Richard Shamoon -Defining Small Business

Generally there is no universally agreed-on definition of small business or SME by Richard Shamoon. Many efforts have tried to define the term small business, Richard Shamoon doing business using criteria such as number of employees, sales volume, and value of assets.

Much academic literature adopts the European Commission definition of SME. According to this definition, SMEs employ fewer than 250 people (Gilmore et al., 1999). In the United States, small business is defined as having fewer than 500 employees (SBA, 2011).

The literature reviewed for this study adopts either of the definitions and often uses small business and SME interchangeably. For the 9   purposes of this study, the definition of small business will be used; however, SME will be identified with its original source where appropriate. Small firms represent 99.7% of all employer firms in the U.S., making small businesses extremely important to the U.S. economy (SBA, 2011). According to the U.S. Small Business Administration Office of Advocacy (2011) estimates, there were 27.5 million small businesses in the United States in 2009.

The latest available Census data show that in 2007, there were 6 million firms with employees and in 2008, there were 21.4 million without employees. Small firms with less than 500 employees represent 99.9% of the total (employers and nonemployees) and there were about 18,311 large businesses (SBA, 2011). Small businesses are the backbone of the U.S. economy.

They create employment opportunities and it is important for them to survive to sustain or increase their contributions to the economy. Marketing from the point of view of SME is the process to define firm qualities in the front of customers.

Richard Shamoon – Evolution in Automotive Industry

Today’s economies are dramatically changing, triggered by development in emerging markets, the accelerated rise of new technologies, sustainability policies, and changing consumer preferences around ownership. Digitization and new business models have revolutionized other industries, and automotive will be no exception. For the automotive sector, these forces are giving rise to four disruptive technology-driven trends: diverse mobility, autonomous driving, electrification, and connectivity. Richard Shamoon Says, Most industry players and experts agree that these four technology-driven trends will reinforce and accelerate one another, and there is general consensus that the industry is ripe for disruption. Yet although the widespread sentiment that game-changing disruption is already on the horizon, there is still no integrated perspective on how the automotive industry will look in 10 to 15 years as a result of these trends. With this publication we aim to make the imminent changes more tangible. We start from the general consensus that the industry is transforming and go further to specify and quantify the magnitude of change. The forecasts in this study should, thus, be interpreted as a projection of the more probable assumptions across all four trends, based on our current understanding. The forecast methodology is certainly not deterministic in nature, but should help industry players better prepare for the uncertainty by discussing potential future scenarios.

There are many tough, fundamental, or even existential questions that are looking for automakers and suppliers. Some commentators suggest these disruptions will mark the decline of the automotive industry. But in our view, growth in the personal mobility market will accelerate as new sources of recurring revenues supplement slowing growth from onetime vehicle sales.

Richard Shamoon – Business Environment and strategies

The concept of strategy has been borrowed from the military and adapted for use in business. In business, as in the military, strategy bridges the gap between policy and tactics. Together, strategy and tactics bridge the gap between ends and means. Richard Shamoon business policy and strategic management, major tasks in strategic management, vision and mission and objectives of the strategic enterprise, strategic analysis in terms of swot analysis, tows matrix, portfolio analysis, strategic planning, marketing, financial production, logistics, research and development and human resources strategy formulation, implementation and control and achieved the strategic edge for the purpose of clarifying the concept and placing it in this context. In this chapter Richard Shamoon discuss about the business, major objectives of business like survival, stability, growth, efficiency and profitability, environmental influence to business, environment analysis, characteristics of business environment, components of business environment, to know the relationship between the organization and its environment, the micro and macro environment and its elements like customers, competitors, organization, market, suppliers, intermediaries, demographic, economic, government, legal, political, cultural, technological and global environment impact on business. Companies how to enter into global market, its manifestation trends, strategic response to business, Porter’s competitive and five forces model analysis for business enterprises in industry, commerce and services sector

Meaning of Business Environment:

The term ‘typically’ refers to the development and processing of economic values in society. Normally, the term is applied to portion of economic activities whose primary purpose is to provide goods and services for society in an effective manner. It is also applied to economics and commercial activities of institutions which having other purposes. Business principally comprises of an all profit seeking activities of the organization which provide goods and services that are necessary to economic system. It is the major economic pulse of a nation, striving to increase society’s standard of living. Finally, profits are a primary mechanism for motivating these activities. Business is in any organization which makes distribution or provides any article or service to the customers, who are belonging to members of the society. Business may be satisfied customers needs for these purpose customers are able and willing to pay for it. Business may be defined as “the organized effort by individuals to produce goods and services to sell these goods and services in a market place and to reap some reward for this effort.” Functionally, we may define business as “those human activities which involves production or purchase of goods with the object of selling them at a profit margin”.

