1000 results for “Business Entity”.
S. small business administration can help with (SBA, 2005). While this is not necessary it can prove useful for legitimizing or legalizing certain aspects of business operations and help businesses with financing and support from investors.
An organization will next have to decide a location for their business and select a business structure, which is not limited to a corporation but may also include a sole proprietorship, limited liability company or partnership (Secretary of State, 2005). The California Chamber of Commerce can help with this by examining the industry, whether financial or otherwise and helping the business determine what permits or expenses will need to be covered to acquire the desired location (Secretary of State, 2005). Next a new business will have to file for tax identification and employer identification numbers and documents, and acquire any licenses or permits necessary to operate within the State of California (Secretary of State,…
References
Business Plan Basics.' (2005). U.S. Small Business Administrations. Retrieved November 10, 2005: http://www.sba.gov/starting_business/planning/basic.html
California business and professions code." (2005). Retrieved November 11, 2005:
http://www.leginfo.ca.gov/cgi-bin/calawquery?codesection=bpc&codebody=&hits=20
California Law." (2005). Retrieved November 11, 2005:
Marketing Business Entity
In today's capitalistic global environment, the actions of a business entity, whether they be good or bad, can have wide-ranging effects. A business that chooses to act in an unethical manner can impact a large number of people. For example, consider the influence of an unethical business that chooses to manufacture paper in third world country. This business not only treats its employees unfairly through substandard wages and working conditions, but also pollutes the environment by dumping paper bleaching agents into ocean. These bleaching agents could ultimately damage aspects of the ocean ecosystem, potentially impacting fishermen, recreational divers, and even other businesses in the area. The poor ethical practices of this business could cause local governments to be wary of allowing other businesses in the area. Further, this business (like the famous Enron and WorldCom cases) misleads shareholders by juggling its financial figures, which may ultimately lead…
Business Entities, Laws, And egulations
This paper will focus on the challenges faced by one start-up businesses and an established company with labor issues. For the start-up, a birth clinic, a case needs to be made for the type of business entity they should each use. The established company is a construction company whose business entity must be identified and employment law pertaining to the scenario will be discussed. For each business, identification of the best business entity for the given situation needs to be accomplished first. The decision of the type of business entity will take into consideration control, taxation, and liability issues. eview of the laws and regulations that each ownership group must consider and identification of risks that the businesses should protect against will be discussed. eview of the construction company's business structure and how it affects control, taxation, and liability issues along with how employment law…
References
Cheeseman, H.R. (2010). The legal environment of business and online commerce: Business ethics, e-commerce, regulatory, and international issues. (6th ed.) Upper Saddle River, NJ: Pearson Prentice Hall.
University of Phoenix. (2010). Course syllabus. Retrieved from University of Phoenix, BUS415 - Business Law website.
S corporations must be domestic in nature, issue only one kind of stock, and have less than a hundred shareholders: given that Frank only has aspirations to have a U.S.-based business, this entity type would seem ideal, although he might need some legal help to file as an S Corporation.
Professional practice: An LLC, or limited liability corporation, is the most popular type of entity structure for professional groups such as doctor's offices, accountants, and other small enterprises. As owners, Akiva and Tara would not be personally liable for the debts of the LLC, although constructing the entity is more complicated, legally, than a joint proprietorship. Given the insurance risks of running a birth clinic and the dangers of litigation, anything but an LLC would be unwise. Additionally, in some states, owners are "protected from personally liability from certain acts or misconduct of other partners, employees, agents, or their representatives"…
References
Limited liability. (2010). State of Iowa. Retrieved March 29, 2010 at http://www.sos.state.ia.us/business/limliabpart.html
Limited partnership. (2007). Quick MBA. Retrieved March 29, 2010 at http://www.quickmba.com/law/partnership/limited/
Pregnancy Discrimination Act. (2010). EEOC. Retrieved March 29, 2010 at http://www.eeoc.gov/facts/fs-preg.html
S Corporation. (2010). IRS. Retrieved March 29, 2010 at http://www.irs.gov/businesses/small/article/0,,id=98263,00.html
Felipe's inability to speak English would be a liability to the company and a possible safety threat, so he should not be hired as well. That leaves Eric and Michelle, who are both qualified candidates and could therefore both be hired. Even though Eric does not have a high school diploma, his life experience should make up for the lack of education, and he knows how to work a jackhammer. Michelle is perfectly qualified, and cannot be turned down solely because of her (supposed) pregnancy, and is therefore the top choice according to the criteria. However, if either of their interviews provided a legitimate reason to why they would not be able to work, they would not have to be hired.
As a provider for Stonecraft Builders, Paul would do well to incorporate his proprietorship into a corporation. The process would take some time: he would need to file the…
References
IS Sole Proprietorship Status for You?. (2008). Home Business Magazine: The Home-Based Entrepreneur's Magazine, 15(6), 58. Retrieved from EBSCOhost.
Job interviews: How to pose risky questions the legal way. (2010). HR Specialist: New York Employment Law, 5(4), 6. Retrieved from EBSCOhost.
Jones, L.T. (2003). Preferred Return Limited Liability Company: An Alternative to Split Dollar. Journal of Financial Service Professionals, 57(6), 75-84. Retrieved from EBSCOhost.
However, as Nick is unqualified for the position, the medical question is moot -- Nick would not be hired because he has no experience.
Michelle has some past experience and would be under consideration. Under the terms of the Pregnancy Discrimination Act prohibits discrimination on the basis of pregnancy in employment. The Act does not explicitly prohibit Mei-Lin from inquiring about the pregnancy, but it is recommended that she refrain from doing so, as that inquiry could be used against the company in a discrimination suit should Michelle not be hired. Although ethics are not encompassed in the law, from an ethical point-of-view it would be irresponsible for SureBuild to hire Michelle, as working as a jackhammer operator would put the fetus at risk, there could be legal action taken against the company as a result for failing to provide the fetus with adequate duty of care.
Eric is experienced,…
Works Cited:
All Business. (2010). How should you structure your business? All Business. Retrieved October 30, 2010 from http://www.allbusiness.com/business-planning/business-structures-limited-liability/1679-1.html
ADA.gov. (2005). A guide to disability rights laws. U.S. Department of Justice. Retrieved October 30, 2010 from http://www.ada.gov/cguide.htm#anchor62335
Pregnancy Discrimination Act (1978). Retrieved October 30, 2010 from http://employment.findlaw.com/employment/employment-employee-discrimination-harassment/employment-employee-pregnancy-discrimination-top/pregnancy-discrimination-act.html
USDL. (2010). Age discrimination act of 1975. U.S. Department of Labor. Retrieved October 30, 2010 from http://www.dol.gov/oasam/regs/statutes/age_act.htm
Laws Governing Business Entities
Laws Governing Business Organizations
Every business organization in a developed market is governed by laws, which are rather closely monitored to ensure the good fairing of the organization in the business market. Such laws provide for the standard form of the generally established legal entities in the worldwide economy. Such defined entities include, partnerships (general and limited), Limited Liability Company, cooperatives among others. This document outlines such laws and consequently defines their importance in performance of any organization or company established in a stable and developed business economy.
Organization By-laws
laws of most companies and organizations are articulated as below. This list provided below generalizes what is common and basic to most of the organizations or rather legal entities.
Every business organization should specify its official name to ensure proper identification with the concerned legal authorities. Each company has its own specific name, which is considered…
References
Anders J. Persson. The Contract of Employment: Ethical Dimensions. Journal of Business Ethics, vol. 66, No. 4 (July, 2006), pp 407 -- 415.
Charles R. Geer. Counter cynical Hiring as a Staffing Strategy for Managerial and Professional Personnel: Some Considerations and Issues. The Academy of Management Review, Vol. 9, No. 2, (Apr., 1984), pp. 324 -- 330.
David E. Bowen, Gerald E. Ledford, Barry R. Nathan. Hiring for the organization not the job; The Executive, Vol. 5, No. 4 (November 1991), pp 35 -- 51.
Douglas Smith, Smith (1999). Company Law. United Kingdom: Taylor & Francis.
financial statements by business entities. The purpose of this is so that one can understand about the business cash, how the business acquired or generated it, how it was used and in what ways and tomorrow's business plans, financial position of a business, performances and its position. The paper will go ahead to analyze if there is any significance of cash for the survival of a business and the impacts of the various financial sets. The arguments that will prevail will be based on the importance of the different financial statements to a business survival.
