Business Essay Topics

Essay about A Good Business
A Good Business What the characteristics of a good business looks like?
The basic element of a good business is derived from good management. It is true since business is
run by individuals known as managers that perform specific business functions, such as
manufacturing and production, finance and accounting, sales and marketing, and human resource
departments. Identifying a good business is not an easy job; an understanding of Managerial
Economics is needed because it provides some tools, techniques of analysis and Economic concepts
to make good managerial decisions. The purpose of this paper is to identify some characteristics of a
good business and list names of the companies having these certain characteristics.
Most of...show more content...
When a firm's sales reach its peak, it works as a signal that new firms start to enter the markets and
the firm's sales and profit will start to decline. In this case, the role of management is very essential.
The firm has to manage its expansion plan, such as launch new products and entrance a new market
in order to compete with its competitors.
The most common and useful measurement of a good business is by calculating its profit through
return on stockholder's equity (ROE). ROE shows how much return that stockholders have earned
on the capital that have been invested by stockholders into a business. Net Income ROE =
________________ Stockholder's Equity
High rates of return on stockholder's equity indicate a good business performance and also high
growth rate of sales.
Besides steady growth of sales and high rates of return on equity, a good business must also have
strong brand equity. It is important for a firm to create an image of its products on buyer's mind so
that buyers become loyal to the firm's brand. Strong brand equity also generates higher profit since
consumers want to pay more because of the reputation that the product have; moreover, it works as a
powerful defense against new
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Business Development Essay
Business Development
Career Overview:
Business developmentВ—or "biz dev," as insiders call itВ—is all about growing your company's
bottom line. The job of the business development professional is typically to identify new business
opportunitiesВ—whether that means new markets, new partnerships with other businesses, new
ways to reach existing markets, or new product or service offerings to better meet the needs of
existing marketsВ—and then to go out and exploit those opportunities to bring in more revenue.
Business development is a cousin of marketing and sales, and even when an organization doesn't have
a stand–alone business development department, or professionals with the phrase "business
development" in their job titles, you can...show more content...
Next, as a business development professional, you'll need to think creatively on everything you
know about your company, its market, and its competitive landscape. This is the part of the job
where you identify possible ways to improve your company's sales, which can mean anything from
identifying new market segments (or individual potential clients) for your company to sell to, to
identifying new sales channels to sell through, to identifying other, related products or services in the
marketplace with which your company's products or services can be combined into synergistic, new,
"co–branded" offerings.
The next part of the job is prioritizing the new business opportunities you've identified. To do this,
you'll need to compare the potential returns of each new business opportunity to the costs your
company would incur to exploit that opportunity. Which means spreadsheetsВ—lots of spreadsheets.
Finally, the business development professional is tasked with making the new business opportunities
he or she has identified come to fruition. In other words, you'll be negotiating with those at other
organizations who can help you take advantage of the opportunities you've identified. And, if you're
good at what you do, you'll be closing deals with those other organizations to increase your
company's bottom line.
In terms of real–world examples: One thing you'll probably be doing as part of a business

Essay about My Business Idea
My Business Idea
In my coursework I intend to start my own business. I will devise my own business plan which
outlines my business proposal and the key aspects, during this I will need to seek good business
advice on the necessary steps I will have to make. As I go through the coursework I will show
evidence, examples and explain how businesses are set up, what types of businesses there are and
their similarities, the kind of targets businesses set for themselves and also the different objectives of
different stakeholders. For my business I plan to sell toys and other game products that educate
young children under the age of 11.
Starting up a business is difficult and risky. Anyone setting up needs to consider:
В·...show more content...
Most people though have to research their product. Businesses also have to decide how the product
is to be made.
Finance
=======
No businesses can be set up without finance. Most people who start their own business
underestimate the amount of money they will need to set up. They are often UNCAPITALISED
and this causes problems as the business expands. Some businesses have the potential to be highly
profitable but fail because they run out of cash at a crucial early stage in the life of the business. So
it is very important to work out how much money is needed to start the business and to identify
where the money will come from.
Identifying the sources of help
===============================
Most new businesses don not survive for more than three years of trading. However, their chance of
success is much greater if those setting up the business have received help from experts before the
launch. Many new businesses turn to Business Link or to their local
TEC. They can identify any grants, loans or benefits that are available from government or from
bodies like the Prince's Trust. They can also organise training in setting up small businesses that is
so often vital to the survival of the business.
The business plan
=================
Drawing up a business plan is very important. The business plan sets out how the business is to be

