Managing Uncertainty Business Plan Coursework Example | Topics and Well Written Essays - 2000 words

Managing Uncertainty Business Plan - Coursework Example It is always advisable to settle on a business enterprise that is not only viable, but also within your area of expertise in order to ease its management. In this case, I am intending to start up Electronic repair Services Company, in the City of Birmingham which its capital will be around  £ 250,000 in its first year of operation. The organization will specialize in repairs of home electronics, most particularly home entertainment electronics, such as; DVDs, TV, VCRs, and CD players among many others. The small enterprise is created with an idea of providing top notch innovation to the general repair service business. It will offer a one stop solution for the repairing or renovation of home electronics and phones in Birmingham. This business is aiming to offer its services to home owners and phone users who are often caught unawares with unexpected electronic malfunction. The unique and distinguished services of the Electronic shop will give it the much sought after competitive ad vantage against other repair services businesses. (Apple, 2013, pp. 24)Market analysis There are around 0.9 million households in Birmingham, U.K. Virtually, all these households at least have phones, TVs, VCRs and many other   types electronics. The electronic service company will segment its market into product categories, which will reflect the projected number of each electronic device, being used in Birmingham city, because these devices may malfunction at any time, and they may require repair services.

Finance interview summary Assignment Example | Topics and Well Written Essays - 1000 words

Finance interview summary - Assignment Example However, this exercise was nothing like that. It was an informational interview about career prospects in two areas that I would be most interested in. I am doing a specialization in Finance and Accounting and would also like to look at Human Resources and Administration as an alternative field. The prime reason for this is that when it comes to a downturn in the economy, it is far better to be on the other side of the table letting people go, than being a victim yourself. I first interviewed Mr. Keith Sherin, Vice President of Finance at General Electric and secondly Mr. John Lynch, who was the Vice President of Human Resources at the same organization. Summary of First Interview Q. 1. Mr. Sherin, how would you describe the job you handle as VP of Finance at General Electric? Being VP of Finance of a company as large as General Electric, I am sure you will realize entails a lot of different responsibilities. Finance as you understand is the lifeblood of modern business. In fact peop le are ready to do business with you as long as you have a good reputation in the market and can be trusted and are ethically sound. The lines of cash and credit open to organizations as large and varied as General Electric are many. In fact there are banks and other lending institutions wanting to do business with us. ... Finance is not only about generating funds for projects but the proper use of these funds when in excess. One can pay back a loan in advance, create a sinking fund for replacement of key assets or even buy back stock available in the market. In fact I find it very exciting and challenging and no two days are ever the same. Finance is also about controlling the market value of the shares and maximization of shareholder wealth and prevention of a dilution in value or a hostile takeover (Brigham & Ehrhardt, 2009). So the responsibilities are quite varied. Q. 2. How did this interview affect my knowledge about career interests and my own career exploration? I was really impressed with the wide ranging responsibilities of the VP Finance at GE. I could see that authority was commensurate with the responsibilities that a VP Finance had- it was not all about meetings, but the need to make decisions about the flow and direction of the business. Finance was needed to assist in meeting business plans and current situations and a proper effort at financial planning and budgeting was necessary to meet these ends. The VP Finance had to have an overview of budgeting, cash flows, interest payments, bank dealings and all such related matters. It was certainly more difficult than I had expected. Q. 3. What new information, ideas, and insights did I gain from the Interview? For one thing, it requires a dynamic personality with the ability to motivate people to listen to you. You should have the ability to lead and direct subordinates on how to prepare stuff for meetings for internal purposes as well as banks or other institutions. It is not a desk job but