Cash is a crucial constituent of a business and I do agree that a business cannot survive without it. 'As a matter of fact the main aim and goal of a business is to generate cash and profits not only in the short run but also in the long-term.' (Minnery, 2006) Every business has everyday…
Works Cited
Elliot.B, 2005, Financial Accounting and Reporting; Financial Times/Prentice Hall, United Kingdom
Graham B. 1998, The Interpretation of Financial Statements Harper Business, amazon
Minnery.B. 2006, 'Don't question the importance of cash flow' The independent, viewed date 28 May 2006, www.independent.co.uk
MoneyInstructor.com. 2009, The importance of cash flow statement; viewed; Aug 19, 2009 www.moneyinstructor.com/doc/importance....
As part of the research triangle, Raleigh has a significant portion of its population that fits the target market. For the Farmery to succeed, it only needs to capture a small portion of the market share. This is especially true because the store has a small footprint, and has the flexibility to set up on vacant lots without the costs of either renting or developing fixed real estate. The Farmery therefore needs to focus on two or three key elements to ensure adequate market penetration.
The first of these is location. Let it not be understated that location, location, location is critical to the success of any retail business. Because food is not normally something that people are willing to travel more than a few miles for, it is important that the Farmery target a neighborhood where there is a high concentration of individuals that fit the target market. There…
Works Cited:
Falk, T. (2012). Detroit turns shipping containers into condos. Smart Planet. Retrieved December 4, 2012 from http://www.smartplanet.com/blog/bulletin/detroit-turns-shipping-containers-into-condos/5900
Food Marketing Institute. (2012). Supermarket facts. Food Marketing Institute. Retrieved December 4, 2012 from http://www.fmi.org/research-resources/supermarket-facts
Greene, B. (2012) the Farmery. Kickstarter.com Retrieved December 4, 2012 from http://www.kickstarter.com/projects/farmery/the-farmery
Imlay, T. (2006). Challenges in today's U.S. supermarket industry. Microsoft. Retrieved December 4, 2012 from http://msdn.microsoft.com/en-us/library/aa479076.aspx
Entity Selection Exercise
Idea or vision for the business:
Joe's Landscaping and Tree Trimming -- Equipment rentals, too, on request! Make your land look beautiful as nature intended, with a little help of the hands of Joe!
Identify legal and regulatory issues to be considered in creating or modifying this business
At present, Joe operates under the legal and tax status of a sole proprietorship. A sole proprietorship is an unincorporated business owned by one individual, in this case, Joe. A sole proprietorship is one of the most popular forms of business entities because legally and for tax purposes, is the simplest or least bureaucratic form of business organization to start and maintain. The business has no existence apart from the owner and is particularly popular with singular business entities, or local entities, such as Joe's business, which is limited to a fixed area, does not seem ripe for franchising,…
Works Cited
"How Sole Proprietorships are taxed?" (2005) Nolo. Retrieved from law search engine on 4 Aug 2005
http://www.nolo.com/article.cfm/ObjectID/FE1875A0-239D-48E5-B7D2565E0CB62159/catID/3FED35C1-7BBA-4468-901354F101CBEBE2/111/182/147/ART/
"Sole Proprietor." (2004) Nolo. Retrieved from law search engine on 4 Aug 2005 http://www.nolo.com/article.cfm/objectID/3FD19141-DB91-4FCA-BDB93416A4D05479/111/182/147/ART/
"Sole Proprietorships Defined." (2005) IRS. Retrieved from government website on 4 Aug 2005 http://www.irs.gov/businesses/small/article/0,,id=98202,00.html
This is when the overall amounts of responsibilities are limited to: the percentage of ownership of the different shareholders. As a far as control is concerned, this means that management must carefully monitor who they are hiring to work as the jackhammer operator. The reason why, is because of the possibility of the on the job injuries that are work related. Taxation issues are limited mainly to the percentage of ownership of the various shareholders. As all income from the business will be divided and reported on the individual tax returns of the business owners. The possible liability issues include: workplace injuries, negligence and the loss of income that an employee can claim (in the event they are injured). To protect itself against the different risks, the business needs to have policies in place that will monitor the activities of managers, to ensure that they are following all regulations. This…
Bibliography
What is a Limited Liability Company. (2011). Wise Geek. Retrieved from: http://www.wisegeek.com/what-is-a-limited-liability-company.htm
Astarita, J. (2009). Introduction to Private Placements. SEC Law. Retrieved from: http://www.seclaw.com/docs/pplace.htm
Eadie, J. (2011). Using Private Placement Strategies. Covenant Info. Retrieved from: http://covenantmfo.com/blog/2011/3/17/using-private-placement-strategies-minimize-tax-headaches
Schied, J. (2009). What Rules do Franchises have to Follow. Bright Hub. Retrieved from: http://www.brighthub.com/office/entrepreneurs/articles/55272.aspx
Business Manager 0668
Transactions Process
Tools for customers
E-commerce payment solutions
Search Engine Optimization
Strategies for improvement
Affiliate Programs
Website advertisement
Search Engine Optimization and webpage rankings
Global business diversity
Business climate
Language
Culture
Infrastructure
Customer elationship Management
Website integration of tools
Discuss how you will facilitate customer payment using e-commerce solutions (e.g., how the transaction will take place, including the tools customers will use).
The customer transactions and payments are one of the important elements of e-commerce strategy. The businesses are required to offer a secure and trust worthy system for their client to manage the financial transactions. There are different transactions handling methods used by the e-commerce-based organizations. These payment methods should be aligned with the overall business transaction handling process as well as appropriate selection of tools and e-payment solutions.
Transactions Process:
The transactions of products produced under the label of Sunny Day salon are mainly related…
References:
Buttle, F. (2012). Customer relationship management.USA: Routledge.
Kent, P. (2012). Search engine optimization for dummies. USA: John Wiley & Sons Inc.
Kim, C., Tao, W., Shin, N., & Kim, K.S. (2010). An empirical study of customers' perceptions of security and trust in e-payment systems. Electronic Commerce Research and Applications, 9(1), 84-95.
Ojeda-Zapata, J. (2011). iPad Means Business: How Apple's Tablet Computer is Changing the Work World. USA: Happy About.
Business cluster refers to the geographical concentration of closely related businesses, suppliers, and firms belonging in a given field. The primary objective of forming these clusters is to boost the productivity with which firms compete at both national and international levels. Clusters are also crucial in the strategic management processes. This article discusses the benefits of such clusters, the management at domestic and international scales, and the negative aspects of clustering (DeWitt, Giunipero & Melton, 2006).
Concentrated clusters promote the management of supply chains by developing strong relationships between the customer and supplier. Employing the concept of concentrated clusters enhances the benefits a company derives from its interaction by linking various companies and other business entities within the same industry. Operating in concentrated cluster enables firms to understand the precise needs of customers and vice versa. With this situation in place, businesses are able to establish permanent clientele who in…
References
Fischer, M. (2007). Determination of Critical Success Factors for the Development of Biotechnology Clusters. New York, NY: GRIN Verlag
Porter, M.E. (2000). Location, Clusters, and Company Strategy; Oxford Handbook of Economic
Geography. Oxford: Oxford University Press
DeWitt, T., Giunipero, L.C., & Melton, H.L., (2006). Clusters and supply chain management:
Business Ethics
Ethical issues and dilemmas have always been hitting the operational performance and sustainability of business organizations. They directly affect the way an organization formulates and implements its policies, operates as an active participant in the industry, and competes with other organizations for the sake of accomplishing its strategic objectives. Ethical issues may relate to the organization's social responsibility or corporate responsibility; both are vital for the organization to ensure a sustainable future in its industry. This paper discusses an ethical issue which was faced by one of the world's most admired organizations -- Apple Inc. The main purpose of the paper is to highlight the ethical issue in which Apple was involved; the consequences of the ethical issue and the individuals involved in the process. The paper starts with a brief introduction to Apple; its main product offerings, industry, scale of operations, and major strategic decisions which it…
References
Apple, (2012). Labor and Human Rights. Retrieved on September 26th, 2012, from
Enderle, R. (2010). Apple and the Ethical/Business Problems of Child Labor and Other Unsavory Practices. Retrieved on September 26th, 2012, from
Hinks, P. (2012). Apple's new leader faces ethical dilemmas at Foxconn. Retrieved on September 26th, 2012, from
Hyatt, J.C. (2012). Apple, Foxconn, Promise Improvements for Workers. Retrieved on September 26th, 2012, from
Business tructures Overview -- There are a number of different business structures that are available to the new business owner, or someone purchasing a business. Each different structure has its own set of rules, with each having different tax and legal implications. The choice of which to use is thus based on the type of business, its overall legal liability (e.g. A rafting company vs. A resume service), the number of people involved, potential income, and potential longevity.