set up and

Essay On Business Structure
When brainstorming to start a business, it is essential to research the most efficient way to start a
company and all the liabilities that can happen. Business can become successful with the right
person in place and a unique idea. When making a company, it is crucial to determine the structure,
which organization to start with and the liability that is involved. When taking a closer look at five
different company structures Sole Proprietorship, General Partnership, Limited Partnership, S/C
Corporation, and Limited Liability. Which have not honored the contract and are at risk for legal
actions. The various liabilities between each owner will be discussed. Which will analyze ways to
limit liability and display my future business...show more content...
Now, A partnership is formed between two individuals and the agreement should be in a contract
form or writing. The next two types that are discussed are general partnership and limited
partnership. Silverbrand (2008) stated Partnerships are the primary form of business which larger
companies begin (p.167). Partnerships are simple to start, no required registration only within
certain states, and can end quite rapidly. A general partnership is where each partner is equal to
liability or any litigation consequences. In a limited partnership, the liability is limited equal to the
amount the limited partners at first invested. In fact, sometimes limited partners do not make
business decisions but, own stock within the company. Basically, an LLC, with its hybrid nature,
"provides owners...with the limited liability protection of a corporation, but without the potential
for double taxation" (Jordan & Clark, 1197). The income created from a general partnership of a
business is taxed as income earned by the person working for a different company. When starting a
partnership it is best to discuss the amount of liability that each partner is responsible for. Which,
will help when looking at the type of litigation described.
The most recognized companies are Corporations and LLC's. According to Sonderquist (2000)
Corporations are similar to limited partnerships

Business Organizations : Business Organization
Business Organizations
Task 1
7/14/15
Business Organization
Essentially, a business organization is a body that is formed for the aim of conducting a commercial
enterprise (Bank, 2004, p. 2).
Sole Proprietorship
Brief Description
A sole proprietorship is a form of business structure that is owned and operated by the same owner
simultaneously (Schneeman, 2012).
Characteristics
In this type of entity, it is difficult to draw a distinction between the owner and the business.
In the legal language, they are not incorporated and many a times not entirely viewed as a business
structure because there are no legal regimes governing their set up.
The owner is generally vested with absolute control of the enterprise and will be the sole employee.
The business structure is widely used by small investors due to the easy to set up nature.
Advantages
1.Compliance: the creation of sole proprietorship is not dictated by any legal formalities or
requirements. There running is also governed by few legal requirements. In essence, the creation and
running of such an entity involves less administrative expense (Schneeman, 2012).
2.Control: the owner of a sole proprietorship has absolute control over the business and the decisions
that are made. However, this does not mean that the owner cannot make any transfer of the sole
proprietorship.
3.Tax benefits: unlike in incorporated entities, sole proprietorship are not taxed separately from the
owner, they are absolved from

Business Is All About Money
Executive Summary
Business is all about money. All the activities done to run a business is to earn profits. It is an
economic activity. Be it a small business or big, it is important for an entrepreneur to have an idea
in mind as well as on papers too. When idea is in mind it is easy to assume that it is great and can
be turned into a successful business. But that is not the case, when an entrepreneur sits to write up
the business plan i.e. what is the vision and mission of the business, what are its objectives, what are
the critical success factors and how those factors would be worked out, then the real picture pops
out. While writing the business plan, entrepreneur can analyse how good the idea is, whether it can
be converted into the product that customer wants and whether it will make profits.
In this study I have researched about whether my idea of running a healthy soup salad and juice
cafГ© in Auckland can be a successful business or not. I have researched about the current market,
growth potential, which customers can be targeted, how the marketing can be done, what can be the
differentiation or competitive advantage, what kind of staff or skills would be required, who can be
the suppliers, what kind of further research would be required once the business starts, how much
time it would be required to launch the cafГ©, who are the current competitors and what services are
they providing, how the financial requirement would look like, whether I have that much money

