The document provides an overview of community development and economic concepts. It discusses what an economy is and different types of economies. It also examines factors of production and various economic variables that impact businesses. Community development is defined as efforts by local communities to solve economic and social problems. Examples are given of local development projects and benefits they provide. Several organizations that support community development through training, grants and other assistance are also outlined.
Chapter 19 lc business business organisationsDave Dempsey
This document discusses different types of business organizations including sole traders, partnerships, limited companies, public limited companies, cooperatives, franchises, and semi-state bodies. It provides information on their formation, ownership, management, finance, profits, risks, and reasons for changing between different structures. Specifically, it outlines the key advantages and disadvantages of each type of business organization.
Chapter 7 lc business management skills communicationDave Dempsey
This document summarizes key topics around management communication skills. It discusses what communication is, principles of effective communication, barriers to communication, and implications of poor communication for businesses. It also covers different types of communication, meetings, memos, reports and letters. The document provides guidance on choosing communication methods and discusses internal versus external communication. Overall, the summary emphasizes the importance of effective communication for businesses and provides best practices for managers.
This presentation was done for Illinois Library Association's Reaching Forward conference May 2012. Customer Service is about bring the customer back. It's like DATING. You want the second, third, etc. DATE.
(It is abbreviated for slideshare.)
Linda Feltman has worked with the Penn State SBDC as the senior business consultant since April 1999. Prior to joining the SBDC staff, over the course of twenty years, she was involved in several small business start-ups as a principal or owner. She has authored a column for Pennsylvania Magazine since 1992 and is the author of several books. She has been an adjunct faculty member in Penn State's College of Communications since 2005. Linda was the recipient of the 2008-2009 College of Communications' Deans' Excellence Award for Outstanding Faculty Associate. Currently, she is the advisor for a new Penn State student organization, Happy Valley Communications.
Linda is a 1976 graduate of Penn State, earning a bachelor's degree in Advertising. Prior to that, she attended the University of Montreal (Canada) and the College of Dupage, Glen Ellyn, Ill. She studied abroad in 1976 attending the University of Manchester. Although she enjoys living in her adopted state of Pennsylvania, she occasionally visits the Chicago suburb where she grew up to reconnect with family and friends.
Amplify Funding by Reducing Unemployment Costs4Good.org
This webinar can help nonprofits put money back where it is needed most – toward fulfilling their missions.
There’s a simple way to free up unrestricted funds by lowering unemployment costs. Millions of employers are seeing rising taxes due to prolonged national unemployment – but 501(c)(3)s have an alternative.
During this webinar, you will learn 3 simple steps nonprofits can take to reduce unemployment costs.
Chapter 4 lc business enterprise and entrepreneursDave Dempsey
This chapter discusses entrepreneurs and enterprise. It defines enterprise as using initiative to come up with business ideas and defines an entrepreneur as someone who spots opportunities and is willing to take risks to pursue something new. It provides examples of Irish entrepreneurs and discusses characteristics and skills of successful entrepreneurs. It explores how enterprise works in different settings and the importance of enterprise for economic and societal benefits like jobs, tax revenue, and improved standards of living. Reasons for Ireland's growing enterprise culture include education, role models, EU membership, and government supports.
Chapter 5 lc introduction to managementDave Dempsey
This document provides an overview of management concepts including:
1) It defines management as the process of bringing together all resources like people, finance, machinery, and materials to get work done by setting and achieving objectives.
2) It lists some key characteristics of effective managers such as being problem solvers, decisive, good communicators, and having self-belief and charisma.
3) It outlines that management occurs in different contexts like at home, school, local communities, and government and will be explored further in later chapters.
A true Story of how a crooked judge and liars can come together and destroy an innocent family. The Granger were set up and put in jail on a total lie. Jefferson county set up a jury and changed documents to put us in jail.
Chapter 19 lc business business organisationsDave Dempsey
This document discusses different types of business organizations including sole traders, partnerships, limited companies, public limited companies, cooperatives, franchises, and semi-state bodies. It provides information on their formation, ownership, management, finance, profits, risks, and reasons for changing between different structures. Specifically, it outlines the key advantages and disadvantages of each type of business organization.
Chapter 7 lc business management skills communicationDave Dempsey
This document summarizes key topics around management communication skills. It discusses what communication is, principles of effective communication, barriers to communication, and implications of poor communication for businesses. It also covers different types of communication, meetings, memos, reports and letters. The document provides guidance on choosing communication methods and discusses internal versus external communication. Overall, the summary emphasizes the importance of effective communication for businesses and provides best practices for managers.
This presentation was done for Illinois Library Association's Reaching Forward conference May 2012. Customer Service is about bring the customer back. It's like DATING. You want the second, third, etc. DATE.
(It is abbreviated for slideshare.)
