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Contributions of Entrepreneurial Businesses
Contributions of Entrepreneurial Businesses Introduction Entrepreneurial businesses generate
wealth for society. A fraction of the wealth that is generated by businesses is retained by the
entrepreneurs the lion's share of the wealth is shared by society. For example, consider that the
wealth that Bill Gates generated through innovations at Microsoft have resulted in increased wealth
for the majority of consumers of Microsoft products. As compensated productivity increases, so
does private and corporate wealth. This paper explores the impact of entrepreneurial activity on new
product development and process innovations including those associated with niche markets on
contributions to communities, and on the contextual economy. New product and process
innovations. Entrepreneurs are integral to the development, introduction, and marketing of new
products and services. Many of the breakthrough technologies and products that are at the core of
American prosperity are a result of entrepreneurial initiative, research, and effort (Rothaermel, et al.,
2007). Fundamental discoveries in American universities result in the application of new
technologies and the creation of innovative products (Rothaermel, et al., 2007). The nature of
scientific inquiry in universities and the Bayh–Dole Act of 1980 foster the commercialization of
these new technologies ("Kauffman Foundation," 2012). However, research by the Kauffman
Foundation suggests that universities may be slow to get their
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Types of Businesses
Sole proprietorship Sole proprietorship concern (also known as a sole trader/owner) is the most
common and most favored option for individuals who want to establish a small business in Pakistan,
or want to start a home–based business. This form of business is used by majority of start–ups on
Pakistan, and it is the simplest way of giving corporate face to a small business Formation
Following are the main steps to start a sole proprietorship business: · Finalize a business name. ·
Print basic business stationary i.e. letterheads, visiting cards etc. · Prepare firm's name stamp (a
common rubber stamp will do). · Open a bank account in the name of sole proprietor business. The
bank manager will require a request letter on business ... Show more content on Helpwriting.net ...
Partnership A partnership or firm is established through written agreement between all the partners.
The law governing the partnerships in Pakistan is contained in the Partnership Act 1932.
Characteristics In Pakistan partnerships are of two kinds: · Registered Partnership · Unregistered
Partnership There is no requirement to register a firm, however there are certain benefits of
registering a firm. In case of registered firm, the partnership deed is registered with the Registrar of
Firms. Unregistered partnership can be dissolved without any formality, however a registered firm
can only be dissolved through a written dissolution application to the Registrar of Firms. By
definition partnership is a relation between two or more persons who have agreed through a written
partnership deed to conduct the business and share the profits and losses of the business according to
the terms of the partnership deed. Partnership business can be conducted by all partners or any of the
partners on behalf of others. A maximum of 20 partners are allowed to form a partnership. In a
partnership firm the partners' liability is not limited and they are fully liable for all claims or law su
its against the partnership. Formation Registration of Partnership Procedure and Requirements The
registration of Partnership firm is not required by law and there is nopenalty for non–registration.
Nevertheless registration can give myadvantages to the firm.
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Tax Reform For Small Businesses
Executive Summary
Tax reform is the crucial component in Government's policy agenda so as to frame more
employment, production, and opportunities. It is mostly initiated for the improvement of levy policy
in order to implement social as well as the economic benefits. This policy paper explores and
suggest tax reforms for small businesses in Australia and also analyzes the various consequences of
its impacts in terms of unemployment, poverty, inequality, and on the overall economy. Since much
of the emphasis is on taxation and incentives at the same time, this paper also discusses options for
providing loans to startups and small scale industries.
This policy paper suggests that how Australian Government can transform its legislative system and
design its tax for small companies and businesses in such a way to overcome the threats brought
forward by the 21st century in order to sustain and promote its social as well as the economic
progress.
This paper further puts light on the fact that how taxes in regards to small businesses should be
lower and whatever taxes are imposed must be paid–up on time. The tax policy should be designed
in such a way that it fosters entrepreneurship rather than compensating intrusive tax outlining.
Wherever feasible some recommendation has been put forward to streamline the tax plans on small
businesses in order to fit taxation system from the frame of Business workouts in this modern era.
Introduction/Background
It was experienced that
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The Problem Of Taxation Of International Businesses
The problem of taxation of international businesses was noticed in the 1920s. It was noted that
interaction of domestic tax system of two different countries can result in double taxation and in
such way negatively affect growth of global economy. International laws were introduced in order to
avoid double taxation and support global economy. However nowadays in a much more globalized
economy, such international rules create opportunities to minimize or avoid paying taxes in both of
the countries the business is established. The states that decided to provide such opportunities are
now known as " tax havens"
Today, Member of States (MS) and the European Union have put great efforts towards increasing
the transparency of financial dealings ... Show more content on Helpwriting.net ...
The main difficulty for the policy enforcement agents is that financial havens employ strict financial
secrecy that is hard to overcome, plus some MS are also engaged in the harmful practices and thus
do not support some of the initiatives. Due to these struggles all the EU agreements regarding tax
havens are considered to be rather symbolic in nature. (T. V. Addison, 2008 p.704)
Accordingly the main aim of this study is to evaluate the adequacy of the European initiatives on
fighting tax havens, money laundering and bank secrecy, and the impact of these attacks on the EU
own financial state. This aim will be achieved through explaining the nature of tax havens and
analysing the coherence of the past/current and proposed policies introduced by the EU and other
international bodies like Organisation for Economic Co–operation and Development (OECD). The
research will seek to explain the main struggles that the EU is facing in enforcing policies through
collection action problem. Answering these questions should help to construct a remedy
recommendations regarding what kind of enforcement powers can be implemented to make the
policies compliant.
The Research Problem:
This essay will briefly explain the most recent policies proposed by the EU and the OECD .All these
policies have one thing in common: increase transparency of the financial records and exchange of
information between tax authorities. Thus putting all the MS on an equal
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Research Paper on Businesses Success
In the world today, there are businesses everywhere. There are small, big, unsuccessful, and
successful businesses. Many business owners planning affect the success of their business. As said
"A man can succeed at almost anything for which he has unlimited enthusiasm" (Schwab). Although
some people may think the purpose of having a business is to make money and supply jobs to
workers, it is not. The purpose of a business, a successful business, is to supply goods and services
to customers. In order to supply commodities and quality service to customers, business owners
have to plan a successful business. Everyone knows that with a successful business comes a great
business plan. A business plan is a documentation that states the purpose of ... Show more content
on Helpwriting.net ...
The "free–enterprise" system is to ensure that businesses make decisions about what to produce,
how to produce it, and what price to charge the product or service. It is important for businesses to
be aware of what their competitors are doing and to find a way to compete by matching or
improving on the competitors ' product or service. By making an improvement on the competitors'
product or service the business gets more business. While paying attention to the competitors'
product and service, it is also important to pay attention the changing of consumers' wants, needs
and values and to make the changes before the competitors does. Sometimes being the first business
to discover a new product can give another business a competitive advantage. "Competition brings
out the best in products and the worst in people" (Sarnoff). A competitive advantage means that a
company does something better than its competition. Once consumers purchase a product or service
and are satisfied with it, they will continue to purchase the product. It is best to find different
locations before opening a business where it might have a competitive advantage. Along with the
competition of other businesses comes the competition with the economy.
The economic growth of a business is important to research before creating a business because it
helps the business grow and prosper. When the economy is doing well there are more people able to
purchase from businesses. If the economy is
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Structural Considerations : Multimedia Businesses
Structural Considerations
Multimedia businesses take inputs and through the operations process, these inputs are transformed
into outputs in the form of goods and services to be sold for a profit.
Organisation and Structure
Businesses in the multimedia industry can consider a variety of either private or public
organisational structures. Most businesses in Australia are privately owned.
The three main types of private businesses are Sole Traders, Partnerships and Private Companies.
Business that are owned publically (they are listed on the Australian Securities Exchange (ASX) are
called Public Companies.
Sole Trader
A business operating as a sole trader in the multimedia industry is privately owned by 1 owner. The
owner can operate the ... Show more content on Helpwriting.net ...
All companies, including those operating in the multimedia industry are controlled and monitored
by the Australian Securities and Investments Commission (ASIC). There are two type of companies,
private companies and public companies. Each company has a management team called a board of
directors. Usually, each director oversees and makes decisions for a section of a company, for
instance a finance department. As companies have more shareholders/owners than unincorporated
businesses, they are more accessible to capital to expand and upgrade, although there are strict legal
requirements to protect shareholders.
Private Companies
A private company in the multimedia industry has restricted ownership and is not listed on the ASX.
Private companies do not list their shares on the ASX but can sell shares privately to a limited
number of shareholders who will earn a percentage of the business' income. This allows the primary
business owners to have the most control over the business operations.
Public Companies
A public company in the multimedia industry sells their business shares on the ASX publically. By
selling shares on the ASX, the business can have more access to capital and has the financial support
of more business owners. Shareholders however don't usually have any say in the business
operations.
Marketing
Marketing is an organisational function that focuses on creating, communicating and
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Big Businesses Dbq
Near the end of the 20th century, America was changed due to the growth of big businesses and their
influence on the nation which include, a modification to the economy due to an increase in labor
demand and the shift in power in politics, specifically the senate.The American people had both
positive and negative points of view on this sudden shift of power to big businesses. During this
time period, the Farmers Alliance helped voice complaints of these big businesses and improved
innovations such as agricultural inventions and electrical lightning increased the need for workers.
From 1870 to 1899, the cost of living significantly dropped due to inventions such as agricultural
innovations and electric lightning which allowed workers to work
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The Effect Of War On Businesses
The effect of war on businesses
Submitted to: Laura Turner
Submitted by: Sarah al–waedh
June 8, 2015
Table of content
Executive summary.
Introduction.
Brief history of the Iraqi war.
Negative effects of the war on business in Iraq.
Positive effects of the war on businesses in Iraq.
Conclusion.
References.
Executive summary The report looks at the effects that the Iraqi war has had on businesses in the
country. It examines in summary the Iraq war itself, when it started, who started it and why it was
started. The looks at the negative effects that have been caused by the war which include: security,
lack of transparency, corruption, a banking system that is unequipped, issues with intellectual ...
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War is an armed conflict between societies which high rates of mortality and destruction. According
to Šmihula D. (2013) war is part of the human nature that spans from our ancestors.
Brief history of the Iraqi war
The Iraq war started as an invasion in 2003 by the United States in an attempt to free Iraq from the
Ba'athiest government of Saddam Hussein and later turned into an armed conflict. It was initially
started by the United States, United Kingdom, Australia and Poland. It is estimated that 151,000 to
1,033,000 Iraqi nationals were killed in the war in a period of between 3 to 4 years of the war. After
the fall of Saddam Hussein the country there was a power vacuum in Iraq which resulted in
sectarian violence that was widespread between Sunnis and Shias. There was also a heavy and
lengthy insurgent that targeted the United States and its allied coalition forces. Despite the
continuation of the armed conflict in Iraq, the United States officially withdrew from Iraq in 2011.
The war was is also known as the second gulf war or the occupation of Iraq.
Negative effects of the war on business in Iraq
Wars have a very big impact on business worldwide. These effects are both positive effects on
business and negative effects. Due to the prolonged period of war in Iraq, it is ranked by the World
Bank as one of the worst places to do business in the world. The war had a big impact on the
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Bureaucratic Businesses And Virtual Businesses Of The...
Bureaucratic Businesses and Virtual Businesses of the Online Age
As the world comes to the end of another calendar year, opportunities and breakthroughs for
improved technologies continue flooding the desks and labs of technical and electrical engineers,
scientists and the like. According to Lisa Kimball (1997), author of Managing Virtual Teams: "New
technology requires us to rethink these dynamics because we don't have the option to use familiar
approaches. It gives us an opening to change the way we manage the people and work process in
general" (p. 2). More than ever before, consumers are shopping online and changing the way their
daily tasks are completed – tasks such as bill paying and education and business meetings – by
completing them in a virtual environment. The intent of this paper is to explore the methods of a
virtual business – such as www.amazon.com – and the methods of a traditional business with brick
and mortar in a geographical locale.
As one of the most famous international virtual retail stores, Amazon has never had a physical shop.
