...SWOT Analysis BUS/210 The business plan I chose to do a SWOT analysis on, is a desert bakery business plan called Rutabaga Sweets. This is a very well written business plan that was obviously thoroughly thought out. Rutabaga Sweets is a desert bar and bakery located in Washington DC. This bakery has an interesting twist on what people may think of a normal bakery. I will be conducting a SWOT analysis by providing information about the business’s strengths, weaknesses, opportunities, and threats. It will explain the health of the business, problems the business venture may face, as well as, ideas that might improve this business venture. Some strengths in this business venture are, it is a sole proprietorship. Which means there is only one owner, and they are responsible for any liabilities, or cash made by this business. Another strength to this business, is that it is not just a regular bakery. Customers can go in and eat there, and watch their food be prepared, or customers can call in and pre-order deserts for parties and things. This bakery also, offers cooking classes and clubs. These strengths will attract customers, and create many sales. Opportunities in this business are, Washington DC has the perfect climate for a business like this, and Washington DC residents spend more money dining out than anywhere else in the country. Therefore, Rutabaga Sweets should have plenty of opportunity. Washington DC may have a lot of bakeries, ice cream shops, and coffee places...
Words: 555 - Pages: 3
...Business 210 SWOT Analysis Danielle Jones October 10,2010 JavaNet Internet Café is the first of its kind located in Eugene, Oregon. The goal of the company is to broaden the community’s accessibility to affordable Internet through social interaction and entertainment. JavaNet is the creation of University of Oregon graduate Cale Bruckner. Cale has business degrees in both Marketing and Management. His level of expertise also includes product development, product marketing, team management, resource allocation, human resources management, and business content development. Cale wrote the business plan for JavaNet Internet Café in 1995 and is currently the vice president of Product Development for Palo Alto Software Incorporated. Cale incorporated JavaNet as an LLC and has three outside investors Luke Walsh, Doug Wilson, and John Underwood. The goal of business plan for the company is to sustain the company through the first three years of operation. Financing and personal investment will allow the company to open and fully operate the first year in business. Profits from acquiring a high scale Internet café will allow JavaNet to be self-supported in year two. In year three, the customer base for the company should be strong enough to distinguish from ordinary coffee houses increasing its popularity while making this a thriving profitable business. The business plan provides full detail of inception to execution of the business and the strategies for executing the business...
Words: 972 - Pages: 4
...------------------------------------------------- Associate Level Material Appendix D Contingency Theory of Leadership Description of work environment | The work environment that I wish to discuss is retail sales, specifically that of Blockbuster Video stores. These stores thrive on repetitive customer sales, and operate on a theory that a happy customer is one who will always return. Their major rivals in the movie rental industry are Red Box and online streaming sites such as Netflix and Hulu. | In the table below, categorize different leadership approaches that could be used in the work environment you have described. Provide different suggestions for each of the four approaches to leadership. Directive approach | Supportive approach | The directive approach is one of decisiveness and keeping to the rules laid out by the company. It tells the employees exactly what is expected of them, and allows them time to familiarize themselves with procedures and processes via training materials prior to actually having to do them.A good handbook of procedures is a wonderful start to any job, but particularly a job with repetitive tasks, such as this one. A handbook also allows the employee to have something to look back on if they are unclear on a procedure. | The supportive approach allows for getting to know the employees on a personal basis while giving them the materials to understand the company’s rules and procedures and letting them explore these materials...
Words: 549 - Pages: 3
...Associate Level Material Appendix E Hardware/Software Components In your own words, describe the following hardware/software components |Legacy systems |Legacy systems are the existing information technology systems which include all | | |hardware and software that a company uses. These systems are kept up and upgraded by a| | |company’s CIO. The bigger IT companies that make these systems usually offer systems | | |as well as training how to use those systems. | |Mainframe computers |Mainframe computers are the oldest of our computer systems today. They generally serve| | |as the center of a company’s information processing and storage. | |Microprocessors |Microprocessors are chips that are the engines of computers that hold the central | | |processor units. | |PCs |PCs are a smaller type of a mainframe that was designed for personal and individual | | |usage. | |Network...