Linda Feltman has worked with the Penn State SBDC as the senior business consultant since April 1999. Prior to joining the SBDC staff, over the course of twenty years, she was involved in several small business start-ups as a principal or owner. She has authored a column for Pennsylvania Magazine since 1992 and is the author of several books. She has been an adjunct faculty member in Penn State's College of Communications since 2005. Linda was the recipient of the 2008-2009 College of Communications' Deans' Excellence Award for Outstanding Faculty Associate. Currently, she is the advisor for a new Penn State student organization, Happy Valley Communications.
Linda is a 1976 graduate of Penn State, earning a bachelor's degree in Advertising. Prior to that, she attended the University of Montreal (Canada) and the College of Dupage, Glen Ellyn, Ill. She studied abroad in 1976 attending the University of Manchester. Although she enjoys living in her adopted state of Pennsylvania, she occasionally visits the Chicago suburb where she grew up to reconnect with family and friends.
Amplify Funding by Reducing Unemployment Costs4Good.org
This webinar can help nonprofits put money back where it is needed most – toward fulfilling their missions.
There’s a simple way to free up unrestricted funds by lowering unemployment costs. Millions of employers are seeing rising taxes due to prolonged national unemployment – but 501(c)(3)s have an alternative.
During this webinar, you will learn 3 simple steps nonprofits can take to reduce unemployment costs.
Chapter 4 lc business enterprise and entrepreneursDave Dempsey
This chapter discusses entrepreneurs and enterprise. It defines enterprise as using initiative to come up with business ideas and defines an entrepreneur as someone who spots opportunities and is willing to take risks to pursue something new. It provides examples of Irish entrepreneurs and discusses characteristics and skills of successful entrepreneurs. It explores how enterprise works in different settings and the importance of enterprise for economic and societal benefits like jobs, tax revenue, and improved standards of living. Reasons for Ireland's growing enterprise culture include education, role models, EU membership, and government supports.
Chapter 5 lc introduction to managementDave Dempsey
This document provides an overview of management concepts including:
1) It defines management as the process of bringing together all resources like people, finance, machinery, and materials to get work done by setting and achieving objectives.
2) It lists some key characteristics of effective managers such as being problem solvers, decisive, good communicators, and having self-belief and charisma.
3) It outlines that management occurs in different contexts like at home, school, local communities, and government and will be explored further in later chapters.
A true Story of how a crooked judge and liars can come together and destroy an innocent family. The Granger were set up and put in jail on a total lie. Jefferson county set up a jury and changed documents to put us in jail.
This very short document does not contain enough substantive information to summarize in 3 sentences or less. It consists of only 3 words - "Something", "about", and "me" - without any context or connecting information.
Google Maps was previously the default map application on the iPhone, but Apple removed it and replaced it with their own Apple Maps application. However, Apple Maps had many inaccuracies in its data and was missing important features like transit directions and traffic information that users had come to rely on in Google Maps. As a result, Apple Maps received significant criticism and users wanted Google Maps returned to the iPhone.
The document discusses effective communication, including the goals of communication, benefits of effective communication, and essentials for effective communication. It describes communication as the exchange of information between individuals through symbols or behaviors. The four main goals of communication are to inform, request, persuade, and build relationships. The 10 essentials of effective communication include knowing your audience, respecting them, having a clear objective, organizing before communicating, and listening to feedback.
This document outlines the relationships between different economic measures including gross domestic product, gross national product, net national product, and net national income. It shows how factor costs, subsidies, indirect taxes, and net income from abroad relate to and are used to calculate these key economic aggregates.
The 2013 budget will introduce several new taxes and increase existing taxes. A local property tax of 0.18-0.25% of market value will be introduced. Child benefit will be reduced by €10 per month. Excise duties will rise on alcohol, cigarettes, and fuels. Prescription charges for medical card holders will triple. Third level student contributions will increase by €250 per year. Capital gains and inheritance taxes will also rise by 3%.
This document provides a refreshers guide to bookkeeping concepts. It discusses books of first entry like general journals, control accounts, and day books. It explains key bookkeeping principles such as debits and credits, the EARL rule, and how to complete ledger and control accounts. Examples are provided for journal entries, control accounts for debtors and creditors, and entries in the day books. The document is intended as a review for accounting students and professionals.
Chapter 3 lc bus conflict in workplaceDave Dempsey
This document provides an overview of resolving conflict in the workplace and key areas of industrial relations legislation in Ireland. It discusses what industrial relations are, how pay and conditions are negotiated, types of industrial action, and the roles of the Labour Relations Commission and Labour Court. Key acts discussed include the Industrial Relations Act 1990, Employment Equality Act 1998, and Unfair Dismissals Acts 1977-2007. The purpose of these acts is to define and regulate trade disputes, protect employees' rights, promote equal treatment, and provide recourse for unfair dismissal.
