Business Model Essays (Examples)
Study Document
Supply Chain Management In Canada
… and competition in premium product comes from Germany and Italy.
3. The strategic issues to be addressed are: 1) integration of the two business so as to reduce costs; 2) whose approach to retain and whose to drop—Krebbler’s or McCray’s, and 3) how to restructure operations so … to penetrate the market and fill a gap left by China’s absence.[footnoteRef:2] [2: Robert Channick, “Fallout from China Trade War,” Chicago Tribune, 2019. https://www.chicagotribune.com/business/ct-biz-china-tariffs-illinois-impact-20190510-story.html]
5. The decision to reduce Krebbler operations should be made so as to compete with low-cost competitors; however, the company’s reputation for quality … market, however, the company has been struggling just to survive.[footnoteRef:4] By selling the company to McCray, Krebbler entered into retirement. However, the two business never fully integrated and at present are still operating as two separate business though they are owned by one owner.[footnoteRef:5] [4: Krebbler Furniture Case Study, Supply Chain Management Association,……
References
Bibliography
Channick, Robert. “Fallout from China Trade War,” Chicago Tribune, 2019. https://www.chicagotribune.com/business/ct-biz-china-tariffs-illinois-impact-20190510-story.html
Krebbler Furniture Case Study, Supply Chain Management Association. Digital File.
Study Document
Childrens Amusement Park
… also understand the target segment and be able to tailor the marketing strategy to the needs and behaviors of the target by using model like Maslow’s hierarchy of needs.
The value chain will be used to ensure competitive advantage by keeping inventory costs down, converting basic entertainment … features could enter the market and steal the company’s market share.
Five External Environmental Factors
Economic. Economic factors are currently supportive of the business. Houston is growing but not at a rate that would draw attention from speculators or momentum chasers (Douglas, 2019). Growth has been steady … guests passing through. Membership fees and the sale of low cost food and beverage products will be the main revenue streams for the business and all budgeting for staff, maintenance crew, cleaning crew, and management will come from these streams.
The following will be prices for admission/membership:
… to want to keep coming……
References
References
Andzulis, J. M., Panagopoulos, N. G., & Rapp, A. (2012). A review of social media and implications for the sales process. Journal of Personal Selling & Sales Management, 32(3), 305-316.
Appelbaum, S. H., Habashy, S., Malo, J. L., & Shafiq, H. (2012). Back to the future: revisiting Kotter's 1996 change model. Journal of Management Development, 31(8), 764-782.
Chyi, H. I. (2005). Willingness to pay for online news: An empirical study on the viability of the subscription model. Journal of Media Economics, 18(2), 131-142.
Douglas, E. (2019). Houston economy to grow bigger, slower than other Texas cities: analysis. Retrieved from https://www.houstonchronicle.com/business/economy/article/Houston-economy-to-grow-bigger-slower-than-other 13903941.php#targetText=The%20Austin%20metro%20area%2C%20which,pace%2C%20according%20to%20the%20projections.
Frederick, S., Novemsky, N., Wang, J., Dhar, R., & Nowlis, S. (2009). Opportunity cost neglect. Journal of Consumer Research, 36(4), 553-561.
Lin, C. F. (2002). Segmenting customer brand preference: demographic or psychographic. Journal of Product & Brand Management, 11(4), 249-268.
Mangold, W. G., & Faulds, D. J. (2009). Social media: The new hybrid element of the promotion mix. Business horizons, 52(4), 357-365.
Teece, D. J. (2010). Business models, business strategy and innovation. Long range planning, 43(2-3), 172-194.
Study Document
Governments Procurement Methods In Integrated Public Service
… is a larger number of stakeholders involving the government, the private sector, and the general public is securing services and, or goods. The model focuses on the delivery of services, products, and infrastructure to the public. The areas under focus transcend a broad span, including water treatment, … that have been widely used elsewhere. These initiatives have stimulated further research in PPPs. The result has been the development of new PPP model, frameworks, issues to do with concession, project financing, risk management, allocation, and critical success factors (CSFs). While there have been numerous efforts to … has its unique internal characteristics, such as the style of management, organizational culture, staff, strategies, and even organizational structure. External traits include the business model, the mission, input, the technology used, the political environment, economy, routine, stakeholders, and social setup. When the level of organizational integration is determined, … realizing the goals of……
References
Bibliography
Duff, V. (2020). What is organizational integration? Retrieved from https://smallbusiness.chron.com/organizational-integration-82053.html
Friedman, S. (2016). Successful public/private partnerships from principles to practices. Washington, DC: Urban Land Institute.
