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Essay about Business Challenges
1. The most significant challenge to business success you see in this rapidly changing global
economy;
One significant challenge to business success in this rapidly changing global economy is that
many business are focused on efficiency and economic of scales. Just like the example provided by
Michael H. Hugo on Chapter 1, many companies are focused on lowering operating cost as much as
possible. This is causing for executives not leave any room for unpredicted changes limiting the
company's ability to respond to customer's changing needs.
2. An organization that has been successful in the global marketplace using virtual teams and the
best practices it used (as discussed in Chapter 7 of Business Agility: A Sustainable...show more
content...
While this is a practice enforced throughout the company, it was necessary to make sure that this
communications were clear to the virtual team in order to maintain morale and the team's trust in the
company.
3. How the Marketplace simulation incorporates these challenges into simulation game play;
The Marketplace simulation incorporates these challenges by providing student with real–world
business problems and roles. Team members are challenged to make decisions and used critical
thinking in order to solve this problems virtually. While The Marketplace gives the team the tolls
necessary to have effective communication, ultimately each team members contributes to the overall
success of the team, just like in a real business situation.
4. How your readings and individual self–assessment work provide potential solutions to these
challenges.
The unit's readings have provided many solutions to the challenges businesses encounter nowadays.
To this day, there are many companies that have business plans that concentrate strictly in lowering
operating cost, cut budgets as much as possible and overwork workers that already are overworked.
Some of this solutions include: * Thinking of the costumer's needs and being able to respond to their
ever changing needs * Management needs to be transparent and make sure to communicate with
employees, especially when the organizations is making
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Essay about A Good Business
A Good Business What the characteristics of a good business looks like?
The basic element of a good business is derived from good management. It is true since business is
run by individuals known as managers that perform specific business functions, such as
manufacturing and production, finance and accounting, sales and marketing, and human resource
departments. Identifying a good business is not an easy job; an understanding of Managerial
Economics is needed because it provides some tools, techniques of analysis and Economic concepts
to make good managerial decisions. The purpose of this paper is to identify some characteristics of a
good business and list names of the companies having these certain characteristics.
Most of...show more content...
When a firm's sales reach its peak, it works as a signal that new firms start to enter the markets and
the firm's sales and profit will start to decline. In this case, the role of management is very essential.
The firm has to manage its expansion plan, such as launch new products and entrance a new market
in order to compete with its competitors.
The most common and useful measurement of a good business is by calculating its profit through
return on stockholder's equity (ROE). ROE shows how much return that stockholders have earned
on the capital that have been invested by stockholders into a business. Net Income ROE =
________________ Stockholder's Equity
High rates of return on stockholder's equity indicate a good business performance and also high
growth rate of sales.
Besides steady growth of sales and high rates of return on equity, a good business must also have
strong brand equity. It is important for a firm to create an image of its products on buyer's mind so
that buyers become loyal to the firm's brand. Strong brand equity also generates higher profit since
consumers want to pay more because of the reputation that the product have; moreover, it works as a
powerful defense against new
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Essay on International Business
Today's world of rapid increase in and expansion of technology is the reasons for recent International
Business growth. The rapid growth in international business makes an understanding of
organizational behavior all the more important for contemporary managers. Businesses have
expanded internationally to increase their market share, as the domestic markets were too small to
sustain growth. Business transactions are also becoming increasing blurred across national
boundaries.
Companies engage in international business to expand sales, acquire resources, diversify their
sources of sales and supplies, and minimize competitive risk. When operating abroad, companies
may have to adjust their usual methods of carrying on business. This is...show more content...
When dealing with international finance, risk is calculated in many different areas. Here, I will
discuss the financial risks associated with international business, with an emphasis on the risk of
foreign exchange rates. Country Risk When a business decides to become an international trader, one
type of risk that must be examined is the country risk. When a company accepts or approves credit to
a foreign customer, they are not only assuming the foreign company's risk, but also the country's risk.
Country risk analysis means determining the country credit–worthiness. In terms of the ability and
willingness of a foreign government to make available to local companies foreign exchange
necessary to service their foreign currency denominated obligations or debts to foreign suppliers.
(www.bcfm.com/financial_manager/szabo%20internationalfm98.htm)
Mitigation of Country Risk
One way a company can help to mitigate country risk is by fully researching the foreign country
they wish to do business with. This is accomplished by conducting a country risk assessment. This
assessment takes into consideration the probability of credit loss or delayed payment, and uses the
results to determine if the corporation will extend credit with the foreign business. Foreign
Exchange Risks Foreign exchange risks are often the result of country risks. Foreign exchange risks
can be defined as the ability and willingness of the
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An Essay On Business Trip
Business Trip Definition Business trip is a trip for work or business purposes or a journey made
somewhere and back again for business purposes in one's working capacity. Benefit of Traveling
For Business 1. Finding a new destination In the business world you definitely have a goal to find
new places and interaction with new people then you will find new goals to make your company
better. 2. Experiencing New Places Business travel spends most of our time on business. But, on a
business trip, we can enjoy a leisurely journey, and can enjoy food and sights during business trips.
Instead of a boring business trip, you get a chance to immerse yourself in the culture of the place
you visit. 3. Meet New People When traveling on business, we...show more content...
Make it Fun Even if you aren't headed to a beachside city ormajor metropolis , work trips don't have
to be total snooze–fests. Every destination, no matter how small, has something to keep you and your
co–workers entertained. 5. Keep Smiling Ask any experienced traveler for tips, and they'll
probably mention the benefits of having a positive attitude. Flight cancelled? Accidentally reserve
a Smart Car instead of a rental van? Instead of having a meltdown, try to calmly look for ways to
solve the problem . Anticipate that there might be a few delays or uncomfortable moments during
your journey, and resolve not to let them get to you. Attitudes are infectious, and a good one or a
bad one can set the tone for everyone on your trip. Plus, not only will your positive attitude impress
your co–workers, it'll increase your chances of getting an upgrade. Thing You Must Carry On Your
Business Trip 1. Business Card Business cards are very important when we meet with other people
on a business flight. Prepare enough business cards so we do not run out of business cards when
conducting business
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An Introduction to Business Essay
An Introduction to Business
Business plays a major role within our society. It is a creative and competitive activity that
continuously contributes to the shaping of our society. By satisfying the needs and wants people
cannot satisfy themselves, businesses improve the quality of life for people and create a higher
standard of living.
It is a way for individuals to provide goods and services to consumers, and at the same time, produce
a profit for themselves. Businesses are not only important because they provide goods and services
for consumers, but they also improve the economy and increase jobs for people within society
which is an additional fact producing a higher standard of living. To measure our societies standard of
...show more content...
International trade deficits occur when a nation imports more then it exports. The Decline of
Smokestack America is when there is a change from an industrial to a post–industrial economy.
Finally, the conservation of energy is so that there are a sufficient amount of natural resources
necessary to produce goods. General economic growth or stagnation also has an important influence
on business within our society. Many factors can affect it's condition, such as war, new inventions
and technology, political assassinations, the discovery of physical and natural resources, labor
negotiations, government action, and many others. When the economy is strong and the demand is
high, businesses can prosper. Regardless of how great the economy may become, businesses still
must compete with other firms for scarce raw materials and labor.
A businesses environment creates many opportunities as well as problems for prospering businesses.
The environment determines what a business can do by shaping and channeling its development.
