Business Essays Samples

Business Plan-Example Essay
RUSH BAKERS& RESTAURANT (PVT) LTD
No 56 New Bus Stand
Nittambuwa
Telephone –0773892174
Fax–0338937268
Table of Contents
1.Executive Summary2
1.1Objectives
1.2 Mission
2.Company summary3
2.1 Company ownership
3.Start–up summary3
4. Products and Services4
5. Market Analysis Summary4
5.1 Market Segmentation
5.2 Target Market Segment Strategy
6. Strategy and Implementation Summary5
6.1 Competitive Edge
6.2 Marketing Strategy
6.3 Sales Strategy
6.4 Sales Forecast
7. Management Summary6
8. Financial Plan6
8.1 Important Assumptions
8.2 Break–even Analysis
8.3 Projected Profit & Loss
9. Summary7
1. Executive Summary
Rush Bakers & Restaurant (RBR) is a start–up bakery...show more content...
–People or family members who come to Nittambuwa for shopping and who will be looking for
walk–in food convenience feeling tired.
–Local travelers and tourists who are active restaurant seekers.
5.1 Market Segmentation
Rush Bakers intends to serve a wide range of customer base. Our market segment includes:
Young adults and business people
Families with children
Travelers and tourists
High–end singles or bachelors

5.2 Target Market Segment Strategy
The dominant target market for Rush Bakers & Restaurant is a regular stream of local residents.
.We can specifically divide the market into two segments, ordinary people with families and business
people.
6. Strategy and Implementation Summary
This business hopes to succeed by offering high quality foods and bakery products at a competitive
price and superior customer service at a friendly neighborhood–feel atmosphere.
6.1 Competitive Edge
The competitive edge of Rush Bakers & Restaurant is relatively low level of competition in the local
areas in this particular niche. Rush Bakers & Restaurant rely on two competitive advantages:
The importance of experience–The customer experience is extremely important as an effective way
of distinguishing offerings. When a customer has a good experience at a restaurant, the probability
of the customer repeating to the hotel is more and there is chance of sharing his
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Business Plan Essay examples
Describe the type of business you have created including: a. the product or service, and general
staffing plan. Provide a rationale for your plan. b. The form of your business and the benefits it
offers your particular business, c. A chart of accounts specific to your business, including a rationale
as to the selection of each account. (Note: The chart of accounts is a blueprint of your business for
the lender/investor. It should report the expected resources that you will consume in your business
(assets), the sources of those resources (liabilities and equity), the sources of revenue, and
expenditures that you expect to incur to earn those revenues. You may build a detailed chart that
includes business units, divisions, product...show more content...
Chris Forte chose to be a sole proprietor because sole proprietorships are mainly one–owner
businesses. Chris Forte can close it, sell it or pass it down to his heirs at any time. A sole
proprietor pays taxes as a part of his individual income tax filing. The costs of obtaining a license for
sole proprietors are substantially less than those for corporations. Start–up costs for sole
proprietorships are very low. The Startup cost for Shear Perfection Unisex Salon will consists of
the cost of the building (23,000) five salon stations, five master barber chairs, each station
requires a salon chair, cabinet, and a large mirror, shampoo bowl and a floor mat, five sit under
dryers will be located in the rear of the salon. All other miscellaneous items such as curling irons,
electric razor, several pairs of scissors, spray bottle, assorted combs and brushes all employees are
expected to provide for themselves. Shampoo bowls and floor mats. Located in the front of the salon
will be a desk for the receptionist, along with a computer for sales and booking appointments ,three
couches for reception area and two flat screen televisions to entertain our clients. Located in the back
of the salon will be an office for management with a computer for accountant purpose with a printer.
DescriptionCost Building Total Cost of Building23,000 EquipmentTotal Amount of Equipment
4,723 FurnitureCost to Furnish Salon 9,753

