1. The process of determining whether an entrepreneur’s idea is a viable foundation for creating a successful business is known as a: 2. Porter’s five forces model assess industry attractiveness by surveying these five factors: 3. The strongest of the five forces in most industries is: 4. The force from the five forces model that considers economies of scale‚ initial capital requirements‚ cost advantages relevant to company size‚ and lack of brand loyalty is the: 5. The primary purpose of the
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THE COMMUNICATION PROCESS WHAT IS COMMUNICATION? Communication is the process of transmitting and receiving of information through verbal or nonverbal behavior. At the center of any definition of communication must be the intention of conveying a message‚ even if the message is abstract (eg. modern poetry). WHY WE COMMUNICATE Why do we communicate? The purpose of any given communication may be: * To initiate some action * To impart information‚ ideas‚ attitudes‚ beliefs or
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case study 1. What is your Analysis of the bag-weight problem? Refer to the case‚ Quality control analysis for this case will be conducted via X-charts and R-charts. X-charts is to control the central tendency of the process‚ for this case we refer to the weight of 50-pound bags of treating agents R-charts is to control the dispersion of the process‚ for this case we refer to the range of weigh or difference between maximum weight and minimum weight of the bag. From the analysis of problems‚
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Chapter 6 Process selection choices often have strategic implications for organizations. They can affect cost‚ quality‚ productivity‚ customer satisfaction‚ and competitive advantage. Process types include job shop‚ batch processing‚ repetitive processing‚ continuous processing‚ and projects. Process type determines how work is organized‚ and it has implications for the entire organization and its supply chain. Process type and layout are closely related. Layout decisions are an important aspect
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Business Management Chapter 1 Pg. 2-36 Managers & Managing Organizational Performance – A measure of how effectively a manager uses resources to satisfy customers and achieve organizational goals Efficiency – A measure of how well or how productively resources are used to achieve a goal Effectiveness – A measure of the appropriateness of the goals and organization is pursuing and the degree to which the organization achieves those goals Four Essential Managerial Tasks: 1. Planning
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a sociologist Norbert Elias is one of the few twentieth-century sociologists ranking among the truly great and classical social thinkers. His writings “The Court Society” and “The Civilizing Process” are now acclaimed as modern classics. He developed a unique approach to social theory known as process sociology. Since the translation of his work into English began to accelerate in the 1980s‚ a growing number of books and articles on topics including health‚ sexuality‚ gender‚ crime‚ national and
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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 plan: carefully
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The Development of Business Ethics in Russia The word “ethics” (the Greek ethika‚ from ethos - custom‚ disposition) is usually used in two senses. On the one hand‚ the ethics - an area of knowledge‚ scientific discipline studying morality‚ morals‚ their origin‚ dynamics‚ factors and developments. On the other hand‚ ethics is defined by a set of moral rules in any sphere of human behavior or the organization. There are two main viewpoints on the relationship of universal ethical principles and
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The creative process includes four different steps to function correctly. These steps are as follows‚ Searching for Challenges‚ Expressing the Problem or Issue‚ Investigating the Problem or Issue‚ and Producing Ideas. Each stage has a certain function in the creative process flow. The first stage of the creative process is Searching for Challenges. It is common with creative thinking is where we as people are meeting challenges in and imaginative‚ original and effective way. We quite offend feel
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Fundamentals of Business Systems Development Human Resource Refigure ration Theron A. Wilson December 12‚ 2007 University of Phoenix BSA/375 Chloris Wright Riordan Manufacturers are looking for the redesigning of their Human Resource department. This will involve the transferring of their legacy system into a more advance human resource networking system. The company is asking for a proposal that will describe the techniques that will be used in order to gather the information that will be
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