Cebu Technological University

Main Campus M.J. Cuenco St. corner R. Palma St., Cebu City

GRADUATE SCHOOL

MIDTERM EXAM QUESTIONNAIRE

Name: RACHEL S. FLORES Course: BSED (TLE-HET)

nd
Subject: BUSINESS MANAGEMENT (2 Sem: SY-2018-’19)

I-Create your own business plan.

II-Discuss retail management decision process based in your business plan.
III-Discuss the importance of IPO in your proposed business plan.
IV- Site and illustrate product life cycle.

ANSWER:
I. (Please check BUSINESS Plan in the save folder)

II. As the owner of Rachel’s Baking Delights, the first thing I did in putting up everything which
also help me to do the retail managing process is PLANNING. First, I consider to do then the
market search in order to decide and to venture into the retail industry. I also consider and
decided on what to sell and how to sell it. (Referring to my baking products) Second, to look
over with the logistics that includes detailed organization of how products will move from the
supplier to my stores in the event that you are the one collecting them. This has to do with the
transport options which you have available, considering the relevant costs. Apart from
transporting, time is also crucial in this stage. It is not enough to know where to get goods from.
It is equally important to know what time it will usually take to get them to your store. Part of this
is the time spent having the purchase order processed at the point of purchase.

III. Rachel’s Baking delights is just starting a small business. An initial public offering, or IPO for
short, allows a privately held business (like RBD) to raise capital by offering equity interests in
the company to the public. Since we just started, the IPO helps the RBD business stands to
gain through an initial public stock offering is access to capital. By offering it to the public it
somehow enhanced credibility with many suppliers, customers, and lenders, which may lead to
improved credit terms. Yet another advantage of this of going public, this involves the ability to
use stock in creative incentive packages for management and employees. Offering shares of
stock and stock options as part of compensation may enable a business to attract better
management talent, and to provide them with an incentive to perform well. Employees who
become part-owners through a stock plan may be motivated by sharing in the success of my
business. And also, the initial public offering provides a public valuation of Rachel’s Baking
Delights .This means that it will be easier for my Bakery business to enter into mergers and
acquisitions, because it can offer stock rather than cash. Because I believe business that goes
public may also find it easier to obtain capital for future needs through new stock offerings or
public debt offerings.

IV.
 Cebu Technological University
Main Campus M.J. Cuenco St. corner R. Palma St., Cebu City

GRADUATE SCHOOL

FINAL TERM EXAM QUESTIONNAIRE

Name: RACHEL S. FLORES Course: BSED (TLE-HET)

nd
Subject: BUSINESS MANAGEMENT (2 Sem: SY-2018-’19)

I- Illustrate the importance of organizational design in business.

II- Discuss the significance of location in a business.
III- Discuss your succession planning from your proposed business plan.
IV-Discuss the importance of business ethics and corporate responsibility.

ANSWERS:

I. Many people are asking about the importance of organizational design in business. It
is really useful in the world of business? In what way? Here it is. A good organizational
design helps improve communication, increase productivity, and inspire innovation. It
creates an environment where people can work effectively. An organizational design is
the process by which a manager selects and manages elements of structure so that an
organization can control the activities necessary to achieve its goals. Organizational
structure is the formal system of task and activity relationship so as to be clear to how
people coordinate their actions and use resources to achieve organizational goals.
Businesses require structure to grow and be profitable, otherwise you'd have people
pulling in all sorts of different directions. Planning the structure ensures there are
enough human resources with the right skills to accomplish the company's goals, and
ensures that responsibilities are clearly defined. Each person has a job description that
outlines duties, and each job occupies its own position on the company organization
chart. Having an organization design is for purpose of being organized is to achieve
goals and objectives by fully utilizing available resources. Being organized is the
process by which the work is divided among departments and employees, and these
department and jobs are linked together to form a unified system. It shows the
organization design of the company. This organizational design also shows the chart of
the company. Also, included the work specialization, chain of command, span of control,
degree of centralization, and not forgetting the departmentalization of an organization.
To be effective, the overall organization design must be aligned with the business
strategy and the market environment in which the business operates. It must also have
the right business controls, the right flexibility, the right incentives, the right people, and
the right resources.