Businesses function within an environment by allowing entrepreneurs to raise capital and create
profits freely. The supply of money available within a business as well as the economic stability
through times of growth and recession have strong effects on businesses. Not only is the physical
environment, including natural resources, pollution and energy as discussed previously, important,
but many other
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Essay about Business Culture
Business Culture
Business culture is the overall running of the company there are many types of business culture and
the type of business culture resembles the type of management. There are four main types of
business culture, they are:
Power Culture =============
This is the centralisation of power. This type of culture is usually found in small organisations
where control rests with a single individual or a small group of people. The company spreads out
from the single central figure. The advantage to this type of structure is that decisions can be made
very quickly; this makes the company very versatile. A disadvantage to this type of structure is that
it is very autocratic...show more content...
The higher an employee is in the company the more decisions they can make. This means that this
type of culture can motivate certain employees but can have a negative effect on other employees
depending on the employees in the company.
Task Culture
Task culture is one of the youngest types of business culture, it started to become very important in
the first decade of the twenty first century. This is where employees to work in teams to complete a
task, this type of culture fits in well with a democratic style of management. The company gives the
employees a lot more respect under this type of culture, which helps motivate them, another
motivator is that this style of culture allows the employees a lot of autonomy. Employees are
encouraged to take on more of a challenge task. The employee's views are often listened to and taken
into account, to help achieve the best overall output.
With this type of culture the employees would need training to be given a more influential role in the
company, this may cost the company money, which may not prove beneficial.
Person Culture
This type of culture is usually used in non–profit organisations; the people they are helping are the
central figures in the company. Hierarchies do not exist, people cannot be made to leave the
company. With this type of culture the
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Essay On How To Promote Your Business
Technology is changing rapidly. You will note that most people are using modern technologies to
do various things. Most people have appreciated the use of social media platforms to
communicate with their friends and relatives. Some of the common social media platforms
include: Facebook, Twitter, WhatsApp and even Instagram. Did you know that you can promote
your business on Facebook? There is a lot of competition in the business world. Most
businesspersons are investing a lot of resources on marketing strategies. You can actually use
Facebook to market your products and services. You just need to create a website for your business
and have a page on Facebook about your site. The following are tips on how to promote your
business on...show more content...
This is the reason why you should take quality photos. Once you take these photos, you can
readily post them on your page. 4. Join relevant groups. There are several groups that are created
on Facebook. You should choose a relevant group and join it. If you normally sell cars, you can
consider joining groups that market cars. Once you join these groups, you can post your products
and services. This can also help you know what the customers want. 5. Add more content to your
page. Customers normally like reading detailed content. It is important that you research on your
products and services and post that information on your page. In addition, you should ensure that
you post relevant information about your products and services. 6. Post content frequently. Once
you have created a Facebook page, you should post your content regularly. This will keep the
customers updated on the products that you are offering in your business. However, you should
not be spammy. You can be posting 3 to 4 times a week. 7. React to the comments and private
messages. Customers like to be valued. You will note that customers will always have complains
now and then. Others, will have queries and so forth. You should not ignore their comments. You
should react to their comments as soon as possible. If a customer has question, you should provide
be able to provide a good answer to him or her. In addition, you should
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"Communication can be defined as the exchange of verbal and nonverbal information between a
sender and receiver" (Swaab, 2009). Communication certainly takes on many forms. In any given
circumstance, communication serves as the very backbone in the skeleton of any business. Without
its proper use, conversing all that needs to be done would cease in taking place and certainly cripple
a company. Simply, doing business requires muchcommunication.
Planning is essential in conducting business. Knowing how to properly communicate these plans
from management roles to subordinates requires the skill of communication. From persuading a
customer to buy a product or service to merely giving out information regarding your business to
...show more content...
To go on, body language is certainly an indirect means of communicating what a person is thinking.
Some examples of non–verbal communication include pictures, company logos, gestures, body
language, who sits where in a meeting, and even how long someone is kept waiting. Non–verbal
communication, in the terms of a mimic, gesture, physical appearance, and even tonality of
expressions, can leave a lasting effect to those who business is done. An individual, no matter what
position that is held, should practice their communication skills, especially non–verbal, as a sign of a
mutual respect.
When practicing face–to–face communication, "55% of the communication is through body
language, 38% is through tone of voice, and 7% is through actual words that are spoken" (Filek,
2001). However, when communication is taking the place over the phone, "82% is through tone of
voice and 18% is through chosen words used" (Filek, 2001). When it comes to communication,
something is always being sold. The sender has the task of ensuring that their body language and
tone of voice is conveying the precise message to which they had intended to portray.
There are several elements that make up the process of proper communication. There should be some
component of a greeting from both the sender and the receiver. Welcoming the other promotes active
listening. To go on, both parties must be aware of the
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Essay on Owning Your Own Business
Owning Your Own Business There are many advantages and disadvantages when owning your own
business. When you own you own business, it's known as a sole proprietorship. But with any type
of business, there will always be advantages and disadvantages.
Five advantages for owning your own business are: 1) The owner receives all profits, meaning that
all earnings go to the sole proprietor, or the owner, and isn't shared with anyone else. The profit is
not split among partners, or split among a corporation. So when you own your own business,
you're the first and only one that receives all earnings and profit. So if a person has a successful
firm, he/she is the first to reap the success and rewards. 2) Another advantage...show more content...
All you need is money and a realistic vision. 4) Another advantage of a sole proprietorship is that
you pay lower taxes. This happens because as you own your own business, the earnings are
considered as the owner's personal income. Because of this, the sole proprietor may be subject to
lower taxes than other forms of businesses, such as a partnership or corporation. 5) In addition to
all the other advantages listed, another advantage of owning your own business is that you, the
owner determines how much you want your firm or company to grow. You decide if you want to
stay a small business or expand, whether it be locally or nationally. This can be advantageous
because the owner can determine whether it's better to stay small or grow. If you're business is
successful, you may want to expand to reach more and more clients, helping you make more
money and to establish your firm as a successful one. Or you might think that it might be better to
stay small and local, because you might not want to take a chance because you might not want to
mess with a good thing. Whatever the situation, the owner decides what suites the company. But
with advantages, there are also disadvantages of owning your own business. Five disadvantages of a
sole proprietorship are: 1) The owner is personally liable for all debts and incurs all losses. The sole
proprietor is responsible for all debts that the company owes. The owner takes all losses. There are
no other owners to
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Essay On Business Writing
Reflection
It is important to know how to do well at business writing, because we will use this kind of writing
skills when we are working as business man or woman. Professor Thieme shares many useful key
points about how to write, imparting her knowledge so patience to us. I learned a lot knowledge in
ENG 302, and I am so proud of being one of student in this class.
Our first project is to write a claim email, it is an email about a phone can't work as usual, I should
complain this problem to the Quality Electronics company. In the first draft I did not well, because I
not read the evaluation of complaint email, and I just wrote what I want. After professor Thieme
helped me to revise my first project, then I know I did many mistakes in structure and content of
body paragraph. So, I revised and learned the body paragraph is an important part of a claim letter,
because it contains what happened and what the results I want to get. It is hard to write a good essay
before take ENG 302, even I don't know how to build an appropriate structure. Therefore, I try my
best to practice how to write a good structure essay.
Another problem that I did not very well in claim letter is I used to much negative words. From the
instruction of the claim letter, "The tone of the claim letter is important. The most effective
complaint letters do not sound complaining, angry, or annoyed". So, do not use negative words is
the second key point I learned in how to write a good business essay.
