Intro to Business Essay

FRANCHISE Case Study Questions: 1) Discuss the benefits and drawbacks of opening a franchise. (6 marks) The benefits of opening a franchise is that the franchisor would provide support, assistance and training; they would have a recognized name and products and; opening the franchise would be a reduced risk to the franchisee. The drawbacks of opening a franchise is that there would be restrictions on operations as the franchisee would have to follow the franchisor’s rules and regulations; must pay franchise fees and the percentage of sales to the franchisor and; there would be a loss of management control, prices, wages or even innovation. 2) Evaluate the benefits and drawbacks of running this franchise with a partner rather than doing it on your own. The benefits/advantages of running this franchise with a partner would be; It would be fairly easy to start the partnership with an agreement between two people; It would be easier to raise more capital than a sole proprietorship; We would have greater skills and expertise with two of us as partners and; flexibility to support and help each other. The drawbacks/disadvantages of running this franchise with a partner would be; there could be conflicts or disagreements with a partner; we would be sharing the profits and; there could be difficulty in leaving or ending the partnership. 3) List 6 key characteristics that you and your partner will have to display in order to be successful in this entrepreneur endeavor. The key characteristics that my partner and I would have to display to be successful in our entrepreneur endeavor would be, to be: Ambitious, committed, self-confident, energetic, passionate, creative, passionate, determined and risk takers. 4) List 6 stakeholders and discuss how they are impacted by your business. 1.Employees – my business would create jobs Customers – my business would be a convenience of another franchise available Suppliers – my business would give suppliers more business Government – my business would pay taxes (business and employee, etc) to help the economy Local Community – to create a better local economy of having a business Environment – to be environmentally responsible by using reduce, reuse and recycle FRANCHISE Case Study 1: Intro to Business 5) Using your knowledge of demand and supply theory. Draw a market for Dominos Pizza with demand (BLUE Line) and supply (RED Line) equilibrium assuming the average price customer pays for a Domino’s pizza is $9 and sells an average 500 units a week. (2 marks) Dominos Pizza – Supply and Demand in One (1) Week UNITS The pizza market is highly competitive and competitors prices impact and demand. On your diagram, draw the shift in demand that will result from new low price $5 hot and ready pizza offer by its competitor Little Caesar’s. Discuss the impact on Domino’s (in terms of its price and profits) . (2 marks) Due to the low price of the competition (Little Caesars) means Dominos pizza’s Demand Curve will DECREASE (GREEN Line) which means the profits will decrease along with the demand for Domino’s higher priced pizza. 6) As a local franchise, using your knowledge of the promotional mix, describe 4 tactics/strategies from the promotional mix that you could use to promote your local store. Be sure to explain how it will increase sales. (4 marks) 1. Personal Selling – to use a sales person to assist customers in making a purchase 2. Advertising – using different media channels to build awareness of the product 3. Public Relations – to create a good image of the company & product through publicity and sponsorship 4. Sales Promotion – to stimulate sales through coupons, discounts, contests & special offers 7) Make 2 recommendations to Domino’s Pizza Corporate on how the marketing mix could be changed in order to meet customer needs and continue to grow the company. (4 marks) The Marketing Mix is a blend of product offering, pricing, promotional methods and distribution system that brings a specific group of consumers superior value. My two recommendations to Dominos Pizza Corporate would be concerning the ‘Product’ to make smaller personal sized pizzas and my second recommendation would concern ‘Pricing’ to have a special introductory low price to attract customers, to the new personal sized pizza. My recommendations would meet the more ‘healthy = smaller sized portions’ of food to the healthy minded customer – and this would help with the growth of the company.

Techniques of research Essay Example | Topics and Well Written Essays - 1750 words

