...CASE STUDY: You are a Business Development Consultant. Your Firm is hired by a small business enterprise that is facing myriads of marketing and organizational challenges. YOUR JOB AS A BUSINESS DEVELOPMENT CONSULTANT IS TO 1) Analyze the problems in the business, 2) Research solutions and/or benchmark good practices, 3) Make suitable recommendations for improvements, and 4) Help the business to implement these recommendations satisfactorily. TEAM ASSIGNMENTS PRESENTATION: 15 MINUTES LEARNING OUTCOME 2: Be able to use the concepts of segmentation, targeting and positioning 2.1 Show macro and micro environmental factors which influence marketing decisions 2.2 Propose segmentation criteria to be used for products in different markets 2.3 Choose a targeting strategy for a selected product/service 2.4 Demonstrate how buyer behavior affects marketing activities in different buying situations 2.5 Propose new positioning for a selected product/service Submission Deadline: November 16, 2015 TEAM ASSIGNMENT: AC 2.1 Show macro and micro environmental factors which influence marketing decisions Guiding Term Paper Questions The business believes that competition from nearby businesses is preventing it from growing and increasing sales. However many other micro and macro factors are impacting sales and its marketing decisions. So show the macro and micro environmental factors that are impacting the performance of the business and explain how they are...
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...Chapter 5 The U.S. Constitution sets the framework for the U.S. government, establishing a system of government that divides power between the federal government and the states It establishes a system of government based on the principle of federalism, where power is divided between a central authority and constituent political units The 10th Amendment to the Constitution states that all powers that the Constitution neither gives exclusively to the federal government nor takes from the states are reserved for the states Federal legislation that affects business must be based on an expressed unconditional grant of authority The Constitution also allocates power of the federal government among three branches of government First three articles of the Constitution establish the legislative, executive, and judicial branches; they’re independent branches of the federal government Constitution ensures that each branch maintains a separate sphere of power to prevent any one of them from obtaining undue power and monopolizing government control Constitution also establishes a system of checks and balances Each branch’s powers keep the other branches from dominating the government Constitution does not explicitly allow courts to review legislative and executive actions to determine whether they are constitutional, but early common law established a process called judicial law Judicial law is the power of a court to review legislative and executive actions, such as a law or...
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...and Key Success Factors of Chemical Distributors Classification of Respondents Contact: Grosse-Hornke Private Consult 1 Chemical distributors with growing relevance to chemical manufacturers and end-customers of chemical products Status Quo Chemical Distribution Economic recovery of the chemical distribution in 2010 and 2011 with record revenues of approx. €190bn generated by the German chemical industry in 2011 Growing relevance of chemical distributors as partners of the chemical manufacturers representing >10% of market share (in terms of revenues) for basic and special chemical products Increasing coverage of news about the chemical distribution in trade media as well as general business media stressing the economic relevance and development (e.g. M&As) in this industry ard trend tow continued f the distribution a “There is rcing o d outsou rers [to crease in manufactu sident hemical] Pre […] by [c n Zillmer, rs].” (Joh distributo nivar, 2010) ,U and CEO rowth ontinued g ss, D set on c “IMC ical Busine CIS Chem path.” (I 2011) n in the Distributio shifts up a gear “M&A Activity al Week, 2011) Sector.” (Chemic nges tor IMCD cha mical distribu “Che hands.” private equity eek, 2010) (Chemical W -based erman Mülheim shopping tour: G “Large intends to acquire Dealer Brenntag Sonntag, Chemical IPO.” (W elt am companies after further 2010) 2 The sample of the study “Chemical Distribution...
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...GUIDANCE ON REVENUE OPINIONS ON CLASSIFICATION OF ACTIVITIES AS TRADING. INTRODUCTION The introduction of the general 12½% corporation tax regime for profits from trading activities of companies is focusing attention on what activities can be classified as giving rise to trading income. Revenue is increasingly being asked to give opinions as to the appropriate classification for tax purposes. The purpose of this note is to give general guidance as to how Revenue approaches the subject and to outline the type of information that should accompany a request for an opinion. Revenue Opinions Under the self-assessment system the question of whether a company is, or would be, trading is decided initially by the company itself. For most companies it would be obvious whether or not they are trading. Where a taxpayer has a doubt about the tax treatment, he or she may take a view on the issue and express doubt under Section 955 of the Taxes Consolidation Act, 1997. A formal expression of doubt protects the taxpayer from interest and penalties in the event that Revenue, for example, in the context of an audit, take a different view of the tax treatment at a later date. In addition, the Revenue Commissioners are prepared to give an opinion on the classification of income as trading in accordance with the guidelines issued in Tax Briefing issue 48 – June 2002 on Seeking Revenue Opinions on Tax Consequences of Certain Complex or Unusual Transactions...
