Tuesday, May 26, 2020
Essay Topics For Nursing Careers
Essay Topics For Nursing CareersNursing career opportunities can be very interesting, and with nursing career essays it is all the more so. A career can open up a whole new world of possibilities for the nurse. There are many different career options for nurses out there. There are also many different essay topics that will not only help you choose the right career path, but also help you to write a well-researched, yet enjoyable essay.The first thing to think about when writing a nursing career is what are the themes? What subject matter interests you? If you are not sure what your preferences are, talk to other nurses and decide what topic is one of your strongest assets. Do you like teaching?Is there anything that you would like to write about that you have not written about before? If you are a prolific writer, a nursing career essay should be something that you enjoy writing. Careers are by definition a personal one.When you get in the right mood, you can move onto choosing a sp ecial subjects for your essays. Are you interested in health care law or do you want to write about something different? You can narrow down your topics for the essay by thinking about the projects that you have worked on and the way that they made you feel. It may seem obvious to you, but if you can think about how the project made you feel before writing about it, it will give you an idea of what you want to write about.How many things will you write about in your nursing career essay? This depends upon what topics you want to focus on. Some people just love to write about themselves. Others may just want to talk about their field, in which case you might want to concentrate on your nursing career. Whatever you choose, make sure that you start with something small and work your way up.Research is key in every subject. Researching is one of the most important aspects of writing an essay. Researching will allow you to come up with topics and then research them and then write about t hem. If you do not have enough information about a topic, researching it will help you find the information you need. And since research is a part of writing, you do not want to skip this part either.When writing your nursing career essay, you can also choose from the many different essay topics. These can range from local events to international careers to even about just working in a hospital or clinics. As you can see, nursing can be very exciting and there are many different career options available. To become a nurse, you must remember that nursing is just that; a vocation.
Saturday, May 16, 2020
Correlation Between Employee Motivation And Job...
Human resource is vital for any organization. So it is important to manage organizational happiness, so that employees will do their best for the organization. An employee performance appraisal can act as motivation for an employee to improve his productivity. When an employee sees his goals clearly defined and is measured against the set goals and objectives, a need can be identified about the future strategies of employee motivation. In this review, I will look at and explore the multiple arguments of the management research articles. So, the question I must ask: is there a positive correlation between employee motivation and job performance? Body 1 Managers leading the way as motivators Kyle A. Huggins, Darin W. White and Jessica Stahl Marketing research has begun to highlight the impact that salespeopleââ¬â¢s deliberate and intuitive judgments can have on sales outcomes. More recently, research studies evaluate both intuitive and deliberate information processing together, finding that salespeople who accurately perceive both processing styles more easily adapt to their customersââ¬â¢ desires (Locander, Mulki, and Weinberg 2014) and improve sales performance by more than 130% (Hall, Ahearne, and Sujan 2015). We contend this ability is directly tied to emotional intelligence. Mayer and Salovey (1997) define emotional intelligence (EI) as the ability to perceive emotion, integrate emotion to facilitate thought, understand emotion, and to regulate emotion to promote personalShow MoreRelatedCorrelation Between Employee Motivation And Job Performance Essay1011 Words à |à 5 PagesIntroduction The human resource is vital for any organization, as it is important to manage organizational employee happiness. Motivation has long been seen as a positive indicator of job performance. What are some great ways to motivate an employee to increase job performance? A performance review can act as motive for an employee to improve his/her productivity. Therefore, when an employee sees his goals clearly defined and is measured against the set goals and objectives, he can be motivated toRead MoreMechanisms Underlying Creative Performance : Employee Perceptions Of Intrinsic And Extrinsic Rewards1301 Words à |à 6 PagesIn this study, Mechanisms Underlying Creative Performance: Employee Perceptions of Intrinsic and Extrinsic Rewards for Creativity, the authors Yoon et al. (2015) investigates creative performance based on effects of intrinsic and extrinsic rewards and proposes employeesââ¬â¢ dedication to creativity may possibly activate a psychological state in the connection between rewards and creativity. In order to detect the boundary