Browsing is done at the click of a mouse and questions are asked and answered via phone, instant
messaging (or "chat") and/or e–mail. Amazon is known as an international American electronic
commerce company, headquartered in Seattle, WA. Founded on July 5, 1994 and launched in 1995,
Amazon started as a bookstore. Jeff Bezos, the founder, called it "regret minimization framework"
(pg. 1) which described his efforts to fend
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Training And Development Small Businesses
Assignment 1: Training and Development Small Businesses 1
Assignment 1: Training and Development in Small Businesses
Darlissa S. Robinson Strayer University
BUS 407: Training and Development
Professor Kelly Thornton
January 30, 2016
Assignment 1: Training and Development Small Businesses 2
Introduction
As a Salon owner I have been asked to come to Creative Styles Salon which is located in Virginia
Beach, Virginia to provide a consultation and training and also to create a comprehensive training
proposal for the Salon. As you can see a small business such as a hair stylist/salon can use social
media and digital marketing to increase brand awareness and grow a loyal following by creating,
curating, and sharing content as well as engaging in meaningful conversation with their audience
which in turn can lead to future growth and sales. The power of networking has long been known by
business and now it is time to apply that same thinking in the digital space in order for small
business to compete against larger outlet stores. When used properly digital marketing and social
media can be a great equalizer and while not free as time is needed to not only apply the
methodology but needed for learning and tools may need to be purchased the alternative is to do
nothing in hopes that digital fades away but more than likely a brand failing to use digital techniques
will most likely disappear. A business needs to think of their digital
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Retirement Benefits For Small Businesses
Retirement is a major life event. Many people are living in retirement well beyond 20 years. For this
reason, planning for retirement is vital. Unfortunately few Americans are saving adequately for their
retirement. Reports reveal that a startling 68% of working–aged people, age 25–64, do not
participate in an employer–sponsored plan. One reason for this is because a large number of
Americans work for small businesses that do not provide retirement benefits. Small businesses are
not required to provide retirement benefits to their employees. Owners of small businesses may feel
overwhelmed with the responsibility of choosing a retirement plan that will be appropriate for the
company and their employees. There are two main types of retirement plans: the "defined benefits
plan" and the "defined contribution plan". Knowing the options for small business retirement plans
and understanding the difference between them will help to make the decision making process
easier. Details Defined Benefits Plan The Defined Benefits Plan, also known as the "traditional
pension" or "pension plan", identifies the specific benefit that will be payable to the employee at
retirement. Certain factors such as the number of years an employee works for the employer and the
employee's salary are factored into a formula for this basic retirement benefit. An employee
generally receives a set monthly amount upon retirement. This monthly income is guaranteed for the
duration of the retiree's life
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Businesses and Proprietorship
Businesses are started every day, and each one is different in its own special way, but no matter what
type of business it is, a sole proprietorship, a general or limited partnership, a C or S corporation, or
a limited liability it will still be affected in some way by seven basic characteristics. The
characteristics of business; liability, income tax, longevity or continuity, control, profit retention,
location, and convenience or burden. In this paper a description of each business type and how they
are affected by the seven characteristics of business will be given, showing the clear advantage and
disadvantages of each type of business.
Sole proprietorship
A sole proprietorship is a business that has no legal separate existence from its owner.
The characteristics that are the greatest advantages to this type of business are its freedoms. A sole
proprietorship has complete control and decision–making power over the business. There are no
corporate tax payments and profits are not shared; however income and losses are taxed on the
individual's personal income tax return.
And this brings me to the disadvantages of owning a sole proprietorship. Liability is the biggest; it
falls solely on the owner of the business. In the event that penalties or debts have to be paid,
payments come from the personal assets of the owner. The burdens that come with maintaining the
business and the standards of it fall on the owner despite the number of employees. The success of
the
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Social Media And Its Effect On Small Businesses And Home...
3. Area of research.
Social media platforms were few since it started to show in 1998, it grew extremely expeditious.
Moreover, now, Facebook had 1.79 billion active users monthly while Instagram has 500 million
active users answering the effectiveness of social media platforms in general. Also, in Kuwait, there
is a rapid evolution regarding social media effect on small businesses and home businesses.
Moreover, a great response from the customer 's side as well. Reaching the customers and targeting
the new generation lead the marketers to utilise the benefits of social media. Building a name for a
new brand meet some challenges, and the challenges of brand recognition with a small capital to
start a new business, from an unused room in ... Show more content on Helpwriting.net ...
Also, the study aims to expand on the properties available on the social media platform Instagram.
Besides, how the business owners use the features on Instagram to promote their accounts.
Exploring and sorting the challenges experienced by retailing business owners using social media
channels to promote their products and services. Also, the most engaging and efficient social media
channels to both customers and the home business owners.
5. literature review
In this research the main areas are, to evaluate the effectiveness of using social media platforms as
well as, the digital marketing methods utilised by the owners of the small retailing businesses and
home business in the state of Kuwait. Also, to identify and classify the key issues for such e–
commerce companies, and the Regulations from Ministry of Trade and Industry for this kind of
online–stores.
Common Social Media platforms used in the State of Kuwait
In the last 15 years, social media platforms are perceiving as becoming various actual perspectives
around the Arab world, and in particular, in Kuwait, it has been noticed that social media that
enhance the quality of life of people moving it to another aspect where people use certain platforms
for such need. In addition to Business profitability and governmental interaction with the society.
Users do, However, the
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Cultural Strategies for International Businesses
1. Wade (2004) highlights some of the pitfalls of doing business internationally. As cultures can vary
significantly from one region or country to the next, it is important to understand some of these
differences and how they affect the process of doing business, or even just basic communication.
There can be differences even between regions within a country (i.e. Ontario vs Quebec; New
England vs. the South) so it is important to understand the cultural dynamics of each area before
doing business there. In Wade's article, he highlights some superficial issues like punctuality, gift–
giving, and gestures. Wade also outlines some of the more critical issues that are seen as deal–
breakers. These include differences in individuality levels between different countries, and how
those affect doing business. For example, Americans are accustomed to making their own decisions,
whereas in less individualistic cultures individuals are not empowered to make decisions and
therefore work more as a collective. This affects many aspects of the negotiating process between
different cultures, including the meaning of meetings and punctuality. The different viewpoints on
formality are also highlighted as major differences that can cause issues in international business,
especially because there is a substantial gulf between formality levels of Americans and business
leaders in most parts of the world. Especially during the negotiation process, there are significant
differences around
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Cultural Influence on International Businesses
Running head: Cultural Influence on International Businesses
Touro University International
Wendell K. Speegle
MGT 501
Module One: The Nature of Organizations and the Contemporary Environment
Dr. Donna DiMatteo
Abstract
Culture will play a major part in the dynamics of the way we operated in international business
circles. Managers today will need special skills in order to meet these challenges. Language
differences, culture awareness, and management skills are necessary for success. These challenges
often lead to a debate in which is better for a company, expatriate or foreign national workers. There
are pros and cons to the use of each, but it will depend on several factors to which managers will be
better suited for the challenge of ... Show more content on Helpwriting.net ...
This may seem odd to many Americas, however if meeting with a business partner in Kuwait it
would be extremely offensive not to undergo this practice. This could therefore chill the whole
meeting, dooming it from the beginning.
The future success of doing business abroad depends on global managers having the necessary skills
to bridge cultural differences (Song, 2002). Already stated is the hurdle of language. The ability to
be multilingual is the strongest advantage in today's global market. One way to overcome this
shortcoming it to place greater importance on our education systems in the United States
encouraging students to become proficient in one or more languages to be better prepare them to
compete in international markets. In addition to language abilities, the knowledge of the culture
were business is taken place and aware to practices of local customs within the scope of interfacing
with clients.
As well as the language and cultural awareness, strong managerial skills will be needed for success.
Managerial skills that include and are not limited to the ability to understand the culture, and most
effectively create a positive work climate for maximum productivity of the products or services.
Mangers will need the skills appropriate in motivating the work force. Flexibility and the ability to
adapted style with culture is a trait that must be developed with training and practical
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Market Orientated Businesses
FACULTY: Original Work – 25th October 2010
NAME: Daniel Crickmore
Discuss, with reference to current authors, what is meant by a "marketing orientation" and/or a
"marketing oriented company." Illustrate your answer with examples of products or brands of your
choice.
"Because the purpose of business is to create and keep customers, it has only two central functions –
marketing and innovation. The basic function of marketing is to attract and retain customers at a
profit." (Dricker. P.E. (1999) Taken from Principles and Practice of Marketing 6th Edition, Page 3,
McGraw–Hill)
Today's society is always on the look out for the next best product, the next best brand and the next
best style. For businesses all over the UK, and ... Show more content on Helpwriting.net ...
Marketing is mainly all about the four P's; Price, Place, Product and Promotion (Hall. S, Jones. R,
Raffo C, Anderton. A (2008) Page 190–192). Having the right mix is essential for any business
operating in highly competitive markets. Your mix must come from the research and classification
of that research to determine exactly what your market wants from your brand. A fantastic example
of a business that has got this right time and time again is the famous brand of Cadburys. "Cadbury,
a brand known and loved around the world, had humble beginnings." (www.bbc.co.uk, Accessed on
15/10/2010) Having such a huge influence within the UK market, as many brands do, (Kunde. J
(2002) Page 22) Cadburys needs to ensure their marketing mix is 100% right. Their Pricing is set
along side other competitors such as Galaxy, Nestle and Mars meaning they are all directly
competing for the quality of the products. To ensure quality remains high, yet costs are kept low,
Cadburys can rely on economies of scale due to the size of their business, and therefore can
maximise its pricing competitiveness within its market. Being such a large corporation, Cadburys
has a vast array of products from; Hot Chocolate, Cream Eggs, Chocolate Bars, Jelly Babies and
many more. All of their Products are well known throughout the UK due to their quality as well as
the companies brand image. When it comes to Place, Cadburys is in every corner
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A Report On How 2 Businesses
¬¬Introduction In this report I will be comparing 2 businesses. From Group A, I have chosen to do
social networking site Twitter, and from Group B, I have chosen furniture and electronics retailer
Harvey Norman. Twitter, Inc. is a social networking website founded on the 21st of March, 2006. Its
headquarters are in the well–known Silicon Valley, San Francisco, California, but it has more than
25 offices across the globe. The current CEO is Dick Costolo, alongside founder Jack Dorsey, who
is the Chairman. The management is structured into several different divisions: Product, technology,
finance, communications, government relations and trust & safety, engineering, human resources,
international, corporate development and global revenue. ... Show more content on Helpwriting.net
...
Business mission and prime function Social network site Twitter's mission statement as listed on its
website is 'To give everyone the power to create and share ideas and information instantly, without
barriers.' From this statement, it can be assumed that one of Twitter's main purposes is as a platform
for free speech. This has proven to be correct, with twitter becoming a platform for individuals to
start uprisings and revolutions, as well as to criticise those in power. Twitter has consequently been
blocked in many countries whose governments are opposed to free speech. Twitter has been key in
the ability for ordinary people to keep up with the lives of celebrities, with a system of people being
able to send out messages called 'tweets' to twitter users who 'follow' them. Twitter users have the
ability to 'follow' people, these 'followers' will have a feed that lists 'tweets' by the people they
follow. This gives the ability for companies to market their products to target audiences by
'promoting' their accounts and tweets. Harvey Norman's primary function is to sell goods to the
community to improve quality of life. Franchises are the largest source of revenue for Harvey
Norman Holdings Ltd with 4.77 billion dollars just from franchise sales in 2014. A large company
such as Harvey Norman would be expected to have a mission statement, considering its high sales
and revenue, as well as its large
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Different Types of Businesses
Business Scenario
As discussed there are three different types of businesses, sole proprietor, partnership and
corporations. With these businesses come many advantages and disadvantages that one will have to
determine will best suit their own lifestyle. Starting a business is something very serious to plan and
make sure you have the necessary financial backing to keep it running, and have the legal
knowledge to keep yourself and organization covered. Lastly, if you have the knowledge and
product you know something about and have the background the business could become successful
and the more know how could make running a business less stressful.