Techniques of research - Essay Example Kim, A.-H. et al. â€Å"Graphic Organizers and Their Effects on the Reading Comprehension of Students with LD: A Synthesis of Research.† Journal of Learning Disabilities 37.2 (2004) : 105-118. 16 July 2011. This peer reviewed article examines the effects of graphic organizers on reading comprehension for those students facing the problems of learning disabilities. This article compares the standardized reading comprehension with the reading comprehension with the use of graphic organizers such as semantic organizers, cognitive mapping. The article concludes that the use of graphic organizers have improved reading comprehension overall for students with learning disabilities. This article is taken from Journal of Learning Disabilities, which is considerably recognized for its authentic and reliable work throughout the academic world. In addition, it is available at Sage Publication, again which prefers to publish reliable piece of work. This article provides the basic informati on relating to the research work. The use of graphic organizers for reading comprehension for students with learning disabilities; considerably fulfills the required need of information on the topic. DiCecco, V. M., and M. M. Gleason. â€Å"Using Graphic Organizers to Attain Relational Knowledge From Expository Text.† Journal of Learning Disabilities 35.4 (2002) : 306-320. 19 July 2011. This article focuses on the implications of the expository text. For this purpose, this research is carried out on K-12 participants in order to assess the potency of the graphic organizers as a comprehension tool. By highlighting the key concerns relating to graphic organizers, the researchers try to examine the effects of graphic organizers under treatment and control conditions. The results support the use of graphic organizers for students with learning disabilities to increase their relational knowledge from expository textbooks. When factual knowledge was analyzed via multiple choice que stions and tests, the results mention no difference found between control and treatment conditions. This article belongs to the Journal of Learning Disabilities and is collectively published by Hammill Institute on Disabilities and Sage publication. Being a peer reviewed article, it consists of primary research over the use of graphic organizers on K-12 students . This article provides primary research over the use of graphic organizers. By clearly highlighting the difference of reading comprehension and relational knowledge, this article has facilitated in the broader understanding of the concept of graphic organizers. McCoy, J. D., and L. R. Ketterlin-Geller. â€Å"Rethinking Instructional Delivery for Diverse Student Populations: Serving All Learners with Concept-Based Instruction.† Intervention in School and Clinic 40.2 (2004) : 88-95. 19 July 2011. This article takes into account the role of teachers in assisting students to learn complex content during classes. The stud ents face the problems of studying facts without reaching the larger contexts. For that purpose, research at the University of Oregon concludes that if the teacher takes responsibility for explaining and identifying the concept within the parameters of course materials, students will be considerably relieved with above mentioned problems. At the same time, using the functional taxonomy, teachers can practically assess the realistic performance of

Indiana Geology and Landscapes Assignment Example | Topics and Well Written Essays - 750 words

Indiana Geology and Landscapes - Assignment Example The ice sheets carried with them sediments, which were a mixture of sand, silt, clay, and stones. When warmer weather finally arrived this mixed silt was left behind as the ice retreated north. arrived the advanced into Indiana and as outwash sand and gravel when the ice melted. The more uneven original bedrock was filled in with this accumulated debris finally producing a gently rolling, somewhat monotonous according to some, landscape. Â  There are hills and areas of higher land, as are shown in the relief map below but this is simply because these parts of the sedimentary rocks, which include limestone, dolomite, shale, sandstone, and siltstone, although they tip to the south west, were always higher in elevation than the intrusive ice sheets. This is especially so in the northeast of the state, although the highest point is actually in the south in Wayne County, near to the state’s eastern border. The rock there is the oldest in date, being from more than 440 million years ago. according to Indiana University, Department of Earth Sciences ( undated). Â  The same researchers state that the youngest rocks, mostly sandstone with some shale, coal, and limestone, referred to as the McLeansboro Group. This difference in the bedrock explains in part differences in the visible and invisible landscape. The dissolving of rocks such as limestone leads to karst landscapes with sinkholes and caves as in the Mitchell Plateau in Southern Indiana, as described by The Nature Conservancy, 2012. Stream rise and also disappear among a rolling landscape. The same site describes the Muscatatuck area with similar results from the dissolving of the bedrock, but in this case, the rocks concerned date from the Silurian and Devonian ages. ( See figure 4 ). Â  

Research methods Assignment Example | Topics and Well Written Essays - 4000 words - 1

