Business Resources

A:

The primary advantages of a flat organizational structure in business include direct involvement of workers in the decision-making process, better communication flow, faster response times to business challenges, and an open, collaborative environment that promotes idea generation and innovation. A flat organizational structure is characterized by few or no levels of middle management between workers and a company's top executive according to Forbes.

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  • What is needed to start a sandwich shop?

    Q: What is needed to start a sandwich shop?

    A: As with any other kind of business, starting a sandwich shop requires money, resources and the approval of state and/or city officials. The first thing any entrepreneur needs to do before starting a business is to request the appropriate business license and permits.
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  • Where can I find free and fun team building games and activities?

    Q: Where can I find free and fun team building games and activities?

    A: The Team Building Directory lists many ideas for free and fun team building games and activities. There are several team building exercises listed by the Team Building Directory which are provided by Fresh Tracks, a company that specializes in creating and offering corporate team building and team building development days for some of the biggest companies in Europe.
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  • What are the required breaks for an eight-hour work day?

    Q: What are the required breaks for an eight-hour work day?

    A: According to the Houston Chronicle, the U.S. Department of Labor does not enforce an eight-hour workday or mandate specific breaks; it does, however, require payment for breaks shorter than 20 minutes. Nineteen states have laws governing workday breaks, though only seven states enforce eight-hour workday rules, as of 2013.
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  • What is an informal meeting?

    Q: What is an informal meeting?

    A: An informal meeting is any meeting that isn't highly structured and doesn't have a specific length, scope or other rigid component such as minutes. Informal meetings are often impromptu and focus on small problems.
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  • What is the definition of organizational resources?

    Q: What is the definition of organizational resources?

    A: Organizational resources are all assets that a corporation has available to use in the production process. There are four basic types of organizational resources: human resources, capital resources, monetary resources and raw materials.
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  • What is the difference between internal and external customers?

    Q: What is the difference between internal and external customers?

    A: While external customers place orders for a good or service and ultimately pay for it, internal customers do not. External customers are also external to the organization supplying the good or service, but most internal customers are not.
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  • What is a presentation package?

    Q: What is a presentation package?

    A: A presentation package is a software program that provides the resources necessary to give a professional presentation for meetings, lectures, speeches or other similar situations. Displays often include slideshows, and other customization options that can be tailored to the presenter's specific needs.
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  • What are the Mandee store hours?

    Q: What are the Mandee store hours?

    A: Mandee, which is a junior fashion retailer, is generally open from 10 a.m. to 9:30 p.m. Monday through Saturday and from 11 a.m. to 7 p.m. on Sundays. The store has several locations throughout Pennsylvania, New York and New Jersey. Therefore, hours can vary depending on location.
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  • What are some examples of pure competition?

    Q: What are some examples of pure competition?

    A: Examples of pure competition include agricultural markets and the Common Stock Market. In pure competition, product prices are set by market demand, not by sellers.
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  • What is the employee of the month criteria?

    Q: What is the employee of the month criteria?

    A: The criteria for an employee of the month award is different for each company that offers such a program, but it is typically based on a person's job performance, attitude and initiative. Additional criteria for an employee of the month award includes, respect, team work, dependability and punctuality.
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  • What is an investigative consumer report?

    Q: What is an investigative consumer report?

    A: An investigative consumer report is a complete report on a person's background that shows his lifestyle, character, reputation and personal characteristics. The gathering of this information includes interviewing his friends, neighbors and colleagues. This report is used to make employment decisions during promotion, reassignment, hiring and retention.
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  • Where can you find sample letters for canceling a business contract?

    Q: Where can you find sample letters for canceling a business contract?

    A: A good source of sample letters for canceling a business contract is Docstoc. Docstoc hosts millions of professional documents and a wide selection of quality samples of cancellation letters. At Your Business is another recommended resource for business owners. It offers a large variety of business forms including contract termination sample letters.
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  • Why is decision-making so important?

    Q: Why is decision-making so important?

    A: Decision-making in business is important because there are consequences to making the wrong decision. When managers are making decisions on behalf of the company, it is important that they weigh their options because poor choices can result in legal, financial or brand issues.
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  • What is a business solution?

    Q: What is a business solution?

    A: A business solution is a combination of ideas used to help a company achieve its objectives. A business solution comes in terms of marketing, payroll, auditing, accounting market research and analysis, among other essential business activities. Businessmen set up companies to solve specific business problems. They specialize in a given niche depending on the problems in the market. A business problem is a need that a company strives to provide.
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  • Why is health and safety important in the workplace?

    Q: Why is health and safety important in the workplace?

    A: Workplace health and safety procedures are necessary for protecting employers and employees against certain hazards, such as disease and poisonous chemicals, according to Sherrie Scott for the Houston Chronicle. Guidelines are meant to enhance productivity. Health and safety procedures are also in place to prevent workplace violence.
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  • What is the difference between operating profit and net profit?

    Q: What is the difference between operating profit and net profit?

    A: Operating profit only covers the gross profit, minus direct operating expenses for the company while net profit includes all gains and losses by the company, including tax payments. Operating profits do not cover taxes paid, company assets sold or expenses not related to the company's operating costs. Net profit is the amount of money that the company has added or lost from its overall assets.
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  • How often are you entitled to take a break at work?

    Q: How often are you entitled to take a break at work?

    A: Employees may or may not be entitled to a break at work depending on where they live. Break periods and mealtimes are not mandated by federal law in the United States, as of 2014. Some states have implemented laws requiring that workers be given certain break periods.
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  • What is business tourism?

    Q: What is business tourism?

    A: Business tourism is the use of travel services, hotel facilities and other amenities by people who are traveling on business. Business tourism is on the increase, and the tourism industry separates business tourism from leisure tourism in an effort to promote the former by offering particular services for business people.
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  • What is the definition of a product range?

    Q: What is the definition of a product range?

    A: The product range, or product line, is a collection of products sold by the same manufacturer that are aimed at different segments of the market. All of the product in the range are connected, but some may be designed to attract teenagers while others may focus on older customers.
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  • What is the nature of a business?

    Q: What is the nature of a business?

    A: The nature of a business is the type of sector or industry to which it belongs. There are several primary and broad sectors of business categories, which include statutory, voluntary and private sectors. Businesses generally fall into one of those categories, which are determined based on the type of work that businesses perform.
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  • What are some examples of the private sector?

    Q: What are some examples of the private sector?

    A: The private sector is the part of the economy not controlled by local, state or federal government. Examples of the private sector are privately owned small businesses, multinational corporations and nonprofits. The private sector provides most of the jobs in a free-market economy.
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