Essay Example on HOW DOES THE SMALL BUSINESS OWNER S CHOOSE THE BEST STRATEGY FOR THEIR BUSINESS

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HOW DOES THE SMALL BUSINESS OWNER S CHOOSE THE BEST STRATEGY FOR THEIR BUSINESS CHAPTER 1 I Introduction Business Strategy is very important in starting up a business Knowing that it is the key to get a lot s of consumers especially when you are in the area of food industry All the businesses in this world will not function properly if they do not have a best and applicable strategy to get a lot s of consumers Because Consumer is the most important in a Business According to Fred Nickols an independent consultant and a former executive There are three kinds of business strategy that will help every business owners to manage their workplace First is Just Plain Strategy or Strategy in General it refers on how a Business Objectives will be achieved Next the Corporate Strategy it shows how their company will operate Since the researchers are talking about Business Strategy it is designed to achieve the main goal and objectives of their target market Competitors are always present especially if the business is in the field of food industry Therefore there are various strategies that a business produced to achieve their target consumers Chris et al 2000 has define the small business as those which are owned and controlled by only a few persons with owner s influence in decision making and having relatively small share in the market industry In other words Small business is an independently owned and operated company that is limited in stock and size It is the most usable type of business

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Though in times of what business they will raise it based on the owners decision on what their business will come up It s either in the food industry school supplies or etc But in Sta Cruz Poblacion Tanza Cavite they re more food business than others In line with this study It focuses on how does the small business owners choose the best strategy for their food business And this study was conducted to learn more about the most commonly strategy that a owners used for them to get a higher income II Statement of the Problem Food business is a wide ranging market place in our country because it is a necessity that the 10 out of 10 people needed Whereas it demand an applicable business strategy where in it will help to provide the needs of the target market Despite the fact that food is needed by everyone there are still trouble in choosing the appropriate business strategy that will help in business growth Generally this study aimed to make an analysis of how does the business owners choose the best strategy for their business in Sta Cruz Poblacion Tanza Cavite 1 What is the most common strategy that a Small Business have 2 How does their chosen business strategy help in their business growth 3 What are the problems that a food business usually encountered 4

How do they handle those problems 5 Why all companies choose the best strategy to achieve their target market III Objectives of the Study Generally this study conducted to identify the strategy that a small business owners have Specifically it aimed to 1 Identify the most common strategy that a small business owners have 2 How does their chosen business strategy help in their business growth 3 The ability of the owner to choose the best strategy for their business 4 Determine the problem that a business owners will may encounter in choosing the best strategy 5 How long does it takes to change their business strategy that they applied in their business IV Significance of the Study This study provided the information of how does the small business owners choose the best strategy for their food business Future Entrepreneur The food business owner would be able to benefit in this study by having additional knowledge that will help them to choose the best strategy for their business in creating something new for the improvement in doing a business strategy above their competitor that will help them in earning more profits ABM Students will be benefited in this study by gaining a prior knowledge on how to select a strategy appropriately to a food business

And also this research can help them to be prepare as they enter in the food industry V Time and Place of the Study This study was conducted in Sta Cruz Poblacion Tanza Cavite Bayan where the business owners of the small businesses can be found VI Scope and Limitation of the Study This study is focused on How does the small business owners choose their best strategy for their food business The chosen participants were the owners or co owners of Food Business in Sta Cruz Poblacion Tanza Cavite Bayan Research 1 Mary Chrissen R Suarez Grade 11 ABM 1 Kimberly May L Sustal Ms Genine Torres Shaira Genn A Plomos


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