In business structures, a sole proprietorship is the simplest and is an unincorporated business that is owned and operated by a single individual. All profits and liabilities are the sole responsibility of this individual. This is the most autonomous of the business structures. ole proprietorships have few formalities, few regulations and very little federal, state and local tax issues. However, it also has the least amount of liability protection for the business…
Sources consulted:
Advantages and Disadvantages of Sole Proprietorships. (2007). Retrieved from The New York Times: http://www.nytimes.com/allbusiness/AB4113314_primary.html
Carter, C.. (2012). Advantages and Different Advantages of Different Business Structures. Chron.com. Retrieved from: http://smallbusiness.chron.com/advantages-disadvantages-different-business-structures-21149.html
McMenamin, J. (2013) Introduction to Financial Management. Retrieved from Google Books.
Common
Business Ethics
An ethical issue refers to a situation whereby an organization is required to choose amongst alternatives that must be evaluated as either wrong or right. For example, an ethical issue arises when a business company opts to make as much profit while pollution the environment, the dilemma here being the regulation and social consequences. The company management may opt to bribing the regulation implementing organization as long as they continue making short-term profits before the law catches up with them, by then they may be forced to attire with the rule or shut down but they will have made as much finances than when they may have started and the consequences on the social life will have reached the stage where it affects their health and made the environment unbearable. The principle of autonomy; which requires individuals to be left on their own independence to conduct their activities,…
References
Andrew, J. (2008). Utilitarianism and deontology theories. New York: John and sons ltd.
Ferrell, O.C., & Fraedrich, J. (2012). Business Ethics: Ethical Decision Making & Cases. Salt Lake: Cengage Learning.
Joanne, B. (2010). Ethics and Business success. Mexico: Greenwood press.
John, K., & Berlyn, M. (2009). Assessing the effectiveness of decision making models. Normative and rationale models, 15 (14), 319-325.
In the modern business environment, communications policies also pertains to electronic transfer and storage of business information and correspondence. Likewise, communication policies dictate the rules differentiating permissible and impermissible uses of communications equipment for personal use as well as the privacy rights (if any) permitted employees on company time and equipment. Finally, communications policies also outline the expected protocols for business communications between co-workers, particularly with respect to the expected supervisory functions (ussell-Whalling 2008).
In my current company, the organizational culture permits "reasonable" personal use of company equipment and time, provided it does not amount to more than a nominal expense or compromise any aspect of efficient business operations. The privacy rights of employees to personal information disclosed or stored on company equipment is nonexistent and explicit acceptance of that policy is ensured through the computer log-in system that requires daily confirmation in the log-on process.
Business ethics reflects a…
References
Daft, R. (2005) Management 7th Edition. Mason: Thomson South Western.
Russell-Whalling, E. (2008) 50 Management Ideas You Really Need to Know. London: Quercus
Transaction Under Each of the Five Ethical Theories
Ethical fundamentalism:
Juanita's behavior is clearly in contravention of a normative code of ethics since each of the world's religions proscribe bribery. The Bible, for instance, as does the Koran goes on in depth about the severity of perverting justice and bring officials or any one involved in the jurisprudence sector.
Utilitarianism
Utilitarianism is somewhat stickier in application. If Juanita's behavior provides the greatest amount of people in her environment with pleasure, she can, consequently, proceed. Utilitarianism is, however, not so clear in this situation for how do you define and set the limits to providing happiness t o the greatest amount of people. Who are the majority in this case? Are they the employees in Giantcorp and the bribed official (as well as recipients who profit from the bribe)? Are they competitors to the company? Are they the specific country? Or…
References
EHow.com How to start a construction LLC
http://www.ehow.com/how_5747990_start-construction-llc.html
Employment Law Guide. Safety and Health Standards: Occupational Safety and Health. U.S. Department of Labor. http://www.dol.gov/elaws/elg/osha.htm
Federal Laws Prohibiting Job Discrimination. The U.S. Equal Employment Opportunity Commission. http://www.eeoc.gov/facts/qanda.html
Business Expansion
While some entrepreneurs have a valid reason and perhaps valid opportunities to expand their businesses, such a move could have its own unique pitfalls if not well executed. Some of the things to watch out for when expanding a business entity include, but they are not limited to, the most appropriate business form to embrace, the best financing avenues to explore, and the most workable long-term strategy to implement.
There are a number of steps that Kelly should take to prioritize her business growth strategy. One of these, according to Liabotis (2007) is implementing a valid customer growth strategy. Some of the customer growth strategies that Liabotis mentions include, core business driven growth, the sub-segmentation of customers, and further exploitation of adjacent opportunities. Kelly also ought to enhance her market knowledge. This she could do by sourcing for insight from both existing and target clients and familiarizing herself…
References
Dahl, D. (2010). How to Develop a Business Growth Strategy. Retrieved 19th July 2015, from http://www.inc.com/guides/small-business-growth-strategies.html
Liabotis, B. (2007). Three Strategies for Achieving and Sustaining Growth. Retrieved 19th July 2015, from http://iveybusinessjournal.com/publication/three-strategies-for-achieving-and-sustaining-growth/
Business income refers to any income usually realized for the execution or transaction of business activity. This indicates that business income is the aspect of earned income from the perspective of business transaction or activity. In order for the business income to apply to the aspect of the taxation system, it is essential to classify business income as ordinary income. Business income consists of business expenses, business losses, and business profits. It is the difference between revenues and expenses of the process of business transactions. This indicates that business income can be positive or negative within the financial year depending on the size of the expenses and revenues. Business income is received from the transactions or sales of products or services within the defined market.
Question Two
OECD model treaty defines a clear perspective in relation to the handling of the business income. This is through indicating that the income…
References
Ault, H.J., & Arnold, B.J. (2010). Comparative income taxation: A structural analysis. S.l:
Kluwer Law International.
Gustafson, C.H., & Pugh, R.C. (1993). International income taxation: Code & regulations, selected sections. Chicago, Ill: Commerce Clearing House.
Scha-fer, A. (2006). International company taxation in the era of information and communication technologies: Issues and options for reform. Wiesbaden: Deutscher Universita-ts-Verlag.
On the other hand, applicable laws do have authority and under the concept of moral relativism, it may be justified that any duly passed law be complied with (Svensson & Wood, 2008).
One lesson from this case might be that laws between entities in different sovereign nations can be much harder to enforce than laws between entities within the same nation. In the future, Pakistan and other nations might want to make sure that their contractual agreements contain mechanisms that make them enforceable across international borders. On a broader level, another lesson might be that ill-gotten gains should not be promoted by governments in the first place. Those who believe in the supremacy of divine law might consider the position in which Pakistan found herself to be an example of God's reminding us of the obligation to conduct ourselves ethically toward our fellow man.
eferences
Creffield, Lisa. "Why you can't…
References
Creffield, Lisa. "Why you can't block Skype." (August 14 -- 2006).
http://www.ameinfo.com/93716.html
Halbert, Terry and Ingulli, Elaine. (2009). Law & Ethics in the Business Environment.
Cincinnati: West Legal Studies.
Removing losses from the company's books made the main corporation look more attractive. Enron appeared to be operating at a profit; a key factor in the valuation of any company's stock. By virtue of this "success," Enron was able to raise even more money for more investments.
The architects of all this "growth" profited accordingly. Ken Lay and his associates held large amounts of exceedingly valuable and overvalued stock. hen Enron's cheating was finally exposed, it became painfully apparent to what extent Ken Lay, Jeff Skilling, and other Enron executives had been making vast sums of money on the backs of gullible workforce, and a gullible public:
The "Enron Nine" (if we may call them that) are J.P. Morgan Chase, Citigroup, Credit Suisse First Boston, Canadian Imperial Bank of Commerce, Bank of America, Merrill Lynch, Barclays, Deutsche Bank and Lehman Brothers. These financial institutions collaborated with the now-bankrupt energy company…
A lower price enables an airline to remain well above the competition.
