...Deletha Wright EST1 - Task 1 (Revised) Philanthropy or Bust While customers are the backbone of any business, small businesses turn away from social responsibility while they struggle to make a profit. Company Q, a small grocery store chain is no different. They have stores located in a major metropolitan area, which is good for business. However, until recently a couple of their stores were situated in high crime areas. With Company Q already operating on small profit margins, the risk associated with high crime areas make it difficult to sustain the business in those areas. Therefore, Company Q shut down a couple of these stores. In addition, by customer demand, they had recently started carrying healthy and some organic products in all their stores. While these were high margin items, they are being carried in all the stores, including the stores located in the high crime areas. There is higher risk to carry these products in those stores. Lastly, the local food bank had requested donations of Company Q’s day old or outdated products. Due to fear of lost revenue from employees stealing or mismanaging donations, Company Q turned down the donation request and instead decided to throw the food away. Smaller grocery chains have a tough job of keeping up with competitive product pricing of larger businesses. The larger businesses have more buying power so they are able to keep larger inventory and are able to keep their prices down, which is a great recipe for higher...
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...start a new small business in the city of Detroit. The business is baking bread. They show how brave they are and that healing a city can happen. They demonstrate how to use ethical principles to address organizational issues. The issues in the film involve the city of Detroit. This city experienced a huge downfall with the crash of the economy. According to Huffington Post the Detroit News reports that Detroit has an enormous unemployment rate nearly 50% because of layoffs of the major auto manufacturers (Huffington Post, 2011). The women who started Avalon saw the need to heal the city and create jobs. The organizational ethics portrayed in this film are amazing. As stated in the film by one of the founders who have three bottom lines. “One is the responsibility to the earth, one the responsibility to the employees and the other is the responsibility to the community” (Liberty Mutual The Responsibility Project, 2012). The external pressure of the later is major. The social pressure influencing this business decision is the community needed them to start this business. Their decision to start a business was a big risk, especially starting a business they knew nothing about. The women knew nothing about baking or running a small business. They wanted to be a model for a successful small business in this community. The community rewarded them by taking the attitude of; if someone has the audacity to start a business here in this economy, the community will make sure...
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...characteristics of Small Industrial Business. THE MAIN CHARACTERISTICS OF A SMALL SCALE BUSINESS Revenue and Profitability Small-scale business revenue is generally lower than companies that operate on a larger scale. The Small Business Administration classifies small businesses as companies that bring in less than a specific amount of revenue, depending on the business type. The maximum revenue allowance for the small business designation is set at $21.5 million per year for service businesses. Lower revenue does not necessarily translate into lower profitability. Established small-scale businesses often own their facilities and equipment outright, which, in addition to other factors, helps to keep costs lower than more leveraged businesses. Small Structure The organizational structure of a small business is generally simpler than that of a larger corporation. In the smallest sense, a small business could simply be an owner-operator or an owner-manager-employee setup. Other small businesses are a bit larger with a few hundred employees working together in a building or area. A small organizational structure can improve communication among employees at each level or in different stores in a chain. Limited Budget A key constraint for small-scale businesses relative to larger companies is typically a more limited budget. With revenue ranging from a few thousand dollars to a few million, small companies must normally minimize fixed and variable costs of doing business and operate...
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...ASSIGNMENT 2 OPERATING A SMALL BUSINESS To purchase this visit here: http://www.activitymode.com/product/bus-463-wk-8-assignment-2-operating-a-small-business/ Contact us at: SUPPORT@ACTIVITYMODE.COM BUS 463 WK 8 ASSIGNMENT 2 OPERATING A SMALL BUSINESS BUS 463 WK 8 Assignment 2 - Operating a Small Business Use the same business idea you used for Assignment 1 to complete this assignment. Write a seven to eight (7-8) page paper in which you: 1. Choose the legal form of organization for the business, and support your choice. 2. Determine the organization structure which is initially needed to get the business operating, including the number of people necessary to get through the first year of operation, their job titles, and short job descriptions. 3. Propose at least three (3) methods to encourage the employees to work together and build an effective brand. 4. Examine at least three (3) ways to satisfy each of the stakeholders in the business including the investors, the employees, the customers, and the community. Activity mode aims to provide quality study notes and tutorials to the students of BUS 463 WK 8 Assignment 2 Operating a Small Business in order to ace their studies. BUS 463 WK 8 ASSIGNMENT 2 OPERATING A SMALL BUSINESS To purchase this visit here: http://www.activitymode.com/product/bus-463-wk-8-assignment-2-operating-a-small-business/ Contact us at: SUPPORT@ACTIVITYMODE.COM BUS 463 WK 8 ASSIGNMENT 2 OPERATING A SMALL BUSINESS BUS 463 WK 8 Assignment...