Chapter 1 lc business intro to people in businessDave Dempsey
This document discusses key topics relating to business including what business is, who the stakeholders are, and how business impacts its stakeholders. It defines business as an organization set up to provide goods or services to customers. The main stakeholders identified are entrepreneurs, investors, employers, employees, producers, suppliers, service providers, customers, society, government, and interest groups. It explores how businesses can impact these stakeholders both positively, such as through job creation and tax revenue, and negatively, for example through environmental damage. The document also examines cooperative and competitive relationships in business and potential causes of conflict.
The document discusses the factors of production (land, labor, capital, enterprise), primary sectors (agriculture, fishing, forestry), secondary sectors (construction, manufacturing including agribusiness, TNCs, and indigenous firms), and tertiary sectors (financial services, tourism). It provides details on trends and challenges facing each sector, such as declining EU grants for agriculture, restrictions on fishing quotas, slow returns on forestry investment, decreased construction during economic downturns, and growth of the technology industry in Ireland.
Chapter 2 lc business conflict in marketplaceDave Dempsey
The document provides an overview of resolving conflicts in business contracts and protecting consumer rights. It discusses contract law elements, terminating contracts, and remedies for breach of contract. It also outlines the Sale of Goods and Supply of Services Act 1980 and Consumer Protection Act 2007, which set standards for goods, services, and advertising. The document notes non-legislative and legislative approaches for resolving consumer disputes, such as talking to retailers, seeking help from consumer organizations, or using the Small Claims Court.
Enterprise refers to starting a new business or initiative with vision and risk-taking. An entrepreneur applies enterprise by setting up a business, while an intrapreneur works within an existing organization to develop new ideas. The document then discusses characteristics of successful entrepreneurs such as confidence, flexibility, and innovation. It also outlines important enterprise skills like planning, decision-making, and managing people. The document provides examples of enterprise in different contexts and discusses why enterprise is important for economic growth.
This document contains a list of business-related topics that can be clicked on for more information. The topics include barriers to effective communication, categories of industry, control, economic variables, enterprise skills, EU directives and regulations, forms of business ownership, human resource management, insurance principles, management skills and activities, promotional mix, risk management, sources of new product ideas, stages of new product development, stakeholders, SWOT analysis, technology, types of production, and more.
The document lists numerous federal civil lawsuits filed by members of the Granger family, primarily Bartholomew Granger, Lyndon Granger, and Allen James Granger. These lawsuits name various government entities and officials as defendants and allege civil rights violations and lack of justice in relation to criminal cases involving the Granger family members. The document expresses frustration that despite the many lawsuits filed, the Granger family has experienced no justice from the legal system, which they view as prejudiced against black people.
Leaving cert business plan 5th & 6th year (global business)avrilleahy
The document provides a term-by-term plan for a 5th year Leaving Certificate Business class. It outlines the topics, learning outcomes, literacy and numeracy focuses, resources and assessments for each week. The plan covers 7 units: People and Relationships in Business; Enterprise; Managers and Management; Household and Business Management; Identifying Business Opportunities; and Marketing. Key topics include stakeholders, contracts, management skills, accounting, and business expansion strategies. Literacy focuses include keywords, vocab files and case studies. Numeracy focuses include calculations, ratios and cash flow forecasts. Resources include data projectors, exam papers and websites.
Chapter 6 lc business management skills leadership and motivationDave Dempsey
The document discusses leadership, motivation, and management skills. It describes three leadership styles: autocratic, where the leader is in control and delegates little; democratic, where the leader shares power and seeks input; and laissez-faire, where the leader gives staff freedom and trust. It also discusses motivation theories by Maslow and McGregor, including Maslow's hierarchy of needs and McGregor's Theory X and Theory Y approaches to management.
This document provides a refreshers guide to bookkeeping concepts. It discusses books of first entry like general journals, control accounts, and day books. It explains key bookkeeping principles such as the EARL rule for identifying debit and credit entries, and how to determine the debit or credit side of control accounts and ledger accounts based on whether a transaction increases or decreases the related balance. The document also provides examples and worksheets to practice applying these concepts.
This document discusses business ethics and social responsibility. It provides definitions of business ethics as the principles and standards that define acceptable conduct in business. Social responsibility is defined as a business's obligation to maximize its positive impact and minimize its negative impact on society. The document outlines ethical issue categories and factors that influence business ethics for individuals and organizations. It discusses the pyramid of social responsibility and responsibilities from economic to philanthropic. It also addresses ethics in the workplace and how to build ethical safeguards into a company.
Partnering for effective enterprise development requires thinking strategically about your company's vision and choosing a credible implementation partner. Measuring the impact, not just the spend, of enterprise development initiatives allows companies to demonstrate real and sustainable benefits for beneficiaries and stakeholders. Key lessons include clearly defining the problem to be solved, adapting international best practices to the local context, carefully selecting program participants, starting small to allow for learning, and budgeting for monitoring and evaluation from the outset.
