...Entrepreneurial Leadership Task 1 Analyze and describe the founding leader, leadership style, and major business principles of a profit-oriented entrepreneurial approach in which the primary goal is to provide a product or service to consumers and to make a profit. Task 1 Response At the age of 22, John Schnatter founded Papa John’s Pizza in 1984 (Cendrowski, 2009). Mr. Schnatter converted a broom closet at Mick’s Lounge bar into a takeout pizza restaurant (Cendrowski, 2009). The concept of the takeout pizzeria was conceived during his studies at Ball State University (Cendrowski, 2009). During this time, he wanted to build a pizza brand based on the principle of “Better ingredients, better pizza” (Cendrowski, 2009). Since the inception of the company, Papa John’s has developed a strong quality claim and devote consumer base taking the company from small beginnings to the third largest pizza chain in the United States (Brandau, 2009). As a leader, Mr. Schnatter believes in hard work and demands his employees produce a superior product. According to the Papa John’s website, Schnatter developed six core principles every employee from the lowest level on up must memorize and repeat daily (2011). The core principles are: Focus-Constantly deliver a superior Papa John’s pizza; Accountability-Do what we say we are going to do, and do it; Superiority-Demand “Best in-class” at everything you do; P.A.P.A (People are priority always)-Our success depends on how well...
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... Jerr Boschee and Jim McClurg In this short article the authors outline the four key distinctions that differentiate non-profit social entrepreneurial organisations from other types of charitable non-profit organisations who claim to be making use of social entrepreneurial approaches. Towards a Better Understanding of Social Entrepreneurship Some Important Distinctions Jerr Boschee and Jim McClurg Contents: • Introduction • Four Key Distinctions 1. The differences between “entrepreneurship” and “social entrepreneurship” 2. The differences between “sustainability” and “self-sufficiency” 3. The differences between “earned income strategies” and “social purpose business ventures” 4. The differences between “innovators”, “entrepreneurs” and “professional managers” • Some Final Thoughts • Social Enterprise Definition • Further Information Introduction “Social entrepreneurship” is one of the most misunderstood phrases in the non-profit sector today. Everybody, it seems, has a different definition of what it means. This is our attempt to bring some clarity to the discussion. Our perspective has been shaped by 50 years of experience in the field, one as head of a national consulting firm and the other as the chief executive officer of a US$ 15 million social enterprise. Twenty years ago the idea of non-profits acting in an entrepreneurial manner was anathema to most people in the sector: The idea of merging mission and money filled...
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...How to Start an NGO or Non-Profit in Ghana 1 HOW TO START AN NGO IN GHANA Starting and managing an NGO in Ghana, or anywhere, can test the most saintly of spirits. Alright, perhaps we’re exaggerating a little. But what we’re trying to say is that setting up an NGO in Ghana (or Africa) is NOT EASY. We’ll make setting up an NGO or non-profit in Ghana a little easier over the next five steps. (Head over to G-lish.org because we’ll give you glimpses into our own NGO struggles and achievements straight from the NGO diaries from time to time.) This document covers five main steps essential to setting up an NGO in Ghana. The first two are generic steps for anywhere in the world. The final three steps are for Ghana, specifically. Feel free to share this document with anyone who may be starting their own NGO anywhere. 1. 2. 3. 4. 5. Develop Your Vision and Mission Develop Goals and Objectives Set up a Board of Directors Draft a Constitution Register the Organization in Ghana 1. Develop Your Vision and Mission You need a compelling vision and genuine commitment to that vision for the long-term. If you do things right you will go MaD (making a difference) in a way that fully benefits your target communities. Vision and Mission will explain your organization’s existence and focus its activities. And, this will “sell” your NGO to the world. Writing a vision and mission is like crafting an elevator pitch: make it short, clear and a little intriguing. But let’s look at the difference...
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...Accounting in Business Assignment #1 Student Number is 9487165 Assignment Reference: AiB/9487165/Jan14/A1 Part A - Part A.1 – Cash Budget Explanatory Notes for Cash Budget items calculations Part A.2 - Income Statement Including Explanatory notes Part A.3 - Balance Sheet Including Explanatory notes Part B – Ratios Calculation B.1 – Return on Capital Employed B.2 – Cash Conversion Cycle B.3 – Gearing B.4 – Interest Cover B.5 – Current Ratio Part A.1 – Cash Budget |Cash Budget |Jan | |Output (total, units) |SUM of units/month from Jan-Dec starting at 1,200 units in May and 5% Month on | | |Month increase. | |Weeks p/month |Given | | | | |CASH IN | | |Cash from cust - retail |From Income Statement with 1 month delay as Retails have 1 month credit terms...
