Essays About Business

PersonalAssessment:

AfterdoingcomprehensiveresearchIcometotheconclusion,thatbyopeningaRestaurantwith Bosnianfoodwouldbeverygoodbusinessventure.ByopeningarestaurantwithauthenticBosnian foodwithintheBosniancommunityoffiftythousandpeoplewouldbeveryprofitable.Inawayrisk free.Myonlyconcernisthatthisismyfirsttimeinvestingalargeamountofmoney.BosnianFood isveryunique.MostBosnianpeoplehaveverybusyschedulesandtheydon'thavetimetocook.My restaurantwouldfeaturetraditionalBosnianfoodandatmospheretomakepeoplefeelasifthey wereinBosnia.Byopeningthisrestaurant,familieswouldbeabletocometodineortotakefood homethatwouldmakethemfeelathomeand...showmorecontent...

ThisrestaurantsislocatedintheheartoftheBosniancommunityandotherbusinesses

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ThelocationofmybusinesswouldbeintheLincolnsquareareaontheNorthwestsideofChicago.I wouldberentingthespaceMyrestaurantisinaverygoodlocationandveryaccessibleItisin centeroftheLincolnSquareareaandisalsoveryclosetofourmajorstreets:LawrenceAve., WilsonAve.,WesternAve,andLincolnAve.andhaspublicparkingnearbyforcustomers.The BuildinginwhichIamplanningtoopenmyrestaurantisveryappealing.Buildingwasrecently remodeledandhasverygoodvisibility.Nextdoortotherestaurantisaoldantiquestore,giftshop anddoctorsoffice

Thereisanocompetitionformybusinessatall.Thereareotherrestaurantsintheareathatoffer differentkindsoffoodlikeAmerican,Mexican,andGerman,butIamtargetingtheBosnian communityandmyrestaurantwouldbetheonlytraditionalbusinessinthisarea

LegalitiesandInsurance

BusinessthatIamplanningtoopenitwillbeaserviceorientedbusiness. LegalformformybusinesswillbeSolePartnerProprietorships.SoleProprietorshiphasnumberof advantages.AsaSoleproprietorshipyouhave

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TheSuccessOfABusinessVentureEssay

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Date: Introduction

Whenstudiedtheoretically,entrepreneurshipisaveryinterestingandawesometopicPeoplewant tobefreebybecomingtheirownbosses.Theyalsowanttodecideontheirownworkingschedules bysettingthehourstheywanttowork,fromwhatlocation,i.e.whetherathomeoratofficeanddo theonethingthatmakesthemfeelaccomplished.However,beinganentrepreneurisnotaneasyjob asmanyofmaywanttoassume.Infact,itcouldbethemoststressfuljobthatapersoncanengage inItisquiteachallengetoseeanopportunity,risky,asitmaybe,decidetotaketheriskbymaking acapitalinvestmenthopingtosuccessfullyrunthebusinessandgetgoodreturns.Runninga businessventuremaynotbeasexcitingasitmayseem.Asmuchasthereispotentialforsuccess,so isthepotentialforfailureandthereforepatienceisarequirementinentrepreneurship.Many successfulentrepreneurswilltellyouthattheyhadtoovercomealotofturbulenceintheirbusiness resultingfrominstancesofpersistentlossmakingandprofitmakingTounderstandthescopeofthe issuessurroundingentrepreneurship,IfocusonaninterviewwithJoelApfelbaum,theCo–founder andCEOofAjaxUnion,anonlinemarketingplatformthatfocusesonsmallandmidsizebusiness venturesseekingtoincreasetheirexposureonlineAjaxUnion

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BusinessDevelopment

CareerOverview:

Businessdevelopmentor"bizdev,"asinsiderscallitisallaboutgrowingyourcompany'sbottom line.Thejobofthebusinessdevelopmentprofessionalistypicallytoidentifynewbusiness opportunitieswhetherthatmeansnewmarkets,newpartnershipswithotherbusinesses,newwaysto reachexistingmarkets,ornewproductorserviceofferingstobettermeettheneedsofexisting marketsandthentogooutandexploitthoseopportunitiestobringinmorerevenue.

Businessdevelopmentisacousinofmarketingandsales,andevenwhenanorganizationdoesn't haveastand–alonebusinessdevelopmentdepartment,orprofessionalswiththephrase"business development"intheirjobtitles,youcanshowmorecontent

Next,asabusinessdevelopmentprofessional,you'llneedtothinkcreativelyoneverythingyou knowaboutyourcompany,itsmarket,anditscompetitivelandscapeThisisthepartofthejob whereyouidentifypossiblewaystoimproveyourcompany'ssales,whichcanmeananythingfrom identifyingnewmarketsegments(orindividualpotentialclients)foryourcompanytosellto,to identifyingnewsaleschannelstosellthrough,toidentifyingother,relatedproductsorservicesin themarketplacewithwhichyourcompany'sproductsorservicescanbecombinedintosynergistic, new,"co–branded"offerings

Thenextpartofthejobisprioritizingthenewbusinessopportunitiesyou'veidentified.Todothis, you'llneedtocomparethepotentialreturnsofeachnewbusinessopportunitytothecostsyour companywouldincurtoexploitthatopportunity.Whichmeansspreadsheetslotsofspreadsheets.

