Managing the Development of Small Business Ventures - Free Essay Example

Sample details Pages: 7 Words: 2006 Downloads: 8 Date added: 2017/06/26 Category Management Essay Type Essay any type Level High school Did you like this example? Manage the development of small business ventures Task 1 1.1 Assess the implications of inflation on Burger King’s business operations. a) Increase in Price: Due to the inflation BK has to increase the price of its food products. Due to increased price Burger King can put them into the problem by losing the customers or decreasing their profit. b) High operation Cost: Due to inflation the price of the raw material could be high and it will result in increase cost of sale. Don’t waste time! Our writers will create an original "Managing the Development of Small Business Ventures" essay for you Create order 1) Eating the cost 2) Skimping on the product or 3) Risk losing customers by raising the price None of these options are good ones but this is the consequence of operating in a country with an unemployment rate of 9.7 percent. 1.2 Assess the implications of interest rate on Sak Strandbag’s business operations.: a) Less income for buyers:- Due to rise in interest rate the buyer will have less income to spend due to more money is going to interest to bank. b) Decrease the sale:- Due to less moneyin the economypeople will spend money on their basic which will affect the sale of sak Strandbag 1.3 Assess the implications of unemployment on Max Hamburger Restaurants business operations if they were to set up in New Zealand. : Lack of money: If the Max Hamburger restaurant starts their business in New Zealand it will not be successful as there is lack of money to spend among people which can affect the business. Cheap Labour: Due to the rise in the unemployment rate there will be no money with the people. This will make people work on the cheaper rates and thus affect hugely on employees pay rates. 1.4 Assess the implications of investment spending on the business operations of Salvador’s Kiwi Food and Beverage Co. Through the investment of $100000 the business has grown for a small speciality coffee bar/restaurant to a thriving business supporting 13 employees and a second outlet. The concentration on quality service and staff welfare has generated a second business with potential to expand further and give quarter returns to the four original investors. 1.5 Assess the implications of business confidence on the business operations of Glossy Pink. Increase in business: -Business confidence increase will increase the investment which will help to increase in the business Increase in jobs: Due to the increase in business pink will need more people which will increase the jobs in the market. 1.6 Assess the possible implications of share market fluctuation on business operations of JVR. Stock market fluctuations are when a companys stock price changes in the market. On one hand, a companys stock price has no direct effect on a company, unless the company wants to raise more money by selling stock into the market. In that case, the current stock price determines how much money they will be able to raise when they sell shares into the market. Once the shares are sold into the market, however, the company is no longer affected directly by the share price. 1.7 Assess the implications of the following economic indicators to the business operations of Wing Zone: 1) Credit Availability: Lack of credit history may affect applications for capital investment expansions however a strong presentation highlighting the company’s rapid growth and success to date should go some way to offsetting that negative factor. 2. Gross Domestic Product (GDP): The gross domest ic product (GDP) is one the primary indicators used to gauge the health of a countrys economy. It represents the total dollar value of all goods and services produced over a specific time period you can think of it as the size of the economy. New Zealand population growing so Manufacture of Pizza will also grow the demand of the Pizza of grow. 3. National Income: The decrease in the national income means that the market is still growing but not to that extent. Wing Zone has to make a plan to come back strongly in the market. If Wing Zone comes up with a new strategy to overcome the loss in the business they can make a comeback in the market. 4. Money supply: Reserve bank restrictions on many supply may restrict on money supply may restrict or slow down the availability of funds for business expansion. 5. International Trade: To grow on international level it is important to have all the basic information regarding the foreign market. To grow globally Wing Zone has to consi der strategies made by McDonalds and the Burger king. They need to have details regarding competitors and demand of the people. 6. International Market Fluctuation: International market fluctuation effect the stock market. They also affect a small business. 7. Fluctuation Currency Fluctuation risk on the foreign Exchange their price will low and high they most effect on the small business. The small businesses set up their price for product according to nation’s currency but when it fluctuates it creates problem for small business operators. 8. Balance of Payment: Balance of payments accounts are an accounting record of all monetary transactions between a country and the rest of the world. These transactions include payments for the countrys exports and imports of goods, services, financial capital, and financial transfers Task 2 2.1 Disposable Income: Disposable income is total personal income minus personal current taxes. In national accounts definitions, per sonal income, minus personal current taxes equals disposable personal income. They started a small business it is very hard to save amount because they need a best employers to work and best product goes to market and they also need a promotion like advertisement on TV, Newspaper, Magazines, Etc. 2.2 Population Trends: In population Trend How many people drink a beer and how many people drink a wine in their life. Youth Generation not drink a wine 18-24 aged represent only 6% of wine consumed. But there is different choice in the market to buy a wine and beers choice available. 