notes for business final - A companys business model...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
A company’s business model outlines its plan for using its resources to create valuable products that will give it a competitive advantage —the business model specifies how a company is going to create value for customers .(Jones 2007). Equipment and Supplies • Review purchasing policies and procedures. • Take inventory of supplies and equipment. • Update service contracts for equipment and building maintenance. • Identify nutrition and food service needs. Child Care Administration • Update enrollment policies and procedures. • Update administrative forms for staff and parents Strategic & Operational Planning _ • Choose the person to evaluate center operations. • Develop a mission statement. • Develop short and long term goals and objectives. • Draft a written action plan to meet goals and objectives. Program Design • Determine whether existing programs meet community needs for child care. • Determine services to be provided and hours of operation. • Update learning curriculum. • Establish quality standards using developmentally appropriate practices. • Review health, safety and nutritional policies. Physical Facilities • Evaluate physical facility and expansion options. • Upgrade interior spaces in compliance with building code regulations. • Evaluate playground equipment, design and landscape needs.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Child Care Administration (continued) _ CHECKLIST • Update personnel policies and procedures. • Evaluate existing personnel. • Determine new personnel needs. • Recruit, select, and train staff. • Develop a plan to motivate employees. • Identify on-going training vehicles. Professional Support Network • Establish or evaluate professional services networks. • Investigate sources of management and technical assistance. Marketing and Promotion • Identify marketing and promotional needs. • Identify communications outlets. • Develop promotional materials and literature. • Implement marketing strategies. Fiscal Management • Evaluate record keeping systems. • Identify information systems needs. • Evaluate financial condition of the center. • Review or update budget. • Determine permanent working capital and financing needs. • Identify sources of funding. Legal Issues • Evaluate the legal structure and tax implications of business. • Review the status of employment related taxes and reporting requirements. • Evaluate risk management needs. Problem Solving
Background image of page 2
• Identify problem areas. • Develop an action plan to resolve problems. STRATEGIC PLANNING is needed to set the child care center’s long term direction and establish the course of action needed to achieve goals. OPERATIONAL PLANNING
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 9

notes for business final - A companys business model...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online