Words: 338 - Pages: 2
...Roles and Behaviors Business Description My business of the future is a high-end baby and children consignment shop, called Wee-peats. This is a business that will be in demand as long as there are babies being born! Wee-peats will accept gently used clothes for babies, toddlers and children along with maternity clothes and assorted maternity accessories and baby accessories. The main role of the entrepreneur is to be the backbone of the company. Willing and able to do what is necessary to make this store a viable and profitable business. As entrepreneur I will do the hiring of the managers. I will also oversee the daily schedule. I will also be responsible for the banking portion of the business. I will make sure to meet with the managers on a weekly basis and address any concerns or issues. I will also oversee the buying of the merchandise along with the managers. The type of managers I will be looking for is someone who has a background in customer service as well as retail. I will be looking to hire two managers one for day and one for evening. I will be looking for a manager with lots of energy and can see the vision I have of making the business grow and will share in that vision. The manager would also be responsible to assist me in the buying of the merchandise as well as the hiring and firing of employees, as well as creating the schedule for the week. The managers will be responsible for counting the draws at the end of a shift and verifying that the money...
Words: 373 - Pages: 2
...Choose three companies and observe how employees do their tasks. These can be three different fast-food restaurants or three entirely different types of companies, such as a fast-food restaurant, a department store, or the emergency room of a hospital. a. Most the time consumers don’t know the steps taken for each product before being able to be sold on the shelf. Companies follow a well-planned and cost-effective process to bring the products to the customers. Every company has in place a different operating systems, although some companies will follow other successful business operating system. I picked to observe and analyze Panda Express (Asian cuisine fast food), Wal-Mart (large discounted retailer) and a local gas station. Each company aims to have their customers happy with different service and products, but have in place similar operating systems and OMM cost (Operations and Materials Management). Regardless of how each company is ran all three have the same goal, customer satisfaction, more profitable and make a profit. Think about the differences in the operations involved in the input, operations, and output stages of these companies. Try to identify the nature of their operating systems. Are employees organized in different ways? If so, why? If possible, talk to the man- agers and employees in these operations to further your analysis. b. The three company I chose to analyze have similarities and differences in the way they are ran and operated of...
Words: 790 - Pages: 4
...Axia College Material Appendix D Contingency Theory of Leadership |Description of work environment | | | | | | |A clothing store that sells new and gently used brand name clothes at a cost most | | |consumers can afford. | | | | In the table below, categorize different leadership approaches that could be used in the work environment you have described. Provide different suggestions for each of the four approaches to leadership. |Directive approach |Supportive approach | |Have a meeting with each employee on his or her first day of work|Being supportive in this clothing business will allow for better | |and go over the company procedures and handbook. I will be sure |working conditions which in return will allow for better sales of| |to explain the company’s schedule and when employees should |the clothes. Employees will be treated with respect and | |expect...
Words: 535 - Pages: 3
...Week 1 Knowledge Check Concepts Business Systems Productive Resources Law of Supply Law of Demand Calculating Profit Calculating Profitability Effect of the Business Model Mastery 67% 100% 100% 67% 100% 67% 67% Questions 1 2 3 Score: 17/21 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Concept: Business Systems Concepts Business Systems Mastery 67% Questions 1 2 3 1.What are the three components that make up a business system? A. Business commerce, business organization, business occupation B. Business organization, business management, business exchange C. Business commerce, business organization, business market D. Business market, business management, business organization Correct! The correct answer is: A. The three components that make up a business system are as follows: business commerce, business occupation, and business organization. 2.Which term refers to the total money or assets of a business? A. Competitive advantage B. Sales revenue C. Capital D. Wealth Correct! The correct answer is: C. “Profit that is kept in a company and invested in its business increases its capital, the total monetary value of its financial assets such as cash, property, land, stock, patents, and brand name” (Jones, 2007, p. 8). . 3.Information technology, e-commerce, human resource management, and procurement are included in what type of value chain function in a business? A. Tertiary function B. Complimentary function...
