Use our essay title generator to get ideas and recommendations instantly
Asking for $2.5 million in loan to purchase and develop land and construct a 6,000-foot travel center.
Competitive issues -- Center will be located between Hwy 45 and 635; there is high visibility, good access, limited competition, good traffic potential.
Market segmentation -- Will offer gas, convenience store items, restrooms, showers, game rooms, trucker lounge, scales, parking -- meant to be a regular stop for truckers on busy U.S. route.
Staff -- Initially run by management team; with supplemental hourly wage staff for check out, cooking, dining, hotel maintenance, etc. Owners to take $50K each for salary, total payroll just under $500,000 per annum.
Silvera and Sons Coffee Export -- Prepares green Arabia coffee beans grown in Brazil for export to the U.S. (specialty roasters) and then sell to Brazilian wholesalers. Asking for investment to expand from 72,000 bags per year to 120-160 bags per year. Coffee differentiates because it…
Acme Consulting Business Plan. Retrieved from: http://www.paloalto.com/sampleplans/bpp7/enu/live/acmeconsulting_live.pdf
Interstate Travel Center Business Plan. Retrieved from:
Silvera and Sons Coffee Export Business Plan. Retrieved from:
Business Model Canvas
Combative Fighting Systems
Martial arts school that teaches Jeet Kune Do concepts / Kali / Brazilian Jiu-Jitsu
Opened July 1995
Westminster Ave, Westminster, Ca. 90630 (714) [HIDDEN]
Martial art instruction for children through adults.
Mixed Martial Arts (MMA) training, coaching. Physical fitness
More info online Google Ken Gabrielson Brazillian Jiu-Jitsu.
"Dirty Dozen," Gracie Jiu-jitsu Black Belts. Combative Fighting Systems.
Fighters trained: John "Machine" Lober
Todd Medina El Tiburon
Provide mixed martial arts training and coaching, including: Jeet Kune Do concepts / Kali / Brazilian Jiu-Jitsu
Provide an avenue for children and adults to develop physical fitness
"Dirty Dozen," Gracie Jiu-jitsu Black Belts, and Combative Fighting Systems
Superbly trained staff: John "Machine" Lober, Todd Medina, El Tiburon (have I got this right
Facility in Westminster, California
Chamber of Commerce, Westminster
Mixed Martial Arts Association (MMAFA)
International Mixed Martial Arts…
Osterwalder, A. And Pigneur, Y. (2010). Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers. New York, NY: Wiley.
The Business Model Canvas Nonlinearthinking.typepad.com. Retrieved http://nonlinearthinking.typepad.com/nonlinear_thinking/2008/07/the-business-model-canvas.html
Alexander Osterwalder: The Business Model Canvas. [Video.] Retreived https://www.youtube.com/watch?v=2FumwkBMhLo
How to create your Lean Canvas. LeanStack. Retrieved http://leanstack.com/LeanCanvas.pdf
"A strategic plan is not a wish list, a report card or a marketing tool. It is certainly not a magic bullet or a quick cure for everything that ails an organization -- especially if the plan winds up on the shelf. What a strategic plan can do is shed light on an organization's unique strengths and relevant weaknesses, enabling it to pinpoint new opportunities or the causes of current or projected problems"(Ten keys, 2010, TCC).
Simply the process of creating a strategic plan can be useful: "No matter how relevant its original mission, no organization can afford to shackle itself to the same goals, programs and operating methods year after year" (Ten keys, 2010, TCC). Strategic planning demands the continual reevaluation of methods and methodology. It provides standards of accountability for people, programs, and resources to ensure that no aspect of the organization becomes irrelevant.
The best planning process…
Strategic planning. (2009). FP&M. Retrieved March 26, 2010 at http://www.fpm.iastate.edu/worldclass/strategic_planning.asp
Ten keys to strategic planning. (2010). TCC Group. Retrieved March 26, 2010 at http://www.tccgrp.com/pdfs/per_brief_tenkeys.pdf
People and services are not easily moved among the various countries. Although securing work and permits in the United States for Mexican and Canadian immigrants, NAFTA has also caused considerable concern in terms of legislation.
This is particularly the case in Canadian lawmaking. Several disputes resulted from NAFTA trading activities in the country. Such disputes for example include gasoline additives and possible related health concerns and nerve damage (Weintraub, 2004). Canada was also engaged in a long dispute regarding a 27% duty on softwood imports to Canada. This lasted for years before it was finally resolved in 2006. Significantly however, the decision was not ratified by either Canada or the United States (Weintraub, 2004). According to the U.S. Court of International Trade, imposing the duty was contrary to the United States law.
Other problems include the fact that Canada has lost more than 10,000 companies to foreign takeovers since NAFTA…
CIA. (2010). CIA -- the World Factbook -- France. Retrieved February 16, 2010 from https://www.cia.gov/library/publications/the-world-factbook/geos/fr.html
Dow Jones Sustainability Index. (n.d.). Retrieved January 10,2010 from http://www.sustainability-index.com/
Glass, a. (n.d.) World Economy Vertical vs. Horizontal FDI. Department of Economics,
Texas a&M University. Retrieved February, 22, 2010, from http://econweb.tamu.edu/aglass/VerticalVsHorizontalFDI.pdf
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…
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
Business Plan -- ocky Mountain Sports Fishing, LLC
Definition of the Market
ecreational fishing is a multi-billion dollar industry in the United States, both for salt and freshwater. Conservative estimates show that there are upwards of 30 million individuals with more than a 1-2 time/annum interest in the sport. This has an overall impact on the economy of $125 billion (Williamson, 2012). Consumer demographics show that it is primarily a male oriented event. Mobility and technology have improved the sport in the last two decades, as well as maps, surveys, and handheld sonar and GPS devices. For this reason, as an organized sport, it is chiefly an upper middle and above income sport that also may require several thousand dollars in travel expense. There are even contests for ice and sport ice fishing in the U.S. And Canada.
Sport fishing is…
Hummel, R. (1994). Hunting and Fishing for Sport: Commerce, Controversy, Popular Culture. Bowling Green, OH: Bowling Green State University.
Kotelnikov, V. (2001, January). Customer's Perspective of Quality. Retrieved from E-Coach: http://www.100ventures.com/business_ guide / corsscuttings / bizsys_customer.html
Skorupa, J. (1991, September). Eco-Tourism Arrives. Popular Mechanics, p. 92.
Turban, E. (2002). Electronic Commerce: A Managerial Perspective. New York: Prentice Hall.
..ERP combines them all together into a single, integrated software program that runs of a single database so that the various departments can more easily share information and communicate with each other." (Pang, 2001) the work of Les Pang (2001) entitled: "Manager's Guide to Enterprise Resource Planning (ERP) Systems" published in the Information Systems Control Journal informs this study that over the past ten years an organizations have significantly experienced "changes in their core business applications. These applications have moved from a centralized mainframe platform towards distributed client-server architecture, changed from monolithic customized software systems to commercial off-the-shelf (COTS) system modules with graphical development tools and expanded from a local area network environment to one with the broad reach of the World Wide Web. usiness applications have changed to support the globalization of their organization with the addition of multisite and multicurrency functionalities." (Pang, 2001)
The desire of a great…
Preparing Financial Projections (nd) PlanWare - Creative Commons Attribution-onCommercial-NoDerivs License. Online available at http://www.planware.org/financialprojections.htm
Writing a Business Plan (nd) PlanWare. Online available at http://www.planware.org/businessplan.htm
ABC - an Introduction to ERP: Getting Started with Enterprise Resource Planning (2008) CIO Online available at: www.cio.com.