Economies of scale and scope are vital to the performance of an organization no matter the industry the organization is involved in. An organization can only remain competitive if driven to achieve economies of scale (Bronson & Morgan, 1998). Tactics an organization may adopt to achieve economies of scale and scope will include optimal market coverage, increasing sizes, superior "internal growth" and raised capital (Bronson & Morgan, 1998). Another important consideration for organizations include efficiency. One might define efficiency as "the ratio of inputs to outputs" (Bronson & Morgan, 1998).
Efficiency of an organization may be measured in various ways including by observation through accounting (Bronson & Morgan, 1998). An organization particularly a franchised business location will continually measure efficiency to ensure they are minimizing costs and saving time to help facilitate economies of scale and scope.
Tactics…
References
Acumen Professional Intelligence Ltd. (2005). "Business Environment - British Airways." Acumen Enterprise, 31, October 2005:
http://www.acumenenterprise.com/Business/Business_Environment_British_Airways_L18237/
British Airways, (2005). "Global Warming and Aviation." 31, Oct 2005:
http://www.britishairways.com/travel/crglobalwarm/public/en_gb
Business Ethics
Drucker's approach to business ethics revolves around the belief that business people are rational actors who, as agents for the shareholders, will evaluate all decisions on a cost-benefit basis. His view of business builds upon and only somewhat contrasts with that of Milton Friedman, who in 1971 famously espoused that the "social responsibility of business is to increase its profits." This paper will analyze these two views, showing how they are similar and how they are different from one another.
Although Friedman's editorial has been distilled into its pithy headline, his view on the subject of business ethics was complex. Friedman viewed business managers -- executives -- under the agency theory whereby they would be accountable only to the shareholders. Under this view, managers would and should only focus on enhancing shareholder wealth as the underlying philosophy of their actions. Friedman allowed, however, that the actions under this…
Works Cited
Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine. Retrieved October 31, 2010 from http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
Drucker, P. (1981). Can there be business ethics? The Public Interest (Spring, 1981).
Limitations on ADA equirements:
The ADA does not require employers to provide accommodations that pose an undue hardship on the employer or the business entity. The ADA defines "undue hardship" as accommodations that exceed the employer's financial resources or that would constitute significant hardship or difficulty for the employer (Halbert & Ingulli, 2008). In that regard, the ADA analysis of what accommodations are unduly difficult or expensive depends on specific factors such as the relative size and budget of the employing entity as well as the nature of the business, products, or services provided by that business.
The employer is not required to provide accommodations that would decrease the quality or the volume of the goods or services it provides, nor is the employer required to furnish specific personal items such as blood monitoring equipment, glasses, or hearing devices. Generally, the employer is only required to provide reasonable accommodations after…
References
Dershowitz, a.M. (2002). Shouting Fire: Civil Liberties in a Turbulent Age. New York: Little Brown.
Friedman, L.M. (2005). A History of American Law. New York: Touchstone. Halbert, T., Ingulli, E. (2008). Law & Ethics in the Business Environment.
Cincinnati: West Legal Studies. Hall, K. (Ed.) (1992). The Oxford Companion to the Supreme Court of the United States.
New York: Oxford University Press
Leadership:
While the Inspector General authorizes all matters pertaining to the eight regional offices, the day-to-day operations and procedures of the individual regional offices are administrated by the IG. The IG supervises the audit managers in his region, sometimes among two or three remote field offices. As a typical example, Federal
egion II comprises New York, New Jersey, and Puerto ico. The egion II HHS-OIG-
OAS offices include a regional headquarters in New York City, a field office in Albany,
New York, and a field office in San Juan Puerto ico (HHS.gov, 2006).
The egion II IG maintains communications with all three OAS offices under his direction, primarily through meetings and correspondence with his audit managers in those offices. The audit managers provide operational leadership to their respective audit teams. Within each audit group forming each audit team, senior auditors supervise and assist junior auditors on an informal basis, both…
References
Nowalinski, G. (2001)
Brief History of the HHS Office of Inspector General
USDHHS Office of Inspections and Evaluations: Washington, DC.
U.S. Health and Human Services Office of Inspector General Public Website, Accessed September 24, 2007, at http://oig.hhs.gov/organization/OAS/index.html
Whereas I try to respect the requirements of formal rules and procedures, I would prefer to violate those rules where their application would lead to an unintended result or undermine the effort to achieve the greatest benefit. In this respect, I would violate the requirements of rule utilitarianism where isolated violations provide a benefit without necessarily resulting in any diminution of the greatest possible good. For example, our office building prohibits coworkers from using their access passes to allow other employees to enter the facility without their own access cards. I recognize that, in the aggregate, the purpose of this rule is designed to preserve the safety of all of us by reducing the likelihood of access by unauthorized personnel. However, in the isolated circumstance where a coworker known to me forgets his credentials at home, I will violate the rule for the purpose of the good of that individual.…
REFERENCES
Daft, R. (2005) Management 7th Edition. Mason: Thomson South Western
Gerrig, R., Zimbardo, P. (2005)
Psychology and Life 18th Ed. New Jersey: Prentice Hall.
Hursthouse, R. (1999) on Virtue Ethics. Oxford: Oxford University Press.
Corporations have also responded to these changes in the ways that workers relate to their jobs. Erez notes that the predominant 20th century view that emphasized the Taylorist viewpoint gradually fell by the wayside. Companies were forced to acknowledge that they owed their workers a duty of care specifically because of the way that the workers tied their self of self-identity to their jobs. Younger workers, having seen that model collapse in successive rounds of layoffs, demand different job designs, and more specifically they demand a greater degree of control over job design. Younger workers taking more control over their job design has resulted in what Erez describes as customizing one's job in order to suit one's sense of self. The sense of self is stronger, and the job needs to be responsive to it, rather than vice versa.
Ultimately, our sense of self still has a close relationship with…
Works Cited:
Erez, M. (2010). Culture and job design. Journal of Organizational Behavior. 31 (2-3) 389-400.
In medicine, for one example, pharmaceutical companies have established something of a tradition compensating physicians for their time in connection with contributing to educational seminars on topics within their professional expertise (Kolata 2008). This alone does not necessarily raise ethical issues, except that most of these initiatives include the presentations that lend themselves very naturally to creating impressions favorable to certain specific treatment choices over others. Where physician speakers are rewarded financially for their talks, ethical issues arise over the line between education and advertising.
The issue is particularly relevant in conjunction with medical research presentations without full disclosure of the degree to which the speaker is affiliated with or compensated directly by the sponsor. In some cases, physicians have begun declining the opportunities to participate in such capacity, after discovering that doing so could potentially undermine the response of fellow researchers by virtue of some of the natural assumptions…
References
Belch, G, Belch, M. (1998) Advertising and Promotion: An Integrated
Marketing Communications Perspective. Irwin/McGraw-Hill: New York
Ogilvy, D. (1983) Ogilvy on Advertising
Vintage Books: New York
business, worldwide, profit --profit, score performance progress. While ways a business entity evaluated, common measures financial scope. All businesses understand poorly operations performing times, end pre-determined fiscal time period.
AMD Financials
AMD, short for Advanced Micro Devices, is notable as it is the single company to be able to withstand some competition to Intel's central processing units. Aside from this product however, AMD produces and sells a wide array of other technological items, such as motherboard chipsets or graphics processors.
The company was established in 1969 and it is headquartered in Sunnyvale, California. At the financial level, the results of the firm have been impacted throughout the past recent years, yet this decrease is pegged to the internationalized economic crisis, rather than internal problems within the firm. Specifically, the company's revenues have increased from $5,627 million in 2006 to $6,494 million in 2010, according to a variable evolution, with increases…
References:
Giaretta, D., 2011, Advanced digital preservation, Springer
Helfert, E..A, 2001, Financial analysis: tools and techniques: a guide for managers, McGraw-Hill
AMD 2010 Annual report on Form 10K, http://ir.amd.com/phoenix.zhtml?c=74093&p=irol-reportsannual last accessed on May 24, 2012
Website of AMD, http://www.amd.comlast accessed on May 24, 2012
Business Ownership
For an entrepreneur, deciding on what form of ownership a business undertaking should take may end up being a rather tough decision to make. This is essentially because each form of business has its own advantages and downsides. In this text, I will discuss four main forms of business including limited liability companies, corporations, partnerships and partnerships.
