The Financial Strategies Of Women Owned Small Businesses

Premise: The Financial Strategies of Women-Owned Small Businesses in Florida Problem Statement The accessibility of businesses through social media and the web have made many entrepreneurs able to reach consumers throughout the world they would otherwise not be able to do business with. Women have often found themselves underperforming in the workforce and as traditional small business owners in comparison to similarly employed or self-employed men (Huarng et al., 2012). However, there has been little research investigating the extent to which these new social media, web, and digital marketing technologies and their strategies benefit women entrepreneurs of already profitable small businesses in comparison to men who employ similar strategies. A descriptive quantitative study is needed to investigate the use of social media, web, and digital marketing technologies in the businesses of successful women entrepreneurs in comparison to similarly successful men entrepreneurs by studying the effects of their digital strategy by concentrating on their digital ana lytical data on similar digital and social media platforms and measuring that data. This study plans to provide data that will help determine whether profitable small businesses are effected by gender on the Web 2.0 and help close the gender gap. Practice-Focused Question(s) †¢ Q1: Examining the analytical data of men and women entrepreneurs with similarly profitable businesses who use the same social media channelShow MoreRelatedThe Financial Strategies Of Women Owned Small Businesses1857 Words   |  8 PagesThe Financial Strategies of Women-Owned Small Businesses in Florida The accessibility of businesses through social media and the web have made it more accessible for many entrepreneurs to reach consumers worldwide and to conduct business with them. Women have often found themselves underperforming in the workforce and as traditional small businesses owners in comparison to similarly employed or self-employed men (Han et al., 2012). However, there has been little research investigating the extentRead MoreA Research Article On Women810 Words   |  4 PagesBackground Women have owned and managed businesses for centuries, but the first scholarly article focused on women-owned businesses (Gartner, 1985) did not appear in the literature until 1976 (Jennings Brush, 2013). Early scholars seem to have assumed that all business owners were essentially the same, and groups of small business owners did not require different research (Achtenhagen Welter, 2011). Over the past 10 years in the United States, the rate of new business formation by women has outpacedRead MoreWomen Are Achieving Great Success Essay1377 Words   |  6 PagesWomen are achieving great success in the business world, realizing their own entrepreneurial dreams by starting and succeeding in small business. It is an inescapable fact that most people need to work. You need some form of income in order to live a comfortable life and provide for yourself and your family. This is, of course, true for both men and women. However there are many women who, for various reasons, are unable to work a typical nine-to-five job, and have instead discovered alternativeRead MoreNeed Of The Study Of Women1492 Words   |  6 PagesNEED OF THE STUDY Women-owned enterprises contribute 3.09 percent of industrial output and employ over 8 million people. Approximately, 78 percent of women enterprises belong to the services sector. Women entrepreneurship is largely skewed towards smaller sized firms, as almost 98 percent of women-owned businesses are micro-enterprises. As with the broader MSME sector, access to formal finance is a key barrier to the growth of women-owned businesses, leading to over 90 percent of finance requirementsRead MoreBusiness Relationship Management : Dell Inc. Essay1564 Words   |  7 Pageswin the loyalty of their customers. Current customer base is so diverse, that one simple kind of strategy cannot work alone. However, a company that is able to show customer value and appreciation can leverage the potential of this diversity to ensure a successful customer business relationship. Dell Inc. is one such organization and Michael Dell is an innovative leader that provides value and strategy at managing diversi ty and multicultural settings. While Michael Dell continues to grow his companyRead MoreThe Diversity And Cultural Diversity Management1634 Words   |  7 Pagesthe management systems ? MasterCard firmly believes that the demographics of suppliers should reflect those of the customers. In 2001, MasterCard launched the Supplier Diversity Program in the United States so businesses owned by women, minorities and veterans, as well as small businesses, would have equal opportunity to participate MasterCard procurement process. In addition to making good business sense, this program offers several indisputable benefits: †¢ Developing an inclusive, competitive,Read MoreTo Build or Buy1696 Words   |  7 PagesManley Professor: Angela Harris Business 402- Small Business Management May 1, 2015 The small business that I chose to compete with is a beauty shop that I visit weekly. This beauty shop is located in the city of Dale City, VA. This Business is called Images Beauty Shop. Images Beauty Shop is surrounded by several different types of businesses such as schools, grocery, and a few other retail stores. Images Beauty Shop was owned by older women previously, but the owner moved to a differentRead MoreThe Bank Of America Has Tackled Major Issues Facing The1110 Words   |  5 PagesThe Bank of America has tackled major issues facing the banking industry by employing its simple customer-focused approach. The corporation’s strategic method to effectively identify and provide a range of financial products and services through direct and indirect customer feedback have been profitable. Nevertheless, the bank’s resource-based view has also impacted the basis of the cooperation’s competitive advantage. This resource-based view lies primarily with the ap plication of valuable tangibleRead MoreEssay on Assignment 1: to Build or Buy1694 Words   |  7 PagesBuild or Buy Student Professor: Business 402- Small Business Management February 1, 2014 The small business that I chose to compete with is a barber shop that I frequently visit. This barber shop is located in the small town of Charles Town, WV. This Business is called Sharp Cutz Barber Shop. Sharp Cutz is surrounded by several different types of businesses such as schools, grocery, and retail stores. Sharp Cutz was owned by a different barber previously, but the owner movedRead MoreBusiness Skills As Entrepreneurship Education1203 Words   |  5 PagesLiterature Review Various authors have explained business skills as entrepreneurship education to empower knowledge of the entrepreneurs. This entails business management skills, business planning, financial management, awareness of legal aspects and market searching. That being the case, the skills are useful and important in developing creative thinking, negotiations, leadership (business management), exposure to technical innovation and new product development. However, the skills help to identify

