Starting a Business: Key Factors and Viability
Item 13 – Starting a Business: Definition: A draft initiative by a person or group of people who are economically active for financial gain or social aspects. The aim is to carry out the project with:
- Material resources, financial, and human resources for the creation of the company.
- Organizational skills, technology, and professional expertise to manage the company.
- Personal ability to understand a business initiative with responsibility and in an environment of risk, taking risks.
Factors Needed to
Read MoreTechnological Innovation: Definitions, Classifications, and Impact
Technological Innovation
Introduction
Pressure for Innovation: A company that does not innovate faces strong pressure from competitors that do.
Innovation and Protection of Markets: An innovating company can only survive in protected markets in the medium term. In open markets, innovation is a competitive resource.
Approach to Innovation:
- From engineering: An analysis of the process that can transform scientific knowledge into successful innovation.
- Economist: Focuses on the acceptance and success of
Understanding VUCA, Cloud Computing, and Digital Transformation
Understanding VUCA in Today’s Business Environment
VUCA stands for:
- Volatility: Rapid rate of change
- Uncertainty: Unclear about the present
- Complexity: Multiple key decision factors
- Ambiguity: Lack of clarity about the meaning of an event
Types of Companies
Companies can be categorized into three main types:
- Industrial Companies: Focus on the production of goods through the extraction and transformation of raw materials. Transformation companies buy raw materials, transform them, and sell them as final
Quantitative Data Analysis: Resources and Team
Essential Resources for Quantitative Data Analysis
Performed Quantitative Analysis: Most Common Means
- A computer with sufficient capacity to work smoothly with the regular programs of statistical data analysis (e.g., SPSS).
- Availability of photocopiers and paper.
More Specific Means
- A scanner designed to perform content analysis of texts.
Materials Supplied
- Final report
- Preview of conclusions
- Literal transcription of interviews and/or focus groups (in qualitative research)
- First complete result tables, with
Business Structures, Management, and Operations
Key Business Structures and Concepts
Syndicates: Temporary associations of individuals or firms organized to perform a specific task that requires a large amount of capital.
Mergers: The purchase of one corporation by another.
Types of Industry: Distribution, service, production.
Business Planning and Franchising
Business plan: A carefully constructed document for the person starting a business, covering communication, management, and planning.
Franchise: A license to operate an individually owned business
Read MoreOccupational Hazards Protection and Prevention
Article 14. The Right to Protection Against Occupational Hazards
Workers are entitled to effective protection in safety and health at work. The law requires employers to protect workers against occupational hazards. This duty of protection also extends to public authorities in respect of their personnel. The rights to information, consultation and participation, training in prevention, stoppage in case of imminent and serious risk, and monitoring of their health status, as provided in this Act, are
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