POST MGT 211 Full Course Latest
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<strong>POST</strong> <strong>MGT</strong> <strong>211</strong> <strong>Full</strong> <strong>Course</strong> <strong>Latest</strong><br />
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<strong>POST</strong> <strong>MGT</strong> <strong>211</strong> <strong>Full</strong> <strong>Course</strong> <strong>Latest</strong><br />
Post <strong>MGT</strong><strong>211</strong> unit 1 Discussion latest<br />
Our text and learning unit 1 lists and discusses several myths of entrepreneurship and small business Please<br />
complete the following HRB Quiz at:<br />
http://blogshbrorg/2010/02/should-you-be-an-entrepreneur/<br />
What surprised you as a result of completing the survey? Do you agree or disagree with the results? Explain<br />
List and discuss three characteristics you believe to betrue about entrepreneurs and why you selected these<br />
characteristics<br />
Post <strong>MGT</strong><strong>211</strong> unit 21 & 22 Discussion latest<br />
21 Discussion<br />
Finding and Using NAICS Numbers<br />
Part 1 of the feasibility study requires you to identify the NAICS code of your proposed business concept As<br />
mentioned in this week’s learning unit, the North American Industry Classification System (NAICS) provides not only<br />
a system to classify your business but also provides valuable industry information and data, which is an invaluable<br />
tool to a startup or existing business In this discussion thread, you will practice using the NAICS site and discuss your<br />
findings with your classmates as presented in Skill Module 72 (Katz & Green)<br />
What is your NAICS code? (Katz, pl 190) Please go to the updated site:<br />
http://wwwcensusgov/cgi-bin/sssd/naics/naicsrch?chart=2012 In the text box that says “enter keyword” enter the<br />
name of the industry that best describes the industry in which your proposed business idea is located You should end<br />
up with a 6 digit code for the industry in which your business will be located If you are not sure of your industry, it may<br />
take some experimentation See examples in Skill module 72<br />
Once you locate your NAICS code, go to wwwcensusgov and click on “economic census” Once you are in “economic<br />
census” enter your NAICS code and look for data related to your industry<br />
Find and share one fact about your industry that you find particularly intersting and that is available at this cite such<br />
as number of establishments, annual revenue, trends, etc Also refer to Table 71 on page 200 for additional<br />
information and ideas<br />
For your convenience, I am also attaching a table with the NAICS structure and numbers<br />
2012_NAICS_Structurexls (255 KB)
22 Discussion<br />
Not all good ideas represent profitable business opportunities Ideas must be tested and you will have an opportunity<br />
to do so in your feasibility study which is the primary written requirement for this course You will also be introduced to<br />
many free resources available to you in developing your feasibility study such as the SCAMPER acronym (Katz &<br />
Green) Tim Hayden (See Focus on Small Business, Katz & Green) developed a web-based application so that<br />
baseball fans could watch TV instant replays while enjoying a baseball game at a stadium Using the SCAMPER<br />
acronym, discuss at least two methods in the acronym that Tim may use to update his App to 2014? How will you use<br />
these methods in developing your feasibility study?<br />
Post <strong>MGT</strong><strong>211</strong> unit 3 Discussion latest<br />
Part 2 of your feasibility study will require you to describe your customer base This process requires careful research<br />
to identify the types and concentration of customers you will need to start and grow your business<br />
Please go to Skill Module 112 on page 367 Following the directions in Skill Module 112 and using the site:<br />
wwwzipwhocom,<br />
Please enter the state and city where your proposed business will be located and share at least three pieces of<br />
information describing your customer base such as education level, ethnicity, age, etc<br />
Discuss how this information will assist you in completing Part 2 of your feasibility study<br />
Post <strong>MGT</strong><strong>211</strong> unit 4 Discussion latest<br />
Each year corporations spend millions of dollars for a few seconds of advertising during the football championship<br />
