Qht1 Task3

In: Business and Management

Submitted By st3520
Words 790
Pages 4
There are many entrepreneurs who come together as an organization and build an entrepreneurial culture to seek opportunities for innovations. An entrepreneurial culture is an environment where entrepreneurs are inspired to create new innovations. Innovation is basically to have a new idea, to change something from the old and make it new. The way people interact with one another and recognize their environment is all a part of a culture. In a business industry setting, entrepreneurial cultures are defined as the business owners getting together to inspire each other to brainstorm new ideas/ products, innovations. There are many companies out there that exemplify innovation. One that comes to mind and I believe everyone can agree is Apple Inc. Apple is known for their cell phones, however they are always improving. How many new phones have they come out with in just the last 2 years? They have phones with different data storage, different sizes, and they are always adding new ways to appease the consumer. But why is innovation important? I have listed a few examples stating why entrepreneurial organizations seek out probabilities for new innovation.
One reason these entrepreneurial organizations seek opportunities for innovation is to offer their consumers new products/services. Their development of new products and approaches sharpens the industry which is in the long run is valuable to the consumer. New products and services are the essence of all businesses. This is crucial to business growth and profitability. No business can carry selling the same original/old product, without making adjustments. Without any changes to product sales would drop and profits will diminish, consumers always "need and want" endless changes. Business owners must respond to the ever need of change through their goods and services. Consumers will switch to a competitor’s product…...

Similar Documents

Mgt2 Task3 a

...Project Metrics and Performance Telecommuting Expansion Xemba Translations 47254 Lake Front Way Bellevue, Washington September 1   The metrics that best work to measure Xemba Translations performance on this project is project diagnostic metrics. While not all risks of a project can be mitigated, using this objective data based on these metrics will make a huge difference to mitigate risk. Using diagnostic project metrics is like using a thermometer to assess the projects current status. This can help eliminate or mitigate the issue before it becomes unmanageable at the close of the project. This can help avoid the, should have, could have, would have moments that may happen once the project closes and gets reviewed from a retrospective project metric. With the diagnostic project metric when an issue does arise a contingency plan can be created if there is a trend toward a major risk as well. Diagnostic project metrics use current project statistics to gage where the project stands throughout the work of the project. This allows the project manager the ability to make better decisions along the route of the project to mitigate risk. Metrics that help improve the decision making, help aid to lower the risk of any project. Diagnostic metrics are comparative measures. The metrics compare a baseline (usually set at time of planning the project) to current project actuals. The actuals are compared to an earned value figure that is determined by where the project should......

Words: 2311 - Pages: 10

Tft2 Task3

...TFT2 Task 2 Thomas Garner Student ID: 336227 Information Security Modification Recommendations Service Level Agreement Between Finman Account Management, LLC, Datanal Inc., and Minertek, Inc. After careful review of the current Service Level Agreement(SLA) “A Service Level Agreement for Provvision of Specified IT Services Between Finman Account Management, LLC, Datanal, Inc., and Minertek, Inc.” we have determined that standard Information Technology security measures have not been addressed fully. Following are the recommended changes highlighted in the specific sections that need to be addressed. These changes are being recommended to protect Finman’s data and intellectual property. Established standards such as Best Management Practices(BMP), International Organization of Standards(ISO) and the Information Technology Infrastructure Library(ITIL) for the proper handling, storage and protection of IT resources are used as guidelines for these recommendations. Recommended Changes to SLA: Section 3 Background and Rationale Modifications: Finman views this SLA as a groundbreaking venture to harness the diverse array of IT-borne customer demands and opportunities that cannot be met by adhering to traditional paradigms. Finman’s objectives in the SLA are to compete more effectively in a highly competitive industry by offering its customers a unified IT management plan across an entire organization or even, if the customer wishes, across separate......

Words: 1333 - Pages: 6

Qht1

...The Four Key Barriers to Communication Process Barriers A process barrier is referring to how a message is sent and received. I would overcome this barrier as a manager by focusing on the words and tone of my message to ensure it is being communicated clearly. One way to ensure that the message is being received and understood is to have the receiver repeat back what I have told them. This is especially important any time I am giving constructive or difficult feedback. I would ask them to tell me in their own words what they understood from my message to make sure it is clear to both of us. I would try to communicate the message without mixing in or letting my personal feelings influence the message. Personal Barriers Personal barriers can come from your own personal feelings toward a person with whom you are communicating. When communicating I want to keep my personal feelings out of the communication. As a manager, if I had a personal barrier with an employee, I would make sure to keep those feelings out of the message and just communicate what needed to be shared. I would want to ensure that all employees are being treated equally and with the same amount of respect. When all else fails, electronic communication is a good way to communicate without letting personal barriers show through as you can just communicate the message and it is much more difficult to show feelings through nonverbal or verbal ques. Physical Barriers Physical barriers would be when...

