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Business Communications
|Assignment brief –BTEC (QCF) |
|Assignment front sheet |
|Qualification |Unit number and title |
|BTEC National Business |Unit 4 Business Communications. |
|Learner name | Assessor name ... Show more content on Helpwriting.net ...
| | |
| |Produce corporate communications. |3 | |
|P3 | | | |
|P4 |Evaluate the external corporate communications of an existing product or service. |4 | |
|P5, M2 |Explain the legal and ethical issues in relation to the use |5 | |
| |of business information. | | |
| |Analyse the legal, ethical and operational issues | | |
| |in relation to the use of business information, using | | |
| |appropriate examples. | | |
|
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Business Plan for an Established Business Essay
Business Plan for an Established Business
This business plan consists of a narrative and several financial spreadsheets. 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 you like, except for the Executive Summary, which should
be done last. Skip any questions that do not apply to your business. When you are finished writing
your first draft, you will have a collection of small essays on the various topics of the business plan.
Then you will want to edit them into a flowing narrative.
The real value of doing a business plan is not having the finished product in hand; rather, the value
lies in the process of research and ... Show more content on Helpwriting.net ...
Management and Organization 4
Professional and Advisory Support 4
VII. Personal Financial Statement 4
VIII. Financial History and Analysis 4
Debt Schedule 4
IX. Financial Plan 4
12–Month Profit and Loss Projection 4
Four–Year Profit Projection (Optional) 4
Projected Cash Flow 4
Projected Balance Sheet 4
Breakeven Analysis 4
X. Appendices 4
XI. Refining the Plan 4
For Raising Capital 4
Refine Your Plan for the Type of Business 4
Executive Summary
Write this section last!
We suggest that you make it two pages or less.
Include everything that you would cover in a five–minute interview.
Explain the fundamentals of the business: What is your product, who are your customers, who are
the owners, and what do you think the future holds for your business and your industry?
Make it enthusiastic, professional, complete, and concise.
If you are 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.
II. General Company Description
Mission statement: Many companies have a brief mission statement, usually 30 words or fewer,
explaining their reason for being and their guiding principles. If you have a mission statement, this
is a good place to put it in the plan,
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Business Functions Of A Business
Identify the business functions MWS will need in order to operate effectively.
MWS needs a variety of business functions in order to operate effectively. Identifying the business
functions for any organization serves as a starting point in developing its mission statement. As the
business of the company is over the internet, therefore, It needs to determine that how the internet
will further the information and efforts for communication of the company and with whom the
information will be shared? The company needs to know about its statement of purpose. The way an
organization or a business uses information is linked to what the organization does. MWS needs to
identify the statement of purpose, mission and vision statement in order to bring awareness among
people about the organization's core functions and objectives, that can help the company increase
sales.
State the objectives of each business function in relation to e–commerce.
As a new venture, the first step for getting success in e–commerce is to set the goals. The objectives
may include the plan to increase the revenues from existing customers, gaining new customers,
increasing the number of orders on daily basis, selling of the products through new and different
channels and lowering the prices (Arline, 2015). Once an organization is able to identify its goals it
is the time for the company to formulate the plan. SWOT analysis can help the firms to know about
the strengths, weakness, opportunities and threats of
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Family Business
Family business are businesses that are created from their founding fathers of that era, if may evolve
from small businesses into big enterprises. Family business is playing a very important part in the
economy of Malaysia; the reason is that more than half of the Gross Domestic Product of Malaysia
is from the family businesses that are conducted in Malaysia. For example The Genting group and
The Berjaya group are two of the most famous family businesses that are conducted in Malaysia.
The following are the issues and challenges that are faced by family businesses in Malaysia.
The first challenge and issue that affects family businesses in Malaysia is succession planning which
is choosing the next successor for the business after the ... Show more content on Helpwriting.net ...
The fourth challenge and issue that affects the family businesses in Malaysia is leadership which is
basically the compass for the direction of the family business. It is very hard for family business to
have good leadership because it involves leading, involving, and also motivating the people in the
family business so that they share the same goal. So, if the leader of the family business is strong,
then the chance of the business to succeed will surely be very high. The first thing is that the good
leader must have the stamina and the passion to lead. Besides that, the leader must have a wide
knowledge of the economy and also the industry itself so that he or she can direct a most beneficial
way for the family business to approach and also giving a sense of common purpose. Lastly, the
leader must have power to control the people in the family business and tell them what is the plan
and what they need to do.
The last challenge and issue that affects the family businesses in Malaysia is fair compensation
which also includes fair treatment to the people involved in the family business. The reason why this
is a common issue in family business is because that the family members always tend to treat their
own family member better and they also make bias decision most of the time. The most common
problem is the payment and the salary of the people in family business. People who are the family
member often
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Business Marketing Management : Business Management
Amanda Gross
Ms. Jessica Madinger
Comp 101 C
9 November 2015
Business Marketing Management Outline
Business has several majors to seek, such as: Accounting, Economics, Administration, Marketing,
International business, Entrepreneurship, and lastly Management. A business degree has many of
opportunities. This paper is going to specifically focus on Management which you can get a minor
in marketing, which would be called marketing management. Management has several classes to
can take, and several of careers to pursue. Those classes are similar to other professions; Marketing
and Administration which have similar classes to take. Business Management was essentially
created around 7200 B.C., the Ubaidians, of Sumer created the first ... Show more content on
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There are many of tasks that are used daily in business management. Such as, coordinating and
being involved in promotional activities. To improve product or services direct or help with
marketing ideas. Evaluate financial aspects, to improve customer satisfactions. Conduct a list to
describe product and service offerings. Direct hiring by training and watching future employees
performances to help them know what to do when they enter the field, so they can help improve
services. Communicate with vendors to improve distribution. Also they analyze date, make crucial
business decisions and supervise a single department.
There are many of skills that are required in business management. Skills, such as: active learning,
active listening, critical thinking, reading comprehension social perceptiveness, speaking, judgment
and decision making, monitoring, persuasion and lastly complex problem solving (Job and Career
Accelerator). There are also many abilities that are required to be mastered before pursuing a career
in management. These abilities consist of oral comprehension, oral expression, written
comprehension, deductive reasoning, written expression, fluency of
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Business and the Economy
Business and the Economy
1. Business is one of the principal elements fueling the economy and the way that functions reflects
on society as a whole. Businesses are responsible for the creation of a competitive market and it is
only safe to say that they make it possible for a community to achieve economic progress.
Individuals in a competitive environment feel pressured to act as effectively as possible and they are
thus enabled to put across behavior that contributes to the wellbeing of the economy. Even with the
fact that businesses are not exactly meant to cause a great deal of social benefits, they are
nonetheless essential in keeping the economy alive.
Although it would be absurd to claim that businesses has a moral role in society, one can claim that
it is one of the most important tools assisting people achieve progress. Many people experience
stress as a result of their involvement in the economy, as they are unable to keep up with the fact
that it is constantly growing and they end up being unable to sustain themselves.
2. In spite of the fact that people generally focus on public and private entities when they think
about the economy, nonprofit organizations are also an important actor in the economy. Public
institutions are in charge of producing goods and services that are generally considered to be wanted
by everyone. Private agencies focus on providing people with personalized goods and services and
are largely dependent on market–competition in order to
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Business Ethics
Case Study Analysis: In Business Ethics And Corporate Governance
By Name
Course
Professor
University
City/State
Date
Introduction;
The workshops analyses the cases given in regard to business ethics and corporate governance.
Discusses the way out and gives the recommendations on what the business should do to achieve
their goals. The cases stress on the business ethics and open our minds on their importance in a
business. They are responsible of determining the company's image for example in the case where
they are not taken seriously and broken they give the company name and when they are followed
they build the company's name leading to the growth and many benefits (Jennings, 2011). The cases
outline the importance and ... Show more content on Helpwriting.net ...
These will be a bit more expensive but in terms of time and money but it will be worth since the
company lost almost a third of the company asset trying to venture in the business which at the end
was a total failure hence huge loss (Allen & Ferrell, 2005). 3. Analysis and Evaluation
From the case it's clear that for the past years that is from when the company was established till
year 2005 the company was recognized for its good conduct over the past years and when it was
first involved in the scandal it affected the business greatly. There had been other misconduct but the
government was used to protect them but during the time they were sued by the attorney general
sued them for the finite insurance (George, 2009). The scandal largely affected the company since
by that time other insurance companies were joining the market hence they lost their clients to their
competitors. Also the company breached the trust clients had in them, also to their admirers leading
to the company's damaged image and these have had effects on various groups in the company and
they include consumers, employees, investors, and the government (Allhoff & Vaidya, 2008).
Consumers: these are the people who buy services and products from the company. The company
deals with insuring other large firms for example manufacturing industries, air craft companies,
banks, other insurance companies.
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Majoring In Business
The area of study that I am drawn to is business. I remember in elementary school when my teacher
asks me what I would like to be, my first responds was to become a teacher. All through Elementary
school I keep up with this dream that I would one day become a teacher until I realized that I did not
like kids as much. In middle school, I was encouraging to become a lawyer. A lawyer was something
that I thought would fit for me because I am good at debating different topics. With the help of
research, I learned that become a lawyer required a lot of writing. Writing is something that I
struggle with which cause me to doubt my potential of become a great lawyer. My love for business
took places when I enrolled in a principle of business and finance class. Learning about all the work
it takes to run a business made me wanted to learn more about what it takes to become a business
owner or work for a business. ... Show more content on Helpwriting.net ...
I would say that my best challenge so far is deciding what can of career I can get with a business
degree. I know that many people can received an associated degreed in business in least then 2
years. I worry that when I get out of college from receiving my master degree would I have to
compete with someone that just spent 2 years in college. One of the awards of receiving a business
degree is knowing that I can still help people. When I choose to become a teacher, I wanted to be
able to change someone life around and make someone happy. Working in the field of business I can
help people with their finance or start a business that can change someone perspective of their
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Business Strategy For A Business
Table of Contents
Introduction 4
Business strategy 4
Collaboration and sharing 4
Work and environment flexible 5
Instant Connection with Customers 5
Online Stores 5
Employee Training 5
Accounting 5
The Internet 5
Time Management 6
Start–up Costs 6
Storage 7
Marketing 7
Advertising 8
Information 8
Communication 8
Efficiency 9
Competitive Advantage 9
Economic Efficiencies 9
Major business areas 10
Banking 10
Automobile 10
Entertainment 10
Employee management 10
Hospitality 10
Education 10
Share market 10
Import/export 10
Manufacturing 10
Travel 10
Retail 10
Fashion 10
Advantages of Technology to Business 10
Reference 12
Introduction
Innovation gives an extensive variety of tools entrepreneurs can use to guide their new organizations
through the start–up and development stages. Small business accounting, advertising and
communication have been upset by advances in computer, network and communication innovations,
and organizations in a scope of businesses persistently adjust to exploit innovative advancements.
Small organizations depend on technology to help them work every day. From smart phones Internet
abilities to printers, online document stockpiling and Web–based applications, innovative advances
affect small organizations crosswise over different commercial ventures. Technology can possibly
influence small business in positive and antagonistic courses, contingent upon the objectives a
business has a setup, the products they decided to utilize, and how well business
... Get more on HelpWriting.net ...
Business Ethics
Business Ethics – Assignment 1
1. The Sales Rep. A sales representative for a struggling computer supply firm has a chance to close
a multimillion–dollar deal for an office system to be installed over a two–year period. The machines
for the first delivery are in the company's warehouse, but the remainder would have to be ordered
from the manufacturer. Because the manufacturer is having difficulty meeting the heavy demand for
the popular model, the sales representative is not sure that the subsequent deliveries can be made on
time. Any delay in converting to the new system would be costly to the customer; however, the
blame could be placed on the manufacturer. Should the sales representative close the deal without
advising the customer ... Show more content on Helpwriting.net ...
As an MD for a brewing company, her job entails for her to be able to target this youth group and
get them hooked unto their beer. The case states that there is a lot of competition. They need to find
a unique selling point, which makes them different in selling the same product. The director herself
is uncomfortable with the tricks used to attract their attention. I think she should go along with her
competition, because even though there is a drinking age of 18+ or 21+, kids hardly follow these
rules anyway. Even though she herself doesn't believe in encouraging underage drinking, she should
be aware that these tricks aren't solely responsible for the youth of today and their drinking habits.
She can advertise her alcohol, with her brand name without graphical descriptions of parties – this
way she can compete with her rivals and at the same time incorporate a little bit of what she believes
in. Ethically, it would be wrong to encourage something that is against the law, but in my opinion
from the business view, when competition is there the aim is to be on top of it.
4. The CEO. The CEO of a midsize producer of a popular line of kitchen appliances is approached
about merging with a larger company. The terms offered by the suitor are very advantageous to the
CEO, who would receive a large severance package. The shareholders of the firm would also
benefit, because the offer for their stock is substantially
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Business Activities At The Business Premises
A. Seller has conducted its business activities at the Business Premises under the name of the
Business. To the best of Seller's knowledge and information, no other person or entity has conducted
the same or similar Business at the Business premises, and no other person or entity has any interest
in or right to use any of the Assets not previously revealed to Purchaser.
B. No person, other than third–party trade creditors, has provided Seller with any inventory,
equipment, fixtures, or financing for Seller's operation of the Business that has not been fully paid
for by Seller.
C. All commissions, salaries, bonuses and/or compensation due Seller's employees for services
rendered prior to settlement are to be paid in full by Seller by ... Show more content on
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G. To the best of Seller's knowledge and information, there is no pending litigation involving Seller
as a party, regardless of whether such litigation involves, addresses, or pertains to the Assets, the
Business, or the Business Premises and that there are no threatened claims against Seller pertaining
to the Assets, the Business, or the Business Premises.
H. Seller has not received any notice, demand, or request from any federal, state, or municipal
authority for Seller to take any action to cure any circumstance or condition existing on or relating
to the Assets, the Business, or the Business Premises.
