Edmunds Corrugated Parts Essay

The issues that Edmunds Corrugated Parts and Services have been faced with all lead the company to be in position that they are in. This company issues could be sum up as employment and competitor advantage. The employee issues started from the beginning of the company. According to the case Larry, the owner and operator, was not only given a loan but also a barn to start his business. Which was a great start for Larry because he was able to employee about 100 people which many of them were his neighbors. Just as in any company Edmunds Corrugated Parts and Services was face with the fact of replacing employees because they were nearing retirement. As time change the younger generation sought to move away and not stay local so Larry was face with a potential unemployment issue in his company. The other issue that Edmunds was faced with was the fact that they were losing several industries in the United States. According to the case consolidation in the paper industry had wiped out hundreds of the U. S plants that Edmunds once served, with many of the survivors either opening overseas facilities or entering into joint ventures abroad. This was causing the loss of business for this company. Especially when the manufactures were investing in higher quality machines that broke down less frequently. This was the beginning of companies not utilize Edmunds parts because the parts were not needed. This issue was halting the growth and the even the potential to keep the company at the standing they were in for the past years. Create and describe a strategy for addressing the situation at hand. There are various ways of address the two situations at hand. As for the employee issues that they would be facing it is as simple of being proactive. Since the younger generation is leaving the area than there must be incentives for them. The New York Times reported that a Midwest Independent Transmission System Operator, known as Midwest I. S. O was faced with a similar problem. It was even reported that the jobs are so complex that summer interns and college graduates can’t step right into them. Just as the problem of the younger generation moving away and not wanting to stay both companies had similar issues. One of the first things we did was to enhance our employee referral program. Employees now have several opportunities to make money by referring candidates. First, we give any employee who refers a candidate a scratch-off card with a discount for coffee, food or a movie, and we enter their names into a monthly drawing. The monthly winner gets $300, even if we don’t hire the person who was recommended (Begley 2008). When employees refer new employees that general means that the current employee is vested and want to see the company succeed. When the new employee performs below standards than that reflects the current employee and they generally will police themselves. This would allow the current employee to essential hire their replacement and the company could continue with its business. As far as the other issue of growth and losing clients there are many ways that Edmunds could fix it. Edmunds could look into a joint venture. A joint venture or strategic alliance is a form of partnership where businesses come together to share knowledge, markets, and profits. Joint ventures can take on various forms. Small companies can band together to take on the goliaths of their industry. Big companies can form alliances with quicker and nimbler small businesses. And small companies have the opportunity to forge strategic alliances with big name companies for expanded geographic reach (Zarhorsky 2012). This strategy could help them serve the companies that they had lost. If they are in a partnership with the company that services the newer machines they could reach all of the clients that both companies have. In essence it would they could be one company for all machine and equipment needs. Assess which element in the strategy you just described would be the hardest to implement and explain why. Within any business a partnership the difficult part is the implementation of it. The problem that Edmunds would have is the fact of trying to join with a competitor. The companies that are servicing the newer machines are his competition because they have the same clients he uses to. The advantage that Edmunds has is they still have a market share and both companies would benefit from this. According to Business Link a joint venture can also be very flexible. For example, a joint venture can have a limited life span and only cover part of what you do, thus limiting the commitment for both parties and the business’ exposure. This does not have to be a longer term but just to make one stop show to server all of the machines whether they are new or older model. A joint venture can help your business grow faster, increase productivity and generate greater profits. A successful joint venture can offer access to new markets and distribution networks, increased capacity, sharing of risks and costs with a partner, access to greater resources, including specialized staff, technology and finance (Business Link 2012). With all of these factors this would cause the company to grown and be able to stay in business. The difficult part would be to implement the changes that come with a partnership. The companies would have to adopt each other policies and produces to assure they are serving the customer on the same level. Describe what strategies Edmunds could use in the future to reduce potential crises before they happen. One of the main issues that Edmunds was having was centered around employees. Edmunds employees were soon to retire and there were no plans to back fill them. Today, many companies recruit and hire to fill holes â€Å"in the moment† and don’t always consider their long-term business goals or the future needs of the organization. This can potentially lead to bad hires or ultimately, lost opportunities (Hess 2011). There was no recruitment strategy in place to assure that there were back fills for the employees. The only mention was that of the younger generation leaving and not wanting to stay local. As the war for talent continues to escalate, it’s essential that key business leaders are involved with the development of your recruitment strategy to ensure that every hire you make is a good one – for today and tomorrow. Hiring to your business strategy is paramount to ensuring that you’re not only hiring the best available talent – but you’re hiring the best available talent with the desired experience and competencies, to meet both current and future needs of the organization. The future success of your company depends on it (Hess 2011). If the company would hired based on their business model this would help attach the right qualified people. They were only concern with going after the younger generation but the experience was with a older generation. Older generation still has at least 10 years or more and would be significantly younger than that of the retiring work. This strategy with help fix one of their major issues. With a new set of employees brings on a new set of ideas and ways of conducting business. Another area that could help prevent or reduce a potential crisis is developing a Research and Development program. According to Business Exchange research and development (R&D) taken on a more prominent role in businesses, as consumer are looking for quality and innovation at a reasonable price range. This is why Edmunds began to lose clients because the machines changed and there was not a need for their parts on the newer machines. More and more companies are looking to their R&D teams for the â€Å"next great things† as they navigate through the current recession. When revenue is low companies will begin to look for new innovative ways of doing business. Edmunds was not prepared for this shift in the market. If a R&D program was in place this would help prepare for them what lies ahead.

Military of Ancient Egypt: Warfare

Egypt’s military holds as much interest and rich history as other studies of the ancient era. The world’s first armies are known for the invention and spread of agriculture coupled with the domestication of animals in the fifth millennium, of which set the stage for the emergence of the first large-scale, complex urban societies around 4000 B. C. (Gabriel & Metz, 1991). Within five hundred years, the stone tools and weapons used by the ancient Egyptian military evolved to bronze of which its manufacture marked a warfare revolution. Birth of warfare was possible as Egyptian societies emerged in complexity and with fully articulated social structures that provided stability and legitimacy to new social roles and behaviors. Ancient Egyptian urban societies experienced a revolution in social structures that rested upon the new economic base and was most important to the emergence of war. Gabriel & Metz (1991) credit the conduct of war as a legitimate social function supported by an extensive institutional infrastructure, noted by the authors as a â€Å"mechanism of cultural development† (p. 3). Warfare was an indispensable function of the social order in ancient Egypt in order for people were to survive the predatory behavior of others. During the fourth millennium in Egypt, a range of social, political, economic, psychological, and military technologies emerged. The purpose of the emergence was to make the conduct of war a normal part of social existence. Egypt evolved from a state in which warfare was rare and typically ritualistic to one in which death and destruction were achieved on a modern scale. During this same period, warfare assumed great proportions in the size of the armies involved, the administrative mechanisms needed to sustain them, the development of weapons, the frequency of occurrence, and the scope of destruction achievable by military force (Gabriel & Metz, 1991). This marked the fully emergence of the one of the world’s first armies. According to studies by Dollinger (2000), the use of bronze weapons (referenced earlier) is believed to have originated during the Middle Kingdom. Dollinger believes â€Å"bronze Middle Kingdom arrowheads may have been imported from the Middle East† and further explains the production and manufacture of bronze in Egypt â€Å"became common only in the time of the 18th dynasty† (para 1). Egypt’s dependence on other areas for production and import of weapons put it at a disadvantage compared to the rising empires of the east during the first millennium BCE. Furthermore, Dollinger asserts that copper and bronze casting and hammering may have been developed by the Egyptians themselves (para 2). The production and manufacture of weapons was handled in armories where the complete weaponry was also stored. â€Å"When his majesty took action against the Asiatic sand-dwellers, his majesty made an army of many tens of thousands from all of Upper Egypt: †¦; from Lower Egypt: †¦; and from Irtjet-Nubians, Medja-Nubians, Yam-Nubians, Wawat-Nubians, Kaau-Nubians; and from Tjemeh-land.† (The Autobiography of Weni; Lichtheim M, Ancient Egyptian Literature Vol.1, p. 19) Prior to the conquest of Lower Egypt by the Hyksos, the majority of all conflicts the Egyptians fought had been civil wars (Dollginer, 2000; Schulman, 1964). The armies, predominately handled via draft led by noblemen, were comprised peasants and artisans. It was during the period of the Old Kingdom that foreigners were incorporated into the army. Historians, including Dollinger (2000), believe the Egyptians may have signed contracts with foreign potentates to insure the supply of mercenaries. As the Egyptian army evolved, old traditions became obsolete, making it easier for advancement. In fact, many army commanders reached kingship. Such notable kings include Horemheb and Ramses I (XIX Dynasty). Many of the new kings â€Å"surrounded themselves with former soldiers whose loyalty and self-sacrifice they had experienced† (Dollinger, 2000). One soldier was Didu, a professional soldier appointed to the post of responsible for the deserts east of Thebes. He later became representative to foreign countries, â€Å"standard bearer† (leader) of the king’s guard, captain of the ship Meri-amen, and commander of the police force (2000). As time progressed, finding capable soldiers became almost impossible. Empires expanded, making the need even greater. It was during this time that the Egyptians began to enlist prisoners of war into their army (e.g. Sherden, captured during the incursions of the Sea Peoples) (Dollginer, 2000; Schulman, 1964). During the late period in ancient Egypt, foreign commanders, even those of a different ethnic group, frequently led mercenary troops. However, foreigner’s allegiance was often far from what the Egypt army needed. Dollinger explains, â€Å"†¦obedience was not always ensured† (2000). Nevertheless, such disobedience was handled accordingly, even in a most violent manner (e.g., Phanes of Halicarnassos deserted to Cambyses; his troops punished him by killing his children before his eyes). Egyptian history -especially that of its military- is comprised of diversity and rich changes. Covering all aspects and timelines within these pages is impossible. However, through the brief references, this paper supports ancient Egyptian military as a strong emerging force that advanced from a subtle state to a mass enterprise. The military was formerly known as a meek unit, rarely engaging in any major battle. Today, historians reveal the Egyptian military and its evolution as one of the finest and most notable armies in the world. References: Dollinger, A. (2000). A Short History of Ancient Egypt. Retrieved January 3, 2007 from http://www.reshafim.org.il/ad/egypt/history.htm Gabriel, R. A. & Metz, K. S. (1991). From Sumer to Rome: The Military Capabilities of Ancient   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Armies. Greenwood Press: Westport, CT, 2-24. Lichtheim, M. The Autobiography of Weni. Ancient Egyptian Literature, Vol.1, p. 19. Schulman, A.R. (1964) Military Rank, Title and Organization in the Egyptian New Kingdom, Hessling: Munich.   

