...Risky Business: Executive Function, Personality, and Reckless Behavior During Adolescence and Emerging Adulthood Henry Pharo, Clark Sim, Mikala Graham, Julien Gross, and Harlene Hayne University of Otago Adolescence is a risky business. Despite outstanding physical health, the risk of injury or death during adolescence is 2–3 times that of childhood. The primary cause of this increase in morbidity and mortality is heightened risky behavior including drinking, driving, drug-taking, smoking, and unprotected sex. Why is it that some adolescents take big risks, while others do not? One potential source of individual differences in risk-taking behavior may lie in individual differences in executive function including judgment, impulse control, self-monitoring, and planning. Researchers have hypothesized that limited brain system integration and efficiency, particularly in the prefrontal cortex and related structures, may be involved in the range and degree of risky behavior commonly exhibited by teens. In the present study, we examined the relation between risky behavior, personality factors, and performance on neuropsychological tests of executive function. The community sample of 136 adolescents aged 13- to 17-yearsold and 57 emerging adults aged 18- to 22-years-old exhibited marked individual differences in risk-taking behavior; participants’ scores on a alcohol, smoking, drugs, sex, driving, and antisocial behavior questionnaire ranged from 0 to near the maximum...
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...Li & Fung : Strategic Role of E-Commerce 2006/9/13 ECT 7010 Fundamental of ECommerce Technologies 1 Defensive posture of Li & Fung to the Internet at the beginning “Would the Internet disintermediate us? Would we get Amazoned by someone who will put together all of the information about buyers and factories online?” Answer: The Internet facilitates supply chain management and Li & Fung were not going to be disintermediated Key: have the old economy know-how and yet be open to new economy ideas 2 2006/9/13 ECT 7010 Fundamental of E-Commerce Technologies Internet Issues August 2000, beta launch of the new Businessto-business(B2B) e-commerce portal Important issues: Was there any chance of channel conflict or cannibalization between the offline business and the start-up? How would the market reach to the start-up once it was launched the following year? How specifically would e-commerce ultimately transform his family’s century-old company? 2006/9/13 ECT 7010 Fundamental of E-Commerce Technologies 3 Company Background 2000 – Li & Fung a $2 billion global export trading company 3,600 staff worldwide Sourcing and managing the global supply chain for high-volume, time-sensitive consumer goods Product mix – hard and soft goods Soft goods – apparel, including woven and knit garments Hard goods – fashion accessories, festive or holiday products, furnishings, giftware, handicrafts, home products, furnishing, home products, fireworks, sporting goods, toys...
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...understanding how they think and what drives them to make the decisions they do. Upon interviewing two business owners and observing how they run their businesses, the findings were intriguing and fascinating. A powerful and risky move would be striving towards making the switch to becoming a full-time entrepreneur and taking control of a business. Entrepreneurism is a valuable skill that schools need to promote so students have business ownership knowledge when graduating versus becoming an “employee” state of mind. The following will explain some things to consider, including pros and cons to becoming financially independent. Owning a business is a very risky endeavor, but it can be a very rewarding decision once executed properly. "If you're the owner, you may have to say, 'I screwed up,' but it's a lot better than saying, 'I didn't deserve that.'" Olsztynski, J. (2009). Happiness is ... owning A business. Plumbing & Mechanical, 27(9), 84. Retrieved from http://search.proquest.com/docview/220757601?accountid=458. One must possess the ability to fail and constantly push through hardships rising well above, and excelling along the way. Start up costs and daily operations can require a significant amount of initial capital, but once a business is on the market, can generate enough to cover them and produce residual income. After concluding interviews with two business owners in regards to starting up and daily operations, it provided much insight into the...