Sole Proprietorship
In Madura's (2006) own words, this is "a business owned by a single owner." In this case, the single owner of such an entity is entitled to all the profits the entity generates. However, such an individual is also responsible for all the obligations the entity might accrue. One of the main advantages of a sole proprietorship is that in this case, the single owner does not share the profits generated by the business with any other individual (Madura, 2006). Further, this form of business is easy to start…
References
Madura, J. (2006). Introduction to Business. Cengage Learning.
Miller, R.L., & Hollowell, W.E. (2010). Business Law: Text and Exercises. Cengage Learning.
Strategic Planning in IT
IT Impact on Service Industry Performance
Cooperative Competitive
Competitive Advantage
Implementation of IT Innovations
1992 U.S. VALUE-ADDED AND EMPLOYMENT BY INDUSTRY
AVERAGE ANNUAL GROTH IN GDP PER HOUR,
MAJOR SECTORS OF THE U.S. ECONOMY
Management TASKS IN BUREAUCRACY VS ADHOCRACY ORGANIZATIONS
This paper addresses the following problem statement: "ithout information technology (IT), a business will not be able to compete globally in any industry, nor in any market it wants to enter. It will not be able to effectively and efficiently optimize its success."
In order to evaluate this statement, a number of issues were examined. The rapid pace of technological change and the effects of technology revolution have launched the world into an era of organizations that are experiencing extraordinary growth in both the development and the dissemination of information and communications technologies. This paper reviews the current literature on the subject of the integration…
Works Cited
American Heritage Dictionary of the English Language, Fourth Edition. (2000). Houghton Mifflin Company.
Andreu, R., Ricart, J.E., and Valor, J. (1991). The Strategic Dimension of Transactional Information Systems: Some Organizational Implications. Journal of Information Systems, 1, 223-32.
Ansoff, H.I. (1965). Corporate Strategy. New York: McGraw-Hill.
Bailey, M.N. And Quinn, J.B. (1994). Information Technology: The Key to Service Performance. Brookings Review, 12 (3), 36+.
Strategic Alliance
Businesses in the modern business environment are increasingly faced with the need to develop effective strategies in order to improve their competitive advantage and increase revenue. As a result, businesses are increasingly forming strategic partnerships or alliances with other entities for several reasons. Strategic alliances between various businesses are mainly geared towards exchanging or publishing information, conducting joint trade shows or meetings, providing education and training programs, sale of products and services, and monitoring policy issues. Generally, strategic alliances take various forms depending on the nature of business, business objectives, and products, services or resources. Moreover, the nature of these alliances is largely influenced by conditions in the local market such as competition in the market.
As previously mentioned, business entities form strategic alliances with other for-profit entities for several reasons including distribution of products and/or services to a specific target of customers, joint development of products and…
References
Ahmad, S. (2014, July). Technology in Organizations. International Journal of Research in Business Management, 2(7), 73-80.
"Benefits of Strategic Alliances and Partnerships." (n.d.). ASAE: The Center for Association Leadership. Retrieved August 18, 2015, from http://www.asaecenter.org/AboutUs/content.cfm?ItemNumber=137633
Caldwell, C. (2012, October 3). Human Risk: Are Employees the Weakest Security Link? Retrieved August 18, 2015, from http://www.itbusinessedge.com/guest-opinions/human-risk-are-employees-the-weakest-security-link.html
Motis, J. (2007, February). Mergers and Acquisitions Motives. Retrieved August 18, 2015, from http://economics.soc.uoc.gr/wpa/docs/paper2mottis.pdf
Business in ussia
The ussian Federation occupies most of Eastern Europe and north Asia. It stretches from the Baltic Sea in the west to the Pacific Ocean in the East and from Arctic Ocean in the North to Black Sea in the south (Pearson Education, 2012). It is the largest of the 21 republics that make up the Commonwealth of Independent States. There are also 6 federal territories, 2 federal cities, 49 regions, 1 autonomous region, and 10 autonomous areas (Pearson Education, 2012). Norway and Finland borders the Federation in the northwest while Estonia, Latvia, Belarus, and Ukraine border it in the west. In the south it is bordered by Kazakhstan, Mongolia, China, and North Korea. ussia occupies a land area of approximately 17,075,500 sq km (Pearson Education, 2012).
ussia is spread over all climatic zones except tropical. West of the Ural mountains from the Black Sea to the Arctic…
References List
Kwintessential (2004). Doing Business in Russia. Retrieved from http://www.kwintessential.co.uk/etiquette/doing-business-russia.html
Pearson Education (2013). Russia: Maps, History, Government, Geography, Culture, Facts,
Guide and Travel. Retrieved from http://www.factmonster.com/ipka/A0107909.html
Russian Embassy (2012). Russian Geography-Regions of Russia. Retrieved from http://rusemb.org.uk/russiageography/
CADWAE: Case Study
Did CADWAE have genuine BFOQs (Bona Fide Occupational Job Qualifications) in its ad?
Do not forget to review the company's slogan as given in the above facts.
Be sure to discuss Petunia's point-of-view as well as CADWAE's position and defenses.
Use legal authority to support your position as well.
In general, it is illegal to discriminate against a job applicant based upon characteristics pertaining to "race, religion, gender, national origin, age or other protected status" ("BFOQ," 2015). However, in certain limited circumstances, if an employer can demonstrate that "no member of the group" he or she is discriminating against could perform the job, he or she may do so, under an exception known as Bona Fide Occupational Job Qualifications ("BFOQ," 2015). For example, airlines may have mandatory retirement ages for pilots because of safety concerns; religious institutions may favor candidates of a particular religion; and modeling and…
References
Moseley v. V Secret Catalogue, Inc. (2002). Retrieved from:
https://www.oyez.org/cases/2002/01-1015
Mote, S. (2014). Trademark considerations in choosing a business name. KC Sourcelink.
Retrieved from: http://www.kcsourcelink.com/blog/blog/2014/03/31/trademark-considerations-in-choosing-a-business-name
Business
How forces in and outside of business firms are changing the management task, altering business operations, and modifying stakeholder expectations?
Business, particularly those heavily emphasizing technology, are constantly changing. In many instances these changes are occurring due to a combination of internal and external factors. These factors often modify stakeholder expectation because the fundamental business itself has shifted. A very dynamic force that is changing the management task is that of globalization. Globalization is particularly contentious because it has no geographic limits. Competition can now come from anywhere at anytime. As such, management must be cognizant of the changing dynamics prevailing in their respective industries. The auto industry, for example, has directly felt the impact on globalization and stakeholder expectations. The auto industry prior to foreign competition was characterized by large fixed asset costs, hefty legacy and pension obligations, and slow innovation. However, through globalization the Japanese's were able…
Additionally, businesses must anticipate seasonal shifts in demand when allocating and anticipating costs. A toy company cannot assume that the revenue it enjoys after a Christmas marketing a 'hot toy' will be sustained all year 'round.
In terms of taking a long-term view, a business should treat its employees in an ethical fashion. If employees are treated in a respectful manner, they are likely to perform better and show more loyalty to the organization. Additionally, if a company is found to be exploiting its employees, as was the case of Nike and the 'sweatshop'-type conditions of its offshore operations, this negative publicity can deter individuals from buying from the company. Employee costs in the long and short-term, in terms of compensating employees for overtime and giving them reasonable benefits, must also be included in the business plan. Also, the possibility of stock options, should the company incorporate, is another issue…
References
Business plan for starting out, 2010, Score Retrieved September 4, 2010 at www.score.org/.../Business%20Plan%20for%20Startup%20Business.doc
The value of a business plan. (2010). Striding Out. Retrieved September 4, 2010 at http://www.stridingout.co.uk/business-planning/the-value-of-a-business-plan.html
.
