Entrepreneurship Entrepreneurship is one of the ways which contribute to the growth of the economy and the creation of jobs in most countries. To define the term entrepreneurship, according to Eric Ries’s book, it’s about having a business idea, having the required resources, and implementing the concept. Being an entrepreneur is associated with a couple of benefits. Many companies produce different products, and this needs different entrepreneurs to market and also sale. On other occasions, there is a market gap, and it needs to be covered. Entrepreneurs come with ideas to cover the market gap ( Hutagalung, Bongsu 331-348). If you are an entrepreneur, you have the advantage of enjoying the profits as well as business control. As an entrepreneur, you sit down and come up with unique strategies to develop your business. Most of the known companies like IBM have been developed through having a mature business idea. Entrepreneurship may affect the business positively or negatively. this impact is a result of how the market is connected. Some firms may not be favored by the state government, thus hindering…
The business environment Introduction. The business environment in which organization operate has continuously experienced a drastic shift with rapidly changing conditions which have made the environment become more complex, dynamic and operating within an uncertain framework. Bearing that these uncertainties affect the business environment the evolution and introduction of practical measures of how corporate organization should be managed has gained considerable attention which has pushed for the implementation of strategic system thinking as an innovative way of regulating the business environment. Systems thinking gives a broad perspective of things through how we view something like a comprehensive network of interrelationships, rather than only focusing on any single fragment of a system. A more simplified view of system thinking is emphasized by Dr Russel Ackoff, who used a car, as an illustration, to explain system thinking. Ackoff posits that different parts of a car need to be assembled for the car to function as each piece is dependent on the other for functionality. The interdependencies are what makes it a system (). Therefore, refining the respective portion of a structure via…
Quality Management Quality management is the core of Starbuck’s business strategy. The company has a premium brand selling premium quality products only, which is also the primary differentiation point adopted by the brand. While the brads business model is mostly differentiated along other different lines, whenever clients think of Starbucks, they think of great quality products and varieties. The brand has made use of this formula since its establishment and it has never compromised on taste and quality. In lieu of the brands products quality, the brand charges premium prices on the produced products. Its stores visitor is mostly characterized by high end customers and the quality and taste of Starbuckss products is practically irreplaceable and that’s why the brand customers are always willing to pay extra costs for better quality. For instance, the Arabica coffee sourced by the company is totally different from normal Arabica as the company is very selective on the beans used in its production. Millions of coffee cups are tasted daily by experts to ensure that the best flavours are achieved…
Chemistry Research Paper The life cycle of a cell phone begins at the factory where its fabrication occurs using different components such as metals, silicon processor chips, plastics, and glass. The extraction of these materials from their ores and other sources forms part of the cradle for the phone. The fabrication process results in the emission of pollutant gases such as Carbon (IV) Oxide. It is shipped to the consumer who uses the phone until the end of its convenience. At this phase, the phone uses electricity and emits electromagnetic radiation that causes pollution. The processor chips, usually made of silicon, are traditionally harvested and, after a series of ultra-purification and other processes, are fabricated into the phone along with the other components. Its manufacturing consumes electricity, the same as its use. After disposal, it shredded along with the rest of the phone before it goes through automatized mechanical sorting. (Soo V.K. and Mathew D.). At this point, the circuit board, light plastic, dark plastic, and other metals care sorted. These are later transported to the commodities market. From here,…
PERFORMANCE MANAGEMENT AS TOOL TO CONTROL AND DEVELOP WORKFORCE Introduction Human capital plays a significant role in running a business organization. This explains why big and reputable business firms are putting extra efforts to hire qualified and skilled human resources (Simmonds, Porter & Bingham, 2008). A useful human resource is significant in maintaining the right image and reputation for the organization. However, choosing the best team for human resources is not an easy task. For this reason, most of the reputable business firms have separate human resource departments. Human resource management plays various roles in the success of an organization. Their roles include training of employees, recruitment of employees, rewarding, and performance management (Simmonds, Porter & Bingham, 2008). The paper will focus on performance management and its negative and positive impacts on the performance of employees in a business. Performance Management Performance management has gained popularity as a critical feature for labor management in both private and public organizations (Marther & Seifert, 2011). It is an integrated and strategic approach to assessing the performance of a team or individual towards…
