The small and medium-sized enterprise (SME) sector is a major employer of finance professionals. Although relatively few ACCA members’ careers start in SMEs, 45% have at some point in their lives worked for an SME. ACCA has long recognised this – and in 2013 it is launching ‘Accountants for Small Business’, a campaign aiming to raise awareness of the value of professional accountants i…
Sales of organic products are steadily increasing, and so is organic production in low and middle income countries. For good reason: for farmers it is an opportunity to improve their livelihoods and at the same time manage their land in a more sustainable way. It enables them to access promising local and international markets and to gain a better income. There are many successful examples of …
Today the business world is more challenging than ever. In a global business environment that is growing ever more complex, companies are confronted with the need to prove the value of every investment, and financial pressures require them to cut costs while continuing to grow revenue. Against this backdrop, marketers are called on to demonstrate the value of what they do as they struggle w…
As the technology line-item has grown in size over the past two decades, management teams have had to consider critical technology issues, including managing costs, aligning investment priorities and measuring ROI. While these are important issues, most members of the C-suite, CEOs in particular, have had little visibility into what technology actually does.
A business plan is a comprehensive, written description of the business of an enterprise. It is a detailed report on a company's products or services, production techniques, markets and clients, marketing strategy, human resources, organization, requirements in respect of infrastructure and supplies, financing requirements, and sources and uses of funds. The business plan describes the pas…
Electronic business (e-business) can be defined as the use of the internet to network and empower business processes, electronic commerce, organizational communication and collaboration within a company and with its customers, suppliers, and other stakeholders. E-businesses utilise the internet, intranets, extranets and other networks to support their commercial processes. Electronic comme…
Fighting poverty through business – is it possible? The answer is yes because inclusive business brings together business and social development. When companies do business with people living in poverty, both sides stand to benefit. Access to markets enables these people to make productive use of their capital and improve the quality of their lives with the money they earn. Vast oppo…
Small businesses make a significant contribution to Australia’s economy. The ABS defines small business as businesses employing fewer than 20 people. In Australia 95.6 per cent of businesses are considered ‘small businesses’ under this category.1 Small businesses are found in a wide range of industries including property, construction, retail trade and agriculture, forestry and fishi…
Honest Tea, a bottled iced tea company, has completed a strong summer of sales in the mid-Atlantic region and is now raising capital to fund the brand’s expansion across the United States as well as overseas. Since the all-natural tea first hit the mid-Atlantic market in June of 1998, Honest Tea has developed a loyal following of customers who have made the product the best-selling tea in…
Being your own boss is wonderfully exciting, but isn’t for everyone. Anyone considering starting a business needs first to consider if they are suited for it, personally and professionally. There is no right or wrong answer to each of these questions. This is a self-evaluation to help you think through critical aspects of your personal and business readiness to be self-employed. It is desi…
One way to learn about business is to read the textbooks, learn the definitions, discuss case studies, and pass the exam. In Foundation: A Hands-on Introduction to Business Fundamentals we take a less theoretical and more hands-on approach. We’re going to learn business by managing a business. The approach makes sense for two reasons. First, business itself is practical. If there were a sing…
Business models are a key business architecture perspective. nnovation is becoming business model-centric, Business models are a unifying concept for business innovation, strategy, and business architecture. Customer experience design and integrated business model design work together synergistically. Future: Increased role of business architecture in strategic and business planning
The paper provides a broad and multifaceted review of the received literature on business models in which we examine the business model concept through multiple disciplinary and subject-matter lenses.
