http://businessdictionary.com‚ "The capacity and willingness to develop‚ organize and manage a business venture along with any of its risks in order to make a profit." As a business management student‚ I understand the idea of business itself. In my opinion; risk‚ capital‚ innovation‚ and proper management‚ are the four key factors that makes up entrepreneurship. Of course‚ if an entrepreneur lacks‚ at least‚ one of those‚ his business has a high probability of crumbling down into the ground sooner or later. There
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location can be utilized successfully to attract customers in a saturated market and against intensified competition. Customer loyalty leads to higher customer retention rate and to continuous business success even in situations where failure to satisfy customers would normally cause an early termination of business. Therefore the restaurant operation must focus not only on attracting first-time customers but also on developing long term relationship with customers. Customer loyalty allows increased price
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BUSINESS ASSOCIATIONS OUTLINE I. Overview A. Major Course Themes i. Authority – what is corporation legally empowered to do and at what point is a corporation overstepping its bounds? ii. Responsibility – once authority has been established‚ what are the limitations of that authority – what is the duty of care? iii. Liability – what actions should directors take to insulate themselves and when can they be held liable for breaching duty of
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DEVELOP AND IMPLEMENT A BUSINESS PLAN [Analyze a business plan] RAJU NIROULA UIC00664 Assessment 1 Table of Contents Table of Contents 2 Business plan 1: 3 Quality Training 3 Critical Analysis of the strengths and weaknesses of the business plan 3 Strengths of Quality Training: 3 threats: 3 Analysis of the strengths and weaknesses: 3 Personal contacts: 4 Business plan 2: 5 Workout gym business Plan 5 Sport therapy business plan 5 Workout gym
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Elements of a Business Plan 1. Cover sheet 2. Executive summary (statement of the business purpose) 3. Table of contents 4. Body of the document A. Business 1. Description of business 2. Marketing 3. Competition 4. Operating procedures 5. Personnel 6. Business insurance B. Financial data 1. Loan applications 2. Capital equipment and supply list 3. Balance sheet 4. Breakeven analysis 5. Profit and loss statements 6. Three-year summary 7. Detail by month‚ first year 8. Detail by
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Chapter 1: Key concepts in business and professional ethics [Unit 1: Introduction to Business Ethics Unit 1: Introduction to Business Ethics Ethics and Values] * Values = what is good and desirable? * People do not share the same values * Values are influenced by……… Moral dilemmas…….. EXAMPLE A brilliant transplant surgeon has five patients‚ each in need of a different organ‚ each of whom will die without that organ. Unfortunately‚ there are no organs available to perform any of
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deposits‚ it would be difficult to continue to produce and grow in any business. Secondly‚ capital goods are essential to a business to produce goods and services. They include machines‚ buildings‚ information‚ technology‚ etc. Capital goods will never stop being in demand as long as businesses are around. Thirdly‚ human resources are necessary for the knowledge and development of people in the workplace. Today‚ technology makes learning and working more simplified. The last factor of production is
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J. & Wild‚ K.L.‚ (2012). International Business: The Challenges of Globalization (Global Edition)‚ 6th Edition‚ Pearson Education Limited‚ U.K 1. Describe the process of globalization and how it affects markets and production. 2. Identify the two forces causing globalization to increase. 3. Summarize the evidence for each main argument in the globalization debate. 4. Identify the types of companies that participate in international business. 5. Myths that keep small firms from going
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Fiduciary Responsibility Shana Bates City University of Seattle Business Ethics Amy Thiele June 20‚ 2014 Introduction This paper discusses in detail the issue of fiduciary responsibility. A fiduciary relationship describes an association in which an individual is vested with the obligation of caring for another person’s rights or property. The fiduciary relationship is supposed to be a very special and confidential association where the fiduciary must be honor-bound to legally accomplish
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A. Executive Summary 4 A1. Business Identification: 4 A2. Mission‚ Goals and Objectives: 4 A3. Keys to Success: 4 B. Company Summary 6 B1. Industry History: 6 B2. Legal Form of Ownership: 7 B3. Location and Facilities: 7 B4: Management Structure: 8 B5. Products and Service: 9 C. Market Analysis 11 C1: Target Market 11 C2: Industry Analysis 11 C3: Competitive Analysis 12 D. Market Strategy 12 D1: 4Ps. 12 D2: Price List- 14 D3: Selling Strategy- 15 D4: Sales Forecast- 17 E. Implementation
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