Starting an adventure in opening a company will take much thought, planning, financial ... Show
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Taxes for a corporation are doubled; you will have tax at the corporate level and then taxed again on
the dividends paid to stockholders and many financial reports (IRS, SEC, etc). Since the corporation
has its own existence, it pays taxes on its own income, then with giving oneself an paycheck, you
get taxed on your income also. (Poznak 2010, Ebert & Griffin 2005) Any business endeavor is
risky, whether it being a sole proprietor, partnership or a corporation. The need for which type of
business to start, would be the need for health and life insurance. Proper planning and knowledge
would be key to avoid any pitfalls. (Poznak 2010) The business type most likely to succeed would
be a corporation. As a corporation you have more talent, more ideas, and more financial backing.
With a corporation, I could get the financial and managerial help that I need to succeed in my
product, business, and growth. I will also have more resources to help finance my backing and have
more liable coverage in insurance, lawyers, and accountants. Also with any company, I could
trademark and copyright my product. To start a corporation will take much time, determination, and
will–power. This will not be an easy task but one that will have patience and support of family and
friends.
References
Ebert, R.J., & Griffin, R.W. (2005). Business essentials. Upper Saddle River, NJ: Pearson
Prentice Hall.
Poznak, JL. (2010). Doing Business as a Sole Proprietor.
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The Importance Of Small Businesses
{Websites for Businesses– A Must Read for Small Businesses|Why Small Businesses Need to have
Websites|What Small Businesses Ought to Know About Websites} {If your business does not have
an online presence today, you are missing out on so much.|If up to now you have not yet established
your presence on the internet, you are losing great opportunities for your business.|If by now your
business does not have a presence online, it is losing potential business.} {Regardless of the size of
the business or its age, an online presence is essential in the modern economy.|Despite the size and
age of a business, it is important for it to be established on the internet.|However small or young a
business is, it is essential that it establishes its online presence in today's marketplace.} {The internet
is like a shopping mall with over a million stalls and you must open your shop in this mall to expose
your business to the world.|The internet can be compared to a shopping mall that contains over a
million stalls and each business must seek to get their space.|The Internet is comparable to a
shopping mall that holds over a million stalls and all business must claim theirs.} {This is the case
because people nowadays prefer to window shop on the Internet before engaging a company for its
products or services.|This is so because today, people like to go through products and services on the
Internet before consulting their companies.|This is so because many people like to window shop on
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Impact Of Big Businesses Dbq
Big Business/Reaction DBQ The Gilded Age was the period of time from 1870 to 1900 where big
businesses grew immensely in number, size and influence. In order to analyze how much of an
impact these big businesses made, one must assess how much the economy and politics changed
because of them. Economically, big businesses influenced prices in different fields, not only their
own. Politically, big businesses gained control of aspects in the government and played large
influence in it. As a result, Americans reacted through rebelling against these big businesses.
Therefore, the expansion of big businesses after the Civil War led to them gaining more control over
the economy and politics in the nation, which caused a numerous amount of strikes ... Show more
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Most people were angry with railroad owners because of how they treated their employees and were
too powerful. (Doc B) This resulted in strikes such as the great railroad strike of 1877 where it
began with employees from the Baltimore and Ohio Railroad company that were angry with them
for several reasons but led to many other employees across the nation striking against their large
business employers. Furthermore, employees were extremely angry with working conditions and the
way in which they were being treated by their large employers and demanded better conditions.
(Doc G) One iconic group that came out from this was the American Federation of Labor which was
a combination of various unions looking to find better wages, working conditions and and hours for
workers. However there was a positive thing that came out from the big businesses which was the
creation of department stores. (Doc I) The creation of department stores made it easier for
consumers to find everything they need all in one spot. As you can see, there were mixed reactions
about big businesses although most were
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Chad and Dad- Businesses
Chad and Dad
The types of businesses that a handyman business can consist of are including a sole proprietorship,
limited liability corporation (LLC) or S Corp. A sole proprietorship is when it is owned and operated
by the same human being. Some of the advantages of a sole proprietorship is that it is more
complicated than a regular corporation. It is less expensive to start up and can be formed without the
hassle of the tax standards that most regular corporations face. The owners don't have to file
business tax report. They in turn file their business information within in their own tax report, so this
makes the rates taxed on personal income. The owners can hire employees which can help expand
job creation. Their spouses can become employed without even trying and even married couples can
start sole proprietorship together. Lastly, in sole proprietorship the owner is in total control and can
make changes to it at any given time. The disadvantages of a sole proprietorship is that liability is
something that the owner is responsible for and problems or financial problems. As for the taxes, the
owner has to also pay self–employment taxes. There is no continuation of ownership if something
happens to the owner. Lastly, there can be issues to raise or increase capital.
Limited liability partnership is when a business provides protection for the partners involved against
negligence of partners in the business. Some of the advantages is that it provides the limited
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Small Businesses In The 1800s
Starting in 1776, the United States was born a nation, which was run only by small businesses.
Small businesses were made up of one to about fifty people and production was slow due to a lack
of technology and capital. All small businesses were done by hand labor, which could take weeks to
produce a product for the consumers. Many small businesses only had one specialty that they were
focusing on producing because of such slow production and not enough money to produce several
different products. Most small businesses were low supply with a high demand that raised prices
high so only higher–class people could afford their goods. This created a demand for bigger
business expansions so that more products could be produced faster and cheaper. ... Show more
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After the civil war in the mid 1800's demand for products increased and the only way to fill the high
demands were to create big businesses, which created more jobs and allowing companies to produce
more products at a lower price. Businesses grew because of high demand so companies were able to
get better technology to put out goods faster and they had the capital to do so because of consumers
were willing paying for what they want. The U.S. started out by running on small businesses but
later grew on big businesses with higher supply to fill all consumers high demands making profits
like never before. In the early 1800's small businesses were a big part of the United States history.
Businesses were small because they served a small market of people, with many small businesses
owed by several different companies producing products in many areas. All small businesses were
run by hand labor with the lack of technology and no machines at the time. There were several
major types of small businesses throughout the 1800's including; farming, blacksmith, railroad, and
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The Role Of Businesses In The Political Process
In this day, the United States continues to debate over what it means to be a citizen, who are seen as
citizens. One of these topics, which seems to be overlooked by most, is the role companies should
have in the political process. Citizens are usually thought of as separate individuals, and so how
businesses, which are made up these separate individuals, are affected by the same government is
often forgotten. And from this comes the question of whether or not businesses should have a say in
the political process. While it is a controversial topic concerning the extent of the role businesses
should have in society, there is reason to believe businesses should be able to have a say in the
political process because they are affected by the government ... Show more content on
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When speaking of businesses, the thought of how it is made up of individuals with their own lives
and are all being affected by the law is often forgotten. But recognising this fact shows why they
should have the right to express their opinions. Not only should it be their right to have a say in the
political process, but businesses have the potential to benefit society through their involvement.
Finally, when it is further analysed, it can be worth a thought that the political involvement of
businesses is not that different from any other citizens ability to provide their
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Cloud Computing And Its Benefits For Businesses
The term 'cloud computing' gets tossed around in media and business settings, and while everyone
seems to know generally what it is, not everyone is aware of how to use it, much less how to
implement it in a safe way that still enables it to provide the full benefits of storing data in the cloud
versus storing and managing it on–site. Cloud computing has many benefits for businesses, such as
allowing them to store information and be managed by an outside company, which eliminates the
cost and effort of a company having to buy servers, install and configure them, and then hire IT staff
to continue to maintain them. According to a study of over 1,300 U.S. and U.K. businesses, 88
percent reported that they saved money using cloud services, ... Show more content on
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This further involves knowing exactly what options exist to host data. Cloud servers can be split into
public, private, and hybrid servers, all of which provide different benefits (businessnewsdaily.com).
Public Cloud Public cloud services are offered by companies that build external platforms that host
multiple users, meaning the infrastructure is shared by all the users. The benefits to this model are
that individual users don't have to worry about many of the details that would plague an in–house
server. Public cloud services manage the site security, as well as content management tools. They
also are constantly updating, allowing for seamless transition between different and new
technologies. Private Cloud A private cloud refers to an in–house cloud system that is set up and
maintained by a companies own IT staff. This provides a company with the flexibility to manage all
of the details of their data storage which they could not get with a publicly–hosted cloud. On the
downside, this is more expensive to maintain and requires the cost of buying the physical
infrastructure. Hybrid Cloud A hybrid cloud system, as the name suggests, combines both the public
and private cloud servers models into one integrated system. For example, a company may choose
to host some more sensitive types
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Types of Businesses
What is Agency? Agency can be described as the fiduciary relationship involving two parties in
business with one being under the control or obligation of another. In this case, the relationship
involves an agent who is obligated to or under the control of the other party i.e. the principle. An
agency is usually created when a principal requests a person to make delivery as an agent through
the establishment of a contract. In most cases, this kind of partnership between a principal and
agency is usually imposed through agreements reached by the power of attorney. Types of Agents:
These types of agents include general agents, special agents, co–agents, and universal agents (Smith
& Osborne, par, 2). The other types of agents are servants, independent contractors, sub–agents or
sub–servants, and sub–contractors. The general agents have a slightly limited scope but the
capability of making some independent decisions while universal agents have wide scope and ability
to make all decisions on behalf of principals. On the contrary, special agents are only used in special
situations and make decisions in certain circumstances. Types of Principals: Similarly, there are
different types of principals in this partnership i.e. disclosed principal, partially disclosed principal,
and undisclosed principal. The disclosed principal is one whose identity and existence are known
while partially disclosed principal is one whose existence is known but identity unknown. On the
contrary,
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Design And Implementation Of A Businesses
Real Paper
Server Proposal for Worldwide Advertising, Inc. (WAI) The design and implementation of a
businesses' network can play a major role in the success of that business. This proposal will outline a
technical solution to provide Worldwide Advertising Inc. (WAI) with a flexible and reliable IT
infrastructure to meet their needs for the next 2 to 3 years. As both sites in Los Angeles and New
York are already connected through an IPSec VPN tunnel our recommended proposal will include a
solution for WAI's core IT services, application services, active directory services, and file and print
sharing.
Server Deployment All servers throughout the enterprise will be deployed with Windows Server
2012 Standard Edition. Plus, all servers ... Show more content on Helpwriting.net ...
While, the initial implementation will use the full GUI installation of Windows Server 2012, the
overall summary of the planned enterprise with an IT team is incorporated in the table below: Site
Server 2012 Core Server 2012 Full GUI Standard
Los Angeles Active Directory, Domain Controller, DHCP, and DNS File & Printer Server, SQL,
Exchange, and IIS Web Services New York Active Directory, Domain Controller, DHCP, and DNS
File & Printer Server
Each site will be configured in an identical manner to aid with the ease of deployment,
configuration, and administration. Utilizing the Windows Server 2012 Core installation will be ideal
for the infrastructure servers running the Domain Controller, Active Directory, DHCP & DNS
services. Additional servers will be configured with Windows Server 2012 Standard Edition Full
GUI installation to provide greater flexibility for current and further application utilization. They
will also be able to provide File & Printer services, as well as Web services through the use of
Windows IIS. Windows 7 Professional should be the operating system deployed across all
workstations. On top of the 90 workstations already being allocated, additional workstations should
be purchased for unforeseen issues and new hires. In order to ensure that each workstation is the
same and can be deployed quickly, a WAI image should be created and maintained using Windows
System Image Manager.
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The Basics Of Accounting For Small Businesses
A major aspect of owning a business is following certain standards set by your state legislature.
Today, businesses have the obligation of accurately reporting their sales and finances. It is essential
for businesses to file the correct report, tailored to your business, in order to succeed and keep track
of your company's finances. Furthermore, with regulations and laws set in place, it is important to
know the standards that are set and to abide by them. A portion of business ethics is being
transparent and allowing your reports to truthfully represent the financial position of your business.
According to the article, "The Basics of Accounting for Small Businesses," a financial report is an
analysis of the financial data recorded in the ... Show more content on Helpwriting.net ...
Garcia explains that keeping track of inventory is significant due to the possibility of the food
decaying. Inventory reports provide managers with measures to calculate the quantity of profitable
food items. Garcia states that "restaurants operate on a fairly thin profit margin." Therefore, it is
important to make reports such as, the income statement and statement of cash flows to know
whether the restaurant is making a profit and whether these profits are accrual or actual cash
revenues. Another report that Garcia goes over is debt reports. Garcia discloses that much of the
capital allocated for a restaurant is usually loans. She feels that it is important to calculate whether
the restaurant is able to pay off its debts. Garcia presents that a superior strategy to examine whether
the business is capable of paying off its liabilities is by calculating the current ratio. The current
ratio is computed by dividing the amount of total liabilities by the amount of total assets (Garcia).
