...Business Analysis 11 By Gloria Rodriguez MTG/521 December 5, 2011 Analyzing a business environment like Chevron’s is important, so that investors can determine if Chevron is a company one can invest in. Researching a company’s business environment is helpful to further secure business decisions. Careful consideration must be taken, and a closer review of historical financial statements is suggested to determine the company’s financial health. One way to determine a company’s health is by reviewing a company’s business environment, analyzing a company’s income statement, balance sheet, and statement of cash flows. Chevron is known to be one of the top profitable Fortune 500 Company. A recent SWOT analysis was completed determining Chevron as good company to invest in. Although, Chevrons SWOT was determined successful the mutual fund manager has to determine if the company is also successful in his or her their finances. There are five areas in a company’s business environment. The five areas of a business environment are economic, technical, competitive, social, and global business. Nickels, McHugh, and McHugh (2010) “Business environment consists of the surrounding factors that either help or hinder the development of businesses.” Businesses surrounded by a stable business environment can function successfully. Businesses that focus on their business environment closely can to make changes accordingly. Nickels, McHugh, and McHugh (2010) “Businesses normally can’t control;...
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...Analyzing Business Transactions LEARNING OBJECTIVES 1. 2. Record in equation form the financial effects of a business transaction. Define, identify, and understand the relationship between asset, liability, and owner’s equity accounts. Analyze the effects of business transactions on a firm’s assets, liabilities, and owner’s equity and record these effects in accounting equation form. Prepare an income statement. Prepare a statement of owner’s equity and a balance sheet. Define the accounting terms new to this chapter. LP2 Chapter NEW TERMS accounts payable accounts receivable assets balance sheet break even business transaction capital equity expense fair market value fundamental accounting equation income statement liabilities net income net loss on account owner’s equity revenue statement of owner’s equity withdrawals 3. 4. 5. 6. www.southwest.com Rollin King and Herb Kelleher had a simple notion when they got into the airline business: If you get your passengers to their destinations when they want to get there, on time, at the lowest possible fares, and make darn sure they have a good time doing it, people will fly your airline. What began as a small Texas airline has grown to become one of the largest airlines in America. Today, Southwest Airlines flies almost 100 million passengers a year to 63 cities all across the country. In an economy where airlines struggle to stay out of bankruptcy, Southwest has flourished. Other airlines have tried to imitate...
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...ANALYZING BUSINESS MARKETS 1. What is the business market, and how does it differ from the consumer market? The business market is the muster of organizations or entities that engage in the acquisition of goods and services for the production of other goods and services which may be sold, rented, or supplied to other entities. Some examples of the organizations that make up the business market are agriculture, mining, manufacturing, banking and finance. The business market differs from the consumer market in many aspects. One of these is that the business market engages in fewer, yet larger buyers. This means that although there are lesser buyers, these buyers invest huge amounts to the industry. Another one is the close supplier-customer relationship. Similar to the first one, since there are lesser buyers, the relationship between the buyer and the seller is uptight because of the smaller customer base and the importance that the market places on the huge buyers. Professional purchasing is also another difference between the business market and the consumer market. The purchase that occur in the business market are often done by trained purchasing agents which have thoroughly studied and adhered to what the business entities that they represent need. Another difference between the two markets is multiple buying influences. This entails the sellers to send in professional sales representatives to conduct business with the potential buyers since the buyers also send in buying...
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...Chapter 8 : Creating Brand Equity Resumed by : Kelvin Karnadi 201560115 Sharen Veronica 201560176 Analyzing Business Markets Organizational buying is the decision-making process by which formal organiztions establish the need to purchase products and services, then identify, evaluate, and choose among alternative brands and suppliers. The business market consists of all the organizations that acquire goods and services used in the production of other products or services that are sold, rented, or supplied to others. Buying situations * straight re-buy : A purchasing situation where the buyer reorders the same products without researching or considering other suppliers * modified re-buy : A purchasing situation where the buyer's revisions to the order require additional analysis or research * new buy : A purchasing situation requiring the purchase of a product for the very first time. Participants in the business buying process The major participants in business buying process are * Initiators-are the ones who initiate or recognize the need of a particular product requirement in the organization for enhancement or to combat depravation. * Users-are the ones who are going to use the product or require it for the smooth functioning of their operations. * Influencers --Influencers can be of different levels and the decisions that they influence might differ from person to person or post to post. These are basically the people who will influence the decision of...