Finally,thebusinessdevelopmentprofessionalistaskedwithmakingthenewbusinessopportunities heorshehasidentifiedcometofruition.Inotherwords,you'llbenegotiatingwiththoseatother organizationswhocanhelpyoutakeadvantageoftheopportunitiesyou'veidentifiedAnd,ifyou're goodatwhatyoudo,you'llbeclosingdealswiththoseotherorganizationstoincreaseyour company'sbottomline.

Intermsofreal–worldexamples:Onethingyou'llprobablybedoingaspartofabusiness ...Getmorecontent...

EssayaboutBusinessChallenges

1.Themostsignificantchallengetobusinesssuccessyouseeinthisrapidlychangingglobal economy;

Onesignificantchallengetobusinesssuccessinthisrapidlychangingglobaleconomyisthatmany businessarefocusedonefficiencyandeconomicofscalesJustliketheexampleprovidedby MichaelH.HugoonChapter1,manycompaniesarefocusedonloweringoperatingcostasmuchas possible.Thisiscausingforexecutivesnotleaveanyroomforunpredictedchangeslimitingthe company'sabilitytorespondtocustomer'schangingneeds

2.Anorganizationthathasbeensuccessfulintheglobalmarketplaceusingvirtualteamsandthe bestpracticesitused(asdiscussedinChapter7ofBusinessAgility:ASustainableshowmore content...

Whilethisisapracticeenforcedthroughoutthecompany,itwasnecessarytomakesurethatthis communicationswerecleartothevirtualteaminordertomaintainmoraleandtheteam'strustinthe company.

3.HowtheMarketplacesimulationincorporatesthesechallengesintosimulationgameplay;

TheMarketplacesimulationincorporatesthesechallengesbyprovidingstudentwithreal–world businessproblemsandroles.Teammembersarechallengedtomakedecisionsandusedcritical thinkinginordertosolvethisproblemsvirtuallyWhileTheMarketplacegivestheteamthetolls necessarytohaveeffectivecommunication,ultimatelyeachteammemberscontributestotheoverall successoftheteam,justlikeinarealbusinesssituation.

4.Howyourreadingsandindividualself–assessmentworkprovidepotentialsolutionstothese challenges

Theunit'sreadingshaveprovidedmanysolutionstothechallengesbusinessesencounternowadays. Tothisday,therearemanycompaniesthathavebusinessplansthatconcentratestrictlyinlowering operatingcost,cutbudgetsasmuchaspossibleandoverworkworkersthatalreadyareoverworked Someofthissolutionsinclude:*Thinkingofthecostumer'sneedsandbeingabletorespondtotheir everchangingneeds*Managementneedstobetransparentandmakesuretocommunicatewith employees,especiallywhentheorganizationsismaking

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Thebusinessworldtodayiscompetitive.It'sfulloffierce,educated,andmotivatedpeople.For somepeopleit'stoughtorisetothetopandforsomepeopleitcomesmucheasier.It'snotalways abouthardwork!Onemightaskforamaptotheyellowbrickroad,butfewpeopleareever providedwithit.Mostpeoplearestuckinanoceanmakingcalculatedguessesastohowtheycan reachlandWhichrouteisthebest?Howmuchschoolisenough?Howmanycertificatesof accreditationisenough?Howmuchworkexperienceisenough?Allofusaskthesequestions attemptingtonavigateourshipsinacompetitiveworldwereonlyafewindividualsevergettotheir targetedcareerpositionHowmanyofthoseinleadershippositionsarewomen?showmore content...

They'relookingfordirectionfromtheirtopleadership.Whenwespeakoftopmanagementthefirst thingthatcomestomindistheCEO.IfyouhadtoquicklynamethreeCEO'soffthetopofyour headwhowouldtheybe?I'msuremanyofyouwouldhavesaidBillGates,SteveJobs,orMichael DellThereisanun–shockingstatisticthatthevastmajorityofpeoplewhoholdtopmanagement positionsaremen.

EvenfortheaverageJoeitwouldbedifficulttobecomeaCEOofabilliondollarcompany.There aremanymoreweedswomenneedtocutthroughtoreachthetopoftheirrespectivefields.Thelist ofchallengesthatwomenfaceareexponential.Thefollowingarewhatmanywouldbelievetobe thetopthreechallengesWomenhavefaceddiscriminationtowardstheirgender,theirabilitytobe assertive,andsomepeoplesaywomendon'thavetheabilitytotaketheiremployeestothenext level.

BeingdiscriminatedagainstforbeingawomanisthemostobviouschallengeIfyouthinkaboutthe historyofourcountry;ithasonlybeenabout90yearssincewomengottherighttovotein1920.In lightoftheelectionthatjustpastI'msuresomeofusstilltakethoserightsforgranted.Ithasbeenan uphillbattleforwomenseekingequaltreatmenttomenintheworkplace.Yetthereisstillgender discriminationapparentintoday'sworkforce.