Research methods - Assignment Example In addition, this project will generate both employment and wealth. On behalf of the Ministry of transport and the sponsor Ministry of finance, the project will be implemented in two phases with various contracts, under the supervision of the Saudi railways organisation. The civil works in charge of the construction of civil works for the route such as earth work and bridges has been awarded to one Consortium of four contractors, three Saudi companies and one Chinese company. The work started in April 2009 for a total period of three years and total value of 6.5 billion Saudi Riyal. The construction of four passenger stations was awarded to one Saudi-Turkish Consortium of two companies, Jeddah central and King Abdullah Economic City awarded to Saudi consortium of two companies. The trains and railway infrastructure and systems that encompasses all civil and infrastructure work that was not included in phase one, procurement of rolling stock, tracks and systems, in addition to operation and maintenance of the transportation system for a period of 12 years after commissioning. This contract was awarded to Saudi-Spanish Consortium in January 2012 for a total of 34 months. The Operation Control Centre (OCC) located in the area of the Jeddah Station will ensure and control a high level of safety and security through monitoring by several integrated systems, the automatic train traffic control and security functions, telecommunications network in order to provide radio contact between train and ground, providing on board and on ground security systems with many functions and services. The Supervisory Control and Data Control that will monitor the power supply systems , a Closed Circuit Television system that will be used to monitor the whole railway line and building security systems. The minimum spacing between the trains is set at four minutes and according to

Summary of Margaret Newman's and Rosemarie Parse's Grand Theories of Essay

Summary of Margaret Newman's and Rosemarie Parse's Grand Theories of Nursing - Essay Example The development of grand nursing theories helped to distinguish the discipline from the medical model, catalysed the extensive growth of nursing knowledge, and provided a framework for organizing nursing knowledge and nurse education curricula. Further, grand theories offer an alternative to practising solely on the basis of tradition or intuition, thus helping to professionalize nursing practice. Thesis Statement: The purpose of this paper is to summarise Margaret Newman’s and Rosemarie Parse’s grand nursing theories, examining their aim, their application to patient care and nursing, their key elements, and their strengths and weaknesses. Margaret Newman’s Theory of Health as Expanding Consciousness Margaret Newman’s 1990 theory of health as expanding consciousness arose from her insights on long-term illness. She believed that through the invalid’s expansion of consciousness, they gained a deeper appreciation for life and more meaningful relation ships. This abstract model required recognition of the life pattern, acceptance of illness as part of the life pattern, and health as an expansion of consciousness. The pattern of expanding consciousness evolves irrespective of the form or direction it may take. Through this realization, illness and disease lose their demoralizing power (Rich, 2011). The theorist believed that the focus of nursing is on the nurse-patient relationship. Pattern-recognition is the key element of nursing practice and interventions. The more expanded the consciousness of the nurses, the more readily they are able to enter a transformative relationship with clients, to help the latter regain health by minimizing disease and emphasizing health (Newman, 1999). The purpose of this theory of health as expanding consciousness, is to underscore the human experiences of transformation through time and space to a more highly organized pattern of the whole. Newman’s perspective of health and illness as a un itary process moving through variations of order-disorder, was built on Rogers’ 1970 life process model with a holistic and unitary view of humans, and from Young’s idea of the acceleration of evolution of consciousness. According to Newman, consciousness pertained to all information of a system that related to its capacity to interact with its environment. â€Å"Consciousness as the essence of all things that exist, including humans† (Kim, 2006, p.297), is a part of time and space, and is reflected in movement. Newman’s theory considers health as a synthesis of the fusion of disease and non-disease, that is health consists of both wellness and illness. Disease and nondisease form â€Å"a larger wholeness that takes on a new and different form that is not diminished by illness† (Rich, 2011, p.290); this health creates a more inclusive consciousness. Therefore, the key characteristics of Newman’s theoryare: Health includes illness or patholgy ; these pathological conditions are a manifestation of the total pattern of the individual; the pattern of the individual that eventually establishes itself as pathology existed as a primary feature before the occurrence of structural or functional changes; by removing the pathology the individual’s pattern cannot be changed; â€Å"if becoming ill is the only way an individual’s pattern can manifest itself, then that is health for that person†

