The document discusses strategies for starting a new grocery store business, including determining the best ownership structure and outlining a business plan. It recommends sole proprietorship as the most appropriate ownership form for a new small business. A business plan outline is then provided that covers objectives, descriptions, marketing, operations, finances, and appendices.

1. 1
Running Head: To Build or Buy
To Build or Buy
Introduction
Any Business is based on the following four basic steps :-
1. Planning
2. Organization
3. Leading
4. Control
Business is always built up on a strategy. Business management
is the art, discipline, and craft of verbalizing, implementing and
appraising cross-functional conclusions that will allow a
company to attain its long-term purposes. It is the procedure of
stipulating the organization's assignment, vision and purposes,
developing strategies and plans, often in relations of projects
and databases, which are intended to achieve these purposes,
and then assigning resources to device the strategies and plans,

2. schemes and programs. Strategic administration seeks to direct
and assimilate the actions of the several functional zones of a
business in direction to accomplish long-term and short-term
managerial goals.
My visit to a business
I want to relate a business of utility store which I observe once
a month or occasionally for the purpose of grocery and having
basic necessities of life. The business strategy to set up a
grocery store can be of various types like :-
· Financial strategy plan (Functional strategy plan)
· Marketing strategy plan (Business/promotional strategy plan)
· Corporate Strategy plan
Diverse types of retail productions will incur unlike types of
start-up charges due to a variety of inventory wants. Much of
the monetary control is based on the availability of resources,
budget plan and range of human resources available. The startup
cost is the main factor that decides many levels of a retail
operation which all business owners require to achieve long
term and short term goals of the business.
Strategy for a business concept that would directly compete
with the small business you selected
Strategic making for any business is the top most level of any
administrative role in the organization. Strategies are classically
planned, fashioned or directed by the Owner or hired manager
of the store. Strategy for a business concept that would directly
compete with any other store running in the same market can be
followed according to the following steps :-
· Defining the vision and mission of the business
· Know your customer type

3. · Learn from the competition of the market
· Describing short term and long term objectives of the business
· Financial budget planning
· Recognizing the marketing strategy
· Controlling the flaws
Such type of strategy provides inclusive direction to the
creativity and is carefully related to the betterment and progress
of the business. In the field of grocery store business, it is
valuable to know about the strategic alignment and strategic
consistency of the business. There is a strategic consistency
when the movements of a business are consistent with the
prospects of management, and these in chance are with the
marketplace and the situation.(Arieu, 2007).
Whereas the retail store I visited was not following this strategy
planning. This is the reason why this store lacks behind in the
market competition. Now a day, modern technology has taken
over and market competition between the brands is tough. It is
hard to run a business more distinctively and more successfully.
So a manager should have the innovative and creative sense to
implement new strategic policies with the passage of time.
2. Determine if it would make more sense to open the new
business you describe or to purchase the existing business you
selected. Explain your reasoning.
In my opinion, it would make more sense to open a new
business with the new strategy planning that has customer
satisfaction at the top of the list of its missions and goals.
Because the old business is just working on no particular
planning. They have no incentives for the consumers. The
budget planning level is low and they do not agree to put money
on promotional and operational campaigns. They do not
understand the need of time or market competition. Hence, the

4. new business implemented would follow the following steps to
create a new strategy :-
•Recognizing the target market type: The first and foremost step
for creating a new grocery store business plan is recognizing
and understanding the type of target market present there.
Focusing on customer needs up to 80% and focusing on the
resources of the business up to the range of 20 % is important.
It really makes intellect then to undeviating the time and energy
towards those consumers who are covering the major profit area
of the business. For example, if a large number of consumers
buy the sugar packets as it is the basic need then these sugar
packets should be more focused. The sugar must be refined and
clean. So that it may fulfill the needs of the consumer
completely.
•Select the most suitable Target Market: the drive to do this is
to further be eligible and regulate which client’s needs are
meeting the corners of success. The strategy is to place the
business at the similar level as the mainstream of the customers
to be targeted. It is serious to symbolize the best and regular
customers that visit the store on daily or weekly basis so that
the position in the market can be identified.
•Classify Tools, Strategies and Approaches: The rule of thumb
is that the market which a business do not recognize is the
market that the business cannot serve. And making customers
aware of your particular product or service is important. It is
significant to create an impact of your brand that customers will
be firm to buy the product by your brand name. For this
purpose, tools, strategies and approaches should be adopted by
the new business which are being used in the markets and
services. For example, now a days online marketing of a product
is in a trend. Various business gives advertisement of their
product or service online on internet so that international
market can also watch it.
•Test Marketing Tools: the expectations we do not confirm are
characteristically the ones that have the possibility to generate