ThepeopleintheUnitedStatesaswellasmanyothercountries

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BusinessMajorResearchPaper

Businessmajorstudentcommunity

Moneyisapratofpeoplelife,soeverybodywanttomakemoreandmoremoneythatcould improvepeoplelifequality.Hence,peopleproduceaspecialmajorthatnameisbusiness.In addition,manypeoplestudybusinessthatmeansproductionacommunity,sobusinesscommunityis aspecialcommunitybecausetheyhaveadifferenceothercommunitiesfeatureEventhough,math majorissimilarwithbusinessmajortheyhavealittledifferencethatcausetheyhaveadifference acting,thinking,valuing,talkinganddressing.

Whenpeoplebecometogointoacommunitythememberofcommunitythinkingwouldinfluence them.Alsothesethinkingareacommunitysymbolbecausethethinkingisauniquesignthat representsthecommunitydifferentwithothercommunities.Therefore,peopleacting,thinking, valuing,talking,dressingcouldrepresenttheircommunity.RealIndiansconversationpermitthe speakeroraudiencetokeepsilencebecausethesilenceisthepartofadiscussionthatisarealIndian peopleparticularthinkingpattern(Paul)Alsobusinessmajorstudenthaveasometheirunique thinkingeventhoughthesethinkingarenotobviousness.Marksaid"businessmajorstudenthavea specialacting,buttheseactingbelongtotheirsubconscious."(Mark).Markisabusinessmajor studentinUniversityofOklahoma.Inhisview,businessmajorstudentcareaboutnumberbecause intheirclass,theyalwaysusesomenumbertomakemodelthatcouldanalyzetheeconomic structureHence,businessmajorstudentwouldbesensitivenessaboutshowmorecontent Inaddition,thebusinessmajorstudentusetheiractingandthinkingtodistinguishother communities.Hence,communityisaparticulargroupthatcannotbereplacedbyother

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Today'sworldofrapidincreaseinandexpansionoftechnologyisthereasonsforrecent InternationalBusinessgrowth.Therapidgrowthininternationalbusinessmakesanunderstanding oforganizationalbehaviorallthemoreimportantforcontemporarymanagers.Businesseshave expandedinternationallytoincreasetheirmarketshare,asthedomesticmarketsweretoosmallto sustaingrowthBusinesstransactionsarealsobecomingincreasingblurredacrossnational boundaries.

Companiesengageininternationalbusinesstoexpandsales,acquireresources,diversifytheir sourcesofsalesandsupplies,andminimizecompetitiveriskWhenoperatingabroad,companies mayhavetoadjusttheirusualmethodsofcarryingonbusiness.Thisis...showmorecontent...

Whendealingwithinternationalfinance,riskiscalculatedinmanydifferentareas.Here,Iwill discussthefinancialrisksassociatedwithinternationalbusiness,withanemphasisontheriskof foreignexchangerates.CountryRiskWhenabusinessdecidestobecomeaninternationaltrader, onetypeofriskthatmustbeexaminedisthecountryriskWhenacompanyacceptsorapproves credittoaforeigncustomer,theyarenotonlyassumingtheforeigncompany'srisk,butalsothe country'srisk.Countryriskanalysismeansdeterminingthecountrycredit–worthiness.Intermsof theabilityandwillingnessofaforeigngovernmenttomakeavailabletolocalcompaniesforeign exchangenecessarytoservicetheirforeigncurrencydenominatedobligationsordebtstoforeign suppliers(wwwbcfmcom/financialmanager/szabo%20internationalfm98htm)

MitigationofCountryRisk

Onewayacompanycanhelptomitigatecountryriskisbyfullyresearchingtheforeigncountry theywishtodobusinesswithThisisaccomplishedbyconductingacountryriskassessmentThis assessmenttakesintoconsiderationtheprobabilityofcreditlossordelayedpayment,andusesthe resultstodetermineifthecorporationwillextendcreditwiththeforeignbusiness.Foreign ExchangeRisksForeignexchangerisksareoftentheresultofcountryrisks.Foreignexchangerisks canbedefinedastheabilityandwillingnessofthe

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BusinessCulture

Businesscultureistheoverallrunningofthecompanytherearemanytypesofbusinesscultureand thetypeofbusinesscultureresemblesthetypeofmanagement.Therearefourmaintypesof businessculture,theyare:

PowerCulture=============

Thisisthecentralisationofpower.Thistypeofcultureisusuallyfoundinsmallorganisationswhere controlrestswithasingleindividualorasmallgroupofpeople.Thecompanyspreadsoutfromthe singlecentralfigure.Theadvantagetothistypeofstructureisthatdecisionscanbemadevery quickly;thismakesthecompanyveryversatile.Adisadvantagetothistypeofstructureisthatitis veryautocraticshowmorecontent

Thehigheranemployeeisinthecompanythemoredecisionstheycanmake.Thismeansthatthis typeofculturecanmotivatecertainemployeesbutcanhaveanegativeeffectonotheremployees dependingontheemployeesinthecompany.

