Related Essays
one of the obvious chasms that becomes clear here is the relationship between theory and what is practiced in a small business setting. To truly look at and assess that paradigm, the author of this report has interviewed an owner/manager at a small business to discuss what they do to make things work, what is suggested in theory and scholarly literature and how those frameworks and lessons do or do not work for their particular situation. The author of this report will personally be making a comparison and contrast between what is asserted within the literature and compare it to the feedback and personal experience narrative of the owner/manager. A… Continue Reading...
reports, “Kuwait has witnessed an extraordinary rise in entrepreneurship and small business start-ups.” Many Kuwaitis are using Instagram, for instance, as online store fronts to showcase products and boost sales, which is an innovative approach to business that correlates well with the local culture (Greenfield, 2013). However, one of the biggest factors in business growth is price. The GM Case Study shows that no matter what the brand is or how great the engineering may be, consumers are always going to be attracted to low prices. For businesses in Kuwait the lesson to be learned here is that why innovative… Continue Reading...
networks such as Facebook and Linkedin as well as online recruitment tools offer platforms through which small businesses can inexpensively meet their human resource needs. The store can also rely on the owner's own networks. Friends and acquaintances can often provide helpful referrals. On the whole, the recruitment initiative should be driven by the desire to locate individuals with the skills, knowledge, and attributes for a position in the retail environment.
It would be imperative for the new employees to be properly trained if the store is to effectively deliver on its promises to its target audience. New employees must have adequate knowledge of customer service… Continue Reading...
like this underestimate the difficulty in starting their own business and the failure rate for small businesses remains extremely high because of such examples.
This analysis will look at all the challenges that face a small local start-up and the reasons that so many fail. The specific business idea will focus on a fast casual startup that serves healthy, locally grown, and organic meals. This niche was identified to be a popular dining option that has increasingly become highly demanded by consumers. Therefore, the research will look at the chances a small local business can take advantage of business idea that suits them especially well… Continue Reading...
attractive.
Another advantage to manufacturing outside the United States is actually not as well known, but many small business owners have argued that they get better service outside America for their manufacturing needs. Many entrepreneurs who have smaller businesses, such as ones half the size of behemoths like Target or Wal-Mart, have argued that when they contact domestic manufacturers, they don’t even receive the decency of a call back. Many domestic manufacturers refuse to do business with companies that aren’t massive. As one entrepreneur wrote, “On the other hand, I never had difficulty finding a Chinese factory that was willing to work with me as a smaller… Continue Reading...
the present day, the pace, intricacy and worldwide nature of disruption is at a scale and magnitude that we have never perceived before. Furthermore, there is the expansion of technology to the extent that even small businesses are able to rival major corporations. Taking this into consideration, it is imperative for entities to evade organizational inertia and resistance to change.
Organizations, philosophies and power structures seem to become deep-rooted in the course of time, and may turn out to be unproductive or outdated, even if they once played an authentic or useful role. At the end of the day, being entrenched in archaic concepts and operations can lead to an organization becoming stuck in the present moment. Furthermore, market rivals that adapt to changes attain… Continue Reading...
motorcycle/boat/RV, small business, and additional insurance products (USAA Products, 2018).
Banking
Banking products include checking and savings accounts, credit cards, auto loans, CDs, home mortgages, personal loans, youth banking, college products; and their services include credit monitoring and ID protection and a USAA real estate rewards network.
Investing
Investing products include USAA mutual funds, digital investment adviser, stocks and options, ETFs, managed money accounts, 529 college savings, fixed income, and annuities.
Retirement and IRAs
USAA also offers access to IRAs, provides rollovers and transfers, target retirement funds, wealth… Continue Reading...
principals are able to leave no stone unturned -- attention can be paid to all aspects of the business, whereas some small business owners might ignore certain aspects of a business with which they are unfamiliar. That will not be the case here. The other benefit of having these skills among the business owners is that the company can pay less in salary, which will be essential during the start-up phase. The reality is that quality employees cost money, whereas business owners can get by with minimal withdrawals from the business because they are receiving equity. At the end of the day, it is important to minimize the costs for salaried… Continue Reading...
obvious chasms that becomes clear here is the relationship between theory and what is practiced in a small business setting. To truly look at and assess that paradigm, the author of this report has interviewed an owner/manager at a small business to discuss what they do to make things work, what is suggested in theory and scholarly literature and how those frameworks and lessons do or do not work for their particular situation. The author of this report will personally be making a comparison and contrast between what is asserted within the literature and compare it to the feedback and personal experience narrative of the owner/manager. A… Continue Reading...
lack employee turnover affects project quality and delivery in particular, project completion date 2) to identify problems in the small business that contribute to poor employee retention 3) to determine the how employee motivation affects retention 4) to identify the status of the internal and external environment and how it influences human retention.
Description of Participants
In total, six individuals participated in the qualitative interview. All of the participants were randomly selected from Quantech Services Inc., a small enterprise offering superior quality consulting services and products in the following areas: Cyber Security, Program Management, Financial and Cost Management, and Engineering Services, to governmental clients such as the DoD (defense… Continue Reading...
organizational missions, and goals.