2.3 Building Permits: Building permit is a permit required in most jurisdictions for new construction, or adding on to pre-existing structures, and in some cases for major renovations. Generally, the new construction must be inspected during construction and after completion to ensure compliance with national, regional, and local building codes. Failure to obtain a permit can result in significant fines and penalties, and even demolition of unauthorized construction if it cannot be made to meet code. 2.4 Business/Industry Surveys According to the survey most people like to drink wine by type of variety and brand. 37% of wine drinkers they often ask to retailers for a recommendation on wine. Task 3 3.1 What are the implications of whanau, hapu and iwi to the small business operations of Bio farm Productions Ltd? Bio farm Products is a company regards their business as being Maori. In business all member of business is not Maori. Some People have different country and different culture. But Maori give them an immense of pride, which turns give them harmony and peace to the business. Because family decide how is employ and all other decision taken by they belong to Whanau. Task 4 Small Business Life Cycle Characteristic of the Business Activity During this cycle Description of related Business Activity Under Taken During the Cycle Management Strategies Short and long range plan Start up In this cycle we conceptualizing the business, Planning, market testing etc. Information gathering, creative thinking, identified the target market. Define the business and vision: Write the goals like short term and long term, completion. During the start up the business just focusing on customers and product. Growth Sale are growing up, Product is growing in popularity, regular customer and increasing income. Business improvement, retaining and recruiting talent Creating customer focused strategies. At this stage we set two goal short term goal and long term goal. Maturity Operation smoothly with minimal supervision Review the plans and watch out for new ideas to expand the business Review your mission/vision regarding the business. At this stage we consider completion and achieving our goals which we set up in start up stage. Saturation At this stage this business is running smooth and giving good outcome. Needs to watch out for the new plans to keep the business running without have enough from business or can have a break from the business to freshen yourself up. Try to increase the earning of the organisation and challenge yourself. Short time to getting yourself out of point of estuations, Long term plans are to plan ahead to brighten the future up. Decline Sales are falling, losing market share and fewer employees leaving the company. See ways to revive the business, seeking for help. Visualize a plan venturing out or merging into another famous brand We try to recover our weakness and try to stay in the business and make others goals. Task 5 5.1 Formulate at least two (2) different problem solving techniques or approaches you could use to identify and define a business problem when it occurs and to generate and then evaluate various solutions to business problems. Internal Evaluation: Can have the meeting with the staff to find out the reason of the problem, give them the instructions to follow and perform the work in the correct way. External Evaluation: Have to identify the reason of sales which are going down at that stage and need to look for on the market position, Can take a professional assistance to find the reason of the problem and can take advice from professional finance advisor to find out the reason. 5.2 Identify how the following decision-making techniques could help in making a decision about which options to choose to solve the problem. 5.2.1 Break-even: The break-even is the point at which cost or expenses and revenue are equal: there is no net loss or gain, and one has broken ev en. A profit or a loss has not been made, although opportunity costs have been paid, and capital has received the risk-adjusted, expected 5.2.2 Decision tree: A decision tree is a decision support tool that uses a tree-like graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility. It is one way to display an algorithm. 5.2.3 Pay off approach:In the payoff approach technique we use cash flow scenarios to model the future. That data can be used which is already available in the company. 5.2.4 Professional assistance: Professional assistance is the help from a qualified professional who is not a member of the business group, he is an expert to provide professional assistance for the business where is required. 5.2.5 Group decision-making: Conduct a meeting with all member of organization. Solve the problem on this meeting. Every member names and priority issues and ranks it’s according to the work. 5.2.6 Cultural consensus methods: Cultural knowledge is shared and systematically distributed. A good decision is one which has taken into the different culture of all the member of the group. 5.3 MAORI Cultural consensus method: -In this method we can share their knowledge. A good decision is one which has taken into the different culture of all the member of the group. Group decision making: They conduct a meeting with all member of organization. Solve the problem on this meeting. Every member names and priority issues and ranks it’s according to the work. 5.4.2 Out-of-control growth A successful business is ruined by over-expansion. This would include moving into markets that are not as profitable, experiencing growing pains that damage the business, or borrowing too much money in an attempt to keep growth at a particular rate. 5.4.3 Operational inefficiencies: Paying too much rent, labour, and materials. Not having the tenacity or stomach to negotiate term s that are reflective of todays economy may leave a company uncompetitive. 5.4.4 Dysfunctional management: Lack of focus, vision, planning, standards and everything that goes in good management. Throw fighting partners or unhappy relatives into the mix, and the business is a disaster. 5.5 A declining market: The annual industry revenues are steadily declining because of the saturation of the market, the decrease in the market size, or the due to the introduction of a service, product or a technology from huge companies with more buying power and advertising dollars.