Essay Motivation in Business
Motivation in Business
Thesis: Organization member can be effectively motivated by organizational leaders
Motivational Styles
Motivation is the ultimate goal of management in business, and the topic of multiple seminars,
books, and videos. Engendering the emotional energy of frontline workers is the most difficult
challenge facing organizational leaders worldwide. The is a difficult task because "most frontline
employees work for a regular paycheck and nothing more; they never emotionally connect with their
employers, let alone care about the company's long–term performance." (Katzenbach) By following
the principles employed by successful organizations, organization member can be effectively
motivated by their...show more content...
Johnson Controls, Hill's Pet Nutrition, and Toyota were cited as examples of companies that employ
this motivation technique effectively.
An equally valid generator of emotional commitment to the organization is to engage the
entrepreneurial spirit. This can be achieved by supporting personal freedom, giving opportunity for
high earnings, and having few rules about behavior. Organizational members are allowed to choose
their work activities and take significant personal risks. This autonomous work structure puts
individuals in control of their own destinies – those who savor the high–risk, high–reward work
environment will flourish in this type of environment. Examples of companies employing this
method are Hambrecht & Quist, BMC Software, and Vail Ski and Snowboard School.
Motivational Implementation
The tenor of the membership in an organization is set from the inception of the relationship.
Employees should be invested in from the first day on the job. Watching a video and reading the
mission statement are not enough – this is the best chance to inculturate new employees so that the
values and mission of the organization are made personal and a part of the individual. Because of the
importance, training should be done by the leaders who best exemplify the organization's values and
mission, not nubile workers who barely understand the organization themselves. The importance of
stressing values cannot be

My Business Essay
Personal Assessment:
After doing comprehensive research I come to the conclusion, that by opening a Restaurant with
Bosnian food would be very good business venture. By opening a restaurant with authentic
Bosnian food within the Bosnian community of fifty thousand people would be very profitable. In
a way risk free. My only concern is that this is my first time investing a large amount of money.
Bosnian Food is very unique. Most Bosnian people have very busy schedules and they don't have
time to cook. My restaurant would feature traditional Bosnian food and atmosphere to make people
feel as if they were in Bosnia. By opening this restaurant, families would be able to come to dine or
to take food home that would make them feel at home and...show more content...
This restaurants is located in the heart of the Bosnian community and other businesses.
Site Map
The location of my business would be in the Lincoln square area on the Northwest side of
Chicago. I would be renting the space. My restaurant is in a very good location and very
accessible. It is in center of the Lincoln Square area and is also very close to four major streets:
Lawrence Ave., Wilson Ave., Western Ave, and Lincoln Ave. and has public parking nearby for
customers. The Building in which I am planning to open my restaurant is very appealing. Building
was recently remodeled and has very good visibility. Next door to the restaurant is a old antique
store, gift shop and doctors office.
There is a no competition for my business at all. There are other restaurants in the area that offer
different kinds of food like American, Mexican, and German, but I am targeting the Bosnian
community and my restaurant would be the only traditional business in this area.
Legalities and Insurance
Business that I am planning to open it will be a service oriented business.
Legal form for my business will be Sole Partner Proprietorships. Sole Proprietorship has number of
advantages. As a Sole proprietorship you have

Business Plan
Business Plan for a Startup Business
The business plan consists of a narrative and several financial worksheets. The narrative template is
the body of the business plan. It contains more than 150 questions divided into several sections.
Work through the sections in any order that you like, except for the Executive Summary, which
should be done last. Skip any questions that do not apply to your type of business. When you are
finished writing your first draft, you'll have a collection of small essays on the various topics of the
business plan. Then you'll want to edit them into a smoothвЂђflowing narrative. The real value of
creating a business plan is not in having the finished product in hand; rather, the value lies in the
process of...show more content...
Include everything that you would cover in a fiveвЂђminute interview. Explain the fundamentals of
the proposed business: What will your product be? Who will your customers be? Who are the
owners? What do you think the future holds for your business and your industry? Make it
enthusiastic, professional, complete, and concise. If applying for a loan, state clearly how much you
want, precisely how you are going to use it, and how the money will make your business more
profitable, thereby ensuring repayment.
Page 5 of 31
III.
General Company Description
What business will you be in? What will you do? Mission Statement: Many companies have a
brief mission statement, usually in 30 words or fewer, explaining their reason for being and their
guiding principles. If you want to draft a mission statement, this is a good place to put it in the plan,
followed by: Company Goals and Objectives: Goals are destinations–where you want your business
to be. Objectives are progress markers along the way to goal achievement. For example, a goal
might be to have a healthy, successful company that is a leader in customer service and that has a
loyal customer following. Objectives might be annual sales targets and some specific measures of
customer satisfaction. Business Philosophy: What is important to you in business? To whom will
you market your products? (State it briefly here–you will do a more thorough explanation in the
Marketing Plan section). Describe your industry. Is it a

