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We need to hrm pakistan, use cookies on the Website to enhance the user experience and avoid multiple logins or password authentication requests. We may use, or we may engage third-parties to use on our behalf, cookies or similar web tags (small data text files placed on your computer or device) or similar technologies to identify Your computer or device and record Your preferences and other data so that our Website can personalize Your visit(s), see which areas and product design coursework, features of our Website are popular, and improve our Website and Your experience. Depending upon Your computer, You may be able to set Your browser(s) to reject cookies or delete cookies, but that may result in the loss of some functionality on the Website. We may also use web beacons (small graphic images on a web page or an HTML e-mail) to thesis hrm pakistan, monitor interaction with our websites or e-mails. Essay About Human Rights In China? Web beacons are generally invisible because they are very small (only 1-by-1 pixel) and the same color as the background of the web page or e-mail message. Web Browsing Activity. When accessing our Website, We automatically collect certain information about Your computer and thesis hrm pakistan, Your visit, such as your IP address, browser type, date and answer question, time, the web page You visited before visiting our Website, Your activities and purchases on our Website, and thesis hrm pakistan, other analytical information associated with the Website. Information From Other Sources. We may also obtain information about You from other sources. For example, We may receive credit information from third-party sources before initiating Your service. We may also purchase or obtain Personal Information (for example, e-mail lists, postal mail lists, demographic and for an mla research paper, marketing data) from others.

HOW WE USE INFORMATION WE COLLECT ABOUT YOU. We use the information We collect for a variety of business purposes, such as: To provide and thesis, bill for Services You purchase; To deliver and uk phd online, confirm Services You obtain from us; To verify Your identity and maintain a record of Your transactions and interactions with us; To provide customer services to You; To create, modify, improve, enhance, remove or fix our Services and their performance; To identify and suggest products or services that might interest You; To make internal business decisions about current and future Service offerings; To provide You customized user experiences, including personalized Services offerings; To protect our rights, interests, safety and thesis hrm pakistan, property and us history, that of our customers, service providers and other third parties; and. To comply with law or as required for legal purposes. Thesis? We may use Personal Information for essay multiple question, investigations or prevention of hrm pakistan, fraud or network abuse. We may use information we collect to contact You about dissertations, our and/or third-party products, services, and offers that We believe You may find of interest. We may contact You by telephone, postal mail, e-mail, or other methods. You may see advertisements when You visit our Website.

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HOW WE STORE AND PROTECT THE INFORMATION COLLECTED ABOUT YOU. Protecting Your Information. We use a variety of hrm pakistan, physical, electronic, and procedural safeguards to protect Personal Information from unauthorized access, use, or disclosure while it is under our control. Unfortunately, no data transmission over the internet can be guaranteed to multiple, be completely secure. As a result, although we will utilize such measures, we do not guarantee You against thesis hrm pakistan, the loss, misuse, or alteration of Personal Information under our control, and home plan, You provide Personal Information to us at Your own risk. Hrm Pakistan? You should always take care with how You handle and disclose your Personal Information and should avoid sending Personal Information through insecure e-mail, social networks or other internet channels. Business Plan? Retention and Disposal. We retain information only for as long as we have a business or tax need or as applicable laws, regulations and/or government orders allow.

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2017 MBA Essay Questions: MIT Sloan. 2017 MIT Sloan Full-Time MBA Application Class of thesis hrm pakistan 2020. As expected, MIT has retained their cover letter for mla research the 2017 MBA application #8212; and hrm pakistan, they#8217;ve also added a video component! It has a prescribed question and they#8217;re calling it a #8220;video statement#8221; #8212; you have to record your video and upload it to the app like another essay, as part of the submission. The question is deceivingly simple: Please introduce yourself to your future classmates via a brief video statement. This one is going to require some introspection and self-examination in order to answer well!

You#8217;ll want to treat this more like a second essay not to the extent that you#8217;ll literally write out your answer, since that would seriously backfire on you if you were to sit there and read it while you were being filmed. Answer Choice Essay Multiple. Instead, you#8217;ll outline and prepare your content for both the thesis hrm pakistan, video statement, and the cover letter, and the optional essay if you need it. Then, you#8217;ll write the cover letter (and write it again the guidelines for an paper, revision process is thesis, critical) and review and adjust your ideas for the video statement. After the cover letter and resume (and optional essay) are all done, when you submit the app, then you#8217;ll also record your video statement too. You need to know how you#8217;re going to handle it before you send it all in! This requires a concentrated approach. For the cover letter, which is another assignment that Brave Supplicants have found challenging, they#8217;ve thankfully given you BSers a break this year by expanding the max length of that cover letter by 50 words. You may not think that 50 words is dissertations online, very much but believe the #8216;Snark, 300 words is WAY more than 250. Thesis Hrm Pakistan. This is home based plan, still going to be an exceedingly challenging essay to write (mostly because it#8217;s really not an essay) however you won#8217;t have quite as tough a time as last year#8217;s crop of hrm pakistan applicants did.

Here are the choice essay multiple, full instructions for the written components these also have been greatly expanded and thesis hrm pakistan, further explained so you know what you#8217;re getting int. They are helping you significantly here! MIT Sloan seeks students whose personal characteristics demonstrate that they will make the most of the incredible opportunities at MIT, both academic and non-academic. We are on a quest to about rights in china find those whose presence will enhance the thesis hrm pakistan, experience of other students. We seek thoughtful leaders with exceptional intellectual abilities and the drive and determination to put their stamp on answer question, the world. We welcome people who are independent, authentic, and fearlessly creative — true doers. We want people who can redefine solutions to conventional problems, and strive to preempt unconventional dilemmas with cutting-edge ideas. We demand integrity and thesis, respect passion. Taking the dissertations, above into consideration, please submit a cover letter seeking a place in thesis the MIT Sloan MBA Program.

Your letter should conform to us history a standard business correspondence, include one or more examples that illustrate why you meet the thesis hrm pakistan, desired criteria above, and be addressed to Mr. Rod Garcia, Senior Director of Admissions (300 words or fewer, excluding address and salutation). Us History Dissertations. Please submit a resume that includes your employment history and academic record in reverse chronological order. Other information appropriate to a business resume is welcomed and encouraged. (no more than 1 page in length) The cover letter at hrm pakistan, MIT is actually a long-standing tradition that they resuscitated last year, after previously having it as recently as 2012 (when it was but one of product design a suite of thesis hrm pakistan essays).

Well offer you this from Twitter#8217;s Professor Snarky (no relation): Dear student: A job cover letter needs to say what they#39;ll get out of hiring you, not what you#39;ll get out of being hired. Because of the video question, which is based business plan, pretty open-ended, then the Additional Information submission for MIT has moved back to text only; it can now be up to thesis 200 words, which means you should use it as you would any other school#8217;s optional essay (meaning, only mla research paper if specifically needed to explain something that you can#8217;t otherwise explain elsewhere in thesis hrm pakistan the application, like low GPA, gaps in employment, etc.). Please note: For several years, it was highly recommended to essay about do the thesis, Additional Info submission for dissertations Sloan!! That has now changed. Thesis. You will need to answer evaluate your circumstances very carefully and see what you#8217;re conveying with the cover letter + resume + video statement! Do NOT include the Additional Info only because you think you should or you read somewhere that everyone should do it for Sloan! That advice is now outdated. If you#8217;re researching posts here on the blahg about your app strategy for MIT, please pay careful attention to the date; anything that does not say 2017 is not likely to thesis hrm pakistan be accurate with this year#8217;s application instructions. But wait!

There#8217;s more! #128578; MIT has a unique element to their process: If you get invited to product a level interview then you#8217;ll need to submit a separate essay as part of that process. The essence of this question is that they#8217;re asking for a story where you#8217;ve being successful in some capacity in your career that demonstrates how you#8217;re in thesis sync with their mission (note that as of 7/31/17 we#8217;ve been informed by a sharp-eyed BSer that it#8217;s a change to the actual prompt from what they had before): The mission of the MIT Sloan School of us history Management is to develop principled, innovative leaders who improve the world and to thesis generate ideas that advance management practice. We believe that a commitment to diversity, inclusion, equity, and well-being is a key component of both principled leadership and sound management practice. In 250 words or less, please describe how you, as a member of the MIT Sloan community, would work to create a campus that is dissertations, welcoming, inclusive and increasingly diverse. This is now in thesis hrm pakistan line with many other schools that are not just focusing on their own culture but also on how each applicant will actually contribute to it in a civil way, to foster growth and question, change productively (in contrast with the polarized politics a lot of hrm pakistan people are fostering in the #8220;real world#8221; right now). Home. This is not an easy question! There#8217;s a lot to parse here and thesis hrm pakistan, you could go in many different directions with it #8212; which is both a grand opportunity and also a very big challenge. Most people don#8217;t do so well in articulating how they feel they#8217;re a fit through this (it is NOT asking you for home plan the standard info of #8220;I want to take this course or be in thesis this club#8221; stuff that so many applicants use in other essays). Business. This one needs to be part of your full strategy.

We actually suggest you write it when you write your cover letter. Our essay guide explains why, and how). One advance tip: Often BSers start with Story A in the CL and Story B in the Mission essay, and after tearing their hair out for thesis a week or so, finally realize that the two stories should be swapped. Which is yet another reason why it#8217;s so strategic to coursework work on thesis hrm pakistan, them together. Be open to totally juggling around your ideas as you go through this. Dang, lots of changes again this year, Sloan! The recommenders#8217; requirements also have been changed! And they shifted their Round 1 deadline out till later in September, which takes the pressure off when you#8217;re scrambling to get other top schools done earlier in the month. And yes there#8217;s more! they now have two rounds for uk phd online LGO, instead of just one which was a tough process for many BSers. These are all awesome improvements; they#8217;re streamlining, clarifying, and otherwise changing for the better. Yet Sloan is still Sloan!

You will not be able to reuse anything you#8217;ve done for any other school (except for the parts that capture YOU; those parts won#8217;t need to be changed!). We have revised our MIT SnarkStrategies Guide to reflect all of this and how it impacts your strategy as a Class of 2020 MBA applicant. There#8217;s also been a number of posts on the EssaySnark blahg about the MIT Sloan cover letter and resume this year see the Snark Info on Sloan section below for thesis hrm pakistan some highlights. We also definitely recommend getting up to Boston to experience Sloan for yourself, and if not, then be sure to get in front of the adcom in one of uk phd dissertations their traveling sessions if at all possible. This really will help you quite a bit. For some additional insights into hrm pakistan MIT Sloan, we live-tweeted an MIT admissions chat in answer essay multiple question late August 2015. From @MITSloanAdcom: Common mistake is people who don#39;t follow instructions-seems like common sense but happens more often then you think. Hrm Pakistan. From @MITSloanAdcom: It can certainly be a challenge for intl student to work in the US but many of our intl grads work abroad for question US cos.

Someone asked how recent is recent for thesis essay: the choice is yours but we typically recommend that the experience be w/in the last 3 yrs. Here#39;s a good Q: Do you expect managerial experience from candidates or will demonstrated leadership experience in other roles suffice ? The @MITSloanAdcom#39;s answer: Leadership in other roles is perfectly fine. The average work experience is plan, typically 5 years. Thesis. At least they#39;re still consistent on essay about in china, this! We would prefer a one page resume. All schools do BTW. From @MITSloanAdcom: The only advice I have for interview is to print your application and think of new examples to talk about! Confirming what we#39;ve been saying for years now: From @MITSloanAdcom: I always encourage people to apply in round 1 if possible.

Pick up the 2017 MIT essay guide to learn how to approach the app! It#8217;s been completely revised for this year#8217;s requirements. Your approach for MIT must be different they evaluate your application based on specific criteria that are unique to thesis hrm pakistan them. Based Plan. If you want to hrm pakistan understand how this works, please pick up the SnarkStrategies Guide for MIT it will help you grasp what#8217;s so very unique about this school#8217;s admissions criteria, compared to other top MBA programs. MIT 2017 FULL-TIME MBA Dates and Deadlines. Regular MBA and choice question, LGO Round 1: September 25, 2017 More applicant-friendliness from MIT this year! First, they moved their Rd 1 date out hrm pakistan, so that deadlines are going to be more staggered for many of you in product September. Big win! Second, they#8217;re now letting you apply to LGO in Round 1, too! Used to be, LGO apps were due in December and there was only one deadline, and it was definitely not optimized if you were trying for thesis hrm pakistan other schools in Round 1. This is uk phd online, way better. Remember that while Rd 1 is always recommended, it is REALLY recommended at MIT based on how they manage their process.

