To be effective advocates for small business utilization in DoD acquisitions, Small Business Professionals (SBPs) need to participate early in the acquisition process and throughout it, and become trusted members of the team. To accomplish this, SBPs must be knowledgeable of pre- and post-award support they can provide to the acquisition team, as well as how small businesses can help DoD meet its procurement requirements. SBPs have the greatest influence during the pre-solicitation phase of the process. The social initiative is to be recognized as trusted advisors where they understand the customer’s requirements and are knowledgeable of small business programs. As an acquisition sustainability strategy determines, SBPs should provide information on small businesses and how they might meet the requirements. Reciprocity relates to the idea that people like to return favors and pay back debts, which can lead to feeling obliged to repay an offer in some way to address discomfort with feeling indebted to someone else. Commitment is associated with the desire to follow through on something we’ve expressed interest in previously. Social proof is linked to the idea that if others are doing something we’re more likely to do it as well, particularly when feeling uncertain. Liking suggests that people are more likely to be influenced by people they like, which can come from similarity, trust, and familiarity. Authority is associated with credibility; people are more likely to
1. What countries represent the largest global business opportunities for the next decade? What factors determine the size of the opportunity?
Acquisition is a process that requires teamwork with each individual and/or group working together to ensure that the customer is provided the greatest overall benefit in response to their requirements (best value). Acquisition planning should start once the need for supplies or services are identified. Integrated Product Teams (IPT) should be used when needed to help develop the acquisition strategy. The use of these teams will reduce false starts and delays resulting from unclear scopes of work. In the following paragraphs the steps in the acquisition process will be defined and discussed.
10. Visit the website for a large bank or credit card company, and learn about a type of credit card being offered by the company. Describe at least four features of the card and where you got this information. (3-6 sentences. 2.0 points)
3. Many multinational companies market products under different brand names when conducting business overseas. For example, Unilever’s Axe Body Spray is called Lynx in the United Kingdom and Australia. Research some of your favorite brands (or products that you buy on a regular basis), and list if and how they use alternate product names when conducting business in foreign markets. Then, explain why a company might use a different brand name abroad.
As president of a small business, Brian 's top priorities are to establish healthy relationships with stakeholders, as well as maintaining different social responsibilities. Stakeholders are made up of
In organizational decision making, many individuals should be involved in order to ensure that everyone involved or touched by organizational activities in one way or another is not affected negatively by the decisions made and arrived at by decision makers. Consulting widely before making a decision enables decision makers in the organization make all-round and informed decisions, and decisions that satisfy anyone who is in any way connected to the organization (Donna, 2012). In an organization, clients are the ones who are served by the organization. The
This fact is stated plainly and directly even in the FAR itself, where it is written, “Agencies are encouraged to promote early exchange of information about future acquisitions.” Exchanges are beneficial to all parties involved in the acquisition process, and there are a number of reasons why such exchanges are beneficial. As the regulations explain at FAR 15.201(b), some of these benefits include an improved understanding of the Government’s requirements for the potential suppliers, and also an improved understanding of a potential supplier’s capabilities by the Government. Additionally, exchanges between Government and potential suppliers can help the Government firm up or finalize their acquisition plan and source selection strategy for a particular procurement by enabling them to determine things such as, “proposed contract type, terms and conditions, and acquisition planning schedules,” as well as, “the feasibility of the requirement, including performance requirements, statements of work, and data requirements.”
Many people have their own views on the Small Business Administration. Two women who know about the SBA have their own opinions about the overall administration in an article called, “Should the Small Business Administration be Abolished?” The women’s names are Veronique de Rugy and Barbara Kasoff. Ms. de Rugy wrote a small article with the title, “Yes: It Is a Waste of Money.” Ms. Kasoff goes against what Ms. de Rugy and creates an article with the title as, “Its Role Is a Crucial One.” In Ms. de Rugy’s article she goes off saying, “...the SBA hurts more small businesses than it helps, wastes taxpayer money, and distorts economic activity.” Opposing what Ms. de Rugy said Barbara Kasoff believes that, “About half of the people who work in this country are employed by a small business.” She also
My dad has owned and operated his own business for almost 40 years. He has relied on the
For my project, I ran Coffee-Roma, a coffee shop located in the business district of a large city. My simulation ran for 60 days. Over this timeframe, I hired 7 employees and earned gross revenues of $89,984.20. From those revenues, my net profit totaled $14,046.83. Below are the details of how I attempted to best run my business.
Numerous large businesses that are operating today were once started as small businesses. A new business is established to create a good or service that no other businesses have ever created or simply a product of higher quality than existing products, with the purpose of meeting customers’ needs and earning profits. Due to the technological advances at the present time, starting and operating a new business is less laborious. Nevertheless, would-be entrepreneurs should be familiar with the proper approaches to start their businesses.
This assignment is being submitted on February 1st, 2013, for Dr. Mello’s 4123 MKTG: Organizational Purchasing course.
Negotiating is a practice that allows for two sides to reach common ground and agree upon a specific settlement or transaction. During this at times complicated process, the bargaining sides develop a measure together to move forward in their business process. As a lead negotiator of a small firm, the research and analysis of the sought after contract has to be thoroughly conveyed to the U.S. Government. The small business’s negotiating team should be very familiar with the federal negotiating team and all that the federal government is expecting from the product they desire. As there are hundreds of competitors out there, it is safe to assume that there are multiple products out there. However, the negotiating firm of the small business must use different negotiating gambits and pay particular attention to the body language and examine the language used during the entire process.
Explain and critically analyze unique traits of an Entrepreneur, discuss these related to personal strengths and weaknesses
Business plays a major role within our society. It is a creative and competitive activity that continuously contributes to the shaping of our society. By satisfying the needs and wants people cannot satisfy themselves, businesses improve the quality of life for people and create a higher standard of living.