Ma, L., Li, J., Jin, R., &Ke, Y. (2019). A holistic review of public-private partnership literature published between 2008 and 2018. Advances in Civil Engineering. Retrieved from http://downloads.hindawi.com/journals/ace/2019/7094653.pdf
PrivacySense. (2016). Public sector. Retrieved from http://www.privacysense.net/terms/public-sector/
Reddy, C. (2016). Staff training: Importance, benefits, advantages, and disadvantages. Retrieved from https://content.wisestep.com/staff-training-importance-benefits-advantages-disadvantages/
Sekhri, N., Feachem, R., & Ni, A. (2011). Public-private integrated partnerships demonstrate the potential to improve health care access, quality, and efficiency. Health Affairs, 30(8).
Study Document
Enterprise Risk Management In Wells Fargo During The Pandemic
… of different, but interrelated risks spread all across most organization” (p. 2). COVID 19 is not just a factor that has impacted one business or industry. It has impacted all business and all industries in different ways. Grocery chains like Kroger, for instance, have seen increased demand. Restaurants on the other hand have seen … and all industries in different ways. Grocery chains like Kroger, for instance, have seen increased demand. Restaurants on the other hand have seen business dry up due to mandated quarantine orders. Small business owners and large corporations have filed for bankruptcy. All of this impacts the banking sector and Wells Fargo specifically because of its role … domestic and two international) implement Enterprise Risk Management.
Critical Analysis and Comparison of ERM with Traditional Risk Management
ERM is simply a plan-based business strategy, the purpose of which is to identify, evaluate, and reduce the impact……
References
References
Beasley, M. (2020). How to Leverage ERM Principles to Better Respond to COVID-19-Related Risks. ERM Professional Insights.
Derysh, I. (2020). Watchdog questions why Wells Fargo reported giving only one large PPP loan to a Black-owned business. Retrieved from https://www.salon.com/2020/07/22/watchdog-questions-why-wells-fargo-reported-giving-only-one-large-ppp-loan-to-a-black-owned-business/
English, C. (2020). Wells Fargo Forced to Cut Its Dividend After Fed Stress Test. Here’s What Other Banks Did. Retrieved from https://www.barrons.com/articles/wells-fargo-forced-to-cut-its-dividend-after-fed-stress-test-51593467664
Hall, J. (2007). Internal Auditing and ERM: Fitting in and Adding Value. Retrieved from https://global.theiia.org/about/about-the-iia/Public Documents/Sawyer_Award_2007.pdf
Kaplan, R. & Mikes, A. (2012). Managing risks: A new framework. Harvard Business Review, 3.
Lewis, M. (2010). The Big Short. NY: W. W. Norton.
Lundqvist, S. (2014). Abandoning Silos for Integration: Implementing Enterprise Risk Management and Risk Governance. Lund University.
Morgenson, G. (2020). More Wells Fargo customers say the bank decided to pause their mortgage payments without asking. Retrieved from https://www.nbcnews.com/business/personal-finance/more-wells-fargo-customers-say-bank-decided-pause-their-mortgage-n1234610
Study Document
What Is Public Administration Today
… include members of the community/public. Other differences include the fact that in private administration, the idea is that the administration is overseeing some business organization that focuses on a goal related to its mission, its business model. Public administration, on the other hand, refers to a political process wherein official administrators are elected or appointed to do a job for … of the three will view administrative federalism differently.
3
Reengineering is, simply put, the process of looking at how an organization conducts its business at every level and finding ways to improve the process at each level.……
References
References
Cann, S. (2007). The Administrative State, the Exercise of Discretion, and the Constitution. Public Administration Review, 67(4), 780–782.
EPA. (2015). Administrative discretion. Retrieved from https://www.epa.gov/sites/production/files/2015-11/documents/administrative_discretion_nonotesclean.pdf
Reyes, P., & Pounder, D. G. (1993). Organizational orientation in public and private elementary schools. The Journal of Educational Research, 87(2), 86-93.
Reyes, D. R. (1998). Public sector reengineering: Practice, problems and prospects.
