Importance of a comprehensive business plan Essay

Importance of a comprehensive business plan - Essay Example A comprehensive business plan for a medium sized restaurant can be sub-divided into three parts: business concept, the marketplace and financial position. These three components are split down into more than half-dozen components that encompass the overview of the business plan, a detailed account of the business dealing in food, market strategies guiding the food industry, analysing the position of market rivals, design and development, details about operations and management, and the financial standing of business (Letovsky, & Banschbach, 2011). Unlike small business plans with fewer pages, comprehensive business plans offer the business executives with a detailed outline on how to approach various challenges and capitalize on the strengths and opportunities for the successful running of the business. Business plans serve the important roles of providing a guideline for running the business, especially for start-up ventures in the highly competitive and delicate market environment - the food industry. Business plans enable many small and medium enterprises to cultivate trust with not only credit facilities that may offer financial assistance, but investors who may see it wise to channel a given amount of money to the business. Business plans can also enable a business owner running a medium-sized restaurant to know the position of his or her company in the market (D'Angelo, 2007). Owing to the comprehensive nature of details to be incorporated, a business plan for a medium-sized restaurant can present several challenges as the work of developing one can be daunting and could consume more resources from the amount set aside for starting the business. Components of a comprehensive Business Plan A comprehensive business plan for a medium-sized restaurant has several sections. These sections are clearly detailed to allow business to allow the business owner(s) and managers to have at their finger-tips, what the business entails and what needs to be done at partic ular moments in the life of the business. These include: (a) Executive Summary The executive summary provides a one-glance assessment of what the business plan contains. This section is important because it enables key stakeholders to understand the position of the business, and the assets which are available at the business executives’ disposal for easy deployment when the need arises. (b) Company overview The company report section outlines important details about the business, such as location, size, what the business specializes on and what the goals of the business (Gjerde, & Harlow, 2010). The company overview allows for an easy connection with various stakeholders such as customers, and suppliers for successful business operations. The company overview may also outline the locations of the market rivals, who in this case can be other medium-sized restaurants. This essentially allows for the deployment of the right strategies for competition in order to have an edge ove r the market rivals. (c) Products or Services The part of the business plan which outlines the products or services, ought to offer a clear description of the kind of products and or services the business sells with more focus being based on the value for money. This section cultivates a cordial relationship with clients, thus wins over their loyalty. (d) Market Analysis This section of the business plan should offer a comprehensive description of the

Discuss a state that has been in flux between a democracy and another Article

Discuss a state that has been in flux between a democracy and another form of government over the past 20-25 years - Article Example his paper aims to discuss the influx in India’s form of government from a unitary government ruled by a single party into what is now a democratic state. Further, this seeks to discuss the key characteristics, issues, legitimacy, social and political factors, as well as the wave of democracy that has affected India’s present government system. Democracy suggests a rule by the people. India is among those developing nations that have fostered a democratic multi-party system since it gained its independence where it adopted a parliamentary government with the President acting as the Constitutional head and the Prime Minister as the real head of the executive (Sharma, 2011, p. 146). Moreover, national unity, social revolution and stability are strongly enshrined in the Indian Constitution, which promotes the goal of a parliamentary democracy, fundamental rights and principles. Since India is notably the largest democracy, its Constitution also features the administrative procedures for Judiciary operation, selection of the members of Legislature, division between the Union and States, tax imposition, public services, electoral systems, and other salient characteristics for its democratic governance (Abbas, Kumar, & Alam, 2011, p. 98). As such, it is through its liberal democratic government that the Indian society can facili tate the recognition and exercise of human rights including the right of suffrage and be elected, or realize politically democratic values that are characterized by equality and absence of gender and social discrimination. Among the issues that have pushed India into a democracy include those affecting the civil society, the pressures of seeking autonomy, as well as with globalization that has largely influenced the political ideologies and policies of the state (Shively, 2014). As an opinion, however, other issues that may have propelled India to become a democratic state involve economic, social, and religious challenges that have created

