BUS 600 Foundation of Business Management Assignment Economics 3~6 ideas

Economics is about supply and demand, trade, production, consumption of goods and service.
Microeconomics deals with individuals, companies or industries. For instance, it talks about costs, revenue, pricing, supply and demand. How the company use the market structure and right price to meet demand at an equilibrium point to make profit.
Macroeconomics is to understand the whole economy functions such as GDP, unemployment rate, investment of the nations. Keynes thought that government intervention can help economic growth and reach full employment. Monetarists believe that free market economics are best in the long run even the unemployment rate is high.
Balance of payments is the nations keep on track with their international transactions. And it shows the changes of foreign exchange for a period of time. To predict world currencies and see which country's currency is worth than another. There are four factors: paying goods and services--trading demands for currency, higher interest rates for investors to purchase of bonds, political situation, and economic reasons.
Country analysis can predict a country's future. There are some steps to follow such as a country's trade and low unemployment rate, increase GNP, steady interest rate and consumption, birth rate and population growth, country's productivity, policies of monetary, and leader's vision.

BUS 600 Foundation of Business Management Assignment--Operations 3~6 ideas

There are some theories are mentioned in Operations history. For instance, Frederick Taylor using science and number research to find the most production method is that it is management's responsibility to control and push the lazy worker to perform and be efficient. Elton Mayo thought employee perform better by monitoring.

Theory X believe that should control people as detail as possible which is tight control of employees.
Theory Y believe that workers are self motivated given a supportive work environment which is empower the employees.
Theory Z believe every employee is part of a consensual decision making process which is depend on the nature of task and when workers feel like partners in the business they become more productive and perform better.

To produce a product or service, the six M's of capacity are important. For instance, what is the best and most efficient method to produce a product? the material is available and in good quality. well trained productive workers, reliable machines, enough money to run or invest for production, and system to share information.

The reason to have inventory is inventory on hand to reduce the cost and production delay or any unpredictable conditions such as supplier increase price, uncertain production demands.

Mass customization is the new technology and integration to produce a product with low cost of modern mass production.

BUS 600 Foundation of Business Management Assignment--Finance 3~6 ideas

Finance is about money investment and financial management. Investments include risk and return, stock, bond, options markets. Beta stock usually use in short term investment and tells us the market movement and individual stock or portfolio movement. For example, beta below 1 usually are traditional industry such as oil company and it is lower return and risk. However, beta above 1 usually are high tech company or bank corporations and it is high risk and return and it all relate to the economic situation. Bond market usually issued by government or corporations and the interest rate is higher than the bank saving and low risk. It is for long term investment.

Financial management has two functions--business investment decisions and financing decisions.
Investment activity is capital budgeting which is to evaluate and analyze the investment project will make most return in a period of time. For instance, the method include NPV, payback period.
Financing decisions are about to determine which project for long term can finance the investment with equity or debt, whether or when issue dividends. For short term is to see how to manage cash and inventory.
Finance plan can help individual, company and government to manage money and investment.

BUS 516 Entrepeurship Assignment--"Le Cafe de Chocolate Lounge" Position statement

*Positioning statement for "Le Cafe de Chocolate Lounge"
--For women, students, profession and upper class adults.
--Who need a lounge atmosphere place for social network, business meeting, study and relax.
--Chocolate fondue, dessert, beverage.
--comfy furniture, intimate space, wireless internet service, and expand circle of friends.
*Differentiation
--Unlike Starbucks
--Our product is unique and most organic.