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...African family owned company. An interview with Gareth Ackerman on 6th October 2008 at The Fletcher School as a guest of the International Business Global Speaker series, he says the following ‘They are one of the first companies in South Africa to make a strong commitment to CSR believing that doing good is good business by focusing on environmental sustainability and small business viability’. The Pnp foundation’s vision being ‘to enable South Africans to provide for their own needs while inspiring to better themselves and to contribute to their own communities’ .PnP has an entrenched value system which they consider to render a positive impact on the lives of many South Africans. This is evident in their CSR spend in 2011 of R54.4 million. The Small Business Incubator Project was launched in 2010 is one of their most successful initiatives under the mentorship and guidance of Susan Ackerman-Berman who heads up transformation at Pnp. The objective of the projects is to assist small black businesses whether it is getting their products into the Pnp stores as well as other retail industries or providing a service. They are given the financial assistance as well as guidance in all aspects of the business process such as financial, operational, accounting, safety, employment, marketing and production in an effort to sustain their small business. Their mission is to enhance and develop skills such as teaching techniques of organic farming as well as...
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...bread I really got to this short five minute and 46-second video and thoroughly enjoyed it. The clip Avalon is definitely inspiring. The issues in the video clip involve the city of Detroit, but it is happening everywhere in towns and cities across the United States. The issues in this video are important because in order for the United States of America to bounce back we need people like these around that took the initiative to find a way to help out and improve their surroundings. Stuff like this is happening across the United States not just in Detroit. It gives people hope of ways to improve their lives. This was all started by the aspirations of two women embarked on an endeavored to start a new small business in the city of Detroit. Their business is baking breads for their community, but it has reached by word of mouth within the city limits not just their neighborhood. These ladies showed how daring they are and that healing a city can happen when mindsets are put ahead of personal gain. They demonstrated how to use ethical principles to address the organizational issues. The organizational ethics depicted in this short clip are astounding. The city of Detroit experienced a huge downfall that started decades before the crash of the economy in the late 2000s. When the auto companies started shuttering plants and moving jobs overseas for profit and cheaper labor fewer jobs meant people had to move to find work. When those people move less people are around to pay taxes which...
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...Small business social responsibility: Expanding core CSR theory Laura J. Spence Abstract This paper seeks to expand business and society research in a number of ways. Its primary purpose is to redraw two core CSR theories (stakeholder theory and Carroll’s CSR pyramid), enhancing their relevance for small business. This is done by the application of the ethic of care, informed by the value of feminist perspectives and the extant empirical research on small business social responsibility. It is proposed that the expanded versions of core theory have wider relevance, value and implications beyond the small firm context. The theorization of small business social responsibility enables engagement with the mainstream of CSR research as well as making a contribution to small business studies in scholarly, policy and practice terms. Key words: corporate social responsibility, ethic of care, feminist ethics, small and medium sized enterprises (SMEs), small business, Carroll’s pyramid, stakeholder theory. Correspondence: Laura J. Spence, PhD. Professor of Business Ethics. Director, Centre for Research into Sustainability, School of Management, Royal Holloway, University of London, Egham, Surrey, TW20 0EX, UK. Laura.Spence@rhul.ac.uk Acknowledgements: With sincere thanks to the special issue editors and reviewers, Kate Grosser and Dirk Matten for their insightful comments in the development of this paper. Introduction Small business social responsibility - whether it be a software...
