Managerial Functions on Starting a Sporting Goods Store Assignment

Managerial Functions on Starting a Sporting Goods Store - Assignment Example The store is likely to deal in a variety of sports goods supplied by different manufactures of national and international repute. According to North American Industry Classification System (NAICS), a sporting goods store may be defined as "an establishment primarily engaged in retailing new sporting goods, such as bicycles and bicycle parts; camping equipment; exercise and fitness equipment; athletic uniforms; specialty sports footwear; and sporting goods, equipment, and accessories".(Small Business Notes) Planning function is fundamental to any serious and time-bond activity. In business, the importance of planning activity cannot be over emphasized. It is commonly accepted that a well formulated plan is half done of what is required to be done in future. As remarked by Arnold S. Goldstein, a good business plan is the road map to success (Goldstein 2002). However, the activities to be performed at this stage differ from business to business. The various elements of planning process of the present business can be detailed as below: 2. Finding t an appropriate location for the shop: Location is very important as it determines how successful the business is. It is advisable to find a location near schools or colleges and/or near to stadium or sports grounds. 5. 3. Complying with the legal Formalities: The following requirements are to be completed before starting the business operations in the United States (State Requirements):- a. Getting Business Licenses b. Registration for Occupations and Professions c. Licenses Based on Products Sold d. Tax Registration e. Trade Name Registration, and f. Employer Registration 4. Strategic Planning: This requires the firm to frame appropriate long term plans for the firm to survive in a competitive and highly innovative business environment. 5. Financial Planning: Initially finance is required not only to meet start up capital but for meeting day to day working capital as well. The working capital requirement of a retail shop is relatively lower than that of manufacturing firms. 6. Finding suppliers: When selecting the suppliers, the manger should take care of the reputation and reliability of the supplier and must ensure that goods are available without interruption. It is also imperative that materials are at affordable prices and good quality. Organising It is basically a function of grouping of all activities of an organisation into various departments and determining the authority and responsibility of employees assigned to various groups/departments (Kroon 1995). Since the present organisation is of trading nature, it is better not to for very complicated organisation structure. Therefore, it has been decided to follow the functional approach of organisational structure where the entire activities are grouped into departments based on the nature of function. The following departments have been formed so as to

Marketing Plan for a Camera Phone Essay Example | Topics and Well Written Essays - 1500 words - 13

Marketing Plan for a Camera Phone - Essay Example From this study it is clear that the goals of the company are to launch the camera phone and capture at least 10% of the market in the first year. This means that the company has to ensure that the marketing is targeted and focused on the particular segments it wants the phone to be sold. Culture: The Company has a laissez faire and democratic culture in its dealings with employees and other stakeholders. This is part of the strategy to ensure that it remains in touch with the latest trends in the telecom space by aligning itself to the needs of the youth. Strengths: Apart from the technical strengths of the mobile phone and its perceived edge over the others in the design and features of the camera phone, the company also focuses on the emerging trends and tries to be ahead of the curve. According to the essay the Company hopes to gain market share proportional to the products that it is marketing and feels that this can be done. One of the aims of this marketing plan is to detail w ays in which the company can gain market share by targeting the customer segments appropriately. Market position: The Company does not have the market leader position but hopes to gain market share by launching its products into the market targeted at a particular segment and aimed at the brand conscious and style conscious customers. By this way, the company hopes to do well in the chosen market segments. Strengths: The competitors are well established and have a presence that is formidable. Only by playing to the company’s strengths in terms of features and style can the company hope to gain market share. Market shares: The market shares of the competitors are formidable but the company can rely on the product doing well in the market place. This is a sure way of ensuring that the market share is gained in a short time.

Reflections on the use of electronic health record data for clinical Essay

Reflections on the use of electronic health record data for clinical research - Essay Example Of course, the electronic health record system is not perfect. There are still several aspects that need improvement such as standardization and completeness of data. Further improvements need to be done to ensure accuracy and completeness of data as well as standard use of terms in all hospitals. Electronic health records may be also used for clinical research, given the wide database of different patients with similar, if not the same, medical cases. This data would prove to be useful in determining effectiveness of treatment and would provide different views on medical approaches. However, this task is not as simple as it may seem. Getting data from electronic health records is a complex and intricate task because one would need clear and concise data for it to be used effectively in clinical research. There are too many discrepancies in data and differences in terms and abbreviations used in transcribed notes that make collection of data more difficult. After reading the article, I realized that electronic health records are useful in ways more than one. I never really thought about EHR as a vital tool in clinical research. I know that it is important for records’ sake and that it would provide all necessary information to improve the quality and stability of patient care. Its use in clinical research is very interesting. It would not only aid health care providers in identifying specific patterns in diseases, but it would also help in comparing different treatments which could show researchers the more effective ones. The use of electronic health records could also further methods of assessing quality of care given to patients. The possibilities are endless and the benefits are seemingly overwhelming. The use of EHR’s, however, can also result in violation of privacy. Privacy is an important aspect of quality health care. The problem with transcribed data from health care providers in that it includes the name of the patient, which