Pang, Les (2001) Manager's Guide to Enterprise Resource Planning (ERP) Systems. Information Systems Control Journal, Volume 4, 2001. Online available at
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.
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.…
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.
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…
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.
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,…
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
However, collection of information about customers, necessary as it in any form of relationship marketing, has different challenges on the Internet than in face-to-face marketing and/or data collection and research programs. First, web clients may often be anonymous -- consumers may be whomever they wish to be over the Internet and the researcher has no way of verifying such. Second, consumers are increasingly wary of providing personal information about themselves over the Internet for fear of cybercrime, misuse of data and even companies purporting to be market research and collecting information for something entirely different. Thus, the trust and accuracy level diminishes on both sides when someone is not physically present -- even though the amount of data collected and the cost per collection is quite low (Lee, 2001, 12-14). Sources of consumer information, then, must be vetted in a way to preserve their authenticity -- that information may be…
Bangs, David, (2002), The Business Planning Guide, New York: Kaplan Press.
Lee, O. (2001). Internet Marketing Research: Theory and Practice. New York: IGI Global.
SAP. (2011). Crystal Interactive Analysis. Retrieved from: http://www.sap.com/solutions/sap-crystal-solutions/query-reporting-analysis/sapcrystalinteractive/index.epx
Figure 1. epresentative Starbucks' Logo
Source: Hoots, 2010
Starbucks' Pricing Strategy
The company's pricing strategy varies from country to country (Andrews & Chompusri, 2003) but generally speaking, Starbucks uses a sales-oriented pricing strategy based on careful market research and customer analyses to identify pricing levels that the majority of their consumers are willing to pay for their products (Dawson, 2013).
Product Life Cycle of Starbucks
The company's product life cycle has expanded significantly over the past 45 years to include the wide array of products and brands noted above; however, when the company opened its first store in Seattle's Pike Place Market in 1971, the company only sold packaged roasted coffee beans (oos, 2013). The company has also made three unsuccessful sorties into the publishing world as well, including efforts to sell books and publish its own literary magazine (oos, 2013). The life cycle of these Starbucks' products are set…
Abhinandan, K.J. & Ashok J. (1999). Marketing information products and services. Ottawa:
International Development Research Centre.
Andrews, T.G. & Nartnalin, C. (2003). The changing face of multinationals in Southeast Asia.
New York: Routledge.
Threats due to weather include floods, earthquakes, hurricanes, tornadoes and blizzards. Planning for weather events should be very realistic in nature. Major weather events usually occur in 25, 50 and 100-year cycles. Disease outbreaks are also a big threat. A potential flu pandemic could be detrimental to many businesses. For example, the bird flu pandemic scenarios that are floating around are being modeled on the Spanish flu pandemic of 1918. That global outbreak killed 500,000 people in the United States and more than 20 million people worldwide. Since that time there have been two other smaller scale flu pandemics, each that killed hundreds of thousands of people. The flu is just one disease that can cause a business disaster situation around the world (Business Continuity during a Disaster, 2008).
ecent years have also shown that terrorism threats are a real possibility that needs to be considered. Terrorism is a great…
Aceh Post-Tsunami Reconstruction: Lessons Learned Two Years on. (2006). Retrieved
September 22, 2009, from the World Bank Web site:
Amato-McCoy, Deena M. (2006). Planning for Continuity. Retrieved September 23, 2009, from Bank Systems and Technology Web site:
The author of this report has been charged with offering some strategies that would be used to "define, prioritize and meet short-term goals." Short-term goals would be those that have an impact over the next one to four years, mostly. It will also be included how those goals would support flexibility over that same time period in an "ever-evolving world." Further, there will be an assessment of a "futurist context." Specifically, this would meant that strategies that would be used for long-term goals, meaning over the next fifteen to twenty years. While looking five, fifteen or twenty years down the road may seem like a stretch to many, it is important to plan things out in advance as much as is reasonably possible based on what is currently desired for the company and what is known about the proverbial playing field.
In terms of strategies and how…
Stanleigh, M. (2015). How To Develop a Systematic Approach to Prioritizing All Projects.
Bia.ca. Retrieved 14 October 2015, from https://www.bia.ca/articles / HowToDevelopaSystematicApproachtoPrioritizingAllProjects.html
Vanden Bos, P. (2015). How to Set Business Goals. Inc.com. Retrieved 14 October 2015, from http://www.inc.com/guides/2010/06/setting-business-goals.html
Some conventional building design, construction and maintenance practices create conditions that are capable of causing illness in healthy individuals or exacerbating illness in already sensitized individuals (Small, 2009). There are several factors that contribute to the overall health of a building. These include: cleanliness, thermal comfort, ventilation and air quality, lighting, noise, outside awareness and furniture (Hubbard, ice and Beamish, 2008).
The Bond received many acknowledgements in regards to its design. It received 34 awards along with massive media coverage making the return on its investment far greater than any expectations that had existed. A key change that resulted from The Bond project was the positioning of Lend Lease to take on the role of industry leader to promote development of green buildings across Australia. The sector for office buildings in Australia has its own set of unique criteria. Most office buildings are not owned by its occupants. The majority…
Document Helps Implement Green Building Codes. (2009). Professional Safety. 54(11), p18.
Garde, Ajay. (2009). Sustainable by Design?: Insights From U.S. LEED-ND Pilot Projects.
Journal of the American Planning Association. 75(4), p424-440.
Hubbard, G. Rice, J. And Beamish, P. (2008). Strategic Management: Thinking, Analysis and Action (3rd ed), Australia: Pearson Education.
business scalable? Discuss the limitations and challenges.
One thing that often holds companies back from scaling up is the presence of "irreplaceable" staff or management, or management that believes itself irreplaceable. A company is not scalable if the management duties cannot be delegated or trained. Too often entrepreneurial ventures rely solely on the time, energy, vision and skills of one person. Even before the financials are brought into play, Alison should carefully consider whether or not opening another location would even be possible within her vision of tight control and being involved in the minutia of everyday decisions.
Beyond whether or not the business is scalable in terms of Allison, the question then needs to be answered in terms of financial considerations. As she moves more inventory and can buy more inventory from jean manufacturers, her incremental costs will decrease based on her higher volume of purchases. One thing which…
planning can be described as the process through which a person or family organizes to reassign assets in expectation of death. This process is geared towards safeguarding the maximum amount of wealth possible for the identified beneficiaries and elasticity for the person before death. During the process of developing an estate plan, one of the main concerns for drafters of the plan is state and federal tax legislations. In addition to considering federal and state law, the process of drafting an estate plan includes several people such as the family, other relevant individuals, and selected charitable organizations ("Do I Need Estate Planning?" par, 1). Furthermore, estate planning process involves the individual's property or assets and their varying ownership forms and titles. Actually, some of the most common tools used in the process of estate planning include trusts, wills, power of attorney, and estates.
hile estate planning is used to address…
"Estate Planning." Legal Information Institute. Cornell University Law School, n.d. Web. 11 July 2013. .
