Management Summary
Describe the management team in your business (include advisors, consultants, accountants, etc.).
Describe the team concept, group dynamics, and the strengths and weaknesses of business teams.
Describe management philosophy concerning communication, and organizational culture.
Discuss what leadership actions you would take to adapt your business should the following happen in the first three years of operations:
o Your manufacturer has a labor strike that may last for 6 months.
o Three more competitors emerge who are now in direct competition with your company in product quality and price.
o You have had to lay off half your employees and the rest are disheartened as a result.
High Performance Teams(discussion questions)
In the 21st century, more organizations are moving to the team concept to maximize overall organizational performance through the combined efforts of people. The old adage, “Two heads are better than one” has proven to be a valid statement, as organizations strive to face the many challenges in the internal and external environments.
In this discussion question, please find an article in the Kaplan Library relating to high performance teams. If possible, try to find an article on high performance teams in the type of business you selected for your business plan. Answer the following questions relating to the article and your own experience with business teams:
Please describe the background for the article you researched and explain why this particular best practice scenario appealed to you.
What did you learn from the article that you could apply in your business?
What are some characteristics of high performance teams? What are the strengths and weaknesses of business teams? Please share your experiences as a team member in either a business or non-business environment.
Career Planning (discussion questions)
When you start a business you need to be able to sell yourself as well as your business ideas and plan. In order to get yourself on the right path to success, complete and answer the following:
Visit the Kaplan Career Services by clicking here. Review career skills in the field of business and management and then create a 1-year action plan as to what specific actions you will take that will guide you towards realizing your ideal job.
Please include the following in your 1 year bulleted action plan: (In addition add your 1 year action plan to your Career Portfolio)
Specify the ideal job you want.
Determine what skills you need to get that job.
What steps you will take to obtain the additional skills you might need?
What networking avenues will you use to understand your field of interest, obtain advice, and help you increase professional development?
How would you use a mentor or coach to assist you in personal branding?
DQ Currently, limited international laws exist in areas such as copyright/patent protection and confidentiality of information. Labor and environmental laws may vary significantly between the United States and many developing countries. In addition, although all countries have laws against bribery, there are some countries where corruption is quite common.
In this Discussion question, you are the owner of a manufacturing company, and you are considering a contract with a clothing manufacturer in Bangladesh. (Please keep in mind that you will use some of this information in your ethics policy in the final project.)
Please address the following in your response:
In reflecting on the limited international laws and regulations and the differences between the US and other countries, briefly discuss some guidelines (principles and concepts) that you would have in your code of conduct (ethical/social responsibility policies).
Describe the ethical decision-making framework (What will shape your code?).
What are expected behaviors and how will you address poor behavior?
Given the existence of regulations and laws by the United States, international governing bodies, and global organizations, list the major concerns and issues that you will need to be mindful of in developing a code of conduct for working with a foreign business.
