Transfer of Property Free Essays

THE TRANSFER OF PROPERTY ACT, 1882 PERSONS COMPETENT TO TRANSFER (Section-7 ) Submitted by: Ananya mohapatra BBA-LLB (A) 5th Semester 1082015 PERSONS COMPETENT TO TRANSFER (Section-7) Every person competent to contract and entitled to transferable property, or authorized to dispose of transferable property not his own, is competent to transfer such property either wholly or in part, and either absolutely or conditionally, in the circumstances, to the extent and in the manner, allowed and prescribed by any law for the time being in force. Who is a Transferor? Every person who is competent to contract as per the Indian Contract Act is also competent to transfer a property provided that he is authorized to transfer it as per the law. The term â€Å"authorized† needs to emphasize. We will write a custom essay sample on Transfer of Property or any similar topic only for you Order Now If transferor is not owner of the property he purports to transfer he must show that he is otherwise authorizes by law to transfer the property. Who is a Transferee? As far as a transferee is concerned there is no such requirement that he must be competent to contract. So, a minor, lunatic- all they can be transferees. However, a few limitations are there. First in the lease of lease both transferor and transferee have to be major or otherwise competent to make contract. Second, if a gift is made to a minor, it has to be accepted by its guardian. Apart from these, there may also be some special provisions which attach some (dis)qualification to a person wanted to be a transferee. For Eg: S. 136 of the T. P. Act provides that officers of the court including judges and advocates cannot be assignee of actionable claims. COMPETENT TO TRANSFER Under S 6(h) (3), any person is competent to be a transferee, unless legally disqualified. This section deals with the competency of a transferor. The transferor must be- a) competent to contract; and b) have title to the property or authority to transfer it if not his own. COMPETENT TO CONTRACT This is the same condition as is enacted by S 7 of the Indian Trusts Act, 1882 for the creation of a trust. S 11 of the Indian Contract Act 1872 defines the capacity to contract. The power to transfer must depend upon the power to contract, for without an antecedent contract to give and take; there can be no transfer at all. MINOR AS A TRANSFEROR The transferor must have attained the age of majority according to the law to which he is subject. The Privy Council held that a contract by a minor is void and so therefore the transfer by a minor is also void. Although a minor is not competent to transfer, yet a transfer to a minor is valid. LUNATIC AS A TRANSFEROR Under S. 2 of the Indian Contract Act 1872, a person is of sound mind for the purpose of making a contract if he is capable of understanding and of forming a rational judgment as to its effect upon his interests. A contract made by a lunatic is void under the Indian Contract Act 1872, and so also a transfer by him of his property is void. Disqualified to contract A statutory disqualification to contract imports, as in the case of a minor, inability to transfer. Such a disqualification ensues when the own er’s property is under the management of the Court of Wards, or of an officer appointed under Encumbered Estates Act. A judgment debtor whose property is being sold in execution by the collector is also incompetent to alienate. Oral Transfer: Formalities of a Transfer Section 9 of the TP Act states that in every case where writing is not required a transfer can be made orally. The meaning is that if writing is not required by Law- property can be transferred by delivery of possession of the property. Pre-requisites of a valid transfer: 1) Property must be transferable S. 6 2) Transferor must be competent to contract and should not be disqualified under any special law S. 3) Transferee should also not be qualified under special law S. 7 4) Legal formalities required by law should be fulfilled S. 9 5) Consideration and object of transfer should not be contrary to law or public policy S. 6(h) (A person’s conduct in collecting rents and managing an estate of the landlord does not empower him to transfer the land as the landlord’s agent; Balai Chandra Mondal v. Indurekha Devi, AIR 1973 SC 7 82. ) ____________________________________________________________________ How to cite Transfer of Property, Essay examples