Fuscaldo, Donna. "Why You Need an Estate Plan." Online Posting. Fox Business - The Power to Prosper. FOX News Network, LLC., 21 June 2013. Web. 11 July 2013. .
United States. Office of Media and Information Services. Do I Need Estate Planning? The State Bar of California, n.d. Web. 11 July 2013. .
UK resilience website and the London preparedness website both offer informative guidelines on what risks and threats face the country/city and how people can prepare for them. For example, on the UK Resilience site, a document entitled "Preparing for emergencies" can be downloaded. It addresses the risks that one should plan for, how to prepare for emergencies, how to prepare one's business for emergencies, and how to prepare one's community for emergencies. It is a succinct and cohesive guide because it does not just address one's own self or home but also one's workplace and one's community, which gives a great deal of comfort to users of the site as they can feel that they are not only safeguarding their own families but their own neighborhoods as well, creating the impression that there is strength in unity, numbers and people working together.
The London site is equally helpful in that…
A business plan is critical to the effectiveness of strategic planning in the program. The business plan is essentially a more comprehensive vision of the strategic plan . Where the strategic plan focuses strictly on objectives, and finding ways to achieve those objectives, the business plan discusses a wider range of factors. In particular more detail goes into things like analysis of internal resources. Understanding what the financial implications of strategy are is part of the business plan. The business plan also explains what resources might be available to the company and how those resources can be deployed to achieve the strategic objectives. Thus the business plan elaborates on the strategic plan, tying together more comprehensive factors such as finances, marketing, resources and leadership (Ballowe, 2010). Implementation is a major part of the business plan, and in that respect the business plan is more comprehensive in nature than…
Ballowe, T. (2010) What is the difference between a business plan and a strategic plan. On Strategy. Retrieved April 16, 2014 from http://mystrategicplan.com/resources/what-is-the-difference-between-a-business-plan-and-a-strategic-plan/
McNamara, C. (2014) Overview of non-profit program planning. Kent University. Retrieved April 16, 2014 from http://literacy.kent.edu/Oasis/grants/overviewprogplan.html
Textbook., Chapter 4.
Wilder Research. (2009). Program theory and logic models. Wilder Research. Retrieved April 16, 2014 from http://www.evaluatod.org/resources/evaluation-guides/LogicModel_8-09.pdf
Federal eserve Bank and the Importance of a Business Plan
This paper provides a discussion concerning the role of the Federal eserve Bank and why it is important for the American economy, followed by a description of the essential components of a business plan and financial statement and how these contribute to corporate success. Finally, a summary of the research and salient findings concerning the Federal eserve Bank and the importance of a business plan and financial statements to corporate success are presented in the conclusion.
The ole of the Federal eserve Bank and why it is necessary for the American economy
The central bank of the U.S. is the Federal eserve System which is tasked with providing five basic functions that are necessary for the American economy as follows:
Conducts the nation's monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy;…
Cicarelli, D. (2015). Write a winning business plan with these eight key elements. Entrepreneur. Retrieved from https://www.entrepreneur.com/article/235054 .
Overview of the Federal Reserve System. (2016). Board of Governors of the Federal Reserve System. Retrieved from https://www.federalreserve.gov/pf/pdf/pf_1.pdf .
Shim, J. & Siegel, J. (2007). Encyclopedic dictionary of accounting and finance. New York: M. J. F. Books.
Taylor, J. B. (2008, August). The importance of being predictable. Federal Reserve Bank of St. Louis Review, 90(4), 405-409.
Business and finance understanding were a foundational part of my formative years, as my father worked for Merryl Lynch for 25 years. He shared with me the desire to understand and incorporate the wisdom of how the market works and how finance is a part of every day life. In doing so he not only made me wise to the sometimes complicated nature of business but he shared his love for the concepts with me and in sharing I developed my own love for business and finance. The challenges of business and finance have become a part of the foundation that drives my decision and desire to achieve and succeed in both my own life and through the success of my abilities working with this foundational part of other's lives.
I have worked hard in my life to achieve things which many people only dream of doing. After high school…
Business Plan for a Financial Divorce Software
Business Plan Divorce Software
Business Plan relating to the Sales of a new Financial Divorce Software.
Business Plan relating to the Sales of a new Financial Divorce Software
Keys to Success
Legal Form of Ownership
Location and Facilities
Products and Service
Ps of Marketing
Financial Statements and Projections
evenue and Cost Estimate
Forecasted Profit and Loss Statement
Forecasted Balance Sheet
Financial planning is involved in every aspect of life. Individuals and businesses have to formulate their daily, monthly, and yearly budgets in order to achieve a balance between their incomes and expenditures.…
Association of Divorce Financial Planners, (2012). Divorce Financial Planning. Retrieved on July 7th, 2012, from
Blythe, J. & Megicks, P. (2010). Marketing Planning: Strategy, Environment and Context, 3rd Edition. U.K: Prentice Hall
Cadle, J., Paul, D., & Yeates, D. (2010). Business Analysis, 2nd Edition. Swindon: British Informatics Society
Francis, P. (2010). Creating the Marketing Executive of the Future Using Key Deming Principles, Journal of Executive Education, 9 (1): 127-138
However, while the majority of goods will see an increase in demand when prices decrease, the rate at which demand changes of will vary, and some products may see a faster increase than others (Baye, 2007). Additionally, in a few cases a decreasing price may undermine the value of the product, and may result in a decrease in sales, this is known as a Giffen good (Baye, 2007).
lasticity is a way of measuring the impact that a change in price will have on the demand for a product, and the revenues which are generated. If Will wants to maximize revenues, he can use the concept of elasticity in order to determine how prices for both the out of copyright and new books should be price.
The calculation of elasticity is relatively simple, if there is some historical data available indicating sales following a price change. lasticity can be calculated…
Elasticity is a way of measuring the impact that a change in price will have on the demand for a product, and the revenues which are generated. If Will wants to maximize revenues, he can use the concept of elasticity in order to determine how prices for both the out of copyright and new books should be price.
The calculation of elasticity is relatively simple, if there is some historical data available indicating sales following a price change. Elasticity can be calculated by dividing the percentage change in the demand by the percentage change in the price (Baye, 2007). For example, if there is a 50% decrease in demand following a 50% increase in price the calculation will be -50/50 = -1. In elasticity calculations is it is usual to drop the negative indicator (Baye, 2007). This means that for every 1% increase in price there will be 1% decrease in demand, and conversely for every 1% decrease in price there will be a 1% increase in demand. If this is applied to the sale of movies where he found that when prices decreased from $80 to $20 sales increased by 600% a sample plasticity calculation can be undertaken. In this case plasticity is calculated by dividing 600 by -75, which gives an elasticity of -8, or 8 because the minus indicator is dropped. This means that it was possible to calculate the change in prices, and that for every 1% decrease in prices there would be an 8% increase in sales. Where the increase in demand is greater proportionately than the decrease in price, there will be an overall increase in revenue, where the elasticity is less than one the proportional change in demand will be less than proportional change in the price.