I. Seller has clear and marketable title to the equipment being sold except as may be noted elsewhere
in this Agreement, is duly authorized and empowered to convey said assets, and will deliver the
Assets free and clear of any and all accrued liabilities.
J. To the best of Seller's knowledge and information, Seller has complied with, and shall to
settlement continue to operate the Business in accordance with applicable all laws and regulations.
K. Seller has paid or will pay in full, to the date of settlement, all applicable withholding, sales,
Social Security and unemployment insurance taxes.
L. There shall be no judgments, actions, liens, or proceedings outstanding or pending against Seller
or any Asset in any tribunal at the time of
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Benefits Of Business In Business
Think of a product or service that you use regularly and describe what it is. Consider if you were an
entrepreneur just starting up your own business to develop and sell that product. How would you go
about developing a team to help you? What kinds of people would you select to be on your team,
and why? How would you meet these people and convince them to join your team? How would you
motivate this team to continue to dedicate time or resources into your business venture? This should
be a detailed and specific plan. This assignment should be a minimum of 500 words in length.
The product that I would like to sell in the area where I live is a portable heater, EdenPURE
TrustedCOMFORT with Solid Copper PTC and Remote. This product is ... Show more content on
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Members of a team can be very competitive and fight for dominance. Members may not necessarily
get along in a friendly manner. Therefore, I need to work to improve communication channels and
make them cooperate among themselves. Additionally, I need to promote the members to work
together as a team. As a team, they need to share information and assist other members if necessary.
Finally, I need to set common rules, a shared vision, team values and goals. When the team members
know what is expected of them they will form a strong bond to the business and its member's thus
increasing productivity and efficiency.
In order to build a productive and effective team for my business, I would select people from
different backgrounds, skills, and talents. A diverse group will be ideal because they will excel in
different areas and solve problems effectively. Each member of my team should have different traits:
communicator, strategist, critical thinker, administrator, task oriented, and an innovator
(https://statushero.com/blog/7–types–of–people–you–need–on–your–team/).
A member with good communication skills would foster transparent dialog among members and
would be friendly with the clients. "The Communicator helps to keep the team on track by
facilitating the transfer of ideas and messages" (https://statushero.com/blog/7–types–of–people–
you–need–on–your–team/). A strategist member is an individual who understands the vision of the
project and plots the course from beginning
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Principles Of Business: Production
Name of Candidate: Samantha Simon
Topic: Establishing a Business: Production
Name of Business: Otaku Café
School: Antigua Girls' High School
Date: 15th March, 2014
Table of Content
Page 3 – Acknowledgement
Page 4 – Introduction
Page 5 – Description of the Business Justification of Location Selection of Appropriate Labour
Page 6 – Source of Fixed and Working Capital Roles of the Sole Trader
Page 7 – Types of Production Level of Production Quality Control Measure Uses of Technology
Page 8 – Linkages Potential for Growth Government Regulations
Page 9 – Ethical Issues
Page 10 – Bibliography
Acknowledgements
The successful completion of this SBA would not have been ... Show more content on
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Level of Production
Production in the business will be on a domestic level, only producing for the local market as it is a
more plausible level of production and more fiscally sound.
Quality Control Measures
Quality control within the business will be maintained through the strict adherence to recipes set for
products, the hiring of mostly skilled workers and regular quality checks so as to ensure output of
only optimum products and services to the customers.
Use of technology
Technology used in the business
Internet
Point of Sales system
Accounting software (QuickBooks)
Linkages
The business will be involved in linkages with wholesale suppliers or producers of coffee, tea and
other such beverages as well as suppliers or producers of fruits or fruit jams such as local farmers,
producers of flour, dairy products and other suck materials needed to produce the goods of the cafe,
to create an economic flow locally and to increase possible output and profit.
Potential for Growth
Growth within the business will be expected and hopefully the business will have to eventually
move to a larger location, purchase more equipment to keep up with product demand and if possible,
maybe even open other branches
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Role Of Business In Business
"The responsibility to society is that of government; certainly not that of business" Discuss the role
of business in the social development of the communities in which they operate.
Corporate Social Responsibility, More Than Charity Work an article written by Don Wehby where
he stated that "all companies have obligations to the society and environment in which they operate
that go beyond simply following the law". The responsibility of social development is a share
responsibility of government, citizens and the businesses that operate in these communities.
According to Investopedia.com social responsibility is the idea that businesses should balance
profit–making activities with activities that benefit society; it involves developing businesses with a
positive relationship to the society in which they operate. The relationship to the society and
environment in which businesses operate is a critical factor in their ability to continue to operate
effectively. It is also increasingly being used as a measure of their overall performance.
According to ***** until the 1960s, profit maximization was considered the primary business goal.
However, in the 1970s and 1980s, due to the higher intensity of globalization, IT development,
higher level of people's education, strengthening of associations for the protection of human rights,
associations for environment protection, and so on, pressures increased for companies to start doing
business while considering the well–being of the
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Business Strategy For A Business
Table of Contents
Introduction 2
Business strategy 3
Collaboration and sharing 3
Business areas which use IT 3
Work and environment 3
Instant Connection with Customers 3
Online Stores 4
Employee Training 4
Accounting 4
The Internet 4
Time Management 5
Start–up Costs 5
Storage 6
Marketing 6
Advertising 6
Information 6
Communication 7
Efficiency 7
Competitive Advantage 8
Economic Efficiencies 8
Advantages of Technology to Business 8
Reference 9
Introduction
Innovation gives an extensive variety of tools entrepreneurs can use to guide their new organizations
through the start–up and development stages. Small business accounting, advertising and
communication have been upset by advances in computer, network and communication innovations,
and organizations in a scope of businesses persistently adjust to exploit innovative advancements.
Small organizations depend on technology to help them work every day. From smart phones Internet
abilities to printers, online document stockpiling and Web–based applications, innovative advances
affect small organizations crosswise over different commercial ventures.
Business strategy
IT creates new opportunities for innovation in products and services. Services which used to be
delivered in person can now be delivered online. Among the key levers are:
Re–sequencing: including parallel processing of data–bases
Simultaneity: making information instantly available in several systems (e.g. via OLE)
Time extension: offering 24 hour a
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Women in Business
Women Entrepreneurs in Business
While women still face an uphill battle when it comes to breaking the corporate glass ceiling, many
women are finding success these days as entrepreneurs, building their own businesses without those
ceilings to hold them down. The growth rate of women–owned businesses has climbed steadily,
even as they continue to face challenges with getting the financing and other assistance they need to
succeed. However, there's no doubt that women entrepreneurs are, as a group, innovative and highly
successful.
"Look at women in business today, and you see a distinct new generation of Entrepreneurs. They are
experienced, educated and have an appetite for growth." – Julie Weeks, Director of Research, Center
for Women's ... Show more content on Helpwriting.net ...
Within just one month, it had surpassed Donahue as the #1 local talk show, and within a year it was
renamed The Oprah Winfrey Show. It has remained the number one talk show for 18 seasons, has
won dozens of Emmys, and is seen by an estimated 30 million viewers a week in the United States
and is broadcast internationally in 111 countries. Not content to work for someone else, in 1988,
Oprah founded her own production facility, Harpo Studios. Since then, it has grown into Harpo,
Inc., which employs around 250 full–time people in television and film production, magazine
publishing, and online media. Although she's a billionaire (the first black woman to achieve it) with
a long list of business accomplishments and awards, Oprah told Fortune Magazine, "I don't think of
myself as a businesswoman. But by most people's accounts, she's the most powerful woman in the
entertainment industry.
Mary Kay Ash, the founder of Mary Kay Cosmetics created a business that has helped some half a
million women fulfill their dreams of business ownership. A best–selling author and powerful
motivational speaker, Lifetime Television named her the Most Outstanding Woman in Business in
the 20th Century. With her life savings of $5,000 and the help of her 20–year–old son, Mary Kay
opened her first store in Dallas, Texas in 1963. Mary Kay Inc. started with just nine independent
beauty consultants. She based the company's philosophy strongly on her Christian faith. She told her
people to
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Business Environment
Department of Marketing
Dhaka University
Course Name: Business Environment
Preface
The objective of this course is to provide requisite knowledge for successful business manager. To
develop the understanding of the cultural, demographic, social, economical, political, technological
and legal environment within which the business operates. Provide knowledge on how to adapt with
the changing environmental situation. It also discusses the issues related to the relationship between
business and society. The question is how much we have learnt from this course? Let us find out the
answer to this question.
Global Environment
The global environment or total environment is an enormously complicated, dynamic and changing
... Show more content on Helpwriting.net ...
Therefore it is not unrealistic to state that a good job of business is a good job of adapting to the
total environment, each and every part of it.
The Business Environment
Business environment consists of the forces that effect business manager's ability to develop and
maintain successful transactions with its target customers. The changing and uncertain business
environment certainly affects the company's activity, and at the same time, the ability to earn profit.
Thus a business should carefully watch the changing situation of the environment. The business
environment can be divided into two parts. 1. The Micro Environment
2. The Macro Environment
The Micro Environment
The micro environment consists of the forces close to the company and to some extent these factors
are controllable. These factors include:
1. The company
2. Suppliers
3. Marketing Intermediaries
4. Customers
5. competitors
6. Publics.
1. The company: There are various specialized departments i.e. purchasing, manufacturing,
financing, marketing, research and development etc. All these interrelated activities formed
company's own environment and thus have an impact on company's plans and actions. These
departments should work together to provide superior customer value and satisfaction.
2. Suppliers: Suppliers provide the resources needed by the company to produce goods and services.
Businessmen must carefully watch the
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Are Profits The Only Business Of Business?
Are profits the only Business of Business?
What is the corporation's social responsibility? Many might say the main idea is that a corporation
must go further than carrying out their basic function of purely making profits. A corporation must
create wealth in ways that avoid under minding society, and instead enrich the society it operates in.
The term "corporate social responsibility" has been defined in numerous ways; from the constricted
economic perception of increasing stockholder wealth (Friedman, 1962), to economic, legal, ethical
and flexible strands of accountability (Carroll, 1979) to good corporate social responsibility to
citizens (Hemphill, 2004). These disparities differ from fundamental assumptions of what corporate
social responsibility involves. However, one has to keep in mind that the CEO of any corporation is
legally the agent of the stockholder, and must focus on what the shareholder wants. More often than
not, the shareholder would prefer profits for individual gain rather than spending their money on
social projects. Stakeholder groups have increased their influence to enact their agendas. Using
profits to fund schools and partake in fixing the environment are all great and wonderful things, but
this social tax of using profits for social ends projects goes entirely against democracy. Or does it?
Who should truly be held responsible for stakeholders around the corporation? Is it the
responsibility of the government, philanthropists, employees, its
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Business
2014
An assignment on Customer service
Contents Introduction 3 1.1 Discussion on the reasons for using customer service policy 3 1.2 The
purposes of evaluating a customer service policy, indicating how this can assist future staff training
and development 4 2.2 Evaluation of different communication methods and how these used to best
effect 5 2.2 Analysis on customer perception is influenced by customer service provision 5 3.1
Sources of information on customer requirements and satisfaction levels 6 3.2 Carry out research on
customer requirement and satisfaction levels for a selected business, suggesting potential
improvements 7 4.1 Delivering customer service in a business 8 4.2 Review own performance in the
delivery of ... Show more content on Helpwriting.net ...
There are some logical reasons for developing enterprise service quality index in Enterprise rent a
car company. The first thing is that the company can easily gather information about the customer
satisfaction through this survey conducted on them. The company identifies its loyal customers and
the potential customers those are going to be loyal in future. ESQi method works with the two
important term the quality and the service. The company contacts with its customer to receive their
live response over telephone and if they find any customer who is not satisfied, they note the reasons
what was the problem and thus they develop the problems and influences them to come back again
in Enterprise rent a car company. Another reason behind the development of ESQi is that it
influences the employees t o provide the best service to their customers. The company publishes the
ESQi score quarterly in the organization so that everyone can see the score and particularly his
position in the rank. The company determines the list of the employees who are going to get
promotion in next time with the help of this score. As the members of the company are aware of this
fact they won't to stay behind in this score and that's why they perform their best regarding the rental
activities of the company. 1.2 The purposes of evaluating a customer service policy, indicating how
this can assist future staff training and development
Friedman & Miles (2006)
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Business Texting
Reach Customers Easy and Fast with Business Texting
According to Forbes Magazine, mobile marketing is the future of customer communication. Forbes
cites that over 80 percent of adults own a phone and over 90 percent of adults keep their phone
within arm's reach. In fact, over half of mobile searches lead to a sale. Therefore, business texting is
essential to business success. Here are three reasons why business texting is critical to your
marketing plan. http://www.forbes.com/sites/cherylsnappconner/2013/11/12/fifty–essential–mobile–
marketing–facts/ Business Texting is Optional
Mass marketing relies on the principles of saturating a target demographic or random members of
the public with advertising. However, business texting is an opt–in service. That is, consumers
voluntarily provide their phone number and are free to opt–out at any time. Therefore, the target
audience will be consumers who are already familiar with the product or service. As a result, you
can reduce wasted marketing costs while accurately reaching your target market. Keep in mind that
business texting will always rely on traditional advertising forms to establish and maintain and
customer texting database.
It Increases Consumer Engagement ... Show more content on Helpwriting.net ...
When it comes to email, consumers are tired of dealing with spam and banner ads. Since texting
spam is still in the infancy stage, phone users aren't as jaded as they are compared with traditional
email. In addition to this, text messages are quicker, shorter and easier to read. Keep in mind that 25
percent of adults only have a smartphone to access the Internet. Therefore, the conversion process
and rates for a business text is much higher. Business texting is also an excellent opportunity to
directly engage consumers in conversation while improving the Customer Relationship Management
(CRM)
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Business Informatics
1008ICT Business Informatics – Assignment
Question 1 – A
Question 1 – B
In order to make the change for Champions location from Sydney to Perth, I used the Find & Select
button located at the top right hand corner of the toolbar. Select 'Replace' from the drop down menu.