Effects of indiginsation policy on Entreprenuership in Zimbabwe Essay

Effects of indiginsation policy on Entreprenuership in Zimbabwe - Essay Example At the onset definition and common dynamics of indiginsation policy affecting entrepreneurial trends is presented. This presentation mainly includes the meaning of indiginsation from the economic perspective and the primary features of indiginsation policy influencing the entrepreneurial trends. This information will aid in understanding the fundamentals of indiginsation policy necessary for structuring the subsequent sections of this study. Next the discussion regarding the entrepreneurial trends in Zimbabwe has been outlined. This will facilitate in comprehending the prevailing the entrepreneurial trends in Zimbabwe as well as opportunities and challenges faced by the Zimbabwean entrepreneurial (Moore & et. al, 2013). Again, the discussion regarding the impacts of indiginsation policy on entrepreneurs in Zimbabwe has been conducted with the aim of exploring the pros and cons of this policy on the entrepreneurs. In addition, the discussion regarding the practical illustrations has b een presented. This information will help in acquiring coherent understanding regarding the impact of indiginsation policy on the economic growth and development of Zimbabwe. Lastly, the summary of the findings which include the summarized information of the contents discussed in the preceding sections. This section highlights the most relevant facts and information regarding the entrepreneurial trends in Zimbabwe and the impact of indiginsation policy on entrepreneurships. This will help to comprehend the most relevant facts in a precise manner. According to Kovacic & Shapiro (2000), the governments across the world have undertaken numerous policies and measures to promote economic growth and welfare of its citizens. These policies have profound impact on the various national and international aspects (Kovacic & Shapiro, 2000). In this regard, Wilson III (1990) noted that indiginsation is a strategy of a nation to extort greater domestic

TNT Express Scenario Assignment Example | Topics and Well Written Essays - 1000 words

TNT Express Scenario - Assignment Example Review the issues involved in the strategic planning process of TNT.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In terms of saving the planet, this will be possible with the recent introduction of less carbon emission engines. As time goes by, more and more companies are coming up with cars that save in terms of fuel and reduce CO2 emissions. There has also been an introduction of electric powered cars; however, they are not fully designed in terms of efficiency as most of them have a problem when it comes to battery power.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   It is possible for them to be a leading company in the freight business as more and more people are now in a position to make purchases through the net and ship to them. They should tap into the upcoming e shops that are established daily and offer cheap but efficient services to its potential customers. They can also talk to the already established e shops to expand its services to them.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In order to gain customers and add value to the business, they need to focus on customer satisfactory first. This is through ensuring that there are no loop holes in the system and have a great 24/7service to all its customers. Updating the customer about his/ her shipment will make them trust you that all is well and you care more about them than the money they bring in.

Catholic Essay Example | Topics and Well Written Essays - 500 words

Catholic - Essay Example imes, the intellect and will contradict each other – for example when man seeks salvation in rewards for good deeds; holds on to blind faith in an omnipresent being; or establishes belief in the afterlife. That is why religion has mass appeal because it organizes these abstract principles, which are intangible, irrational and yet expresses the feelings which he feels. Religion therefore denotes the personal subject of the soul and justifies mans actions as he feels right. Religion and inevitably the belief in god is central to mans existence, because it has the power to make him believe in things beyond his intellectual grasp - such as concepts of hell and heaven, incarnation or resurrection etc. - and that God has created man and the universe (Berkhof 1996, p. 106). In this context, the Christian worldview offers the rationale that man’s understanding of the world is inherent in the beliefs grounded by belief in God (Albl 2009). Since God has created man and everything therein, then He has also established reasoning, faith and rationale for the order of nature. He has "fixed the foundations of the earth" (Albl 2009, p.31). Based on this understanding, one can explain the concept of sin in human anthropology. As God has created everything according to His reason, then man also understands and accepts His logos (rational order) like all other beings. It is the natural order of the universe that man must follow these laws or principles established by God. These principles are reflective of the natural order of creations of the universe. Anyone who goes against this order will break the laws and inevitably creates chaos. For example a man who commits murder will create extreme resentment within his community; a liar will create misunderstand ing among people; and a greedy individual will create imbalance in the economic status of the society. Since God has created man in His own image, it is understandable also that God expect man to behave as He wants. Any

What is Nursing Theory and why do we need it Article

What is Nursing Theory and why do we need it - Article Example It can also be a set of principles based on a subject (OAD 1980). When we put it together with the nursing field, theory is a set of ideas and principles by which a nurse determines how to view the patient and determine the best solution for the patient. However, there are a number of theories in nursing and all of them are relevant to some aspect of the nursing field and how one can make decisions. Ultimately, while these are meant to be meaningful and relevant, they must also be understood in how they affect the practice of nursing as well as aspects of nursing research, management and administration, and also in nursing education (McEwan and Wills 2010). Initially, nursing was considered more as a series of functions and tasks that were assigned initially by a doctor dictating what needed to be done to a patient, rather than a careful series of thought processes conducted by the nurse in regards to the state of the patient. As more people, usually women, became involved in nursing whether through a concentrated study of medicine, or through environmental circumstances (war), the idea of nursing became more of a career calling or profession which is now well-respected in nearly every community because of the good outcomes from what nurses do for society (McEwan and Wills 2010). It wasn’t until the 20th century that those in nursing began thinking more about the structures of the nursing profession and the principles behind how nurses operated and approached their work with patients. Hildegard Peplau was one of the first writers to publish her theory work Interpersonal Relations in Nursing in 1952. Her work was initially delayed because she was not publishing in conjunction with a medical practitioner which was standard at that time (Lakeman, 1999). This work was influenced by Harry Stack Sullivan’s theory of interpersonal relations