...Imagine you are considering starting your own business. 1. What kinds of products or services will you offer? One of my favorite things to watch is soccer, specifically the European leagues. When I travel I have found it difficult at times to watch the games I want and it could just be me but I haven’t found a website that covers all the leagues. Some sites cover certain leagues but not others. I would provide a website that covered all European leagues, Asian leagues, South American leagues and the US. 2. What talent or skills do you need to run the business? I would need the skill to run a streaming website and be able to manage and negotiate broadcast rights for the various leagues around the globe. With that in mind I would need an understanding of business practices in all the countries that have leagues. 3. Do you have all the skills and resources to start the business, or will you need to find one or more partners? If so, what skills would your partners need to have? I would have to find more than one partner. With the rapid communication of the internet I think it would be possible to run the operation from a single country but to help with the streaming we would have to have server sites around the globe to help with the data flow as well as have a human representative familiar with the countries business practices be able to answer and respond to questions or problems quickly. 4. What form of business ownership would you choose-sole proprietorship...
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...Career Plan Building Activity: Work Culture Preferences Veronica Murillo BCOM/275 Business Communication and Critical Thinking June 16, 2014, 2014 Michelle Maldonado Career Plan Activity: Work Culture Preferences According to my work culture preferences results it states that I am well resourced, high powered, and ethical. Being able to know my ideal work well help to determine the appropriate channels for communication by seeing and knowing my surroundings. If my surroundings help me feel safe and comfortable I will be able to perform my work duties without any hesitation. I would be able to get along well with others and be able to communicate with my co-workers in a positive manner. In my opinion if the work surroundings are positive a person can work positively with respect to others and themselves. My results like I have mentioned state that I am well resourced, high powered, and ethical. With well resourced, I need to feel safe and comfortable within my work surroundings in order to perform well within my work duties. High powered: this states that I like challenges within the work culture. This I do find to be true because I like to accomplish what I am asked to do, and if it comes easy to me I will probably ask for a different task which will help...
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...Critical Components of a Successful Business University Maryland University College Professor Jerry Griffin BMGT 110 What Are Some Key and Critical Components of Running a Successful Business? Learning how to run and operate a business can be a big and daunting task. Many small businesses don’t even turn a profit for months or even years, and even if they do there is no guarantee that they will be around in a few years. Most of these small businesses, about 70 percent survive the first two years but after that the numbers decrease to “50 percent by the fifth year mark, and by the tenth year 82 percent have closed” (Boone & Kurtz p.152). If you want your company or business to succeed and grow you need to know a few important factors that will help it and they are: dynamic business environments, critical business functions, integration of individuals and systems, and ethical and social responsibilities that confront a business. To start a company you need a plan, capital, and a location to start the company, but once you get those you need to be able to have a dynamic business environment. A dynamic business environment is characterized by the ability to respond to changing trends. One of these changes could be the aging of the population and its shrinking labor pool. As stated by Boone and Kurtz, “that by the year 2030, the number of U.S. workers 65 or older will reach 72 million, taking their experience and expertise with them” (pg. 20). Which means...
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...* * * * * * * * * BCOM/275 - BUSINESS COMMUNICATIONS AND CRITICAL THINKING * * EVELYN HOLLIS * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Discussion Questions * * What suggestions would you offer a new employee to help them effectively communicate in your workplace when meeting face-to-face, sending an e-mail, and during a meeting? * * The first suggestion that I would and I usually give to new employees is the basic tasks we do at work and most definition and most common questions or situations he or she will be caught on. * * What would be the most effective channel to communicate with your boss? Why is this? Why are other channels less effective? * * In my job the most effective channel to communicate is in person the reason is because it is quicker and sends the message faster and more effectively. * * What do you consider to be the most important features of an effective communication? Explain your choices. * * * The most important feature of communication at a work environment is having every employee well informed of any information updates and to have everyone working as one team and well communicated to work more effectively. * * You are...
