Debunk the conventional idea Seeking Outside capital is necessary for business

Debunk the conventional idea Seeking Outside capital is necessary for business
Order Description
Debunk the conventional business wisdom that Seeking outside capital is necessary for business . Explain why the belief is so pervasive BUT ARGUE WHY IT IS WRONG. Describe exceptions and limitations to the theory. Tell us when the theory breaks down. Offer vivid persuasive examples from your experience and research. Include a counterargument and refutation. Use at least 12 sources from the Harvard Library website: library.harvard.edu Cite all sources. MLA format.
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Identify three kinds of business organizations that would have difficulty in becoming a successful e-commerce organization.

Identify three kinds of business organizations that would have difficulty in becoming a successful e-commerce organization.
Answer: Three forms of business organization are: Sole Proprietorships: This is simplest and numerous form of business. It is an incorporated business owned by any person. Advantages: 1) simplicity, 2) autonomy, 3) Sole gain, 4) Single Tax, 5) Shelter income Disadvantages: 1) Limited resources, 2) Unlimited and unshared liability 2. Partnership : It is an association of two or more person to carry on as a co-owner of a business for profit. Advantage: 1) All partners get profits. 2) It is free from federal income tax. Disadvantage: 1) The death of a partner may automatically end the partnership.2) Unlimited personal liability of the partners 3

identifying several possible IT solutions and their business benefits that could help small businesses become more successful.3. How could the use of information technology help a small business you know be more successful? Provide several examples to support your answer.