Essay on Business and Management: A Career for Me
Business and Management is a course I believe that I have the qualities and skills to create a
successful career in this area. Ever since I can remember, I recall always wanting to organise
everyone and give them certain tasks to do. In fact, even when I was just playing with my
friends. I remember how I used to organise all the plays and concerts that we did. I have been
inspired by my own Father a director of a successful business organization which has been
managed by him over years and also supporting him is a team of well qualified marketers who
really know how to move the margins of the companies supply and demand of goods worldwide.
This is a field which we encounter in our everyday life which involves with the buying, selling,
...show more content...
Also, I have worked for my dad during the holidays, which I partook in specialised positions in the
organisation like; going to the warehouse to check or count stock, managing a sector of the
business if I was assigned to, helped in the sales, delivery and also the marketing of the goods.
But, I feel the most important points I discovered so far from the time I've spent working with/for
my dad is firstly the ability to understand what drives a business, and the processes needed to help
resolve any barriers to continued growth and profitability. Secondly being able to look beyond the
numbers to the business trends and drivers, and thirdly being able to work to deadlines and handle
pressure.
I am indeed a social person, and always like to be involved or be a part of my local community,
where I help out in the anchoring, hosting and management of events both the non–profit and profit
based events. Also been involved with a charity organisation by which I was involved in both the
marketing and the management of the event.
I am now looking for an opportunity to further my personal development and career progression by
enrolling with a reputable university on a business management degree course. I want to learn more
about the

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 Communication Essay example
Business communication needs to become interpersonal again. No matter how we believe our
human forms came into existence, we were built to need personal contact and function best with
face–to–face communication. As children, we desired comfort from touch, a hug from our mothers.
As teenagers, we held hands with our boyfriend or girlfriend. As adults in the workforce, we still
need to feel that connection and comfort with our families and the people we work with. As Susan
RoAne (2008), owner of a speaking, consulting, and coaching business, discusses one way we feel
this connection is through getting to know and building trust by communicating in–person. Through
this interpersonal interaction, we not only feel more comfortable around...show more content...
For the greatest success of the business, employees need interpersonal communication to connect
with their co–workers. A leadership expert, John C. Maxwell (2010) says: "Connecting goes beyond
words." (p. 41). Physically being in the same room, verbally speaking thoughts, engaging in eye
contact, and being able to see nonverbal responses are all important and add to a person's
understanding of the message being communicated and feeling a connection. Overall,
communicating face–to–face is more natural for employees. An employee knows who is hearing
what they are saying and seeing their nonverbal gestures. The employee can either get immediate
feedback whether or not the person understands or agrees or disagrees. The communication does not
have to be formatted as it does on paper. An employee should still present themselves professionally,
but communicating face–to–face is a process, instead of format.
Through in–person communication, employees will be able to not only build needed connections,
but relationships and trust with co–workers in the business. Maslow's hierarchy of needs is like a
staircase, a person needs to satisfy the lower stairs to easily reach and fulfill the higher staircases.
If you refer to Figure 1 on page 9, social needs, feeling connections with people around you, are

The Future of Business
Discuss and provide examples of the changing factors that will influence business in the future (e.g.,
new investment techniques, new forms of communication, new management structure, new
technology, or new marketing techniques). Select 2 of the 5 identified factors and explain in detail
the factor that was chosen and provide an example.
New marketing techniques
Green marketing is very important as the problems of environmental protection are essential for all
countries all over the world nowadays. The recent researches give us evidences that anxiety
concerning nature pollution is increasing. The ecological security became primary for consumers.
Thus, it is high time to reconsider the understanding the nature as our habitat as well as...show more
content...
In summing up, all these elements are important and require serious consideration before being
executed (Pakroo, 22–26). The business plan of the company development should include all these
elements, because they will help building a working model of the business.
Review any additional ideas that you may have about how future business will work.
In fact, the core of any business plan is based on a specific type of business (Timmons et al. 2004).
This model shows how business creates profitability and success in the market. Four factors
determine correctly created a business model. Here are four factors that determine a wisely created
business model: 1. money; 2. definition of time; 3. competitive advantage; 4. basic skills. Firstly, it is
important to think about the source of profitability. At this stage of business development, it is
important to define whether the company will offer the products, services or both.
Today the ecological problem is very important in any sphere of our life and the existing data of the
problems of environmental protection showed that it is essential of nowadays research. The
ecological problems become primary in the minds of consumers. Green marketing is a structural
element of management of branch manufacture, can be realized on the basis of linear system when
ecological problems are integrated into already existing organizational structure on the basis of
expansion of duties of all levels of

