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Hi i am working on my Business Plan 3 and this is related to Introduction to Business class. Business Plan 1,2 I chose to do

Hi i am working on my Business Plan 3 and this is related to Introduction to Business class. Business Plan 1,2 I chose to do about open a nail salon. so same as this Business plan 3, I also do about thr open a nail salon. Please, help me answer these questions. image text in transcribed

image text in transcribed

4. Often, founders wear multiple hats until their businesses begin to generate sufficient income to cover payroll costs for additional personnel. These areas of specialization include financial, operations, marketing, human resources, and administrative managers. Which specialized management roles will you play in the new business? Will you need to hire people for particular management functions? Write a few sentences about your management skills and how they relate to the specialized management roles you will assume. If you need to bring in others for specific functions, explain your plan and timing. FIGURE 6-7 rol Management Speciation 5. As the manager of your own business, you'll need five types of skills for success. How much experience do you have in each of these skills? How can you further develop your management skills as you plan for your new venture? Write two to three sentences about how you can prepare yourself for the challenges ahead by improving these management skills. FIGURE 6-8 Key Skills of Successful Managers Analytic Skits Conceptual Skills Key Management Skills Interperson Skills Como Technic 6. As your business grows, you'll need to plan for the jobs and the organization, as well as the corporate culture. First, consider how many managers and employees you are likely to have when you launch the business, and how many you plan to have by the end of your first year. How will you group these Jobs (by function, product, location, customer, or a combination), and why? Given the number of people in your organization by the end of the first year, do you anticipate a wide or narrow span of management, and why? What about centralization of authority? Are you willing and able to delegate if necessary? What about the availability of labor for your business, as it grows? Write a paragraph about your answers, mentioning why these decisions make sense in the context of your goals, funding, markets, and other decisions. 7. Now give more thought to your product or service. For design planning, list your main product(s) or product line(s) and, based on the goals set in your answer to Question 2, estimate how many units of each product you will produce, month by month, in the first year. If you're planning a service business, estimate how many services you will provide to customers (by number of times a service is provided or number of hours a service is provided), month by month, in the first year. Next, think about facilities planning, including where you will produce your goods or make services available to customers. Finally, outline your top priorities for operations control. Write a paragraph or two summarizing your ideas about production planning, facilities planning, and operations control. TABLE 8-2 Production Planning: A Summary Both planning for production and operation code syafem is to reduce product or service The Process Begins with Planning for Production 1. Research and Development identifies ideas for a product or service 2. Design Planning develops a plan for producing a product or service 3. Site Selection and Facilities Planning identifies a production site, a plant layout, and human resources are available 4. Operational Planning decides on the amount of products or services that will be produced Then Four Operations Control Steps Are Used to Produce a Product or service 1. Purchasing obtains required materials, supplies, and parts from other fems. 2. Inventory Control ensures that materials supplies, and parts are avalable when needed 3. Scheduling ensures that materials and other resources are at the right place and at the right time in the production process 4. Quality Control determines If the firm has lived up to the standards it has set for itself on the quality of its products or serv The End Result: A Successful Product or Service w are some common quality 4. Often, founders wear multiple hats until their businesses begin to generate sufficient income to cover payroll costs for additional personnel. These areas of specialization include financial, operations, marketing, human resources, and administrative managers. Which specialized management roles will you play in the new business? Will you need to hire people for particular management functions? Write a few sentences about your management skills and how they relate to the specialized management roles you will assume. If you need to bring in others for specific functions, explain your plan and timing. FIGURE 6-7 rol Management Speciation 5. As the manager of your own business, you'll need five types of skills for success. How much experience do you have in each of these skills? How can you further develop your management skills as you plan for your new venture? Write two to three sentences about how you can prepare yourself for the challenges ahead by improving these management skills. FIGURE 6-8 Key Skills of Successful Managers Analytic Skits Conceptual Skills Key Management Skills Interperson Skills Como Technic 6. As your business grows, you'll need to plan for the jobs and the organization, as well as the corporate culture. First, consider how many managers and employees you are likely to have when you launch the business, and how many you plan to have by the end of your first year. How will you group these Jobs (by function, product, location, customer, or a combination), and why? Given the number of people in your organization by the end of the first year, do you anticipate a wide or narrow span of management, and why? What about centralization of authority? Are you willing and able to delegate if necessary? What about the availability of labor for your business, as it grows? Write a paragraph about your answers, mentioning why these decisions make sense in the context of your goals, funding, markets, and other decisions. 7. Now give more thought to your product or service. For design planning, list your main product(s) or product line(s) and, based on the goals set in your answer to Question 2, estimate how many units of each product you will produce, month by month, in the first year. If you're planning a service business, estimate how many services you will provide to customers (by number of times a service is provided or number of hours a service is provided), month by month, in the first year. Next, think about facilities planning, including where you will produce your goods or make services available to customers. Finally, outline your top priorities for operations control. Write a paragraph or two summarizing your ideas about production planning, facilities planning, and operations control. TABLE 8-2 Production Planning: A Summary Both planning for production and operation code syafem is to reduce product or service The Process Begins with Planning for Production 1. Research and Development identifies ideas for a product or service 2. Design Planning develops a plan for producing a product or service 3. Site Selection and Facilities Planning identifies a production site, a plant layout, and human resources are available 4. Operational Planning decides on the amount of products or services that will be produced Then Four Operations Control Steps Are Used to Produce a Product or service 1. Purchasing obtains required materials, supplies, and parts from other fems. 2. Inventory Control ensures that materials supplies, and parts are avalable when needed 3. Scheduling ensures that materials and other resources are at the right place and at the right time in the production process 4. Quality Control determines If the firm has lived up to the standards it has set for itself on the quality of its products or serv The End Result: A Successful Product or Service w are some common quality

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