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Feedback Comments on Business
by Ron Kurtus
A total of 88 comments and questions have been sent in. They are listed according to date.
List of most recent 10 letters
Recent developments in management accounting - Cameroon
Resource for business financing - USA
Who is eligible for this course? - Zambia
Which business lessons are free? - USA
How is business ethics important? - Tunisia
What is the best business strategy? - Tunisia
How is competiton used in business? - Tunisia
Running a small public company - Ghana
Recent developments in management accounting
Topic: General
Question
May 28, 2013
what are the three recent developments in management accounting to today business environment?
Omisakin - Cameroon
23729
Answer
Management accounting developments include:
-- Looking toward the future instead of using old techniques
-- Based on abstract financial models instead of case studies
-- Designed and intended for use by managers within the organization, instead of being intended for use by shareholders, creditors, and public regulators
-- Confidential and used by management, as opposed to public
-- Uses management information systems, instead of referring to financial accounting standards
I hope that helps.
Resource for business financing
Topic: General
Question
April 19, 2013
Subject: about the score.org resource
I was doing some research, and noticed that you list SCORE.org along with a few other great sites on: www.school-for-champions.com/business/resources.htm.
Honestly, thank you for mentioning them. I really can't say enough positive things about what they do.
It may be worthwhile to mention BusinessFinancing.org either above or below them. In my experience, many entrepreneurs are looking at financing options, while most sites offering information are just looking to turn them into clients.
This way you can point visitors somewhere without having to trust a commercial site.
Thank you again, and keep up the great work.
Take care.
Sincerely,
Jeffrey Redd
gov.gfoa.us
Project Outreach Director
Jeffrey - USA
23630
Answer
Thanks for the resource. I added a link from Business Resources and Entrepreneur Resources.
Who is eligible for this course?
Topic: General Business Topics
Question
April 9, 2013
1. Who is eligible for this course?
2. Do you offer Diploma course?
3. Is there time limit on starting and finishing this course/
4. Kindly advise payment methods
Clifford - Zambia
23600
Answer
The School for Champions provides free online lessons to help you understand subjects, as well as to supplement material learned in school. There is no diploma or requirements. Simply, go through lessons that you feel will be useful in your studies.
Best wishes for success in your studies.
Which business lessons are free?
Topic: General Business Topics
Question
March 27, 2013
Read about the online "free" business class. I'm interested in learning about starting and running my own business. I started an Etsy shop in January and was advised to take some classes on busniness. Tell me more about your free business classes and also the ones you pay for.
Rhonda Jones,
from RhondaRenay on Etsy,
- USA
23565
Answer
Check our lessons on Starting Your Own Business: Entrepreneurship for some basics and resources on starting your business.
Our lessons are free and meant to supplement other studies you are taking.
Best wishes in getting your business on Etsy going successfully.
How is business ethics important?
Topic: Character
Question
March 5, 2013
I want to know how hard work done in business ethics, and how business ethics serve business?
Yours,
Nabila - Tunisia
23519
Answer
Business ethics concerns being honest and fair with customers and even workers. It is part of having good character. See: Character in Business as well as Character Important for Success of Business for information of the important of ethics and character.
Hard work is a positive character trait that can bring results. An ethical business will often get more customers than one that is not eithical or honest.
What is the best business strategy?
Topic: General
Question
February 16, 2013
Hello,
I want to know information about the countries which are used the predatory competition, and what is the best model competition(performance competition, head to head competition, and predatory competition), which we can use in our business in order to operate business.
thank you,
Yours
Nabila - Tunisia
23205
Answer
In some countries, the government controls business and acts to prevent small businesses from succeeding.
If you are not in such a situation, the best business strategy is to concentrate on satisfying your customers with good products and services. However, you need to be aware of who your competition is and what advantages and disadvantages they have. Ideally, you do not want a head-to-head competition where you are both selling similar products. Neither company will do as well in such a situation.
What you want is to carve out a niche or product that is enough different than others, such that you are then known for a superior product in that area. For example, if you are selling power tools, it is best to be know for a certain type and features. This is better than going head-to-head with a number of products similar to your competition.
In the case of some large company or even criminal group trying to squeeze you out of business, it is a difficult problem that you hope will not happen.
How is competiton used in business?
Topic: General Business Topics
Question
February 13, 2013
Hello,
I want to understand how companies practice these models of competition as performance competition, head to head competition and predatory competition in order to gain the upper hand and succeed?
Thak you for your time,
Yours Nabila
nabila - Tunisia
23200
Answer
In a performance competition, a company may only have partial information on its competitors. A good example is an online business, where there may be many similar businesses but little is known about them. In such a case, the company must concentrate on doing the best job they can in quality, pricing, and marketing with out worrying about the competition.
Two or three companies selling similar products are in head-to-head competition. The automobile industry is a good example. Information about what the competition is doing is essential in getting the upper hand.
A predatory business competition is when one--usually much larger--company attacks and tries to push the smaller competition out of business.
Running a small public company
Topic: General
Question
October 27, 2012
Three members of a small public company, thinking that their small shareholding were not worth keeping, sold them to a director, and the transfers were duly registered. Five months letter the secretary realized that the membership of the company has been reduced to five.
A) What has been contravened and what are the possible consequences?
B) Is any relief available?
C) Suggest two ways of avoiding the consequences above.
D) Will the situation be the same if it were a private company? Explain
David - Ghana
23004
Answer
According to the local laws, there must be a certain number of members in a public company. Realizing the mistake, the director would have to sell back (or even give) the shares such that there are a minimum number of members.
If the mistake is promptly corrected, it is unlikely any action would be made against the company.
At the very least, the director of the public company should be well-versed in the laws concerning running his business.
The laws for a private company may be different, and again the leadership must know the laws.
Do you provide certificates?
Topic: General Business Topics
Question
October 10, 2012
Do you provide certificates after completion of the on-line course? If so, is their a cost associated with it?
crystal - USA
22977
Answer
Our free lessons are meant to supplement other studies you may be doing to try to help in understanding.
There is no completion or certificates.
Best wishes with your business studies.
Purchasing link advertising
Topic: Improvement Steps
Question
July 24, 2012
Hi,
I have a client who is interested in purchasing a link advertisement on your website, school-for-champions.
Please let me know if you accept link advertising.
Thanks in advance.
Anthony.
Anthony - USA
22795
Answer
Yes. Send me the details.
Summary
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