Rinaldi, M., Montanari, R., & Bottani, E. (2015). Improving the efficiency of public
administrations through business process reengineering and simulation: A case study. Business Process Management Journal, 21(2), 419-462.
Rubenstein, D. S. (2015). Administrative Federalism as Separation of Powers. Wash. & Lee L. Rev., 72, 171.
Savoie, D. J. (2006). What is wrong with the new public management?. In Comparative Public Administration (pp. 593-602). Emerald Group Publishing Limited.
Study Document
Benefits And Advantages Of Learning Online At College Level
...Business model Why Online Learning Works
Introduction
With the arrival of the Digital Age and the advent of distance learning, taking college level courses over the Internet has become a real possibility for today’s students seeking a higher education. But is it worth it? Does it provide the kind of quality education that learners need in order to excel in the real world? Or are their drawbacks to distance learning that outweigh the pros? This speech will go over the benefits and advantages of learning online at the college level while addressing some of the potential disadvantages that might make some hesitant to pursue distance learning as a viable option.
Why Learning Online is Useful for Adults
Adults tend to have busy schedules, which makes it hard for them to find the time to get to a traditional college for classes while making time for everything else that they have going on—whether……
References
References
Anderson, T. (Ed.). (2008). The theory and practice of online learning. Athabasca University Press.
Concannon, F., Flynn, A., & Campbell, M. (2005). What campus?based students think about the quality and benefits of e?learning. British journal of educational technology, 36(3), 501-512.
?enda?, S., & Odaba??, H. F. (2009). Effects of an online problem based learning course on content knowledge acquisition and critical thinking skills. Computers & Education, 53(1), 132-141.
Yang, Y. T. C., Newby, T. J., & Bill, R. L. (2005). Using Socratic questioning to promote critical thinking skills through asynchronous discussion forums in distance learning environments. The American Journal of Distance Education, 19(3), 163-181.
Study Document
Medicare Access And CHIP Reauthorization Act
… patients with health problems that are insignificant and do not need treatment—but because Medicare was always willing to bankroll treatment it made good business sense to treat every patient for every symptom. The problem is that people are like cars—as they age, they break down—that is just … some doctors advise people…[break]…even better would be if it included a way for doctors to be reimbursed for essentially putting themselves out of business. The idea of preventive care is not going to appeal to every doctor because they see it as a threat to their business model. However, some health care providers could focus exclusively on prevention and Medicare could offer support, such as subsidies, tax credits and other incentives—just ……
References
References
Glasziou, P., Moynihan, R., Richards, T., & Godlee, F. (2013). Too much medicine; too little care. BMJ, 347, f4247.
Lichtenfeld, L. (2011). Overdiagnosed: Making people sick in the pursuit of health. The Journal of Clinical Investigation, 121(8), 2954-2954.
Moynihan, R. (2015). Preventing overdiagnosis: the myth, the music, and the medical meeting. BMJ: British Medical Journal (Online), 350.
Welch, H., Schwartz, L. & Woloshin, S. (2011). Overdiagnosed. Beacon Hill.
Study Document
Quality Improvement Plan
… customer, the department can manage to come up with meaningful and innovative outputs that will be suitable to the customer. Using the COPIS model, the department can transform the process by focusing on what the customer would be delighted with (Brown, 2019). This way the department will … is a faster response to the customer query and the customer can receive the message promptly. With a focus on the customer, a business must be able to meet the customer where the customer feels most comfortable (Carvalho, Magalhaes, Varela, Sa, & Gonçalves, 2016). Some customers would … 2016). Some customers would prefer to interact via calls and others will prefer social media. With a presence in both these avenues, the business can be assured that it can interact with the customers and the business is able and willing to attend to customer problems or queries.
Customer loyalty will have a……
References
References
Brown, C. (2019). Why and how to employ the SIPOC model. Journal of business continuity & emergency planning, 12(3), 198-210.
Carvalho, M. S., Magalhaes, D. S., Varela, M. L., Sa, J. O., & Gonçalves, I. (2016). Definition of a collaborative working model to the logistics area using design for Six Sigma. International Journal of Quality & Reliability Management, 33(4), 465-475.