Internet will misleading children Essay Example | Topics and Well Written Essays - 2000 words

Internet will misleading children - Essay Example Hence, this paper will center on pornographic issues with the intention of knowing how children can access such pornographic information as well as how it affects them. It must be mentioned that most parents do not know when their children or wards have the access to the internet. This makes it to be rather more risky. The influx of smartphones to the market helped in the acceleration of children’s desire to view and read what was posted in the internet. At least, they do not need large computers or laptops to view and illicit materials. Their smartphones in the hands is an enough access to the internet world. It should be known that there are two major contents or materials which children always look for in the internet; written materials, pictures, and YouTube materials. YouTube refers to internet contents that are videoed. With the social media, instant messages become something that will always appeal to children. Children visiting the social media sites like facebook, Black Berry Messenger (BBM), tweeter, and some other social media are always vulnerable especially when they have friends with bad influence. Since the purpose of the social media is to relate and communicate with each other using the social media network, some sexual predators use it as a means to lure vulnerable children to sexual fantasies. The sexual predators do this using text messages, pictures, and the YouTube. They sent erotic instant messages to small children with the aim of arousing them sexually. This includes the use of profane and romantic words in the messaging. Children who are more vulnerable always fall prey to this kind of message by being sexually aroused. In the social media network, communications are also possible through pictures and YouTube. Children visiting the social media network always fall into the various url, pictures, and YouTube video, which they can enjoy for ours at the ignorance of

Food journal analysis week 4 Research Paper Example | Topics and Well Written Essays - 1000 words

Food journal analysis week 4 - Research Paper Example For this assignment, I ate the lasagna as suggested in the hypothetical question, and eating a regular size portion to see what content would rate on the nutrient scale. With the ricotta cheese, mozzarella, Parmesan, meat, my fat intake was quite high on just this part of the meal, at 12.2g - percentage scale is 7.5 - 12.5 grams for fat on this item alone. The saturated fat on the lasagna was 6.3g clearly exceeding the 3.6g or below. Since I made sure to eat healthier the rest of the day, I noticed I began to watch everything else I ate. While I didn't prohibit a cookie(s) or soda(s), the items I chose did weigh on my mind and made me more conscious of saturated fat, trans-fats and "good" fat. In order to not worry throughout the day about the calories or fat content, I could avoid high fat intake by eating more fresh fruits, vegetables, and a diet that is more organic or a raw style. While talk of low-fat items is always in the media, there is good fat that our bodies need in order to function correctly. If I make sure the food I eat is made with those healthier versions, there would be less worry about how I am eating, what the fat content is, and how much exercise I will need to do in order to burn it all off. I firmly agree substitutions of low-fat items for their regular high-fat version are always going to be a good choice; however, more people I know who eat low-fat items find they give themselves the "right" to eat high-fat foods as rewards. This style of eating is not only not a good practice; it can be detrimental to your health, and also can cause a downward spiral into bad eating patterns. I believe if I could eat low-fat items without the addition of higher fat items, my physical condition would improve. By integrating low-fat items, your mindset changes to add other health-promoting foods and practices. I found myself worrying about what I was eating during the day, even though my main meals were more vitamin-rich and not completely loaded with fat. Lasagna ingredients & changes The fat, saturated fat, and cholesterol in regular lasagna come from mainly from three ingredients, the meat, and ricotta and mozzarella cheeses. With the high level of fat in cheese, it would benefit anyone with high cholesterol, high blood pressure, or a heart condition to reduce the fat by choosing low-fat cheeses. White cheeses have the lowest amount of fats, and removing the higher fat content of the ricotta cheese by substituting it with cottage cheese. Lowering the fat content and increasing the vitamin and mineral content by adding more vegetables like zucchini, fresh tomatoes, and mushrooms; or choosing a leaner style of meat, such as lean ground beef, turkey, or even ground buffalo. There are many versions of lasagna out there that you can search for on the Internet or recipe sites that can help you make a tasty version of this meal without the total fat, sodium, and cholesterol. Calories, vitamins, and energy Total calories and vitamin levels for my daily intake was slightly higher than the Recommended Daily Amounts. Calorie amount for my body type, age, and activity level should be around 2,00 calories daily (the mypyramid.gov suggested 2,078) and my day's calories ended up being 2,097 for three meals and a snack. While I made sure to choose healthier items today, some of the vitamins and minerals were still

Ontological Arguments and Belief in God Assignment

Ontological Arguments and Belief in God - Assignment Example His argument, however, was wholly rejected by Thomas Aquinas. Aquinas’s suggestion was that there is no way that mere mortals can conceive what God’s nature is, and thus we surely cannot conceive God like Anselm has said we can (Oppy 122-3). Therefore, this argument can be used only by the ones who can understand the true essence of God and that cannot be anyone but God Himself. David Hume was another philosopher who went against Anselm’s argument. His criticism was that it has no evidential reasoning. His argument was that the existence of a being cannot be proved simply through a priori reasoning. Cleanthes has proposed this argument in the following words: ...there is an evident absurdity in pretending to demonstrate a matter of fact, or to prove it by any arguments a priori. Nothing is demonstrable, unless the contrary implies a contradiction. Nothing, that is distinctly conceivable, implies a contradiction. Whatever we conceive as existent, we can also conce ive as non-existent. There is no being, therefore, whose non-existence implies a contradiction. Consequently there is no being, whose existence is demonstrable (Fieser 232). Yet another proposal was made by Pascal regarding the existence of God; he stated that His existence cannot be decided upon by means of reason and that a logical person should consider that God does exist since there has to be one being who can only gain and not lose anything. However, Pascal’s suggestion was solely for the Christian God and he said there is a possibility of certain people not believing in God in spite of receiving enormous benefits after acknowledging God’s presence, even if for a bet. William Paley was a Christian apologist, utilitarian and philosopher and had his own belief in God. His book Natural Theology presents the proof regarding God’s existence. Paley, like Aquinas, felt that we cannot know about the qualities of God, even if He exists. The fact he argued for was t hat there are much more evidences for the statement that God exists than objections against it. Paul Davies, a theoretical physicist, cosmologist, astrobiologist and author, has written a book regarding the existence of God. His latest book deals with natural theology which suggests that proof for the existence and nature of God is possible to be derived from the reflection we make of the natural world. Davies has used the latest discoveries and scientific facts from physics and cosmology to come to a conclusion regarding the classical theological queries. Answer 2: Anselm has provided certain reasoning in favour of the existence of God. His proposal was that God is the greatest being. And He is perfect. His perfections themselves prove that He exists because perfection requires existence. If He is perfect he definitely exists, no arguments about that for sure. Pascal said that even if one does not have any proof of God’s existence it is better to believe in one rather than r isk his afterlife and lose everything later, while having the time of his life in the world. Pascal talked about the super-dominance argument which states that in case it is true that God really exists the theists would be able to have eternal paradise and atheists, on the other hand, would go through eternal damnation. However, if there is no God the theists would have complete but finite happiness before dying. Atheists would be the same except that they would not have the comforts of religion. Thus, whether God exists or doesn’t, it is the theists who are better off than the atheists. Another argument in favour of the existence of God was by Aquinas, and it was cosmology based. According to his argument the objects that we find to be moving are

Identify qualitative methodology in journal articles and critically Research Paper

Identify qualitative methodology in journal articles and critically review its applicability to the study - Research Paper Example ents were quite appropriate for the study, as capturing the essence of what drives both the management of change and the influence of the processes and systems at two different companies on female workers with varying degrees of education and experience. In order to fully assess different perspectives on these views, the unstructured interview allowed the subjects to freely express their unique experiences and viewpoints regarding the role of women in the workplace and how their roles are defined through different social lenses. Additionally, the unstructured interview, as opposed to the simple survey or questionnaire format, allows the researcher to dig deeper into the human behavioral aspects which drive various decision-making in the workplace. It is a relatively common fact that, from an HR perspective, people have various needs in the professional environment linked to autonomous working conditions and empowerment in order to feel fully valuable to an organization. With this in mind, had this study taken a more quantitative approach, such as the utilization of surveys to locate patterns of behavior at the two workplaces described in the research article, it would have limited the potential of the study by limiting responses to a set series of researcher-designed criteria. For instance, a multi-tick survey instrument, such as a series of questions with potential responses ranging from 1-10 based on personal opinion, might have captured whether specific patterns existed in terms of individual worker pers pectives on the role of women in the workplaces. However, the more behavioral aspects of managing people, such as the soft approach to human resources management where people development is paramount, would be missing from this approach, which justifies this study’s use of the informal interview template to provide for free expression of ideas and unique perspectives. One notable limitation to this study’s design involves its lack of clear objectives: What

To what extent should changes in the relationship between monarchy and Essay

To what extent should changes in the relationship between monarchy and parliament from 1529 to 1640 be seen as arising from divisions over the future of the chu - Essay Example But it was the Crown’s longer term financial problems, exacerbated by wars, in some cases were linked to religious tensions that caused parliament long term changes in crown-parliament relation. Comparing the role of parliament before the Tudor Revolution in 1530s and after the Long Parliament in 1640, it stayed the same in general, and yet, significant changes had occurred, providing Parliament with greater power and more functions. Even after the Bishops’ Wars the power of Monarch remained unequalled and Parliament’s jurisdiction was limited mainly to aiding and advising the Crown. Still, as the Parliament evolved, its influence was extended to more and more aspects of the domestic policy. The 1530s are considered by G.R. Elton1 as a key decade in the constitutional history of Britain. Beforehand, late 15th century parliaments were occasions where the King could meet with the elites to discuss their own personal interests, but the Monarch decided when parliament should meet and it gave advice on polices only if advice was rejected. Parliament’s main functions were related to taxation, legislation, and judicial powers. The Monarch could not tax without Parliament’s consent and had to follow the laws of the realm. The King and Parliament together acted as a legislative body which made the laws of the kingdom, and parliament acted as an advisor for the king in terms of policies, though the King selected which issues he asked advice about. The House of Lords was the highest court in the kingdom, and acted as a court of law, while parliament also provided a national forum for discussing local and national grievances. Thus, Parliament acted as a representative body which G.R Elton said provided a ‘point of contact’ between the King and his subjects because it gave a chance for the King to listen to his subjects grievances. However, Parliament essentially represented the landed and urban elites, King, Lords and Commons governed in their mutual

