The ups and downs of Forever 21 In the global economy,entrepreneurship is one of the business ventures with a high success rate for self-employment population. In fact, current market survey shows that entrepreneurship in the United States is growing at a steady rate of 6.4 percent annually. This means that alteast about 1.8 million people work as entrepreneur. Also, it is imperative to note that under effective management, entrepreneurship businesses have opportunities to be scaled up into corporations or companies. For example, studies show that the Information technology industry was made by simple entrepreneurial sectors such as call centers, network maintenance,and hardware providers that aimed at solving unique communication problems. This implies that solution-focused and critical entrepreneurial skills can readily map an entrepreneur venture into a large enterprise. Even though it is also credible to note that there are ups and downs subject to this industry. A good example that helps understand this is the case study of forever 21 companythat recently has been a headline in business media and business journals. Founded by Don won chang and sook chang,…
Regression Model. Comment: From the above plot, the law of demand holds. This is evident because when the price of goods or services rises, the quality demanded will fall. Consequently, when the quality of demand per certain period of time falls, this will definitely result in price rise and will rise as price falls, other things being equal (centra paribus) (Herbert, 2019). On Equation on the plot, Y=0.0521x+150.15 Y = is the dependent variable (Demand). X1= is the independent variable (Price). 0.0521 is the Coefficient of (x). And 150.15 is the Intersection value. Demand for Coffee (Y), against Income of Coffee (x2). Solution. Comment: From the above plot above, demand (Y) and Income (X2) are inversely related. This clearly implies that increment in Income leads to Decrement in Demand (Y), and increment in Demand (Y) leads to Decrement in Income (X2), other things being equal (centra paribus) (Herbert, 2019). On Equation on the plot, Y=0.1673x+34.105 Y = is the dependent variable (Demand). X2= is the independent variable (Income). 0.1673 is the Coefficient of (x).…
SOCIAL ENTREPRENEURSHIP Executive summary Social enterprises in Singapore utilizes commercial strategic approaches to maximize the social, financial, and environmental wellness. As such, social entrepreneurship is capable of safeguarding its sustainability into the future besides fulfilling its societal obligations. The definition of key terms such as entrepreneurship, innovation, and creativity has been provided since they serve as the basis of social enterprises in Singapore. Motivations to setting up social enterprises exemplify the upsurge of social enterprises in the country relative to modern developments. Social enterprises have a moral responsibility that must be articulated to ensure such a portfolio meets their stipulated goals. Similarly, social entrepreneurs are motivated due to the availability of exploitable opportunities in the market, mostly in the Asian Pacific region. Introduction Social entrepreneurship refers to the approach utilized by individuals or groups of people to develop, fund, and implement ideas related to social, environmental, and cultural concerns. In Singapore, unicorn startups like Grab and Razer have sprouted out as crucial social enterprises, thus considered as the dream of founders. Businesses in the city have made a long-lasting impact…
concept of colonialism, imperialism and economic development Introduction The process by which relevant journal articles, books and theses are examined or reviewed based on a particular research topic is regarded as a literature review. Notably, the existing literature is explored during the review. The current review is based on the concept of colonialism, imperialism and economic development. The European context shall be considered, and controversies or assumptions related to these phenomenons shall be evaluated. Colonialism can be referred to as a practice, while imperialism is the foundation or the idea behind the practice. The idea of imperialism has driven colonialism. Colonialism is a practice of settlement which began about 400 years ago. European colonialism has completely changed the economic landscape of the world. It created the free-market capitalism, and the practice of trade emerged. A controversial or debatable aspect of colonialism is that it might have been driven by economic consequences; however, the cultural factors also played a vital role. The review will further shed light on the existing research on European imperialism and colonialism. The research will be useful…
The Thirdworldization of The Russian Federation Michel, the author of the book, opposes with the reality that free trade, as well as globalization, is the deprivation for the growing numbers of people.in this discussion will explain the overview of how Michel Chossudovsky views various examples in establishment that the globalization of poverty is as a consequence of the new financial order. Marginalization and unemployment are restricted to the third world; instead, they exist in rich countries, also in the former Soviet Union. Macroeconomic disaster tries to derive the explanation of how and why the processes are in relation. By exploiting the way the global economic structures have tremendously changed from the 1980s, the influence caused by international financial bodies has enforced in the eastern European and third world countries in the facilitation of these changes( Chossudovsky). After Mikhail Gorbachev’s assumptions of the secretary-general position in the communist party, he embarked on making notable economic and political amendments’, which realized the disintegration of the Soviet Union with a new chapter realization in the world history. Apart from the present uptake…
