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Running Head: BUSINESS ADMINISTRATION 1

Business administration

Emmanuel, P PUB7022

North Central University

Dr. Strother

3/5/2021

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patrick.emmanuel
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BUSINESS ADMINISTRATION 2

NEWSLETTER

From: Small Business Administration (SBA) Learning Center

To: Public

Introduction

Small Business Administration (SBA) centers, particularly in the United States, are

established to enable entrepreneurs to access resources to start their businesses. The learning

centers provide support based on three C’s, which include Capital, Contracting, and counseling.

As a public administrator at the SBA learning center, I will provide a comprehensive report

concerning our learning center concerning the type of capital, contracting, and counseling

programs paramount to the success of small businesses across the globe and particularly in the

United States. The information in this newsletter will also be available in the learning center’s

website portal. People with any question concerning information about the organization will

have to access the information from the portal.

The SBA learning center plays a critical role in strengthening its competitiveness by

exposing the general public to evidence-based information from research and development

(Craig, Jackson III & Thomson, 2007). The organization’s mission is to ensure there are enough

resources and education programs that help businesses strive even when there is uncertainty,

be consistent with capitalization

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BUSINESS ADMINISTRATION 2

such as the emerging of COVID-19. The centers also have established systems to facilitate the

education of emerging technologies critical in developing and implementing new technologies in

business environments.

Purpose of the SBA Learning Center

The main purpose of establishing the learning center is to create a platform for accessing

capital to start or expand small businesses among small entrepreneurs. Over the last few decades,

the organization has realized that most people cannot start or expand their business despite the

noble entrepreneur skills they may have due to the challenge of acquiring loans in the

conventional loan market. The SBA learning center will provide loans to the public at lower

interest rates than the conventional market to enable needy people to expand their small

businesses.

Secondly, through the collaboration with the federal government, which aims to provide

twenty-three percent of the federal contracting dollars to small and medium enterprises, we shall

be able to play a critical part in enhancing training to small business owners and contracting

officers (Yallapragada & Bhuiyan, 2011). Thirdly, the learning center has employed more than

five hundred technical assistance providers and counselors to provide training and counseling to

entrepreneurs. The entrepreneurial programs in the learning center will provide training based on

evidence research programs.

The other main purpose of the learning center is to enhance invention and innovation to

support infant industries and increase their competitiveness in the global market. The invention

and innovation training will enable small businesses to integrate new technologies to analyze

potential markets and enhance effective methods in advertising their products. The learning

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center has well-laid structures to support high growth-potential small and medium enterprises

and trail-blazing research. The learning center is purposed to assist enterprises in expanding their

export sales. Additionally, the learning center has a pool of resources to support enterprises such

as non-profit organizations, renters, and homeowners during uncertain circumstances such as

pandemics.

Overview of SBA’s grants and contract vehicles

To encourage more members to register to the learning center, we have various grant

categories and contract vehicles. Based on the grants, we have two major categories of grants

which include Small Business Innovation Research (SBIR) Awards and Small Business

Technology (STTR) awards as the main grants in our institution (Gianopoulos, 2019).

Enterprises with more than a hundred million annual revenue will be required to contribute two

percent of their revenue for research and development under SBIR. The learning center will

monitor and oversee the grant process within the organization.

Under SBIR, there will be a grant for a hundred thousand dollars to six companies that

have successfully implemented new technologies taught to small businesses from our

institutions. The grant will be provided twice a year. The grant is provided the learning

institutions to encourage small business to learn the new technologies and apply in the real

business scenario. Based on the STTR, grants will be provided based on how effectively an

organization has collaborated with a non-profit research institute. The grant will be available to

ten best enterprises that have implemented technological innovation through researches

facilitated by education institutions, non-profit science, or federal laboratories. Ten best

enterprises will be provided with a hundred thousand dollar grant twice a year. The policies

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under STTR again require an organization with more than a revenue of more than a billion

annually to contribute one percent of their revenue to support the program.

As a result of a large pool of resources, the learning center will rely on large automotive

manufacturing companies such as Toyota to purchase many vehicles to access the quantity

discount. The discount will enable the learning center to offer those cars as contract vehicles at

favorable terms and conditions. The contract vehicles will purposely be designed to help small

businesses conduct their activities such as transportation of raw materials to their industries and

conveying finished products to customers.

Courses available to the public

Learning center has various courses that will enable the organization to offer quality

knowledge to the people aiming to start their businesses and expand their enterprises. Other

courses will enable the organization to facilitate effective management styles to individuals will

poor management policies in their organizations.

The first course offered in the organization is business analytic (Oztekin & Khan, 2014).

The course will enable entrepreneurs to make a more accurate analysis concerning the expenses

and the profit associated with a particular organization. The course allows organizations to use

emerging technologies to analyze massive data by an organization, particularly when an

organization is advancing, thus attracting more customers and more organization data.

The learning center is also offering ocean strategy courses. The course will enable

entrepreneurs to become the world’s market leaders by developing and unexploited markets in

the Blue Ocean era. The center will also course on accounting, enabling organizations to perform

This is unconventional. Why not cite the basic courses offered at the SBA?

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accounting courses by integrating new technologies that support simple, accurate, and timely

data in an organization.

Strategic communication in management is also another course that will be offered in the

learning center. Due to advancements in technology that enable businesses to conduct

transactions even to foreign countries, effective communication strategies are essential.

Plan for online courses attendance

Many institutions are offering online courses across the globe. The learning center has

taken proactive measures to ensure it remains competitive in offering online courses during its

education programs. Our institution’s target market is adult individuals who have already

established their businesses or young people who have graduated with different courses that are

not related to business. Most individuals under this category are busy and may lack time to travel

to the learning institution’s physical location to attend classes.

To deal with an increase of online courses, we will employ many educators who will

offer their services at different intervals during the day and at night for those individuals who

will be busy doing their businesses during the day. Secondly, we shall implement technologies

such as teleconferencing to enable many students to conduct their discussions at the same time.

Again we shall training, and online courses are also conducted on weekends for those students

who buy throughout the weekdays.

Based on the technical challenges such as losing student’s data through cybersecurity

crime, the organization will implement emerging technologies such as cloud computing (Bennett

& Monds, 2008). Cloud computing technology will enable the organization to gather, store and

analyze students’ data. The technology is effective in providing timely information on demand.

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The organization will also install power back such as generators and solar panels in case of

power challenges in the learning institution.

Before implementing the online classes, we shall expose our students who are computer

illiterate to basic computer knowledge to acquire skills to log in for online classes, browsing for

study materials, and how to use applications meant for online classes. The learning center will

also provide learners with quality laptops to a student through credit and hire purchase terms to

enable them to conduct online classes effectively.

Conclusion

Small Business Administration (SBA) is committed to supporting small enterprises to

integrate emerging technologies to improve efficiency, innovation, and communication in their

business operation. The learning center will also provide businesses with loans, grants, and

contract vehicles to support their operations. Therefore, I encourage all the interested persons to

visit the center’s portal for more information.

but you’ve not given the web address

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References

Bennett, C. F., & Monds, K. E. (2008). In online courses, the real challenge is motivation.

College Teaching Methods & Styles Journal (CTMS), 4(6), 1-6.

Craig, B. R., Jackson III, W. E., & Thomson, J. B. (2007). Small firm finance, credit rationing,

and the impact of SBA guaranteed lending on local economic growth.‐ Journal of small

business management, 45(1), 116-132.

Gianopoulos, K. (2019, March). Small Business Administration: Export Promotion Grant

Program Should Better Ensure Compliance with Law and Help States Make Full Use of

Funds, Statement of Kimberly Gianopoulos, Director International Affairs and Trade,

Testimony Before the Subcommittee on Rural Development, Agriculture, Trade and

Entrepreneurship, Committee on Small Business, House Representatives. In the United

States. Government Accountability Office (No. GAO-19-444T). The United States.

Government Accountability Office.

Oztekin, A., & Khan, M. R. (2014). A business-analytic approach to identify critical factors in

quantitative disciplines. Journal of Computer Information Systems, 54(4), 60-70.

Italicize journal titles

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Yallapragada, R. R., & Bhuiyan, M. (2011). Small business entrepreneurship in the United

States. Journal of Applied Business Research (JABR), 27(6), 117-122.