5. business difficulties. Time should be taken to test all business
conventions, particularly when they are making major expenses.
3. Discuss the most appropriate form of ownership for your new
business (assuming your current financial situation).
The form of business ownership defines how a business is
officially and lawfully set up. The legal structure of the
business is mentioned in the ownership. Mostly there are three
forms of ownerships of a business :-
· Sole proprietorship
· Partnership
· Corporation
Business ownership and type of business are two different
things to be analyzed. In the start of any business to be
launched, it is very important to choose a right form of
ownership. According to the new business set up strategy, sole
proprietorship will be the best option for retail store. Every
form of ownerships has its own rules, regularities and
responsibilities. The corporation and partnership have more
liabilities and responsibilities to be fulfilled as compared to
sole proprietorship. So the most effective form of ownership for
a small new business would definitely be sole proprietorship.
The procedure to get a business registered and legalize is
different for each form of ownership to be handled. It depends
upon the culture, community, the legal institutions and most
importantly what rules and regulations are to be followed over
there. A sole proprietorship is also known as a sole trader. It is
a kind of business entity that is possessed and tracked by single
owner and in a condition where no difference of laws is to be
followed between the business and the owner of the business.
The owner obtains all revenues with the implementation of the
taxation laws followed by the country at that time and has
limitless responsibility for all sufferers and obligations. Every

6. advantage of the store is possessed by the proprietor and all
arrears of the business are the responsibility of the owner which
is called as proprietor. It is a sole proprietorship in difference
with corporations. A sole proprietor may utilize a trade term or
business designation other than lawful name. It is very
significant to use any form of ownership as a tool and strategy
to any business for achievement of its goals. A professional
consultant can be hired in many businesses for this purpose to
have a right consultation method.
4. Outline a business plan for your business
Running a successful business always needs a business plan to
be followed. A business plan outline is the first document a
company or business owns in which mission, vision and other
goals are written. The outline of a business plan is given as
follows :-
Title Page
TABLE OF CONTENTS
I.
EXCLUSIVE SUMMARY
In this section a specific description of the business and the
rules on which it is laid is explained. The methods and ways
how a plan should be implemented is explained. The financial
and operational budget of the plan is described. The human and
financial and operational resources required by the business are
explained in this section.
II.
BUSINESS DESCRIPTION
In the second section of the business plan, the business, its
history is mentioned, how and why it is made? What are the
inspiration ad motives behind a business. The missions, motives
and goals to be achieved in the next ten years is explained in
this section. What are the main industry trends, market

7. technology etc is mainly explained in this section. What is the
type of organization, the form of ownership, management,
personnel and legal advisors are hired in the next five years will
be discussed in this section.
III.
THE MARKETING PLAN
A very important section is the market analysis. What are the
trends focused in the market, the competition trends, products,
facilities and incentives provided to the customer. Similarly,
location analysis and strategy for fixing prices, the rate of sales
and other marketing strategies.
IV.
THE OPERATIONS PLAN
The implementation plan is focused in this section of the
business plan. The materials and sources of supply is done by
which means? The decision to build or buy a warehouse where
all the products are manufactured or imported from the other
city. What will be the methods of production? The services or
products will be manufactured for what timeline? Similarly,
recordkeeping and bookkeeping of all the raw material is
observed. Other issues like legal complications, risk
management and retail marketing methods are also analyzed in
this section.
V.
THE MONETARY PLAN
All the financial and operational dealing is analyzed in this
section of the business plan like cashflow projections, bank
statements, calculations of fixed and liquid assets, liabilities,
capitals, revenues, incomes generated from the business for the
next five years is being planned under this section of the
document. Financial statements analysis and break even
analaysis is also done. This section is considered to be the
backbone of the business plan because it defines the resources a

