The Fundamentals of Entrepreneurship DB

My view of entrepreneurship is that you don’t need to have exceptional skills to be successful when you decide to start a business. All one needs to have is the desire to work in order to achieve his goals. According to my understanding of the word entrepreneur, it is a French word which means to undertake, so in business it is to start a business. To say that you must have superior qualities that a few have in order to be an entrepreneur is not only far fetched but also erroneous, I simply don’t agree with that kind of thought. Strategic planning is a direction or strategy that a business is going to follow in certain period of time. It is so important to a small business in because it keeps it on the edge of competition with big companies. A business with no strategy has no direction. Strategy outlines the direction of the business. Without a strategy it is difficult to achieve goals in a business and small businesses therefore ought to formulate viable strategies that can cope with competition and at the same time make the business focused in scope. To me strategic planning is a process that does not only requires good management skills but also it requires the will and commitment by all persons involved in order to attain the set goals. (McDonald, 2001) There are several factors that an entrepreneur should consider before choosing any form of ownership. There are: The risks involved which are normally high in entrepreneurship, purpose of the business, its goals, strategies for achieving each goal, a plan to implement each goal and the way of monitoring the implementation plan. Other   factors includes the influence one have in the running of the   business and one must also know the responsibility for debts, the amount of   tax payable to the government and the county or the local government, one must also know the   government policies of that particular business. A person must also consider the amount of profit to expect and the time he or she spends on that business. I disagree with educators who thinks that student in colleges should not engage in business, this is simply because the students engage in this for they have been taught its fundamentals and they cannot wait to put them in practice. Once students get the desired knowledge they become innovative and hence they cannot wait to test their skills as entrepreneurs. Research indicates that entrepreneurship should include innovations such as; new products, new production methods, new markets and new types of business among other innovations. In my own perspective wealth is created when such innovations are utilized since it results in new demand of commodities. The purpose of an entrepreneur is to build a lucrative, moral, and a sustainable business organization. I am of the opinion that one must adhere to factors such as: 1. Profitable business practices that satisfies and attract new customers, pay employees fairly and rewards innovation and diligence.2.Ethical business practices that include the protection the privacy of the clients and employee financial and personal information, to respect ethnic, political and religious backgrounds of the customers.3.Sustainable business practices that can withstand the dynamics of the world, these involves establishing markets not exploiting them, doing away with abusive working conditions and keeping   basic labor rights, replacing non-renewable energy sources with renewable energy sources, encouraging developing countries to improve labor and environmental standards amongst suppliers. (Cullen and Boteeah, 2005) Reference Cullen, J. and Boteeah, K. (2005) Multinational Management: A strategic Approach: 3rd Edition: Thomson South-Western; Mason McDonald, M. (2001): Marketing Plans: How to Prepare Them, How to Use Them. 4th Edition: London, Butterworth Heinenamm         

Problem question in the law of tort Essay Example | Topics and Well Written Essays - 1500 words

Problem question in the law of tort - Essay Example Cantrell is the teacher of these boys. His actions are likely to have a foreseeable effect on them. As such it is very likely that the Courts will find that he owed a duty to Jamie and Scott. However, was this duty breached? There is no mention in the scenario of any specific action that Cantrell did that caused the injuries. Perhaps he did not supervise the students sufficiently or did not give them specific instructions or ensure they had safety gear on. Alternatively, it can be argued that Cantrell’s offending actions occurred after the injuries, in failing to get the boys immediate medical help. It says in the scenario that it was only after the commotion that resulted on Scott’s mishap that he sent Kenny to call the receptionist. Perhaps it can be argued that he should have called the ambulance himself or sought professional help immediately instead of sending a student off to get colleague with just first-aid training. Whatever Cantrell’s actions were, he will be judged according to the standards of a reasonable P.E. teacher, as he was acting in this capacity when the mishaps occurred. It is true that he is a newly qualified P.E. teacher but it is unlikely that the Courts will lower the due standard of care because of this. This is apparent from Wilsher v Essex AHA2 where the Court of Appeal rejected the argument that a junior inexperienced doctor owed a lesser standard of care than a more experienced doctor. The Courts pointed out that what mattered was not the standard of care owed by a particular doctor but the standard of care required for the act which he performed. This would apply to Cantrell as well. The question that the Courts would ask is whether a reasonable P.E. teacher would have acted like Cantrell did in that situation. Even if the duty was breached Cantrell may argue that his actions or omissions did not cause the boys’ damage. The test applied by the Courts in assessing causation is the â€Å"but for† test