Words: 1778 - Pages: 8
...Business Organization Joint – Stock Company An Entrepreneur or business owner will sell stock to investors, and in return, promise the investors a percentage of the company’s profits, based on how much stock they buy. We see this in larger businesses in the US, most notably during the market crash we experienced a couple years ago. Independent investors as well as other companies bought and shared stock with many of the big banking corporations, since the bands values began to drop, shareholders were trying to get rid of their stock in the company, just to be able to get their money back. This caused frenzy in the stock market, and we saw banks crash overnight. Banks no longer had the money to manage their day to day operations, and they found themselves actually in debt to many of their customers. So many customers lost their 401k’s and other investments, because the funds were simply no longer there, thanks to the withdrawal of banking investors. Another example is the new TV show, ‘Shark Tank’, where wealthy investors will give small business owners a chance to pitch a deal to them. The owner will ask for a certain amount of investment in order to grow their company, in return a share of the profits with the investor from their business. This is an interesting show to watch, because it kind of gives a more personal feel to the stock market, and insight as to how investors think and view businesses to decide on whether or not they would be a profitable investment. Limited...
Words: 959 - Pages: 4
...Jen’s QuickiMart Jen’s QuickiMart Jen’s QuickiMart is an Equal Opportunity Employer. Jen’s QuickiMart is an Equal Opportunity Employer. Cultural Values of Employees: ------------------------------------------------- Motivated ------------------------------------------------- Energetic ------------------------------------------------- Creative ------------------------------------------------- Trustworthy ------------------------------------------------- Team Players ------------------------------------------------- Customer Oriented. ------------------------------------------------- Neat and Clean in appearance ------------------------------------------------- Dependable * ------------------------------------------------- Cultural Values of Employees: ------------------------------------------------- Motivated ------------------------------------------------- Energetic ------------------------------------------------- Creative ------------------------------------------------- Trustworthy ------------------------------------------------- Team Players ------------------------------------------------- Customer Oriented. ------------------------------------------------- Neat and Clean in appearance ------------------------------------------------- Dependable * ------------------------------------------------- Company Profile Jen’s QuickiMart is a family owned business, which is growing rapidly around the United States. Each store...
Words: 508 - Pages: 3
...CheckPoint: Motivation and Teams Case Study • Resource: Ch. 7 of Introduction to Business • Read the two case studies on pp. 233–236 of the text. • Answer the following in a 200- to 300-word response: • What motivation theories may be found in each case study? • Describe the theories found in each case study and cite specific examples. • What was each business owner’s approach to creating high-performing teams within their company? In the first case study, The Two Men and a Truck, the motivation theories used by Sheets were Maslow’s needs hierarchy theory, the expectancy theory, and the job enrichment theory. Originally, Sheet’s motivation was to assist her two sons part-time moving business attract more customers. By doing this, Sheets was using the Maslow’s needs hierarchy theory because she was focused on her sons’ physiological needs of earning income. Because she did not want to reject the business call, she decided to take advantage of the orders she was still receiving. Sheets saw a demand for a localized moving company. After her last child completed college, the expectancy theory applies because she believed that she had a service that would serve the needs of other individuals to begin their own business by creating a franchise opportunity. She believed that she possessed the ability, self-efficacy, to create the moving franchise opportunity. By creating this opportunity for others to reward for their work efforts and efficiencies, she empowers the job enrichment...
Words: 406 - Pages: 2
...The Impact of HRM Ruth Riddick BUS210 May 17, 2015 Hev Phoung The Impact of HRM Improving the human resource management includes appropriate and effective payment systems, hiring processes, employee valuation, and training. We need to develop compensation plans and incentive programs that will encourage good work performers to continue, and poor work performers to want to improve. When hiring new employees, it is important our recruiters keep in accordance with the company’s policies and job requirements. To ensure our workforce supply supports the company’s demand we need to implement a skills inventory of our current employees (McGraw Hill Irwin, 2015). The most important area the company can improve upon is in employee training. New employees should undergo training during orientation. Training should be a continuous process after hire. The company can offer training weekly, monthly, and annually according to the respective skills required for each position. Ensuring employees are well-trained leads to smoother company operations because they have more experience in the job expected of them. Continuous training programs will equal continuous improvement of skills of the employees also. Employees will reestablish the skills they already have and learn new, and better ways of doing their job. Reinstating and improving the skills of the company’s employees will safeguard company operations. Employees will continue to perform at the highest levels because they are...