super bowl game Please watch the advertisements in the link below, which includes 15 advertisements shown during<br />
the 2014 super bowl game<br />
Discuss the target market and market segment of at least four advertisements in terms of age group, gender,<br />
education, and any other marketing demographic information<br />
http://wwwthedailybeastcom/articles/2014/02/02/the-15-best-super-bowl-2014-commercialshtml<br />
Enjoy!<br />
Post <strong>MGT</strong><strong>211</strong> unit 51 & 52 Discussion latest<br />
51 Discussion<br />
Locate your state’s Secretary of State home page on the Internet Find information on forming LLCs Answer the<br />
following questions and discuss your findings with your classmates<br />
1 What state did you research?<br />
2 Discuss reasons why you would or would not use the services of an attorney to assist you in submitting your<br />
application<br />
52 Discussion<br />
If a start-up entrepreneur lacks certain competencies such as understanding cash flow or not knowing how to use<br />
social media marketing techniques, using the BRIE Checklist (Katz & Green, p 14), discuss at least three strategies<br />
the start-up entrepreneur could use to compensate for his or her deficiencies You may also want to refer to Skill<br />
Module 22
Post <strong>MGT</strong><strong>211</strong> unit 6 Discussion latest<br />
Read the case, Debbie Dusenberry and the Curious Sofa (Katz & Green, pp 409-10) Discuss the following concepts<br />
with your classmates<br />
Discuss the differences between profit and cash flow<br />
Will completing breakeven analysis (p 311) help Debbie? Why or why not?<br />
Where or how can Debbie find help to save her business?<br />
Post <strong>MGT</strong><strong>211</strong> unit 7 Discussion latest<br />
View Table 82 on page 225 of our textbook Discuss the differences and similarities between conducting a feasibility<br />
study and writing a complete business plan<br />
How can the conduct of a strong feasibility study help to minimize or avoid some of the most common critical risks in<br />
a business plan listed on p 238? Have you observed any of these risks in the parts of your feasibility study completed<br />
to date?<br />
Where would you find funds to start a business? (See Table 151, p 489)<br />
Post <strong>MGT</strong><strong>211</strong> unit 8 Discussion latest<br />
An effective elevator speech is specific and has the capacity to “sell” your business concept quickly to your<br />
classmates who will play the role of venture capitalists The elevator pitch is designed to be brief but is a specific<br />
statement about your startup investment opportunity The idea is to be able to sell your idea to a potential investor in<br />
an elevator going up or down about 30 floors, about 2 minutes It should also include the amount of startup cash or<br />
resources you would be requesting of a potential investor Please refer to “The Thoughtful Entrepreneur” (p 242) and<br />
to the notes in the “Written Assignments” in the <strong>Course</strong> Information Tab<br />
Post <strong>MGT</strong><strong>211</strong> FS Part 1 The Business Concept assignment latest<br />
Part 1 Due by Sunday, 11:59 pm<br />
IFeasibility Study<br />
According to the research, a number of critical factors are important for a new venture’s success and must be<br />
assessed in a systematic way prior to investing additional time and one’s other resources Those factors are<br />
summarized in “Exhibit 42, The Feasibility Study Outline” in the textbook, pages 93-96 and in the Appendix, Sample<br />
Feasibility Study, pages 95-98 Your feasibility study assignment will consist of four (4) written parts designed to<br />
assess the initial financial viability of your business concept Each written component should be two pages in<br />
length and single spacedThe page limitation is designed to encourage you be brief but specific Part four will require<br />
the completion of two spreadsheets that will be linked or attached to that assignment<br />
The feasibility analysis is a prelude to writing a business plan, which is more detailed and thoroughly researched and<br />
is required if a bank loan or investment funds are being sought The purpose of the feasibility study is to assess
whether or not a good idea represents a profitable business opportunity and is designed to gain sufficient information<br />
and data to provide you with a a “go or no-go” decision in moving forward in completing a full business plan<br />