This very short document does not contain enough substantive information to summarize in 3 sentences or less. It consists of only 3 words - "Something", "about", and "me" - without any context or connecting information.
Google Maps was previously the default map application on the iPhone, but Apple removed it and replaced it with their own Apple Maps application. However, Apple Maps had many inaccuracies in its data and was missing important features like transit directions and traffic information that users had come to rely on in Google Maps. As a result, Apple Maps received significant criticism and users wanted Google Maps returned to the iPhone.
The document discusses effective communication, including the goals of communication, benefits of effective communication, and essentials for effective communication. It describes communication as the exchange of information between individuals through symbols or behaviors. The four main goals of communication are to inform, request, persuade, and build relationships. The 10 essentials of effective communication include knowing your audience, respecting them, having a clear objective, organizing before communicating, and listening to feedback.
This document outlines the relationships between different economic measures including gross domestic product, gross national product, net national product, and net national income. It shows how factor costs, subsidies, indirect taxes, and net income from abroad relate to and are used to calculate these key economic aggregates.
The 2013 budget will introduce several new taxes and increase existing taxes. A local property tax of 0.18-0.25% of market value will be introduced. Child benefit will be reduced by €10 per month. Excise duties will rise on alcohol, cigarettes, and fuels. Prescription charges for medical card holders will triple. Third level student contributions will increase by €250 per year. Capital gains and inheritance taxes will also rise by 3%.
This document provides a refreshers guide to bookkeeping concepts. It discusses books of first entry like general journals, control accounts, and day books. It explains key bookkeeping principles such as debits and credits, the EARL rule, and how to complete ledger and control accounts. Examples are provided for journal entries, control accounts for debtors and creditors, and entries in the day books. The document is intended as a review for accounting students and professionals.
Chapter 3 lc bus conflict in workplaceDave Dempsey
This document provides an overview of resolving conflict in the workplace and key areas of industrial relations legislation in Ireland. It discusses what industrial relations are, how pay and conditions are negotiated, types of industrial action, and the roles of the Labour Relations Commission and Labour Court. Key acts discussed include the Industrial Relations Act 1990, Employment Equality Act 1998, and Unfair Dismissals Acts 1977-2007. The purpose of these acts is to define and regulate trade disputes, protect employees' rights, promote equal treatment, and provide recourse for unfair dismissal.
Chapter 1 lc business intro to people in businessDave Dempsey
This document discusses key topics relating to business including what business is, who the stakeholders are, and how business impacts its stakeholders. It defines business as an organization set up to provide goods or services to customers. The main stakeholders identified are entrepreneurs, investors, employers, employees, producers, suppliers, service providers, customers, society, government, and interest groups. It explores how businesses can impact these stakeholders both positively, such as through job creation and tax revenue, and negatively, for example through environmental damage. The document also examines cooperative and competitive relationships in business and potential causes of conflict.
The document discusses the factors of production (land, labor, capital, enterprise), primary sectors (agriculture, fishing, forestry), secondary sectors (construction, manufacturing including agribusiness, TNCs, and indigenous firms), and tertiary sectors (financial services, tourism). It provides details on trends and challenges facing each sector, such as declining EU grants for agriculture, restrictions on fishing quotas, slow returns on forestry investment, decreased construction during economic downturns, and growth of the technology industry in Ireland.
Chapter 2 lc business conflict in marketplaceDave Dempsey
The document provides an overview of resolving conflicts in business contracts and protecting consumer rights. It discusses contract law elements, terminating contracts, and remedies for breach of contract. It also outlines the Sale of Goods and Supply of Services Act 1980 and Consumer Protection Act 2007, which set standards for goods, services, and advertising. The document notes non-legislative and legislative approaches for resolving consumer disputes, such as talking to retailers, seeking help from consumer organizations, or using the Small Claims Court.
Enterprise refers to starting a new business or initiative with vision and risk-taking. An entrepreneur applies enterprise by setting up a business, while an intrapreneur works within an existing organization to develop new ideas. The document then discusses characteristics of successful entrepreneurs such as confidence, flexibility, and innovation. It also outlines important enterprise skills like planning, decision-making, and managing people. The document provides examples of enterprise in different contexts and discusses why enterprise is important for economic growth.
This document contains a list of business-related topics that can be clicked on for more information. The topics include barriers to effective communication, categories of industry, control, economic variables, enterprise skills, EU directives and regulations, forms of business ownership, human resource management, insurance principles, management skills and activities, promotional mix, risk management, sources of new product ideas, stages of new product development, stakeholders, SWOT analysis, technology, types of production, and more.