One tactic which has made the John Doe group unique in the industry is its recognition of the importance of community in the viability of individual enterprises. Its damaged relationship with the communities in which it has sought to operate can be rectified by aspects of its model which are already in place. Though the company operates thousands of funeral service establishments from a centralized point of authority, its acquisition strategy incorporates the families who have owned and operated the newly purchased assets into the business plan. As a result, John Doe's holdings are hybrid entities, armed with the resources of a large parent company but endowed with the close community relationship of an independent business. Taking advantage of this model should be central to the company's overall reversal of its negative public image. This will demand that the new core of central leadership make an effort to increase…
Businesses are the cornerstone of a capitalistic society. Businesses often drive economic growth and overall societal prosperity. In many instances, business can enhance the overall quality of life of those living in civilization. Looking back briefly at history, provides a unique perspective of business as it relates to societal development. Currently, looking at a minimum wage individual living in America today, they are able to perform tasks and activities that many of the wealthiest individuals in society during 1900 could only dream of. The minimum wage individual can watch television, listen to music on a cell phone, use the internet and even control the weather within their vehicle. This has occurred primarily due to the profit incentive embedded in a capitalistic society. The same will occur with Alex, Bill, Carl, Devon, and Xavier as there farm business developments. These same principles are present for all Christians who want their business…
References:
1. Barnet, Richard; Ronald E. Muller (1974). Global Reach: The Power of the Multinational Corporation. New York, NY: Simon & Schuster.
2. Blumberg, Phillip I., The Multinational Challenge to Corporation Law: The Search for a New Corporate Personality, (1993)
3. Cadman, John William. The Corporation in New Jersey: Business and Politics,, (1949)
4. Conard, Alfred F Corporations in Perspective. 1976.
Business Database Technology
Scenario
The focus of this project is to design a database program for a company called Home Sweet Home that specializes in the management of properties on behalf of owners. The company offers a complete rental service for customers willing to rent furnished properties. The services delivered by the Home Sweet Home include advertising of properties in then local and national press. The company also carries out the interview and organize visit to prospective renters as well as negotiating the lease agreement. Once a customer rent a property, the company assumes the responsibilities of carrying out the regular property inspection.
Entities are the object used to track the database, and each entity is stored in the database. The entity assists in designing the ED (entity relation diagram). This paper identifies the entities that need to be used in the database design for the Home Sweet Home. The…
Reference
Hoffer, J.A. Ramesh, V. & Hiekki Topi, H.(2012). Modern Database Management (10th Edition) . Prentice Hall.USA.
Business Plan
The business that I am going to start is a small coffee microroastery and shop. The company will perform two basic functions. The first is a product function, the roasting of coffee beans. Green beans will be received by the company, roasted, and then both used in the shop and made available for a variety of retail channels. The second function will be a service function, based on the production and serving of beverages and light snacks. The staffing plan will be simple. The owner/manager/roaster will perform most of the management tasks associated with the shop. There will be an assistant manager who doubles with barista duties, as well as 4-6 part-time staff members, filling 3 FTEs in the barista/service function. This plan is based on experiences at other, similar operations, in addition to meeting a few other needs. One is the need to keep costs down, and…
Works Cited:
Inc. (2000). Cash vs. accrual accounting. Inc. Magazine. Retrieved November 13, 2012 from http://www.inc.com/articles/2000/04/19194.html
IRS.gov (2012). Limited liability company (LLC). Internal Revenue Service. Retrieved November 13, 2012 from http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Limited-Liability-Company-%28LLC%29
KPMG. (1999). Internal control: A practical guide. KPMG. Retrieved November 13, 2012 from www.ecgi.org/codes/documents/kpmg_internal_control_practical_guide.pdf
Perez, W. (2012). Types of business organization. About.com. Retrieved November 13, 2012 from http://taxes.about.com/od/taxplanning/a/incorporating_2.htm
There has been little in the way of fiscal policy, and the result has been entirely predictable. ith no particular influx of spending into the economy, the recovery has generally been quite weak. ith no fiscal policy tools on the horizon, it is therefore unlikely that any improvement to the recovery will take place.
International business is also an option for a company to improve its situation. If a company wants to sell, for example, running shoes, it has a number of options for this. The company could make the shoes in one country and sell them around the world. The company could also make the shoes in a number of different countries for local sale. It is recommended that the country should take advantage of economies of scale and produce in one country. Then, the company should sell the shoes all over the world. It can use local help…
Works Cited:
World Economic Forum (2013). Global agenda council on the role of business. World Economic Forum. Retrieved May 5, 2013 from http://www.weforum.org/content/global-agenda-council-role-business-2012-2013
Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine Retrieved May 5, 2013 from http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
Labonte, M. (2013). Federal Reserve: Unconventional monetary policy options. Congressional Research Service. Retrieved May 5, 2013 from http://www.fas.org/sgp/crs/misc/R42962.pdf
Business and Human esources
Apple Company Inc.
Apple was founded by Steve Wozniak, Steve Jobs and onald Wayne in 1976; however it was integrated in 1977. It is an American company which not only produces computer electronics, personal computers, portable devices and software but also sells them. Apple has been in this business since 30 years and in this time span, it has faced highs and lows in its economic activity. It is not only listed on the NASDAQ with the ticker of AAPL but it has a share in NASDAQ-100 and S&P 500 as well. In 2007, Apple gained extensive fame after the struggle of many years when it introduced the iPhone, iPad and iPod touch in the market (Flippone et al., 2012).
The Organization Today
Flippone et al. (2012) mentioned that Apple has 393 retail stores located in 14 countries since August, 2012. Apple is recognized as the…
References
DataMonitor. (2011). Apple, Inc. Company Profile. Data Monitor, annual Report, Company Overview.
Economist Intelligence Unit: Fertile Ground: Cultivating a talent for innovation. February 2009
Flippone, T., Youden, D., Pennington, K. And Fersht, P. (2012). Human Resources Transformation: Is It Driving Business Performance? HfS Research, Ltd.
The Global Innovation 1000: How the top innovators keep winning. Booz & company, 2010
This means that you must continually monitor and communicate about possible changes, pertaining to the overall scope of the threat. Once this occurs, is when an entity will have an effective security procedure that will adapt to the various changes that are taking place.
This is significant, because this information can be used to corroborate the overall nature of security threats that could be faced by the SME. Where, this information is useful in helping to identify and address possible operational considerations that must be taken into account. As a result, this will help to provide not only a glimpse of possible security challenges that will be faced, but it will also help to establish an effective IT security protocol.
When you compare this with the previous source, this information can be used to highlight specific security threats that the company we are examining could face. Where, it discusses the…
References
E Commerce Growth. (2010). Strategic E-Commerce Solutions. Retrieved from: http://www.sescommerce.com/ecommerce-growth.asp
Internet Usage Statistics. (2010). Internet World Stats. Retrieved from: http://www.internetworldstats.com/stats.htm
PEW Wireless Internet Usage Rising. (2010). Wireless Week. Retrieved from: http://www.wirelessweek.com/News/2010/07/PEW-Wireless-Internet-Use-Rising-Mobile-Content/
Reflective Writing. (2010). UNSW. Retrieved from http://www.lc.unsw.edu.au/onlib/pdf/reflective.pdf
A draft of this presentation is revealed below:
Whenever I was watching television, I found myself fascinated by commercials. They were my favorite thing on TV. They were original, creative and I though that the people creating them were very talented. But the commercials I used to love were generally created by large size companies, conglomerates even. I remember enjoying the Nike and the Schweppes commercials especially, as they were engaging and often interactive. But in the creation of these commercials, vast resources had been engaged.
Still, not all companies have the possibility of financing vast marketing campaigns. But all companies need to promote themselves and their products in order to succeed in this growingly complex, dynamic and competitive market place.
Our company aims specifically at this need for marketing support, especially on the part of small and medium size companies in the local community, for whom the hiring and…
References:
Armstrong, G., Harker, M., Kotler, P., Brennan, R., 2009, Marketing: an introduction, 9th edition, Pearson Education
Roberts, S., What is win-win negotiation? Negotiations, http://www.negotiations.com/articles/win-win-settlements / last accessed on April 11, 2012
Vervest, P., 2005, Smart business network, Springer
The small business management series -- establish business networks
Under this system, "each joint venture partner would separately account for and pay tax on its income and claim the proportionate share of joint venture expenses" (Ernst & Young, no date).