The Exploration Of British Petroleum - 1412 Words

British Petroleum has a large operation in the United States and it has made investments to ensure that it develops these operations to maximize its production and increase profits. One such investment was the acquisition of the vast oil field at Prudhoe Bay, Alaska. This acquisition represented a good increase in the percentage of oil production in the United States and ensured that the company could increase its production and further its goals and objectives for the United States market. As early as 2001 there were incidents at the facility that the company internally accounted for and management was made aware of the safety concerns that existed. The March 2006 oil leak represented a culmination of various factors that showed that a†¦show more content†¦The facility’s management should have ensured that proper maintenance was being conducted on all their equipment, especially the pipelines. If there was a company requirement for inspections, not conducting them re presents an unethical decision by management (Jennings, 2012). If the problem had been brought up by employees and management failed to make the right decision, it is still not ethical. These were glaring problems management refused to address. The further problem of BP’s overall management not enforcing company policy means that there is a culture of unethical decision making where economics gains far outweigh the adherence to safety regulations (BP’s Troubled Past, 2010). With BP renting the rig from Transocean for $500,000 per day, the company was sharing liability with Transocean as well. Transocean would be held liable according to the provisions of the contract that the two companies signed. Because the law of vicarious liability is very vague, BP cannot distance itself from liability and responsibility through the use of a contractor (Conn, 2009). The provisions of the contract should have stated exactly what BP would be responsible for, and what Transocean woul d be responsible for. That said, Conn (2009) pointed out several factors that come into play when sharing liability and addressed the problem with the following points: (a) Companies usually seek the help of experts to perform particular tasks. BP had contracted Transocean because the

Comparison of Three Sculptures free essay sample

Comparison of Three Sculptures Katelyn Sauerland Art 101 October 9, 2012 The major difference between the three David’s is obviously the periods in which they were carved. Michelangelo’s was during the Renaissance, Bernini’s is Baroque, and Donatello carved his David during the Gothic period. Michelangelo’s David is very large in size, over fourteen feet tall. This makes him seem to loom over his admirers, and makes him a rather imposing figure. It is more than obvious that this David is naked, has no flaws, and seems to be in perfect health.The perfect man, if you will. All of this is typical of the Renaissance period in which he was carved. Michelangelo’s David seems to be pondering something very important, perhaps the meaning of life? He is not in a hurry to do anything, and he is not rushing off to do anything. In fact, he hardly looks like the famed warrior who slayed a giant of a man. We will write a custom essay sample on Comparison of Three Sculptures or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Bernini’s David, on the other hand, looks as though he is right in the middle of the famed battle with Goliath. You can just imagine the rock in his hand as being the very one with which he brought down the giant.In Bernini’s statue, David has on some manner of clothing. It is not much more than a piece of cloth thrown over his private parts, but it still gives him some modesty, which is in keeping with the Baroque period. Gian Lorenzo Bernini created his statue of David using marble as the material. This statue is a life-size representation of David during his battle with Goliath. Donatello’s sculpture of David was created in the Early Renaissance. It is made of bronze and reaches 158 cm of height. This sculpture depicts a naked David, wearing only a hat and boots. He has an enigmatic smile on his face.David is carrying a sword and he has his foot on Goliath’s head after defeating him. This statue became controversial for being the first freestanding nude man and because it was considered to have political significance. Something that makes Donatello’s David stand apart is the fact that he actually made TWO statues of David. The first was in 1408, and is made of marble. This marble representation is rather boring and traditional, and shows none of the innovative style that Donatello later exhibit. The second David was done in bronze in the 1440’s, and is another nude – although this one is wearing a hat and boots.

