...Entrepreneurial Leadership Jessica M. Jones Dr. David Rall The Business Enterprise April 22, 2011 Abstract Leadership to any entrepreneur is vital to the success of business operations. In today’s economy individuals that possess the entrepreneurial characteristics should take advantage of this opportunity. Businesses are no longer worried about who will be their competitors. Organizations now are more in tuned with protecting and securing the businesses from deflating. Together, the suggested findings will illustrate what it takes for entrepreneurs to motivated, what attributes leaders need to influence, and the philosophy one should consider when starting an entrepreneurial business. Keywords: Entrepreneurial Leadership, philosophy, type of organizations, small business administration Entrepreneurial leadership is the key attribute to any successful organization. The competency to lead by example defines a great leader. With recent years, leadership has been described as the ability to empathize with others, communicate effectively, and perform consistently. These are not the only characteristics that illustrate leadership. According to James Kouzes (2008), there are five (5) basic principles to rise to leadership that any leader could implement in order to motivate: “(1) Model the ways, (2) Inspired shared vision, (3) Challenge the process, (4) Practice/enable others to act, and (5) Encourage the heart.” AOL chairman and CEO, Steve Case, also has a set of entrepreneurial...
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...“Financial Management.” Please respond to the following: * Imagine yourself as the financial planner for a small company with 100 employees. Briefly describe your (imaginary) business and describe your strategy for financial planning and managing assets. * Using the same scenario, determine how you would finance a five-fold expansion of your company. Explain your rationale. My small company is Terry’s Graphics. We do all different kinds of graphic design work from designing people symbols to put onto cars, to putting graphic signs onto cars, to Christmas letters, to newsletters, etc. Our financial plan will be a document which will specify the funds, which will be needed by Terry’s Graphics for a period of time. I am going to plan by determining what funds will be required during the planning period, when will it need additional funds, and where will we obtain the additional funds from. We will have short-term assets, long-term assets, and capital investment analysis. These assets will be overseen by Terry, the CEO of Terry’s Graphics, but one of our dedicated employees will actually put together the financial plan. I would finance a five-fold expansion of Terry’s Graphics by using short-term funding options. This would include using trade credit, short-term loans, and commercial paper. If necessary, we would also use long-term financing. This would include public sale of stocks and bonds, private placements, venture capitalists, private equity funds, and hedge...
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...Assignment #2 Mergers and Acquisitions Bus 508: Contemporary Business ABSTRACT Berkshire Hathaway is “a holding company that specializes in insurance-related companies, but has a wide array of interests, making it a conglomerate (investorwords.com)”. The company is well known due to its owner, investment icon, Warren Buffet. “The second-richest American’s net worth continues to surge, despite his giving away billions, thanks to the juggernaut performance of Berkshire Hathaway (Forbes.com)” His current net-worth is $71.2 billion Jorge Paulo Lemann, Marcel Telles, and Carlos Alberto Sicupira established 3G Capital in 2004. The firm has offices in New York City and Rio de Janeiro. 3G Capital is a global investment firm focused on long-term value, with a particular emphasis on maximizing the potential of brands and businesses (3GCapital.com). The company is known for large acquisitions such as Anheuser Busch & Burger King. H.J. Heinz is a 144 year-old Pittsburgh based company. H.J. Heinz Company, offering “Good Food Every Day”™ is one of the world’s leading marketers and producers of healthy, convenient and affordable foods specializing in ketchup, sauces, meals, soups, snacks and infant nutrition. Heinz provides superior quality, taste and nutrition for all eating occasions whether in the home, restaurants, the office or “on-the-go.”(Heinz.com) Heinz is a global family of leading branded products, including Heinz® Ketchup, sauces, soups, beans,...
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...Acquisition of Motorola Eric Brown Dr. Ross Contemporary Business February 13, 2014 Acquisition of Motorola Google’s acquisition of Motorola Google announced on August 15, 2011 that it will acquire Motorola Mobility Inc. (MMI), for a sum of $12.5 billion. This was a vertical form of merger as the supplier (software provider) acquired its hardware client (Motorola). Reasons for acquiring MMI * Google’s android operating system has been sued by companies like Microsoft and Apple for patent infringement. The company sought access to just MMI’s patents and hence ensured the independence of MMI as a separate company. * MMI is a big market player for mobile phones hardware. Its phones with Android platform proved to be huge success. Joining hands with Google will increase its ranking in the market. * MMI’s smartphone sales increased over the past year. Here, Google had a big opportunity to improve its share in the smartphone market. * MMI had developed and launched many breakthrough products over the years. MMI was the first company to introduce portable cellphones. Google hoped to benefit from technological innovations of MMI. * The two companies will be integrated to provide complete mobile phones and thus they will be better able to compete in the market with other top players. Impact of the deal The two companies together were expected to accelerate innovation and choice in mobile computing. Since Motorola is good at devices and Google is good...
