...Overview: Dot and Jiggs Martin opened Bloomin’ Lollipops, Inc. with their daughters in 1989. The Martins began the business because they were retired and looking for extra income. Once they were well off and their daughters lives were becoming separate, they sold their business. Question 1: Do you think the Martins did the right thing in selling out? Why or why not? Answer 1: The Martins made the correct choice by selling Bloomin’ Lollipops, Inc. based on their circumstances. As Dot and Jiggs Martin became older, it was more beneficial for the two to sell the business and retire. Question 2: Do you think the decision to incorporate as a C corporation rather than an S corporation was correct? Explain. Answer 2: The Martins decision to incorporate a C corporation rather than an S corporation was a very smart decision. As an S corporation one of the disadvantages would be “that all shareholders must be individuals, estates, or some type of personal trust.” (Byrd & Megginson 66). The C corporation gave them the ability to run Bloomin’ Lollipop, Inc. on their own. It also protected their separate lives in case of a lawsuit. Question 3: What—if anything—would you have done differently from the Martins? Answer 3: The Martins should have sold their business to a close relative or friend. That way they could keep a percentage of the share and continue to be a part of the company they started. Conclusion: The Martins had the right idea when selling their business because...
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...in the world, according to 2011 World Bank statistics and it is also one of the emerging markets in the world. * The primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, and fruits. * Major trading partners: United States, Japan, China, Singapore, South Korea, the Netherlands, Hong Kong, Germany, Taiwan, and Thailand. SLIDE 3 How does an Economy grow? The Philippine Economy 1. It is composed of business enterprise, household and government. 2. Interaction between demand and supply are the fundamental determinants of Economics. 3. The national government has been promoting the growth of entrepreneurship. SLIDE 4 ROLE OF ENTREPENEURSHIP IN ECONOMIC DEVELOPMENT 1. Offers efficient allocating of goods economic development 2. Generates more job opportunities, income, services; improves the quality of life 3. Promotes equity and the country’s productivity 4. Brings social benefits to the government 5. OTHER CONTRIBUTIONS OF ENTREP: * Development of new markets * Discovery of new materials * Mobilization of capital resources * Introduction to technology * Creation of employment SLIDE 5 DEVELOPMENT AND GROWTH THEORIES 1. Laissez Faire (leave it alone) * The government must not interfere in economic activities: Market System 2. Keynesian Theory * Constituted by John Maynard Keynes * The government should control...
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...About Young Entrepreneurs Association of NUS (YEAN) We are a group of students on a 1-year work/study programme, aimed at students who are interested in technology and entrepreneurship. As part of the programme, we intern at various start-up companies and take courses at Tsinghua University in Beijing. Together, we form YEAN to take our goals and aspirations to the next level. We spearhead, promote and get involved in projects such as the Global Entrepreneurship Week, which aims to raise the level of interest in business and entrepreneurship-related topics amongst fellow Singaporeans and Chinese in Beijing In addition, we regularly organize Lim Kopi sessions with industry experts in Beijing. These sessions are intimate sharing sessions where YEAN students get to interact closely with and learn from industry experts. These experts range from professors to angel investors and YEAN has benefitted tremendously from these sessions, as these professionals have been most generous in sharing their experiences in entrepreneurship in China and their own life experiences as well. Industrial visits are also an integral part of YEAN’s calendar of activities. We tie up with various start-ups and business hubs to arrange for industrial visits. Refer to our blog and newsletter for more details. About Global Entrepreneurship Week 2011 (GEW 2011) On 14th – 20th November, more than 30,000 entrepreneurship-related events were held worldwide as part of the Global Entrepreneurship...
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...Bigger Feet – Case study October 29th of 2012 Kiara M Prof: Christine Clark Bigger Feet (Case study nº 1) Entrepeneurship and New Ventures Business opportunities are typically born when someone sees a problem, and then finds a solution to that problem. For “Bigger Feet”, the opportunity came to the entrepreneur in 2004 because his founder was having difficulties finding shoes that fit his 13 sized feet. Through his mother advice after a frustrating experience in a shoe shop, he then got the idea to start a website where people with large feet could order their shoes. After researching the market by meeting manufacturers and visiting trade shows, it was for him apparent that there was not only the means to a big foot wear company but also the market demand. This solved a big problem for many, and that is the crux of any big idea – finding a solution to a unique problem; And how not, if statistics say that across the UK, arounf 1 million people has bigger than average feet, size 12 and above for men and above 9 for woman. The site was launch in 2005 and incredibly sold his first pair of shoes within half an hour! Within several weeks, “Bigger Feet” sales had gone international, receiving order from Saudi Arabia, USA and The Netherlands. In the following months, both Bigger Feet and Oliver got stronger. After winning the “Make Your Mark – Lloyds TSB award for teen entrepreneurship he started appearing in sources such as, the Finantial Times...