References
Duggan, T. (n.d.). Theories of learning human resource development. Small Business Chronicle. http://smallbusiness.chron.com/theories-learning-human-resource-development-64655.html
Saad, A.M., Mat, N.B. & Awadh, A.M. (2013). Review of theory of human resources development training (learning participation). WEI International Academic Conference Proceedings. Jan 14-16, 2013. https://www.westeastinstitute.com/wp-content/uploads/2013/02/ANT13-246-MOHAMMED-ALYAHYA-Norsiah-and-Alharbi.pdf
Training transfer is critical; it not only ensures cost-effective training programs but also ensures that employees will perform as expected or desired. The training transfer process constitutes a specific set of exercises used “before, during, and after a training session that enable employees to more effectively and quickly apply the skills learned in training back on the job,” (Heathfield,… Continue Reading...
productivity, investment, and employment. Per capita and household income have declined or stagnated, small businesses have been struggling, startups have been lagging, and inequality has increased. Also, there have been weaknesses in areas such as K-12 education, health care, taxation, transportation infrastructure, as well as political governance. These weaknesses have hindered productivity and prosperity.
The weaknesses pose a major threat to the country. First, the weaknesses have increasingly offset the gains the economy has made over the years. More fundamentally, the erosion of the competitiveness of the economy means that in the future businesses may not be able to compete effectively in the… Continue Reading...
provides a range of benefits, including the entire array of issues that typically confront individuals, families and small businesses (Jackson, 2007). One company that was in the vanguard of offering pre-paid legal insurance is LegalShield, formerly named Pre-Paid Legal Services of Ada, Oklahoma (About us, 2015). Founded in 1969 by Harland Stonecipher, this company has grown to become an industry leader in the pre-paid legal insurance industry today. To determine how this company achieved this level of success and the competitive environment in which it competes, this paper reviews the relevant literature to provide an overview of LegalShield using Porter’s five forces framework, followed by a recommendation… Continue Reading...
in terms of holding savings and borrowing to buy property. Small business relies on these banks as well, for loans and start up financing. When commercial banks are stable, this creates an atmosphere of confidence in the economy. The reality is that when they are unstable, people are more hesitant to deposit money, if they think that there is a chance they could lose that money. With no deposits, banks cannot lend, and that means no mortgages, car loans, or small business loans, and that would be incredibly detrimental to the economy. One of the key objectives of Glass-Steagall was… Continue Reading...
of significant amounts of criticism because of the low wages it pays as well as its adverse impact on small businesses in the cities and towns in which it competes. To determine the facts about Walmart, this paper provides an analysis of the case study, “One Nation under Walmart,” from a utilitarianism perspective, followed by a summary of the research and important findings concerning Walmart in the conclusion.
Review and Analysis
Founded in 1962 by Sam Walton, Walmart’s first store was located in Rogers, Arkansas. In 1969, the company incorporated under the commercial name “Wal-Mart” and in 1972 it became publicly traded on the New York Stock Exchange (Walmart… Continue Reading...
also studied by Hagan. Included in her findings are review results which indicate that 73 of the 426 participating institutions (17%) provide entrepreneurship or small business management degree programs, 131 (31%) award entrepreneurship certificates, and 176 (41%) provide three or more courses in small business or entrepreneurship. Hagan's survey response analysis had the intention of determining the effects (if any) of geographic location, instructor characteristics or institutional mission on the creation and development of small business management programs and community college entrepreneurship. The data was carefully analysed and the analysis showed that the relationship between any of these factors and program growth is insignificant. In Hagan's words, "the primary outcome of the research is… Continue Reading...
way that specifically does not appeal to minors.
Geographic segmentation's normal use case is for a small business. Where it would be awkward or onerous to sell outside of a certain geography, a business would want to ensure basic geographic targeting to avoid attracting customers it could not serve.
Psychographic targeting refers to targeting based on people's lifestyles and behaviors. There are some products where lifestyle-based marketing is most effective. This can be a means to differentiate a product in a field where there is otherwise not much differentiation. Psychographic targeting can actually influence the product itself, as is the case with automobiles, where automakers will… Continue Reading...
facilities (as is the case).
Most tenants are software companies, marketing companies and other small businesses in the tech, marketing or legal sectors. There is a fitness facility in the basement that has high traffic. These businesses range from five or fewer employees to around 75 at the largest. A total of around 400 people can be expected to work in the building on any given day. All businesses in the Sun Tower conduct more or less regular office hours. The fitness facility opens earlier than other businesses, to accommodate early morning workouts. No businesses work at night. The building itself is accessible only… Continue Reading...
small business owners sought to exploit the cheap labor offered by illegal immigrants: “Anglo growers used race as a line of division within class blocs to ensure themselves a steady and cheap supply of Mexican immigrant labor” (Mmize & Swords, 2011, p. 30)—which brings up the other benefit of immigration—illegal immigration, that is: cheap labor for those willing to exploit the undocumented status of illegal immigrants.
Employers who seek to benefit from low wages for employees like to see immigrants apply for jobs—usually illegal immigrants because they know they will… Continue Reading...
The Pros and Cons of Obamacare
The Effects of Obamacare on American Small Businesses
Topics:
What are the main arguments for and against Obamacare?
How much should Americans pay for healthcare insurance?
Why do Americans pay more for their healthcare than consumers in some other countries?
Is Obamacare’s individual mandate unconstitutional?
Outline:
I. Abstract
II. Introduction
III. Body
A. Background and Overview
B. Pros of Obamacare / Advantages
C. Cons of Obamacare / Disadvantages
IV. Conclusion
The Future of Patient Protection and Affordable Care Act also known as Obamacare
The future of Obamacare? Probably the same… Continue Reading...