Britan Did Not Live Up to Their Promises to India Essay

When millions of Indians enlisted in the army to fight for the British in WWI, many people in India started having nationalistic feelings towards their own country of India. This was brought about by the promise that the British made to the Indian people. This promise was that in return for the service Indians gave during the war, the British would make reforms that would ultimately lead to the Indians themselves being able to rule their own country. The British didn’t live up to their promises. During the war, the British had taken significantly large loans which they needed to repay. As a result of this, the British increased taxes, rent on land, and prices on necessary goods in India causing Indians to protest. Due to all of these†¦show more content†¦This was an Indian march for salt. It was the first actual act of resistance and the beginning to get India’s independence. Gandhi was sent to jail for many years due to his actions which led to an actual march . Gandhi’s leadership in this movement made him a national hero. He showed how people have to resist the British and made them believe they could free themselves of the British. He showed leadership by using himself as an example of how to resist the British. Gandhi believed that people should not buy British goods especially cloths. He started a movement where people should spin their own cloth and make their own clothes. The spinning wheel became a symbol for Indian independence. Muslims were a minority in India but they believed they should have rights as other Indians did. Muslims felt that the Indian National Congress did not represent their interests. Muslim leaders thought they should have their own party to represent their needs. It came to the point where in 1906; Muslims throughout India felt they needed their own political party. Finally, a political party was formed by the Muslims and was known as the Muslim League. The Muslim League had several objectives. One objec tive was to be loyal to the British government and not to be seen as suspicious. Another objective was to give Muslims political rights and have the government recognize them. A third objective was â€Å"to prevent among the

Personal Planning Paper - 836 Words

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Christianity Providing Health Care and Buddhism Providing Healthcare

Question: Describe about the comparative analysis of two faith philosophies towards providing health care, Christianity Providing Health Care and Buddhism Providing Healthcare? Answer: Introduction According to the census of 2001, Christianity is the third largest religion in India. This religion constitutes of 24 million followers which constitutes 2.3% of Indias population. They constitute the major population in South India and North East. It was established in India in the 6th century AD. Buddhism emerged as a world region in ancient Kingdom of Magadha and this religion emphasized on teachings of Siddhartha Gautama. In todays world Buddhism exist in Sri Lanka and Southeast Asia. Followers of Buddhism are called Buddhists in India. The teachings of this religion existed only in oral traditions. Christianity providing health care: Christians developed a robust system which helped for caring the poor, orphans, widows and the people who were ill treated. The religion also catered to other members who were in need of care. In 251 A.D the church in Rome provided care to 1500 widows. Later they supported 3000 widows, poor, sick and travelers. This care was done through some volunteer societies. The churches inhibited the necessary resources and this aided the growth of church. This also led to persecution by the Roman government. The bishop of Alexandria said that deacons, presbyters and layman were responsible to take care about the sick persons and also there were few people who threw the dead bodies into streets. The medical care also supported the victims of plague. Later on all these small services were finalized in a number of institutions that were the first hospitals. In the late fourth century the religion also came up with chargeable medical care facilities, which initially were in the form of montasories and later in form of hospitals. Today in US people are also treated those who do not have insurance. They dont run after money instead work on the principle of saving lives (Anbeek, 2005). Buddhism providing healthcare: Buddhas teachings stretch throughout Asia starting from Japan, South East Asia and China. In North there are countries such as Tibet, Russia, and Nepal. The society is practiced as a whole through Buddhist healthcare (Rk-world.org, 2015). Buddhism laid more emphasis on personal responsibility and motivation aspects as well Buddhists believe in rebirth. They think that human birth is very prestigious and precious for an individual. It is a complete development of compassion and mind. In Buddhism death is a transition phase to the next life. They prepare rituals so that peace is provided for person dying. They believe if a person is calm and composed while dying then they has greater chance for rebirth. According to Buddhists, after all the stages of death have taken place the spirit enters a Bardo which is the signal for next life. Long extensive prayers are done for that. Buddhists also follow strict rules on diet as maximum of them are vegetarian. They also believe in strict devotio nal prayers, mantra repetition, meditations. Mothers play an important role in bringing children and also taking care for them (Rk-world.org, 2015). Thus these are the main features of the health care in relation to the Buddhism. The worldview questions for Christianity and Buddhism: In this segment some key elements are compared of the two religions. These are as follows: Concept of God According to Christianity, God is divine and omnipresent. Their approach is that they believe that man was created by an external God and Christians are asked to follow their own god. They follow the teachings of Jesus and that come from Gods commands. Bible is the holy book for them and they follow its preaching (Rk-world.org, 2015). It the main source of their doings and they follow the guidelines that