MGM102H5 Lecture Notes - Lecture 11: Cultural Conflict, 8 Mm Video Format, Learning Organization
Document Summary
Reasons for homed based businesses: computer technology, corporate downsizing, change in social attitudes, challenges include: What is small business: independently owned and operated, not dominant in its field, small number of employees. Managing a small business: write a business plan, get some experience, get adequate funding (lenders, investors, angels, venture capitalists, know your customer, manage hr, keep good records, get help. Going international: small-business prospects: major challenges and opportunities, balance between balancing existing customers while finding new customers domestically and abroad. Family businesses: owned and financially controlled by family members, largest percentage of businesses worldwide, can provide an ideal business situation, problems unique to family businesses. Employees outside the family may not want to continue working for them because their career advancement is limited. Directive from bod open more stores and grow revenue to . Video 1 billion: added key leaders from outside the firm, infrastructure led to tension among employees, employees were not on boarded properly.
