Discuss the types of financing assistance available to Otto. Select the best financing option for Otto’s business and explain why the financing assistance was selected. Explain why the other options would not fit Otto’s situation.

 

  • Discuss the types of financing assistance available to Otto.  
  • Select the best financing option for Otto’s business and explain why the financing assistance was selected.
  • Explain why the other options would not fit Otto’s situation. 

 

Step 7: Staffing Needs/Organizational Structure

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Otto knows that the expansion will require changes to staffing.  Think about what the expanded business needs in terms of human capital and how the business can best be organized so that every employee has a job that fits within the organizational structure.

 

  • How might the staffing needs change?
  • Discuss how Otto can best organize, orient, and train his restaurant staff. 
  • What is the best organizational structure that would work best for Otto’s expanded business?  [e.g., vertical hierarchy, functional, teams, flat (horizontal), or matrix]. 

Step 8: Customers/Promoting the Business

 

Otto has limited funds.  Two of his main concerns are: what to do to promote the business to current customers and how to promote the business to new customers.  Use the course readings to:

 

  • Explain how Otto can approach his current customers about the change?
  • What kind of promotion should Otto consider to attract new customers to the new location?

 

 

Step 9: Ethics and Social Responsibility

 

With having only a few employees, Otto has never thought much about how he can ensure the business is ran ethically.  At the same time, Otto has not put much thought into being socially responsible although he believes strongly in supporting the community and does so by purchasing products locally.

 

  • What can Otto do to ensure the business is ran ethically? 
  • What can Otto do to demonstrate that he is socially responsible?  (Consider customers, employees, the current and new communities, and other stakeholders.)

 

 

Step 10:  Write the summary paragraph

 

Write the summary paragraph. A summary paragraph restates the main topics of the paper.  Make sure to leave a reader with a sense that the paper is complete.  The summary paragraph is the last paragraph of a paper and does not need a heading.

 

 

Step 11:  Review the Paper

 

Read the paper to ensure all required elements are present.  Use the grading rubric to ensure that you gain the most points possible for this assignment.

 

Proofread the paper for spelling and grammatical issues, and third person writing.

 

  • Read the paper aloud as a first measure;
  • Use the spell and grammar check in Word as a second measure;
  • Have someone who has excellent English skills to proof the paper;
  • Consider submitting the paper to the Effective Writing Center (EWC).  The EWC will provide 4-6 areas that may need improvement.
 

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