...Part A (The Report) Sole Proprietorship A sole proprietorship is the most common form of forming a business in the United States. The individual that forms the sole proprietorship and the business is one in the same. For example, if the business owes creditors money, the individual who created the sole proprietorship business has to pay the bill. When entering into contracts the individual is actually agreeing to the contract since the person and business is one in the same. The biggest advantage of doing business under a sole proprietorship is that it is extremely easy to form since the individual creating the sole proprietorship is the business. They are fully responsible for all aspects of the business including making good on payments, collecting monies from customers, and providing the goods or services to their clients. Another reason individuals create sole proprietorships is the flexibility they gain by owning their own business. Since they do not have anybody to report to they can do as they please as far as hours, vacations, expansion, or direction of the business. However, there are many disadvantages that come with a sole proprietorship business. Since the individual is the business they are responsible for all financial responsibilities. They are responsible for ensuring all payments to creditors are paid on-time and in full. If the individual runs into financial issues they are responsible without protection. Also, sole proprietorships can only have one owner...
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...Creating Multiprocessor Nios II Systems Tutorial Creating Multiprocessor Nios II Systems Tutorial 101 Innovation Drive San Jose, CA 95134 www.altera.com TU-N2033005-2.0 Document last updated for Altera Complete Design Suite version: Document publication date: 11.0 June 2011 Subscribe © 2011 Altera Corporation. All rights reserved. ALTERA, ARRIA, CYCLONE, HARDCOPY, MAX, MEGACORE, NIOS, QUARTUS and STRATIX are Reg. U.S. Pat. & Tm. Off. and/or trademarks of Altera Corporation in the U.S. and other countries. All other trademarks and service marks are the property of their respective holders as described at www.altera.com/common/legal.html. Altera warrants performance of its semiconductor products to current specifications in accordance with Altera’s standard warranty, but reserves the right to make changes to any products and services at any time without notice. Altera assumes no responsibility or liability arising out of the application or use of any information, product, or service described herein except as expressly agreed to in writing by Altera. Altera customers are advised to obtain the latest version of device specifications before relying on any published information and before placing orders for products or services. Creating Multiprocessor Nios II Systems Tutorial June 2011 Altera Corporation Contents Chapter 1. Creating Multiprocessor Nios II Systems Introduction to Nios II Multiprocessor Systems . . . . . . . . . . . . . . . . . . . . . . ...
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...ban political spending by corporations in candidate elections. It was a split decision (five to four). The argument in favor of the decision is that the government has no right regulating political speech. Those who oppose the decision believe that allowing corporations to endorse candidate elections would degrade democracy. Traditionally, we have been a nation based on a democracy of individual voices however; this ruling may change that creating a nation influenced by corporate spending. Some members of the nation support this change but others are fearful of it (New York Times, 2010). Message Described Whether in support of this change or fearful of it, the decision affects everyone. The video is from the website FreeSpeechForPeople.org. It is entitled “What Did the $upreme Court Do to Our Democracy?” It is in response to the Supreme Court ruling that private for profit corporations are citizens with political rights and takes a position that opposes the ruling. The audience of the message is the people of America who are competent in political issues. The video is composed of interviews of common people on Capital Mall, clips of Senators who oppose the decision, a comedian using sarcastic satire making fun of the decision, and a narrator with an informative style combining these elements. The main argument of this video is that corporations are not people therefore should not have influential power over our nation. The video views corporations as sinister entities taking...
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...Creating Shared Value MBA6008, Global Economic Environment June 6, 2014 The article “Creating Shared Value“ is a business concept created by the Harvard Business Review and written by Michael Porter and Mark Kramer on January 1, 2011. The article deals with the idea of innovating the purpose of a corporation and their relationship to the social environment in order to identify unknown customer needs and to expand the relationship with the communities in order to be mutually dependent. Porter and Kramer urge leaders to recognize that "shared value is not social responsibility, philanthropy, or even sustainability, but a new way to achieve economic success". They advocate that creating shared value will drive the next wave of innovation and growth in the global economy (Porter & Kramer, 2011). Several large corporations have already started implementing a shared value initiative – such as Google, IBM and Wal-Mart (Porter at el, 2011). Shared value creates economic value for the corporation through innovations that address society's needs and challenges. Companies create shared value in three ways: 1. By redefining products and markets 2. By redefining productivity in the value chain 3. By enabling local cluster development 1Arguably, products and markets are the greatest unmet needs in the global economy (Porter at el, 2011). Too many companies fail to reevaluate their strategy and ask themselves if their product is right for the customer. 2A company’s...