The
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Reflective Essay On Business Writing
I was taking this course because it is a requirement for my major. I supposed to take Technical
Writing course instead, but the course was full, and I choose ENG 306 Business Writing. Honestly, I
had negative attitudes towards this course from the beginning. I did not like writing unless the
technical one. I also did not catch too much and concentrate very little on learning about this course.
Due to some reasons, later my ideas about this course has begun to change my learning. I worked
hard and figured out each assignment problems that I once thought were too complicated to complete.
The syllabus was full of text to read and each assignment had very short times to completed compare
to the other courses I took from this semester. Major Project 1 the video tutorial, I completed the
video peer draft promptly and posted to the discussion board as instructed by an instructor for
peer reviews from my classmates before anyone else had posted. After I received feedback from
my classmates and I began to edit my video. I developed my video tutorial about "Air Quality
Index Basic" and uploaded on the YouTube platform, then I submitted my video link to my
instructor promptly on the blackboard. I did my best in this video and I deserved grade "A" or
20% on this assignment, but unluckily I got "B". It was not fair because I have to put up my self in
the Internet world and I received an unfair grade for my hard work.
In addition, on the Major project 2 assignment, I choose to work
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Essay about My Business Idea
My Business Idea
In my coursework I intend to start my own business. I will devise my own business plan which
outlines my business proposal and the key aspects, during this I will need to seek good business
advice on the necessary steps I will have to make. As I go through the coursework I will show
evidence, examples and explain how businesses are set up, what types of businesses there are and
their similarities, the kind of targets businesses set for themselves and also the different objectives of
different stakeholders. For my business I plan to sell toys and other game products that educate
young children under the age of 11.
Starting up a business is difficult and risky. Anyone setting up needs to consider:
В·...show more content...
Most people though have to research their product. Businesses also have to decide how the product
is to be made.
Finance
=======
No businesses can be set up without finance. Most people who start their own business
underestimate the amount of money they will need to set up. They are often UNCAPITALISED
and this causes problems as the business expands. Some businesses have the potential to be highly
profitable but fail because they run out of cash at a crucial early stage in the life of the business. So
it is very important to work out how much money is needed to start the business and to identify
where the money will come from.
Identifying the sources of help
===============================
Most new businesses don not survive for more than three years of trading. However, their chance of
success is much greater if those setting up the business have received help from experts before the
launch. Many new businesses turn to Business Link or to their local
TEC. They can identify any grants, loans or benefits that are available from government or from
bodies like the Prince's Trust. They can also organise training in setting up small businesses that is
so often vital to the survival of the business.
The business plan
=================
Drawing up a business plan is very important. The business plan sets out how the business is to be
set up and
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Starting and Running a Business Essay
Starting and Running a Business Despite being an intimidating prospect for most people, there
are millions of entrepreneurs in the US. Some of them turn out to be very successful, others, not
so much. There are many steps to starting and running a business, but many of them can be easily
accomplished simply by filling out some forms, and several small fees. Businesses have been
around since the beginning of bartering, an apple for some wheat, a horse for a wife, a daughter
for a house. (In no way reflecting what I would trade) The startups of businesses across time have
never come easy, from cost, to hassle, to threat of beheading; there have always been obstacles in
starting a business. One of the hardest parts of being an...show more content...
This is ideal for most people who want to start a business and keep their home if something goes
wrong. The largest area a permit is good for is one county. If one wishes to operate outside the
county the license was issued in, they would have to get a license from that specific county. The
most important thing is starting a business is having a business plan. This is the only way any
bank will approve you for a business loan. [1] Without this business plan, the bank has no way to
analyze the business's performance thus far. The SBA offers a template for how to lay out a
business plan. The following is how a good business template should be formatted (from SBA.gov).
Writing the Plan
What goes in a business plan? The body can be divided into four distinct sections:
1) Description of the business
2) Marketing
3) Finances
4) Management
Agenda should include an executive summary, supporting documents, and financial projections.
Although there is no single formula for developing a business plan, some elements are common to
all business plans. They are summarized in the following outline:
Elements of a Business Plan
1. Cover sheet
2. Confidentiality Agreement
3. Statement of purpose
4. Table of contents
I. The Business A. Description of business B. Marketing C. Competition D. Operating procedures E.
Personnel F. Business
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Business Experience Essay
Personally I had a very displeasant experience doing business with Men's Warehouse. For our
wedding I decided to rent the men's attire from the company, which led to more headache than
anything. The day that went in to the store and put our order in, I was a little concerned with how
everything was going to work out. This was due to the staff getting the date confused multiple
times, incorrect the colors, as well as the attire itself, and payment. We stated multiple times that we
would be paying for the entire rental, and did not want anybody in the wedding to pay for anything.
To start the spiral of disaster, I received a confirmation with the incorrect date, which lead to me
calling customer support to get this fixed. Then the wedding...show more content...
The matter of which a business's implements customer service has much more effect on the
bottom–line that one may think. According to Johnson (2015) a Harvard Business Review study
recently quantified the value of the customer experience, demonstrating that delivering excellent
support generates high returns. With that being said staff need to be adequately trained on quickly
resolving customer problems that may arise. Staff also needs to be made aware of exactly how
customer service affects overall profitability for the company. The study came to conclude the top
five affects in relation to customer service and the bottom–line. First the study shows that satisfied
customers are much more likely to spend more money. Johnson (2015) states the Harvard Business
Review study shows that customers who said their experience met or exceeded their expectations
spent approximately 140% more than customer who reported a negative experience. Second
customers who are dissatisfied actually end up costing the company money by returning products,
and exhausting their time with supporting company staff. Third a happy customer tends to be a
repeat customer for years to come, leading to an increase in revenue for the company. According to
Johnson (2015) the Harvard study shows that members who report high levels of satisfaction have
a 74% chance of still being a customer a year later while only 43% who rate
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The Importance of a Business Plan Essay
When it comes to starting a business it is important to have Business Plan. The value of a business
plan is important in the startup of an organization. The value of proper business plan in an
organization can determine if the organization will withstand over of time or for years to come for
that matter. In implementing a proper business plan, proper planning in it self is important and
valuable to the process.
Planning helps in ensuring that the organization can withstand and remain as an essential asset to
the needs of the community and helps in providing an impact on the city tax base. A valuable
business plan can also allow the company to look at ahead at its projected profits and loss to be
able to give their shareholders the return...show more content...
Short–range planning is for the company to have goals that will be rewarding and easy to obtain.
Long–range planning for the most part seems to be more difficult to adjust and is often times less
rewarding. When external environments are frequently changing management with staff need to ask
how to develop plan of actions that will remain relevant. Planning should be no less important in
such a forever evolving environment it needs to be more important.
Businesses that operate to just make profit normally operate without ethics. When a business is
not held to standards of accountability it would be as to have another Enron or a Bernie Maddoff
situation. Sociologist Raymond Baumhart wanted to know from business people what ethics
meant to them and some of the replies were "Ethics has to do with what my feelings tell me is
right or wrong." "Ethics has to do with my religious beliefs." "Being ethical is doing what the law
requires." "Ethics consists of the standards of behavior our society accepts."
