Mgt 401 Week 2 - 1447 Words

Good title page! Business Model Comparison Team A – Kristen Taylor, Velma Mobley, Aaron Ford, Courtney Uchiyama July 8, 2013 MGT/401 Tricia Rosengarten Business Model Comparison Most small businesses require some outside funding. Not many entrepreneurs have enough personal capital to open and maintain funding for a business. To attract investors and attain partnerships, a business owner should consider a business model necessary. This paper will compare two restaurant businesses, identify the business model and forms of ownership for each business by completing a Comparison of Business matrix, describe benefits by building a sustainable competitive advantage, and giving advantages and disadvantages of each business†¦show more content†¦Benefits To Building A Competitive Advantage When evaluating the benefits of each business, it is important to consider the size of each business. As an example, both sole proprietorships and partnerships are relatively small in size and may perhaps provide more personalized service to each of their clients. In many businesses, customers appreciate personalized service and may in turn hire small businesses for that service. On the other hand, a larger business, like McDonald’s, typically is composed of more resources and may offer the prospective customer a lower price. Another competitive advantage of a smaller business, like Datillo’s, is the ability to provide customers with a higher level of quality. Because customers of small businesses deal more closely with a ‘tight nit’ group of employees, the quality and service provided to the customer is much greater than a larger corporation composed of numerous locations. Both small and large businesses each have distinct advantages that enable them each to thrive. Although some customers may appreciate the more personalized service of small businesses, others may prefer a lower price and a larger name brand. Make sure paragraphs are a minimum of 3 sentences! Advantages and Disadvantages of Business Ownership McDonald is known for the quality the restaurant serves, and the opportunities the McDonald restaurant offer. McDonalds has beenShow MoreRelatedStarbucks HR Practices2680 Words   |  11 Pages Starbucks HR Practices Vinecia Kakou MGT 555 V Global Human Resources Management July 14, 2014 Introduction Starbucks is a globally recognized coffee and beverage brand that has rapidly made strides into all major markets worldwide. The company has an advantage over its main competitors considering the outstanding teams of employees they have in their corporate offices and in their retail stores. Starbucks is so well known throughout the western hemisphere that it has become a householdRead MoreJob Shadowing a Dentist3438 Words   |  14 Pagesbecome potentially serious. Dentists put in a lot of hard work to do the things that they do. They also go to school for a substantial amount of time to relieve people’s pain. In return, though, they get paid a lot and only have to work 4-6 days per week! Dentists are health professionals who take care of the teeth, gums, and supporting bones of the mouth (Dentist Para 1). The main goal for these professionals is to educate their patients about mouth diseases and teach them the things they need toRead MoreClothes R Us18545 Words   |  75 Pagesimproving store performance. Specifically, Clothes ‘R’ Us wished to fulfill the following performance goals: †¢ †¢ Free up the store manager to work the store instead of the store office Automate cash management to include credit/debit at the store level 2 KEL304 CLOTHES ‘R’ US †¢ †¢ Provide always-on-network connectivity, allowing real-time push/pull polling of store sales and inventory data, ordering, employee time reporting, and payroll processing Allow cross-store inventory checking andRead MoreReport on Employee Absenteeism10010 Words   |  41 Pagesnature. Human resource is an important part of any business and managing them is an important task. Summer training is an integral part of the PGDM and student of Management have to undergo training session in a business organization for 6 weeks to gain practical knowledge in their specialization and to gain some working experience. Our institution has come forward with the opportunity to bridge the gap by imparting modern scientific management principle underlying the concept of the futureRead MoreIntroduction to Materials Management169665 Words   |  679 PagesSingapore Pte. Ltd. Pearson Education Canada, Ltd. Pearson Education—Japan Pearson Education Australia Pty. Limited Pearson Education North Asia Ltd. Pearson Educacià ³n de Mexico, S.A. de C.V. Pearson Education Malaysia Pte. Ltd. 10 9 8 7 6 5 4 3 2 1 ISBN-13: 978-0-13-233761-8 ISBN-10: 0-13-233761-4 From the Library of Girro@qq.com PREFACE Introduction to Materials Management is an introductory text written for students in community colleges and universities. It is used in technical programsRead MoreOverview of Hrm93778 Words   |  376 PagesHuman Resource Management (MGT501) VU MGT - 501 T his subject/course is designed to teach the basic principles of Human Resource Management (HRM) to diverse audience/students, including those who are studying this as a supporting subject for their bachelor degree program. This course is designed to provide you the foundations of HRM whether you intend to work in HRM or not, most of these elements will affect you at some point in your career. Either you will be working with some organizations