There are certain regulations that come along with financial reporting. One of the guidelines used by
Americans is the Generally Accepted Accounting Principles (GAAP), which are made by the
Financial Accounting Standards Board (FASB). According to authors Harrison, Horngren, and
Thomas, accounting is used to reveal information about a company to its investors, lenders, and
creditors. They also convey that the information
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Industrialization Causes Corruption in Businesses
"No man can be a good citizen unless he has a wage more than sufficient to cover the bare cost of
living, and hours of labor short enough so that after his day's work is done he will have time and
energy to bear his share in the management of the community, to help in carrying the general load.
We keep countless men from being good citizens by the conditions of life with which we surround
them. We need comprehensive workmen's compensation acts, both State and national laws to
regulate child labor and work for women," said 26th president of United States Theodore Roosevelt
as he was explaining how industrialization had ruined people's lives ( Colby 515). Industrialization
is defined as the large–scale introduction of manufacturing, advanced technical enterprises, and
other productive economic activity into a society. Industrialization is a huge aspect of society and
especially in America. After the American Civil War in 1861, a lot southern plantation owners were
living in poverty because they lost their land. Emancipated slaves were also living in poverty
because most them didn't have a job, but as industrialization grew in America, more people were
attracted to the cities up North. A lot of southerners and emancipated slaves traveled up North
because of job opportunities. But this proved to be a horrible mistake. These people were working in
gruesome conditions and were exploited. So the question is, what does industrialization do to a
society? Industrialization causes
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Essay on Obamacare and Small Businesses
Obamacare and Small Businesses
Adverse Effects
Obamacare seems to have a plethora of negative elements attached to it. When it comes to small
businesses, Obamacare might potentially have an adverse effect on the employers and workers.
However, at this time we cannot do anything for fellow citizens that are feeling the emotional and
monetary distress that they're enduring as a result of Obamacare.
There is a possibility Obamacare will have a negative impact on small businesses. Attributable to the
anticipation of Obamacare, small businesses have already started replacing full–time employees
with part–time employees. In anticipation of Obamacare, employers need to decide what the most
effective economic choice is for his or her business. ... Show more content on Helpwriting.net ...
Small businesses with more than 50 full–time employees with an average annual wage above
250,000 must provide health coverage to full time employees come 2015. This is sometimes called
"The employer mandate". (Obama Care Facts). Obamacare employer mandate could be a downfall
for the most non progressive future for many businesses. Not only will businesses have a hard time
flourishing, but the new requirement makes it more expensive for businesses to hire workers in the
future along with reducing full–time employees to part–time employees. In anticipation of
Obamacare, employers will need to decide what the most effective economic choice is for his or her
business. The business will have to insure their employees and may qualify for a tax credit or pay a
2,000 penalty a year for each uninsured employee. Obamacare will give small businesses tax breaks
and credits to cover small businesses cost increase. Whereas ninety six of employers won't pay
further taxes, there is an increase to the current Medicare Part A, paid by 3% of businesses and
employees making over $200,000. There is also a requirement for employers with the equivalent of
over 50 full–time employees to obtain health insurance for their workers or pay a penalty by 2015.
Employers will have the option of providing health insurance coverage for all of their workers or
paying a penalty ("Opposing employer mandate"). Employers that offer coverage must meet a
minimum benefit and contribution requirement
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Summary Of Businesses And Busy Beings
Businesses and Busy Beings: Exploring Hartford's Purpose
Janette Sadik–Khan, author of Streetfight and previous New York City Department of
Transportation commissioner, conceptually frames the discussion of downtown Hartford's purpose.
Sadik–Khan's ideology is based on the idea that one can redesign and transform city space while
reducing traffic and improving ease of access–in the streets–to all citizens. A walk through Hartford
in Sadik–Khan's perspective would include, agreeing with negative, "urban renewal" programs that
destroyed old buildings–and the neighborhoods with them–in the name of progress and for buildings
in their place cold, sterile high–rises set back on superblocks, sucking life away from the street" (9).
This quote, ... Show more content on Helpwriting.net ...
Sadik Khan mentions, "For lunch we'd grab deli sandwiches and bring them back to the office.
There was nowhere and no reason to sit outside" (17). The city would benefit from the seating
outdoors to enjoy the views from the manicured lawns of Hartford's Old State House, try foods from
the different food truck vendors and marvel at the unique architecture of the "Boat Building" at
Constitution Plaza. The population who be able to take advantage of the opportunities that Hartford
has to offer, and would not be stuck behind closed doors. Rather, people in Hartford, would be able
to use the welcoming outdoor lounging areas, as Sadik–Khan references, "a place where people
wanted to be" in her words, "Workers in nearby buildings brought lunches to the tables sheltered
beneath the plaza's umbrellas with coffees and snacks purchased at local cafés and food trucks. The
transformation was fast–a couple of weeks–and easily integrated into the neighborhood" (Sadik–
Khan, 82). In other words, the outdoor space will be greatly utilized by both the working population
and also the students at the nearby schools and universities. A transformation to the space will
quickly encourage others to enjoy the new open–air additions and will accommodate the city
community. The older facade of the unused, blank streets will not be missed.
As seen through the congested streets of Hartford, the dominating factor in
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Forms Of Businesses By Edgar Llamas
Forms of Businesses Edgar Llamas Business 101–30D September, 21 2014 Opening a business
might seem like a difficult task to achieve. With many different forms, how is one to decide which is
the best? People cannot start any type of businesses without know the five basic forms of businesses
in the world. Whether it is to be your own boss, or to partner up with another person. It is an
essential to know all the facts about each type before opening up a business. It is critical knowing
what each form of business is, the startups, disadvantages, and advantages before deciding which
direction to go into. If someone decides they are education enough in the business they are opening,
sole proprietorship is the way to go. The most common and easiest from of business is sole
proprietorship. Now what exactly is a sole proprietorship? A sole proprietorship is a business ran
exactly by one person. Just about anyone can do this, for example someone can be selling their own
personal artwork. This might not exactly be a business, but that single person is running it, and is
their own boss. Seen in the eye of others this will be seen as a sole proprietorship. Next is the
formation of a sole proprietorship. Starting a sole proprietorship is not difficult at all. A name must
be registered, which is not a hard task to accomplish. Then the business must be registered and
receives a license and or certificate. Finally a small tax must be paid, which will not be a significant
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The Purpose, Impacts And Responsibilities Of Businesses
The Purpose, Impacts and Responsibilities of Businesses
Aziken Ifeoma
P14128621
MSc Engineering Management
Green Business (ENGT5219)
2 March, 2015
SUMMARY: GREEN BUSINESS
The need for businesses to adopt a sustainable approach to the creation of goods and services has
become paramount in recent years as pressure to employ strategies that reduce or remove negative
effects on the environment increases.
In order for a business to successfully implement a sustainable approach to the provision of goods
and services, they would have to take a critical look into the different aspects of day to day business
operations, assessing these operations and re–modifying them to achieve standard sustainable
practices.
Sustainability is a broad term and involves the integration of a host of strategies to achieve a desired
outcome with regards to the way businesses operate. Strategies such as, green technology, eco
manufacturing, eco machining, clean production and so on, have to be employed to alleviate
environmental concerns such as pollution, material toxicity, greenhouse gas emissions and much
more.
The challenge now for businesses is to redesign processes and practices that will result in less
environmental and societal degradation, but at the same retain or increase their share in the global
market.
CONTENTS
SUMMARY: GREEN BUSINESS 2
CONTENTS 3
INTRODUCTION 4
Businesses: Why do businesses exist? 4
IMPACTS OF
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Stop Burdening Small Businesses
Stop Burdening Small Businesses
As the foundation of the U.S. economy, small businesses employ 50 percent of the U.S. population.
In 2010 the U.S. Census reported 27.9 million small businesses categorized by size (20–499
employees). Accounting for 64 percent of the net new jobs created between 1993 and 2011 and since
the recent recession, from mid–2009 to 2011, small firms accounted for 67 percent of the net new
jobs ("Employment Statistics | SBA.gov," 2014). Unfortunately, rising costs and inefficient
economic policy threaten the basic building block of our economy. This ordinance further
compounds the economy's sluggish recovery. Repelling this ordinance is the first step towards
removing unnecessary financial burdens.
Rising Costs
The cost of operating a small business is at an all time high. Squeezed from every angle the biggest
contributor of jobs and wages is forced to contain hiring, offer lower wages, and reduce benefits. At
the core, increases in oil, commodities, and utilities force small businesses to absorb cost while
simultaneously passing marginal price increases to consumers. Although marginal, the price
increases hurt the consumer and producer. Producers fail to adequately cover cost and consumers
still cannot afford the product or service. This ebb and flow contributes to a sluggish, stagnant
economy attempting to recover.
Rising Core Costs and Impact
Oil: Riding on the tails of the Arab Spring the price of oil remains high. The Middle East's eternal
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Whistleblowing : Government And Businesses
Whistleblowing in Government and Businesses The twentieth President of the United States once
said: "The truth will set you free, but first it will make you miserable" (Quotes, 2008). When there is
wrongful doing, illegal activity, or unethical behavior happening within a government industry or
business it can be difficult to bring this information out in to the open for the public to know.
Whistleblowers have the difficult ethical responsibility, with a lot of scrutiny that happens as well,
when telling the truth about their findings about a company that is not doing the right thing.
Whistleblowing can create a variety of feelings and ethical perspectives for all that might be
involved or even just witness the process unfold and ... Show more content on Helpwriting.net ...
When companies choose the wrong path to take and default thousands of people at times the
corporations or government loses sight of what is really important for everyone involved or the
general public. "Were it not for these whistleblowers, many companies would have gotten away with
corruption that in some cases led to the public losing money, and in others, potentially their lives"
(Gray, 2012). Those that bring light to problems within a business or government have a lot at risk
including their own job and integrity. The choice in which one needs to make is does one ignore and
put aside what may be happening, or take the stand against what is not right; no matter what may
happen or any consequences or repercussions that may become as result. "It also seems to be an idea
that appeals to common sense and is often regarded, therefore, as one that most people use even
when they don 't realize they are applying a specific ethical theory" (Mosser, 2013). Next, a
whistleblower, use the deontology theory, has to first recognize why the government or corporation
decided to do the wrongful actions. "The deontologist argues that we have a duty, or an obligation,
to treat other people with respect; human beings have dignity, and we must take that dignity into
consideration when dealing with
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Poverty is Useful for Businesses to Prosper
What do you think of when people talk about business? A business textbook, "The Future of
Business", defines a business as "an organization that strives for a profit by providing goods and
services desired by its customers" (McDaniel and Gitman), and following this, there is an idea of
"money" being involved – sometimes "big money". Ever wondered how business giants like Wal–
Mart got to be where they are today? The root of all successful businesses is in its workforce. Now,
thanks to the growing phenomenon known as globalization, businesses in retail are seeking
elsewhere for labor, yet their position in the market grows stronger still. This is because
Multinational retail chains like Wal–Mart prosper from outsourcing labor, by taking ... Show more
content on Helpwriting.net ...
The Independent Institute also asserted in their research, that MNCs give back by creating jobs in
the less developed nations that they supply from (Powell and Skarbeck). While this is true to a
certain extent, MNCs do take advantage of the abundance of cheap labor that is available to them.
For one, most MNCs outsource manufacturing labor in less developed countries with a dense
population and low Gross Domestic Product per capita. For example, the Washington Post reported
that China, with a population of 1.3 billion and growing, is a popular choice for Wal–Mart, and that
at the time of the report, 80% of 6000 Wal–Mart suppliers are in China (Goodman and Pan).
Although MNCs create jobs, MNC factories also have poor safety standards. There are many reports
of poor safety conditions of these facilities, for example, the New York Times reported that a 16 year
old Wal–Mart factory worker in China was found to have hands covered in blisters from handling
dangerously hot plastic molding machines (Barboza). MNCs may be contributing to the economy
but their concern for the welfare of the workforce is very minimal. Wal–Mart themselves have
claimed that they conduct inspections audits regularly to ensure manufacturing facilities are being
run legally and ethically. Their statement is disagreeable as many MNCs, including Wal–Mart,
conduct unethical auditing practices when they source from less developed nations. Firstly, audit
information on
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Why Do Businesses Fail?