Rd 1 interview invitations will start going out on October 5th and thesis, then come on us history dissertations, every Thursday until November 2nd, when applicants they won#8217;t be moving forward with will be released. For those being interviewed, a final decision comes in mid December like other top schools. LGO Round 2: December 4, 2017 if you#8217;re interested in LGO then this can work too but for most of you, Round 1 will be better due to timing of decisions with other schools. (LGO is thesis, a joint degree with MIT Engineering, you can find out more here .) Regular MBA Round 2: January 17, 2018 yay thank you also MIT for keeping your Round 2 date later. Us History. OMG jumping up and down you make the #8216;Snark happy on behalf of all future BSers everywhere. We expect Round 2 interview invitations will go out in waves starting February 21, with Round 2 release to thesis hrm pakistan happen on March 3. Interviews will be conducted by dissertations, the adcom in international locations from thesis February 27 to March 27. Please note that MIT had only two rounds for admission up through the 2015-2016 application cycle, so it#8217;s very possible that you could read posts from the for an paper, #8216;Snarchives that are outdated in how they talk about timing of an thesis, application strategy for this school. Essay Human In China. Always check to thesis hrm pakistan see that the information you#8217;re consuming here and elsewhere is current and applicable to the current year!

There are a lot of changes with the MIT admissions requirements! The 2017 MIT Application Guide is now available, with a full discussion of us history dissertations what to do and hrm pakistan, how to essay rights in china maximize your chances in light of the new application. For Reference: MIT#8217;s Past-Season Questions. Included in case anyone wants to see what Sloan asked before. Hrm Pakistan. Click to dissertations view last year's questions.

2016 MIT Essays EssaySnark#8217;s Analysis. They are officially going retro! MIT has restored their classic #8220;cover letter#8221; question, which was the very first form of an thesis, #8220;introduce yourself#8221; type essay that any school ever instituted. Good news: We#8217;ve got lots of experience in helping successful applicants work through this important deliverable! Cover Letter: Please submit a cover letter seeking a place in the MIT Sloan MBA Program.

Your letter should conform to a standard business correspondence and be addressed to Mr. Rod Garcia, Senior Director of Admissions. (250 words or fewer for the body of the essay about human rights in china, letter) Resume: Please submit a resume that includes your employment history and academic record in reverse chronological order. Other information appropriate to a business resume is welcomed and thesis, encouraged. (no more than 1 page in length) Thankfully they#8217;ve clarified now that the us history, 250 words is the thesis hrm pakistan, body of the cover letter only! On each of about in china these EssaySnark school essay question and info pages, we always retain our commentary from past seasons#8217; app requirements at the bottom and in the case of MIT Sloan, we#8217;re going to thesis recommend you actually go through and read all of that.

The info on last year#8217;s app can give some context into the changes that the adcom has been making. Also, to answer multiple question fill you in, the cover letter requirement was a staple of the MIT app through 2012 when it was but one of a suite of essays. This 2016 MIT Sloan MBA application is a hybrid of tried-and-true requirements that have been updated to the modern era of MBA applications. As an thesis hrm pakistan, example of the modern era, they#8217;ve again kept their #8220;Additional Information#8221; optional submission, which we actually say is not optional this is one of the for an paper, very few schools where you really do want to submit something for this: Optional Question: The Admissions Committee invites you to share additional information about yourself, in any format. If you choose a multimedia format, please host the information on a website and provide us with the URL. Please keep all videos and media limited to 2:00 minutes total in length. Please keep all written essays to 500 words or less. If hosting your submission on a website, please ensure you provide an unprotected link (no password required). Thesis Hrm Pakistan. Instead of this being a traditional #8220;optional essay#8221; which we typically suggest you DON#8217;T submit unless you have to in order to coursework explain something, in hrm pakistan this case, for MIT, we suggest you DO come up with something to us history include here particularly this year when there#8217;s only the hrm pakistan, single essay for the app. Our MIT essay guide goes into all the strategy behind this suggestion. We have revised our comprehensive MIT SnarkStrategies Guide to product design coursework reflect all of this and how it impacts your strategy as a Class of 2019 MBA applicant.

We do NOT recommend buying any previous season version of thesis hrm pakistan this school#8217;s guide; it will NOT help you with the core application and essay multiple, the details involved with this year#8217;s strategy. They#8217;ve also kept their post-interview-invite essay where they want you to thesis hrm pakistan tell a story about being successful in the context of their mission a classic #8220;culture#8221; type question: The mission of the MIT Sloan School of Management is to about human rights in china develop principled, innovative leaders who improve the world and to thesis hrm pakistan generate ideas that advance management practice. Please share with us something about your past that aligns with this mission. (250 words or fewer). Only those who are lucky enough to get invited to uk phd dissertations the interview stage will need to do this additional essay (we actually suggest you write it when you write your cover letter though! our essay guide explains why, and how). How long and in what capacity have you known the applicant? How does the applicant stand out from thesis hrm pakistan others in a similar capacity? Please give an example of the us history, applicant#8217;s impact on a person, group, or organization.

Please give a representative example of how the thesis hrm pakistan, applicant interacts with other people. Which of the business plan, applicant#8217;s personal or professional characteristics would you change? If you are an academic/technical recommender, please tell us how well the applicant mastered the hrm pakistan, subject you taught or supervised and in what ways did the applicant demonstrate this mastery. (LGO only?) Please tell us anything else you think we should know about this applicant. Our Recommender#8217;s Instruction Sets can be especially useful for this school! [end discussion of MIT#8217;s last-year questions] 2015 MIT Essays EssaySnark#8217;s Analysis. Update 3/9/16: MIT says that 5% of the class will be admitted in Round 3, but they’re discouraging international applicants due to potential visa timing issues. MIT WAS PICKY IN ROUND 1. They#8217;re clearly going for based business plan an improvement to their rankings based on thesis, a strengthening of the class profile. We expect average GMAT score to go up even further at home, MIT for the Class of thesis 2018, based on the outcomes we#8217;re seeing from them so far this season. (We did predict that, back in for an mla research May#8230;) Thankfully (. ) MIT has modified its application this year. Thesis. Their essay questions the past two cycles were straight-up awful for BSers to deal with. This year they#8217;ve gone down to based ONE main question which normally we#8217;d be rather unhappy about, except that they#8217;re also introducing a system sort of similar to HBS, where you submit a second essay if you#8217;re invited to interview. (Harvard#8217;s Post-Interview Reflection is thesis hrm pakistan, not the same, but it#8217;s the same idea: get another submission from the applicant at the interview stage.) AND while on guidelines, first glance it appeared that MIT retained the worst of the worst of hrm pakistan its essay prompts from last year (see below), actually they changed that too! All around positives.

The other big change? They#8217;re EXPANDING their admissions cycle to uk phd dissertations three rounds. For a very long time, MIT has had just two rounds yet for several years running, we#8217;ve heard that they accepted #8220;late#8221; applications after their January Round 2 date was past. So they sort of kind of let you apply after their final deadline anyway. They#8217;re now standardizing to do what every other top school does. Three Rounds. September, January, April. Cool.

The main application essay question is what we#8217;re most pleased about. Here it is: Tell us about a recent success you had: How did you accomplish this? Who else was involved? What hurdles did you encounter? What type of thesis impact did this have? (500 words or fewer). This is such a classic #8220;significant achievement#8221; question that we#8217;re practically rejoicing here in Snarkville. Choice Multiple. Such questions let applicants communicate in ways that are revealing at thesis hrm pakistan, least, provided the product coursework, applicant does a good job with the hrm pakistan, question!

The question itself is absolutely awesome: It has subparts that guide you on what to focus on, it#8217;s a reasonable length to convey what#8217;s needed, and essay about human rights, it#8217;s unambiguous. Thank you, Sloan! We have a category for hrm pakistan posts here on the blahg called #8220;essay types #8216;achievement#8217; essays#8221; which you may want to investigate if you#8217;re researching how to approach this. Our wait for choice essay question it Accomplishments Achievements App Accelerator may also be useful in hashing through your possible topics and figuring out which #8220;recent success#8221; is going to be most effective for thesis hrm pakistan you to uk phd present. What other goodness is coming from the MIT announcement? Well, they’re retaining their “Additional Information” optional submission, which we have always liked. Hrm Pakistan. Here’s the wording for that: Optional Question: The Admissions Committee invites you to share anything else you would like us to know about based, you, in any format. Good stuff already coming @MITSloanAdcom chat: It is highly recommended you also submit optional essay (tho it#39;s schoolspecific advice!) They#8217;re also introducing a post-interview-invite essay requirement which looks remarkably similar to what they asked as a main essay prompt for the past two years, except that they fixed the awkwardness of it and now they#8217;re just asking you to tell another story about thesis, being successful somehow: The mission of the MIT Sloan School of Management is to develop principled, innovative leaders who improve the world and to generate ideas that advance management practice. Please share with us something about your past that aligns with this mission. (250 words or fewer).

MIT had a near-identical question as its Essay 1 for two years and answer essay, almost entirely because of hrm pakistan that, had been recognized here in Snarkville as having the worst essay questions. This new version of the essay multiple, prompt is thesis, much better though 250 words is very short. If you are in the lucky position of being invited to interview at based business, MIT, you definitely will want to avail yourself of the benefits in thesis hrm pakistan our Sloan essay strategy guide #8212; though hopefully you will get the guidelines, guide right away so that you can benefit from the entire strategy we lay forth! As of that early May 2015 announcement of the thesis, new essay questions, their app requirements page had NOT been fully edited and updated (once again, MIT exhibits sloppiness as of this writing on 5/10/15, they have the new essay questions listed at the top but then the for an mla research paper, discussion of Letters of Recommendation talks about an #8220;essay #2#8221; which is a leftover comment from last year#8217;s app). Thesis Hrm Pakistan. We#8217;re not saying that we never have errors on design coursework a level, our site but on a school#8217;s app requirements page? Proofread, Sloan Adcom, proofread. 7/16/15 Good news! MIT continues to introduce applicant-friendly changes. We#8217;ve now discovered that they ditched the ridiculous suggestion that applicants submit a resume in Sloan#8217;s own resume format, and thesis, that the resume could be only #8220;50 lines.#8221; These restrictions were just silly, and guidelines for an, created undue stress for hrm pakistan candidates. Answer. You still should only be submitting a one-page resume (that#8217;s true for any school) but now you don#8217;t have to thesis hrm pakistan worry about a particular format for for an paper a particular school (especially when that format did not even demonstrate best practices for MBA applicants).

Thank you, Sloan Adcom, for coming around!! MIT 2015 Dates and Deadlines. MIT now has three rounds! That means: Be careful about any posts you read here on thesis hrm pakistan, the blahg about #8220;two rounds#8221; and MIT. Dissertations Online. We have discussed the implications of thesis hrm pakistan this change to three rounds in the 2015 MIT Application Guide but we have not gone back over our historical posts here on this site to based plan offer warnings or corrections what we may have said in thesis hrm pakistan the past about application strategy at MIT may not apply to this new world of a standardized admissions cycle. About Rights. Round 1: September 17, 2015 almost a week earlier than Rd 1 was last year. Traditionally this has been the most advantageous at thesis hrm pakistan, MIT but we don#8217;t know if that will hold true quite in the same way this year (Rd 1 is always recommended but it used to be REALLY recommended at MIT based on how they managed their two-round cycle; Rd 1 will still be an advantage, but it#8217;s a TBD on how big of an advantage it will be going forward at this school). Based on dissertations, a 10/7/15 announcement on the MIT blog , interview invitations this year will work the same as they did last year in Round 1: They#8217;ll start going out in mid-October, through the thesis, #8220;week of November 9th#8221; (not sure why they can#8217;t name the business plan, actual day?). Thesis. That#8217;s when the Round 1 #8220;release from consideration#8221; happens, which is a nice way to say #8220;no#8221; to you if they#8217;re not interested. Online. For those being interviewed, a final decision comes in mid December like other top schools.

Round 2: January 14, 2016 . This jives with what happened last season, which actually was not what was originally planned. They had set Round 2 to be January 8, 2015, but then at thesis, the last minute, it was EXTENDED TO JANUARY 13th. Round 2 is always viable at MIT. Round 2 interview invitations will going out the week of February 15th (same as last year), with Round 2 release to for an mla research happen somewhere around March 1st. Round 3 THIS IS NEW: April 11, 2016.

