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Small Business Management: Launching And Growing Entrepreneurial Ventures: 17th Edition [PDF] Authors: Longenecker Petty PDF Economy Add to Wishlist Share views Download Embed This document was uploaded by our user. The uploader already confirmed that they had the permission to publish it Authors: by Justin G. Longenecker, J. William Petty, Leslie E. Palich, Frank Hoy. File Size: MB. Format: PDF. Hardcover: pages. Publisher: Cengage Learning; 17 edition 19/11/ · SMALL BUSINESS MANAGEMENT: LAUNCHING AND GROWING ENTREPRENEURIAL VENTURES, 17E provides the practical concepts, entrepreneurial Title: Small Business Management 17th Edition Pdf Small Business Management Business Management Business Books: Format: PDF: Number of Pages: pages Small Business Small Business Management 17th Edition Longenecker Solutions Manual. This is NOT the TEXT BOOK. You are buying SOLUTIONS MANUAL for Small Business Management 17th ... read more
In the case of a startup, how can an entrepreneur use PRO factors to win the confidence of potential customers, partners, etc. and avoid resorting to the telling of legitimacy lies? The legitimacy lie is caused when small business owners create false impressions to make their companies look good. That is, sometimes small businesses misrepresent the facts to mislead others intentionally to earn their confidence. Small businesses can win confidence by demonstrating the following: Show the customer of the PRODUCT or service will serve the needs of the customer better than the alternatives. What privacy issues are most important to small businesses? What should a company do to guard against violations of the privacy rights of customers, employees, and others? An issue of great concern to Internet users is personal privacy. A recent poll found that more than 80 percent of Web users worry about whether and how their personal information is being protected.
Businesses and consumers often disagree about how private the identity of visitors to websites should be. To minimize customer concerns, it is very important that a company be honest and transparent with customers about its practices and that it drafts a privacy policy that conforms to the guidelines provided by organizations like the Better Business Bureau or through consultation with an attorney. Privacy issues extend to employees as well. Many workers believe it is inappropriate for employers to monitor their e-mail. Employers, are concerned that employees may be wasting company time dealing with personal email, shopping online, and surfing the internet. Data shows there is reason for this concern. An increasing number of small businesses are installing software to. Beyond productivity concerns, companies are very worried these days about deliberate or accidental leaks of sensitive information, employee access to inappropriate content, and system exposure to risky viruses and malware.
Taking measures to protect privacy, on both ends, communicates that the firm respects its employees and signals sound commitment to high standards or integrity. What are some of the advantages of conducting business with integrity? Some people say they have no responsibility beyond maximizing the value of the firm in financial terms-can this position be defended? If so, how? There are many advantages to conducting business with integrity, beginning with maintaining a clear conscience! Integrity suggests that due attention will be given to the interests of the owners who, after all, have put up their personal resources to make the business possible, and more investment is likely to follow that which is appropriately managed. Integrity generates trust, which leads to repeat business by customers, low levels of turnover among employees, and a positive reputation in the community.
These are all likely to lead to a financial edge for the company, but the primary motivation should run deeper, established on the knowledge that operating with integrity is simply the right thing to do, regardless of the outcomes. It should also be noted, though, that conducting business with integrity e. Economist Milton Friedman, among others, argues that the only purpose of the business is to generate profits in an honest way, and this position seems sound. However, the path to profitability is not as clear as most people think. For example, the chapter cites research suggesting that companies perform best when they focus on all of the important stakeholders of the firm. In fact, the differences in performance levels are substantial.
It should be noted, however, that small companies often face a different situation since a single person—or a small group of investors—who can legitimately decide to spend their resources in any way they choose, usually owns them. Explain the connection between underlying values and ethical business behavior. If a business leader deals unscrupulously with employees or customers, for example, it is evident that he or she lacks a strong internalized value system. Judeo-Christian values are the most widely accepted framework of values in our business world. Why are the six steps in the ethical decision making process presented in this chapter?