Principle of marketing Essay Example | Topics and Well Written Essays - 500 words

Principle of marketing - Essay Example After its merger with Alliance Unichem in July 2006 the company seeks to become the world's leading pharmacy-led health and beauty group. The alliance aspires to develop its core businesses of retail pharmacy and wholesale across the world and become a significant player in many major international markets. With more than 1500 retail outlets of Boots alone the Alliance Boots has now more than 3000 retail outlets, besides a good presence on the net. The combined skills, strengths and brands of Alliance Boots makes it Europe's leading pharmacy-led health and beauty group. This is a Market-leader in own brand products. Superdrug, on the other hand is UK's fashion conscious beauty and health retailer. Today it is the second-largest beauty and health retailer with over 740 stores in England, Scotland, Wales, Northern Ireland. Superdrug currently has 226 in-store pharmacies. During the last two year the company has made good investment in establishing itself as a brand in UK. Superdrug recently took up a 10 month campaign for reducing the VAT on condoms and came out successfully when the UK government reduced the VAT from 17.5% to 5%. Now the company has taken up the issue of slashing the VAT on kids' sun care products and for reclassifying the sun-care cream as an essential health care product instead of a luxury beauty item.

Intercultural communication( this is the course I'm studying, not the Assignment - 2

Intercultural communication( this is the course I'm studying, not the topic) - Assignment Example This is why I avoided talking about prohibited food items and drinks as it is uncommon in the country. Hence it is visible that the intercultural context is an important consideration in choosing the subject of any conversation. The cultural setting of the American society along with its diverse population calls for the need to avoid topics such as religion, politics, etc to avoid instigating disagreements. In many cultures, communication is more open and straightforward such as the student’s Dutch relative. In such a case, an American may seem more reserved in initial conversations whereas the Dutch are more casual in their communication. War and peace is a slippery subject matter. Subjects related to war are typically not viewed in a positive light which is evident in the response by the old ladies. Most people view war as an aggressive and violent action, which is why the old ladies responded thus depicting

Economic Growth in US Spurred by New Innovative Technologies Essay

Economic Growth in US Spurred by New Innovative Technologies - Essay Example The essay "Economic Growth in US Spurred by New Innovative Technologies" talks about the last 30 years of the 19th century which was a time in the United States history that was defined by economic growth spurred by new innovative technologies. The greater overall levels of prosperity lead to a massive population growth in this country.For example, the city of New York had a population of 468,492 in 1869, twenty years later the population had grown to 1,093,701 inhabitants. The cities became overpopulated and there was a need to expand away from the cities into the suburban areas. Society was in need of more housing for the new residents that were entering the country either through immigration or through natural birth. The most influential factor that spurred the economy during this era was the construction industry.There were big changes during this era in the capability humans had to travel longer distances in shorter periods of time. New technological breakthroughs in transportat ion systems shorten the distances between rural areas and cities. Some of the key transportation technologies that appeared during this era were the cable street car, the electric trolley, and elevated railroads. With the ability to travel further distances the population and families were able to move away to intermediate regions between the city and rural space, thus the suburban neighborhood was born. At this time construction of homes picked up and enter into the middle class was defined by ownership of a home.

Online Ordering System Essay Example for Free

Online Ordering System Essay Reyes conducted on assessment of the effectiveness of computers in selected organizations in Metro Manila. This study found out that the early approach to computer was for data processing of high volume which have an expanded to computer as planning and decision support levels of managements. the study also that at least level 3 computer literacy af tained by must of today’s computer softwares has been generated. Thus internet has increased in developing computerized information over the years. Quieta studied a comparison of the use of electronic commerce and of traditional business process in selected business establishments in Makati City. Based on the finding of this study, the following recommendations were offered: (1) Traditional business process will still be used in the first part of third millennium by the business industries as their back-up/ support in inevitable circumstances such as computer log-down. (2) consumers are secure and are still afraid to take the risk of paying their bills using their account number and credit card through electronic commerce payment system. (3) Electronic commerce concept in the Philippines has barely grazed the business environment. (4) Electronic commerce is expected to glow in the millennium. This study explored the relationship between owner/ manager factors, organizational factors, market structure, technological factors and awareness of government efforts to promote electronic commerce and electronic commerce adoption levels. The adoption level range from using the internet to communication (level 1), using the internet to communicate and setting up a static website (level 2), using an interactive website and accepting orders online (level 3) and doing the complete business transaction online (level 4). Seventy-eight exporting firms in the National Capital Region NCR completed the survey questionnaire either at their offices or during the trade fair at the World Trade Center. Statistical tools such as chi-square and t-tests were used to determine the significant differences in the responses of the participating firms. Binary profit was also used as a statistical model. A Focus Group Discussion and a case analysis were done to further prove the factors affecting the firms Electronic commerce adoption. The results showed that were only two levels  of electronic commerce Adoption among holiday decoration exporting firms, i.e. level 1 2. One factor that proved significant in influencing firms in their electronic commerce adoption was the owner/ managers understanding the benefits of electronic commerce. However, the negative correlation implied that the more the owner/ manager understands the benefits of electronic commerce the lower the level of electronic commerce adoption. Factors that were positively significant with electronic commerce adoption were years that the firm has been existing export market as a percent of total market, firm size based on assets and location of suppliers. The research studied the acceptability of online shopping website to its buyers specifically, the study focused on China’s biggest and still growing site. Sira.com, and its buyers who were students from top universities in Beijing. This study’s general problem was: what factors influenced the acceptability of sira corporations www. Sira.com among online mall buyers in top universities at Beijing, China. Specifically, its objectives were to: 1. Present the respondent’s understanding of sira.com online mall in Terms of product and promotion; 2. Study the relationship between the product and promotion acceptability of sira.com among online mall buyer, and respondents sex, income, and academic rating of their universities; 3. Determine which of the major customer’s perceived issues should be given priority; 4. Study the relationship between the product and promotion acceptability of sira.com among online mall buyers, and customer’s perceived security risk and privacy risk. The study used descriptive and the chi-square statistical test for analyzing its quantitative data. The primary data were gathered from respondents surveyed by the researcher. After observing multi-stage sampling procedures, a total of 200 respondents were chosen from four top universities. The data and statistical results were processed with the Statistical Package for Social Science (SPSS), version 10. The study concluded that (1) Males are not likely to find shopping at sira.com online mall more acceptable than females; ( 2) A University student enrolled in a university rated higher by the government is not likely to find shopping at sira.com online mall acceptable than the student in the less highly rated university; (3) a customer with higher  income level is more likely to find shopping at sira.com online mall more acceptable than a customer with lower income level; (4) The customer more concerned risk is more likely to find shopping at sira.com online mall acceptable than the customer who is less concerned with security risk. (5) The customer more concerned with privacy risk is more likely to find shopping at sira.com online mall less acceptable the customer who is less concerned with privacy risk. The growth of the internet in the last few years has spearheaded the growth of E-commerce . Many companies have moved part and parcel of their business into new medium.

Article Analysis of Gasoline Consumption Essay Example for Free

Article Analysis of Gasoline Consumption Essay Gasoline is one of the most demanded resources that Americans count on to get us from point A to point B in our vehicles, and it is also used to help us heat our homes. Ethanol with gasoline can be combined for a blended gasoline, which is better for some vehicles. The following information is from two articles appropriate for this topic. In the first article, â€Å"Trends in U.S. Gasoline and Ethanol Use, and Petroleum Production and Imports† by Dr. Robert Wisner, a Biofuels Economist with the Agricultural Marketing Resource Center, states that â€Å"Several decades ago, the U.S. was a net exporter of petroleum products. However, that picture has changed dramatically in recent years as gasoline consumption trended upward and environmental constraints on new wells plus declining production from existing wells failed to keep pace with rising domestic demand. U.S. energy policies in the early 1990s were altered to encourage increased production of biofuels, in part because of a desire to reduce the nation’s dependence on imported oil† (Wisner, 2011). The demand for gasoline and oil is unbelievable. Some observers suggest that oil company collusion, anticompetitive mergers, or other anticompetitive conduct (not market forces) may be the primary cause of higher gasoline prices. If the market price of gasoline is higher than the equilibrium price, a negative slope in the demand and curve will result. The negative slope of the demand curve for buyers will mean that the quantity demanded will be less than the equilibrium quantity. A positive slope of the supply curve for sellers will mean that the quantity supplied will be greater than the equilibrium quantity; hence the quantity supplied will be greater than the quantity demanded. If the market price of gasoline is below the equilibrium price will result in a negative slope and if that happens, the demand curve ensures that there will be a greater quantity demanded than at the equilibrium price. A positive slope of the supply curve ensures that there will be a smaller quantity supplied than at the equilibrium price. Hence the quantity demanded will exceed the quantity supplied. This excess demand will force consumers to spend more time looking for sellers who have the goods available, and to spend more time waiting in line if they do find a seller with the good. These search costs and queuing costs will lead some consumers to offer more for the good, and hence the price will tend to rise. Dr. Wisner also states in the article that â€Å"future trends in the nation’s use of these fuels will depend on a number of factors including the health of the economy and employment levels, automotive technology, the rate at which consumers accept hybrid automobiles, and the possibility of a sharp increase in government-mandated fleet average fuel mileage requirements in the years ahead that has recently been advocated by administration officials. Blending of ethanol with gasoline is mandated to increase sharply in the 2012-2022 period† (Wisner, 2011). Price elasticity of demand is elastic when the percent change in demands is greater than the percent change in price. Inelastic is the opposite. So, I would have to say that gasoline is inelastic because the demand for gas is high and even though prices are rising, people are still buying gas, just not as much as they want to purchase. If there are substitutes (such as electricity or liquid fuel) for a gasoline usually will be elastic. If there are no substitutes it will be inelastic because it is a necessity. I know that no one is happy about gas prices rising, but everyone sure does get excited when the prices drop. When the price of gas increases, consumers will not purchase as much of the product as they would when prices decrease. In the second article, â€Å"Explaining the variation in elasticity estimates of gasoline demand in the United States: A meta-analysis† by Molly Espey, published in Energy Journal; states that Espey examined 101 different studies and found that in the short-run (defined as one year or less), the average price-elasticity of demand for gasoline is -0.26. That is, a 10 percent hike in the price of gasoline lowers quantity demanded by 2.6 percent. In the long-run (defined as longer than one year), the price elasticity of demand is -0.58; a 10 percent hike in gasoline causes quantity demanded to decline by 5.8 percent in the long run. In conclusion, if the price of gasoline continues to rise, there will be a decrease in the demand of the product. If the price decreases, there will be an increase in the demand of the product. When prices are high, demand is low and when prices are low, demand is high. The prices of gasoline will fluctuate because demand is always high. References: http://www.agmrc.org/renewable_energy/energy/trends-in-u-s-gasoline-and-ethano l-use-and-petroleum-production-and-imports http://www.ftc.gov/reports/gasprices05/050705gaspricesrpt.pdf

