Jack Welch was chairman and CEO of General Electric ‘GE’ from 1981 to 2001. GE’s value increased by 4000% during his tenure. He is well-known to streamline GE by “Growing fast in a slow-growth economy” (Jack Welch, 2019). He transformed the company by selling unprofitable businesses, reducing management layers, laid-off non-performers, implementing six-sigma, conducting 600 acquisitions while shifting into emerging markets, pursuing lean manufacturing by trimming inventories, and dismantling bureaucracy. His Employee Management System ‘EMS’, which was called “rank and yank”, was designed to identify performers and non-performers. He would fire the bottom 10% of his managers and rewarded those in the top 20%. The EMS was adopted by other corporates as a resource management platform later.

Leadership can be hard to define, and it means different things to different people. It could relate to community, religious, political, and campaigning groups' leadership. Regardless of its definition, it is about mapping where we need to go to win as a team or an organization. It is dynamic, exciting, inspiring and a complex phenomenon that includes the interaction between the social environment of organizations and their leaders. It is more than just a skill, is has been conceptualized as a social process.

The increasing demand for sustainability in business, as result of enhanced social, ethical and environmental responsibilities, has turned sustainability strategic to corporations. Sexty (2017) defines sustainability strategy as “a plan that views economic, ethical, social, and environmental responsibilities more intensively and integrates corporate social responsibility (CSR) into all facets of the corporation’s operations.” The integration of ethics into corporate strategy would fulfill the corporations’ responsibilities to the society and make an enduring trust level between the society and the corporations. The corruptions and unethical behaviors of some corporations demonstrate that ethics is not widely practiced in some organizations.

Strategic and Custom Business Plan Writing!

A systemic approach designed to develop the business plan. Five processes of data collection, data analysis, business plan design, business plan development, and business plan presentation are defined to gather, analyze and integrate the data.

Management consulting sector is continuously evolving, and business models are emerging to respond to industry demand. Some major industry players such as McKinsey have developed innovative consulting business models that are disruptive in nature. Some have focused on change management and organizational processes, took a balanced approach to develop a new consulting business model based on value proposition, profit formula, processes, and resources. Paradigm Business Plans is adopting a simplified version of this balanced business model to serve its clients as this model is easy to understand and follow, both for the clients and the company.

The Government of Canada has implemented various financial instruments to support Small businesses. Canada Small Business Financing Program (CSBFP) is one of the financial programs tailored for small businesses. The Canada Small Business Financing Act (CSBF Act) aims to increase the availability of financing to establish, expand, modernize and improve Canadian small businesses. Lenders should refer to the Act and Regulations, as they constitute the legal authority for the Canada Small Business Financing (CSBF) program. They contain the procedures and conditions for making and administering CSBF loans and for submitting claims for loan losses.

Business ethics is cornerstone of corporate social responsibility. “Business ethics is the rules, standards, codes or principles which provide guidelines for morally right behaviour and truthfulness in specific situations” (Sexty, 2017). Corporate social responsibility (CSR) is a general management concern; that is, it is important to all aspects of business, and it is integrated into a corporation’s operations through its values, culture, decision making, strategy, and reporting mechanisms. International Organization for Standardization (ISO) has formulated standards for risk, quality, environmental, and energy management. Its ISO 26000 standard defined social responsibility as the responsibility of an organization for the impacts of its decisions and activities on society and the environment, through transparent and ethical behaviour that:

The vast number of SMEs operating in the Canadian economy suggests a niche market for the operators who would recognize the needs of SMEs and could offer customized solutions to meet their needs. Such services contribute to specialization, which is in nature strategic to SMEs’ businesses as there is a positive relationship between specialization strategy and small business performance.

A business plan is a prevalent feature of business venture and is encouraged by government agencies, education institutions, and consultants and is sometimes a core requirement when seeking financial support. There is a widespread belief that writing a business plan will impact favorably on venture performance by stimulating faster and better decision.

The business plan is a professional genre of significant importance to business practice. It presents the strategic approaches to conduct a certain business in a period of time. It also means to convince the reader of the feasibility of the business idea and the benefit of their participation in it. Business plan comprises of qualitative and quantitative sections. The qualitative section includes business description, marketing planning, operation strategy, human resources management, information technology strategy, and corporate social responsibility. An executive summary describes the business plan in one or two pages, helping the reader to understand the concept of the business. The quantitative section is the financial planning of the business or project.