Age and ethnic restaurant visiting frequency - Theseus

22origin of business idea that came from, if any progress has made in business ideaalong with any / all plan for short term growth. It also includes educational backgroundof entrepreneur with list of relevant business, any specific expertise related tobusiness and any industry related club or professional association that any of the keyplayers are member of. (Albo, 2008)This is a short statement about what the company wants to be in the market. Missionand vision always should be short and clear as possible. Main objectives of the businessshould be mentioned in this chapter possibly in a line or a sentence. Missionexplains the purpose of the organization in the market. Vision states about how theorganization would like be in future. Objectives are the result that a business sets forthe planned activities. Certain result in a specific period from specific activities can bedefined as objectives. An organization’s mission is the purpose or reason for the organizationsexistence. It tells what the company is providing to the society- either aservice or a product. Mission describes what the organization is now; vision describeswhat the organization would like to become. Objectives are the end result of plannedactivity. They should be stated as action verb and tell what is to be accomplished bywhen and quantified if possible. Some of the areas in which organizations might establishits goals and objectives are profitability, efficiency, growth, shareholderswealth, utilization of resources, reputation and survival etc. (Wheelen & Hunger,2010, 65 & 66)3.3. Organization PlanOrganizational plan depicts that what kind of organization structure would be and howthe decision rights would be located. Every public and business organization mustfollow the legal procedure of the country. Organization plan should comply with therelated law and regulations.Legal Structure: It is always a wise to choose format of a business that suits thebusiness and owners needs. By nature and size of the company, structure of thecompany is free of choice of an entrepreneur. In Finland, there are four structures ofbusiness which are proprietorship, partnership, limited company and cooperative.(Finnish Enterprises agency 2011, 8)Proprietorship is owned by single businessman that is operated by a working name(Toiminimi) of a person. He is the only decision maker in the business and no need to