Enterprise Systems Practice United Parcel Servicesâ€Free Samples

Question: Describe about the Enterprise Systems in Practice for United Parcel Services. Answer: Introduction The report depicts the importance of development of ERP solution or integrated system to improve a business organization. This particular report discusses the adaptation of ERP in united Parcel services (UPS). When an organization become larger and complex structure based that time, functional silos are evolved to resolve the issues. Companies should serve separate or distributive duties to deliver perfect activities in perfect locations. The strategic management system, human resource management, finance and marketing systems are also developed due to the implementation of this appropriate integrated system. The report also depicts the users experiences along with the benefits and challenges faced by UPS. Section 1: System Integration Overview System integration is referred to a cohesive process that is created by collecting different components. This report depicts the system integration in terms related to the ERP management and most of the components are equally applicable in different IT industries (U Mass Emigh 2006). The key steps required to implement an Integrated System Strategic planning for commercial benefit Review of the process Software capabilities Manual process identification Operating process development Requirement gathering Training and testing phase Execution in real life practices Figure1: Key steps for implementing an Integrated System (Source: Pollock Hyysalo 2014, pp-480) Role plays by ERP System and Senior Management of an organization In order to mitigate the organizational challenges, the senior management always took the initiatives and these problems can be resolved by implementing ERP solution. Due to usage of these technological advances shipping oriented business strategies can be developed by an organization. The roles are as follows: It helps to eliminate the repetitive processes and also reduces the manual information entry processes (Pollock Hyysalo 2014). It increases the efficiency of the entire system and proper management of distributive data. The customized solution serves faster and reliable consumer services in terms of data accuracy and data security. The entire system can be controlled and monitored by the senior management team. Section 2: System Integration Challenges Through the case study analysis, it is to be noted that United Parcel service (UPS) has faced several challenges during the integration of ERP system within their operational processes such as data management, security, flexible consumer services etc. Explanation of typical challenges of System Integration Due to lack of usage of technical advances and data management business organizations faces major challenge. Incorrect entry of data in the database system and data redundancy or data duplicity in the traditional storage reduces the memory or the storage of the system. In order to make a fully functional ERP system, is takes around 1-3 years. Along with the business process, very small customization might not integrate the entire system. The typical challenges of System Integration faced by the UPS If the services served to wrong addresses, wrong parcel might be delivered to the consumers, loading of the parcel boxes in incorrect trucks are the major challenges that enhance the cost and hampers the entire time management system also (Bernroider 2013). In most of the cases the shipping products are found to be very similar therefore, picking of wrong product was another challenge to UPS (U Mass Emigh 2006). Lack of action planning and due to lack of experienced experts, during implementation of the integrated system improper usages of the technologies in appropriate place are taking place, which was referred to as major commercial pitfall. The traditional system was time and cost consuming. The technical culture of UPS was embarrassing from the business perspectives (Melville Whisnant 2012). They were challenged by the demands that the consumers used to make in terms of buying, selling ad research on commercial benefits. Missing of a bridge to establish a connection between the products and the service to retrieve the data stored in the data storage. Section 3: System Integration Benefits at UPS UPS achieved different beneficial context while framing a correct integrated system. On the other hand, after implementing the integrated system the consumers of UPS were also benefited for the services. Typical benefits of System Integration The integrated system provides internet based integrated technology to drive global success in future (Choi, Chow Liu 2013). It gave excellent IT infrastructure and expertise transportation system (Melville Whisnant 2012). The provided real time connectivity and integrated information on a single platform. Best practices for Systems Integration that drive success story UPS One or two large data centers are created in terms of centralized data management system. The ERP solution increases the HR functionalities and financial management. The logistic network management system gave well defined technological standard (U Mass Emigh 2006). Gave cultural and open communication advances (Ahmad Cuenca 2013). Analysis of Consumer Benefits from The Integrated System at UPS The consumers can frequently keep in touch to the service providers. The products and services become affordable and reduced the processing time as well. Consumers were able to track the online process. Consumes will be able to contact frequently along with the service providers. According to the changing demands, the users can request for their desired products whenever needed (Melville Whisnant 2012). For web, based applications all the users can also share their experiences with each other on the comment section or feedback section. Based on the comments rather users experiences, others can make their requests. The entire process will be monitored well by the managerial department of the company (Pollock Hyysalo 2014). If the system needs to get more developed then other technology based advances can also be added to the existing system in terms of business strategic management and proper decision making approaches. Conclusion Form the overall discussion it can be concluded that, in order to mitigate the challenges faced by UPS, they introduced a system integration in terms of ERP solution, that provided real time communication bridge between the service provider and the consumers. The new technologies of UPS IT infrastructure offer new software as package flow 12 loaded on the delivery truck and also contributed different technical ideas to the consumers also. Finally, it can be stated that the report has illustrated that UPS is a successful integrated model for different industries. IT infrastructure and expert team is hired for shipping rather overall transportation system in United Parcel services. References Ahmad, M.M Cuenca, R.P 2013. Critical success factors for ERP implementation in SMEs.Robotics and Computer-Integrated Manufacturing,29(3), pp.104-111. Bernroider, E.W 2013. Effective ERP adoption processes: the role of project activators and resource investments.European Journal of Information Systems,22(2), pp.235-250. Choi, T.M Chow, P.S Liu, S.C 2013. Implementation of fashion ERP systems in China: Case study of a fashion brand, review and future challenges.International Journal of Production Economics,146(1), pp.70-81. Melville, N Whisnant, R 2012. Environmental sustainability 2.0: empirical analysis of environmental ERP implementation.Available at SSRN. Nwankpa, J Roumani, Y 2014. Understanding the link between organizational learning capability and ERP system usage: An empirical examination.Computers in Human Behavior,33, pp.224-234. Pollock, N Hyysalo, S 2014. The Business of Being a User: The Role of the Reference Actor in Shaping Packaged Enterprise System Acquisition and Development.Mis Quarterly,38(2), pp.473-496. Ram, J, Wu, M.L Tagg, R 2014. Competitive advantage from ERP projects: Examining the role of key implementation drivers.International Journal of Project Management,32(4), pp.663-675. U Mass, L Emigh, J 2006. Real Word Case, System Integration at UPS crop.Adapted from Aimee Desrosiers, Case study Report, UPS Bolsters Online Shipment Tracking, Ziff Davis Internt and UPS Sutliff: Communication key to alignment, CIO insight

