Essay about A Good Business - 585 Words

A Good Business What the characteristics of a good business looks like? The basic element of a good business is derived from good management. It is true since business is run by individuals known as managers that perform specific business functions, such as manufacturing and production, finance and accounting, sales and marketing, and human resource departments. Identifying a good business is not an easy job; an understanding of Managerial Economics is needed because it provides some tools, techniques of analysis and Economic concepts to make good managerial decisions. The purpose of this paper is to identify some characteristics of a good business and list names of the companies having these certain characteristics. Most of†¦show more content†¦When a firm’s sales reach its peak, it works as a signal that new firms start to enter the markets and the firm’s sales and profit will start to decline. In this case, the role of management is very essential. The firm has to manage its expansion plan, such as launch new products and entrance a new market in order to compete with its competitors. The most common and useful measurement of a good business is by calculating its profit through return on stockholder’s equity (ROE). ROE shows how much return that stockholders have earned on the capital that have been invested by stockholders into a business. Net Income ROE = ________________ Stockholder’s Equity High rates of return on stockholder’s equity indicate a good business performance and also high growth rate of sales. Besides steady growth of sales and high rates of return on equity, a good business must also have strong brand equity. It is important for a firm to create an image of its products on buyer’s mind so that buyers become loyal to the firm’s brand. Strong brand equity also generates higher profit since consumers want to pay more because of the reputation that the product have; moreover, it works as a powerful defense against newShow MoreRelatedBusiness Analysis : Good Business Messages1512 Words   |  7 Pagesusinesses are very crucial to the economy. Good business messages are essential to keep the business relation in good health too. There are many types of business messages which a business can write to another daily with regards to business. It These can include messages on sales and purchases, products and services, confirmation or cancellation of orders, invoices, company announcements and notifications, employee related news such as promotions, awards, increments , bonus, appraisals, resignationRead MoreIs War Good For Business?2278 Words   |  10 PagesIs war good for business? War is a topic, at which there are many arguments for and against whether it can better a society, and as a whole benefit the economy. A war is the last route at which a country would choose to take when in a feud with other countries. There are various business sectors in which a war will have both negative and positive impact. To participate within a war the country needs military resources. This will have a direct impact on specific businesses mainly within theRead MoreWhat Makes A Business A Good Business? Essay3442 Words   |  14 Pagesworkplace and business outcomes are identified as the major themes of my current review. Social institutions, legal frameworks, and cultural norms were determined as the key pillars of sexual orientation discrimination in the workplace. 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Hence, the main responsibility of a leader is more likely to be a theory and principle, wh0ich is devised by MBAs and consultants. In the book The Strategist, the author Cynthia Montgomery plainly redefines strategy and teaching the leaders about being an effective strategist in an organization. Moreover, she also points out that the procedureRead MoreThe Content Of A Good Online Business824 Words   |  4 Pagesdon t provide fresh and interesting contents on a regular basis. You might have started blogging with good intentions, but as the time passes the weekly blogging and creating contents might turn slowly into a burden. Before you know, the task of planning a content and typing might seem to a mammoth task. The life blood and backbone of a good online business is regular good content flow. Also a good content is a timeless wonder. You might have caught yourself reading an article that might have publishedRead MoreDeveloping Good Business Sense1433 Words   |  6 PagesDeveloping Good Business Sense: Why Do Operating Systems Differ? Shawna Storm BUS/210 January 27, 2013 Justin Philipp Abstract This paper will identify the nature of three different company’s operating systems and explore how differently their employees are organized. I personally worked for these companies, therefore, I have an inside view of the way they operate. It will also define the main OMM (operations, materials, and management) costs of companies and how it