The Comparison of Acceptance of Homosexuality in South Africa and the Essay

The Comparison of Acceptance of Homosexuality in South Africa and the United States - Essay Example In South Africa, homosexuality is yet to gain positive approval from the majority although the new constitution supports it. Homosexuals in South Africa used a number of factors to gain approval from the government. These include hijack of the revolution, guilt manipulation and intimidation, and intolerance in the name of equality. Keywords: Homosexuality, Sexual Orientation, South Africa, United States, Acceptance, Civil Rights, Equality, Inequality, Constitution Introduction The origins of homosexuality are believed to date back to the biblical times when the people of Sodom and Gomorrah are said to have been destroyed by God. Despite this, the practice found its way in societies that followed. Over centuries different theories have been developed by sexologists, doctors, writers, religious leaders, and philosophers to explain homosexuality. Historical theories of homosexuality were based on fear and misunderstanding rather than scientific evidence. Homosexuality has existed in the world for millions of years and has generally always been condemned. The religious people view homosexuality as a sin, while psychiatrists view it as a disease that needs to be studied and diagnosed. According to Cantor, D., Cantor, E., Black, and Barrett â€Å"over the course of the past two thousand years of western civilization, homosexuality has been punished, by torture and death until the nineteenth century, and then by legal restrictions and discrimination into the present† (2006, p.24). However, despite having an astounding history of repulsion and rejection, homosexuality has been embraced by some cultures in the world such as ancient China, Japan, and Greece. In ancient Greece for example, homosexual relationships between males were viewed as valuable because â€Å"love between males was honored as a guarantee of military efficiency and civic freedom† (Cantor, D., Cantor, E., Black, & Barrett 2006, p.24). Consistent rejection of homosexuality in Europe incre ased with the rise of Christianity. During the time homosexuality and heresy became the worst sins man could ever commit. Homosexuality continues to be an issue of discussion in many of the nations around the world. As many of them keep on rejecting its incorporation in the society, the fact remains that homosexuality persists among the people, especially now that most of the cultures are been washed away due to the mixture of the society arising from immigration stimulating societies’ change in behavior. Again, people are characterized by different levels of leisure and satisfaction which poses agendas on moral factors, but also individuals’ rights and freedom of choice and expression.

American unemployment and how it effects the economy Essay

American unemployment and how it effects the economy - Essay Example t 2010) article discussing the same report indicated similar positive indicators and speculated on the nature of the connection between the economy and the unemployment figures. It attributed the lowered rates to both the general flux of the economy, and the most recent stimulus package. It states that, â€Å"All the well-known private economic research firms estimate that it’s had a huge impact. IHS Global Insight, for instance, says the economy has about 1.7 million more jobs today than it would have had without the stimulus.† While one would conceivably believe this to be indicative of a recovering economy a number of researchers argue that the percentage change is not as beneficial as observers might believe. Cook (2010) discusses that overall the unemployment rate remains awful, â€Å"men (10 percent), teenagers (26.4 percent), African-Americans (16.5 percent), and Hispanics (12.6 percent).† Other negative indicators are that the number of people who have been unemployed for 27 weeks or more has actually increased with this report, and that the amount of people who have stopped looking for work has increased to over 1 million, from the 500,000 figure of last year. It is also estimated that for the economy to keep pace with population growth, and the unemployment numbers to at least remain stable, the country would have to produce more than 140,000 new jobs per month (Leonhardt 2010). Other researchers state that the findings also indicate that the recession is worse than was originally assumed. The New York Times (Leonhardt 2010) stated that the reports indicate the economy had 1.4 million fewer jobs last year than was originally reported. An Economist (2010) article points out that even when the economy begins to recover certain job sectors may never see pre-recession employment figures. It argues that, â€Å"The past decade’s jobs in retail and in entertainment were largely supported by household borrowing. Not only is a new wave of borrowing unlikely to

