When you select a theme for the management class, it is important to approach your essay from the perspective of "real world" whenever possible. Many students are so well forgotten in theory that they forget to consider practical applications. While the business management course is in academic circles, the ultimate goal is to prepare you for success in a real business environment. You must take care to select a theme that has a value for you and has some practical value
The following topics should be the starting point for your management class. Select this value and narrow it down so that you can thoroughly cover the material in the essays-length of the document
Discuss the ways in which entrepreneurs and entrepreneurs have taken risks
Business risks can be internal or external, and there are many different types of risks depending on the nature of the business. Identify one of the risks that business enterprises have to deal with, such as crime, accidents and injuries, loss of profits, etc. Obsession appropriate strategies related to a particular type of risk: e.g. prevention, reduction, transfer and retention. What security measures should be taken? What types of insurance (property, labour, etc.) are usually required by enterprises? What should a company do to ensure compliance? (ALL)
Describe the financial options for starting a theoretical business
Most starting businesses have moderate initial values, and owners should be economical and creative. What are the opportunities for financing the start-up business? Discuss equity capital and sources of debt as possible ways to secure financing at an early stage. How can a sound financial plan (nature, capacity, capital, security and conditions) be secured to provide financial support? Will banks, private investors and/or venture capitalists be an option? Which sources are available when your company needs to expand?
Arrange against the free market system
Supporters say the free market system ensures that the business is operational and competitive. Some may argue that the free market actually leads to giant corporations and unreasonable prices for consumers. Is the free market a perfect competition? When and how should the government intervene? In your argument, the question of what role the Government should play in the private business sector, including how it relates to monopolies or oligopolies, should be discussed. Which types of industries will govern the Government? Discuss other alternative market systems, such as the planned economy.
Discuss how and why employee motivation works
Managers should motivate their staff to achieve optimal performance. In addition to monetary rewards, how do employees motivate, for example, to provide work that is important, flexible, recognition, etc.? How can responsibility be delegated to both management and staff? Discuss how motivators evolve over time, and what can be done with it (for example, as employees make more money, the financial incentive becomes less motivational factor.)
Discuss issues related to site selection for business
What are the relevant characteristics of the community, such as the economic base, financial incentives and demographics? Is there a strong competition with similar enterprises in the community? Is the site practical for buyers, especially retailers? Does the site provide adequate access to deliveries? Are there any buildings and/or land available for rent or purchase? Remember that proper layout planning is an important factor in site functionality
Learn the elements of a successful business plan
When developing a business plan, business managers must consider " five P
Develop a business promotion strategy
Successful business needs can be a promo customer for potential customers, so your plan should include information that explains your product or service, which types of product you want, as well as the time frame for the promotion of the product, as well as the justification for the type of promotion. Will it be more efficient to print or broadcast advertisements (or a combination of them)? Are there any opportunities for advertising? Consider the budget as an important factor for the promotion of your business.
Discuss the methods for developing and managing sales
For most entrepreneurs and small businesses, success (or lack thereof) depends to a large extent on sales. What are the most important characteristics of good sellers? Organization, persistence, knowledge of the product and customer, as well as proper preparation are all important features. Planning, guidance, and validation are also critical to successful sales. The manager must be able to maintain control over the sales team
Check out the legal problem that is related to starting the business
The Intellectual Property Act is an important element that should be considered before proceeding with any business plan. Which copyrights, patents or trademarks can be applied to a particular product? Which types of permissions and licenses will be required? What laws are relevant to your particular situation? You need to know about regulations that protect customers, employees, and other companies. Consider also the collection and payment of various types of taxes and, among other things, read the policies related to discrimination and product safety. Successful business requirements must ensure legal integrity and fulfill all their legal obligations.
Inventory management system analysis
Inventory must be carefully thought out to ensure that they are not too large or too small. What are the advantages of different systems (e.g., visual, timeless, partial, only-time) that you can use to track inventory? Discuss some of the activities related to the storage of items, such as retrieving/delivering documents, and storage, assembly, and packaging. What can be done to avoid problems with inventory? A balance should be considered between competing requirements of available stockpiles and storage/processing costs