In what ways and to what extent do networks and social capital Essay

In what ways and to what extent do networks and social capital influence and support entrepreneurs - Essay Example The discussion would begin with a brief overview on the entrepreneurship approaches with respect to the social network, which would further lead to the detailed discussion on social networks and theories. Further, several theories on social capital and network would be evaluated to understand their significance in entrepreneurship. The contribution of family for the creation of social capital would be also analyzed here in details. Finally the essay would be concluded stating the entrepreneurial traits and its role in the present global business scenario. An increasing trend of embedding the business decisions in the social structures, by the entrepreneurs, has been increasingly noticed these days. So a structural approach has been used to understand how the entrepreneurs utilize the social relations to acquire resources or suggestions for floating a venture or business. It goes without saying that for establishing a business, an entrepreneur requires to have various resources and co ntacts during different phases. Based on the structural approach, it has also been understood that irrespective of the cultural differences, entrepreneurs approach their social relations in the same way to acquire resources. ... This definition is also applicable for those who take over an existing venture, to start a business. The concept of social network focuses on the relationship between the entrepreneurs and those who provide resources to them for establishing the business. The entrepreneurs must have the set of skills and knowledge to test the networks and resources before utilizing them, but they also need to complement those resources by producing and delivering the goods and services for them. The entrepreneurs also get the access to the knowledge, support and distribution channel with the help of social networks. The availability of such resources helps the new firm to attain a sustainable growth. However, social networks are not permanent and they can be stimulated according to the different requirements. In order to fit the needs of the enterprise, the entrepreneur consider both the distant and close networks, with respect to the business decisions. Family members also play a critical role in ca se of entrepreneurship, as they also offer different kinds of help inform of assets or finances (Thornton, and Flynn, 2003, p. 401-402). Social networks are gaining importance among the business owners or entrepreneurs because they assist the start up firms with information, new business opportunities, advices, and various other forms of resources. The entrepreneurs to some extent are depended on these social networks which includes their personal relationship for problem solving and decision-making functions. The development of the social capital is also the outcome of establishing strong social networks. The social capital derived from the networks consist of the resources that is obtained from

Managing asmall business Dissertation Example | Topics and Well Written Essays - 2000 words

Managing asmall business - Dissertation Example While this study will focus on all important aspects of managing a halal business, management techniques and business practices related to the successful operation of a local, small halal foods store will be the primary interest of this study. The focus of this research will be one such local Halal food shop serving both Muslims and general halal food purchasers, Marhaba. 2.3 What will the general topic area be, and can you give us a general overview of the developments to date in this area? What is already known about the area/industry/issue? The academic focus of this dissertation will be management. Specifically, this dissertation will analyse the management techniques and business stratigies employed by Marhaba, a local halal foods shop, to appeal to their unique customer base: Muslims seeking to purchase halal food. The specific industry being studied will be the local halal foods industry, and the specific organization to be considered will be Marhaba shop. Before a basic liter ature review can be conducted, halal food needs to be defined. The Islamic Food and Nutrition Council describes halal food in specific terms by saying, â€Å"Halal is an Arabic word meaning lawful or permitted. The opposite of halal is haram, which means unlawful or prohibited. Halal and haram are universal terms that apply to all facets of life,† (IFANCA). The IFANCA goes on to describe some common haram foods, such as pork, alcohol, and birds of prey. The idea of halal comes from the Al-Baqara of the Quran, which says, †O, ye men! Eat of what is in the earth lawful and wholesome and follow not the footsteps of Satan; for verily he is an open enemy to you,† (Quran). According to a recent report conducted by the government of Canada, the 1.6 billion Muslims currently alive are the engine behind a growing $580 billion halal food market. This report gives an encouraging take on the market saying, â€Å"There is strong commercial potential for halal certified produc ts, with consumers looking for safe, genuinely certified and diversified halal products,† (Canada 2008, 4). This promising market data shows that the market is growing, and remains already large. While a local halal grocer will only take in a miniscule fraction of this \market, a growing market is encouraging for any business, no matter the size. One of the biggest concerns for any management is whether or not the current customer base will be there in the future. Bubbles pop, booms die, and fads fade, yet a true niche market will serve a business for years. (please write source These sentences were not drawn from a source, this is using common knowledge which is acceptable according to MLA standards. If you were citing specific bubbles or niche markets you would need to cite this, but in this context, these sentences are just a general introduction to the main point.)The question facing halal food shops across the UK is will the European Muslim population remain as large as i t has been in the future, or will this population dwindle in size? According to a 2011 article by Steve Doughtry for the Daily Mail, the answer to this question is no. According to Doughtry, the UK will have 5.5 million Muslims within 20 years, forecasting England to have more Muslims than Kuwait in the year 2030. While these statistics certainly draw up an immigration conversation, in terms of the halal foods industry, they couldn’