SBANC
Small Business Advancement National Center University of Central Arkansas — Conway Arkansas
115H College of Business - University of Central Arkansas - 201 Donaghey Ave. Conway, AR Issue: 800 - January 14th, 2014
Upcoming Conferences ASC
IEDC
ACME
BizStr
SBI
Who: American Society For Competitiveness
Silver Jubilee Year
What: ASC 25th Annual Conf.
Where: Washington, DC Area
Who: International Economic Development Council
Forum
What: Federal Economic Dev.
Where: Washington, D.C.
When: October 16-18, 2014
When: March 23-25, 2014
Who: Association for Collegiate When: March 12-15, 2014 Marketing Educators Where: Dallas, TX What: 41st Annual Meeting
Who: BizStrategy
When: April 28-29, 2014
What: 4th Annual International Conference
Where: Phuket, Thailand
Who: Small Business Institute
Where: Las Vegas, NV
What: 38th Annual Conference When: February 13-15, 2014
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Announcements SBANC
ISBE
AA
ICSB
USASBE
The Small Business Advancement National Center is pleased to tell you that we have revamped our website recently. Also, starting this week our newsletter will be delivered in a new format. ISBE will be hosting this one day event at Ulster Business School, Belfast Campus during March 13, 2014.
Allied Academies will be hosting their Spring 2014 Conference in Nashville, TN during March 26-28, 2014.
ICSB will be hosting their annual conference in Dublin, Ireland during June 11-14, 2014.
USASBE will be hosting their annual conference in Fort Worth, TX during January 9-12, 2014.
Call for Papers ICSB
ITICAM
Who: International Council for Small Business
When: May 22-24, 2014
What: World Conf.
Deadline: April 17, 2014
Who: ITICAM
When: February 13-15, 2014
What: 38th Annual Conference
Where: Las Vegas, NV
Where: Dublin, Ireland
Deadline: December 8, 2014
CCSBE
AABRI
Who: Canadian Council for Small Business
When: May 22-24, 2014
What: 2014 Annual Conference
Deadline: December 20, 2013
Who: BizStrategy
When: April 28-29, 2014
What: 4th Annual International Conference
Where: Phuket, Thailand
Where: Nova Scotia, Canada
Deadline: May 12, 2014
Benefits & Limitations of Planning Some managers believe planning ahead is necessary to accomplish anything, whereas others think planning limits personal and organizational performance. Both opinions have merit, because planning can have both
Tip
of the Week
“Research indicates that planning positively affects a company’s performance.”
advantages and disadvantages.
Goals and plans guide re-
ning helps managers and
Research indicates that
source allocation. Planning
other employees know
planning generally posi-
helps managers decide
what actions they need to
tively affects a company’s
where they need to allocate
take to achieve the goal.
performance. Here are
resources, such as employ-
Goals and plans set a
some reasons why:
ees, money and equipment.
standard of performance.
At Netflix, for example, a
Because planning and goal
goal of having more video
-setting define desired out-
offerings online rather than
comes, they also establish
in DVD format means allo-
performance criteria so
cating more funds for Inter-
mangers can measure
Goals and plans provide a source of motivation and commitment. Planning can reduce uncertainty for employees and clarify what they should accomplish. The lack of a clear goal hampers
net movie rights and
whether things are on- or
spending more of mangers’
off-track. Goals and plans
time developing alliances
provide a standard of as-
with other companies.
sessment.
motivation because
Goals and plans are a
people don’t under-
guide to action. Planning
researchers also think plan-
stand what they’re
focuses attention on spe-
ning can hurt organizational
working toward.
cific targets and directs
performance in some ways.
employee efforts toward
Thus, mangers should under-
important outcomes. Plan-
stand the limitations to plan-
“
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Despite theses benefits, some
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Benefits & Limitations of Planning (Continued) -ning, particularly when the organization is operating in a turbulent environment: Goals and plans can create a false sense of certainty. Having a plan can give managers a false sense that they know what the future will be like. However, all planning is based on assumptions, and managers can’t know what the future holds for their industry
“Benefits of planning include motivation, setting a standard for performance measurement, and determining resource allocation while also serving as a guide to action.” change and uncertainty re-
times squelch creative ide-
quires a degree of flexibil-
as from employees that do
ity. Managers who believe
not fit with predetermined
in “staying the course” will
action plans.
often stick with a faulty plan even when conditions change dramatically.
or for their competi-
Goals and plans can get in
tors, suppliers, and
the way of intuition and
customers.
creativity. Success often
Goals and plans may cause rigidity in a turbulent environment. A related problem is that planning can lock the organization into specific goals, plans, and time frames, which may no longer be appropriate. Managing
“
under conditions of
comes from creativity and intuition, which can be hampered by too much routine planning. For example, during the process of set-
Source: Understanding Management 9th Edition
ting goals in the MBO pro-
Richard L. Daft &
cess described earlier, em-
Dorothy Marcic
ployees might play it safe to achieve objectives rather than offer creative ideas. Similarly, managers some-
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Cengage Learning Page 192 Copyright 2015
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�
In preparing for battle, I have always found that plans are useless, but planning is indispensable. - D wi g h t D . E i s e n h o w e r
Feature Paper
SBANC Staff Director Dr. Don B. Bradley III
Development Intern Joshua Tucker
Moving Entrepreneurship Education Online
Development Intern James Vire
This paper was written by Cesar Bandera, Katia Passerini New Jersey Institute of Technology School of Management Newark, New Jersey, USA. The paper was presented at the 2013 ICSB National Conference .
Abstract Information and communication technology is fundamentally transforming education from a face-to-face synchronous experience to an online and asynchronous one. These changes are not new. The move from faceto-face to online learning has been slow and steady for a long-time, raising many questions on the value and efficacy of the computer-mediated experience. Nowadays, the pace of innovation is much quicker. Today’s educational environments are supported by mobile apps and tablets; tomorrow, they will be supported by gaming, gesture-based computing, voice-driven instructions (and assignments). This is a positive trend, but it will force academic institutions to adapt quickly in order to be able to deliver significant value to graduates who will need to excel in fast-paced work environments. In this paper, we describe pedagogical approaches geared towards exploiting these fast technological changes to support the classroom learning experience in the context of entrepreneurship courses.
Comments? The Small Business Advancement National has recently made immense changes to the layout of its website, SBAER.UCA.EDU, as well as its Newsletter. We welcome constructive criticism, comments, and of course, all questions throughout this transition.
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SBANC@UCA.EDU Phone: 1 (501) 450-5300 Mail: UCA Box 5018 201 Donaghey Avenue Conway, AR 72035-0001
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