We don#8217;t generally post Round 3 deadlines here on hrm pakistan, the blahg because it#8217;s typically near-impossible to get in then. Home Based Plan. HOWEVER: Since Round 3 is thesis, NEW at MIT, then we can only us history expect that they have modified their internal admissions processes to leave spots open for candidates at that stage. We still believe it will be difficult to get in on a Round 3 app but in this case, it may not be quite so difficult as it would be elsewhere. YMMV. Thesis Hrm Pakistan. Whew! That#8217;s a lot of change! If you want to us history understand how this works, please pick up the SnarkStrategies Guide for MIT (2015 version) it will help you grasp what#8217;s so very unique about thesis hrm pakistan, this school#8217;s admissions criteria, compared to us history other top MBA programs. And of course, you get a full discussion of the impact of the changes with the addition of Round 3 and everything else. The 2015 guide was totally overhauled from 2014; this is not an edit or refresh, it#8217;s a completely new book! [end discussion of MIT#8217;s 2015 questions] Click to view 2014 questions.

2014 MIT Essays EssaySnark#8217;s Analysis. Thesis. Here#8217;s what we said when the 2014 questions came out#8230; remember this analysis is from a previous year. The mission of the MIT Sloan School of Management is to develop principled, innovative leaders who improve the world and to based business plan generate ideas that advance management practice. Thesis. Discuss how you will contribute toward advancing the mission based on examples of guidelines past work and activities. (500 words or fewer) Write a professional letter of thesis hrm pakistan recommendation on behalf of yourself. Answer the following questions as if you were your most recent supervisor recommending yourself for admission to the MIT Sloan MBA Program: (750 words or fewer) How long and in what capacity have you known the applicant? Really, MIT? REALLY. How does the applicant stand out from others in for an mla research a similar capacity? Please give an example of the applicant#8217;s impact on a person, group, or organization. Please give a representative example of how the applicant interacts with other people. Which of the applicant#8217;s personal or professional characteristics would you change?

Please tell us anything else you think we should know about this applicant. At least they kept the Optional Information thing (see the 2013 Questions section below on that; we recommend everyone submit something). They also kept essentially the thesis hrm pakistan, same deadlines as they had in 2013. [end discussion of product design a level MIT#8217;s 2014 questions] Click to thesis hrm pakistan view 2013 questions. 2013 Essays EssaySnark#8217;s Analysis. Here#8217;s what we said when the 2013 questions came out. Wow! No cover letter. [They had this cover-letter thing as part of their app for YEARS. Decades, maybe. They ditched it in 2013.] They really switched things up! Bschool admissions peeps seem to be in a contest to do more things differently in home based business plan 2013. Hrm Pakistan. Here#8217;s the Sloan 2013 essay questions: The mission of the MIT Sloan School of Management is to develop principled, innovative leaders who improve the world and generate ideas that advance management practice.

Discuss how you will contribute toward advancing the mission based on examples of past work and activities. (500 words/one page max) Describe a time [within the last three years] when you pushed yourself beyond your comfort zone. (500 words/one page max) Optional Question: The Admissions Committee invites you to essay about in china share anything else you would like us to know about you, in any format. First note: ESSAY 1 IS HARD. Second note: While most every school allows an #8220;optional essay#8221;, in most cases, we advise to only write it when you have something important to explain that you can#8217;t cover elsewhere in the app (typically a gap in employment, not getting a rec from a current supervisor, what happened during college and thesis, that low GPA, etc.). For MIT, we recommend that EVERYONE submit the #8220;Optional Question#8221; and in particular that you do so using a non-written format if possible e.g., video or something snappy. Note though: They don#8217;t allow uploads. It must be posted somewhere on the web, but not behind a password (no protected Dropbox links); and product coursework, no Flash.

We talk about hrm pakistan, all this in the Sloan SnarkStrategies Guide which has been totally revamped to help you with these very unique essay challenges. [end discussion of 2013 questions] Click to view 2012 questions. A cover letter and two essays: Please prepare a cover letter (up to 500 words) seeking a place in the MIT Sloan MBA program. Your letter should describe your accomplishments, address any extenuating circumstances that may apply to your application, and conform to standard business correspondence. Your letter should be addressed to Mr. Rod Garcia, Senior Director of Admissions. Essay 1: Please describe a time when you had to design coursework convince a person or a group of thesis hrm pakistan your idea. Essay 2: Please describe a time when you overcame a personal setback. [end discussion of 2012 questions]

MIT Links, Important App Info, and Some Snark. official school pages: EssaySnark#8217;s posts on MIT: We haven#8217;t reviewed too many MIT essays on the blahg, however there#8217;s plenty of other schools with similar-enough questions that we have covered: We go into great detail in rights in china the Sloan essay guide on thesis, how to handle the questions that this school asks. Start there. Then, if you want an MIT essay reviewed for free! on answer multiple question, the blahg, try sending it over! If you#8217;re looking for hrm pakistan personalized and private help, then our standard Essay Decimator is product coursework, ideal (we strongly suggest writing BOTH ESSAYS together at once; that way, you can get your entire pitch critiqued, and you#8217;ll be ahead of the game when it#8217;s time for that interview invite to come along!). 2017 MBA Application Strategy Guides. The 2017 Darden MBA Application Guide - rewritten almost from scratch to help you with the 2017 app!

The 2017 Michigan Ross Essay Guide - totally new to help you with the nine short-answer options and your career goals! The 2017 MIT Essay Guide with brand-new material on hrm pakistan, the cover letter and guidelines for an, the 'introduce yourself' video. The 2017 Duke Essay Guide - covers the 25 Random Things essay and all the hrm pakistan, rest too! The 2017 Harvard MBA Application Guide - refreshed with new details and strategies for coursework your Class of 2020 app. Brave Supplicants' latest reviews on The 'Snark. I think that the reviewer raised a lot of good points, but a) three pages of feedback on thesis, a 250 word . As a re-applicant, I knew I needed considerable improvement to my pitch in order to maximize my . What were we snarking about at this time in past years? 2016 : Round 2 Countdown has started 2016 : Being prepared for your MBA interview 2016 : ($) If you get fired, do you need to tell the design coursework, adcom? 2016 : Good luck for HBS applicants!

2015 : ($) The wanderer wants to use bschool to find a new path. Thesis. 2014 : Did you just discover EssaySnark? 2013 : Success Story! A Journey to the Center of uk phd online America: A Saga (Part 2: The First Year) 2013 : More on thesis, visiting schools 2012 : ($) What about essay rights, a lower-ranked program? (No, lower than that) 2011 : essay critique: Columbia essay 2 life experience EssaySnark® is a registered trademark. All content copyright 2010-2017 Snarkolicious Press · Privacy Policy.

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Business Plans: Writing Guides, Downloadable Templates, and Samples. Updated February 15, 2017 by Legal Templates. 1. Free Business Plan Template Download. Are you an entrepreneur looking to download a free business plan? If so, you have come to the right place. Legal Templates is happy to provide you with a hassle-free document downloads. Click the home based plan buttons below to download (1) a blank document, and (2) a document that is filled in for thesis hrm pakistan, you to essay in china, reference. Related Business Documents: Click to View. What’s included in the blank template:

In the first download, you will find documents with all of the chapters, section titles, and section subtitles that you will need to successfully complete your plan. Our first plan contains the hrm pakistan 8 chapters of answer essay a basic business plan including: Chapter 1: Executive Summary: The executive summary provides investors with a general layout of your company. Thesis! This chapter is essentially your hook to convince potential financiers that your model is worthy of their investment. Chapter 2: Company and Financing: In this chapter, the us history goal is to outline the legal and operational structure of thesis your company, financing requirements, the history behind the company, mission statement and the management team. If you are forming a corporation, be sure to include your Articles of Incorporation here. Product Design A Level! Chapter 3: Products and thesis hrm pakistan, Services: This section describes what products and/or services your business will sell (now and in the future), and how you will build, assemble and deliver them. It also offers a comparison of your company and your direct and product design a level, indirect competitors. Chapter 4: Customers and Market Analysis: The customers and thesis, market analysis page indicates your target customer segments, what needs you are filling for them , and home business, the latest trends among these consumers in terms of growth and behavior. Chapter 5: Marketing and Sales: The marketing and sales chapter allows you to describe how you will sell your product/service. Hrm Pakistan! Particularly what are your company’s strategies for positioning, pricing, promotion and distribution.

Chapter 6: Strategy and Implementation: This chapter will give you an dissertations opportunity to set the key milestones that help establish a timeline of progress towards your goals. Additionally, it includes subsections like SWOT analysis, competitive edge, and thesis hrm pakistan, strategic alliances. Chapters 7 + 8: Financial Plan, Sales Forecast, Financial Statements: In the based business final two chapters, entrepreneurs must define and calculate the financial variables that will go into the creation/expansion of your idea, including its expenses, your anticipated sales forecast, personnel plan, cash flow assumptions, and more. If you are purchasing an existing company, you should also include the business purchase agreement in your plan. What’s included in the template with sample text: In the second download, we give you a completed ice cream shop plan to reference. Hrm Pakistan! Each section gives an product design example of what you should write. Thesis! Our guide also includes example graphs and dissertations, charts, so that you are aware of the types of thesis hrm pakistan financial calculations, plans, and forecasts that a plan should offer to based business plan, attract investment. For guidance on hrm pakistan what you should include in guidelines for an mla research your plan, and why, please reference our How to Write a Business Plan set of articles below.

Downloading this small business plan comes at no cost, so feel free to start your download and get started. However, you should be aware that there are some pros and cons to using free business templates, rather than using professional software or an experienced writer. Writing a business plan is a prerequisite to thesis hrm pakistan, your company’s success. A solid plan is necessary to help found your company and ensure that your goals remain on track over time. Answer Choice Essay Question! Your plan can and will change as you encounter the unpredictable variables that come with starting your own company. If you have an existing company, crafting a solid plan is equally important if you’re hoping to attract investment and hrm pakistan, expand your company beyond the limits you’ve already reached. Your business strategy should account for the next 3-5 years in advance, and cover every aspect of about human in china your industry, including the thesis hrm pakistan critical relation between marketing and human rights in china, sales to your company’s finances. Your plan should include the following sections before you submit it to investors. Click each accordion to read a how-to guide for each chapter: “How to Write a Business Plan” Table of thesis Contents: How to Write the Executive Summary.

The executive summary contains all of the essential information about what makes your business strong and worthy of investment . It covers the major highlights of the rest of your plan’s chapters. The goal is to uk phd, briefly tell your reader what your company will do, where you want to take it, and why your business idea will be successful. If you are seeking financing, the executive summary is your first opportunity to grab a potential investor’s interest. The executive summary will be the first chapter of your business plan, though it’s actually the thesis last section that you should write . First, you’ll need to do heavy research to ensure that your plan is sound before you can write the executive summary. This section will be different depending on if you are an established business or a new startup. A startup company’s executive summary will need to be interesting and convincing to capture the attention of investors. Your company will lack the historical data and trends that existing companies are able to provide, but there are strategies to mitigate these factors. First, you’ll need to briefly explain who you are, the us history dissertations background of hrm pakistan your management team, and your reasoning behind starting a business in your chosen niche. Secondly, you’ll need to demonstrate that you’ve done quality research that supports how you’ve conceptualized your business. Investors know that talk is cheap – do you have the data and analysis to dissertations online, back up your claims?

Even in a standard plan, the executive summary for hrm pakistan, an existing business has no set template, although there are several suggested guidelines that you can find around the web. We suggest the following basic template – feel free to add or subtract sections according to us history dissertations, your own needs: Summary Management Team Products and Services Customers Marketing and Sales Financial Forecast Financing Requirements (optional) Describe the purpose of the plan (e.g.; to hrm pakistan, raise a specific amount of debt financing to expand a store location) as well an overview of the company (name, location, company type, products sold, founder(s) and founding date). Describe the key milestones or objectives that you want to achieve with this business (these are the tangible results in which you use to prove success of the us history dissertations venture). This statement should be concise and to thesis, the point. Summarize the members of the management team, including highlights of their expertise and experience . Describe how each member contributes to the success of the organization. Keep this section brief, as you will go into more detail in the Products and Services section. Products and Services. Describe the products and business plan, services you are providing and who the competitors are within the thesis hrm pakistan industry . Keep this section brief, as you will go into answer choice multiple question, more detail in the Products and Services section. Describe whom your customer groups are and whom your key customers are , as well as how you will market to them.

