Assignment:
"Goods and Service Design"
• Examine some of the steps that are involved in designing goods and services. Select two services or two products that are currently on the market. Compare and contrast each step, and determine the similarities and areas where they differ.
• Suggest at least two changes to specific areas of the process design phase that may lead to improvement in operations. Provide a rationale to support your suggestion.
"Service Positioning versus Product Process"
• Compare and contrast the service positioning matrix and the product process matrix in terms of their differences and similarities.
• Provide at least one example currently used in business for each of the matrixes and evaluate their benefits and limitations within the industry you chose.
• Evaluate how each matrix is unique in the way it addresses the needs of the customer.
Creating a Solid Financial Plan
• Discuss the best way to leverage a breakeven analysis when defining a business strategy.
• Analyze the 12 financial ratios mentioned in the textbook and determine which is the most useful to the greatest number of small businesses. Explain your rationale.
Managing Cash Flow
• Analyze the steps involved in preparing a cash budget and determine which steps presents the greatest number of obstacles to the greatest number of small businesses. Explain your rationale.
• Analyze the steps involved in avoiding a cash crunch and make at least one additional recommendation for doing so. Provide specific examples to support your response.