Liability is also limited in the joint venture under Australian law. It is worth noting that in this case one part of the joint venture "cannot make the other joint venturer liable for debts that they incur in the name of the joint venture, unless authorized under the joint venture agreement" (Cordato Partners, 2012). Thus, John cannot undertake a cost and then ask Fred to foot part of the bill. This is something that differentiates a joint venture from a partnership, and is worth taking into consideration, depending on how the two men expect to handle the operations and financing of the venture. This also makes joint ventures a little bit more complicated to manage than a partnership, because…
Works Cited:
ATO. (2012). Partnership tax. Australiian Tax Office. Retrieved April 22, 2013 from http://www.ato.gov.au/corporate/content.aspx?doc=/content/37484.htm&page=106
Cordato Partners. (2012). Joint ventures for real estate? Cordato Partners. Retrieved April 22, 2013 from http://www.vendorfinancelawyer.com.au/joint_ventures.htm
Ernst & Young. (no date). The Australian tax landscape. Ernst & Young. Retrieved April 22, 2013 from http://www.ey.com/Publication/vwLUAssets/The_Australian_tax_landscape/$FILE/The_Aust_tax_landscape_JBS.pdf
Net Lawman. (2013). Choosing a legal structure for your business: Partnership. Net Lawman. Retrieved April 22, 2013 from http://www.netlawman.com.au/info/partnerships-ins-and-outs-australia.php
This is further based on the following assumptions:
1. The company will charge $150 per hour for each client.
2. The company expects to spend at least 80 hours a year with each client.
3. The company expect to see at least 30 clients per year, which will generate a revenue of $150 x 30 x 80 = $360,000. For the purpose of this computation, this will be regarded as the selling price.
4. The company expects its yearly fixed costs to be $526,000. This fixed cost consists of the cost of staff remuneration, utility bills and advertising.
5. The company expects its variable costs to be about $344,000 a year, comprising of the cost of equipment servicing and maintenance, legal costs, and so on.
Given the above assumption, the company's yearly break-even point can be computed as follows:
The implication of the above computation is that LNS must service…
References
Graham J.R., Smart S.B., & Megginson W.L. (2010): Corporate Finance -- Linking
Theory to What Companies Do. Mason, OH: South-Western Cengage Learning.
Hubbard R.G., O'Brien a.P. (2009): Macroeconomics. Upper Saddle River, NJ: Prentice-
Hall
The existence and specialization of these three competitors materializes in the need for Creativity Sure to excel in the offering of the three types of products and services offered by challengers Karina Advertising, Falling Agency and Dorna PLC.
4.2 PEST Analysis
Political forces: The development of a full legislation within the advertising field has yet to become a complete process. ecent efforts have however limited the operations of advertising campaigns in the meaning of having eliminated all features that are not compatible with the product or which promise unrealistic outcomes, such as the tremendous loss of weight. Other issues regulated by the new laws refer to truth-in-advertising, product labeling requirements, online advertising and marketing, the advertising of specific products, telemarketing and direct marketing, and finally, regulations relative to environmental marketing (The Official Business Link to the U.S. Government, 2009). The new Obama administration has yet to take a new stand…
References:
Chesbrough, H.W., 2003, Open Innovation: The New Imperative for Creating and Profiting from Technology, Harvard Business Press School, ISBN 1578518377
Fabozzi, F.J., Peterson, P.P., 2003, Financial Management and Analysis, 2nd Edition, John Wiley and Sons, ISBN 0471234842
Kellner, H., Heuberger, F.W., 1994, Hidden Technocrats: The New Class and New Capitalism, Transaction Publishers, ISBN 1560007877
LeClaire, J., 2000, Benefits of Advertising in Any Economy, Sign Industry, http://www.signindustry.com/management/articles/2002-10-31-JL-AdvertInDownEconomy.php3 last accessed on May 5, 2009
To run a business profitably, especially in the modern times where business is dome at the speed of thought, achieving business stability and growth can be made possible by setting goals that have to be achieved and using the proper tools and methods. (Elkin, 1998) Enhancing the business can be achieved by reaching the predetermined point where the investments match the output and there is a situation where the investment has begun paying. This point is called the break even point. In every business there is a great element of risk. A business becomes successful only when the risks are minimized. isks cannot altogether be eliminated but can be minimized. This is done by structuring the credit risk and adjusting the spending and other influential patterns of the entity. (Culp, 2001)
Sometimes the very core of the business need be redefined to achieve the objective of making profits. Strategic redefinition…
References
Culp, Christopher L. (2001) "The Risk Management Process: Business Strategy and Tactics."
Wiley. New York.
Elkin, Paul. (1998) "Mastering Business Planning and Strategy: The Power of Strategic
Thinking" Thorogood. London.
Thus, the authors do not advocate an ethical free for all, for they acknowledge certain ethical broaches can result in corporate legal costs, thus resulting in executives violating the ethics of their profession -- but this is a more important ethical standard than either laws or social responsibility, stress the authors.
The authors also acknowledge that in the current environment, government regulations must be obeyed by businesses, else they face the costs of litigation. But Macham and Chester also question whether this is a good, namely if too many regulations exist and ultimately hamper corporate profits. In fact, they believe that in the ideal business environment, other than protecting property, the government should not regulate business at all, and rather internal ethical systems should govern the organization, ideally in a Friedman-like utilitarian fashion, taking into consideration the fate of stakeholders only so much as need be, for the organization to…
Works Cited
Boaz, David Editor. Libertarianism: A Primer. New York: Free Press, 1997.
Friedman, Milton. "The Social Responsibility of Business Is to Increase Its Profits." New York Times Magazine. 1 September 1970. Reprinted in Ethical Theory and Business, edited by Tom L. Beauchamp and Norman E. Bowie. Englewood Cliffs, N.J.: Prentice-Hall, 1993.
Macham, Tibor and James E. Chesher. A Primer on Business Ethics. Rowman & Littlefield: 2003.
hen this happens, actuaries can use the data that was collected to provide a clear picture of what is taking place inside the various segments of the firm. ("Sarbanes-Oxley Act") (Holland)
Obtaining a complete list of all business units is where the off the books activities and any type of outside partnerships are disclosed to managers. This helps them to determine the extent of these arrangements on the company and the impact of the actions of other entities. Once this takes place, is when actuaries will have a better understanding of what is occurring and how this is contributing to the corporation's growth. ("Sarbanes-Oxley Act") (Holland)
Performing a risk assessment is when executives will determine if there are any kinds of actions that pose a threat to the firm. This allows them to see if questionable areas are a possible danger and the lasting impacts it will have on the…
Works Cited
"Sarbanes-Oxley." Deloitte, 2010. Web. 29 Jun. 2013.
"Sarbanes-Oxley Act." Price Waterhouse Coopers, 2004. Web. 29 Jun. 2013.
"Sarbanes-Oxley Act 2002." Investopedia, 2013. Web. 29 Jun. 2013.
Holland, Jessica. "Ensuring Compliance with Sarbanes-Oxley." University of South Carolina, 2006. Web. 30 Jun. 2013.
Independent dealers must sign a contract that sets forth the manner in which they will operate their rental centers. Often a small business owner will supplement their income be adding U-Hauls to their market mix. Independent contractors earn a commission on their sales.
Each division of AMERCO has it own president. All of them must report to a Board of Directors. The Chairman of the Board and overall President is Edward Shoen, descendent of the original founders of the company. Many members of the Shoen family still control much of the company (Google Finance). Little information is available about the company, aside from their financial statements. Although they have a Board of Directors, the company continues to operate as a family-style operation, with the family members occupying many positions in upper management. The company structure is simple and little is available beyond basic information.
Purchasing Contract Analysis and the UCC…
Works Cited
Ceh v. UHaul International, Inc., 11th district court of appeals, No. 04-10031.
A www.ca11.uscourts.gov/opinions/ops/200410671.pdf. Accessed January 22.
Company News; U-Haul's Parent Seeks Bankruptcy Protection." June 21, 2003. New
York Times. http://query.nytimes.com/gst/fullpage.html?res=9800EFDF173BF932A15755C0A9659C8B63 . Accessed January 23, 2007.
In that regard, even the protections available in more sophisticated societies cannot prevent major governmental corruption, exploitation, or unethical business practices in the private sector.
Therefore, the prospect of expanding our company presence to Kava does not obligate us to become more directly involved in Kava government or politics, but it does impose an obligation on our part to encourage the most beneficial organizational values and practices at every level. Business management principles must be shared in a manner that best cultivates a fundamental respect for human rights, equal rights, ethical principles of fairness and equity.
Naturally, in addition to attempting to instil socially responsible organizational values in Kava, our ethical responsibility requires us to determine a fair method of apportioning the measurable value that we derive from our Kava operations between the Kava people and our financial interests. It should go without saying that we will restrict our operations,…
The appendixes.
