Week 3 Essay Example | Topics and Well Written Essays - 1000 words - 1

Week 3 - Essay Example ccessful undertaking while taking particular considerations to the current economic conditions and so as to develop contingency plans in that respect. In essence, it is a plan of thriving in the market. While there are different types of business plans, they all can serve either of the two purposes: internal and external (Schwetje & Vaseghi, 2007, p. 1). When a business plan has an internal function, it presents strategies and tactics which can be utilized to effectively manage the internal operations and other domestic affairs of the company. A business plan could also be structured for an external purpose when it presents feasible means of financing (e.g. bank loans, venture capital, strategic alliances) for the continuous operation of the business. The marketing plan is probably the meatiest feature that a business plan could have since it presents how the company’s products should be sold to the target market (even if the market is oligopolistic or in a form of perfect competition though except in a monopolistic structure) or in brief the influx of a real good cash that could support the business operations for a long term (Jaret, et al., 2010, p. 153). The marketing plan typically includes the current market situation, product positioning and/or promotional tactics (Jaret, et al., 2010, p. 154). Apparently it can be said that a product is not doing any good in the market at all either because of a poor marketing strategy or simply because it lacks value and features. However, sometimes a bad product can guise a good image through strategic marketing. A good marketing strategy permits the aspiring businessman to roughly know how to compete in market through a thorough market research. Without a marketing strategy, the business idea is a fail no matter how well established the company’s reputation is. For someone new in the market, everything will be much worse. The financial overview is also an important aspect in a business plan. Defining the financial

Leadership assessmt 2 Essay Example | Topics and Well Written Essays - 500 words

Leadership assessmt 2 - Essay Example Davis created a team to lead a centralized call center. One of the purposes of the call center was to become proactive in planning and inventory forecasting. The use of teamwork encouraged by Davis helped the company improve its organizational culture. The firm has become more flexible and adaptive which made the company more aligned with the business environment of the 21st century. Davis encouraged in state competition. He did not use competition between states to lower the risk of dysfunctional behavior occurring due to the consequences of competition. The use of competition can lead to negative behaviors such as people lying to each other and mistrust among colleagues. Competitor can also lead to people stepping on each other in order to get ahead in the corporate ladder. Another potential negative aspect of competition is that it can intensify the work conditions and environment which can lead to work related stress. Employees can become burn out due to the excessive use of competition. Competition can encourage individualism instead of cooperation. Employees that got involvement in team sports in the past are more likely to become good team players in the corporate world. Recruiters of talent look positively to a candidate having prior involvement in sporting teams. Team sports teach players important skills such as learning to cooperate with others and build bonds of trust among teammates. Sports also teach people values, discipline, and encourage good physical health. Sports teach people how to work together as a cohesive and united team. Being a good team player in the business world is an asset because cooperation and teamwork are skills that needed in corporate America. In order to implement teamwork at CCA Davis opened up the lines of communication among the workers and the managerial staff. Open communication enables the free flow of ideas. These ideas can be used by teammates to find