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Define a small business. Which two areas of business generally attract the most small businesses? What makes these areas attractive to small business?




Please choose ONLY 20 of the following 22 questions to answer.

1. Define a small business. Which two areas of business generally attract the most small businesses? What makes these areas attractive to small business? 

2. Most people who start small businesses are aware of the high failure rate and the reasons for it. Why then do some take no steps to protect their businesses from failure? What steps should they take?

3. If you could start your own small business what would it be? Would it be in your best interest to develop a business plan? Why? What major components should you include in your business plan?

4. Please visit the SBA website at http://www.sba.gov and answer the following:
In what ways can the SBA provide assistance to you as the owner of a small business? Please provide at least two specific examples.

5. Do average citizens benefit from the activities of the SBA or is the SBA just another way to spend our tax money?

6. Would you like to become a franchisee? Why or why not? If you could operate a franchised business what franchise would you choose and what makes this particular business attractive to you? What are the benefits of you becoming a franchisee? What are the benefits for the franchisor?

7. As the manager of a local restaurant please provide specific examples of the management functions you are required to perform in each of the following areas: How do you plan, organize, lead and motivate, and control within your organization?

8. What specific skills would you need to possess in order to be an effective manager of a sporting goods store like Dick’s? What would it take for you to become a successful manager of your store?

9. Why is it necessary to have leadership and motivation in a business in which people are paid for their work?

10. How are leaders different from managers? How does retired General Colin Powell describe leadership? Do you agree with his definition? Why or why not?

11. Identify and describe the different leadership styles. Which style do you most prefer? Why? Which leadership style do you least prefer? Why?


12. Please provide and describe the five sets of needs that Abraham Maslow believed people act to fulfill (in their order of importance, lowest to highest). Was Maslow accurate in your opinion? How can Maslow’s Hierarchy of Needs be used in the business world?

13. Describe Dr. Phil’s Hierarchy of Needs. How is his hierarchy similar to and different from Maslow’s? Which one is a more useful in motivating and managing others in your opinion? Why?

14. You own a clothing store in the mall. How can you use Dr. Phil’s and Maslow’s Hierarchy of Needs to manage and motivate your employees?

15. Describe the two dimensions of Herzberg’s Motivation-Hygiene Theory. What elements affect each dimension? How might your professor use this theory to motivate you to do better in his class?

16. Does Vroom’s Expectancy Theory make practical sense? How might you use it in setting personal goals for others?

17. What is an organization? What are the specific characteristics of an organization?

18. As the president of a fashion company why would it be vital for you to have good delegation of authority? Describe the three key steps you as the president of the company would take to delegate authority throughout your organization.

19. Besides Coca-Cola Company, provide an example of a decentralized organization. What makes this company decentralized? Why is it important for the organization to be decentralized? Besides a textbook publishing company, provide an example of a centralized organization. What makes this company centralized? Why is it important for the organization to be centralized? How does decentralization in an organization require effective delegation?

20. Identify and describe the basic forms of organizational structure. Provide an example of an organization (besides the ones named in the textbook) that falls under each organizational structure. Briefly explain why each organization belongs in this category.

21. How would you define the term ‘corporate culture’? Identify and describe the four basic types of corporate culture. Which culture are you most comfortable with and why?

22. What is meant by business ethics? Why are business ethics so important? How are business ethics influenced by the personal ethics of individuals in the business? What are the factors that affect the level of ethical behavior in organizations?



Jim & Darden at American Flatbread
http://www.youtube.com/watch?v=-VVI1uEF3To&feature=related
George Schenk, Founder of American Flatbread
http://www.youtube.com/watch?v=y0lpQYUOxNY&feature=related

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