conditions, such as nature of rewards and the task context, when the differentRead MoreThe Intervention First Begins With The Singtel Sales Representatives1678 Words à |à 7 Pagesincreases employee motivation as it allows employees a personal stake in the process (Gilley, Dixon Gilley, 2008). Employees can use the forum to provide constructive feedback and innovation suggestions for the organisation. The forum creates a conducive environment for the company as employees are motivated to enforce and handle the new changes, and thus, increasing their dedication to the success of the organisational changes. Gilley et al. (2008), highlighted the benefits of employee involvementRead MoreOperations of Goodwill Industries International1190 Words à |à 5 Pagesemployment placement services, job training as well as other community-based programs for individuals who are disabled, lack education or any job experience or face emplo yment challenges. Our analysis indicated that the huge gap or disparity between CEO and average employee pay resulted in low motivation among the workers.The paper explores the theoretical underpinnings of employee motivation as well as ways of improving employee motivation. Transformational leadership and employee reward systems prove toRead MoreThe Effect Of Flexible Work Programs On Employee Motivation1145 Words à |à 5 PagesThe Effect of Flexible Work Programs on Employee Motivation Overview Since the 1990s, many single parents have entered the workforce and their children are suffering as a result. These working parents are forced to leave their children to raise themselves while they work rigid schedules. Meanwhile, many children are not receiving the guidance and attention they need to flourish in society. This leaves our future in the hands of children without the necessary guidance needed to succeed. RecentlyRead More In-Depth Summary of Expectancy Theory Essay1243 Words à |à 5 PagesIn-Depth Summary of Expectancy Theory In todayââ¬â¢s organization, there is a need for ways in which to effectively motivate employees. Expectancy theory addresses the underlying issues that are associated with the belief that a performance or outcome is attainable. Developed initially by Edward Tolman and Kurt Levin, introduction of the theory into the workplace was not achieved until quite some time later by Victor Vroom (Bradt, 1996). It is his first utilization of the theory that enabled othersRead MoreIntroduction. Sns Is A Marketing And Public Relations Company1544 Words à |à 7 Pagesengaged employee pool that will provide exceptional customer service to the clients. Over the next several months, SNS will implement various motivational tools to encourage and reward creativity, insight, teamwork and enthusiasm. The Importance of Motivation In todayââ¬â¢s demanding work environment, employee engagement can be a challenging task. Understanding the importance of motivating employees is vital to the success of the company. Rabideau (2005) states that motivation is the correlation betweenRead MoreImpact Of Oc On Employee Performance1172 Words à |à 5 PagesImpact of OC on employee/organisational performance There is a common consensus that employees behaviours are shaped by their culture (Denison, 1984, Furnham and Gunter, 1993). In an organisational context, management interest in a culture lies in what impact culture can have on the commercial or financial performance of a firm. Organisational performance (which is derived from employee performance) or success implies to the contributions or productivity of employees of an organisation. ResearchRead MoreOrganizational Performance Of Leaders And Managers1549 Words à |à 7 Pagesââ¬Å"There is no question that the performance of leaders and managers can have a truly significant impact on organisational performance, both in the immediate and longer term.â⬠(Department for Business, Innovation and Skills, 2012, p8) ââ¬ËIt is still an inescapable fact that people are the main resource of any organisation. Without its members an organisation is nothing. An organisation is only as good as the people who work within it.ââ¬â¢ (Mullins, 2013). In the current economic climate it is vital thatRead MoreTHE RELATIONSHIP BETWEEN EMPLOYEE MOTIVATION AND PERFORMANCE1110 Words à |à 5 PagesMotivation can be a key-contributing factor in employee performance. It is of great importance to an organization to recognize ways in which it can use employee motivation to positively affect employee performance. The methods used by organizations to motivate its employees are essential in determining how they affect employee performance. There are both positive and negative motivational tools that may be explored. The purpose of this paper is to examine the relationship between motivation and Correlation Between Employee Motivation And Job... Mathew, Ushus; Johnson, Johney Introduction The human resource is vital for any organization, as it is important to manage organizational employee happiness. Motivation has long been seen as a positive indicator of job performance. What are some great ways to motivate an employee to increase job performance? A performance review can act as motive for an employee to improve his/her productivity. Therefore, when an employee sees his goals clearly defined and is measured against the set goals and objectives, he can be motivated