Business terms

What is a business strategy? It is about a long term planning of the business to achieve organization’s goal (Business Case Study LLP 2014). To become a successful organization, they need to follow the rules and regulation that fixed by the government as well as develop some good strategies towards achievement. One of the strategy is by using IS or IT in developing the government. Nowadays, the uses of IT/IS quite common among the business organization. Means that, the organization must know…

bleaching experts from laundry business. Accordingly through solution focused R&D, the company delivered Crest White strips to market with a level of tooth whitening and with a price of only $35 which…

RQ1 – What is a Business Model? The strategy of an organization defines goals of how the organization intends to gain an advantage over competitors, yet these goals do not materialize without an effective business model (Rothaermel, 2017). Thus, a business model determines how an organization is going to maximize competitive initiatives and ultimately create revenue. A business model helps an organization make money because the firm is able to provide superior value to customers (Osterwalder &…

used in strategic management to identify and improve various internal functions of a business and their resulting external outcomes. It gives leaders a more comprehensive perspective of their organization’s strategy. In general, the balanced scorecard is used to reinforce good behaviors in an organization by isolating four separate areas that need to be analyzed. These four areas involve learning and growth, business processes, customers, and finance. Hence, it’s used to attain objectives,…

1. Explain all TPS terminology in the house of Toyota production system (HTPS), and summarize the HTPS in your words to me. A. TPS – Toyota Production system is the processing unit i.e. brain of the Toyota. Many companies have learned and tried to mimic the system of Toyota. The rules and methods or tools used in the system have specific terminology. The TPS terminology in the house of Toyota Production System (HTPS) are: i. Just in Time ii. Jidoka iii. Heijunka iv. Kaizen. i. Just in Time:…

Sunshine Flower Shop out of Panama City, Florida is the business that is being proposed. Sunshine Flower Shop provides, delivers and sells plants, flower arrangements and even gifts. Each flower is grown here in my own backyard flower garden where customers can go and hand pick which flower they prefer to be on their arrangements. We provide flowers throughout the year for various occasions, from weddings to birthday parties, any celebrations and funerals. Our mission is to provide on time…

businesses. Businesses that are locally owned and corporations. Corporations first appeared in America around 1870 when men with men like Andrew Carnegie and John D. Rockefeller forever changed business in the United States. Before this time, locally owned or small family businesses were the norm. In today’s business world, however, corporations far outnumber small businesses. There are many differences between the two such as government assistance available, and perhaps the most important…

Acme Fireworks is a small business that sells and displays fireworks in multiple aspects. Whether they are stationary, multi-use, or single use, Acme can do it all in regards to anything fireworks related. That being said, the owner has informed me that we have received multiple inquiries from various; large businesses asking if we (Acme Fireworks) could produce multiple firework displays on a regular basis and that he had already made an offer that they both mutually agreed upon. An offer…

Business Concepts: Restaurant Style Since I was about nine years-old, I have always wanted to own my own restaurant. I am currently taking the steps needed to achieve my goals. While in college, I have learned so much about business and all the different types. I realize that I cannot just open my restaurant overnight, so learning and observing everything that I can will benefit me in the long run. So far the major business concepts of owning a restaurant are: forms of business ownership,…

establishing the business. She has to decide what type of business to establish, such as a sole proprietorship, corporation or Limited Liability Corporation (LLC). She also has to decide what level of involvement she will allow others to have in her business. Additionally, she has to decide if a franchise might be a better option. Lastly, she has to decide if her proposed business name will fair well in the marketplace. Establishing the Business In establish the type of business to…