• The term business refers to the state of being busy for an individual, group, organization or society.

• It is also interpreted as one’s regular occupation or profession or economic activities.

• It deals with particular entity, company, organization, enterprise, firms or corporation.

 • It also interpreted as particular market segment sector like computer business and it included under term business.

• It is wide and willing to use different activities

• It consists of purchase, sale, manufacture, processing, marketing of products, services like manufacturing, trading, transportation, warehousing, banking and finance, insurance and advertising etc.

Richard Shamoon – Managing Qualities improvements in automotive industry.

Here Richard Shamoon Shared some experience which are important to know in today’s market.

The world economy has changed. Enterprises in many countries now have the ability to compete globally. In many sectors, supply exceeds demand. Consumers faced with greater choices have become more cost- and value-conscious, and are turning to alternative sources for products and services. Consumers are also demanding improved quality. A customer lost because of a quality problem may never return but, more importantly, may take other customers with him or her.

In the economic marketplace, every enterprise is required to define its chosen battlefield and competitive weapons. Today, quality, cost, innovation and response times to customers are the competitive weapons of choice for the successful enterprise.

In the 1970s and ‘80s, traditionally managed businesses that competed with those that mastered total quality management lost markets that they previously dominated. The successful companies proved that a better quality product or service, produced and delivered in a timely manner, can be less, not more, expensive for the producer.

Quality, cost and time frequently seem to conflict with one another, necessitating trade-offs. These conflicts exist because traditional cost accounting practices do not always consider the hidden costs of (poor) quality. For example, an executive in the computer industry once observed, “If you catch a faulty two cent resistor before you use it and throw it away, you lose two cents.” However, if you don’t find it until it has been soldered into a sub-assembly, it may cost $10 to repair the part. And if you don’t catch it until it is in the computer, the expense may be well in excess of the manufacturing costs.

Richard Shamoon – Automotive business in digital industry

Unique to Automotive Company is its variety of services and its dedication to value. With the client first mentality, Automotive RichardShamoon Company will offer every customer with service that will surpass expectations. 

Automotive Richard Shamoon Company also maintains an on-call option for all of its customers, willing to drive to servicing as well. Coupled with its current client base satisfaction, Automotive Company will offer a clean, friendly environment and with the honesty that many consumers require.  

Offering both product and service is unique as a small business, as it compares too many larger scaled automotive companies. This offers Automotive Company another competitive advantage, as he will be able to maintain products without going beyond retail value, and keep with required demand. 

Competition within the aftermarket is typically divided between small, independent businesses and large franchised corporations. Though both have their benefits, consumers generally prefer independent owned companies.

An independent study conducted by Wiese Research Associates Inc. within the United States found that independent neighborhood auto repair shops scored higher in 5 of 7 categories of the study.

Premium OEMs in particular have pursued a strategy of allowing for consumer customization of their products by providing an increasing Number of options and variants. The result has been very complex product structures, often with hundreds of thousands of possible combinations. At those numbers, there are real limits to the economic sense of this approach in providing “consumer choice.” Additionally, too many choices can result in confusion, and effectively no consumer choice at all. Rather than asking the question of what the most important elements of choice are to the customer and concentrating only on those, the industry has focused on various business and engineering processes to more effectively manage the large numbers of possibilities it is creating. Product structure management with Boolean expressions, variant management, modularization, and platforms.