Why Do Businesses Fail? A common reason for business setbacks or even failure is market
competition. A rise in a competitor's market share is often synonymous with a loss for others. Such
downturns occur for two main reasons. First, a new competitor with creative products, financial
support and dynamic employees has a competitive advantage over others. Second, more established
companies do nothing to change their strategies in response to the new competition. This essay will
examine four examples of companies facing market competition. It will go on to analyse how the
companies dealt with any problems and conclude with lessons learned from these experiences. The
first example is Adidas, in the late 1980's a company full of ... Show more content on
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Watching your competitors closely is an effective way of retaining your leading position in business,
because it allows for a very quick response (Hui, 2010). The third example involves innovation.
Apple, once a firm engaged in personal computers and music players, now is the largest mobile
phone producer in the world. After the introduction of the first model of iphone to the world in 2007,
Apple's innovation has been paving the way for evermore success. The splendid multi–touch screen,
strong processor and numerous applications, all are innovations which have met customer needs and
been successful. What is more, established producers like Black Berry and Nokia who once were
among the largest mobile phone suppliers have all seen a decline in sales due to the popularity of the
revolutionary iphone. Inventions help businesses further to maintain their leading position in the
market. Finally, long–term planning is crucial if corporations want to maintain success. Gordon
(2010) states "Failure to plan is planning to fail. Developing a continuity plan is the most important
thing you can do to protect the value of your business." It is essential that your business will be
protected by an appropriate plan. Toyota, for example, introduced a hybrid car several years ago
(which has had some success in Japan) and has made a long–term plan make environmentally–
friendly and sustainable cars. Toyota's long–term plan anticipates the exhaustion
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Sprawl and Small Businesses Essay
Sprawl and Small Businesses
During the past 15 years, I have seen my once–rural hometown of Washington Township transform
into a maze of single–family housing developments and strip malls. This type of growth has not
been gentle on the local economy, especially small businesses. Stores such as the mom and pop
hardware store, a local mainstay for many decades, have been forced out of business by the
construction of two Home Depots and a Lowe's within a two–mile radius of the town's main street.
This negative aspect of sprawl has been a trend that has repeated itself nationwide in recent years.
Mega chain stores, or big boxes, are a phenomenon that has spread all over the country, and has
exploded in ... Show more content on Helpwriting.net ...
They thrive on duplicating these qualities in every store regardless of location or demographics of
the area. This conditions consumers to shop at their stores because they know what they are going to
get and feel comfortable going there. For example, when a family who shopped at the Home Depot
in New York moves to Washington Township, they are probably going to shop at the Home Depot
there, rather than the local hardware store.
The conditioning, or "brainwashing" as some view it, of customers is evident in the effect on the
economy of Mercer County. The proprietor of the former hardware store in Washington Township
also owns several other stores in the neighboring towns of Hamilton and Trenton. These surrounding
communities have been developed long ago and haven't seen the recent inflow of new housing and
people that Washington has. Many of the people in those towns are working class and have roots in
their respective communities. These people continue to support the smaller hardware stores, and
business has not been affected after Home Depot and Lowe's moved in.
However, the store located in Washington Township was devastated by the construction of the mega
stores. After speaking to the owner of the store, it seems as if the store's demise was due to the
"brainwashing" of the younger generations. Many of the residents that have moved into Washington
Township during the past 10 years are young, upper–middle class
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Big Businesses And The Gilded Age
United States History
Learning Target 2
Step 2
Describe the relationship between the rise of big businesses and the development of the Gilded Age
in America. Cite both positives and negatives between the two movements. Give specific examples.
The rise of big businesses and the development of the Glided Age in America were connected in
many ways. Many big factories were built around cities in the urban area. This meant that the cities
would grow from all the people moving there to get a job in a factory instead of living on a farm.
People who worked in the factories tried to start a union because they felt they were being worked
unfairly for how much they were getting paid. This was taking place during the Glided Age and it all
began with
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Compensation Issues in Family Businesses
Compensation issues in family businesses
1. Introduction
The contemporaneous business community is extremely challenging and dynamic and the
managerial teams in the organizations are forced to respond to a wide array of threats. Some of the
new challenges for instance include the shifting demands of the customers, the increasing domestic
and global competition or the advancement of technology. All of these challenges are common to the
entire business community and each economic agent has to respond to them in the best possible
manner.
Nevertheless, aside from these generic challenges, the economic agents must also address issues
which are more so linked to their internal features. For instance, a retail company would have to
focus extensively on their pricing strategy; a travel agency would have to focus extensively on
customer relationship management; an IT firm would focus broadly on innovation and a family
business would have to focus on business efficiency rather than family relationships.
The current project then approaches the topic of the compensation dimension in family owned
businesses, through the lenses of the issues which are raised. The nature of the project is one of
research, based on the gradual gathering of data from reliable, secondary sources. The information is
structured as follows:
Definitions of family owned businesses
Statistics of family businesses
Issues with compensation in family businesses
Recommendations to avoid issues
2. The
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Contributions Of Entrepreneurial Businesses

  • 1. Contributions of Entrepreneurial Businesses Contributions of Entrepreneurial Businesses Introduction Entrepreneurial businesses generate wealth for society. A fraction of the wealth that is generated by businesses is retained by the entrepreneurs the lion's share of the wealth is shared by society. For example, consider that the wealth that Bill Gates generated through innovations at Microsoft have resulted in increased wealth for the majority of consumers of Microsoft products. As compensated productivity increases, so does private and corporate wealth. This paper explores the impact of entrepreneurial activity on new product development and process innovations including those associated with niche markets on contributions to communities, and on the contextual economy. New product and process innovations. Entrepreneurs are integral to the development, introduction, and marketing of new products and services. Many of the breakthrough technologies and products that are at the core of American prosperity are a result of entrepreneurial initiative, research, and effort (Rothaermel, et al., 2007). Fundamental discoveries in American universities result in the application of new technologies and the creation of innovative products (Rothaermel, et al., 2007). The nature of scientific inquiry in universities and the Bayh–Dole Act of 1980 foster the commercialization of these new technologies ("Kauffman Foundation," 2012). However, research by the Kauffman Foundation suggests that universities may be slow to get their ... Get more on HelpWriting.net ...
  • 2.
  • 3. Types of Businesses Sole proprietorship Sole proprietorship concern (also known as a sole trader/owner) is the most common and most favored option for individuals who want to establish a small business in Pakistan, or want to start a home–based business. This form of business is used by majority of start–ups on Pakistan, and it is the simplest way of giving corporate face to a small business Formation Following are the main steps to start a sole proprietorship business: · Finalize a business name. · Print basic business stationary i.e. letterheads, visiting cards etc. · Prepare firm's name stamp (a common rubber stamp will do). · Open a bank account in the name of sole proprietor business. The bank manager will require a request letter on business ... Show more content on Helpwriting.net ... Partnership A partnership or firm is established through written agreement between all the partners. The law governing the partnerships in Pakistan is contained in the Partnership Act 1932. Characteristics In Pakistan partnerships are of two kinds: · Registered Partnership · Unregistered Partnership There is no requirement to register a firm, however there are certain benefits of registering a firm. In case of registered firm, the partnership deed is registered with the Registrar of Firms. Unregistered partnership can be dissolved without any formality, however a registered firm can only be dissolved through a written dissolution application to the Registrar of Firms. By definition partnership is a relation between two or more persons who have agreed through a written partnership deed to conduct the business and share the profits and losses of the business according to the terms of the partnership deed. Partnership business can be conducted by all partners or any of the partners on behalf of others. A maximum of 20 partners are allowed to form a partnership. In a partnership firm the partners' liability is not limited and they are fully liable for all claims or law su its against the partnership. Formation Registration of Partnership Procedure and Requirements The registration of Partnership firm is not required by law and there is nopenalty for non–registration. Nevertheless registration can give myadvantages to the firm. ... Get more on HelpWriting.net ...
  • 4.
  • 5. Tax Reform For Small Businesses Executive Summary Tax reform is the crucial component in Government's policy agenda so as to frame more employment, production, and opportunities. It is mostly initiated for the improvement of levy policy in order to implement social as well as the economic benefits. This policy paper explores and suggest tax reforms for small businesses in Australia and also analyzes the various consequences of its impacts in terms of unemployment, poverty, inequality, and on the overall economy. Since much of the emphasis is on taxation and incentives at the same time, this paper also discusses options for providing loans to startups and small scale industries. This policy paper suggests that how Australian Government can transform its legislative system and design its tax for small companies and businesses in such a way to overcome the threats brought forward by the 21st century in order to sustain and promote its social as well as the economic progress. This paper further puts light on the fact that how taxes in regards to small businesses should be lower and whatever taxes are imposed must be paid–up on time. The tax policy should be designed in such a way that it fosters entrepreneurship rather than compensating intrusive tax outlining. Wherever feasible some recommendation has been put forward to streamline the tax plans on small businesses in order to fit taxation system from the frame of Business workouts in this modern era. Introduction/Background It was experienced that ... Get more on HelpWriting.net ...
  • 6.
  • 7. The Problem Of Taxation Of International Businesses The problem of taxation of international businesses was noticed in the 1920s. It was noted that interaction of domestic tax system of two different countries can result in double taxation and in such way negatively affect growth of global economy. International laws were introduced in order to avoid double taxation and support global economy. However nowadays in a much more globalized economy, such international rules create opportunities to minimize or avoid paying taxes in both of the countries the business is established. The states that decided to provide such opportunities are now known as " tax havens" Today, Member of States (MS) and the European Union have put great efforts towards increasing the transparency of financial dealings ... Show more content on Helpwriting.net ... The main difficulty for the policy enforcement agents is that financial havens employ strict financial secrecy that is hard to overcome, plus some MS are also engaged in the harmful practices and thus do not support some of the initiatives. Due to these struggles all the EU agreements regarding tax havens are considered to be rather symbolic in nature. (T. V. Addison, 2008 p.704) Accordingly the main aim of this study is to evaluate the adequacy of the European initiatives on fighting tax havens, money laundering and bank secrecy, and the impact of these attacks on the EU own financial state. This aim will be achieved through explaining the nature of tax havens and analysing the coherence of the past/current and proposed policies introduced by the EU and other international bodies like Organisation for Economic Co–operation and Development (OECD). The research will seek to explain the main struggles that the EU is facing in enforcing policies through collection action problem. Answering these questions should help to construct a remedy recommendations regarding what kind of enforcement powers can be implemented to make the policies compliant. The Research Problem: This essay will briefly explain the most recent policies proposed by the EU and the OECD .All these policies have one thing in common: increase transparency of the financial records and exchange of information between tax authorities. Thus putting all the MS on an equal ... Get more on HelpWriting.net ...
  • 8.
  • 9. Research Paper on Businesses Success In the world today, there are businesses everywhere. There are small, big, unsuccessful, and successful businesses. Many business owners planning affect the success of their business. As said "A man can succeed at almost anything for which he has unlimited enthusiasm" (Schwab). Although some people may think the purpose of having a business is to make money and supply jobs to workers, it is not. The purpose of a business, a successful business, is to supply goods and services to customers. In order to supply commodities and quality service to customers, business owners have to plan a successful business. Everyone knows that with a successful business comes a great business plan. A business plan is a documentation that states the purpose of ... Show more content on Helpwriting.net ... The "free–enterprise" system is to ensure that businesses make decisions about what to produce, how to produce it, and what price to charge the product or service. It is important for businesses to be aware of what their competitors are doing and to find a way to compete by matching or improving on the competitors ' product or service. By making an improvement on the competitors' product or service the business gets more business. While paying attention to the competitors' product and service, it is also important to pay attention the changing of consumers' wants, needs and values and to make the changes before the competitors does. Sometimes being the first business to discover a new product can give another business a competitive advantage. "Competition brings out the best in products and the worst in people" (Sarnoff). A competitive advantage means that a company does something better than its competition. Once consumers purchase a product or service and are satisfied with it, they will continue to purchase the product. It is best to find different locations before opening a business where it might have a competitive advantage. Along with the competition of other businesses comes the competition with the economy. The economic growth of a business is important to research before creating a business because it helps the business grow and prosper. When the economy is doing well there are more people able to purchase from businesses. If the economy is ... Get more on HelpWriting.net ...