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...between a manufacturer and a wholesaler or between a wholesaler and a retailer” (McCleave, 2010, para. 4). In addition, an example of B2C is Cisco offering “several home entertainment solutions, including wireless capabilities for music, printing, video, and more (Kotler & Keller, 2012, p. 57)”. There are a few difference between B2B and B2C as it relates to a corporation marketing and building their brand. For example in a B2B relationship a corporation can build a relationship with another business better than it can build a relationship with a consumer. Cisco build relationships with other corporations in order to increase the business knowledge of their products. Cisco benefitted from building these relationship because it help them to grow and become successful. “Cisco developed partnerships with Sony, Matsushita, and US West to co-brand its modems with the Cisco logo in hopes of building its name recognition and brand value” (Kotler & Keller, 2012, p. 57). A corporation brand awareness for a B2C relationship is to increase the consumer awareness of the products. Once awareness is increase the corporation is hoping more consumers will purchase the product. “With its entrance into the consumer market, Cisco has had to develop unique ways to connect with consumers” (Kotler & Keller, 2012, p. 57). Cisco Connected Sports is being used in sports stadium throughout the United States. Fans can experience “the ultimate fan experience by meeting the players through Telepresence...
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...The business world is evolving. There is a need for business to be a more involved entity than just a products and service trader. This concept however encompasses many different ideas and different implications as to what is means to be socially responsible. Michael Porter’s article “Creating Shared Value” looks at, “the connection between societal and economic progress” (Porter). The article written by Archie Carroll and Kareem Shabana titled, “The Business Case for Corporate Social Responsibility: A Review of Concepts, Research and Practice” looks at how social responsibility can provide “incentives from a primary corporate economic/financial perspective (Carroll).” This can all be tied together with the new emerging type of corporation, a B-corp. A B-corporation is concerned with the triple bottom line; people, planet, and profit. Many businesses are jumping on band wagon of social responsibility while others are standing back to evaluate the progress of this new idea. Is there any stock in what Michael Porter or Archie Carroll and Kareem Shabana are saying? Do their ideas conflict with one another or support each other? Do B-corporations fit into this idea of social responsibility? Michael Porter article looked at the things that businesses could do to create shared value. Shared value as Porter explains means long term sustainable business that benefits multiple stakeholders. Porter’s article focused on different ways to create this shared value. He looked at reconceiving...
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...Shared Value Creation; Revolution or Rhetoric? Abstract The concept of Creating Shared Value(CSV), was made popular in a Harvard Business Review(2011)by M. Porter and R Kramer defines as, policies and operational practices that enhance the competitiveness of the company while transforming social problems which is related to the corporation into business opportunities and simultaneously yield greater profitability(Porter, Kramer,2011). As it sounds, it is a seductive promiseand has so far received obscene attention in the business markets and among business educators. Both authors seeks to regain trust in “business and society who has pitted against each other so long” …”Learning how to create shared value is our best chance to legitimize business”(Porter, Kramer, 2011) is how companies were viewed as prospering at the expense of the community. With both aims of evaluating and analysing the concept of creating shared value, in this paper, we suggest how CSV can help businesses harness its full potential by simply creating economic value while simultaneously creating value for society. Focusing on making the right kind profits, companies should look beyond just merely maximum profits but also integrates social benefits at the same time; starting a positive cycle which reconnects business with society. In CSV, it represents a new approach for businesses moving beyond CSR approaches in the past. However promising this bold new approach is, it has also created polarized...
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...society and a huge part of the American culture; one has only to observe the timeless art of Andy Warhol and the iconic Campbell’s Soup Can at the National Gallery of Art in Washington, D.C. A personal definition of marketing is creating a product or service that fulfills a need and taking the idea from a concept to the kitchen table. Business Dictionary defines marketing as “the management process through which goods and services move from concept to the customer” (Business Dictionary, n.d.) as “the activity, set of institutions, and processes for creating, communicating, delivering and exchanging offerings that have value for customers, clients, partners, and society at large” (Marketing Power, 2004). The definitions have ideas in common the most apparent is that marketing is a set of processes with the intention of bringing an idea to the public. Even though marketing is synonymous with selling and advertising, the actual intention of marketing helps to fulfill consumer need, keep business competitive, and create a higher standing of living for everyone. Meeting Needs The most important function of marketing involves meeting customer needs. An individual or company must solve a problem or fill a void that the public currently has. Corporations spend millions each year trying to do just that the department responsible is more commonly known as Research and Development (Perreault, Cannon, McCarthy, 2011). An example of research and development involves the Coca-Cola Company...