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...several other questions. This includes the question of, “do we hold non-profit to a different standard than other companies?” Upon pondering this question and the broadness of it. The decision was made to write about it this week in an article summary. Only, where was I going to start on finding an article that could expand on this question without being too broad? After giving it some thought, I decided to do some research on whether or not government held non-profit organizations to a higher standard. For the sake of this article, I want to focus on whether or not government holds non-profit organizations to a different standard in terms of getting grants to fund such programs. After reading the article White House (n.d.) Guidance to Faith-Based and Community Organizations on Partnering with the Federal Government. Retrieved February 8, 2012 from http://www.ethicsinstitute.com. Every year, "the federal government" spends billions of dollars for health and human service programs. When it comes to non-profit, however, the government has made it difficult. There are a lot of bureaucratic and administrative obstacles. Starting with the fact that most program officers are often unfamiliar with the work that non-profit groups do. In August 2001, the White House Office of Faith-Based and Community Initiatives released a report. Unlevel Playing Field that identified many of the barriers that faith-based and non-profit organizations face in accessing Federal...
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...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 groups, and political groups” (Starting a Non-Profit Organization). How much is Donated to Nonprofit Organizations Annually? A study done in the year 2013 reveals that approximately 316.23 billion dollars were donated to...
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...Since competitive positioning determines a firm’s long-run performance, we need to thoroughly grasp the essentials of what makes some competitive positions and competitive strategies more viable, and others not, and why. Case Analysis of Cola Wars Continue: Coke vs. Pepsi in the Twenty-First Century 1. Why has the soft drink industry been so profitable? a. Since 1970 consumption grew by an average of 3% b. From 1975 to 1995 both Coke and Pepsi achieve average annual growth of around 10% c. American’s drank more soda than any other beverage d. Head-to-Head Competition between both Coke and Pepsi reinforced brand recognition of each other. This assumes that marketing added to profits rather than eating them up. e. Very large market share. 53% in year 2000. f. Average 10.65% net profit in sales for both Pepsi and Coke. 2. Why has Coke been so successful? Why was Coke so extraordinarily profitable? a. Very High Market Share. Strong marketing campaign. A unique...
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...Kimberly A. Mitchell- 0522814 Professor Valerie Hockert, PhD 2013-04-ENC-102-OL010: English Composition II: WA1 April 6, 2013 Essay #1 Online learning is increasing in popularity. Adults as well as K-12 students are utilizing online courses to complete their education. With anything in life, there are pros and cons to consider especially when it comes to replacing traditional education with an online education. In the future, changes could be implemented to create a structure for all institutions to follow for a greater increase in online educational course offerings. In 1989, the University of Phoenix opened its virtual doors to what is called “distance learning”. This for-profit institution along with a multitude of other for-profit institutions have millions of students that take courses for a variety of reasons. For those who are taking online courses, some might say that the human interaction of taking a traditional course is better than utilizing online courses. If that is the case, then why has online learning increased significantly over the past decade? “About 30 percent of American college students take at least one course online, says Elaine Allen, statistical director of the Sloan Survey on Online Education, which monitors student involvement in online higher education”. (Burnsed, 1) In an article by Duglass Rushcoff, he states that even though students are taking courses to simply enrich their lives, “it would be a mistake to conclude that online courses...
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...I. What is a Non-Profit Organization? A. The basic definition of a non-profit organization is not established for the purpose of making a profit; not entered into for money: a non-profit organization (dictionary.com). In a society where everything costs, how can it be that an organization can exist that is not established for the purpose of making a profit? What is their purpose? By answering these questions, one will gain an understanding of what a non-profit organization is as well as the history of how non-profit organizations came into existence. B. Digging a little deeper, the premise of a non-profit organization is that a non-profit organization is an organization which exists for educational and charitable reasons, and from which its shareholders or trustees do not benefit financially from. Any money earned must be retained by the organization, and used for its own expenses, operations, and programs. Many non-profit organizations also seek tax exempt status, and may also be exempt from local taxes including sales taxes or property taxes. (investorwords.com). Bottom line, their purpose of existence is for the greater good of the community by the services they offer. A few well-known non-profit organizations are Kaiser Permanente, Easter Seals, Habitat for Humanity, the Red Cross, and United Way. Although many of the aforementioned organizations have a different look and feel, they all share the same unique key characteristics of a non-profit organization. C. Some of...
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...difficulty many non-profits encounter is lack of monetary resources which hinders its ability to deliver services/goods to the public. The frequent solution is for non-profits to form partnerships with organizations that have the desired resources: “cross-sector partnerships enable organizations to increase the likelihood of success in creating social value” (Shier & Handy, 2016). Countless non-profits are unable to form successful partnerships with cross-sectional organizations (for-profit and government); they reason that these failures are due to the disparity of values and objective between their former partners. However, Martha Reeves analyzes several steps for non-profits to take to ensure their potential partnerships are...