Lack of proper marketing in a business is one of the main reasons a lot of businesses have not
succeeded. Strategy planning determines whether one will live or die or whether they fail or
succeed. Marketing strategy is a process that should allow any organization or business to focus its
limited funds or resources on
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Essay on Starting a Business Plan
Starting a new business is an exciting venture and has its unique mix of challenges and rewards.
Many are set–up for failure if no clear goals or measures are established and adhered. According to
the Small Business Administration, "Planning is critical to successfully starting and building a
business." The best advice for a new entrepreneur interested in starting a business is to create a solid
business plan that outlines the business in its entirety. A well–constructed, written business plan will
help owners remain focused on their operations, marketing and financial measures through the
duration of the business life. In addition, knowing the risks involved in starting a business can help
prevent and minimize mistakes that cause many...show more content...
Strategic major milestones to be achieved can be mentioned that include customers, revenue, and
expansion details. In a small business blog, Fisher (2011) states, "Think of it like a birds‐eye
view of the company as it currently exists and where you envision it to be in the future." In addition,
it may be worthwhile to include descriptions of the founders of the business and their extending
experience from the industry. The operations of the business is critical in a business plan because it
describes the main components of your business. Management duties and responsibilities can be
addressed in terms of the day–to–day operations. This includes what each day of the week will entail
for the schedule of the business. Likewise, many topics should cover the nuts and bolts of the
business such as production and manufacturing, inventory, and distribution. Topics such as the
location, employees, and equipment should be considered to provide the most competitive
advantage and success for the business. Lastly, every business requires a structured form of legal
registration for licensing, insurance liability and tax purposes.
Marketing
One of the toughest challenges of new businesses is attracting new customers. Having an effective
marketing strategy in place is a vital implementation in increasing the awareness of your product or
service. The marketing strategy section should
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Starting a Business Online Essay
1.Identify the advantages and disadvantages of taking your small business online by performing a
SWOT analysis. Include 2–4 items in each category.
What is a SWOT analysis? It is an evaluation of strengths and weaknesses of a business unit and
identification of opportunities presented by the markets of business units and threats posed by
competitors. Strength, Weakness, Opportunities and Threats is what the letters of SWOT resemble
(Schneider 2001 page 32).. Inside a business are where the strengths and weaknesses are found and
what each business is capable of handling. Opportunities and threats are located outside a company
and are based on the real world (Zahorsky 2011). Starting a business online and moving forward is a
great...show more content...
One is forcing organizations to accumulate lists of how to achieve certain objectives. Making
uncritical lists without clear prioritization is an example of how weak opportunities might appear to
balance long threats. Most times a simple list may not be presented critical (Haughey 2000–2011).
2.Because the Internet connects computers all over the world, any business that engages in e–
Commerce instantly becomes an international business. The key issues that any company faces
when it conducts international commerce include trust, culture, language, government, and
infrastructure. Explain how you would address each of these issues.
To create trust in a business the customer needs to rely on their own name brands. As a new
business begins and starts online they face many difficulties. Due to the kind of anonymity that
exists for companies trying to establish a web presence, customers sometimes lack the trust that is
expected because people have been doing business with their neighbors not strangers for many
years. As a company begins to take in the growing aspect to become a larger corporation with
multinational operations the reputation of the company grows too. In order for a company to do
business as it grows it should prove to the customers the trustworthiness as it continues to grow. In
favor of a business to be successful they need to rapidly find away to produce trust (Schneider 2011
page 34–35).
Language and customs are a combination
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Business Analysis : A Business Analyst Essay
A business analyst has very strong business skills and understanding of the domain and who is
generally specialized in a given industry or vertical market. A business analyst works with the
business to identify opportunities for improvement in business operations and processes. A business
analyst is also involved in the design or modification of business systems or IT systems. The analyst
also interacts with the business stakeholders and other experts in order to understand their problems
and needs. The business analyst is the primary liaison between the business community, technology
group and external partners for all project requirements during the analysis phase of a project. The
analyst gathers, documents, and analyzes business needs and requirements. A business analyst
works with system developers to ensure the system is properly implemented, help test the system,
and create system documentation and user manuals. An analyst will use analytical, technical and
organizational skills and experience to facilitate the identification, design and implementation of
business and systems solutions in a rapidly growing and evolving business. The Systems Analyst is
an "IT Business Analyst" who is more focused on system design and the technical aspects of the
solution (The Systems Analyst Role). A system analyst identifies and plan for organizational impacts
of planned systems, and ensure that new technical requirements are properly integrated with existing
processes and skill
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Essay about Business Administration
Business Administration
The idea of studying business administration has appealed to me greatly and has encouraged me to
further develop my education following this path. I have a keen enthusiasm to pursue a degree in
Business Administration as I enjoy the challenges it sets and find the many different areas of
business you are able to branch out into, very exciting! From research about the subject I'm
expecting to greatly further my learning of how businesses operate and be able to then put my
knowledge into practice. I am confident within myself and find communication with others easy. I
want to study at university to deepen my understanding of the knowledge and skills I already have. I
...show more content...
I am studying Media Studies, which is progressing my understanding of advertising, used
throughout business and also Geography, which is developing my analytical skills in report
writing, but also helps me combine my theoretical studies and practical work a skill I will be able
to use on my university course. I studied I.T for G.C.S.E then furthering my knowledge, I studied
I.C.T for A.S Level as I recognise that a skill for information technology is useful, if not essential,
for the progression of business in modern society. During the year I am studying my three A levels,
I have also decided to study Business Studies at A.S Level, due to an increase in eagerness to pursue
the subject but also to ensure I have a basic understanding of business operations for further use in
my learning in University.
I have managed to balance my 'A' Levels with a part–time job and an enjoyable school and social
life, which has not only developed my skills of working as part of a team and organising my time
efficiently but has also left me with experience of responsibility and leadership, when being chosen
to supervise a particular area of the business I work in. I have been involved in voluntary work for
'Save the Children', which I believed
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Essay On Startup Business
Starting a new business requires a considerable amount of preparation. Financially, there is a large
investment to opening a store, especially in the food industry. A pizza place requires a building,
utilities, remodelling, seating, storage, inventory, employees, and signs. Once calculated together,
the financial obligation can be substantial.
In order to determine the financial requirements of a startup business, a person must consider what
is necessary to do any work in the industry you are apart of. First, I will need a building. The
amount I spend will be dependent of location and size. A location in a downtown area will usually
cost more than somewhere on the outskirts of a suburban town. The downtown area is surrounded
by enormous...show more content...
If I choose, I may also need to purchase a card reading machine, so I can take another form of
payment. To be a dine–in pizza place, I would need tables and chairs. The amount of these depend
on the size of the building I chose, and the style will depend on the theme. Any additional decor will
also depend on my theme, which could be retro or modern.
After purchasing the building, remodeling, and filling the store, I must now buy inventory. I will
need items for dough, tomato sauce, cheeses, and many toppings such as meat, peppers,
pineapples, etc. I will also need boxes and extra sauces including marinara, garlic, ranch, and
other packets. When I modeled the kitchen, storage areas were hidden under counters, and there
were refrigerators for chilled and frozen goods. I would use a physical inventory system until I
could later afford the software for a perpetual system. This will save some money in the startup.
Now that I have all the ingredients of a store, I need to hire employees. I will need cooks, cashiers,
servers, and drivers. I will cross train employees to move from cashiers to servers. I will also need
a sign to hang outside of the location, and a sign with our store hours. After hanging the signs, I will
create a Facebook page about the business, listing its hours, events, and location.