With the case of the films, it was clear that the company was better decreasing prices in order to increase sales. However, the digitized books are a different matter, they are different product, and at the current time they are benefiting from the competitive advantage of diversification, as the technology is patented and Will does not believe that it can
Pros and Cons of Partnership as a form of business
Partnership is a form of business where one or more individuals come together for the realization of a common economic goal. As with other forms of businesses, there are numerous pros and cons that come with it. One of the primary advantages is the pooling of resources that can be used for the achievement of the common goal. These common resources can include capital as well as skills needed for the successful execution of the business objectives. Another advantage is the lower rate of taxation. The profits from the business is treated as personal tax and so, the slabs are much lower. Lastly, it offers a high degree of flexibility and is simpler than many other forms of businesses such as corporations.
Partnership comes with its disadvantages as well. Firstly, partners have a joint and several liability which means…
Hanson, Mary. (1998). The Business Adviser Partnership: The Pros and Cons. Bizadvisor.com. Retrieved from: http://bizadvisor.com/PartnershipProsandCons.htm
US Small Business Administration. (2012). Retrieved from: http://www.sba.gov/
Warren, Carl; Reeve, James; Duchac, Jonathan. (2011). Managerial Accounting. California: Cengage Learning.
Moore, Karl. Pareek, Niketh. (2010). Marketing: The Basics. New York: Taylor & Grancis.
Business report compares the two Australian service providers where by various aspects are critically looked at in respect to the design elements of a retail store environment. The elements are categorized into exterior facilities, general interior, store layout, interior displays and the social dimensions. Each of these design elements are categorically looked into differently taking into account the services being offered by the two chosen service providers namely Fadez Barbershop and Gloria Jean's Coffees.
The two chosen service providers are unique in their own way having been selected from different industries. Various design elements in comparison with the ussell's Model of affect are discussed and how they relate in different ways. ussell's model of affect talks about the various arousal levels that the consumers achieve when in contact with the mentioned design elements of a retail store environment, the interpretations and the impact they have that affects the buying decisions…
Adam W. (2011). Fadez Barber Shop. Retrieved September 16, 2012 from http://www.yelp.com/biz/fadez-barber-shop-newtown
Anna stahl, Kristina Hook & Petra Fagerberg, (n.d). Designing gestures for Affective input: An analysis of shape, Effort and valence. Retrieved September 16, 2012 from http://eprints.sics.se/145/1/PaperA.pdf
Authorstream, (2012). Crafting the Service Environment. Retrieved September 16, 2012 from http://www.authorstream.com/Presentation/aSGuest80925-757045-personal-environment/
Christopher Lovelock and Jochen Wirtz, (2004). Planning the Service Environment. Retrieved September 16, 2012 from http://tulip.bu.ac.th/~nisit.m/lovelock10.ppt
Business Financial Plan for Sweet Tooth Treats
Baking has always been a major part of my family life, and for generations there has been infamous cookie recipes past down from one cook to the next. Every holiday season, my cookies are notorious for being the best any gift receivers have ever had. Finally, I believe it is time to make my baking hobby and actual money making enterprise. I know I have the recipe, the potential customers, and options for both retail space and an online presence. The only thing missing is the initial push to make this hobby an actual business -- Sweet Tooth Treats.
Business Start Up Plan
The essentially product here is the various cookies, of different flavors and ingredients. I have several recipes for cookies, both permanent and seasonal variations. These products will be sold in both individual sales at a retail location,…
Colorado Small Business Association. (2012). The beginning balance sheet. Documents. Web. https://www.coloradosbdc.org/DocumentMaster.aspx?doc=4
Damrauer, Virginia Hire. (2010). One Good Cookie. National University. Web. http://www.academia.edu/346438/One_Good_Cookie_A_Business_Plan
Hub Pages. (2012). How to start your own cookie business from home. Small Business and Entrepreneurs. Web. http://kathrynvercillo.hubpages.com/hub/Start_Your_Own_Cookie_Business
Office of Financial Management. (2012). Generally Accepted Accounting Principles (GAAP). Accounting Principles. Web. http://www.ofm.wa.gov/policy/80.20.htm
Stakeholders may also exercise political power indirectly, for example, during protests by environmentalist on a government move.
Lastly, the stakeholders have legal power. Legal power means they can sue the business firm if they feel they unfairly treated by the business firm. This happens when they sue a corporation for damages due to harm caused by the firm on the stakeholder. An example is a lawsuit by customers for damages caused by consuming, or using unsafe goods or services, brought by employees damage caused by injury at work, or brought by environmentalists for damages on the environment either by water polluting, air pollution, or by harm to habitats and species of animals and plants (Weber & Lawrence, 2011).
In order to start a coalition with the stakeholders, the CEO needs to hold a first meeting with them. The meeting should have some characteristics, which include optimism, have energy, and signal…
Weber, J. & Lawrence, T.A. (2011). Business and Society. Stakeholders, Ethics, Public Policy,
3rd ed. Unites States, USA: McGraw-Hill Company.
Kokemuller, N. (2013). How Do Stakeholders Influence Business Activities? Chron. Retrieved from http://smallbusiness.chron.com/stakeholders-influence-business-activities-18754.html
Loewenstein, M., Holt, C. & Rabinowitz, P. (2013). Identifying and Analyzing Stakeholders and Their Interest. Community Toolbox. Retrieved from http://ctb.ku.edu/en/table of contents/chapter7_section8_main.aspx
The company shall have sales section, which shall be in charge of reaching market already created by the marketing team. We shall employ gorilla tactics whereby sales people are send to the client premises to discuss and delivery the service or make a deal.
The Biz online shall also have a group of sales representative based in the office. These sales representatives shall be tasked with outsourcing potential clients' telephone number and calling them. However, we intends to sale most of our services through online. Every client who would like to buy any of our services could simply login on our system and make payment through their Visa cards. Finally, Biz online intends to have a sales desk in the office as its long time objectives, to listen to clients, call clients and solve their query amicable.
This allows for greater levels of planning and cooperation, and fills in the information gap that currently exists between the factory floor and the rest of the supply chain.
Lexmark provides an example of waste. Recently, the company found itself with more than $1 million in scrap from one lot. Engineers had insufficient information to isolate and fix the problem, so were instead relegated to crisis control. With more accurate data from each step of the operation, the engineers could have been more involved in the process and made improvements along the way before it became a large-scale crisis.
Through web-based business applications, engineers can now examine a defective printer cartridge and then use a thin client to put a hold on the entire batch if necessary, regardless of its physical location (anywhere in the world)
In conclusion, it is apparent that e-business is making its mark on the business…
Alexander, Michael. (2001). Factory Floors Go Online -- Pioneering manufacturers close the final gap in their supply chains. InternetWeek; Manhasset; Mar 12, 2001.