The Public Transport In London Sociology Essay

The Public Transport In London Sociology Essay London is the capital of England and is one of the largest cities of the world as well of the United Kingdom. The city has a huge population of 8,174,100, making it the  most populous municipality in the European Union. All these people have to move in order to lead their life and a huge number of the population take the private transport for travelling. Although there are many people who travel on their private vehicles, an appreciable number of people take the public transport. London being one of the most modern cities of the world also offers many options to its citizens for travelling. There are  underground train services,  London Buses,  Tram link, the  Docklands Light Railway,  over ground, air transports and other options. A report suggests that annually in London, there are a staggering 2 billion of bus journeys, 1 billion of underground journeys and 800 million journeys on National Rail networks. Body All the people of London travel in the public transports throughout the day. People travel, go to their work, students go to schools by these public transports. A survey was made on the public transport in London by taking opinions from the people of London. The survey was done with people of different ages. The people were asked different questions and their answers were studied. The question asked comprised of two types. One category had one word answers and the other had elaborate options. However, all the questions were multiple choice questions. We gathered a clear idea about the public transport in London from the survey. The first ten questions were one word answers. The survey takers just ticked on any one of the option between yes and no. We found different opinions from different people. Peoples responses also differed with their ages and economic capacities. The first ten questions are given in the table below, along with their answers. The answers are given in percentage after making a calculation from the responses and opinions of the people. Serial Question Answer in Percentage 01 Do you travel in Public transport? 60% 02 Do you have a private transport? 50% 03 Are you a regular traveller? 50% 04 Do you have any income? 70% 05 Do you go to work by public transport? 90% 06 Is Public Transports of London comfortable? 60% 07 Is it cheaper than private transports? 100% 08 Do you find the Public Transports crowd? 80% 09 Do other members of your family travel in public transports? 60% 10 Are you happy with the Public Transports of London? 70% Table No. 01 The outcome of the survey helps to draw a picture of the Public transport of London. The study shows that more than half of the people of London avail public transport. Here we see the figure stands 60%. In addition to that it is seen that a good number of people do not have a private vehicle. Now, the next question asked to the survey takers was if they were regular travellers. 50% of them agreed that they were regular passengers. It meant that they were regular customers and that they depended of public transport. People travel and make journeys for various purposes. The study shows that most of the people went to work in public transport. So, public transport is a very essential medium for going to the work place. It is at the same time a very prominent option for the employees. However, one thing cannot be denied at all. During rush hours and even at some other time of the day, there are huge crowd in these transports. This problem does not happen at all time but mostly during rush hours. The problem is not because there is less number of vehicles but that there are more people at the same time. The scenery is common while people start for office and then again when they return. For this reason 80% of the people said that public transports were filled with crowd. The survey went to details about the topic and about the feeling of the people. The questions were done for the other family members of the people. The individuals were asked if other members of their families used public transports as a mean of travelling. A good number of 60% of the people informed that other members of their family also travelled on these transports. This means that the families that use public transport use the maximum use of it. The last question that was asked to the survey takers was their feeling about the transport systems. It was asked if they were happy with the public transport of London. A total of 70 percent of the people said they were happy with the situation. This conveys a very positive feeling about the Public Transport of London. It also depicts that the communication system of the city is very good, developed and advanced. At the same time it is also very public friendly. The second phase of the survey was the open questions. After getting a picture of the public transport of London the purpose was to go deeper. A total of 5 open questions were asked to get a more elaborate picture. The questions were asked to know about the different types of public transports that the people used. The first of the open question was about the age of the people. The people were asked to disclose their age so that it could be calculated that which age of people took he public transport more. The chart below shows the age wise transporters. Chart No. 01 The chart clearly shows that the most of the people taking public transports are from the age of 15-30. The next group of people who take this transport are the people of aging between 30 and 45 years. Almost no people aging below 15 take the public transport and there are a few people aging 45 to 60 years old take the transports. People aging above 60 do use public transport but they are very few. It means the children are not independent, they depend on their parents. So, they normally do not travel on public transports. The do not usually travel much. If they even do, they are accompanied by their parents. The old people do less travelling, so their percent is also low. The people, who are young aging between 15 to 45 years, are the ones who take the public transport most. It is because they go to work, attain classes, and do all other travelling by the public transports. The next question that was asked to the people was their occupation. It was really needed to know which class or group of people used the public transport most. The chart below reflects the travelling of different people. Chart No. 02 The chart clearly shows which category of the people takes the public transport most. It shows that the working people use the maximum utilization. Next are the students and then are the people looking for work. People go to their work places with the public transports. The students also take this for going to their educational institutions. People who are looking for work are also taking the help of the public transport. The later questions elaborate why these people use this means. The third question that was asked to the people was that which public transports they found more comfortable. London is a city of many dwellers and there are also many options of public transports. The city firstly like all others have public buses. The city has a long and connected underground rail line. It is one of the oldest in the world but much advanced. The railway changed and advanced to the highest extends with the introduction of all the modern technologies. Normal trains are also available added with trumps. The chart below shows the percentage of the different public transports taken by the people. Chart No. 03 The chart clearly shows that most of the people of London take the underground. That means the underground rail transport holds the maximum passengers. It alone carries about 50 percent of the public. The next are the buses and then the trump. The airways is least taken by the people. Air is not so popular because it is expensive. The next question was asked which public transport was lower in cost. The options were the same. The chart below shows the result. Chart No. 04 The data shows that the underground train is the cheapest. That is one of the reasons why people take this transport. The percentage is 70 percent. The figure next to it is the bus which is about 25 percent. The last question that was asked to the people was that which transport saved more time. The chart shows the situation below. Chart No. 05 The answer to the question that which transport saves time is different from all the others. Although very few of the people took the air lines, most of them agreed that airn transport saved the time most. The percent was 70%. The reason again why it was not 100% is because of the distance. Shorter distance could easily be travelled by train and then by buses. Conclusion All the data and the discussions above show a clear picture of the transport system of London. It shows that most of the people of London do take the Public Transport. The study finds that the underground railway dominates among the public transports. London has a very well organized public transport and it is also very advanced in technology. The people living in London are also comfortable with their Public Transport.

1787: The Grand Convension by Clinton Rossiter :: essays research papers

The book I reviewed was 1787: The Grand Convention by Clinton Rossiter. In it he Breaks down before during and after the convention into four parts: The Setting, The Men, The Event, and The Consequences. In the Beginning Mr. Rossiter sets up for us a country that was going trough sever growing pains was without some serious help would not become the world power that it is today. The congressional form of common government that was formed during the Articles of Confederation, though not a failure, where not a success either. In order to finish what had begun with the revolution the great minds and characters of that time must band together and set aside the many differences they had in order to become one powerful government instead of a band of bickering siblings. Although Mr. Rossiter states that they did not come to Philadelphia because they all agreed they wanted to form a new structure for they government, they did feel that something had to be done or else the country that they fought so hard for to become free, would fail. Set up for the readers also were the wonderful and easy to understand breakup of all the men who were going to the convention. All of which were well-to-do men with businesses, prior political experience, and degrees from various University’s from all over the New World. As going over the names and descriptions of the Framers of the Constitution we are forced to agree with the author and others as well who say this group is the crà ¨me de la crà ¨me of the political business and military world like Washington, Hamilton, Madison, and Franklin. I must also admit though that those names were the only ones I had heard and recognized. What this book is good for it to fill in many of the spots that were missing in High School and Elementary school classes. The people who are only given 1 paragraph or a few sentences in to describe their personalities come to life in this book. For which we all must applaud Mr. Rossiter for being able to piece this pivotal moment in our history so well from notes and letters taken from the great men of this era. By far the most important part of this book was the description of the event itself that went on for many months from May 14th to September 17th.

student :: essays research papers

Identification/description of alternatives Provide better customer service Toys â€Å"R† Us can increase the level of customer satisfaction by providing good customer service. Friendly and well trained employees who understand customer needs better and who understand the importance of satisfying the customers will not only assist in encouraging customers to shop at Toys â€Å"R† Us but also contribute to differentiating the company from its competitors. It is important to make each customer feel important and to serve each customer feel like he/she is the only customer. Provide better shopping experience It is key for Toys â€Å"R† Us to make the shopping experience unique and fun. The experience would encourage the parents and their children to stop and shop more often. The unique shopping experience can make the store the best place to shop for toys. The experience would leave a lasting impression in the minds of customers and would make them want to come back and come often. Setting up a game room at the store would attract kids to come to the store to try out new games, interact with other kids and also provide the store an opportunity to introduce and market new products and while the families enjoy a unique and fun shopping experience. Introducing characters in the store like Goeffrey the Giraffe would provide entertainment to the families and improve the shopping experience. Promotions Toys â€Å"R† Us can attract customers by sending out discount coupons and providing special discounts on occasions. Providing various incentives based on what customers spend would help increase consumer spending. Customers buy several toys throughout the various ages of their kids and more than often buy toys for various kids in their family and for friend’s kids. Incorporating rewards/points systems helps Toys â€Å"R† Us establish a long-term relationship with the customer and the relationship only grows as the customer buys each time at the store. This â€Å"lock-in† mechanism would also play a vital role in bringing the customers back to the store as opposed to shopping at the competitor’s store for their needs. 3 in 1 experience The company can bring its umbrella of product offerings from its various stores such as Toys â€Å"R† Us, Kids â€Å"R† Us and Babies â€Å"R† Us under one roof. Providing several products in one store provides the customers more than one reason to stop at the store. Families with kids in different age groups and families with varying needs can find their needs in one place presenting the customer with a â€Å"one stop† shopping experience.

