Small And Family Business Interviews. Pb. Patten University.

There are plenty of small business arising in the market. But does the success of the busssiness rely solely upon the owners? Can they not trust their employees to carry out the task needed in order to keep the business running properly? This is the question we will be addressing in this dilemma. is it really necessary for the owners to be on the premise at all times? Are personality cults created in small businesses? Is it possible for customers to create a personality cult around the owners of a business? How might the owner go about reducing customer’ dependency upon the presence and/ or personality of the owner and leading customers to depend more on the business itself?

It is clearly that the company is experiencing some growth; however, the management needs to find a solution to solve the arising issue where their employees are lacking of motivation in their job. However, the executive team’s decision to raise pay rates for its customer service staff and the vested profit-sharing plan does not improve the employees’ work performance or customers’ satisfaction.

All these question are a part of personal business ethics since they are dealing with the questions of business ethics attaching to an individual or specific person in a particular

Under this task I will explain the ethical issues that business needs to consider in its operating activities and how a business they could improve the ethical of their operations and also I will evaluate the influence of stakeholders exert in one company.

Small family operations, like the Little Red Roaster make up the largest part of our country’s business base. The problem is that too many of them fail, not because of the lack of expertise or motivation, but because of poor business decisions. The LRR is a perfect example of a small operation taken over by a very capable and knowledgeable person, Kendra Gordon-Green. She is one of those hard working employees that have been given the opportunity to become an owner-operator of a small business operation. At this point Kendra has not made the transition from employee to owner. Sadly this very situation is the reason most small businesses like the LRR never make. With two locations

While expanding and becoming more complex, the family businesses always face challenges. The founder followers will increase after every successive generation. Problems will increase and the commitment toward the business will decrease. All this will result on the capability to keep the business growing and the profitability increasing. The article states five attributes to endure a successful family business.

The problem to be investigated is the application of business ethics. In the business world, ethics are extremely important. Ethics are prime elements that help a business to grow and to become more productive. It is by applying proper business ethics that a business can operate in a moral or ethical business environment and managed to conduct all activities in a manner that maximizes profits while not compromising all other non-economic concerns(Schwab, 1996). Businesses have over the years failed to nurture business ethics in order to fulfill shareholders' interests and to have a culture that is oriented towards profit maximization and high performance(Jennings, 2012; Sims & Felton, 2006). This has led business to have gray areas in their activities. Gray areas are those situations or problems that do not fit exactly into any ethical analysis. These are the activities which may be represented to be immoral as a result of lying and false representations on the part of the business.

Experience shows 90% of family and small businesses generally fail, because of lack of leadership, decision making, or to become fully professional and competitive in the market. It is on Mr. Pacheco’s shoulders, as the family business leader, this decision rest, to keep the existing path – or - grow and prosper with a new structure.

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 essay will summarize the research report’s findings, offer a critique of those findings and how best to utilize mission statements for small family businesses.

The employee’s of Perfect Pizzeria have become de-motivated and is resulting in poor performance and job satisfaction. The business is quite basic; there is a store manager, an assistant manager, and a few managers for the night shift. It also has a head manager, which reports directly to the regional supervisor of the organization. Employee’s that work for this company have no formal training for their position, most are college students and a few are part-time high school student workers and are all being paid at minimum wage, with the exception of the manager, which is a full time employee. The manager is paid a fixed salary amount and receives an incentive monthly based on productivity.

After studying 2,004 family firms, researchers Barbera and Hasso stated: “of all family SMEs (small-medium enterprises), nearly 89% have used an external accountant.” This has shown

The small business marketplace is extremely dynamic and the changes are fast. Here are some encouraging facts from the US Small Business Administration on small businesses. There are about 30 million small businesses in the United States and employ just over half of the country’s private workforce. They employ a staggering 40% of high tech workers such as computer professionals, scientists and engineers. More than half of the small businesses are home-based businesses and two percent of them are franchises. One of the most important aspects is the fact that a majority of innovations in the United States come from small businesses.

Conclusion: This paper is intended to give clarity on the depths of small businesses, how they plan to succeed and get through possible adversity. The surviving mechanism it takes to maintain in a world where large businesses are expected to exist longer than small business.

Each individual business has various issues that may occur and they must assess what needs to be done to eliminate or resolve the issues within the internal and external environments. As there is no way to determine the internal issues from this perspective, the external issues will be the focus, but they are no more important than the internal issues. The organization will also have a mission statement discussing what the business encompasses. Every business is set up in various ways and will have different policies regarding social and ethical aspects.