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...bread I really got to this short five minute and 46-second video and thoroughly enjoyed it. The clip Avalon is definitely inspiring. The issues in the video clip involve the city of Detroit, but it is happening everywhere in towns and cities across the United States. The issues in this video are important because in order for the United States of America to bounce back we need people like these around that took the initiative to find a way to help out and improve their surroundings. Stuff like this is happening across the United States not just in Detroit. It gives people hope of ways to improve their lives. This was all started by the aspirations of two women embarked on an endeavored to start a new small business in the city of Detroit. Their business is baking breads for their community, but it has reached by word of mouth within the city limits not just their neighborhood. These ladies showed how daring they are and that healing a city can happen when mindsets are put ahead of personal gain. They demonstrated how to use ethical principles to address the organizational issues. The organizational ethics depicted in this short clip are astounding. The city of Detroit experienced a huge downfall that started decades before the crash of the economy in the late 2000s. When the auto companies started shuttering plants and moving jobs overseas for profit and cheaper labor fewer jobs meant people had to move to find work. When those people move less people are around to pay taxes which...
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...Birds Barbershop is a short film about how two lifelong friends came together to start a small business in because neither of them wanted to work for large companies. What seems to start out as a simple small business in a simple small community seems to turn into a successful social experiment on how a small company can begin to grow and become successful while maintaining some good old-fashioned values. Co-founder, Michael Portman tried working for a large corporation and found that as he climbed the business ladder, he did not like the personalities that made up different management levels. The inference in the film was that Michael did not like the ethical standards set forth by upper management, and decided he wanted something more rewarding from his business career. Jayson Rapaport also tried working in a larger corporation where he experienced the negative effects of corporate bureaucracy. As one point Jayson realized it was time to make a change and do something on his own, so he returned to Austin, Tx. where he reconnected with his life-long friend to create a small business in the community that provided a service, but did so without all the fanciful trappings of a large corporate chain or national franchise. Their vision was to bring back the charm and solid values of an old time community barber shop: Birds Barbershop. How ethical principles can be used to address community or organizational issues. The duo did not set out to conquer the world of hair salons...
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...Chamber of Commerce’s Impact on Small Businesses Tran Nguyen Business: Intro to Entrepreneurship October 13, 2014 The Chamber of Commerce helps small business owner chamber members promote their business in a variety of ways. The business owner’s product and service can be advertised to other local chamber members as well as the community. The commerce can introduce the owner to local retailers who may be interested in carrying the owner’s product in their store. The business owner name will increase in popularity by being associated with improving the community since Chambers of Commerce generally works on civic improvement, legislation favoring local businesses and economic development. The idea of a business owner partnering with the Chambers can also open up opportunities for the business to conduct joint ventures with other local businesses in the area. A Business owner may qualify for less-expensive health insurance and business insurance which becomes available to them through the Chambers of Commerce membership. Studies have shown how the Chamber of Commerce can be used to promote a small business. It is an exploratory case study of a single chamber of commerce and limits the generalizability of the findings to the population of chambers of commerce. ( Eisenhardt & Graebner, 2007: Eisenhardt, 1991). The Chambers of Commerce are an invaluable but often overlooked resource to most small business owners. The Chambers provide ways of promotion which are frequently...
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...Business Analysis Small Giants: Companies that Choose to be Great Instead of Big By: Bo Burlingham Most businesses believe that size and growth equate to success, but Burlingham, Inc. magazine's editor-in-chief, reminds us that there are different classes of great companies that focus not on growing bigger, but on improving where they are. He sees them as Small Giants. In his book, Burlingham reviews 14 small businesses that were highly looked upon by others in business for their accomplishments and their willingness not to look to be bigger, go public, or expand significantly. SMALL GIANTS’ MOJO Burlinghan's company profiles varied substantially in employee size, management approach, corporate structure, life cycle stage and by different industries. But something was similar about each one, and Burlingham's shared three of seven characteristics they share: - Passionate business leaders no matter what kind of business they may be in, including constant torque hinges manufacturing and designing, construction project planning, music making, special effects creation, or even beer brewing, show subject matter passion, as well as deep emotional business commitment to its suppliers, employees and customers. - Leaders and founders built companies/businesses to live in instead of business accommodations shaped by outside entities. Union Square Cafe's Danny Meyer said "he earned more money by choosing the right things to say no to than choosing things to say yes to...
