Provider of Online Academic Tutorials :: Business Plan

Section 1 Executive Summary: As the title suggests, this business is about providing tutorials to pupils and/ or students on any subject given in a course curricula. The key to operating the business is a customized server where client pupils/ students key in their questions/ assignments and sent out; and the server in turn, provides the answers/ solutions in interactive mode. The server is a storage bin and at the same time an â€Å"information refinery† where all school books and teacher lesson plans are put to order. The money part of this business is in subscription fees. The fees will vary from one tutorial program to another and on the need and time service of an online tutor. Section 2 Business Description: Mission Statement: â€Å" To be the best providers of Online Academic Tutorials† As students, we have been through all the struggles of having to manage time. We students do not only devote ourselves into our academics. We have other certain things to do like e.g. Extracurricular Activities, Leisure Time and etc. In fact, most students nowadays get so stressed out that they are not able to perform to their utmost capacity so we have thought of creating an Online Academic Tutorial. This would not occupy much of the student’s time since it enables students to focus on their vital topics/ areas they are concerned about and it would actually result in to making them more efficient and productive rather than studying the entire scope of the topic, which are advocated in tutorial centers. Proposed Legal Form; Partnership of three people for a start and as subscriber base reaches a critical mass will convert into a corporation. Our entry strategy will be person-to-person solicitation of accounts/ subscribers/ advertisers tie up with schools for group discount rates and as for product research and development, we will develop a product niche in so- called exact Sciences; Physics, Mathematics, Algebra, Calculus and Geometry. Section 3 Marketing Analysis: The trade of education services; Philippine education has been the object of several studies over the past decades. Most of these studies were focused on issues concerning access and equity, quality and excellence, relevance and responsiveness, financing, and governance.

Enron collapse A look back Essay

Enron collapse: A look back Introduction                   Enron was formed as a result of merging with another company and it became a successful corporate. The joy of the business owners is to see how it grows fast and to attract more investors. There are rules and regulation that governs the corporate financial report that is open for inspection by potential investors (Folger, 2011). The audit of these financial reports should disclose the accurate financial state of the company and this should be made known to the stakeholders of the company. The stakeholders of a company play an important role in progress of the business and the going concern of the company (Sterling, 2002). The company of Enron did not manage its debts and therefore looked for means of hiding the truth from its stakeholders so as to continue making profit.                   The aim of a business is to make profit and be able to pay the debts of the creditors and also attract investors who are interested in the business. Most investor relay on the financial statement to determine whether to invest or not to invest (Folger, 2011). The Enron Company was a big company that was famous and successful before its fall. The corporate attracted many investors since they financial report showed how the business was growing at high rate (Bauer, 2009). However the corporate management did not disclose the true and fair view of the financial reports. The financial report of a company should not mislead the shareholders or its members.                   Moreover, in the Enron scandal there were some cases in which it showed misconduct of its financial reporting since the corporate did not display true and fair financial accountings to its stakeholders. The corporate used financial fabrication and mark- market accounting to hide its actual debts and real financial situation (Folger, 2011). These reports made the investor believe that the corporate was making profit while it was making losses in real sense. It is also a form of fraud to stakeholders since it cannot meet all its debts and in case of winding up majority of the investors and shareholder would suffer greatly. The Enron scandal was deemed to be great since it had huge debts to settle and its assets could not settle these debts.                   Indeed, financial misconduct affects a large group of stakeholder and leaves a great mark that cannot be erased (Sterling, 2002). For example the shareholders of Enron corporate were highly affected and suffered a loss of billions that were not recovered since the corporate went bankrupt and the assets of the business were also false in existence. The investors also suffered greatly from these financial misconduct, they lost their resources. In addition, the employees suffered greatly by losing billions of pension benefits due to the misconduct of financial reports which led to the bankruptcy of the Enron therefore could no longer pay them (Folger, 2011).                   The financial statement of a company is very important to the investors, it gives an over view of the stability of the business and its ability to pay debts. The Enron corporate failed to disclose true and fair view financial statements by hiding its real financial reports and the investors were misled and also due to many investments made by the company lead to its bankruptcy (Sterling, 2002). The purpose of accurate financial reports is to help the investors and also the company to know to what extent they should contract or invest in other businesses. It also helps in managing of the company’s debt thus making profit but the Enron was only interested in making a lot of profits that led to their down fall.                   Ethics are rules that govern every business and its members on how to conduct their daily roles in the company (Brady, & Dunn, 1995). In other words, the managers of this corporate owe their loyalty to its stakeholders and their interest ought to be the interest of the business (Bauer, 2009). In deontology of the Enron corporate, the management had a duty and obligations to display the true statement of finance and also to operate the business in the interest of the stakeholders and not their interest. As the leaders they ought to make sure that the going concern of the business is kept and the assets of the company are secured. In addition, the duty of the Enron managers was to disclose the true and fair view of financial reports (Bauer, 2009).                   On other hand, utilitarian is a form ethic that is used to show the positive side of the organization, for example by disclosing the false statement to stakeholders thus blinding them of the real situation (Folger, 2011). The Enron leaders used different methods to conceal the truth about its debts and faked the profits. They made the business look attractive and therefore more investors invested in the business. At the end, the ethics rules were violated and the leaders had a role to play .Enron had a role to disclose the truth which could have rescued the company (Bauer, 2009). If at the beginning, the company revealed the truth it would not have ended bankrupt and the employees would have secured their jobs. Finally, the company had a duty to disclose the true financial statements and also save the company from falling and the scandals would have been avoided. The companies should put into practice the ethics governing the corporates. Therefore, to pr event any future happenings such as the past frauds in the company, there has been an enhanced regulation as well as oversight in the company (Folger, 2011). References Bauer, A. (2009). The Enron scandal and the Sarbanes-Oxley-Act. München: GRIN Verlag. Brady, F. N., & Dunn, C. P. (1995). Business meta-ethics: An analysis of two theories. Business Ethics Quarterly, 385-398. Folger, J. (2011). The Enron collapse: A look back. Investopedia, December 1. Retrieved October 25, 2014, at http://www.investopedia.com/financial-edge/1211/the-enron-collapse-a-look-back.aspx Sterling, T. F. (2002). The Enron scandal. New York: Nova Science Publishers. Source document

