propasal for business

BUSN105: Scenario
You are an inventor who enjoys working around the home, cleaning, cooking, and doing minor home repairs and remodeling. You have little financial skills and no management skills. You have a great idea for a new kind of home appliance that meets everyday consumer needs. Your net worth is not very high so you have no idea if youll be able to fund this start-up. You know that currently there are similar products that meet the consumers needs, but those products are inherently dangerous. You know nothing about manufacturing other than that it costs lots of money to set up a plant. You are convinced that this new technology idea would be applicable in a wide range of other products.
Your spouse, knowing how much time this venture will take away from family time, has asked you for an example of what you mean to make sure your idea isnt some harebrained scheme. You mention the following as two similar ideas that were developed for one application but proved to have VERY widespread applications:
a. The clicker was initially invented for use with TVs, but now has widespread applications for a host of electronic applications, just like your technology could potentially do.
b. The 3-prong power cord for electrical appliances was invented for higher quality appliances. Lower quality appliances have a 2-prong cord, which is a safety issue. Better quality power cords have the 3rd ground wire, so now it has widespread application, just like your technology could potentially do.
Marketplace
The market for your new product (which will use a special technology) is quite saturated with annual growth of only 2%. It is expected that the new technology in this invention will jump start sales growth as it will make it far easier to handle and use around the house. You fully expect that once this products acceptance is established, the technology can be leveraged into other products and/or markets. While each of these FUTURE products and/or market opportunities is sure to generate significant sales, there will be significant new investment required for each opportunity as well as some risk.
Scenario Glossary
Saturated: Every market place has a certain number of potential customers; as more and more product is sold to those customers, the market reaches a point where the only continued sales might be replacement sales; this would be considered 100% saturation; on the other hand, for brand new products like a Blackberry, iPhone, etc, the day these were introduced, the saturation rate was 0%; this concept is especially important for firms introducing products to a market already having a number of suppliers supplying this product category.
Annual growth: usually used when describing the growth rate of a particular product category; for example, until this year, the auto industry was growing about 4% per year; the housing industry was growing a little faster. Both of those industries growth rates have not only slowed, but have also seen a downturn or negative growth. Assignment Type: Individual Project Deliverable Length: 2-3 pages
Points Possible: 125 Due Date: 8/29/2010 11:59:59 PM CT

Legal, Social, and Economic Environments of Business

Before you begin, review the following resources:
Review APA Style Sample Paper here.
Complete the APA style tutorial here.
Review the Frequently Asked APA Questions here.
Read Course Welcome Letter here.
Click here to read the scenario.

Based on the business scenario you have just reviewed, you will prepare an APA formatted paper that reflects your knowledge of the legal forms of business. Specifically, you will make a management decision regarding the legal form of business you believe would be appropriate to enable the firm to successfully address the business issues it is currently facing. Keep in mind that from a legal perspective, businesses are organized as one of the following:

Sole Proprietorship
Partnership
Corporation
Click here if you would like to see a What-If Analysis for this assignment.

At a minimum, your paper should include:

1.A brief interpretation of the scenario issues.
2.The advantages and disadvantages of each business type (sole proprietorship, partnership, and corporation) when compared to the issues and each other.
3.Your management decision regarding which business type you believe would be most likely to succeed and why.
4.Citations and aligned references from academic sources to support your decision.
Submitting your assignment in APA format means, at a minimum, you will need the following:

1.TITLE PAGE. Remember the running head: AND TITLE IN ALL CAPITALS.
2.ABSTRACT. A summary of your paper, not an introduction. Begin writing in third person voice.
3.BODY. The body of your paper begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The type face should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics except as required for APA level headings and references. The deliverable length of the body of your paper for this assignment is 2-3 pages. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.
4.REFERENCE PAGE. References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hang indention, italics, and upper and lower case usage as appropriate for the type of resource used. Remember, the Reference Page is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.
Please submit your assignment.
For assistance with this assignment, please use your text, Web resources, all course materials, and the AIU Library. Multimedia, located in the course materials area, of particular interest to this assignment include:

Unit 1: Business Organizations
Unit 1: Legal Systems and Processes

Instructor Comments: BUSN105 U1 Individual Project
Points Possible

Introduction  Describe a brief interpretation of the BUSN105 scenario.
15

Definitions Define sole proprietorship, partnership, and corporation. Describe the advantages and disadvantages of each one.
55