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...CLASSIFICATION OF COMPANIES AND SEPARATE LEGAL ENTITY 1) Types / form of business organization Sole Proprietor -operated by individual -unlimited liability -not complex organizational structure -all decision regards to business is done by the individual - Capital for venture is from the individual -all the profits made belong to him exclusively but he also bear all the risk -no separation between the business and his personal assets Advantages: -only minimal legal requirements for him to comply - Easy to start -minimum capital is required -all assets & profits belong to the owner -owner can exercise his entrepreneurial skill to the full -owner makes all decision & operates the business the way he wishes - No need to disclose accounts to the public Disadvantages: -unlimited liabilities -inadequate funds -limited skill or expertise -personally accountable for all business decisions -responsible for all the work. No one to share the workload. -no income if owner is incapacitated. Eg. Sickness -no continuity. ( perpetual succession) Business ceases once owner dies Partnership – Partnership Act 1961 * Unlimited liability * Terminate if there is death, bankruptcy * The partners can be sue or be sued * Member –min 20 , max 20 * X own any property under its firm name. * X take any loans from creditors on its firm name * X loan any money on its firm name * X sue or be sued on the firm name Advantages ...
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...you. First of all let me explain how LLC works. LLC is a limited liability company and is not a separate tax entity like a corporation; instead, it is what the IRS calls a "pass-through entity," like a partnership or sole proprietorship. All of the profits and losses of the LLC "pass through" the business to the LLC owners (called members), who report this information on their personal tax returns. The LLC itself does not pay federal income taxes, but some states impose an annual tax on LLCs. The reporting on taxes will be done according to the state in which you are residing, and taking into consideration that not all states allow for LLC to have a separate reporting from the individual. To conclude, the $300,000 fee received by you and being a sole owner of your LLC, you must report all profits (or losses) of the LLC on Schedule C and submit it with your 1040 tax return. 1(b). You have also received a sum of $25,000, as a reimbursement for your expenses. As you no doubt already know, you don't have to pay taxes -- income taxes or self-employment taxes -- on most of the money that your business spends. However, considering that you have worked on the case for two years, we need to know if $25,000 were reported for prior years as a deduction on your tax return. If you have deducted the $25,000 as business expense, the sum received now would be taxable. If the expenses were not deducted on you prior tax returns, the $25,000 will not be taxable. 1(c). As far as the reduction...
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...issue 34, January 2005 http://www.inconcept.com/JCM/january2005/index.html Choosing Approach to Business Process Modeling - Practical Perspective Ilia Bider Want to know more about business processes? Visit http://processplatsen.ibissoft.se/en/node/29 Research Report, IbisSoft (www.ibissoft.se), 2002, Revision 2003, 2007 Abstract: One of the essential parts of a business process modeling project is choosing an approach to modeling and/or modeling notation/tool. The selection of a “right for the task” approach can substantially increase chances for success. To ensure the “right” choice, the following three sets of factors should be considered: (a) properties of modeling objects, i.e. business processes, (b) characteristics of the modeling environment, (c) intended use of the model. The paper is devoted to the analysis of these factors. It presents a simplified classification of the approaches to business process modeling. It lists the most essential properties of various business processes, it classifies modeling environments, and it discusses some practical tasks where the business process model can be used. Based on the analysis, practical recommendations on what approach to choose are given. Keywords: business process, modeling tool, modeling notation, tools analysis Foreword Business process description is a map that helps us to navigate through our business activities. In particular, it helps us to understand: • • • • where we are right now, where we need to go to,...