Shojaie, A. A., Raissi, S., & Dogahe, R. A. (2016). Impact analysis of TQM\\\\\\'s hard aspects on sigma level in electronics and telecommunication production process. International Journal of Productivity and Quality Management, 18(4), 425-439.
Study Document
Customer Service In The Telecoms Industry
… Lai, Griffin and Babin (2009) entitled “How quality, value, image, and satisfaction create loyalty at a Chinese telecom,” the researchers used an integrative model to assess the relationship between multiple variables related to consumers’ experience of telecoms in China. The researchers conducted a survey of 118 Chinese … company. Lee discusses the five dimensions of SERVQUAL introduced by Parasuraman et al (1988)—reliability, responsiveness, assurance, empathy, and tangibles—and shows that the Parasuraman model was confirmed in later research. However, Lee (2013) also points out that Cronin and Taylor (1992) and Teas (1993) “argued that performance measures ……
References
References
Angelova, B., & Zekiri, J. (2011). Measuring customer satisfaction with service quality using American Customer Satisfaction Model (ACSI Model). International journal of academic research in business and social sciences, 1(3), 232. Retrieved from http://hrmars.com/admin/pics/381.pdf
Boohene, R., & Agyapong, G. K. (2011). Analysis of the antecedents of customer loyalty of telecommunication industry in Ghana: The case of Vodafone (Ghana). International Business Research, 4(1), 229-240. Retrieved from http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.662.3208&rep=rep1&type=pdf
Chu, P. Y., Lee, G. Y., & Chao, Y. (2012). Service quality, customer satisfaction, customer trust, and loyalty in an e-banking context. Social Behavior and Personality: an international journal, 40(8), 1271-1283.
Lai, F., Griffin, M., & Babin, B. J. (2009). How quality, value, image, and satisfaction create loyalty at a Chinese telecom. Journal of business research, 62(10), 980-986. Retrieved from shorturl.at/BMTY7
Lee, H. S. (2013). Major moderators influencing the relationships of service quality, customer satisfaction and customer loyalty. Asian Social Science, 9(2), 1. Retrieved from http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.428.6730&rep=rep1&type=pdf
Liu, C. T., Guo, Y. M., & Lee, C. H. (2011). The effects of relationship quality and switching barriers on customer loyalty. International Journal of Information Management, 31(1), 71-79.
Khatibi, A. A., Ismail, H., & Thyagarajan, V. (2002). What drives customer loyalty: An analysis from the telecommunications industry. Journal of Targeting, Measurement and Analysis for Marketing, 11(1), 34-44. Retrieved from https://link.springer.com/content/pdf/10.1057/palgrave.jt.5740065.pdf
Kim, M. K., Park, M. C., & Jeong, D. H. (2004). The effects of customer satisfaction and switching barrier on customer loyalty in Korean mobile telecommunication services. Telecommunications policy, 28(2), 145-159. Retrieved from shorturl.at/imDEX
Study Document
Royale Racing RP16
… Preparations, which focused on preparing cars using Coventry Climax engines. He was not alone, though: Alan Cornock came aboard to help move the business along. However, the enthusiasm for Coventry Climax engines dropped off by the late 1960s, so King and Cornock decided to take the company … that is how Royale Racing was born (“Royale”). This paper will describe the history of the company behind the RP16 and how that model came about and what made it special.
History of the Company
Over the course of the company’s nearly two decade long run, 735 … volatility of a niche market sport like club racing, Royale managed to last decades (Lawrence).
Across 11 classes, Royale Racing produced 48 different model, and every model was used to win at least one race, as the record books show (Royale Race Tires). The first major production line was the … Marston, the……
References
Works Cited
1973 Royale RP16 Formula Ford. https://bringatrailer.com/listing/1973-royale-rp16/
“About Royale Racing.” Royale FCS Competition Services. http://www.racingcarsforsale.co.uk/frameset-royale.htm
Brazilian Formula Ford. http://www.driverdb.com/standings/152-1970/cars/
Lawrence, Paul. Nowhere to Hide: The Story of Royale Racing Cars. TFM Publishing, 2001.
“Royale.” http://www.f3history.co.uk/Manufacturers/Royale/royale.htm?LMCL=nU3Mya
Royale Race Tires. “About Us.” http://www.royaleracetires.com/about-us/
Ward, Ian. “Royale Racing.” The World of Automobiles, volume 17. Pennsylvania State University, 1974.
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