Ways in Which the Use of Teams Helps Cadbury Achieve its Strategic Aims and Objectives :: Cadbury Work Ethics Employment Essays

Ways in Which the Use of Teams Helps Cadbury Achieve its Strategic Aims and Objectives 1) Explain the meaning of the â€Å"terms† and â€Å"groups†. Teams ===== A team is a group of people with a common purpose who have complimentary skills. Working as a team has many advantages such as: * Distributing the workload * Reinforcing individual capabilities * Creating partipation and involvement * Improve productivity and pride in what they do * Respond more quickly to change * Reduce middle management level * Draw on expertise of members. There are two types of teams: Formal – a formal team is created for a specific purpose e.g. The employees at Cadbury world work as a formal team because they work together to meet their aim of ‘creating brands that people love’ Informal – an informal team develops in a less structured way e.g. a group of students at Josiah mason college may start a discussion on the way the teachers teach and are not happy with it they might get together and do something about it. Groups and teams are similar, however, teams require coordinated effort while individuals may work independently in groups. Groups A group is when two or more people work together on a certain task E.g. a group of students work together to form a presentation. But a group doesn’t have to work together or achieve something a group can also mean something else for e.g. There can be two different places in a cafà © one for smokers and one for non-smokers 1 Describe the ways in which the use of teams may help the organisation achieve its strategic aims and objectives. Working as a team: advantages of a teamwork and cooperation and to identify and understand the stages of team development. For a team to achieve its goals, its members must do more than just carry their own weight. They must involve, support, and share information with there team mates. And they must commit to the success of the entire team, not simply their own success. Working as a team clearly teaches employees the personal, interpersonal, and organizational advantages of working together whether in teams or work groups. Advantages of working as a team * Distributing the workload * Reinforcing individual capabilities * Creating participation and involvement * Improves motivation * Share knowledge and understanding * Provides opportunity for managers and supervisors * It also encourages innovation I will use Cadbury as an example to describe the ways in which the use of teams may help the organisation achieve its strategic aims and objectives. Cadbury Schweppes aim is: ‘ Work together to create brands that people love’ Objectives. †¢ Promote ethical business practices †¢ Respect the environment and communities in which we operate

Managers Are Born Not Trained Essay

From the historical views, obviously there were a lot of leaders who are very outstanding. History recorded that some emperors in the past, they were born to have the power and right to control and achieve what they want, those people who may not need to be trained a good leader. it is sometimes claimed that heroes were born to be at the right place and right time, undoubtedly, some people were born to have talent, which is the method to do things better than others, however, it does not mean they can achieve their goals without improve themselves by training themselves become a better leader. In contemporary society, manager can be one of the core types of leader. The difference is manager is more concentrate on relies on authority provided by organizations and imposed upon subordinates. A good manager need to be versatile instead of only has talent. Since managers should act to make subordinates to do what they need to do by using official authority. How to apply in reality is a big challenge that all manager are facing. This essay will argue that although some people were born to have the ability and talent to be good managers but evidence and researches indicate that most of successful managers do attempt to work hard for what can take the place of inborn methods to be a good manager. The types of leader can be varied. Normally these types can be divided into traditional, charismatic and appointed. Traditional leaders can be someone who was born to have the power and the right. For instance, emperors, they do not need to be trained how to lead citizens or dominate a country. It is sometimes said that not everyone can be a good emperor, because not everyone has the ability to dominate a country very well. In the past, science and academy has not been developed to a certain level in order to prove that the conditions to be a leader is not only can be born but also can be trained and through experienced a lot.