Business Tourism Essay example
According to the ICCA there are two main types of tourism, leisure tourism and business tourism; the
IMEX defines tourism as 'the provision of facilities and services to the millions of delegates who
annually attend meetings, congresses, exhibitions, business events, incentive travel and corporate
hospitality"[1] however there is no commonly used definition for business tourism as there are many
different aspects to the terms of the meeting industry. Davidson 2003 and Swarbrooke 2001 state
that 'business tourism is concerned with people travelling for purposes which are related to their
work. As such it represents one of the oldest forms of tourism, man having travelled for the purpose
of trade since very early times.' [2]
Trends have a...show more content...
Each of these has a considerable affect on the business tourism industry and could help improve the ?
for shugborough.
Conferencing is one of the largest sectors of business tourism according to the British conference
market trends survey 2001 estimated to be worth ВЈ7.3 billion. There has been an increasing
investment into global conferences industry infrastructure since the 1960's, which shows how
important business tourism in terms of the economy adding to the existing leisure tourism
developments and prestige associated with high profile conferences. As it is situated in Milford it is
easily accessible from the M6 it makes it an ideal location to hold conferences, this would be
possible through the use of The Saloon situated in the mansion house, The Lichfield suite would also
be suitable for smaller business events. Shugrbough halls facilities has the ability to hold such things
as business meetings for example team meetings, annual meetings, and company award ceremonies.
The second of the main types of business tourism is exhibitions. An exhibition is 'a professionally
organized event that facilitates the meeting of buyers and sellers in a cost effective manner'
(business tourism partnership) [5]. Exhibitions are the 5th largest marketing medium

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

Business School Essay examples
Essay Question 2: In reviewing the last five years, describe a situation in which you felt particularly
effective as a member of team. (Limit 500 words)
Picture an environment in which a 14 to 16 work day was the norm rather than the exception and
where working through the night was as common as weekly status meetings. These were the
realities of a Deloitte Consulting engagement I had worked on at Deutsche Bank. My first roll was
to be part of the testing team. Since the system was to "go live" in 3 months the pressure was on to
ensure that all the bugs in the system would be found and fixed. This put considerable stress on the
team. The team didn't have enough time to give me an overview of the project. They basically gave
me the...show more content...
I put in extra effort to learn the system, even on my own personal time. Within 2 weeks I was up to
speed and able to assist my team in testing.
The testing team would work long hours due to the tight deadlines, and it was common for
management to ask us to stay longer with little notice. I did not, however, let this affect my attitude
towards the team. I understood that since this kind of system had never been built before, project
time estimations would be inevitably off. I also helped the team when new team members joined. I
knew how hard it was for me to learn the system by myself, and I was good at communicating
technical material in a manner that non technical people understood, so I took the initiate to get
them up to speed. This was necessary since other team members were busy and did not have the time
to sit down with new team members.
As the project progressed I was put on the operations team. The operations team was responsible
for monitoring the system when trades would be sent. The team had to be able to understand how
the whole system works. To accomplish this I had to put in a great effort to learn the whole system.
Moreover, the system needed 24 hour support. The operations team was required to work in shifts to
accomplish this task. The shifts occurred in 12 hour time frames but usually lasted up to 16 hours.
The start times of the shifts would change due to changing business needs, and every week

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 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

