Think of a small company you would like to start. Using this company, include the following components in your finalized submittal and use them as Section Headings for formatting your submittal. Put the Section Headings in BOLD. Then your responses in normal type and write in complete sentences.
1) Provide an Introduction of your company. Include your main product and/or service. In what part of the world are you located? Explain why you are located there.
2) Describe the form of business ownership you would choose for this company and explain why.
3) Describe how you would use Supply and Demand to determine what products/services you would provide. Include how this has affected how you priced your product/service.
4) Describe each component of your company’s Strategic Plan. Include the SWOT analysis (List at least 3 items per topic in the SWOT).
5) Describe how you would implement the Management Functions in your company.
a) Describe your company’s operations, tactical, and contingency plans.
b) Describe how your company is organized (i.e., Functional/ product line/ geographical/matrix etc.) Explain why you select this type of organization and explain the advantages/disadvantages of your choice).
c) Describe your dominant leadership style within this company. Include reasons why you will manage your company in this manner and provide at least one example of your management style in action. Explain the source of your power and how you will you use that power. Explain what tactics you will use to persuade others to work for you (i.e., what model will you use to motivate your employees). Also include the kinds of reward programs you will implement to motivate your people? Explain the importance of the ethical treatment of your employees in the management of your company (include an example).
d) Explain why the function of control needed in your company. Include the things/aspects in your company that you will control and why.
a) Describe your company’s operations, tactical, and contingency plans.
b) Describe how your company is organized (i.e., Functional/ product line/ geographical/matrix etc.) Explain why you select this type of organization and explain the advantages/disadvantages of your choice).
c) Describe your dominant leadership style within this company. Include reasons why you will manage your company in this manner and provide at least one example of your management style in action. Explain the source of your power and how you will you use that power. Explain what tactics you will use to persuade others to work for you (i.e., what model will you use to motivate your employees). Also include the kinds of reward programs you will implement to motivate your people? Explain the importance of the ethical treatment of your employees in the management of your company (include an example).
d) Explain why the function of control needed in your company. Include the things/aspects in your company that you will control and why.
6) Describe the process you would use to recruit, hire, and train your employees.
7) Describe how you would approach the marketing mix for your company (the 4 Ps).
8) Describe how you would develop and use the basic accounting statements in your company.
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