In order to start a pizza business, the financial requirements seem extensive. There are many
deposits to be made, and the cost adds up very quickly. Since a
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Essay Writing Business

  • 1. Essay about Business Challenges 1. The most significant challenge to business success you see in this rapidly changing global economy; One significant challenge to business success in this rapidly changing global economy is that many business are focused on efficiency and economic of scales. Just like the example provided by Michael H. Hugo on Chapter 1, many companies are focused on lowering operating cost as much as possible. This is causing for executives not leave any room for unpredicted changes limiting the company's ability to respond to customer's changing needs. 2. An organization that has been successful in the global marketplace using virtual teams and the best practices it used (as discussed in Chapter 7 of Business Agility: A Sustainable...show more content... While this is a practice enforced throughout the company, it was necessary to make sure that this communications were clear to the virtual team in order to maintain morale and the team's trust in the company. 3. How the Marketplace simulation incorporates these challenges into simulation game play; The Marketplace simulation incorporates these challenges by providing student with real–world business problems and roles. Team members are challenged to make decisions and used critical thinking in order to solve this problems virtually. While The Marketplace gives the team the tolls necessary to have effective communication, ultimately each team members contributes to the overall success of the team, just like in a real business situation. 4. How your readings and individual self–assessment work provide potential solutions to these challenges. The unit's readings have provided many solutions to the challenges businesses encounter nowadays. To this day, there are many companies that have business plans that concentrate strictly in lowering operating cost, cut budgets as much as possible and overwork workers that already are overworked. Some of this solutions include: * Thinking of the costumer's needs and being able to respond to their ever changing needs * Management needs to be transparent and make sure to communicate with employees, especially when the organizations is making Get more content on HelpWriting.net
  • 2. Essay about A Good Business A Good Business What the characteristics of a good business looks like? The basic element of a good business is derived from good management. It is true since business is run by individuals known as managers that perform specific business functions, such as manufacturing and production, finance and accounting, sales and marketing, and human resource departments. Identifying a good business is not an easy job; an understanding of Managerial Economics is needed because it provides some tools, techniques of analysis and Economic concepts to make good managerial decisions. The purpose of this paper is to identify some characteristics of a good business and list names of the companies having these certain characteristics. Most of...show more content... When a firm's sales reach its peak, it works as a signal that new firms start to enter the markets and the firm's sales and profit will start to decline. In this case, the role of management is very essential. The firm has to manage its expansion plan, such as launch new products and entrance a new market in order to compete with its competitors. The most common and useful measurement of a good business is by calculating its profit through return on stockholder's equity (ROE). ROE shows how much return that stockholders have earned on the capital that have been invested by stockholders into a business. Net Income ROE = ________________ Stockholder's Equity High rates of return on stockholder's equity indicate a good business performance and also high growth rate of sales. Besides steady growth of sales and high rates of return on equity, a good business must also have strong brand equity. It is important for a firm to create an image of its products on buyer's mind so that buyers become loyal to the firm's brand. Strong brand equity also generates higher profit since consumers want to pay more because of the reputation that the product have; moreover, it works as a powerful defense against new Get more content on HelpWriting.net
  • 3. Essay on International Business Today's world of rapid increase in and expansion of technology is the reasons for recent International Business growth. The rapid growth in international business makes an understanding of organizational behavior all the more important for contemporary managers. Businesses have expanded internationally to increase their market share, as the domestic markets were too small to sustain growth. Business transactions are also becoming increasing blurred across national boundaries. Companies engage in international business to expand sales, acquire resources, diversify their sources of sales and supplies, and minimize competitive risk. When operating abroad, companies may have to adjust their usual methods of carrying on business. This is...show more content... When dealing with international finance, risk is calculated in many different areas. Here, I will discuss the financial risks associated with international business, with an emphasis on the risk of foreign exchange rates. Country Risk When a business decides to become an international trader, one type of risk that must be examined is the country risk. When a company accepts or approves credit to a foreign customer, they are not only assuming the foreign company's risk, but also the country's risk. Country risk analysis means determining the country credit–worthiness. In terms of the ability and willingness of a foreign government to make available to local companies foreign exchange necessary to service their foreign currency denominated obligations or debts to foreign suppliers. (www.bcfm.com/financial_manager/szabo%20internationalfm98.htm) Mitigation of Country Risk One way a company can help to mitigate country risk is by fully researching the foreign country they wish to do business with. This is accomplished by conducting a country risk assessment. This assessment takes into consideration the probability of credit loss or delayed payment, and uses the results to determine if the corporation will extend credit with the foreign business. Foreign Exchange Risks Foreign exchange risks are often the result of country risks. Foreign exchange risks can be defined as the ability and willingness of the Get more content on HelpWriting.net
  • 4. An Essay On Business Trip Business Trip Definition Business trip is a trip for work or business purposes or a journey made somewhere and back again for business purposes in one's working capacity. Benefit of Traveling For Business 1. Finding a new destination In the business world you definitely have a goal to find new places and interaction with new people then you will find new goals to make your company better. 2. Experiencing New Places Business travel spends most of our time on business. But, on a business trip, we can enjoy a leisurely journey, and can enjoy food and sights during business trips. Instead of a boring business trip, you get a chance to immerse yourself in the culture of the place you visit. 3. Meet New People When traveling on business, we...show more content... Make it Fun Even if you aren't headed to a beachside city ormajor metropolis , work trips don't have to be total snooze–fests. Every destination, no matter how small, has something to keep you and your co–workers entertained. 5. Keep Smiling Ask any experienced traveler for tips, and they'll probably mention the benefits of having a positive attitude. Flight cancelled? Accidentally reserve a Smart Car instead of a rental van? Instead of having a meltdown, try to calmly look for ways to solve the problem . Anticipate that there might be a few delays or uncomfortable moments during your journey, and resolve not to let them get to you. Attitudes are infectious, and a good one or a bad one can set the tone for everyone on your trip. Plus, not only will your positive attitude impress your co–workers, it'll increase your chances of getting an upgrade. Thing You Must Carry On Your Business Trip 1. Business Card Business cards are very important when we meet with other people on a business flight. Prepare enough business cards so we do not run out of business cards when conducting business Get more content on HelpWriting.net
  • 5. An Introduction to Business Essay An Introduction to Business Business plays a major role within our society. It is a creative and competitive activity that continuously contributes to the shaping of our society. By satisfying the needs and wants people cannot satisfy themselves, businesses improve the quality of life for people and create a higher standard of living. It is a way for individuals to provide goods and services to consumers, and at the same time, produce a profit for themselves. Businesses are not only important because they provide goods and services for consumers, but they also improve the economy and increase jobs for people within society which is an additional fact producing a higher standard of living. To measure our societies standard of ...show more content... International trade deficits occur when a nation imports more then it exports. The Decline of Smokestack America is when there is a change from an industrial to a post–industrial economy. Finally, the conservation of energy is so that there are a sufficient amount of natural resources necessary to produce goods. General economic growth or stagnation also has an important influence on business within our society. Many factors can affect it's condition, such as war, new inventions and technology, political assassinations, the discovery of physical and natural resources, labor negotiations, government action, and many others. When the economy is strong and the demand is high, businesses can prosper. Regardless of how great the economy may become, businesses still must compete with other firms for scarce raw materials and labor. A businesses environment creates many opportunities as well as problems for prospering businesses. The environment determines what a business can do by shaping and channeling its development. Businesses function within an environment by allowing entrepreneurs to raise capital and create profits freely. The supply of money available within a business as well as the economic stability through times of growth and recession have strong effects on businesses. Not only is the physical environment, including natural resources, pollution and energy as discussed previously, important, but many other Get more content on HelpWriting.net
