Business Project

Mike Wardingley Define the term â€Å"the learning organization. †Ã‚   In what ways can the principles of the learning organization strategically impact an organization? A learning organization is one that: -Seeks to create its own future. -Assumes learning is an ongoing and creative process for its members. -Develops, adapts and transforms itself in response to the needs and aspirations of people, both inside and outside itself. – Allows people at all levels, individually and collectively, to continually increasing their capacity to produce results they really care about.A company that cares about development and their future will be a learning organization. Wide profit margins are great but a great company will not only worry about the bottom line, but the personal and professional development of their employees as well. An atmosphere of learning and improvement will also help spurn new and improved processes. Google has become a company that allows the employees to c ontinually improve and fosters creative thinking. The work environment is relaxed and the perks allow the employees to be free thinkers.Companies that put effort and money into the development of their employees will see a much bigger return in the end. Tuition assistance, college loan repayment programs, and during work learning opportunities will keep the employees happy as well as constantly developing into more educated and productive workers. Using the Internet, research the Small Business Administration’s website (www. sba. gov). What different types of financing are available to small firms? Besides financing, what other programs are available to support the growth and development of small businesses?The types of financing that are available to new small businesses are: * Loans * Grants * Bonds * Venture Capital In addition to the financing options, the Small Business Administration has set up a large number of other forms of assistance to make sure a new business has all the tools necessary to succeed. There is an online training program that will help an owner with starting, managing, financing, and contracting the new business venture. The Small Business Administration has also developed programs to help other types of new business owners.The Women’s Business Center was set up to help women start and maintain a successful business. The Veteran’s Business Center was created to help US Military veterans start a new fresh start after leaving military service. The US Export Assistance Center was established to help small businesses with the difficult task of beginning new exports to other countries. This difficult process is tough but made much easier with the help of the SBA. The SBA is a free resource that can help you develop a new business plan and then make a move to start your business and set you up for success.Define the term â€Å"emotional intelligence (EI). †Ã‚   What are the key elements of EI? Why is so important to successful strategic leadership? Emotional Intelligence (EI) is the capacity to reason about emotions, and of emotions to enhance thinking. It includes the abilities to accurately perceive emotions, to access and generate emotions so as to assist thought, to understand emotions and emotional knowledge, and to reflectively regulate emotions so as to promote emotional and intellectual growth.The four key elements are: 1. Self Awareness 2. Self Management 3. Social Awareness 4. Relationship Management A good manager knows not only who he/she is, but also who each one of their employees is as well. Not just that they have a wife and 2 kids, but knows about what makes them who they are. The likes/dislikes, the personality, the past, and the future goals should be vitally important. This is key to making sure the work center is productive and free of hostility.While opinions will differ, too much dissention and strife can kill not only office camaraderie but production as well. Fosteri ng healthy work relationships can also ensure that office cohesiveness stays on track. While the consequences of unhealthy relationships can be very costly, developing good and healthy relationships with employees can pay off in the end. Knowing each employee on a personal basis can help you better know how to interact with each employee and get the most productivity in return.