BUS 210 Foundations of Business Week 6 Job Fair Paper

Jazzy Jewels: The business model, structure and culture.

Abstract

Jazzy Jewels is a company that will be selling hand-crafted jewelry made by artists who will show their work on the company website. Jazzyjewels.com will be the website that offers pictures of the jewelry pieces and handles the sales transactions. All transactions will follow company guidelines and !" of all profits after an artists sale will be due to Jazzy Jewels. As Jazzy Jewels grows and de#elops a solid customer base, the company will begin to sell more product lines. The business will be structured using a functional structure managed with the, $management by objecti#es,$ techni%ue. &urturing a strong professional culture in the company that clearly shows employees that the company will in#est in them is #ery important. Jazzy Jewels also has many ideas for moti#ating employees and fostering positi#e employee relationships. Jazzy Jewels will operate its business with integrity as its first and primary goal, making a profit being the goal running a close second.

Jazzy Jewels: The business model, structure and culture.

Jazzy Jewels is a company that will be selling hand-crafted jewelry. The storefront for Jazzy Jewels will be an internet site, Jazzyjewels.com. Artists will show their work on the website, offer their pieces for sale and pay Jazzy Jewels !" of what they recei#e after ta'es. All artists will follow Jazzy Jewels company guidelines for how to show their work and how to handle customer ser#ice. Jazzy Jewels will be responsible for maintaining the website, handling any customer ser#ice %uestions or problems, and adhering to all state and federal guidelines for running a legal business entity. Jazzy Jewels will be structured using a functional structure. (unctional structures generally are beneficial for businesses or organizations that are smaller and not #ery complicated. )nitially, Jazzy Jewels will focus only on selling jewelry off of its website, so a less comple' model for running a business will suit it well. Tasks will be di#ided up and assigned to employees by #irtue of their particular area of e'pertise. *y assigning tasks to employees based on their skills and strengths, Jazzy Jewels will benefit in se#eral ways. &amely, the company will efficiently use its resources and allow for employees to specialize in their departments and become e'pert at their tasks. Also, a functional structure is a simple business structure to follow+ employees will easily comprehend this structure for the company. And employees di#ided into work group by tasks find it easier to communicate

and learn from each other as well, as they are performing the same job tasks working towards a common goal. At Jazzy Jewels, the ,hief -'ecuti#e .fficer will o#ersee the entire company, with the primary di#isions of the company being, /ales, 0ebsite 1aintenance, /hipping and 2ecei#ing, ,ustomer /er#ice, .ffice Administration, and last but not least, there will be a di#ision called, .pportunities, that will specialize in growing the business. )f the growth of Jazzy Jewels happens as e'pected, the company may re-organize and mo#e to a product structure with the hope that grouping functions into product di#isions will better accommodate the company selling more than one type of product.

Jazzy Jewels will be a company that is run using the management by objecti#e approach. All employees in the company will be gi#en specific objecti#es and goals to achie#e. 3uidelines and time-frames to achie#e this goal will also be gi#en. These objecti#es will be made clear to both employees and management. 4erformance re#iews will be conducted on a regular bases to ensure that employees are meeting their goals, and a reward system will be in place to moti#ate employees. Annual raises based on performance and how well objecti#es are met will be standard. 4eriodic performance bases bonuses will be offered as well.

.#erall, the company will keep to fairly strict guidelines for reaching goals, howe#er, to better foster a positi#e work en#ironment, Jazzy Jewels will put in place #arious companywide traditions. &ew hires to the company will be introduced at the weekly meeting. At least 56 minutes will be set aside for an introduction and ice-breaking e'ercise in the hopes that employees will feel welcome and enjoy this first step in getting to know their coworkers. .nce a month, an employee with an outstanding idea or an employee who has e'ceeded their objecti#es for the month will be honored during a weekly meeting. A bonus will be gi#en to them in the form of an American -'press or 7isa gift card that they can choose to spend at their leisure. /pecifics rites of integration, rites of passage, and rites of enhancement will be honored in similar ways as the abo#e e'amples reflect in order to help employees build stronger bonds with their peers and also stronger bonds of loyalty to the company.

)n the hope of de#eloping a strong sense of professional culture, employees will be allowed to benefit from company perks like ha#ing a ma'imum of two college le#el classes per year being paid for by Jazzy Jewels as long as the classes will directly benefit the company. Also, all promotion opportunities for the company will be presented to employees first. .utside hiring will only be done as a second and last choice. Jazzy Jewels will work to take steps to nurture a professional atmosphere for the workplace, with company goals kept in mind always. 8owe#er, it will also nurture an atmosphere that works to show employees that they are #alued and will always be treated with honesty and respect. Jazzy Jewels hopes to succeed, become financially profitable and e'perience growth that allows it to branch out into new markets and sell more than just jewelry. 8owe#er, the most important goal for the

company to achie#e is to inspire its employees to take pride in always pro#iding %uality products, e'cellent customer ser#ice, and professional #alues and beha#iors at all times.

2eferences (oundations of *usiness, *9/ 5! te'tbook. 1c3raw-8ill ,ompanies. !!:.