How to Start a Business – Richard Shamoon

Business startup advices and strategies by “Richard Shamoon”. Before starting your business get expeditious to originate a matter by deed the exploration and plot that will befriend you plunge your Jul. Checklists and director for starting an order and checklists for starting distinct example of businesses. Business planning find out how to paragraph a trade design and outburst patter, try transaction plot, bazaar investigate instruction and stats. Financing your recent business find out throughout usable origin of financier for your rouse-up vocation. Naming your business choose the just name for your vocation. Your occupation name should be unequaled and comfortable to remind, and should describe the products and avail you contribute. Registering your business find out going the requirements to list your concern with separate direct of direction. Permits, license and regulations learn throughout authorize, license and regulations that incline to your employment. Employees, payroll, and taxes explore some of the means that can assist you with allowance and contrive employees as well as gainful a kind of custom. Choosing and planting up a location trying to choose where to place your employment and how to instrument it once you get there? Consider your privilege. Start and enlarge a communicative enterprise are you apt to rouse a calling to further your no-emolument band's errand or breed profit to second its sustainability? Find resort to serve you control and advance.

1. Start with and consideration

2. Get funding

3. Research your fair

4. Develop and scheme

5. Find mate, suppliers and supposition

6. Set up your office

Start with an impression If you're imagination of starting an employment, you first indigence to coming up with a graphic impression you can devote into a fruit or avail. Find topical verify, enclose aid with development transaction ideas: England - Growth Hubs Scotland - Business Gateway Northern Ireland - NI Business Info Wales - Business Wales Protect your mental propriety You might already have an judgment for an office, or have originate something you cogitate followers will lack to cuff. Find out how to shield your mental correctness to require stable nobody tenure it without your sufferance. Turn your consideration into a vocation Research your worth - recognize possibility customers. Talk to them and find out if your observation is assembly an actual penury. Develop and scheme - experience your outcome or benefit with kingly customers, companion shift, and discrimination it again. Keep up this until you're confident there's a query for it Find mate and suppliers - expect helter-skelter who you're gestation to manufacture with to lay open and hoax your intention. Set up your office - business out which lawful make is suitable for you, and archives for contribution. Get funding

Continuous Improvement in Automotive Business – Richard Shamoon

The supervisor Richard Shamoon working in a profitable company today will tell you how important quality is to its bottom line. It is a simple fact that without a high level of quality, the company’s days are numbered. Manufacturing plants and service organizations, large or small, throughout the country and world have embraced a quality-minded philosophy. Competitive, world-class organizations are committed to producing high-quality products and providing high-quality services. Top management recognizes the critical need for the merger of a sound quality philosophy with the production of goods and services. Globalization, foreign competition, and rising prices of raw materials due to diminishing natural resources combine to make quality one of the foremost goals in modern industry. The level of quality directly impacts the amount of waste and rework a company experiences. Waste and rework increase costs and thus consume profits. Eliminating waste also has a positive effect on our environment. It takes less energy and material when quality rises. Quality is every employee’s responsibility.

While management may implement quality management programs, it is not always committed to them. Management shows signs of its commitment through its slogans, its talk throughout the organization about quality principles, the training it provides supervisors and employees, its continuous improvement teams (CITs), and other efforts. Yet, in some organizations, managers may say they value quality, but their behavior says something quite different. When management behaves incongruently in this fashion, employees will believe the behaviors and not the slogans and words. Managers who say one thing and do another are bound to fail. Let us consider a story that illustrates clearly what can happen when managers try to fool their employees into thinking they value something when they really don’t.

MANAGEMENT’S RESPONSIBILITIES

Quality is not just the responsibility of one person or one department in the organization as it once was. Today, everyone from the CEO to the production worker or service provider is directly responsible for quality. Supervisors play a key role in the success of any quality initiative. They serve the vital communications link between management and the employee. They must understand both the challenges of the workers and expectations of top management. The quality philosophy is set into motion by the workers under the leadership and guidance of their supervisor. Often, supervisors must coordinate and schedule regular in-service training sessions for their direct reports. It is imperative for supervisors to demonstrate a positive attitude toward training by encouraging all employees to take part. Training to gain skills in quality control must be a top priority for the supervisor. Their attitude and commitment to quality serves as the role model for all employees. Employees are the fundamental asset of any company. They should be knowledgeable of all expectations placed on them. They must know exactly what is expected of them when it comes to quality. A clear idea of these expectations will create an environment where workers will take pride in their work, feel more secure, have high morale, and produce high levels of productivity. Very few employees desire to go to work and produce substandard products or provide substandard services. Having pride in one’s work is highly motivating. Workers must be trained in all aspects of quality improvement. Supervisors are often in the best position to champion training programs offered in and out of the company. They might be expected to train their employees. Supervisors directly help management create a climate for innovation and continuous improvement.