8. business holds.
VI.
APPENDIX
All the back up of any business is planned in this section of the
business plan where resumes of the employees to be hired or
currently hired are submitted, their job descriptions, portfolios,
salary packages, leave rules, promotion strategies is being
analyzed as according to the budget and rules of the company.
The paln of interior, maps and exterior building mapping is
saved in this section, all confidential documents related to the
business is saved in this section of the business plan. Products
and services photos are also mentioned in this.
Concluding Summary
It is very easy to create a business plan but it is not easy to
create an effective business plan. It is important to evidently
define what one business is actually selling. Obviously, no
business can make a strategy that is acceptable or effective for
all kinds of businesses but every plan is connected with the
nature of business one is trying to set up. Those factors must be
controlled side by side that can have a negative impact on the
business. For small businesses like grocery or retail stores, the
best strategy is to diversify the products and services into
various market segments. As far as specialization in the
business is concerned, small operations can offer specialized
products and services for the particular buyers. A market survey
is again the key that plays the vital role in implementing any
business strategy to a new business.
References
Eric S. Siegel, Brian R. Ford, Jay M. Bornstein (1993), 'The
Ernst & Young Business Plan Guide' (New York: John Wiley
and Sons) ISBN 0-471-57826-6
Pinson, Linda. (2004). Anatomy of a Business Plan: A Step-by-
Step Guide to Building a Business and Securing Your
Company’s Future (6th Edition). Page 20. Dearborn Trade:
Chicago, USA.
Lisa McQuerrey, L. (N.D.). Demand Media. Start Up Costs for

9. Running a Retail Business. Chrone. Retrieved from :-
http://smallbusiness.chron.com/start-up-costs-running-retail-
business-14547.html
Greg Balanko-Dickson. (2009). BPlans. Business Startup
Strategy. Retrieved from: http://articles.bplans.com/starting-a-
business/business-start-up-strategy/73#ixzz2lLoPN1HI
Ward, S. (2008). Forms of Business Ownership. Small
Businesses in Canada. Retrieved from :-
http://sbinfocanada.about.com/od/startup/g/bizforms.htm
Write a paragraph response that defends the position that the
constructivism view toward learning being a collaborative effort
to build a common knowledge base is an effective theory for
21st century educational technology?
Cognitive research has uncovered successful patterns in tutorial,
mentoring, and group discussion interactions. However, typical
Internet chat and bulletin-board systems do not support a
constructivist approach to learning and instruction. During the
1990s, researchers created tools such as Knowledge Forum, the
Knowledge Integration Environment, and Co Vis to more fully
address constructivist principles. Each of these tools invites
collaboration by structuring the kinds of contributions learners
can make, supporting meaningful relationships among those
contributions, and guiding students' inquiries. Teachers who use
information and communication technologies in their
classrooms are more likely to have a constructivist perspective
towards learning and instruction. Additionally, sophisticated
information and technology communications tools can capture
the cognitive processes learners engage in when solving
problems. This affords teacher reflection and coaching to aid
deeper learning. It also affords teachers the chance to learn
from each other. Actually I cut and paste these from the
internat. Please I want you to look at it. Does it answer the
question or not. If yes, please rewrite it in simple word and if

10. not, answer it please.
What is the factors underlying the digital divide?
Digital divide is the gab between people who have access of
internet and those who are not.
There are many underlying cause of digital divide which are
Access, gender, cost, culture, language, and education.
People who live in digital have countries have great access to
variety of communication media and information, while other
who live in digital have not countries cant access and use
internet. Also, some people can afford internet access, while
other cant, so it is cost factor. Education play role of digital
divide because internet will not be useful for people who can
not read. Geographical location may influence a person’s wealth
or education. Wealthier families are more likely to have internet
access at home. Furthermore, language is an important
determinant of internet use, because of the majority of internet
is English, so people who cant read English will not use internet
as much as other people who know English. Gender is another
factor. Most women have been online less than men and when
they do go online they spend less time than the men do
(Kennedy,Wellman&Klenent(2003). That may be because some
cultural gender role on society. Please rewrite this paragraph for
me.
Identifying the factors that in your opinion required education
to adopt a systematic approach to addressing educational
technological needs.
There are some process that we need in order to address
educational technological needs. We need to make an strategy
plan that let us to know where we are now and where we want to
be in the future. The first step we need to conduct a survey for
students and staff to provide some inputs. Then we should look
for the survey findings to see what are the needs. After
evaluating the need we should write a professional development

11. plan that consider how the organization assess the technology
professional development need of certified staff, administration,
and non certified staff, technology professional development
training available to certified staff, and how the effectiveness of
the professional development training. We will also do other
assessment to see if we achieve all the goals or not. If not we
need to develop our objects. Moreover,we will look at first the
money that we have and the type of technology that each class
need. Please arrange and develop my idea.
What is AECT, ISTE,COSN, and SITE and what is the major
different between them?
No more than one or two paragraph.