Answer number 3
The online community presents the reader with a multitude of information on how to write the business plan. A valid source in this sense is represented by Maire Loughran's article on the About.com website. Throughout this article, the author identifies a total of eight key elements to be integrated in the business plan. These refer to the next ones:
The executive summary which states the objectives of the plan
The provision of general information on the company soliciting the funds from the potential equity investors
The description of the products and/or services to be provided by the firm
The objective and factual analysis of the industry, the market and the competition encountered by the economic agent
The provision of more detailed company information, including primarily data on the managerial team, the organization and the ownership of the firm
The marketing plan as an integrated effort…
References:
Lavinssky, D., Key components of a business plan, Business Know-how, http://www.businessknowhow.com/StartUp/business-plan-parts.htm last accessed on September 19, 2011
Loughran, M., Business plan elements, About, http://artsandcrafts.about.com/od/businessplans/tp/elementsbusinessplan.htm last accessed on September 19, 2011
Stout, C.E., Grand, L.C., 2010, Getting started in private practice: the complete guide to building your mental health practice, John Wiley and Sons
Business Law and Christian Ethics
The terms limited liability and liability protection are often used interchangeably to describe business arrangements that limit the amount of a firm's liability, generally to the amount of assets held by the firm. In other words, those types of business arrangements protect an individual's personal assets from judgment should the person be sued in a professional capacity. One frequent example of a limited liability business arrangement is the limited liability partnership, which essentially "protects each partner from debts against the partnership arising from professional malpractice lawsuits against another partner" (Pakroo, 2013). In those instances, the liability limitation is not limited the individual assets of the partners, but also extends to property owned by the partnership.
Whether or not limited liability or liability protection aligns with a Christian worldview is a tricky moral question because it presupposes that all people who enter into those types of…
References
Pakroo, P. (2013). Limited Partnerships and Limited Liability Partnerships. Retrieved September 24, 2013 from NOLO website: http://www.nolo.com/legal-encyclopedia/limited-partnerships-limited-liability-partnerships-29748.html
Scalici, S. (2007, March 30). The Christian Taxpayer. Retrieved September 24, 2013 from Crosswalk website:
http://www.crosswalk.com/family/finances/the-christian-taxpayer-11535847.html
This would lead to a new round of calls for increased ethical standards. (De George, 2005)
Name at least three reasons why ethics are important to your job/profession or a job/profession you would like to work in Three reasons why ethics is important would include: it helps improve decision making, allows us to go beyond traditional business theories and it creates a culture of acceptable behavior within an organization. Decision making is improved, because executives can see the impact of their actions. Ethics help managers to choose the outcome that will have greatest impact, resulting in improved decision making. Once this takes place it allows, executives will be able to see what is occurring beyond traditional business theories. Where, ethics will shape how each theory is applied and to what degree. Over the course of time, the consistent application of ethical standards will become a part of the business culture,…
Bibliography
Business Ethics. (2010). National American University, 6 -- 146.
Securities and Exchange Act of 1934. (2010). Retrieved July 24, 2010 from Investopedia website: http://www.investopedia.com/terms/s/seact1934.asp
Crane, A. (2007). Why is Business Ethics Important. Business Ethics. Oxford: Oxford University Press, 9 -- 11.
De George, R. (2005). A History of Business Ethics. Retrieved July 24, 2010 from Santa Clara University website: http://www.scu.edu/ethics/practicing/focusareas/business/conference/presentations/business-ethics-history.html
We have decided to take this option for several reasons. Firstly, the size of our restaurant will be able to entertain almost 500 people and with such a large space we need a huge market to fill it up. Secondly, Americans of all age-groups dine-out regularly (almost 4 times every week, according to last year's statistics.) thirdly and lastly, this figure is only going to increase with time.
Selling tactics
Contending against both "informal-dining-steakhouses" and "family-steak-restaurants," we will be offering these benefits: (1) Low pricing for complete buffets, (2) customers will not be giving tips since the restaurant will be self-service, (3) giving speedy service to all customers at all times, (4) offering variety in meals all the way through the week and (5) diners can watch their favorite sports during their meals.
The sales annual projections for the next 3 years are summed up below in table 3 below.…
References
Hensley, S. And Donohue, M. (2009). Restaurant Industry Expected to Post Modest Sales Growth in 2009 as it copes with the Weakest Economy in Decades. National Restaurant Association. Accessed from: http://www.restaurant.org/pressroom/print/index.cfm?ID=1725
Bryson, J. (1995). Strategic Planning for Public and Non-Profit Organizations; Jossey-Bass: San Francisco,; 137.
Daniels, J. And Radebaugh, L. (1998) International Business: Environments and Operations, 8th edn. Addison-Wesley: Reading, MA.
Davis, S. (1984). Managing Corporate Culture. Cambridge MA: Ballinger.
It is as such necessary to assess it in light of the negative consequences it might generate, the resources available to the company so that it reduces the threat of the problem and finally, the criteria which need to be satisfied in order to state that the problem has been resolved (Principia Cybernetica Web).
a) Problem components: different views manifested primarily in cultural barriers (such as language barriers); lack of experience in the field of delivery services; the role of women in the workplace is still decreased and it has only improved recently as a result of the epidemics and the necessity for more labor force; gender discrimination could raise problems and it must be limited, if not at all eliminated. Bribery is also a growing problem in the region and the efforts of the delivery subsidiary could be easily compromised -- these problem components also represent the reasons as…
References:
Canwell, D., 1998, Marketing Campaigns, Cengage Learning EMEA
Wherther, W.B., Chandler, D., 2005, Strategic Corporate Social Responsibility: Stakeholders in a Global Environment, SAGE
2009, Our Company -- Mission, Strategy, Values, FedEx Website, http://about.FedEx.designcdt.com/our_company/company_information/mission_statement last accessed on August 10, 2009
2009, Our Customers, FedEx Multimedia Center, http://mediacenter.FedEx.designcdt.com/video/our_customers last accessed on August 10, 2009
For instance, if a business is keenly aware of the manner in which different conditions are effecting business relationships, that businesses to work to make the appropriate changes.
Stages of Development
All relationships are governed by stages. Business relationships are no exception to this rule. There are various characteristics that businesses must be aware of as it pertains to each stage.
According to Brooks (2008) that are four primary stages of business relationship development. These four stages of development are as follows:
Emerging - getting familiar with one another with test transactions. These test transactions are both financial and non-financial (Brooks, 2008). During this stage first impressions are made and businesses can determine the reliability, quality of products/services and whether or not the cost of the product/service is equivalent to the cost of the product. This stage is critical because it establishes the type of relationship that the businesses will…
Works Cited
Barry, J.M., Dion P., Johnson W. (2008) A cross-cultural examination of relationship strength in B2B services. Journal of Services Marketing. 22/2 114 -- 135
Brooks, N. (2008, December 3). Building Strong Relationships - Four Stages of Development, Four Phases of Connection. Retrieved June 12, 2009, from http://ezinearticles.com/?Building-Strong-Relationships-Four-Stages-of-Development,-Four-Phases-of-Connection&id=1694468
Hakansson, H. And Snehota, I. (2006) No business is an island: The network concept of business strategy. Scandinavian Journal of Management
Volume 22, Issue 3, September 2006, Pages 256-270
Inventory Management Strategy. In his book, Streetwise Project Management, Dobson (2003) advocates the use of a just-in-time inventory management strategy to keep inventories low and manufacturing process more productive. This approach, though, will require close coordination with a Brazilian supplier, warehousing operations, planners and forecasters, and transportation directors throughout the inventory management process. In this regard, Epps (1995) advises, that such an approach requires the efficient transportation of materials from outside vendors directly to the work-in-process area, where the required value added processes of the manufacturing operations take place, which is followed by the shipping of the finished products to the customer within a reasonable timeframe. This inventory management strategy can save manufacturers the costs of inspection, stocking, material handling, inventory tracking, carrying the inventory, and the dangers that are typically related to damage to parts and their tendency to become obsolete over time (Epps).
The just-in-time inventory management strategy…
References
Bolten, E.F. (1997). Managing time and space in the modern warehouse with ready-to-use forms, checklist & documentation. New York: AMACOM.
Boyson, S., Harrington, L.H. & Corsi, T.M. (2004). In real time: Managing the new supply chain. Westport, CT: Praeger.
Brazil. (2009). U.S. government: CIA world factbook. [Online.] Available: https://www.cia.
gov/library/publications/the-world-factbook/geos/br.html.
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