Startup Business Essay
The Highs and Lows of Launching a Startup Company What to expect when launching a new
company?
Starting a business? Then you may start thinking– "Which business would make me the most
money?", or "Which one's going to have the least hassle at the same time?". And if you've got your
decisions down on paper already, that's great!
Because the world, today, has come to a point where thousands of businesses spring out like
mushrooms every year, while thousands dissolve like grains of salt in a glass of water. According
to Small Business Association, 627000 new startups open each year.
There are online entrepreneurs, restaurant owners, small business owners, big corporation starters,
but if you ask any random business owner if it...show more content...
But your business needs employees, sales, and profits to grow and perhaps someday, manage to
look like a wonder. Yes, the boundless potential is there. But without the building blocks, it would
just be a huge rush. A rush to find clients, come up with advertising campaigns, analyze market data
to see if your product is actually going to do well. And at this point, the surrounding will look very
simple and ordinary, and at times ugly.
Nevertheless, this has a huge positive impact. This is going to make you appreciate your growth.
Since you've started from something that looks very modest, you will always look forward to
growing and build up. And when you are a fairly big company, you'll appreciate every ounce of it.
Rapid growth has to be your next tough action because after you have put the pieces together to build
a startup, it needs to start competing in the market. That being its sole purpose, it needs to get its
engines running right away.
But do you think it's easy to compete in the market today? Any business that you start already has
competitions, most of which are far ahead in the race as you are. And what got them there? There is
no one answer to this. Better employees, high–quality technology, bigger investments, more
production, and better reputation all can create a tough competition. They've got the wheel turning
way earlier

Essay about Business Challenges
1. The most significant challenge to business success you see in this rapidly changing global
economy;
One significant challenge to business success in this rapidly changing global economy is that
many business are focused on efficiency and economic of scales. Just like the example provided by
Michael H. Hugo on Chapter 1, many companies are focused on lowering operating cost as much as
possible. This is causing for executives not leave any room for unpredicted changes limiting the
company's ability to respond to customer's changing needs.
2. An organization that has been successful in the global marketplace using virtual teams and the
best practices it used (as discussed in Chapter 7 of Business Agility: A Sustainable...show more
content...
While this is a practice enforced throughout the company, it was necessary to make sure that this
communications were clear to the virtual team in order to maintain morale and the team's trust in the
company.
3. How the Marketplace simulation incorporates these challenges into simulation game play;
The Marketplace simulation incorporates these challenges by providing student with real–world
business problems and roles. Team members are challenged to make decisions and used critical
thinking in order to solve this problems virtually. While The Marketplace gives the team the tolls
necessary to have effective communication, ultimately each team members contributes to the overall
success of the team, just like in a real business situation.
4. How your readings and individual self–assessment work provide potential solutions to these
challenges.
The unit's readings have provided many solutions to the challenges businesses encounter nowadays.
To this day, there are many companies that have business plans that concentrate strictly in lowering
operating cost, cut budgets as much as possible and overwork workers that already are overworked.
Some of this solutions include: * Thinking of the costumer's needs and being able to respond to their
ever changing needs * Management needs to be transparent and make sure to communicate with
employees, especially when the organizations is making