TaskCulture

Taskcultureisoneoftheyoungesttypesofbusinessculture,itstartedtobecomeveryimportantin thefirstdecadeofthetwentyfirstcenturyThisiswhereemployeestoworkinteamstocompletea task,thistypeofculturefitsinwellwithademocraticstyleofmanagement.Thecompanygivesthe employeesalotmorerespectunderthistypeofculture,whichhelpsmotivatethem,another motivatoristhatthisstyleofcultureallowstheemployeesalotofautonomy.Employeesare encouragedtotakeonmoreofachallengetask.Theemployee'sviewsareoftenlistenedtoand takenintoaccount,tohelpachievethebestoveralloutput

Withthistypeofculturetheemployeeswouldneedtrainingtobegivenamoreinfluentialrolein thecompany,thismaycostthecompanymoney,whichmaynotprovebeneficial

PersonCulture

Thistypeofcultureisusuallyusedinnon–profitorganisations;thepeopletheyarehelpingarethe centralfiguresinthecompanyHierarchiesdonotexist,peoplecannotbemadetoleavethe company.Withthistypeofculturethe ...Getmorecontent...

BusinessForecast

ThisPaperexaminesandcomparesvariousforecastingtechniquesusedforqualitativeand quantitativebusinessforecastingandtheiruseinFirstlogicInc.,toforecastthedemandunder conditionsofuncertaintyTimeseriesandDelphiforecastingmethodsareconsideredforthis researchtoevaluatetheirabilitytomakeeffectivedecisionsregardingthefuture.

BusinessForecasting

Businessforecastingistheprocessofstudyinghistoricalperformanceforthepurposeofusingthe knowledgegainedtoprojectfuturebusinessconditionssothatdecisionscanbemadetodaythatwill aidintheachievementofestablishedgoals.Forecastingplaysacrucialroleintoday'suncertain globalmarketplace.Forecastingis...showmorecontent...

Itisinthesesituationsthatmodernmethodsofbusinessforecastingcanbeespeciallyuseful Modernforecastingmethodsareusuallygroupedintotwomaincategories:qualitativemethods,and quantitativemethods.Qualitativeanalysisincludestheintuitiveandknowledge–basedapproachas discussedearlier.Thedecisionmakerreviewsalloftheinformationavailable,andthenmakesan estimatedforecast.Quantitativetechniquesareusedmostlywhenqualitativeinformationisnot availableIncontrast,qualitativetechniquesarebasedonananalysisofdata(Namvar,2000,p8)

DelphiForecastingMethod

Qualitativeforecastingtechniquesare:executivecommittee,theDelphimethod,andsurveysofthe salesforce,surveysofcustomers,historicalanalogy,andmarketresearch.Theobjectiveofmost Delphiapplicationsisthereliableandcreativeexplorationofideasortheproductionofsuitable informationfordecision–making.TheDelphiMethodisbasedonastructuredprocessforcollecting anddistillingknowledgefromagroupofexpertsbymeansofaseriesofquestionnairesinterspersed withcontrolledopinionfeedback(chase,2003,P471)

TheDelphimethodisavariationoftheexecutivecommitteeapproach.Buttheinteractionis indirect,iterativeandstructuredThebasicpremiseofDelphimethodistoidentifyagroupof expertsandeachofthemaregivenasetofquestionsorissues,

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Sincethemotto"DoingWellByDoingGood"appeared,thenumberofbusinessesthathave adoptedithasincreasedovertime.Inordertotellwhetherthisincreaseissubstantialandsignificant wemustfirstanalyzethestepsintowhichthismottohasgonethrough.Theimplicationsithason themarketandeconomyasawholewillalsobedeterminantsofwhethertoadoptthemottoornot. Intheessaybelowwewillgothroughtheevolutionofthemeaningofthemotto,theconceptof socialresponsibility,thesupporters'argumentandtheircons.

Thedebateisdividedintwocamps.Thesupportersofthefirstideaclaimthatbydoinggood business,theeconomyasawholebenefitswithouttheneedtodonateorcontributeindistinct ways...showmorecontent...

ListeningtoBillGates'speechattheDevonAnnualMeeting,WorldEconomicForum2008, remindedmeofthesamesituation;thistimethesocialresponsibilitywhichwasbeingtalkedabout waswiderasaconceptthanjusttheideaofconvincingmyclassmatesthattheplacedwelivedin couldbebetterObviouslywhenitcomestoeconomicsandreferringtotheworldasamechanism thatneedstobeimprovedsothateventheleastfortunatecanbenefitfromit,themissionbecomes moredifficultastheconceptitselfofsocialresponsibilityevolves.

InmanyeconomicscoursesIhavetakensofarsuchas:PrinciplesofMacroeconomics,Intermediate Macroeconomics,InternationalTrade,orMoneyandBanking,profitmaximisinghasalwaysbeen definedasabusiness'mainreasonofexistenceBydoinggoodinthemarket,shareholdersincrease theirprofitsanditistheirchoicewhethertoinvestpartofthoseprofitsininvestingfurtherforthe businessitselforspendthemonothercauses.Thisisalsothepointwherethedebatestarts. Dependingonthedifferentperceptionsonsocialresponsibilityandbasedonwhatabusiness'aimis, thewaytheycontributetothesocietyisseeninthetwoaspectsmentionedabove.