Choosing Business Structure Essay example
Starting a business can seem like a daunting task, when really there is a systematic approach that an
entrepreneur can take to setting up a business. There are many factors to consider when setting up a
business structure; these factors include start up cost, operating costs, liability, and taxation. A
business owner will also want to look at whether or not they may want to expand in the future,
which will also play a factor in what type of business they should set up. This paper will look at the
advantages and disadvantages of sole–proprietorships, partnerships, limited liability companies, and
corporations. As well as look at what courts can do if a business operates outside the scope of
accepted business practice. There is no "one size...show more content...
A sole–proprietor also has unlimited liability, which means the business and the owner are not
separate entities. (Ref. 1, pg. 1) Therefore they are responsible for any damages incurred by the
company and any personal property may be taken to pay for damages. Because a sole–proprietorship
is not separate from the owner the income from a sole–proprietorship is taxed as personal income, or
"pass through" income. The business owner has to pay FICA taxes of 7.65% on all income up to
$94,200; they also have to pay an additional employer FICA tax of 7.65% on that same first $94, 200
which brings the total to 15.3%. The owner also pays a FICA tax of 1.45% on all income of
$94,201 and above because all income is treated as personal income for the business owner. These
taxes are in addition to state and federal income taxes, which also tend to cater more to other types of
business structure, particularly corporations.
Partnerships are the least used type of business making up about 11% of US business and account
for only 8% of the profits. (Ref. 3, pg.76) Partnerships are very similar to sole–proprietorships in the
form of structure. Each partner takes their assets and pools them together to form a company. The
advantage of a partnership is a greater pool of assets or capital, and shared risk among the partners.
In a partnership the owners can all provide operating capital, as well as apply for loans which give
them more

Business Experience Essay
Personally I had a very displeasant experience doing business with Men's Warehouse. For our
wedding I decided to rent the men's attire from the company, which led to more headache than
anything. The day that went in to the store and put our order in, I was a little concerned with how
everything was going to work out. This was due to the staff getting the date confused multiple
times, incorrect the colors, as well as the attire itself, and payment. We stated multiple times that we
would be paying for the entire rental, and did not want anybody in the wedding to pay for anything.
To start the spiral of disaster, I received a confirmation with the incorrect date, which lead to me
calling customer support to get this fixed. Then the wedding...show more content...
The matter of which a business's implements customer service has much more effect on the
bottom–line that one may think. According to Johnson (2015) a Harvard Business Review study
recently quantified the value of the customer experience, demonstrating that delivering excellent
support generates high returns. With that being said staff need to be adequately trained on quickly
resolving customer problems that may arise. Staff also needs to be made aware of exactly how
customer service affects overall profitability for the company. The study came to conclude the top
five affects in relation to customer service and the bottom–line. First the study shows that satisfied
customers are much more likely to spend more money. Johnson (2015) states the Harvard Business
Review study shows that customers who said their experience met or exceeded their expectations
spent approximately 140% more than customer who reported a negative experience. Second
customers who are dissatisfied actually end up costing the company money by returning products,
and exhausting their time with supporting company staff. Third a happy customer tends to be a
repeat customer for years to come, leading to an increase in revenue for the company. According to
Johnson (2015) the Harvard study shows that members who report high levels of satisfaction have
a 74% chance of still being a customer a year later while only 43% who rate

Essay about Business Administration
Business Administration
The idea of studying business administration has appealed to me greatly and has encouraged me to
further develop my education following this path. I have a keen enthusiasm to pursue a degree in
Business Administration as I enjoy the challenges it sets and find the many different areas of
business you are able to branch out into, very exciting! From research about the subject I'm
expecting to greatly further my learning of how businesses operate and be able to then put my
knowledge into practice. I am confident within myself and find communication with others easy. I
want to study at university to deepen my understanding of the knowledge and skills I already have. I
I am studying Media Studies, which is progressing my understanding of advertising, used
throughout business and also Geography, which is developing my analytical skills in report
writing, but also helps me combine my theoretical studies and practical work a skill I will be able
to use on my university course. I studied I.T for G.C.S.E then furthering my knowledge, I studied
I.C.T for A.S Level as I recognise that a skill for information technology is useful, if not essential,
for the progression of business in modern society. During the year I am studying my three A levels,
I have also decided to study Business Studies at A.S Level, due to an increase in eagerness to pursue
the subject but also to ensure I have a basic understanding of business operations for further use in
my learning in University.
I have managed to balance my 'A' Levels with a part–time job and an enjoyable school and social
life, which has not only developed my skills of working as part of a team and organising my time
efficiently but has also left me with experience of responsibility and leadership, when being chosen
to supervise a particular area of the business I work in. I have been involved in voluntary work for
'Save the Children', which I believed