are provided in the book. Whereas the Buddhists believe that there is no external concept of God. They believe Lord Buddha as their god and it is a spontaneous rising. Buddha referred being awake and he referred this as nirvana which meant for self or individual. The soul or concept of self: Christians believed in core teachings which were considered to be Old Testament. The New Testament included a collection of writings that were collected from the disciples of Jesus. It was predicted that it would lead to second coming of Jesus, the Messiah, and he will have the power to save the souls of the people and give them life again. The Christian faith is driven by the self soul itself. The Buddhist concept examined three signs of existence. The first sign is of dukkha which means that there is universality of suffering. It is believed that all individuals have suffered the sorrow of death of a friend or loved one. The second sign is of Anicca that means an individual is impermanent in terms of his existence. Individuals have to go through constant changes and challenges in life and if people can overcome another problem arises. The final one is Anatman which means no soul. It is believed according to Buddhism that there are no facts and evidence to support the soul of an individual. They believed that there are five forces that constituted a self of an individual. In this aspect we can see that Christianity depicted the relation between God and self individual which the Buddhists did not. They believed it as an cause and effect relationships of all things. They are highly devoted and committed to all things in their life. And this opposed the Christian mindset beca use they believed that everything has a link and connection with their God itself (Rk-world.org, 2015). Suffering: The two belief systems differ in terms of their views and perception but they both cater to same kind of suffering. Christianity believed that if any devotee rejects their God then they are bound to undergo suffering. It was also believed that if an individual continues to reject God then they would have to go through very bad experience in both earth and hell (Rk-world.org, 2015). They believed that mankind is open to redemption from their God at any point of time. In Christianity individuals have to believe in God at most so that they can end their suffering. The only way to go to heaven is through the Christ himself. In the Ten Commandments all the core principles of Christianity are and Christs teachings are compared against(Rk-world.org, 2015).. The Buddhists believed that their suffering was in a structure of beliefs. The end of suffering is obtained by the Four Nobel Truths. There is a famous quote that is There is a path to the end of suffering and the paths were supposed to be those noble truths. It was explained that individual access to various optimistic experiences in life that individuals can distinguish one from the other. No experience is meant to be forever. As we grow every day we are able to fleet moments in life. As the happy moments passes by there comes sad moments too and individuals must overcome it (Christianity.co.nz, 2015). Second noble truth is of Tanha that describes various desires of an individual. This means concept of self is changing every day. Third noble truth is to overcome Tanha. This means it is the desire to eradicate our self cravings sometimes. Since they believed that there are no external forces associated with a soul of an individual therefore it is the inner self to control such cause s. Fourth noble truth included The Eightfold Path which is most essential principle for the Buddhists. The eight principles are: Right conduct, Right View, Right Speech, Right Resolve, Right effort, Right livelihood, Right Concentration and Right mindfulness (Christianity.co.nz, 2015). Spiritual perspective on healing: Healing is an important aspect of Lord Jesus Christ. Individuals can heal their sickness through disciples of Jesus. Health not only included physical fitness but also complete wellbeing as a holistic term. To maintain a good quality in health an individual must main good relation with god (Pursuingthetruth.org, 2015). The Buddhists believed in Kamma that was associated with an individual deed and its consequences thereafter and they believed that one had to undergo such suffering. They believed that an individual cannot blame anyone for their suffering because it is their personal responsibility for health. This also enables an individuals painful aspects of life (Christianity.co.nz, 2015). There is a cause and effect relation and that depends on the choices we have made in the past. However all the pain and suffering can be eliminated by seeking external means like pills, injections etc. It was also stated that Kamma had both social and individual dimensions as well (Christianity.co.nz, 2015). Conclusion: To conclude we can say that both these two religions are different in terms of their concept of divine. The Christians viewed of an external God, the Christ but the Buddhists opposed them in such an illogical approach. They believed that everything existed within an internal soul or the concept of self was realized by them. The Buddhists believed that all of it was out of any spontaneous rising with proper guidelines that are necessary to be followed. References: ANBEEK, C. (2005). Buddhism and Christianity.Bijdragen,66(1), 3-19. doi:10.2143/bij.66.1.562903 Christianity.co.nz,. (2015).Worldviews: Hinduisim, Buddhism and New Age thinking. Retrieved 21 February 2015, from https://www.christianity.co.nz/truth4.htm Lewis, C. (2001).Mere Christianity. San Francisco: HarperSanFrancisco. Missionfrontiers.org,. (2015).Bridging Buddhist Christian Worldviews: Communicating in Context for a Theravada Buddhist Breakthrough. Retrieved 21 February 2015, from https://www.missionfrontiers.org/issue/article/bridging-buddhist-christian-worldviews Pursuingthetruth.org,. (2015).A Christian Perspective of Healing: Prayer. Retrieved 21 February 2015, from https://www.pursuingthetruth.org/sermons/files/healing-prayer.htm Rk-world.org,. (2015).Dharma World Buddhist magazine. Retrieved 21 February 2015, from https://www.rk-world.org/dharmaworld/dw_2008odhealth.aspx