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... Cohort FF1221 Date of Submission 15/09/2011 Instructor Ms. Sankapali Gunawardena Word Count 2000 Acknowledgement The authors would like to first of all thank her managing business lecturers Mrs.Shumara and Ms. Sankapali Gunawardena for all the support and guide he gave her to finish this assignment successfully. The authors would also like to thank her parents and friends for all their commitments and encouragement. Last but not the least the authors would like to thank the administration for all the facilities they have provided which made it easy to complete this assignment on time. Abstract As assigned by the lecturers Ms.Shurmara Fernando and Ms.Sankapali Gunawardena for the module Organizational and Social Environment, the authors were required to investigate research and observe an area of Internal and External Business Environment in any local business organization. Therefore the authors selected “Colombo Hilton Hotel” to do their research according to the assignment. So to do this research the authors visited Hilton Hotel in order to gather information by interviewing the Manager (Mr.Irfan). At the end the authors discussed the current problems, and then authors provides their own cost-effective solutions and recommendations. Introduction...
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...Analyzing the Role of a Manager Within the Functional Areas of Business Kevin Woodbridge Management 512 02/03/2015 William Wider Analyzing the Role of a Manager Within the Functional Areas of Business A manager heading an organization can oversee a plethora of responsibilities, in which most of those duties are directorial in essence. In small corporations, the role of a manager is more so handy in all aspects of the company and may be a lot more hands on. However, in large businesses, there are various degrees of specific supervisory duties within each business function. Nevertheless, the prime responsibility for all managers is business growth and development. If an organization is coming up short of its goals as an operation, it is the manager’s role to adjust accordingly to ensure that everything is back on course. Every corporation operates by having various business functions where duties and responsibilities are handled by employees. These functional areas of a business can include Human Resource, Accounting/Finance, Legal, Information Technology, etc. Functional managers lead these divisions, in which they have a role and responsibility to strategize, shape, direct and oversee divisions to reach department objectives, which then leads organizational objectives (Bansal, 2014). “Manager is someone who uses authority and reason for efficient and effective problem solving and to mobilize, coordinate, and control organizational resources by the use...
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...Managers are generally the head of a department or functional area within an organization, for example marketing, operation management or human resource management. They have specific responsibilities depending on the needs and wants of the organization. The job description of a manager varies from organization to organization. However, the role of managers within the functional areas of a business involves planning, organizing, leading and controlling. According to French and Henning (1966) showed that the traditional definition of one functional role, of a personnel manager, is misleading. Their study of the personnel manager in twenty five firms revealed that: he does not have the same degree of authority in each area of his responsibility and his authority varies from one type of decision to another even with a single area of responsibility (Henning and Mosely, p. 482. para. 2.). The type of a manager holds has some influence on the perceived importance of the managerial roles. According to the functions approach, a manager performs certain activities or functions as they effectively and efficiently coordinates the work of others. The job of a manager may include several different specialties and require behaviors that are neither dramatically different nor exactly the same as any particular functional specialist (Pavett and Lau, 1983, p. 175). The role of a manager is specific action or behavior expected of and exhibited by him. The manager’s role involves such functions...
