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Module OverviewThis Module focuses on the operations side of running a business. Every business should have a plan for product or service distribution and management of suppliers and inventory. In th
Module Overview
This Module focuses on the operations side of running a business. Every business should have a plan for product or service distribution and management of suppliers and inventory. In this module, you will discuss the factors that need to be considered while operating a business.
This module also focuses on the business management of employees. It deals initially with human resource management (HRM) processes, such as those related to hiring employees and building teams, the responsibilities of a manager to successfully maintain a good workforce, and the possible firing or laying off of employees.
Module Readings
Complete the following readings early in the module:
- Module overview
- From your course textbook, Entrepreneurship: Starting and operating a small business, read the following chapters:
- Operating for Success
- Management, Leadership, & Ethical Practices
- Appendix 3 BizBuilder Business Plan
- From the Argosy University online library resources, read the following article:
- Prater, E., & Ghosh, S. (2005). Current operational practices of U.S. small and medium-sized enterprises in Europe. Journal of Small Business Management, 43(2), 155–169. (ProQuest Document ID: 221006693) Retrieved from http://search.proquest.com.libproxy.edmc.edu/docview/221006693?accountid=34899
- Gaskill, L.R., Van Auken, H. E., & Manning, R. A. (1993). A factor analytic study of the perceived causes of small business failure. Journal of Small Business Management, 31(4), 18–31. (ProQuest Document ID: 220986551) Retrieved from http://search.proquest.com.libproxy.edmc.edu/docview/220986551?accountid=34899
Module Conclusion
In this Module, you reviewed the operations management of any business that wants to succeed. Special attention was given to supply chain management, quality control, and use of technology to improve performance. You also discussed the management and leadership of successful businesses. You reviewed the importance of an efficient and effective HRM and the development of an ethical culture with a focus on the corporate social responsibility.
In this modules second assignment, you will deliver the fourth step toward preparing the business plan and submit it to the Assignment Titled: Business Plan Breakdown 4—The Operations Plan. You need to perform a complete evaluation of the operations of the future businesses and prepare an operations plan.
Assignment Summary: Module Assignment 1:
Discussion—Ethics in Business
Tim Smith is purchasing a business named Underground Shoes and Accessories near Lutz, Florida. The business has had several brushes with the law during the past few years, dealing with claims of false advertising and wrongful termination of employees. As a result, Smith is concerned about the ethical culture of the firm.
In this assignment, you will review the concept of ethics discussed in this module to critically evaluate the existing or potential ethical problems in Smith's business and help him propose solutions to eliminate the problems.
Tasks:
Respond to the following points:
- What specific techniques could Smith use to increase the emphasis on business ethics when he takes control of the firm? Explain.
- What, in your opinion, can be done to improve the human resource management (HRM) of the firm, to avoid future legal problems?
Submission Details:
- By Friday January 18, 2019, post your responses to this Discussion Area. While responding, address issues brought up in your posts and compare them with. Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation.
- Do the following when responding: Read your answers. Provide substantive comments by contributing new, relevant information from course readings, Web sites, or other sources; building on the remarks or questions; or sharing practical examples of key concepts from your professional or personal experiences Respond to feedback on your posting and provide feedback to their ideas. Make sure your writing is clear, concise, and organized; demonstrates ethical scholarship in accurate representation and attribution of sources; and displays accurate spelling, grammar, and punctuation.
turned-in on time, Grading criteria followed All assignment qualifications addressed correctly, Grading Criteria followed, Include Question followed by the answer Reference Page Included Cover page Included, Paragraphs Indented, Running-head included, main heading should be centered; all new paragraphs should be indented; paper should be right ragged, not right justified; references, should always go on a standalone page. abstracts are not usually indented; acronyms should be spelled out when using them for the first time, for example HR. references as listed are APA standard. When you submit your papers through turnitin.com, your overall similarity index score should not be exceedingly high, with ten to fifteen percent being the maximum, Please make sure your APA formatting of citations. I have provided the APA resource cite for you. https://owl.english.purdue.edu/owl/resource/560/01, Please work on using literature within the span of the last 5 years, keep in mind there should not be any one, two, or three sentence paragraphs Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation
Grading Criteria
Quality of initial posting, including fulfillment of assignment instructions
Reference to supporting readings and other materials
Language and grammar