Case Study - Small Business Management Example | Topics and Well Written Essays - 2000 words

- Small Business Management - Case Study Example Within three years (1997-2000), profits increased by 350%. OBO is Simon's third business venture and he has learnt considerably from each undertaking. Simon invests heavily on research and development which fuels his desire to improve his existing products and to develop new ones. He has also kept up with the changing technology and offers a website that encourages customer focus groups, gives playing tips, product information and also sells the product online. Simon believes that consumer market research is essential in product development. At present, OBO has a very strong distribution network and a formidable brand value. OBO is a strong company and has a far sighted CEO Simon Barnett, who has over a 20 year experience, ranging from manufacturing table tennis table to selling and distributing hockey equipment for Ishan. Eventually however, he also went into production and specialized in making protective hockey equipment for goalies. Simon is an ambitious individual, a visionary leader who believes in managing by setting his own examples. He is a creative person who invests heavily on product research. Simon is of the opinion that it is important to bring changes in the product so that it seems fashionable as well as useful to the customer. His sound distribution networks and brand value has made OBO the market leader in its industry. Simon holds a strong relationship with his agents and also with his customers. He encourages his customers to express their opinions and ensures that new products are made keeping in mind the customers' changing needs. Moreover, OBO gives a lot of attention to product quality which is their key competitive advantage. Although OBO operates in a niche market, it is still a big name. It is doing well in the market and had a profit of $450,000 in the year 2000. However, if OBO decides to step into a new market of making cricket equipment it will be big change for the company. This 'big change' brings with it a lot of risk. Simon's financing policy has always been to avoid bank loans. He prefers to reinvest his retained earnings. For a venture as huge as cricketing equipment, heavy investment will be needed and with Simon's current policy this can be a huge gamble. OBO has limited staff and a new venture would certainly mean expanding the personnel base. Apart from this, Simon depends very strongly on 2 key personnel. Simon acts as a facilitator and the manufacturing and designing sides are looked after by two men. Such excessive reliance can be dangerous as even if one of them quits, Simon can be in big trouble. Although Simon has ample experience in business, a cricket venture will still be a new area. The requirements of cricketing equipment will be very different from hockey as the two games vary greatly in the way they are played. External Environment In terms of opportunities, there are many. OBO operates in a niche market and in comparison cricket will offer a bigger market. For hockey a team would at a maximum need 2-3 pairs of protective pads, but for cricket, all the batsmen will need pads along with the wicket keeper. If OBO is able to manufacture pads that are lighter and allow players more speed and agility then there will certainly be a lot of scope of the product. Also cricket is a game that is more popular all over the world and is played by many countries at a national level. With time, OBO can also expand towards

Utopian Socialism Research Paper Example | Topics and Well Written Essays - 750 words

Utopian Socialism - Research Paper Example Utopian Socialism Utopian socialism emphasizes that, three things that would happen if all people would adhere to socialist ethics exist. It looks forward for the oppressed to have a better future and improve their life standards; it emphasizes how socialism is very ethical and gives a clear and full meaning to the aims of socialism. Utopia describes collective ownership of property to eliminate greed, promote personal growth, democracy, and cultural enrichment. This paper provides a discussion on utopian socialism. The utopian socialists differ from the other socialists because of the way they carry out their issues. Utopian socialism is more dogmatic and moral. They provoked both ridicule and inspiration in the people. Saint Simon, one of the founders of the utopian socialism viewed suffering as resulting from individualism, which was as a result of breaking of order and hierarchy. He did not see the importance of individuals whose main objective was to pursue personal interests. He did not also bel ieve in free markets, as they were points of oppressing poor people in the society. In the modern times, socialism is seen as a failure. A group of socialists argues that socialism should have extent to which it stops. They argue that such things as major decisions for the whole society cannot be done by anyone. Major societal decisions are seen as important; hence need to be done by people with leadership skills.Utopia is now being used to refer to unrealistic ideas suggested by people. Contrarily, a group of socialists argues that, the capitalists control political issues and leave no other means of getting equality, but only through violent revolutions (Lipow, 1982). However, utopian socialism has its disadvantages. It does not give guidelines on how to achieve its objectives. It only highlights its vision, and no action is taken towards the goals. The opposite of utopia is dystopia. Dystopian vision is to give warning about dangers in the society. It is viewed as a good ideologi cal weapon. In modern times, there is increasing distrust of progress, and this makes utopia unconvincing to most people in the modern society (Guarneri, 1991). Utopian socialism had a number of impacts to communities in the 19th century it was one of the main impacts in the wave of the feminist movement. This resulted from the issue about equality in the society (Taylor, 1982). Feminist movements sprung up fighting for economic equality and power equality between men and women. Many organizations also came up to fight against gender based violence and discrimination. Laws regarding percentages of women in leadership positions started to be formed. Women were now to be represented at least by a third in most of the parliaments and organizations (Lipow, 1982). In the industrial revolution, utopian socialism improved women’s thinking in terms of work and leadership. Women began to go to work and make their own money. By mid-19th century, many women were working in factories and even some were leaders who were overseeing their male workers (Lipow, 1982). At the same time, utopian socialism encouraged the existence of trade unions for workers. Workers had their rights and cold lounge complains if at all there were any. Cooperative stores and societies also came up in large numbers to deal to help individuals set up firms and businesses. This was due to the belief that all people were entitled to equal rights; the