Management Essay Example | Topics and Well Written Essays - 1500 words - 8

Management - Essay Example Examples of liabilities include debts repayable, deferred revenue and current-year loan and note payments (Sveiby, 2007). Liabilities = Assets – Capital Shareholders’ funds Shareholders’ funds are a gauge of the shareholders' entire interest in the business represented by the sum of share capital and reserves (Hellriegel & Slocum, 2002). Shareholders' funds are the balance sheet value of the shareholders' interest in a company. Capital = Assets – Liabilities In order for a business to be economically health, the company’s total assets should be more than its total liabilities. Current assets such as cash, receivables, and securities should be able to cover liabilities. If a company‘s assets significantly exceed its current liabilities, the company may not be putting its wealth to the most excellent use. Definition of intellectual property and forms of legal protection available to intellectual property. Intellectual property laws are laws set by countries with inventive home based industries to promote innovation by regulating the replication of inventions, identifying symbols, and creative expressions (Draft, 2002). These laws include patent rights; trademarks; copyrights and trade secrets. Patent rights protect inventions or patent (Management notes). Patent rights guarantee the originator, a unique right to avoid others from creating, using, and selling the inventor’s patented contraption for a predetermined span of time especially 20 years in return for the confession of the invention’s information to the civic under the stipulations of the social contract. Another form of intellectual property is copyrights; the right of owning written work like a book, document, a patch of code or software application (Hellriegel & Slocum, 2002). This property is protected by a set of rights granted by the law of jurisdiction to the author of the original work and according to the World Intellectual Property organizat ion rights protected by copyright include; the owner’s right to permit or prohibit, duplicate, allotment, public presentation, transformation, broadcasting, and version (Draft, 2002). More over, trademark is a word, symbol, device, or name used to designate the foundation of the goods and to differentiate them from other goods in the market (Management notes). Trademarks are exclusive to exact brand, product, or individual and consequently need to be secluded in the concern of preserving a product’s identity (Patents and data protection). In other words, trademarks refer to a distinctive indicator used by either individuals or organizations to identify itself to customers or consumers (Patents and data protection). Essentially, it enables the indication, that, the products or services originate from exceptional entity and designated for a particular market. In case of any infringement on the trademark, the owner may initiate legal proceedings to prevent unauthorized us e of the trademark. Advantages of a Gantt chart It helps in the planning of a project. One can see at a glance the project tasks and time schedules (Clark, 2002). A Gantt chart is suitable for small projects that fit on a single sheet. Gantt chart exhibits dependencies amid tasks using focussed