For each assignment, please include the Part number, eg Part 1, Part 2, etc; and please include the title of each<br />
lettered subsection in each assignment, eg a b c etc Also make certain that your name is on the top of the pageand<br />
that your electronic submission includes your name at the beginning of the submission title eg Smith, J Part<br />
1For your convenience, I have also included text page numbers discussing the various feasibility topics The<br />
assignments are as follows:<br />
Assignment 1<br />
Part 1The Description of your Business Concept (2 pages single-spaced, please include subheadings) 10%<br />
1. Describe your product or service in a paragraph or two Ref pages 274-279<br />
2. Present the Mission of your business, eg fundamental reason for being; and a Vision statement, what you<br />
hope your business will become<br />
3. Describe the features or cost benefits of your product or service Ref pages 188-197<br />
4. Describe the value benefits of your product or service Eg why would someone pay for or buy your<br />
product/service over your competitors Ref pages 188-197<br />
5. Will your business be 1) an online business; 2) an on-ground business; or, 3) a combination of both? Explain<br />
6. Provide the six-digit NAICS (North American Industrial Classification System) number for your business<br />
NAICS numbers may be found at the following site:Error! Hyperlink reference not validcensusgov/cgibin/sssd/naics/naicsrch?chart=2012″>http://wwwcensusgov/cgi-bin/sssd/naics/naicsrch?chart=2012<br />
Locate the “keyword box” in the upper left hand corner and enter a keyword describing your business, eg health food,<br />
pet products and this will lead you to your NAICS number<br />
Post <strong>MGT</strong><strong>211</strong> FS Part 2 Customer/Industry Analysis assignment latest<br />
Part 2 Due by Sunday, 11:59pm<br />
Part 2 Customer/Industry Analysis (3-4 pages single-spaced, please include subheadings) 15%<br />
1. Describe the industry within which your business will be located and describe at least three recent trends in<br />
that industry Note:This information and item b following may be found using your NAICS number and in trade<br />
organization publications Also, see Skill Modules 31, p 54) and 72 (p 190) And pages 18-190 and NAICS link above<br />
in assignment 1<br />
2. Describe the market growth rate for your product/service, ie, what is the market demand likely to be in the<br />
next 1-3 years You may also try using Google or Bing for this information or trade associations (Skill Module 31, p54)<br />
for your proposed business idea<br />
3. Describe your market segment and your market niche within that market segment, ie describe your<br />
customers, who they are and where they are located Ref pages 393-95<br />
4. Describe at least three of your competitors, why they are competitors and where they are located<br />
5. Where will you locate your business? If a wholly online business what will you do to attract customers?<br />
6. How will you market or promote your product/service? Ie, online sales, social media marketing, search<br />
engine optimization, personal selling, etc Describe in detail<br />
Post <strong>MGT</strong><strong>211</strong> FS Part 3 Management Team and Operations assignment latest
Part 3Due by Sunday, 11:59 pm<br />
Part 3 Management and Operations (2 pages single-spaced, please include subheadings) 10%<br />
1. Describe who will be the CEO and his/her qualifications/experiences in the product/service industry,<br />
including both education and work and other relevant experiences<br />
2. Describe briefly how you will distribute your product or service Ref pages 348-358<br />
3. Describe how many employees you will need at startup, their particular expertise (eg marketing, financial,<br />
operations, etc), and how they will be paid<br />
4. Describe what types of external advisors you will need and how they will be paid (eg lawyer, accountant,<br />
etc)<br />
5. Describe the legal organization of your business (eg sole proprietor, LLC, Partnership, C Corporation, S<br />
Corporation) and reasons for selecting this legal organization form Ref page 600, Table 185<br />
6. Describe unpaid advisors who will assist you during startup and 3 years thereafter<br />
Post <strong>MGT</strong><strong>211</strong> FS Part 4 Financial Analysis and Requirements assignment latest<br />
Part 4 Due by Sunday, 11:59pm<br />
Part 4 Financial Analysis and Requirements (3 pages single-spaced plus spreadsheets, please include<br />
