User Account

All Pages

Foundation for the business environment

Assignment Help Business Management
Reference no: EM131209767

In this module, we learned about the importance of how entrepreneurs must utilize management skills in organizing and running their business. You will explore several areas in this assignment including how entrepreneurship relates to you as a manager, and the types of decisions you would need to make if starting your own business.

In order to determine where your strengths and weaknesses fall, complete the following:

Complete the Entrepreneurial Personality Worksheet (pdf). Based on the results, relate your strong and weak areas to management. How will you use your strengths as a manager? How will your weaknesses play as a manager? Support your answers.

https://bbaddins.schoolcraft.edu/addins/bus217v2/docs/Mod05_Personality.pdf

  1. Next, assume that you are interested in starting your own business. You will need to explore the strategy your business would use, as well as a structure. To do this, use the following resources to learn about starting a business. Your assignment should include exploration on business strategy and structure, which both form the foundation for the business environment.
  2. In your research, include the following elements:
    • What type of business you are interested in?
    • Whatindustryis it part of?
    • What will/does your business do really well?
    • What types of products and services will/do they provide?
    • Will you start a business from scratch or purchase an existing one?
    • The environment could include factors such astrends in small business,start-ups,governmental regulation, public preferences and perceptions, andpotential for failure. How could these factors impact the success or failure of the business?
    • Also, which of the reasons for failure outlined in the chapter could be an area of concern for your business? Why or why not?
  3. Based on your review of theSmall Business Administration"Managing a Business" section, choose at least two resources and explain why they would be helpful to your efforts to start and/or manage your own small business.

Reference no: EM131209767

Questions Cloud

Noticeable competitive advantage : Select an organization that once had a noticeable competitive advantage and lost it to a competitor, new industry, or new product. Analyze and think about the competitive advantage and answer the following questions:
Alternative problem related to their spaceconstraints : The Mathers have settled on "How do we get a betterhome" as their problem to solve Identify an alternative problem related to their spaceconstraints that they could choose (remembering Sage'scriteria for problems).
Why is effective and frequent communication : Why is effective and frequent communication so critical to a successful change effort? Describe either a good or a bad example of this from your organization or one that you have studied. Describe how the communication affected the various stakeho..
Lower customer defections : You observe the following condition "Our female sales representatives have lower customer defections than do our males representatives"
Foundation for the business environment : Next, assume that you are interested in starting your own business. You will need to explore the strategy your business would use, as well as a structure. To do this, use the following resources to learn about starting a business. Your assignment ..
Where do you see unique expectations within christianity : Christianity does not seek to exclude. The movement invites all people. However certain expectations get enforced from all invitees. - Where do you see unique expectations within Christianity?
Part of to practice medicine : If you were a physician, which type of practice would you like to be part of to practice medicine (e.g., staff model, group model, IPA, PPO, ...)? What reasons would you have? Why do these features appeal to you?
Describe the role of human resource manager : You have recently assumed the role of Human Resource Manager in your company. In reviewing the Company records, you note that the job descriptions were last updated five years ago.
Describe the three managerial skills : Describe the three managerial skills (conceptual skills, human relation skills, technical skills) and their significances. State two strategies you could use to get better at the skill you would like to work on.

Reviews

Write a Review

Business Management Questions & Answers

  Describe some of the challenges in the integration

1. Write two solid paragraphs with at least one reference to fully answer the following: Describe some of the challenges in the integration of forward and reverse supply chains.

  Different plants to satisfy an unexpected demand

Efferson Smurfit Company is a multi-billion-dollar supplier of packaging materials. One of its salespeople reorganised production schedules at three different plants to satisfy an unexpected demand for boxes from General Electric

  Discuss three tactics aimed at the community

The local cancer society is beginning a community-awareness campaign. The text states that executives are the face of the organization. In your awareness campaign, discuss three tactics aimed at the community that would add to the visibility of yo..

  Identifying and evaluating potential outcomes of negotiation

The aim of the major negotiation exercise assessment is to help the student focus on the latter stages of the negotiation process by identifying and evaluating potential outcomes of a negotiation, demonstrating negotiation skills taught in the cou..

  Personal communications channels

Top Gear is an award-winning British television series about motor vehicles, mainly cars. The show is presented by hosts who test drive new cars and provide reviews on the cars' performance, prices, and other factors. Which of the following person..

  Forecasting cash flows

An investment banker, states it is not worth my while to worry about detailed, long-term forecasts. Instead, I use the following approach when forecasting cash flows beyond three years.

  List the major levels of management

List the major levels of management(management hierarchy) which enables an organisation to meet is goal?

  Explain what aspects of the economy would be affected

Explain savings interest increased enough that we would have greater propensity to save and explain What aspects of the economy would be affected?

  Which method do you feel is the least desirable

Intergroup discussion after reading everyone's first entry: Use your second entry to give your choice for the most desirable, after that you may use as many entries as it takes to come to a conclusion

  Question important system changes were implemented two

question important system changes were implemented two months ago. the changes were well-planned well-designed

  Which of the following is an informational report

Which of the following does NOT accurately describes Chinese interaction with other cultres ?

  Priscilla is a fashion designer and appointed val

Priscilla is a fashion designer and appointed Val to sell her designs. Val also sells fashions created by some 60 other designers. Each week Val sells and average of 1,500 items of clothing to various retailers. The money received from the retailers ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd