ALTERNATIVE GROWTH STRATEGIES FOR SMALL BUSINESS Sonia Sabharwal STRUCTURE 10.0 10.1 10.2 10.3 10.4 10.5 10.6 Introduction Objectives Meaning of Business growth Need for growth Advantages of growth Limitations of growth Forms of growth 10.6.1 Organic growth 10.6.2 Inorganic growth Meaning of growth strategy Types of growth strategies 10.8.1 Intensive Growth strategy 10.8.2 Diversification 10.8.3 Modernization 10.8.4 Merger 10.8.5 Joint Venture Crisis in Business Growth Summary Glossary Self Assessment
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Why Learn About Information Systems in Organizations? Information systems are used in almost every imaginable profession. Entrepreneurs and small business owners use information systems to reach customers around the world. Sales representatives use information systems to advertise products, communicate with customers, and analyze sales trends. Managers use them to make multimillion- dollar decisions, such as whether to build a manufacturing plant or research a cancer drug. Financial advisors
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better management. There are only two ways to simplify content management: manage less content (and say goodbye to business growth) or standardize the way you manage content. Enterprise Enterprise is what turns a short-term content management strategy into a long-term business strategy. It’s a collection of departments, goals, budgets and processes into one cooperative. Without enterprise, content management is just different departments satisfying their own needs, instead of considering what would
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have been listed as below: • Business entity; • Money measurement; • Going concern; • Accounting period; • Cost • Dual aspect (or Duality); • Revenue recognition (Realisation); • Matching; • Full disclosure; • Consistency; • Conservatism (Prudence); • Materiality; • Objectivity. 2.2.1 Business Entity Concept The concept of business entity assumes that business has a distinct and separate entity from its owners. It means that for the purposes of accounting, the business and its owners are to be treated
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a good, service, or company; a major marketing tool in contemporary business. Business: all profit-seeking activities and enterprises that provide goods and services necessary to an economic system. Capital: includes technology, tools, information, and physical facilities. Capitalism: economic system that rewards firms for their ability to perceive and serve the needs and demands of consumers; also called the private enterprise system. Competition: battle among businesses for consumer acceptance
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A business undertaking is an organisation which is engaged in some industrial or commercial activity. It represents an institutional arrangement for carrying on any kind of business activity. It may be owned and controlled by a single individual or by a group of individuals who have entered into a formal or informal agreement to jointly conduct the business. Every business undertaking is a separate and distinct business unit. It has its own identity and separate ownership. It can be distinguished
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Management * INTRODUCTION Business enterprises are creatures of society and should respond to the demands of society. If the management does not react to changes in social demands, the society will either force them to do so through laws or will not permit the enterprise to survive. Therefore the long-term interests of business are best served when management assume social responsibilities. The image of business organization liked with the quality of its products and
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future. It is therefore important for future leaders to recognise and provide innovative, sensitive, and meaningful sustainability possibilities. As an entrepreneur, leadership is the most important part of your job. But in a constantly changing business climate, you can't model yourself on leadership archetypes from the past and expect to meet the challenges of today's workplace. Barking orders at your subordinates a la the domineering 1950s boss won't get your staff on your side. And the buddy-buddy
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INTRODUCTION: Irfan, Tariq and Ajmal enterprise ITAE ITAE was established in June 1992. it deals in home appliances like iron, refrigerators, generators, fans, air condition units, washing machines, stabilizers. First we have started our business from small scale and now we are standing at strong position. At the start of the business in 1992 we have invested just $20,000, now it has been reached to $50,0000. The ownership structure is based on partnership ,and having 3 partners ,names are irfan
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Concepts of Accounting Meaning • Accounting is often called the language of business since people in the business world such as owners, managers, bankers all use accounting terms. • Accounting is defined as the art of recording, classifying, summarizing, analyzing, interpreting and communicating the results of transactions and events which are of financial character. • The person in charge of accounting is known as an accountant, and this individual is typically required to follow a set
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