Critically discuss the statement Entrepreneurs who wish to expand Essay

Critically discuss the statement Entrepreneurs who wish to expand their business should first expand their networks - Essay Example At the appropriate times the company sends customized message to the customers with suggestion for flowers and presents. The company gains a world-wide reputation. Therefore, good management information systems fast the business operation and use resource more effective. Basket Company also involves similar business actives we discussed above, by equipping the management information system, will greatly support business operation. Now the competition f basket market is very furious, it is not enough to improve only the product, we should impress the customers as a person who cares them more than their selves. To achieve the goal, we have to identify the trend f customer needs. Like large office goods supplier---Staples. The company system maintains lists f previously ordered items. Over time, Staples learned a great deal about its customers' preferences and use that information to offer new items. We value our employees as they play an important role in company success, but only with the helps f those tools, our employees and managers can easily make the decision on buy from supplier and predicate the profits. Thus, the good management information system plays a more important role in the competition. One f the outcomes f information system is the strategies for competitive advantages. ... t to play in a competitive strategy, cutting the labor and administration cost during business operation, the business can sell goods or provide services at a price that is lower than the competitors. Surveys and feedback sessions will be conducted from detailed transaction records and various data to access the ongoing project. Expanding business network is in fact an expansion f an organization. Franchising is a generic term that describes a way f doing business. In essence a model f business structure that relies on a relationship in which an owner (franchisor) f a business has licensed others (franchisees) to use a business system and trade name to market and sell products/services. Thus it is a marketing concept f delivering products and services that can be applied across a diverse range f businesses. The International Franchising Association has developed 75 different categories describing the businesses f its members. Who is involved Franchising involves two parties: Franchisor - The franchisor is the initial owner f a business system which has been developed and proven to be a successful method f operating a particular business. As owner, the franchisor has the legal capacity to provide licenses to others (franchisees). Typically the owner seeks to expand the business through a relationship with others who have similar objectives. Franchisee - The franchisee is the party that has entered into an agreement with the franchisor to use the trade mark / business name and business system in a defined outlet or territory. How does it work Essentially the franchisee has agreed to be part f the franchisor's operation. In return for fees, the franchisee secures these rights for a set period f time and can expect from the franchisor: Training in business practices -

Summary on Asian Security Class Article Example | Topics and Well Written Essays - 250 words

Summary on Asian Security Class - Article Example However, this was not to remain so as it was being adversely affected by the 1969 tearing of the Berlin wall and the collapse of the USSR; that is, the Soviet Union. This meant that it was no longer receiving the support of both the USSR and China as it used to. Also, its boycott on the 1988 Seoul Olympics became a set back as it boosted South Korea by bringing it to limelight. Thus, North Korea’s previous supporters such as Russia and china started giving more attention to South Korea and opened up diplomatic relations with it. In addition, its economical downfall was accelerated by its adamancy in letting go of its juche (self-reliance) economic system Chalmers 120). In an attempt to stabilize its economy, the North Korea government in the early 1990s decided to build up relations with its neighboring nations like Japan. This is evidenced by the 1990 Pyongyang visit of the then Japanese vice president Kanemeru. However, his visit was never acknowledged by the Japanese government (Chalmers 121). One of the major crisis that faced North Korea was the shortage of fuel oil since china its leading supplier had increased its oil prices. Hence, North Korea resorted to establishing nuclear facilities on the basis that it needed them to generate the much needed electricity to curb its fuel shortages. The Unites States of America has had severe ties with North Korea. In fact, the U.S. refers it as a rogue state whereas its late leader Kim Jong-il was referred to as a mad prince. However, unlike in the case of communist Cuba where the U.S. employed severe boycott and embargo on the Cuban government, it still opened up to North Korea. This interest in North Korea is ascribed to the fact that North Korea posses as a threat because it has a nuclear weapon program. Owing to this, the U.S. has continually monitored North Korean’s actions and has even deployed land forces from East Asia in the Korean