  • 6. Essay about Business Culture Business Culture Business culture is the overall running of the company there are many types of business culture and the type of business culture resembles the type of management. There are four main types of business culture, they are: Power Culture ============= This is the centralisation of power. This type of culture is usually found in small organisations where control rests with a single individual or a small group of people. The company spreads out from the single central figure. The advantage to this type of structure is that decisions can be made very quickly; this makes the company very versatile. A disadvantage to this type of structure is that it is very autocratic...show more content... The higher an employee is in the company the more decisions they can make. This means that this type of culture can motivate certain employees but can have a negative effect on other employees depending on the employees in the company. Task Culture Task culture is one of the youngest types of business culture, it started to become very important in the first decade of the twenty first century. This is where employees to work in teams to complete a task, this type of culture fits in well with a democratic style of management. The company gives the employees a lot more respect under this type of culture, which helps motivate them, another motivator is that this style of culture allows the employees a lot of autonomy. Employees are encouraged to take on more of a challenge task. The employee's views are often listened to and taken into account, to help achieve the best overall output. With this type of culture the employees would need training to be given a more influential role in the company, this may cost the company money, which may not prove beneficial. Person Culture This type of culture is usually used in non–profit organisations; the people they are helping are the central figures in the company. Hierarchies do not exist, people cannot be made to leave the company. With this type of culture the Get more content on HelpWriting.net
  • 7. Essay On How To Promote Your Business Technology is changing rapidly. You will note that most people are using modern technologies to do various things. Most people have appreciated the use of social media platforms to communicate with their friends and relatives. Some of the common social media platforms include: Facebook, Twitter, WhatsApp and even Instagram. Did you know that you can promote your business on Facebook? There is a lot of competition in the business world. Most businesspersons are investing a lot of resources on marketing strategies. You can actually use Facebook to market your products and services. You just need to create a website for your business and have a page on Facebook about your site. The following are tips on how to promote your business on...show more content... This is the reason why you should take quality photos. Once you take these photos, you can readily post them on your page. 4. Join relevant groups. There are several groups that are created on Facebook. You should choose a relevant group and join it. If you normally sell cars, you can consider joining groups that market cars. Once you join these groups, you can post your products and services. This can also help you know what the customers want. 5. Add more content to your page. Customers normally like reading detailed content. It is important that you research on your products and services and post that information on your page. In addition, you should ensure that you post relevant information about your products and services. 6. Post content frequently. Once you have created a Facebook page, you should post your content regularly. This will keep the customers updated on the products that you are offering in your business. However, you should not be spammy. You can be posting 3 to 4 times a week. 7. React to the comments and private messages. Customers like to be valued. You will note that customers will always have complains now and then. Others, will have queries and so forth. You should not ignore their comments. You should react to their comments as soon as possible. If a customer has question, you should provide be able to provide a good answer to him or her. In addition, you should Get more content on HelpWriting.net
  • 8. "Communication can be defined as the exchange of verbal and nonverbal information between a sender and receiver" (Swaab, 2009). Communication certainly takes on many forms. In any given circumstance, communication serves as the very backbone in the skeleton of any business. Without its proper use, conversing all that needs to be done would cease in taking place and certainly cripple a company. Simply, doing business requires muchcommunication. Planning is essential in conducting business. Knowing how to properly communicate these plans from management roles to subordinates requires the skill of communication. From persuading a customer to buy a product or service to merely giving out information regarding your business to ...show more content... To go on, body language is certainly an indirect means of communicating what a person is thinking. Some examples of non–verbal communication include pictures, company logos, gestures, body language, who sits where in a meeting, and even how long someone is kept waiting. Non–verbal communication, in the terms of a mimic, gesture, physical appearance, and even tonality of expressions, can leave a lasting effect to those who business is done. An individual, no matter what position that is held, should practice their communication skills, especially non–verbal, as a sign of a mutual respect. When practicing face–to–face communication, "55% of the communication is through body language, 38% is through tone of voice, and 7% is through actual words that are spoken" (Filek, 2001). However, when communication is taking the place over the phone, "82% is through tone of voice and 18% is through chosen words used" (Filek, 2001). When it comes to communication, something is always being sold. The sender has the task of ensuring that their body language and tone of voice is conveying the precise message to which they had intended to portray. There are several elements that make up the process of proper communication. There should be some component of a greeting from both the sender and the receiver. Welcoming the other promotes active listening. To go on, both parties must be aware of the Get more content on HelpWriting.net
  • 9. Essay on Owning Your Own Business Owning Your Own Business There are many advantages and disadvantages when owning your own business. When you own you own business, it's known as a sole proprietorship. But with any type of business, there will always be advantages and disadvantages. Five advantages for owning your own business are: 1) The owner receives all profits, meaning that all earnings go to the sole proprietor, or the owner, and isn't shared with anyone else. The profit is not split among partners, or split among a corporation. So when you own your own business, you're the first and only one that receives all earnings and profit. So if a person has a successful firm, he/she is the first to reap the success and rewards. 2) Another advantage...show more content... All you need is money and a realistic vision. 4) Another advantage of a sole proprietorship is that you pay lower taxes. This happens because as you own your own business, the earnings are considered as the owner's personal income. Because of this, the sole proprietor may be subject to lower taxes than other forms of businesses, such as a partnership or corporation. 5) In addition to all the other advantages listed, another advantage of owning your own business is that you, the owner determines how much you want your firm or company to grow. You decide if you want to stay a small business or expand, whether it be locally or nationally. This can be advantageous because the owner can determine whether it's better to stay small or grow. If you're business is successful, you may want to expand to reach more and more clients, helping you make more money and to establish your firm as a successful one. Or you might think that it might be better to stay small and local, because you might not want to take a chance because you might not want to mess with a good thing. Whatever the situation, the owner decides what suites the company. But with advantages, there are also disadvantages of owning your own business. Five disadvantages of a sole proprietorship are: 1) The owner is personally liable for all debts and incurs all losses. The sole proprietor is responsible for all debts that the company owes. The owner takes all losses. There are no other owners to Get more content on HelpWriting.net
  • 10. Essay On Business Writing Reflection It is important to know how to do well at business writing, because we will use this kind of writing skills when we are working as business man or woman. Professor Thieme shares many useful key points about how to write, imparting her knowledge so patience to us. I learned a lot knowledge in ENG 302, and I am so proud of being one of student in this class. Our first project is to write a claim email, it is an email about a phone can't work as usual, I should complain this problem to the Quality Electronics company. In the first draft I did not well, because I not read the evaluation of complaint email, and I just wrote what I want. After professor Thieme helped me to revise my first project, then I know I did many mistakes in structure and content of body paragraph. So, I revised and learned the body paragraph is an important part of a claim letter, because it contains what happened and what the results I want to get. It is hard to write a good essay before take ENG 302, even I don't know how to build an appropriate structure. Therefore, I try my best to practice how to write a good structure essay. Another problem that I did not very well in claim letter is I used to much negative words. From the instruction of the claim letter, "The tone of the claim letter is important. The most effective complaint letters do not sound complaining, angry, or annoyed". So, do not use negative words is the second key point I learned in how to write a good business essay. The Get more content on HelpWriting.net