Drama Costume & Makeup Assignment Essays - Theatre, Entertainment

Drama: Costume & Makeup Assignment Discuss the costumes and makeup in the movie you watched. Did the costuming and makeup match or clash with the place and time of the story? Was costuming and makeup a major part of the story or just secondary? How did the costuming differ for different characters? Did the color and style of the costume reflect the character's personality in any way? The costumes and makeup were very well done in this movie, the costume designer even received an Academy Award nomination! They fit the setting very well and I think they had a lot to do with the story and characters. In the beginning Kate always looked like a queen (in dress, not so much the hair) but she often behaved like a maniac however when she began to mellow, she dressed more casually which was interesting. Throughout most of the film, she just about always wore green I think because green is the opposite of red and red would indicate love. She really disliked Petrucchio (and everyone) in the beginning but by the end she grows fond of him and that shows when she wears the red gown. I noticed that Petruchio, on the other hand, almost always wears red. I think it's to represent the determination that he has to marry Kate and then to "tame" her. He also wears very elaborate clothing which accurately reflects his very over the top attitude and personality.

Dealing With Homesickness at Boarding School

Dealing With Homesickness at Boarding School Any parent who has seen their child go off to boarding school, or even college, has likely experienced that dreaded phone call home. I miss you. I want to come home. Homesickness is a natural, albeit challenging, reaction to being away from home for the first time. Unfortunately, there are no quick cures for homesickness, a feeling all of us encounter at some point or another. If your child is going off to boarding school, homesickness is bound to be something he or she has to deal with too. Going off to boarding school is what the professionals call a planned separation. Reassure your child by explaining that those feelings of missing familiar surroundings and family are perfectly normal. Tell them about the times when you felt homesick and how you dealt with it. Need more advice? Check out these four tips. Dont Allow Your Child to Call You Constantly This is a tough thing for a parent to do. But you have to firmly lay down the ground rules for calling you. You also need to resist the temptation to call and check in on your child every hour. Establish a regular time for a 15-minute chat and stick to it. The school will have rules about when and where students can use cell phones. Encourage Your Child to Make New Friends Your childs advisor and dorm master will help them meet older students who will take them under their wings, helping them to quickly make lots of new friends; if you give him or her some room to do so. Remember, the school has dealt with homesick children for years. It will have a plan in place to keep your child so busy that he or she probably wont have time to be homesick, especially in the first few days or weeks. Sports, all sorts of clubs and plenty of homework fill up most days. Dorm mates will soon become fast friends and it wont be long before you call at the appointed time and are told that he or she only has a minute before the swim club meets. Dont Be a Helicopter Parent Of course, you are there for your child, but he or she needs to learn quickly that it is necessary to adjust and cope. Thats what life is about. Your child has to make decisions and abide by the consequences of those decisions. He or she has to make choices independently and not rely on you, the parent, to provide guidance constantly. Your child will never develop good judgment if you make all the choices and decide everything for him or her. Resist the temptation to be an over-protective parent. The school will act as a parent and protect your child while in their care. That is their contractual responsibility. Understand That It Takes Time to Adjust Your child has to learn new daily routines and allow his or her biorhythms to adapt to the new, somewhat inflexible schedule of boarding school. Habits often take a month to develop and become second nature, so be patient and remind your child to stick with whatever challenges are arising. It will get better. Homesickness is typically a temporary phenomenon. It passes within a few days. If, however, it does not pass and your child is extremely unhappy to the point of despair, dont ignore it. Speak with the school and find out what they feel can be done.   Incidentally, this is one more reason why it is so important for you and your child to get the fit right. If a student is happy in his or her new surroundings, the feelings of homesickness will pass very quickly.