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...The Growth of Alibaba pg.8-pg.10 * Alibaba Business Model pg.11 * Five Forces Analysis pg.12-pg.13 * Present the Corporation Now pg.13 * Business Environment pg.14-pg.15 * The Financial Analysis pg.17-pg.18 * SWOT Analysis pg.19 * Recommendation for Alibaba pg.20 * Conclusion pg.20 * References pg.21 Definition * E-commerce Electronic commerce, commonly known as e-commerce or eCommerce, is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction’s life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices, social media, and telephones as well. Electronic commerce is generally considered to be the sales aspect of e-business. It also consists of the exchange of data to facilitate the financing and payment aspects of business transactions. This is an effective and efficient way of communicating...
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...Ankit Singh and Juan Alberto Calero Part A – e-Commerce in China vs USA 1. Overall, what are some key opportunities and challenges (obstacles) that confront ecommerce in China? How are these challenges similar / different from those confronting e-commerce in the US (or other countries that you are more familiar with)? Some of the key opportunities of e-commerce in China are: The internet penetration rate in China is growing at a much faster rate as compared to other countries. 25.5% users in China have engaged in e-commerce, while in US 71% has done so. This represents an enormous opportunity for e-commerce services, given that there is room for growth in China. The market is China is still in the beginning of its growth stage. The manufacturing prowess of china provides an excellent complement to the ecommerce market. Online shopping market has grown 64.1% over last year to $1.5 Billion. Online B2B market is valued at 65.7 B 69.8% yearly growth. With these accelerated growth rates, the e-commerce market will developed very quickly, players need to be aware of the stage of e-commerce in China and address the market accordignly. Small and medium sized enterprises (SMEs) contribute to 68.8% of nation gross industrial output. Only 28% of SMEs utilised third-party B2B e-commerce platform. The government has a plan to increase it to 80% by 2012. Given this, the projected demand for e-commerce is known. In addition , players also known which type of businesses are using e-commerce...
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...After reading the case study and analyzing the issues that were presented for the business. We noticed some problems happening with the management of the business it self. We then decided to separated the major problems with the minor problems, in the order that would have effected the business the most and its reputation within the community. As we know with any business especially a business that is a focal point for the local community reputation is very important when it comes down to operating the small business. Criterion Hotel is the only "Pub" for miles maintaining the business and its employees to the highest standards is the key to success. Analyzing the case study we can clearly see that last month there was a serious problem, The business lost potential customers, which intern caused tension build up between the owners and the employees. In my opinion one of the first major problems that occurred during the crisis was the fact that In the bar, a fight broke out between the asparagus pickers for Green Giant from Hibbing, MN, and the roustabouts who were in town setting up for the Midwest Rodeo down the highway. Homophobic statements were made, along with anti-Gay graffiti on cars. (This incident made the local news, and the hotel has received calls of complaint from several Gay rights' groups in the Twin Cities.) To make matters worst The brawl spilled out into the car park, and in the general excitement someone cleaned out the cash register and took a case of...
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...Abstract The business research process is an important tool that can help the marketing in a business. By using the steps of this process managers are able to make decisions based on the study of the consumer and target audience. It is also important to identify the competitors in order to stay profitable and competitive. Business Research Process The business research method involves the studying of all parts of a company, the customers, and the market to make important decisions for the business. The strengths and weaknesses of a company are evaluated but especially how a customer views their goods and merchandise. Management studies the competition and the industry that which they are a part of. As part of the management at AZ Alarm Company, I make use of the business research process myself. The first step in this process is to identify the significant competitors in the industry. In the alarm industry it is important to know what other companies are offering so that we stay competitive and bring in new customers while still making a profit. Most of this information is readily available and easy to obtain. The second step in the process is to study the customer or consumer. Doing this enables management to find out what the needs and wants are in order to create new products. By analyzing this information it is also to be determined the amount of money someone is willing to spend on these services. After this information has been gathered it is ready to be analyzed...