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...A CRITICAL ANALYSIS OF THE ARTICLE “THE CRITICAL SUCCESS FACTORS OF BUSINESS PROCESS MANAGEMENT” WRITTEN BY TRKMAN (2010) COHORT 5 (BSS001-6) TABLE OF CONTENTS Pg 1. Executive summary……………………………………………………….......3 2. Introduction……………………………………………………………….…....4 3. Importance of the Study……………………………………………………....5 * BPMs relevance & Importance to Information Systems……………...5 4. Research problems and significance………………………………….........6 5. Contributions and originality……………………………………………...….7 6. Theoretical arguments………………………………………………………..8 *The Contingency Theory……………………………………………...….8 * Dynamic Capabilities Theory:……………………………………..…….9 *Task Technology Fit………………………………………………..….….9 7. Research methods ……………………………………………………..….....9 *An outline of the methods used for the research study……..…......…9 *Description of methods…………………………………………….......10 *Analysing the Methods suitability for the study………………………10 8. Key Findings of the study ………………………………………………..…12 9. Research Limitations ……………………………………………………….13 10. Suggestions for future research……………………………………….….14 11. Conclusion…………………………………………………………………...15 12. References…………………………………………………………………..16 13. Appendix* EXECUTIVE SUMMARY According to Zairi’s (1997) definition, BPM...
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...Business Communication and Critical Thinking XBCOM/275 In today’s competitive business world and difficult economy, effective communication is more essential than ever before. It is the foundation in which companies and careers are built and success in made. Communication between Managers and their subordinates is crucial and important that the proper message is received and interpreted correctly to avoid frustration and ensure organizational success. One form of communication is called Demonstrative communication; it includes nonverbal and unwritten communication and involves such things as facial expressions, body language, and tone of voice. The message we send through our body language conveys emotional information. A face can light up with enthusiasm and approval. It can express confusion and displeasure. Your eyes express joy, sadness, anger, or confusion. Your posture can create a feeling of a warm welcome or cold rejection. For example the crossing of arms portrays a feeling of rigidness while gathering up your belongings and reaching for your purse signals a desire to end the conversation. Finding the words to say when delivering a message is only part of the communication process. Your body language speaks more than you care to think to your intended target, and it captures the audience’s attention so that they can take in and analyze the point you are trying to get across to them. As mentioned before your facial and body expressions and...
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...Toshiba White August 30, 2013 Demonstrative Communication Paper Business of Communication and Critical Thinking Prof. Joel Maier Communicating is something we do every day, it is a big part of our personal and professional lives. Being able to communicate effectively is a form of growth. Communication is something we do to pass on information from one person to another person. This information can be passed on via verbal, written as well as body language. Communication is a very important thing, without communication you cant have any type of relationship whether personal or professional. When communicating, there is a sender and a receiver. The sender needs to make sure the information is being delivered in a way that the sender understands everything. If the sender isn’t clear with the information they send then the receiver can do the wrong thing, gather the wrong information or pass on the wrong information. There are four types of communication verbal (spoken), non verbal, written and visual communication. Verbal communication is using words face to face, or over the phone, or hearing it over the radio or television. Non verbal communication involves body language, facial expressions, or sign language. Written communication is passing on messages via email, an old fashioned letter in the mail, a chat on facebook or email and text messages. Visual communication is seeing things on the television, or even using the computer camera to skype which would also consist...
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...University website at www.students.utas.edu.au/plagiarism. Critical reflection on my coaching experience: An ongoing journey Coaching is a relatively new professional field that has increased in popularity during the past decade (Tompson et al, 2008). Despite several different definitions of coaching and ways to understand or categorize coaching practice, all coaching’s approaches have a common denominator: the goal of achieving changes in the client. Depending on the coach’s beliefs and methods and also on the client’s objections, the nature and expression of the changes will be varied and may be defined in two ways: perceptual or cognitive; (Meyer 2010) and concrete behavioural changes (Kress, 2008). In March 2012 I commenced a course that involved participating in coaching relationship external to my current organisation. Prior to the commencement of this relationship I completed a 360° feedback survey on core leadership and management competencies. Findings from the survey facilitated the development of an individual action plan that assists me to extract optimal value from the program. This exercise also informs and guides the coaching process. The stated aim of this coaching relationship is to promote and accelerate my personal and career development. This is achieved through regular face to face meetings and telephone conversations. These occasions promote open communication between my coach and I and critical reflection. Theorists suggest states that to be effective in...
