Managing Business Failure             Several options would have been employed to save the situation facing Youcastr. Generally, Youcastr failed due to poor management and not because it lacked resources. Therefore, the assets associated with the firm would be essential in coming up with solutions. The first option would be taking bank loans. Banks always provide loans to established firms, and Youcastr was already established. Moreover, Youcastr failed in two main fields that would have been managed for proper cooperation. Youcastr management failed to pay attention to revenue management. A better option would have been to invest in revenue-generating ventures instead of building on costly ventures (Barringer, 2015). One of the ways of raising revenue for investment would have been borrowing money from friends and relatives. Also, the firm was formed as a result of the meeting of three partners. The partners would contribute towards lifting the revenue ability of the firm. Moreover, the customer network would have been engaged to maintain their loyalty to the firm. The failure of Youcastr began when customers started losing their loyalty towards the firm.…

Know The Man Who Succeeded In Achieving His Dream In This World Of Entrepreneurship- Vance Fundora Vance Fundora, the founder of Fundora Enterprises and a digital marketer, paved his way through a lot of obstacles. Succeeding in his field has been quite challenging for him, but he accepted them all. He believed that challenges are part of life and conquering them with a strong determination and a positive mind is all that takes to become a successful person. He has faced mockery and deception from his closest ones, but he moved on. He made his mind accept the anxiety and stress he faced in life during his journey. He did not let that tame his focus, demean his ambition. What Kept is Him Going? What made him the person he is today, has always been the endless desire to learn, grow and develop more. He steamed up his burning desire with self-confidence, more sharpened thoughts and better resources. He achieved the motivation for his life by reading the life chronicles of different fields, from an athlete to an artist, from…

MarketQuake Workstation Industries, Globalization Report Key Areas of Focus Globalization has undoubtedly become one of the essential concepts in business because it affects the economy, life environment, and society, which in turn enhances competition and rapid changes in technology. Capturing additional customers overseas and gaining exposure requires proper preparation by the business, particularly the vital areas that drive the business decision. It is significant if global expansion is good for the business. Initially, it is critical to determine if a service or product adds value to the international community (Abner, 2015). Knowing and understanding the cultural environment that the business operates or intends to operate can give it an added advantage. Besides, there are legal and regulatory issues that must be taken into account because the ability to work within the local laws and regulations is an explicit guarantee that the business can operate in foreign markets (Abner, 2015). It is advisable to seek international legal counsel before engaging in global trade. Foreign government considerations also must be looked into because they affect the currency exchange rates, accessibility to needed…

Effective Leadership Approach from a Biblical Perspective Leadership is an autonomous duty of management (Saitis & Saiti, 2018). People in authority, be it political environment, business world, or societal functions, need to have effective leadership skills and approaches. Effective leadership is necessitated as the lack thereof is bound to disparage other people’s opinions; hence little motivation and regard accomplishing goals and objectives. A leader has a sense of direction and purpose. How best he will steer followers towards the accomplishment of such goals and objectives is dependent on the person’s leadership approach. Core Attributes Focus stands out as the single most important attribute a leader should have. Focus is having a clear sense of direction and purpose (Saitis & Saiti, 2018), well defined, and tangible goals and objectives that become the focal point of all activities. By being well defined, another trait of leadership crops up. Decisiveness. Decisiveness in the face of unclear communication breeds rebellion and high employee turnover (Robinson, 2018). When all clearly understand the mission and vision of the company or any groupings of individuals, the leader…

STRATEGIES TO PROMOTE CURIOSITY IN LEARNING   Teachers should always try to promote curiosity in students to learn something new. On the other hand, students should also show the quest of acuriosity in learning something new. Each and every student should be curious about learning something new. And engage themselves in new ideas with an open-mind inquiry about the question. Teachers should engage students with some interesting content by which students pay attention and be curious to know more about the contents. However, students should have that urge and willingness to ask their questions and more critically to do so.   Here are some strategies to promote curiosity in learning   Teachers should encourage question about anything.   Several children are shy to ask a question. There are reasons behind this child thinks how an adult would react when asked about something. However, teachers or adults should try to make them comfortable and encourage learners to ask a question. Make them believe no laughter should be at their question. Therefore, this will make the learners more confident and they become…