Selection Provide your management decision regarding which business type you believe would be most likely to succeed and why.
30

Mechanics – Organization, format, grammar, punctuation, spelling, readability, style, introductions, conclusion, in-text citations and reference list.
25

Grade for U1 Individual Project
125

Assignment Type: Discussion Board Deliverable Length: See assignment details
BUS105 Unit 1 “What If” Analysis

Possible Decisions Pros Cons Examples What If
Sole Proprietor ” owner makes 100% of decisions
simplest to set up
least costly to operate
simple tax return
personally liable for any debt/law suit
limited to personal resources if seeking to expand
limited by skills sets of owner
a small dry cleaner
small restaurant
” If you chose this option, it could limit the amount of money available to the business as it would all come from you and your spouse.

Partnership  pools financial resources of all partners
pools skill sets of all partners
need tax return of partnership that flows into personal return
requires legal “”partnership agreement””
partners may not agree on decisions
still personally liable
a business requiring particular expertise; no one person has that so groups of people each with special skill get together

attorneys, accountants, and physician offices are examples
” If you chose this option, you and your partners would have to agree on MANY things; in particular the goals of the company, how profits should be split, liabilities, etc.

Corporation  no liability issues to stockholders
unlimited ability to raise funds (just sell more stock)
greater ability to attract needed talent
managers have to answer to multiple owners (stockholders)
many more financial reporting requirements (SEC, IRS, etc.)
double taxation – at corporate level and again on dividends paid to stockholders

a business that will need lots of capital to fund both the start-up AND further growth
most large manufacturing operations or chains of retail stores
Apple computer, and ALL of the auto companies
” If you chose this option, you would lose some control over the decision making as now there are multiple “owners” of the business, each having their own opinion over how/what should be done

Assignment Type: Individual Project Deliverable Length: 2-3 pages
Points Possible: 125 Due Date: 8/29/2010 11:59:59 PM CT

Legal, Social, and Economic Environments of Business

Before you begin, review the following resources:
Review APA Style Sample Paper here.
Complete the APA style tutorial here.
Review the Frequently Asked APA Questions here.
Read Course Welcome Letter here.
Click here to read the scenario.

Based on the business scenario you have just reviewed, you will prepare an APA formatted paper that reflects your knowledge of the legal forms of business. Specifically, you will make a management decision regarding the legal form of business you believe would be appropriate to enable the firm to successfully address the business issues it is currently facing. Keep in mind that from a legal perspective, businesses are organized as one of the following:

Sole Proprietorship
Partnership
Corporation
Click here if you would like to see a What-If Analysis for this assignment.

At a minimum, your paper should include:

1.A brief interpretation of the scenario issues.
2.The advantages and disadvantages of each business type (sole proprietorship, partnership, and corporation) when compared to the issues and each other.
3.Your management decision regarding which business type you believe would be most likely to succeed and why.
4.Citations and aligned references from academic sources to support your decision.
Submitting your assignment in APA format means, at a minimum, you will need the following:

1.TITLE PAGE. Remember the running head: AND TITLE IN ALL CAPITALS.
2.ABSTRACT. A summary of your paper, not an introduction. Begin writing in third person voice.
3.BODY. The body of your paper begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The type face should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics except as required for APA level headings and references. The deliverable length of the body of your paper for this assignment is 2-3 pages. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.
4.REFERENCE PAGE. References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hang indention, italics, and upper and lower case usage as appropriate for the type of resource used. Remember, the Reference Page is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.
Please submit your assignment.
For assistance with this assignment, please use your text, Web resources, all course materials, and the AIU Library. Multimedia, located in the course materials area, of particular interest to this assignment include:

Unit 1: Business Organizations
Unit 1: Legal Systems and Processes

Instructor Comments: BUSN105 U1 Individual Project
Points Possible

Introduction  Describe a brief interpretation of the BUSN105 scenario.
15

DefinitionsDefine sole proprietorship, partnership, and corporation. Describe the advantages and disadvantages of each one.
55

Selection Provide your management decision regarding which business type you believe would be most likely to succeed and why.
30

Mechanics – Organization, format, grammar, punctuation, spelling, readability, style, introductions, conclusion, in-text citations and reference list.
25