Business Proposal for a Tutoring Agency Essay

Executive abridgmentThe proposal is for a carri mounting fri take a breatherdership establish in the eastern London field in theUK. This is sack to be a hittnership that re run be beat among 3 pardners Shirin Akhter, Meer Hossain and Faisal Ifitkhar. The patronage pull up stakes be financed by the married persons themselves, with the net pull ins distri alo admit symmetricly by and by wrongs atomic spell 18 studyed.The sepa pasture(a) managering sedulousness in the UK is today experiencing a unfluctuating growth, with muckle supporting a big sum of m hotshoty per moment to detain the function of an donnish from each unrivalledy qualified tutor. However, this comp some(prenominal) is foc delectationd much on creating a commercialisedise place for pack that bum non afford to cook up 70 to atomic number 6 for a backs differentiatee tutor. All 3 of the component partners had some engage got in universe some(prenominal) scholars to privy tutors and mystical tutors themselves, and t presentfore ca-ca collaborated to hire the combined skills to enter the mart of clannish Tutoring.The first step of this contingency is to tote up up with a profession jut away. The conception leave behind stick around along a record that impart advocate in the belief of the partnership. As there is very token(prenominal) live favor complicated in this project, the partners argon non seeking whatever financing from whatsoever opposite investors.The grocery found on miscellaneous saucys treats, personal research conducted on p arnts residing in the vitamin E London normalwealth and considering the draw and skill of the partners (who completelyow for be the tutors as suffice up), the smart muckle has found out the nonpargonil identify market. The indicate market has 3 separate segments Students preparing for the Entrance Exam, 13+ and GCSE students. The initial base of students leave com prise of children of various p arnts the tutors exhaust a personal community with. The cultural similarity (the tutors and potential pargonnts are of eastern Pakistani ethnicity) is harmonisely the pivotal agentive role in this control. However, the beau monde wishes to reverse superstar of the largest tutoring agencies in East London. and then it formulates to tutor children from separate cultural backgrounds gradu tout ensemble(a)y.The serveThe emolument provided to the orchestrate go out comprise of one to one tutoring, root tutoring, GCSE exam preparation and online suffice ( affectionate media). The beau monde would fancylly shape up groups academic academic terms as it is hail telling for two tutors and the students. Although privy sessions prat be deemed as being cerebrateed and intensive, group session perplex means for healthy postulate and discussion, so enhancing the learning procedure. The suffice of teaching would be found on pers onal skills coupled with givedback from diffe tide rip partners and feedback from the students. The focus of the services is not of immediate satisf coiffureion of queries, but of break under hold outing of the concepts pushd to tutoring.The subjects in which the federation offers insular tutoring take on bank line Studies, Accounting, natural philosophy, Chemistry, Science and math, and verbal and Non-verbal Reasoning.Promotion and advertThe initial base of students that sink up been proposed here are not at par with the rich families, whence the USP of the proposed club is that it volition provide tutoring service to students for a universalsensical hurt. It has been noticed that the fairish price consort for tutors in East London is 15 to 20 per hour, whence the confederacy forget provide the sessions 1 and one- fractional hour long for the same silver. It apprise therefore establish it self as a fraternity that is afford open.The partnership wishes to employ the entirely about utile advertising for the minimum represent as well up. at that placefore it would use record book of blab out as its main promotional tool. well-off students and their parents are therefore the close grand component in their promotional mix. The partnership ordain as well make use of societal Media for promoting the smart compulsive, as well as to use the online weapons platform for feedback from the students and to financial aid the students online when circulate. The fraternity would in contributeition sport some gross sales promotion in the form of preliminary price offer, much(prenominal) as getting 5 sessions for the price of 4. However, the details of much(prenominal) sessions are yet to be discussed. instructionThe instruction of the phoner would comprise of tout ensemble in alone 3 partners, however, as per the legal inbred of UK, Meer Hossain allow act as the nominative / general partner for the follo w. However the need for the partners to act as managers impart however arise after it has grown considerably. The managers are therefore the employees of the federation.All 3 partners are Graduate and professionals who too had survive as snobbish tutors. The partners in either case defy pass in functional as supervisors / managers in their own professional area. They have drive to a greater extent and much culturally unbigoted and astute, as they have been accomplishmenting in a multicultural country for more(prenominal) than a few yrs.The management will act as trainers when the company is pass to engender employing other tutors for the company.Future plansThe company plans to ext s line of longitude it services to embroil undergrad students as their nodes. The company also has plans to tick up a meshsite, as well as start the option of icon conferencing in the future.1. Description of the craft1.1. careThe company would approach teaching in an innovativ e and unique way with the inclination of table serviceing creating a bridge among students and the subject they need to have a hefty grasp on. The customised and focused summons of teaching would equip the students with the necessary tools needed for improving their correspondence and thus achieving supremacy in their studies. The company is ranged by the mental satisfaction and the observable outcomes of the students. The winner of the company rests on the success of the students.1.2. The severalise factors1. Creating effective and innovative flairs of approaching various(prenominal) subjects and the partitions within them for the easiest thinkable understanding of the challenging subject matters.2. Increasing market mien via word of mouth promotion achieved through with(predicate) the excellence in service and fri peculiarityship distribution.3. Creating a constant feedback performance whereby the unavoidably of the item-by-items are assessed and the processes tailored as a result.1.3. Goals1. To be the market leader in tutoring service in East London, specializedally in the London Borough of Tower Hamlets by the oddment of year 4.2. To echo the taxation of the company by the end of stratum 2.3. To extend the tutoring service to Undergraduate students by the end of socio-economic class 2.4. To establish a strong online presence via interactive web learning process by the end of year 2.1.4. Scope of the origin jibe to Smith (2012), a micro- argument is delimitate by the involvement of 1 to 4 people, and a smallish task has 5 to 20 people in the enterprise Smith, H. (2012) detect small-scale art Startup in 7 Days, Wiley, Milton, QLD, AUS, p 2. The proposed Tuition deputation lowlife be therefore defined as a micro- line of strain as the number of people in the core business would be 3, at least at the outset. As far as the cultures and objectives are concerned, the business aims to be slightly bigger that a small business a s far as the aforementioned rendering is concerned.1.5. The companyThe proposed company would provide tutoring services in few selected subjects for students ranging from 11+ to the GCSE qualification, commission mainly in the East remove of London, UK. The courses the company aims to provide tutoring support includes maths, physics, Chemistry, trading Studies and Accounting. The company would also provide tutoring supports for students implicated in other subjects, but would act as a contact headspring would primarily outsource such tasks, playacting as an intermediary in the process.The tutoring sessions would focus on assisting students grasping seemingly serious concepts in the aforementioned areas of study. The process taught would abet them perform better in their respective(prenominal) schools and / or educational institutes. It would also help them create a strategy for any forth approach exams. The service would also assist them in understanding the effective meth od of writing various essays relating to the subject(s). The company aspires to secure student in a manner where they would empowered to solve various problems on their own, quite an than approaching idiosyncratic tasks on a short-circuit term basis.1.6. The ownersThe proposed company would be owned by 3 people Shirin Akhter, Meer Hossain and Faisal Iftikhar. The company would therefore be a partnership. The ownership is expected to remain unchanged, but extenuating circumstances might bring change to the ownership structure.1.7. levelheaded and regulatory frame of the companyBased on the classification as stipulated by UK, the owners will form a modified partnership curb fusion GPO2, http//www.companieshouse.gov.uk/about/gbhtml/gpo2.shtml, accessed 10 dreadful 2013. therefrom the owners or partners of this company will be liable for all debts and obligations, however, the scope of such debts and obligations will not be more than the individual enthronizations towards t he company.As mentioned in the proposal, the company would be registered as a partnership. check to the present definitions set out by the Department of run short and Pensions, the owners (partners) of the company would therefore be separate as self-employed. The company would not itself ante up any taxes rather taxes would sole(prenominal) concur on the individual revenue enhancements of the partners in the business line up up a business partnership, https//www.gov.uk/set-up-business-partnership, accessed 10 alarming 2013.Some of the terms of the engagement will include the following1. The profit of the business will be proportionable to the initial capital invested by the individuals entering into the agreement.2. Meer Hossain has hold to be the nominated partner as per the fatality of the the UK government for a partnership at the outset. on that pointfore the company will treat Meer Hossain as the provided limited partner / general partner at the outset. Any amen dments would be discussed upon and the changes would be done accordingly.3. The partners will also act as the employees of the company, and they would receive salary as employees of the company according to the service they provide, ground on the rates fixed.1.7.1. DBS ChecksThe revealing and dis concede Service (DBS) has recently replaced the CRB checks in the UK. Although this is not a requirement for cloistered tutors in terms of their business Fagg, H. (January 19th, 2013) sassy divine revelation and disallow Service (DBS) What it means for individual(a) tutors, http//www.thetutorblog.com/tag/crb/, accessed 10 marvellous 2013, because the mastermind market for this business involves working with children, the partners, as employees, would apply for a DBS check on themselves with apocalypse Scotland, a branch of DBS that allows for self employed tutors residing in England, Scotland and Wales to be checked. It is considered tobe an essential part of the company go past divine revelation and Barring Service (DBS) checks (previously CRB checks), https//www.gov.uk/disclosure-barring-service-check, accessed 10 dreadful 2013.2. bloodline opportunitiesAn investigation into a possible business always begins by abbreviation various opportunities. Therefore all the sources relating to an prospect should be studied and analysed, and the process should also be done on a systematic and regular basis Murthy, C.S.V. (2010) clarified Scale Industries and entrepreneurial Development, planetary Media, (Mumbai, IND), p 43.The tutoring service is not someaffair novel in idea however, the aim of the company is to provide the service at a sensitive terms. fit to Lesonsky (2001), it is not necessary (for virtually start-up companies) to come up with a sore and unique idea. A wise business can venture into an subsisting industry, homework on how it can improve on the quick practices and how it can differ from its disceptation Lesonsky, R. (2001) Start Yo ur Own air The barely Start-Up Book Youll Ever get hold of, enterpriser Press, Irvine, CA, ground forces, p 24. The partners in this witness have agreed on an opportunity that they feel they can make the most use of by becoming the affordable solution to tutoring needs.2.1. The driveway forces2.1.1. ExperienceAs Amar Bhide faceted into the clannish ventures in America, he discover that new ventures in the country were usually problems that the founders of such companies confront themselves and were look at solving those problems. 