MGMT Assignment Example | Topics and Well Written Essays - 250 words

MGMT - Assignment Example The rule further helps to clarify that small retail business are not part of this rule which means that they are not affected by it. This regulation will affect my business in terms of accessing government procurement programs as well as obtaining financial support (Regulations.gov, para-1). The regulation try to define what is a small business as a sized standard and include all its branches. This proposal was put forth to provide clarity on the category of each operating business that has employees. It further provides the basis of whether a business qualifies for acquiring government procurement contract. I am against the proposed regulation because it has limited applicability in the actual situation. It fails to recognise other business such as retail trade enterprises as part of small business. Further, it represents just the opposite by stating that a small business is a standard sized business including its subsidiaries. One my comment has been submitted and acceptable my business will be able to fall under the definition of small business as explained by the small business administration. This will further make my business to qualify for government contracts and financial assistance. Regulations.gov.Small Business Size Standards: Industries with Employee Based Size Standards Not Part of Manufacturing, Wholesale Trade, or Retail Trade.Web.14.09.014 :< http://ww

Business Integration topic Essay Example | Topics and Well Written Essays - 3000 words

Business Integration topic - Essay Example During this period, the company opened 13 stores. (JB Hi Fi, Annual Report – 2007) The strategies followed by JB Hi Fi will be discussed in light of recommendations for further improvement and growth in this paper. These strategies will be discussed in terms of the phases put forward in the book by Kotter titled Leading Change, as well as theories by various other scholars like Taylor, Porter and others. In the book Leading Change, Kotter has used the word urgency to describe the first phase so as to get a head start into the process of transformation. This can be seen in JB Hi Fi’s foray into the market of technology with the popularity of its â€Å"Big Box†. This has to do with taking stock of competitive and market realities with a focus on crises and opportunities. (Kotter, 1996) This has been paralleled in Organizational Behavior and Management through a focus on competitive advantage which can be described as follows: (Ivancevich et al, 2004) This brings us to a discussion on the technicalities of the model proposed by Porter. Porters Five Forces model provides suggested points under each main heading. When taken into consideration individually, each of these gives rise to the development of a broad and sophisticated analysis of competitive position. This may further be used during the creation of a strategy, plans, or even where making investment decisions about a business or organization is concerned. These five competitive forces determine industry profitability and attractiveness apart from being responsible for shaping the prices that firms can charge, the costs they have to bear, and the required investments to engage in industry level competition. We are concerned with the fact that Porter’s essentially ahistorical approach cannot provide a full account of either a nation’s competitive advantage and corporate strategies or the growth and development of industrial