to work harder (Mathew, Johnson). In this review, I will look at and explore the multiple arguments of the management research articles. So, the question I must ask is this: Is there a positive correlation between employee motivation and job performance? Body 1 Managers leading the way as motivators Kyle A. Huggins, Darin W. White and Jessica Stahl What is the impact of sales associatesââ¬â¢ emotional intelligence on sales performance? Marketing research has begun to highlight the impact that salespeopleââ¬â¢s deliberate and intuitive judgments can have on sales outcomes. More recently, research studies evaluate both intuitive and deliberate information processing together, finding that salespeople who accurately perceive both processing styles more easily adapt to their customersââ¬â¢ desires (Locander, Mulki, and Weinberg 2014) and improve sales performance by more than 130% (Hall, Ahearne, and Sujan 2015). We contend this ability is directly tied toShow MoreRelatedCorrelation Between Employee Motivation And Job Performance Essay1098 Words à |à 5 Pagesorganization. An employee performance appraisal can act as motivation for an employee to improve his productivity. When an employee sees his goals clearly defined and is measured against the set goals and objectives, a need can be identified about the future strategies of employee motivation. In this review, I will look at and explore the multiple arguments of the management research articles. So, the question I must ask: is there a positive correlation between employee motivation and job performance? BodyRead MoreMechanisms Underlying Creative Performance : Employee Perceptions Of Intrinsic And Extrinsic Rewards1301 Words à |à 6 PagesIn this study, Mechanisms Underlying Creative Performance: Employee Perceptions of Intrinsic and Extrinsic Rewards for Creativity, the authors Yoon et al. (2015) investigates creative performance based on effects of intrinsic and extrinsic rewards and proposes employeesââ¬â¢ dedication to creativity may possibly activate a psychological state in the connection between rewards and creativity. In order to detect the boundary conditions, such as nature of rewards and the task context, when the differentRead MoreThe Intervention First Begins With The Singtel Sales Representatives1678 Words à |à 7 Pagesincreases employee motivation as it allows employees a personal stake in the process (Gilley, Dixon Gilley, 2008). Employees can use the forum to provide constructive feedback and innovation suggestions for the organisation. The forum creates a conducive environment for the company as employees are motivated to enforce and handle the new changes, and thus, increasing their dedication to the success of the organisational changes. Gilley et al. (2008), highlighted the benefits of employee involvementRead MoreOperations of Goodwill Industries International1190 Words à |à 5 Pagesemployment placement services, job training as well as other community-based programs for individuals who are disabled, lack education or any job experience or face employment challenges. Our analysis indicated that the huge gap or disparity between CEO and average employee pay resulted in low motivation among the workers.The paper explores the theoretical underpinnings of employee motivation as well as ways of improving employee motivation. Transformational leadership and employee reward systems prove toRead MoreThe Effect Of Flexible Work Programs On Employee Motivation1145 Words à |à 5 PagesThe Effect of Flexible Work Programs on Employee M otivation Overview Since the 1990s, many single parents have entered the workforce and their children are suffering as a result. These working parents are forced to leave their children to raise themselves while they work rigid schedules. Meanwhile, many children are not receiving the guidance and attention they need to flourish in society. This leaves our future in the hands of children without the necessary guidance needed to succeed. RecentlyRead More In-Depth Summary of Expectancy Theory Essay1243 Words à |à 5 PagesIn-Depth Summary of Expectancy Theory In todayââ¬â¢s organization, there is a need for ways in which to effectively motivate employees. Expectancy theory addresses the underlying issues that are associated with the belief that a performance or outcome is attainable. Developed initially by Edward Tolman and Kurt Levin, introduction of the theory into the workplace was not achieved until quite some time later by Victor Vroom (Bradt, 1996). It is his first utilization of the theory that enabled othersRead MoreIntroduction. Sns Is A Marketing And Public Relations Company1544 Words à |à 7 Pagesengaged employee pool that will provide exceptional customer service to the clients. Over the next several months, SNS will implement various motivational tools to encourage and reward creativity, insight, teamwork and enthusiasm. The Importance of Motivation In todayââ¬â¢s demanding work environment, employee engagement can be a challenging task. Understanding the importance of motivating employees is vital to the success of the company. Rabideau (2005) states that motivation is the correlation betweenRead MoreImpact Of Oc On Employee Performance1172 Words à |à 5 PagesImpact of OC on employee/organisational performance There is a common consensus that employees behaviours are shaped by their culture (Denison, 1984, Furnham and Gunter, 1993). In an organisational context, management interest in a culture lies in what impact culture can have on the commercial or financial performance of a firm. Organisational performance (which is derived from employee performance) or success implies to the contributions or productivity of employees of an organisation. ResearchRead MoreOrganizational Performance Of Leaders And Managers1549 Words à |à 7 Pagesââ¬Å"There is no question that the performance of leaders and managers can have a truly significant impact on organisational performance, both in the immediate and longer term.