MBA Essays Essay Example | Topics and Well Written Essays - 2000 words

MBA Essays - Essay Example I proposed a plan to Greenline, an environmental NGO that I deal with awareness campaigns. The plan was to clean the sandy beach using shovels and placing sponges to prevent oil in the sea from returning onto the sand. I coordinated with Greenline’s VP to secure the sponges and shovels, and contacted the Red Cross and schools’ community service groups to help. With more than 50 volunteers, we were able to clean 5 km of Beirut shoreline. As the news spread, more people joined arms, cleaning additional 15 km of shoreline. â€Å"You will not inherit anything, only education.† This was my father’s often-repeated phrase. My siblings and I faced limited prospects due to our family’s financial situation and even dimmer prospects while in countries like Lebanon. The only way forward was through a top-notch education, which I had benefited from via a merit scholarship. I wanted to maximize my siblings’ chances of following my path. My youngest sister, Rula, had demonstrated high academic potential although the best education available at the American University of Beirut was beyond my parent’s financial capabilities. My sister however succeeded in her admission and I decided to finance her education. The decision meant many things at a personal level; it meant selling my car, and reducing the outings and other expenditures that are appropriate for man in his mid-twenties. Career wise, it meant taking up overtime and delaying my postgraduate plans for a year. Rula’s motivation and hard work paid off. She is soon to graduate from AUB before joining a private equity firm in Qatar. I know her life and surroundings will be changed for the better and I hope in some ways that I passed our father’s legacy to her. I was hired amongst a team of four by Etisalat, the national telecom operator in the United Arab Emirates, to propose the next generation Information, Communication, & Technology (ICT) policy

Assessment for Learning Essay Example | Topics and Well Written Essays - 2000 words

Assessment for Learning - Essay Example This essay will talk about the student-centred assessment process on vocational teaching and learning process. MCAST is offering a chance to several individuals to acquire effective knowledge and skills in order to make themselves more employable through the lifelong education and assessment process (MCAST, 2010, p.1). This study will discuss the student-centred assessment approach to MCAST Art & Design Institute’s Media Studies subject. In student-centred learning process, the students play an important part in the learning evaluation. In this process, the students can decide the demonstration of their learning process. The students should develop an assessment that supports motivation and learning which can be thought of to be an important criterion of student-centred approaches. Media studies generally deals with the history, effects and contents of several media. Media studies deal with traditions from the humanities and social sciences. Communication science, mass communi cation, communication studies and communication are the important ingredients of the media studies. MCAST Art & design institute incorporated these subject matters in Media studies. MCAST conducts assessments in the international and national context of higher education. The major aim of student-centred assessment strategy in MCAST is to develop skills, knowledge and competencies. The program learning outcomes are very much practical. These outcomes are focused to help the students to develop their skills, competencies and knowledge. This program has several clear and transparent program assessment strategies like assessment plans. The learning assessment strategies are very much student focused. Both the program teams and program board work together to develop the skills, competencies and knowledge of the students. In this process students are supported and encouraged to become significant independent learners. E-learning facility and advanced technology are implemented to assist t he students to achieve the learning outcomes. It is important that the teachers should help their students to make a positive approach to the subject matter. Student centred assessment strategy is important in the vocational institutions as it helps the students to provide the practical knowledge. It is important for the students to gain practical knowledge in the media studies. The institution focused on providing effective practical guide to the students. It is important to apply Student-centred assessment approach in media studies. It will help to fulfil the special needs of students. This educational approach of students has several propositions for the designing of the course content, curriculum, assessment of courses and evaluation process. Question 2 Formative, summative and portfolio assessment methods are three major assessment methods. Formative assessment takes place throughout the learning program. In MCAST, the learner is assessed and provided feedback during the learni ng process. It is known as the formative assessment. On the other hand, summative assignment helps to assess the students at predetermined points at the end of the learning process. Portfolio assessment can be described as the collection of activities that are linked with concepts which are required for the students to learn. Validity of an assessment method is the specific extent that helps to measure the suitability of the interpretation of outcomes. It is a matter of degree. There are four types of validity, such as content