  • 11. Reflective Essay On Business Writing I was taking this course because it is a requirement for my major. I supposed to take Technical Writing course instead, but the course was full, and I choose ENG 306 Business Writing. Honestly, I had negative attitudes towards this course from the beginning. I did not like writing unless the technical one. I also did not catch too much and concentrate very little on learning about this course. Due to some reasons, later my ideas about this course has begun to change my learning. I worked hard and figured out each assignment problems that I once thought were too complicated to complete. The syllabus was full of text to read and each assignment had very short times to completed compare to the other courses I took from this semester. Major Project 1 the video tutorial, I completed the video peer draft promptly and posted to the discussion board as instructed by an instructor for peer reviews from my classmates before anyone else had posted. After I received feedback from my classmates and I began to edit my video. I developed my video tutorial about "Air Quality Index Basic" and uploaded on the YouTube platform, then I submitted my video link to my instructor promptly on the blackboard. I did my best in this video and I deserved grade "A" or 20% on this assignment, but unluckily I got "B". It was not fair because I have to put up my self in the Internet world and I received an unfair grade for my hard work. In addition, on the Major project 2 assignment, I choose to work Get more content on HelpWriting.net
  • 12. Essay about My Business Idea My Business Idea In my coursework I intend to start my own business. I will devise my own business plan which outlines my business proposal and the key aspects, during this I will need to seek good business advice on the necessary steps I will have to make. As I go through the coursework I will show evidence, examples and explain how businesses are set up, what types of businesses there are and their similarities, the kind of targets businesses set for themselves and also the different objectives of different stakeholders. For my business I plan to sell toys and other game products that educate young children under the age of 11. Starting up a business is difficult and risky. Anyone setting up needs to consider: В·...show more content... Most people though have to research their product. Businesses also have to decide how the product is to be made. Finance ======= No businesses can be set up without finance. Most people who start their own business underestimate the amount of money they will need to set up. They are often UNCAPITALISED and this causes problems as the business expands. Some businesses have the potential to be highly profitable but fail because they run out of cash at a crucial early stage in the life of the business. So it is very important to work out how much money is needed to start the business and to identify where the money will come from. Identifying the sources of help =============================== Most new businesses don not survive for more than three years of trading. However, their chance of success is much greater if those setting up the business have received help from experts before the launch. Many new businesses turn to Business Link or to their local TEC. They can identify any grants, loans or benefits that are available from government or from bodies like the Prince's Trust. They can also organise training in setting up small businesses that is so often vital to the survival of the business. The business plan ================= Drawing up a business plan is very important. The business plan sets out how the business is to be
  • 13. set up and Get more content on HelpWriting.net
  • 14. Starting and Running a Business Essay Starting and Running a Business Despite being an intimidating prospect for most people, there are millions of entrepreneurs in the US. Some of them turn out to be very successful, others, not so much. There are many steps to starting and running a business, but many of them can be easily accomplished simply by filling out some forms, and several small fees. Businesses have been around since the beginning of bartering, an apple for some wheat, a horse for a wife, a daughter for a house. (In no way reflecting what I would trade) The startups of businesses across time have never come easy, from cost, to hassle, to threat of beheading; there have always been obstacles in starting a business. One of the hardest parts of being an...show more content... This is ideal for most people who want to start a business and keep their home if something goes wrong. The largest area a permit is good for is one county. If one wishes to operate outside the county the license was issued in, they would have to get a license from that specific county. The most important thing is starting a business is having a business plan. This is the only way any bank will approve you for a business loan. [1] Without this business plan, the bank has no way to analyze the business's performance thus far. The SBA offers a template for how to lay out a business plan. The following is how a good business template should be formatted (from SBA.gov). Writing the Plan What goes in a business plan? The body can be divided into four distinct sections: 1) Description of the business 2) Marketing 3) Finances 4) Management Agenda should include an executive summary, supporting documents, and financial projections. Although there is no single formula for developing a business plan, some elements are common to all business plans. They are summarized in the following outline: Elements of a Business Plan 1. Cover sheet 2. Confidentiality Agreement 3. Statement of purpose 4. Table of contents I. The Business A. Description of business B. Marketing C. Competition D. Operating procedures E. Personnel F. Business Get more content on HelpWriting.net
  • 15. Business Experience Essay Personally I had a very displeasant experience doing business with Men's Warehouse. For our wedding I decided to rent the men's attire from the company, which led to more headache than anything. The day that went in to the store and put our order in, I was a little concerned with how everything was going to work out. This was due to the staff getting the date confused multiple times, incorrect the colors, as well as the attire itself, and payment. We stated multiple times that we would be paying for the entire rental, and did not want anybody in the wedding to pay for anything. To start the spiral of disaster, I received a confirmation with the incorrect date, which lead to me calling customer support to get this fixed. Then the wedding...show more content... The matter of which a business's implements customer service has much more effect on the bottom–line that one may think. According to Johnson (2015) a Harvard Business Review study recently quantified the value of the customer experience, demonstrating that delivering excellent support generates high returns. With that being said staff need to be adequately trained on quickly resolving customer problems that may arise. Staff also needs to be made aware of exactly how customer service affects overall profitability for the company. The study came to conclude the top five affects in relation to customer service and the bottom–line. First the study shows that satisfied customers are much more likely to spend more money. Johnson (2015) states the Harvard Business Review study shows that customers who said their experience met or exceeded their expectations spent approximately 140% more than customer who reported a negative experience. Second customers who are dissatisfied actually end up costing the company money by returning products, and exhausting their time with supporting company staff. Third a happy customer tends to be a repeat customer for years to come, leading to an increase in revenue for the company. According to Johnson (2015) the Harvard study shows that members who report high levels of satisfaction have a 74% chance of still being a customer a year later while only 43% who rate Get more content on HelpWriting.net
  • 16. The Importance of a Business Plan Essay When it comes to starting a business it is important to have Business Plan. The value of a business plan is important in the startup of an organization. The value of proper business plan in an organization can determine if the organization will withstand over of time or for years to come for that matter. In implementing a proper business plan, proper planning in it self is important and valuable to the process. Planning helps in ensuring that the organization can withstand and remain as an essential asset to the needs of the community and helps in providing an impact on the city tax base. A valuable business plan can also allow the company to look at ahead at its projected profits and loss to be able to give their shareholders the return...show more content... Short–range planning is for the company to have goals that will be rewarding and easy to obtain. Long–range planning for the most part seems to be more difficult to adjust and is often times less rewarding. When external environments are frequently changing management with staff need to ask how to develop plan of actions that will remain relevant. Planning should be no less important in such a forever evolving environment it needs to be more important. Businesses that operate to just make profit normally operate without ethics. When a business is not held to standards of accountability it would be as to have another Enron or a Bernie Maddoff situation. Sociologist Raymond Baumhart wanted to know from business people what ethics meant to them and some of the replies were "Ethics has to do with what my feelings tell me is right or wrong." "Ethics has to do with my religious beliefs." "Being ethical is doing what the law requires." "Ethics consists of the standards of behavior our society accepts." Lack of proper marketing in a business is one of the main reasons a lot of businesses have not succeeded. Strategy planning determines whether one will live or die or whether they fail or succeed. Marketing strategy is a process that should allow any organization or business to focus its limited funds or resources on Get more content on HelpWriting.net