When it opens it allows you to find what you would like to replace and with what. I entered Sydney
in 'Find what' and Perth in 'Replace with'. I then clicked on 'Find Next'.
It searched the document and found the first instance of 'Sydney'. In my case the first selection did
not need to be changed so I clicked on 'Find Next' again. This time it selected an entry that needed to
be changed so I selected 'Replace' and continued ... Show more content on Helpwriting.net ...
This area is key to a successful campaign and using the data I would be able to move extra resources
as needed to ensure that the first visit could start without delay. I would then move on to the Print
Advertising to make sure that advertising started in each State or Territory on time. I would then
continue to review my critical plan analysis once the visits begin to ensure that the campaign
continues to run smoothly. Unfortunately, there are factors out of my control that may affect my
planning (i.e. flights being delayed etc), so I have to make sure that I have resources available to be
able to adapt should the worst occur.
Question 4–D Reference List
Baier, T & Nerwirth, E, 2007, Excel:COM:R, Computational Statistics, vol 22, pp91, viewed 19
May 2013, via Griffith Library Database.
Lilien, G; Rangaswamy, A; Van Bruggen, G; Starke, K, 2004, DSS Effectiveness in Marketing
Resource Allocation Decisions: Reality vs. Perception, Information Systems Research, vol 15, pp
216, viewed 15 May 2013, via Griffith Library Database.
Palocsay, S, 2010, Utilizing and teaching data tools in Excel for exploratory analysis, Journal of
business research, vol 63, pp 191, viewed 19 May 2013, via Griffith Library Database.
Kroenke, D & Bunker, D & Wilson, D 2010, Experiencing MIS, Person Australia, Frenchs Forest,
... Get more on HelpWriting.net ...
Business Opening
Opening up a business may be one of the hardest things one can do. There is a great amount of effort
that goes into creating a business and even greater effort to make it successful. Before opening a
business, owners are obligated to keep fresh, open ideas, have good management, and being able to
financially sustain their business. Even this may not be enough to create a striving, successful
business. There are many factors that go into whether a business is successful or a failure.
One of the main reasons why small businesses fail is because of the owners/entrepreneurs
themselves. This mainly goes for poor management skills that bring businesses to their demise.
Owners who are stubborn, greedy, and self–righteous often don't do what's ... Show more content on
Helpwriting.net ...
Also, all successful businesses must know how to give the people what they need. Social
networking is a great way of finding out what consumers need and what they are mostly looking for.
It is also a great way to advertise products/services that they are offering and persuading the people
to buy from them.
Blockbuster has come a long way since its beginning in 1985. They were once the leading
competitor in the movie distribution business, but came to a downfall due to some mistakes. In
theory, Blockbuster was bound to fail due to technological advances that would hurt them.
Blockbuster was not able to adapt to these changes, and continued to invest more money into this
declining business. According to the article "Blockbuster Bankruptcy: How bad business Led to
Demise", the company filed for bankruptcy just weeks before its 25th birthday. Instead of getting
out while they could've, their managers decided to waste more money on schemes to attempt to keep
the business alive.
Netflix is one of the most popular movie franchises in the world, if not the most. Something as
simple as renting movies has been able to become a multi–billion dollar business in a matter of
years. It may seem like it all happened overnight, but in reality it took Netflix years to become as
successful as it is today. According to the "Secrets of my success: Netflix" article, the genesis of the
Netflix idea came in 1997. It started off as a movie–rental business in the mail and quickly
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Business Writing
Improving Business Writing
Why is writing important in business? Writing is essential in any form of business. We use writing
in all types of communication such as: email, facsimile, letter writing, etc. Writing skills are
important to the business professional because it prepares the workplace for well–written business
communications. The three topics I will cover can serve as an outline for improving writing skills in
businesses. The topics are principles of business writing, how to write an effective business letter,
and how to improve business writing within the company. These topics will aid in examining and
improving our company's employees writing skills.
First, there are "four principles of writing: Empathy, ... Show more content on Helpwriting.net ...
Following the Attention Line is the Body. The body contains detailed information about the topic.
The body includes the introductory paragraph, one or more body paragraphs, and a concluding
paragraph. Finally, there is the closing. The closing is usually ended with a complementary closing
and signature. A list of examples include: Sincerely, Cordially, Best regards, and Yours very truly.
Remember to capitalize the first word in the complimentary closing and end it with a comma. After
the closing, there is a copy line. When the copy line is used, other people know who will be
receiving a copy. The copy line usually includes a symbol: c: for copy, pc: for photocopy, and bc:
blind copy (used only to limit readers of other copies). The names of the recipients should follow
these symbols listed in organizational rank (Writing@CSU: Writing Guide, 2004, p. 1). All of the
components discussed above are effective ways to write an effective business letter. An effective
business letter speaks to a specific reader. Therefore, the right type of business letter must reach the
reader. The most common types of business letters are: 1) Acknowledgement Letters, 2) Adjustment
Letters, 3) Complaint Letters, 4) Inquiry Letters, 5) Order Letters, and Response Letters.
(Writing@CSU: Writing Guide, 2004 p. 1). These type letters helps guide the reader to
understanding what the writer intended. Nothing can be more
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Business
Jude Kisang Asongwe 49 Valley Road New Park Village Wolverhampton West Midlands WV10
0NY United Kingdom Em: ASONJUDE@YAHOO.CO.UK Tel: +447585090663
Dear Sir/Madame, Motivation Letter The objective of this letter is to explain my motivation to study
the Masters in Sustainable Development in Agriculture offered by Agris Mundus. I completed from
Larenstein University of Professional Education in The Netherlands with a Bachelor Honours
Degree in Agribusiness and Management. Since 2004 after I completed the degree program, I have
gained experience in Business Management through teaching and learning. The Masters in
Sustainable Development in Agriculture offered by Agris Mundus will enable me to get more
experience in the management of ... Show more content on Helpwriting.net ...
The career and financial reward after the completion of the Masters program is also a motivator for
me. The job market is highly competitive and the higher the qualification, the more likelihood it is to
get a professional job. Giving the quest for qualified staff in business and management related fields,
it is therefore motivating to pursue a Masters program. I am serious, hardworking, and prepared to
do the course despite the challenges that it has to offer. I have had good managerial experience and
knowledge in the field of business and management which will guide me through and enable me to
withstand these challenges. It's always been my desire and aspiration to undertake a Masters course
in International Business and Economics. My parents and siblings inspired me and they have been
the backbone and one of my greatest motivators for my desire and eagerness to do the Masters
Course in International Business and Economics. A Masters in Sustainable Development in
Agriculture will enable me to understand and apply business concepts and techniques to sustain
businesses and prevent them from insolvency or bankruptcy. Giving my interest and experience in
the field of business management, I am eager to deepen my knowledge in Business management.
The program will give me the opportunity to put
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Business Analysis
Introduction
The sources of new business ideas come from a variety of places. It could be from a problem that
needs to be solved from a consumer, existing knowledge in a business and a vision to improve, or
recognizing an alternative use for a new technology. While ideas are plentiful, the ability to bring
that idea to fruition, and create a profitable business from it, is much more difficult.
Examples
The example from chapter 4 was interesting on Elon Musk (Hisrich, Peters, & Shepherd, 2017). His
ability to build a business, sell it, then build a bigger business, gives insight that he is more
interested in solving large seemingly insurmountable, problems than holding on to a business. Musk
is not afraid of big risks. His legacy ... Show more content on Helpwriting.net ...
Failure can appropriately encourage better choices in the future. His idea generation came in the
form of knowing the business he was getting into and combining another business to complement
the current venture. Without moving forward in his education and obtaining a job to learn how to dig
into financials of a company, he would not have had the opportunity to generate his idea. There is a
video that is shown in many continuing education classes on IDEO, which is a company in
California that takes an existing product and makes it better. Through observation, industry study,
and a variety of other methods, the innovation team that consists of a biologist, psychologist, MBA
graduate, and an engineer, among others, generates ideas through problem solving and creative
visualizing. They quickly boil down the ideas into something that can be manufactured and meets
core requirements of the customer to produce prototypes. They take the best ideas from the
prototypes and create the final recommendation. Their structured process to idea creation is
fascinating, from a diverse team aspect, as well as efficiency. It seems chaotic at times but
repeatedly they have produced products for existing companies such as the new shopping cart at
Fresh Market and Whole Foods, shoes that pump up and toothbrushes with varying bristle lengths.
Another example of a product created
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Questions On Business
My business "Ralph's Remedies" has been doing great in business and I have realized that I need a
digital dashboard to help me operate my business better. I am going to use my digital dashboard to
help me keep track of of inventory to know how much merchandise and prescriptions are sold in a
day to maintain products people buy and keep them in stock. Watching trends at the end of every
day can help my business have correct products and the right amount of inventory. I would keep up
with management to know what customers are saying and if they are satisfied with how the business
is going. It can help me gather information to know what customers are looking for and how it can
benefit my business. Using the digital dashboard I can keep up ... Show more content on
Helpwriting.net ...
Maintaining stock helps keep a better flow and customers will always be able to purchase what they
need. Second is to make sure to have enough staff and making sure to schedule fewer people during
slower hours and watch for trends when it is busy or slow. Last, making sure bills are paid on time
and are kept up with properly.
Ordering Process
To review the ordering process for "The Broadway Cafe" to make sure it is efficient and effective I
would change counter A to where a customer is able to order both their meal and drink at one place.
This will benefit both the process of getting a meal and make it easier for customers to order
everything they need at one spot. Counter B should be used as just food pick up and counter C for
picking up your drink so things do not get crowded in one area. Counter D could be with counter A
so when you order your meal you can go ahead and pay. Counter E is necessary where it is and
removes bottlenecks.
To–Be process
Changing around where medication is ordered, picked up, and paid for to just one area makes it
easier for customers to get everything at one spot rather than having a section for each one which
will be more efficient. When waiting for medication to be picked up customers can look around at
products and might buy something else. Once the prescription is ready and they have questions there
is a separate area to talk to the pharmacist privately. With three easy steps of ordering/picking
... Get more on HelpWriting.net ...
Business Vs. Government Owned Business
Most Military Soldiers believe that when they get out of the Military and start a business that there
is only one type of business they can own. They also believe that they will not have any problems in
achieving their own business goals and will have stability in that business. This is why they have to
set long and short term goals. Look at privately owned business vs. government owned business and
the pros and cons of making your choice of business. When making that choice of either business
type education level, wages, benefits, and total compensation are an affecting factor to a positive or
negative outcome.
Accomplishment, Issues, and Concerns
The state of this project, including accomplishment, issues, and concerns are as followed: when
doing the research, finding sufficient information to support the entire topic outline is difficult to
find, narrow down, and changes from country to country. However, the choice of privately owned
business vs. government owned business have been broken down into a small sample population of
ten Military Soldiers out of twenty–five that are attending a class called, "Boots to Business." While
looking at the pros and cons of education level, wages, benefits, and total compensation, one can
become somewhat familiar with the research topic by experience, while testing the validity,
reliability, and obtain the purpose of this research. The ten Soldier names and identity will stay
confidential and private; unless otherwise
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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 smooth‐flowing 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 on Helpwriting.net ...
Include everything that you would cover in a five‐minute 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
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Outline Of A Business Plan For Your Tutoring Business
Goal: July SEO Content Pack RichTutor.com
Total Words in this Document:
Title: July SEO Content Pack RichTutor.com
Article: How to advertise tutoring
3 Ways to Advertise Your Tutoring Business
You might feel like shouting your new tutoring business from the rooftops, but that's not the most
effective way to advertise your new tutoring business. Developing a solid marketing plan for your
tutoring franchise involves setting realistic, measurable goals, and the vital steps to accomplish each
goal.
It's important to think about your market. Will you be primarily tutoring children? If so, your market
may be wider than just the parents of your prospective clients. Think outside the box – your
audience may also include their teachers, ... Show more content on Helpwriting.net ...
Make sure that the information you send is timely and newsworthy – grand openings, special events,
responses to studies or reports, and expansions are all great reasons to write and send press releases.
Consulting with a marketing firm that specializes in advertising for tutoring franchises, like Rich
Tutor Marketing, can help you set a direction for your advertising and marketing plans.
Article: Tutoring franchise
The Pros and Cons of Tutoring Franchises
The tutoring industry is ballooning, expected to exceed $102 billion in 2018. It's a great way for
adults of all abilities and interests to not only earn money running their own businesses, but to make
a difference in the lives of children and adults looking to improve their studying habits, understand
complicated classes, and raise their grades.
In North America alone, new franchise opportunities are popping up daily, giving these interested
individuals a variety of tools designed to grow both their businesses and the studies of their
customers. Just like any other venture, though, there are both advantages and disadvantages to
purchasing a franchise of a larger parent company.
Pros of Buying a Tutoring Franchise
You can pull from the marketing and branding done by the parent company. They invest a great sum
of the money that they earn into publicizing the work and system of their program, and
... Get more on HelpWriting.net ...
Business Plan For A Business
Starting a business can be very difficult. It can often take an immense amount of start–up funds that
new entrepreneurs don't have. However, based on the point in someone's life at which they want to
begin a business endeavor, their credit score may not allow for approval of certain loans or funds.
Therefore, a new company, ZipCap, has started an innovative approach to borrowing funds for small
business owners. For ZipCap, "The aim is to offer small retailers like restaurants, boutiques and
service providers access to low–interest loans financed by investors with a vested interest in
supporting a local economy (Cowley)." For many small business owners, they often fail before they
can even get through their first sales quarter due to unexpected costs and lack of funds. ZipCap aims
to fix this problem. A San Francisco based company, operating all across the country however,
appeals to the mom and pop shop that gets doors slammed in their face by big banks. ZipCap aims
to be just as much as a pivotal member in the community as the local business it is helping is as
well. As ZipCap itself is also in its infancy, its first 'guinea pig' company is Beezy's Café in
Ypsilanti, Michigan. Open for six years, while Beezy's has much acclaimed around the local
community; to banks it is an immense liability. It isn't immensely profitable; its owner has no
collateral or property to own (including the actual restaurant which is leased). However, these are
not red flags for
... Get more on HelpWriting.net ...
