software to organize communications amongst the contestants in the platform. 2. If you were the owner of a small chemical company‚ what concerns would you have about joining Elemica? As an owner of a small chemical company‚ I would need to know about their system and how to operate it. I will want to make sure they would be able to handle an abundance quantity of commodity requests by other business partners. I will want to make sure there is not interference in the system shutting down. I will want
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lack of Synergy In a small business it’s important that each division has internal synergy to function successfully. Lack of synergy is a possibility if you integrate your human resources and payroll divisions. Each department may have certain protocol that team members know and are comfortable with. Combining various protocol under one umbrella could prove arduous from an efficiency and productivity standpoint. High Cost Integrating divisions may save you money in the long term‚ but will
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also reviewed the concerns and benefits that the new Wal-Mart will have on small businesses and the local community. The concerns of the residents are something that needs to be taken seriously and we must address these concerns thoroughly. Also‚ we must address the concerns of the small businesses located in the area that the new Wal-Mart is being built. Once all the concerns have been addressed that the residents and small businesses have‚ we then provide a response to each group. We will show the
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organizations. But without skills and technopreurship there are no successful organizations. 2. What is Entrepreneurship? Entrepreneurship is the act and art of being an entrepreneur or one who undertakes innovations or introducing new things‚ finance and business acumen in an effort to transform innovations into economic goods. This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. The most obvious form of entrepreneurship is that of
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assume that business had many more employees to perform specific jobs that are not easily performed by computers. I believe that computers‚ even though can be frustrating at times‚ make life much easier for us. I could not imagine going to school without being able to use my computer to assist me. 2. Some organizations that have been negatively affected by the internet include: small businesses‚ Newspapers‚ Music‚ and travel agencies. Small business cannot compete with other business who can afford
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System | 17 August 2012 Mr Axel Le Rait The President Association of Motor Dealers and Repair Workshops in South Africa Cape Town 8400 Dear Mr Le Rait Report on whether small repair businesses should become Franchisee or not Enclosed‚ is the report on the MR Franchising system highlighting the benefits and costs to small repair businesses and of being a part of such a system. The main purpose of this report is to investigate the franchise system and to describe the support provided by MR to
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Motivation in Small Businesses Introduction In every business undertaking‚ motivation is most essential subject that keeps running the business all the way from its establishment to the accomplishment of the set goals and objectives. Businesses whether small or big have to come up with or develop various strategies to make the business activities run in a smooth mannerism. Motivations within small businesses can prove to be additionally complex than for a bigger business since certain
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Starfish and the Spider - By: Ori Brafman and Rod Beckstrom – This book clearly identifies the changing pattern in successful business launch and management strategies. They show how to build a dynamic powerful business‚ and it is easier and less conventional than you think. Small Giants – By: Bo Burlingham – The title says it all‚ small business is the new big business. The E-myth Revisited - By: Michael Gerber - The new entrepreneur’s bible! Mastering the Rockefeller Habits - By: Verne Harnish
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entrepreneur. You may wonder is an entrepreneur actually a small-business owner since they are both people who set up and operate a business. I would say somehow they are different. Although many small-business owners possess the same drive‚ creative energy‚ and desire to become big-business owners‚ others may be content to operate a business that provides a comfortable living. By contrast‚ a typical entrepreneur is a risk taker who tries to make the business grow. There are three reasons why I want to be an
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Sunflower Incorporated Synopsis This case refers about a large distribution company which resells products related to snacks. Thiscompany undergoes a change in its financial reporting system which was suppose to increase itsprofits and decrease its cost as well as to compete with its rivals. Issues The major issue that this case highlights is manipulation in products in some regions to increase the sale and the profit of the company. This manipulation in products is selling low quality
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