...Establishing a Business: Production 1. Description of business – In this part you are required to give a brief description of your intended business. The examiner should (a) The name of your intended business e.g. Xtreme Graphics production (b) The type of business e.g. sole, proprietorship etc. (c) What is the proposed business engaging in? e.g. production of local fruit juices (d) The major aims or aims of your business e.g. To make 100% profit by ensuring customer’s satisfaction. (e) If possible you can give example(s) of the goods and/ services you will be producing. 2. Justification of location– in this part you are required to : (a) State the location of your intended business, e.g. 152 John Street (b) Secondly, you will have to list and explain the factors which influence your choice of location. (Check your textbook) e.g. Closeness to raw materials. 3. Selection of appropriate labour– as we already know labour is an important of production and if you don’t select the most appropriate type of labour then inefficiency would take occur and productivity will decline. You are required to” (a) List the type of labour you will enjoy employ. e.g. cleaner (b) Then classify them under the three main categories of labour namely: – Skilled – Unskilled – Semi-skilled 4. Sources of fixed and working capital– Capital refers to money and all other assets of a person, company or industry that can...
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...Table of Contents 1.0 Executive Summary 2 2.0 Situation Analysis 3 2.1 Company Background/Business Description 4 2.2 Mission and Vision Statements 5 2.3 Customer Profile 6 2.4 Products/Services Description 7 2.5 Location, Operation, Legal Ownership 8 2.6 Broad Business and Marketing Goals 9 3.0 Market Summary 10 3.1 National Market Share 11 3.2 Market Demographics/Target Market Profile 12 3.3 Market Needs and Trends 13 3.4 Target Market Sales Projections/Forecasts 14 4.0 Operating Environment (SWOT) 15 4.1 Key Industry Driving Forces/Key Opportunities 16 4.11 Technological, Economic, Social/Cultural, Political, Legal, Regulatory Factors 17 4.2 Industry and Competitive Dynamics 18 4.2.1 Competition Discussion 19 1.0 Executive Summary 2.0 Situation Analysis 2.1 Company Background/Business Description Pacific Titan, Inc. is a commercial and industrial painting and coating contractor based in Riverside, California. Ownership of the company is shared equally by the three founding members: Michael D. Hugh (President), Jack Boyd (Vice President), and Patrick Ricciardi (Vice President). The company is the result of the merging of two smaller businesses, and the owners now bring over forty-five years of combined industry experience to the firm. Pacific Titan is not limited by either state or national borders, being willing and able to operate nearly anywhere in the world where its services are needed and price can be...
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...Business Development Planning What is Business Development The role of “Business Development” is a mix between a pure “sales” role and that of a Public Relations Officer and a Key Client Manager. Each organisation will set different objectives of its business development staff that may include some of the following tangible and non-tangible goals: Achieve product or service sales Prospect for new clients Initiate direct marketing campaigns Participate in relevant community activities Maintain and develop relationships with existing key clients Be active in business network groups Offer public speaking services Initiate sales calls including cold calling High level communication skills and good planning skills are essential in business development. Business Development Targets The business development function, like any other department, should have clear targets on what is meant to be achieved. A component of these targets may be a sales budget that outlines what the expectations are for the next year’s sales. The sales budget can be developed top down (last years results plus anticipated changes) or developed bottom up by the sales department (identifying this years opportunities). There are a number of ways to achieve increased sales targets: increase sales from existing customers find new customers for your product increase cross-selling ie existing customers take a wider range of products launch a new product (or product extension) to new and existing clients. Other targets...
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...Name of Company Business Plan Address City, State Zip Phone E-mail Author’s Name Day Month Year Table of Contents I. Executive Summary 1. Business Owner(s) & Product/Service 2. Mission Statement 3. Company Structure 4. Target Market(s) 5. Current Opportunity 6. Projection of Business Future 7. Financial Summary II. Market Analysis 8. Industry, Yesterday, Today and Tomorrow 9. Competitive Analysis (Appendix B) 10. Demographics & Target Market 11. Entry Barriers III. Marketing Strategy 12. Product/Service 13. Sales Strategy 14. Promotion 15. Pricing Strategy 16. Web Strategy 17. Differentiation (Competitive Advantage) IV. Operations Plan 18. Location 19. Operation 20. Organization Structure 21. Employees 22. Space 23. Capacity: 24. Critical Suppliers 25. Financial system 26. Computer system. 27. Equipment 28. Permits and Licenses 29. Insurance 30. Contracts 31. Patents and Copyrights 32. Credit Policy V. Financial Plan 33. Product and Service Pricing 34. Funding Source(s) 35. Cash Flow Projection (Appendix A) VI. Appendix A: Cash Flow Statement VII. Appendix B: Competitive Analysis VIII. Appendix...