SewWhat? Inc.: The Role of Information Technology in Small Business SuccessWhat do Sting, Elton John, and Madonna have in common? Besides being international rock stars, they all use theatrical backdrops designed and manufactured by custom drapery maker sew What? Inc. Based in Rancho Dominguez, California, Sew What? Provides custom theatrical draperies and fabrics for stages, concerts, fashion shows, and special events worldwide and has become an industry leader in rock-and-roll staging. Founded in 1992 by Australian-born Megan Duckett, Sew What? has grown from a tiny kitchen-and-garage operation to a multimillion-dollar enterprise, thanks to Ducketts never-say-no approach to customer satisfaction. When I see a problem, I just dont back down. I find a way to overcome it and I use everybody I know to help me, she says. What made it possible for a one-woman business that started in a kitchen to evolve and grow into a multimillion dollar company with 35 employees? Megan Duckett attributes her success to hard work, quality workmanship, and especially information technology. So What? has enjoyed explosive growth in recent years, reaching $4 million per year in sales by the end of 2006. Company president Duckett credits much of her firms rapid growth to its ability to leverage information technology and the Internet to drive sales. Before we put up our Web site, sewwhatinc.com, our business was almost all local, says Duckett. But after launching the Web site three years ago, we now have clients all over the world. In fact, last year our revenue grew 45 percent on the previous years sales, and this year we are on target to enjoy a 65 percent increase on 2005 sales. And nearly all that growth came from Web-driven sales. Although the companys Web site may take center stage, managing all the business the site brings in requires a lot of effort behind the scenes. In particular, Duckett relies on a solid IT infrastructure to help keep the company running smoothly. We are a customer-centric company, notes Duckett. Its critical that we have excellent back-office information technology to manage the business and deliver outstanding service to our customers. So What? runs most of its business with Intuits Quick- Books Enterprise Solutions Manufacturing and Wholesale Edition software and Microsofts Windows Server operating system installed on a Dell PowerEdge 860 server, sporting an Intel Xeon processor and 146 gigabytes of disk storage. According to Duckett, Running our business requires a lot of storage. In addition to customer information and vital operational and financial QuickBooks files, we need to store thousands of drapery and fabric image files, customer instruction document files, and other types of data. So What?S additional computer support includes an older Dell PowerEdge 500 server dedicated to a few smaller applications and a variety of Dell desktop PC systems for employees. So What? Started in 1992 as a part-time endeavor, with Duckett cutting and sewing fabric on her kitchen table. She went full time in 1997 and incorporated in 1998. The important role technology plays in running a successful small business hit home when she lost a big contract. The potential client said that without a Web site, her company lacked credibility. Before losing that contract, I thought, I run a sewing business, a cottage craft. I dont need a Web site, she says. Duckett admits she was rather cocky, mainly because she had grown her business quite well by word of mouth alone. I quickly learned the error of that thought process. You cant have that attitude and stick around, she acknowledges. Losing the contract also coincided with a period of low growth between 2001 and 2002. Thats when Duckett decided to embrace technology. Using Microsoft Publisher, she designed and built her own Web site. You figure things out and learn how to do it yourself when budgets are thin, she admits. Duckett kept working to improve the site and make it better for her customers. A year later, feeling that the site needed refreshing, she signed up for a 10-week course in Dreamweaver and again completely rebuilt the site. Yet another Web site reconstruction helped Sew What? grow into a company with customers around the world and a clientele list that includes international rock stars, Gucci, and Rolling Stone magazine. In 2005, Duckett decided she needed to improve the sites navigation because I wanted it to be sleek and to providea really good customer experience. That was beyond my abilities, so we hired a Web marketing consulting company to build a custom navigation system for the site. She worked with the hired guns on branding, search engine optimization, overall design, and site layout. Duckett still provides all the content, including text and images. Theres also a Spanish version of the site, and the professionals tuned up the main sites search features to include spelling variants for different English-speaking countries. For example, you can search for the American spelling of theater or the British and Australian version, theatre. The site also lets potential customers review all kinds of color swatches and teaches them how to calculate accurate measurements for their projects; the differences between a scrim, a tormentor, and a traveler curtain; the proper care and feeding of a variety of drapery materials; and a lot more. While perusing the Dell Web site one day, Duckett saw a news article about the Dell/NFIB Small Business Excellence Award. The National Federation of Independent Businesses (NFIB) and Dell Inc. present this annual prize to one small business in recognition of its innovative use of technology to improve its customers experience. The winner receives $30,000 worth of Dell products and services, a