  • 10.
  • 11. Structural Considerations : Multimedia Businesses Structural Considerations Multimedia businesses take inputs and through the operations process, these inputs are transformed into outputs in the form of goods and services to be sold for a profit. Organisation and Structure Businesses in the multimedia industry can consider a variety of either private or public organisational structures. Most businesses in Australia are privately owned. The three main types of private businesses are Sole Traders, Partnerships and Private Companies. Business that are owned publically (they are listed on the Australian Securities Exchange (ASX) are called Public Companies. Sole Trader A business operating as a sole trader in the multimedia industry is privately owned by 1 owner. The owner can operate the ... Show more content on Helpwriting.net ... All companies, including those operating in the multimedia industry are controlled and monitored by the Australian Securities and Investments Commission (ASIC). There are two type of companies, private companies and public companies. Each company has a management team called a board of directors. Usually, each director oversees and makes decisions for a section of a company, for instance a finance department. As companies have more shareholders/owners than unincorporated businesses, they are more accessible to capital to expand and upgrade, although there are strict legal requirements to protect shareholders. Private Companies A private company in the multimedia industry has restricted ownership and is not listed on the ASX. Private companies do not list their shares on the ASX but can sell shares privately to a limited number of shareholders who will earn a percentage of the business' income. This allows the primary business owners to have the most control over the business operations. Public Companies A public company in the multimedia industry sells their business shares on the ASX publically. By selling shares on the ASX, the business can have more access to capital and has the financial support of more business owners. Shareholders however don't usually have any say in the business operations.
  • 12. Marketing Marketing is an organisational function that focuses on creating, communicating and ... Get more on HelpWriting.net ...
  • 13.
  • 14. Big Businesses Dbq Near the end of the 20th century, America was changed due to the growth of big businesses and their influence on the nation which include, a modification to the economy due to an increase in labor demand and the shift in power in politics, specifically the senate.The American people had both positive and negative points of view on this sudden shift of power to big businesses. During this time period, the Farmers Alliance helped voice complaints of these big businesses and improved innovations such as agricultural inventions and electrical lightning increased the need for workers. From 1870 to 1899, the cost of living significantly dropped due to inventions such as agricultural innovations and electric lightning which allowed workers to work ... Get more on HelpWriting.net ...
  • 15.
  • 16. The Effect Of War On Businesses The effect of war on businesses Submitted to: Laura Turner Submitted by: Sarah al–waedh June 8, 2015 Table of content Executive summary. Introduction. Brief history of the Iraqi war. Negative effects of the war on business in Iraq. Positive effects of the war on businesses in Iraq. Conclusion. References. Executive summary The report looks at the effects that the Iraqi war has had on businesses in the country. It examines in summary the Iraq war itself, when it started, who started it and why it was started. The looks at the negative effects that have been caused by the war which include: security, lack of transparency, corruption, a banking system that is unequipped, issues with intellectual ... Show more content on Helpwriting.net ... War is an armed conflict between societies which high rates of mortality and destruction. According to Šmihula D. (2013) war is part of the human nature that spans from our ancestors. Brief history of the Iraqi war The Iraq war started as an invasion in 2003 by the United States in an attempt to free Iraq from the Ba'athiest government of Saddam Hussein and later turned into an armed conflict. It was initially started by the United States, United Kingdom, Australia and Poland. It is estimated that 151,000 to 1,033,000 Iraqi nationals were killed in the war in a period of between 3 to 4 years of the war. After the fall of Saddam Hussein the country there was a power vacuum in Iraq which resulted in sectarian violence that was widespread between Sunnis and Shias. There was also a heavy and lengthy insurgent that targeted the United States and its allied coalition forces. Despite the continuation of the armed conflict in Iraq, the United States officially withdrew from Iraq in 2011. The war was is also known as the second gulf war or the occupation of Iraq. Negative effects of the war on business in Iraq
  • 17. Wars have a very big impact on business worldwide. These effects are both positive effects on business and negative effects. Due to the prolonged period of war in Iraq, it is ranked by the World Bank as one of the worst places to do business in the world. The war had a big impact on the ... Get more on HelpWriting.net ...
  • 18.
  • 19. Bureaucratic Businesses And Virtual Businesses Of The... Bureaucratic Businesses and Virtual Businesses of the Online Age As the world comes to the end of another calendar year, opportunities and breakthroughs for improved technologies continue flooding the desks and labs of technical and electrical engineers, scientists and the like. According to Lisa Kimball (1997), author of Managing Virtual Teams: "New technology requires us to rethink these dynamics because we don't have the option to use familiar approaches. It gives us an opening to change the way we manage the people and work process in general" (p. 2). More than ever before, consumers are shopping online and changing the way their daily tasks are completed – tasks such as bill paying and education and business meetings – by completing them in a virtual environment. The intent of this paper is to explore the methods of a virtual business – such as www.amazon.com – and the methods of a traditional business with brick and mortar in a geographical locale. As one of the most famous international virtual retail stores, Amazon has never had a physical shop. Browsing is done at the click of a mouse and questions are asked and answered via phone, instant messaging (or "chat") and/or e–mail. Amazon is known as an international American electronic commerce company, headquartered in Seattle, WA. Founded on July 5, 1994 and launched in 1995, Amazon started as a bookstore. Jeff Bezos, the founder, called it "regret minimization framework" (pg. 1) which described his efforts to fend ... Get more on HelpWriting.net ...
  • 20.
  • 21. Training And Development Small Businesses Assignment 1: Training and Development Small Businesses 1 Assignment 1: Training and Development in Small Businesses Darlissa S. Robinson Strayer University BUS 407: Training and Development Professor Kelly Thornton January 30, 2016 Assignment 1: Training and Development Small Businesses 2 Introduction As a Salon owner I have been asked to come to Creative Styles Salon which is located in Virginia Beach, Virginia to provide a consultation and training and also to create a comprehensive training proposal for the Salon. As you can see a small business such as a hair stylist/salon can use social media and digital marketing to increase brand awareness and grow a loyal following by creating, curating, and sharing content as well as engaging in meaningful conversation with their audience which in turn can lead to future growth and sales. The power of networking has long been known by business and now it is time to apply that same thinking in the digital space in order for small business to compete against larger outlet stores. When used properly digital marketing and social media can be a great equalizer and while not free as time is needed to not only apply the methodology but needed for learning and tools may need to be purchased the alternative is to do nothing in hopes that digital fades away but more than likely a brand failing to use digital techniques will most likely disappear. A business needs to think of their digital ... Get more on HelpWriting.net ...
  • 22.
  • 23. Retirement Benefits For Small Businesses Retirement is a major life event. Many people are living in retirement well beyond 20 years. For this reason, planning for retirement is vital. Unfortunately few Americans are saving adequately for their retirement. Reports reveal that a startling 68% of working–aged people, age 25–64, do not participate in an employer–sponsored plan. One reason for this is because a large number of Americans work for small businesses that do not provide retirement benefits. Small businesses are not required to provide retirement benefits to their employees. Owners of small businesses may feel overwhelmed with the responsibility of choosing a retirement plan that will be appropriate for the company and their employees. There are two main types of retirement plans: the "defined benefits plan" and the "defined contribution plan". Knowing the options for small business retirement plans and understanding the difference between them will help to make the decision making process easier. Details Defined Benefits Plan The Defined Benefits Plan, also known as the "traditional pension" or "pension plan", identifies the specific benefit that will be payable to the employee at retirement. Certain factors such as the number of years an employee works for the employer and the employee's salary are factored into a formula for this basic retirement benefit. An employee generally receives a set monthly amount upon retirement. This monthly income is guaranteed for the duration of the retiree's life ... Get more on HelpWriting.net ...
  • 24.
  • 25. Businesses and Proprietorship Businesses are started every day, and each one is different in its own special way, but no matter what type of business it is, a sole proprietorship, a general or limited partnership, a C or S corporation, or a limited liability it will still be affected in some way by seven basic characteristics. The characteristics of business; liability, income tax, longevity or continuity, control, profit retention, location, and convenience or burden. In this paper a description of each business type and how they are affected by the seven characteristics of business will be given, showing the clear advantage and disadvantages of each type of business. Sole proprietorship A sole proprietorship is a business that has no legal separate existence from its owner. The characteristics that are the greatest advantages to this type of business are its freedoms. A sole proprietorship has complete control and decision–making power over the business. There are no corporate tax payments and profits are not shared; however income and losses are taxed on the individual's personal income tax return. And this brings me to the disadvantages of owning a sole proprietorship. Liability is the biggest; it falls solely on the owner of the business. In the event that penalties or debts have to be paid, payments come from the personal assets of the owner. The burdens that come with maintaining the business and the standards of it fall on the owner despite the number of employees. The success of the ... Get more on HelpWriting.net ...
  • 26.
  • 27. Social Media And Its Effect On Small Businesses And Home... 3. Area of research. Social media platforms were few since it started to show in 1998, it grew extremely expeditious. Moreover, now, Facebook had 1.79 billion active users monthly while Instagram has 500 million active users answering the effectiveness of social media platforms in general. Also, in Kuwait, there is a rapid evolution regarding social media effect on small businesses and home businesses. Moreover, a great response from the customer 's side as well. Reaching the customers and targeting the new generation lead the marketers to utilise the benefits of social media. Building a name for a new brand meet some challenges, and the challenges of brand recognition with a small capital to start a new business, from an unused room in ... Show more content on Helpwriting.net ... Also, the study aims to expand on the properties available on the social media platform Instagram. Besides, how the business owners use the features on Instagram to promote their accounts. Exploring and sorting the challenges experienced by retailing business owners using social media channels to promote their products and services. Also, the most engaging and efficient social media channels to both customers and the home business owners. 5. literature review In this research the main areas are, to evaluate the effectiveness of using social media platforms as well as, the digital marketing methods utilised by the owners of the small retailing businesses and home business in the state of Kuwait. Also, to identify and classify the key issues for such e– commerce companies, and the Regulations from Ministry of Trade and Industry for this kind of online–stores. Common Social Media platforms used in the State of Kuwait In the last 15 years, social media platforms are perceiving as becoming various actual perspectives around the Arab world, and in particular, in Kuwait, it has been noticed that social media that enhance the quality of life of people moving it to another aspect where people use certain platforms for such need. In addition to Business profitability and governmental interaction with the society. Users do, However, the ... Get more on HelpWriting.net ...
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  • 29. Cultural Strategies for International Businesses 1. Wade (2004) highlights some of the pitfalls of doing business internationally. As cultures can vary significantly from one region or country to the next, it is important to understand some of these differences and how they affect the process of doing business, or even just basic communication. There can be differences even between regions within a country (i.e. Ontario vs Quebec; New England vs. the South) so it is important to understand the cultural dynamics of each area before doing business there. In Wade's article, he highlights some superficial issues like punctuality, gift– giving, and gestures. Wade also outlines some of the more critical issues that are seen as deal– breakers. These include differences in individuality levels between different countries, and how those affect doing business. For example, Americans are accustomed to making their own decisions, whereas in less individualistic cultures individuals are not empowered to make decisions and therefore work more as a collective. This affects many aspects of the negotiating process between different cultures, including the meaning of meetings and punctuality. The different viewpoints on formality are also highlighted as major differences that can cause issues in international business, especially because there is a substantial gulf between formality levels of Americans and business leaders in most parts of the world. Especially during the negotiation process, there are significant differences around ... Get more on HelpWriting.net ...
  • 30.