Elon Musk, a Fringe Figurehead             Among the most ubiquitously recognized archetypes in America- a capitalist, free market society since its inception- is the entrepreneurial, focused, and sometimes eccentric column of the business world. They may be a founder, a CEO perhaps. But whatever they do exactly, they typify capitalist principles. Such figures as Bill Gates or Henry Ford bring very specific characteristics to the table; they are innovative, intelligent, driven. Moreover, though, the most celebrated of these figures usher in a new era. Mark Zuckerberg does not command the same attention or garner the same respect today if Facebook arrives in 2007 instead of 2004, even though his skills as an individual are unchanged. In the case of Elon Musk, it is difficult to argue that anything has driven him to success more than his ingenuity and creativity. Musk perpetually resides on the cutting edge. He may not consciously chase this fringe, but anyone who has seen his résumé can attest that staying put does not satisfy him. But in order for the fringe capitalist to exploit the benefits…

Entrepreneurship Current Event Paper ECN 1015 Introduction to Business in a Market Economy   This short (2-3 page) paper is intended to keep you up-to-date on current entrepreneurship and small business management happenings and issues occurring both domestically and internationally.  Please utilize current articles as they will allow you to most directly apply your knowledge to what is happening outside the classroom in the “here and now”.   Select and read a current article on entrepreneurship and/or small business management from any number of business periodicals, to include Business Week, Fortune, The Economist, Newsweek or from a newspaper, such as The Wall Street Journal, the business section of the Washington Post or Baltimore Sun. An article can also be selected from a reputable news source on the Internet, such as CNN.com.   Include a copy of the article with your written report or a URL to the article on the Internet.   Following an introductory paragraph introducing the article and its main theme, provide a brief and concise summation of the article. The summation will be an outline of the…

Effects of Risk Management on the Organisation Performance and Competitiveness             Risk management refers to the process of identifying risks, the process of assessing, and a method of controlling organization threats that are likely to happen in the future or the ones that have already happened (Abdel-Basset et al., 2020, P 247). Risk management aims to ensure that there is a better performance of the organization; the organization is performing in an effective way and above all to make sure that all the people working in an organization are in a safe condition (Adiguzel and Zafer, 2020, P 116). Risk management ensures that there are no risks that can make an organization not fit in the competitive field as a result of its poor performance (Andersen et al., 2019). Risk identification is defined as the procedure of determining dangers that have the possibility of preventing the programs, innovativeness, and investments from achieving the set objectives (Anwer et al., 2019). Risk identification is an independent variable because it does not need other variables when it is identifying the risks in the…

evaluate a market situation and identify an appropriate research method to make an effective marketing and business decision Main Objective of the assessment The central aim of MG2119 is to test student’s ability (1) to develop marketing research problem; (2) to provide a critical literature review from secondary data and academic sources (3) to develop knowledge of the marketing research process including research design (qualitative), data collection and sampling, data analysis, and data reporting. For this task, the student is required to draw on basic enquiry and analytical skills, research and fundamental theoretical knowledge, and approach it with the view that it helps to relate the material introduced in the lectures with practice.   Description of the Assessment This assessment will help students to evaluate a market situation and identify an appropriate research method to make an effective marketing and business decision. The student should use it as an opportunity to creatively design and plan a research project, and to carefully consider how they would collect and analyse primary data, but WITHOUT actually collecting primary data or conducting data analysis.…

Critical analysis of Teamwork, Leadership and Motivation theories. prepare an essay that critiques theory (using academic literature, again!) and connects your critical analysis and arguments about the theory with your observations made during the outdoor course. Note that the essay will be much easier to write if you have made notes of your observations whilst on the course. Notes taken and independent arguments developed and written up in weeks 1-9 may also prove invaluable! Steal a march on the independent essay by starting it early…. In 2,500 words, the essay should attempt to provide your critique of the relevant literature and your thoughts and arguments about the theories and their connections. Such a position would then allow you to draw out conclusions from personal experiences and activities from the OMC and how these connect with your deep, detailed and critical understanding of the theories explored. [unique_solution]This will require you to mobilise critical analysis of literature and theories and to develop arguments that explain how your arguments regarding theory can be used to explain what you observed on the OMC. You…