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...in the future. To do this the business has to take into account considerations both inside and outside the business and the skills that are needed. These areas can be divided into three main factors: * Internal planning factors * External planning factors * Employee skills Internal planning Internal planning factors are those that relate to what is already happening inside the business. This includes how the organisation is changing to cope with new methods of working or new demands made on it, such as the introduction of technology or new products or services. It is also a way of considering the new skill that will be needed in the future and those that the existing staff already have. The gap between the skills already present and those that are needed can be measured. Organisational needs Organisations are constantly changing and their human resources need to adapt too. The demand for products and services will affect the number of employees needed in certain roles. Organisations need to plan for new products and services and make adjustments either by contracting the workforce or expanding it. Skills requirements Assessing the skills of the current workforce is an essential part of human resource planning as it enables the business to build up a profile of the training, experience and qualifications that employees already have. This is very important whether the business is capital intensive or labour intensive. As the nature and type of work changes within an organisation...
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...Name of Company Business Plan Address City, State Zip Phone E-mail Author’s Name Day Month Year Table of Contents I. Executive Summary 1. Business Owner(s) & Product/Service 2. Mission Statement 3. Company Structure 4. Target Market(s) 5. Current Opportunity 6. Projection of Business Future 7. Financial Summary II. Market Analysis 8. Industry, Yesterday, Today and Tomorrow 9. Competitive Analysis (Appendix B) 10. Demographics & Target Market 11. Entry Barriers III. Marketing Strategy 12. Product/Service 13. Sales Strategy 14. Promotion 15. Pricing Strategy 16. Web Strategy 17. Differentiation (Competitive Advantage) IV. Operations Plan 18. Location 19. Operation 20. Organization Structure 21. Employees 22. Space 23. Capacity: 24. Critical Suppliers 25. Financial system 26. Computer system. 27. Equipment 28. Permits and Licenses 29. Insurance 30. Contracts 31. Patents and Copyrights 32. Credit Policy V. Financial Plan 33. Product and Service Pricing 34. Funding Source(s) 35. Cash Flow Projection (Appendix A) VI. Appendix A: Cash Flow Statement VII. Appendix B: Competitive Analysis VIII. Appendix...
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...products/services of a new business. It is a reflection of how serious a company is in meeting the competition head on, with strategies and plans to increase market share and attract customers. An effective Marketing Plan is backed by carefully collected market, consumer and competitor information, sometimes citing professional advice. Why Prepare a Marketing Plan? A good Marketing Plan will help you to improve your odds against more experienced competitors and newly emerging ones. The Plan enables you to recognize and take action on any trends and consumer preferences that other companies have overlooked, and to develop and expand your own select group of loyal customers now and into the future. The Plan also shows to others that you have carefully considered how to produce a product that is innovative, unique and marketable- improving your chances of stable sales and profits - reasons for investors to financially back you. CONTENTS OF A MARKETING PLAN Title Page Include the name of the company, period of time that the contents of the marketing plan covers, and completion date. Use a clean and professional format with examples of the company logo and product designs and packaging types. Table of Contents List all the contents of the marketing plan in the order they appear, citing relevant page numbers. List tables, graphs and diagrams on a separate page so that the reader can locate these presentation tools quickly. List the appendices that will be...