Justification of a Business Plan for Hotel

Justification of a Business Plan for Hotel The Justification of a Business Plan for Rebeccas Hotel Introduction The significance of business plans in all types and sizes of business organizations can never be threaten. The entrepreneurial inquiry puts the entrepreneurs in situations that require judgment. Hence, the need and identification of an approach to address these situations arise (Foss, Foss Klein, 2006, p. 4-5). Such as the justification for business plans as one of the approaches to address business problems, particularly in the event of uncertainties. The use of a business plan is one such approach as it is defined as a formal declaration of what the business wants to achieve. During uncertainties entrepreneurs should find tools to manage them (Sull, 2004, par. 2). Guinipero, Denslow, and Melton (2008) indicated that high propensity risks increase the formality of business plans. A business plan allows the anticipation of risks and improbabilities. A carefully formulated business plan should be able to communicate to stakeholders about the intended direction of the company. Through this, stakeholders should be guided with an understanding of the business situation and subsequently enable them to execute appropriate actions (Honig and Karlson, 2004, p. 30-35). To protect their interests in the business, stakeholders can be guaranteed with action in expectation of favourable business outcomes. The justification for a business plan appears to raise the significance for business successions as they posture challenges. The transition of managerial control frequently simply do not work out (Dalpiaz, Tracey Phillips, 2014, p. 3). Since this paper is based on the succession of a family business, the case study about Rebeccas family business provides insight into the important of business plans even for a small family-run hotel. This paper shall explain the importance of a business plan for Rebeccas case and consequently convince her to undertake the preparation of a business plan. Her case shall be interpret considering the mitigating factors as to why the business plan is necessary. The mitigating factors The retirement of Rebeccas parents had generally prompt the need for a business plan. Nonetheless, the presenting scenario also questions its practicality as their business is started out by her parents, has possibly overcome various business challenges, and is still currently operating, all without a business plan. The need for a business plan is followed by these conditions. Beyond these circumstances, Rebeccas succession to manage the business also presents potential threats. Though Rebeccas work as a kitchen assistant and junior cook despite having those knowledge is useful for the business since the hotel includes a restaurant, but the operation and management of a bar and hotel would require competencies which may not be sufficiently provided by her short time because she went backpacking travel in South-East Asia. Additionally, a three-year backpack travel exposure may not be suitable for Rebecca to develop an understanding of the tourism industry in their locale since the act ivities and opportunities presented in the different locations can be varied. It is important to note the difference in the tourism needs and activities of a travel destination such as the marina compared to the tourism locale Rebecca visited in her three-year adventure. On the other hand, as part of the family, she could have obtained insight into the business operations and her parents management style and business practices. Nevertheless, family-run organizations encounter unique problems due to its inherent nature (Peters Buhalis, 2004; Agyapong Boamah, 2013). Supporting literature shall clarify this in the next section. Even though Kerstin is not a part of this family but because of her relations with Rebecca and also because of her competencies and training, she can be possibly consulted about these consequences. Though small businesses are less likely to hire specialists than large corporations (Wu, Bacon, Hoque, 2014, p. 7), by moral of Rebeccas relationship to her, Kirstens expertise might be confess or at least consulted. It is, however, uncertain that her international exposure at work and the level of training would be suitable for a small family-run hotel. The nature of family-run businesses Family businesses rely on paternalism (Peters Buhalis, 2004, p. 537). Successors operate under the path of their parents especially when the founders are still around. Successors may attempt to introduce new systems and approach which may run contradicting to the family tradition when running the business. But the predecessor may not be able to let go or to completely allow the decision making processes and the management of the enterprise under the new relative-manager. The vision and goals of this relative may be inconsistent with how the parents perceive the business. Likewise, Agyapong and Boamah (2013, p. 533) described family-based relatedness in their study, which appears to produce these problems. The dynamics of family relationships may get in the way of business operations. There may be a cause of separation of the family concerns and business matters, conflicts or inefficiency may be occurred in the business. Family-run businesses are also usually characterized by informal business practices. As a result, these enterprises lack planning or the use of a systematic approach to manage the business especially when problematic activity occur. In the family businesses they commonly use improvisation by the family members (Peters Buhalis, 2004, p. 5), which lead to inconsistencies. There are no product or service standardizations or appropriate consistent controls. The informality of the practice arises from the dynamics of the family relationship. This situation is further entangled by another informal business practice which is inaccurate financial recording that results in financial losses (Peters Buhalis, 2004, p. 6). Family members also make their decisions that tend to be irrational since there appears a lack of information to guide them. In addition, misjudgement of performance indicators also occur and consequently affect the quality of future business decisions. This information could be made consistent, reliable, and more permanent when a proper business plan is created. Succession in family businesses Succession in family businesses is considered an interesting area of research. Studies focus on examining the change which aid or hinder the transfer of power to the succeeding generation, family relationships, and the process (Dalpiaz, Tracey Phillips, 2014, p. 6). A more outstanding evaluation from the studies is the causation approach which indicates that family businesses evolve linearly. In a statistical perspective, the continuity of the family business is related to certain variables which indicate the future state of the business. In the causation approach, a set of goals is identified as one of the factors in which family businesses are described to be established on. However, the goals are recognised to lack systematic process due to the informal nature of family enterprises. Nevertheless, planning, among the other components such as intentionality and resource acquisition, are essential foundations of this approach. Therefore, the continuity of the family business relies on the continuity of establishing plans. However, this time for Rebecca, a conscious formulation and systematic approach for business planning must be used. A few studies shows the reasons why business plans become critically important for family-operated businesses. The studies of Peters and Buhalis (2004) and Agyapong and Boamah (2013) provide important insights into these types of business ownership, particularly in the hotel industry. Both types of research emphasize the need for competitiveness in the industry. Peters and Buhalis (2004) claimed that the competitiveness of destinations is characterized by the domination of small businesses in the tourism and hospitality industry, as such in the case of Austria, the studys research locale. The operations of 240 small family businesses in Austrias tourism destination industry were part of the study in 2003. Research findings suggested that training is an essential element to run family businesses. In addition, a key component of this training includes the development of plans, strategies and the development of conceptualisation of new products or services among other important areas of running the family hotel business. These specific areas are being pick to emphasize the important role of business plans in the small enterprise. This research further indicate the need to develop strategic plans, both as a competitive strategy and advantage for the small family hotels. Growth and future sustainability are indicated to be the likely outcomes when strategic plans are created and then implemented. Meanwhile, Agyapong and Boamah (2013) conduct in their research the effects of business strategies and leadership in family businesses. Family hotel businesses in Ghana were the focus of this study, covering 50 small hotels in the country. The vital findings relevant to this paper is that the use of strategies, which may be provided by business plans, offer the family business the ability to predict problems, to vision the future, and to maintain flexibility. The business environment in Ghana was described to be highly competitive, and thus, the need for well-thought of strategies enable good business performance to survive in a competitive market situation. Furthermore, the unique characteristics of family businesses can be apply in implementing particular business conditions such as cost leadership and differentiation strategies (Agyapong Boamah, 2013, p. 537). In the case of Ghanas family hotel businesses, competitive strategies were purposeful to provide the assertion of survival of the 50 small hotels. Hence, the advantage of the business plan is to help the family business to be competitive in its formation. Another advantage implied in the studies is that the business plan could help support the inherent characteristics of small family businesses. Considering the scope of these two studies and similar competitive situations, those research indicate a broad-applicable situation for small family-run hotels. Alternative studies illustrate the importance of business plans for entrepreneurs in general. Brinckmann, Grichnik and Kapsa (2010, p. 24) cleverly stated in the title of their study Should entrepreneurs plan or just storm the castle? the quote of whether to create a business plan or not. This