Assignment 'Introduction to Business"
Assignment Content | Chapter 1 | First Question | Chapter 2 | Second Question | Chapter 2.1 | Characteristics of “Partnership” | Chapter 3 | Third Question | Chapter 3.1 | Characteristics of “Business Environment” | Chapter 3.2 | Characteristics of “Porter’s Five Forces” |
ADIL ZHAXYLYKOV
TP029709
UCFF1207(G2-T2)
BM004-4-0 ITB
1. What would be the aims and objectives of the business Luke is planning to implement after graduation?
The main aim of the Luke’s business idea is to provide lessons to people especially older people, on how to use the internet and e-mail. He would like to eliminate the “fear” of going back into the workforce among older people and has decided that he will provide hands on experience of the internet. He will show people how to do online searches for information, how to buy products online, and how to use other services available online such as making hotel reservations or holiday bookings. He will also teach people how to create a website and do correspondence online. Luke is going to implement this project by getting a partner because of lack of business knowledge and probably due to lack of sufficient funds.
(125 words)
2. Discuss in detail the form of business ownership that you would recommend for Luke’s new business. Justify your answer.
Luke Chan’s business idea about providing IT lessons for people who are not enough updated with the widespread use of e-mails and other online applications is especially necessary in contemporary “Age of Technologies”. On the other hand, that project supposed to be planned smart and adequately with many aspects to consider for the business to run efficiently. Luke is qualified in Information Technologies and although he knows that his “entrepreneurial spirit” is much alive he needs to get a partner who is confident in Business Management and affairs like that. Also, Luke fears that he might not have sufficient funds to start up. His housemate Eric who will be graduating from
ADIL ZHAXYLYKOV
TP029709
UCFF1207(G2-T2)
BM004-4-0 ITB
1. What would be the aims and objectives of the business Luke is planning to implement after graduation?
The main aim of the Luke’s business idea is to provide lessons to people especially older people, on how to use the internet and e-mail. He would like to eliminate the “fear” of going back into the workforce among older people and has decided that he will provide hands on experience of the internet. He will show people how to do online searches for information, how to buy products online, and how to use other services available online such as making hotel reservations or holiday bookings. He will also teach people how to create a website and do correspondence online. Luke is going to implement this project by getting a partner because of lack of business knowledge and probably due to lack of sufficient funds.
(125 words)
2. Discuss in detail the form of business ownership that you would recommend for Luke’s new business. Justify your answer.
Luke Chan’s business idea about providing IT lessons for people who are not enough updated with the widespread use of e-mails and other online applications is especially necessary in contemporary “Age of Technologies”. On the other hand, that project supposed to be planned smart and adequately with many aspects to consider for the business to run efficiently. Luke is qualified in Information Technologies and although he knows that his “entrepreneurial spirit” is much alive he needs to get a partner who is confident in Business Management and affairs like that. Also, Luke fears that he might not have sufficient funds to start up. His housemate Eric who will be graduating from
References: Environmental Forces That Affect Business (By Chris Dinesen Rogers, eHow Contributor) http://www.ehow.com/list_6188939_environmental-forces-affect-business.html Porter 's Five Forces Analysis (By Nohea Reveley-Mahan) http://www.kstoolkit.org/Porter 's+Five+Forces+Analysis Partnership http://www.investorwords.com/3609/partnership.html ITB Lect Notes Chap 2 Business Environment (Presentation) ITB Lect Notes Chap 3 Formation & Classification of Org (Presentation)