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...Phoenix Library contains thousands of up-to-date journals, newspapers, industry reports, and research databases? This Scavenger Hunt will send you on a search to answer 14 questions similar to the following question: Access the University Library page and select the Apollo Library Handbook. Open the handbook and go to the Company Directories and Financials section. Which one of the following databases is listed under that section? 1. Datamonitor Business Information Center provides detailed coverage of companies, industries, and countries. Included are over 10,000 country profiles, over 2000 industry profiles, and over 50 country profiles. 2. Investext Plus provides complete images in PDF format of analysts’ reports on a variety of industries and publicly traded companies. The reports found in Investext Plus can be used for access to detailed information about earnings, growth, market share, and other aspects of company and industry performance. 3. EIU® Viewswire® provides current coverage of political and economic trends in 195 countries. Risk analysis and economic forecasts are provided for virtually all nations. This resource is recommended for courses in economics and international business. 4. Business Insights, formerly known as Reuters Business Insight offers in-depth research reports regarding industries, marketing, and technologies. This database is recommended for courses in business and technology management. The correct answer is number 2; however...
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...Business Policy & Strategy Date: -------------- Final Project (WAC) University of Central Punjab Course Instructor: Farooq Omar Semester: ------------------ Section: -------- Group - Names: > Business Plan (type in trading name) (type in address) (address continued) (telephone number) (email address) -YOUR BUSINESSS LOGO - Prepared (date) Purpose of the business plan Explain why you are writing the plan: is it to secure finance, a management tool, or an operational guide for the business Start-up? If the plan is intended to support an application for finance, state the name of the bank or other financier to whom the application is being made, the amount of finance being applied for, the term of the loan and the security you’ll be providing the bank. State what the loan will be used for and how it will be repaid: eg from additional revenue generated as a result of borrowing the money. Also remember to date the plan and note the author. Summary Although it appears at the beginning of the plan, the summary is usually written last. It provides a broad overview of your business and what distinguishes your products or services from...
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...MGT 600 BUSINESS RESEARCH FOR DECISION MAKING 1. For the task that Director of Technology Development gave. They should ask a corporate lawyer, unless you are the lawyer. They would use Lexis/Nexus in this research. They can also look at this web site but the chance of getting "assistance" from an SEC regulator is ZERO. EDGAR website for Corporate filings http://www.sec.gov/edgar.shtml Federal Register Most Recently Published SEC Materials www.ftc.gov/ Federal Register the Daily Journal of the United State Government https://www.federalregister.gov/articles/search?conditions[agency_ids][]=466 U.S. Patent and Trademark Office You also go under: Federal Agencies Site Directory Fed World Government Printing Office Library of Congress Office of Foreign Assets Control, U.S. Department of the Treasury Small Business Administration Thomas Legislative System USA.gov — U.S. Government Web Portal U.S. Department of Justice U.S. House of Representatives U.S. Senate White House 2. For the food processing company they can look into hiring on contract and "Economic Advisors" firm there’s millions to choose from. http://www.google.com/search?client=oper… The can also research: The Snack Food Association http://www.potatopro.com/lists/companies/dispform.aspx?id=200 Snack Food Production Market Research report http://www.ibisworld.com/industry/default.aspx?indid=271 Industrial manufacture of snack foods By Sergio Serna-Saldivar The Food and Beverage...
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...experience or failing to list a specialized skill set, and quoting low salary, too vague, and immeasurable expectations. “The best job descriptions are living, breathing documents that are updated as responsibilities changes” Job Analysis Job analysis is the process of developing a thorough understanding of the various attributes of the position. You can use Worksheet 1, Job Analysis Form (pp. 5-6), to help guide the job analysis process and organize your results. A complete job analysis should provide you with information on the: 1. Duties or responsibilities of the job: those tasks that are performed, the types of decisions the person in the position will make, and responsibility for record-keeping. 2. The qualifications needed to carry out the work: the physical abilities; general skills; previous experience; and special training, knowledge, or licenses required. 3. Work environment: the location and work conditions under which the job is performed and supervision and contacts with other business personnel, customers, and input suppliers. Discussing the position with current employees, if there are any, can often be a useful way to gather job analysis information. In doing a job analysis, be sure to think in terms of what work needs to be done, not just the work that is currently being done. Job Design As you develop a job description, you also need to consider how the position will relate to other positions in the business. This is part of...