lifetime membership to the NFIB, and a day at Dells headquarters with Michael Dell and other senior executives.The description of the kinds of businesses they were looking for perfectly described Sew What? Duckett realized. Everything they were looking for, wed done, so I decided to enter. My husband [and business partner] laughed and reminded me that I never win anything. Writing the essay for the contest caused Duckett to reflect on everything she and her employees had achieved over the years: We got to sit back and feel really proud of ourselves. Just that process was enough to invigorate everyone in our weekly production meetings.The contest judges also recognized Megan Ducketts passionate commitment to customer satisfaction and use of information technology for business success, so they awarded Sew What? the Small Business Excellence Award. Winning the award proved to be a very emotional experience. Looking at the caliber and achievements of the nine other finalists, Duckett figured Sew What? would remain just a top-10 finalist: I could not believe that a big company like Dellso entrepreneurial and advanced in every waywould look at our little company and recognize it. Like other small business owners, Duckett puts an enormous amount of physical and emotional energy into her work. Winning this award is so flattering on a personal level, she says. This business is ingrained in every cell of my body, and to have someone saying, Good job, well, in small business, nobody ever says that to you. That may have been true previously, but Sew What?s technology leadership and business success continue to earn recognition. In March 2007, the company received a Stevie Award for Women in Business for most innovative company of the year among those with up to 100 employees. A few months earlier, Sew What? had received an SMB 20 Award from PC Magazine , which honors 20 of the most technologically innovative small- and medium-sized businesses (SMBs) each year. Small and medium businesses drive todays economy. However, they often dont get the attention and recognition they deserve, said PC Magazine s Editor-in-Chief, Jim Louder back. We want to highlight the hard work, technological leadership, and innovative spirit of thousands of SMB companies throughout the world. Duckett plans to use her prize winnings to add a bar code system that can track the manufacturing process at the companys warehouse. In the drapery business, fabric is stored on a roll in the warehouse and then moves through different stages: receiving, cutting, sewing, shipping, and so forth. The scanning process will enable Ducketts team to track how long the fabric stays in any given stage. These data will give them a better idea of their costs, which will then help them produce more accurate price lists. We dont need to charge an hour and a half for labor if the cutting only takes an hour and 15 minutes, Duckett notes. Currently, the company uses a handwritten system of sign-in and sign-out sheets that, she says, takes too long and introduces too many errors. The new system will also let us track the progress of individual orders, she promises. Well be able to provide better service by keeping the customer updated.CASE STUDY QUESTIONSREAL WORLD ACTIVITIES1. How do information technologies contribute to the business success of Sew What? Inc.? Give several examples from the case regarding the business value of information technology that demonstrate this conclusion.1. Search the Internet to help you evaluate the business performance of Sew What? Inc. and its competitors at the present time. What conclusions can you draw from your research about Sew What?s prospects for the future? Report your findings and recommendations forSew What?s continued business success to the class.2. If you were a management consultant to Sew What? Inc., what would you advise Megan Duckett to do at this point to be even more successful in her business? What role would information technology play in your proposals? Provide several specific recommendations.2. Small businesses have been slower to integrate information technology into their operations than larger companies. Break into small groups with your classmates to discuss the reasons for this state of affairs, identifying several possible IT solutions and their business benefits that could help small businesses become more successful.3. How could the use of information technology help a small business you know be more successful? Provide several examples to support your answer.
1.HowdoinformationtechnologiescontributetothebusinesssuccessofSewWhat?Inc.? Giveseveralexamplesfromthecaseregardingthebusinessvalueofinformationtechnologythatdemonstratesthisconclusion. Solution: Duckettwasabletogrowherbusinessfromlocaltointernationalclientsusingherwebsite. Herwebsitehelpshereducationhercustomersaboutcurtaindesign,allowsthemtomoreeasilymatchmaterials,selectcolors,andlearnaboutherproduct’s”careandfeeding.” Duckettisalsoabletotrackproductionworkflowsandmoreaccuratelycalculatecosts. Notonlyshouldthisinformationallowhertobettercapturecosts,butitmayalsohelpDuckettidentifyusefulprocesschanges,too. 2.IfyouwereamanagementconsultanttoSewWhat?Inc.,whatwouldyouadviseMeganDucketttodoatthispointtobeevenmoresuccessfulinherbusiness? Whatrolewouldinformationtechnologyplayinyourproposals? Providespecificrecommendations. Solution: ThearticleprovidesnoinformationaboutDuckett’scurrentchallenges,thoughrecommendationsshouldfocusonthem. Ingeneral,DuckettshouldgivescalabilityandflexibilitysignificantconsiderationwhenmakingfutureITdecisions. Herreputationmayleadtocontinuedgrowthand/orexpansionintonewareas. Shewillnotwanttofindherselflimitedbyherowninformationsystems. Lastly,Duckettshouldnotgettoocarriedawaywithprizes