71% of these domain experts were actually people who approached an aliveness problem differently in their area of business, whilst 20% used their serendipitous ideas in their new business ventures Price, R. W. (2004) Roadmap to entrepreneurial winner Powerful Strategies for construct aHigh-Profit Business, AMACOM Books, Saranac Lake, NY, the States, p 73.The 3 tutors have all come from Bangladesh, where they already had experience of being taug ht by a tete-a-tete tutor and being a tutor themselves. They have all felt that for some of the trickier subjects, such as higher mathematics (Binominal Equations, Matrices, Calculus, Statics and Dynamics etc.), physics and Quantum Physics, Organic Chemistry and various other subjects required that the students have a fussy understanding outside the realms of a classroom environment. However it was not really a business plan until recently, when they effected that there is a ripening demand for such personal tutoring in the UK as well.As mentioned by Pinson and Jinnett (2006), an entrepreneur can look into his or her interests and volunteer experience for an idea of a business. They also added that capableness is of the essence(predicate) in regards of a new business, and any specialised skills that can complement Pinson, L. and Jinnett, J. (2006) travel to Small Business Start-Up Everything You Need to go to bed to Turn Your Idea Into a booming Business, Dearborn Trade, A Kaplan Professional Company, Chicago, IL, USA, p 2-3. The partners realised that their experience in being both students and private tutors can come in handy for the new business setup. Therefore they agreed to come up with this new business venture.2.1.2. A rising marketThe market of private tutoring is now experiencing a surprising growth in the UK. fit to a recent parole musical theme by the BBC Burns, J. (2 solemn 2013) clandestine tutors pressurise grammar sees, suggests survey, http//www.bbc.co.uk/ word/education-23547666, accessed seventh of grand, 2013, A master study found out that many an(prenominal) parents in the UK nowadays rely on the service of private tutors to increase the chance of their children of securing a place in a grammar school. As the poll suggests, around 72% of the 212 first year grammar school students surveyed had undergone private tutoring for entrance exams during their final years in primary schools. Of this 72%, 5% accepted private tutor ing as part of a small group, whilst 67%of the grammar school students subscribe to a one-to-one form of private tutoring. Around 78% of these students believed that private tutoring was cooperative for them in the enhancement of their implementation in the entrance exam. Prof Judy Ireson mentioned that some of the parents grasp that this process of private tutoring is rational as it can help their children to perform well in the entrance exams for schools of their choice Burns, J. (2 high-minded 2013) cliquish tutors boost grammar chances, suggests survey, http//www.bbc.co.uk/ newsworthiness/education-23547666, accessed 7th of magisterial, 2013.In a news report in 2009, Guardian domaind that 45% of students found in London has had a private tutor. The percentage is now increasing, and according to TES, around 25% of all students mingled with 11-18 years of age have all received some form of private tutoring, preciseally in mathematics Dyer, A. (24 July 2013) Private Tuiti on Is on the Rise, Should the Industry Be Regulated? HUFFPOST STUDENTS linked Kingdom, http//www.huffingtonpost.co.uk/alex-dyer/private- teaching-regulation_b_3643876.html, accessed 8th August 2013.2.1.3. Better return on investment possibilityPrivate tutoring is pretty common in more affluent households. There are few London ground tutoring firms that hire graduates from Oxford and Cambridge, who sometimes charge a hefty amount of 70 deoxycytidine monophosphate for a one hour session, just for the preparation of entrance exams. There are also reports that suggest that parents on medium incomes are also subscribing to the service of private tutors, as mentioned by the private tutoring kitchen stove Explore attainment Aug 17th 2013 Private tuition Premium economy, The Economist (British Edition), http//www.economist.com/news/britain/21583707-private-education-becoming-more-egalitarian-premium-economy, accessed 20th of August, 2013.2.2. Potential CustomerThe tutors for the compa ny are all qualified as graduates. However, given the scenario as depicted in the news reports above, the tutors have decided notto teach, as of now, any higher than GCSE level. The target market in this regard can be broadly categorize into 3 segmentsPre-Entrance students Students who want to prepare for entrance for a grammar school of their choice fall into this category. The subjects that would be taught in this regard include Mathematics, verbal Reasoning and Non-verbal reasoning. English has been excluded due to the non-native billet of the tutors.13+ students Students in this target student can receive tutoring in Science, Mathematics and Verbal and Non-verbal Reasoning.GCSE students for the GCSE students, the subjects that will be covered will include Business Studies and Accounting, Science, Chemistry, Physics and Mathematics.2.3. CompetitionTutors are generally people who have specific expertness and elflike(a) extra time. A significant amount of competitors are mainly one-to-one private tutors that advertise on various online websites, such as Gumtree http//www.gumtree.com/other-tuition-lesson-services/london/private+tutor, accessed 09 August, 2013.With the growing number of tutoring agencies with a physical institution and a strong online presence, the competition in the private tutoring market is varied and intense. According to a directory website of East London, the average rate per hour as charged ranges from 15 to 20 per hour http//www.hometutorsdirectory.co.uk/EastLondonTutors.html, accessed 09 August, 2013.3. merchandise plan and StrategyThe difference amidst a rapidly growing company and a slowly growing or declining company operating in the same target market is in the effective spate of the former. As an example, companies such as Coca-Cola, Frito-Lay and Gillette have all succeeded in their respective market because of the fact that they were able to market better than their competitors. Therefore to grow a business, it is essent ial to become an effective marketer, advocater and advertiser as well Henricks, M. (2001) Grow Your Business, Entrepreneur Press, Irvine, CA, USA, p 152.The marketing plan in this regard includes the construction of a victorious strategy for the target. Burk and Lehman (2004) define strategy as a plan of action that has been knowing purposely towards a goal or a set of goals. The components of a good strategy should include an perspicacity of the state of the business at the time of formulating the strategy, appellative of the goals to be achieved, and the processes adopted to sieve the goal and to consider the problems in the process Burk, J. and Lehman, R. (2004) financial backing Your Small Business, Sphinx Publishing, an Imprint of Sourcebooks, Inc., Naperville, IL, USA, p 21.3.1. initial essentialsThis is a start-up business therefore an analytic thinking of present performance of the business cannot be done. There are however a few essentials that has been agreed upo n forwards the business can be started. These essentials include3.1.1. DBS checksThe DBS checks of the 3 person bear on will be done via Disclosure Scotland, and will monetary value 25 for each person involved Disclosure Scotland Apply online for Basic Disclosure Cost, http//www.disclosurescotland.co.uk/apply-online/ exist, accessed 10 August 2013.3.1.2. Registration and licensingThe Company bid would be registered and would aim for a sensiblecertificate by modify up an IN01 form and that would cost 20 http//www.companieshouse.gov.uk/infoAndGuide/faq/registerNewComp.shtml, Accessed 19 August, 2013. The company would also apply for a limited partnership by filling up an LP5 form LP5 form, LIMITED PARTNERSHIPS good turn 1907 Application for Registration of a peculiar(a) Partnership(In accordance with section 8 of the Limited Partnerships Act 1907), http//www.companieshouse.gov.uk/forms/generalForms/LP5_Application_for_Registration_of_a_Limited_Partnership_and_Statement_of_parti culars_and_of_the.pdf, and the cost in this regard is also 20.3.1.3. Company book of factsFor the time being, the company will be registered against the residential address of Meer Hossain as the nominated / general partner of the firm.3.2. Objectives of the BusinessThe goals of the business have already been discussed in the short description of the business. However, in this section, the goals would be progress broken down in what is know as orthogonal objectives.SMART is an acronym that is comm only if used for determining objectives of a business. SMART objectives are objectives that are Specific, Measurable, Achievable, Realistic and Timebound, or SMART mishandletin, V. (2006) Managing Projects in Human Resources, culture and Development, Kogan Page Ltd., London, GBR, p 11.Based on the goals of the organisation, the objectives set for the company therefore are as follows1. To have an overall average revenue of 5,000 per calendar month at the end of 1st year.2. To increas e the revenue to 10,000 at the end of year 2.3. To employ at least 2 local (UK academic qualification) graduate students before the end of year 2.4. To create an interactive website at the end of year 2 for potential and be customers.The objectives here specified are by and large cogitate to the expected future performance of the business.3.3. The Unique Selling Proposition (USP)It is consequential for a company to come up with a USP for its products or services to stand out from the competition. USP has been defined by Rosse Reeves (1961) as a proposition that communicates to the customers about a unique benefit that can be acquired from a product or service and the benefit needs to have full power to account for considerable revenue Reeves, R. (1961) Reality in publicize, Knopf, New York, NY, USA. USP was considered to be advertising imperative for any gull building exercise.This company will promote tutoring at a reasonable cost. The USP of this company is therefore afforda ble education for aspire students. It is evident that although the target customers are students, the USP will be aimed at parents who would pay for the service and therefore would see the benefit in this process3.4. PricingAfter looking at various figures in the market, the set that has been set for various students are as followsFor Entrance Exam preparation 15 per session of 1 and half hour.For 13+ tutoring 15 per session of 1 and half hour.For GCSE preparation 20 per session of 1 and half hour.The pricing has been agreed upon establish on the market in East London, and the quoted price above offers more for the money as spent in the brisk market of Private tutoring.3.5. Promotion and AdvertisingThe company would be promoted via 2 study media The meshwork and word of mouth. The former can also be termed as kindly Media merchandise, and will rely mainly on a Facebook rogue. There would also be sales promotion, therefore inserting a telephone number of inducing for the b eginners and encouraging great grip procure for the company.3.5.1. Word of MouthAs it has been mentioned before, the partners of the company has each conducted (unstructured) data collection in areas in the Tower Hamlets Borough in an strain to assess the need of a tutoring service. These surveys were conducted among people that they personally knew. This is where the word of mouth process comes in.Word of mouth is considered to be the most effective method in devising the process of decision easier and also in accelerating the decision process of potential customers Silverman, G. (2001) Secrets of pipeline merchandising How to Trigger exponential sales Through Runaway Word of Mouth, AMACOM Books, New York, NY, USA, p 21. Word of mouth advertising is done by satisfied customers, friends and ordinarily close relatives, but satisfied customers are the most desired in the mix. each(prenominal) of the partners started private tutoring in the process of helping out a friend or a family member, and that would also be the starting line point for this company. The partners would start by tutoring children of the parents they have conducted a survey on, and that would ensure that the process of word of mouth gets started. They would ask these parents to interest them toothers, as well as signify any struggling student to them.3.5.2. Sales PromotionSales promotion will also be adopted by the company, whereby the target customers would be given an incentive outside the scope of advertising Hundekar, S.G., Appannaiah, H.R. and Reddy, P.N. (2010) Principles of Marketing, Global Media, Mumbai, IND, p 103. In this case, the potential customers will be offered to take advantage of bulk purchases, therefore they can buy 5 sessions for the price of 4. The sales promotion would also inspire customers to create a small group of students at their homes for studying, thus minify the cost per head in the process..3.5.3. affable media marketingIn this day and age of Fa cebook, Twitter, Buzzfeed, LinkedIn and various other kindly media networks, it has become easier to setup a platform that is around free and tremendously interactive.The act of peak and creating various contents online creates a pile of like minded individuals that interact with each other Agresta, S., Bough, B. B. and Miletsky, J. I. (2010) Perspectives on genial Media Marketing, credit line engine room / Cengage training, Boston, MA, USA, p 2, p 36. favorable media have now become an meaning(a) sector on its own upright is considered vital for influencing behaviour of consumers Assenov, I. (2012) favorable Media Marketing and the Hospitality Industry Evidence from Thailand. 6-7 family unit. The participants in social media interaction becomes part of the round of golf of social feedback, as demonstrated in the figure below. The Cycle also illustrates how social media can influence a market Evans, D (2010) Social Media Marketing The beside Generation of Business Eng agement, Sybex, Hoboken, NJ, USA.picFigure 1 Social Feedback Cycle(Source Evans. D, 2010)Amongst the existing set of Social Media Network, Facebook is considered to have the highest reach. As of 2011, Facebook had more than ergocalciferol million users worldwide Weintraub, M. (2011) killer whale Facebook Ads Master Cutting-Edge Facebook Advertising Techniques (second Edition), Sybex, Hoboken, NJ, USA, p 2. The number of Facebook users is ever increasing. Facebook also has the capability to be personal and professional. It can be used to promote a venture as well as to marry with close ones and friends Adler, L. and Sillars, R. (2010) Linked Photographers Guide to Online Marketing and Social Media, Course engineering science / Cengage Learning, Boston, MA, USA.The partners have decided to open up a Facebook page under the name of the company. The page would act not only as a promotional tool, but it would also act as a platform for feedback from existing students, as they will be able to post various of their queries on a session they have already undergone. The page would also include effective links, motion pictures and study materials relating to the sessions.4. Operations and Processes4.1. Background of the owners / employees1. Shirin Akhter She is shortly doing her MBA with a reputed institute in the UK. He is from a Bangladeshi descent, and has been an experienced private tutor for some time in Bangladesh. Her areas of expertise include Business Studies, Mathematics and Chemistry.2. Meer Hossain An ex-engineer in the marine industry, Mr. Meer Hossain has in erudition academic knowledge of Applied Physics and Electronics. Like his partner, He also was a house tutor in Bangladesh for a considerable goal of time before he moved out to Russia, at last coming to the UK. He works as a trainer in a retail setting, and therefore is also deft in communicating in the most culturally relevant manner. His are of expertiseinclude Physics, Mathematics and Chem istry.3. Faisal Iftikhar Alumni of one of the top business schools in