To run a business profitably, especially in the modern times where business is dome at the speed of thought, achieving business stability and growth can be made possible by setting goals that have to be achieved and using the proper tools and methods. (Elkin, 1998) Enhancing the business can be achieved by reaching the predetermined point where the investments match the output and there is a situation where the investment has begun paying. This point is called the break even point. In every business there is a great element of risk. A business becomes successful only when the risks are minimized. Risks cannot altogether be eliminated but can be minimized. This is done by structuring the credit risk and adjusting the spending and other influential patterns of the entity. (Culp, 2001)
Sometimes the very core of the business need be redefined to achieve the objective of making profits. Strategic redefinition of the business is necessary when changes occur so Fast in the market that the corporation has no go but to redefine itself in the market. Following the game theory this can be caused by the changes in the market, which may grow and shrink redefinition of the market as a result of changes in technology or innovations. The change is also required by the action of competitors. (Muhlfeld, 2004)
Adapting technology
It is important to keep with the times and today the emergence of technology and internet has made decision making and information retrieval easy. Communication also has become unimaginably advanced and the technology also gave rise to a host of new business possibilities. A company can optimize the business by using the smart business systems -- SBSs which help decision makers respond instantly to changes in the market or business environment. It is important to note that in the modern times companies will be judged by the way they have "leveraged E-business applications to differentiate themselves from the...
" The foremost risk involved with implementation of the innovation is its rejection and for that matter, its failure. What if it does not work? What if it is not accepted? What if a better alternative is available? What if it is not cost efficient? What would be the correct and most suitable time to make the innovation public? There are many such questions associated with the implementation of innovation process. The risks involved are, namely,
Business as an Ethical Calling: My Personal Philosophy The last several decades have seen American enterprises beset by a number of ethical scandals, spanning from the accounting fraud of Enron and WorldCom to that of the recent subprime housing debacle and credit crisis of 2008. As a result, there has been a call to integrate ethics into the business studies curriculum and to try to temper the cutthroat atmosphere amongst ambitious
Business Ethics "the High Cost of High-Tech Foods case" The cost of high-tech food continues to arouse debates over the ethical, moral, and practical impacts the foods have on the people, market, and economy. However, it is evident that the proponents and opponents of the motion do not seem to come to agreement as each holds their view right. The situation worsens due to the application of emotions in addressing the matter
Stakeholders may also exercise political power indirectly, for example, during protests by environmentalist on a government move. Lastly, the stakeholders have legal power. Legal power means they can sue the business firm if they feel they unfairly treated by the business firm. This happens when they sue a corporation for damages due to harm caused by the firm on the stakeholder. An example is a lawsuit by customers for damages
Business Plan GBSGreen Building Solutions Company Description Product & Service Description Marketing Strategy & Plan Environmental Analysis (SWOT/PEST) Competitive Analysis Products and Services Pricing Promotion People Financial Analysis & Projections Profit and Loss Risks and Assumptions GBSGreen Building Solutions Business Plan According to the Environmental Protection Agency (EPA) the impact of commercial buildings on the physical and social environment are such that there is "not questioning the vast impact…" (Environmental Protection Agency, 2006) Commercial Buildings are reported by the U.S. Department of Energy's Energy Information Administration
Business Plan of Searchyyy.com a Meta search engine Market Opportunity & Solutions Business Model and Strategy Search engine according to countries and languages Advertisement Revolution Social Networking and Blogging Sites Revenue Opportunities Sales and marketing plan Technology overview Technology implementation Intellectual property Competition Financials Current ratio ROE Debt to equity ratio (D/E) Management Organization and Ownership Organizational Structure Risks and mitigation Searchyyy.com, Inc. is Meta search engine which intends to provide a multi-category search engine to its users at a faster pace. The growing technology has evolved our lives. Users
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