...A GEM of a Study Abstract: The Global Entrepreneurship Monitor Entrepreneurial Assessment, a joint project of The Kauffman Center for Entrepreneurial Leadership at Babson College (now Arthur M. Blank Center for Entrepreneurship) and The London Business School, has undertaken a long-term, large-scale project to prove the causal links between a government's economic policies and initiatives, the resulting entrepreneurial activity and subsequent economic growth. This case describes multiple-stage research, including thousands of interviews in several countries by established research firms. URLs: www.london.edu www3.babson.edu/eship/aboutblank/ How/When to Use This case deals with the concept of causal studies vs. descriptive studies and what needs to be included in the research design of each study type. It also deals with what constitutes control in research design; in this context it is best used with chapters 6-9. This is also a great case to use to discuss constructs vs. concepts (Chapter 3), as Exhibit C-GEM-1.1 clearly has struggled with defining numerous constructs and multiple-measurement variables and, therefore, could be used to further explore text Exhibit 3-1. The case also mentions the use of standardized data; in this context you could use the case to explore how "standardized" data from different countries really is and where the student seeks such country-specific data. Discussion Questions: 1. What are the independent and dependent variables in this...
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...Cold Equations Everybody must deal with "Cold Equations" in his or her life. Whether it is death, heartbreak, having to go to school, crime, violence, family, all of us must come to grips with things we can't change. The author from this novel "Cold Equations" is trying to teach us that nature is unforgiving and no one can avoid it. Death is a cruel part of law of nature, it can take away someone's life and won't care about it. Everybody has to deal with the laws of nature, sometime in their life, we just have to deal with it and hope everything goes good. The laws of nature is always in a person's life, everybody copes with the inevitable and has to deal with their problems and the things we can't change. Everyone should enjoy their life to the fullest and don’t take any moment of your life for granted, because laws of nature could simply take everything away. The space frontier is desolate and must abide by the strict, cruel laws of nature. “The laws were, and the universe moved in obedience to them.” This is showing that the laws of nature have no morals; they are how they are and no one can change it. We should tell people how we feel about them when we can. We shouldn’t ignore the little things that we have done and we should tell people we love them, thank them, and say sorry for what we did to hurt them while we still have time. Accidents can happen out of nowhere and take the chances away to tell people how you feel about them. In the "Cold equations" Marilyn was an...
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...Considering the recent attack it is imperative for Gem Infosys to have a plan in place for incident-response / operational readiness in the event of an info security breach. This policy is to coincide with our current group and policies and procedures while expanding on how Gem Infosys will develop an incident-response team (interchangeably IRT), disaster recovery process (interchangeably DRP)and business-continuity plan (interchangeably BCP). The goal is for this to be considered a blueprint / foundation in the event Gem Infosys must deploy resources out in the event of an incident and even more importantly the steps and procedures so that down time is at a near zero time during such security risk. Even though “It takes the enterprise some time to assess the exact effects of the disaster” (Disaster Recovery: Best Practices, 2008). Gem Infosys’ is a small software company with a smaller computing environment currently consist of 10 pc’s, and 6 servers that range from file servers, web servers, and AD servers. At present there is a firewall protecting the network but from running an analysis of response time after the recent attack it took responders 6 hours to realize the breach, 24 hours to determine all the components that have been breached and an additional 24 hours to resolve the issue. This length of response time resulted in Gem Infosys networks being down for 48 complete hours (2 business days). This downtime resulted in great corporate loss and was quite costly...
