The Initial Business in Black Jacks Assignment Example | Topics and Well Written Essays - 1000 words

The Initial Business in Black Jacks - Assignment Example If the initial business plan is successful then the club facility will be extended based upon its success rate.Black Jacks targeted audience will be the population in Savannah above 18 who have the relatively refined taste of music. The targeted customers are not in any way limited in terms of gender. The Club is expected to provide music records of all genres making it easier for the customers to find their chosen records at one place. The services to be provided by Blac Jacks will also include customized music recordings. Location may be one of the most important aspects of our proposed business. This will decide which market we are going to serve as well as the future prosperity chances depends upon this. So, we have got the opportunity to buy an appropriate place in 7939 Abercorn st. Savannah. This club will be basically located in a shopping plaza where the surrounding businesses will also be helpful to boost our business. So this location will allow us to gain customers more easily. There will be no parking issue because of large car parking of the shopping plaza and also the closing time of the shopping plaza is 10:30 pm which will also be beneficial for our club. As Savannah is the largest city in the U.S. state of Georgia. The population has grown by 16.6 percent in the last ten years. Now its total population is 425,528. It is considered as the largest trading area as well as it attracts millions of visitors that may be beneficial for my business. 1. College Students: We have created an environment that will appeal the high school college students and we are expecting an increase of 5 percent from this segment annually because of positive word of mouth. 2. Childless Young Professionals: Due to our presence in the premises of shopping center, we must appeal to single students and young adults. We are expecting an annual growth of 15 % from this part of the population with the growth rate of the city.

Health Care Essay Example | Topics and Well Written Essays - 2250 words

Health Care - Essay Example As a result of this, there are cases where treatment for some seemingly incurable diseases was successfully done in this institution. Weaknesses - Though superb in providing health care, the Mayo Clinic had been allegedly accused of "defrauded the United States by misapplying certain grant funds from the National Institutes of Health and its parent agency (Harsh Criticism for the Mayo Foundation's Accounting Practices)." High medication fees cost is another weakness of the company. Opportunities - With its state-of-the-art medical facilities and research, Mayo Clinic has capability to dominate its market share. It is also a world leader in achieving breakthroughs and improvements in health care technology. Threats - Bioterrorism is one of the threats that infests medical institutions nowadays especially in distinguished medical institutions like Mayo Clinic. The incompatibility of applying modern IT technology to Mayo Clinic's system is another threat. 2. Leadership is a very vital component in any organization. ... Decisions come from a committee with a multi-departmental representation. Its principle in incorporating teamwork in its design is clearly reflected in its management system. Mayo Clinic has been very successful under this management system. In fact, it has been hailed numerous times for its world-class quality medical service. However, at times when snap and urgent decisions are needed, a single capable leader should do the job. Mayo Clinic should address this topic to avoid any cases where prompt and immediate action is needed. They should add a policy in the by-law stating that when cases of this nature happen, they should give the chairman the power to decide on and to implement emergency regulations. 3) There are various conditions where alliances are very risky between the parties involved. One of these is when a party's business or interest belongs to a totally different nature than that of the business nature of the alliance being formed. An example of this is when two businesses form a biotechnology firm where one party belongs to the field of health care services that has no background on medical research and the other is from the realm of software development that has no previous product line that caters to medical services. The lack of familiarity of one or both of the parties is very risky for the partnership or corporation, especially now that competition is very fierce and speed of technological improvement, very rapid. Though we can say that the learning curves of both parties are very high, still the risk of delivering quality results are high considering the time spent on learning the trade and the necessary operational know-how and wisdom that the