MBA602 Small Business Administration Case Study 2 Sample
Your task
Students will be placed in groups of 4-5 and be provided with a case scenario. Your task is to evaluate the scenario, answer the questions provided, and then make a group presentation to the class, addressing all questions in the case study.
Individually, students will reflect on the group activity and submit an individual summary in document form. Students must attend the Week 8 class as this is a group assessment. If you miss attending Week 8 in-class, you will also receive a ‘0’ for the individual written summary.
Assessment Description
In this combined group and individual assessment, students are given the opportunity to discuss and debate current issues in small business administration.
Assessment Instructions
PART A:
In week 8, your workshop facilitator will provide the case scenario and either form the groups or allow the Zoom breakout room tool to form groups randomly.
Each group will have 75 minutes to discuss and research answers to the questions and then prepare an 8-minute presentation (with Powerpoint) on the questions in the case study. You do not have to submit the Powerpoint presentation on Turnitin. • Students will then present to the class as a group on Zoom (presentations can take no more than 8 minutes). Each student in the group must present.
PART B:
For the second part of the Assessment, each student individually will reflect on the group activity, the interactions, and again answer all questions for the case study. The submission is only to be 600 words and to be uploaded to TurnItIn. A minimum of six references are required.
Solution
Part A: Group Discussion and Interaction
The sudden outbreak of the COVID-19 disease affected organizational resilience in the management domain. It has been examined that the resources, operations and practices of organizational resilience get affected due to the process and outputs of the COVID-19 pandemic. University Assignment Help, Most companies have been affected due to the pandemic, and thus it also created challenges for small businesses to access finances from banks. The small companies also lost revenue, as the companies were running smoothly before the pandemic. The companies have examined that there is a requirement to change the business structure and strategy by which it can maintain the operations in the market. I have examined that the supply chain and digital construction and the system management of small companies must be improved. I agree with my fellow group member that efficacious management practices must be implemented in small businesses by which organizational resilience can be appropriately boosted. If they want to fulfil their goals and stay within their budget after the pandemic, small company enterprises need to concentrate more on sales. Therefore, in order to remain competitive in the market, small businesses need to devise ways for acquiring capital.
Part B: Case Study
Answer to Question A
According to the case study, Jack and Jane could explore various funding strategies. Firstly, Jane and Jack must consider traditional loans. Those loans are attractive options for the business, and there are less severe penalties that can be effective for the concerned small business. Secondly, Jane and Jack can consider crowdfunding as another alternative funding strategy that can help the company to meet its goals by receiving the funds (Franzoni et al., 2022). The final funding strategy is venture capital or angel investments which can help the small concerned company of Jack and Jane to meet the need for pump funds. Jane and Jack should focus on several factors while considering alternative finance. Jack and Jane should consider the competition in the market and the loan repayment options within the period (Mugerman et al., 2022). There is a requirement for a proper business plan which can help the company to ensure the chances of acquiring funds. It can also encourage Jack and Jane to maintain lean operations and help avoid the risks of funding early on in the business (Schell, 2022). Those factors can be beneficial for the company to operate smoothly in the market.
Answer to Question B
The case study signifies that Jane and Jack must re-visit the 2021 contingency plans as the cash flow gets interrupted. Jack and Jane must seek alternatives in the 2022 contingency plan to avoid the negative impacts of COVID-19 on the business (Kavanagh et al., 2022). The contingency plan for 2022 must include the business plan, the funding strategies, and the sources of liquidity which can help the company ensure normal operations. It is beneficial for ensuring systematic financial conditions. There is a requirement for contingency funds in the 2022 contingency plan of Jane and Jack as the funds are mainly created to cope with emergencies for a business. It is also required to ensure that the fund is in the form of liquid assets or cash (Aldasoro et al., 2022). For example, the preparation analysis, response planning and implementing preparedness must be necessary to be implemented in the contingency plan, which can ensure the preventive controls and help the business maintained the funding in 2022. Furthermore, the contingency plan for 2022 can avoid the negative impacts of COVID-19 on the business and will provide a quick recovery time to save the business from negative cash flows (Bellavitis et al., 2022).
References
Aldasoro, I., Ehlers, T., & Eren, E. (2022). Global banks, dollar funding, and regulation. Journal of International Economics, 137, 103609. https://www.sciencedirect.com/science/article/pii/S0022199622000411
Bellavitis, C., Fisch, C., & McNaughton, R. B. (2022). COVID-19 and the global venture capital landscape. Small Business Economics, 59(3), 781–805. https://link.springer.com/article/10.1007/s11187-021-00547-9
Franzoni, C., Stephan, P., & Veugelers, R. (2022). Funding risky research. Entrepreneurship and Innovation Policy and the Economy, 1(1), 103-133. https://www.journals.uchicago.edu/doi/abs/10.1086/719252
Kavanagh, S., Shiell, A., Hawe, P., & Garvey, K. (2022). Resources, relationships, and systems thinking should inform the way community health promotion is funded. Critical public health, 32(3), 273–282. https://www.tandfonline.com/doi/abs/10.1080/09581596.2020.1813255
Mugerman, Y., Steinberg, N., & Wiener, Z. (2022). The exclamation mark of Cain: Risk salience and mutual fund flows. Journal of Banking & Finance, 134, 106332. https://www.sciencedirect.com/science/article/pii/S0378426621002831
Schell, J. M. (2022). Private equity funds: Business structure and operations. Law Journal Press. https://books.google.com/books?hl=en&lr=&id=9CXLWwVGDbQC&oi=fnd&pg=PA9&dq=funding+and+strategies&ots=2tzkaPLjPW&sig=wv7bq6jITO1BInC49AIaF3P5QHs
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