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A business plan is a very important part of creating a business. This plan includes things such as marketing strategies, an analysis of the competition, development plans, operation and management plans, an explanation of your legal structure, and financial projections.
Organizational structure of finbank Nigeria plc?
The Managing Director/Chief Executive Officer of FinBank Nigeria Plc. is Mr. Suzzane Iroche, updated in 15 Sep. 2009. Mr. Okey Nwosu is the former Managing Director. ...
Asked in Business Plans
What are the types of business environments?
There are mainly two types of business environments, internal and external. The external environment can further be classified into task and macro/general environments. Internal environments contain the owner of the business, the shareholders, the managing director, the non-managers/employees, the customers, the infrastructure of the business organization, and the culture of the organization. For the external environments, the task environment is divided into competitors, consumers, substitutional product producers, and the prospective enters of business. The macro/general environment is further divided into political and legal, economical, social and cultural,...
Who owns public companies?
Public Limited Companies are owned by their shareholders. Because only public limited companies are listed on stock markets, all of whom are by definition, virtually anyone with enough money to buy shares on the stock market could be a potential co-owner of a public company. ...
What are the advantages of using the internet as the infrastructure for electronic commerce and electronic business?
The Internet gives every seller an opportunity to advertise their wares no matter their size or location. It also gives the stocking seller the opportunity to have direct access to the buyer with out going through profit taking middle men. Brokers, the grey market, have used the information they collect as their bargaining tools and their mode for gaining profit. With the internet making the who and where available to everyone the Broker is left with little to offer. highlight some advantages of...
Asked in Business Plans
How do you write a business plan?
Writing a business plan can be the most fun part of starting a new business. First you must think of what your business will be, what do you want it to do for you and what do you want it to provide for others. Next set yourself some goals and work towards them one at a time, for instance, getting your business licensed. Business Plan Writing Here is advice on writing business plans from the Federal Consumer Information Center and the Small Business...
What is pest analysis Political Economic Social Technological analysis?
The Pest Analysis or Political, Economic, Social and Technological is a framework to analyze the external impact on an organization. For example, when I say conduct a PEST analysis on a small barber shop in town. Then we can say that in terms of Politics, government actions or laws can have an impact on the business. For example, the govt may increase tax for barbers around the town. In terms of Economics, we can say that the Purchasing Power or Income level...
Why is delegation an important management concept?
No one person can do it all. It is important to share the work around and to make sure that subordinates can do the work and the business can functions when the management are not there, on holiday or leave the organisation. It is important to consider succession planning and to look at growing some of your next managers from within (otherwise your best staff will not see any promotion opportunities). It is a good way to provide on the job training...
Asked in Small Business and Entrepreneurship, Business Plans, Industries and Professions, Paper Production
What is a small scale industry?
A small scale industry is a business or project is created on either a small budget or for a small group of people. For instance if someone starts a laundry service just around their neighbourhood, that is small, not too expensive to start or manage but not too cheap either. Another example is a small pizzeria or a kiosk or say a moving around with an ice-cream van, these are types of small scale industries. ...
What is penetration-pricing strategy?
Penetration-pricing strategy is used to build market share by obtaining profits from repeat sales. Occasionally, high sales volume allows sellers to further reduce prices. ...
Asked in Business Plans, Mission Statements
What is UPS vision statement?
"As the world's largest package delivery company and a leading global provider of specialized transportation and logistics services, UPS continues to develop the frontiers of logistics, supply chain management, and e-Commerce ... combining the flows of goods, information, and funds." ...
Asked in Business Plans, Agnosticism
Funeral rites for agnostic faith?
Agnosis comes from the Greek. gnosis means knowledge. The prefix a means "without". Agnosis means you simply do not KNOW if a God or Supreme Power exists. Faith requires "belief". Belief is about not having proof. *********** previous answer below *************** Pretty much by definition, being agnostic is not a faith. Many humanist societies have developed humanist funeral and wedding ceremonies. ...
Asked in Business Plans, Project Management
What do you do after a feasibility study?
A feasibility study essentially determines the strengths and weaknesses of a business proposal. The output is normally a series of options or recommendations, ranging from do nothing, right through to technical development and project implementation, delivery and support. Importantly the feasibility study should also include the evaluation criteria, list of assumptions, study findings and context in which the study was run. As often happens, something considered not viable today, can often become viable with changing circumstances in the future. Always useful to keep...
How can you find restaurants that are going out of business and selling their equipment?
Go to your local newspaper, and search for the right place for you or use your local craiglist. ...
Asked in Business Plans, Mission Statements
What is the mission statement of Sony corporation?
In a recent letter to shareholders, the Sony corp. said it is it's mission "to become a leading global provider of networked consumer electronics, entertainment and services." ...