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...How News Lifts- or Sinks- Worlds Stock This paper will speak about the changes in consumer demand trends after the crash for two different stock companies as well as the attempt the companies made to make profits from rising consumer demands after the crash. The local news that some of us can do without, while others must have it like a morning cup of coffee can get the world wrapped up in 30 minutes to an hour. We get the good, the bad, the ugly, and let us not forget our local weather. News has a very profound effect on us whether we realize it or not. How many times has the weather man been wrong, but regardless, we prepare for the weather they predict? After all, they do have the latest Doppler forecasts. We feed into the frenzy fed to us by our local newscasters. We rely on them to keep us up to date concerning the world around us. It is because of this insatiable need for the news is precisely why it has such an impact on our lives. So it goes without saying, that when the local news reports on how bad our economy is doing, it strikes fear into all viewers. Fear unchecked will inevitably lead to panic. A few short years ago, our country faced the worst recession since The Great Depression. One company after another failed. Companies that had been around for generations fell victim and had to close their doors. And how did we stay abreast, by watching the news daily. Not only did we hear of the many companies that were failing daily, we were also privileged...
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...Glamorz Bed and Breakfast Daris Davis Dr. Mensah-Dartey Business Enterprise June 6, 2010 Business Description Bed and Breakfast is an exciting new down home kind of business springing up all across the country. In 1975, there were only 400 bed and breakfast inns in the United States. That number is over 15,000 today. The professional association of Innkeepers International foresees a doubling of bed and breakfast inns in the next century (Stankus, 1997). To ensure many return customers, we are looking to create a home away from home which may be more beautiful than where they are coming from. The blissfulness of down town Albany has always drawn a significant number of tourists to the area. Tourists will want to explore the riches of Albany like; the Albany Symphony Orchestra, Chehaw Wild Animal Park, Putt-Putt Golf & Games, Albany Museum of Art, and Ambiance Day Spa and Salon to name a few. In addition to providing information about such locations, we plan to collaborate with tour agencies and businesses throughout the area by offering packages and special rates with in-kind incentives for the cooperating merchants, including tours originating from Glamorz. Guest will be welcomed at the front door by the Innkeepers, pampered with comfortable accommodations, enjoy luxurious amenities and local attractions during their vacation. Each suite will be equipped with a gas fireplace, private bathroom, European towel warmer, hair dryer, magnifying mirror, a Jacuzzi whirlpool...
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...focusing on residential contracting. With the business boom that is occurring in our local area and the desire to improve overall profit margins, the company is planning to shift its target market from residential clients to the larger commercial customers. This business plan will lay out our goals and tasks to make this transition successful and create enough market shares to succeed in this highly competitive market. The Company Houston based Fosse Commercial Contractors; LLC began in 1985 when Mr. Robert Fosse began his own company, Fosse Painting and General Construction. In 1993 the original company was merged with another small scale local company, West General Contractors and the company began to bid successfully for larger scale projects. As part of its growth and altered focus, FCC is planning on changing its charter from a limited liability company to a class C corporation registered in Texas. This will allow FCC greater access to investment funds to fuel its growth. Services Fosse offers comprehensive services designed allow the company to do whatever it takes to finish a project. Some of these services include; design work, remodeling and alterations, permitting, site preparation, carpentry, cement foundations, painting, and plumbing and utilities installation. In addition, skills Fosse lacks can be subcontracted. The Market The Houston area is booming at this moment, overall business growth during the past seven years has...
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...Competitive Strategies Pg 1 A Battle in Technology Bus 508-Contemporary Business November 2, 2013 Dr. Jean Fonkoua Competitive Strategies pg 2 The U.S offers a free market where businesses are able to have free enterprise to open and operate an ideal to provide a product or service to the public. There are many businesses that offer similar products and create competition (2013, 02). Consumers are able to have options in the marketplace. Apple Inc. and Microsoft are two companies that offer similar products to consumers. Apple, created by Steve Jobs, is an American multinational cooperation headquartered in Cupertino, California that designs, develops, and sells consumer electronics, computer software and personal computers. Microsoft, created by Bill Gates, is an American multinational software cooperation headquartered in Redmond, Washington that develops, manufactures, licenses, and supports a wide range of products and services related to computing. This paper will discuss how the cooperate culture of these two companies differ, three ways that each unique culture has benefited by the other’s competition, and how these companies will potentially thrive in the future. The cooperate culture of these two technology giants are very different in that Apple is more conservative, distinct, and expensive, whereas in Microsoft is more personalized, flexible, and affordable. Apple has masterfully executed a plan to sell high-priced...