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...Many may argue that creating a motivational plan is strictly for the good of the employees and their needs. Well, while a motivational plan does benefit the employees, Collard (2002) suggests, "the ultimate goal of the motivational plan is to improve the equity value of the company" (p. 57). The motivation plan then obviously benefits both the corporation and the employee when it accomplishes the goal that is was intended to address. Many factors must be considered when creating a motivation plan. Some of these are as follows: employee base, managers, corporation goals, and employee benefits. While all motivational plans are intended to increase productivity, only the well-orchestrated and managed plans are truly able to fulfill their intended purpose. One article (Incentive Edge', 1994) stated that incentives could be used in any part of an organization with equal effect. Some of the benefits that arise from incentives are upswings in sales and market share, better productivity and quality, lower absenteeism and employee turnover, improved safety and work habits, and improved loyalty and teamwork. Corporate and Managerial Role Corporations have an extreme interest in the success of employee incentive programs. The more successful these are the more successful the company will be. There is however a role that the organizations must play in creating and maintaining these motivational plans. Collard states that "the key to success is to: 1.) set realistic goals and timeframes;...
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...Use the following information to complete your QuickBooks® Online assignments in Week’s 2–4. Week 2 Creating Deposits • Select the large + sign in the upper-middle part of the screen. • On the right-hand side under the Other menu, select Bank Deposit. • At the top left of the deposit screen, make sure account 100 Cash-Checking Acct is selected. • Enter the appropriate date to match data for Sierra Corporation data. Inputting the incorrect date will cause problems when reports are run later. • In the Received From field, select the proper name from the list that appears in right-hand side of the box. • In the Account field, select the appropriate account name from the list that appears in the right-hand side of the box. • Input the correct amount in the Amount field. • Select Save and New to complete the transaction. • When done with deposits, click on the large X near the top right of the screen to return to the main menu. Do not click on the X for the browser or QuickBooks tab. Writing Checks • Select the large + sign in the upper-middle part of the screen. • On the left middle side under the Vendor menu, select Check. • At the top left of the check screen, select the proper vendor for payment. • Next, make sure account 100 Cash-Checking Acct is selected. • Enter the appropriate date to match data for Sierra Corporation data. Inputting the incorrect date will cause problems when reports are run later. • In the Account field, select...
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...Use the following information to complete your QuickBooks® Online assignments in Week’s 2–4. Week 2 Creating Deposits • Select the large + sign in the upper-middle part of the screen. • On the right-hand side under the Other menu, select Bank Deposit. • At the top left of the deposit screen, make sure account 100 Cash-Checking Acct is selected. • Enter the appropriate date to match data for Sierra Corporation data. Inputting the incorrect date will cause problems when reports are run later. • In the Received From field, select the proper name from the list that appears in right-hand side of the box. • In the Account field, select the appropriate account name from the list that appears in the right-hand side of the box. • Input the correct amount in the Amount field. • Select Save and New to complete the transaction. • When done with deposits, click on the large X near the top right of the screen to return to the main menu. Do not click on the X for the browser or QuickBooks tab. Writing Checks • Select the large + sign in the upper-middle part of the screen. • On the left middle side under the Vendor menu, select Check. • At the top left of the check screen, select the proper vendor for payment. • Next, make sure account 100 Cash-Checking Acct is selected. • Enter the appropriate date to match data for Sierra Corporation data. Inputting the incorrect date will cause problems when reports are run later. • In the Account field, select...