In"TheWealthofNations"AdamSmithwouldmention"itisnotfromthebenevolenceofthe butcher,thebrewer,orthebaker,thatwe

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AGoodBusinessWhatthecharacteristicsofagoodbusinesslookslike?

Thebasicelementofagoodbusinessisderivedfromgoodmanagement.Itistruesincebusinessis runbyindividualsknownasmanagersthatperformspecificbusinessfunctions,suchas manufacturingandproduction,financeandaccounting,salesandmarketing,andhumanresource departments.Identifyingagoodbusinessisnotaneasyjob;anunderstandingofManagerial Economicsisneededbecauseitprovidessometools,techniquesofanalysisandEconomicconcepts tomakegoodmanagerialdecisionsThepurposeofthispaperistoidentifysomecharacteristicsofa goodbusinessandlistnamesofthecompanieshavingthesecertaincharacteristics.

Mostofshowmorecontent

Whenafirm'ssalesreachitspeak,itworksasasignalthatnewfirmsstarttoenterthemarketsand thefirm'ssalesandprofitwillstarttodeclineInthiscase,theroleofmanagementisveryessential Thefirmhastomanageitsexpansionplan,suchaslaunchnewproductsandentranceanewmarket inordertocompetewithitscompetitors.

Themostcommonandusefulmeasurementofagoodbusinessisbycalculatingitsprofitthrough returnonstockholder'sequity(ROE)ROEshowshowmuchreturnthatstockholdershaveearned onthecapitalthathavebeeninvestedbystockholdersintoabusiness.NetIncomeROE=

Stockholder'sEquity

Highratesofreturnonstockholder'sequityindicateagoodbusinessperformanceandalsohigh growthrateofsales.

Besidessteadygrowthofsalesandhighratesofreturnonequity,agoodbusinessmustalsohave strongbrandequityItisimportantforafirmtocreateanimageofitsproductsonbuyer'smindso thatbuyersbecomeloyaltothefirm'sbrand.Strongbrandequityalsogenerateshigherprofitsince consumerswanttopaymorebecauseofthereputationthattheproducthave;moreover,itworksasa powerfuldefenseagainstnew

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BusinessTripDefinitionBusinesstripisatripforworkorbusinesspurposesorajourneymade somewhereandbackagainforbusinesspurposesinone'sworkingcapacity.BenefitofTraveling ForBusiness1.FindinganewdestinationInthebusinessworldyoudefinitelyhaveagoaltofind newplacesandinteractionwithnewpeoplethenyouwillfindnewgoalstomakeyourcompany better2ExperiencingNewPlacesBusinesstravelspendsmostofourtimeonbusinessBut,ona businesstrip,wecanenjoyaleisurelyjourney,andcanenjoyfoodandsightsduringbusinesstrips. Insteadofaboringbusinesstrip,yougetachancetoimmerseyourselfinthecultureoftheplace youvisit3MeetNewPeopleWhentravelingonbusiness,weshowmorecontent

MakeitFunEvenifyouaren'theadedtoabeachsidecityormajormetropolis,worktripsdon'thave tobetotalsnooze–fests.Everydestination,nomatterhowsmall,hassomethingtokeepyouand yourco–workersentertained.5.KeepSmilingAskanyexperiencedtravelerfortips,andthey'll probablymentionthebenefitsofhavingapositiveattitude.Flightcancelled?Accidentallyreservea SmartCarinsteadofarentalvan?Insteadofhavingameltdown,trytocalmlylookforwaysto solvetheproblem.Anticipatethattheremightbeafewdelaysoruncomfortablemomentsduring yourjourney,andresolvenottoletthemgettoyou.Attitudesareinfectious,andagoodoneora badonecansetthetoneforeveryoneonyourtrip.Plus,notonlywillyourpositiveattitudeimpress yourco–workers,it'llincreaseyourchancesofgettinganupgrade.ThingYouMustCarryOnYour BusinessTrip1BusinessCardBusinesscardsareveryimportantwhenwemeetwithotherpeople onabusinessflight.Prepareenoughbusinesscardssowedonotrunoutofbusinesscardswhen conductingbusiness

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THEIMPORTANCEOFWRITINGSKILLSINBUSINESSCOMMUNICATIONS: HOWANDWHYTOIMPROVEEMPLOYEES'WRITING

Abstract

Thisessaydescribeshowpoorlywrittencommunicationcanleadtomisunderstandinganda possiblelossofbusiness.Throughthispapertheauthorwantstopersuadetheemployertosponsora workshopforallemployeestoimprovetheirwritingskills,toincreasebusinesscommunicationsand toavoidargumentsthroughpoorcommunicationThispaperdemonstratestheeffectivenessof writingskillsandwhybusinesscommunicationisimportantinanykindofbusiness.Whatcanyour businessachievewithgoodwritingskillsandwhatittheimpactofgoodwritingskillsonbusiness.

THEIMPORTANCEOFWRITINGSKILLSIN...showmorecontent...