subheadingPlease include a link to your spreadsheet or include as attachments to part 4 document Thank<br />
you!)<br />
1. Describe your pricing strategy for your product/service Ref Table 91 page 295<br />
2. Describe the amount of startup funds you will need, where you will get them, and how they will be used<br />
3. List 3-5 assumptions governing your cash flow projections For a startup, assumptions are your “best<br />
educated guesses” regarding goals such as how many units you will sell and why, or what your cash flow will be at<br />
the end of each month and why, etc will you pay yourself, what will you pay your employees, will you use full or parttime<br />
employees, what services will you outsource or contract out, etc<br />
4. Complete your startup sources and uses of funds using the “Opening Day Balance Sheet”(third bullet point<br />
under “Finance Templates”) on the following website:<br />
Error! Hyperlink reference not validscoreorg/resources/business-plans-financial-statements-templategallery”>http://wwwscoreorg/resources/business-plans-financial-statements-template-gallery(see<br />
notes below)<br />
1. Develop a one-year projected (pro forma) cash flow statementusing the Cash Flow Statement (12<br />
months)at the (eighth bullet point under “Finance Templates) on the following website:<br />
Error! Hyperlink reference not validscoreorg/resources/business-plans-financial-statements-templategallery”>http://wwwscoreorg/resources/business-plans-financial-statements-template-gallery(see<br />
notes below)<br />
Notes:<br />
Financial Worksheets on the SCORE website:<br />
The SCORE Opening Day Balance Sheet and Cash Flow Statement (12 months) worksheets are “live” excel<br />
worksheets and all you need to do is to (1) read the introductory information, (2) enter your company name and (3)<br />
complete the spreadsheets indicated Once you get into the website, under “Finance Templates” click the third bullet<br />
for the Opening Day Balance Sheetand click on the eighth bullet for theCash Flow Statement (12 months)Make<br />
certain that you have a full page view in order to see the full page These worksheets are active and include<br />
appropriate formulae You just need to insert your projected numbers When you click on the worksheet tabs, go to the<br />
“review” panel in excel and “unprotect” the worksheets This will give you working access and then you will be able to<br />
save your completed worksheet as your own in your files
Opening Day Balance Sheet (or Sources and Uses of Funds)<br />
The Balance Sheet is a snapshot of your financials at a given point in time In this case, it will on the first day of startup,<br />
representing your pro forma projections of how much you will need to start your business and where the funds will<br />
come from The Balance Sheet is a statement of an owner’s assets, liabilities, and equity and should balance; that is,<br />
assets must equal liabilities plusthe owner’s equity This balance sheet is active as well, and your assets, liabilities,<br />
and equity should be based on your best case projections and subsequently are reflected in your Cash Flow<br />
Statement worksheet You just need to insert your numbers and, as above, you don’t have to use all items, if not<br />
appropriate to your business<br />
Cash Flow Statement (12 months)<br />
The Cash Flow Statement worksheet projects your business’ cash inflows and outflows over a given period of time (in<br />
this case, one year, Jan 1, 20xx to December 31, 20xx) and should reflect your assumptions for growth during that<br />
time period Please indicate your assumptions in an attachment to the worksheets Along with your assumptions,<br />
include when you project your breakeven point to be; that is, the time period after which you project a profit (and how<br />
you calculated your breakeven point) You do not have to use all items listed in spreadsheet Use only those items that<br />
may be appropriate to your business<br />
Note: I am providing these SCORE “Business Plans & Financial Templates for your convenience You can create<br />
your own excel spreadsheets or find and use other similar templates<br />
Post <strong>MGT</strong><strong>211</strong> Final Examination assignment latest<br />
This final examination is comprehensive based on the Red Jett Sweets, Inc business plan and is to be completed<br />
using the essay format It is worth 30% of your final grade The final is due by Sunday at midnight EST.