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...Gems and Jewellery Last Updated: December 2010 Gems and jewellery form an integral part of Indian tradition. A legacy passed from one generation to another. The components of jewellery include not only traditional gold but also diamond, platinum accompanied by a variety of precious and semi-precious stones. The Indian gems and jewellery sector is expected to grow at a CAGR of around 13 per cent during 2011 – 2013, on the back of increasing government efforts and incentives coupled with private sector initiatives, according to a report ‘Indian Gems and Jewellery Market Forecast to 2013’, by RNCOS. As per the credit rating agency Crisil, the diamond industry in India is predicted to remain stable during 2010-11 due to improved prices and steady demand. Gems and jewellery exports from India is expected to grow by 30-35 per cent in 2010-11, according to the Gem and Jewellery Export Promotion Council (GJEPC), on the back of revival in demand in the international markets. Industry Structure Although, the market is highly dominated by the unorganised players, with increase in consumer income and economic prosperity, the future of organised retail in India is very bright. In its bid to enhance the market strategy, a gems and jewellery special economic zone (SEZ) sprawling over 40 acres with an investment of US$ 441.1 million is being planned to be set up by Gold Souk, the jewellery mall developer. The company plans to have residential apartments named Gold Souk...
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... Entrepreneurship Research Association Sander Wennekers, EIM Business & Policy Research José Ernesto Amorós, Universidad del Desarrollo Founding and Sponsoring Institutions: Babson College, Babson Park, MA, United States Lead Sponsoring Institution and Founding Institution Universidad del Desarrollo, Santiago, Chile Sponsoring Institution UniversitiTun Abdul Razak, Malaysia Sponsoring Institution London Business School, London, United Kingdom Founding Institution Although GEM data were used in the preparation of this report, their interpretation and use are the sole responsibility of the authors. The authors would like to thank Erkko Autio, Alicia Coduras, Jolanda Hessels, Donna Kelley, Miguel Meuleman, Jeff Seaman, Rolf Sternberg and Peter van der Zwan for providing comments on earlier drafts and/or their crucial role in the data collection procedures. Special thanks go to Jonathan...
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...1. “In light of the entire transaction as it was outlined to them by Wisconsin, did First Midwestern provide the correct advice to their customer on how to structure the transactions? Did they appear to be fully diligent?” First Midwestern was a well-known bank and has a good relationship with Wisconsin for several years. In my opinion the bank did not provide the correct advice to Wisconsin in structuring and financing the transaction. One of the main reason was, because Wisconsin did not advised their bank with all the details and negotiations happened between them and Vietnamese buyers. The management of Wisconsin had deal with Saigon jewels, (buyers) that they will buy back the finished polished stones and jewelry from Saigon over the period of three years at fixed price. Firstly, Midwestern did not do their due diligence on Wisconsin as well as on Saigon. They proposed certain recommendations to Wisconsin on how to structure the transaction. First they advised Wisconsin to get the irrevocable letter of credit from Saigon’s bank with the conformation add to it. And the total amount ($3 million) to be paid in three installments, first at the sight and remaining two in the term of 12 months. Secondly, they advise the letter of credit for three drafts to be drawn on the seller’s bank and to be accepted by issuing bank after shipments and presentation of all documents specified in LOC. And the first draft was to be payable three months after the shipment, second and third...
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...>cases A GEM of a Study >Abstract The Global Entrepreneurship Monitor Entrepreneurial Assessment, a joint project of The Kauffman Center for Entrepreneurial Leadership at Babson College and The London Business School, has undertaken a long-term, large-scale project to prove the causal links between a government’s economic policies and initiatives, the resulting entrepreneurial activity and subsequent economic growth. This case describes multiplestage research, including thousands of interviews in several countries by established research firms. >The Scenario What government policies and initiatives are most likely to generate high levels of entrepreneurial activity? Which are positively correlated with the economic well-being of a country as measured by growth in GDP and job formation? Project directors of the Global Entrepreneurship Monitor (GEM), who define entrepreneurship as “Any attempt at new business or new venture creation, such as self-employment, a new business organization, or the expansion of an existing business, by an individual, a team of individuals, or an established business,” suggest the following: • Promoting entrepreneurship, especially outside the most active age group (25-44), with specific programs that support entrepreneurial activity. • Facilitating the availability of resources to women to participate in the entrepreneurial process. • Committing to long-term, substantial postsecondary education, including training programs designed to develop...