The Role of Ecommerce in Enhancing Quality Of Life 1.0.Introduction Nowadays, technology penetrates many areas of life, with both positive and negative consequences. In the business environment, ecommerce has become the most influential technology revolutionizing consumers buying goods and services from online stores. Khan (2016) defines ecommerce as the buying of products and services through the Internet. Similarly, Kabugumila, Lushakuzi, and Mtui (2016) define ecommerce as the buying of goods and services through telecommunication and telecommunication-based tools like the Internet. The term ecommerce was initially believed to describe the process of performing business transactions through electronic devices from the electronic data interchange (EDI) and electronic funds transfer (EFT) (Kabugumila, Lushakuzi, & Mtui, 2016). These technologies emerged into the public domain for the first time in the late 1970s, and they permitted communication and implementation of electronic transactions between enterprises, generally in the form of electronic buying orders and invoices (Kabugumila, Lushakuzi, & Mtui, 2016). Therefore, EDI and EFT were the foundation for the emergence of ecommerce. Shopping is considered very vital in human life since it enables consumers to access…
The Nightmare of Motherhood Family and parenting is a critical factor towards realizing children rights as well as promoting social well-being among United States citizens. Parents who are heads of families carry the responsibility of ensuring their children’s care. Either there has been a looming crisis on ways to support families. Most middle-class families face hard times as they have little resources to facilitate the well-being of their families. Schulte (2014) stated that there exists many bosses believe that there exists a zero-sum relationship between family life and work. From Schulte’s illustration, some women are heavily hit when it comes to balancing work and family issues. As a middle mother, creating a viable balance between attending to the children and going to work turns out to be a critical employment issue. From this perspective, Stone and Lovejoy (2011) suggested that some mothers would prefer to stay out of the labor market until their children grow old enough. The tag of war between family and career is a critical issue affecting middle-class mothers. Gender discrimination in the workplace is also another…
Johnson Control International This paper is about Johnson Control International. give a brief history of the company and then an analysis . Your essay should cover the topics discussed in class. When discussing topics such as SWOT’s tables, do not simply place a SWOT, PESTEL or Porter’s 5 Forces table into your paper without discussing it in the body of the paper. You need to talk the language of business in your paper ($) and relate that to other companies and PEERs. Start with an Executive Summary. Most executives will read this and either throw the paper away or continue reading. Put extended time and effort into your summary. I strongly encourage you to write an outline for your paper prior to actually writing your paper. (External Analysis Describe the environment that your firm works within. Consider all the stakeholders in this desсrіption. Are there changes happening in this environment? Consider the PESTEL framework in these changes.[unique_solution] Are these changes going to positively or negatively impact your firm? At what speed are these changes happening? Apply Porter’s five forces model…
The hospitality sector in the Middle East Introduction The hospitality sector in the Middle East has been in the last decade affected by the political uncertainties that most countries in the region have been experiencing. However, in some countries such as Pakistan lies a massive opportunity for the hospitality sector (Shamsi et al., 2015).. With the faster growth in the economic power of the citizens in the country and tourist attraction sites in the country, the overall hotel industry is likely to have a boom in the future. The state also gives multinational enterprises a more significant opportunity for investment in the country for many reasons. Globalization, which is a process in which people, ideas, and goods spread throughout the world, spurring more interaction and integration between the world’s cultures have been the major drive for the movement of people in and out of Pakistan, which continues to create opportunities for this sector. The chosen MNE Wyndham hotel and resorts are a chain group of the hotel with the headquarters in New Jersey, USA. The hotels, which are one of…
Globalization and How It Affects Small Businesses Any business out there is it small or big, local or international firm would at one time think of going global. It is the role of the owner and the small business stakeholders to rethink their business strategies focus on the inclusion of new market strategies like the integration of internet and sustainable business concepts, as this will make the business more competitive and more productive in the society. The society is mainly focusing on buying the products that they know will be sustainable and with less harm to the environment. Even in the modern era, small business owners have learned the aspect of making use of the concept of sustainability in their day to day operations in Canada. This has been influenced by the issue of globalization, preparing the business in a manner that it can be capable of performing and serving the interest of the local people and also the international personals. It is important when the society and the government pay attention to supporting the small business operators; this will…