How has computer software helped businesses in maintaining and compiling accounting information?

How has computer software helped businesses in maintaining and compiling accounting information?
Computer software is playing a great role in todays business environment. This is because of its advantages and characteristics. In earlier days, the compiling of accounting information was a very tough task due to the involvement of the manual process. Because of this, the finance department of each organization does not only put its most of human resource effort to manage the accounting information but also spend huge money as labour charge to collect and make the availability of the important financial information at the time of requirement. On the other hand, the use of computers has changed this scenario because there is several accounting software which collected the report related to daily business transactions, expanses, earnings and cash in hand

As a potential investor in a firm or perhaps the buyer of a particular business, would it be advisable for you to evaluate the companys financial statements? Why or why not?

As a potential investor in a firm or perhaps the buyer of a particular business, would it be advisable for you to evaluate the companys financial statements? Why or why not? What key information would you seek from a firms financial statements?
In the term of business, financial statements play an important role. It provides real statistics about the firm. The company law of each country and company registrar forces the management of an organization to use fact in the preparation of financial statements. Therefore generally businessman, investors, or individuals uses it to get information about the organization

Using an example business to business (B2B) organization with which you are familiar, identify four marketing challenges,

Using an example business to business (B2B) organization with which you are familiar, identify four marketing challenges, and recommend how those challenges can be addressed using the principles covered in this subject. Challenges may relate to: http://redfusionmedia.com/5-major-challenges-b2b-marketers/ Organisational buying behaviour Customer relationship management strategies Segmenting the business markets Business marketing planning and developing strategies Managing products Managing services Managing business marketing channels Managing innovation and new industrial product development Pricing strategies Business marketing communications.
Business-to-business (B2B) marketing refers to a situation that involves two businesses commercially transacting with each other like sale of product/service of one business to another. B2B marketing and consumer marketing both rely on the same basic principles except one, i.e

it is often believed that in a franchise business model employee loyalty is very less. discuss this with reference to organization structure and theory

it is often believed that in a franchise business model employee loyalty is very less. discuss this with reference to organization structure and theory
Low Employee loyalty can be a big issue in most franchises, particularly those that engage a large number of low-income positions, like fast food / retail ones. High turnover can truly affect operations in these businesses as the staff that quit are usually those who have the most amount of contact with clients. Utilizing a high quantum of untrained personnel in customer service positions generates a hugely negative feeling about the business among its client-base

Justify the effects of detecting organizational gaps in small business, providing examples to explain the rationale.

Select a small business with which you are familiar. Imagine that you have been called into that business to provide a consultation on training. Create a comprehensive training proposal for the business. Write a six to eight (6-8) page paper in which you: 1. Analyze key elements of training and development geared toward improving the performance of the specific small business for which you are consulting. 2. Predict three to five (3-5) potential challenges that the managers or owners of the business could face in addressing organizational performance. 3. Justify the effects of detecting organizational gaps in small business, providing examples to explain the rationale. 4. Propose a competitive training strategy that will improve the position of the business in the market. The strategy should include, at a minimum, an agenda of training activities, rationale for instructional strategies used, and the return on investment (ROI) that will be gained from the strategy you have developed. 5. Use at least three (3) quality academic resources in this assignment.Note: Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the students name, the professors name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

What factors are key to a successful brand restructuring?

1. How is business performing for P&G? For fiscal year (FY) 2013, what was P&Gs total revenue? How does this compare to total revenue in FY 2012? What was P&Gs net income (profit) for FY 2013 as compared to FY 2012? What conclusions can you draw from these numbers about the performance of the company now and in the future? Where will the source of the companys future growth (both top & bottom line) come from e.g., existing businesses; future acquisitions; new businesses? 2. What is P&G trying to accomplish strategically by restructuring & repositioning 300+ brands? What brands will carry the growth going forward? What are some examples of brands that P&G expects to sell? What are the benefits long term to the business regarding the current brand restructuring? What factors are key to a successful brand restructuring? Do you think P&G will be successful? Should investors in P&G be encouraged or discouraged?

Do laws and regulations always restrict or impede the efforts of business professionals, or can they actually help businesses?

Do laws and regulations always restrict or impede the efforts of business professionals, or can they actually help businesses? In addition to this, could you list some examples of laws or regulations that may have impeded business lately?
The laws and regulations are made by the government of the country to provide the protection to business, consumers and other in-direct stakeholders. The regulations or laws related to business do not impede the efforts of business professionals, while they serve to do business activities without any issue. Business professionals may face issue or problem, if they will not meet or comply with the laws or do behave against the defined laws and regulations. Although business professionals do not wrong or fraudulent activities and honest towards, company, business and customers, they have no need for any tough regulations and stringent laws. There are some business related regulations and laws that have impeded business lately