Chapter 5-small business‚ entrepreneurship‚franchises Small business: independently owned & operated for profit & is not dominant in its field” Distribution industries: retailing‚ wholesaling‚ transportation‚ communications Service industries: 48% nonfinancial services‚ medical‚ dental care‚ TV‚ hair‚ restaurant Production industries: 19% construction‚ mining‚ manufacturing Advantages: relationships‚ change‚ record‚ independence Disadvantages: failure‚ limited profit‚ raise capital Business
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the organization’s goals and objectives‚ as well to coordinate the resources of the organization. There are three important kinds of plans that an administrator uses to meet the organization’s goals and objectives which are following: strategic‚ tactical and operational planning. The first form of planning‚ strategic planning is a "set of organizational processes for identifying the desired future of the organization and developing decision guidelines and provides a map for how an organization will
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Change usually affects three characteristics of an organization. These being individuals working in the organization‚ culture and processes. An organization can use strategic change approach to implement change in the organization or use tactical change approach. Tactical change approach is often used when the change envisioned is only short term.in this usually management in an organization just picks the ideas‚ best personnel or concepts currently in the market and just implements them to initiate change
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The New Supply Chain Organization Which operational model should you choose? Stratex Networks successfully meets the challenge of supply chain reorganization. SHOSHANAH COHEN enior management teams across many industries are increasingly realizing how strategic their supply chain is to business: that it is‚ in fact‚ one of the critical success factors—for profitability as well as productivity. Yet configuring a supply chain strategy that aligns with the business strategy‚ and organizing both
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Levels of Product and Service Product Name: Itel Mobile Phone (Model: IT 6700). Introduction: Product planners need to think about products and services on three levels. Each level adds more customer value. The most basic level is core benefit. At the second level‚ product planners must turn the core benefit into actual product. Finally‚ product planners must build an augmented product around the core benefit and actual product by offering additional consumer services and benefits. Now I discuss
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premium CPM (cost per impression‚ advertising pricing unit). Both competitors Lifetime and CNN channels were achieving notable ratings. The clusters that most engage in fashion and most likely to have interest in TFC contents is Fashionistas and planners/shoppers that make up about 50% of all US TV Households (HH) In their specific clusters‚ the 18-34 female demographic audience represents 50% and 25% of these cluster respectively. Current source of revenue : Advertisements sales $230.6 millions
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Organizational Plans Minda Furgeson XMGT 230 August 15th‚ 2013 Dr. B Organizational Plans Strategic‚ tactical‚ and operational planning are the three different kinds of planning that an organization can us. We referred to them in the previous as the top-level‚ middle-level and also the frontline. As we move forward I’m going to give a little more details on each of these. First we have the Strategic planning‚ also known as the top-level of management. When it comes to this step of planning
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Alternative Courses of Action Broad-Based Marketing Pros: Compared to the 2007 base numbers‚ the broad-based marketing scenario delivers almost $40 million more in terms of net income ($94.9 million vs. $54.6 million). Also‚ compared to the other two scenarios‚ the broad-based marketing scenario does not require an incremental programming expense that costs the other two scenarios at least $15 million to implement. There are women aged 18 to 34 in all four clusters‚ so TFC would be marketing to 100%
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Plan Name: Institution: Question 1: Context planning • Planner to be knowledgeable about the program plan and have a background of the target group e.g. traditional beliefs and ethics • Planner to put into consideration the perception of the target community • Program planning is affected by the influence of power that determines the preferred proposal from the decision-making process. • Program planning for environment call for the planner to train and communicate to the community to collect data
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something for the contract to be upheld (Mallor et al.‚ 2010‚ p. 343). Elements of a Contract Contracts are created every day for multiple different reasons. Examples of these contracts are contracts of marriage‚ contracts made with a wedding planner‚ and contracts made for a house lease. Regardless of the reason for creating the contract‚ the three elements that must be met for the contract to be valid are a communicated offer‚ an acceptance of the offer‚ and consideration offered by both parties
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