â⬠(Department for Business, Innovation and Skills, 2012, p8) ââ¬ËIt is still an inescapable fact that people are the main resource of any organisation. Without its members an organisation is nothing. An organisation is only as good as the people who work within it.ââ¬â¢ (Mullins, 2013). In the current economic climate it is vital thatRead MoreTHE RELATIONSHIP BETWEEN EMPLOYEE MOTIVATION AND PERFORMANCE1110 Words à |à 5 PagesMotivation can be a key-contributing factor in employee performance. It is of great importance to an organization to recognize ways in which it can use employee motivation to positively affect employee performance. The methods used by organizations to motivate its employees are essential in determining how they affect employee performance. There are both positive and negative motivational tools that may be explored. The purpose of this paper is to examine the relationship between motivation and
Wednesday, May 6, 2020
Romeo and Juliet Who Is to Blame - 778 Words
Romeo and Juliet essay The story of Romeo and Juliet is the best tragedy ever to be written. The tale of two adolescents taking their lives because of their love for one another has inspired a lot of controversy as to whether the adults surrounding these adolescents could have done something to prevent this tragedy. The truth is the adults in the situation are ultimately to blame for the deaths of their love struck teens. This essay will explain why Friar Laurence, Nurse and to a lesser extent Mercutio, caused the deaths of Romeo and Juliet. Friar Laurence is at fault for causing this catastrophe. Friar Laurence is one of many who should have guided Romeo and Julietââ¬â¢s love into a more stable situation. It was the Friar who marriedâ⬠¦show more contentâ⬠¦Upon hearing this Juliet becomes desperate and makes multiple bad decisions. If the Nurse had truly thought through the consequences of her decisions, maybe these two lovers would have lived. Mercutio is what his name stands to be, Mercurial. Though known as a joyful and intense character, he is in fact partially to blame for the tragic death of the two young lovers. It is in fact Mercutio who convinces a young Romeo to forget aboutShow MoreRelatedWho is to Blame in Romeo and Juliet? Essay987 Words à |à 4 PagesWho to Blame for the Deaths of Romeo and Juliet The deaths of Romeo and Juliet didnt really need to happen, as it wasnt them, but the people around them that were fighting and disagreeing. Romeo and Juliet did their best to keep out of the violence but the people around them such as family friends and the local community that were making them unhappy. Romeo is a young teenager of the Montague Household, who falls in love with Juliet, a Capulet whose family are ancientRead MoreWho is to Blame in Romeo and Juliet? Essay933 Words à |à 4 Pagespair of star crossed lovers take their lifeââ¬â¢ 1.2.chorus. Romeo and Juliet, a very famous play written by William Shakespeare, is filled with nearly every powerful emotion imaginable, love, lust, hate, desire, spite, joy, happiness, depression, adoration, anger, vengeance and so many more. The tragic deaths of Romeo Montague and Juliet Capulet were brought about by how the people around them and they themselves dealt with these emotions. Blame is defined in the dictionary as to feel or declare thatRead MoreWho is to Blame in Romeo and Juliet? Essay2468 Words à |à 10 PagesRomeo and Juliet is set in Verona. They are two star crossed lovers from two different families who have been feuding for generations. This is apparent in the line ââ¬Å"The quarrel is between our masters and us their menâ⬠. This demonstrates that the play is destined to result in tragedy. The effect that is created on the audience is that the families have been fighting constantly for many years and that it has been passed down from generations to generations. The Montagueââ¬â¢s and Capuletââ¬â¢s ancestorsRead MoreRomeo and Juliet: Who is to Blame? Essay587 Words à |à 3 Pagesbrings love and affection, but when taken to the extreme, it can lead to tragedy and despair. Among the great literary tragedies, Romeo and Juliet may be the most famous of them all. The eternal feud between the Montegues and Capulets prohibits the love of Romeo and Juliet and ultimately results in their unfortunate deaths. It may be difficult to truly determine who is to blame for the tragedy, because their lives had been influenced, criticized, and controlled by many figures. Among the most importantRead MoreWho Is Blame For The Tragedy Of Romeo And Juliet?1273 Words à |à 6 PagesWho to Blame for the Tragedy of Romeo and Juliet? What causes people to believe in fate? Fate is like a powerful force that cannot be controlled by anyone. Romeo and