Integrated Business Experience (IBE) is an entrepreneurship experience program conducted by second year School of Business Management ITB students. It requires students to create and run their own business in one year. In first semester, students have to research and develop their product, they also have to make their business plan. In the end of semester, they have to pitch their idea to the bank to get a loan for running their business in the second semester. They are not allowed to start their business until they get a loan from bank. The banks already prepared by SBM ITB. Within four to five months in second semester, students are making and selling their product. At the end of second semester, they have to present their business report to the lecturer and bank.
Integrated Business Experience (IBE) curriculum is changing each year to keep the entrepreneur education up-to-date with the real trend. Within 3 years, IBE has changed the requirements and rules constantly. In 2011 and 2012 IBE program, each of IBE companies consisted of 20 students who was already chose by lecturer. One group must have sold at least three products and one of them should be the co-creation product with other faculty students. In 2013 IBE
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They also only need to sell one product but they are not as free as the previous batch in choosing their product. There are new rules of rewards and penalties in choosing their product. If their product is bag, they will get 20 points reduction. If the product is accessories, it is 10 points reduction. They will get addition 10 points if their product is food or beverages and get 20 points addition if their product is tech-based product. There is no point added or reduced if their product has never been sold in IBE previously. These new rules are made to encourage students to create a new product and to avoid product
Many businesses employ the incentive tactic to boost sales. These firms introduce new merchandise to the market in order to attract new shoppers, and allow some diversification of their products. Consider all the different types of creamers, cheeses, bicycles, toys, and televisions gratifying the masses of today. There are literally millions of assorted goods produced ...
Businesses exist to produce goods and services. If someone is thinking of starting up their own business or becoming part of an existing business, they would have to have the knowledge of what makes business work successfully and know how to how to apply that knowledge in the particular area of business. For this unit I will be entering and exploring the world of business. For this unit I will encounter and evaluate information provided by certain businesses and actually gather my own information from at least one business. The business I have chosen to study is J Sainsbury’s.
Assignment Front Sheet Learner name Learner ID Card Number Mohamed NizamAssessor Name Date Issued Date due Submitted on 4 April 2017 Task 1 and 2: 29 April 2017 Qualification Unit number and title MAPS Associate’s Degree in BM/HRM/Accounting/Marketing Management BTEC HND in Business (Management/HR/Accounting/Marketing) Unit 20 - Sales Planning and Operations Assignment Title Task 1: Sales Plan Task 2: Importance of Sales Function Task 3: Sales Presentation of (selected product)
A company called Creative Learning Center, a fictitious company is selected for the purpose of this integrative learning project. Creative Learning Center is a child care services who also offer extended care that incorporates Christian-based curriculum for children from toddlers age to five years old. The mission of the Creative Learning Center is to provide first-rate child care services in a warm, safe and nurturing environment while reinforcing a child’s intellectual, mental and physical development. The Creative Learning Center takes a Christian-based team approach utilizing experienced and skilled staff whose profession is nurturing and educating the youth. The target market place for Creative Learning Center is the middle to upper class households with two incomes. This target group has two parents working and need day care and after school care services that can accommodate their schedule. This targeted group will have the income for child care services and is willing to spend more to get quality care and academic enrichment for their children. Since Creative Learning Center’s values is based on Christian beliefs, the company will also offer grant program for those home in the lower income bracket. Creative Learning Center believe that low-income children show have the same opportunity as the children from middle to upper class income households in developmental enrichment activities.
Presentation: in this P1 I will clarify two unique organizations that what their motivations are, and what sort of possession are they and what is the kind of their business. I have chosen two organisations one is Tesco, and one is Oxfam. Also they are different in size and have different statement.
What major technology change has had the greatest impact on the quality of your life?
The outcomes of this task will be different. Power point presentation, summary sheets, interactive games, videos and oral discussion could be used. To ensure diversity, equality as well as quality work, I will prepare a set of criteria per product in which the students need to meet. Students will be empowered by having the authority to choose, which promote effective learning. Meanwhile I will ensure that suitable choices were made. This methodology will cater for students’ differing interest, aptitude and learning style
It means design specific cognitive activities and application of those ideas during the process of designing. IDEO team uses Divergent and Convergent thinking in all the phases. Through divergent thinking, they have a broad set of ideas which are then funneled with convergent thinking.
