Small businesses vs large businesses
There is a huge difference between small businesses and large businesses. Sometimes it could be due to the number of people employed by the company and sometimes it could be due to the amount of revenue produced by these businesses. Large businesses are characterized by large buildings and a huge customer base. Most large businesses are public corporations and they have a very complex and specialized form of governance. Large companies have a different structure compared to small businesses. Running a large business usually requires a lot of expertise in the field of the business.
Small businesses vs large businesses structure
Small and large businesses differ a lot in terms of their structure and roles assigned to individuals in the business. Whilst small businesses have a rather more flexible business structure where the business owner does most of the business activities and offers most of the labor requirements. Large businesses are usually corporations that have fixed roles for employees. In a large business such as those traded on the stock exchange you will not find the CEO cleaning the toilets. These jobs are usually assigned to other members of the business. The structure of small businesses is usually less complex than the structure of large businesses. This is due to a number of factors. Large businesses have specialized skilled workers whilst small business do not.
Small businesses vs large businesses statistics
Although small businesses make up the majority of all businesses. Large businesses tent to employ more people. Large businesses also pay well. This makes them very competitive in the labour market. A company that employs more than 500 people in the United States is regarded as a large corporation. Most businesses that are listed on Major stock exchanges are large businesses.