What actions can richard take now to manage the risks

Assignment Help HR Management
Reference no: EM131674096

Discussion: Small Business and Liability

Business acumen is an important skill for small business owners. Equally important is being knowledgeable of the laws governing small businesses.

This knowledge can help small business owners minimize legal liability and protect their business.

For this Discussion, read Case 16, "Richard Harris and Harris Homes LLC" in your Entrepreneurial Small Businesstextbook, page C-18.

What do you think are the two greatest risks facing Richard Harris's business? Why?

What actions can Richard take now to manage the risks you mentioned above?

From this experience, what recommendations would you make to Richard Harris to do an even better job of preparing for future hurricanes?

Reference no: EM131674096

Questions Cloud

Create intervention proposal and begin doing your research : You should now make your final decision regarding which case study you would like use to create your Intervention Proposal and begin doing your research.
What makes you feel fully human : 1. In what ways do you belong to people? 2. What makes you feel fully human?
Who is involved in home-based delivery : Describe one of these initiatives in 200-300 words. Include your reflections on the perspectives reflected in the program/initiative.
Formulate probability of a lightning strike starting a fire : In a thunderstorm in a national park there are 127 lightning strikes. Experience shows that the probability of a lightning strike starting a fire.
What actions can richard take now to manage the risks : Business acumen is an important skill for small business owners. Equally important is being knowledgeable of the laws governing small businesses.
Probability of loss of production time due to lamp failures : A manufacturing plant has 350 special lamps on its production lines. On any day, each lamp could fail with probability p = 0:0017.
Explain the situation and your perception of effectiveness : Explain the situation and your perception of the effectiveness of this method with respect to obtaining credible information.
Evaluate the effect of time horizons for financing option : Which financing option(s) is most advantageous for each phase of the business, given the different financing needs at each phase?
Compute probability of no service days in seven day week : For the system in Exercise I, call a day in which one or more failures occur among the 350 lamps a "service day." Since a Bernoulli sequence "starts over".

Reviews

Write a Review

HR Management Questions & Answers

  Accomplishing an organization goals

Question 1: Which of the following is the person responsible for accomplishing an organization's goals by planning, organizing, staffing, leading, and controlling personnel?

  Human resources future trends challenges measure turnover

human resources future trends challenges measure turnover effectivenessa. what are some future trends and challenges

  Whats on the credit side in a balance sheet

What is the trick to figure out what goes on the debit side and whats on the credit side in a balance sheet?

  Define starbucks ability to achieve long-term sustainability

Determine one (1) key management competency that a successful manager at Starbucks is likely to have. Indicate one (1) way in which this particular competency is a good fit for the organizational culture.

  Explain what is the denominator level of activity

Explain What is the denominator level of activity and what were the standard hours allowed for the output last year

  Reflect upon the challenges that face virtual teams

We learned how virtual teams are becoming more prevalent in organizations today based on the globalization of business. Reflect upon the challenges that face virtual teams. Share these challenges along with any recommendations on how businesses ma..

  Summrize the case of the misguided supervisors

How could the hospital in this example have prepared its supervisors to understand their proper role during an organizing campaign? Explain and justify your answer.

  Executive summary from human resources

Senior leadership at Matrix are requesting an executive summary from human resources that will help them understand the need for a new performance appraisal system and the details associated with developing this process.

  Provide advantages and disadvantages for each given method

Select three methods for conducting an evaluation of an employee's performance. Finally, provide the advantages and disadvantages for each method.

  Compile a diversity training manual

To complete the CEO's request for a comprehensive training manual, she has asked you to first create a table of contents for the manual and to complete about 5% of the manual itself, just laying out the structure

  Risks associated with changing exchange rates

Discuss the risks associated with changing exchange rates and international commerce and provide a scenario demonstrating these risks.

  Explain human resource based strategic approach

Human Resource Based Strategic Approach - Propose three ways that HR can use competitive advantage in the marketplace to recruit new applicants in general.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd