Tag: Advantages and Disadvantages

Advantages and disadvantages are the synonyms of strengths and weaknesses, opportunities and obstacles, benefits and disbenefits, and pros and cons. It seems like a sense of positive and negative arguments and attributes. The advantages and disadvantages show something’s pros and cons. Hence, you can carefully consider making a perfect decision based on the positive and negative of the substance.

The Importance of a Business Plan or Proposal

Importance of a Business Plan or Proposal

A business plan explains the entire business, including its executive summary, background, marketing plan, production plan, vision, and mission. It ensures whether the company will be successful or not. Entrepreneurs should have a business proposal to start a new business to avoid risk. It also assists the employees in accomplishing the business. The importance of a business plan becomes crucial to start up a new company.

A business proposal is a short business plan. The business proposal describes the business process. However, a business proposal includes an executive summary, problem statements, product, finance, and solution. The example of a business proposal for students certainly guides others to create a business plan. This business plan sample teaches how to write business plan assignments for students. Students might learn how to write a simple business plan and proposal.

Business Plan Examples For Student Entrepreneurship

BUSINESS PLAN TABLE OF CONTENTS

The Ten Importance of a Business Plan are:

  1. Evaluating the Business Ideas
  2. Stakeholder Collaboration
  3. Bank Loan Sanction
  4. Analyzing Feasibility
  5. Assisting Entrepreneur
  6. Assisting Employees
  7. Customer Segmentation
  8. Product Description
  9. Financial Projection
  10. Risk Reduction
Evaluating the Business Ideas

Firstly business plan validates the reasonableness of profit from the business. It is written evidence to test the business idea’s profitability. A business plan also assists stakeholders and employees in evaluating the business idea and working accordingly. It also helps the management team in adequately managing and conducting business activities. A business plan shows entrepreneurs the way to start up a new business.

Stakeholder Collaboration

A business plan is essential for collaborating with stakeholders. The organizations provide the business profile to collaborate with each other. It represents the company to other parties to make a deal. It also assists the organization in winning the negotiation. For example, two companies want to collaborate on promoting each other products. In this situation, both universities share their company profile and business plan to know each other before signing the MoU. Additionally, It is crucial to persuade clients and investors.

Bank Loan Sanction

The business plan is also important to get get a bank loan. Most companies submit a company profile while applying for a bank loan. The bank authority surely evaluates business feasibility through the business report. It assists the Bank authority in assessing the business feasibility as well as sanctioning the loan.

Analyzing Feasibility

The business plan is crucial for the start-up business and new programs or business plans under the company. For example, a TV program plan is compulsory to get permission to telecast a new program on Television. The authority analyzes the program’s feasibility through the written plan.

Assisting Entrepreneur

Thus, a business plan or proposal is significant for students who want to become entrepreneurs. It certainly shows the way for entrepreneurs to start a new business.

Assisting Employees

Additionally, the business plan assists employees in understanding their goals in the particular organization. Every business proposal includes an executive summary and company background information. So, It is a perfect written document for getting business ideas. It also demonstrates the employee’s common goals. Therefore, this business plan teaches employees how to work effectively in the organization.

Customer Segmentation

Customer segmentation is a way of identifying the group of customers who want to buy specific products. The business proposal mentions the demographic and psychographic factors to identify those groups of customers. Therefore, the organization sends the products to the specific customers who need them.

Product Description

A business plan describes product details to customers. The customers learn about the products through it.

Financial Projection

The business plan describes financial projections, including determining capital conditions. It shows how to divide and invest the fund nicely for different purposes. It also maintains proper cash flow.

Risk Reduction

The business proposal assists in reducing risk for new organizations. The business plan includes a SWOT analysis to assess the business risk. A complete business proposal shows how to overcome threats to achieve the goal.

SWOT Analysis

Linear Communication Model Examples With Pros and Cons

Linear Communication Model Example Situation. Advantages and Disadvantages of Linear Model of Communication.

Linear Communication

Linear communication refers to one-way communication like reading books or newspapers, watching television, listening radio, and receiving no-reply emails. It is a particular type of communication that excludes receiver feedback. In this context, senders convey messages without expecting feedback from audiences. The receiver cannot respond to the sender immediately. For example, a company publishes a recruitment circular in a newspaper describing the application process. The authority wants to convey messages to applicants without expecting feedback.

Linear Communication Model

The linear communication model refers to the framework that explains the one-way communication process. Many communication systems are one-way directed, including disseminating news through radio. For example, print media spreads emergency news to readers; but readers cannot respond instantly or provide feedback to the authority. Conveying information through the radio, TV, newspaper, and book is an appropriate example of one-way communication. Therefore, many scientists designed linear communication models to explain these one-way communication processes. Linear means one way.

A linear model excludes Feedback, which is a mandatory element for transactional communication. In a communication process, senders transmit info to receivers. Similarly, receivers respond to senders, which is called Feedback. Effective communication occurs when both senders and receivers respond simultaneously. Feedback is an essential element of the communication process. Therefore, linear communication models have both advantages and disadvantages.