Disadvantages Of E-Business
E–business is the short form of electronic business. E–business is the conducts of business which
using internet to process. Electronic business, or e–business, is the use of the Internet to conduct
business. This is a lucrative and highly profitable domain (Natasha Gilani, 2017). The process of e–
business is include the buying and selling goods, supplies and services, process payments such as
Maybank to you, servicing customers, control and managing the products, sharing information
between one and other, recruiting, collaborating with your business partner, and running automated
employee service. The industry's e–business adoption lags behind similar industries such as tours
and travel (Article, 2013).
One of the major types of e–business ... Show more content on Helpwriting.net ...
It is a transaction which business sell their goods or service to the consumer. For example, consumer
could do online reservation for the air ticket themselves by using the airline reservation system. For
more instance, consumer could book their room through the hotel page nowadays. Next of the major
types of e–business for hospitality industry is the Business–to–Business (B2B). Business–to–
Business is the online business which selling the goods to the other business. This type of e–
business is for the aim of conducting commerce or business between one companies with another
company as they exchange the electronic documents in purchasing the goods and service.
Companies which using B2B E–commerce could improve the relationship and communications
among the other companies. Companies which using Business–to–business are incline to be high
volume and not focus on small transaction result. Example for Business–to–Business in hospitality
industry is the corporate customers, government, company trips, Event Company, or wedding
planner plan to have a stay in the hotel or book the event room or banquet with huge number of
member. Another example is a company reserve an airplane seat with a large number which go for a
company trip.
... Get more on HelpWriting.net ...
Designing A Business Strategy For Business
Customizing Complex Buying Processes
Buyers with house accounts are easier to shepherd through complex buying processes such as
purchase–order systems, gaining multiple approvals for business buys, authorizing multiple account
users and developing long–term relationships and business partnerships. Many B2B companies are
moving toward using their platforms as marketplaces for multiple vendors, manufacturers and B2B
sales companies. Offering house credit is a good first step for positioning a B2B company at the top
of the chain for this forward–thinking business strategy. When companies share financial interests,.
it 's easier to work together from shared marketing platforms.
3. Fulfillment Convenience Applications
Customers enjoy faster processing of their orders when they 've been qualified for an account
because no immediate payment arrangements are necessary. B2B companies have all the
information they need to ship immediately, and customers with accounts generally provide more
complete information about their companies, buying habits and financial strengths so that
eCommerce platforms can segregate them with the high degrees of accuracy. When salespeople
know a company 's limits, they can better target their sales efforts.
Gartner predicts that personalization on B2B ecommerce sites will enable companies to outsell their
competitors by 30 percent by 2018, and offering customers purchasing accounts delivers the kind of
personal service and easier ordering that ensure
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Soaring Eagles Business Pl Business Description
SOARING EAGLES BUSINESS PLAN
BUSINESS DESCRIPTION
With my relevant experience and skills together with my capability in entrepreneurship and
management, I am anticipating coming up with Soaring Eagles as the name of the firm that will
exclusively be involved in the production and retailing of washing accessories like toilet liners, bar
soaps, brushes, soap dishes, and detergents. The primary motivating factor to starting of this
business is the increasing demand for such products especially in American society and the
developing economies because of tremendous increment in some households. The major force
behind this is the population growth in the United Statesand the individuals ' needs to improve their
standards of living.
BUSINESS ... Show more content on Helpwriting.net ...
BUSINESS VISION
"To provide and offer value to the customers by guaranteeing high–tech products that are user–
friendly and offer maximum satisfaction that no other brand can ensure." The proposed business will
concentrate on delivering best quality products to the customers to the extent of achieving delighting
to its clients. This will be realized through extensive networks of consumer markets, competent and
experienced marketing agents and the resourceful entrepreneur skills from the business owner.
MISSION
"To ensure maintenance of growth within the washing accessories industry over the years."
BUSINESS LOCALITY, CONTACT, AND ADDRESSES
Located in Orlando– Florida one miler from Panama Superhighway, I would be in a large city and
avoid state income taxes . The business address is: Soaring Eagles, P.O. BOX 86144, Orlando,
Florida
Phone +1703896512
Hours: Open 8:00 am –5:00 pm.
TYPE OF BUSINESS FORM
I intend to start a sole proprietorship form of business. This will enable me to achieve all the benefits
of the firm including having full control over the business operations and allowing God to be present
in those operations. Additionally, I will greatly enjoy becoming my boss, taking time off as needed
to spend time with my family.
BUSINESS PRODUCT
The firm will majorly be involved in production and distribution of washing accessories like bar
soaps, washing
... Get more on HelpWriting.net ...
Business Strategies For Sacramento Business College
Option 1: Restructuring Help Business strategies are an important part of running a company. By
exploring potential options for long–term goals a firm can better plan for their future and remain
competitive in their respective markets. This essay will explore the fifteen principal grand strategies
and a few other business strategies in regards to how they may benefit Sacramento Business College
(SBC) in its long–term success as a firm. In addition to helping SBC consider its options this essay
will offer ideas for implementing the best fitting strategies for the college.
Sacramento Business College
Sacramento Business College (SBC) is a For–Profit College in Sacramento, California. The college
operates from a single campus with three ... Show more content on Helpwriting.net ...
There are 15 principal grand strategies that are aimed at helping a business reach its long–term
goals.
Concentrated Growth
Concentrated growth is the first strategy of the fifteen principal grand strategies, Pearce & Robinson
(2015) define concentration growth as firms that direct resources to the profitable growth of a single
product, in a single market, with a single dominant technology. Concentrated growth typically sees
the most success in mature markets where the product market is not saturated. Concentrated growth
is one of the lowest risk strategies, but only when used in a stable market because it typically does
not perform well in a market with a lot of up and down movement. A volatile market could be
disastrous if a company focuses in on one product and the market crashes down around it.
Sacramento Business College could potentially use concentrated growth to build strength in one of
their three major programs to build stronger enrollment and program upgrades. The Information
Technology (IT) program would benefit the most from adopting a concentrated growth strategy
because upgrading the curriculum would be fairly simple compared the other programs and would
be the most profitable program to have increased enrollment in.
Market Development
Market development is the strategy of rebranding preexisting products, potentially with minor
cosmetic changes, and targeting new markets
... Get more on HelpWriting.net ...
Business Environment
MODULE –3 Business Around Us
Notes
3
BUSINESS ENVIRONMENT nderstanding the environment within which the business has to
operate is very important for running a business unit successfully at any place. Because, the
environmental factors influence almost every aspect of business, be it its nature, its location, the
prices of products, the distribution system, or the personnel policies. Hence it is important to learn
about the various components of the business environment, which consists of the economic aspect,
the socio–cultural aspects, the political framework, the legal aspects and the technological aspects
etc. In this chapter, we shall learn about the concept of business environment, its nature and
significance and the various ... Show more content on Helpwriting.net ...
It is very difficult to predict the exact nature of future happenings and the changes in economic and
social environment. . (e) Business Environment differs from place to place, region to region and
country to country. Political conditions in India differ from those in Pakistan. Taste and values
cherished by people in India and China vary considerably.
Notes
3.1.2 IMPORTANCE OF BUSINESS ENVIRONMENT
There is a close and continuous interaction between the business and its environment. This
interaction helps in strengthening the business firm and using its resources more effectively. As
stated above, the business environment is multifaceted, complex, and dynamic in nature and has a
far–reaching impact on the survival and growth of the business. To be more specific, proper
understanding of the social, political, legal and economic environment helps the business in the
following ways: (a) Determining Opportunities and Threats: The interaction between the business
and its environment would identify opportunities for and threats to the business. It helps the business
enterprises for meeting the challenges successfully. (b) Giving Direction for Growth: The interaction
with the environment leads to opening up new frontiers of growth for the business firms. It enables
the business to identify the areas for growth and expansion of their activities. (c) Continuous
Learning: Environmental analysis makes the task of managers easier in dealing with business
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Business Need Business Communication Skills
BUSINESS NEED BUSINESS COMMUNICATION SKILLS
* BASICS OF BUSINESS COMMUNICATION – Communication skills have emerged as the most
powerful set of skills to possess for accelerating ones career trajectory and speed of accomplishment
in every walk of life. To prepare yourselves for a rewarding career in the broad field of management,
it is even more essential to acquire, practice and exhibit high levels of communication skills in
normal and crisis situations. Effective communication skills provide the ladder to the managers and
leaders for rapid progression in their careers. Business communication is the sending and receiving
of verbal and non ... Show more content on Helpwriting.net ...
It means „shared by‟ or „concerning all‟. Thus communication is a process of „influencing others‟
to achieve common, shared objectives. These goals could be that of individuals, families, teams,
departments functions and companies.
Communication has emerged as a very powerful personal skill that individuals must acquire to be
able to perform their duties and become efficient managers and effective
1. Communication and Power – Communication is also the most powerful input resource in an
enterprise. The various resources, just to recount, are as below:
1 Men
2 Money
3 Materials
4 Machines
5 Methods
6 Management
7 Measurement
8 Message covering both information and communication flows
9 Motive Power
10 Motivational Leadership
Messaging has emerged as the most important resource for, without it, nothing can be transacted
anywhere. It is the lifeline of any society. It is the glue that holds companies, communities and
countries together.
There is another process that is also used to influence others – it is the use of authority or power.
They say if person has power it shows because it quickly shows his influence or hold on others‟
opinion. However, it must be understood
in its proper perspective. Power has been described as „a process of influencing others to do
... Get more on HelpWriting.net ...
Business Administration & International Business Essay
BUSINESS ADMINISTRATION & INTERNATIONAL BUSINESS
In the literal meaning, Business refers to an organized approach to providing customers with the
goods and services they want. Business Administration has over the years taken the form of a formal
field of knowledge, besides engineering medical and even closely–related Economics. In the 20th
century, with the development and growth of business schools in America and Europe, the dynamics
of business administration changed. With more research conducted in a professional way, Business
Administration has also given birth to its branches.
Among these, International Business is one such off–shoot or part of business administration, which
has seen tremendous growth in this age of internet. ... Show more content on Helpwriting.net ...
Marketing covers many areas of business which to a great extent deal with the customers. These can
range from pricing the product to conducting research about consumer needs. While some of aspects
of Marketing may be common in International Business, there are areas like Marketing Research
which differs greatly for International Business. In International Business since the business is
conducted from different lands, so the seller may not be very well acquainted with the customer.
Instead his focus is different, as he is more inclined towards pushing his product to the seller and not
much concerned about branding activities etc. still this is a very generic statement and may not
apply for every case.
Finance in Business Administration is primarily focused on gaining profits. It may be of decision–
making nature that which areas of business are more profitable and which is not. Then the finance to
a greater extent is focused on the day–to–day activities of keeping cash accounts etc.
Human Resource Management is a crucial step in Business Administration, which focuses on hiring,
training and retaining best manpower to carry out business activities.
Focus Areas of International Business
Once it comes to the International Business, the focus is more widened. The trading parties are
concerned with far more issues than they are concerned while operating in local market. Although,
Marketing, Finance and Human Resource
... Get more on HelpWriting.net ...
A Business Plan For Small Business Essay
1. INTRODUCTION
A good business plan is not only important in developing the opportunity but also essential in
determining the resources required, obtaining those resources and successfully managing the
resulting venture. Running a Business is both exciting and challenging. It requires to develop
business tools for the better with proven advice and successful strategies for small business, plus
practical guidance on how to find business funding, chose a business idea, or get your business up
and running. Many people these days prefer to open their own business but they need to do a
detailed research and consider practical things to gain the confidence of starting it in this
competitive world. I recently came across one of my family friends who is running small business in
mobile truck shopping named as "Easy Shop" in Auckland. Mobile truck shops trawl around
different areas, selling to families door to door. He is in his late 20's and graduate in business
administration and has been running this business with a team of 5 for 3 years. He is a smart
business runner and confident about his marketing and strategic skills but is presently struggling to
get enough profit out of his business and compete with the potential big competitors like Home
Direct and Good Guys in the market. He started off quite well and managed to reach the profit
intersection within 2 years but profits started to fall in the 3rd year suddenly. As I am about to
complete my post graduation in business
... Get more on HelpWriting.net ...
‘Business’ and Its ‘Environment’
'Business' and Its 'Environment'
Introduction
 Every business organization has to interact and transact with its „environment‟.  The
effectiveness of interaction of an enterprise with its environment primarily determines the success or
failure of a business.
 The environment imposes several „constraints‟ on an enterprise and has a considerable impact
and influence on the scope and direction of its activities. The enterprise, on the other hand, has very
little control over its environment.  The business environment presents two challenges to the
enterprise, viz., the challenge to combat the environmental threats (such as intensification of
competition, declining market etc.) and to exploit the business opportunities.  The basic job ...
Show more content on Helpwriting.net ...
 Within the private sector businesses vary in
 Objectives (profit and CSR)  Legal structure (sole trader; partnership; limited company) 
Industry;  Size (measured in terms of number of employees; sales revenue)  Market power
(degree of competitive pressure)  Geographical reach (within, between, and among countries)
 The diversity also means that, although there are common elements in the business environment,
each business operates in an environment that is, to some extent, unique.
Thinking about the business environment – Eight key themes
 Internal/external – the environment is both inside and outside organisations. Internal:
„controllable‟ | External: „uncontrollable‟
 Business organisations is not really a single, unified entity but is internally differentiated. 
Managers within business, to be effective, have to deal with both the internal and external
environment.  The ability of an organization to operate successfully within its external
environment depends, in large part, on the effectiveness of internal systems and procedures.  The
internal environment has to be managed and adapted to the demands and opportunities of the
external environment.
 Important internal factors: organizational resources; R & D and technological capabilities;
financial capability; marketing capability;
... Get more on HelpWriting.net ...