Electronic Communication in the Service and HRM Sectors Research Paper

Electronic Communication in the Service and HRM Sectors - Research Paper Example It is claimed further on that HRM is focused on an individual and the positive effects of electronic communication improve organization’s performance. Nevertheless, both face-to-face communication and electronic communication depend on trust, reliability and openness.  Introduction Electronic communication has rushed into the business world. A new era of communication has borne its fruits. Currently, any organization introduces different forms of electronic communication to foster business success. Therefore, e-mails and IMs, social networks and online conferences discussed further are positioned as modern solutions for business challenges. E-communication is a helpful and effective tool enabling people to share their ideas and thoughts instantaneously. E-mail in business is an effective tool of sharing one’s ideas, receiving instantaneous messages, and fostering business: â€Å"Organizations can use electronic  mail for product development, training, giving, and re ceiving work assignments, testing, personnel administration, problem solving, posting notices, marketing, and sending personal communication. Many organizations believe e-mail gives them a competitive advantage, because it is fast, inexpensive, readily available, and not dependent on receiver availability† (Nantz & Drexel 1995, p. 45). This type of electronic communications is especially important for human resource managers, which use it for new employees’ searching or communicating with the employees of the organization. Business letters are delivered quickly and the sustainability of information sent in these messages is relevant to current issues of any business field. A special role electronic communication plays for HRM. E-mail communication can play both a positive and a negative role for a sender. Thus, an individual shoula be careful what and how you e-mail. In any case, whatever he/she writes or sends by means of the Internet can be shown to other people, cr iticized, or misinterpreted. Cyberspace is cruel, and the material sent should be properly considered and grammatically and ethically correct. No vague, intricate, or intimidating messages should occur on the web (Hartman, Lewis & Powell, 2002). Otherwise, a business email turns into a messy and a casual note. Thus, one should set clear goals and proofread messages, because e-mails are means of effective business communication. HRM managers should be focused on appropriate usage by the employees of electronic communication both at work and at home. Very often, an employee can post intimidating messages about his employer and this type of behavior should be appropriately controlled by human resource managers. Challenges and Opportunities of Online Communication in HRM The modern business world is full of opportunities. Both technological innovations and Internet development foster online communication. Modern organizations implement different forms of online communication in their daily practices and try to solve the problems of communication barriers among employers and employees. There is a need to communicate online in compliance with etiquette norms. Business messages should be grammatically correct, concise and relevant (Flynn, 2004). Vague or long letters should be deleted and rewritten, because it distracts attention of the receiver. IMs are used to receive more instantaneous answers, while

Preventing Re-Hospitalization - Research Paper

Preventing Re-Hospitalization - - Research Paper Example The only solution is improving chronic disease management which yields savings on a predictable basis. Though there has been much advancement in the curing of chronic diseases and in this case heart failure (HF), it still remains the core cause of hospitalizations in many nations and is linked with high mortality and morbidity, high medical care costs, and particularly in impaired quality of life. The different new approaches to heart failure care that have been investigated in clinical trials have raised the complexity of the treatment (Stromberg, 2002). The latest meta analyses indicates that, in addition to optimal pharmacological treatment or curing, the care of heart failure patients by a multidisciplinary team lowers rehospitalization and mortality rates and improves the quality of life of patients.(Van der Wal & Van Veldhuisen, 2005). A North-American survey of an intervention that involved telephoned contact and home visits by an HF specialized nurse after hospital discharge revealed that the intervention effectively reduced mortality and morbidity rates (The Lewin Group, 2008). During all visits, care givers of the patients were invited to listen to the instructions. After being discharged, patients were randomized to receive, systematic telephone contact for a three month investigational time or to receive the common care that comprised of the follow-up of the patient at the return appointment at the outpatient clinic without any telephone contact (GESICA, 2005). A single telephone contact per week was done in the first month, accompanied by one every 15 days in the second month and a single every 15 days in third month summing up to eight calls per patient. Telephone calls had to begin seven days after the release from the hospital, aiming and reinforcing and emphasizing instructions that were received during hospitalization and monitoring symptoms and signs of de-compensation and investigating probable visits to rehospitilizations and the emergency unit. Studied Outcomes The scores for the levels of heart failure knowledge and awareness of self-care were considered as primary results. The frequency of visits to the emergency care unit, deaths at the end of the three month duration and re-hospitalizations were considered as secondary results (Whellan, & Hasselblad, 2005). Study Limitations Some of the study limitations were: some of the patients could not be located at the start of the intervention and after the three month duration due to blocked telephone numbers or wrong telephone numbers. Another limitation of the study was the patient's economic and social statuses and cultural norms. On the other hand, the three-month duration of the study was perhaps too short for the patients to change the health behaviors and habits to the extent that could lower the rate of visits to the emergency care unit, death and re-hospitalizations (Folz, Friedenzohn , DeFrancesco et al., 2003). Performance Measures related to Discharge Educatio n to Patients with Heart Failure Performance measures are used to determine whether a firm or an organization is meeting its patient focused goals and

