Preparing Business Plans Research Articles

Strengthening and Sustaining of Industry-Academies-Government Partnership through Continuous Process Improvement

In this 21 st century many multinational corporations (MNCs) started moving to Asian countries both for design and manufacturing due to globalization of economy, raising middle class,desire to efficiently serve the local and export markets, and utilizing the availability of competent human capital. It is assessed that no industry would provide any donationto the institutes but ready to pay for the excellent services availed. From a comprehensive research, it is found that with the availability of large number of autonomous institutes, national institutes, and technical universities in India, there is a great opportunity to establish Industry-Academies-Government Partnership through executive education, research collaboration, product development and testing. Further, there is a need for dedicated centers of industry-academy-partnership with satellite units in the industrial hubs and corridors with enabling policies and empowered high performing faculty. The institutions have to extend support for mutual benefits so that the corporates can benefit from one-stop shopping and integrated research and development. The industries would support development and share the industry relevant outcome. The institutions have to charge the industry based on the realistic financial proposal based on the terms of reference (TOR). The institutes have to prepare business plans for various technical services like developing the executives and offer relevant services like testing, and extending the expertise. The institutes could develop separate units for offering technical services through dedicated satellite centers in collaboration with networked institutes, if required. Such an approach would enable the rural institutes to overcome the difficulties due to far off location from the industrial hubs.

Judgment Performance in Business Planning

This paper investigates factors that influence the effectiveness of entrepreneurial managers’ decisions to prepare business plans, operationalized as adequacy of financing obtained, including confidence in the managers’ financial knowledge and characteristics of the business. Data is obtained from a survey administered to clients of a small business development center to access various aspects of financing options. Regression analysis is used to develop a descriptive model that indicates the adequacy of capital resources acquired from business financing is related to the interaction of entrepreneurial manager’s decision to prepare a business plan with his/her financial self-efficacy. These findings have implications for research related to the preparation of business plans and organizational performance. Mixed results in prior studies may be attributed to failure to control for context and person factors that may influence both performance and the decision to prepare a business plan.

Comparison of fisheries sectors of Japan and Turkey in production, consumption, trade and future possibilities

The purpose of this study is to show some view-points such as the expansion of the mutual trade scale in fish and/or marine products, and newly effective use of edible marine bio-resources in each country. Total quantity of fisheries production, consumption (per capita), export and import quantity of Japan and Turkey based on 2010 were reported as 75.27 million tons, 653 thousand tons; 8.5 kg, 70.9 kg, 566 thousand tons, 55.1 thousand tons,; 473 thousand tons, 80, 7 thousand tons respectively. Turkey- Japan total amount of fisheries trade was more than 56 million US $ in 2011 and, but in 2000 was just over 14 million US $. Japan and Turkey bilateral relations are friendly and cordial, and they are steadily improving. Therefore, they should prepare business plans or obtain funding for business plan development to identify new markets and explore business expansion opportunities.

Using Business Plans For Teaching Entrepreneurship

Many educators use the preparation of a Business Plan as a culminating assignment in entrepreneurship courses. Additionally, a number of institutions and organizations conduct business plan competitions to further entrepreneurship education. The objective for both of these exercises is to prepare student entrepreneurs for the challenging task of authoring a coherent and compelling document to communicate their proposed new venture to a variety of audiences including potential investors, lenders, employees, and partners. Some research shows that business plans are not always the key success factor for the success of new ventures, but the exercise of writing a business plan is an important planning tool for entrepreneurs and a valuable integrative educational process for students, because it requires the student to employ concepts from a variety of their courses including marketing, finance, accounting, strategy, operations, and human resources. This paper provides a case study of a recommended method for teaching students how to prepare business plans using the best known methods from the literature, and from the requirements of organizations that finance new ventures. The case study also provides suggested tools for writing the business plan, and a rubric for evaluating the plan.

Factors Influencing Managers’ Decisions to Prepare a Business Plan

This paper investigates factors that influence entrepreneurs’ decisions to prepare business plans. Data is obtained from a survey administered to clients of the Arkansas Small Business and Technology Development Center and designed to address various aspects of financing options. Logistic regression analysis is used to develop a descriptive model that identifies factors and interactions between factors that are associated with the entrepreneur’s decision to prepare a business plan, including greater amount of required start-up costs, financial self-efficacy, size of the business, adequacy of capital resources acquired from business financing, and others. These findings have implications for research related to the preparation of business plans and organizational performance. Mixed results in prior studies may be attributed to failure to control for context and person factors that may influence both performance and the decision to prepare a business plan.