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...Creating, Financing, and Marketing a Business Joshua Hall Strayer University BUS 100 Grady L. Meeks Jr. 05/2/13 Creating, Financing, and Marketing a Business Starting a business with a partner offers many benefits, not the least of which is having someone to share the many responsibilities of running a business. The cost is split in half, which also means any earnings will be split as well. A good thing about it is You will have limited liability with the business. There are a few different types of partnerships. a General partnership,limited partnership,and limited liability partnership partnership businesses hold good Benefits,partnerships can quickly go bad if you don't give it ample forethought and planning. partnerships can also be very risky, The business-related acts of one partner can legally bind all other partners. In short I would suggest Avoiding general partnerships and consider forming an LLC or a corporation for start-up businesses. I feel in my opinion it's better,you would have a greater financial success, and you would have more independence. There are many funding options for small business, in my research I have found that there are plenty. Debt financial is one way businesses capitalize on funding. they Don’t have to give up equity and its Available to companies that can’t get equity funding. Which is another funding option for those who qualify...
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...Differentiating Between Market Structures David Walker ECO/365 4-2-2013 Roger Hinds Differentiating Between Market Structures Every industry has its own specific market structure and also to the type of consumer that is being catered to. The retail industry is a very risky industry and requires your company to be able to sell what latest fashion trends are currently. Today’s fashion trends are constantly changing not only due to products going in and out of style but also based on location and weather as well. The fashion industry can be very rewarding but with anything else you must put the work into it first before you will start reaping the reward. The retail industry is a very lucrative and highly paid industry; however, keep up with latest fashion trends can be very difficult considering fashion changes constantly from one location to another. At no time in U.S. history has there ever been one specific product that consumers all over the world have been interested in purchasing at one specific time. There has always been a generational gap as to what is currently in style as to what is out of date. For example if you grew up during the 1960’s and 1970’s bell bottom jeans may have been in style then, where as currently today’s youth thinks it is fashionable to wear your jeans with your behind hanging out of them or to wear your pants so big so they are constantly falling off your waist. The retail industry is a market industry that...
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...Taking off Just like how it is for any new business, taking off or starting up can be one of the toughest parts of owning, managing, and running a business. Believe it or not, the Bercaw sisters started off in their basement of their house in Edina, MN. With just a few shelves, materials to make the bombs with, and ovens, “Da Bomb Bath Fizzers” was born. The girls business was expanding quickly and the girls knew they needed even more land, labor and capital to be really successful. Luckily, the Bercaw parents had an idea. Both full-time working parents looking for a change, The Bercaw parents decided to quit their jobs and started “full time bath bombing”. This at the time was an incredibly risky decision, but as we can tell from the success...
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...referring to the past five years of ADP’s ROA. In 2010, one can see that it started off well, but then started to decline until 2011. This occurred because there was a decline in employment as well as an increase in failed businesses (IBISWorld). After 2011 it’s percentage started to increase, as ADP better managed its assets to gain more earnings. The next ratio analysis to evaluate financial health is long-term debt to equity. Finding the long-term debt to equity ratio is important as it indicates the leverage of the firm. If the ratio is high than it is more risky which implies that there are more liabilities and less equity. As shown below, in a five-year span, the long-term debt to equity line graph looks the opposite of the one above. From 2010 to 2011 there is an increase in the ratio, which as mentioned before, there was an increase in failed businesses, causing the long-term debt to equity ratio to rise and become more risky. Fortunately, the risk decreased as ADP increased their clientele and client retention. The last ratio analysis is equally as important as the last two, as it is shows how much revenue ADP Inc. has made. The total asset turnover line graph also shows a trend of the past five years. The total asset turnover line graph is very similar to that of the return on assets line graph, however, with much higher percentages. It, as well shows how past events affected it from 2010 to 2011. From then on it has increasingly become more profitable. Automatic Data Processing...
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...1. Auditing neither creates goods nor adds utility to existing goods and therefore does not add value to business. Auditing exists only because it has been legally mandated. Auditing exists because it is needed by the company. It is beneficial to users who need assurance if their financial statements reflect economic conditions that occurred in a period. Without reliable information, companies might make less effective decisions which are risky for the value of business. It may neither create goods nor add utility to goods but it adds value to business because it is a source of information for a business’ decisions. 2. The failure of the public accounting profession to warn us of the problems that existed in the economy is an example of a profession not adding utility to society. Accounting records, classifies, and summarizes economic events to provide financial information for decision making. It does not study the problems in the economy but it helps management to make effective decisions despite economic problems. That way, accounting profession is an added utility to society. 3. The only reason I would hire an auditor is with the expectation that the auditor search for and find any fraud that might exist within my company. Searching for fraud should be the primary focus of an audit. Fraud involves deception that can result to material misstatements of financial information and is not good for the users and a company’s future. But auditing does not only find...
