Journal Of Business Education

Journal Of Business Education. Journal for excellence in business & education. Case studies, teaching notes, and selected teaching articles are distributed via the case centre and sage business cases.

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What Is a Business? A business is one type of organisation that is arranged in order to service a client. The main goal of companies is profit but there are a variety of objectives that can be met by the company. Most importantly, however, the ultimate aim of a business will be to satisfy a consumer's desires and needs. As Peter Drucker argues, this is the only real idea of business. If there are no customers in the business, the business cannot exist. Internal functions are activities undertaken within the organization. Internal functions are those executed within the organisation in order to attain a particular set of objectives. They could include policies and procedures. To be effective guidelines and policies should be meticulously designed, implemented and shared throughout the company. The high-level management of an organization should convey that the responsibility for controlling any risks or errors is a critical issue and internal control must be the top priority. Furthermore, employees must be aware of their role in internal control and have the ability to relay important information upstream. The sales and marketing processes are two instances of internal functions. Sales managers are responsible for ensuring their products and services get to the people they are selling to at the right time. They also have to ensure that they can reach all areas they are intended to reach. In addition to these core activities, internal functions include services that support the internal and external business functions to operate efficiently. Managers of these functions supply data to the management so that they can make strategic choices. Internal controls can prevent mistakes help safeguard information and prevent fraud. Without internal controls, financial statements are inadequate and the operational efficiency gets diminished. Additionally, they may impact the image of the business. So, it's important for internal controls to assure the integrity of business's financials and to stop theft and fraud. Profit is the most important metric to judge the achievement of any business Profit is defined in both relative and absolute terms. In absolute terms, the term "profit" is the amount made for a given period of time. In terms of proportion, profits are the sum of profit as a percentage of revenues. Profit is a crucial gauge for businesses because it acts as an incentive to invest money and take risk. Achieving profitability is the principal goal of every business. Without it, businesses will fail. Profitability is determined by two variables both expenses and income. Profit is earned from the sale of an item or service. It is not inclusive of the cost of obtaining capital. Expenses are the costs of operating the company. Profit is the profit that a company makes after deducting expenses. The higher the margin of profit, the better the business's financial condition. Another key indicator is the level of satisfaction of customers. A high degree of customer satisfaction can assist a business improve its products and services. Surveys, emails, and surveys of customers are all common ways of gathering data. Profit does not define success. It means different things to different businesses. For instance, a large-scale shop can be successful if it is able to break even or if it earns two thousand dollars profit per week. Breaking even is an accomplishment for a business in its first year, but it is not necessarily an indicator for performance. Business is very risky There are four phases in the business trade cycle. Each phase is different in its duration and affects the economy, such as unemployment rates, inflation and the consumption of consumers. These cycles are watched by central banks, and are among their main influences on their monetary policies and interest rates. These cycles are identified by a peak, contraction, and the trough. Understanding the phases of a business trade cycle helps investors better understand the current business environment. The initial period of the cycle is the expansion phase. The second phase is called the contraction phase. At the point of contraction, the economy is at its highest growth rate, and stops growing. This causes unemployment rates to riseand earnings to fall. The economy also enters into a bear market when investors sell their shares. The contraction phase can be triggered by a rapid increase in interest rates and financial turmoil, or the escalating inflation. Small-sized businesses vs. mid-sized businesses There are many ways of categorizing companies. One way is by the number of employees. Small-sized businesses are typically defined as having fewer that 50 employees. A mid-sized enterprise has between 50 to one billion dollars in revenue. The larger companies typically exceed $1 billion in revenue. Although large corporations dominate certain industries, the majority of the work , products and work is handled by smaller or mid-sized businesses. The distinction between mid-sized and smaller businesses is crucial as each category of business employs different numbers of employees. Even though small businesses employ less than a hundred individuals, mid-sized enterprises could employ thousands of people. Small and mid-sized firms may be able to benefit from different organizational software and company structures. Apart from these variations apart from these, the size and size of a business can affect the type of workplace it provides. Smaller companies might have more flexibility, like to streamline communication and decision-making process. A smaller organization may be able of implementing changes faster than larger businesses. A small-sized company may offer flexible schedules with work-from-home opportunities, and odd bonuses. One advantage of working with small-sized businesses is the fact that they are more creative and targeted with their approach to sales. In addition, small companies tend to more often experiment and test new solutions to ensure their solutions are efficient. Also, they make decisions quickly and more efficiently than larger enterprises. Additionally, small-sized companies often refer smaller businesses to their solution when they're satisfied with the results. Subchapter S corporations Subchapter S corporations are closely connected to the various types of corporate. The basic steps to incorporate and operate a business are identical however the main difference is the form of ownership. It is common for individuals to own shares in S businesses. There are restrictions on who can become a shareholder. If you are considering to start a company, you should talk to professionals. Tax and legal professionals can offer you expert guidance. You can also join in the CorpNet Partner Program, a group of companies that offer business creation and compliance services. By referring clients, you can earn extra money. In the case of an S corporation, you'll save on taxes. Subchapter S corporations aren't taxed at the corporate level. Therefore, the profits you earn are not taxed twice. Furthermore, S corporations don't have to pay any payroll tax or Social Security or Medicare taxes. This means they're considerably more tax-efficient than other kinds of business entity. However, the structure comes with few drawbacks. For instance, the fact that shareholders are required to pay tax on amounts distributed to them. Additionally, it could create pressure on companies to make cash distributions frequently that could impact capital formation. It may therefore not be the ideal choice for companies that require an investment of a significant amount.

Published by clute institute print issn:. The journal is rated at. A research vision to be materialised.

The Journal Of International Education In Business (Jieb) Is A Peer Reviewed Journal Concerned With Theoretical And Pedagogic Aspects Of International Education In Business Schools And Its.

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All Journal Articles Featured In The Journal Of Business Education Vol 27 Issue 3

The role of entrepreneurship education and inclination on the nexus of entrepreneurial motivation, individual entrepreneurial orientation and entrepreneurial intention:. Case studies, teaching notes, and selected teaching articles are distributed via the case centre and sage business cases. The need to personalise business ethics.

The Journal Is Rated At.

The journal primarily features basic and. American journal of business education (ajbe) | read 626 articles with impact on researchgate, the professional network for scientists. Journal of management and business education | 626 followers on linkedin.

Contribute To Management And Business Education By Publishing Original Research Works.

Journal for excellence in business & education. The journal of business ethics education supports educators that provide the conceptual tools managers need to make choices that are both ethically responsible and culturally sensitive, as. Published by clute institute print issn:.

Journal Of Education For Business Search In:

Issue 1 2018 stakeholder engagement in internationalisation of business schools. The journal of education for business is for those educating tomorrow's businesspeople. A research vision to be materialised.

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