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...Week 3: Assignment 1 BUS 508: The Business Enterprise Professor N. Nayak Discuss what you think will happen to the supply, demand, and price of the product in the short-term. The supply of the pies is based on the demand—the idea that if the price of doing something goes up, then people will want to consume less of it, and vice versa. The ‘something’ has to be good and not bad. Weeds will constantly go up in supply and continue to grow, but nobody wants them, and therefore the supply means nothing. The quantity demanded equals the quantity supplied. In the case of Mrs. Acres Homemade Pies, the supply of pies will increase because the number of consumers has increased, therefore increasing demand. The price of the product will stay the same, because the expansion to provide more staff and use of the facility will bring in more revenue. Discuss what you think will happen to the supply, demand, and price of the product in the long-term. In the long-term, based on the success rate of Mrs. Acres Homemade Pies, I think the supply will continue to rise if the demand continues to rise as well. Given the information, the pies continued to sell and the profit went up for Mrs. Acres—even though the cost of expansion to produce more pies increased. Should the number of consumers continue to increase, the demand for the pies will go up. The makers of the pies will need...
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...1. Compare and contrast the two businesses – core business, their size, financials, global presence, use of e- business (marketing, sales etc.). Amazon.com Amazon.com Inc. was founded in 1994 by Jeff Bezos and is headquartered in Seattle, Washington. “Amazon directly sells, or acts as a platform for the sale of a broad range of products” (CrunchBase,2011). It started as an on-line bookstore but soon diversified to product lines of VHS, DVD, music CDs and MP3s, computer software, video games, electronics, apparel, furniture, toys and lots of other things. According to CrunchBase (2011): Amazon.com Inc. is a leading global Internet company and one of the most trafficked Internet retail destinations worldwide. Amazon is one of the first companies to sell products deep into the long tail by housing them all in numerous warehouses and distributing products from many partner companies. . Amazon has direct operations in the United States, Canada, France, Germany, Japan, and the United Kingdom. (CrunchBase, 2011). Amazon.com is a marketing web site which includes information about products, employment opportunities, financial information, and online selling. Amazon.com saves time. It is possible to give an order at any hour of the day or night. Also it allows to customers to register their credit card and shipping information to make future purchases easy. So when they place another order some other time, they need to use their username and password instead of typing...
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...Assignment 2: Competitive Strategies Dr. Kathleen Irwing BUS: 508 Contemporary Business Strayer University Nov. 5, 2013 Competitive Strategies: Apple vs. Google Competitive strategies between businesses have changed the world. And sometimes business strategies can get quite intense. Thomas Edison once electrocuted an elephant to demonstrate the danger of a competitor's technology. (Colvin, 2013) An example of a competitive market in which there are ever increase consumers and sellers is the smartphone industry. There are so many competitors bringing smartphones to the market, but the two at the top are Apple and Google. Apple and Google’s corporate cultures have distinct differences that set them apart from each other. Their competiveness and driven innovation and stifled collaboration. Apple’s corporate culture is one of extreme secrecy. In a field where new technologies are being developed and released often, keeping information under lock and key is important. Employees wouldn’t even discuss projects with close friends and family. This keeps Apple in complete control of the message. Culture at Apple is strictly top down: any attempt to streamline, impact change, or even discuss a better way to do anything is strictly frowned upon when it comes from the bottom. The brand is guarded with an eagerness that borders on obsession. All the maple surfaces in all the retail stores are harvested at one particular time of the year in Canada so they all look the...
