Process Selection Process Essay

II. Business Model and Strategic Plan Part I: Existing Business or New Business Division; Vision, Mission, and Value Proposition ………………………………6

It is the week before a high school dance and, as a boy, you have no idea what to do. You want to look your best. in order to make a great first impression on your friends and to the ladies. In order to look “frosh,” you have to plan ahead of time and make sure that you are already looking your best. What you wear to the dance and how you act determines your total outlook and how you want to be perceived as. It is critical that you know where to shop for clothes.

If the company wants to solve its problems and become attractive for the potential investor, it should solve all its problems. The most important, company has to develop a business plan. In this plan, all the problems will be solved through stating company’s vision, mission, objectives, marketing, production and financial plan.

Many of us shop for goods in grocery stores or department stores without considering the remarkable effort it takes to have all of those goods or services ready for consumption. There are many processes that must be observed for any business to run efficiently; such as: accounting, finance, marketing, production, human resources, and management. All of these processes require many trained individuals to make the grand machine that is business move in a direction that benefits clients and companies alike. In this paper I will examine the marketing business process of J C Penney’s as observed from experience while working there.

Bob Hope once said: “A bank is a place that will lend you money if you can prove that you don't need it.” This may sound amusing, but in reality, banks give to those that have a business plan. A business plan that has a vision and can prove to the bank that the money that they will loan you will be given back. This essay will address concepts in business that have been proven to be effective. Do not overexpand, have capital reserves, and connections matter.

Business Development: There should be adequate attention for business development anchored on a Strategic Plan. The roles of the employees should be evaluated and stated. Conflict resolution methods and how the company should be wound up should be in the strategic plan. (Fashionmarketinglessons,2015)

A good example is a children?s clothing store. They must be able to understand what has made their competitors like Carter?s and

Corning’s historical business model consisted of 10 to 12 multiple, interdependent distinct businesses, with little product/technology overlap. Each inter-dependent business model added value to Corning’s portfolio but at the same time led to redundant efforts increasing the overall cost of HR to the organization.

An effective business strategy and budgeting is very essential in a manufacturing industry. A company without a proper business strategy and master budgeting plan would usually faces tremendous challenges and losses during its business operations. The importance of company’s business strategies and budgeting plans, as well as the challenges and losses in the absence of these items has clearly presented in this case study. (“Wiley,” 2013)

INDIVIDUAL APPROACH OF THREE MODELS OF BUSINESS ANALYSIS IN INTERNATIONAL BUSINESS THROUGH THE STRTEGIC ANALYSIS OF STARBUCKS, UNITED PARCEL SERVICE Inc. (UPS), FEDERAL EXPRESS (FedEx)

Otto has built a popular business due to his good food and relationship with employees and customers. He provides a service to consumers which they have responded positively. Now to build on that success he will need a well thought out business plan. In Exploring Business it is said that these plans are a blueprint in which one can build and expand their business. A business must stay true to its core values and have a clear hierarchy to keep it organized. (Exploring Business Chap 5, Pg 42.)

In the business world, strategy is probably the most often used and the most often confused term. The article ‘Why Business Models Matter’ clarifies and elaborates on crucial element of any organization. The Author, who also wrote, ‘What Management is’ asserts that the business model and strategy is the basis of any organization whether it be profit or non-profit. Magretta shows the outlines of business model and strategy. To make a big success in business, the first step is making a business model, when making a new business model, managers must think about all possible outcomes. She goes on further in the article to give examples successful organizations and their use of strategies to compete within the industry.

The unit’s readings have provided many solutions to the challenges businesses encounter nowadays. To this day, there are many companies that have business plans that concentrate strictly in lowering operating cost, cut budgets as much as possible and overwork workers that already are overworked.

Six Sigma and Triple Bottom Line models are there to help with the improvement on a business. It really shows what business should go through to have a successful business. The models opens up the conversation about where you business should be. The process that you are going to take to help your business thrive. The models are here for instructions to teach businesses about the steps that should be included when you are questioning your company. Six Sigma and Three Bottom Line models are a great representation of what a business can be and shall be. It opens the eyes of business so that they can learn about their shortcomings. The way to approach these models is give them a test run about where you want to go and how you want use it in

Is it possible to look fashionable with a limited amount of money? Many women, especially college students and young adults, want to look stylish without emptying their bank account. This can be difficult to achieve because women want to be up to date with trends, but trends continuously change leaving them with little money. To help keep women from spending money on the next latest trend, they must know how to become fashionable while still able to save. Knowing where to begin is key to looking fashionable without breaking the bank. [Question]