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Business Communications

  • 1. Business Communications |Assignment brief –BTEC (QCF) | |Assignment front sheet | |Qualification |Unit number and title | |BTEC National Business |Unit 4 Business Communications. | |Learner name | Assessor name ... Show more content on Helpwriting.net ... | | | | |Produce corporate communications. |3 | | |P3 | | | | |P4 |Evaluate the external corporate communications of an existing product or service. |4 | | |P5, M2 |Explain the legal and ethical issues in relation to the use |5 | | | |of business information. | | | | |Analyse the legal, ethical and operational issues | | | | |in relation to the use of business information, using | | | | |appropriate examples. | | | | ... Get more on HelpWriting.net ...
  • 2.
  • 3. Business Plan for an Established Business Essay Business Plan for an Established Business This business plan consists of a narrative and several financial spreadsheets. 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 you like, except for the Executive Summary, which should be done last. Skip any questions that do not apply to your business. When you are finished writing your first draft, you will have a collection of small essays on the various topics of the business plan. Then you will want to edit them into a flowing narrative. The real value of doing a business plan is not having the finished product in hand; rather, the value lies in the process of research and ... Show more content on Helpwriting.net ... Management and Organization 4 Professional and Advisory Support 4 VII. Personal Financial Statement 4 VIII. Financial History and Analysis 4 Debt Schedule 4 IX. Financial Plan 4 12–Month Profit and Loss Projection 4 Four–Year Profit Projection (Optional) 4 Projected Cash Flow 4 Projected Balance Sheet 4 Breakeven Analysis 4 X. Appendices 4 XI. Refining the Plan 4 For Raising Capital 4 Refine Your Plan for the Type of Business 4 Executive Summary Write this section last! We suggest that you make it two pages or less. Include everything that you would cover in a five–minute interview. Explain the fundamentals of the business: What is your product, who are your customers, who are the owners, and what do you think the future holds for your business and your industry? Make it enthusiastic, professional, complete, and concise. If you are 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.
  • 4. II. General Company Description Mission statement: Many companies have a brief mission statement, usually 30 words or fewer, explaining their reason for being and their guiding principles. If you have a mission statement, this is a good place to put it in the plan, ... Get more on HelpWriting.net ...
  • 5.
  • 6. Business Functions Of A Business Identify the business functions MWS will need in order to operate effectively. MWS needs a variety of business functions in order to operate effectively. Identifying the business functions for any organization serves as a starting point in developing its mission statement. As the business of the company is over the internet, therefore, It needs to determine that how the internet will further the information and efforts for communication of the company and with whom the information will be shared? The company needs to know about its statement of purpose. The way an organization or a business uses information is linked to what the organization does. MWS needs to identify the statement of purpose, mission and vision statement in order to bring awareness among people about the organization's core functions and objectives, that can help the company increase sales. State the objectives of each business function in relation to e–commerce. As a new venture, the first step for getting success in e–commerce is to set the goals. The objectives may include the plan to increase the revenues from existing customers, gaining new customers, increasing the number of orders on daily basis, selling of the products through new and different channels and lowering the prices (Arline, 2015). Once an organization is able to identify its goals it is the time for the company to formulate the plan. SWOT analysis can help the firms to know about the strengths, weakness, opportunities and threats of ... Get more on HelpWriting.net ...
  • 7.
  • 8. Family Business Family business are businesses that are created from their founding fathers of that era, if may evolve from small businesses into big enterprises. Family business is playing a very important part in the economy of Malaysia; the reason is that more than half of the Gross Domestic Product of Malaysia is from the family businesses that are conducted in Malaysia. For example The Genting group and The Berjaya group are two of the most famous family businesses that are conducted in Malaysia. The following are the issues and challenges that are faced by family businesses in Malaysia. The first challenge and issue that affects family businesses in Malaysia is succession planning which is choosing the next successor for the business after the ... Show more content on Helpwriting.net ... The fourth challenge and issue that affects the family businesses in Malaysia is leadership which is basically the compass for the direction of the family business. It is very hard for family business to have good leadership because it involves leading, involving, and also motivating the people in the family business so that they share the same goal. So, if the leader of the family business is strong, then the chance of the business to succeed will surely be very high. The first thing is that the good leader must have the stamina and the passion to lead. Besides that, the leader must have a wide knowledge of the economy and also the industry itself so that he or she can direct a most beneficial way for the family business to approach and also giving a sense of common purpose. Lastly, the leader must have power to control the people in the family business and tell them what is the plan and what they need to do. The last challenge and issue that affects the family businesses in Malaysia is fair compensation which also includes fair treatment to the people involved in the family business. The reason why this is a common issue in family business is because that the family members always tend to treat their own family member better and they also make bias decision most of the time. The most common problem is the payment and the salary of the people in family business. People who are the family member often ... Get more on HelpWriting.net ...
  • 9.
  • 10. Business Marketing Management : Business Management Amanda Gross Ms. Jessica Madinger Comp 101 C 9 November 2015 Business Marketing Management Outline Business has several majors to seek, such as: Accounting, Economics, Administration, Marketing, International business, Entrepreneurship, and lastly Management. A business degree has many of opportunities. This paper is going to specifically focus on Management which you can get a minor in marketing, which would be called marketing management. Management has several classes to can take, and several of careers to pursue. Those classes are similar to other professions; Marketing and Administration which have similar classes to take. Business Management was essentially created around 7200 B.C., the Ubaidians, of Sumer created the first ... Show more content on Helpwriting.net ... There are many of tasks that are used daily in business management. Such as, coordinating and being involved in promotional activities. To improve product or services direct or help with marketing ideas. Evaluate financial aspects, to improve customer satisfactions. Conduct a list to describe product and service offerings. Direct hiring by training and watching future employees performances to help them know what to do when they enter the field, so they can help improve services. Communicate with vendors to improve distribution. Also they analyze date, make crucial business decisions and supervise a single department. There are many of skills that are required in business management. Skills, such as: active learning, active listening, critical thinking, reading comprehension social perceptiveness, speaking, judgment and decision making, monitoring, persuasion and lastly complex problem solving (Job and Career Accelerator). There are also many abilities that are required to be mastered before pursuing a career in management. These abilities consist of oral comprehension, oral expression, written comprehension, deductive reasoning, written expression, fluency of ... Get more on HelpWriting.net ...
  • 11.
  • 12. Business and the Economy Business and the Economy 1. Business is one of the principal elements fueling the economy and the way that functions reflects on society as a whole. Businesses are responsible for the creation of a competitive market and it is only safe to say that they make it possible for a community to achieve economic progress. Individuals in a competitive environment feel pressured to act as effectively as possible and they are thus enabled to put across behavior that contributes to the wellbeing of the economy. Even with the fact that businesses are not exactly meant to cause a great deal of social benefits, they are nonetheless essential in keeping the economy alive. Although it would be absurd to claim that businesses has a moral role in society, one can claim that it is one of the most important tools assisting people achieve progress. Many people experience stress as a result of their involvement in the economy, as they are unable to keep up with the fact that it is constantly growing and they end up being unable to sustain themselves. 2. In spite of the fact that people generally focus on public and private entities when they think about the economy, nonprofit organizations are also an important actor in the economy. Public institutions are in charge of producing goods and services that are generally considered to be wanted by everyone. Private agencies focus on providing people with personalized goods and services and are largely dependent on market–competition in order to ... Get more on HelpWriting.net ...
  • 13.
  • 14. Business Ethics Case Study Analysis: In Business Ethics And Corporate Governance By Name Course Professor University City/State Date Introduction; The workshops analyses the cases given in regard to business ethics and corporate governance. Discusses the way out and gives the recommendations on what the business should do to achieve their goals. The cases stress on the business ethics and open our minds on their importance in a business. They are responsible of determining the company's image for example in the case where they are not taken seriously and broken they give the company name and when they are followed they build the company's name leading to the growth and many benefits (Jennings, 2011). The cases outline the importance and ... Show more content on Helpwriting.net ... These will be a bit more expensive but in terms of time and money but it will be worth since the company lost almost a third of the company asset trying to venture in the business which at the end was a total failure hence huge loss (Allen & Ferrell, 2005). 3. Analysis and Evaluation From the case it's clear that for the past years that is from when the company was established till year 2005 the company was recognized for its good conduct over the past years and when it was first involved in the scandal it affected the business greatly. There had been other misconduct but the government was used to protect them but during the time they were sued by the attorney general sued them for the finite insurance (George, 2009). The scandal largely affected the company since by that time other insurance companies were joining the market hence they lost their clients to their competitors. Also the company breached the trust clients had in them, also to their admirers leading to the company's damaged image and these have had effects on various groups in the company and they include consumers, employees, investors, and the government (Allhoff & Vaidya, 2008). Consumers: these are the people who buy services and products from the company. The company deals with insuring other large firms for example manufacturing industries, air craft companies, banks, other insurance companies. ... Get more on HelpWriting.net ...
  • 15.
  • 16. Majoring In Business The area of study that I am drawn to is business. I remember in elementary school when my teacher asks me what I would like to be, my first responds was to become a teacher. All through Elementary school I keep up with this dream that I would one day become a teacher until I realized that I did not like kids as much. In middle school, I was encouraging to become a lawyer. A lawyer was something that I thought would fit for me because I am good at debating different topics. With the help of research, I learned that become a lawyer required a lot of writing. Writing is something that I struggle with which cause me to doubt my potential of become a great lawyer. My love for business took places when I enrolled in a principle of business and finance class. Learning about all the work it takes to run a business made me wanted to learn more about what it takes to become a business owner or work for a business. ... Show more content on Helpwriting.net ... I would say that my best challenge so far is deciding what can of career I can get with a business degree. I know that many people can received an associated degreed in business in least then 2 years. I worry that when I get out of college from receiving my master degree would I have to compete with someone that just spent 2 years in college. One of the awards of receiving a business degree is knowing that I can still help people. When I choose to become a teacher, I wanted to be able to change someone life around and make someone happy. Working in the field of business I can help people with their finance or start a business that can change someone perspective of their ... Get more on HelpWriting.net ...
  • 17.
  • 18. Business Strategy For A Business Table of Contents Introduction 4 Business strategy 4 Collaboration and sharing 4 Work and environment flexible 5 Instant Connection with Customers 5 Online Stores 5 Employee Training 5 Accounting 5 The Internet 5 Time Management 6 Start–up Costs 6 Storage 7 Marketing 7 Advertising 8 Information 8 Communication 8 Efficiency 9 Competitive Advantage 9 Economic Efficiencies 9 Major business areas 10 Banking 10 Automobile 10 Entertainment 10 Employee management 10 Hospitality 10 Education 10 Share market 10 Import/export 10 Manufacturing 10 Travel 10 Retail 10 Fashion 10 Advantages of Technology to Business 10 Reference 12
  • 19. Introduction Innovation gives an extensive variety of tools entrepreneurs can use to guide their new organizations through the start–up and development stages. Small business accounting, advertising and communication have been upset by advances in computer, network and communication innovations, and organizations in a scope of businesses persistently adjust to exploit innovative advancements. Small organizations depend on technology to help them work every day. From smart phones Internet abilities to printers, online document stockpiling and Web–based applications, innovative advances affect small organizations crosswise over different commercial ventures. Technology can possibly influence small business in positive and antagonistic courses, contingent upon the objectives a business has a setup, the products they decided to utilize, and how well business ... Get more on HelpWriting.net ...
  • 20.
  • 21. Business Ethics Business Ethics – Assignment 1 1. The Sales Rep. A sales representative for a struggling computer supply firm has a chance to close a multimillion–dollar deal for an office system to be installed over a two–year period. The machines for the first delivery are in the company's warehouse, but the remainder would have to be ordered from the manufacturer. Because the manufacturer is having difficulty meeting the heavy demand for the popular model, the sales representative is not sure that the subsequent deliveries can be made on time. Any delay in converting to the new system would be costly to the customer; however, the blame could be placed on the manufacturer. Should the sales representative close the deal without advising the customer ... Show more content on Helpwriting.net ... As an MD for a brewing company, her job entails for her to be able to target this youth group and get them hooked unto their beer. The case states that there is a lot of competition. They need to find a unique selling point, which makes them different in selling the same product. The director herself is uncomfortable with the tricks used to attract their attention. I think she should go along with her competition, because even though there is a drinking age of 18+ or 21+, kids hardly follow these rules anyway. Even though she herself doesn't believe in encouraging underage drinking, she should be aware that these tricks aren't solely responsible for the youth of today and their drinking habits. She can advertise her alcohol, with her brand name without graphical descriptions of parties – this way she can compete with her rivals and at the same time incorporate a little bit of what she believes in. Ethically, it would be wrong to encourage something that is against the law, but in my opinion from the business view, when competition is there the aim is to be on top of it. 4. The CEO. The CEO of a midsize producer of a popular line of kitchen appliances is approached about merging with a larger company. The terms offered by the suitor are very advantageous to the CEO, who would receive a large severance package. The shareholders of the firm would also benefit, because the offer for their stock is substantially ... Get more on HelpWriting.net ...
  • 22.
  • 23. Business Activities At The Business Premises A. Seller has conducted its business activities at the Business Premises under the name of the Business. To the best of Seller's knowledge and information, no other person or entity has conducted the same or similar Business at the Business premises, and no other person or entity has any interest in or right to use any of the Assets not previously revealed to Purchaser. B. No person, other than third–party trade creditors, has provided Seller with any inventory, equipment, fixtures, or financing for Seller's operation of the Business that has not been fully paid for by Seller. C. All commissions, salaries, bonuses and/or compensation due Seller's employees for services rendered prior to settlement are to be paid in full by Seller by ... Show more content on Helpwriting.net ... G. To the best of Seller's knowledge and information, there is no pending litigation involving Seller as a party, regardless of whether such litigation involves, addresses, or pertains to the Assets, the Business, or the Business Premises and that there are no threatened claims against Seller pertaining to the Assets, the Business, or the Business Premises. H. Seller has not received any notice, demand, or request from any federal, state, or municipal authority for Seller to take any action to cure any circumstance or condition existing on or relating to the Assets, the Business, or the Business Premises. I. Seller has clear and marketable title to the equipment being sold except as may be noted elsewhere in this Agreement, is duly authorized and empowered to convey said assets, and will deliver the Assets free and clear of any and all accrued liabilities. J. To the best of Seller's knowledge and information, Seller has complied with, and shall to settlement continue to operate the Business in accordance with applicable all laws and regulations. K. Seller has paid or will pay in full, to the date of settlement, all applicable withholding, sales, Social Security and unemployment insurance taxes. L. There shall be no judgments, actions, liens, or proceedings outstanding or pending against Seller or any Asset in any tribunal at the time of ... Get more on HelpWriting.net ...