What is the practical value of this model to the processing of decision in a small business? Step 1: Define the problem. Step 2: Identify alternative solutions to the problem. Step 3: Evaluate the identified alternatives Step 4: Make the decision Step 5: Implement the decision Step 6: Evaluate the decision Ethical decision making often is not a very clear-cut process. In fact, the appropriate course of action may still not be apparent in some business situation. This six-step process may help small business owners see the issues more clearly and help them to make better ethical decisions. Give some examples of expenditures required on the part of small business firms to protect the environment. In your opinion, do rising concerns for the environment create more costs or more business opportunities for small companies?
Numerous examples are possible; students should be encouraged to cite examples of which they are personally aware. Some of those mentioned in the chapter refer to added costs borne by livestock feed lots, cement plants, and pet-food processors. SUGGESTED ANSWERS TO YOU MAKE THE CALL EXERCISES Situation 1 1. Hiring Julie seems to be the best choice. The fact that she is superior to the other candidates, based on experience and ability, suggests that she should be able to contribute most to the business. Of course, one might also argue that hiring Julie is more ethical and that ethical decisions pay off in the long run. What ethical reasoning would support hiring Mary?
Sally has given her word to applicant Mary. She has told Mary that she has the job. The starting time has been specified. Since the instructions were verbal, it is probably not legally enforceable. However, does the principle of keeping ones promise allow for backing down at this stage? Mary may already have made commitments in view of the new job, and that fact that Mary needs the job to support her family makes this especially difficult. What ethical reasoning would support hiring Julie? Can the instructions to Mary be construed as merely tentative? If the agreement with Mary is not yet finalized, the job is still open until Monday.
It might be. argued that Sally can hire Julie and still be ethical. Which of these positions or arguments is more persuasive? Situation 2 1. The only false advantage here is the increase in revenue for Darryl. The drawbacks to this indiscretion are many. He runs the risk of getting caught and losing his business, going to jail, and being unable to provide for his family. Which stakeholders are affected by this approach, either positively or negatively? Primary stakeholders that are affected positively by this are: Darryl, his family, the company business. Let's share :. No comments:. About Us Theme Professional Blogger Themes Experience our news In your hand. Contact Us Go to Contact Menu to leave a message. Copyright © - Peter Books Chapter. About Contact Advertise Privacy Disclaimer Sitemaps. Title: Small Business Management 17th Edition Pdf Small Business Management Business Management Business Books. Read Small Business Management 17th Edition Pdf Small Business Management Business Management Business Books.
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8/07/ · SMALL BUSINESS MANAGEMENT delves into the fundamentals of business management, with an emphasis on how to start a business as well as how to manage, grow, Title: Small Business Management 17th Edition Pdf Small Business Management Business Management Business Books: Format: PDF: Number of Pages: pages Small Business Small Business Management 17th Edition Longenecker Solutions Manual. This is NOT the TEXT BOOK. You are buying SOLUTIONS MANUAL for Small Business Management 17th The content of every chapter reflects the most recent statistics, studies, surveys, and research about entrepreneurship and small business management. Students will learn how to launch 22/10/ · This book provides a thoughtful, practical guide to the process of successfully launching and growing an entrepreneurial venture. This Book is a compilation of great 19/11/ · SMALL BUSINESS MANAGEMENT: LAUNCHING AND GROWING ENTREPRENEURIAL VENTURES, 17E provides the practical concepts, entrepreneurial ... read more
Theme Professional Blogger Themes. Large business CEOs often have more abundant resources and can afford to be more socially conscious. Create Company Goals and Objectives You be the Consultant: Finding the Correct Business Model Step 7. Cancel Overwrite Save. Contact Us Head Office: Johnson Avenue APT 12E Bronx, NY TD11 7JL. businesses to use bribery elsewhere in the world 2 Ethical relativism- the belief that ethical standards are subject to local interpretation.
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