Keep this section brief, as you will go into thesis, more detail in the Market section. Describe briefly how you will market your product or service. Summarize the major points in the Marketing and Sales chapter, which may include market positioning, pricing, promotion, and distribution. Summarize the home based most important points from the Financial Plan section here. This should include your sales forecasts and projected expenses as well as the logic behind the projections. If you are a new company, describe when you expect to thesis, turn a profit . If you are an existing company, highlight past financial performance. 7. Financing Requirements (Optional)

Summarize the amount of equity and/or debt financing that you are seeking, when you need it, the human use of the funds, and when you expect to reach your next milestone event and/or start paying back the hrm pakistan loan. Keep this at an overview level , as you will go into for an mla research, more detail later on in other chapters. Note: This is a complex question that you cannot answer until you complete your plan, so it is highly recommended you work your way through the entire writing process first . Thesis Hrm Pakistan! In particular, complete the financial planning process before attacking this section. Only then will you be able to identify the amount of us history money you will need to raise. With these sections fleshed out, you’ve finished your executive summary. How to Write the Company and Financing Chapter.

The company and finance section of thesis hrm pakistan your plan is important, because introducing the management team is critical for both start-ups and established companies alike. Investors will use this information to gauge the future likelihood of success. Company and Financing Sections. Company Overview Management Team Required Funds (optional) Exit Strategy (optional) Mission Statement (optional) Company History (optional) Location and Facilities (optional) There are many variations and approaches on how to lay out the various components of a business plan. Coursework! Our approach for the company overview section is to thesis, provide the reader with the company’s legal information, address and a brief description of the company’s history. Since there are follow up sections in this chapter that over go the company’s location and history in more detail, you will want to keep this short (2-3 sentences). A BRIEF PRIMER ON COMPANY TYPES. The optimal company type is best determined by a credible Attorney.

The primer below is answer essay meant only to explain the broad differences between the most common company types. A sole proprietorship, according to the IRS: “A sole proprietor is someone who owns an unincorporated business by him or herself.” While the most simple to set up and the most common, there is a significant drawback: you will be personally liable for any obligations. So for hrm pakistan, example, if you sell someone a cupcake and they sue you because they found a hair in it, and you lose in choice essay multiple court, the creditors can legally go after your personal possessions – such as the roof over your head. A partnership, according to the IRS: “A partnership is the relationship existing between two or more persons who join to carry on a trade or business. Each person contributes money, property, labor or skill, and expects to hrm pakistan, share in the profits and answer choice, losses of the company.” A partnership has certain advantages compared to a LLC, such as not needing to file formation documents when setting up a partnership, and hrm pakistan, not needing to file dissolution documents if dissolving the answer choice partnership.

However, similar to sole proprietorships, partners in a partnership have unlimited liability for the company’s debts and liabilities. Limited Liability Partnerships (LLPs) LLPs are different from traditional partnerships in that there are two classes of partners: (1) General partners that have full management and thesis, control but also full personal liability and (2) Limited partners that have no personal liability beyond their investment in the partnership interest. Limited partners are often times “silent partners” that wish to invest in the venture but limit their exposure to liability. A corporation is home a separate legal entity owned by shareholders. A corporation is commonplace for businesses that anticipate seeking venture capital financing. The downside to a corporation is the thesis problem of guidelines for an “double taxation” since the corporation’s profits is taxed at the corporate level, and then any dividends distributed to shareholders are then taxed again at the personal level. You can elect a special tax status with the IRS to have your corporation not be taxed at the corporate level (instead, it would be taxed as a pass-through entity). Some of the hrm pakistan drawbacks include not being able to essay multiple, have more than 100 shareholders , and not being able to have non-US citizens/residents. A popular choice among many small businesses , a LLC limits the member’s personal liability and thesis, only taxes profits at us history the individual level (acts as a pass-through entity).

Describe the thesis hrm pakistan type of company you plan to open, along with the registered name you plan to use. Explain your rationale – for example, if you are starting a company where you plan on seeking venture capital financing, then you will want to plan, start a C-Corporation as majority of hrm pakistan VCs will insist on this legal structure. If you have a home office/no dedicated business address. Include your current office setup and about rights, your future office plans once your company expands, if applicable. For start-ups, and especially those seeking financing, the Management Team section is thesis hrm pakistan especially critical. With the lack of history, there is little investors can go by to gauge the future success of a venture. The question lenders and investors will ask: Why should we trust your team with our money? You must demonstrate your team’s ability to execute on the stated goals. To accomplish this, you should highlight: Background of each member of the uk phd online management team (education, relevant work experience, etc.) Roles and hrm pakistan, responsibilities within the company.

Tip: Don’t include details about members of the Management Team that are not relevant to the reader. Everything presented should reinforce why your team is the for an mla research right team to execute on hrm pakistan the company’s vision. If you have an established business the information you want to present is the same. Keep in design coursework a level mind, however, that you also want to demonstrate that your team has the capability to thesis hrm pakistan, manage growth of the company. Human Rights In China! As a company grows from start-up to established business, the management team must also change. They must be able to thesis, manage employees, institute standardized systems, and ensure the business’s ability to scale operations while keeping profitability stable. If you already have a Board of Directors and/or Advisory Board, list these individuals and product, a brief description. In a publically trading company the thesis hrm pakistan Board of Directors is elected by the shareholders and is the for an paper highest authority in the management of the company. For our purposes (context of a private company that is hrm pakistan most likely a startup or small but growing business), a Board of essay about Directors is comprised of investor(s), founder(s), CEO and independent board member(s) who have substantial business and industry experience. A Board of Director’s typical responsibility is to set broad policies for the company, determine compensation for company management, and hrm pakistan, approve annual budgets. An advisory board is dissertations a group of business leaders that can help guide your company and provides it with assistance when needed.

Choose individuals with knowledge in your industry and are willing to play a role in your company . While some advisors are compensated, it comes down to a case-by-case basis, frequently depending on how much time the member is committed to your company. Tips on building your Advisory Board: Choose a well-respected and well-known individual as the first member of your Advisory Board. Hrm Pakistan! This will help you to recruit other members of the Board. Choose individuals that have strengths and answer choice multiple question, relationships your business will need. As your business evolves, so will the members of your Advisory Board. Feel free to thesis, shake up the line up over time.

In this section you will tell the reader how much money you need to answer question, raise, what you are going to use it for, and how you got to the requested amount. Important note: This is thesis a complex question that you cannot answer until you complete your plan, so it is highly recommended you work your way through the entire writing process and in particular, complete the financial planning process. Answer Essay Multiple Question! Only then will you be able to identify the amount of money you will need to raise. There are two primary financing options: equity and debt. The primary difference between equity and debt financing is that debt financing is essentially a loan that is backed by your assets or via a personal guarantee. Thesis Hrm Pakistan! If your company is already in existence and has trading history, then you may also secure a loan off of your receivables.

In contrast, equity financing is essentially you exchanging a stake in your company for uk phd dissertations online, a specific sum of money from an investor . Hrm Pakistan! Therefore, the amount you are able to raise from mla research paper, investors comes down to thesis, how much they value your company. Answer! There are three fundamental questions every savvy investor will ask you: Cool idea, how do you make money with it? How much money do you need, and why and thesis, when? What do you think your company is us history dissertations worth? If you are seeking financing (regardless of thesis its equity or debt), that most likely means that your financial model shows your company taking a loss in the initial stages, followed by break-even and subsequent profitability. Product Design A Level! The money you are seeking to thesis hrm pakistan, raise will simply allow you to have enough cash to essay multiple, cover the initial period where you will be taking a loss so that you can eventually make a profit. This is hrm pakistan a simplification; you may be raising money to further grow your company, which may already be profitable. Or you might use the financing to get your product to the next stage in its product development lifecycle (i.e.; milestone event).

But the general concept is the same; the investment you are seeking bolsters your company’s cash position , allowing it to design coursework a level, grow revenue and/or profitability. Cool idea, how do you make money with it? / How much money do you need, and why and when? The financial statements provide the answer to hrm pakistan, the first two questions (which is why we recommend you complete your plan first). To answer how much money you need, analyze the paper cash flow statement to determine the cumulative cash flow. The lowest point on this curve will tell you what your maximum financing needs are , and at what point in thesis time. What do you think your company is worth? The third question is essay question much harder to answer, especially for thesis hrm pakistan, a new company. Rights In China! At the end of the day it really comes down to what an thesis hrm pakistan investor thinks your company is worth (which is more art than science). However, there are three popular methods of valuing a company that can help you come up with a valuation to facilitate the negotiation. Cost approach (asset based approach)

The cost approach seeks to determine a company’s value by analyzing the market value of its assets. In other words, in this approach the essay rights in china company is worth the sum of all its assets if they were to be liquidated . This approach may be appropriate for thesis hrm pakistan, some industries such as real estate where the asset value may actually be worth more than the going concern value (present value of future cash flows generated by the asset). However, for many companies the value of its branding and reputation, along with its ability to generate profits, will exceed the value of product its assets. The market approach seeks to determine a company’s value by analyzing recent sales of similar assets, with the theory that valuations of hrm pakistan similar companies can serve as a good proxy. Guidelines Mla Research Paper! This is a common approach in the real estate industry. The income approach seeks to determine a company’s value by using its expected profit over time and then placing a value on that future stream of income in today’s terms . Since there is inherent uncertainty with a future stream of hrm pakistan income, there are numerous ways to product coursework, discount that expected income to thesis hrm pakistan, account for risk. Now you have all the pieces to complete the equation. You have the amount of money you need by essay human in china, looking at cumulative cash flow. You also have an idea of how much money your company will be worth.

Equation to thesis, determine how much equity you should offer: Equity to offer = Company Valuation / Money needed. If raising debt, you are not exchanging equity for cash. Instead, you should focus on the loan’s interest rate and payment schedule. Make sure you will be turning a profit that is both large enough and soon enough to ensure there is no delinquency on servicing the loan. For equity financing, answer the following:

Investment amount needed When you need it How much time it will buy you / When you expect to product, turn a profit or get to the next milestone event % of equity offered and at what company valuation (you may wish to thesis hrm pakistan, keep exact figures vague in order to further negotiate) Exit strategy. For debt financing, answer the following: Loan amount needed When you need it When you will be able to pay back the loan The amount and frequency of choice essay multiple loan payments. In addition to thesis hrm pakistan, the information above, you should also summarize how you plan to based, use the thesis funds. The level of human detail should be at a high level ; if the investor or lender wants to see expenses in more detail that will be available in the Appendix within the Profit/Loss statement. Construction of new kitchen: Kitchen remodeling, March 1, 2014, $25,000 Kitchen hardware, April 1, 2014, $50,000 Total Loan Amount: $75,000. If based on your financial model you anticipate relatively small yet variable expenses month to hrm pakistan, month, a line of credit may be a good choice. With a line of credit you draw upon product coursework, it when you require the funds and hrm pakistan, pay interest immediately on a level the money as it is borrowed. It works very similarly to a credit card in thesis that you typically have a pre-set limit to how much you can borrow, the major exception that since you may be able to secure the home based plan line of credit with assets, you may be able to hrm pakistan, get better terms.

In the essay about in china Quick Start Guide we briefly went over hrm pakistan, the different strategies available and how thinking about your company’s eventual exit will help shape your business model. It’s recommended you review the mla research paper Quick Start guide and practice that exercise. Depending on your company, there are various exit strategies available, including: Selling your business Passing it down through the family Taking the company public (IPO) Liquidation. If you are seeking equity financing, then your investors will pay close attention to this section. Angel investors and VCs demand a large return on their investment since they are taking a large risk by investing into your company. Therefore, you need to include detailed information on how you intend to sell the company or take it public. Demonstrating a large market opportunity. If investors are going to thesis hrm pakistan, take a big risk, they demand a big return.

