What is a business?

A business is a profit or non-profit organization that provides goods or services to the people who need them. A profit based organization is designed to make profit including partnerships, corporations where as non profit organization improve the service more than paying dividends (Sba.gov,n.d.). 

According to Maitland (1994), a business is an organization or enterprising entity engaged in commercial, industrial activities such as buying, selling, distributing goods or services to earn profits.  

The main of an organization is to maximize the profit and decrease the cost. This means to increase the revenue in Marketing, Sales, Distribution fields and to decrease cost in Accounting, Finance, HR.

Business Process

• Business process is a set of tasks associated with the company to achieve in the end of the day in future. The business process focus on the delivery of goods or services to customers in order to full fill the requirements.

Down Sizing

• Get rid of the company resources to reduce the employees in the company (Garber, 2008).

Rightsizing

• The goal is to maximize the profits or objectives  properly ( Walter, 2011). 

Structure of the FYP was discussed as Macro and Micro and informed us to select one and do the FYP.


Problem Background & Problem Analysis

Discussed to give a brief introduction about the Project, company,employees,virtual environment, clients etc. Once the following information is met, finding the problems in the company in each section such as Marketing, HR, Sales, Finance etc is the next important requirements of the project.

In class we discussed how to write a clear Problem. Write a clear statement about the apparent problem and next revise to see if the statement is complete and grammatically correct. If the candidate has the clear view about the problem discuss with the others.

Look whether there is a logic gap between the problem and the research. And decide what is relevant and not. Define theories for each sub section as well as the definitions to the terms you use throughout the project. In order to prove that this a problem currently facing (having) in the company the evidence is a must where the statistics of the particular organization  related with the issue as well the charts are really important as they are illustrating the view graphically.

Problem Statement

Here is a clear picture of the problem is stating as a stand-alone statement that explicit the aiming to discover or establish (Ceptara,n.d). It is used to authenticate the efforts delivered an outcome that would help to solve the problem statement  (Ceptara,n.d).When the problem is identified the person has to state that forward using the correct vocabulary. 

A good problem statement should have the following questions like;

• What is the problem?
• Who has the problem? (client/customer)
• What is the scope and limitations that can be used to solve the problem?

References:-

MAITLAND, I. (1994). The business environment. Oxford, Made Simple Books.

Sba.gov (n.d.) Nonprofit Organizations | SBA.gov. [online] Available at: http://www.sba.gov/content/nonprofit-organizations   [Accessed: 5 Nov 2012].

GARBER, P. R. (2008). Downsizing. Amherst, Mass, HRD Press.

WELTER, B. (2011). Rightsizing your business breakthrough strategies to create a flexible and profitable business in any economy. Avon, MA, F+W Media Business Now.

Ceptara (n.d.) How To Write A Problem Statement | Ceptara. [online] Available at: http://www.ceptara.com/blog/how-to-write-problem-statement  [Accessed: 6 Nov 2012].

http://sun.iwu.edu/~cisabell/courses/spanish410/background.pdf
http://zimmer.csufresno.edu/~johnca/spch8/stasis.htm