European union law Essay Example | Topics and Well Written Essays - 1750 words

European union law - Essay Example Moreover, the Commission can further rely on the provisions of Article 245 (ex 211) EEC as â€Å"guardians of the Treaty â€Å"and has to ensure proper application of Community law, in line with Article 245 of the TFEU3. However, the White Paper on European Governance published by the Commission in 2001 further highlights that the primary responsibility for the application of Community law lies with national administrations and courts in the Member States4. Therefore, the primary objective of enforcement of actions against Member States is to monitor compliance and respond to non-compliance. As such, the Commission aims to encourage voluntary compliance of the Member State5. Moreover, the underlying sentiment of the Commission’s strategic objectives for 2005-2009 is that vigorous pursuit of infringement actions under Article 258 are â€Å"considered critical to the credibility of European Legislation and the effectiveness of policies†6 Moreover, according to Article 2 58, Member States that fail to fulfil an obligation under the Treaty can be subject to the infringement procedure. The Article 258 procedure is provided to allow the Commission to pursue its task of policing the application and compliance with the Treaties and secondary Community law obligations7. In turn this has raised issues as to the extent of national court obligations to refer questions of Community law to the ECJ. This paper critically evaluates the parameters of the legal obligations of national judicial authorities to refer issues of community law to the ECJ with specific reference to the relevant treaty procedures and case law. Firstly, it is submitted that often the issue of reference is linked with infringement issues8 and in order for the infringement procedure to commence a breach of obligation by a Member State must be suspected by or brought to the attention of the Commission. A breach or failure to act is most often observed in the forms of a Member State failing to implement Community legislation9. Moreover, the Commission has taken several measures to adequately remedy problems encountered in the transposition, implementation and enforcement of directives in particular for example10. These include regular publication of calendar for transposition and annual reports to monitor the application of community law. Borissova further comments that: â€Å"By launching enforcement action against a Member State, the Commission is not asking the ECJ to recognise a Member’s State’s intention to breach the law but to deliver a declaratory judgment not the latter’s failure to comply with its Community obligations11†. However, Article 258 (ex 226) requires administrative procedural steps to be taken before court proceedings can be instituted. Article 258 further provides that â€Å"if the Commission considers that a Member State has failed to fulfil an obligation under this treaty, it shall deliver a reasoned opinion on the mat ter†. Having informed the Member State of its breach, the Commission gives the state the opportunity to answer the allegation or take corrective action prior to formal proceedings under Article 258, which in turn leaves significant discretion to member states and national courts to address issues of community law12. If the matter is not resolved informally in the first phase, then member state will be formally notified of the alleged infringement by means of a

Applying E-Commerce in business Essay Example | Topics and Well Written Essays - 3000 words

Applying E-Commerce in business - Essay Example They can also use a variety of platforms to access these services example: mobiles, laptops and desktop computers. This infrastructure contains universal standards and is globally reachable. It is rich in diversity and accommodates videos, audios and text messaging. They enable firms to host live conferences, instant messaging (IM), file transferring and text based live chat across the globe. E-commerce infrastructure enables effective interacting between clients in multi stratums including consumers, producers and vendors. It decreases the cost and increases the quality of business transactions. It allows clients to customize and personalize the services according to the requirements of different parties (Turban, et. al, 2012). E-commerce generates a number of economic benefits to the businesses due to the above characteristics such as decreasing cost, increasing richness in communication, expanding market and enhancing customer relations. The cost of travelling to market place is s aved and the physical presence is no longer required for bargaining in virtual markets. Videos, audios, pictures and graphics used in virtual markets can simulate the real shopping experience to buyers. Market of the modern day business has expanded widely across the globe. It is not constrained by country borders, racial, religious, language and ethnicity based differences. It does not involve rigid time zones. Billions of potential consumers and various producers can meet in virtual market places. Consumer becomes a co-participant in marketing process. Hence the products can be customized according to individual preferences unlike in traditional marketing methods (Turban, et. al, 2012). It can be converged with contemporary trends in Information Technologies such as cloud computing. Benefits of Cloud computing for E-Commerce Based on the predicting analyses by Nelson (2010) it is forecasted that 80% proportion of total E-commerce in the world will be taken over by cloud computing within 10 years. Processing of payments using the internet and the webs involve identification of transaction ID, customer name, dollar amount, date/time of transaction and status of the payment. All these can be converged in â€Å"cloud† infrastructure at a comparatively lower cost and a higher efficiency (Knowledge Center, 2011). Hence cloud computing depicts the potential growth of E-commerce as well. According to the definition of Mell, and Grance (2011), â€Å"cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction† (p.2). The above definition contains a number of characteristics of E-commerce infrastructure. Economic characteristics of cloud computing are as follows. On-demand self-service involves utility base d access to the cloud without involving of human component for providing the service each time a customer needs it. Broad network provides heterogeneous platforms. Resource pooling allows aggregating the storage, memory, processing capacity and network bandwidth of idle computers across the globe and a number of customers who are unaware of the specific location where the service is provided from. Rapid elasticity involves immediately and unlimitedly providing the services while ensuring its availability, accessibility and

