Week 3:
LDR 301 Week 3 - Learning Team Assignment Entrepreneurial Small Business Project Phase I
You are an entrepreneur. You have just purchased the Salon D’ Luce business. This includes all of the existing staff, business, and leftover issues.
Resources: Salon D’ Luce Scenario and assigned weekly readings Read the Learning Team Scenario for details about this business. Complete Phase I of the Entrepreneurial Small Business Project. Phase II is due in Week Five.
Write a 1,400- to 1,750-word paper that completes the following:
• Provide an overview of the key issues for Salon D’ Luce.
• Discuss the communication, time management, and stress management skills you might use as you take over this business and staff. Explain how the previous owner communicated with the staff and public. Identify how you might do things differently, including the following:
o Communication skills and strategies specific to working with the staff
o Communication skills and strategies specific to working with the public
• Which communication skills are most important and how might they be effective? Consider nonverbal and active listening, for example.
• Because you have taken on such a big venture, what skills might you use to manage and organize your time? Provide specific details about which tasks might take the most time, strategies, and so forth.
• How might you manage your stress? What specific strategies might you use? Why might you use these strategies?
• Identify and explain what other skills you might employ to be an effective and efficient entrepreneur and leader for this business. Keep your personality assessment and entrepreneurial leadership characteristics in mind as you answer these questions.
• Identify a vision for your business. Create a vision statement and two or three goal statements. Remember to address weaknesses to set short term goals, and address the opportunities to set long term goals.
• Identify two or three strategies you might use to communicate your vision for Salon D’ Luce with both stakeholders and employees.
DQ 1: How do you know if your goal statement is measurable? Provide an example. Why is this important to an entrepreneur?
DQ 2: Why are goal statements created? Provide an example. Are goal statements different from mission statements? How are the statements different?
DQ 3: Why is it important to create an entrepreneurial vision? What effect does a vision statement have on a business and on the staff? Provide real life examples.
DQ 4: Choseone of the following mission statements and create two goal statements that might help the business become more successful.
Week 4:
LDR 301 Week 4 - Learning Team Assignment Weekly Reflection
LDR 301 Week 4 - Individual Assignment Entrepreneurial Leader Paper
Write a paper that does not exceed 1,050 words. Include the following information in your paper:
• Identify a famous person, politician, or businessperson.
Referencing your Week One readings about the different types of entrepreneurial leaders, identify the type of leader that seems to fit with your identified person.
• Support your opinion with a comparison of the different types of leaders and the characteristics of your person of choice.
DQ 1: What are some tools that may be used to evaluate employee performance? How is employee performance evaluated at your job? If you don’t work, how would you evaluate your employee’s performance?
DQ 2: What are some different options for compensating employees? What are some ideas for rewarding employees? Which of these compensations and rewards are most motivating for you? Why?
DQ 3: What or who makes up a small business entrepreneurial team? What issues might arise within entrepreneurial teams? How do you think this team is different from other types of leadership teams?
DQ 4: If you were an entrepreneur, do you think you might take control of the performance, recognition, and compensation piece, or would you have a manager or human resources representative take control? Why or why not? Explain your answer. What role might you take as the entrepreneur?
Week 5:
LDR 301 Week 5 -Learning Team Assignment Entrepreneurial Small Business Project Phase II
Write a paper that does not exceed 1,050 words. Include the following information in your paper:
• Identify a famous person, politician, or businessperson.
Referencing your Week One readings about the different types of entrepreneurial leaders, identify the type of leader that seems to fit with your identified person.
• Support your opinion with a comparison of the different types of leaders and the characteristics of your person of choice.
DQ 1: Chose the leadership style that best describes you as an entrepreneur, such as explorer, miner, accelerator, or integrator. Based on that leadership style, how might you be able improve customer service in a small business?
DQ 2: How do the different types of entrepreneur leaders, such as explorer, miner, accelerator, and integrator, approach customer service differently? Explain your answer, and provide specific examples to support your response.
DQ 3: What is the role of customer service in a small business? Why is it important? Explain your answer, and provide an example.
DQ 4: Customer resource management (CRM) is becoming a huge part of many businesses. What value does CRM add? What are the future technology trends in CRM?