Financial Entrepreneurship <Author name> <Institutional affiliation> <Course number and name> <Instructor name> <Assignment due date> Financial Entrepreneurship Inside Rosita’s Closet is a fashionable plus size women’s clothing boutique that will open in mid-year. Inside Rosita’s Closet boutique offers an essence of personal styles inclusion on the latest stylish trends for plus size women. Also, it targets to provide exclusive personal services that consist of a thorough style assessment for its customers. Currently, Inside Rosita’s Closet Plus Size Women Boutique is organized under a sole proprietor. Even though the primary goal is to open one boutique store, extension plans take establishing a well-acknowledged brand name the store into account. Once the primary asset of Inside Rosita’s Closet is launched, the brand quality for plus size women will separate Inside Rosita’s Closet from other boutique stores. Also, the company will follow fashion trends while taking into consideration our customer’s preferences. The boutique store will exclusively centre on the styles and sizes to flatter the female plus size figure. The company’s pricing organization will remain elastic,…
Name Instructor Course Date Interpretation of The Gay Science by Nietzsche Friedrich Nietzsche was a philosopher from Germany, and his works have had a profound effect on the modern history of intellect. He was a fervent critique of morality for many various reasons known to him and which he shared in his book. Nietzsche critiqued the idea that morality gave an objective viewpoint of what and how people should behave, based on what was morally acceptable or not. He also critiqued the claim that people can do whatever they want because they have free will. Friedrich thought that the claims of free will and objectivity were lies that people came to believe and that morality adds no value to a person’s life. Friedrich said that morality only served the purpose of thwarting the potential of a person to achieve greater heights in their lives as it holds them by dictating what they should or should not do. This limitation imposed by morality makes people identify as part of a whole, removing any possibilities of a person aiming for individual perfection.…
Carlsberg Case Analysis Student Name Institution of Affiliation Year Industry attractiveness While originating from Denmark, Carlsberg A/S is the fifth-largest global brewing firm. The beer production industry is one of the most attractive and profitable sectors in different markets. Many people consume beer as a refreshment and to crown different occasions, including wedding parties and other cultural rituals. As such, Carlsberg A/S is in a beautiful industry. Even when the economy is on the downfall, many people continue to consume beer to “get rid of some disturbing thoughts.” However, the Chinese market was overly fragmented and that both regional and local brewers dominated the industry. In the Chinese market, pricing was the most determining factor for success. Besides, entry into the market was not easy because of various market barriers in addition to the amount of capital required. The beverage industry has been attractive, mainly because a more significant population uses beer to permit some communication that can otherwise be hard to manage. Reasons for Carlsberg A/S’ mergers and…
How long does it take for plastic bottles to decompose Introduction Plastics are polymer materials that can change easily change in shape. Many items are made of plastics because twisting them into different shapes is easy. The long chains of atoms bonded together make up a polymer, which is plastic. Breaking or degrading these long-chain bonded atoms is not an easy task.the bonds can only separate after a UV ray sunlight reaction. The type of plastics used to make water bottles is high-density polyethylene and polystyrene types of polymers. These kinds of polymers made from very long atom chain reaction bonds that cannot be easily separated, and that’s why even the period for its decomposition is quite long. . Then, let us understand how long does it take for plastic bottles to decompose. Generally, plastic waste is one type of debris that take too much longer to decompose. Chemical residues can take up to 1000 years to decompose in landfills. Plastic bottles are very different from the plastic bags used daily. The plastic bags takes almost up to 20 years…
China Communist Party Struggle Student’s Name Institutional Affiliation China Communist Party Struggle The communist party of china is the ruling party of China and also the biggest party in the country. It was founded in 1921 by Chen Duxiu and Li Dazhao. The China Communist Party victory marked a monumental change in the history of China, the far east, and also in international relations. The party’s success was owed to various factors affecting the country then. The fact that the peasant armed forces were completely isolated from urban working much helped the party win the civil war. The party relied heavily on the peasant armed forces to destroy the old regime and seize power. China, at the time, was also filled with corrupt and incompetent officials who wasted government resources. The economic downfall in the cities led to thousands of labor strikes of nurses, students, and another government workforce (Ishikawa, 2018). The heavy taxes imposed on the people of China, unemployment of more than half of the population…