Starting and Running a Business Essay
Starting and Running a Business Despite being an intimidating prospect for most people, there
are millions of entrepreneurs in the US. Some of them turn out to be very successful, others, not
so much. There are many steps to starting and running a business, but many of them can be easily
accomplished simply by filling out some forms, and several small fees. Businesses have been
around since the beginning of bartering, an apple for some wheat, a horse for a wife, a daughter
for a house. (In no way reflecting what I would trade) The startups of businesses across time have
never come easy, from cost, to hassle, to threat of beheading; there have always been obstacles in
starting a business. One of the hardest parts of being an...show more content...
This is ideal for most people who want to start a business and keep their home if something goes
wrong. The largest area a permit is good for is one county. If one wishes to operate outside the
county the license was issued in, they would have to get a license from that specific county. The
most important thing is starting a business is having a business plan. This is the only way any
bank will approve you for a business loan. [1] Without this business plan, the bank has no way to
analyze the business's performance thus far. The SBA offers a template for how to lay out a
business plan. The following is how a good business template should be formatted (from SBA.gov).
Writing the Plan
What goes in a business plan? The body can be divided into four distinct sections:
1) Description of the business
2) Marketing
3) Finances
4) Management
Agenda should include an executive summary, supporting documents, and financial projections.
Although there is no single formula for developing a business plan, some elements are common to
all business plans. They are summarized in the following outline:
Elements of a Business Plan
1. Cover sheet
2. Confidentiality Agreement
3. Statement of purpose
4. Table of contents
I. The Business A. Description of business B. Marketing C. Competition D. Operating procedures E.
Personnel F. Business

An Introduction to Business Essay
An Introduction to Business
Business plays a major role within our society. It is a creative and competitive activity that
continuously contributes to the shaping of our society. By satisfying the needs and wants people
cannot satisfy themselves, businesses improve the quality of life for people and create a higher
standard of living.
It is a way for individuals to provide goods and services to consumers, and at the same time, produce
a profit for themselves. Businesses are not only important because they provide goods and services
for consumers, but they also improve the economy and increase jobs for people within society
which is an additional fact producing a higher standard of living. To measure our societies standard of
...show more content...
International trade deficits occur when a nation imports more then it exports. The Decline of
Smokestack America is when there is a change from an industrial to a post–industrial economy.
Finally, the conservation of energy is so that there are a sufficient amount of natural resources
necessary to produce goods. General economic growth or stagnation also has an important influence
on business within our society. Many factors can affect it's condition, such as war, new inventions
and technology, political assassinations, the discovery of physical and natural resources, labor
negotiations, government action, and many others. When the economy is strong and the demand is
high, businesses can prosper. Regardless of how great the economy may become, businesses still
must compete with other firms for scarce raw materials and labor.
A businesses environment creates many opportunities as well as problems for prospering businesses.
The environment determines what a business can do by shaping and channeling its development.
Businesses function within an environment by allowing entrepreneurs to raise capital and create
profits freely. The supply of money available within a business as well as the economic stability
through times of growth and recession have strong effects on businesses. Not only is the physical
environment, including natural resources, pollution and energy as discussed previously, important,
but many other

Essay on International Business
Today's world of rapid increase in and expansion of technology is the reasons for recent International
Business growth. The rapid growth in international business makes an understanding of
organizational behavior all the more important for contemporary managers. Businesses have
expanded internationally to increase their market share, as the domestic markets were too small to
sustain growth. Business transactions are also becoming increasing blurred across national
boundaries.
Companies engage in international business to expand sales, acquire resources, diversify their
sources of sales and supplies, and minimize competitive risk. When operating abroad, companies
may have to adjust their usual methods of carrying on business. This is...show more content...
When dealing with international finance, risk is calculated in many different areas. Here, I will
discuss the financial risks associated with international business, with an emphasis on the risk of
foreign exchange rates. Country Risk When a business decides to become an international trader, one
type of risk that must be examined is the country risk. When a company accepts or approves credit to
a foreign customer, they are not only assuming the foreign company's risk, but also the country's risk.
Country risk analysis means determining the country credit–worthiness. In terms of the ability and
willingness of a foreign government to make available to local companies foreign exchange
necessary to service their foreign currency denominated obligations or debts to foreign suppliers.
(www.bcfm.com/financial_manager/szabo%20internationalfm98.htm)
Mitigation of Country Risk
One way a company can help to mitigate country risk is by fully researching the foreign country
they wish to do business with. This is accomplished by conducting a country risk assessment. This
assessment takes into consideration the probability of credit loss or delayed payment, and uses the
results to determine if the corporation will extend credit with the foreign business. Foreign
Exchange Risks Foreign exchange risks are often the result of country risks. Foreign exchange risks
can be defined as the ability and willingness of the