The document lists numerous federal civil lawsuits filed by members of the Granger family, primarily Bartholomew Granger, Lyndon Granger, and Allen James Granger. These lawsuits name various government entities and officials as defendants and allege civil rights violations and lack of justice in relation to criminal cases involving the Granger family members. The document expresses frustration that despite the many lawsuits filed, the Granger family has experienced no justice from the legal system, which they view as prejudiced against black people.
Leaving cert business plan 5th & 6th year (global business)avrilleahy
The document provides a term-by-term plan for a 5th year Leaving Certificate Business class. It outlines the topics, learning outcomes, literacy and numeracy focuses, resources and assessments for each week. The plan covers 7 units: People and Relationships in Business; Enterprise; Managers and Management; Household and Business Management; Identifying Business Opportunities; and Marketing. Key topics include stakeholders, contracts, management skills, accounting, and business expansion strategies. Literacy focuses include keywords, vocab files and case studies. Numeracy focuses include calculations, ratios and cash flow forecasts. Resources include data projectors, exam papers and websites.
Chapter 6 lc business management skills leadership and motivationDave Dempsey
The document discusses leadership, motivation, and management skills. It describes three leadership styles: autocratic, where the leader is in control and delegates little; democratic, where the leader shares power and seeks input; and laissez-faire, where the leader gives staff freedom and trust. It also discusses motivation theories by Maslow and McGregor, including Maslow's hierarchy of needs and McGregor's Theory X and Theory Y approaches to management.
This document provides a refreshers guide to bookkeeping concepts. It discusses books of first entry like general journals, control accounts, and day books. It explains key bookkeeping principles such as the EARL rule for identifying debit and credit entries, and how to determine the debit or credit side of control accounts and ledger accounts based on whether a transaction increases or decreases the related balance. The document also provides examples and worksheets to practice applying these concepts.
This document discusses business ethics and social responsibility. It provides definitions of business ethics as the principles and standards that define acceptable conduct in business. Social responsibility is defined as a business's obligation to maximize its positive impact and minimize its negative impact on society. The document outlines ethical issue categories and factors that influence business ethics for individuals and organizations. It discusses the pyramid of social responsibility and responsibilities from economic to philanthropic. It also addresses ethics in the workplace and how to build ethical safeguards into a company.
Partnering for effective enterprise development requires thinking strategically about your company's vision and choosing a credible implementation partner. Measuring the impact, not just the spend, of enterprise development initiatives allows companies to demonstrate real and sustainable benefits for beneficiaries and stakeholders. Key lessons include clearly defining the problem to be solved, adapting international best practices to the local context, carefully selecting program participants, starting small to allow for learning, and budgeting for monitoring and evaluation from the outset.
The education / learning environments within which freelance musicians operate are in a state of flux and will most likely remain so for the foreseeable future. The Darren Henley review (Music Education in England, 2011) the National Music Plan, the national education reforms, Big Society and of course Government’s imposed austerity measures have far reaching implications for music leaders wishing to work in the formal and/or non formal arts sectors.
This 2 day interactive programme of training will equip music leaders with the necessary business and project management skills necessary to identify, win and sustain new project based opportunities.
Mike Running is the Executive Director of Dumas Economic Development, a member of the Ports-to-Plains Alliance. He gave this presentation at the Rural Development Symposium 2010 - Taking Charge! November 3-5, 2010, Medicine Hat Lodge, Medicine Hat, Alberta
New Year's Business Planning: How to Set Goals & DOMINATE 2016Surefire Local
Join Mark Richardson- well-known keynote speaker and author and Tim Musch of MarketSharp on best practices for planning for the new year. Mark Richardson says, "Fail to plan then plan to fail." It is time begin to stretch you longer term planning muscles again. The stars and planets are showing positive times for growth in the remodeling industry. What are the key indicators to monitor? How do you begin an effective planning process? I'll give you 10 keys to a world class 2016 plan!
Tim Musch, Director of Business Development from MarketSharp, will detail the six basic phases of your marketing/sales process and provide tips on planning to help level out the peaks and valleys in your business and provide a steady flow of ‘ready to buy’ leads. And get this… Tim will show you a way to grow your business by 61% in 2016 while only getting 10% better at what you do! Sound impossible? It’s not! As a bonus for attending, you will receive three powerful planning and implementation tools (these are VERY cool) absolutely free that will help make achieving your 2016 goals a breeze.
The document describes the activities of the EBI Network, which works to promote economic development in west central Illinois through four strategic themes: entrepreneurship, innovation, globalization, and sustainability. The Network operates entrepreneurship and globalization centers that provide resources and assistance to local businesses. It also manages an incubator to help startup companies. The entrepreneurship center educates and counsels individuals looking to start businesses through workshops, training programs, and one-on-one advising. The goal is to support entrepreneurship across the region and help turn ideas into successful businesses that will strengthen the local economy.
