Matrix

No crafting….

Two important factors are (1) market demand; and (2) personal interest (for small business owners). If either are out of line, then the business will not succeed.

Align both, and you’re golden…

The best person to get advice on assignments from is your teacher.

Many answers posted here are nonsense made to sound good

Porter’s ideas of cost leadership, differentiation and focus as distinct and separate generic strategies. Why does he argue that a firm which is stuck in the middle will be a below average performer?

Appreciate anyone who can advice.

Thanks

Any entity stuck in the middle, note stuck meaning reached a plateau, is on its way down. Natural forces of change state there are always people gunning for the top, but no one wants to be at the bottom. If you plateau and the best position you get to is the middle, then as others continue to strive for more, you will find yourself falling behind even those you have lead.

For a student

If you go online to www.sba.gov it gives you a wealth of information on everything you need to know about new business startup, marketing, etc etc and there is also ‘local sources’ which are a group of retired business people in your area that are willing to advise and help you. They also have a small business chat room.

I found the ’search’ their site option to help somewhat. As far as the ‘info’ you need though to start a business or plan a strategy I think you will find all the answers there and they are free.

In my opinion n e-business strategy outlines what the company plans to do at each turn of the business plan. What if such and such happens? what if so and so leaves? I believe it’s somewhere between the planning stage and the execution stage. e-business uses technology you might want to check out systems development life cycle. I’m sure e-business uses one. My company does have one. We are clustered.

How many components make up a business strategy, what are the components, and do these need to be in some type of order, and how long is a business strategy plan?

I am having a tough time visualizing the end product.. any ideas???

if you are starting a business you should be ready to struggle like hell for the first 2-3 yrs until your business gets recognition.
components are:
1.support (financial)
2.place (land prices are going sky high)
3.staff (trustworthy)
4.contacts.
5.proper idea about what its gonna be.
6.Immense Capital
7.Neat Plan
there are a lot more…but these are the basics.

thanks 4 asking…hope this helps

There are Seven of different types of benchmarking, as summarised below:

Strategic Benchmarking
Performance or Competitive Benchmarking
Process Benchmarking
Functional Benchmarking
Internal Benchmarking
External Benchmarking
International Benchmarking

Financial Resources

Financial resources concern the ability of the business to "finance" its chosen strategy. For example, a strategy that requires significant investment in new products, distribution channels, production capacity and working capital will place great strain on the business finances. Such a strategy needs to be very carefully managed from a finance point-of-view. An audit of financial resources would include assessment of the following factors:

1. Existing finance funds
- Cash balances
– Bank overdraft
– Bank and other loans
– Shareholders’ capital
– Working capital (e.g. stocks, debtors) already invested in the business
– Creditors (suppliers, government)

2. Ability to raise new funds
- Strength and reputation of the management team and the overall business
– Strength of relationships with existing investors and lenders
– Attractiveness of the market in which the business operates (i.e. is it a market that is attracting investment generally?)
– Listing on a quoted Stock Exchange? If not, is this a realistic possibility?

I purchased dailyham.com and hamdaily.com a few months ago with the goal of starting a blog or business that would make money online. I purchased both in case someone got the two words crossed up. I believe the domain name is catchy and easy to remember. In all my brainstorming sessions I have not come up with any solid ideas for content. Any ideas you might have will be appreciated greatly.

Try selling ham for Xmas to the masses, or you could be a ham supplier to butcher shops, maybe try sell pig related novelty items t – shirts and stuff. Online live pig auction. try selling your domain name to a ham manufacturer

What if you were a real estate agent, and you targeted people who are trying to buy a property but are not using a real estate agent.
And they know which property they want to purchase. So what if you promise them with a contract that if they use you as their realtor for purchasing the property, that you will give them half your commission.

Is this possible and legal? Why is it impossible and/or difficult to do?
What if it just said in the contract that the agent will pay you a certain dollar amount if you use them as their realtor.

No legitimate real estate agent would ever do this. It is illegal and unethical to pay an unlicensed person any commission on a real estate transaction.