Different Between Linear and Transaction Models

The primary difference between the transactional and linear models is- the transactional model includes Feedback, but the linear model excludes it.

Additionally, the transactional theory can explain two-way communication, including face-to-face interaction. In contrast, the linear model can describe only one-way communication, like reading newspapers.

Finally, transactional models are developed from the linear model. The linear models are older than the transactional model.

Linear Communication Model Example Situation

Linear Model of Communication Example

The Four Examples of Linear Communication Models are:

  1. Aristotle Communication Model- 300BC
  2. Lasswell’s Communication Model- 1948
  3. Shannon-Weaver Communication Model-1949
  4. Berlo’s SMCR Communication Model in 1960
Aristotle Communication Model– 300BC

Aristotle’s communication model is a well-known example of a linear model of communication. Greek Scientist Aristotle introduced a linear communication model in 300 BC. He designed the model to explain how to provide political and social speech for audiences. The model is focused on the message and audience or receiver mainly. The five critical components of Aristotle’s communication model are speaker, speech, occasion, audience, and effect. This theory does not mention Feedback; hence, it is a linear communication theory.

Aristotle's Model of Communication

Lasswell’s Communication Model

In 1948, Harold Lasswell described a linear communication model with five elements: who says what, in which channel, to whom with what effect. It is another prominent model to illustrate one-way communication.

Lasswell Linear Model of Communication Explanation Image or Photo

Shannon-Weaver Communication Model

The Shannon-Weaver model is the most notable theory in the communication arena for representing communication noise. It is known as the mother of all communication models. In 1949, Shannon and Weaver published this model to explain how signals are transmitted through channels. The six components of the Shannon-Weaver model are Information Source, Transmitter, Channel, Receiver, Destination, and Noise Source.

Shannon and Weaver's Model of Communication Example

Berlo’s SMCR Communication Model

In 1960, David Berlo developed another linear communication model with four key elements Source, Message, Channel, and Receiver. Therefore, it is known as the SMCR communication model. Berlo describes five more elements under every critical component. For example, Source includes Communication Skills, Attitude, Knowledge, Social Systems, and Culture. Additionally, the message comprises Content, Elements, Treatment, Structure, and Code. Moreover, the channel contains hearing, seeing, touching, smelling, and tasting. The receiver includes the same elements as the message sender.

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Linear Communication Examples

The five examples of linear communication are: (1) Reading books and Newspapers, (2) Watching Television, (3) Listening Radio, (4)  Receiving no-reply emails, and (5) Reading Brochures.

Linear Communication Example Situation-1

Reading newspapers is another example of a one-way communication process. The readers can receive the information but cannot respond.

Linear Communication Example Situation-2

For example, Joe Biden, the 46th U.S. president, delivers a speech on CNN after returning from Ukraine. People are watching television to hear the president’s statement. He announces $500 million for military support in Ukraine. The speaker is the message’s sender, and the audiences are the receiver. The message has been transmitted through the CNN television channel. However, audiences can not respond to the speech instantly. The feedback is not presented in this type of communication; hence, it is a one-way communication process.

Linear Communication Example Situation-3

Listening radio is an example of linear communication because the audience cannot respond. The audience can listen to news, music, and advertisement.

Linear Communication Example Situation-4

A no-reply email is also an example of a linear communication process. The receiver receives the messages in email but cannot reply to them. A no-reply is sent from the company domain email that doesn’t receive feedback.

Linear Communication Model Advantages and Disadvantages

The author explains the strengths and weaknesses of the linear model of communication. The linear model has pros and cons for the theoretical and practical implications.

Advantages of the Linear Model of Communication

Firstly, the linear communication model is easy to understand and describes the entire process thoroughly. The communication is straightforward and targeted to specific audiences.

Additionally, the linear model of communication was the initial theory that explains the communication process. The interactive and transactional communication models are designed based on linear models.

Moreover, a linear communication model is inevitable to explain the communication process through print media, TV, letter, Fax, and no-reply email.

Disadvantages of the Linear Model of Communication

Firstly, linear models do not represent Feedback; therefore, these models are incomplete. It can explain only the one-way communication process, but not two-way interactions. However, feedback is a significant component of interactive and transactional communication.

In addition, linear communication models cannot describe face-to-face communication as the most effective interaction. Nowadays, people prefer transaction communication systems like face-to-face, phone conversations, video conferences, and more. However, linear theories like Aristotle’s, Lasswell’s, Shannon-Weaver’s, and David Berlo’s SMCR communication model are unable to explain interactive communication.

Moreover, linear communication is inappropriate for problem-solving, bargaining, and dealing. One-way communication creates miscommunication between sender and receiver, sometimes disseminating misleading information.  Linear models are designed to explain the inappropriate communication process that might create misconceptions about the message delivered by senders.

Furthermore, the Linear model distinguishes the sender and receiver in which the sender always send, and the receiver only receives messages. Naturally, in the communication process, senders work as sender and receiver, and receivers also work as receivers and senders of the message.