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...Previous activity กระดานข่าว Lesson Plan Introduction to MIS L1 H1: Handwritten A4 Papers L2 Jump to... . You are here Home / ► 140-151_IT1-MIS / ► Assignments / ► H2: Handwritten A4 Papers . Separate groups: Section 1 Q: What are the major features of a business that are important for understanding the role of information systems? • Define a business and describe the major business functions. • Define business processes and describe the role they play in organizations. • Identify and describe the different levels in a business firm and their information needs. • Explain why environments are important for understanding a business. Q: How do information systems support the major business functions: sales and marketing, manufacturing and production, finance and accounting, and human resources? • List and describe the information systems serving each of the major functional areas of a business. Q: How do systems serve the various levels of management in a business and how are these systems related? • Describe the characteristics of transaction processing systems (TPS) and role they play in a business. • Describe the characteristics of MIS and explain how MIS differ from TPS and from DSS. • Describe the characteristics of DSS and explain how DSS differ from ESS. • Describe the relationship between TPS, MIS, DSS, and ESS. Q: How do enterprise applications, collaboration and communication...
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...Daffodil International University Courses to be offered in Fall- 2015 For MBA (Regular & Executive) Programs Sl. No. | Course Code | Core Courses | Teachers | 1 | BUS-402 | Business Communications (Section-A) | | 2 | BUS-402 | Business Communications (Section-B) | | 3 | MAT-401 | Mathematics for BusinessDecision Making | | 4 | ACT-401 | Basic Accounting/Financial Accounting | | 5 | MGT-401 | Fundamentals of Management | | 6 | ECO-401 | Economics for Managers | | 7 | FIN-401 | Fundamentals of Finance/Introduction to Finance | | 8 | MKT-401 | Principles of Marketing | | 9 | HRM -501 | Human Resource Management | | 10 | BUS-403 | Legal Environment in Business | | 11 | MGT-402 | Organizational Behavior and Leadership Development | | 12 | MAT-402 | Quantitative Methods and Techniques in Business(A) | | 13 | MAT-402 | Quantitative Methods and Techniques in Business(B) | | 14 | BUS-404 | Research Methods in Business (Section-A) | | 15 | BUS-404 | Research Methods in Business (Section-B) | | | | Functional Courses | | | | Major in Finance | | 16 | FIN-501 | Financial Management | | | | | | 17 | FIN-502 | Financial Institutions and Market | | | | | | | | Major in Marketing | | 18 | MKT-501 | Marketing Management | | 19 | MKT-502 | Consumer Behavior | | | | Major in Human Resource Management | | 20 | HRM-502 | Comparative Human Resource Management | ...
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...Gary Shelton BUS 508 July 15, 2011 Entrepreneurial Leadership Question One Entrepreneurship is the leadership style needed for a dynamic market. The market today describes a dynamic market because of its nature to change consistently. The term dynamic means motion, energy, fluidity, and constancy of change in the market. These changes occur in various aspects including technologies, market, global situations, complementary goods and services, networks and alliances, customer groupings, demographic patterns, and financial systems. With all these changes witnessed, it only takes leadership combined with entrepreneurial spirit for there to be success in business. The big role for entrepreneurial leaders is to develop strategies that manage these changes and at the same time exploits the available opportunities. There are several common elements shared among the theories of Case, Kouzes, and Drucker. Steve Case’s philosophy identifies three Ps that would make any entrepreneur successful. These Ps include: people, passion, and perseverance. Kouzes talks of five exemplary practices of leadership. In all these theories, the idea of enabling others to act comes out clearly. A leader is not a leader until everyone under that leadership is inspired to act toward the common goal and vision of that particular organization or business. Entrepreneurial leaders have to...
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...ASSIGNMENT # 1 FOR BUSINESS 508 PRESENTED BY ALTHEA LAYNE April 22, 2012 INSTRUCTOR: GEORGE REELEY “ENTREPRENEURIAL LEADERSHIP “ Research 2 leadership entrepreneurs to determine their entrepreneur approaches one in each of the following categories: 1. Profit oriented. 2. Social responsibility oriented Anita Roddick founder of “ The Body Shop “ developed and markets natural cosmetic products in addition to developing and selling natural cosmetics, she advocates community trade, human rights and animal protection ( 1943 – 2007 ). She used phrases such as (Be daring, be first, be different and be good because you can or no one will notice. Ms. Roddick built a billion dollar empire and she stated that “One more business has the ability to do well “and anyone that would hear her out she proved her point. In 1976 she founded her novel company “The Body Shop “. Another quote that she used was to “Take your business personally “. As a leader she mentioned that business has a traditionally addressed the profits and kept in mind that which is to say impersonally we can no longer afford this. The business entrepreneur in Anita Roddick, thought more than anything that today’s generation, business people are in a position to lead in making the world a better place. She further mentioned that we must take more responsibility which is to say take it personally. Another quote of hers is “Business is not beyond morality “. Business is no longer...
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