What Were the Effects of the Contact Between Europeans and North Americans Essay Example for Free

What Were the Effects of the Contact Between Europeans and North Americans Essay Ever since 1485, Christopher Columbus, an explorer from Italy, began to vigorously look for sponsor for his voyage. He presented his idea of sailing to the Atlantic and into mysterious Asia to John II, King of Portugal. Yet, he was interested in his plan. John II and the royalties thought the plan was unfavorable and unrealistic. When Columbus was about to give up, the queen of Spain, Queen Isabella, offered her assistance. Columbus and Queen Isabella later signed a treaty called Capitulations of Santa Fe, stating that the new lands Columbus could claim for Spain would belong to him. In return, he should bring back gold, pearls, and spice. In 1492,Christopher Columbus and his three ships- the Nina, the Pinta, and the Santa Maria, arrived on the shores of San Salvador in the Caribbean. Lacking knowledge of geography, he believed that he had reached India but which was actually North America. (Livingston, 2010) However, after Columbus’ arrival in the Americas, the animal, plant, people, and bacterial life of these two worlds began to mix up. The arrival of Columbus brought wars, slavary and forced labor, the spreading of diseases caused at least 5 million deaths even worse. The contact between Europeans and North Americans brought Natives catastrophes and devastation that Europeans could never make up. Most importantly, the hidden disease brought by the Europeans caused massive amount of Natives to die. As the Spain, French, and English explorers came to America, diseases like small pox, malaria, chicken pox, influenza, measles, and yellow fever, the diseases that once killers that killed a great deal of Europeans, were brought to the new lands too. Walbert)Which were later called as â€Å" The gift from Old to New Worlds†. (Kincheloe, 2007) As time passed, the Europeans were used to these diseases and gained immunity against them. However, the natives had never confront of these disease before, therefore they had no resistance to these illness, and their traditional cures didn’t work. These diseases killed as much as 90 percent of the native population, which means that only one in ten natives survived. Diseases like malaria and yellow fever were passed down from person to person from mosquitoes. When a particular region was affected, the disease would usually spread out rapidly. Also, natives could easily get the diseases when traded with one another. Other diseases could be transmitted throught the livestocks brought by the Europeans. For example, cattle passes measles and small pox; pigs pass influenza; chicken pass malaria. Native hunters and gatherers could get the diseases when they were in touch with the animals. Thomas Harriot, an English explorer, witnessed the natives suffered from the diseases and wrote the following paragraph in his jornal, â€Å"Within a few days after our departure from every such [Indian] town, the people began to die very fast, and many in short space; in some towns about twenty, in some forty, in some sixty, in one six score [6 x 20 = 120], which in truth was very many in respect of their numbers. . . . The disease was also so strange that they neither knew what it was nor how to cure it. † (Kincheloe, 2007) Harriot’s paragraph clearly stated that the natives died in large amount everyday. Lostln Revery said in her article: The transmission of the diseases caused more devastation in the New World than the Black Death had done in Europe. In addition, the coming of European also brought up a new kind of trade-the slave trade, which cost hundreds and thousands of native men and women forced to be taken away. (Walbert)Dr. Calvin Lawrence Jr. wrote the following paragraph in Coloumbus Day 2012: Hero, Villain, or Both?. â€Å" Columbus is an obvious target of scorn and resentment for Native Americans whose fortunes declined precipitously in the aftermath of his journey to the New World. He and his men also brutalized people of the West Indies and enslaved others. † He interpeted how Columbus and his crew treated the native slaves. According to the passage, the settlers treated the native slaves ruthlessly and unfairly. As the number of settlers increased, more and more buildings like housings were needed. Settlers needed workers to do chores such as building the houses and working of planation. Settlers later found out that they could sell tools, firearms, metal knives, axes, ammunition, alchohol, furs and cloths to the natives. Kincheloe, 2007) In return, they would bring them other natives they captured in tribal wars. Those warslaves were sold to the settlers