2002) Automotive Design & Production. Cincinnati, 114(8), 70-72.
Steele, a.L. (2001). Cost drivers and other management issues in the JIT supply chain environment. Production and Inventory Management Journal. Alexandria, 42(2), 61-68
Drickhammer, D. (2001, May 21). Peak performance. Industry Week. Cleveland, 250(8) 36-40.
Planning Decision Making
Planning and decision making are two main and fundamental processes of an organization. Planning is one of the main factors with the help of which an organization can determine where it wants to be in the future. It is planning with the help of which an organization can determine as to what can be done in order to accomplish the mission and aims that an organization has. One of the basics that are followed during planning includes achievement of the objectives that the organization has. In order to have better planning, there are four main facts that are needed to be kept in mind by the planners in the organizations. These include mission, values, resources, as well as the environment of the organization as these are the four main facts that help in having better planning within the organization.
Decision making is the second important foundation of…
Beecher, J.A. (1996). Avoided cost: an essential concept for integrated resource planning. Water resources update (104).
Boutilier, C., Dean, T., and Hanks, S. (1999). Decision-Theoretic Planning: Structural Assumption and Computational Leverage. Journal of Articial Intelligence Research 11 (1999)1-94.
Dreu, D., Carsten K.W., and West, M.A. (2001). Minority dissent and team innovation: the importance of participation in decision making. Journal of applied psychology, 86 (6), pp. 1191-1201.
Kiker, G.A., Bridges, T.S., Varghese, A., Seager, T.P., and Linkovj, I. (2005). Application of Multicriteria Decision Analysis in Environmental Decision Making. Integrated Environmental Assessment and Management 1, pp. 95 -- 108.
Having this traditional silo-structured environment makes it very difficult to properly develop a curriculum surrounding service management. Because of this there is a significant gap that exists between the education received by business school graduates and the skills that they need to succeed in today's service heavy environment.
Non-traditional Business Skills and Tactics
Nontraditional business skills are often referred to as soft skills or people skills. These consist of the ability to communicate and understand people on an emotional level. These are often the skills that can determine the success or failure of a career (Thilmany, 2009). The skills are all related to human interaction. This includes most forms of communication, negotiation and leadership. Soft skills can be distinguished by different types such as informative, negotiating, listening, and communicative. Informative soft skills are those that send a message that has to be conveyed accurately. Negotiating or convincing soft skills is…
21 Business Skills Needed to Succeed. (2009). Retrieved September 22, 2009, from New
Horizons Web site: http://www.nhmn.com/COMMUNITIES/softskills/news/08-03-
Davis, M.M. And Berdrow, I. (2008). Service science: Catalyst for change in business school curricula. IBM Systems Journal, 47(1), 29-39.
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…
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.
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…
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
Business Plan Assisted Living Facilities
Residential and Day Treatment Facility
Residay Home and Residential Care provides assisted living solutions for senior adults. Residay Home and Residential Care is dedicated to making the provision of the highest quality care to senior citizens requiring or desiring an assisted living facility. Residay Home and Residential Care is located in the Tennessee Valley Area of North Alabama and is an alternative to the generally larger and less personal senior assisted living facilities specializing in the ability to make provision of a very high level of care in a smaller and more personal environment. Residay Home and Residential Care makes provisions of assistance to seniors in their activities of daily living including assisting with medication, meals, reminders, personal grooming, physical therapy and other such assistance. Further provided by Residay Home and Residential Care are opportunities for companionship, entertainment, and activities, which seniors enjoy…
Administration on Aging, Department of Health and Human Services (2005). Fact Sheets: Eldercare Locator.
Administration on Aging. (2004). Report to Congress. Long-term Care Ombudsmen Report, Fiscal Year 2004. Washington, DC: U.S. Department of Health and Human Services, Administration on Aging.
Agency for Healthcare Research and Quality. (1996). Medical Expenditure Panel Survey: Nursing Home Component. Retrieved from: http://www.ahrq.gov/data/mepsweb.htm#Nursing .
Alabama State Board of Health, Alabama Department of Public Health, Division of Licensure and Certification Administrative Code. Chapter 420-5-4 Assisted Living Facilities. Retrieved from: http://www.alabamaadministrativecode.state.al.us/docs/hlth/420-5-4.pdf
Planning and Control
Formulating Plans and Strategies
Bunge is a renowned organization that deals in agribusiness in as many as 40 countries offering the processing service of the products and produces from the farms as well as transport hence acting as the link between the production a t the farms and the final consumer. Bunge also deals in the production of renewable fuels, animal feeds, sugar, flour, fertilizers and oil among other products (Bunge Limited, 2011).
Bunge SWOT analysis
The company has several strengths one of them being the fact that they are involved in diverse agribusiness ventures. As noted above, they deal in a range of farm produce and products processing as well as transportation of the goods form the farm to the clients hence enjoying the advantages of economics of scale and hence being able to offer their clients a variety of products in a…
Bunge, (2006). How the Brazilian real Affects Bunge. Retrieved September 13, 2014 from http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDI5NzM5fENoaWxkSUQ9NDQ3MTIzfFR5cGU9MQ==&t=1
Bunge Limited, (2011). Company: About Bunge. Retrieved September 13, 2014 from http://www.bunge.com/About-Bunge
Market Publishers, (2010). Bunge Limited (BG) - Financial and Strategic SWOT Analysis
Review. Retrieved September 1, 2014 from http://pdf.marketpublishers.com/global_data/bunge_limited_bg_financial_n_strategic_swot_analysis_review.pdf
Finally, increasing repeat business through expanded customer loyalty efforts would help to increase sales.
Threats abound. A longer than expected recession could lead to more sagging demand for premium-priced coffee. An ongoing recession will also continue to make it difficult for Starbucks to impose additional price increases at a time when U.S. operating margins are falling because of increased labor and utility costs and increasing coffee prices (MCRoskey, 2008). Dunkin' Donuts and McDonald's are fierce competitors at lower-price points and could always scale up to offer more premium-based products. The company's international expansion plan is extraordinarily aggressive and customers may find that it has failed to meet their cultural expectations for cafes and coffee. This expansion is coming at a time when the company is experiencing problems in its established global markets. Continued growth could further erode the company's brand image and lead to commoditization that threatens the company's ability…
Helm, B. (2007, April 9). Saving Starbuck's Soul: Chairman Howard Schultz is on a mission to take the company back to its roots! Oh, yeah-- he also wants to triple sales in five years. Business Week, 4029, p. 56. http://proquest.umi.com/pqdweb?index=2&did=1252343951&SrchMod e=2&sid=12&Fmt=3&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1235501315&c lientId=29440
McRoskey, R. (2008, August 19). Starbucks: Big investors' divorce grounds. Business Week. http://proquest.umi.com/pqdweb?index=0&did=1534482941&SrchMode =2&sid=13&Fmt=3&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=123
Rae, J. (2006, November 27). The importance of great customer experiences. Business Week, 4011, p. 32.
