Business terms

is a long-term orientation. For example, a recent study by Yu, Brigham, Sorenson and Lumpkin (2012) summarized the data from 12 years of family business research and they found that family firms are mostly characterized by a long-term orientation, as revealed in a governance focus on strategic and succession planning. A firm becomes a family firm when the owners decide to keep business ownership in the family for the long term, as opposed to shutting the doors or selling the business to…

One important key to academic success is setting educational goals both short and long term. the reason for setting short and long term goals is to keep site of what is important . Goals can take a while to achieve and it can become easy to get discouraged with the timeframe so it is important to break things up and achieve smaller things to check of so you can…

loved the older adult population I would open and own my own dementia day care. After creating this long term goal for myself, it seemed as If I then was able to see who I was, and why I was a significant contribution on this…

Having committing some transgressions of my own, I am one of the proponents of this topic. Not securing long-term employment, very bad purchase decisions, educational loans and some scary medical mishaps has my credit score pretty low at the moment. And yet, I would like to have a home of my own one day. It will take some time to clear the accounts that are weighing me down but at least I know what I have to do to fulfill my dream. The current real estate marketlets discredited clients know…

corporate or business strategy. In simpler terms, the operations strategy specifies how the firm will employ its operations capabilities to support the business strategy. Operations strategy has a long-term concern for how to best determine and develop the firm's major…

Understanding Business Home Solutions There are several factors to consider as a small-business consultant for Home Solutions. Home Solutions plans on opening two new stores so they will need to take into consideration their finances and the potential cash flow problems due to growth. In this paper I will talk about why there is potential for cash flow problems and possible solutions to avoid and recover from potential cash flow problems. Opening two new stores, Home Solutions will need to do…

of business-IT alignment, with BITA being conceptualized in the academic literature in various ways. Henderson and Venkatraman define such alignment as “the degree of fit and integration among business strategy, IT strategy, business infrastructure, and IT infrastructure”. They developed a Strategic Alignment Model (SAM) that addresses the alignment on the different levels of IT and business (Henderson & Venkatraman 1993). The model is based on four key domains of strategic choice: business…

why I wish to become President. When I first came into Syracuse University, I wanted to find a place where I could nurture myself and build skills that would make me become a better leader, especially in the field of business. So, in the second week of school, I joined various business clubs such as the Financial Management Club, the Entrepreneurship Club, and the Investment Club because I believed that these clubs could help build me. However, when I first saw Alpha Kappa Psi tabling, I was…

dropbox. The first strategic alternative developed utilizing the SW/OT matrix is for AutoZone to launch a focus marketing effort to target the commercial auto repair market, and utilize all retail locations as pick up spots for commercial repair business needs. Parnell (2014) points out that not all AutoZone locations currently participate in the commercial repair program. However, I would argue that this it is necessary for all locations to participate as it will greatly increase the…

is also a need to analyze their short-term financing policies. By measuring these, one can determine what portion of the company’s sales cycle needs to be financed by cash. For obvious reasons, shorter cash cycles are more healthy for a company. To minimize cash cycle, there should be initiative on the corporate level to minimize inventory and receivables periods and maximize payable periods. Short-term financing Ex-1 As seen in the table above (Short term financing Ex-1), Costco’s inventory…