Entrepreneurship is a journey that begins with identifying an opportunity. The entrepreneur can create various forms of businesses, from a sole proprietorship, general partnership, or limited partnership, to a Limited Liability Company. Patents protects an idea from duplication or unauthorized. The creation and evolution of McDonald’s business is a perfect example of the entrepreneurship journey. … Read more
Chapter 13 1. Explain what is meant by the time value of money. Why is a bird in the hand worth two (or so) in the bush? Which capital budgeting approach ignores this concept? Is it optimal? The time value of money is a concept that some amount of money today is worth more than … Read more
The ‘Joy’ film is about Joy Mangano, an inventor and entrepreneur who proves her commitment to creating the Miracle Mop. She comes up with the idea after going through challenges using the regular mop. Her success story has many lessons on business management, more so entrepreneurship. The movie brings out various business concepts such as … Read more
Do you think companies can succeed if they don’t have detailed job descriptions? Explain your answer, either for or against. Companies can still succeed even without detailed job descriptions. Job descriptions state what the worker does, how they do it, and the working conditions. But, it is not the principal factor behind a company’s success. … Read more
Q1: What human resources tools can be used to identify potential internal candidates for an available job and evaluate the promotion of employees in the organization? Explain your answer. Companies can get employees from internal or external sources. There are drawbacks and advantages to adopting either of these approaches. However, it depends on what a … Read more
One of the most prominent topics in talent management is wages. The human resource team must always develop a wage system that is fair to every position in the organization. It must incorporate those that work overtime by compensating them for the extra hours. Therefore, HR must identify the employees that are exempt and non-exempt … Read more
Trilogy Enterprises Inc. of Austin, Texas, is a fast-growing software company and provides software solutions to giant global firms for improving sales and performance. It prides itself on its unique and unorthodox culture. Many of its approaches to business practice are unusual, but in Trilogy’s fast-changing and highly competitive environment, they seem to work. There … Read more
Being an entrepreneur requires attributes to minimize the risk of failure. The most vital traits are prior entrepreneurial experience, relevant industry experience, and networking. Some find entrepreneurship challenging because of the potential loss of capital and resources. With these attributes, an entrepreneur can raise the chances of success and turn any idea into a successful … Read more
Entrepreneurs develop businesses out of ideas and hope for growth and success. However, sometimes the business can grow beyond the expectations causing varied challenges. These challenges might hinder business sustainability if not addressed at the early stages. Therefore, entrepreneurs must always analyze available growth strategies and choose whichever presents more opportunities. Get help to write … Read more
Question: You are the HR consultant to a small business with about 40 employees. The owner has asked you to prepare a one-page summary listing (1) the mandatory benefits the employer must provide, and (2) a strategy for figuring out what non-mandatory benefits the employer should also offer to their employees. Get help to write … Read more