You need to demonstrate your business has the potential to either take substantial market share from an incumbent competitor, or create a new market. Investors like to be in hot, growing industries such as biotechnology, mobile e-commerce and healthcare. These are all industries that have huge upside growth potential and ones that investors are more inclined to invest in. Solving a larger company’s problem. If your exit strategy is to sell your company to essay, a larger company, then identify how your company’s product solves that larger company’s stated problems and/or goals. For example, Apple’s mapping software is hrm pakistan playing catch-up to Google Maps. If your company can help Apple improve its software, your company would become an attractive acquisition target. The mission statement reflects the core purpose and vision of the essay company. It’s a statement your employees and thesis hrm pakistan, customers can get behind. Some tips on writing a well-crafted mission statement: Keep it short.

1-2 sentences max. Don’t use “fluff” words. Make the statement mean something. A mission statement, if done well, should encapsulate both what the company does (what it sells) as well as the culture/vision/purpose. Examples of Fortune 500 firms that really get it right:

A. BRISTOL-MYERS SQUIBB COMPANY (PHARMACEUTICALS) Mission Statement: “To discover, develop and deliver innovative medicines that help patients prevail over serious diseases.” Why it’s great: The keywords “discover, develop and deliver” demonstrate the company’s capability to in delivering an for an mla research end-to-end solution. By using the words “innovate” and “prevail over serious diseases” it serves as a rallying call for their thousands of employees that what they are doing is (1) cutting edge and (2) has a higher purpose then themselves. Mission statement: “ We will be the easiest pharmacy retailer for customers to use.” Why it’s great: In one short sentence, the hrm pakistan company has managed to guidelines for an mla research, (1) describe what it sells (2) how it will win in the marketplace. It is hrm pakistan a pharmacy retailer and it will solely focus on making itself easier for dissertations, the customer to use (that could mean so many things, such as innovating online to fulfill prescriptions to thesis, improved customer service within their stores).

Example of poorly written mission statements. A. FORTUNE 500 FOOD AND BEVERAGE COMPANY. Mission statement: “ The Company’s primary objective is to maximize long-term stockholder value, while adhering to answer choice multiple question, the laws of the jurisdictions in thesis hrm pakistan which it operates and at product coursework all times observing the highest ethical standards.” Why it’s horrible: It does not serve as a rallying call for employees, suppliers, or partners. Its objectives are obvious (what company does not want to maximize value) and borderline absurd (are there companies that do not want to adhere to local and federal laws)? Lastly, it does not mention what the thesis hrm pakistan company actually does. B. FORTUNE 500 VEHICLE PARTS SUPPLIER. Mission Statement: “ We are committed to attracting, developing, and about human, keeping a diverse work force that reflects the nature of hrm pakistan our global business.” Why its horrible: While a diverse workforce is certainly not a bad thing, only stating that as the company’s mission statement is ineffective, lacks direction or focus, and design, completely misses the point of having a mission statement. This is predominately for businesses that have previous trading history, but can also be used by new companies that want to thesis hrm pakistan, highlight relevant history on how the company came to existence, work completed to date, milestones achieved, etc.

Some information you may want to dissertations, include: Start date First location First product/service Significant milestones/events. Reminder: keep in mind that there is no set rule as to the level of detail you want to include. This is thesis dictated by the relevancy of the information to the reader and how this information helps strengthen your plan’s ability to build credibility for home based, your company. Every company is made of milestones. Milestones for a business are achievements that demonstrate the business is on the right track. They are best when quantifiable and thesis hrm pakistan, measureable. For example, achieving a working prototype of your product, or getting to break-even, are both huge milestones that showcase your ability to execute and reduces subsequent risk of your company. Key concept: The more uncertainty that you can take off from the table, the better valuation you can get for your business.

For businesses that have a retail or manufacturing component, this is an important section of your plan. Information you may want to include: Size (e.g.; in sq. Based Business! ft.) Location/Address Other notable facts, such as equipment at thesis hrm pakistan the facility. Location is choice essay multiple important for a large number of retail businesses, whether you are a restaurant or purveyor of consumer products. If possible, provide statistics about the retail location you have chosen or are planning to thesis hrm pakistan, choose. Answer! Describe the lease terms you are able to hrm pakistan, secure, and home, if there are any laws that protect the lessee from unreasonable price increases.

You can read a detailed article about what to look for in a lease agreement here. Provide detailed information on the manufacturing facilities. Thesis Hrm Pakistan! For example, your operation may require a reliable source of dissertations electricity and water. Describe how the hrm pakistan facility provides the business with these resources. Business Plan! If the facility is pre-existing equipment or structures that can be leveraged, make mention of thesis that. Location can be an important aspect of your business even if you are not in retail or manufacturing. For example, you might want to open your software company in Silicon Valley as that provides a competitive advantage from an employee recruitment and fundraising perspective.

If you operate out of a home office. Describe your future expansion plans, including expected date of expansion. Upon completing these sections, you will then be finished with the company and financing section of your business plan. Writing the Products and Services Chapter. The products and services chapter of your business plan should be written clearly and descriptively, to help give investors a comprehensive understanding of the bread and butter of your business. Your products and services section should include the product coursework a level following sections. Products and Services Chapter Sections. Products and Services Competitors Sourcing and Fulfillment (optional) Technology (optional) Intellectual Property (optional) Future Products and Services (optional) Your products and services are the hrm pakistan lifeblood of uk phd your business – it’s what your customers need, and if you get this right, everything else will follow . Commonly referred to as “product lift”, which essentially means getting the secret sauce working. It means that customers want to thesis hrm pakistan, buy your product/service, and answer choice essay, you are filling a need that was previously not satisfied. Thinking in terms of benefits vs. features.

What is the consumer really buying? For example, a person buying a Rolex watch is thesis not only buying a device to tell time, but the prestige and status that comes with a luxury product. Think about what end benefit your product/service delivers. Of course, the functional aspects of your product/service are also important. Depending on what you are going to sell, think through the features it will provide, packaging, design, branding, quality, and other aspects that help position and/or differentiate it from competing products/services.

You may have heard the essay about human rights business adage that acquiring a new customer is indefinitely more expensive then keeping an existing customer. One of the reasons this is true is the hrm pakistan potential to guidelines for an mla research, sell additional add-ons, upgrades and substitute products/services to existing customers . Think about how you can drive incremental revenue. Whether it’s via subscriptions, repeat business, or annual contracts, you may be providing products/services that generate a recurring revenue stream. This is a good thing, because (1) your revenue can be more predictable and stable (2) you are maximizing earning potential . Think how you can generate recurring revenue, which is expressed with a metric called Lifetime Value per customer. You will complete the thesis price you want to set your products/services in the Financial Plan chapter, and we also have a section for product design, you to describe your pricing strategy; however it is advisable to start thinking about thesis how you want to home based business plan, price your products/services. Competitive analysis is an extremely useful tool and one that should be revisited often as the competitive landscape changes over hrm pakistan, time. It starts with competitive analysis. Background (location, history, ownership) Financials (revenue, profitability) Products (product line, services, patents, licenses) Marketing (channels used and budget, pricing, alliances/affiliates) Personnel (headcount, notable executives, compensation, job openings) Market share Strengths, Weaknesses.

Tips on how to perform competitive analysis. The Internet makes this much easier then in days past. Some ideas: Google search using keywords that your customers would use to find you Look up industry association websites Look up directories such as Yahoo or Crunchbase Use Indeed.com to human, find your competitor’s job openings Competitor’s websites Find your competitor’s management team members on LinkedIn. Not only do you have to worry about current competitors you can see, but you have to be vigilant and be on the lookout for hrm pakistan, new entrants. For example, a company that already sells to your customer base may see your industry as a logical next step. You should consider the likelihood of new entrants high if: The industry sees high margins (its super profitable) There is unmet demand (more customers then suppliers) There are no major barriers to entry (does not take much to start competing) There is future growth potential (such as mobile apps) Much of this is common sense – if you see a market opportunity that no one is competing in product a level yet, don’t expect that you will be alone for long. Sourcing is simply the process of procuring goods and hrm pakistan, services from suppliers that are required for online, your company to make its products or deliver its service. Some things to consider when choosing and managing your suppliers:

Cost: This is an obvious one – the lower the price, the higher your profit margins will be. Payment terms: The longer you have to pay your suppliers, the more working capital you have on hand. Reliability: You must consider how reliable your suppliers are and what would happen to your ability to operate if they cannot deliver. Scalability: As your business expands, will your suppliers be able to meet your needs? Fulfillment is simply the thesis hrm pakistan process of how your company delivers its products/services, from based business, point of sale to delivery. There are several popular fulfillment options: Engineer to order: the thesis hrm pakistan product is designed and built to customer specifications (e.g.; large construction projects) Build to order: the product product’s design is standardized but manufacture of final product is based off of customer specifications (e.g.; aircraft and yachts) Assemble to order: the product is assembled to the customer’s specifications using pre-fabricated components (e.g.; Chipotles burritos, Dell computers) Make to stock: the product is manufactured in quantity based on expected sales of the product (e.g.; retailers) If you are going to be selling physical products and expect to hold inventory, then you should pay very close attention to how you forecast the amount of inventory you need to meet your projected sales. Too little inventory and you may not be able to meet demand. Too much inventory and hrm pakistan, you tie up all of your cash on excess inventory.

Some key points: Have accurate sales forecasts. Use historical sales data if you have it, and make sure you account for seasonality. Have accurate inventory tracking. Answer Multiple Question! Use bar code scanning or equivalent to ensure there are no data entry errors. Utilize inventory management software. QuickBooks, Sage, and a plethora of other vendors provide a cloud-based solution for you to manage and thesis hrm pakistan, maximize your inventory levels. Technology in today’s business environment is becoming more and more important and serves as a source of guidelines for an paper competitive advantage.

Take Wal-Mart or FedEx as two examples of companies that provide services (low-cost products and shipping), but utilize technology as a critical means of delivering those services. Wal-Mart uses a sophisticated supply chain management IT system to ensure its low prices. FedEx uses technology to optimize delivery routes and times, which enables it to thesis, ship to practically every corner of the globe, seamlessly and with very low error rates. Think about how technology plays a part in product design coursework your business and if it is critical to your business operations. If technology is critical to your business operations, then you must think about hrm pakistan your disaster preparedness and contingency planning . Uk Phd Dissertations! Depending on your business, you may want to create back-up copies of data and software, routine security checks, and securing physical assets. What would happen if you lost access to the technology? Think about alternatives that you could utilize. For example, if you license a piece of software and hrm pakistan, later down the road decide that the cost is too high, is there a competitor who can license you an alternative? If you have exclusive rights to a technology, either through a patent or through an dissertations exclusive license agreement, this is a great competitive advantage and one that you will want to describe in detail. There are two types of intellectual property that may be applicable to a business: industrial property (such as patents and trademarks), and copyright (such as novels and hrm pakistan, movies). If you have intellectual property that you want to protect, it is us history dissertations advisable that you seek the professional advice of a good Patent/IP Attorney , since this is a great way to provide a barrier to entry for thesis, your business.

Intellectual property type 1: Industry property. These include inventions (patents), trademarks and answer choice essay, industrial designs (trade secrets, trade dress). Thesis Hrm Pakistan! If you have any proprietary process or technology then it is recommended that you apply for a patent to protect your invention. You should apply for a trademark for your company name and logo as well. Intellectual property type 2: copyright. These include literary and artistic works such as novels, poems and plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and home business plan, architectural designs. In 2011, counterfeit copyrighted and trademarked goods were a $600 billion dollar industry worldwide.

Enforcing your intellectual property may be feasible from thesis hrm pakistan, a legal point of business plan view, but many times is not practical in practice. For example, Microsoft cannot possibly prosecute every single instance where its popular operating systems are copied and downloaded. IP and thesis, your employees and contractors. It is just as important to secure your intellectual property in relation to design coursework, your employees and contractors. Everyone should be required to sign an hrm pakistan invention assignment agreement, which basically states that the company owns all works produced while contracted by the company. In addition, you may consider handing out serialized notebooks for employees to use , so that if there is ever a conflict as to whom owns a piece of intellectual property, there is a physical record. If you have future products and services planned, it is a good idea to describe the product roadmap and guidelines mla research, strategy behind it . A key concept is that of product lifecycle, which describes the stages of the life of a product.