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...Small Businesses Contributing to Charity: Are Tax Deductions the Only Advantage? Introduction “Despite significant progress made in some developing countries, almost half the current world population continues to live in poverty. The world population today stands at about 6.6 billion people and is expected to grow to at least 9.2 billion by the year 2050” (Leisinger, 2007). Giving to non-profit organizations not only helps United States citizens, but people all over the world. Without individuals, large corporations, and small businesses donating to nonprofit organizations the poverty population will only increase. What is a Small Business? “To be considered a small business on average the company has to have no more than 500 employees, and the most any small business can have is 1,500 employees (U. S. Small Business Administration, 2014).” When people think about small businesses, they think of the mom and pop stores within their community. However, small businesses are the majority of whom customers give their business. “According to the United States Small Business Administration’s (SBA) Office of Advocacy, 99.7 percent of all U.S. firms are small businesses (Cooper, 2012).” What is a Nonprofit Organization? A non-profit organization is an organization whose efforts are driven to generate a profit for a chosen cause. Non-profit organizations can be classified into five central categories: trade associations, charitable organizations, social clubs, government...
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...About the Organization The Goldman Sachs Group, Inc. is an American multinational investment banking firm. It is considered to one of the premier investment banks in the world. Some of the business areas where it engages itself are : • Investment management • Securities • Investment banking • Various other financial services. By and large, the firm's major activities includes providing Mergers and Acquisitions advices, asset management, underwriting services and prime brokerage to its clients which can be either of the corporations, governments or individuals. Apart from this, they are also involved in market making and private equity deals, and is a primary dealer in the United States Treasury security market. History 1869 : Goldman...
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...Project Title: SMALL SCALE INDUSTRY CREATION (COFFEEPLANT,MAIZE PLANT AND WAREHOUSE) Slogan: To: From: P.O. Box Location: Plot Tel. Email: Website: Projected fund needed: Contact person: Date submission: summary, This project is to improve local actions through Job creation where by it is will be employing more than a thousands of people in the small scale industries it is planning to launch within this year before it ends while also aiming at widening household income and achieving steady progress in the industry and area development which requires a growth of financial “Arrangement” that doubles as a supportive service and financial addition in this project so as to achieve its major operational goals and objectives. and in so doing for the project to be considered doing well at its best level not at its level of subsistence the project shall need a push up from funders so as to make it to the top most. Introduction, The process of industrialization is very important to all nations, both developed and developing. In achieving economic growth and development, the establishment of vibrant businesses becomes an issue of emphasis. This, as noted by various economists in the world, is in recognition of the fact that industrialization seems much easier to push when the vibrancy of businesses is maintained. The project is guided by the need to improve widen the income for households...
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...case, securing proper intellectual property protection is very important. As mentioned in the text, small businesses do not have the cash and time to be involved in law suits. The small business had a great idea with their hair products and made a good amount of money until a retail giant sold a cheaper version of their product. The small business can file a lawsuit however will be put at risk if they do not win it. An entrepreneur can fail or succeed as we all know. It is very important to have a copyright, trademark or patent in case the product is very successful. If there is not any protection, the case (Mixed chicks) shows what can happen. (Scarborough, 2015, 674; WSJ, Sept 25, 2011) 2. Analyze advantages and the disadvantages of filing a trademark infringement lawsuit against the large chain selling Mixed Silk products? Conduct the same analysis for filing a lawsuit. Answer: Filing a trademark infringement in court would have several advantages. Etheridge and Levy would get the exclusive rights to sell the product as they designed it. Other companies cannot sell the product or a similar version of it that would confuse the customer and make them believe that it was the original product. The small business would not have to worry about loss in revenue as they are the only supplier for this specific hair product. However, in order to get to this point, the small business would have to file a lawsuit for trademark infringement which can cost a lot of money. Neither party...
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