  • 17. Essay on Starting a Business Plan Starting a new business is an exciting venture and has its unique mix of challenges and rewards. Many are set–up for failure if no clear goals or measures are established and adhered. According to the Small Business Administration, "Planning is critical to successfully starting and building a business." The best advice for a new entrepreneur interested in starting a business is to create a solid business plan that outlines the business in its entirety. A well–constructed, written business plan will help owners remain focused on their operations, marketing and financial measures through the duration of the business life. In addition, knowing the risks involved in starting a business can help prevent and minimize mistakes that cause many...show more content... Strategic major milestones to be achieved can be mentioned that include customers, revenue, and expansion details. In a small business blog, Fisher (2011) states, "Think of it like a birds‐eye view of the company as it currently exists and where you envision it to be in the future." In addition, it may be worthwhile to include descriptions of the founders of the business and their extending experience from the industry. The operations of the business is critical in a business plan because it describes the main components of your business. Management duties and responsibilities can be addressed in terms of the day–to–day operations. This includes what each day of the week will entail for the schedule of the business. Likewise, many topics should cover the nuts and bolts of the business such as production and manufacturing, inventory, and distribution. Topics such as the location, employees, and equipment should be considered to provide the most competitive advantage and success for the business. Lastly, every business requires a structured form of legal registration for licensing, insurance liability and tax purposes. Marketing One of the toughest challenges of new businesses is attracting new customers. Having an effective marketing strategy in place is a vital implementation in increasing the awareness of your product or service. The marketing strategy section should Get more content on HelpWriting.net
  • 18. Starting a Business Online Essay 1.Identify the advantages and disadvantages of taking your small business online by performing a SWOT analysis. Include 2–4 items in each category. What is a SWOT analysis? It is an evaluation of strengths and weaknesses of a business unit and identification of opportunities presented by the markets of business units and threats posed by competitors. Strength, Weakness, Opportunities and Threats is what the letters of SWOT resemble (Schneider 2001 page 32).. Inside a business are where the strengths and weaknesses are found and what each business is capable of handling. Opportunities and threats are located outside a company and are based on the real world (Zahorsky 2011). Starting a business online and moving forward is a great...show more content... One is forcing organizations to accumulate lists of how to achieve certain objectives. Making uncritical lists without clear prioritization is an example of how weak opportunities might appear to balance long threats. Most times a simple list may not be presented critical (Haughey 2000–2011). 2.Because the Internet connects computers all over the world, any business that engages in e– Commerce instantly becomes an international business. The key issues that any company faces when it conducts international commerce include trust, culture, language, government, and infrastructure. Explain how you would address each of these issues. To create trust in a business the customer needs to rely on their own name brands. As a new business begins and starts online they face many difficulties. Due to the kind of anonymity that exists for companies trying to establish a web presence, customers sometimes lack the trust that is expected because people have been doing business with their neighbors not strangers for many years. As a company begins to take in the growing aspect to become a larger corporation with multinational operations the reputation of the company grows too. In order for a company to do business as it grows it should prove to the customers the trustworthiness as it continues to grow. In favor of a business to be successful they need to rapidly find away to produce trust (Schneider 2011 page 34–35). Language and customs are a combination Get more content on HelpWriting.net
  • 19. Business Analysis : A Business Analyst Essay A business analyst has very strong business skills and understanding of the domain and who is generally specialized in a given industry or vertical market. A business analyst works with the business to identify opportunities for improvement in business operations and processes. A business analyst is also involved in the design or modification of business systems or IT systems. The analyst also interacts with the business stakeholders and other experts in order to understand their problems and needs. The business analyst is the primary liaison between the business community, technology group and external partners for all project requirements during the analysis phase of a project. The analyst gathers, documents, and analyzes business needs and requirements. A business analyst works with system developers to ensure the system is properly implemented, help test the system, and create system documentation and user manuals. An analyst will use analytical, technical and organizational skills and experience to facilitate the identification, design and implementation of business and systems solutions in a rapidly growing and evolving business. The Systems Analyst is an "IT Business Analyst" who is more focused on system design and the technical aspects of the solution (The Systems Analyst Role). A system analyst identifies and plan for organizational impacts of planned systems, and ensure that new technical requirements are properly integrated with existing processes and skill Get more content on HelpWriting.net
  • 20. Essay about Business Administration Business Administration The idea of studying business administration has appealed to me greatly and has encouraged me to further develop my education following this path. I have a keen enthusiasm to pursue a degree in Business Administration as I enjoy the challenges it sets and find the many different areas of business you are able to branch out into, very exciting! From research about the subject I'm expecting to greatly further my learning of how businesses operate and be able to then put my knowledge into practice. I am confident within myself and find communication with others easy. I want to study at university to deepen my understanding of the knowledge and skills I already have. I ...show more content... I am studying Media Studies, which is progressing my understanding of advertising, used throughout business and also Geography, which is developing my analytical skills in report writing, but also helps me combine my theoretical studies and practical work a skill I will be able to use on my university course. I studied I.T for G.C.S.E then furthering my knowledge, I studied I.C.T for A.S Level as I recognise that a skill for information technology is useful, if not essential, for the progression of business in modern society. During the year I am studying my three A levels, I have also decided to study Business Studies at A.S Level, due to an increase in eagerness to pursue the subject but also to ensure I have a basic understanding of business operations for further use in my learning in University. I have managed to balance my 'A' Levels with a part–time job and an enjoyable school and social life, which has not only developed my skills of working as part of a team and organising my time efficiently but has also left me with experience of responsibility and leadership, when being chosen to supervise a particular area of the business I work in. I have been involved in voluntary work for 'Save the Children', which I believed Get more content on HelpWriting.net
  • 21. Essay On Startup Business Starting a new business requires a considerable amount of preparation. Financially, there is a large investment to opening a store, especially in the food industry. A pizza place requires a building, utilities, remodelling, seating, storage, inventory, employees, and signs. Once calculated together, the financial obligation can be substantial. In order to determine the financial requirements of a startup business, a person must consider what is necessary to do any work in the industry you are apart of. First, I will need a building. The amount I spend will be dependent of location and size. A location in a downtown area will usually cost more than somewhere on the outskirts of a suburban town. The downtown area is surrounded by enormous...show more content... If I choose, I may also need to purchase a card reading machine, so I can take another form of payment. To be a dine–in pizza place, I would need tables and chairs. The amount of these depend on the size of the building I chose, and the style will depend on the theme. Any additional decor will also depend on my theme, which could be retro or modern. After purchasing the building, remodeling, and filling the store, I must now buy inventory. I will need items for dough, tomato sauce, cheeses, and many toppings such as meat, peppers, pineapples, etc. I will also need boxes and extra sauces including marinara, garlic, ranch, and other packets. When I modeled the kitchen, storage areas were hidden under counters, and there were refrigerators for chilled and frozen goods. I would use a physical inventory system until I could later afford the software for a perpetual system. This will save some money in the startup. Now that I have all the ingredients of a store, I need to hire employees. I will need cooks, cashiers, servers, and drivers. I will cross train employees to move from cashiers to servers. I will also need a sign to hang outside of the location, and a sign with our store hours. After hanging the signs, I will create a Facebook page about the business, listing its hours, events, and location. In order to start a pizza business, the financial requirements seem extensive. There are many deposits to be made, and the cost adds up very quickly. Since a Get more content on HelpWriting.net