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.

BUS 600 Foundation of Business Management Assignment----Quantitative Analysis Tools

Quantitative analysis theories to solve business problems and use numerical values in decision making to predict real world events. For instance, more data to get great returns in increased revenues, improved profits, and better understanding of the decision at hand.
Decision tree analysis is the most systematic tools of decision making theory and practice. Decision tree diagrams include activity forks and event forks. For example, "Le Cafe de Chocolate Lounge", the decision whether to hire consulting survey service to find out the possibility of chocolate lounge business or not hire survey service is the activity fork. The different alternatives such as are percentage s subject to uncertainty, that is an event fork.
Cash flow analysis is a technique to evaluate individual projects over the life of the project. For example, fast inventory turnover days will generate higher cash flow. NPV analysis takes cash flows and discounts them to their present-day value.
Statistical analysis solution
http://www.statisticssolutions.com/methods-chapter/statistical-data-analysis/statistical-analysis/

Data analysis software

http://www.fileguru.com/downloads/qualitative_data_analysis_software

BUS 516 Entrepeurship Assignment Chap 7----Business Plan "Le Cafe de Chocolate Lounge"

Le Cafe de Chocolate Lounge Business Plan

1. Opportunity and Market Analysis:
Coffee shop is everywhere,and it is very convenience. However, coffee shop is lack of cozy, intimate, and luxurious atmosphere. Savvy customers are looking for new, healthy, more unique treats to enjoy,an environment with superior service where customers can enjoy themselves and socialize. Fashion is always on the move. Chocolate themed and lounge atmosphere is a new concept. Customers will have the opportunities to enjoy healthy and quality chocolate in different ways 365 days a year. Our target customers mainly are women. During the daytime our market is focus on students, business professionals and local residents. At night, our chocolate lounge transform into night pub to attract upper-middle class customers. Chocolate lounge is new concept to the area. Right now there is only chocolate boutiques around.

2. Product Development and Operations:
"Le Cafe de Chocolate Lounge" is designed with comfy sofas,oil painting on the wall, pleasant music, books and magazines, and wireless internet. We offer brunch,afternoon tea,fondue,french sipping chocolate,pastries,and cocktails at night. We run a green, local, and mostly organic operation. we cooperate with our local farmers and producers to make our products fresh and healthy. Our chocolate lounge has good differentiation from others. Our unique chocolate lounge atmosphere brings customers here for social,network,relax, enjoy the finest ingredients day and night.

3. Solution and Concept:
Establish a remarkable product that would make our customers always come back for more of our exclusive product and atmosphere to study in or looking for fun. We offer our products with best quality with reasonable price.

4. Marketing and Sales:
For students--we offer cozy environment for customers to study,surf internet,and social. We provide healthy products and special discounts.

5. Risks:
The chain coffee shop may start to offer some chocolate products and upgrade their shop to lounge atmosphere style.

BUS 600 Foundation of Business Management assignment --Analyze Apple Inc. Financial Statement

In accounting there are three reports--balance sheet, income statement and cash flows. Those three reports tell us how the company is doing, making profit or loss and how the company is doing for its cash activities. Moreover, financial ratios tell us how healthy the company is.
According to Apple's balance sheet, for instance, Apple's current assets which is expected to convert to cash within one year including cash, short-term investments, accounts receivable--Apple provides the service to customers, but not receive the payments. Apple's inventories has $545 millions on June 28,2008 and is expected to sell the inventories for cash within one year. Deferred tax assets is an account prepaid tax which suppose to pay later day. Noncurrent assets include fixed assets used to operate the business but that are not for sale, such as property, plant and equipment. Goodwill typically reflects the value of intangible assets such as a strong brand name, good customer relations and good employee relations. Intangible assets include trademarks, copyrights and patents. Liabilities include current liabilities such as Apple's account payable has $3,683 millions on June 28, 2008 that has to pay to suppliers. Accrued expenses refers to an expense that has been incurred but not yet paid. Examples of accrued expense items might be interest,wages, and taxes. Shareholders' equity include Preferred stock, common stock, additional paid-in-capital, retained earnings, and treasury stock. For instance, Apple has retained earnings $12.7 billion on June 28,2008. It has over 1.5 times that amount in shareholders' equity ($19.6 billion). Therefore, the company is using shareholder's money effectively.
Apple's statements of operations which is income statement shows that net sales/Revenues earned by the company when it sells its products. Cost of sales/COGS is the costs that go into creating the products that a company sells. Revenues minus COGS can calculate a company's gross margin. Then, deducted expenses such as R&D, selling, and administrative plus other income and minus income taxes to get net income.
Apple's statements of cash flows include operating activities which changes made in cash, account receivable,depreciation,inventory and account payable are reflected in cash from operations. Changes in equipment, assets or investments relate to cash from investing. Usually cash changes from investing are a "cash out" item, because cash is used to buy new equipment, property, plant or short-term investments. Financing activities reports the issuance and repurchase of the company's own bonds and stock and the payment of dividends.

Apple Inc. margins of sales in 2007 gross margin was 33.97% and in 2008 was 34.31%. Profitability in 2007 net margin was 14.56% and in 2008 was 14.88%, return on assets in 2007 was 16.43% and in 2008 was 14.89%, return on equity in 2007 was 28.52% and in 2008 was 27.19%, inventory turnover in 2007 was 51.47% and in 2008 was 49.90%. Therefore, in 2008, Apple might require a large investments and in a product transition. Inventory turnover rate was lower than previous year which was good and healthy. Quick ratio and current ratio gave a sense of how readily the company could cover current obligations if the sales were to stop. Higher ratios indicate greater liquidity. For instance, Apple had 2.43 quick ratio and 2.46 current ratio in 2008. The financial statements and ratios show Apple Inc. is a very healthy and stable company. It is a good company for invest.