During this phase, your product will incur heavy promotional costs as you get the word out. Thesis Hrm Pakistan! You may discount the price of the product to encourage new customers. During this phase, you may focus on expanding your product to new segments in the marketplace, and expand the product line (for example, with new colors or other variations). During this phase, you are enjoying the fruits of your labor. You may add new features to your product to dissertations, stay competitive and to further differentiate your product from competitors. Marketing spend for your product starts to dissipate as sales of your product are in steady decline. After including all of thesis this information, you’ll have completed the products and answer choice question, services chapter. Writing the Customers and Market Analysis Chapter. The customers and market analysis chapter will give you an opportunity to describe what your customer segments are, what needs you are filling for them, and how these groups of customers are trending in terms of thesis hrm pakistan growth and behavior. This chapter also includes any regulatory restrictions specific to your industry. Customers and Market Analysis Sections.

Market Overview Market Needs Market Trends (optional) Market Growth (optional) Industry Analysis (optional) Key Customers (optional) In the market overview section you are going to calculate the total market (referred to as Total Addressable Market) for your products, and uk phd online, then the segment of that market your business can capture. Total addressable market can be thought of in several distinct levels. At the hrm pakistan highest level is an estimate of the total market given 100% saturation. Another way of looking at this is what would be the total market if one company had 100% market share. Once you have the total addressable market, then you can estimate what percentage of this you can realistically capture. This, of course, is much harder to predict with accuracy. So the important thing to remember is to utilize strong sources for human rights, your assumptions. For example, lets say you plan to thesis hrm pakistan, open a high-end steakhouse in downtown Miami.

To calculate your total addressable market, you might count how many high-end restaurants are in the downtown area and research the essay human average annual sales for thesis hrm pakistan, each restaurant. Then multiply the two to get the total sales for all high-end restaurants. This would be your total addressable market. Using the example above, we can then drill down to the next level and dissertations, determine what percentage of the market you can realistically capture. You might assume that you will take an equal share of the market, thereby decreasing all other competitor’s shares in the market. Or you might offer cheaper prices, which you assume would take a larger percent of the market. Whatever your assumption, make sure it is thesis hrm pakistan well documented and logical. To obtain jaw-dropping product-lift you must solve a difficult and painful problem for the customer. And if there are competitors, you must solve the problem better than them, and enough so that customers are willing to switch to your company. Describe what problem your product is solving.

If you are targeting multiple customer segments, make sure you go into detail on how your product serves each customer segment. Describe how your solution better solves customer’s pain points then your competitors. We as consumers are inherently lazy. We do not want to guidelines for an paper, go through the time and cost of switching from one company’s product/services unless it is thesis hrm pakistan compelling enough, which is dependent on dissertations the switching cost. For example, there is virtually no cost to hrm pakistan, switch from guidelines for an mla research paper, Coke to Pepsi. On the other hand, there is high switching cost associated with migrating from a Mac to a PC. To overcome this problem, describe how your product either is able to thesis hrm pakistan, overcome customer’s inherent adversity towards switching products, or if your product is able to for an mla research, reach new customers and bypass switching costs altogether (in other words, instead of taking customers away from your competitors, you are creating a new market for your products). Understanding market trends at the macro level is critical for hrm pakistan, various aspects of your business.

A growing or shrinking market is described in more detail in the market growth section. Below are some of the other factors that will affect market trends: The overall economy has a disproportionate effect on some businesses. For example, dog-walking services usually see a decline in guidelines mla research paper sales as households reduce spending on non-essential purchases. Government regulations and policies can completely alter an industry, so it is imperative that you are up to date on upcoming changes. Hrm Pakistan! For example, the Jobs Act of rights in china 2012 allowed for thesis, the first time non-accredited investors to human, participate in private placement of securities. This in turn has created a new market for crowd-funding websites to thesis hrm pakistan, emerge to coursework a level, connect startups with all types of investors. You may be in thesis an industry where political conditions have an about human impact on the bottom line. Thesis! For example, if you count the Dept. of Defense as one of your clients, then the across-the-board budget cuts (i.e.; Sequestration in the Budget Control Act of 2011) would surely have a negative effect on your business. If you build your business on top of a technology platform that will soon be replaced with a more cost affordable, powerful, and easier to use technology, then that will surely put you in a less advantageous position. Knowing technology trends is valuable in ensuring you are gaining a competitive advantage through the use of technology.

Your customers may change their sensitivity to price depending on a variety of factors, including competition, macroeconomic conditions, and changing consumer tastes. Essay! Keeping an eye on this trend will ensure you optimize your pricing strategy. Market growth, mathematically, is simply measuring the change in market size from hrm pakistan, one time period to the next (usually in years). So if the market in essay human rights the first year was $100 million and $150 million the second year, then the market can be said to have grown by hrm pakistan, 50%. You will find that measuring market growth using historical market size data is much easier then forecasting market growth.

Utilize publically available data sources, trade publications, market research firms, and government agencies to find much of this research. Being able to demonstrate a market is growing is obviously important – for example, the market for Blackberry accessories is based business clearly a declining market. Most investors and lenders will not want to see a new business chase after dwindling customers. On the other hand, the market for Apple and Samsung phone accessories have seen great growth and will continue to grow as those companies continue to hrm pakistan, add new customers. Your industry is defined as the group of companies that are related to you in terms of dissertations what you sell/how you derive your revenue.

For example, Ford and Nissan are both in the automotive industry. Ford and thesis hrm pakistan, Nissan’s market (i.e.; customers) would be the essay question end consumers who buy their cars. You will want to describe your industry name/classification (SIC/NAICS Code), which can be found on the Dept. of Labor website. Thesis! Understanding your industry’s dynamics is imperative to knowing it’s profit potential and attractiveness. A popular framework for conducting industry analysis is us history dissertations Porter’s five forces analysis, which analyzes an industry’s competitiveness (and therefore attractiveness). By performing this analysis you will have a clear picture of your competitors and how your company fits within the competitive landscape.

If your industry has low barriers to entry and low switching costs, then expect increased competition, as there is little standing in the way for new entrants to enter the market and compete. If your industry is supplied by very few suppliers with little alternative but to source from those suppliers, then expect downward pressure on your margins. If your industry only has a small number of thesis hrm pakistan buyers, or there are many alternative products to uk phd dissertations online, choose from, then expect downward pressure on your margins. If there are many substitute products in your industry and the switching costs between them are low, then expect substantial competition. An industry is very competitive if there are many competitors about the same size, there is little differentiation between competitor’s products, and it is mature with little growth (so the only way to grow is to thesis, take a competitor’s market share). Although your product may cater to many different sets of customers, you want to us history dissertations, focus on hrm pakistan a select group that will be the most likely to purchase your product/service and account for the lion’s share of answer question your company’s revenue. For many businesses, you will soon realize that a large portion of your revenue comes from a small percentage of your customers. Thesis Hrm Pakistan! For example, Starbucks may realize their key customers are white-collar business types that purchase a cup of coffee every day, versus the student type that comes in once a month. When you can name your key customers.

If you are in a business where volumes are low and prices are high, then you should be able to name your key customers individually. In this case, you should describe in essay in china detail your relationship with each of thesis them separately. If you’ve filled out based business plan, this chapter, congratulations. Doing market research and customer analysis is a complicated and time consuming task. Thesis! Time to move on to the next chapter! Writing the Marketing and Sales Chapter. The marketing and sales chapter gives you an opportunity to describe how you will manage your sales force and dissertations online, what sales activities they will conduct in thesis order to close sales. Overview Positioning Pricing Promotion Distribution. In this section, summarize your marketing plan, being sure to include:

Positioning: Are you going to be the lowest cost provider or provide a differentiated product? Pricing: How will you price your products/services? Promotion: How will your market your products/services? Distribution: Where will your product/services be available? Tip: It will be easier to write this section after you complete the subsequent sections as the overview section summarizes key findings from the other section. Keep this section at the summary-level, as you will go into further detail in the subsequent sections. Describe how you position your company within the competitive landscape. Will you compete on price, or will you differentiate your offering and stand out from your peers? For example, Wal-Mart positions itself as the low-cost provider in an industry, while Apple designs premium products to reach the luxury end of the market.

Provide your product/service at the cheapest price point in the marketplace. There are three primary ways to achieve this: Economies of Scale: For example, being able to design, turn more tables in a restaurant or produce more widgets in a factory. The more you are able to produce from your asset, the cheaper it becomes. It will also be harder for your competitors to enter the market since you have fixed assets and experience that requires a large investment. Low operating costs: Keeping costs down across all aspects of the thesis business, including: Standardization: Limited customization Outsourcing: Outsourcing labor to home plan, low cost production centers Thrift: Limiting advertising and RD spend Optimized supply-chain: By lowering inventory and negotiating with suppliers, companies can substantially improve their profitability and cash flow. Making your product/service unique by targeting a specific segment of the market is a compelling strategy, especially if: Your customers are not price sensitive The market is competitive Your are targeting a specific niche You can provide a product/service that is not easily copied. You can also achieve differentiation through branding and marketing – for example, Starbucks sells premium coffee at a premium price point, primarily through the strength of their branding and not through the taste of thesis their coffee. Determining the optimal price for your products/services will require you to think through several factors:

If you are going shooting for the low cost provider strategy, then you will want to price yourself accordingly. Likewise, if you are going for the luxury end of the market, then a higher price is often times a proxy for home business, quality. How price sensitive are your customers? If your customers are making their purchase decision primarily based on hrm pakistan price, then you will want to us history dissertations, be sensitive to this. The price you set must be high enough to over your costs so you can turn a profit. Thesis! There are, of course, exceptions. For example, you might want to achieve economies of a level scale by maximizing units sold, or you might be maximizing revenue to achieve dominant market share.

There may be regulatory/legal constraints on how much you can charge. For example, payday loan vendors are restricted in how much they can charge their customers. Looking at what your competitors charge can give you a understanding of what current customers are accustomed to paying and will likely be willing to pay for your products/services. There are price points that consumers are psychologically more accustomed to, such as amounts ending in thesis hrm pakistan .99 or .95. In this section, you move from describing your marketing plan onto how you will convey your marketing message to your intended audience. Uk Phd Dissertations Online! What marketing channels will you utilize to hrm pakistan, reach your target customers? Depending on your business, traditional media may be an important component of your complete marketing toolbox. These would include television, radio, billboards, flyers, etc. In today’s environment few companies can afford not to have a strong online presence. There are a myriad of options available. Each marketing channel must be carefully measured for effectiveness, as online marketing can quickly add up and uk phd dissertations online, consume a small business’s entire marketing budget.

A website is a key component of your digital marketing efforts as it will be the destination in which your online leads will first visit. Some online marketing options include: Search engines (i.e.; Google, Bing) Directories (Yelp, Angies List) Daily deals (Groupon) Email marketing Social media (Facebook, Twitter) Word of thesis hrm pakistan mouth marketing is by far the guidelines paper most profitable and powerful marketing channel available to any business. New customers that are referred to your business are more likely to purchase and thesis, more likely to continue referring your company. There are ways to boost word of mouth marketing, especially with the advent of based business plan social media. For example, asking a satisfied customer to thesis, like your business on Yelp and Facebook will potentially reach hundreds of their contacts, all with one click. Integrating social media into your word of dissertations online mouth marketing strategy is invaluable for hrm pakistan, every business. Blogging/Becoming a subject matter expert. Having a leading voice in answer choice your industry will help your business gain credibility from customers, suppliers, partners and competitors. You can start by participating on public forums and blogs related to your business and adapting the thesis adage “give more to get more”.

How will your products be available? On one end of the spectrum is direct marketing, whereby you sell directly to your customers. Or if you manufacture your products, you might sell through distributors, who in home based turn sell to retailers, who in turn sell to consumers. Three common models: Product is stocked in mass-market distribution channels. Examples include soft drinks, magazines, etc. Product is specialized and sold through specialized channels.

Examples include nautical computers and thesis hrm pakistan, tooling/machinery. Product is home only sold through an exclusive channel. Examples include luxury products such as high-end motorcycles or designer handbags. The Internet presents an unparalleled opportunity to reach customers directly, as well as working with online channel partners to reach and sell to thesis hrm pakistan, customers. Writing the Strategy and Implementation Chapter. The strategy and implementation chapter will give you an opportunity to define the key milestones that mark meaningful progress towards your goals.

It also includes sections that further elaborate on your competitors. Strategy and Implementation Sections. Milestones SWOT Analysis (optional) Competitive Edge (optional) Strategic Alliances (optional) Milestones are the key events that demonstrate progress is being made , such as completing the company’s first prototype or breaking even. These provide a tangible way to measure the success of the business venture. Milestones are so incredibly important to a business yet are one of those things that can be easily overlooked. Why are milestones so important? Because they are a way to measure meaningful progress of a company that in effect, makes that company less risky (and therefore more valuable). A new company has an extremely high-risk profile – but as it meets tangible milestones, such as completing a prototype or breaking even, the company’s risk decreases.

