Study Guide 11.1 Sole Proprietorships Learning Objectives 1. Understand the importance of sole proprietorships in our economy. 2. Explore the advantages presented by doing business as a sole proprietorship. 3. Assess the disadvantages and dangers of doing business as a sole proprietorship. Key Terms And Definitions Angel Investors Affluent individuals (or groups of individuals) who provide capital to start-up and early-stage businesses. Entrepreneur A person who organizes a business and
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SWOT Analysis Environmental Scan of internal and external factors that affect the business. SWOT Strengths‚ Weaknesses‚ Opportunities‚ Threats. Strengths patents‚ strong brand names‚ good reputation‚ cost advantages‚ exclusive access to resources‚ favorable distribution access. Weaknesses lack of patent protection‚ weak brand name‚ poor reputation‚ high cost structure‚ lack of access to resources‚ lack of distribution access. Opportunities unfulfilled customer needs‚ arrival of new technologies
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MGC1 - Principles of Management Course of Study This course supports the assessments for MGC1. The course covers 7 competencies and represents 4 competency units. Introduction In this course‚ you will learn about strategic planning‚ total quality‚ entrepreneurship‚ conflict and change‚ human resource management‚ diversity‚ and organizational structure. All of these topics are descriptive of the working environment managers must learn to oversee. Regardless of how the business environment changes
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On page 152 Pre-assessment questions – 1) What result does the value chain end with? 2) What happens when an effective value chain is created? 3) Skilled management positive cash flow‚ and well known brands are examples of which component of the SWOT analysis? Strengths 4) What denotes skills or expertise in an activity that constitutes the roots of competitiveness in an organization? Core Competencies 5) According to Michael Porter’s competitive environment model‚ how can suppliers
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upper-level information technology management position in business‚ industry‚ and non-profit organizations. MBAITM Understanding the Competency-Based Approach Practically speaking‚ what does it mean when we say that WGU programs are competencybased? Unlike traditional universities‚ WGU does not award degrees based on credit hours or on a certain set of required courses. Instead‚ students earn their degrees by demonstrating their skills‚ knowledge‚ and understanding of important concepts through
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Why I chose WGU for my degree? WGU employs a competency-based model where a student may earn college credits based on their knowledge‚ work experience and skills. In order to speed up your preparation for each course‚ you would typically take a pre-assessment test of a specified domain of competency‚ based on the result of which your mentor would work with you to create a study strategy to prepare you for your final test. This way you would save precious time by not having to study through the entire
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51 terms • WGU 1. A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? Delivery of products or services 2. What happens when an effective value chain is created? Profit margins are increased 3. Industry and market analysis‚ competitor analysis‚ and social analysis are examples of which step in the strategic planning process? Analysis of external opportunities and threats 4. Skilled management‚ positive cash flow‚ and well-known
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I am very interested in becoming a course Mentor‚ IT Security at WGU. I would welcome the opportunity to contribute to the university’s continued success at delivering high-quality advanced education. My experience‚ education‚ and training are well suited to the qualifications expressed in this position and have afforded me a well-rounded set of abilities that include excellent communication and problem solving. I also excel at: • Providing and maintaining expertise in information security •
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Introduction to the Electronic Medical Record (EMR) Introduction to the Electronic Medical Record (EMR) Gary L Williams Western Governors University Introduction to the Electronic Medical Record (EMR) The new millennium has produced many changes in the world as we know it. Our national security which seemed to be impermeable has revealed its vulnerability to being breached. Remember September 11‚ 2001 when the hi-jacking of planes lead to the destruction of the Twin Towers in New
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Gay Marriage: Social Calamity or Long Overdue? Western Governor’s University Abstract There is growing attention to the issue of marriage equality for gay people in this country. As of the writing of this paper‚ 16 of the 50 states in the United States of America have legalized gay marriage‚ either by legislation or by popular vote (Wisniewski‚ 2013). The discourse regarding the issue becomes quite contentious largely because of non-secular ideology
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