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...Assignments: SEL1 Individual: Deadline 12 midday, Wednesday week 5. 1 x hard copy to the relevant teacher’s pigeon hole & 1 x electronic upload to Ephorus per assignment. Failure to upload on Ephorus will result in failure of the assignment. Entrepreneurship Explain how you applied Sarasvathy’s principles of effectuation to create your entrepeneurial design? Format: Name, student number, group, lecturer, course component - Entrepeneurship 1,000 words, Harvard referencing, font Times New Roman 12 Sustainability In the sustainability course we distinguished 2 environments that are of relevance to the business community: the macro-environment and the stakeholder environment. The macro-environment impacts individual businesses, while individual businesses can hardly change the course of developments in the macro-environment. The stakeholder environment, on the other hand, does impact individual companies’ activities, but –contrary to the macro-environment- individual companies also impact the interests of their stakeholders. On Blackboard you will find corporate sustainability reports of ten listed companies. Companies increasingly publish sustainability reports to inform their stakeholders (and the broader public) about their sustainability performance. Please select and scrutinize a sustainability report of one of these companies. Subsequently, select at least five sustainability related issues and relate these to the company’s value chain...
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...Ethics Game Simulation Luz Del Solar MGT/216 Lurleen Evans October 2011 Ethics Game Simulation Nowadays it is very hard to manage a business with good ethics and making profitable decisions at the same time, especially in a business world where the moral, values, and ethics are acceptable only after the profit is ensure. A valuable professional would make the difference and face the situations taking in to consideration ethics first. The ethics simulation game would provide two different dilemmas that would help the students to practice their managerial skills trying to make the best ethical decisions possible. In the simulation game, two dilemmas were presented. First the laboratory communicated to Quality Management that the analysis has shown that there is contaminant in the GBS – Fibranafren, which is an ingredient used in the majority of the company products. The results from the laboratory arrived after the products were already released and after taking into consideration the facts that everything indicates that the products are contaminated. However, the contamination is bellow FDA standards, and it would only affect a limited group of people with continued use of the product. The dilemma in this case is, whether the company should warn the consumers about the contamination and what kind of information should be provided to them. In the second scenario the FDA increased the official standards and under this new regulation the contaminated...
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...TABLE OF CONTENT PAGE INTRODUCTION -2- BACKGROUND -3- HISTORY -4- SUCCESS STORY -5- PRINCIPLE OF LIFE -6- PERSONAL ENTREPRNEURSHIP COMPETENCIES (PEC) RESULT -7- CONCLUSION -9- INTRODUCTION The success of a businessperson greatly depends on a certain set of characteristic called Personal Entrepreneurial Competencies or PEC. Almost result from PEC, we can describes how are the true or reality of competencies on businessperson. It really help though im having a hard time looking for any tool in order to help student in diagnosing and assessing their PEC. PEC also will be guided on how businessperson will strengthen and align to improve their area of strength. All of the element in PEC will help people to be more attractive on doing their work because from the result of PEC, we will know what area or element we should increase. For example, in a information seeking element, entrepreneur can use the result to improve his services, satisfy his customer, and be ahead of his competitors by searching for new information related to his business. They also will show confidence in their business ad give their client the best value for their patronage. On the other hand, we can describes that PEC is a good test for businessperson to improve their level of competence and to align their awareness of business’s characteristics to be more structured. BACKGROUND. NAME ...
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...ADEKUNLE AJASIN UNIVERSITY, AKUNGBA-AKOKO, ONDO STATE. DEPARTMENT OF BUSINESS ADMINISTRATION NAME: FAJUYAGBE TEMILOLA JOKE MATRIC NO: 100803139 LEVEL: 500 COURSE CODE: BUS 504 COURSE TITLE: INTRODUCTION TO ENTREPENEURSHIP QUESTION: PICK A PRODUCT OF YOUR CHOICE AND WRITE A FEASIBILITY STUDY ON IT. LECTURER IN CHARGE: MR. OLATUNJI O.D. FEASIBILITY STUDY FOR SETUP OF A SOAP INDUSTRY INTRODUCTION The proposal on the establishment of a soap industry is based on the survey made by FAJUYAGBE TEMILOLA JOKE. The business will be a partnership business between two people (FAJUYAGBE TEMILOLA JOKE and NDDC). From the research that was carried out, it was discovered that Soap is one of the most commonly used chemical products in everyday endeavours. It has been produced in different forms: liquid, powder and bar; different colours, different sizes, different textures, different quality; so as to meet with the increasing demand for soap in Nigeria in particular and the world at large. Some soaps are mild and gentle on the skin but tough on germs (medicated soaps), some are tough on stains and harsh to the skin (particularly detergents) while some are gentle on the skin (toilet soap, liquid detergent etc.). Homes, Industries, Offices, Hospitals, Hotels, e.t.c all use soap on a daily basis. Soap is very essential in Medicine and the Pharmaceuticals where purity and cleanliness is very important. This has made the soap industry a lucrative industry with maximum profitability and minimal...