Words: 338 - Pages: 2
...Job Fair Brochure Rhonda Holt Bus210 Axia College of University of Phoenix The structure of my company is a sole-proprietorship. I am the only owner of the business. One reason that I chose my business to be a sole-proprietorship is because it is the simplest form of business (Chapter 2, p.57, ¶4). Another reason is that I do not want to be liable for anyone else’s money that they have put into the company. By being the only owner, I take all financial risks. Because of this choice, one impact could be if someone sued me, the person would be suing me, not my business. By this, I mean that my “I will not have the benefit of having my personal assets protected separately from those of the business” (Edwards, 2005). Another impact would be that the money I earn would be mine; I will not have to share it with other owners. My business model of my small business is that I make gift baskets of all kind for others to enjoy; I make baskets for all occasions for customers of all ages. I am making a product for other people’s enjoyment in the hopes of making a profit. I will also be selling teddy bears, roses with gold tips and the actual basket for those who want to make their own baskets; also some jewelry for some custom made baskets. I selected this element because I am a for-profit organization, which means that I am in business to make a profit. The impact of this would be that if I run my business correctly, I would make a decent profit, and then be able to open...
Words: 549 - Pages: 3
...The Impact of HRM Valerie A. Mooney BUS210 10/28/2011 Karen Ray The Impact of HRM In researching the best way to improve our resources in Human Resources Management, there were two areas that stood out in which valuable ideas for improvement could be gleaned; Recruitment and Selection It is imperative to develop a neat laundry list of attributes most applicable to sales and marketing of our firm, therefore the way to implement these procedures would be necessary from the beginning of applicant screening and the initial interview. Sales managers when hiring new staff will need to hone their interviewing skills down to a fine science. It is imperative that our firm choose the best candidates that fit our sales style and goals for our firm to succeed with the very best of the crop on the front lines. Therefore each Sales Manager will be given the task of developing a style of efficient criteria for the interview and hiring process to be compared and evaluated and made consistent for hiring the very best sales people for the firm. This will insure the productivity and volume of sales to increase over shorter periods of time by having only the best and most skilled sales staff, competitive commissions and flexible working hours will insure the loyalty of the staff, lowering the turnover of staff. With all these components in place this will create a profitable and positive work environment for our company. Labor Relations This area of management will need to be revisited...
Words: 353 - Pages: 2
...BUS210 Midterm Section Last name First name Problems are indicated by question numbers. Answer choices are provided by problem groups A through F. Any answer in the multiple choices may be the correct answer to a particular question in the problem group. A Principal APR simple t1 t2 t (in yrs) $ 320,000.00 7.25% 1-May 320,000.00 7.25% 1-May Principal b. 6831.11 APR simple Q4 $ 76,000.00 $ t (in days) 4.50% d. 4429 t (ord yrs) (Exact yr) Q3 (Ordnr yr) P-paid FV $ Int $ 1,200.00 180 $ 1,580.00 $ 590.00 Q6 6.75% b. 1.48 Q1 e. 326737.53 90 Q5 5,900.00 a. 4.16 c. 326831.11 $ 6,737.53 PMT 15-Aug a. 6633.5 FV Q2 15-Aug $ $ Int c. 106,666.67 d. 67808.43 e. 4.96 B P-Bal $ APR simple 24,000.00 t (exact yrs) 4.75% 55 4.75% $ Int Q7 Q9 35 4.75% Q8 Q10 a. 23,409.32 t (in days) 30 b. 21,576.87 c. 109.32 $ 700.00 $ 590.68 $ 2,000.00 $ 1,832.45 Q11 d. 21,661.11 e. 167.55 C Principal t t (in ord yrs) APR simple $ 124,000.00 90 0.00% $ 80,000.00 16 6.25% d 7.50% (t in days) (t in weeks) 1 (b)$ Int or B-Discount $ 124,000.00 a. 7.64 (c)Proceeds (d)effective r* Q12 Q15 (a)MV Q13 Q16 Q14 b. 121,675 effective r* (full yr) 6.37% c. 2,325 d. 1...
Words: 669 - Pages: 3