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...WHAT IS BUSINESS STRATEGY 1)A business strategy typically is a document that clearly articulates the direction a business will pursue and the steps it will take to achieve its goals. In a standard business plan, the business strategy results from goals established to support the stated mission of the business. A typical business strategy is developed in three steps: analysis, integration and implementation. In the analysis step of business strategy development, one of several methods is used to analyze a firm’s market, resources, obstacles to success and specific advantages. The goal of strategic analysis is to identify what a business wants to accomplish, the strengths it can bring to bear on accomplishing the goal and weaknesses that need to be addressed prior to integration and implementation. Strategic assessment methodologies can include evaluating the business environment, gaming various competitive scenarios, determining what market forces are at work and rating competitors, among others. Integrating a business strategy usually is one of many steps in a larger business planningprocess. A business plan begins with an overall vision. From the vision, a mission statementfor the business is constructed, usually the shorter and more precise the better. A mission leads to specific goals the business will achieve to accomplish its mission and that in turn leads to strategy to achieve goals. Specific tactics are usually then developed to support the business strategy. This...
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...|[pic] |Course Syllabus | | |Axia College/College of Natural Science | | |HCA/270 Version 3 | | |Finance for the Health Care Professional | Copyright © 2011, 2009, 2007 by University of Phoenix. All rights reserved. Course Description This course is designed as an introduction to the terminology, processes, functions, and financial reports commonly encountered in health care operations. This course introduces the concepts of basic managerial financial functions, such as budgeting, reimbursement methods, and the responsibilities of health care financial management. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies...
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... |Marks |Credit | | |Business Communication and Report Writing (In English) |100 |4 | | |Computer and Information Technology |100 |4 | | |Taxation in Bangladesh |100 |4 | | |Business Statistics (In English) |100 |4 | | |Macro Economics |100 |4 | | |Human Resource Management |100 |4 | | |Viva-Voce |100 |4 | | |Total = |700 |28 | |Course Code | |Marks: 100 |Credits: 4 | Class Hours: 60 | |Course Title |BUSINESS COMMUNICATION AND REPORT WRITING (In English) ...
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...Being a desiring business owner, critical examination must be placed into the various business structures when opening your business. Each business requires the correct planning and structure in the business agreement. Without an agreement delineating the relationships between the members, managers, partners and shareholders, the court applies default provisions. There is a significant possibility that the default provisions dictating the law will not align with the needs of the organizers. The most common methods of business operations are as sole proprietorships, partnerships, limited liability companies and corporations. As such, after careful review and revision of the different business organizations, I have decided that I would establish a Limited Liability Company (LLC). A Limited Liability Company, quite simply is a company whose liability is limited. That’s the short version. The longer version is that a limited company is a type of company which when set-up allows an entrepreneur to keep their own assets and finances separate from the business itself. This means that people who have invested in the business (the shareholders) are only responsible for any company debts up-to the amount that they have invested and no more. It is therefore a good way for a business to get investment and run without risk to a personal wealth. Essentially a Limited Company is seen as an entity in its own right, which can be subject to legal action. As a separate body, a...
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...(EIA) Why do we need EIA? Which activities are subject to EIA How to conduct EIA II. THE EIA PROCEDURE IN MALAYSIA Integrated Project Planning Concept How is EIA Report Processed and Approved ? Organisational Structure Preliminary EIA Reports Detailed EIA Reports Classification of Projects by Timing of EIA Report Submission (Project Planning Cycle) Consultation III. ACTIVITIES SUBJECT TO EIA 1 1 1 1 1 1 2 4 4 4 5 9 9 9 LIST OF FIGURES 1 2 3a 3b Outline of Environmental Impact Assessment Procedure in Malaysia Integrated Project Planning Concept Organisational Structure of EIA Report Processing and Approval Procedure at State Offices Organisational Structure of EIA Report Processing and Approval Procedure at the Department of Environment Headquarters Organisational Structure of Detailed EIA Report Processing and Approval Procedure LIST OF TABLES 1 2a 2b 2c Classification of Projects by Timing of EIA Report Submission (Project Planning Cycle) Summary of Activities Subject to Environmental Impact Assessment (Activities Defined by Quantum) Summary of Activities Subject to Environmental Impact Assessment (Activities Defined by Project Size) Summary of Activities Subject to Environmental Impact Assessment (Activities Not Defined by Unit of Measure) 3 4 4 5 3c 6 7 11 12 13 ii LIST OF APPENDICES Appendix 1 Environmental Quality Act, 1974 1985) Section 34a 2 Environmental Quality Act, 1974. Environmental Quality (Prescribed Activities) (Environmental Impact Assessment)...