Successinanybusinessdependsononething:theabilityandknowledgetocommunicateThe knowledgeofgoodbusinesswritingisaveryimportantfactorandpartofourday–to–daybusiness. Wehavetounderstandandtakesometimeinwritingbusinessletters.Itwillrequirealittleplanning andsomethought,butforthecompany,itcanmakethedifferencebetweensuccessfulandfailed businessdeals.Wemustnotforgetthatouraimistobuildalastingrelationshipwithourinternal andexternalclients

Somepeoplesaythatwritingisthemostimportantwaytoconductbusiness.Businesswritingcan illuminate,clarify,andspecify;itshouldalsocommunicateandconvincepeopletodobusinesswith acompanyAgoodbusinesslettershouldbefriendlyandapproachablewithsimplewords,inshort sentencesandbriefparagraphs.Ifwestarttowritebusinessletterslikethis,therewillbeahigher possibilitythatthelettersandmemosareactuallyread.

Wehavetoteachouremployeesthatitisimportantinbusinesswritingthatcorrespondenceshould notbetoooverstated,buttothepoint,andweshouldnotkeeprepeatingourselves.Weshouldnot writeabouthowluckytheclientwillbeifhe/shewouldcontinuetoworkwiththecompanyThe writingshouldconveyandcommunicatethepositiveinfluenceontheclientandmakethepoint aboutwhatthecompanycandofortheclient.Wehaveseen

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Businessplaysamajorrolewithinoursociety.Itisacreativeandcompetitiveactivitythat continuouslycontributestotheshapingofoursociety.Bysatisfyingtheneedsandwantspeople cannotsatisfythemselves,businessesimprovethequalityoflifeforpeopleandcreateahigher standardofliving.

Itisawayforindividualstoprovidegoodsandservicestoconsumers,andatthesametime,produce aprofitforthemselves.Businessesarenotonlyimportantbecausetheyprovidegoodsandservices forconsumers,buttheyalsoimprovetheeconomyandincreasejobsforpeoplewithinsocietywhich isanadditionalfactproducingahigherstandardofliving.Tomeasureoursocietiesstandard of...showmorecontent...

InternationaltradedeficitsoccurwhenanationimportsmorethenitexportsTheDeclineof SmokestackAmericaiswhenthereisachangefromanindustrialtoapost–industrialeconomy. Finally,theconservationofenergyissothatthereareasufficientamountofnaturalresources necessarytoproducegoods.Generaleconomicgrowthorstagnationalsohasanimportantinfluence onbusinesswithinoursociety.Manyfactorscanaffectit'scondition,suchaswar,newinventions andtechnology,politicalassassinations,thediscoveryofphysicalandnaturalresources,labor negotiations,governmentaction,andmanyothers.Whentheeconomyisstrongandthedemandis high,businessescanprosper.Regardlessofhowgreattheeconomymaybecome,businessesstill mustcompetewithotherfirmsforscarcerawmaterialsandlabor

Abusinessesenvironmentcreatesmanyopportunitiesaswellasproblemsforprosperingbusinesses. Theenvironmentdetermineswhatabusinesscandobyshapingandchannelingitsdevelopment. Businessesfunctionwithinanenvironmentbyallowingentrepreneurstoraisecapitalandcreate profitsfreelyThesupplyofmoneyavailablewithinabusinessaswellastheeconomicstability throughtimesofgrowthandrecessionhavestrongeffectsonbusinesses.Notonlyisthephysical environment,includingnaturalresources,pollutionandenergyasdiscussedpreviously,important, butmanyother

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Startinganewbusinessrequiresaconsiderableamountofpreparation.Financially,thereisalarge investmenttoopeningastore,especiallyinthefoodindustry.Apizzaplacerequiresabuilding, utilities,remodelling,seating,storage,inventory,employees,andsigns.Oncecalculatedtogether, thefinancialobligationcanbesubstantial.

Inordertodeterminethefinancialrequirementsofastartupbusiness,apersonmustconsiderwhatis necessarytodoanyworkintheindustryyouareapartof.First,Iwillneedabuilding.TheamountI spendwillbedependentoflocationandsize.Alocationinadowntownareawillusuallycostmore thansomewhereontheoutskirtsofasuburbantownThedowntownareaissurroundedby enormous...showmorecontent...

IfIchoose,Imayalsoneedtopurchaseacardreadingmachine,soIcantakeanotherformof payment.Tobeadine–inpizzaplace,Iwouldneedtablesandchairs.Theamountofthesedepend onthesizeofthebuildingIchose,andthestylewilldependonthetheme.Anyadditionaldecorwill alsodependonmytheme,whichcouldberetroormodern

Afterpurchasingthebuilding,remodeling,andfillingthestore,Imustnowbuyinventory.Iwill needitemsfordough,tomatosauce,cheeses,andmanytoppingssuchasmeat,peppers,pineapples, etc.Iwillalsoneedboxesandextrasaucesincludingmarinara,garlic,ranch,andotherpackets. WhenImodeledthekitchen,storageareaswerehiddenundercounters,andtherewererefrigerators forchilledandfrozengoodsIwoulduseaphysicalinventorysystemuntilIcouldlateraffordthe softwareforaperpetualsystem.Thiswillsavesomemoneyinthestartup.NowthatIhaveallthe ingredientsofastore,Ineedtohireemployees.Iwillneedcooks,cashiers,servers,anddrivers.I willcrosstrainemployeestomovefromcashierstoserversIwillalsoneedasigntohangoutside ofthelocation,andasignwithourstorehours.Afterhangingthesigns,IwillcreateaFacebook pageaboutthebusiness,listingitshours,events,andlocation.

