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A division of a business or business division (sometimes[1] called a business sector[2]) is one of the parts into which a business, organization or company is divided.[3] The divisions are distinct parts of that business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. However in a large organization, various parts of the business may be run by different subsidiaries, and a business division may include one or many subsidiaries. Each subsidiary is a separate legal entity owned by the primary business or by another subsidiary in the hierarchy. Often a division operates under a separate name and is the equivalent of a corporation or limited liability company obtaining a fictitious name or "doing business as" certificate and operating a business under that fictitious name. Companies often set up business units to operate in divisions prior to the legal formation of subsidiaries.

Generally, only an "entity", e.g. a corporation, public limited company (plc) or limited liability company, etc. would have a "division"; an individual operating in this manner would simply be "operating under a fictitious name".

An example of this would be to look at Hewlett Packard (HP), the computer and printer company. HP has several divisions, with the printer division, that makes laser and inkjet printers, being the largest and most profitable division. The divisions of HP, like the Printing & Multifunction division, the Handheld Devices (includes the old calculator) division, the Servers division (mini and mainframe computers), etc., all use the HP brand name. But, Compaq (a part of HP since 2002), operates as a subsidiary, using the Compaq brand name.

Mack Trucks continues to run itself separately, but is a wholly owned subsidiary of AB Volvo. Volvo Trucks also sells trucks under the Volvo name. Within Mack, there is a division named Mack de Venezuela C.A. that does final assembly and sells trucks in South America.

Another less obvious example is that Google Video is a division of Google, and is part of the same corporate entity. But the YouTube video service is a subsidiary of Google because it remains operated as YouTube, LLC, a separate business entity even though it is owned by Google.

References[edit]

  1. ^ See business sector for one of the more common meanings of the expression.
  2. ^ [1]
  3. ^ Longman Business English Dictionary

See also[edit]


Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Division_(business) — Please support Wikipedia.
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The West Australian

STLtoday.com
Thu, 14 Aug 2014 11:56:15 -0700

Updated at 3:30 p.m.. NEW YORK • General Electric confirmed that it is considering the sale of its historic appliance division, part of its effort to focus on selling more complex and profitable industrial equipment. The confirmation came after the ...
 
Burlington Times News
Wed, 20 Aug 2014 11:22:30 -0700

Fidelity Bank is rebranding its Trust & Investment Management Department as Trust Company of North Carolina. This division is a full-service multifamily wealth management office. It has a location in Fidelity Bank's Burlington office, 2517 S. Church St ...
 
MiamiHerald.com
Tue, 19 Aug 2014 12:07:30 -0700

HARTFORD, Conn. -- A manufacturing company has promised to increase its workforce by one-third as it moves a Massachusetts division to Connecticut with $2 million in state aid. Connecticut Gov. Dannel P. Malloy announced Tuesday that C. Cowles and ...
 
The Independent
Fri, 08 Aug 2014 15:14:44 -0700

Royal Bank of Scotland is closing its hugely controversial Global Restructuring Group, with its boss leaving less than three weeks after he was accused of being “wilfully obtuse” in evidence to a parliamentary committee. GRG, the division of the state ...

Boston Globe

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Thu, 24 Jul 2014 21:03:35 -0700

NEW YORK — Walmart is replacing the chief of its US discount stores in what could be an indication that it's losing confidence that its largest business unit will rebound after more than a year of disappointing results. Greg Foran, who was promoted to ...

Telegraph.co.uk

Telegraph.co.uk
Fri, 22 Aug 2014 08:40:18 -0700

Coutts International employs around 1,200 people in seven countries, though none in the UK. It made an operating profit of £68m last year. The UK arm of Coutts, which accounts for most of the division's business and includes the Queen among its ...
 
Charleston Gazette
Thu, 21 Aug 2014 15:07:30 -0700

“Employees shall not communicate to any person who is not an employee of the Division any information concerning operations, activities or matters of Division business.” | “Employees shall not criticize, ridicule, express hatred or contempt toward, ...

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Fri, 22 Aug 2014 04:48:19 -0700

50% of their revenue is generated by their Business Division. Business is shunning Win8 and Win8.1. I know because I work in enterprise IT. Companies facing new desktop deployments are choosing Win7. By releasing an unappealing OS on the desktop, ...
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