Juliet, the two lovers were victims of fate or destiny. Romeo and Juliet saw each other, and they loved each other immediately after 5 minutes, but their families were enemies because they always fight with each other. Romeo and Juliet were victims of the environmental factors, the authority figures, and by their own mistakes. All ofRead MoreWho Is Most to Blame for the Deaths of Romeo and Juliet?2905 Words à |à 12 PagesWho was the greatest contributor to the death of Romeo and Juliet? In this essay I will be writing about William Shakespeareââ¬â¢s play Romeo and Juliet, I will be doing an in-depth analysis as to who I think is most to blame for the sad eventual deaths of Romeo and Juliet, analysing each character in detail. First, letââ¬â¢s start with the general storyline. It is fourteenth century Verona, an Italian city. Two families, the Capuletââ¬â¢s and Montagueââ¬â¢s, have been feuding for centuries, the reason for thisRead MoreThe Death of Romeo and Juliet and Who is to Blame Essay examples1376 Words à |à 6 PagesThe Death of Romeo and Juliet and Who is to Blame Romeo and Juliet is a tragedy by William Shakespeare, in which a young boy and girl fall in love and commit suicide. They come from 2 different families which have a deadly feud against one another. Romeo goes to a masked ball at the Capulets household where he falls in love with Juliet. He then proposes to her after the party in secret at Juliets balcony. Romeo then arranges a secret weeding with Friar Lawrence andRead MoreWho to Blame in Romeo and Julietà ´s Death? Essay698 Words à |à 3 Pagesresponsible for the two lovely lover-Romeo and Julietââ¬â¢s death? In my opinion, there is no one particular person to really blame on their death. However, it is every single person are should be blamed for the deaths of both Romeo and Juliet. If I was answering the question of who were the few most responsible people for their tragedy-it would be three people. Because of peopleââ¬â¢s decision and different point of view, the people most responsible for the deaths of Romeo and Juliet are Lady Capulet, Nurse, andRead MoreWho Was to Blame for the Deaths of Romeo and Juliet? Essay2019 Words à |à 9 PagesWho was to blame for the deaths of Romeo and Juliet? In this essay I will be exploring the reasons as to why some people would argue that a certain person or people are to blame for the deaths of Romeo and Juliet. I will show understanding of the plot, character and themes and Shakesperes use of language and dramatic devices within the play. Firstly, some people believe that the parents of Romeo and Juliet were to blame for their deaths because of the ongoing feud between the two families. TheRead MoreThe Tragedy of Romeo and Juliet: Who Is to Blame for Their Deaths?1460 Words à |à 6 Pagesand critically acclaimed of Shakespeares plays has to be Romeo and Juliet, a romantic tragedy concerning the fate of two young star-crossed lovers (Prologue, l. 6). The play focuses on romantic love, specifically the intense passion that springs up at first sight between Romeo and Juliet and the deaths of the two characters because of their eternal love for each other. While there could be various reasons for the deaths of Romeo and Juliet, it is obvious that both the two households and significantly
Tuesday, May 5, 2020
Benefits of Integrated Business Planning â⬠MyAssignmenthelp.com
Question: Discuss about the Benefits of Integrated Business Planning. Answer: Introduction Entrepreneurship is crucial for starting a new business venture in the market. Today, entrepreneurs are focusing on starting the business at the global level for getting more and more profit. Entrepreneurs develop and generate new ideas for the business venture at global level. There is well known that the idea of business is the starting of the business procedures. A new business idea is helpful the entrepreneurs to discover various chances and capability to start up the new venture beneficially (Dudin, 2015). So, this report focuses on the new business idea for the new venture in the market. The report is focused on the new business venture of a caf along with the effective business model. New business start-up is based on the business model canvas which is very effective for the success of business venture. Basically, this report is all about running a new and creative coffee shop and meets the needs and requirements of the customers in the Australian market. Objective of this rep ort is to understand the role of business model canvas based on the analysis of market information and essential aspects (Toor Dhir, 2011). This report describes a new business venture i.e. a caf. Name of this caf would be Culture Coffee Bar. There are many coffee shops in Australia but the current coffee shops only meet the basic demand of the customers i.e. demand for the coffee and various drinks. In other words, consumers generally go to the coffee shops as they do not have time to prepare coffee. In many shops, there are no specialists for retaining the consumers. Their sets of choices are simple including fundamental food items such as packed drinks and refreshments and iced coffee. Some coffee shops try to improve the effective image by providing some additional services such as live music and games but they are not enough to improve the image and to retain the customers. So, by analyzing