Given the scarcity of lever machines on the market and the unique nature of the niche market, price elasticity of demand is expected to be low. There may not be many prospective consumers, but those who want this product will be keen and are unlikely to be strongly price sensitive. The best price would therefore be at the high end of the range, $1,200. This means that the selling price to the distributor would be $600, for a contribution margin of $350 per machine when sold through the distributor, or $950 if sold through the company website. These figures have been included in the contribution margin analysis.
Marketing Issues -- Place
Distribution for a niche product is a tricky proposition. Consumers are often far apart, meaning that it is difficult to use a storefront retail location to reach these consumers. The Australian market -- in particular with respect to high…
AFP. (2008). Coffee culture grinds Starbucks' Australian operation. AFP. Accessed January 16, 2011 from http://afp.google.com/article/ALeqM5hh5ZejoZIuPexWy8T3R_zQIzELSg
Allen, S. (2011). Pricing strategy. About.com. Accessed January 16, 2011 from http://entrepreneurs.about.com/od/salesmarketing/a/pricingstrategy.htm
Brynjolfsson, E., Yu, J. & Smith, M. (2006). From niches to riches: Anatomy of the long tail. MIT Sloan Management Review. Vol. 47, 4, 67-71.
Carmody, K. (2004). Coffee culture. Sydney Morning Herald. Accessed January 16, 2011 from http://www.smh.com.au/articles/2004/04/19/1082326139253.html
All businesses are started with the intention of success, although this intention alone cannot guarantee immunity from failure. Whether or not businesses experience success or failure depends on several factors. Some of these factors are in the control of the business owners themselves, such as quality of management, while some factors are out of the control of the business owners, such as current economic climate. The following discussion highlights factors involved in why businesses succeed or fail, and how certain factors such as sex of the business owner or location of the business play into the equation.
avindran (2008) described how studies have demonstrated that approximately 50% of small businesses experience failure within their first four years of existence. This failure is most often a result of lack of knowledge regarding proper workings of businesses and poor management (avindran, 2008). Another crucial factor involved in the failure of…
Ravindran, N.. "Why businesses may fail: why some businesses fail and why some succeed is debatable. There are various factors behind business failures. We look at some common mistakes that can sink a business in no time." Today's Manager. Singapore Institute of Management. 2008. Retrieved March 12, 2011 from HighBeam Research: http://www.highbeam.com/doc/1G1-187622241.html
Robinson, Sherry. "Business failure rates: a look at sex and location.(Statistical table)(Survey)." Academy of Entrepreneurship Journal. The DreamCatchers Group, LLC. 2007. Retrieved March 12, 2011 from HighBeam Research: http://www.highbeam.com/doc/1G1-175065812.html
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,…
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…
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
Reasons for Failure
usiness failures have become a properly investigated field of study in the past few years as a struggling economy and an overall difficult business environment have combined to discourage potential entrepreneurs from entering the market place and to cause many existing business owners / entrepreneurs from continuing their endeavors. This interest in business failures is precipitated by the fact that the number and nature of business failures impacts negatively on the overall business climate and examining possible causes in an effort to forestall further such failures is vital to maintaining a healthy business environment. The emphasis in recent years has shifted from examining why and how businesses fail toward an analysis of how to avoid and prevent business failures.
The failed business that I chose to review was a small ice cream / restaurant in my neighborhood. The name of the business was Charlie's Ice…
Goltz, J. (2011, January 5). Top 10 Reasons Small Business Fail. New York Tmes .
U.S. Small Business Administration. (n.d.). Standard Operating Procedures. Retrieved May 25, 2011, from SBA:
As happened with many service businesses during a recession, Jazz Event Productions experienced a drop in revenues in 2010. For a company that has grown steadily throughout its 15-year history, it was an unwelcome first. The decrease in sales occurred primarily because companies faced with tough economic choices because of the recession either cut back or eliminated entirely their budgets for special events. hereas many of our loyal customers continued to trust us to produce their special events just as in past years, others were operating with reduced budgets. As a result, Jazz experienced a period wherein sales dropped by about five percent.
ith the improved economy, sales have returned to pre-recession levels, however, because they are cautious and careful owners who want to perform their due diligence, Alex and Cindy are looking for ways to ensure that the company stays profitable. They believe that the best approach,…
Bansal, P. & Roth, K. (2000). Why companies go green: A model of ecological responsiveness. Academy of Management Journal, 43(4), 717-736. Retrieved from http://www.jstor.org/stable/1556363
Cronin, J.J., Smith, J.S., Gleim, M.R., Ramirez, E., & Martinez, J.D. (2011). Green marketing strategies: an examination of stakeholders and the opportunities they present. Journal of the Academy of Marketing Science, 39(1), 158-174. doi: 10.1007/s11747-010-0227-0
Hartmann, P., Ibanez, V.A., & Sainz, J.F. (2005). Green branding effects on attitude: Functional vs. emotional positioning strategies. Marketing Intelligence & Planning, 23(1), 9-29. doi: 10.1108/02634500510577447
Internal Revenue Service. (2011). Qualified plug-in electric drive motor vehicles (IRC 30D). Retrieved November 22, 2011 from: http://www.irs.gov/businesses/article/0,,id=214841,00.html
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…
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.
In need of research on a variety of items I approached the internet in search of what was needed. The information I was in need of included data concerning; 1) financial needs, 2) regulatory issues, 3) SBA information, 4) offices supplies and equipment, 5) print costs for literature, and 6) current tour offerings.
I discovered that the financial needs for my travel agency would be relative minimal based on the fact that (initially) the company only needed to support one employee (me). A small office space could be rented on a month to month basis for approximately $300 and the office would be supplied with a desk, a cabinet, chair, lamp and desk phone. The office is in a shared space building, which also provides a shared receptionist. A shared receptionist answers the phones for all the offices in order to make it seem as if smaller companies…
As a result, we expect to hit the market with premium pricing. The price point will also be set in accordance with the data gathered from our target market research.
A promotional message will need to be finalized and an advertising agency selected in order to help us build our promotional campaign. The promotional message will vary depending on the target market, focusing on different elements of the product. Two main features of all promotions, however, will be building brand awareness and promoting the product's innovative technology. Building brand awareness is critical because the brand is unknown at this time. By developing a brand, we will be positioned to extend that brand in the future. The main selling point of the device will be the technology. This message will be positioned more in light of what this technology allows the customer to do -- the coolness of the device is…
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…
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.
Finally, Change in approach is a more tactical answer to Change Character. It is using specific techniques to engender change within and organization or population (Chapman, 2005).
Discuss the difference between business development based on problem solving vs. business development-based learning. Within any organization, individuals tend to see themselves as cogs in the wheel, not really making much of a difference to the success or failure of the organization as a whole. It is really at the micro level that change (learning, evolution, etc.) takes place. The enemy is not external; it is falling into an internal rut and seeing only the short-term, instead of broadening the picture. Learning is not easy; people, and therefore organizations, are sometimes resistant to movement. However, thinking about one's position within an organization as a critical part of the whole, dedicating oneself to team learning, "suspending assumptions and entering into genuine thinking together" allows…
Annacchino, M. (2007). The Pursuit of New Product Development. Burlington, MA: Butterworth.