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...underlying logic behind the global product idea? What are the costs and the benefits that are expected? Answer- Global Electric Medical Systems (GEMS) had built a global presence on the backs of the Global Product Company (GPC) concept .This philosophy concentrated on manufacturing and then carry out activities anywhere in the world, where it could be carried out to GE’s Standards and cost effectively without compromising on quality. Medical equipment are globally standardized product which don’t require to be tweaked or adapted to local market needs. GEMS in terms of Adaptation, had invested heavily in country-based sales and marketing by providing equipment and services such has training and consulting advisory tailored to country specific needs. GEMS had overtaken its competitors through Arbitrage; The GPC led to building of Centers of Excellence (COE). From these COEs 60-96% of the products were shipped to other locations. COE were strategically located at developing economies which shipped its developed products to different countries (First world countries) which saved costs and time, thus maintaining its market leadership and addressing the demands for affordable equipment’s globally. Medical Equipment industry has proven that Aggregation has one of the key factors for this type of industry over the past few years. GEMS had also addressed aggregation related challenge through GPC concept and managed to remain profitable and market leaders. 1. Economies of...
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...JUZ JEMS -JUZ 7 Surah Mai’dah 83- Surah Al-Anam 110 We left off yesterday with Allah extensively discussing the other people of the scriptures particulary the Jews and the Chistians, and what they did to what they were revealed as well as their mistakes. As we move onto this juz, Allah is discuss how the Christians will be closer to us and nearer to us than the Jews and Allah explains how its because amongst them are certain priests and monks that aren’t arrogant. And because they are not arrogant, when they see the truth, they recognize it and believe in it. SubhanAllah look how Allah links arrogance with disbelief- how the reason why they are able to see the truth is because they are not arrogant. Arrogance is such a disease, believing the that you’re everything, “you”, “you” and more “you” is a disaster that Allah links to disbelief. The rest of this surah parimarily deals with laws for the Muslims. So previous people of scripture are discussed, now Allah focuses on us and gives us rules regarding oaths, Allah explains to us how intoxicants and gambling are works of shaitan which avert us the remembrance of Allah, Allah speaks more about what is lawful in terms of food, and hunting and game, and about testimonies. And what is really interesting how Allah several times repeats that “There is not upon those who believe and do righteousness [any] blame concerning what they have eaten [in the past] if they [now] fear Allah and believe and do righteous deeds, and then fear Allah...
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...content is not to be construed in any manner whatsoever as a substitute for professional advice. IMaCS and NSDC neither recommend nor endorse any specific products or services that may have been mentioned in this report and nor do they assume any liability or responsibility for the outcome of decisions taken as a result of any reliance placed in this report. Neither IMaCS nor NSDC shall be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to any reliance placed or guidance taken from any portion of this report. Human Resource and Skill Requirements in the Gems and Jewellery Industry Study on mapping of human resource skill gaps in India till 2022 Human Resource and Skill Requirements in the Gems and Jewellery Industry Table of Contents 1. Environment Scanning and Competitiveness of the Gems and Jewellery sector...
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...1. Analyze overall challenges of GEMS in 2002 a. Technological change: + Genomics and healthcare information technology such as Digital Imaging, Electronic Patient Records and Disease Management Systems make personalized medicine and personalized diagnostics possible. Moreover, healthcare practice move from cure to prevention. These changes require expertise in biomedical sciences rather than in engineering and physics; and also investment, collaboration with pharmaceutical companies which facilitate the creation of imaging equipment necessity to alter GEMS business model which is away from engineering heritage toward bio-chemistry and develop drug based on genetic code for specific individual, or small group rather than entire population. b. Demographic change: + Population were aging in advanced nation, implied fewer working-age people to pay for more intense care while the emerging middle-classes if Asia, Eastern Europe and Latin America were increasingly aware of, and needed, better healthcare. This requires the shift in distribution of healthcare equipment in these countries (more for Asia, Eastern and Latin America) and the change in market segment of healthcare equipment. + Global information flows made healthcare disparities between developed and developing nations more stark and unacceptable. Thus, concentrating more on developing world needs great effort investment and customization. c. Fierce competition: + Siemens is leading in healthcare IT, which is a...