the enormous demand of the customers in the market, Culture Coffee would spend huge amount of capital in creating positive image of the caf. For this manner, company would focus on creating relaxing atmosphere for the customers along with the core products of food, beverages and other services. Because of the value of time in the current time, the caf would offer the service of free delivery of the products so that the consumers can enjoy the products in office timings also. By this service, caf would be able to maximize its ability to diversify itself among the customers in the coffee market. Like other coffee shops in Australia, main revenue for Culture Coffee shop would come from the drinks and coffee for meeting the needs of the customers. Along with this, caf will offer many different beverages to the customers. So, price of the products would be set as the high level pricing but affordable for the customers in the industry. Apart from the drinks and coffee, the customers will also get variety of products i.e. snacks, food, cakes and live music nights in caf. Business model Based on the business model canvas theory, this model will be applied in the new business venture along with its nine building block structure. This model would effectively able to achieve the goals and objectives of the company. The applied business model in the Culture Coffee bar will be the presentation of the services of the company. The business model will provide the understandings of who company serves, what activities it is carrying out, from where it will get its suppliers and how to minimize the cost to generate more profit in the business (Osterwalder Pigneur, 2010). So, for the caf Culture Coffee Bar, the business model canvas is described below. First and important part of the business model canvas is identifying key partners for the caf. Culture coffee bar will always focus on the food safety to achieve sustainable development in the market. For this manner, company would make reliable partners. Company would make partners to the leading coffee brand in Australia to get fresh and healthy products. To design the furniture, a furniture company would be second partner (Filet, 2013). There would three major activities of the caf for achieving growth and success in the market. Those key activities are marketing, selling and supporting. In the marketing activities, there would be drinks and food preparations, delivery of food and cleaning and decorating caf. Selling activity would include training, sales call and advertisements on various platforms i.e. magazines, newspapers, and Facebook. Support activity would include hiring people for the administrative work and outsourcing brands and singers for caf. For achieving significant growth and success, there are two most essential resources i.e. value proposition and activities which including well skilled employees and inside design of the caf. The employees and staff of the caf will be trained in the in the proficient manner so that they can serve the customers in the better way. They will wear professional uniforms and have the knowledge of foreign languages. Further, company will also invest in the furniture and interior design of the caf to build up an Australia style coffee shop for the entertainment and enjoyment. This would create a positive image of caf among the mind of consumers (Gavrrilova, 2014). Value proposition From the perspective of the potential customers, caf will provide such atmosphere that will be enjoyed by the customers. Customers could enjoy variety of beverages i.e. drinks, fast foods and cakes served by the trained employees and staff in the caf. Caf will provide such atmosphere which would make the customers relax after hectic schedule of work or study. Further, Caf will provide various quiet spaces where businessmen can make their meetings and appointments. Along with this, caf would also conduct some live music nights to generate more activities for the potential customers. By all these activities, customers will have new experience with the relaxing place (Sinfield, Calder, McConnell Colson, 2011). It is well known that effective relationship with the customers is very important for the success of the business. In terms of the importance of the relationship with the customers, Culture coffee caf will plan to provide coupons and VIP cards to the customers so that they would get for their allegiance towards the products (Mason, 2015). The VIP cards with the special offers will be distributed to the loyal customers who would come at least once in the week. Further, less regular clients will also receive 10 to 25% off coupons and discounts. It is believed that this strategy would be helpful in maintaining customer loyalty and improve the visit facility (Teece, 2010). In terms of distribution of products, there would be two ways to use the products of caf i.e. in store and delivery of products. Caf will suggest the customers to visit on the store and order their products. This would generate opportunity for the caf and employees to provide better quality experience to the customers. Further, if the customers are busy and demand for their desired products, then free delivery service or delivery with the extra charges would be provided to transport the products to the customers hand. The time of the services can be shortened