Bradley, F. (2003). Strategic Marketing In the Customer Driven Organization. New York: Wiley.
Chapman, A. (2005, January). Change Management. Retrieved September 2010, from Businessballs.com: http://www.businessballs.com/changemanagement.htm
Frappaolo, C. (2006). Knowledge Management. Mankato, MN: Capstone Press.
Governmental CS policies do not only assist consumers or organizations, they assist both the consumer and the organization (The Impact of Government egulations on Corporate Social esponsibility - How Government Policies Shape CS, 2009).
It is often said that international environmental laws do not differ from one another. European environmental regulations are very similar to the U.S. environmental laws. The United States Environmental Protection Agency has set up a database that contains all of the contaminated lands in the U.S. This database includes existing and formerly contaminated lands. The European Union, especially France has also put into place databases to track existing and formerly contaminated lands within France. These efforts are there to protect the public from coming into contact with contaminated lands. International governmental environmental policies do not differ from one another in the fact that they all seek to protect the public and the organizations (The Impact of…
Emani, Gazelle. (2010). BP Oil Spill: 7 Secrets BP Doesn't Want You to Know. Retrieved July
19, 2010, from The Huffington Post Web site:
Freeland, Chrystia. (2010). What's BP's social responsibility? Retrieved July 19, 2010, from The
For a product configuration system to be effective it must be able to submit orders directly into production while at the same time being able to determine what the Available-To-Promise (ATP) ship dates are (Mendelson, Parlakturk, 2008). Instead of just giving the standard four to six weeks I'd also integrate the product configuration systems to supply chain systems to ensure that accurate Available-To-Promise (ATP) dates (Gunasekaran, Ngai, 2009). I'd use this as a competitive differentiator to ensure that customers could be very well informed as to when their sofa or furniture was going to arrive. All of these systems would also be integrated to an analytics system so it would be possible to know what the status of orders and shipments were on a continual basis.
Gunasekaran, A., & Ngai, E.. (2009). Modeling and analysis of build-to-order supply chains. European Journal of Operational esearch, 195(2), 319.
Johansson, Johny K.,…
Gunasekaran, A., & Ngai, E.. (2009). Modeling and analysis of build-to-order supply chains. European Journal of Operational Research, 195(2), 319.
Johansson, Johny K., & Nonaka, Ikujiro. (1987, May). Market Research the Japanese Way. Harvard Business Review, 65(3), 16.
Kate Maddox. (2006, April). Microsoft research paves way for 'People Ready'. B to B, 91(4), 62.
Lorne McMillan & Brenda Ng. (2007). Ethnography within consumer research -- a critical case study of Consumer Film Festivals. International Journal of Market Research, 49(6), 707-714.
0 applications. The survey also attempts to define the eturn on Investment from investing in social networking applications, and derives a figure of $1.9M by 2013, corroborating a figure from Forrester esearch.
Completing any research project designed to capture business-to-business (B2B) market data takes an approach to isolating respondents within each organization that have a role in evaluating the technology being studied. The survey methodology concentrates on the role of it staff in evaluating social media applications. It would have been more effective if the researchers had also concentrated on the line-of-business managers and those responsible for the performance of business units who could make use of social networking applications as well. The integration aspects of Enterprise 2.0, as the coordination point for legacy systems, are what the it staff most concentrated on. To make this a more effective study, the unmet needs of the line-of-business users also need…
Ashley Jones (2008, September). Studies Suggest That Enterprise Social Media Will Change the Face of Business. EContent, 31(7), 14-15. Retrieved October 11, 2008, from ABI/INFORM Global database. (Document ID: 1556481791).
http://www.econtentmag.com/Articles/News/News-Feature/Studies-Suggest-That-Enterprise-Social-Media-Will -- Change-the-Face-of-Business-50353.htm
Link to press release from Trampoline Systems:
One set of concepts from each area was utilized to explain how the situation at Grand Bois may have come about. The end goal of the authors was to "provide business practitioners, ethics teachers, and readers interested in corporate conduct with insights useful in understanding why managers may act the way they do."
It could be argued, according to Hamilton and Berken (2005), that Exxon managers had made a sound business judgment, based on facts that were not known, at the time. The industry still contends that the majority of exploration and production waste contains no harmful compounds, and that for this reason the disposal techniques that are used at the Grand Bois facility were not only cost effective, but also environmentally safe.
Just because the exemption of this waste for hazardous materials was brought about by political lobbying does not mean that it is not scientifically or justified.
Beschorner, T. (2006). Ethical theory and business practices: The case of discourse ethics. Journal of Business Ethics, 66. Retrieved December 1, 2006, from ProQuest database.
Bowen, M. & Power, F. (1993 Apr). The moral manager: Communicative ethics and the Exxon Valdez disaster. Business Ethics, 3(2). Retrieved December 1, 2006, from Business Source Complete database.
Call for an extra Exxon Valdex payout. (2002). Disaster Prevention and Management, 11(3). Retrieved December 1, 2006, from ProQuest database.
Carson, S. (2006 Mar). Gert's moral theory and its application to bioethics cases. Kennedy Institute of Ethics Journal, 16(1). Retrieved December 1, 2006, from ProQuest database.
Business easons for Supply Chain
Business easons for the Supply Chain Management
There are many factors or reasons why companies choose to invest in and grow their supply chains over time. The intent of this paper will be to analyze the most common reasons why supply chain management is such a critical part of any business strategy today. Managing supply chains effectively can mean the difference between launching a new product on time and at a high quality level
(Amini, Li, 2010), in addition to managing high variability in demand for a given product or service as well (Georgiadis, Tsiakis, Longinidis, Sofioglou, 2010). Supply chains are indispensible for managing any business effectively, across all manufacturing and service sectors.
Better Demand Management
Supply chains are a critical part of the complete value chains of a business and often the make the difference of their being able to fulfill demand or not…
Amini, M., & Li, H.. (2010). Supply chain configuration for diffusion of new products: An integrated optimization approach. Omega, 39(3), 313.
Barrett, J.. (2007, November). Demand-Driven is an Operational Strategy. Industrial Management, 49(6), 14-19,5.
Georgiadis, M., Tsiakis, P., Longinidis, P., & Sofioglou, M.. (2010). Optimal design of supply chain networks under uncertain transient demand variations. Omega, 39(3), 254.
Sawik, T.. (2010). Selection of supply portfolio under disruption risks. Omega, 39(2), 194.
Over the Moon Toys: A Business Proposal
The following pages contain a financial overview and qualitative description of a proposed retail venture. A need for an independent toy store located within the confines of the municipality has been identified, with a growing number of consumers seeking alternatives to the "big-box" retailers and lower-quality merchandise. The project description provides greater detail regarding the focus of Over the Moon Toys, the proposed business, including the impetus for the creation of this business, market and sales expectations based on a qualitative analysis of the local consumer base, and a discussion of the physical location within the community that might best serve this community and the proposed business. Following this project description, a work schedule breakdown and related financial details and estimates of the project are provided. A series of relatively simple yet highly interconnected and dependent tasks will lead to the…
Considerations for a Business Plan; Structure and Financing
Setting up a new business can be daunting; making the right decisions during the planning stages may prevent later problems. Two main issues are whether or not to take on partners and how to finance the venture. This requires consideration of advantages and disadvantages associated with different firm structures and the potential sources of financing that may be available.