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...Kelli Uhlberg 9/10/2013 EEE 451 Case 2: Intuit 1.)Your textbook on page 19 makes a reference to the fact that most entrepreneurs learn about cash flow, marketing, human resources after they have those problems. Comment on how Scott Cook seemed to address these issues? Cash flow, marketing, and human resources are arguably the three most important parts of building a business, and are often lessons business owners misunderstand in the real world. It should be blatantly obvious that these three concepts are cyclic and rely on one another to survive. It seems that Scott Cook saw how each aspect of business owning relied on the other and how all three components needed to work together to truly see fiscal results. Marketing strategies utilize cash flow and generate more, human resources are selling points in marketing strategies, strong human resources build customer loyalties and keep cash flow steady, etc. Scott understood that entering into an actual business wasn’t going to be the perfect scenario like textbooks. He needed to master and balance those three components to survive. Cash flow is a huge obstacle for most businesses. On page 20 of our Entrepreneurial Finance textbook explains, “ The area in which they [unsuccessful entrepreneurs] lacked the most training was cash flow management”. Cook handled his start up professionally and didn’t allow failed venture capital pursuits put him down. He resourced himself to fund the project. He knew how much money it...
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...Subject : Entrepreneurship and Business Planning (EntrepHRM) Definition of Entrepreneurship * The art of science of innovation and risk-taking for profit in business. * The practice of starting new organizations or revitalizing mature organizations, particularly new businesses generally in response to identified opportunities. * It came from the root word “entrepreneur” * French word means “entreprendre” which means undertake Common Themes in Definitions of Entrepreneurship * Individual * Innovation * Organization Creation * Creating Value * Profit or not-to-profit * Growth * Uniqueness * Process Misconceptions about Entrepreneurship * Successful entrepreneurship needs only a great idea * Entrepreneurship is easy * Entrepreneurship is a risky gamble * Entrepreneurship is found only in small businesses * Entrepreneurial ventures and small businesses are the same thing. Men behind Entrepreneurship Eighteenth Century * Early 1700s – Richard Cantillon, coined the term entrepreneur who was then used to describe a “go-between”or a “between-taker” * Late 1700s – the risk bearing concept entrepreneur was expanded to include planning, supervising, organizing, and owning the factors of production. Nineteeth Century Early part of the century – Jean Baptiste Say proposed the difference between the profits of entrepreneurship from the profits of capital ownership. Late part of the century – distinction was made between those who supplied funds and earned interest...
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...thinking for business, design, and governments. There is a little country-specific literature in Australia regarding the ways in which design thinking is engaged by design and business. Barriers: Definition and understanding of design thinking – No clear definition of what design thinking is has been established. The problem is the difference in languages of business and design and the work contexts in which design thinking is discussed. Business perceptions of design – Design is often perceived as a high-risk activity or an artistic pursuit linked to creating a tangible product or output. The strategic engagement of design thinking to delivering outcomes related to more holistic business challenges is not well understood. The ‘hybrid’ space – the expectations of design thinking are different from business expectations to design expectations. Businesses are not necessarily seeking design thinking from designers, and the design industry’s agenda does not necessarily align to that of business. There is no hybrid space where design thinking is discussed by both parties at equal level. The traditional Australian business environment – Australian economy faces various problems of high Australian dollar, slump in manufacturing, limited investment in innovation. Australian businesses still rely heavily on older methods to solve business challenges rather than seeking to blend traditional practices with new approaches. Design thinking is often rejected as a risky approach to...