Strategic Change Leadership in Management

Introduction Change leadership is a planned move toward transitioning persons, groups, and establishments from a present situation to a preferred future state, to accomplish or put into practice a vision and plan. Therefore, the capacity to initiate change is a significant aspect of the business arena and the aptitude to assist the organization adjust to change is a serious business problem. Advertising We will write a custom essay sample on Strategic Change Leadership in Management specifically for you for only $16.05 $11/page Learn More Change leadership involves facilitating the attainment of proposed, actual transformation that satisfies the vision of an organization. It involves mutual development and implementation of plans to attain constructive change in an organization. The change manager learns new ideas from other administrators, develops the vision, and motivates the employees to remain focused on achieving the proposed plan. The change lead er inspires others to adopt new methods of thinking and conducting business and regularly invigorates the change course and eliminates obstacles to change. This paper discusses change leadership. Against a background of rising globalization, rapidity of scientific novelty, advancing knowledge personnel, and changing social trends, many individuals agree that the main duty of administration at present is the leadership of managerial change. Significant words in the glossary of the recently emerging managerial model comprise innovation, excellence, flexibility, speed, and carrying out tests. â€Å"In view of these requirements, the traditional organizational structure, with its hierarchical, centralized control, and historically entrenched values of stability and security, is an anachronism† (Graetz, 2000, p. 552). The momentum at present is towards creating more dynamic, flexible, and nimble administrative models. These adjustments have prompted a fundamental shift in the po sition of higher-ranking managers from the conventional authoritarian control model to a more flexible, open, and participative organizational system. Currently, many organizations stress on teamwork and communiquà ©; therefore, administrators need to embrace various management skills. Habitually, many leaders have centered on the operational element of administration. Nonetheless, to be an efficient manager in a setting of transformation and volatility, a second, interpersonal element becomes vital. This implies that transformative management encompasses influential and captivating functions and blends operational expertise with superior interpersonal abilities (Ulrich Wiersema, 1999, pp. 115-120).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Many organizations go through four main stages of change. The first stage of the change process is called the formative period when an organizat ion is newly established. Although at this point there is usually a set vision, formal definitions are often lacking since many tests and advancements usually take place at this point. The second phase of change in a given organization is often characterized by fast growth or expansion. Coordination and direction are included in the company to maintain growth and facilitate achievement of vision. Change is centered on explaining the purpose of the association and the mainstream activities. The mature phase is the third stage and this is when the growth curve balances with the general trend of the economy. At this stage, changes are required to sustain created markets and ensuring utmost benefits are realized. The fourth level of change is termed the phase of downfall. This is the most demanding period in any given organization and it involves cutbacks, restructuring, and reorganization. During change execution, a director should make sure that the correct communication has been re layed through the right channel. Implementation is conceivably the most unfavorable stage of alteration. In this phase, proper communication is vital and without it, the transformation process cannot be executed effectively. For this reason, the realization of alteration challenges communication competencies of a manager. An efficient leader should demonstrate valuable leadership conduct to mitigate the pressure on transformation tasks, such as harmonization with other directors in an establishment, concern for comfort of the personnel, honesty, and readiness to involve in joint feedback. Therefore, it is very crucial for leaders to be ready to accept and adapt to change because it is unavoidable. It is also imperative for a leader to uphold the key values of an institution when it is undergoing transformation to ensure that the needs of the clients are fulfilled. Successful and lasting managerial developments depend on efficient change directors who are familiar with how to make and implement a vision, surmount opposition to change, and deal with disagreements. Advertising We will write a custom essay sample on Strategic Change Leadership in Management specifically for you for only $16.05 $11/page Learn More These competencies can make the distinction between a triumphant change attempt and unsuccessful one. â€Å"Managing change means having a clear idea of what you want to accomplish; identifying stakeholders and communicating with them; and knowing how to manage the varying levels of support and resistance that will inevitably emerge in response to any change† (Hambrick Cannella, 2008, pp. 278-282). Leaders must encounter several