Descriptive Essay About My Grandma - 765 Words

My Grandma Death. Something everyone deals with in their life. It’s the end of your story. People handle death in many different ways, from completely losing it, to it not affecting them at all. For me death hit very hard. I had never experienced the death of a loved one until my Grandpa had past. I was never close with my Grandpa but seeing him in that hospital bed that he wasn’t going to leave really upset me. This was the first death in my family. It was a horrible event but the death that has really affected me to this day was when his wife, my grandma, passed away. I wake up on a wonderful Saturday morning. It’s the middle of summer and the sun is shining through my window right into my eyes. I wake up and get ready for the day. I†¦show more content†¦I’m going to stay at Connors to get my mind off of it. Keep me posted.† â€Å"Okay. I’ll talk to you later.† When I was told that my Grandma had an aneurism in her brain she told me not to worry about it. She said when it burst it will kill her instantly and she won’t feel a single thing. It’s what she wanted. Sadly, this did not happen. She lived for 5 more day until she passed away. There was one point after her aneurism burst that she became conscious. She had one thing to say. â€Å"They lied.† My Grandma always had a very weird sense of humor. When my family heard her say this, we knew that she was still there. What affected me the most when my Grandma passed was that it happened so abruptly. One weekend I’m playing games with her and planning the next weekend. The next weekend I’m seeing her on her death bed. I have so many memories of playing games with her but I feel like I never spent enough time with her. I never got to know her how I wish I could have. I wanted to learn more about her childhood and how she met my Grandpa but it’s too late. As a kid, I felt like she would be around forever and when I grow up I will learn more about her. I didn’t know death was so real. Her passing has helped me realize something. I realized that family will always be there for you but they won’t be here forever. I feel I have not spent enough time with my family and who knows when they could be gone. If I spend time with them now, I won’t feel as badShow MoreRelatedDescriptive Essay About My Grandma1364 Words   |  6 Pagesit was the hardest year of my life. It was a beautiful, sunny day on August 3; however this day was a tragic one that I will never forget. Some think of their grandma as just a relative; mine was my other half, my best friend, my hero, and I could never be the same without her. This depressing event affected me greatly, and now it is difficult for me to live my life without her. My new responsibilities were devastating and challenging, but if it meant helping my grandma, I would have done anythingRead MoreDescriptive Essay About My Grandma1264 Words   |  6 Pagescan be such a small amount of time but it can effect such a large part of your life. 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