In what ways would the job activities of an owner of an automotive repair shop that employs two people and the

Question

In what ways would the job activities of an owner of an automotive repair shop that employs two people and the president of the Ford Motor Company be similar? In what ways would they be differents?

Answer 1

similar: They both want to hire good people. They both want to set the right direction for the company. They both want the company to make a profit and grow. They both have an ownership interest and thus a personal stake in the success or failure of the firm. They both have a legal responsibility for the actions of the firm.

different: The Ford President can hirer many people to help him address his duties. He has to rely on many other people to accomplish the company's goals. He has very little "hands on" duties. He doesn't see very many customers in person. He doesn't touch very many cars.

Answer 2

A small business owner has to deal with customers, employees, vendor, accountants and taxes and should know how to do every job in the place. The fact that they deal with repairing cars only means that is the main skill the owner needs to fill in for employees. They do everything from buying the insurance policies to firing employees that don't work out.
Presidents of large companies deal with the board of directors, upper level management, negotiate major contracts and review reports from management. They might recommend putting thousands of people out of work or spending billions on a new plant.
Right now the UAW and automakers are dealing with billions of dollars in pension obligations. But the presidents don't have to deal with hiring and training the newest bookkeeper.