BMGT 110 CASE STUDY
Assignm ent #1: (W eek 4) Purpose: W hen setting up a business, it is necessary to choose between the different business form s (sole proprietorship, partnership, LLC, corporation). The decision m ade about the business form will depend on the type of business and preference. In this case scenario, you are provided with three options for growth for G erald Kaye Necklet business. You will select the best business option for growth. Then, you will look at different business form s and determ ine the advantages and disadvantages of each business form . Using the inform ation gathered, you will then assess the best business form for G erald Kaye’s business. Lastly, you will discuss the business form s not selected for Kaye. O utcom es M et W ith This Assignm ent: discuss the financial, econom ic, regulatory, sociopolitical, and technological factors as they relate to a dynam ic business environm ent identify the critical business functions and how they interact in order to position the organization to be effective in the current business environm ent explain the im portance of the integration of individuals and system s to organizational effectiveness Instructions: This assignm ent is the first of two assignm ents. You will read a case scenario related to business form s. In com pleting the assignm ent, you will analyze a case study scenario and apply the concepts learned in week 3 by answering a series of required elem ents. You will com plete the assignm ent by not asking questions but by responding to each required elem ent thoroughly and accurately answering in paragraph and sentence form at without bulleting. NO TE: All subm itted w ork is to be your original w ork. You m ay not use any w ork from another student, the Internet or an online clearinghouse. You are expected to understand the Academ ic Dishonesty and Plagiarism Policy, and know that it is your responsibility to learn about instructor and general academ ic expectations w ith regard to proper citation of sources as specified in the APA Publication M anual, 6th Ed. (Students are held accountable for intext citations and an associated reference list only). Serious sanctions can result from violations of any type of the Academ ic Dishonesty and Plagiarism including a zero on an assignm ent, a zero for the course or dism issal from the university. Step 1: Preparation for W riting the Assignm ent Before you begin writing the paper, you will read the following requirem ents that will help you m eet the writing and APA requirem ents. Not reading this inform ation will lead to a lower grade; Review “How to Analyze a Case Study” under W eek 4 Content. You are expected to use the facts from the case scenario focusing on using this inform ation to determ ine opportunities and solve problem s. Read the grading rubric for the assignm ent. Use the grading rubric while writing the paper to ensure all requirem ents are m et that will lead to the highest possible grade. In writing this assignm ent, you will read and following these tasks: Third person writing is required. Third person m eans that there are no words such as “I, m e, m y, we, or us” (first person writing), nor is there use of “you or your” (second person writing). If uncertain how to write in the third person, view this link: http://www.quickanddirtytips.com /education/gram m ar/firstsecondandthirdperson. Contractions are not used in business writing, so you are expected NO T to use contractions in writing this assignm ent. You are expected to paraphrase and NO T use direct quotes. You are expected to paraphrase, which can be learned by reviewing this link: https://writing.wisc.edu/Handbook/Q PA_paraphrase2.htm l. You are responsible for APA only for intext citations and a reference list. You are expected to use the facts from the case scenario paired with the weekly courses readings to develop the analysis and support the reasoning. No m ore than tw o (2) external resources can be used in com pleting the assignm ent. The expectation is that you provide a robust use of the course readings. No other books besides the course eBook can be used. W hen using a source docum ent, the expectation is that the inform ation is cited and referenced with a page or paragraph num ber. Note that a reference within a reference list cannot exist without an associated intext citation and vice versa. View “How to Cite the Saylor eBook” Under W eek 1 Content to learn how to cite and reference the course eBook Exploring Business. Step 2: How to Set Up the Paper Create a W ord or Rich Text Form at (RTF) docum ent that is doublespaced, 12point font. The final product will be between 46 pages in length excluding the title page and reference page. You m ay not exceed six (6) pages so it is im portant to write clearly and concisely. Follow this form at. Consider m aking an outline to ensure the correct headings are in place and to keep you organize the paper. Title page with title, your nam e, the course, the instructor’s nam e; date Introduction O ne paragraph Best Business G rowth O ption Advantages and Disadvantages of the Different Business Form s Best Business Form for the Chosen O ption O ther Business Form Sum m ary paragraph O ne paragraph Step 3: Read the follow ing Case Scenario: G erald Kaye is a sole proprietor