Moving from Idea to Firm
Part 1. Answer the following questions, within 100 words minimum
Chapter 7
Business organization/structures
1. What are the different ways that a business can organize/structure itself?
2. What is the "best" way for a small business to organize/structure itself?
3. Explain,Why?
Building a strong ethical culture
4. What are some of the specific steps that can be taken in an entrepreneurial venture for the purpose of building a strong ethical culture?
Chapter 8
Financial Management and Objectives of a firm
5. What are the two primary functions of the financial management of a firm and what are the four main financial objectives of a firm?
6. Is any function or objective more important for a small business?
7. Explain Why?
Chapter 10
Equity funding and debt financing
8. What is the difference between equity funding and debt financing and what are their common sources?
9. Is one type funding "better" for the small business owner?
10. Explain, Why?
Financial initial and follow on business operations
11. What are the specific ways a new business start-up can finance their initial and follow on business operations?
Part 2: Ethics Standards Presentation
Research four different firms from the S&P 500 to determine the criteria they have used to develop an ethical culture within their firm (e.g. their Code of Business Ethics, ethics governance committees, employee acknowledgements, public relations efforts or marketing).
Discuss the following questions:
• What kind(s) of information does each firm include in their ethical statements or documentation?
• Is there a designated team or governing structure that oversees ethics for each of the firms?
• What messages are the firms attempting to send to their employees?
• What messages are the firms attempting to send to their external customers?
• Why do you think that being perceived as "ethical" may or may not be important for a business?
• What are some other potential strategies that the firms may want to consider, and why?
Create a 10- to 15-slide visual presentation with speaker notesin which you summarize your conclusions.
Part 3: Financial Management Presentation
Research three critical financial issues that start-up or newly-acquired businesses may face.
Describe potential resolutions for these issues.
Discuss the importance of financing to a new business, and describe best practices for handling working capital and cash flow for a new business.
Present the information with a 10- to 15-slide visual presentation with speaker notes.