Corporate Citizenship's senior consultant Thomas Milburn was guest speaker at The International Council of Shopping Centers annual RECon conference APAC in Bangkok, Thailand. RECon is the largest global gathering of retail real estate professionals, including the world’s largest developers, owners, retailers and more.
The document discusses potential partnerships between non-profits and businesses to better serve immigrant communities. It outlines the challenges non-profits face and benefits partnerships can provide for both sectors. Key points include defining different levels of collaboration, from basic sponsorships to more strategic social responsibility partnerships where goals are closely aligned. Creating win-win partnerships can help non-profits provide more relevant services while giving businesses new market insights and a stronger community reputation. The shared goal is to better include and serve Canada's growing immigrant populations.
This document summarizes a presentation about partnerships between businesses and non-profits. The presentation discusses how demographic changes in Canada are creating opportunities for collaboration to serve diverse communities. It outlines different levels of partnership from philanthropic to integrated. Challenges to partnerships like cultural differences and separate goals are addressed. The presentation provides steps to prepare proposals for businesses, including identifying mutual benefits and gathering evidence of successful partnerships.
Michael Dell founded Dell Computers in 1984 after starting an informal business assembling and selling PC upgrade kits as a student. He developed a business model of selling computers directly to customers rather than through retail stores, allowing Dell to reduce costs and become the largest PC brand worldwide. Dell stepped down as CEO in 2004 but remains chairman of Dell Technologies. He has also established philanthropic foundations focused on education and health that have committed over $650 million to charitable causes.
The document discusses three things that could cause economic failure if unchanged: 1) private student loans and tougher lending standards, 2) high unemployment, and 3) decrease in GDP. It provides issues and proposed solutions for each.
The agenda includes talks on opportunities for economic growth, competitiveness strategies for small and medium enterprises, and the benefits of collaboration. The second speaker will discuss whether the current economic situation represents an opportunity or danger for businesses. They will encourage businesses to prepare for an economic upswing by focusing on planning, timing investments appropriately within the cycle, strengthening company culture, and developing new products and markets. The third talk will outline a seven stage process for developing an "irrefutable offer" that can help businesses gain a competitive advantage through strategies like redefining value propositions and currencies. The final speaker will argue that collaboration, rather than competition, is a better strategy for business survival and optimization.
The Ferndale DDA presented its FYE 2012 budget to Ferndale City Council on Wednesday, April 20, 2011. This presentation includes an overview of what the DDA does, the FYE 2012 budget projections with and without an Headlee Amendment Override, and what the impact of eliminating the DDA would be on the community.
Is Your Community Prepared for Economic Development?MBEDC, LLC
The document discusses trends impacting economic development and strategies for communities to stay competitive. It notes that communities must adapt to major economic transitions, changing business needs, and shifts in economic development practices. Further, communities face replacing retiring workers with fewer new workers, budget cuts, and other challenges. The presentation then outlines 10 strategies for communities, including emphasizing collaboration, entrepreneurship, retention and expansion efforts, and fine-tuning marketing and financing tools. It stresses the importance of understanding the community and establishing goals and priorities to guide economic development efforts.
Entrepreneurship involves creating and managing a new business to achieve an objective. It identifies opportunities through innovations that add value over time. While inventions create new things, innovations continually upgrade inventions by introducing new ideas, products, processes or services. Entrepreneurship is important as it enhances economic growth through job creation, drives innovation, and creates new job opportunities. It also promotes social change by addressing societal problems. The personal discovery stage of entrepreneurship involves discovering one's personal values, passions, defining a company purpose and creating a mission statement to guide the venture.
Entrepreneurship involves creating and managing a new business to achieve an objective. It identifies opportunities through innovations that add value over time. While inventions create new things, innovations continually upgrade inventions through new ideas, products, processes or services. Entrepreneurship is important as it enhances economic growth through job creation, drives innovation to meet customer needs, and creates new job opportunities as businesses expand. It also promotes social change by addressing societal problems and powering grassroots movements like dairy cooperatives in India. Personal discovery for entrepreneurs involves defining personal values, passions, building a team, and creating a mission statement to guide the venture.
Entrepreneurship skills are needed by everyone. This was a presentation made for some selected district associations in North Western Province of Zambia to equip them with useful entrepreneurial skills
H3 presentation - 20 Years of Investing in and Operating Technology Companies Jeff Dyment
Experience from the buy-side, sell-side and being an operator of start-ups. Having invested in >40 companies, managed a $400 million portfolio of direct investments and fund investments, started 5 companies, and successfully exited dozens, these are some of the important lessons learned.
This document provides an overview of key concepts in business studies including business activity, needs vs wants, factors of production, scarcity, opportunity cost, specialization, division of labor, types of goods and services, and adding value. Specifically:
1. Business activity combines factors of production like capital, labor, land and enterprise to create goods and services that satisfy consumer wants. This employs people and pays them wages to consume other products.
