Core Components of a Successful Business Plan
Business Fundamentals
A business refers to an organization or enterprising entity engaged in commercial, industrial, or professional activities. The purpose of a business is to organize the economic production of goods or services.
Key Business Aspects
- Business Structure: Sole proprietorship, partnership, corporation.
- Business Size: Micro-businesses, small and medium-sized businesses (SMEs), and macro-businesses.
- Economic Sector: Primary (extraction), secondary (manufacturing), and tertiary (service)
Legal Foundations: Common Law, Statutes, and Agency Regulation
Legal Principles and Sources of Law Assessment
True/False Questions on Legal Foundations
The doctrine of stare decisis, though vital to the creation of the common law when this country was settled, is not important to our modern, complex society.
Answer: False
ANS:F PTS:1 MSC:AACSB Analytic
While at the park, Tasha saw a small child fall into the lake. Tasha did not know the child. Under the common law of most states, Tasha has a legal duty to take reasonable steps to assist the child if Tasha is able
Effective Customer Management and Communication Strategies
Understanding Your Customers
The customer is the intended target of a business, and all company efforts are geared toward fulfilling the customer’s needs for a product or service.
Key Customer Roles
Within the buying process, individuals can take on several roles:
- The Decision-Maker: This person has the final say on the purchase of the product or service.
- The Inquirer: This person is in charge of the preliminary steps before a purchase, such as researching the product, comparing prices, and finding special
How Chinook Salmon Gills Achieve 90% Oxygen Extraction
Chinook Salmon Respiration: Challenges and Adaptations
The Chinook salmon (Oncorhynchus tshawytscha), a member of the class Actinopterygii (ray-finned bony fishes), is an anadromous species native to the cold rivers and coastal waters of the North Pacific Ocean. This species begins life in freshwater streams, migrates to marine environments for adult life, and later returns to freshwater to spawn. Living in an aquatic environment poses considerable physiological challenges for gas exchange, primarily
Read MoreRedefining Freedom: The American Progressive Era (1900-1917)
The Progressive Era’s Challenge to the Gilded Age
The Progressive Era, spanning roughly from 1900 to 1917, emerged as a multifaceted reform movement challenging the perceived excesses of the Gilded Age, particularly rapid industrialization, the overwhelming power of corporations, and rampant class conflict. Unlike previous movements, Progressives advocated for government interventionism, believing that government entities must actively step in to restore order and protect genuine freedom. While not
Read MoreEndocrine Hormones and Musculoskeletal System Function
The Endocrine System: Chemical Messengers
Endocrine glands respond to stimuli by producing hormones transported in the blood throughout the body. Each hormone affects its target cell, which contains specific receptors. Hormones are chemical messengers that activate or stop, accelerate or delay processes within organs. Hormone receptors cause chemical reactions inside the cell, producing a response.
Hypothalamus Function
The Hypothalamus produces nerve signals and hormones, specifically releasing factors
Read MoreQuality Management Evolution: From Inspection to Zero Defects and Poka-Yoke
The Evolution of Quality Management Focus
The primary goal is to satisfy customer requirements now and always.
Stages of Quality Focus
- Product Inspection: Attention placed on the manufactured product. Focuses on separating good and bad parts (sampling).
- Process Control: Attention placed on the manufacturing process. Product quality is dependent on process quality. Utilizes Statistical Process Control (SPC) to search for information and make corrections (e.g., self-inspection, Poka-Yoke).
- Integral Quality
Organizational Behavior: Key Concepts, Personality, and Ethics
An Organization is a consciously coordinated social unit, made up of a group of people who work together on common goals on a relatively continuous basis.
Key Factors Influencing Organizational Behavior
Individual Differences
People enter groups and organizations with certain characteristics that influence behavior. These include: Perception, Values, and Attitudes.
Job Satisfaction
(See definition under Key Job Attitudes)
Motivation
(See definitions under Types of Motivation)
Empowerment
Empowerment means
Alberto Fuguet’s Sobredosis: Chilean Youth and 90s Culture
Abstract: Sobredosis (Overdose)
Sobredosis (Overdose), a collection of stories by Alberto Fuguet published in 1990, is a seminal work that awakened Chilean literature from a deep sleep. It challenged more than one circumspect critic with its themes: the excess of marijuana and the scribbles reflecting the youth of neoliberal Chile in the late 1980s.
The collection features five powerful stories reflecting the indifference of Chilean adolescents toward the military government of the day. Simultaneously,
Read MoreScotland’s Major Cities: Culture, History, and Attractions
Edinburgh: Festivals and Hogmanay Celebrations
In August, thousands of people come to the Edinburgh Festival. At the festival, you can see and do hundreds of different things, including:
- Singing and dancing
- Cinema and theatre performances
- Book readings and picture exhibitions
Also in August, every evening for three weeks, you can attend the Edinburgh Military Tattoo at Edinburgh Castle. There you can see soldiers and hear music from Scotland and from lots of other countries.
On 31 December, everyone wants
Read More