Small Business Critical Thinkings Samples For Students

Critical Review of Journal Article

Introduction

Benjamin Smith and Mark Simon in their article How Data Integration Systems Affect Strategic Decision Making in Small Firms in the Journal of Small Business Strategy put forward that small business need integrated data systems just like large firms. The integrated systems will help in information availability and making the correct strategic decision. They conducted a study on 97 accounting firms and their findings confirmed their hypothesis that integrated systems do help the firm access information and make better strategic decisions. They however found that greater investment in the integrated systems decreased information availability. The critical issue is the ...

Results and Literature Review

Slavec & Prodan (2012) found out that the strength of an entrepreneur’s social links is a significant factor in financing choice. The bigger the strong-tie network, the less the need for seeking finances to offset debts as the strong ties the entrepreneur has will enable him or her assemble the necessary financial resources. A majority of the respondents indicated that they have strong social ties with family members, financial institutions, accountants and friends whom they play an important role in supplementing the start-up and working capital of their business. This is in line with Slavec & Prodan’s research on ...

Abstract

Entrepreneurship refers to the willingness or the ability of an individual to start and manage a Business Venture. The risks associated with the new Business Venture are taken into account and the individual develops the plan to manage those risks and implement the plans in order to make profit. Such an individual can be referred to as an Entrepreneur. A new business venture depends heavily on innovation, inspiration, motivation and human and non-human resource planning and the risks associated with these factors.
An individual faces two options after graduation, whether to start a business venture or join an organization ...

QuickBooks Accounting Software

Introduction
Financial management can be a daunting task, especially for a small business. It is so because even the cost of hiring financial management staff can be expensive. Intuit Inc. understands the importance of financial management and proper maintenance of financial record and it is for this reason that the company produced QuickBooks. QuickBooks is simply a set of accounting software designed to help small business in the management of the business’ inventory, sales, assets and other needs that the small business may have. The product’s main features include integrated marketing tools, product and supplies tools, merchant services ...

The institutional affiliation

A code of ethics that may be also called an ethical code or a code of conduct is an inherent element of the company culture. The membership in the company commits members to abide by the standards of the code of ethics and the rules and procedures used to follow them. Thus, a well-structured and planned ethical code establishes trust and honesty, guides a decision-making process and advises employees’ commitment to the code.
It might not be argued that every code of ethics is unique and reflects the spirit, business style and values of the company. Some codes are ...

1a. Three cost benefits in Red Jet Sweets feasibility plan include the following: the cupcakes are competitively priced at $2.75 when other cupcakeries in the Fort Worth area sell their cupcakes from $2.50 to $2.95 (Katz & Green, 2014); since Red Jett Sweets is a mobile bakery this means that the company does not have to spend on costs related to renting, leasing, mortgaging or maintaining a brick-and-mortar shop; and the fact that the company does not have to spend money on owning and renting a physical shop (which can form a considerable part of small business’s income) allows ...

Abstract

In today’s economic climate, everyone has an opinion about policy reactions to the current world recession and aftermath of the financial crash. I do not see where government austerity has the potential to bring about the immediate changes that stimulus spending would. We are now trapped in a cycle where an unstable economic environment has made liquid assets more valuable than capital investments. This is not going to change until unemployment levels rise and that is not going to happen without capital investments. It is a catch 22. Austerity makes the problem worse, it adds unemployment by cutting programs and ...