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You have decided to open your own business and Dr. C will provide the funds to start your business. Accordingly, Dr. C is interested in specifics about your company.
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- What type of business will you open? (product or service, provide the name of your company, etc.)
- How will you manage diversity in your company?
- How will you create value?
- Regarding your company, how will you handle the following: (respond to all of the following)
· Gain a competitive advantage
· Manage diversity
· Increase efficiency
· Increase innovation,
· Effectively manage change - How will you distinguish between official goals and operating goals?
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https://brainmass.com/business/business-management/business-description-135591
Solution Preview - WHAT TYPE OF BUSINESS WILL YOU OPEN? (PRODUCT OR SERVICE, PROVIDE THE NAME OF YOUR COMPANY, ETC.)
- My business will be a manufacturing business making lathe machines.
- The name of my company will be LatheCom.
- My company will have a yearly turnover of 1.56 Million in the first year and will increase by 25% each year.
- There will be three lines that will assemble lathes.
- The casting and forging work will not be done in house but the machining of all parts will be done in the company.
- HOW WILL YOU MANAGE DIVERSITY IN YOUR COMPANY?
- I will ensure that 30% of the employees in my company are colored/black persons.
- I will keep 35% of the positions in my company reserved for women.
- There will be 10% of positions in my company for handicapped persons.
- I will also make sure that the minorities, women or handicapped are not discriminated against or abused.
- I will ensure that there is an easy method by which complaints …
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