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    Business Development

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    term “business development” often evokes a pretty vague response from business development professionals. Some claim it is relationships, others that it is about sales, and still others will say when prompted that it is all about the hustle of growing a business. The best definition, however, is the simplest: “Business development is the creation of long-term value from customers, markets, and relationships”. There are a few terms in that quote that require a little explanation. Let’s start with long-term value. What is Long-Term Value? Essentially, this is whatever commodity, be it cash, prestige, or otherwise, that allows a company to expand and grow. Short term gains are a dime-a-dozen, but they don’t effect lasting growth, instead…

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    Business Model Inventify’s business model allows for the creation of various revenue streams and also caters to the fact that it is often difficult to obtain capital for startups. Inventify is modelled not only to work for cash, but depending on the project length, difficulty and the financial situation of client, Inventify can receive payment in the form of fees, equity stake, and profit share. Unique Selling Point Inventify’s unique selling point would be the people at the firm, since it is…

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    Business Strategy (Author’s name) (Institutional Affiliation) Business Strategy Question 1 Costco's adopts a business model that is based on a best-cost strategy. Basically they utilize low-cost provider approach which consolidates that with making quality for the different partners by concentrating on incredible client benefit, a strict code of morals, regarding suppliers, remunerating shareholders, treating representatives like family and an in number feeling of ecological stewardship.…

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    Aims Of Business Essay

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    Introduction to Business Business aims and objectives (1) Pg.7 for references Aims Definition: Aims are ” goals that a business sets”. Objectives Definition: Objectives are “Something that will help the business achieve the aims.” A business set up aims and objectives to provide long term targets which makes sure that workers are working on the right track. ”This is done by thinking and planning strategically on what aims and objectives are needed to set up in order to” survive…

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    When looking at owning a business it is important to think about how management will act and what policies the company will put in place. Management can either make a business succeed or can help it fail. In any business it is important to have a strong management system in order to lead the company in the right direction. Before letting the management team run the company, there will need to be training done by the company to show the manager what is expected of them. In the beginning of the…

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    Business Strategy Analysis

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    The following paper will explore the concept of business strategy, and why it is important in business management today. To do this we will explore how the meaning of strategy has evolved over time. As well as defining how strategy differs to operational issues, and what implications this has for managers. Building on this we will discuss how strategy is able to assist managers and business with coping with uncertainty around activities. Finally, the author will present their personal…

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    Doing Business In France

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    Before the company makes the final decision to expand its operations to other countries, there are number of factors that need to be considered. The success of the business in a foreign country depends mainly on how much preparation was done prior to the expansion. If care is not taken, it can be a flop and can cost the company huge amounts of money. On the other hand, expanding to another country can open new opportunities for the company. Activity A Brunt management is in the process of…

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    clients at your home office if you run a home-based business. In a home-based business your bigger concern is protecting the equipment (property insurance), not the customer liability (casualty/liability insurance). Depending on the scope of your home-based business, your homeowner's policy might not be enough to cover the cost of your business equipment. A homeowner's policy usually covers for a small amount, but it is often not enough to cover you business equipment losses. If this is the…

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    Managing Business Risks

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    There are many different things to consider when running managing a business. There are risks that come with the business despite the type of business. These risks vary in types based on a number of different factors. Not managing these risks could run the possibility of business failure. There are almost an endless amount of possible risks. With this abundance of risks, it is sometimes difficult to manage them. All of the risks that a business could possibly run into fall under two…

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    Creating a strong business layout is the first step towards success in your business venture. From obtaining funding to hiring personnel to planning for expansion, a business plan can be your information for keeping your business on track. Your business plan can preserve you focused on your desires and keep you shifting ahead when confronted with obstacles. Communication is one of the key functions of a business plan. It serves, in effect, as a resume for your business, according to the Small…

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