2. There is scarcity because unlimited wants cannot be met by limited factors of production. Specialization and division of labor increase efficiency and productivity to reduce costs and provide more goods and services at lower prices.
3. Adding value is the difference between the cost of production and
Affordability has been a focus of key administrative and public and private initiatives. These programs are bringing to light some of the broader issues facing Main Streets around access to housing and employment and thoughtful solutions-oriented initiatives. Our Main Streets are often the core of our communities, beyond small business, they define how we think about housing, housing access and policies around development. Our session will focus on private and public sector endeavors, sources of capital, and how strengthening of communities and not just businesses is key to ultimately addressing affordability in a multi-pronged approach.
Similar to Chapter 20 lc business business the economy com dev (20)
2. Key Areas
• What is an Economy SQ
• Types of Economies SQ
• Factors of Production (Review… done before)
• Economic Variables NB. NB. NB. NB
D. Dempsey
3. Key Areas
• What is Community Development?
• Examples of local Development projects
• Benefits of Business Enterprise to local
Community
• Community Development Organisations:
– Leader Plus
– FAS
– County Enterprise Boards
– Area Partnership Companies
D. Dempsey
6. What is an Economy?
An economy is a system that uses the 4 factors
of production to produce goods and services
demanded by consumers.
Free market/Capitalist/Free Enterprise
Private ownership of the factors of production and the means of distributing
goods and services. Consumer decides what is wanted not the state
Controlled Economy
Government tries to control economic activity by owning all the factors of
production.
D. Dempsey
8. Factors of Production
1. Land
– Refers to all the natural materials used in the production such as land itself,
mineral wealth, water, timber, coal, natural gas, sun wind, fishstocks
2. Labour
– Physical human effort involved in production or providing a service
3. Capital
– Anything manmade that helps to produce goods and services. Machinery,
buildings, factories, tools etc, aswell as finance itself
4. Enterprise
– Practiced by an Entrepreneur.. Enterprise coordinates the other 3 factors
into a successful business venture
D. Dempsey
9. New terms…SQs maybe…Topical
Economic Growth…refers to any increases in
financial value of all G & S produced from a
country’s resources.
Boom, Recession, Depression
D. Dempsey
11. Example Q: Analyse how the economic variables/factors in the
Irish economy impact on Business
D. Dempsey
12. Economic variables impact on
3 key areas of business
• Business Sales
Your answer
has these
points
• Business Costs
• Business Confidence…in the future which
influences their willingness to invest or
expand
D. Dempsey
13. Employment & Unemployment
• Unemployed people have less disposable
income…Think about the effects
• Only purchase essentials
• Sales & profits decrease therefore reduced job
security…downward spiral
• Tax rates increases
• Social Problems
• Reduced revenue to Gov
• Workforce becomes de-skilled
D. Dempsey
18. Answering a Q
• Sales
• Costs
• Business Confidence
D. Dempsey
19. Inflation
• % increase in prices of goods from year to year.
• Measured by CPI… average family spending
Impact of high inflation on business
• Higher cost of raw materials, less competitive
• Imports become cheaper option
• Reduced entrepreneurship
• Wage increases
• Less competitive internationally
D. Dempsey
20. Effect of Low inflation rates
• Businesses are prepared to borrow and
expand
• Increased tax revenue
• Wage costs stay same
• Improved competitive position in international
trading
D. Dempsey
24. Answering a Q
• Sales
• Costs
• Business Confidence
D. Dempsey
25. Interest Rates
• Price of money
• If low then money is cheap
• If high then money is more expensive and therefore people are
more reluctant to borrow
• Irish interest rates are set by ECB
Impact of increase on Irish Business
• Reduces profits
• Halt expansion, miss opportunities
• Discourage people from setting up business
• Higher inflation, less disposable income, reduced demand
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26. Answering a Q
• Sales
• Costs
• Business Confidence
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27. Exchange Rates
• The price of one currency against another.
NB… Short Q
The general rule for exchange rates when an
exchange rate falls:
• Exports = cheaper
• Imports = dearer
• Home tourism benefits
• It leads to import inflation as we have to
import essential raw materials and finished
goods. These are now more expensive therefore
leading to higher prices in Ireland
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29. Answering a Q
• Sales
• Costs
• Business Confidence
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30. Taxation
Contribution to the state by its people and
businesses.
• What happens when there is an increase or
decrease in…
– Corporation tax
– PAYE
– PRSI
– VAT
How does this affect business?
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31. Answering a Q
• Sales
• Costs
• Business Confidence
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32. Subsidies and Grants
• A Subsidy is a payment from the government
to a firm. Opposite of tax.
• Allows the firm to provide unprofitable
services by providing price top-ups
• EG. CIE
• A Grant is a non repayable amount of money
from Gov’ and EU…
DON’T WRITE FREE MONEY
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34. How does business activity impact on overall
development of the Economy?