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...Claudia Perez Chapter 9 (Critical Discussion Questions) 1. NAFTA has produced significant net benefits for the Canadian, Mexican, and U.S economies. Discuss. The North America Free Trade Agreement (NAFTA) was passed in 1994. Starting with eliminating the majority of taxes on products traded between the three countries fallowed with a gradual phase-out of other tariffs. The Agreement contributed to more exports. The two way trade between Mexico and the U.S has more than quadruple since the agreement was implemented. Another direct effect is more investments. The U.S is the largest foreign direct investment in Mexico. Investments in Mexico have helped increase the efficiency of U.S domestic production. Also more jobs were created. Even thou some jobs were lost, more and better jobs were created. In conclusion this agreement has benefited all three countries from more free trade. 2. What are the economic and political arguments for regional economic integration? Given these arguments, why don’t we see more substantial examples of integration in the world economy? The economic argument for regional integration is mostly positive. It’s based on the presence of extra gains from the free flow of trade and investment between the countries involved in the agreement. The political argument is that it is mainly based on geography. The participating countries have to be neighboring countries, and many neighboring countries have border disputes lessing the possibilities for regional...
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...Introduction 2 2.0 E-Commerce 3 3.1 Benefits of E-Commerce 3 3.2 Limitations of E-Commerce 4 4.0 Features of E-Commerce 4 4.1 Ubiquity 5 4.2 Global Reach 5 4.3 Universal Standards 6 4.4 Richness 6 4.5 Interactivity 7 4.6 Information Density 7 4.7 Personalisation/Customisation 7 4.8 Social Technology 8 5.0 Privacy and Security Issues 9 5.2 Security 9 6.0 Ethical Factors 10 6.1 Privacy 10 7.0 Recommendations 11 8.0 Conclusion 11 9.0 Bibliography 11 Appendix 13 1.0 13 2.0 14 3.0 15 4.0 16 5.0 17 1.0 Executive Summary This is a report of a critical review of the E-Commerce website of “Alfasud Parts Online”. The report will look at the general role of e-commerce in contemporary business and the advantages or otherwise for Alfasud. A critical analysis of the implementation of the unique features of E-Commerce shall be undertaken and their business significance for the company will be evaluated. This report will evaluate the security provisions on the e-commerce website and the employed technologies and methods for ensuring security and privacy. An evaluation of necessary ethical considerations and others issues arising on the website will also be conducted. The report will draw conclusions and make recommendations to the board of directors of Alfasud on how to improve their website to fully reap the benefits of e-commerce for full competitive advantage. 2.0 Introduction According to (Burke & Sewake, 2008), the growing need...
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...E-Commerce and E-Business E-Commerce (EC): Electronic commerce encompasses the entire online process of developing, marketing, selling, delivering, servicing, and paying for products and services transacted on internetworked, global marketplaces of customers, with the support of a worldwide network of business partners. Electronic Commerce can be defined in several ways: 1. From a communication perspective, e-commerce is the ability to deliver products, services, information, or payments via networks such as the Internet and the World Wide Web. 2. From an interface perspective, e-commerce involves various information and transaction exchanges: business-to-business, business-to-consumer, consumer-to-consumer. 3. From a business perspective, e-commerce includes activities that directly support commerce electronically by means of networked connections. 4. From an online perspective, e-commerce is an electronic environment that makes it possible to buy and sell products, services, and information on the Internet. 5. From a structural perspective, e-commerce involves various media: data, text, web pages, Internet telephony, and internet desktop video. 6. As a market, e-commerce is a worldwide network. A local store can open a Web storefront and find the world at its doorstep-customers, suppliers, competitors, and payment services. E-business: Connecting critical business systems and constituencies directly via the Internet, Extranets, and Intranets. It goes...
