Table of contentsSelfridges & CoBritish Heart FoundationComparison of Selfridges and the British Heart FoundationThe two companies I have chosen to use as part of my mission are Selfridges as a profitable company and British Heart Foundation as a non-profit organization, out of all the companies I could have chosen I chose these two- there because I found them interesting and detailed. Selfridges is a huge high-end retail chain with very good quality products and excellent customer service. They also have a very good and detailed history. While the British Heart Foundation was founded in 1961 by a group of medical professionals, they started this charity because they were concerned about the increasing mortality rate from cardiovascular disease. They wanted to fund additional research into the causes, diagnosis, treatment and prevention of heart and circulatory diseases. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Selfridges & CoIn 1908, Selfridges was founded by Harry Gordon Selfridges. Over the last 100 years, Selfridges has really taken off as a business, growing from a single store in London's Oxford Street to three very successful stores across the UK, one each in Leicester, Manchester and the originating from London. Selfridges has many partners involved in the business, meaning they share management of the business and will share profits between the individuals. However, most businesses will have limited liability, meaning that each partner is not liable for further misconduct that occurs in the business. Selfridges has limited liability, meaning it cannot exceed the amount invested in a partnership. Shareholders can participate in the growth of a company, their liability is limited to the amount of investment in the company, even if the company subsequently goes bankrupt and has remaining debts. Because Selfridges was established so long ago, in 1908, it was not very expensive to establish. Plus, in 1908 there wasn't much competition in the designer clothing market, so he didn't have to worry about other companies. The only thing Harry had to worry about was the risk he was about to take, if he wanted to make a profit. When the business started to take off, the company's partners were a big help because he would have had to talk to all of them to make big decisions. Another benefit of being part of the partnership is that Selfridges will have a much greater source of resources. capital within the company. This means that partnerships will be able to invest in more ideas for the business. Additionally, when you have a lot of different partners, they will all have different and varied ideas to come up with and try to improve the business as a whole. In a business, partners are usually qualified and located in the field of work, because if something does not go as planned, a specialist is there to help. However, partnerships also have disadvantages, for example a big disadvantage can be that business partners can have arguments and disagreements when presenting their own ideas. This could be bad for Selfridges as it could lead to partners walking away because they might feel that certain points are notnot heard. With the partners withdrawing, this means the company will have less capital in the business, which could result in Selfridges not continuing with its plans because it does not have the support and money to support the project. Another disadvantage of a partnership is that you have to pay taxes to the government. This leads in the long run to Selfridges not making as much profit because it will have to pay a larger amount to the government. British Heart FoundationThe second case I haveThe British Heart Foundation was chosen for comparison. It is a non-profit charitable organization headquartered in London. The charity has helped many people suffering from heart problems like heart attack etc. You can check out the most successful stories on their website. The British Heart Foundation has over 500 stores across the UK, meaning it has been one of the most popular charities since it began in 1961. The British Heat Foundation funds over £100 million per year for research into heart and circulatory diseases. . The British Heart Foundation is trying to reduce the number of 190 people who die from heart attacks every day to zero, as you can see heart attacks are an isolated problem and with the donations they receive they are trying to find out how to stop them. As the British Heart Foundation is a charity, this means you cannot buy shares in it. However, the British Heart Foundation has many stakeholders, for example people who donate to the charity, people who have an interest in the business and government. Stakeholders play a major role in the development and sustainability of a charity by helping to achieve objectives and goals. . The ability to create publicly accessible or access only extranet areas ensures that information is shared with relevant stakeholders and that very strong relationships can be built between the charity and stakeholders. Being a charity can have many benefits. For example, a charity pays no more than 20% of normal business rates on buildings it uses and occupies to further its charitable objectives. This is helpful in the long run because, as it is an unprofitable business, it would cost them too much to pay normal business rates. Additionally, another advantage of being a charity is that charities do not have to pay the same amount of VAT as other businesses. A charity may benefit from special VAT treatment in certain circumstances. Many people think that charities benefit from VAT, but this is not the case. However, there are also downsides to being a charity: Starting a charity is not an easy task. Getting a lawyer involved requires a lot of effort. This leads to the charity paying huge expenses for a solicitor who cannot promise anything, the average solicitor would cost you around £4,000. Comparing Selfridges and the British Heart Foundation, overall, now that I have compared the two companies you can clearly see that they are contrasting. Selfridges is one of the largest designer outlet stores in the world. Selfridges is always trying to move forward with new projects and grow its business. Selfridges always makes sure to offer the best possible customer service. Because Selfridges is a limited company, they..