Words: 420 - Pages: 2

Qht1

...Costs Effected By Returns and Customer Complaints in Boot Division There are three types of costs when quality considerations are made, appraisal costs, prevention costs, and failure costs. Failure costs include internal and external failures. An explanation of these costs are listed below: * Appraisal costs are costs that the company incurs to ensure quality or uncover defects. This includes but is not limited to costs such as testing equipment, inspection of materials, labs, quality audits, field-testing, and other inspection costs. * Prevention costs are the costs associated with preventing defects from occurring. This includes costs such as the designing a better quality product, increased maintenance on equipment, quality control procedures, training of employees, planning and administration procedures, working with vendors, and any extra time that is devoted to decreasing the probability of defective workmanship. * Defective parts or products by faulty services cause failure costs. * Internal failures are failures that are discovered during the production process or prior to the customer ever coming into contact with the product. There are many reasons the internal failures can occur including defective materials, incorrect methods or processing, or faulty equipment. * External failures are failures that are discovered after the customer has the product. This type of failure becomes very costly to......

Words: 278 - Pages: 2

Wgu Qht1 Task 1

...Student: John Loyd Student ID: 000329013 Course: QHT1 Business Management Tasks Task 1 Cost Quality Relationship Product production comes with many types of costs. Four of the most common costs are prevention costs, appraisal costs, internal failure costs and external failure costs. These four costs are called quality costs and are costs that all businesses that produce products will pay. The amount of money that will go to each cost is dependent on the amount spent on the other costs. In other words, an increase in one type of cost can result in a decrease in another. Businesses need to understand the nature of each cost in order to understand for which cost to budget. The first type of cost is prevention costs. Prevention costs are the most vital costs in which to invest. Prevention costs are the costs that are acquired when the company prevents the occasions of defects in the first place. Basically, this is the cost of producing quality products. These costs include improvement in the manufacturing methods used to make the product, properly maintain the equipment that is used, maintaining a good relationship with vendors, employee training and more. Any cost that is associated with the lessening of creating faulty products is a prevention cost. For instance, a company that pays trainers to fully train each employee and offers paid training will see a decrease in the human error involved in manufacturing. A company that does not take the time to do this......

Words: 872 - Pages: 4

Mlt Task3

...Four classes of flagellar arrangement: Flagella are the extended, lash-like projections protruding from bacteria that move said bacteria towards food and etc… Most cocci bacteria are non-motile (have no flagella). Each class of flagella has a distinct number of flagella and where the flagella are located on the bacteria is unique to each class. First there is the Monotrichous class. This class ha a single polar flagellum on one end of the bacteria or the other, an example of this is the Vibro Cholerae bacteria. Next there is the Amphitricous class. This class has one flagellum at both ends of the bacteria; an example of this class is the Alcaligenes Faecalis bacteria. The third class is that of Lophotrichous. The bacteria in this class have a tuft (multiple) flagella at one of the ends of the bacteria, or tufts at both ends of the bacteria. An example of Lophotrichous bacteria is Spirilla. The fourth and final class is Peritricous. Peritricous bacteria have flagella surrounding the cell on all sides of the bacterium. This is evidence on the Typhoid bacilli. Inoculating with a needle vs a loop: When there is a liquid medium or during plating is when an inoculating loop is used. With a soft agar medium the inoculating needle is used to transfer specimens. A sterile needle generates a sharply well-defined stab line when used to inoculate a motility tube. This permits growth to move along this stab line and thus becomes visible which specifies that the......

Words: 421 - Pages: 2

Tft2 Task3

...Information Security Modification Recommendations Service Level Agreement Between Finman Account Management, LLC, Datanal Inc., and Minertek, Inc. After careful review of the current Service Level Agreement(SLA) “A Service Level Agreement for Provvision of Specified IT Services Between Finman Account Management, LLC, Datanal, Inc., and Minertek, Inc.” we have determined that standard Information Technology security measures have not been addressed fully. Following are the recommended changes highlighted in the specific sections that need to be addressed. These changes are being recommended to protect Finman’s data and intellectual property. Established standards such as Best Management Practices(BMP), International Organization of Standards(ISO) and the Information Technology Infrastructure Library(ITIL) for the proper handling, storage and protection of IT resources are used as guidelines for these recommendations. Recommended Changes to SLA: Section 3 Background and Rationale Modifications: Finman views this SLA as a groundbreaking venture to harness the diverse array of IT-borne customer demands and opportunities that cannot be met by adhering to traditional paradigms. Finman’s objectives in the SLA are to compete more effectively in a highly competitive industry by offering its customers a unified IT management plan across an entire organization or even, if the customer wishes, across separate departments and divisions. Datanal, utilizing sophisticated data-mining......