Inordertostartapizzabusiness,thefinancialrequirementsseemextensive.Therearemany depositstobemade,andthecostaddsupveryquickly.Sincea

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BusinessManagementEssays

BusinessManagementTheworldofbusinesshasundergoneradicalanddramaticchangesinthelast decadechangesthatpresentextraordinarychallengesforthecontemporarymanager.Amanageris anorganizationalmemberwhoisresponsibleforplanning,organizing,leading,andcontrollingthe activitiesoftheorganizationsothatthegoalscanbeachieved.Accordingtoawidelyreferenced studybyHenryMintzberg,managersservethreeprimaryroles:interpersonal,informational,and decision–making.Managementisprocessofadministratingandcoordinatingresourceseffectively andefficientlyinanefforttoachievethegoalsoftheorganization.Theconceptofmanagement withinanorganizationtypicallyoccursinanshowmorecontent

Controllingismonitoringtheperformanceoftheorganization,identifyingdeviationsbetween plannedandactualresults,andtakingcorrectiveactionwhennecessary.Withallthesefour functionsthatareinvolvedintheprocessofmanagement,ifallarefollowedcorrectlythe organizationwillbeproperlyranandwillhavefewcomplications.Ineveryorganizationthereare managers,andeverymanagerisclassedondifferentlevelsintermsoftheskillstheyneedandthe activitiestheyareinvolvedin.Managersexistatvariouslevelsintheorganizationhierarchy.A smallorganizationmayhaveonelayerofmanagement,whereasalargeorganizationmayhave several.Inmostorganizationstherearethreelevelofmanagers.Thethreelevelofmanagersare, firstlinemanager,middlemanager,andfinallythetop–levelmanager.Managersatdifferentjob levelshavedifferentjobresponsibilitiesandthereforrequiredifferentskillsFirst–linemanagers supervisetheindividualswhoaredirectlyresponsibleforproducingtheorganization'sproductor deliveringitsservice.Theycarrytitlessuchasproductionsupervisor,linemanager,sectionchief,or accountmanagerFirst–linemanagersalongwithalltheothermanagersareinvolvedinthreeskills conceptual,human,andtechnical.Ineachthreedifferentlevelsofmanagement,eachoneofthese

MyBusinessIdea

InmycourseworkIintendtostartmyownbusiness.Iwilldevisemyownbusinessplanwhich outlinesmybusinessproposalandthekeyaspects,duringthisIwillneedtoseekgoodbusiness adviceonthenecessarystepsIwillhavetomakeAsIgothroughthecourseworkIwillshow evidence,examplesandexplainhowbusinessesaresetup,whattypesofbusinessesthereareand theirsimilarities,thekindoftargetsbusinessessetforthemselvesandalsothedifferentobjectivesof differentstakeholdersFormybusinessIplantoselltoysandothergameproductsthateducate youngchildrenundertheageof11.

Startingupabusinessisdifficultandrisky.Anyonesettingupneedstoconsider:

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Mostpeoplethoughhavetoresearchtheirproduct.Businessesalsohavetodecidehowtheproduct istobemade.

Finance

Nobusinessescanbesetupwithoutfinance.Mostpeoplewhostarttheirownbusiness underestimatetheamountofmoneytheywillneedtosetupTheyareoftenUNCAPITALISEDand thiscausesproblemsasthebusinessexpands.Somebusinesseshavethepotentialtobehighly profitablebutfailbecausetheyrunoutofcashatacrucialearlystageinthelifeofthebusiness.So itisveryimportanttoworkouthowmuchmoneyisneededtostartthebusinessandtoidentify wherethemoneywillcomefrom.

Identifyingthesourcesofhelp

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Mostnewbusinessesdonnotsurviveformorethanthreeyearsoftrading.However,theirchanceof successismuchgreaterifthosesettingupthebusinesshavereceivedhelpfromexpertsbeforethe launch.ManynewbusinessesturntoBusinessLinkortotheirlocal

TEC.Theycanidentifyanygrants,loansorbenefitsthatareavailablefromgovernmentorfrom bodieslikethePrince'sTrustTheycanalsoorganisetraininginsettingupsmallbusinessesthatis sooftenvitaltothesurvivalofthebusiness.