Learning through work ( part of managing people practice ) Assignment

Learning through work ( part of managing people practice ) - Assignment Example Besides that, during my placement at Chisou Nights Bridge I also worked at the bar when the bartender was off; the restaurant was short of bar staff. I was able to observe and perform various things that were happening at the restaurant giving me practical experience. Chisou Nights Bridge offers authentic Japanese cuisine. Some of the foods served at the restaurant include Ankimo Ponzu, avocado and sashimi salad, seafood marinated in traditional Japanese vinaigrette, chicken teriyaki, beef teriyaki, blue fin fatty tuna, age gyoza, ebi tempura, egg custard, spicy miso and topped with a raw quails, flying fish roe, butter fish, braised eel, blue fin fattest tuna, and cold fresh tofu served with ginger, among others (Chisou, 2015). Eraut (2006, p.54) affirms that work placements offer contexts that are different for learning than those provided within colleges and universities. People learn in various ways. At the workplaces learning is informal and occurs as a by-product of engaging in work processes as well as activities. Proceeding further, Eraut et al. (2010, p.45) assert that work experience assists you to clarify  the type of work that best suits you, provide you with new knowledge and skills, boost your resume, enhance your confidence, provide you with experience which you can refer to in a job interview, increase the number of people who can assist you secure a bob in the future, and may also lead to an employment offer at the end of the work experience placement. One fine afternoon while doing my duty as the head waitress, I headed to the kitchen so as to manage the food orders since lunch time was rush hour. Four gentlemen and one lady all of Japanese origin entered the hotel and ordered their foods. Since it was lunch time, I figured out that all of them would order for sushi. One of them ordered for boiled spinach rolls that were seasoned with light soy sauce sprinkled with bonito flakes. The other two gentlemen

Improving Web Security Essay Example | Topics and Well Written Essays - 750 words

Improving Web Security - Essay Example The security of passwords was not of as much worth decades ago as it is today and this is not the sole responsibility of the institutions/bodies that offer email or banking services etc. One must consider taking multiple measures in order to increase the strength of passwords and tighten the security. It is necessary to have the understanding of how the passwords are compromised despite high security algorithms deployed by respective institutions. The easiest way of tracing the passwords of people is to introduce agent software i.e. a spyware into their computer systems to monitor, record and transmit the details of each and every activity people perform including password entries at different sites. This happens through emails, chats and downloading form unauthentic websites like pornographic sites etc. A good internet security firewall installation can handle this situation quite effectively but the possibilities of breaches remain. One of the indications is that the computer syste m takes unusual time in processing usual transactions because of the added work that spywares perform. The other reasons of password compromise include the careless selection of passwords and their redundant usage at different forums to save the hassle of memorization. Sometimes it happens that the communication between the user and the respective body like bank is intercepted by introduction of a lookalike page instead. The users most of the times remain unable to figure out the differences in haste and deliver the actual information to the false page. Redundant passwords cause more damage as the leakage of just one, opens multiple personal horizons of a person’s life before the hackers and cyber criminals. IMPROVING CONTRIBUTIONS OF PASSWORD PROTECTION FOR INFORMAITON SECURITY The baseline of information security lies in the basic structure of the information system itself. The following steps, if taken for the better management of the system would be massive contributions to the improvement of password protection for information security. Information security is an iterative process. It is essential that this process must first be controlled; it should then be planned, implemented, evaluated and maintained. CONDUCTION OF RISK ANALYSIS The use of risk analysis identifies the security requirements of the IT Customers. IMPROVING MINIMUM SECIRUTY BASELINE The feasibility of the requirements assessed in the risk analysis should be compared with the current security assessment and implementation structure of the organization. CONSTRUCTION OF SLA. SLA or Service level agreement between the customers dealing with an organization and the IT management of the company is required to be made. This agreement defines the measurable terms of the information security requirements. It also contains details of the specification of this achievement. OLAs Operational Level Agreements provide the detailed instructions of the implementation of the information security Req uirements. These instructions are negotiated and defined. SLA AND OLA IMPLEMENTATION The successful implementation of the SLA and OLA are done. The regular outcomes of the implementation at every transaction done are monitored. Repots about their outcomes are shared with the customer. The feedback from the customers leads to modification of the implemented information secur

Importance of Measuring and Managing Performance Essay Example for Free

Importance of Measuring and Managing Performance Essay It is very important to measure and manage employee performance at Leyton Sixth Form College. The consequences if they don’t manage performance is that teachers won’t know whether they are progressing or not. Whether they’re way of teaching is effective or not. It is important for new employees to assess their performance so that management can make judgements on measuring performance will enable teachers to know where they stand and have a clear view on what skills they need to improve on. Motivation is important in LSC because it gets the employee to work as hard as possible. t helps push employees to achieve targets set. By identifying areas where an employee may be losing his colleagues, a personal development plan can be put in place. Similarly, if a negative trend is seen among a number of employees, company controls and procedures can be evaluated to address these problems at a general level. Measuring and managing performance helps LSC look at employee progress to see whether they are achieving all their targets. Also the importance of managing performance is to give good motivation for employees to work hard since they are being evaluated. LSC do an employee evaluation that gives teachers constructive criticism and an idea on what they need to work on and what they doing a good job on. Measuring performance benefit LSC as they reveal the good and bad aspects of a given job. They improve the relationships and moral within the organisation. Another important matter is that measuring and managing performance helps improve the performance of individuals to ultimately improve the efficiency and productivity of the company. Which in LSC case is the staff by doing performance developments and appraisals can help employees reach their full potentials.