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...3 The nature, number and characteristics of SMEs in your country. Small and medium business sectors is extensive. The core business of small companies are trade and catering, agriculture, industry and construction. However, it should be noted that the most common type is the trade and intermediary services (70%). Production activity takes approximately one in ten entrepreneur, about the same provide the public transport, construction and household.The main consumers of products and services for small and medium-sized businesses are the local population, residents of nearby towns and villages. In addition, their products and services are used by private firms and entrepreneurs, government institutions, trade and intermediary organizations. The important role of small and medium-sized businesses is that it provides a significant number of new jobs, saturates the market with new products and services to meet needs of large enterprises, as well as produce special products and services. In the current market conditions in Russia, small and medium businesses is one of the most promising forms of management. However, small and medium-sized businesses do not occupy the place which they enjoyed in developed countries, where the number of such enterprises is over 80% of the total number of enterprises. In this sector of the economy in developed countries, employs two-thirds of employees, manufactures more than half of GDP. Russia falls far short of market economies on these...
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...Organizational Cultures The subject of organizational culture has become a popular subject for academic and practitioners alike (Schein, 1990). The increased popularity of the subject has provided an abundance of literature that is available today. The problem with the subject of organizational culture is the difference of opinions on different aspects of the subject among the different authors. The concept itself is not even well defined as different authors provide a variety of definitions that differ. The concept’s ambiguousness has caused different authors to come up with their own theories as to how culture starts in an organization. There also seems to be a variety of opinion how important culture and its ability to change are to an organization. In order to understand organizational culture the published literature must be studied and analyzed to see if there is consensus among the authors on different areas on the subject. The first aspect of this apparently ambiguous subject that will be investigated and analyzed are the different definitions that authors have used to describe organizational culture. Authors also have a difference of opinion on where the organization’s culture comes from and how it originates. Naturally the ambiguousness in defining and recognizing its origin have created different opinions on how important and useful culture is to an organization. The final section of this paper will also look at the ability for culture to change in an organization;...
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...MT&O 2 Organization Theory and Design - Richard L. Daft Organization Theory and Design Richard L. Daft LEESTOETS 1 ....................................................................................................................................... 2 PAGE 3 – 31: ORGANIZATIONS AND ORGANIZATION THEORY ............................................................... 2 PAGE 161 – 173: BUREAUCRACY AND AUTHORITY .............................................................................. 3 PAGE 201 – 220: ORGANIZATION STRUCTURE ...................................................................................... 4 PAGE 441 – 461: POWER AND POLITICS ................................................................................................ 4 LEESTOETS 2 ....................................................................................................................................... 6 PAGE 58 – 69: EFFECTIVENESS ............................................................................................................. 6 PAGE 81 – 106: ENVIRONMENT ............................................................................................................ 7 PAGE 119 – 149: TECHNOLOGY ............................................................................................................ 7 PAGE 201 – 233: STRUCTURE (ZIE LEESTOETS 1).................................................................................. 8 PAGE 249 – 258: STRUCTURE ..................
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...mathematical approach to problem solving 1.1 Man science process • Observation - Identification of a problem that exists in the system or organization. • Definition of the Problem - problem must be clearly and consistently defined showing its boundaries and interaction with the objectives of the organization. • Model Construction - Development of the functional mathematical relationships that describe the decision variables, objective function and constraints of the problem. • Model Solution - Models solved using management science techniques. • Model Implementation - Actual use of the model or its solution. 1.2 Factors of production Natural resources i.e. crude oil Capital i.e. investors Labour i.e. technical and academic Entrepeneurship i.e. takes capital and link labour and natural resouces combined with risk to provide goods and services. Knowledge i.e. to determine wants and needs quickly and to respond to them with products and services. 1.3 3 Most NB Economic systems = Capatalism, Socialism and Communism 1.3.1 Capatalism Free market system Built on principles of private ownership Is based on the right to make a profit, right to compete and the right to own property. System is market driven and the solutions to a country's economic problems are left to the market forces to solve. 1.3.2 Communism Centrally controlled system Based on the ideas of Karl Marx nd Friedrich Engels. All assets belong to the people All people must work in order to receive goods...