  • 24.
  • 25. Benefits Of Business In Business Think of a product or service that you use regularly and describe what it is. Consider if you were an entrepreneur just starting up your own business to develop and sell that product. How would you go about developing a team to help you? What kinds of people would you select to be on your team, and why? How would you meet these people and convince them to join your team? How would you motivate this team to continue to dedicate time or resources into your business venture? This should be a detailed and specific plan. This assignment should be a minimum of 500 words in length. The product that I would like to sell in the area where I live is a portable heater, EdenPURE TrustedCOMFORT with Solid Copper PTC and Remote. This product is ... Show more content on Helpwriting.net ... Members of a team can be very competitive and fight for dominance. Members may not necessarily get along in a friendly manner. Therefore, I need to work to improve communication channels and make them cooperate among themselves. Additionally, I need to promote the members to work together as a team. As a team, they need to share information and assist other members if necessary. Finally, I need to set common rules, a shared vision, team values and goals. When the team members know what is expected of them they will form a strong bond to the business and its member's thus increasing productivity and efficiency. In order to build a productive and effective team for my business, I would select people from different backgrounds, skills, and talents. A diverse group will be ideal because they will excel in different areas and solve problems effectively. Each member of my team should have different traits: communicator, strategist, critical thinker, administrator, task oriented, and an innovator (https://statushero.com/blog/7–types–of–people–you–need–on–your–team/). A member with good communication skills would foster transparent dialog among members and would be friendly with the clients. "The Communicator helps to keep the team on track by facilitating the transfer of ideas and messages" (https://statushero.com/blog/7–types–of–people– you–need–on–your–team/). A strategist member is an individual who understands the vision of the project and plots the course from beginning ... Get more on HelpWriting.net ...
  • 26.
  • 27. Principles Of Business: Production Name of Candidate: Samantha Simon Topic: Establishing a Business: Production Name of Business: Otaku Café School: Antigua Girls' High School Date: 15th March, 2014 Table of Content Page 3 – Acknowledgement Page 4 – Introduction Page 5 – Description of the Business Justification of Location Selection of Appropriate Labour Page 6 – Source of Fixed and Working Capital Roles of the Sole Trader Page 7 – Types of Production Level of Production Quality Control Measure Uses of Technology Page 8 – Linkages Potential for Growth Government Regulations Page 9 – Ethical Issues Page 10 – Bibliography Acknowledgements The successful completion of this SBA would not have been ... Show more content on Helpwriting.net ... Level of Production Production in the business will be on a domestic level, only producing for the local market as it is a more plausible level of production and more fiscally sound. Quality Control Measures Quality control within the business will be maintained through the strict adherence to recipes set for products, the hiring of mostly skilled workers and regular quality checks so as to ensure output of only optimum products and services to the customers. Use of technology Technology used in the business Internet Point of Sales system Accounting software (QuickBooks) Linkages The business will be involved in linkages with wholesale suppliers or producers of coffee, tea and
  • 28. other such beverages as well as suppliers or producers of fruits or fruit jams such as local farmers, producers of flour, dairy products and other suck materials needed to produce the goods of the cafe, to create an economic flow locally and to increase possible output and profit. Potential for Growth Growth within the business will be expected and hopefully the business will have to eventually move to a larger location, purchase more equipment to keep up with product demand and if possible, maybe even open other branches ... Get more on HelpWriting.net ...
  • 29.
  • 30. Role Of Business In Business "The responsibility to society is that of government; certainly not that of business" Discuss the role of business in the social development of the communities in which they operate. Corporate Social Responsibility, More Than Charity Work an article written by Don Wehby where he stated that "all companies have obligations to the society and environment in which they operate that go beyond simply following the law". The responsibility of social development is a share responsibility of government, citizens and the businesses that operate in these communities. According to Investopedia.com social responsibility is the idea that businesses should balance profit–making activities with activities that benefit society; it involves developing businesses with a positive relationship to the society in which they operate. The relationship to the society and environment in which businesses operate is a critical factor in their ability to continue to operate effectively. It is also increasingly being used as a measure of their overall performance. According to ***** until the 1960s, profit maximization was considered the primary business goal. However, in the 1970s and 1980s, due to the higher intensity of globalization, IT development, higher level of people's education, strengthening of associations for the protection of human rights, associations for environment protection, and so on, pressures increased for companies to start doing business while considering the well–being of the ... Get more on HelpWriting.net ...
  • 31.
  • 32. Business Strategy For A Business Table of Contents Introduction 2 Business strategy 3 Collaboration and sharing 3 Business areas which use IT 3 Work and environment 3 Instant Connection with Customers 3 Online Stores 4 Employee Training 4 Accounting 4 The Internet 4 Time Management 5 Start–up Costs 5 Storage 6 Marketing 6 Advertising 6 Information 6 Communication 7 Efficiency 7 Competitive Advantage 8 Economic Efficiencies 8 Advantages of Technology to Business 8 Reference 9 Introduction Innovation gives an extensive variety of tools entrepreneurs can use to guide their new organizations through the start–up and development stages. Small business accounting, advertising and communication have been upset by advances in computer, network and communication innovations, and organizations in a scope of businesses persistently adjust to exploit innovative advancements. Small organizations depend on technology to help them work every day. From smart phones Internet abilities to printers, online document stockpiling and Web–based applications, innovative advances affect small organizations crosswise over different commercial ventures. Business strategy IT creates new opportunities for innovation in products and services. Services which used to be delivered in person can now be delivered online. Among the key levers are:
  • 33. Re–sequencing: including parallel processing of data–bases Simultaneity: making information instantly available in several systems (e.g. via OLE) Time extension: offering 24 hour a ... Get more on HelpWriting.net ...
  • 34.
  • 35. Women in Business Women Entrepreneurs in Business While women still face an uphill battle when it comes to breaking the corporate glass ceiling, many women are finding success these days as entrepreneurs, building their own businesses without those ceilings to hold them down. The growth rate of women–owned businesses has climbed steadily, even as they continue to face challenges with getting the financing and other assistance they need to succeed. However, there's no doubt that women entrepreneurs are, as a group, innovative and highly successful. "Look at women in business today, and you see a distinct new generation of Entrepreneurs. They are experienced, educated and have an appetite for growth." – Julie Weeks, Director of Research, Center for Women's ... Show more content on Helpwriting.net ... Within just one month, it had surpassed Donahue as the #1 local talk show, and within a year it was renamed The Oprah Winfrey Show. It has remained the number one talk show for 18 seasons, has won dozens of Emmys, and is seen by an estimated 30 million viewers a week in the United States and is broadcast internationally in 111 countries. Not content to work for someone else, in 1988, Oprah founded her own production facility, Harpo Studios. Since then, it has grown into Harpo, Inc., which employs around 250 full–time people in television and film production, magazine publishing, and online media. Although she's a billionaire (the first black woman to achieve it) with a long list of business accomplishments and awards, Oprah told Fortune Magazine, "I don't think of myself as a businesswoman. But by most people's accounts, she's the most powerful woman in the entertainment industry. Mary Kay Ash, the founder of Mary Kay Cosmetics created a business that has helped some half a million women fulfill their dreams of business ownership. A best–selling author and powerful motivational speaker, Lifetime Television named her the Most Outstanding Woman in Business in the 20th Century. With her life savings of $5,000 and the help of her 20–year–old son, Mary Kay opened her first store in Dallas, Texas in 1963. Mary Kay Inc. started with just nine independent beauty consultants. She based the company's philosophy strongly on her Christian faith. She told her people to ... Get more on HelpWriting.net ...
  • 36.
  • 37. Business Environment Department of Marketing Dhaka University Course Name: Business Environment Preface The objective of this course is to provide requisite knowledge for successful business manager. To develop the understanding of the cultural, demographic, social, economical, political, technological and legal environment within which the business operates. Provide knowledge on how to adapt with the changing environmental situation. It also discusses the issues related to the relationship between business and society. The question is how much we have learnt from this course? Let us find out the answer to this question. Global Environment The global environment or total environment is an enormously complicated, dynamic and changing ... Show more content on Helpwriting.net ... Therefore it is not unrealistic to state that a good job of business is a good job of adapting to the total environment, each and every part of it. The Business Environment Business environment consists of the forces that effect business manager's ability to develop and maintain successful transactions with its target customers. The changing and uncertain business environment certainly affects the company's activity, and at the same time, the ability to earn profit. Thus a business should carefully watch the changing situation of the environment. The business environment can be divided into two parts. 1. The Micro Environment 2. The Macro Environment The Micro Environment The micro environment consists of the forces close to the company and to some extent these factors are controllable. These factors include:
  • 38. 1. The company 2. Suppliers 3. Marketing Intermediaries 4. Customers 5. competitors 6. Publics. 1. The company: There are various specialized departments i.e. purchasing, manufacturing, financing, marketing, research and development etc. All these interrelated activities formed company's own environment and thus have an impact on company's plans and actions. These departments should work together to provide superior customer value and satisfaction. 2. Suppliers: Suppliers provide the resources needed by the company to produce goods and services. Businessmen must carefully watch the ... Get more on HelpWriting.net ...
  • 39.
  • 40. Are Profits The Only Business Of Business? Are profits the only Business of Business? What is the corporation's social responsibility? Many might say the main idea is that a corporation must go further than carrying out their basic function of purely making profits. A corporation must create wealth in ways that avoid under minding society, and instead enrich the society it operates in. The term "corporate social responsibility" has been defined in numerous ways; from the constricted economic perception of increasing stockholder wealth (Friedman, 1962), to economic, legal, ethical and flexible strands of accountability (Carroll, 1979) to good corporate social responsibility to citizens (Hemphill, 2004). These disparities differ from fundamental assumptions of what corporate social responsibility involves. However, one has to keep in mind that the CEO of any corporation is legally the agent of the stockholder, and must focus on what the shareholder wants. More often than not, the shareholder would prefer profits for individual gain rather than spending their money on social projects. Stakeholder groups have increased their influence to enact their agendas. Using profits to fund schools and partake in fixing the environment are all great and wonderful things, but this social tax of using profits for social ends projects goes entirely against democracy. Or does it? Who should truly be held responsible for stakeholders around the corporation? Is it the responsibility of the government, philanthropists, employees, its ... Get more on HelpWriting.net ...
  • 41.
  • 42. Business 2014 An assignment on Customer service Contents Introduction 3 1.1 Discussion on the reasons for using customer service policy 3 1.2 The purposes of evaluating a customer service policy, indicating how this can assist future staff training and development 4 2.2 Evaluation of different communication methods and how these used to best effect 5 2.2 Analysis on customer perception is influenced by customer service provision 5 3.1 Sources of information on customer requirements and satisfaction levels 6 3.2 Carry out research on customer requirement and satisfaction levels for a selected business, suggesting potential improvements 7 4.1 Delivering customer service in a business 8 4.2 Review own performance in the delivery of ... Show more content on Helpwriting.net ... There are some logical reasons for developing enterprise service quality index in Enterprise rent a car company. The first thing is that the company can easily gather information about the customer satisfaction through this survey conducted on them. The company identifies its loyal customers and the potential customers those are going to be loyal in future. ESQi method works with the two important term the quality and the service. The company contacts with its customer to receive their live response over telephone and if they find any customer who is not satisfied, they note the reasons what was the problem and thus they develop the problems and influences them to come back again in Enterprise rent a car company. Another reason behind the development of ESQi is that it influences the employees t o provide the best service to their customers. The company publishes the ESQi score quarterly in the organization so that everyone can see the score and particularly his position in the rank. The company determines the list of the employees who are going to get promotion in next time with the help of this score. As the members of the company are aware of this fact they won't to stay behind in this score and that's why they perform their best regarding the rental activities of the company. 1.2 The purposes of evaluating a customer service policy, indicating how this can assist future staff training and development Friedman & Miles (2006) ... Get more on HelpWriting.net ...
  • 43.
  • 44. Business Texting Reach Customers Easy and Fast with Business Texting According to Forbes Magazine, mobile marketing is the future of customer communication. Forbes cites that over 80 percent of adults own a phone and over 90 percent of adults keep their phone within arm's reach. In fact, over half of mobile searches lead to a sale. Therefore, business texting is essential to business success. Here are three reasons why business texting is critical to your marketing plan. http://www.forbes.com/sites/cherylsnappconner/2013/11/12/fifty–essential–mobile– marketing–facts/ Business Texting is Optional Mass marketing relies on the principles of saturating a target demographic or random members of the public with advertising. However, business texting is an opt–in service. That is, consumers voluntarily provide their phone number and are free to opt–out at any time. Therefore, the target audience will be consumers who are already familiar with the product or service. As a result, you can reduce wasted marketing costs while accurately reaching your target market. Keep in mind that business texting will always rely on traditional advertising forms to establish and maintain and customer texting database. It Increases Consumer Engagement ... Show more content on Helpwriting.net ... When it comes to email, consumers are tired of dealing with spam and banner ads. Since texting spam is still in the infancy stage, phone users aren't as jaded as they are compared with traditional email. In addition to this, text messages are quicker, shorter and easier to read. Keep in mind that 25 percent of adults only have a smartphone to access the Internet. Therefore, the conversion process and rates for a business text is much higher. Business texting is also an excellent opportunity to directly engage consumers in conversation while improving the Customer Relationship Management (CRM) ... Get more on HelpWriting.net ...