2040MGTBusinessCommunicationReflectiveEssayStudentName:KEPENG(Kiki)StudentID:

PEKED1002Tutor:AnitaChardWordCount:1544Duedate:10/05/2012(Week10)

Communicationisamutualexchangeofunderstanding.Businesscommunicationismoreformal thanordinaryinterpersonalinteraction,whichisregulatedbycertainnormandorientedbygoals (Schoop,Köhne,&Ostertag,2010)ThroughlearningtheBusinessCommunicationcourse,Ihad understoodvariouscommunicationconceptsandtheories.Additionally,Ihavefurtherdevelopedmy understandingofinterpersonalandintrapersonaldynamicsthroughapplyingconceptsintopractical groupworkOnonehand,interpersonalcommunicationcaninvolveshowmorecontent

Lowlevelofinterpersonaltrustandnegativeinteractionareconsideredtobetheattributesof Internetcommunication(Fawkes&Gregory,2010;Leeetal.,2011).AccordingtoGerpott(2010), Internetcommunicationisnotonlyseparatespeoplefromphysicaldistance,butalsopsychological connections.Mayer(2010)addsthatconfrontationalexpressionanddisagreementcanbeoftenseen fromInternetcommunicationHowever,thisdoesnotfullyapplytoourcircumstanceAlthough therearesomenegativeimpactsofpurelyrelyingonInternetcommunication,bymeetingpace–to–pacepurposefully,thenegativeinfluencecanbemitigated(Forrester&Tashchian,2010).Inthe groupwork,theInternetcommunicationwasonlythealternativetousandwestartedtoformthe groupasclassmateswhomeeteachotherdaily.GroupworkisdefinedbyJudeh(2011),anumberof peoplehavetheirmotivesmixedandworkcollaborativelytoachievecommongoalsCooperative andcompetitiveformsareoftendetectedintermsofgroupworkinterdependence(Riebe,Roepen, Santarelli&Marchioro,2010).Improvedcommunication,highproductivityandwillingnessof participatingareoftenobservedfromcooperativeinterdependencewhereascommunicating deadlocks,aggressivenessandcompetitionareoftenfoundincompetitiveinterdependence (Forrester&Tashchian,2010).Noticeably,thecooperativenesswasthespiritforthegroupandwe

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StartingandRunningaBusinessDespitebeinganintimidatingprospectformostpeople,thereare millionsofentrepreneursintheUS.Someofthemturnouttobeverysuccessful,others,notso much.Therearemanystepstostartingandrunningabusiness,butmanyofthemcanbeeasily accomplishedsimplybyfillingoutsomeforms,andseveralsmallfees.Businesseshavebeenaround sincethebeginningofbartering,anappleforsomewheat,ahorseforawife,adaughterforahouse (InnowayreflectingwhatIwouldtrade)Thestartupsofbusinessesacrosstimehavenevercome easy,fromcost,tohassle,tothreatofbeheading;therehavealwaysbeenobstaclesinstartinga businessOneofthehardestpartsofbeinganshowmorecontent

Thisisidealformostpeoplewhowanttostartabusinessandkeeptheirhomeifsomethinggoes wrong.Thelargestareaapermitisgoodforisonecounty.Ifonewishestooperateoutsidethe countythelicensewasissuedin,theywouldhavetogetalicensefromthatspecificcounty.The mostimportantthingisstartingabusinessishavingabusinessplan.Thisistheonlywayanybank willapproveyouforabusinessloan[1]Withoutthisbusinessplan,thebankhasnowaytoanalyze thebusiness'sperformancethusfar.TheSBAoffersatemplateforhowtolayoutabusinessplan. Thefollowingishowagoodbusinesstemplateshouldbeformatted(fromSBA.gov).

WritingthePlan

Whatgoesinabusinessplan?Thebodycanbedividedintofourdistinctsections:

Agendashouldincludeanexecutivesummary,supportingdocuments,andfinancialprojections. Althoughthereisnosingleformulafordevelopingabusinessplan,someelementsarecommonto allbusinessplansTheyaresummarizedinthefollowingoutline:

Businessenterpriseisrapidlyturningouttobeincreasinglyprominentasmoreindividualsare hopingtopickupatouchofopportunityfromtheirvocation,ratherthanworkingforaconventional businessororganisation,numerousindividualsarestretchingoutintotheuniverseofenterpriseand turningintotheirownparticularsupervisor.(Sedlar,2015)Anentrepreneurbeginstheirown particularbusinessandbenefitsfromit,asbusinessvisionaries,theyarepioneers,willingtotake risksandproducenewthoughtstomakeremarkableandpossiblybeneficialanswersforcuttingedge issues.Thisdevelopmentmaybringaboutnewassociationsorrejuvenatematureassociations becauseofanapparentopportunityEntrepreneurialexercisescontrastconsiderablyrelyinguponthe sortofassociationandinventivenessincluded.(Sedlar,2015)Businessenterpriserangesinscale fromsolotasksthatcanevenincludetheentrepreneurworkingjustpart–time,tosignificant endeavoursthatmakenumerousopeningsforwork,afewhigh–esteementrepreneurialendeavours lookforinvestmenttoraisecapitalforbuildingthebusiness.

However,intheUK,unemploymentincrementsinaretreatthataredrivenbyascendsinthe partitionrate.Anotherdeteriorationofunemploymentflowisconceivedthatdoesnotoblige unemploymenttobeinrelentlessstateatalltimes.(Entis,2015)Thisiscriticalonthegroundsthat lowUKadjustmentrates,suggestsignificantdeviationofunemployment

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