Assignment Instructions: This assignment is the second of tw
Assignment Instructions: This assignment is the second of two assignments.
In this paper, you will analyze and discuss small business growth in terms of growth strategy, business forms, short and medium term goals, financing assistance, organizational structure and staffing needs, customers and promotion, and ethics and social responsibility. You will apply business and management concepts learned throughout the course to the case scenario provided.
Step 1: Preparation for Writing the Assignment
Before you begin writing the paper, you will read the following requirements that will help you meet the writing and APA requirements. Not reading this information will lead to a lower grade: Review You will use the facts from the case scenario focusing on using this information to determine opportunities and solve problems. In writing this assignment, you will read and following these tasks:
Task 1: Third person writing is required. Third person means that there are no words such as I, me, my, we, or us (first person writing), nor is there use of you or your (second person writing).If uncertain how to write in the third person, view this link: http://www.quickanddirtytips.com/education/grammar/first-second-and-third-person .
Task 2: Contractions are not used in business writing, so DO NOT use contractions in writing this assignment.
Task 3: You are expected to paraphrase and are NOT to use direct quotes. You are expected to paraphrase, which can be learned by reviewing this link: https://writing.wisc.edu/Handbook/QPA_paraphrase2.html . Task 4: You are responsible for APA only for in-text citations and a reference list.
Task 5: You are expected to use the facts from the case scenario paired with the weekly courses readings to develop the analysis and support the reasoning. No more than two (2) external resources can be used in completing the assignment. The expectation is that you provide a robust use of the course readings. If any material is used from a source document, it must be cited and referenced. A reference within a reference list cannot exist without an associated in-text citation and vice versa. Note: Whenever material is used from any source document, it must be cited and referenced.
Step 2: How to Set Up the Paper Create a Word or Rich Text Format (RTF) document that is double-spaced, 12-point font. The final product will be between 7-8pages in length excluding the title page and reference page. You may not exceed eight (8) pages so it is important to write clearly and concisely. Follow this format. Consider making an outline to ensure the correct headings are in place and to keep you organize the paper. Title page with the title, your name, course number and name; date, and the instructors name; Introduction Body, in paragraph form. Use the following section headings: Growth Strategy (Note: a growth strategy is not a marketing strategy) Business Form Financing Assistance Organizational Structure and Staffing Needs Customers and Promotion Ethical Issues and Social Responsibility Summary paragraph
Step 3: Read the Case Scenario provided
Step 4: Write the Introduction Create the introductory paragraph. The introductory paragraph is the first paragraph of the paper and tells a reader the main points covered in the paper. To help you know how to write an introduction, view this website to learn how to write an introductory paragraph: http://www.writing.ucsb.edu/faculty/donelan/intro.html
Step 5: Growth Strategy Phoebe has to have a plan to grow her business. Read the course readings on Entrepreneurship as well as other chapters in the eBook. Then: Discussthe stepsPhoebeshould take to organize and prioritize herbusiness growth strategy. NOTE: a growth strategy is different than a marketing strategy so do not go to the Internet and pull up articles that discuss market expansion, market penetration, product expansion and diversification as this information is not what Step 5 is referencing. Step 6: Business Form Phoebe currentlyoperatesusinga sole proprietorship business form. Phoebe enjoys all facets of owning a business. Now expanding by owning a restaurant, Phoebe will reconsider the current business form and determine the best business form for expanding the business. All business forms have advantages and disadvantages so create a table with threecolumns. Label the first column, “Business Form.” Label the second column, Advantages and thethirdcolumn, Disadvantages. Review the material on business forms and complete the table making sure to cover all business forms and capturing the advantages and disadvantages of each business form. Once you have identified several advantages and disadvantages, then youare todiscuss the advantages and disadvantages andidentifythe business form that best fits Phoebes expansion plan. Explain why the business form selected best fits Phoebes expansion plan. The 3 business forms are sole proprietorship, corporation and limited liability corporation Step 7: Financing Assistance Phoebe has to ensure she has the resources to handle the expected growth. For Phoebe to have the resources needed to manage the expected growth, she must have financing in place. Discuss whatkind of financing assistance might be available to Phoebe. Select the best financing option for Phoebe’s business and explain why the financing assistance was chosen.
Step 8: Staffing Needs/Organizational Structure Phoebe knows that the expansion will require changes to the staffing. Think about the business and what Phoebe needs in terms of human capital and how she can best organize the business so that she organize every employee and create a chain of command. How might Phoebes staffing needs change? Discuss the best way for Phoebe to organize, orient, and train her restaurant staff. What organizational structure would work best for Phoebes expanded business? [e.g., vertical hierarchy, functional, teams, flat (horizontal), matrix] to meet the needs of her new business;
Step 9: Customers/Promoting the Business Two of Phoebes main concerns have to do with her current customers, and how she can promote the business with limited funds. Make sure to read the chapters in the eBook and explain: How should Phoebe deal with her current customers about the change? What kind of promotion should she consider in attracting customers to her new location? Be thorough with the responses.
Step 10: Ethics and Social Responsibility With having only a few employees, Phoebe has never put a lot of thought about how she can ensure her business is run ethically. At the same time, Phoebe has not put much thought into being socially responsible although she believes strongly in supporting the community and does so by purchasing products locally. What are the ethical issues and potential social responsibilities highlighted by this change in business? (Consider customers, employees, the current and new communities, and other stakeholders.) How might these issues be dealt with most appropriately? Step 11: Write the summary paragraph Write the summary paragraph. A summary paragraph restates the main topics of the paper.Make sure to leave a reader with a sense that the paperis complete.The summary paragraph is the last paragraph of a paper and does not need a heading. Step 12: Review the Paper Read the paper to ensure all required elements are present. Use the grading rubric to ensure that you gain the most points possible for this assignment. Proofread the paper for spelling and grammatical issues, and third person writing.