  • 31. Cultural Influence on International Businesses Running head: Cultural Influence on International Businesses Touro University International Wendell K. Speegle MGT 501 Module One: The Nature of Organizations and the Contemporary Environment Dr. Donna DiMatteo Abstract Culture will play a major part in the dynamics of the way we operated in international business circles. Managers today will need special skills in order to meet these challenges. Language differences, culture awareness, and management skills are necessary for success. These challenges often lead to a debate in which is better for a company, expatriate or foreign national workers. There are pros and cons to the use of each, but it will depend on several factors to which managers will be better suited for the challenge of ... Show more content on Helpwriting.net ... This may seem odd to many Americas, however if meeting with a business partner in Kuwait it would be extremely offensive not to undergo this practice. This could therefore chill the whole meeting, dooming it from the beginning. The future success of doing business abroad depends on global managers having the necessary skills to bridge cultural differences (Song, 2002). Already stated is the hurdle of language. The ability to be multilingual is the strongest advantage in today's global market. One way to overcome this shortcoming it to place greater importance on our education systems in the United States encouraging students to become proficient in one or more languages to be better prepare them to compete in international markets. In addition to language abilities, the knowledge of the culture were business is taken place and aware to practices of local customs within the scope of interfacing with clients. As well as the language and cultural awareness, strong managerial skills will be needed for success. Managerial skills that include and are not limited to the ability to understand the culture, and most effectively create a positive work climate for maximum productivity of the products or services. Mangers will need the skills appropriate in motivating the work force. Flexibility and the ability to adapted style with culture is a trait that must be developed with training and practical ... Get more on HelpWriting.net ...
  • 32.
  • 33. Market Orientated Businesses FACULTY: Original Work – 25th October 2010 NAME: Daniel Crickmore Discuss, with reference to current authors, what is meant by a "marketing orientation" and/or a "marketing oriented company." Illustrate your answer with examples of products or brands of your choice. "Because the purpose of business is to create and keep customers, it has only two central functions – marketing and innovation. The basic function of marketing is to attract and retain customers at a profit." (Dricker. P.E. (1999) Taken from Principles and Practice of Marketing 6th Edition, Page 3, McGraw–Hill) Today's society is always on the look out for the next best product, the next best brand and the next best style. For businesses all over the UK, and ... Show more content on Helpwriting.net ... Marketing is mainly all about the four P's; Price, Place, Product and Promotion (Hall. S, Jones. R, Raffo C, Anderton. A (2008) Page 190–192). Having the right mix is essential for any business operating in highly competitive markets. Your mix must come from the research and classification of that research to determine exactly what your market wants from your brand. A fantastic example of a business that has got this right time and time again is the famous brand of Cadburys. "Cadbury, a brand known and loved around the world, had humble beginnings." (www.bbc.co.uk, Accessed on 15/10/2010) Having such a huge influence within the UK market, as many brands do, (Kunde. J (2002) Page 22) Cadburys needs to ensure their marketing mix is 100% right. Their Pricing is set along side other competitors such as Galaxy, Nestle and Mars meaning they are all directly competing for the quality of the products. To ensure quality remains high, yet costs are kept low, Cadburys can rely on economies of scale due to the size of their business, and therefore can maximise its pricing competitiveness within its market. Being such a large corporation, Cadburys has a vast array of products from; Hot Chocolate, Cream Eggs, Chocolate Bars, Jelly Babies and many more. All of their Products are well known throughout the UK due to their quality as well as the companies brand image. When it comes to Place, Cadburys is in every corner ... Get more on HelpWriting.net ...
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  • 35. A Report On How 2 Businesses ¬¬Introduction In this report I will be comparing 2 businesses. From Group A, I have chosen to do social networking site Twitter, and from Group B, I have chosen furniture and electronics retailer Harvey Norman. Twitter, Inc. is a social networking website founded on the 21st of March, 2006. Its headquarters are in the well–known Silicon Valley, San Francisco, California, but it has more than 25 offices across the globe. The current CEO is Dick Costolo, alongside founder Jack Dorsey, who is the Chairman. The management is structured into several different divisions: Product, technology, finance, communications, government relations and trust & safety, engineering, human resources, international, corporate development and global revenue. ... Show more content on Helpwriting.net ... Business mission and prime function Social network site Twitter's mission statement as listed on its website is 'To give everyone the power to create and share ideas and information instantly, without barriers.' From this statement, it can be assumed that one of Twitter's main purposes is as a platform for free speech. This has proven to be correct, with twitter becoming a platform for individuals to start uprisings and revolutions, as well as to criticise those in power. Twitter has consequently been blocked in many countries whose governments are opposed to free speech. Twitter has been key in the ability for ordinary people to keep up with the lives of celebrities, with a system of people being able to send out messages called 'tweets' to twitter users who 'follow' them. Twitter users have the ability to 'follow' people, these 'followers' will have a feed that lists 'tweets' by the people they follow. This gives the ability for companies to market their products to target audiences by 'promoting' their accounts and tweets. Harvey Norman's primary function is to sell goods to the community to improve quality of life. Franchises are the largest source of revenue for Harvey Norman Holdings Ltd with 4.77 billion dollars just from franchise sales in 2014. A large company such as Harvey Norman would be expected to have a mission statement, considering its high sales and revenue, as well as its large ... Get more on HelpWriting.net ...
  • 36.
  • 37. Different Types of Businesses Business Scenario As discussed there are three different types of businesses, sole proprietor, partnership and corporations. With these businesses come many advantages and disadvantages that one will have to determine will best suit their own lifestyle. Starting a business is something very serious to plan and make sure you have the necessary financial backing to keep it running, and have the legal knowledge to keep yourself and organization covered. Lastly, if you have the knowledge and product you know something about and have the background the business could become successful and the more know how could make running a business less stressful. Starting an adventure in opening a company will take much thought, planning, financial ... Show more content on Helpwriting.net ... Taxes for a corporation are doubled; you will have tax at the corporate level and then taxed again on the dividends paid to stockholders and many financial reports (IRS, SEC, etc). Since the corporation has its own existence, it pays taxes on its own income, then with giving oneself an paycheck, you get taxed on your income also. (Poznak 2010, Ebert & Griffin 2005) Any business endeavor is risky, whether it being a sole proprietor, partnership or a corporation. The need for which type of business to start, would be the need for health and life insurance. Proper planning and knowledge would be key to avoid any pitfalls. (Poznak 2010) The business type most likely to succeed would be a corporation. As a corporation you have more talent, more ideas, and more financial backing. With a corporation, I could get the financial and managerial help that I need to succeed in my product, business, and growth. I will also have more resources to help finance my backing and have more liable coverage in insurance, lawyers, and accountants. Also with any company, I could trademark and copyright my product. To start a corporation will take much time, determination, and will–power. This will not be an easy task but one that will have patience and support of family and friends. References Ebert, R.J., & Griffin, R.W. (2005). Business essentials. Upper Saddle River, NJ: Pearson Prentice Hall. Poznak, JL. (2010). Doing Business as a Sole Proprietor. ... Get more on HelpWriting.net ...
  • 38.
  • 39. The Importance Of Small Businesses {Websites for Businesses– A Must Read for Small Businesses|Why Small Businesses Need to have Websites|What Small Businesses Ought to Know About Websites} {If your business does not have an online presence today, you are missing out on so much.|If up to now you have not yet established your presence on the internet, you are losing great opportunities for your business.|If by now your business does not have a presence online, it is losing potential business.} {Regardless of the size of the business or its age, an online presence is essential in the modern economy.|Despite the size and age of a business, it is important for it to be established on the internet.|However small or young a business is, it is essential that it establishes its online presence in today's marketplace.} {The internet is like a shopping mall with over a million stalls and you must open your shop in this mall to expose your business to the world.|The internet can be compared to a shopping mall that contains over a million stalls and each business must seek to get their space.|The Internet is comparable to a shopping mall that holds over a million stalls and all business must claim theirs.} {This is the case because people nowadays prefer to window shop on the Internet before engaging a company for its products or services.|This is so because today, people like to go through products and services on the Internet before consulting their companies.|This is so because many people like to window shop on ... Get more on HelpWriting.net ...
  • 40.
  • 41. Impact Of Big Businesses Dbq Big Business/Reaction DBQ The Gilded Age was the period of time from 1870 to 1900 where big businesses grew immensely in number, size and influence. In order to analyze how much of an impact these big businesses made, one must assess how much the economy and politics changed because of them. Economically, big businesses influenced prices in different fields, not only their own. Politically, big businesses gained control of aspects in the government and played large influence in it. As a result, Americans reacted through rebelling against these big businesses. Therefore, the expansion of big businesses after the Civil War led to them gaining more control over the economy and politics in the nation, which caused a numerous amount of strikes ... Show more content on Helpwriting.net ... Most people were angry with railroad owners because of how they treated their employees and were too powerful. (Doc B) This resulted in strikes such as the great railroad strike of 1877 where it began with employees from the Baltimore and Ohio Railroad company that were angry with them for several reasons but led to many other employees across the nation striking against their large business employers. Furthermore, employees were extremely angry with working conditions and the way in which they were being treated by their large employers and demanded better conditions. (Doc G) One iconic group that came out from this was the American Federation of Labor which was a combination of various unions looking to find better wages, working conditions and and hours for workers. However there was a positive thing that came out from the big businesses which was the creation of department stores. (Doc I) The creation of department stores made it easier for consumers to find everything they need all in one spot. As you can see, there were mixed reactions about big businesses although most were ... Get more on HelpWriting.net ...
  • 42.
  • 43. Chad and Dad- Businesses Chad and Dad The types of businesses that a handyman business can consist of are including a sole proprietorship, limited liability corporation (LLC) or S Corp. A sole proprietorship is when it is owned and operated by the same human being. Some of the advantages of a sole proprietorship is that it is more complicated than a regular corporation. It is less expensive to start up and can be formed without the hassle of the tax standards that most regular corporations face. The owners don't have to file business tax report. They in turn file their business information within in their own tax report, so this makes the rates taxed on personal income. The owners can hire employees which can help expand job creation. Their spouses can become employed without even trying and even married couples can start sole proprietorship together. Lastly, in sole proprietorship the owner is in total control and can make changes to it at any given time. The disadvantages of a sole proprietorship is that liability is something that the owner is responsible for and problems or financial problems. As for the taxes, the owner has to also pay self–employment taxes. There is no continuation of ownership if something happens to the owner. Lastly, there can be issues to raise or increase capital. Limited liability partnership is when a business provides protection for the partners involved against negligence of partners in the business. Some of the advantages is that it provides the limited ... Get more on HelpWriting.net ...
  • 44.
  • 45. Small Businesses In The 1800s Starting in 1776, the United States was born a nation, which was run only by small businesses. Small businesses were made up of one to about fifty people and production was slow due to a lack of technology and capital. All small businesses were done by hand labor, which could take weeks to produce a product for the consumers. Many small businesses only had one specialty that they were focusing on producing because of such slow production and not enough money to produce several different products. Most small businesses were low supply with a high demand that raised prices high so only higher–class people could afford their goods. This created a demand for bigger business expansions so that more products could be produced faster and cheaper. ... Show more content on Helpwriting.net ... After the civil war in the mid 1800's demand for products increased and the only way to fill the high demands were to create big businesses, which created more jobs and allowing companies to produce more products at a lower price. Businesses grew because of high demand so companies were able to get better technology to put out goods faster and they had the capital to do so because of consumers were willing paying for what they want. The U.S. started out by running on small businesses but later grew on big businesses with higher supply to fill all consumers high demands making profits like never before. In the early 1800's small businesses were a big part of the United States history. Businesses were small because they served a small market of people, with many small businesses owed by several different companies producing products in many areas. All small businesses were run by hand labor with the lack of technology and no machines at the time. There were several major types of small businesses throughout the 1800's including; farming, blacksmith, railroad, and ... Get more on HelpWriting.net ...
  • 46.
  • 47. The Role Of Businesses In The Political Process In this day, the United States continues to debate over what it means to be a citizen, who are seen as citizens. One of these topics, which seems to be overlooked by most, is the role companies should have in the political process. Citizens are usually thought of as separate individuals, and so how businesses, which are made up these separate individuals, are affected by the same government is often forgotten. And from this comes the question of whether or not businesses should have a say in the political process. While it is a controversial topic concerning the extent of the role businesses should have in society, there is reason to believe businesses should be able to have a say in the political process because they are affected by the government ... Show more content on Helpwriting.net ... When speaking of businesses, the thought of how it is made up of individuals with their own lives and are all being affected by the law is often forgotten. But recognising this fact shows why they should have the right to express their opinions. Not only should it be their right to have a say in the political process, but businesses have the potential to benefit society through their involvement. Finally, when it is further analysed, it can be worth a thought that the political involvement of businesses is not that different from any other citizens ability to provide their ... Get more on HelpWriting.net ...