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...>cases A GEM of a Study >Abstract In periods of economic downturn, government leaders try to stimulate entrepreneurship activity. Project directors of the Global Entrepreneurship Monitor, partnered with the Kauffman Center for Entrepreneurial Leadership of Ewing Marion Kauffman Foundation, the London School of Business and Babson College,designed a research study to add insight to what activities would be most likely to stimulate entreprenship activities. >The Scenario What government policies and initiatives are most likely to generate high levels of entrepreneurial activity? Which are positively correlated with the economic well-being of a country as measured by growth in GDP and job formation? Project directors of the Global Entrepreneurship Monitor (GEM), who define entrepreneurship as “any attempt at new business or new venture creation, such as self-employment, a new business organization, or the expansion of an existing business, by an individual, a team of individuals, or an established business,” suggest the following: • • • • • • Promoting entrepreneurship, especially outside the most active age group (25– 44), with specific programs that support entrepreneurial activity. Facilitating the availability of resources to women to participate in the entrepreneurial process. Committing to long-term, substantial postsecondary education, including training programs designed to develop skills required to start a business. Emphasis on developing an individual’s capacity...
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... activities – wherever in the world it could be carried out to GE’s exacting standards most cost effectively”. This was specifically done by the use of centres of excellence (COE). Each product of the General Electric Medical Systems (GEMS) portfolio was manufactured in one to two centres of excellence. From there the products were shipped all over the world. The case states that 60% to 96% of products made in a centre of excellence were eventually sold in a different part of the world. At this point, with regard to the manufacturing strategy we think it is important to mention that GEMS only manufactured the most decisive parts of their products themselves, the...
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...I would like to participate in GEMS because GEMS offers a wide variety of activities in the STEM field. These activities not only enhance my level of knowledge in the fields of mathematics, science, technology and engineering, it also allows for me to be more deeply intrigued in the fields of STEM. In the future, I plan to do something more geared towards the math and science fields. I also enjoy participating in GEMS because GEMS involved many hands on projects and real world participation that is both enjoyable and educational at the same time. GEMS is also another way for me to become more social and independent instead of relying on others and staying quiet in the corner. It allows me to step out of my comfort zone and interact with kids...
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...19/01/2015 40 Young People Who Became Millionaires Before They Were 20 | Inc.com PEOPLE 40 Young People Who Became Millionaires Before They Were 20 It is often awe-inspiring to think about how early some of the world's most famous entrepreneurs got their start. Many of them simply had a fantastic idea and then just worked their butts off to make it reality. BY JOHN BOITNOTT @jboitnott IMAGE: Getty Images We all know that some entrepreneurs get rich quick, but still others do it even while they're young. Quite a few of them are making their first million before they're even of legal drinking age. http://www.inc.com/johnboitnott/40youngpeoplewhobecamemillionairesbeforetheywere20.html 1/6 19/01/2015 40 Young People Who Became Millionaires Before They Were 20 | Inc.com While most teens spend their youth honing work skills in entry-level jobs, whether that's slinging fast food or working retail, others get that spark to succeed at an early age. There's no shortage of useful advice out there to help even the very young make strong business decisions. There is also no minimum age to become a millionaire, as these "kids" know firsthand. From playing the stock market to starting up their own companies, check out these 40 teens who made millions before turning 20. 1. Ashley Qualls: The founder of WhateverLife.com got her ingenious idea back in 2004 when she was just 14. Meant to showcase her design skills, the site really took off when Qualls started...
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