Does this business have profit potential? - Management
Referring to the same business you started or purchased in the first assignment, write a 3–4 page paper in which you: Conduct a feasibility analysis in which you research: Industry and market feasibility. Product or service feasibility. Financial feasibility. Entrepreneurial readiness. Based on your assessment, does the business idea need to be modified, changed significantly, or abandoned? (Note: If you abandon the business idea, then you will need to select and analyze a new business that has profit potential.) Include at least two references that dont include the textbook. Strategic business plan Bobby Harper 8/1/2021 BUS 402: Small Business Management Dr. Garabedian The idea selected for the small business is to establish an online store to sell products through the internet. AB Corporation is a small retailer store located in Seattle, California. The company has physical stores in strategic locations across California. However, the company does not have any online presence and all its products are sold through its physical outlets. The new idea that the company can implement is to move half of its inventory online. To start an ecommerce retail website where customers can make orders online and have their products delivered at their doorstep. During this period of COVID-19, shoppers have changed their purchase patterns and most of customers are doing their shopping through the internet to avoid physical conducts in physical stores where they can contract the virus. In addition, consumer shopping patterns have changed and consumers are not significantly interested in physical shopping but rather prefer making their orders online and have them delivered at their doorstep. Therefore, for a retailer business to stay afloat, it must either shift to internet commerce completely, or focus on both physical stores and online store. One of the most competitive industry especially for small businesses is the e-commerce industry. There are already established businesses that are enjoying economies of scale to control the ecommerce market. Key competitors to the AB retail company include Amazon, Target, Walmart, Alibaba, and eBay. Amazon is the leading internet commerce company and leverages its economies of scale to control the industry. For instance, other companies rely on Amazon to set their market price. Therefore, AB corporation will face significant from these major stores both online and physical retail. Amazon being the leading internet retailer in the world it derives its strengths significantly from a three-pronged strategic thrust on differentiation, cost leadership and focus (Management Study Guide). Amazon strives to offer its products to customers at the lowest price as possible. This creates a competitive advantage for the company as many customers will go for the cheaply selling products. In addition, the company derives its competitive edge by leveraging information technology through innovation to create a competitive advantage. For instance, Amazon is in the process of automating its warehouse processes so it can cut off additional human labor thus reducing its production cost. Consequently, the company would be able to offer its products to customers at reduced prices. Another strength of Amazon is that it has strong global brand recognition (Management Study Guide). With strong global brand recognition, the company can easily launch new products and have them penetrate into the market with ease. However, despite its size and success in the internet retail, Amazon has some weaknesses. As part of its diversification, Amazon has allowed its focus to waver from its core competence of focusing on a small inventory and allowed itself to venture into newer areas. Although this might be a great strategy by Amazon from the risk diversification point of view, Amazon has to be cognizant of losing its strategic advantage as it shifts from its core competence (Management Study Guide). Another major weakness of Amazon is that it has had a negative reputation when it comes to treatment of workers. In several occasions, Amazon workers in the UK have protested against poor working conditions. Amazon workers have significantly complained about poor working conditions and this has significantly build a negative reputation of the company. Another weakness by Amazon is that it operates in near zero margin business model which has severely dented its profitability. Therefore, the company has to make significantly voluminous sales in order to enjoy meaningful profits and revenues. The mission statement of AB Corporation is to be a one stop online store for customers looking to do all their shopping at one place and to provide real time delivery customers’ orders without any delay. The target market for the company is consumers with basic internet usage and who are have a busy schedule such that they do not have time to visit physical retail stores, but instead would prefer shopping online and having their orders delivered at their doorstep. AB is a partnership business with five cofounders. This implies that managerial decisions are made by the five partners, which at some point might negatively affect the business especially when they have differing opinions regarding business aspects. Furthermore, when a business has multiple owners, it is significantly exposed to liability because negligent actions of either party affects the entire business (Etti, Patrick & Yehuda, 2006). However, an advantage of having multiple owners of a business is that the cost of formation of the business is low since the members are able to cost share the costs of running the business. Also, income tax of a partnership firm and LLP is significantly higher compared to a sole owner business. In conclusion, moving into internet retail will create significant opportunities for AB Corporation. The company will be able to serve a wide market through its online website. With the right shipping channels, the company can serve customers in a wide geographical location. References Etti, B., Patrick, L. B., & Yehuda, K. (2006). Risk Management for Enterprises and Individuals. J. of organizational Management, 3(2), 23-35. Management Study Guide. (n.d.). SWOT analysis of Amazon. https://www.managementstudyguide.com/swot-analysis-of-amazon.htm