II. The location of a business can make an important difference to its success. Choosing
the right location means taking into account a number of factors. The location of a
business positions it not only to attract a customer base but also to attract the right sort
of talent to make the business a success. A business’s location also helps it create a
brand and image, since there are always parts of a city that carry a reputation, whether
it is a reputation for simple living or a reputation for luxurious extravagance.
There are several factors to consider when choosing a business location. One of
the first concerns of any business owner should be toward establishing a business that
appeals to the local demographics. If the people in an area have no need for a specific
kind of business, then there will be little traffic. Conducting market research can help
identify parts of a city where a business will thrive. It’s also important to consider the
location costs. The surrounding area might be high traffic, but the cost of that high traffic
may come in the form of higher rent. Business owners should find a balance between
well-trafficked parts of town and the cost of the planned location. Again, researching an
area in advance is the best way to identify whether it will make a suitable home for the
business.
There are also other factors that come into play when choosing where to locate a
business. Amenities in the surrounding area, such as available parking, may attract
customers to the area. Business owners will also want to consider whether the
surrounding area has a well-developed infrastructure. Without sufficient connections, it
may be difficult to maintain a consistent internet connection, which may impact the
efficiency with which the business conducts its operations. Equally, choosing a location
in a creative part of town will have an influence over how creative your business is
assumed to be. Much in the same way as we make assumptions about people based
on the circles in which they move, our business can also be viewed differently
depending on the location we choose.

III. Business succession planning is an important part of operating a business,

especially for small-business owners(like me) and owners who are nearing retirement.
By making business succession arrangements early, owners help make a smooth
transition and minimize any negative effects of their departure on the company.
Rachel’s Baking Delights make sure the business are prepared for all contingencies
by identifying and training high-potential workers for advancement into key roles. In
case of employees resign, retire, are fired, or get sick, we make sure to lead from the
top, means, me as an owner lead the work and perform hands-on work in my own
business. It is also important (as the owner) t o have conversations with my employees to
find out what their career goals are, where they see themselves in the future, and what
development they feel they need in order to get there. I always let them know that I will
continue to help them develop so they can stay fresh in their positions. To feed their need for
recognition, I also expand their responsibilities to include training less-experienced employees
or encourage them to speak at industry conferences. Because I believe the possibilities are
endless when it comes to personal development.

IV. Ethical behavior and corporate social responsibility can bring significant benefits to a
business. In a business sense, these ethics are decided upon and formed by each
company and underpin the decisions that anyone in the business makes.  The
decision to behave ethically as one individual to another is easy for any decent moral
human being, but it is easy to forget the impact a large, faceless business can have on
the world.  Business Ethics and Corporate Social Responsibility are all about bearing
in mind the full weight of any corporate decision. Working as an ethical business has
many benefits, not least of which is the ability to attract and keep investors, employees
and customers.  Knowing that the company they deal with has stated their morals and
made a promise to work in an ethical and responsible manner allows investors peace
of mind that their money is being used in a way that aligns with their own moral
standing. When working for a company with strong Business Ethics, employees are
comfortable in the knowledge that they are not by their own action or inaction allowing
unethical practices to continue.  Customers are at ease buying products or services
from a company they know to source their materials and labor in an ethical and
responsible way. Reputation is one of a company’s most important assets, and one of
the most difficult to rebuild should it be lost. Upholding the promises it has made is
crucial to maintaining business reputation. Ethical practices can go beyond just
making sure your business does not have a negative impact on people and the
environment.  It can also mean dedicating a portion of your company’s time and
resources to actively improving these areas – for example investing in building in
developing countries, investing in community programs, lobbying for political change,
encouraging employees to donate their time and expertise to other projects (at your
company’s expense) and so on.  This level of Business Ethics is the most
commendable and should be something all companies strive for in this day and age,
so that higher standards can be achieved for all in the future.