Positive Impact Negative impact
• Jobs • Large firms can have very
• Tax revenue strong influence
• Reinvest profits • Increased inflation
• Economic growth
• Difficult cycle to break
• Multiplier effect
• Controlling inflation • Pollution
• Reduced Social welfare • Competition can cause job
• Local communities losses
• Standard of living/Quality of • Social cost of Business
life
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Handout
35. Key Areas
• What is an Economy
• Types of Economies
• Factors of Production
• Economic Variables
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37. Key Areas
• What is Community Development?
• Examples of local Development projects
• Benefits of Business Enterprise to local
Community
• Community Development Organisations:
– Leader Plus
– FAS
– County Enterprise Boards
– Area Partnership Companies
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39. What is Community Development?
Refers to the efforts by local communities to
solve their social and economic problems by
developing entrepreneurship among local
people.
Community enterprise initiatives are an
essential element in tackling local economic
stagnation or decline.
NB… Start of every answer
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42. Examples of Local Development Projects:
• Building Holiday cottages to rent out
• Opening a community sports facility
• Setting up a skills training for local people
• Setting up a childcare service
• Forming a Local Tidy Towns Association
• Establishing a Credit Union
• Restoring an old Historic Building
• Cleaning up a local river/restocking it with fish
• Starting a local festival or summer school
• Creating tourist hiking or walking trails
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43. Benefits of Business to local
Community
• Job Creation
• Emigration is reduced
• Improvement of commercial life of the area
• Improved standard of living/quality of life
• Greater demand for housing-construction and spin off
employment
• Encourages local entrepreneurs More on Page 363
• Creates wealth Signs of a strong and
• Helps communities plan vibrant local community.
• Sense of identity and pride Same as benefits
• Tax revenue
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46. OL Q
What factors can influence a business’s
decision to locate in a local community?
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47. County Enterprise Boards
• 35 CEBs in Ireland
• Introduced to provide support and advice to
small businesses throughout Ireland.
• Small Business with <10 employees
• Each CEB has an evaluation committee
responsible for making decisions on how much
Fin’ Aid to give a project.
• Provide a mentor for new Business
• Grants…Capital, Feasibility, Employment
• Training courses for business Owners/Mgrs
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48. Answering a Q on CEBs
The aim of CEBs is to help small and start up
enterprises locally. ie – to encourage local
iniative tin order to stimulate economic activity
at local level. Done by offering financial support.
• Advice
• Training See Handout
• Grants
• Mentoring
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51. Area Partnership Companies
Are organisations that help local communities set up
businesses in their area. Each APC develops an Action
plan to help its community address problems of
disadvantage that it faces:
Galway City Partnership
Tallaght Partnership Funded by EU
and Irish Gov
Ballymun Partnership
Waterford Area Partnership
Set up under the Governments “Partnership 2000”
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52. The APC provides funds for a range of services
including:
Training: Enterprise, Job and Mgmt skills
Personal Development training
Grants, Loans, Mentoring
Premises for new projects called “enterprise
incubation units”
Access to further Education
Access to affordable community childcare
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53. Leader Plus
Liasons Entre Actions de Development de l’Economie Rurale
(Links between activities for the development of the rural economy)
An EU Funded scheme designed to help rural communities to implement
business plans for development of their areas according to their own priorities
• Rural Tourism
35 Leader + schemes in Ireland • Training + Recruitment
• Provides technical support to rural
Dev projects and promotes
innovation
Funding is from EU and Irish Gov 70:30
• Small Firms/Crafts/Local Services
• Agri/Forestry/Fishery Products
• Green Initiatives
Grants of up to 50% of the cost of the project is available
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56. FAS
• Foras Aiseanna Saothair(Training & Development Authority)
• Services cover Small, Medium, Large, Indigenous,
Foreign, and those in the sector of industry and
services
• Enterprise Scheme
– Encourage unemployed to set up own business
• Training Programme
– Equip unemployed with new skills, help find job
• Community Enterprise Scheme
– Help community based groups with plan to provide
employment…Advise, Training and Financial aid
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57. Functions of FAS
– Training & Retraining
– Employment Schemes
– Placement and guidance services
– Assistance to community groups + worker co-ops
towards the creation of jobs
– Assistance to people seeking employment in other
EU countries
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58. Agencies that assist Community Development
• Enterprise Ireland • Bord Bia
• Bord Failte • CERT
• Bord Iascaigh Mhara • Crafts Council of Ireland
• Bord Glas • Teagasc
• Business Innovation
Centres
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Editor's Notes
What kind of economy do you think we are… Mixed economy
Handout Page 413 from it’s the business on CEBs
Handout on Leader + from page 414 example of Cavan Monaghan leader