as much as possible to provide guaranteed quality products (Burns, 2014). The potential customers for the caf will be identified based on the age and profession. In terms of the age of potential customers, the caf would serve the customers from 15 years old upwards. Further, in terms of profession, the consumers are differentiated from the students, employees, businessmen and performers. The reason is that the students spent lots of time hanging around in the coffee shops after their schools and colleges. Further, employees and businessmen have high and middle income and they are highly demanding for the coffee shops where they can settle down, make their activities and enjoy the drinks. Located in Australia, the caf would be oriented towards providing services to the artists who make high income and need quality products (Fifield, 2012). It should be noted that the target customers have different styles and habits. It is observed that in the age of 15 to 22, there are students of high schools, colleges and universities. Although these people are not earning money but they get money from their parents so these consumers have high demand of coffee after their school and colleges. The customers will be approached by the internet and social media platforms. Other target customers are the employees and business people who are working full time to create their money. These customers are willing to pay for their desired product. These customers will be attracted by the TV commercial, internet and magazines. Further, there are artists who will be attracted by the company. Advertisements in newspapers and magazines will be helpful and effective to approach those customers (Armstrong Cunningham, 2012). Cost structure The cost of the rent would be responsible for the crucial part of the operating cost of the company. Along with this, there are other operating costs including raw material, staff, outsourcing and marketing of the products. These costs would be estimated in the financial part of the caf. Key revenue stream of this new venture would be generated by the purchases of the customers i.e. beverages and varieties of coffee such as Espresso, Flat White, Macchiato, Americano, and Cappuccino which are the core products of caf. Along with this, caf will also collect the amount of revenue by the event of live music on every weekend. Further, there will be additional services i.e. appointing or meeting area which would be free of charge. It is expected that the customers segments i.e. teenagers having age of 15 to 22 and working people having the age of 22 to 40 would bring about 35% to 45% out of total revenue. Meanwhile, 10% revenue from the customers having age above 40 would also be generated (Baraban Durocher, 2010). Conclusion This report focuses on the importance and role of the business model canvas in the new business venture. From the above discussion, it is observed that new venture of caf needs to prepare its business model canvas for getting high level of growth in the market. There are nine blocks in the business model canvas and all the blocks have significant role in the success of the new venture. Main objective of this report is to create a new business venture and formulate business concepts with the business model canvas theory. Second objective was to provide the overview of how the business model canvas would be helpful to achieve the desired goals and objectives in the new business venture. This report provides brief overview about the coffee market and the requirements and preferences of the customers. Based on the analysis, target market is decided for the caf. Business model canvas is the important part of the study to analyze the detail of the company along with the understanding about the new venture. In conclusion, this report provides the theoretical information on formulating the business model for new business venture of coffee shop based on the huge demand of the coffee in the Australian market. References Armstrong, G., Cunningham, M. H. (2012). Principles of marketing. Australia: Pearson publication Baraban, R. S. Durocher, J. F. (2010).Successful Restaurant Design. USA: John Wiley Sons Burns, P. (2014). New venture creation: a framework for entrepreneurial start-ups. USA: Palgrave Macmillan Dudin, M. N. (2015). The Innovative Business Model Canvas in the System of Effective Budgeting: Asian Social Science. 11 (7). 290-296 Fifield, P. (2012). Marketing strategy. (2nd). Berlin: Reed educational publishing Pvt Ltd Filet, E. (2013). Conceptualising Business Models: Definitions, Frameworks and Classifications: Journal of Business Models. 1 (1). 85-105. Gavrrilova, T. (2014). Modern Notation of Business Models: Visual Trend: Foresight-Russia. 8 (2). 567 Mason, H. (2015). Trend-Driven Innovation: Beat Accelerating Customer Expectations. John Wiley Sons Osterwalder, A. Pigneur, Y. (2010). Business Model Generation. New Jersey: John Wiley Sons Sinfield, J. V., Calder, E., McConnell, B. Colson, S. (2011). Corporate Strategy: How to identity new business models. MITSloan Management Review. Teece, D. J. (2010). Business Models, Business Strategy and Innovation. Long Range Planning. 43. 172-194 Toor, T. P. Dhir, T. (2011). Benefits of integrated business planning, forecasting, and process management: Business Strategy Series. 275-288
Subscribe to:
Posts (Atom)