impediments and difficult circumstances in their endeavor to transform an establishment. When leaders sort out various problems, they make decisions that influence their personal lives and other individuals. Intrapersonal communication is crucial during judgments and facilitates a leaderâ₠¬â„¢s individual development, which is a significant feature of headship. Self-reflection assessment is one way through which leaders get involved in intrapersonal communication. Interpersonal communication takes place within a person’s mind. This kind of communication can enhance the level of a leader’s personal-awareness. Leadership capabilities include a cognitive feature, in terms of information and abilities the manager has, and a performance characteristic which allows managers to organize their abilities properly. A leader’s aptitude will affect the activities, arrangements, and procedures that improve the change and reinforce the efficacy in executing change. Leadership is dissimilar from administration. It improves administration, but it cannot substitute it because administration is concerned with dealing with difficulties. On the other hand, leadership involves handling change. Lastly, a leaders’ judgment and abilities are noticeable through the activities of executing change in the association. At this point, a leader is supposed to be conscious about evading coordination matters when various useful units in an establishment work on a general assignment. Lack of coordination often leads to disagreements during the execution of change and it lessens the success (Kotter, 1995, pp. 59-67). Change leadership necessitates social analysis skills to comprehend, judge and examine social circumstances precisely, and relational skills to react to the transformation and deal with them effectively. Since change execution involves accepting different types of persons, social-emotional capability is considered to have a straight effect on the faculty to direct change. Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More It serves as a superior forecaster of guiding change than organizing complexity. Social-emotional capability comprises examining the workers’ opinions, giving positive response, encouraging the collaboration among group participants, upholding valuable interpersonal associations with other individuals, and treating them decorously regardless of their cadres or social status. A leader’s position in alteration process is to influence their workers to recognize the need of transformation. Understanding organizational alteration involves assessing kinds of modification within the establishment. Regardless of its magnitude, any transformation has a ripple outcome on business. The critical problem that several leaders encounter is the opposition to change and it has an observable effect upon the achievement of a managerial alteration scheme. Resistance is generally considered as a conduct, which is not corresponding to the efforts of the transformation leader. Thus, the lea ders must examine the confrontation from motivational and personality-based viewpoint (Johnson, 2009, pp. 183-200). The fundamental features of the transformation management are formation and encouragement of dedication and trust. Apparently, change leaders are not able to encourage these traits unless they have these characteristics. The leaders who focus exclusively on administrative duties may not offer proper leadership that is needed to sustain the performance. Thus, leaders must learn to recognize the sustainability issues and then come up with suitable competencies to handle those challenges. Conclusion Based on the reviewed manuscripts on change leadership, several of the investigators propose that efficient leadership relies on three essential individual competencies; they are scientific, inter-personal, and theoretical abilities. Technical ability is information about particular kind of vocation or action and the individual skill is capacity to work harmoniously with othe rs. Finally, theoretical skill refers to capacity to apply various thoughts and concepts in different work environments. Leaders from various management backgrounds need varied amount of these indispensable skills. â€Å"Leaders from top management level mainly require inter-personal and conceptual skills rather than technical skills, whereas the leaders from supervisory management level require greater proportion of technical and inter-personal skills than conceptual skills† (Graetz, 2000, pp. 551-562). Consequently, change leaders should apply cognitive competencies, business techniques, and planned skills for the proper achievement of change because they have a serious task of ensuring that the transformation attempt is successful. References Graetz, F. (2000). Strategic change leadership. Management Decision, 38(8), 551-562. Hambrick, C., Cannella, A. (2008). Strategy implementation as substance and selling. The Academy of Management Executive, 9(4), 278-885. Johnson, G. (2009). Managing strategic change; the role of symbolic action. British Journal of Management, 1(3), 183-200. Kotter, J. (1995). Leading Change: Why Transformation Efforts Fail. Harvard Business Review, 9(8), 59-69. Ulrich, D., Wiersema, F. (1999). Gaining strategic and organisational capability in a turbulent business environment. Academy of Management Executive, 13(3), 115-122. This essay on Strategic Change Leadership in Management was written and submitted by user Kinsley Sullivan to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.