Asia, Faisal Ifitkhar is currently working in the retail industry as a trainer and a customer service assistant. He is adept in creative writing, and recent interests into Physics have increased his understanding of the subject. He has the experience of teaching in a classroom environment as well as a one to one private tutor. His Area of Expertise include Mathematics, Business Studies and Accounting.All of these individuals have one thing in common they are all good at assessing the needs of the individual and customise their process of teaching accordingly. The partners have also decided to hold every week meetings that would discuss the problem areas of their own students and work out the best solutions, so that the individual is catered for in a more effective process.4.2. Personnel planThe company plan to improve their capability and try to reach the undergraduate market by the end of category 2. It also pl ans to employ more tutors at the beginning of Year 2. However, the requirement of extra tutors depends on the capacity and the willingness of the existing instructors.There would be a fosterage plan devised for any prospective teacher who is being hired. The training plan would involve the following few processes1. Training on the Job The trainer that has been recruited will be asked to accompany the existing tutors and learn how tutoring is done. This would give them a practical sense of what is involved in the process of teaching.2. Personal assessment on the skills Although a tutor will be hired found on a respectable academic record, they would ease need to be assessed by the company, and prepare if necessary on areas where there is room for improvement.3. Feedback and group communication The new tutor will be included in the weekly meetings that discuss specific problems relating to specific students. The discussion would not only assist in learning various tricks of the t rade, but the employee will be able to put in his or her feedback and thus add value to the company.4.3. Dealing with the start upMartin and Crisp (1992) have depict that the initial few months of a business are usually the most high-priced ones, and a successful business moldiness have lavish to keep it going for several months Martin, C. L. And Crisp, M. G. (Editor) (1992) start Your New Business A Guide for Entrepreneurs, Course Technology / Cengage Learning, Menlo Park, CA, USA, p 12. This has been considered by the partners. They have all decided that would continue to work in their present workplace, but with reduced hours, and therefore any special cost relating to the company would be reimbursed by the partners of the company. The input in this regard would count as investment, and therefore the profit would be shared accordingly, at the end of they 1st year, in proportionate to individual investment.4.4. The process of value inceptionMore and more companies are now be coming socially responsible. It is not full that a company is profitable, but it is all of the essence(predicate)(predicate) that a company adds value to the society. Social Entrepreneurs are therefore considered to be the new wave of entrepreneurs.In terms of creating value, the billet can be made between those who are social entrepreneurs and those who are commercial entrepreneurs. According to Volkmann, Tokarski and Ernst (2012), Commercial entrepreneurs are more focused on value appropriation, whilst the social entrepreneurs are focused on value creation Volkmann, C. K., Tokarski, K. O. and Ernst, K. (2012) Social Entrepreneurship and Social Business An Introduction and intervention with Case Studies, customs duty Gabler, p 106.The company in this regard can be termed as a mixture of both. The obvious value is that of a commercial reputation, the business is going to be involved in a profit oriented service industry. However, due to the nature of the service provided, it can be give tongue to that the company will also add value as it becomes part of the educational system in the country.4.5. Diversity managementThe company aims at tutoring students who are based in the East London Area. East London has a lot of Bangladeshi people, which is therefore culturally and linguistically easier for the owners to relate to. Keeping that in mind, the company is to consider that fact that to be the top of all tutoring agencies, it would need to be able to deal with a diverse group of students coming from a diverse group of ethnicity. Therefore a certain level of heathen Intelligence or CQ is expected from the tutors.According to Ang & Dyne (2008), CQ or cultural intelligence is the capability of a person to function in various cultural settings Ang, S. and wagon train Dyne, L. (Editor) (2008) vade mecum of Cultural Intelligence Theory, Measurement, and Applications, M.E. Sharpe, Inc., Armonk, NY, USA. The partners, working and living in UK for a considerab le period of time, has exhibited CQ towards their co-workers, managers and employees. That learning will be coordinated as the company starts to serve in different cultural settings.The hiring process as explained would also consider in these facts, and druthers would be given to someone from a different cultural background than that of the owners.4.6. Services offeredThe target market has been identified and classified in preceding sections of this proposal. In this section the services are classified and explained in terms of what kind of tutoring services can be provided among the target consumers.4.6.1. One to one tuitionOne to one tuition would obviously be the most common one in this regard. The teacher will travel to the students student residence and teach him or her on an individual basis.4.6.2. Group sessionNot only is group session more cost effective, it is also more effective in terms of learning. A group session enables the students to interact and communicate with each other and thus creates a better understanding of the subject matter. Group sessions would therefore be especially encouraged for the students.4.6.3. GCSE revision coursesAs the GCSE exams approach the students, this service would enable the students to get help with the following Preparing for the exam Learning various exam techniques Guidance for courseworkThis would also include appraisal services for utterance and for coursework.4.6.4. Online servicesBased mainly on social media feedback, this service would actually use the online platform for feedback and queries from the students and deal with the queries promptly.4.7. Future trading operationsThese services will be part of the start up business, and the company has plans to add more services as the company improves. By the end of year2, the company plans to serve Undergraduate students, and has plans to include distance learning, whereby the net income will be used for group session via mental picture conferencing.5. Technological considerationThere is no denying the impact earnings has on the present business scenario. It is considered as one of the greatest disruptive engineering to hit the world since electricity. GE chairwoman Jack F. Welch (1999) said that the internet was the ace most important event in the U.S. economy since the Industrial Revolution Price, R. W. (2004) Roadmap to Entrepreneurial victory Powerful Strategies for Building a High-Profit Business, AMACOM Books, Saranac Lake, NY, USA, p 45.The technological consideration in this regard is mainly the maximum wont of the internet, especially via Facebook. A Facebook Page will be created for the students and the parents. The Facebook page will include the following1. Discussion (Generated by the App Forums) It is important that students discuss various problems they face with specific subject areas.2. tvs various useful hints and tips would be uploaded from the tutors, discussing very specific methods and processes of overco ming various problems regarding subjects.3. Photos Photos will include the success of various students who have subscribed to the service of the company, as well as various other related photos, and, true to the internet generation, various Memes will also be uploaded to continue a lighter side of studying.4. Docs this is more appropriate for a group rather than a page. The docssection will include various useful hints and tips, shortcuts, and various other methods and processes that are categorised in a coherent order for existing sets of students.However, a Page on Facebook is more public, whereas the covert of a group can be controlled. Therefore most of the materials will become part of a Facebook group, enabling fee paying students to get the most out of social media.5.1 Future online plans5.1.1. WebsiteMany noteworthy Tutor services, as well as companies, have their own websites. Although there is a cost consideration in a website, the flexibility that can be offered on a w ebsite would outweigh the comparatively minimal cost. The website would mainly have the option to pay / register online, therefore making it easier on future customers.5.1.2. Distance learning via video conferencingThere are numerous softwares, apps and programmes that allow for video conferencing for virtually no cost. The only cost consideration in this regard therefore is the initial setup, which would buying a business internet connection for the company, a physical facility to set the computers, and of course, computers that will be used for video conferencing. Video conferencing would thus increase the reach and precipitate the cost of traveling.5.2 CommunicationTo ensure cost minimisation, the partners will make use of their existing mobile phones for various forms of communication. However, there are plans to subscribe pay-as-you-go phone services to deal with future communication, if frequency of calls increase, and also if the cost becomes more than thenumber of calls th e partners can afford. The company expects to include pay-as-you-go phones in the 2nd half of the year.6. Financial ConsiderationThere is little start-up cost involved in the business. investiture would come mainly from the partners themselves. However, there are future cost and investment considerations in this business that have been mentioned, however, the estimation is based on the projection of increase in business.6.1. Estimated initial / fixed beThe sum sum total cost for the start-up is 115 in total. There are also costs of travelling, which comes at 96.80 per month for each tutor (based on a zone 2-4 rate in a travel card). The travelling cost might increase if the target audience lives in zone 1 (which includes Aldgate and Liverpool Street) or is outside zone 4 in East London. These costs will be accounted and paid for from the revenue of the individual tutors. The tutors in this regard might come up with a travel allowance to fructify for the salary of the employee. Adjusting the total cost of travelling to 3,500 for the year (rounded from 3484.80 annually for the company based on zone 2-4 travelling only), the total cost comes as followspicFigure 2 Estimated (fixed) Cost for Year 1 hit Cost for Year 1 survive cost 3,500 Start up cost 115 union Cost 3,615 6.2. different CostsThere are other costs that might occur, which can be termed as variable costs, though not in its strictest terms of production cost per unit.As far as the plans are concerned, if the company needs to buy pay-as-you-go connections, internet connection, a facility and a video conference setup, additional costs will occur.As an example, if the company is able to rent a space in East London for the aforementioned purposes, the cost would be as followsRent / month 1,000 2,000 (depending on the facility and the area)Internet payment / month 16 (BT Business Broadband) Latest Bt Business Deals http//www.uswitch.com/wideband/providers/bt_business/?bb=1&gclid=CJ2ZrMW3m7kCFZPItAod cAIAPQcontent, accessed 19 August 20133 pay-as-you-go phones 20 x 3 = 60 per month (O2 pay and go-go-go service) O2 Pay and Go Go Go https//www.o2.co.uk/freesim/, accessed 19 August 20133 laptops (with webcams and microphones) Average market price 320*3 = 960 http//www.currys.co.uk/gbuk/computing/laptops-315-c.html, accessed 19 August 2013.6.3. Expected RevenueIn terms of the projection of the revenue expected in the future, the company has gone for a button-down approach. The demand for tutors only from private contacts is deemed enough to reach a monthly target of 5,000. Therefore it does not account for any new students that will be make use of the service in the future. However, the 2nd year projection can be termed as optimistic, as the assumption is that the business will actually grow and will be able to generate double the revenue.The revenues, as expected from the operations, are as followspicFigure Expected Revenue for age 1 and 2 Average income / month Year 1 Year 2 Entrance students 2500 3,500 13+ 1500 3,500 GCSE 1000 3,000 References1. Smith, H. (2012) Learn Small Business Startup in 7 Days, Wiley, Milton, QLD, AUS, p 22. Murthy, C.S.V. (2010) Small Scale Industries and Entrepreneurial Development, Global Media, (Mumbai, IND), p 433. Lesonsky, R. 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O2 Pay and Go Go Go https//www.o2.co.uk/freesim/, accessed 19 August 201335. http//www.currys.co.uk/gbuk/computing/laptops-315-c.html, accessed 19 August 2013 appendix sidestep 1 Expected Revenue, Year 1Jan Feb Mar Apr May Jun Jul Aug kinfolk Oct Nov Dec Entrance Exam 1,000 1,000 1,500 2,000 2,500 5,000 6,000 6,500 4,500 0 0 0 13+ 1,500 1,500 2,000 2,000 2,000 2,500 1,500 0 1,000 1,500 1,500 1,000 GCSE 1,000 1,000 1,000 1,500 2,500 2,500 1,500 0 0 0 500 500 Total Revenue 3,500 3,500 4,500 5,500 7,000 10,000 9,000 6,500 5,500 1,500 2,000 1,500 send back 2 Teachers Payment, Year 1Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Shirin 800 800 1200 1200 2000 2four hundred 2four hundred 1600 1440 400 480 400 Meer 1200 1200 1200 1600 2000 2800 2400 1600 1520 400 560 400 Faisal 800 800 1200 1600 1600 2800 2400 2000 1440 400 560 400 Total Payroll 2,800 2,800 3,600 4,400 5,600 8,000 7,200 5,200 4,400 1,200 1,600 1,200 Table 3 Profit and Loss (Before Taxes), Year 1Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Revenue 3,500 3,500 4,500 5,500 7,000 10,000 9,000 6,500 5,500 1,500 2,000 1,500 60,000 unyielding Cost 3615 0 0 0 0 0 0 0 0 0 0 0 3,615 Variable Costs 35 35 45 55 70 100 90 65 55 15 20 15 600 Teachers payment 2,800 2,800 3,600 4,400 5,600 8,000 7,200 5,200 4,400 1,200 1,600 1,200 48,000 Total Cost 6,450 2835 3,645 4455 5,670 8100 7,290 5265 4,455 1215 1,620 1215 52,215 Total Profit -2,950 665 855 1045 1,330 1900 1,710 1235 1,045 285 380 285 7,785 Note Variable costs are determined as 1% of the expected revenue assumption includes additional cost of travelling (Zone 1).