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Your assignment may be more than 5 paragraphs but not less. INSTRUCTIONS:  To access the FNU Online Library for journals and articles you can go the FNU library link here:  https://www.fnu.edu/library/ In order to n that draws upon the theoretical reading to explain and contextualize the design choices. Be sure to directly quote or paraphrase the reading ce to the vaccine. Your campaign must educate and inform the audience on the benefits but also create for safe and open dialogue. A key metric of your campaign will be the direct increase in numbers.  Key outcomes: The approach that you take must be clear Mechanical Engineering Organic chemistry Geometry nment Topic You will need to pick one topic for your project (5 pts) Literature search You will need to perform a literature search for your topic Geophysics you been involved with a company doing a redesign of business processes Communication on Customer Relations. 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Develop a community-wide intervention to reduce elevated blood pressure and hypertension in the State of Alabama that in in body of the report Conclusions References (8 References Minimum) *** Words count = 2000 words. *** In-Text Citations and References using Harvard style. *** In Task section I’ve chose (Economic issues in overseas contracting)" Electromagnetism w or quality improvement; it was just all part of good nursing care.  The goal for quality improvement is to monitor patient outcomes using statistics for comparison to standards of care for different diseases e a 1 to 2 slide Microsoft PowerPoint presentation on the different models of case management.  Include speaker notes... .....Describe three different models of case management. visual representations of information. They can include numbers SSAY ame workbook for all 3 milestones. You do not need to download a new copy for Milestones 2 or 3. When you submit Milestone 3 pages): Provide a description of an existing intervention in Canada making the appropriate buying decisions in an ethical and professional manner. Topic: Purchasing and Technology You read about blockchain ledger technology. Now do some additional research out on the Internet and share your URL with the rest of the class be aware of which features their competitors are opting to include so the product development teams can design similar or enhanced features to attract more of the market. The more unique low (The Top Health Industry Trends to Watch in 2015) to assist you with this discussion.         https://youtu.be/fRym_jyuBc0 Next year the $2.8 trillion U.S. healthcare industry will   finally begin to look and feel more like the rest of the business wo evidence-based primary care curriculum. Throughout your nurse practitioner program Vignette Understanding Gender Fluidity Providing Inclusive Quality Care Affirming Clinical Encounters Conclusion References Nurse Practitioner Knowledge Mechanics and word limit is unit as a guide only. The assessment may be re-attempted on two further occasions (maximum three attempts in total). All assessments must be resubmitted 3 days within receiving your unsatisfactory grade. You must clearly indicate “Re-su Trigonometry Article writing Other 5. June 29 After the components sending to the manufacturing house 1. In 1972 the Furman v. Georgia case resulted in a decision that would put action into motion. Furman was originally sentenced to death because of a murder he committed in Georgia but the court debated whether or not this was a violation of his 8th amend One of the first conflicts that would need to be investigated would be whether the human service professional followed the responsibility to client ethical standard.  While developing a relationship with client it is important to clarify that if danger or Ethical behavior is a critical topic in the workplace because the impact of it can make or break a business No matter which type of health care organization With a direct sale During the pandemic Computers are being used to monitor the spread of outbreaks in different areas of the world and with this record 3. Furman v. Georgia is a U.S Supreme Court case that resolves around the Eighth Amendments ban on cruel and unsual punishment in death penalty cases. The Furman v. Georgia case was based on Furman being convicted of murder in Georgia. Furman was caught i One major ethical conflict that may arise in my investigation is the Responsibility to Client in both Standard 3 and Standard 4 of the Ethical Standards for Human Service Professionals (2015).  Making sure we do not disclose information without consent ev 4. Identify two examples of real world problems that you have observed in your personal Summary & Evaluation: Reference & 188. Academic Search Ultimate Ethics We can mention at least one example of how the violation of ethical standards can be prevented. Many organizations promote ethical self-regulation by creating moral codes to help direct their business activities *DDB is used for the first three years For example The inbound logistics for William Instrument refer to purchase components from various electronic firms. During the purchase process William need to consider the quality and price of the components. In this case 4. A U.S. Supreme Court case known as Furman v. Georgia (1972) is a landmark case that involved Eighth Amendment’s ban of unusual and cruel punishment in death penalty cases (Furman v. Georgia (1972) With covid coming into place In my opinion with Not necessarily all home buyers are the same! When you choose to work with we buy ugly houses Baltimore & nationwide USA The ability to view ourselves from an unbiased perspective allows us to critically assess our personal strengths and weaknesses. This is an important step in the process of finding the right resources for our personal learning style. Ego and pride can be · By Day 1 of this week While you must form your answers to the questions below from our assigned reading material CliftonLarsonAllen LLP (2013) 5 The family dynamic is awkward at first since the most outgoing and straight forward person in the family in Linda Urien The most important benefit of my statistical analysis would be the accuracy with which I interpret the data. 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