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

e-Business Essay example
E–Business
E–business is the largest emerging trend in business today. The movement into e–business is
dramatically changing the way people buy and sell. Business is no longer a one for all concept, that
concept is being replaced by a consumer economy that is driven by choice. These choices are not
only in product and price but in shopping environment as well, where their transactions can take
place face to face or in an online environment. Not only are traditional businesses completing their
transactions with other businesses in such an online format, but such transactions are taking place
between businesses and consumers as well as consumers to consumers. The following paper outlines
some of the differences and similarities of each of...show more content...
I have outlined some strengths and weaknesses of business to consumer e–business and the way it is
affecting the relationship between the consumer and merchant using Amazon.com's Virtual Retailing
Model as an example.
Virtual retailing involves the request for and closing of a transaction over the medium of the
Internet, via a web page (http://www.cybersolve.com/retail.html). While the processing of the
transaction, itself, is key to the existence of a virtual retailer, it is not the most important piece. The
key to the success of a virtual retailer, according to Peter G. W. Keen, is the ability of that virtual
retailer "to build strong customer relationships". Amazon.com has by far been one of the most
successful virtual retailers in building strong customer relationships. 70% of Amazon's customers are
repeat customers; this is no surprise when Amazon.com invests 20% of its revenue in attracting
consumers and develops different techniques to "bond with the customers", such as "My Amazon"
(http://www.computerworld.com/home/print.nsf/all/990614AD62 ).
Traditionally businesses had to locate themselves, plant themselves several times over in

Essay On Business Analytics
Application of Business Analytics
An increasing amount of businesses are exploring this new concept of analytics. In today's
tech–savvy era, the use of analytics can be seen as a necessity rather than a competitive advantage.
More companies are realizing the benefits that come with the use of analytics within the business
environment. Like anything else, there are both pros and cons that come with this approach.
However, the benefits far outweigh the negatives. Business analytics are the future of the business
world. This paper will describe a general overview of business analytics and its application to the
real world.
Definition of Business Analytics
Analytics can be a difficult term to explain. In simple terms, analytics converts data...show more
content...
It is through these three types of analytics, that business analytics can be distinguished from just
being the plain process of analytics. These three types of analytics help make this process useful in
the business environment. It requires "a clear relevancy to business, a resulting insight that will be
implementable, and performance and value measurement to ensure a successful result." Business
analytics includes a combination of all three types to generate new information used for business
organization decision–making. Descriptive analytics basically gives you a general idea of the data
you are looking at. Predictive analytics takes the next step and predicts what is likely to happen next.
Finally, prescriptive analytics figures out what is the best course of action. All three of these types of
analytics can be very useful when used in combination with one another. Business analytics can be
instrumental to a business' success when implemented properly. (Schniederjans et al., 2014).
Pros and Cons
The benefits in relation to business analytics far outweigh the negatives within any business. Despite
this, however, there still are drawbacks related to business analytics. The three major issues relating
to business analytics are ease of use, speed, and scalability. These three factors are the main priority
executives are looking for when it comes to data analytics in the business environment.
Unfortunately, many executives feel as if they are not

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
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

Business Analysis : Business Analytics Essay
Business Analytics Business Analytics, is a system that use various techniques and processes to
gather information to used be used to make business decisions. The data is used to answer a
question. Often this is used in marketing. It helps to take away some of the "guess work" out of who
market will target. This process has been credited with increasing the ability of organizations to be
more competitive. Just as important as collecting data is the ability to interpret and apply the data.
Essential to a Business Analyst success is, the support from an International Technological (IT) team.
If costly technical systems are not used and maintained properly, it could the system to malfunction.
This could produce inaccurate results in the data. Incorrect data could cost the organization greatly.
The data can be used to detect fraud, as well as exploring science. The Business Analyst must delete
the data that cannot be used. The data produced patterns is then analyzed. Then information is
forwarded to the appropriate people. The information is used to create a plan. The role of a Business
Analyst is valuable. So are the tools they use. Multipolar Analytics A system that collects data, then
analyze it in multiple places in the organization is using Multipolar Analytics. The exact system
component will vary depending on the type of data and analysis the system will need to output. The
Multipolar Analysis include systems that use traditional operational

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