give feedback on business discussion 4

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Each post (4) must be at least 100 words in length. All posts need to add significant value to the discussion.

1st students post

In my opinion, I think the previous founder will call Major Capital to discuss his previous employer concerns knowing there is nothing he really can do about the changes. This possibly could affect his position after the conversation. If I was Parks when he calls I would inform him of all of the decision Major Capital considering changes. I would also discuss with him the plans to make one of Yikes employee general manager. Also, inform him of Yikes employee huge role in deciding who Major Capital should retain as a member of the organization and who we should let go.

It also depends on Park’s and Major Capital terms of an agreement in their sales contract if he has any legal recourse. I am sure they followed the legal and written guideline before making these changes.

Of course, Major Capital behavior would be unethical if they lied to him about the business and or the operation decision. We all have seen or experience this type of behavior before. I have worked in many organizations whose behavior is identical to Major Capital. As soon as the previous manager departs here comes the changes and there is nothing we can do about but leave the company.

2nd students post

Job security is having marketable skill that makes you desirable and valuable to a company that they need to keep you. Our book, Using MIS, points out job security is a “a marketable skill and the courage to use it” and “particular skills, such as computer programming, tax accounting, or marketing” (Kroenke & Boyle p.9-10, 2017). However, in the world of MIS it is not as simple of having particular skills that make you stand out from the crowd. Due to what technology gurus, Gordon Moore, Robert Metcalfe, and Mark Kryder noticed during their times at the respected companies “the cost of data processing, storage, and communications is essentially zero. Any routine skill can and will be outsourced to the lowest bidder” (Kroenke & Boyle p.10, 2017).

Therefore, a person cannot alone have routine skills in order to maintain job security. Jobs that require routine skills in order to work for a company are steadily declining. These jobs are jobs that require the same task to be completed over and over therefore, these jobs can be made to be automated. A person must possess nonroutine skills in order to be marketable and valuable to a company. Nonroutine skills are skills that are not repetitive and that need people that can accumulate to their surroundings. There are four nonroutine skills that are: abstract reasoning, systems thinking, collaboration, and ability to experiment. “Abstract reasoning is the ability to make and manipulate models” (Kroenke & Boyle p.10, 2017). Systems thinking is the ability to associate “the system to connect the inputs and outputs among those components into a sensible whole that reflects the structure and dynamics of the phenomenon observed” (Kroenke & Boyle p.10, 2017). Collaboration is when more than one person can work together for a common interest. The ability to experiment is the ability to go out of your comfort zone and coming with solutions that you would not normally come up with while keeping within the resources that are available to you.

These nonroutine skills will create job security for a person. Nonroutine skills makes a person more valuable because, they are able to set themselves apart from a crowd. Additionally, nonroutine skills makes a person capable of being able to deal with continually changes in the workplace while, being able to manage them in an efficient and effective manner.

Resource:

Kroenke, D. M., & Boyle, R. J. (2017). USING MIS (10thed.). New York, NY: Pearson.

3rd students post: FOR THE 3RD AND 4TH POST THE QUESTION BEING ASKED IS-Discuss the reasons why small businesses fail and how small business owners can avoid the major pitfalls of running a business.


There are many reasons why small businesses fail. In this discussion I will speak to two that I am intimately aware of in my own entrepreneurial season. I began my career as a retail manager for Publix Supermarkets in North Florida. This was soon after my training as an officer in the US Army, so leading and motivating people in business was a strong suit for me. The business I soon set my sights on owning was a nutritional supplement retail store which my family had owned and I had training in. So subject matter expertise was not at issue for me either.

Start up capital, however, was one of the things that I grossly misunderstood when I started my business. I had a working knowledge of profit and loss statements and understood well the important rolls of inventory management, marketing, customer service and the power of brand development. I did not fully understand how under capitalized I was until the remnants of three hurricanes ended up in North Central Florida. People are not buying vitamin C when they are trying to replace their roofs – a great lesson in disaster preparedness. Also, there are great businesses out there to buy, but owned by people that you should not be doing business with for various reasons. So in my case, the business was owner-financed and those people that I should not have been doing business with? They did exactly what those people do – let’s just say it did not end well. But I learned some priceless lessons about people, money, business and how slightly weighting differing factors of each can spell disaster for your business

References

Scarborough, N. M. (2015). Entrepreneurship and Effective Small Business Management, 11th Edition. [BryteWave]. Retrieved from https://shelf.brytewave.com/#/books/9780133543049/

4th student post


According to statistics published in 2017 by the Small Business Administration (SBA), about one-fifth of business startups fail in the first year and about half of all employer establishments fail within five years. There are a number of reasons small business fail. Some new business owners fail to create agile business systems. Poor planning is the sum of many failures and proper planning along with research should be most important to new business owners.

Using a system to define and regulate the overall workflow of a business is vital to the businesses success and profitability. A system should break down development through completion tasks in a step-by-step process with checkpoints to ensure consistency and quality of employees and ownership. Failure to develop a business system can result in wasted time and effort for investors, owners, and employees. This business system should be frequently evaluated to find weaknesses and increase profitability.

7 Reasons Small Businesses Fail and How To Avoid Failure. (n.d.). Retrieved from https://www.businessknowhow.com/startup/business-failure.htm

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