of an online jew elry business. He has invented a series of designs that revolve around a product called a necklet. The product is unique in that it can serve as a bracelet or a necklace. Kaye patented his invention and feels strongly that he retains ow nership of his creations. The business has caught on and Kaye is considering starting a storefront. He know s to do so he w ill need a loan or obtain investm ent capital to m ake the expansion w ork. The follow ing w eek, several individuals approached G erald w ith offers for his business, m aking it difficult for him to m ake a decision. After m uch though, G erald put on paper the follow ing options from w hich he w ill choose. He also has decided to keep an open m ind w hen assessing each option. O ption 1: Jude Jones, w ho ow ns her ow n storefront, approached G erald. Jude is looking to retire in a few years. She has an existing storefront business w ith significant inventory. She has proposed to Kaye that he com e into the business as a partner. He w ould bring his online business and the jew elry designs. In return, Jude w ould offer the existing inventory and storefront. Profits w ould be split 50/50 and Kaye could m aintain his ow nership of the necklet patent. W hen Jones decides to retire, Kaye w ould have first right to buy her interest for half the current value of the business. O ption 2: Franchise R US, a huge consulting firm for individuals interested in m atching investors w ith products for franchising, has m atched Kaye w ith an investor to create a franchise line of necklet kiosks in m alls around the country and abroad. Kaye w ould have to turn over his patent to the investor w ho w ould invest $250,000 in the m arketing of the franchise line in exchange for 50% of the licensing profits for the first three years and 40% of the profits each year thereafter. The investor w ill return the patent to Kaye upon sale of the business or at the tim e he has recouped the original investm ent plus 7.5% interest, w hichever com es first. O ption 3: Kaye could pursue a bank loan to expand his business on his ow n as a sole proprietorship. Step 4: W rite the Introduction Create the introductory paragraph. The introductory paragraph is the first paragraph of the paper and tells a reader the m ain points covered in the paper. To help you know how to write an introduction, view this website to learn how to write an introductory paragraph: http://www.writing.ucsb.edu/faculty/donelan/intro.htm l Step 5: Answ er the follow ing required elem ents about possible grow th options and business form s. G erald Kaye has to m ake a decision betw een three business grow th options (O ption 1, 2, or 3). Each grow th option potentially offers Kaye a different outcom e in the level of grow th a business could experience. You w ill assess the different grow th options and determ ine the best option for Kaye to pursue. Do not depend solely on the facts provided but use the course readings from the topics covered so far, especially in w eek 3 to support the reasoning for the selection. Next, you w ill create a table that clearly identifies the advantages and disadvantages of each business form (Sole proprietorship, G eneral partnership, Lim ited Liability partnership (LLP), Lim ited Liability Com pany (LLC) & corporation). The table should have three colum ns. The first colum n identifies the business form , the second colum n identifies the advantages and the third colum n identifies the disadvantages. M ake sure to identify all advantages and disadvantages. M ake sure to cite w hat is presented in table. Place the table in the paper. Don't forget that you should provide a few sentences introducing the table in the paper. These additional resources m ay be helpful in identifying advantages and disadvantages: 7 Advantages and Disadvantages of a Lim ited Liability Partnership Advantages and Disadvantages of Different Business Entities Then, you w ill look at the characteristics of each business form in the table. Select the best business form for the chosen business grow th option and explain w hy this business form w as selected and w hy it is the best business form for the grow th option. M ake sure to use both the facts provided and the course readings to support the reasoning for the selection. Lastly, explain w hy the other business form s w ere not selected? Support the reasoning and/or conclusions w ith the facts and course readings. Step 6: W rite the sum m ary paragraph W rite the sum m ary paragraph. A sum m ary paragraph restates the m ain topics of the paper. M ake sure to leave a reader with a sense that the paper is com plete. The sum m ary paragraph is the last paragraph of a paper and does not need a heading. Step 7: Review the Paper Read the paper to ensure all required elem ents are present. Use the grading rubric to ensure that you gain the m ost points possible for this assignm ent. Proofread the paper for spelling and gram m atical issues, and third person writing. Read the paper aloud as a first m easure; Use the spell and gram m ar check in W ord as a second m easure; Have som eone who has excellent English skills to proof the paper; Consider subm itting the paper to the Effective W riting Center (EW C). The EW C will provide 46 areas that m ay need im provem ent.