Words: 1317 - Pages: 6

Qht1 Task 1

...QHT1 Task 1 3.04.3 Memo To Jane Doe-Supervisor Date: June 15th 2015 Re: Cost of quality As has been well documented that when it come to quality, there are three major costs to consider that will affect price, customer loyalty, market share and so forth right down the line. These are appraisal costs, prevention costs and failure costs, both internal and external. Please see explanation below. Appraisal costs consist of and are not limited to things like testing and inspections of products and production equipment, quality audits, laboratory research and field-testing. An example of this being the monthly shutdowns of the production equipment for maintenance, inspection and repair. Also the weekly lab testing both destructive and non destructive. Prevention costs are the costs associated with preventing defects from happening at all, such as training of employees, production workers, and vendors that supply parts and labor. Also planning and administrative costs and other quality control measures. An example would be the new hire training and on going continuing education programs for all employees associated with production. Internal failure costs would be cost associated with failures in the production plant. These failures can be from inferior raw materials, improper production techniques, worn or faulty production equipment or simply human error. An example being last month when the production furnace temptaure was mistakenly set at 850 degrees......

Words: 449 - Pages: 2

Biochem Task3

...BIOCHEMISTRY GRT1 Task 3 Breanna Jordan Alpha Beta Beta Alpha Oxygen Iron Atoms Heme Groups Oxygenated Hemoglobin * Formed via transportation of O2 to cells in tissue * O2 adheres to heme protein in Hgb * T (taut state) R (relaxed state) makes binding easier or releases De-oxygenated Hemoglobin * is not bound to oxygen molecule * Higher absorption * Blue-ish in color Bohr’s Effect CO2 produced through citric acid cycle, Hg carries oxygen from lungs to body's tissues. Hg releases oxygen for CO2 and affects pH levels. Normal pH range is 7.2 - 7.4 ↓ pH causes ↑ in the amount of oxygen being released in hemoglobin. An elevated pH will cause the oxygen to bind the hemoglobin proteins in RBCs. ("Hemoglobin," n.d.) RBCs are round cells that have concaved centers. They are flexible making it easy to move through blood vessels. Sickle cell RBC's are developed from mutations in DNA - mRNA transcriptions. They are crescent shape and become fibrous. This causes them to stick to one another. Once they begin to stick, the deoxygenated cells are unable to travel to the lungs to receive oxygen. As the CO2 builds up this causes lack of oxygen to the tissues causing pain. Sickle Cell cells also cause anemia due to the fact cells die faster than normal RBCs. Sickle cell disease is an inherited autosomal recessive pattern disorder. For a child to inherit the disease both parents must have the trait...

Words: 357 - Pages: 2

Qht1 Task 4

...Name QHT1 Task 4 9/6/2015 As a manager of a business it is important to know how to overcome the communication barriers. I will list the four key types of communication barriers and how to avoid them so a company can run more productively. The four categories are process barriers, personal barriers, physical barriers, and semantic barriers. Process barriers are having an issue of communication between the sender and the receiver. An issue occurs when the message has too much information and it’s confusing, having a fear of criticism or language differences. To tackle this problem, as a manager I would apply such methods as explaining my message I send to make sure the receiver understands it, or just set up meetings or conduct one on one conversations to communicate messages. Personal barriers are the real or imagined deterrents between you and the success you want to achieve. The best way to overcome personal barriers is to identify what keeps you from achieving your goals, and then take steps to remove those barriers and focus on the positives. It’s also important to not overstep privacy boundaries of others. (Barriers to Effective Communication) Physical barriers can prevent people from having effective communication The environment can have an effect on it, such as not be able to communicate clearly because of weather conditions, or being in an area where it’s too noisy and crowded it can be hard to hear what the other person is saying. Important work related......

Words: 448 - Pages: 2

Task3

...Unit 3- Introduction to marketing Task 1 Cadbury’s and Matalan have a lot of aims and objectives in which they need to target. The difference between an aim and an objective is that is that an objective is short term target as well as they help companies to reach their aim, which is a long term target used to make a business successful. Cadbury’s One of their objectives is that they aim to bring out a new product every year. This is a specific goal because it is well laid out and will gain more profit from the customers. It can also be said that it is measurable because, if the company waits until everyone has brought the product then brings out a new product, it can be an indicator to whether the customers have liked the old product enough to buy the latest product being sold. This can be achievable because, a lot of businesses use this as an objective but the way Cadbury do it efficiently is that they are always ahead and instead of doing the improvements to the new product when the old one has stopped being brought, Cadbury do the improvements to the upcoming product while the latest product has just been released. Another objective is that they exploit technology so therefore, they can upgrade their growth and quality of products. This goal is specific in the way that it is more efficient and saves time for the business to work on more things such as the product which has not been retailed yet or improving the latest product. It has to be measured in a way which......

