Eric Daugherty My business idea is a home remodeling company that purchases homes that are cheaper than market value, remodeling them to meet current market trends and expectations. My business idea includes many different types of operations. First, and most important, this company would need to have employees who are well aware of current housing market trends and how to obtain affordable properties in order to “flip” them and create revenue. The company will begin with few employees. I would maintain the business functions of the business and contract out different jobs, such as: electrical, flooring, lighting, plumbing, etc. These jobs would most likely just require the hiring of one general contractor. Only HBA approved businesses will be used in this aspect of the business to ensure quality work is done to generate the highest amount of income as possible. The types of homes that would be purchased for renovation would be either foreclosed homes or homes that are run-down and in need of a dramatic change because these would come the cheapest and have the most potential for profit. This business will be located in the Mahoning Valley and will be looking throughout the valley and expand further if a good opportunity is identified outside of this vicinity. The customer that will be targeted in the beginning of this business will be small families as well as individuals who are looking to purchase their first homes. The age range these types of people fall into is 20-35. This age range is very flexible, however, and can be easily changed for whoever is looking to purchase a home of this size. Both men and women demographics will be targeted with this type of business. The income level is also a very flexible part with this variety of business. Generally, we would be looking for financially stable individuals or couples with enough credit to obtain a loan from a bank and be able to purchase these homes as fast as possible in order to move onto the next project in hopes to make more profit. As was
Functional Areas of Business
There are several reasons a person may decide to pursue a Masters of Business Administration (MBA) degree, such as to get further in their career, to seek new job opportunities, or to increase skill and knowledge. While getting an MBA degree, one will get to understand an array of functional areas of business. Some of the interesting functional areas of business are accounting, management, and leadership.
One interesting functional areas of business is accounting. As…
organizational structure (Jick & Peiperl, 2011). They covered the entire United States and 15 foreign countries. One concern in this case comes from the fact that there are too many layers of management. There were nine to twelve layers between the first line managers and the executive level (Jick & Peiperl, 2011). The average manager supervises five people or fewer in most cases. Thirty percent of leadership managed three people or less (Jick & Peiperl, 2011). Another issue was the multilateral reporting…
Occupy Wall Street Movement
Dr. Antony J. Jacob
Business Ethics 309
July 29, 2012
Discuss the moral and economic implications involved in the movement. Ethical behavior in business is consistent with the principles, norms, and standards of business practice that have been agreed upon by society. Society is unhappy with greed and corruption of wealth inequality prevalent in the U S. The wealth of the United States people…
Functions and Role of Law in Business and Society
Law/421 - Contemporary Business Law
Functions and Role of Law in Business and Society
Melvin describes law “a body of rules of action or conduct prescribed by controlling authority, and having a legal binding force” (2011, p. 4). In other words, law is a set of rules that dictate acceptable actions and behavior, which are created and upheld by an authority, which carries consequences for disobedience. There are…
November 16, 2011
Strayer University-Allentown Campus
Alan Mulally, CEO, Ford Motor Company
1. Discuss the role of leadership and how it can impact organizational performance.
Leadership is the process of developing ideas and visions, living by values that support those ideas and that vision, influencing others to embrace them in their own behaviors, and making hard decisions about human and other resources (Hellriegel & Slocum, 2011, p. 290). Whereas…
Organizational Communication – BADM 6123
Master in Business Administration Health care 131
Southern Nazarene University
Dr. Pam Broyles
June 10, 2014
This paper will be discussing organizational culture, what it means and what the key components are. Webster defines culture as the beliefs, customs, arts, of a particular society, group, place, or time a way of thinking, behaving, or working that exists in a place or organization (such as a business). Organizational culture can be seen…
these ways, innovators know that experimenting is often the only way to generate the data require to ultimately achieve success” (Dyer, Gregerson, & Christensen, 2011, p. 151).
The Case: Proctor & Gamble (P&G)
Proctor & Gamble (P&G) founded in 1837, by two brothers-in-law, William Proctor and James Gamble entered into business together at the suggestion of their father-in-law. Their first branded product was Ivory Soap. 175 years later, the multinational consumer goods company remains…
Organizational Behavior Terminology and Concepts
In today’s business world people are important assets to a business or organization. Because people are important to organizations both big and small, understanding how people interact within various groups is essential. An individual’s interaction within a group is known as organizational behavior. The study of peoples’ behavior in groups is becoming an important factor in organizational structures. Studying organizational behavior is a critical…
Running head: WMWARE - SCHULTZ
VMWare - The Rise of Cloud Computing
Matt Schultz (D01326697)
Keller Graduate School of Management
Strategic Management of Technology – TM583 (Fall A)
Dr. Woody Wu
December 11, 2011
“The VMware strategy is to help customers achieve cloud-like efficiency and operational improvements across the major IT infrastructure investment areas” (Steve Herrod, 2010). To date this strategy has involved products and services targeting complexity…
Technology, Engineering, or Math, as in most things these days (Bloomberg 2013).
One of the Japanese multinational conglomerate “Sony Corporation”, according to their history “Sony” that is a small group of young people and the unlimited innovative ideas with their passion and energy (Sony History). It also be called “Head of Electronic” (Dina, Lo. 2005), most of various high quality innovative technology products are manufactured by “Sony”.
The old good days has gone. Some new technology firm, such…