Elaboration and realisation of innovative projects by “Tomskneftekhim” Ltd. and Institute of Catalysis of SB RAS in frames of special economic zone

The history of innovative projects creation for potential resident of SEZ started in 2005 when the Tomsk Oblast Governor V.M. Kress addressed the President of “AK” “SIBUR” OJSC, A.V. Dyukov a request to consider the prospects of allocation of the implementational Company divisions on the territory of SEZ and, in case of positive decision, to participate with the Administration of Oblast in preparation of regions to a competition on obtaining the right of creation of technical promotional type of SEZ on its own territory. Giving a consent, the President of the Company requested to include “Tomskneftekhim” Ltd. in the list of SEZ potential residents with two innovative projects, elaborated together with the Institute of Catalysys of SO RAN. These projects include: 1. Production technology elaboration of ultrahigh molecular polyethylene (UHMPE). 2. The creation of pilot plant and elaboration of processing for production of modern high effective catalysts for polypropylene and high density polyethylene manufacture. These projects are based on the use of highly effective titanium magnesium supported catalysts elaborated by Institute of Catalysis of SO RAN. The preparation method of these catalysts allows production of different modifi cations of these catalysts in frames of unifi ed technological scheme, which can be used for obtaining various polyolefi ns (UHMPE, polypropylene, high density polyethylene). “Tomskneftekhim” Ltd. was committed to prepare business plans and other documents necessary for running technical implementational activity in SEZ agreement. In December 2005 Tomsk Oblast won the competition on creation of implementation SEZ. “SIBUR” Ltd. fi nances the site reconstruction and innovative projects of “Tomskneftelhim” Ltd. and Institute of Catalysis (IC) with the support of Rosnauka (State contract No 02.431.11.7003). By present “SIBUR” Ltd. built on this site corporate scientifi c center “NIOST” Ltd. specializing on polymers and rubbers, which became the best equipped and staffed in the country. Objectively, only “SIBUT” Ltd. among Russian petrochemical companies is currently engaged in the development of Russian catalyst and polymerization technologies for the future application.

Quantifying Quality: An Introduction to Clinical Audit in Paediatric Physiotherapy

In a consumer-oriented National Health Service, quality control (clinical audit) is of increasing importance. Managers must be able to demonstrate both the efficiency and quality of their services when preparing business plans. This paper reports on a project to set, test, and quantify standards for clinical intervention. Since this type of work is in its infancy in paramedical services, a problem-solving approach was adopted. All staff helped in standard-setting and participated in testing. The audit was concerned with the process of intervention since outcome is extremely variable when dealing with chronic disorders involving multiple disabilities. The results were encouraging, demonstrating that the method was successful in quantifying the quality of intervention and had potential as a management tool for monitoring individual staff performance by indicating areas requiring additional support or training. It linked with the existing appraisal system by offering quantified targets for performance, and proved motivating to staff and consumers. The information gained may be useful in marketing the service. In a consumer-oriented National Health Service, quality control (clinical audit) is of increasing importance. Managers must be able to demonstrate both the efficiency and quality of their services when preparing business plans. This paper reports on a project to set, test, and quantify standards for clinical intervention. Since this type of work is in its infancy in paramedical services, a problem-solving approach was adopted. All staff helped in standard-setting and participated in testing. The audit was concerned with the process of intervention since outcome is extremely variable when dealing with chronic disorders involving multiple disabilities. The results were encouraging, demonstrating that the method was successful in quantifying the quality of intervention and had potential as a management tool for monitoring individual staff performance by indicating areas requiring additional support or training. It linked with the existing appraisal system by offering quantified targets for performance, and proved motivating to staff and consumers. The information gained may be useful in marketing the service.

Tax and the business of biotechnology

Taxation may not be the first topic which comes to mind when scientists decide to take the plunge and launch their own business from the base of their scientific knowledge. Indeed, there are always more pressing problems to be considered in forming any business — I have experience of helping the founders of biotechnology businesses prepare business plans and cash forecasts to raise money which gives me an insight into the multiplicity of issues to be addressed, many more important than taxation. However, taxation issues are ignored at great risk.