Week 12 Topic Relevance to the RealWorld of Business: INSTRUCTIONS: 1 Select one topic from the listed topics below which

Week 12 Topic – Relevance to the Real-World of Business:
INSTRUCTIONS:
1) Select one topic from the listed topics below, which you believe has the strongest connection to the real world of business.
You can select any business topic from the Simulation.
For topics see attachment
2) Using the Online Databases research this business area and relate it to a recent article about an actual corporation that produce computer and exist as a corporation example IBM, APPLE, DELL, HP,
3) Write a minimum two properly-cited, substantial paragraphs describing this topic and why you believe this topic has the strongest connection to the target corporation.
Note: Be sure to use proper APA in-text citations and References. Failure to properly cite sources will result in a zero.
TOPICS
See topics to choose below:
Some topics;
1. Organize the firm and set up shop
Name the
company.
Sell
2,000,000 in stock.
Assign
corporate responsibilities to the team.
Analyze the
market survey.
Establish
corporate goals and overall business strategy.
Choose your
primary and secondary target segments.
Design at
least one brand for each target segment.
Schedule the
opening of the first sales office.
Build a
production facility.
2. Go to test market
Sell
1,000,000 in stock to executive team.
Hire sales
and service personnel.
Establish
employee compensation packages.
Review brand
design for each target segment.
Establish
brand price and priority.
Prepare an
advertising campaign.
Schedule
production.
Purchase
market research.
3. Skillful adjustment and market expansion
Sell
1,000,000 in stock.
Review the
market, human resource, financial and production data from the test
market.
Adjust the
firms strategy and tactics (brand design, pricing, advertising, sales and
service personnel, compensation packages, production) as needed.
Schedule the
opening of a new sales office if you choose.
4. Invest in the future
Sell
4,000,000 in stock to outside investors.
Invest in
research and development in order to introduce new brand features to the
market.
Substantially
expand market coverage via new sales offices.
Expand fixed
production capacity.
Adjust the
firms strategy and tactics (brand design, pricing, advertising, sales and
service personnel, development of human capital, production) as needed.
5. Expand the business strategy
Study the
market, financial, and production data to determine how to better meet
customer needs, motivate employees, add to the bottom line, and surpass
the competition.
Expand your
assortment of brands by introducing the new features developed by your
research and development (R&D) department.
Continue
with market expansion by investing in advertising, sales people, new sales
offices, and production capacity.
6. Refine the business strategy
Study the
market, financial, and production data.
Adjust the
firms strategy and tactics as needed.
This represents the whole of the world you will compete in. From this point forward, you will receive information as you need it. You will also be given an ever-expanding set of decisions to make. The sequence follows the way in which an entrepreneurial firm develops a new market in the real world.