South Korea's Environmental Analysis Essay Example | Topics and Well Written Essays - 500 words

South Korea's Environmental Analysis - Essay Example There exist tight knitted system between the government and businesses in the labor market with the government ensuring that the laws and regulations on getting business startup licenses and procedures take the shortest time possible. This is carried out in order to continue increasing the labor market and completely eliminate the low unemployment rate still remaining in the nation. The only problem that the free market system has is that with the lack of strict market control by the government, corruption has been on the increase as people try to control the markets and monopolize it and especially the local market where the government does not bother much with. The corruption has rendered small and medium sized business had to flourish and succeed as the larger established businesses take up the larger share in the foreign investment and use their market stability to expand their wealth and sophistication making it hard to compete successfully (Mo & Brady, 2010). South Korea due to its establishment in the global market and economic success has it small and medium sized companies facing several entry and exit barriers. Some of these barriers include reputation, price discrimination, capital costs and organizational advantage among others (Mo & Brady, 2010). With some of these companies having established themselves in the industry, the startup companies face a very high capital cost just so that they can be able to establish themselves even if not match to the same level in assets and competition. The high capital costs requires heavy borrowing from banks and this leads to the company starting on a high debt percentage and this affects its sustainability in the industry. Even if it wants to exit the market, the debts and other overhead charges will be too much for it leading it bankrupt. With the large established organizations in South Korea such as Samsung and LG, they have cemented their organizational cultures and

My business planning and presentation experience Essay

My business planning and presentation experience - Essay Example Aimed at working women aged between early 20s to late 40s, the stores would carry the designer outfits of all leading designer labels. As a sole proprietorship firm with a total Capital deployment of 350,000 of which I would contribute 100,000 and rest would be loaned from the bank. Expected the breakeven by the end of the first year Closet expects positive cash flows by the second year onwards. Over 35% of the capital is to be deployed in marketing and promotional activities I have the long term of objective of having a total of The basic idea of Designer Fashion Retail Showroom is acceptable as viable proposition. Because, the demand for designer clothes is always there and the store could maintain its identity as a store that offers a good selection, reasonable prices, a convenient location would attract and keep customers. However, on hindsight it would have been better to go for a larger single store instead of opening three small stores at three different locations all of a sudden. 4. My work experience as a sales person in the Gucci Outlet gave a lot of practical knowledge on how a retail showroom works, how it looks like, how the customers should be treated, what are the things that customers look for etc. which gave me a lot of confidence. 3. My presentation could have been a lot better. ... My work experience as a sales person in the Gucci Outlet gave a lot of practical knowledge on how a retail showroom works, how it looks like, how the customers should be treated, what are the things that customers look for etc. which gave me a lot of confidence. The Weaknesses As realized while making the plan 1. Accounting is not one of my strong subjects and that reflected badly on the financial planning of the project. There were several grey areas in the plan that ought to have been taken care of. 2. Staffing : I paid very little attention to the Human Resource Planning and could not provide a clear picture on how personnel would be recruited, paid and maintained. 3. My presentation could have been a lot better. I did not do my homework on certain aspects such as the financial viability of the project. Especially when asked why the bank would give me a loan for such a big amount I was caught on the wrong foot. Also, I could have included a little bit of meaningful humour in the presentation. The flaws in the project as reviewed 1. The main problem was that three showrooms were planned within the first month of operation. It was a very flawed idea. There was simply no way that I could have managed all three stores. Moreover, this would eat into our resources so much that it was almost like spreading myself too thin. Instead, what would have been a brighter idea to invest in a single, larger, better store. More space means more places for comfort, more places to display the merchandise, more places to keep the stock, more frontages to attract more walk-in customers. And this would also mean that I could be around to meet all my customers and offer my services to them rather than having to run around to all the three stores trying to supervise every little