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...American Entrepreneur Alonzo Cartwright Point University Abstract The American Entrepreneur plays a vital role in the American business market. Entrepreneurs are individuals that do not mind taking risk and believe that failure is relative, but if you do fail learn from it and move on quickly. Entrepreneurs provide jobs in many communities delivering products or services that customers use on a daily basis. Barbara Corcoran of The Corcoran Group who appears on ABC’s Shark Tank is the definition of an American Entrepreneur. Ms. Corcoran’s philosophy and business strategy reflects the success found using un-conventional and sometimes risky business strategies. American Entrepreneur Merriam-Webster dictionary defines entrepreneur as one who organizes, manages, and assumes the risk of a business or enterprise (Merriam-Webster.com). Entrepreneurs contribute heavily and play a vital role in the growth of the United States economy. Mary Byrd and Leon Megginson describe today’s typical entrepreneur as young, male (ethnically diverse), between the ages of 25 to 34, and has specialty expertise. There is no age limit to becoming an entrepreneur and with the growth and popularity of small business many high schools, colleges, and universities are now offering courses in entrepreneurship (Byrd & Megginson). The U.S. Bureau of Labor Statistics’ tracks the start and closing of businesses. Since the start of the recession in 2007 there has been a decrease in the starting...
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...Role of Technology BIS 318 August 19, 2011 Role of Technology In this paper the subjects to describe are how technology is utilized in retail environment, how has impacted the retail business and customers, and will address the most critical technologies in the retail today. Technology in Retail Environment Consumers have choices on what and where to buy their goods. Retailers have many choices in the business activities when involved in selling goods to consumers for their families, personal, and household use to increase their revenue. It includes sale from meals at restaurants, movie ticket, cars, etc. Retail is the last stage of the distribution process, and consists of sale merchandise from a fixed location such as boutique, department store, or by mail for a direct consumption by the customers. Consumers also have choices in decide what and where to purchase their goods. Retailers decide how to bring customers’ business to increase revenue and trying to find the way to reduce cost. Technology is something that people cannot escape from. It plays a big role in most aspects of our lives, and answers many of Mankind problems. Is very importance because always directs for easiness in our lives, and aims comfort of use in whatever form it is. Technology helps retailers and allows the company keeps up with the inventory, customers’ satisfaction, the chain management, and loss prevention. “Because of the advancement of computers, now is...
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...Business Start With the economic downturn, students in all the major business schools have been dropping out of their entrepreneurship classes and transferring back to classes where they think they have a secure future. Students and professionals who were once planning to start businesses now have decided to go back to their cushy jobs. Everything is going back to normal. Or at least that is how it looks. Below are nine reasons why any student should start a business: 1. You gain experience. Owning and running your own business is an incredible way to gain experience and credentials regardless of whether you decide to stay in business once you graduate. Jaime Gonzalez of Oklahoma State University received the highest job offer in his entire graduating class. Now, there are two kickers: First, he was the founder of an IT consulting company, and second, he had a 2.4 GPA I wonder if starting a business helps in getting a better job when you graduate? 2. You have nothing to lose. I think it's safe to say that most students dip into their parents' checkbook when it comes time to pay the bills. In general, students aren't paying child support, rent, utilities and many other expenses. The worst thing that could happen if your business fails is that you get a job, have an incredible credential on your resume, and have experience that will increase your chances of success in the future. The best thing that can happen is that you'll become the next Microsoft. I don't know about...
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...Submitted By:- Ishita Singh S143f0015 DEBT vs. EQUITY Debt vs. equity financing is one of the most important decisions facing managers who need capital to fund their business operations. Debt and equity are the two main sources of capital available to businesses, and each offers both advantages and disadvantages. "Absolutely nothing is more important to a new business than raising capital," Steve Jefferson wrote in Pacific Business News (Jefferson, 2001). "But the way that money is raised can have an enormous impact on the success of a business." DEBT FINANCING Debt financing takes the form of loans that must be repaid over time, usually with interest. Businesses can borrow money over the short term (less than one year) or long term (more than one year). The main sources of debt financing are banks and government agencies, such as the Small Business Administration (SBA). Debt financing offers businesses a tax advantage, because the interest paid on loans is generally deductible. Borrowing also limits the business's future obligation of repayment of the loan, because the lender does not receive an ownership share in the business. However, debt financing also has its disadvantages. New businesses sometimes find it difficult to make regular loan payments when they have irregular cash flow. In this way, debt financing can leave businesses vulnerable to economic downturns or interest rate hikes. Carrying too much debt is a problem because it increases the perceived risk associated...
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