Reference no: EM13881125
Describe how you would handle the decision making process in the following scenario: You and a close family member have decided to open your own retail clothing store. You have equal investment risk, but different skill sets that bring a well-rounded approach to the overall business strategy. Critical business decisions must be made and as with any business there are times when partners do not agree. Write a paper describing the business decision making process and how conflicts would be resolved for launching a controversial line of clothes. Your paper should include the following:
- What is the decision making process normally used by you and family member? Is there one person responsible for the new line of clothes or accessories due to their experience and skill set, or are decisions mutually agreed upon? Describe how the conflict would be resolved with you wanting to launch the clothing line, while your business partner does not. How would the decision-making process help resolve this conflict?
Consider the special challenge of working to make a company decision with family involvement.
Consider the special challenge of working to make a company decision with family involvement.
The requirements below must be met for your paper to be accepted and graded: 1
• Write between 500 — 750 words (approximately 2 — 3 pages) using Microsoft Word. • Attempt APA style, see example below. • Use font size 12 and 1" margins. • Include cover page and reference page. • At least 60% of your paper must be original content/writing. • No more than 40% of your content/information may come from references. • Use at least two references from outside the course material, preferably from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the two reference requirement.
Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must be identified in the paper and listed on a reference page.Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must come from sources such as, scholarly journals found in EBSCOhost. online newspapers such as
|
Difference between a partnership and a corporation
: What is the difference between a partnership and a corporation?
|
|
What is the annual interest amount for the bond
: James McCulloch purchased a 20-year U.S. Treasury bond four years ago for $8,500. The bond paid 3.500 percent annual interest. Four years later he sold the bond for $8,580. What is the annual interest amount for the bond? What is the total interest M..
|
|
Key difference between the strategy adopted by analyst
: Suppose Japanese yen money market annual rate is .60% and U.S. money market has an annual rate of 4.50%. The predictions on the spot rate in 6 months made by financial analysts X and Y are ¥116/$ and ¥114/$ respectively. If the spot rate today is ¥11..
|
|
Typically within the control of the organization
: Use both research and your personal experience to develop a SWOT analysis of your college or university (your school's website is almost certainly a rich source of information). Remember that strengths and weakness are internal, and typically within ..
|
|
The overall business strategy
: Describe how you would handle the decision making process in the following scenario: You and a close family member have decided to open your own retail clothing store. You have equal investment risk, but different skill sets that bring a well-rounded..
|
|
Prepare the lessee''s entry at the inception of the lease
: 1.At the beginning of 2013, VHF Industries acquired a machine with a fair value of $6,074,700 by signing a fouryear lease. The lease is payable in four annual payments of $2 million at the end of each year.
|
|
Assume bradley link induced conversion
: When the common stock price reached an all time high of $37 in December of 2014, 40% of the warrants were exercised.
|
|
Can rainbow recoup the unpaid amounts from basic explain
: Despite this limit Rainbow sold ads to Basic through Icebox on credit. Basic paid Icebox for the ads, but Icebox did not pass all of the payments on to Rainbow. Icebox filed for bankruptcy. Can Rainbow recoup the unpaid amounts from Basic? Explain
|
|
Analysis of promotional program situation
: I need a IMC plan on my Artistry Brand from Amway- Corporate Growth, Analysis of promotional program situation and Communications goals and objectives
|