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...countries today? Groupon knew that people want to try something new if the price is low. Business would offer low prices if they knew they could sell a large quantity. Groupon offer different type of values to the consumers and merchants respectively. First, Groupon gives low price and different type of experiences to fit their consumers through deal-of-the-day offering. Consumers receive an exceptional value. So, merchant could get new customers without advertising cost and Groupon get a revenue by linking both consumer and merchants. This is kind of win-win strategy in the new type of business model. All of them such as Groupon, merchants and consumers could get benefit from business model. Second, they knew that consumers don’t want to be asked when they return their products. So, they didn’t asked anything if consumers want to return. It makes consumers’ feel more comfortable. Third, Groupon creates Groupon store and mobile service called Groupon Now. This make more merchant to participate on a deal and Groupon could target to sell to specific customer. Because more merchant want to more revenue without high cost. So, Groupon make Groupon store. Also, consumer want to low price. So, Groupon can instant responsiveness marketing by offering a service called Groupon Now. Conclusively, Groupon knew both merchants and consumers behavior. So, Groupon could rapidly increase their business. 2. What is the Groupon Promise? How does the Groupon Promise affect a consumer’s...
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...A Literature Review of Business/IT Alignment Strategies. This journal is about a literature review which is useful for evaluating different alignment approaches, with the aim of discovering similarity, maturity, and capability to measure, model asses and evolves the alignment level existing among business and technological assets of an enterprise. The top research issue for currently is the alignment between business processes and supporting software system. For the first time the issue was mention in the 1970 and then several studies and researches were conducted focused the alignment concerns. Actually this paper is aiming to review a proper analysis which considering the alignment topics. From the view of the business and technological alignment, it focuses on the degree of the information technology mission, objectives and plans, support and is supported by the business mission, objective and plans. To looking how the organization can achieve alignment, the traditional approaches have been used, however only a little contribution about how to identify and correct misalignment. To complete the alignment strategies, the modeling and measurement is a must. The phase of modeling is about the various entitled the alignment concept and the links between business and IT entities. Measurement of the alignment degree existing between the chosen assets for establishing if there is any improvement. The alignment is supported by an automatic support where it’s all the processes. There...
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...part, you are required to categorize your research results under three to five subtitles in order to aid readability; under each subtitle you must deal with the same or similar topic. Besides presenting the important international business activities regarding the company, you should concentrate on analyzing the collected information particularly by using the knowledge, theories, and principles that you have learnt from the class and the textbook. For example, you should analyze how the firm deals with a variety of political, economic, legal, and cultural issues when it is engaged in international business (e.g., exporting, importing, and foreign investment) in different countries. You should also analyze and evaluate what kind of entry modes, strategies and organizational structures that the firm adopts while it is engaged in international business activities. While you analyze those issues, you should try to indicate clearly how they are related to the international business management concepts, principles, and possibly other real cases or companies we have leant from the textbook and the class lectures, and specify which page, which figure, or which exhibit in the textbook (if available). More relevantly, you should focus on analyzing a couple of critically important aspects you have found from your research efforts. And do NOT try to deal with everything. If you intend to cover everything, you are most likely to turn out to cover nothing. Please keep this proverb...
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...CONSUM CASE STUDY 1. Identify and list Consum’s stakeholders, classifying them into internal and external and draw Consum’s power mapping. Consum`s Stakeholders: A stakeholder is an individual, group or organization with an interest financial or otherwise in the success or failure of a business. In this case, Consum has many stakeholders and should be considered as an unusual case as it as a cooperative and this affects the way Stakeholders behave within or outside the business. A cooperative is an autonomous association of people who voluntarily cooperate for their mutual, social, economic and cultural benefits. List of stakeholders: * Consumers * Employees * Government, which can be divided into European Government, state government and regional government * Ecologists * Financial institutions * Suppliers * Consumer`s association * Competitors * Fresh food suppliers * Electricity companies * Ecologists Stakeholders can be separated into Internal and External depending on whether they are groups within or outside the business. Internal Stakeholders: External Stakeholders: - Consumers who are members - Consumers not members - Employees - All types of government - Ecologists ...
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