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...Plan 14 Key Financial Information 16 Capitalization and Use of Funds 18 Exit Strategy or Payback Analysis 18 Notices and Disclaimers 18 Introduction and Overview Digit Scan will provide the Digit scanner for hospitals, doctors, EMT’s as well as any other business and or organization which needs to use data base of information to provide their clients and or patients with the utmost accurate and secure services. Digit Scan will be especially helpful to customers who deal with clients with medial issues or for people who need to identify their customers records in a discreet and accurate manner. The company has a promising future due to the growth rates currently being seen in the biometric field. As the founder of this new business, we are familiar with bring important experience to the business, including [insert a sentence or two describing your experience, include industry experience, startup or small business experience, and even community involvement that shows your character]. I am most optimistic about the ability to start, sustain and grow [Digit Scan] because [insert your reasons—people want to know that you are excited about the business]. Current Business Structure Digit Scan is in the formative stages and is expected to be opened in the early part of 2012, when all our corporate funding is in place and our products are ready for shipment. The...
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...Abstract Business strategy is the strategy which the company uses to compete with their rivals in the same industry. Business strategy is also considered as the spine of the business because it dominates other operations in the company and helps create competitive advantages over their competitors. Due to these very important roles of the business strategy, we decided conduct this research paper with the aim to test whether choosing different types of business strategies will lead to difference in the performance of the companies or not. This research paper is based on the data from quarterly financial reports of the three companies in the computer industry in US from 1999 to 2011. With the findings of the research, the paper draws a conclusion that the impacts of different strategies are not the same, so that the managers should choose the most appropriate and profit-maximizing strategy for their company. Moreover, this result of the test will give incentives to the firms to put forward further test to find out the most effective strategy, which then can be recommended to Vietnam’s businesses. I. Scenario Computer industry is a very young industry in the world and it was not until the late 1990s that it really developed rapidly. In spite of this fact, the computer industry has gained a lot of significant achievements, opening a new era for the human-beings. It is also considered as an industry that has the fastest growth rate with a lot of new innovative products being produced...
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...Corporate Social Responsibility across Industries: When can who do well by doing good? Andreas G. F. Hoepnerab, Pei-Shan Yua* & John Fergusonc School of Management, University of St. Andrews, The Gateway, North Haugh, St. Andrews, KY16 9SS, UK Academic Fellow, Principles for Responsible Investment, PRI Secretariat, c/o UN Global Compact, DC2-612, United Nations, New York, NY 10017, US c Department of Accounting & Finance, University of Strathclyde, 100 Cathedral Street, Glasgow, G4 0LN, UK b a This version (3.0): March, 2010 First version (1.0): October, 2008 ___________________________________________________________________________ Abstract: While much of the previous literature considers whether corporate social responsibility (CSR) pays, we take a more nuanced perspective, theoretically and empirically, by investigating when CSR pays and for whom? Theoretically, we develop two contingency perspectives. First, we extend previous work to argue that CSR’s impacts on corporate financial performance (CFP) are moderated by five factors: CSR form, firm characteristics, time, national framework and industrial characteristics. Focusing on industrial characteristics, we theorise that differences in industries’ dependency on certain stakeholder groups, their proximity to the end consumer, their potential for social and environmental damages and their level of product / service differentiation moderate CSR’s value relevance. Our second contingency perspective considers for whom CSR might...
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...Analysis Review the macro environment and list the trends that may affect your business. When completing a macro environment analyses you will be seeking to answer the questions “what will affect the growth of our industry as a whole” and “What is the likely impact of all of the things that affect the growth of our industry” The things that may affect your industry as a whole may also affect many industries, such as interest rate rises, however you are only concerned with the things that affect your industry. This template contains examples of trends to consider, the list is to be considered by no means exhaustive. You will have to review the examples provided and update the list with the trends that are more likely to affect your industry. Effect on industry growth Positive/negative Environmental factor Technological Factor Web for business transactions Technology for your products Technology for you process Genetic engineering Voice recognition computing Fibre-optics Electronic communications Composite materials Nanotechnology Comments Example: increased ecommerce. Page 1 of 4 Strategic Planning Template Macro Environment Analysis Whatmakesagoodleader.com Environmental factor Economic Factors Personal income rate Disposable income Average household debit Personal saving rate Unemployment rate Inflation rates Interest rates Exchange rate(s) Taxation rate(s) Government budget allocation Gross domestic product Business savings rate Comments Example: interest...
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