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...30 GOOD PRACTICE CASE STUDIES IN UNIVERSITY-BUSINESS COOPERATION PART OF THE DG EDUCATION AND CULTURE STUDY ON THE COOPERATION BETWEEN HIGHER EDUCATION INSTITUTIONS AND PUBLIC AND PRIVATE ORGANISATIONS IN EUROPE EUROPEAN COMMISSION Directorate-General for Education and Culture Directorate C: Lifelong learning: higher education and international affairs European Institute of Innovation and Technology; economic partnership Public open tender EAC/37/2009: CONTENTS CONTENTS INTRODUCTION Scope of report Introduction to UBC Elements in the UBC Ecosystem 5 5 5 5 AIMS & METHODOLOGY Introduction Objective Process for selection Basis for selection Countries considered in the selection of the cases Case study partners 7 7 7 7 8 8 9 CASE STUDIES Case study key insights Classification of countries Nature of case study Case study quick-find 10 10 12 12 13 NORTHERN Europe Case 1: SEA, Denmark Case 2: ETM, Estonia Case 3: Demola, Finland Case 4: REAP, Ireland Case 5: Mobility at UL, Latvia Case 6: CSE, Sweden Case 7: SMIL, Sweden Case 8: SPEED, UK Case 9: IDI/Digital City, UK Case 10: Acua Limited, UK 18 19 25 30 35 41 46 52 57 63 70 76 80 84 90 96 EASTERN EUROPE Case 11: GIS, Bulgaria Case 12: TTO Pécs, Hungary Case 13: The Science and Economy Project, Poland Case 14: WCTT, Poland Case 15: Q-PlanNet, Romania 75 1 © Science-to-Business Marketing Research Centre CONTENTS SOUTHERN EUROPE Case 16: MUHC, Malta Case 17: PNICube...
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...Leading Research DeAnne Aguirre Leila Hoteit Christine Rupp Karim Sabbagh Empowering the Third Billion Women and the World of Work in 2012 Contact Information Abu Dhabi Leila Hoteit Principal +971-2-699-2400 leila.hoteit@booz.com Beirut Ghassan Barrage Senior Executive Advisor +966-1-249-7781 ghassan.barrage@booz.com Cairo George Atalla Partner +20-2-2480-1444 george.atalla@booz.com Dubai Karim Sabbagh Senior Partner +971-4-390-0260 karim.sabbagh@booz.com Milan Luigi Pugliese Partner +39-02-72-50-93-03 luigi.pugliese@booz.com Mumbai Jai Sinha Partner +91-22-6128-1102 jai.sinha@booz.com Munich Klaus-Peter Gushurst Senior Partner +49-89-54525-537 klaus-peter.gushurst@booz.com New York Reid Carpenter Principal +1-212-551-6389 reid.carpenter@booz.com Riyadh Mounira Jamjoom Senior Research Specialist +966 1 249 7781 mounira.jamjoom@booz.com San Francisco DeAnne Aguirre Senior Partner +1-415-627-3330 deanne.aguirre@booz.com São Paulo Ivan de Souza Senior Partner +55-11-5501-6368 ivan.de.souza@booz.com Shanghai Sarah Butler Partner +86-21-2327-9800 sarah.butler@booz.com Stuttgart Christine Rupp Partner +49-711-34226-916 christine.rupp@booz.com Tokyo Akiko Karaki Senior Associate +81-3-6757-8709 akiko.karaki@booz.com Booz & Company Booz & Company 1 Booz & Company wishes to thank the experts who contributed their valuable time and insights to the Third Billion Index: • Rajnee Aggarwal, President, Federation of Indian Women Entrepreneurs (FIWE) • H.E. Fatima Al...
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...J.B.M. Vol. 17 No. 1 Journal of Business and Management Editors Cristina M. Giannantonio, Ph.D. Amy E. Hurley-Hanson, Ph.D. Published by Chapman University’s Argyros School of Business and Economics Sponsored by the Western Decision Sciences Institute WDSI WDSI WESTERN DECISION SCIENCES INSTITUTE The Western Decision Sciences Institute is a regional division of the Decision Sciences Institute. WDSI serves its interdisciplinary academic and business members primarily through the organization of an annual conference and the publication of the Journal of Business and Management. The conference and journal allow academicians and business professionals from all over the world to share information and research with respect to all aspects of education, business, and organizational decisions. PRESIDENT Mahyar Amouzegar California State University, Long Beach PRESIDENT-ELECT Nafisseh Heiat Montana State University-Billings PROGRAM CHAIR/VICE PRESIDENT FOR PROGRAMS/PROCEEDINGS EDITOR John Davies Victoria University of Wellington VICE PRESIDENT FOR PROGRAMS-ELECT Sheldon R. Smith Utah Valley State College VICE PRESIDENT FOR MEMBER SERVICES David Yen Miami University of Ohio SECRETARY/TREASURER Richard L. Jenson Utah State University DIRECTOR OF INFORMATION SYSTEMS Abbas Heiat Montana State University - Billings IMMEDIATE PAST-PRESIDENT G. Keong Leong University of Nevada, Las Vegas REGIONAL VICE PRESIDENT Vijay Kannan Utah State University Journal of Business...
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