Traditionally considered an exercise in corporate discipline, today’s business plans are at the heart of obtaining financing, forming alliances and recruiting executives. No longer read exclusively by insiders and traditional lenders, business plans must do more than demonstrate a sufficient level of competence. Today’s plans have to withstand stiff competition in attracting funding, ke…
The UPS Code of Business Conduct (“Code”) sets forth standards of conduct for all of UPS. Throughout the Code, “UPS” is used to refer to the enterprise as a whole, to each person within it, and to any person or entity who represents UPS or any part of the UPS organization, including suppliers, consultants, and third-party representatives. Adherence to the Code is required of all em…
This thesis studies the business model as a possible integrator of different strategic perspectives on firms‟ sustained competitive advantage. It presents the arguments for viewing the business model as a concept closely related to strategy in general and competitive advantage in particular. Furthermore, it reviews existing business model literature in order to determine how this field can co…
This document is a result of numerous calls for help from potential farmers, aspiring entrepreneurs and government officials from all the provinces requesting guidance with drafting bankable business plans. Research has shown that prospective entrepreneurs are not familiar with the contents of their business plan, because they seldom contribute (input) into the development of a business plan…
Many companies have a brief mission statement, usually in thirty words or less, explaining their reason for being and their guiding principles. If you want to draft a mission statement, this is a good place to put it in the plan. Followed by: Company goals and objectives: Goals are destinations -- where you want your business to be. Objectives are progress markers along the way to goal achieve…
The starting point for any good discussion, meeting, or workshop on business model innovation should be a shared understanding of what a business model actually is. We need a business model concept that everybody understands: one that facilitates description and discussion. We need to start from the same point and talk about the same thing. The challenge is that the concept must be simpl…
Starbucks is the premier roaster and retailer of specialty coffee in the world and has become a truly global brand. From the beginning, we have recognized that you, our partners, are critical to our continued success. Starbucks reputation for the finest coffee in the world, legendary customer service and the highest integrity is the direct result of our collective efforts. We are all care…
The concept of sustainable development has received growing recognition, but it is a new idea for many business executives. For most, the concept remains abstract and theoretical. Protecting an organization’s capital base is a well-accepted business principle. Yet organizations do not generally recognize the possibility of extending this notion to the world’s natural and human resource…
The business strategy perspective argues that achieving competitive advantage hinges on pursing a coherent competitive strategy. Family businesses are also said to manifest a strong desire to develop enduring and committed social relationships with external stakeholders. Nevertheless, there has been relatively little attention devoted to the business strategic activities of family businesses an…
This chapter proposes a theoretical analysis framework to highlight the challenge of the knowledge transfer between headquarter and subsidiaries and how the intra-organisational hybridization could overcome the limits of the top-down transfer. By highlighting the added value of local subsidiaries, this chapter focuses on the features of the knowledge hybridization as a new managerial practice t…
For any business to be successful, it must be started and operated with a clear understanding of its customers, its internal strengths, its competitive environment, and a vision of how it will evolve to compete in the future. A business also needs money to start, to operate, and to grow. By expending the effort to develop a comprehensive business plan, you will have a powerful tool for attracti…
The speed of change in virtually all industries has increased exponentially over the past decades – and conventional wisdom proves that the trend will continue. In this fast-paced global business environment, the ability to possess fact- based strategic foresight, deliver systematic exploration of new growth opportunities and to institutionalise a continuous drive to improve internal business…
What is ‘business development’? This is usually the first question I have to answer whenever I’m asked what I do for a living by people outside the pharmaceutical industry. The answers I try to give are oen tailored to the audience and what they are likely to quickly understand from their own experience. However, as few people have any idea that such a role exists beyond some hazy idea …
The notion of business model has been used by strategy scholars to refer to “the logic of the firm, the way it operates and how it creates value for its stakeholders.” On the surface, this notion appears to be similar to that of strategy. We present a conceptual framework to separate and relate business model and strategy. Business model, we argue, is a reflection of the firm’s realized s…
When a person has been working in an area of economics for over thirty years, he will have acquired intellectual debts. It is important then that I acknowledge some friends and colleagues whose wisdom and lore have helped me get some understanding of balance-of-payments adjustment and the international financial system. Many of these colleagues are people who are dissatisfied with some aspects,…
Pipedream.com, Inc. will create the first Internet Sports Entertainment Network offering sports programming along with clothing and equipment. Recognizing that a vital aspect of selling merchandise online is to provide compelling entertainment content to inspire sales. The company’s unique content will showcase the new and exciting Entertainment and all the products, events, services and adv…
This book is the first to apply the network approach to the analysis of business relationships in a global context. Drawing on a wide variety of international case. studies, a `network approach' is developed, giving rise to far-reaching theoretical and practical managerial insights and a different way of conceptualizing companies within markets. New angles emerge on traditional problems of busi…