Business Reflection Project - Olivia Larimore by Olivia Larimore-155005003 https://padlet.com/155005003/7wmla964ff3a4yb0 en-us 2024-05-08 18:39:30 UTC 2024-05-09 21:54:03 UTC hello@padlet.com 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2985513878 Riverwood Inn's Original SMART Goals and Mission+Vision Statements

]]> 2024-05-08 18:52:16 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2985513878 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2985516731 Rough Draft of our Workforce Structure

]]> 2024-05-08 18:55:14 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2985516731 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2985520370 Our Logo!!

]]> 2024-05-08 18:58:45 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2985520370 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2985523502 Our Website!!

]]> 2024-05-08 19:02:06 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2985523502 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2985528366 My Resume for the HR Unit

]]> 2024-05-08 19:07:10 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2985528366 The Role of Operations Management 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2985529274 They play a very important role in organizations, and are concerned with overseeing the production process, ensuring efficiency, flexibility and innovation, and delivering high-quality products or services.

]]> 2024-05-08 19:08:04 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2985529274 Product Life Cycle 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987204970 Introduction: The product is launched and starts gaining awareness among consumers.

Growth: The product experiences a rapid increase in sales and demand, and more growth in the market.

Maturity: Sales stabilize and the market becomes saturated. Most potential customers are already aware of the product, and competition among different brands may intensify.

Decline: Sales start to decrease as the product becomes outdated or faces competition from newer and more innovative alternatives.


]]> 2024-05-09 20:59:51 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987204970 Role of an Entrepreneur 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987207479 To be a leader, and to be creative and innovative, while taking risks. They have to have an understanding of all aspects of their business, and to have many sorts of plans. Entrepreneurs have to be able to do it all.

]]> 2024-05-09 21:04:02 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987207479 Steps to Starting a Business 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987207960 Find market opportunities (aka niches), write a business plan, get funding/capital, then figure out where to establish your business - as it matters what the market is like in a certain area.


Then you have to get the raw materials for your company, and create/craft your product or service. Finally, you actually have to be able to attract customers and build a consumer base.


]]> 2024-05-09 21:05:03 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987207960 Management vs Leadership 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987211729 Management is all about handling the day-to-day operations and tasks, making sure everything runs smoothly. Leadership, on the other hand, is about inspiring and guiding others towards a common goal, motivating them to reach their full potential. While management focuses on maintaining stability, leadership drives change and innovation. Both are crucial for organizational success, but they involve different skills and approaches.

]]> 2024-05-09 21:11:05 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987211729 Production Process 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987213260 It's the series of steps a company takes to transform raw materials into finished products or services. This includes activities like sourcing materials, manufacturing, quality control, and distribution.

]]> 2024-05-09 21:13:57 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987213260 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987220259 2024-05-09 21:25:33 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987220259 Internal Sources of Finance 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987221361

  • Personal Fund for Sole Traders

  • Profits retained in Business

  • Sale of Assets

  • Managing the Working Capital more efficiently

    • ]]>     2024-05-09 21:27:30 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987221361     External Sources of Finance 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987222147

  • Bank Overdrafts

  • Trade Credit

  • Hire purchasing and leasing

  • Medium Term Bank Loan

  • Long Term Loan

  • Debenture

    • ]]>     2024-05-09 21:28:57 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987222147     Workforce Planning 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987225093 The two main stages of hr planning (aka workforce planning) is analyzing/forecasting, and goal setting. In the forecasting stage, HR managers are supposed to analyze different factors in relation to business goals and actual statistics/data, and then apply it to future business needs. In the goal setting stage, they set goals or objectives to reach based on the analysis. It's being proactive to maximize productivity.

    ]]>     2024-05-09 21:34:48 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987225093     155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987225924 2024-05-09 21:36:33 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987225924 Various Business Models 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987227444

  • Circular Supply

  • Resource Recovery

  • Product Life Extension

  • Sharing Model

  • Product Service System

    • ]]>     2024-05-09 21:38:48 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987227444     Types of Production 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987227956

  • Job Production

  • Batch Production

  • Mass Customization

  • Flow Production

  • Cell Production

    • ]]>     2024-05-09 21:39:49 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987227956     155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987228912 2024-05-09 21:41:31 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987228912 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987230339 2024-05-09 21:44:25 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987230339 Intangible Assets 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987231019

  • Marketing-related

  • Customer-related

  • Artistic-related

  • Contract-related

  • Technology-related

    • ]]>     2024-05-09 21:45:54 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987231019     Key Sections of a balance Sheet 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987231631

  • Non-current Assets

  • Current Assets

  • Current Liabilities

  • Shareholders Equity

  • Non-current Liabilities

    • ]]>     2024-05-09 21:47:11 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987231631     Factors influencing Financing Choice 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987232087

  • Short-term or long term finance needed

  • Cost

  • Amount Required

  • Legal Structure and desire to retain control

  • Size of existing borrowing

  • Flexibility


    • ]]>     2024-05-09 21:48:05 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987232087     4 P's of Marketing Mix 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987233697 2024-05-09 21:51:24 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987233697 Sectors of Industry 155005003 https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987234818

  • Primary - the extraction of raw materials 

  • Secondary - making the finished product     

  • Tertiary - service providing sector

  • Quaternary - Technological based information sector

    • ]]>     2024-05-09 21:54:03 UTC https://padlet.com/155005003/7wmla964ff3a4yb0/wish/2987234818