Words: 1489 - Pages: 6

Task3

...Task 2: Misrepresentation In this task I will be describing the law with respect to misrepresentation in a given situation, I am also going to be identifying factors which invalidate and vitiate contracts with regards to misrepresentation. “Misrepresentation is a tort, or a civil wrong. This means that a misrepresentationcan create civil liability if it results in a pecuniary loss. For example, assume that areal estate speculator owns swampland but advertises it as valuable commerciallyzoned land. This is a misrepresentation. If someone buys the land relying on thespeculator's statement that it is commercially valuable, the buyer may sue thespeculator for monetary losses resulting from the purchase.” http://legal-dictionary.thefreedictionary.com/misrepresentation The effect of a finding of misrepresentation is the contract is voidable which means that the contract exists but it can be set to aside by the representee. The solution available depends on the type of misrepresentation, but generally consists of recession and or damages. In some circumstances the right to rescind the contract can be lost. The law that relates to misrepresentation is found in common law with the misrepresentation Act 1967. There are 3 types of misrepresentation: innocent misrepresentation, negligent misrepresentation and fraudulent misrepresentation. Once it has been established that a false statement was made and that it induced the contract, it needs to be decided what type of......

Words: 1121 - Pages: 5

Mct2 Task3

...Overview This document provides outline of the instructional guide for audience of ebay and etsy web sites which enable users to sell their own goods online. The audience of the guide is mostly non-technical users who need detailed instructions to achieve the task. Outline I. Ebay a. Ebay is primarily service providers who connect the sellers and buyers by providing platform to sell and buy any goods. b. Selling formats c. Fees d. Listing types e. Payment methods/providers f. II. Etsy a. Ebay is primarily service providers who connect the sellers and buyers by providing platform to sell and buy any goods. b. Selling formats c. Fees d. Listing types e. Payment methods/providers Genre conventions The document is of user manual/instructions genre. The document follows below conventions: • Introduction • Sections headers (table of content) • List of additional contacts/support The document follows many principles of good technical documentation: 1. Technical document keeps user feedback and improvement option open. This is a very good principle to increase usability and adaptability of any technical document. 2. The document provides visual aid to facilitate easy comprehension and understanding. The screen shots of the desired state help user to relate to the document faster and gives them confidence that they are on right track to achieve the desired result. 3. The document uses simple instructional English which is adequate to convey its......

Words: 884 - Pages: 4

Qht1

...memo Company name | To: | John West Director of Southern Division | From: | Lorelei Skabowski | CC: | Managers | Date: | 7/22/2016 | Re: | Vehicle Fleet Costs | Comments: | | We have done a great job this year driving our business forward and delivering on revenue and market share. Importantly, our division has been vigilant on costs and we have been able to manage our overall cost structure aggressively. However, as you are all aware, we continue to operate in a difficult environment, and we have more to do on cost savings. I have spent the last couple of months reviewing research on the best approaches. I am now comfortable summarizing my finding on our direction. Cost of quality is a methodology that allows an organization to determine the extent to which its resources are used for activities that prevent poor quality, that appraise the quality of the organization’s products or services, and that result from internal and external failures. Having such information allows an organization to determine the potential savings to be gained by implementing process improvements. Quality-related activities that incur costs may be divided into prevention costs, appraisal costs, and internal and external failure costs. I want to review the three (3) types and how they affect your Cottman garage. Prevention costs are attempts to prevent defects from occurring. They include costs from planning and administrative systems. Topics to think about training of......

Words: 870 - Pages: 4

Jft2 Task3

...Presenter notes Slide 1: Title Slide 2: The Utah Opera is an adhocracy culture. An adhocracy culture is one that is externally focused and values flexibility. This type of culture is adaptable, creative, and reacts to change quickly (Kreitner & Kinicki, 2010). The opera shows these qualities in their culture. The opera values flexibility, and has tailored their business model to allow for adjustments in both the size of the opera and fundraising projects. This allows for them adjust their operations in a timely manner as needed in order to meet profitability goals. The general nature of the opera fosters the creativity that is required for the adhocracy culture, since they are an arts program. The opera focuses less on their budget and more on their fixed assets than the symphony. The opera is also externally focused out of need. A majority of their income comes from ticket sales, so they must deliver enough high-quality performances to please the customers. Additionally, the opera is structured in such a way that decisions lie with a variety of directors who have the skills and knowledge to make decisions about their departments (DeLong, 2005). The Utah Symphony is a hierarchy culture. A hierarchy culture is one that is internally focused and emphasizes stability and control. They value standardization, control, and a well-defined structure for authority and decision making. This is supported by having Chairman of the board and a music director. The hierarchy...

Words: 3793 - Pages: 16