It becomes more apparent that the essay rights in china venture will succeed. Investors and lenders will be looking at thesis what milestones your company has reached in coursework a level order to create a fair valuation. Milestones might include: Assembling company team First working prototype Filing/receiving patent or other IP Securing physical location for store First paying customer Breaking even Turning a profit* *If you can demonstrate not only turning a profit, but also sustaining that profit, then that is a huge milestone. SWOT Analysis is a useful technique for understanding your company’s strengths and hrm pakistan, weaknesses , while identifying both the opportunities open to your business and for an, the threats it faces. Strengths and Weaknesses refer to internal factors in your company, such as:

Employees and staff Physical assets such as equipment and facilities Financial assets. Opportunities and Threats refer to external factors facing your company, such as: Market trends Regulatory and legal Macroeconomic conditions Competitors. Competitive edge can be bucketed into four primary areas: cost, differentiation, innovation and operational effectiveness. Are you providing a product/service at a lower cost then your competitors? This is a straightforward competitive edge that is very difficult to deliver.

Providing the lowest cost may require operating on razor thin profit margins or heavy investment in fixed costs in order to achieve economies of scale. Are you providing a product/service that your competitors are not offering or cannot offer? This is a common strategy whereby you provide differentiated value in order to better serve customers and/or reach a portion of the hrm pakistan market that may be under-served. Are you leapfrogging your competition and providing a notably superior or new product/service? Popularized by the book “Blue Ocean Strategy”, creating new demand in an uncontested market space is a powerful business strategy. Do you provide superior time to market or customer service? For example, your customers may be willing to pay a higher price for us history, better customer service . Nordstrom’s is an example of thesis a company that uses superior customer service as a competitive advantage. Forging strategic alliances is a commonplace occurrence in business. There are a wide variety of alliances you might encounter, with various parties in which you do business. Even if you do not have any alliances, there may be an opportunity for a partnership in the future and that should be included in uk phd this section. You might have a supplier who has a disproportionate amount of influence and thesis hrm pakistan, power of your business.

Striking a partnership in this case may decrease those risk factors and provide a competitive advantage over your competitors. You might have a large portion of your revenue coming from several key customers. About Rights In China! Inking an exclusive agreement to lock in revenue would, for instance, give you predictable cash flow. It is not uncommon to partner with competitors under certain circumstances – for thesis hrm pakistan, example, to set standards for question, the industry or to help further adoption of a technology. For example, Sony and Panasonic partnered together to increase the adoption of Blu-ray DVDs. Aligning your brand with another company is frequently used, especially if both brands are targeting the same demographic. For example, Samsung is the official sponsor of the Olympic games and will provide free mobile phones to thesis hrm pakistan, all Olympic athletes. Upon completing these sections, your strategy and implementation chapter will be finished. Writing the Financial Plan, Statements, and Sales Forecast Chapters. Writing the financial plan, financial statements, and sales forecast will be the us history most difficult part of your entire plan. It requires making a large number of intelligent assumptions about the hrm pakistan size of the market you can realistically target, and the costs associated with making your product or rendering your services.

These sections are the home business plan red meat of your plan — these are the chapters that any seasoned angel investor or venture capitalist will dig into to make sure they know they’re making a solid financial investment. Chapter 7: Financial Plan and Sales Forecast Sections. Sales Forecast Personnel Plan Budget Cash Flow Assumptions Loans and thesis hrm pakistan, Investments Starting Balances Historical Financials Key Metrics for us history, Success. Define the price in which you will sell your products and thesis, services, the cost it will take to produce or sell the product/service, and the number of units you will sell. Guidelines Mla Research! Be conservative when making your estimates on the number of units you will sell, ensuring you have a reasonable methodology when making your forecast. It is highly recommended that you first complete the following sections as they lay the foundation for defining the thesis hrm pakistan sales forecast. Products/Services section: Defines what you will sell and at what price point; also seeks to define the production cost Target Market section: Defines the size of your target market and what quantities you can sell.

Tip: Your sales forecast should sync with your Sales and Marketing plan. For example, if you plan on online hiring several sales people nine months from the start of your business, you should forecast an hrm pakistan increase in sales thereafter. This is the price you will sell your products/services. Fixed price: Suitable for dissertations, most sales forecast modeling Price changes over time: The price of your product/service may increase/decrease in thesis price over time for several reasons: Keep up with inflation Keep up with increased cost of raw materials or components Seasonal product – discount to offload excess inventory Promote new product – discount upfront to encourage sales, then increase later. This is the direct cost of plan producing your product/service (at the hrm pakistan unit level). Otherwise known as cost of design a level goods sold (COGS). Fixed costs: Suitable for thesis, most sales forecast modeling % of sales: A good way to essay human rights in china, forecast costs; as sales increase you can set the cost as a % of sales on a sliding scale. Costs vary each month: The cost of your product/service may increase/decrease in price over time for several reasons: Economy of scale: the more units you produce, the cheaper it becomes to thesis, produce them Bargaining power: the more units you buy from your supplies, the cheaper they become Seasonality: cost of raw materials may fluctuate based on time of guidelines for an mla research year. This is the expected number of units you will sell.

My units are constant: Not particularly suitable as most businesses will expect to thesis, have some growth over time. Units sold changes over time: The quantity sold of design coursework your product/service may increase over time for several reasons: Growing market share Finding new markets. Sales tax requirements vary by country and by products/services sold. Thesis! In the United States, there is dissertations no sales tax at the federal level; however, many states levy selective sales tax on particular goods or services. Check with your state department of taxation if you are required to collect sales tax. Thesis! If yes, you collect the sales tax from your customers and multiple, then remit the hrm pakistan tax to the state each year. If the individual assumptions used for each component of the sales forecast is accurate, so will the overall sales forecast.

You should be able to explain where each number comes from, citing studies/research that validates your assumptions. The costs of hiring personnel are often the largest expense of any business. In this section, you will enter forecasted employees and contractors you plan to hire. The number of personnel you plan to hire and at what time is more of an product coursework a level art then a science. Too much staff too soon and you’ll burn through your working capital. Too few staff and you’ll run the risk of alienating your customers and partners when you can’t deliver. A good way to think about your personnel plan is to think about the milestones you want your business to accomplish and what personnel are required to get your business there. Thesis Hrm Pakistan! You can always revise your estimates, so start off with your best estimate and product coursework a level, come back to this section later. Tweak as needed so that your business model demonstrates profitability within your target time frame. The type of company you are building and the financing required also makes a big difference in your staffing plan. For example, if you are seeking venture capital that mean you are going to want to thesis, hire and scale quickly in order to generate large revenues.

Conversely, if you are seeking debt financing, you want to us history dissertations, operate as lean as possible and maximize profitability so you can service your loans. Fixed amount: Suitable for most situations. Changes over hrm pakistan, time: You might want to define a compensation plan for sales personnel that have an annual bonus component, for example. Employee: If choosing employee you will have to consider certain employee taxes and for an, other considerations. Contractor: If selecting contractor, ensure that you are classifying said contractor correctly. In the United States, for example, you are legally required to provide employee-type benefits in certain situations even if you classify the personnel as a contractor. If hiring employees, you will be responsible for additional costs such as (but not limited to) payroll taxes, worker’s compensation and health insurance, paid time off, training and thesis, travel expenses, vacation and sick leave, pension contributions and other benefits.

This is referred to the burden rate, which provides a truer picture of total labor costs than payroll costs alone. Burden rate only dissertations affects employees and not contractors. If unsure what to enter, 15% is thesis hrm pakistan a fair estimate. Explain the assumptions and methodology used to define the personnel your business plans to retain, including how you came up with your compensation figures and burden rate. For example, you might explain that as you plan to hire several sales people to coincide with the release of home based a new product. Enter expenses you plan on incurring for your business. A good way to make sure you capture majority of your business’s expenses is to think through costs associated with each functional area of hrm pakistan your business, such as product development, marketing and design a level, operations. Categorize expense into groups, such legal and administrative, rent and hrm pakistan, leases, and telecommunications. Design Coursework A Level! Do not include fixed asset expenses (assets whereby you derive value from for thesis, more than 12 months) such as a company van or computers. You will enter these in the next step.

Advertising Expense Amortization Expense Auto Expense Bad Debt Expense Bank Charges Cash Over and Short Commission Expense Depreciation Expense Employee Benefit Program Freight Expense Gifts Expense Insurance – General Interest Expense Professional Fees License Expense Maintenance Expense Meals and uk phd, Entertainment Office Expense Payroll Taxes Printing Postage Rent Repairs Expense Salaries Expense Supplies Expense Taxes – FIT Expense Utilities Expense Gain/Loss on Sale of Assets. Enter long-term asset expenses here. Thesis Hrm Pakistan! Long-term assets are comprised of two types: tangible and intangible assets. Fixed assets are tangible assets that provide value for more than 12 months, such as a company van or computers. Fixed assets are depreciated over its useful lifetime. Us History Dissertations! This is an thesis hrm pakistan accounting method that allows the business to answer, allocate the costs of the thesis asset over its life by gradually reducing its value. Common fixed assets:

Land and Buildings Motor vehicles Furniture Office equipment Fixtures and fittings Plant and answer multiple, machinery. Intangible assets are long-term assets that are not physical in nature. Intangible assets are amortized over thesis hrm pakistan, its useful life. These might include: Intellectual property (items such as patents, trademarks, copyrights, business methodologies) Goodwill Brand recognition. Enter other short-term assets here, which most likely will be any prepaid expense that lasts for less than 12 months. Besides prepaid expenses, other current assets also include short-term investments and securities that are likely to uk phd, turned into cash within a year. A prepaid expense can be described as such: A 12-month office lease is signed with the total lease amount of $12,000 being paid upfront. Thesis! Classifying this as a regular expense would not be accurate because then the PL Statement and Cash Flow Statement would both show the $12,000 as a one-time upfront payment on the month it which it was made. This type of expense is better described as a prepaid expense, since the use of the office is dissertations spread out over a 12-month period of time and can be considered an asset on the Balance Sheet that is expensed over time. By classifying this as a prepaid expense (or an amortized short term asset) then the PL Statement would show the $12,000 prepaid expense spread across 12 months at $1,000 each month, while the Cash Flow Statement would reflect the $12,000 payment on month in thesis hrm pakistan which it was made.

Under Assets, the Balance Sheet would then show the amount of Prepaid Lease that is remaining at the end of the us history dissertations accounting period. Enter an estimate for income taxes you expect to pay, which should be a summation of thesis federal, state and local income tax. Do not include other taxes such as property tax (should be entered as a separate expense) or employee-related taxes (this is covered in us history the Personnel Section as the Burden Rate). As this is only an thesis estimate, 100% accuracy is not required (if unsure what to enter here, use 20%). Dividends and distributions (for corporations and us history dissertations, LLCs/partnerships, respectively) are payments to the company’s shareholders/owners, taken from the company’s profit. Dividends are typically paid out at the end of the fiscal year, while distributions can be given out at the discretion of the thesis hrm pakistan owners. Choice Essay Multiple Question! You may want to set this to zero initially and see how the financials of your business model work out; then you can work backwards and determine how much of retained profit you want to distribute to owners/shareholders. Here you can explain any regular costs that are associated with running your business. What are the monthly or ongoing costs that you must pay to keep the thesis business up and running? For example, this could be paying monthly utilities and rent expenses for your office space, insurance, or any marketing or advertising costs. For a start-up, remember that there are always up-front costs or one-time costs associated with getting things started, so be aware of essay about human rights in china any of thesis hrm pakistan these expenses and include them in your budget.

Accounts receivable is defined as sales that the home based plan company has made but has yet to hrm pakistan, collect the money from the purchaser. Most companies operate by allowing some portion of their sales to be on credit. These types of sales are usually made to guidelines for an mla research, frequent or special customers who are invoiced periodically, and thesis hrm pakistan, allow them to avoid the hassle of physically making payments as each transaction occurs. Online! You want your accounts receivable to be as low as possible to increase your cash flow. Defining what percentage of your sales will be on credit.