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...market based off Porters Five Forces. The five forces are buyer power, supplier power, threat of substitute products or services, threat of new entrants, and rivalry among existing competitors. These forces will allow us to approach each situation with a proven business model. Buyer power in our current community is high. The ability to substitute the products we offer is significant. Grocery stores, major franchises, and other markets are able to sell salads, coffee beans, pastry and more. The ability to switch between venues is effortless and with the addition of Dunkin Donuts as a competitor, the buyer power will be even stronger. To compete against the buyer power we will need to create a rewards program. The rewards program also known as a loyalty program will be offered to all customers. The company’s offerings will be discounts on purchases, reward points for future purchases, special coupons, and more. The objective of this program is to give my Café the advantage for purchases and to bring the customer in along with new friends to my store. Supplier power is how many choices a buyer has to obtain the product of choice. In the current market, the supplier power is very low due to the business-to-business (B2B) through the Internet. B2B is essential for keeping cost down and to guarantee our coffee bean distributor stays in line with competitors with costs. In addition to keeping cost down with our regular orders, we will be using Gold Ground, French Vanilla...
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...Li & Fung : Strategic Role of E-Commerce 2006/9/13 ECT 7010 Fundamental of ECommerce Technologies 1 Defensive posture of Li & Fung to the Internet at the beginning “Would the Internet disintermediate us? Would we get Amazoned by someone who will put together all of the information about buyers and factories online?” Answer: The Internet facilitates supply chain management and Li & Fung were not going to be disintermediated Key: have the old economy know-how and yet be open to new economy ideas 2 2006/9/13 ECT 7010 Fundamental of E-Commerce Technologies Internet Issues August 2000, beta launch of the new Businessto-business(B2B) e-commerce portal Important issues: Was there any chance of channel conflict or cannibalization between the offline business and the start-up? How would the market reach to the start-up once it was launched the following year? How specifically would e-commerce ultimately transform his family’s century-old company? 2006/9/13 ECT 7010 Fundamental of E-Commerce Technologies 3 Company Background 2000 – Li & Fung a $2 billion global export trading company 3,600 staff worldwide Sourcing and managing the global supply chain for high-volume, time-sensitive consumer goods Product mix – hard and soft goods Soft goods – apparel, including woven and knit garments Hard goods – fashion accessories, festive or holiday products, furnishings, giftware, handicrafts, home products, furnishing, home products, fireworks, sporting goods, toys...
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...categorizing is done. The types that are talked include: B2B, B2C, B2E, B2G, B2M, C2B, C2C, G2B, G2C, G2E, G2G, and P2P. Key word: e-commerce • e-commerce types • business I. INTRODUCTION E-commerce is the use of Internet and the web to transact business but when we focus on digitally enabled commercial transactions between and among organizations and individuals involving information systems under the control of the firm it takes the form of e-business. Nowadays, 'e' is gaining momentum and most of the things if not everything is getting digitally enabled. Thus, it becomes very important to clearly draw the line between different types of commerce or business integrated with the 'e' factor. Based on the type of relationship between different sides of commerce, it can be categorized in different types. In this paper, we will get into them in details. II. E-COMMERCE TYPES There exist different transaction schemas that are forked from different types of e-commerce. Here, we are going to talk about them in details. Business-to-business Business-to-business (B2B) describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer. Contrasting terms are business-toconsumer (B2C) and business-to-government (B2G). The volume of B2B (Business-to-Business) transactions...
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...E-commerce entails the use of the Internet in the marketing, identification, payment and delivery of goods and services. This paper highlights the status, statutes, potential and constraints to e-commerce development in Bangladesh. Both the statutory laws as well as the challenges in implementing them are discussed. Major legal, regulatory and institutional constraints to e-commerce are identified. The paper also lists specific policy changes aimed at bringing improvements to the legal and regulatory environment affecting e-commerce. Dimensions of E-Commerce The three dimensions of e-commerce are Business-to-Consumers (B2C), Business-to Business (B2B) and Business-to-Government (B2G). B2C e-commerce is unlikely to be of much use in the near future in Bangladesh because of low per capita income, a weak infrastructural and legal environment, lack of trust between business and consumers. B2C for cross border trade is also limited by the factors suggested for the domestic front. In addition, non-availability of international credit cards, foreign currency remittance restrictions, delays and informal payments at customs clearance even for small value and quantity items will discourage B2C. The B2B application already exists in the export sector of Bangladesh, especially in the Ready Made Garments (RMG) industry. RMG has the lion’s share of the export earnings in Bangladesh. The RMG sector has begun to use the Internet, and its dependence on ecommerce is likely to grow...
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