I have gained knowledge in each of my classes, but the greatest piece of information I have gathered is from my Business Competition 109. This course is taught by professors Crawford, Huston, and Polito in St. Francis Hall. The courses goal is to teach us teamwork skills, small business skills (being able to start one and the ability to run it successfully), and the time management since the course is on a schedule. The idea to separate the students into groups, have create a business plan and present there idea to the professors and their fellow classmates. At the end of the semester we present to local business people who will then vote on the top four businesses, taking into account profitability, presentation skills, and the quality of the business plan.
I am ready to begin an educational experience at Olin Business School that will provide me with the business knowledge I lack at this point in my career in order to shape my future business career and succeed in the financial field. I am confident that my professional experiences reinforced by the personal dedication, hard work and business ethics I have built in the last five years have refined me to seek a superior education from Olin. I am very excited to be able to challenge myself by setting my professional goals very high knowing that an MBA from Olin will undoubtedly help me to reach my short-term and long-term goals and support me to prolong my passion throughout my career.
As a business student, I always want to apply theories into practice and try to find the business opportunities in our daily life. I found that it is a burden for graduates to deal with their unwanted stuff. So I offered to help them organize, and collected used books that they want to throw away in the process, then classified these books according to the types and degree of old and new, sold second-hand books at a low price to freshmen when they entered university in the beginning of the next semester. In this way, not only senior students cost less time to deal with waste, but also freshmen could get their text books conveniently in a cheap price. To make my accounting knowledge into practice, I take part in the summer intern in HAND Enterprise Solutions Co., Ltd in July 2016. This gave me the experience of working as an accountant under ERP system, while showed me the skills and knowledge required for a future career. I realize that financial system is of vital importance in the operation of a business. Companies need to keep records of every aspect in business process, for example, the initial capital, loan repayments, cost of raw material, cost of labour, etc. And every once in a while, they also need to complete several statements, supervise the financial status and make plans for
I develop and deliver technical solutions to collection of applications used by retail giants across the globe. My responsibilities have given me scenarios to put on my problem solving and interpersonal skills in real life situations. Frequent interactions with client aroused in me, an urge to get into a management consultant role. But, with time I realized that I have to upgrade my skill-sets and make myself more relevant and attractive to the job market. I also realized that I have to diversify my aspects of management such as leadership, entrepreneurship and finance etc. and Broad MBA will equip me with these skills and will increase chances of succeeding in my goals, manifold. After accomplishing virtuous knowledge of IT industry, I believe that Broad MBA program will help me learn more about business problems drawn from real-life scenarios and prepares me to take the next step toward career success. I believe Broad is more than just a place to learn. Through Broad MBA, I will not only shorten my learning cycle but also get a chance to learn from world class faculty, established curriculum and diverse peer groups. This innovative pedagogy will help me put the big foot forward towards my goals, build a professional and personal network and edify me as where to look for information and how to interpret it, when required. The Broad is well respected for the quality of its program, which has been recognized for its cutting edge design and delivery, with rankings that indicate its place among the top tier programs around the world. It will help me create a unique learning experience and it will be my passport to new world of opportunities. While global economic vagueness make me, insecure but I believe that now these challenges wil...
The world of business has undergone radical and dramatic changes in the last decade changes that present extraordinary challenges for the contemporary manager. A manager is an organizational member who is responsible for planning, organizing, leading, and controlling the activities of the organization so that the goals can be achieved. According to a widely referenced study by Henry Mintzberg, managers serve three primary roles: interpersonal, informational, and decision-making. Management is process of administrating and coordinating resources effectively and efficiently in an effort to achieve the goals of the organization.
My long-term professional aspiration is to enter the field of international management consulting. A MBA from your school in interdisciplinary studies will enhance my understanding of all aspects of business. This will contribute significantly to becoming effective in the consulting profession. I am extremely enthusiastic about the future of International Business. I believe that there are major breakthroughs yet to be made in the field. After completing a MBA in your school, I hope to gain practical experience and exposure with a major international business firms. Eventually, I wish to establish my own consulting company providing various financial and managerial services.
We learned a lot of things in this course, but I think the most important lesson I learned is that it’s not easy to be an entrepreneur. I was surprised to hear in the first class that 80% of startups fail, but after reading The Art of Start and E-myth Revisited I understood why this happens more often than one might expects. Some people start their own businesses for the wrong reason and some start with wrong mindset. I’ve always thought that if someone has a brilliant business idea and hardworking they will succeed and grow their business. However, now I know that there are many things to consider before starting any business. In fact, there are many strategies that an entrepreneur could follow to achieve success, such as know your customers, work “on” the business, and how