Introduction to Business Essay
Introduction to Business
Business plays a major role within our society. It is a creative and competitive activity that
continuously contributes to the shaping of our society.
By satisfying the needs and wants people cannot satisfy themselves, businesses improve the quality
of life for people and create a higher standard of living.
It is a way for individuals to provide goods and services to consumers, and at the same time,
produce a profit for themselves. Businesses are not only important because they provide goods and
services for consumers, but they also improve the economy and increase jobs for people within
society which is an additional fact producing a higher standard of living. To measure our societies
standard of living,...show more content...
Cultures surrounding businesses also play a major role. Abusiness must adapt to a changing society
with age, lifestyle, culture and location. When a business learns to adapt to these changes, it will be
profitable for both the business and consumers. Economic systems can be classified into three
categories. These include capitalism, socialism and communism. Pure capitalism is an unrestrained
freedom to buy, sell and compete. Private enterprises allow entrepreneurs to run businesses without
central government control and can operate within a free market. Capitalism is a system of true
private enterprise. Some aspects of capitalism are free choice, private ownership, private profit and
free competition. The only drawback of this type of system is that a company can operate with no
competition thereby creating a monopoly unfavorable for consumers. Socialism, on the other hand,
is a system where the production and distribution of industries are owned and operated by the
government. Officials directly manage some or all of the extraction of raw materials, manufacturing,
communication and transportation. This system is loosely regulated by the government. Finally,
communism replaces the operation of a free market almost entirely. Most of the rights enjoyed
within the capitalist system are denied and private ownership is prohibited. Business are controlled
by state planners and competition is almost

The Role of Business Essay
The Role of Business
Is Corporate Social Responsibility good for business or simply goodwill?
Introduction:
What is the role of business? Is it to generate wealth for the company and its shareholders, or is it
purely for benefiting the public? This is what I will attempt to answer in my essay.
There is more than one definition for corporate social responsibility. One way in which it can be
defined is the obligation of organisation management to make decisions and take actions that will
enhance the welfare and interests of society as well as the organisation (Daft, 2003). In other words,
corporate actions have social implications, and managers have a responsibility to act in ways which
Is being socially responsible actually good for business?
In one sense, social responsibility is good for business, according to those promoting the idea. It
has been said that it enhances the public image, and this is mainly due to it being publicised by
media coverage or through simple word of mouth (Boddy, 2005). It has also been said, that being
increasingly socially responsible, companies can avoid intervention from the government (Boddy,
2005). This could be because they are reducing emission from their factories or offering a large
amount of jobs in an area where there is high unemployment.
Some companies adopt a more socially responsible approach as it ties in with their business strategy.
Here, the company places corporate social responsibility at the very heart of the business, maybe
due to the underlying beliefs and values of the original founders and senior managers of the
company. An advantage of this is that their activities can gain extensive media attention; therefore,
they can increase loyalty from customers and create a brand image with very little advertising. The
Body Shop, for example, from the start took a socially responsible stance. One of the firm's early
campaigns was the removal of animal testing for cosmetics. This stance worked well for the
company, creating a unique selling point, and helped it become a major retailing group.

Business Essay Topic: Forms of Business Organizations
It is important that the business owner seriously considers the different forms of business
organization – types such as sole proprietorship, partnership, and corporation. Which organizational
form is most appropriate can be influenced by tax issues, legal issues, financial concerns, and
personal concerns. This essay explains the general impression of business organizations. A Sole
Proprietorship, also known as the sole trader or simply proprietorship, is a type of business entity
that is owned and run by one individual and in which there is no legal distinction between the owner
and the business. The owner receives all profits (subject to taxation specific to the business) and
These articles include the name and address of corporation, objectives of the corporation, classes of
stock, and financial capital required at time of incorporation. There are many types of corporations
such as domestic corporation, foreign corporation, alien corporation, private corporation, public
corporation, initial public offering, quasi–public corporation, and non–profit corporation. The
elements of corporation include: a board of directors, preferred stock, and common stock.
There are many advantages and disadvantages of corporations. The advantages are: limited liability,
transfer of ownership, perpetual life, external sources or funds, and expansion potential. The
disadvantages are: double taxation, forming a corporation, disclosure of information, and
employee–owner separation.
Other types of business ownership include; a joint venture which is a partnership established for a
specific project for a limited time. S– Corporation which is a corporation taxed as though it were a
partnership (no double taxation) with restriction on shareholders. LLC which is a flexible form of
enterprise that blends elements of partnership and corporate structures. Co–op which is an
organization of individuals or small businesses that have banded together to reap the benefits of
belonging to a larger organization. Mergers which is the combination of two companies

