Wk 7: Assignment 3 of Oct 29 ~ Nov 4: How to finance your venture

Assignment 3 of Oct 29 ~ Nov 4: How to finance your venture

A.      Find out how much we need for the business
   1.    Rent: 1-3 years: $ 6,000. per month x 36
   2.    Equipment: including machine, counter, tables, chairs, containers, tools:total about $30,000
   3.    Salary: how many employee for how long
   4.    Material: coffee, cream, sugar, etc.
   5.    Utilities: electricity, water, insurance
   6.    Decoration and advertisement:
----------------------------------------------------- $142,000 x 3.

B.      Business structure
   1.       Partnership(LLP): Funding by individual
   2.       S Corp: Funding by individual or get loan from government or bank
   3.       C Corp: Sell stock or bond to people
  
   The advantages of S Corp are:
   1) Can issue stock not trouble like C Cop so easy to managed
   2)

C.      Option to finance the money;
   1.  Get money from the founder
   2.  Finance from the bank

ASSETS				LIABILITIES
Current Assets				Current Liabilities
	Cash	5,000		Accounts Payable		80,000
	Accounts Receivable	10,000		Wages Payable		5,000
	Store Inventory	100,000		Taxes Payable		2,000
	Total Current Assets	115,000		Total Current		87,000
				Liabilities
Long-Term Assets				Long-term (Noncurrent) Debts
	Store Equipment	30,000		Bank Debt		10,000
	less one year's			Total Liabilities		97,000
	Accumulated
	Depreciation	3,000
	Net Long-Term Assets	27,000		Owner's Equity
				Common Stock issued
				1,000 shares outstanding)		15,000
				Retained Earnings		30,000
				Total Owner's Equity		45,000
Total Assets		142,000				142,000

Wk 6: HR Group Assignment - Multicultural Conflicts

Oct/24/2011 Notes

Presents: James, Cristine, Eddie, and Margarita

Assignment: Your company is growing to 150 employees.  Being an international company, you have excellent employees from much culture background.  However, since about 1 year ago, they naturally break into ethics groups A, B and C.  The groups started to develop conflicts and hurt company communications and collaboration.  e.g. group A believes group B are too aggressive, group B thinks group C are too selfish, group C talks about how lazy group A is.

As the leadership, your group needs to solve the problem.  Apply the theory and the practices in the textbook to design a brief solution (200-500 words).  Insert the solution to your learning journal.

The company has 150 employees with excellent employees of different cultural background. However, conflicts begun to arise and affect the company’s communication and collaboration.  As the company’s leader, some techniques need to develop to solve the organizational problems.

Below are three-step techniques to solve the organizational problems:

1. Problem definition

• Know the source of the conflicts. It started with problems in  
• “Want Got Gaps”

• what ought to be occurring, and what is actually occurring
• find out what gap is?
• “Level of Problems
• within or between people
• within or between groups
• within the organization”

2.            Analysis

• Understand the causes.
• Knowing the management options.
• By doing these, can easily confront and corrected through management action.

3.            Action planning

• Create a plan
• make a specific goals
• assign activities
• field trip
• lunch gathering
• develop
• training
• workshop

Our solution to solve the problem based on the three techniques as discussed above may be forceful and progressive.  However, as a leader of this company when conflicts developed from the beginning by groups A, B, and C stating that, A believed group B were too aggressive, group B thought group C were too selfish, group C talked about how lazy group A was.  An action may be a reward, a control, or a plan for an action.

Wk6: Multiculture Conflicts

• HR Group Assignment - multicultural conflicts

Your company is growing to 150 employees.  Being an international company, you have excellent employees from much culture background.  However, since about 1 year ago, they naturally break into ethics groups A, B and C.  The groups started to develop conflicts and hurt company communications and collaboration.  e.g. group A believes group B are too aggressive, group B thinks group C are too selfish, group C talks about how lazy group A is.

As the leadership, your group needs to solve the problem.  Apply the theory and the practices in the textbook to design a brief solution (200-500 words).  Insert the solution to your learning journal.

As a leader solving conflicts for groups A, B, and C requires time and effort.  An action may be a reward, control, or planning for solutions to conflicts.

There are three-step techniques to solve organizational problems:

1. Problem definition

·         Know the source of the conflicts.  Is it,

o    Define the conflict.  See if the conflict is “ought” to be occurring and what is “actually” occurring

o    Level of conflicts, can be

§  within or between certain people;

§  within or between groups; or

§  within the whole organization.

o    Eliminate source conflicts or causal chains if any.  Source conflicts such as lack of respect among others can cause multitude problems.

2. Analysis

·         Understand the causes.  By doing these, can easily confront and corrected through management action.  Different solutions can be done such as:

§  Firing uncooperative people

§  Sensitivity training and interdepartmental discussions

3. Action planning

·         Create a plan as follows:

o    Set specific goals.

o    Define activities, resources needed, and responsibilities.

o    Set a timetable for action.

o    Forecast outcomes, develop contingencies.

o    Formulate a detailed plan of action in time sequence.

o    Implement, supervise execution, and evaluate based on goals in step one.