Management Concepts

Quick Start Business

A quick start business is one that you can implement and put into action right now. Do you want to start a business now that is going to start putting money into your account? You can find links, information and directories on this site that will lead you to the answers you have been searching for about a quick start business.

In starting any business, you should form a business plan. A business plan is going to help you set goals. Set goals for your business that you can turn back to, that you can reflect about when you need to take action to expand and create additional sales for your business during the growing stages of business.… Read the rest

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What is a Business Plan?

“If you don’t have the road map, you really are putting yourself at a serious disadvantage.”–   James A. Lowery

Business planning tends to get treated as an academic exercise by many writers and consultants. They talk about such things as ”the planning process,” ”deriving a strategy,’’ ‘‘the organizational hierarchy,” and ”modeling approaches.” However, planning should not be viewed as an academic exercise. Entrepreneurs can enhance their chance of success by taking time to write a business plan. The process of thinking about your business venture and then articulating it on paper will assist you in thinking through how you are going to accomplish your goal.… Read the rest

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Creating a Business Plan – Writing a Business Plan – Components of a Business Plan

Elements/Components of a Business Plan

There are no substitutes for a well-prepared business plan, and there are no short cuts to creating one. Each business plan is unique and must be tailor made because each business is unique. So the plans are not cast in stone: Entrepreneurs may want to make alterations to suit the specifics of their business. The elements of a business plan may be standard, but how entrepreneurs tell their story should be unique and reflect their personal excitement about the new venture. Although building a business plan doesn’t guarantee success, it does raise an entrepreneur’s chance of succeeding in business.… Read the rest

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The Need for Entrepreneurship

Entrepreneurship is the act of being an  entrepreneur, which is a French word meaning “one who undertakes an endeavor”. Entrepreneurs assemble resources including innovations, finance and business acumen in an effort to transform innovations into economic goods. The most obvious form of entrepreneurship is that of starting new  businesses; however, in recent years, the term has been extended to include social and political forms of entrepreneurial activity.

The concept of entrepreneurship has a wide range of meanings. On the one extreme an entrepreneur is a person of very high aptitude who pioneers change, possessing characteristics found in only a very small fraction of the population.… Read the rest

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Ways to Overcome Resistance to Organizational Change

Change triggers emotional reaction because of the uncertainty involved, and most Organisational change efforts run into some form of employee resistance. Resistance to change can be overcome by education and communication, participation and involvement, facilitation and support, negotiation and rewards, and coercion and manipulation.

Kotter and Schlesinger set out the following six change approaches to deal with this resistance to change:

  1. Education and Communication — Where there is a lack of information or inaccurate information and analysis. One of the best ways to overcome resistance to change is to educate people about the change effort beforehand. Up-front communication and education helps employees see the logic in the change effort.
… Read the rest
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Causes of Resistance to Organizational Change

The main reasons for resistance to change are both individual and organization. The research document of individual and organizational behavior has found that organization groups and individuals resist change. Resistance to change provides a degree of stability and predictability to behavior, as it does not allow immediate change. If there was no resistance to change the organization will take on characteristics of chaotic randomness.

Read: Reactions to Organization Change

There may be reasons for resistance to change for analytical purpose, lets us categories the causes into the following.

  1. Individual Resistance.
  2. Group Resistance.
  3. Organizational Resistance.

1. Individual Resistance

Individual arise due to differing perceptions, personalities and needs.… Read the rest

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