analysis study specified that planning is beneficial, although that factors such as culture and the newness of the enterprise affect the planning-performance relationship. Relevant to this, the newness of the enterprise may not be a concern for Rebeccas case, since the business has existed during her parents time. Culture appears to be a critical factor as to refer to the norms, values, and relationships within the family. Since this is identified to affect the planning-performance relationship, the guarantee of success for Rebeccas family business is yet to be determined. Besides, another research, Zahrani, Nikmaram and Latifi (2014, p.245) specified the need for developing a strategic plan, which is especially useful for succession planning. It is important for the successor to have the right outlook about the business plans. Furthermore, according to Aronoff and Ward (2014, p. 2), shared opinion help conquer conflicts within the family organizations. It is believed that since visions are reflections of values, shared visions should also result in more unify outcomes for a family business. Visions and values can be clarify when they are justify out rather than assumed. Identifying and specifying them in a business plan should help in making decisions which link to the family expectations. Conclusion Successions in family-run businesses present potential problems. This is further complicated by the inherent features of family-operated enterprises since they lack planning and is characterized by informality which results in inconsistencies, conflict, and lack of control. Research has provided evidence based on the need to develop strategic plans to ensure the future performance of the business. The planning-performance link support needs for business plans as a family-oriented business culture is identified a plausible barrier to the business success. Business plans offer the business successor a means of continuing the business with the appropriate business outlook one that reflects family vision and values. Furthermore, business plans provide a means for avoiding the consequences arising from the inherited nature of family-run enterprises. Studies specific to the hotel industry have also identified that competitive market environments can be survived by developing strategic pla ns. Presented with the benefits of developing strategies and the analysis of Rebeccas situation, Rebecca should be convinced that a means for her successful succession of the family-run hotel is through the development of a business plan. References Agyapong, A. and Boamah, R. (2013). Business strategies and competitive advantage of family hotel businesses in Ghana: The role of strategic leadership. The Journal of Applied Business Research. Volume 29. Number 2. Accessed at: cluteinstitute.com. (Accessed 15 March 2017). Aronoff, C. and Ward, J. (2016). Family business values: How to assure a legacy of continuity and success. New York: Palgrave and MacMillan. Dalpiaz, E., Tracey, P. and Phillips, N. (2014). Succession narratives in family business: The case of Alessi. Entrepreneurship Theory and Practice. Accessed at: https://www.repository.cam.ac.uk/bitstream/handle/1810/245758/ETP%20Revision%20Final.pdf?sequence=1isAllowed=y. (Accessed 14 March 2017). Foss, Foss, and Klein, (2006). Original and derived judgment: An entrepreneurial theory of economic organization. Organization Studies. Accessed at: https://brage.bibsys.no/xmlui/bitstream/handle/11250/164282/soldp200601.pdf?sequence=1isAllowed=y. (Accessed 15 March 2017). Guinipero, L., Denslow, D., and Melton, H. (2008). Risk propensity, risk perception and business plan formalization: a conceptual investigation. International Journal of Entrepreneurship and Innovation Management. Volume 8. Issue 4. Accessed at: http://www.inderscienceonline.com/doi/pdf/10.1504/IJEIM.2008.022312. (Accessed 16 March 2017). Honig, B. and Karlson, T. (2004). Institutional forces and the written business plan. Journal of Management. Vol. 30. Issue 1. 29 48. Accessed at: https://www.researchgate.net/profile/Benson_Honig/publication/228264253_Institutional_Forces_and_the_Written_Business_Plan/links/54ae9e6a0cf21670b35862b8.pdf. (Accessed 17 March 2017). Peters, M. and Buhalis, D. (2004). Family hotel businesses: Strategic planning and the need for education and training. Department of Strategy and Tourism Management. Center for Tourism and Service Economics. University of Innsbruck. Accessed at: http://epubs.surrey.ac.uk/1109/1/fulltext.pdf. (Accessed 14 March 2017). Sull, (2004). Disciplined entrepreneurship. MIT Sloan Management Review. Accessed at http://sloanreview.mit.edu/article/disciplined-entrepreneurship/. (Accessed 15 March 2017). Wu, N., Bacon, N. and Hoque, K. (2014). The adoption of high performance work practices in small businesses: the influence of markets, business characteristics and HR expertise. The International Journal of Human Resource Management. Accessed at: http://irep.ntu.ac.uk/id/eprint/26446/1/3876_Wu.pdf. (Accessed 16 March 2017). Zahrani, M. Nikmaram, S. and Latifi, M. (2014). Impact of family business characteristics on succession planning: A case study in Tehran industrial towns. Iranian Journal of Management Studies. Vol. 7. No. 2. 243- 257. Accessed at: https://ijms.ut.ac.ir/article_36616_8ced89c13f3bb574ef88de90a9581858.pdf. (Accessed 14 March 2017).