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...Picture this scene. A school bus. You sit there looking out the window. A Car passes, and another and another. Your stomach has been growling for hours. A low rumbling sound fills the silence. There it goes again, you cannot wait to get home. Suddenly, the twenty minute bus drive started to feel like an hour. You are starting to feel the effects of hunger. Now, what if you were feeling this everyday. Unfortunately, many people across America have a constant battle with hunger. But there is hope, people are starting to notice that hunger is a growing problem. The No Kid Hungry Foundation is an example of the growing awareness. The No Kid hungry Foundation was founded in 1987 with a credit card and an idea. Little did the founder know that in 29 years they...
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...specific list of questions that students must answer. Rather, the case contains general guidance or concerns expressed by various parties that students should consider when developing their solutions. If you, as the instructor, want to convert this case to a directed case, and hence provide your students with very specific guidance questions, you can copy and make available the applicable questions for this case contained in the Case Questions section of the online Instructor’s Manual. Purpose This case analyzes alternative pay for performance compensation plans for group practice physicians. Several different approaches are used to measure economic (financial) performance. In addition, compensation can be based on both financial and non-economic factors. Students must not only consider the impact of various approaches on compensation amounts, but also consider the issues of fairness and creation of incentives that benefit the practice as a whole. Complexity The case is moderately complex, especially for students who have little actual work experience and hence a limited understanding of “real world” compensation. There is a lot of number crunching, but the model does most of the work. Model Description The model (filename CASE11 for students and INCASE11 for instructors) takes much of the busywork out of the case, so it enables students to spend more time on interpretation and evaluation. Like most case models, the student and instructor versions differ only in regards...
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...constrain the future competitive moves of firms. Since competitive positioning determines a firm’s long-run performance, we need to thoroughly grasp the essentials of what makes some competitive positions and competitive strategies more viable, and others not, and why. Discussion Questions: 1. 2. 3. Why has the soft drink industry been so profitable? a. Since 1970 consumption grew by an average of 3% b. From 1975 to 1995 both Coke and Pepsi achieve average annual growth of around 10% c. American’s drank more soda than any other beverage d. Head-to-Head Competition between both Coke and Pepsi reinforced brand recognition of each other. This assumes that marketing added to profits rather than eating them up. e. Very large market share. 53% in year 2000. f. Average 10.65% net profit in sales for both Pepsi and Coke. Why has Coke been so successful? Why was Coke so extraordinarily profitable?...
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...to: Distinguish between business and not-for-profit organization. Describe why do we study business? Explain Survival, profit, growth, and increasing shareholder value. Describe what are the different types of stakeholders? Explain what are the major resources used in a business? How do they impact business? Explain all business decisions and their functions. State what are the indicators of measuring business performance and how to measure those? Describe what role a business does play to develop economy of a country? Define social business with its 7 principles. 2 5/9/2015 GREEN BUSINESS Minimize ‘carbon footprint’. 3 5/9/2015 BUSINESS Concept of Business: Business is an organization that produces or sells goods or services to gain profit. For example, SQUARE Pharmaceutical, KDS Garment, Fresh Cement and City Bank Ltd. Activities of Business: 1. It must be organized 2. It must satisfy needs 3. It must earn a profit. 4 5/9/2015 1. IT MUST BE ORGANIZED Must include four types of resources: - Materials - Human - Financial - Informational For example, SQUARE Pharmaceuticals Ltd. needs chemical and other raw materials to produce medicine it sells in the market. In addition, this company also needs human, financial, and informational resources. 5 5/9/2015 2. IT MUST SATISFY NEEDS Singer vs. Walton 6 5/9/2015 3. IT MUST EARN A PROFIT Profit = Sales Revenue – Expenses It is also known as...
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...Developing a non-profit organization is a challenging task. The process takes time and work whether it is starting a new organization from the bottom up, or developing a new non-profit department. Budget is a vital part of this process. Overestimations or minor mistakes in budget may cause long-term damage if the agency is not careful dealing with the financial management. Magnolia Case Study is a prime example of this. Even though the organizations reviews were strong and the organization received awards, a mistake in the budget caused the agency to go downhill unintentionally. Ultimately, I felt that the board should have reconsidered what Mary asked for. For the year Magnolia was awarded a grant that was not to extend past the year. The board should have examined the possible changes that may happen within a year. I felt like Mary asked for money that would not be needed for the following year and got a head of herself when she made her funding request. I understand that New York City needed an excess amount of help after the 9/11 terrorist attacks but requesting the money for the next year should have been considered a bit more carefully. Due to the organizational infrastructure possibly changing within the next year, a temporary grant should not be considered or budgeted as permanent funding. I felt that Magnolia was running smoothly and I would not have done anything different except the budgeting request. I would also have taken into consideration the hiring of extra...
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