You want this percentage to be as low as possible, while keeping in hrm pakistan mind that for guidelines for an mla research paper, some businesses it is preferential to thesis hrm pakistan, provide some credit to for an mla research, your best customers. Defining how long it will take to thesis hrm pakistan, collect payment. Of the dissertations customers that you provide credit to, you need to define when they are to thesis hrm pakistan, pay you back. The faster, the better your cash flow will look like. It is typical to provide net-30, which is 30 days. Accounts payable is mla research defined as short-term debt owed to suppliers and banks.

It is to your advantage to negotiate longer payment terms with your suppliers, as it will improve your cash flow. Thesis Hrm Pakistan! When looking at accounts receivable (what is owed to uk phd dissertations, you) and thesis, accounts payable (what you owe), the key thing to design coursework a level, remember is that you want to be paid as soon as possible, and you want to pay others as late as possible (cash on hand is king). Defining what percentage of thesis your purchases will be on credit. You want this percentage to be as high as possible, as that will improve your cash flow. Essay About In China! However, ensure you are able to pay your vendors on the purchases made on credit. Defining how long it will take to collect incoming payments. How many days will it take, on average, to thesis, collect incoming payments? Select the typical number of days between when you make a credit sale and about rights, when the payment arrives. Keep in mind that shortening this period can vastly improve your cash flow. If your business will sell physical products and you plan on keeping inventory on hand, then you need to define how many months of inventory you wish to thesis hrm pakistan, keep on essay multiple hand. Hrm Pakistan! The more months of inventory you hold on hand, the more cash is uk phd tied up in inventory.

This will affect your cash flow. How much inventory should you carry? The ideal amount varies from industry to industry, and business to business. A good place to thesis, find more information is trade associations for your industry. In order to improve your company’s inventory management, you will need to start by collecting good records on your inventory. Using inventory turnover rate as an indicator. Inventory Turnover Rate = Costs of Goods Sold (COGS) / average cost of inventory on hand. A low inventory turnover rate means that you may have too much inventory on hand. Understanding and managing cash flow is very important to us history dissertations, any business. The time period for credit sales and payments may depend on hrm pakistan your suppliers or your industry. Paying and getting paid later rather than earlier can entirely change your cash flow projections.

You can utilize this section to essay multiple, explain any assumptions about thesis cash flow, including details on the time period in which you will make and receive payments. How did you come to these assumptions and how will it affect your business? When taking out a loan, you borrow an amount of money (principal) from a lender, and guidelines paper, are obligated to pay back at a later time (usually in installments). You will typically pay interest on the loan. Thesis! If you are seeking a loan then enter the amount, as you want to forecast the financials assuming you have secured the guidelines loan. Personal vs Commercial Loans. For many small businesses, taking out a personal loan to finance growth is thesis hrm pakistan commonplace. These might include credit cards, home equity line of design coursework credit (HELOC), and installment loans. If you have an hrm pakistan existing small business, commercial loans can be obtained, which are based on a variety of factors. Secured vs Unsecured Loans.

A secured loan is a loan in which you pledge some asset (equipment, property, etc.) as collateral. Based Plan! Unsecured loans (credit cards, personal loans) are not secured against a borrower’s assets. Interest rates will be higher for unsecured loans versus secured loans, for obvious reasons. If you have a pre-existing loan, then you can specify those details in the Starting Balances section. A line of credit is similar to a loan with the difference being that interest is not charged on thesis the part of the line of credit that is unused, and the borrower can draw on the line of essay multiple credit at any time that he or she needs to.

If you are seeking a line of credit then enter the amount, as you want to forecast the financials assuming you have secured the line of credit. The line of credit may be classified as a demand loan, which means that any outstanding balance will have to be paid immediately at the financial institution’s request. Investments include injections of cash into the business from you, other shareholders or owners, or investors. This typically refers to hrm pakistan, equity investments where investors contribute cash to the business in exchange for equity (ownership). In this section, you can describe how your business will be funded. If you are a startup, it is likely that the money you make from sales will not cover all your business expenses so you may need additional sources of funding, such as taking out product design, a loan, receiving investors’ capital, credit lines, or other ways of borrowing money. What type of funding will you acquire? At what point in your plan are you expecting these funds? For existing businesses only.

The starting balances will be used to adjust the balance sheet to take into account your company’s financial history. Important: all starting balances should be entered as they are at hrm pakistan the start of your plan. Enter starting balances for assets: Cash Accounts Receivable Inventory Other current assets Long term assets Accumulated depreciation. Enter starting balances for liabilities: Enter starting balance for Capital and Earnings: Enter your Recent Sales: One month before start date Two months before start date Three months before start date Four months before start date Five months before start date Six months before start date. If you are an existing business, you can enter past financial data here.

This is optional and will be used to calculate historical financial ratios in the Financial Statements section. For each year of your company history , include: $ Sales $ Gross profit $ Income from operations $ Net profit $ Current assets $ Current liabilities $ Inventory $ Total assets $ Total liabilities $ Total owner equity. Every business model has several key metrics that management can use to see if the business is healthy. For example, a restaurant might use the number of tables it can turn per answer essay multiple question, night and the average revenue per dinner. Think about thesis what levers make the essay human rights most impact to your business. You will want to hrm pakistan, continuously track and about human rights in china, monitor these metrics to ensure your business model is working. Chapter 8: Financial Statements Sections. Profit and Loss Statements Balance Sheet Cash Flow Statement Financial Ratios.

The Profit Loss (i.e.; income statement) shows your revenue, expenses, and profit. It is the thesis hrm pakistan most common of the three reports as it provides a view into for an, the company’s projected “bottom line”. The statement here is a read-only display, calculated automatically from the information you entered in the Sales Forecast, Budget, and thesis hrm pakistan, Personnel Plan sections. Product Design! If you wish to edit or change any information, you may do so by going back to those sections. The statement here will update automatically. The balance sheet gives a snapshot of your company’s financial position at a given point in time, usually the last day of a fiscal period. It is called a balance sheet because assets (what you own) will always equal the sum of your liabilities (what you owe) and hrm pakistan, stockholder’s equity (your investments from stockholders plus money that your business earned that is put back into running your business). The balance sheet here is a read-only display.

If you wish to change the balance sheet, you can do so by going back to the builder in the Financial Plan section. If you are an existing business, you have the option of adding starting balances under the Financial Plan section. The cash flow statement displays the cash inflows and uk phd dissertations, outflows from your operating, investing and hrm pakistan, financing activities. Paper! Rather than providing an overview like the hrm pakistan balance sheet, the cash flow statement will measure the design change in cash during a period. In other words, how much money did you start and thesis, end up with? The statement here is a read-only display. You can go back to edit the sections in paper the Financial Plan section in order to change the accounts affected in thesis hrm pakistan the cash flow statement. The Financial Ratios section gives a general overview of the health of your business.

The report here is a read-only display. If you wish to change any of the information, you may do so by editing the relevant financial information you’ve entered previously. The ratios here will update automatically. The Liquidity Analysis shows how solvent your company is, or how easily convertible to cash is the company in dissertations case. Hrm Pakistan! This is important in determining the ability of the business to meet its obligations, or paying off what it owes in guidelines mla research paper debt. Thesis! The Profitability Analysis shows the for an mla research overall performance of the thesis company in its ability to make a profit. The ratios show how much of sales revenue is actual profit after taking costs and expenses into answer essay multiple, account. The Debt Ratio shows how much of the business’s assets are financed by debt and how much of the business’s assets are financed by thesis, stockholders’ equity. Home Based! The Investment Measures show ROI (Return on hrm pakistan Investment) which is the percentage of the return (net profit) of the business divided by the cost of the us history dissertations investment. The most common method of calculating ROI is to divide net profit by total assets.

Finishing these chapters represents a massive achievement in completing your business plan. It is by far the most difficult chapter, as it requires doing somewhat complicated math to thesis, generate accurate financial statements. In all likelihood, you will need to us history dissertations, hire an expert or accountant to help you create an accurate and thesis, detailed plan that adheres to us history, realistic outcomes. To finish it off, you’ll need to hrm pakistan, write an appendix and a glossary of terms. Your appendix will be a more detailed version of the answer financial statements detailed in this chapter, and your glossary of terms will simply define the terms of your business that an thesis investor may not understand. Upon including those chapters, your plan will be complete. Feeling inspired to start a business, but don’t know how to essay about human rights in china, write a plan? We have a sample database of plans that you can look through to learn the different chapters and sections necessary to attract equity investments and hrm pakistan, loans. Although our examples are specific to each industry, keep in uk phd online mind that every plan will be unique depending on your location, your customer base, and your own vision, so these will only serve as a starting point for you and thesis, your dream.

Click the images to view our full business examples. 4. The Pros and Cons of Downloading a Business Plan Template. 1. Write with confidence — you won’t be forgetting any important information. Using this free template can help you write your own plan, without the hassle of figuring out uk phd dissertations online, how to hrm pakistan, order your chapters, or the worry of feeling like you might be missing a section. We provide the entire bare bones skeleton of a business plan within this Microsoft Word .doc download. After you download it, it’s up to you to flesh out the guidelines for an details and ensure that each section is as well researched and thesis hrm pakistan, intelligently conceived as possible. 2. Home! Step-by-step writing guide and writing samples included. Our plans come with a complete how-to guide with examples from our professional business plan samples to help steer you through your writing. 3. Completely free – no hidden costs, just download and start writing. This plan is completely free. You may encounter other people or websites on the Internet charging a price to download the guide.

Do not purchase them – there is no benefit at all to hrm pakistan, purchasing a pre-fabricated plan. Choice Essay Question! None of the information will be relevant to your company, and you’ll be gaining nothing but the order and structure of the plan – something that you could easily research and thesis, re-create on your own. Sound good? Keep in mind that while this guide may give you a better idea of how a it should be structured, that represents only about 5% of the product coursework a level heavy lifting of writing an actual the complete document. Don’t forget that every plan needs well structured elevator pitch. 1. Thesis! You’ll have to paper, do complicated business planning math and calculations yourself — or pay an expensive rate for someone else to thesis hrm pakistan, do them. You’re going to uk phd dissertations, have to thesis, do the essay rights in china financial calculations, plans, and thesis, forecasts that a plan should offer to attract investment — all by yourself. Creating these sections requires years of essay about human rights in china training, math skills, market knowledge, and investment savvy.

This requirement is beyond the scope of most peoples’ abilities, which is why entrepreneurs turn to thesis hrm pakistan, professional writers and accountants to do the heavy lifting for them. Keep in guidelines mind: You may have a brilliant idea, but until you’ve subjected your product/service to meticulous research, and calculated your potential market as conservatively as possible, your business idea will be nothing but empty words and blather to a seasoned investor. 2. Hrm Pakistan! You’ll need to manually create visual graphs and guidelines for an paper, charts to make the hrm pakistan calculations easily understandable. You’ll need to take the guidelines for an paper numbers you calculated and create attractive graphs, charts, and tables for your plan. Thesis! Making your data attractive and easy to comprehend is no easy task. Professional planning software can not only product design do the calculations for thesis hrm pakistan, you, but will also turn them into relevant graphs, charts, and tables presented in the appropriate order, according to how equity investors and bank loan officers expect to dissertations, see them. 3. Thesis Hrm Pakistan! A basic template won’t allow you to guidelines mla research paper, track your business’ progress. You won’t be able to thesis, keep your company’s information up to date easily.

One of the major benefits of using software is that you can continually update your numbers based on your real expenses and earnings, allowing you to track the progress of your business easily and essay about human in china, without a major hassle. Nonetheless, we encourage you to thesis hrm pakistan, download this document and get started with writing out your product/service concepts and home based business plan, marketing plan. If or when you encounter the financial sections, we’ll be looking forward to hrm pakistan, helping your progress through the major obstacles of us history writing a successful strategy that will help you get funding for your ideas. Crafted by licensed attorneys Updated regularly Applicable to thesis hrm pakistan, all 50 states. Create your free.

Business Plan Template document in for an only 5-10 minutes! Copyright 2017 Legal Templates LLC. Legal Templates LLC is not a lawyer, or a law firm and does not engage in the practice of law. Legal Templates cannot and does not provide legal advice or legal representation. All information, software and services provided on the site are for informational purposes and self-help only and are not intended to thesis hrm pakistan, be a substitute for a lawyer or professional legal advice. Use of this site is subject to our Terms of Use. Preview Document - Business Plan Template.

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