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...Product Management and Strategy Dr. Prashant Mishra prashant@iimcal.ac.in A Business Strategy Product-Market Investment Decision • Product-market scope • Investment intensity • Resource allocation over business units Basis of SCAs • Assets/Competencies • Synergies Functional Area Strategies • Product • Price • Distribution • Etc. Figure 1.1 The Four Ps: The Tools The Four Cs: The Ends Marketing Mix Product Customer Solution Place ConvenPromotion ience Communication Price Customer Cost The Other 4Cs: The Participants The Participants Competitors Company Consumer Channel Views on the Marketing Processes 5-C Analysis Customer Competitor Company Collaborators Context S-T-P Marketing Segmentation Targeting Positioning 4 P’s Marketing Plan Product Pricing Promotion Place The Functional View Views on the Marketing Processes Understanding Customer Value Creating Customer Value Capturing Customer Value Delivering Customer Value Sustaining Customer Value The Process View Understanding Customer Value • Value is defined as the perceived worth in monetary units of the of the set of economic functional / technical and psychological benefits received by the customer in exchange for the price paid for for a product offering, taking into consideration the available offerings and prices. - Anderson, Jain and Chintagunta(1993) Understanding Customer Value Psychological Functional Economic Plea From an Anonymous...
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...telling the MBA Retail Management students, at a well known business school, about his chain of retail stores. During the ceremonial interaction after his speech, Mr. Reddy was asked many questions about his business. In the course of this interaction, Mr. Reddy was asked by one student about his plans for Apna Bazaar in the future, especially if the Courts of Law ruled in his favour. The student wanted to know, how, after a hiatus of 8 years would Apna Bazaar begin its business again, especially when during the last 8 years of business inactivity, the retail landscape in India has changed dramatically. Mr. Reddy briefed the student of his plans to re-establish Apna Bazaar as the leader. That evening, on the flight to Hyderabad, Mr. Reddy reflected on the student's question and pondered about what it would really take for Apna Bazaar to relive the glory days of its past? The evolved retail landscape in India Modern retail has grown tremendously between 2004 and 2012. The retail revolution in India has seen the rise of many retail verticals and formats therein. The modern retail landscape in India is brimming with a plethora of verticals and which can be enumerated as follows: • Fashion Retail • Luxury Retail • Food and Grocery Retail • Home and Office Improvement • Leisure and Entertainment • Consumer Deurables and IT (CDIT) • Catering Outlets • Fitness & Personal Care • Cash 'n' Carry (Business to Business retail) • Automobile Retailing Between 2004 and 2012 many...
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...part of their jobs C) use their skills to help others gain knowledge D) modify knowledge created by others, but do not create knowledge themselves E) work in the education industry Answer: B Page Ref: 5 AACSB: Use of IT Difficulty: Easy Objective: LO 1-1 Classification: Conceptual 2) Which of the following predictions made by Peter Drucker is true? A) Knowledge workers have lesser bargaining power than workers in other industries. B) Knowledge workers do not possess valuable real-world skills. C) Knowledge workers are not reliant on formal education. D) Knowledge workers are continually learning how to do their jobs better. E) Knowledge workers are not paid as well as their prior industrial counterparts. Answer: D Page Ref: 5 AACSB: Use of IT Difficulty: Moderate Objective: LO 1-1 Classification: Conceptual 3) During the time of the industrial revolution, some individuals who felt threatened by the changes brought about by technology resorted to protesting against the technology. Identify these individuals. A) Luddites B) Utopists C) Millenarists D) Utilitarians E) Preterists Answer: A Page Ref: 7 AACSB: Use of IT Difficulty: Easy Objective: LO 1-1 Classification: Conceptual 4) Which of the following occurred when Alvin Toffler's "third wave" gained speed? A) Society moved from a predominantly agrarian culture to the urbanized machine age. B) Occupations changed to accommodate the mechanized society. C) The ability to...
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