  • 45.
  • 46. Business Informatics 1008ICT Business Informatics – Assignment Question 1 – A Question 1 – B In order to make the change for Champions location from Sydney to Perth, I used the Find & Select button located at the top right hand corner of the toolbar. Select 'Replace' from the drop down menu. When it opens it allows you to find what you would like to replace and with what. I entered Sydney in 'Find what' and Perth in 'Replace with'. I then clicked on 'Find Next'. It searched the document and found the first instance of 'Sydney'. In my case the first selection did not need to be changed so I clicked on 'Find Next' again. This time it selected an entry that needed to be changed so I selected 'Replace' and continued ... Show more content on Helpwriting.net ... This area is key to a successful campaign and using the data I would be able to move extra resources as needed to ensure that the first visit could start without delay. I would then move on to the Print Advertising to make sure that advertising started in each State or Territory on time. I would then continue to review my critical plan analysis once the visits begin to ensure that the campaign continues to run smoothly. Unfortunately, there are factors out of my control that may affect my planning (i.e. flights being delayed etc), so I have to make sure that I have resources available to be able to adapt should the worst occur. Question 4–D Reference List Baier, T & Nerwirth, E, 2007, Excel:COM:R, Computational Statistics, vol 22, pp91, viewed 19 May 2013, via Griffith Library Database. Lilien, G; Rangaswamy, A; Van Bruggen, G; Starke, K, 2004, DSS Effectiveness in Marketing Resource Allocation Decisions: Reality vs. Perception, Information Systems Research, vol 15, pp 216, viewed 15 May 2013, via Griffith Library Database. Palocsay, S, 2010, Utilizing and teaching data tools in Excel for exploratory analysis, Journal of business research, vol 63, pp 191, viewed 19 May 2013, via Griffith Library Database. Kroenke, D & Bunker, D & Wilson, D 2010, Experiencing MIS, Person Australia, Frenchs Forest, ... Get more on HelpWriting.net ...
  • 47.
  • 48. Business Opening Opening up a business may be one of the hardest things one can do. There is a great amount of effort that goes into creating a business and even greater effort to make it successful. Before opening a business, owners are obligated to keep fresh, open ideas, have good management, and being able to financially sustain their business. Even this may not be enough to create a striving, successful business. There are many factors that go into whether a business is successful or a failure. One of the main reasons why small businesses fail is because of the owners/entrepreneurs themselves. This mainly goes for poor management skills that bring businesses to their demise. Owners who are stubborn, greedy, and self–righteous often don't do what's ... Show more content on Helpwriting.net ... Also, all successful businesses must know how to give the people what they need. Social networking is a great way of finding out what consumers need and what they are mostly looking for. It is also a great way to advertise products/services that they are offering and persuading the people to buy from them. Blockbuster has come a long way since its beginning in 1985. They were once the leading competitor in the movie distribution business, but came to a downfall due to some mistakes. In theory, Blockbuster was bound to fail due to technological advances that would hurt them. Blockbuster was not able to adapt to these changes, and continued to invest more money into this declining business. According to the article "Blockbuster Bankruptcy: How bad business Led to Demise", the company filed for bankruptcy just weeks before its 25th birthday. Instead of getting out while they could've, their managers decided to waste more money on schemes to attempt to keep the business alive. Netflix is one of the most popular movie franchises in the world, if not the most. Something as simple as renting movies has been able to become a multi–billion dollar business in a matter of years. It may seem like it all happened overnight, but in reality it took Netflix years to become as successful as it is today. According to the "Secrets of my success: Netflix" article, the genesis of the Netflix idea came in 1997. It started off as a movie–rental business in the mail and quickly ... Get more on HelpWriting.net ...
  • 49.
  • 50. Business Writing Improving Business Writing Why is writing important in business? Writing is essential in any form of business. We use writing in all types of communication such as: email, facsimile, letter writing, etc. Writing skills are important to the business professional because it prepares the workplace for well–written business communications. The three topics I will cover can serve as an outline for improving writing skills in businesses. The topics are principles of business writing, how to write an effective business letter, and how to improve business writing within the company. These topics will aid in examining and improving our company's employees writing skills. First, there are "four principles of writing: Empathy, ... Show more content on Helpwriting.net ... Following the Attention Line is the Body. The body contains detailed information about the topic. The body includes the introductory paragraph, one or more body paragraphs, and a concluding paragraph. Finally, there is the closing. The closing is usually ended with a complementary closing and signature. A list of examples include: Sincerely, Cordially, Best regards, and Yours very truly. Remember to capitalize the first word in the complimentary closing and end it with a comma. After the closing, there is a copy line. When the copy line is used, other people know who will be receiving a copy. The copy line usually includes a symbol: c: for copy, pc: for photocopy, and bc: blind copy (used only to limit readers of other copies). The names of the recipients should follow these symbols listed in organizational rank (Writing@CSU: Writing Guide, 2004, p. 1). All of the components discussed above are effective ways to write an effective business letter. An effective business letter speaks to a specific reader. Therefore, the right type of business letter must reach the reader. The most common types of business letters are: 1) Acknowledgement Letters, 2) Adjustment Letters, 3) Complaint Letters, 4) Inquiry Letters, 5) Order Letters, and Response Letters. (Writing@CSU: Writing Guide, 2004 p. 1). These type letters helps guide the reader to understanding what the writer intended. Nothing can be more ... Get more on HelpWriting.net ...
  • 51.
  • 52. Business Jude Kisang Asongwe 49 Valley Road New Park Village Wolverhampton West Midlands WV10 0NY United Kingdom Em: ASONJUDE@YAHOO.CO.UK Tel: +447585090663 Dear Sir/Madame, Motivation Letter The objective of this letter is to explain my motivation to study the Masters in Sustainable Development in Agriculture offered by Agris Mundus. I completed from Larenstein University of Professional Education in The Netherlands with a Bachelor Honours Degree in Agribusiness and Management. Since 2004 after I completed the degree program, I have gained experience in Business Management through teaching and learning. The Masters in Sustainable Development in Agriculture offered by Agris Mundus will enable me to get more experience in the management of ... Show more content on Helpwriting.net ... The career and financial reward after the completion of the Masters program is also a motivator for me. The job market is highly competitive and the higher the qualification, the more likelihood it is to get a professional job. Giving the quest for qualified staff in business and management related fields, it is therefore motivating to pursue a Masters program. I am serious, hardworking, and prepared to do the course despite the challenges that it has to offer. I have had good managerial experience and knowledge in the field of business and management which will guide me through and enable me to withstand these challenges. It's always been my desire and aspiration to undertake a Masters course in International Business and Economics. My parents and siblings inspired me and they have been the backbone and one of my greatest motivators for my desire and eagerness to do the Masters Course in International Business and Economics. A Masters in Sustainable Development in Agriculture will enable me to understand and apply business concepts and techniques to sustain businesses and prevent them from insolvency or bankruptcy. Giving my interest and experience in the field of business management, I am eager to deepen my knowledge in Business management. The program will give me the opportunity to put ... Get more on HelpWriting.net ...
  • 53.
  • 54. Business Analysis Introduction The sources of new business ideas come from a variety of places. It could be from a problem that needs to be solved from a consumer, existing knowledge in a business and a vision to improve, or recognizing an alternative use for a new technology. While ideas are plentiful, the ability to bring that idea to fruition, and create a profitable business from it, is much more difficult. Examples The example from chapter 4 was interesting on Elon Musk (Hisrich, Peters, & Shepherd, 2017). His ability to build a business, sell it, then build a bigger business, gives insight that he is more interested in solving large seemingly insurmountable, problems than holding on to a business. Musk is not afraid of big risks. His legacy ... Show more content on Helpwriting.net ... Failure can appropriately encourage better choices in the future. His idea generation came in the form of knowing the business he was getting into and combining another business to complement the current venture. Without moving forward in his education and obtaining a job to learn how to dig into financials of a company, he would not have had the opportunity to generate his idea. There is a video that is shown in many continuing education classes on IDEO, which is a company in California that takes an existing product and makes it better. Through observation, industry study, and a variety of other methods, the innovation team that consists of a biologist, psychologist, MBA graduate, and an engineer, among others, generates ideas through problem solving and creative visualizing. They quickly boil down the ideas into something that can be manufactured and meets core requirements of the customer to produce prototypes. They take the best ideas from the prototypes and create the final recommendation. Their structured process to idea creation is fascinating, from a diverse team aspect, as well as efficiency. It seems chaotic at times but repeatedly they have produced products for existing companies such as the new shopping cart at Fresh Market and Whole Foods, shoes that pump up and toothbrushes with varying bristle lengths. Another example of a product created ... Get more on HelpWriting.net ...
  • 55.
  • 56. Questions On Business My business "Ralph's Remedies" has been doing great in business and I have realized that I need a digital dashboard to help me operate my business better. I am going to use my digital dashboard to help me keep track of of inventory to know how much merchandise and prescriptions are sold in a day to maintain products people buy and keep them in stock. Watching trends at the end of every day can help my business have correct products and the right amount of inventory. I would keep up with management to know what customers are saying and if they are satisfied with how the business is going. It can help me gather information to know what customers are looking for and how it can benefit my business. Using the digital dashboard I can keep up ... Show more content on Helpwriting.net ... Maintaining stock helps keep a better flow and customers will always be able to purchase what they need. Second is to make sure to have enough staff and making sure to schedule fewer people during slower hours and watch for trends when it is busy or slow. Last, making sure bills are paid on time and are kept up with properly. Ordering Process To review the ordering process for "The Broadway Cafe" to make sure it is efficient and effective I would change counter A to where a customer is able to order both their meal and drink at one place. This will benefit both the process of getting a meal and make it easier for customers to order everything they need at one spot. Counter B should be used as just food pick up and counter C for picking up your drink so things do not get crowded in one area. Counter D could be with counter A so when you order your meal you can go ahead and pay. Counter E is necessary where it is and removes bottlenecks. To–Be process Changing around where medication is ordered, picked up, and paid for to just one area makes it easier for customers to get everything at one spot rather than having a section for each one which will be more efficient. When waiting for medication to be picked up customers can look around at products and might buy something else. Once the prescription is ready and they have questions there is a separate area to talk to the pharmacist privately. With three easy steps of ordering/picking ... Get more on HelpWriting.net ...
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  • 58. Business Vs. Government Owned Business Most Military Soldiers believe that when they get out of the Military and start a business that there is only one type of business they can own. They also believe that they will not have any problems in achieving their own business goals and will have stability in that business. This is why they have to set long and short term goals. Look at privately owned business vs. government owned business and the pros and cons of making your choice of business. When making that choice of either business type education level, wages, benefits, and total compensation are an affecting factor to a positive or negative outcome. Accomplishment, Issues, and Concerns The state of this project, including accomplishment, issues, and concerns are as followed: when doing the research, finding sufficient information to support the entire topic outline is difficult to find, narrow down, and changes from country to country. However, the choice of privately owned business vs. government owned business have been broken down into a small sample population of ten Military Soldiers out of twenty–five that are attending a class called, "Boots to Business." While looking at the pros and cons of education level, wages, benefits, and total compensation, one can become somewhat familiar with the research topic by experience, while testing the validity, reliability, and obtain the purpose of this research. The ten Soldier names and identity will stay confidential and private; unless otherwise ... Get more on HelpWriting.net ...
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  • 60. 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 smooth‐flowing 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 on Helpwriting.net ... Include everything that you would cover in a five‐minute 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 ... Get more on HelpWriting.net ...
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  • 62. Outline Of A Business Plan For Your Tutoring Business Goal: July SEO Content Pack RichTutor.com Total Words in this Document: Title: July SEO Content Pack RichTutor.com Article: How to advertise tutoring 3 Ways to Advertise Your Tutoring Business You might feel like shouting your new tutoring business from the rooftops, but that's not the most effective way to advertise your new tutoring business. Developing a solid marketing plan for your tutoring franchise involves setting realistic, measurable goals, and the vital steps to accomplish each goal. It's important to think about your market. Will you be primarily tutoring children? If so, your market may be wider than just the parents of your prospective clients. Think outside the box – your audience may also include their teachers, ... Show more content on Helpwriting.net ... Make sure that the information you send is timely and newsworthy – grand openings, special events, responses to studies or reports, and expansions are all great reasons to write and send press releases. Consulting with a marketing firm that specializes in advertising for tutoring franchises, like Rich Tutor Marketing, can help you set a direction for your advertising and marketing plans. Article: Tutoring franchise The Pros and Cons of Tutoring Franchises The tutoring industry is ballooning, expected to exceed $102 billion in 2018. It's a great way for adults of all abilities and interests to not only earn money running their own businesses, but to make a difference in the lives of children and adults looking to improve their studying habits, understand complicated classes, and raise their grades. In North America alone, new franchise opportunities are popping up daily, giving these interested individuals a variety of tools designed to grow both their businesses and the studies of their customers. Just like any other venture, though, there are both advantages and disadvantages to purchasing a franchise of a larger parent company.
  • 63. Pros of Buying a Tutoring Franchise You can pull from the marketing and branding done by the parent company. They invest a great sum of the money that they earn into publicizing the work and system of their program, and ... Get more on HelpWriting.net ...
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  • 65. Business Plan For A Business Starting a business can be very difficult. It can often take an immense amount of start–up funds that new entrepreneurs don't have. However, based on the point in someone's life at which they want to begin a business endeavor, their credit score may not allow for approval of certain loans or funds. Therefore, a new company, ZipCap, has started an innovative approach to borrowing funds for small business owners. For ZipCap, "The aim is to offer small retailers like restaurants, boutiques and service providers access to low–interest loans financed by investors with a vested interest in supporting a local economy (Cowley)." For many small business owners, they often fail before they can even get through their first sales quarter due to unexpected costs and lack of funds. ZipCap aims to fix this problem. A San Francisco based company, operating all across the country however, appeals to the mom and pop shop that gets doors slammed in their face by big banks. ZipCap aims to be just as much as a pivotal member in the community as the local business it is helping is as well. As ZipCap itself is also in its infancy, its first 'guinea pig' company is Beezy's Café in Ypsilanti, Michigan. Open for six years, while Beezy's has much acclaimed around the local community; to banks it is an immense liability. It isn't immensely profitable; its owner has no collateral or property to own (including the actual restaurant which is leased). However, these are not red flags for ... Get more on HelpWriting.net ...