Business Management Essays
Business Management The world of business has undergone radical and dramatic changes in the last
decade changes that present extraordinary challenges for the contemporary manager. A manager is
an organizational member who is responsible for planning, organizing, leading, and controlling the
activities of the organization so that the goals can be achieved. According to a widely referenced
study by Henry Mintzberg, managers serve three primary roles: interpersonal, informational, and
decision–making. Management is process of administrating and coordinating resources effectively
and efficiently in an effort to achieve the goals of the organization. The concept of management
within an organization typically occurs in an...show more content...
Controlling is monitoring the performance of the organization, identifying deviations between
planned and actual results, and taking corrective action when necessary. With all these four
functions that are involved in the process of management, if all are followed correctly the
organization will be properly ran and will have few complications. In every organization there are
managers, and every manager is classed on different levels in terms of the skills they need and the
activities they are involved in. Managers exist at various levels in the organization hierarchy. A
small organization may have one layer of management, where as a large organization may have
several. In most organizations there are three level of managers. The three level of managers are,
first line manager, middle manager, and finally the top–level manager. Managers at different job
levels have different job responsibilities and therefor require different skills. First–line managers
supervise the individuals who are directly responsible for producing the organization's product or
delivering its service. They carry titles such as production supervisor, line manager, section chief, or
account manager. First–line managers along with all the other managers are involved in three skills
conceptual, human, and technical. In each three different levels of management, each one of these

Solving The Issues Of The Business Essay
Introduction
The aim of this report is to identify and propose possible solutions to the issues the business may
have. It focuses on the major problems found on an initial inspection of the company and on the
best possible ways of dealing with them. The report is going to be divided in 7 parts plus
conclusion that are going to be focused on the 7 major problems found. It is going to involve
decision making and taking every problem and break it down until effective solutions are found –
within the possibilities of the company, and also my recommendations on the enterprise systems that
would help with the difficulties discussed.
Within this report there will be analysis of possible ways the approach of the organisation could be
improved using Enterprise Applications, and how possible softwares mentioned could improve
every aspect of the business.
Over ordering of stock
Over ordering the stock was the first problem found, as well as receiving poor quality goods from
the suppliers. The importance of having quality raw material should not be questioned and settling
for the stock that is received without trying to resolve the issue is only going to reflect on the final
product and the dissatisfaction of the customer. 'The market power of suppliers can have a
significant impact on firm profits, especially when the firm cannot raise prices as fast as can
suppliers.' (Laudon, 2010) It is important to have a systematic way of processing the stock from the
suppliers – therefore by

Business Leadership Essay
In corporate America the term used to describe a person in a position of power is "Manager". A
leader can be a manager, but a manager is not necessarily a leader. Leaders motivate, challenge,
and influence others to achieve goals. Great leaders have the necessary skills and attributes
which allow them to connect with the team and organization. Being a leader is not the same as
managing an organization. Leader's posses the interpersonal skills needed to influence others to
achieve a goal willingly. Leading is a major part of a manager's job. Leaders do not need to be a
manager to lead people, but managers must know how to lead as well as manage. Each person in a
company brings his or her own experiences, values, and beliefs to the...show more content...
Bova (2008) states that the following four characteristics are found in good leaders: they believe in
open communication, they do not stick with the status quo, they are selective in what they measure,
and they have passion for values and culture. Each characteristic is essential to a healthy
organizational culture. When an employee feels he or she has open communication with a leader,
they are more inclined to share if problems arise whether or not work related. Non–work related
issues may eventually take a toll on an employee's performance at work. However, with open
communication, an employee feels comfortable in apprising the leader of a situation so that
future problems are avoided. Not all managers are leaders and not all leaders are managers. The
biggest difference between management and leadership is people skills. In determining if a
person is a leader or a manager, Bova (2008) lists some differences with which many a person
would agree. One difference is that a manager directs people. Managers essentially tell employees
to get the job done. Many people work on autopilot until their work shift ends. However, people will
follow a leader. Leaders inspire others to want to strive for their best and to go beyond their normal
duties. Another difference between managers and leaders is that managers tend to control or
micromanage their department. Such management style causes employees to be unhappy and
possibly rebel. Under these types of

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