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...the company shall undertake alone. This model is possible, but unlikely since business activities ought to be designed by many stakeholder groups, other than the executives. (p. 211). This is because public relations is an effective tool for shaping the opinion of consumers regarding a corporation and structuring the image of the business. However, in expressing his argument, Friedman relies on several logical fallacies that constitute abstract relations meant to stir the emotions of the reader. By creating a false society where income and collective good are mutually exclusive, social accountability compares to communism, and workers are separated from the society. Friedman’s narrow argument is devoid of scale and methodical firmness and fails to persuade the reader of its logical qualities. This commentary aims at clarifying the significance of corporate social responsibility and establishes how organizations can achieve their profit motives in a socially responsible manner. First, Friedman pushes the reader to take his side by creating an abstract division amid profits and social accountability. In his view of a capitalist economy, the one and only responsibility of a corporation is to use its possessions and participate in actions aimed at increasing its profits. Business people can pursue a socially responsible course without the objectionable results claimed. Contrary to Friedman’s view, broad social responsibility that is common today requires businesses to...
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...Case study: Michael Novak: Capitalism and the corporation The problem investigated is the growth of corporations and capitalism to the extent that they become unavoidably inseparable in order to maintain a cohesive, civil society. Corporations have been with humanity since the beginning of organized government. Capitalism can be loosely defined as the economic freedom to allow for the building of wealth, both individually and corporately. In order to provide for that freedom, governments must be in one accord with corporations to that end. Adam Smith’s writings tell us in the course of history that countries may finally become a “Nation of Commerce” as part of a natural progression. He further suggests an individual’s economy is inevitably woven into the fabric of society and that fabric should be allowed to grow without the interference of politics, which we can fairly judge as governments of all kinds (Smith, 1776). To this point, both Smith and Novak concur that, “sources of private capital and private wealth, independent of the state, are crucial to the survival of liberty”. (Novak, 1997, p. 32) The American corporation faces the responsibility of creating a social good beyond the four reasons given by Michael Novak. First, it creates jobs. Second, it provides desirable goods and services. Third, through its profits it creates wealth that did not exist before. Fourth, it is a private social instrument, independent of the state, for the moral and material support of other...
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...Creating dynamic Web sites with PHP and MySQL How to serve database content on the fly Skill Level: Intermediate Md. Ashraful Anam (russell@bangla.net) Web developer ##### 15 May 2001 This tutorial shows you how to create a dynamic Web site using PHP and MySQL. You learn how dynamic sites work and how they serve the content. After reading this tutorial, you will be ready to serve your own dynamic content from your own site. Section 1. Before you start About this tutorial This tutorial shows you how to use two open source, cross-platform tools for creating a dynamic Web site: PHP and MySQL. Prerequisites This tutorial is targeted to developers who are new to PHP and MySQL, and it has no prerequisites. Section 2. Introduction and installation Creating dynamic Web sites with PHP and MySQL © Copyright IBM Corporation 2001. All rights reserved. Trademarks Page 1 of 20 developerWorks® ibm.com/developerWorks The need for dynamic content The Web is no longer static; it's dynamic. As the information content of the Web grows, so does the need to make Web sites more dynamic. Think of an e-shop that has 1,000 products. The owner has to create 1,000 Web pages (one for each product), and whenever anything changes, the owner has to change all those pages. Ouch! Wouldn't it be easier to have only one page that created and served the content on the fly from the information about the products stored in a database, depending on the client request? Nowadays sites have...
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...Strategic Plan Part I: Lear Corporation BUS/475 December 7, 2015 Business Model and Strategic Plan Part I: Lear Corporation Lear Corporation is a huge company within the industry it is operating. Lear Corporation started its existence almost a century ago, in the year 1917 as American Metal Products, and it continued its development throughout the time by making several acquisitions and going public in 1994. Lear Corporation strives to respond to the changing needs of the automotive industry and successfully manages to be “a global leader in automotive seating and electrical systems” (Lear Corporation, 2015). Lear Corporation has a simple vision that has four major bullet points, and this vision statement clearly represents how the company sees itself and how it positions itself within the industry. * A supplies of choice * An employer of choice * The investment of choice * A company that supports the communities where we do business (Lear Corp., 2015) The vision statement of Lear Corporation implies that the company strives to be the first in the market. In addition to that, Lear states that it has core values that the company constantly fulfills no matter what: (1) customer focus, (2) operational excellence, (3) teamwork, (4) integrity, (5) diversity, (6) and community service. Those core values exist in every division of the company, in every transaction and in every move, Lear makes throughout their operations (Lear Corporation, 2015). Currently the...
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