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  • 67. Disadvantages Of E-Business E–business is the short form of electronic business. E–business is the conducts of business which using internet to process. Electronic business, or e–business, is the use of the Internet to conduct business. This is a lucrative and highly profitable domain (Natasha Gilani, 2017). The process of e– business is include the buying and selling goods, supplies and services, process payments such as Maybank to you, servicing customers, control and managing the products, sharing information between one and other, recruiting, collaborating with your business partner, and running automated employee service. The industry's e–business adoption lags behind similar industries such as tours and travel (Article, 2013). One of the major types of e–business ... Show more content on Helpwriting.net ... It is a transaction which business sell their goods or service to the consumer. For example, consumer could do online reservation for the air ticket themselves by using the airline reservation system. For more instance, consumer could book their room through the hotel page nowadays. Next of the major types of e–business for hospitality industry is the Business–to–Business (B2B). Business–to– Business is the online business which selling the goods to the other business. This type of e– business is for the aim of conducting commerce or business between one companies with another company as they exchange the electronic documents in purchasing the goods and service. Companies which using B2B E–commerce could improve the relationship and communications among the other companies. Companies which using Business–to–business are incline to be high volume and not focus on small transaction result. Example for Business–to–Business in hospitality industry is the corporate customers, government, company trips, Event Company, or wedding planner plan to have a stay in the hotel or book the event room or banquet with huge number of member. Another example is a company reserve an airplane seat with a large number which go for a company trip. ... Get more on HelpWriting.net ...
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  • 69. Designing A Business Strategy For Business Customizing Complex Buying Processes Buyers with house accounts are easier to shepherd through complex buying processes such as purchase–order systems, gaining multiple approvals for business buys, authorizing multiple account users and developing long–term relationships and business partnerships. Many B2B companies are moving toward using their platforms as marketplaces for multiple vendors, manufacturers and B2B sales companies. Offering house credit is a good first step for positioning a B2B company at the top of the chain for this forward–thinking business strategy. When companies share financial interests,. it 's easier to work together from shared marketing platforms. 3. Fulfillment Convenience Applications Customers enjoy faster processing of their orders when they 've been qualified for an account because no immediate payment arrangements are necessary. B2B companies have all the information they need to ship immediately, and customers with accounts generally provide more complete information about their companies, buying habits and financial strengths so that eCommerce platforms can segregate them with the high degrees of accuracy. When salespeople know a company 's limits, they can better target their sales efforts. Gartner predicts that personalization on B2B ecommerce sites will enable companies to outsell their competitors by 30 percent by 2018, and offering customers purchasing accounts delivers the kind of personal service and easier ordering that ensure ... Get more on HelpWriting.net ...
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  • 71. Soaring Eagles Business Pl Business Description SOARING EAGLES BUSINESS PLAN BUSINESS DESCRIPTION With my relevant experience and skills together with my capability in entrepreneurship and management, I am anticipating coming up with Soaring Eagles as the name of the firm that will exclusively be involved in the production and retailing of washing accessories like toilet liners, bar soaps, brushes, soap dishes, and detergents. The primary motivating factor to starting of this business is the increasing demand for such products especially in American society and the developing economies because of tremendous increment in some households. The major force behind this is the population growth in the United Statesand the individuals ' needs to improve their standards of living. BUSINESS ... Show more content on Helpwriting.net ... BUSINESS VISION "To provide and offer value to the customers by guaranteeing high–tech products that are user– friendly and offer maximum satisfaction that no other brand can ensure." The proposed business will concentrate on delivering best quality products to the customers to the extent of achieving delighting to its clients. This will be realized through extensive networks of consumer markets, competent and experienced marketing agents and the resourceful entrepreneur skills from the business owner. MISSION "To ensure maintenance of growth within the washing accessories industry over the years." BUSINESS LOCALITY, CONTACT, AND ADDRESSES Located in Orlando– Florida one miler from Panama Superhighway, I would be in a large city and avoid state income taxes . The business address is: Soaring Eagles, P.O. BOX 86144, Orlando, Florida Phone +1703896512 Hours: Open 8:00 am –5:00 pm. TYPE OF BUSINESS FORM I intend to start a sole proprietorship form of business. This will enable me to achieve all the benefits of the firm including having full control over the business operations and allowing God to be present in those operations. Additionally, I will greatly enjoy becoming my boss, taking time off as needed to spend time with my family. BUSINESS PRODUCT The firm will majorly be involved in production and distribution of washing accessories like bar soaps, washing ... Get more on HelpWriting.net ...
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  • 73. Business Strategies For Sacramento Business College Option 1: Restructuring Help Business strategies are an important part of running a company. By exploring potential options for long–term goals a firm can better plan for their future and remain competitive in their respective markets. This essay will explore the fifteen principal grand strategies and a few other business strategies in regards to how they may benefit Sacramento Business College (SBC) in its long–term success as a firm. In addition to helping SBC consider its options this essay will offer ideas for implementing the best fitting strategies for the college. Sacramento Business College Sacramento Business College (SBC) is a For–Profit College in Sacramento, California. The college operates from a single campus with three ... Show more content on Helpwriting.net ... There are 15 principal grand strategies that are aimed at helping a business reach its long–term goals. Concentrated Growth Concentrated growth is the first strategy of the fifteen principal grand strategies, Pearce & Robinson (2015) define concentration growth as firms that direct resources to the profitable growth of a single product, in a single market, with a single dominant technology. Concentrated growth typically sees the most success in mature markets where the product market is not saturated. Concentrated growth is one of the lowest risk strategies, but only when used in a stable market because it typically does not perform well in a market with a lot of up and down movement. A volatile market could be disastrous if a company focuses in on one product and the market crashes down around it. Sacramento Business College could potentially use concentrated growth to build strength in one of their three major programs to build stronger enrollment and program upgrades. The Information Technology (IT) program would benefit the most from adopting a concentrated growth strategy because upgrading the curriculum would be fairly simple compared the other programs and would be the most profitable program to have increased enrollment in. Market Development Market development is the strategy of rebranding preexisting products, potentially with minor cosmetic changes, and targeting new markets ... Get more on HelpWriting.net ...
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  • 75. Business Environment MODULE –3 Business Around Us Notes 3 BUSINESS ENVIRONMENT nderstanding the environment within which the business has to operate is very important for running a business unit successfully at any place. Because, the environmental factors influence almost every aspect of business, be it its nature, its location, the prices of products, the distribution system, or the personnel policies. Hence it is important to learn about the various components of the business environment, which consists of the economic aspect, the socio–cultural aspects, the political framework, the legal aspects and the technological aspects etc. In this chapter, we shall learn about the concept of business environment, its nature and significance and the various ... Show more content on Helpwriting.net ... It is very difficult to predict the exact nature of future happenings and the changes in economic and social environment. . (e) Business Environment differs from place to place, region to region and country to country. Political conditions in India differ from those in Pakistan. Taste and values cherished by people in India and China vary considerably. Notes 3.1.2 IMPORTANCE OF BUSINESS ENVIRONMENT There is a close and continuous interaction between the business and its environment. This interaction helps in strengthening the business firm and using its resources more effectively. As stated above, the business environment is multifaceted, complex, and dynamic in nature and has a far–reaching impact on the survival and growth of the business. To be more specific, proper understanding of the social, political, legal and economic environment helps the business in the following ways: (a) Determining Opportunities and Threats: The interaction between the business and its environment would identify opportunities for and threats to the business. It helps the business enterprises for meeting the challenges successfully. (b) Giving Direction for Growth: The interaction with the environment leads to opening up new frontiers of growth for the business firms. It enables the business to identify the areas for growth and expansion of their activities. (c) Continuous Learning: Environmental analysis makes the task of managers easier in dealing with business ... Get more on HelpWriting.net ...
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  • 77. Business Need Business Communication Skills BUSINESS NEED BUSINESS COMMUNICATION SKILLS * BASICS OF BUSINESS COMMUNICATION – Communication skills have emerged as the most powerful set of skills to possess for accelerating ones career trajectory and speed of accomplishment in every walk of life. To prepare yourselves for a rewarding career in the broad field of management, it is even more essential to acquire, practice and exhibit high levels of communication skills in normal and crisis situations. Effective communication skills provide the ladder to the managers and leaders for rapid progression in their careers. Business communication is the sending and receiving of verbal and non ... Show more content on Helpwriting.net ... It means „shared by‟ or „concerning all‟. Thus communication is a process of „influencing others‟ to achieve common, shared objectives. These goals could be that of individuals, families, teams, departments functions and companies. Communication has emerged as a very powerful personal skill that individuals must acquire to be able to perform their duties and become efficient managers and effective 1. Communication and Power – Communication is also the most powerful input resource in an enterprise. The various resources, just to recount, are as below: 1 Men 2 Money 3 Materials 4 Machines 5 Methods 6 Management 7 Measurement 8 Message covering both information and communication flows 9 Motive Power 10 Motivational Leadership Messaging has emerged as the most important resource for, without it, nothing can be transacted anywhere. It is the lifeline of any society. It is the glue that holds companies, communities and countries together. There is another process that is also used to influence others – it is the use of authority or power. They say if person has power it shows because it quickly shows his influence or hold on others‟
  • 78. opinion. However, it must be understood in its proper perspective. Power has been described as „a process of influencing others to do ... Get more on HelpWriting.net ...
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  • 80. Business Administration & International Business Essay BUSINESS ADMINISTRATION & INTERNATIONAL BUSINESS In the literal meaning, Business refers to an organized approach to providing customers with the goods and services they want. Business Administration has over the years taken the form of a formal field of knowledge, besides engineering medical and even closely–related Economics. In the 20th century, with the development and growth of business schools in America and Europe, the dynamics of business administration changed. With more research conducted in a professional way, Business Administration has also given birth to its branches. Among these, International Business is one such off–shoot or part of business administration, which has seen tremendous growth in this age of internet. ... Show more content on Helpwriting.net ... Marketing covers many areas of business which to a great extent deal with the customers. These can range from pricing the product to conducting research about consumer needs. While some of aspects of Marketing may be common in International Business, there are areas like Marketing Research which differs greatly for International Business. In International Business since the business is conducted from different lands, so the seller may not be very well acquainted with the customer. Instead his focus is different, as he is more inclined towards pushing his product to the seller and not much concerned about branding activities etc. still this is a very generic statement and may not apply for every case. Finance in Business Administration is primarily focused on gaining profits. It may be of decision– making nature that which areas of business are more profitable and which is not. Then the finance to a greater extent is focused on the day–to–day activities of keeping cash accounts etc. Human Resource Management is a crucial step in Business Administration, which focuses on hiring, training and retaining best manpower to carry out business activities. Focus Areas of International Business Once it comes to the International Business, the focus is more widened. The trading parties are concerned with far more issues than they are concerned while operating in local market. Although, Marketing, Finance and Human Resource ... Get more on HelpWriting.net ...
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  • 82. A Business Plan For Small Business Essay 1. INTRODUCTION A good business plan is not only important in developing the opportunity but also essential in determining the resources required, obtaining those resources and successfully managing the resulting venture. Running a Business is both exciting and challenging. It requires to develop business tools for the better with proven advice and successful strategies for small business, plus practical guidance on how to find business funding, chose a business idea, or get your business up and running. Many people these days prefer to open their own business but they need to do a detailed research and consider practical things to gain the confidence of starting it in this competitive world. I recently came across one of my family friends who is running small business in mobile truck shopping named as "Easy Shop" in Auckland. Mobile truck shops trawl around different areas, selling to families door to door. He is in his late 20's and graduate in business administration and has been running this business with a team of 5 for 3 years. He is a smart business runner and confident about his marketing and strategic skills but is presently struggling to get enough profit out of his business and compete with the potential big competitors like Home Direct and Good Guys in the market. He started off quite well and managed to reach the profit intersection within 2 years but profits started to fall in the 3rd year suddenly. As I am about to complete my post graduation in business ... Get more on HelpWriting.net ...
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  • 84. ‘Business’ and Its ‘Environment’ 'Business' and Its 'Environment' Introduction  Every business organization has to interact and transact with its „environment‟.  The effectiveness of interaction of an enterprise with its environment primarily determines the success or failure of a business.  The environment imposes several „constraints‟ on an enterprise and has a considerable impact and influence on the scope and direction of its activities. The enterprise, on the other hand, has very little control over its environment.  The business environment presents two challenges to the enterprise, viz., the challenge to combat the environmental threats (such as intensification of competition, declining market etc.) and to exploit the business opportunities.  The basic job ... Show more content on Helpwriting.net ...  Within the private sector businesses vary in  Objectives (profit and CSR)  Legal structure (sole trader; partnership; limited company)  Industry;  Size (measured in terms of number of employees; sales revenue)  Market power (degree of competitive pressure)  Geographical reach (within, between, and among countries)  The diversity also means that, although there are common elements in the business environment, each business operates in an environment that is, to some extent, unique. Thinking about the business environment – Eight key themes  Internal/external – the environment is both inside and outside organisations. Internal: „controllable‟ | External: „uncontrollable‟  Business organisations is not really a single, unified entity but is internally differentiated.  Managers within business, to be effective, have to deal with both the internal and external environment.  The ability of an organization to operate successfully within its external environment depends, in large part, on the effectiveness of internal systems and procedures.  The internal environment has to be managed and adapted to the demands and opportunities of the external environment.  Important internal factors: organizational resources; R & D and technological capabilities; financial capability; marketing capability;
  • 85. ... Get more on HelpWriting.net ...