as slavery. The idea of slavery had already occur before Europeans arrived. The natives adopted the idea of holding slaves as chattel property. Those slaves were usually enslaved war captives and were used for small- scale labor or rutual sacrifices. Little records stated that the slave holders viewed the slavess racially inferior from other tribes. However, most slaves would slowly equalized into the tribes to replace dead warriors. After European marched in, it caused a change in Native American slavery, as they created a new market. At first, the settlers only bought slaves from other tribes and used them as workers. As time passed, the demand increased, colonists in the South began to capture natives. The natives were used as labors to cultivate tobacco, rice, or indigo, which is a type of dye. Therefore, the population of natives decreased swiftly due to forced labor. Settlers even encouraged natives to go against each other to triggered them into war, their objectives were to weaken the warring tribes and increase the number of slaves. Furthermore, the misunderstood and conflict between Europeans and Native Americans usaully lead to war that led to massacres of native villages. For example, the conflict between settlers and the Pequot tribe that was centered along the Pequot River, called The Pequot War. (Pequot War) The natives believed that the land were sacred and they were closely linked with the lands. The idea of â€Å"owning† land did not exit among the Native Americans. They lived on the land, but didn’t consider that they owned it. When European immigrated in their lands, the Native Americans welcomed them and were willing to share the lands with them. Nonetheless, the Europeans took advantages of the natives and started to take over their land. The points of anxiety included unfair trading, the sale of alcohol, and the destruction of Pequot crops. Eventually, it led to the first war between natives and Europeans on the continent. In 1636, European trader called John Oldham was killed by the Pequot. The incident triggered the leader of settlers, John Endicott, to seek retaliations. The Europeans then cooperated with the Narragansett, the rival of the Pequot. In May 1637, more than 500 Pequot people were burned down or hunted down, and the chief was the executed. The village was massacred. Historians considered this as a shameful period of history. The other example was the conflict between the Southern Tuscaroas tribe and the settlers in 1715. The war was later called The Tuscarora War. The European Setllers that lived in North Carolina had lived in peace with the natives for over 50 years. The chief of the Southern Tuscarora, Chief Hancock, later found his villages often assaulted and his people frequently kidnapped and sold as slaves. Chief Hancock felt that there were no alternative but to go against the settlers. Chief Hancock teamed up with other tribes and attakced the planters on the Roanoke River. Hundreds of settlers were killed. Governor force then attacked the Southern Tuscarora and other tribes in return. Hundrerd and thousands of Tuscarora were killed or made prisoners. As the result, the majority of Southern Tuscarora began migrating to New York to escape the setttlers. Due to the natives were mostly lack of armed force and resources, also weaken by diseases, they were nearly always unsucessful in wars. In conclusion, the contact between European and American caused the population of natives to reduce fastly. The Europeans thought they were the superior culture that brought civilization to the inferior culture. Since they were armed with better weapon, natives were in an inferior postion. Although the settlers did make progress for the natives, they still caused a great deal of native’s death. European imperialism of America changed the culture and lives of natives permanently and resulted in genocide of natives. The most deadly reason of native’s death is the disease they brought from the old world. The settlers brought in a number of kinds diseases that were fetal and took away a great deal of native’s life. As the settlers increased, more and more laborers were needed. Natives were captured and sold as slaves to work for the settlers. However,the settlers didn’t treat the natives well and overworked the natives. Lastly, the war between natives and settlers was also one of the reason that natives deceaded. Settlers from European countries armed with better weapons that natives couldn’t compete. As the result, the natives were mostly defeated in battles. To sum up, the contact between Europeans and Native Americans ked to a demographic disaster of unprecedented proportions. Some natives population became extinct in less than 100 years.