There choices are sole proprietorship, partnership, limited liability company, and corporation. The sole proprietorship is one of the simplest, and also one of the most common business structures, and is administratively simple as the business is not have its own legal identity, but is an extension of the business owner. In this type of business there will be a single owner, which has some advantages; the owner has total control over the business, and as the income is classed as the individuals'…
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…
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:
FedEx is a corporation offering worldwide delivery services to other corporations, government entities, individuals and anyone who is interested in quick, efficient and safe delivery of documents and other packages throughout the world. As such, FedEx is constantly looking to expand into additional marketplaces and geographies. Understanding the local economies and cultures of the areas of expansion are key to a successful launch and ongoing profitability when servicing the new areas.
Considering all the various factors that can ensure a profitable expansion venture is an important part of the decision process. A recent report determined that "companies have more than enough data to tell them when, where and who is buying their product" (Neeley, arnica, Lorinc, Castaldo, McCullough, Nowak, Toller, Beer, Evans, Melanson, Barmak, McCullough, Shufelt, 2013, p. 36) but that is only part of the equation. Knowing who is buying your product does not necessarily equate into…
Kohls, B.M.; (2012) Going global, Economic Development Journal, Vol. 11, Issue 3, pp. 27 -- 34
Neeley, P.; Warnica, R.; Lorinc, J.; Castaldo, J.; McCullough, M.; Nowak, P.; Toller, C.; Beer, J.; Evans, M.; Melanson, T.; Barmak, S.; McCullugh, M.; Shufelt, T.; (2013) 35 Radical ideas to kick-start Canada's economy, Canadian Business, Vol. 86, Issue 5, pp. 36 -- 62
Pofeldt, E.; (2013) Grow the right way, Money, Vol. 42, Issue 10, p. 48
usiness Report: Adelaide Convention Centre
How Resource Requirements Are Determined
Why resources are acquired and allocated
How resource usage is and reported
The Adelaide Convention Centre was founded in 1987 with an aim to promote tourism and industry related economic activities in the area of South Australia. The center hosts banquets, cocktail functions, conferences, exhibitions, green events, meetings, product launches, school formals, weddings, and corporate events[footnoteRef:1]. [1: Adelaide Convention Center. "Our Green Commitment," Adelaide Convention Center. n.d. (accessed January 14, 2014). http://www.adelaidecc.com.au/planning-your-event/event-types/green-events.]
Part A: How Resource Requirements Are Determined
The current operational plans are mainly targeted towards providing a place for the business and local community to organize their events in the center. The center provides the place for the event including food and beverages. There are various partnering suppliers for floral, lighting, music, and other special arrangements. The resources required for the center can be divided into…
Adelaide Convention Center. "Our Green Commitment," Adelaide Convention Center. n.d. (accessed January 14, 2014). http://www.adelaidecc.com.au/planning-your-event/event-types/green-events .
Collier, Paul M., and Samuel Agyei-ampomah. P3-Performance Strategy: Strategic Level, Performance Pillar. Elsevier, 2009.
Tennent, John. Guide to Cash Management: How to Avoid a Business Credit Crunch. Vol. 109. USA: John Wiley & Sons Inc., 2012.
Business equirements Document
Miller Inc. looks forward to creating a data repository for all data collected that is beyond the current relational database it currently uses. The company has currently outgrown the relational database in Oracle that it currently uses. Though it enables data to be stored in different tables that can be linked together using record keys, the amount of keys and records makes it difficult to operate a standard relational database. The company thus needs to adapt database modeling in designing their data warehouse. This is the project. Data modeling extends the online transaction processing models that are common in relational database into data warehousing. The project goal is to develop an appropriate database schema to be designed alongside other components such as identifying metadata. The IT role is to model the data warehouse, implement and test it.
Scope of the project
The scope of the project…
Hughes, R. (2008). Agile Data Warehousing: Delivering World-Class Business Intelligence Systems Using Scrum and Xp. Chicago: iUniverse.com.
Humphries, M., Hawkins, M.W., & Dy, M.C. (1999). Data warehousing: architecture and implementation. Englewood Cliffs: Prentice Hall.
The new business will be a service business that operates as a small scale bed and breakfast. The hotel will consist of one large single family house that is rented by the room in a major metropolitan area that operates in a few independent niches. The first is that the house will rent a room to visitors on the emerging online platforms such as www.airbnb.com. This service allows homeowners to rent out their extra space to anyone that is interested online. Therefore users can actually stay with an individual or a family as opposed to staying at a hotel for a significantly reduced rate. There are many advantages to this model for both the customers and the room providers.
Another niche that will be targeted is that the house will represent a carbon neutral house that practices fully sustainable practices. The house will generate…
Benjamin, J., & Westin, J. (2014, August 9). Airbnb's threat to affordable housing . Retrieved from Daily News: http://www.nydailynews.com/opinion/airbnb-threat-affordable-housing-article-1.1897375
Mortgage Calculator. (N.d. ). Mortgage Calculator. Retrieved from Mortgage Calculator: http://www.mortgagecalculator.org/
Roberts, S. (2011, October 31). U.N. Says 7 Billion Now Share the World. Retrieved from The New York Times: http://www.nytimes.com/2011/11/01/world/united-nations-reports-7-billion-humans-but-others-dont-count-on-it.html?_r=0
The Economist. (2013, March 9). The rise of the sharing economy. Retrieved from The Economist: http://www.economist.com/news/leaders/21573104-internet-everything-hire-rise-sharing-economy
Planning Strategies in an Organization
Planning Strategy in an Organization
Strategic planning in a corporate organization is the process by which the latter defines its schemes, flow of work or organizational functionality and its decision making process. This is done by allocating necessary resources to quest after in the strategy. A planning strategy is enhanced by various components that include comprehension of the organization. They include the organization's vision, mission, values and strategies. A deeper and participatory planning strategic process connects the tactical vision to execution of organizations' strategies (Sinofsky & Iansiti 2009). This context majorly discusses the implications of having a mission statement and objectives in strategic planning processes.
A mission statement is a concise description of an organization's elementary purpose. It mainly answers the question "why are we established?" It enunciates a company's purpose for its members and for the entire targeted public. A notable organization…
Singh, S. P & Singh, V.K. 2011. Three-level AHP-based heuristic approach for a multi-objective facility layout problem. International Journal of Production Research. Vol 49, Issue 4. Pg 1105-1125.
Epstein, M.J. 2008. Making Sustainability Work: Best Practices in Managing and measuring Corporate Social, Environmental and Economic Impacts. New York: Berrett-Koehler Publishers.
Seker, Y. 2007. The Role of Mission and its Position within the Strategic Management Process. New York: GRIN Verlag.
Sinofsky, S & Iansiti, M. 2009. One Strategy: Organization, Planning and Decision Making. New Jersey: John Wiley and Sons.