  • 48.
  • 49. Cloud Computing And Its Benefits For Businesses The term 'cloud computing' gets tossed around in media and business settings, and while everyone seems to know generally what it is, not everyone is aware of how to use it, much less how to implement it in a safe way that still enables it to provide the full benefits of storing data in the cloud versus storing and managing it on–site. Cloud computing has many benefits for businesses, such as allowing them to store information and be managed by an outside company, which eliminates the cost and effort of a company having to buy servers, install and configure them, and then hire IT staff to continue to maintain them. According to a study of over 1,300 U.S. and U.K. businesses, 88 percent reported that they saved money using cloud services, ... Show more content on Helpwriting.net ... This further involves knowing exactly what options exist to host data. Cloud servers can be split into public, private, and hybrid servers, all of which provide different benefits (businessnewsdaily.com). Public Cloud Public cloud services are offered by companies that build external platforms that host multiple users, meaning the infrastructure is shared by all the users. The benefits to this model are that individual users don't have to worry about many of the details that would plague an in–house server. Public cloud services manage the site security, as well as content management tools. They also are constantly updating, allowing for seamless transition between different and new technologies. Private Cloud A private cloud refers to an in–house cloud system that is set up and maintained by a companies own IT staff. This provides a company with the flexibility to manage all of the details of their data storage which they could not get with a publicly–hosted cloud. On the downside, this is more expensive to maintain and requires the cost of buying the physical infrastructure. Hybrid Cloud A hybrid cloud system, as the name suggests, combines both the public and private cloud servers models into one integrated system. For example, a company may choose to host some more sensitive types ... Get more on HelpWriting.net ...
  • 50.
  • 51. Types of Businesses What is Agency? Agency can be described as the fiduciary relationship involving two parties in business with one being under the control or obligation of another. In this case, the relationship involves an agent who is obligated to or under the control of the other party i.e. the principle. An agency is usually created when a principal requests a person to make delivery as an agent through the establishment of a contract. In most cases, this kind of partnership between a principal and agency is usually imposed through agreements reached by the power of attorney. Types of Agents: These types of agents include general agents, special agents, co–agents, and universal agents (Smith & Osborne, par, 2). The other types of agents are servants, independent contractors, sub–agents or sub–servants, and sub–contractors. The general agents have a slightly limited scope but the capability of making some independent decisions while universal agents have wide scope and ability to make all decisions on behalf of principals. On the contrary, special agents are only used in special situations and make decisions in certain circumstances. Types of Principals: Similarly, there are different types of principals in this partnership i.e. disclosed principal, partially disclosed principal, and undisclosed principal. The disclosed principal is one whose identity and existence are known while partially disclosed principal is one whose existence is known but identity unknown. On the contrary, ... Get more on HelpWriting.net ...
  • 52.
  • 53. Design And Implementation Of A Businesses Real Paper Server Proposal for Worldwide Advertising, Inc. (WAI) The design and implementation of a businesses' network can play a major role in the success of that business. This proposal will outline a technical solution to provide Worldwide Advertising Inc. (WAI) with a flexible and reliable IT infrastructure to meet their needs for the next 2 to 3 years. As both sites in Los Angeles and New York are already connected through an IPSec VPN tunnel our recommended proposal will include a solution for WAI's core IT services, application services, active directory services, and file and print sharing. Server Deployment All servers throughout the enterprise will be deployed with Windows Server 2012 Standard Edition. Plus, all servers ... Show more content on Helpwriting.net ... While, the initial implementation will use the full GUI installation of Windows Server 2012, the overall summary of the planned enterprise with an IT team is incorporated in the table below: Site Server 2012 Core Server 2012 Full GUI Standard Los Angeles Active Directory, Domain Controller, DHCP, and DNS File & Printer Server, SQL, Exchange, and IIS Web Services New York Active Directory, Domain Controller, DHCP, and DNS File & Printer Server Each site will be configured in an identical manner to aid with the ease of deployment, configuration, and administration. Utilizing the Windows Server 2012 Core installation will be ideal for the infrastructure servers running the Domain Controller, Active Directory, DHCP & DNS services. Additional servers will be configured with Windows Server 2012 Standard Edition Full GUI installation to provide greater flexibility for current and further application utilization. They will also be able to provide File & Printer services, as well as Web services through the use of Windows IIS. Windows 7 Professional should be the operating system deployed across all workstations. On top of the 90 workstations already being allocated, additional workstations should be purchased for unforeseen issues and new hires. In order to ensure that each workstation is the same and can be deployed quickly, a WAI image should be created and maintained using Windows System Image Manager. ... Get more on HelpWriting.net ...
  • 54.
  • 55. The Basics Of Accounting For Small Businesses A major aspect of owning a business is following certain standards set by your state legislature. Today, businesses have the obligation of accurately reporting their sales and finances. It is essential for businesses to file the correct report, tailored to your business, in order to succeed and keep track of your company's finances. Furthermore, with regulations and laws set in place, it is important to know the standards that are set and to abide by them. A portion of business ethics is being transparent and allowing your reports to truthfully represent the financial position of your business. According to the article, "The Basics of Accounting for Small Businesses," a financial report is an analysis of the financial data recorded in the ... Show more content on Helpwriting.net ... Garcia explains that keeping track of inventory is significant due to the possibility of the food decaying. Inventory reports provide managers with measures to calculate the quantity of profitable food items. Garcia states that "restaurants operate on a fairly thin profit margin." Therefore, it is important to make reports such as, the income statement and statement of cash flows to know whether the restaurant is making a profit and whether these profits are accrual or actual cash revenues. Another report that Garcia goes over is debt reports. Garcia discloses that much of the capital allocated for a restaurant is usually loans. She feels that it is important to calculate whether the restaurant is able to pay off its debts. Garcia presents that a superior strategy to examine whether the business is capable of paying off its liabilities is by calculating the current ratio. The current ratio is computed by dividing the amount of total liabilities by the amount of total assets (Garcia). There are certain regulations that come along with financial reporting. One of the guidelines used by Americans is the Generally Accepted Accounting Principles (GAAP), which are made by the Financial Accounting Standards Board (FASB). According to authors Harrison, Horngren, and Thomas, accounting is used to reveal information about a company to its investors, lenders, and creditors. They also convey that the information ... Get more on HelpWriting.net ...
  • 56.
  • 57. Industrialization Causes Corruption in Businesses "No man can be a good citizen unless he has a wage more than sufficient to cover the bare cost of living, and hours of labor short enough so that after his day's work is done he will have time and energy to bear his share in the management of the community, to help in carrying the general load. We keep countless men from being good citizens by the conditions of life with which we surround them. We need comprehensive workmen's compensation acts, both State and national laws to regulate child labor and work for women," said 26th president of United States Theodore Roosevelt as he was explaining how industrialization had ruined people's lives ( Colby 515). Industrialization is defined as the large–scale introduction of manufacturing, advanced technical enterprises, and other productive economic activity into a society. Industrialization is a huge aspect of society and especially in America. After the American Civil War in 1861, a lot southern plantation owners were living in poverty because they lost their land. Emancipated slaves were also living in poverty because most them didn't have a job, but as industrialization grew in America, more people were attracted to the cities up North. A lot of southerners and emancipated slaves traveled up North because of job opportunities. But this proved to be a horrible mistake. These people were working in gruesome conditions and were exploited. So the question is, what does industrialization do to a society? Industrialization causes ... Get more on HelpWriting.net ...
  • 58.
  • 59. Essay on Obamacare and Small Businesses Obamacare and Small Businesses Adverse Effects Obamacare seems to have a plethora of negative elements attached to it. When it comes to small businesses, Obamacare might potentially have an adverse effect on the employers and workers. However, at this time we cannot do anything for fellow citizens that are feeling the emotional and monetary distress that they're enduring as a result of Obamacare. There is a possibility Obamacare will have a negative impact on small businesses. Attributable to the anticipation of Obamacare, small businesses have already started replacing full–time employees with part–time employees. In anticipation of Obamacare, employers need to decide what the most effective economic choice is for his or her business. ... Show more content on Helpwriting.net ... Small businesses with more than 50 full–time employees with an average annual wage above 250,000 must provide health coverage to full time employees come 2015. This is sometimes called "The employer mandate". (Obama Care Facts). Obamacare employer mandate could be a downfall for the most non progressive future for many businesses. Not only will businesses have a hard time flourishing, but the new requirement makes it more expensive for businesses to hire workers in the future along with reducing full–time employees to part–time employees. In anticipation of Obamacare, employers will need to decide what the most effective economic choice is for his or her business. The business will have to insure their employees and may qualify for a tax credit or pay a 2,000 penalty a year for each uninsured employee. Obamacare will give small businesses tax breaks and credits to cover small businesses cost increase. Whereas ninety six of employers won't pay further taxes, there is an increase to the current Medicare Part A, paid by 3% of businesses and employees making over $200,000. There is also a requirement for employers with the equivalent of over 50 full–time employees to obtain health insurance for their workers or pay a penalty by 2015. Employers will have the option of providing health insurance coverage for all of their workers or paying a penalty ("Opposing employer mandate"). Employers that offer coverage must meet a minimum benefit and contribution requirement ... Get more on HelpWriting.net ...
  • 60.
  • 61. Summary Of Businesses And Busy Beings Businesses and Busy Beings: Exploring Hartford's Purpose Janette Sadik–Khan, author of Streetfight and previous New York City Department of Transportation commissioner, conceptually frames the discussion of downtown Hartford's purpose. Sadik–Khan's ideology is based on the idea that one can redesign and transform city space while reducing traffic and improving ease of access–in the streets–to all citizens. A walk through Hartford in Sadik–Khan's perspective would include, agreeing with negative, "urban renewal" programs that destroyed old buildings–and the neighborhoods with them–in the name of progress and for buildings in their place cold, sterile high–rises set back on superblocks, sucking life away from the street" (9). This quote, ... Show more content on Helpwriting.net ... Sadik Khan mentions, "For lunch we'd grab deli sandwiches and bring them back to the office. There was nowhere and no reason to sit outside" (17). The city would benefit from the seating outdoors to enjoy the views from the manicured lawns of Hartford's Old State House, try foods from the different food truck vendors and marvel at the unique architecture of the "Boat Building" at Constitution Plaza. The population who be able to take advantage of the opportunities that Hartford has to offer, and would not be stuck behind closed doors. Rather, people in Hartford, would be able to use the welcoming outdoor lounging areas, as Sadik–Khan references, "a place where people wanted to be" in her words, "Workers in nearby buildings brought lunches to the tables sheltered beneath the plaza's umbrellas with coffees and snacks purchased at local cafés and food trucks. The transformation was fast–a couple of weeks–and easily integrated into the neighborhood" (Sadik– Khan, 82). In other words, the outdoor space will be greatly utilized by both the working population and also the students at the nearby schools and universities. A transformation to the space will quickly encourage others to enjoy the new open–air additions and will accommodate the city community. The older facade of the unused, blank streets will not be missed. As seen through the congested streets of Hartford, the dominating factor in ... Get more on HelpWriting.net ...
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  • 63. Forms Of Businesses By Edgar Llamas Forms of Businesses Edgar Llamas Business 101–30D September, 21 2014 Opening a business might seem like a difficult task to achieve. With many different forms, how is one to decide which is the best? People cannot start any type of businesses without know the five basic forms of businesses in the world. Whether it is to be your own boss, or to partner up with another person. It is an essential to know all the facts about each type before opening up a business. It is critical knowing what each form of business is, the startups, disadvantages, and advantages before deciding which direction to go into. If someone decides they are education enough in the business they are opening, sole proprietorship is the way to go. The most common and easiest from of business is sole proprietorship. Now what exactly is a sole proprietorship? A sole proprietorship is a business ran exactly by one person. Just about anyone can do this, for example someone can be selling their own personal artwork. This might not exactly be a business, but that single person is running it, and is their own boss. Seen in the eye of others this will be seen as a sole proprietorship. Next is the formation of a sole proprietorship. Starting a sole proprietorship is not difficult at all. A name must be registered, which is not a hard task to accomplish. Then the business must be registered and receives a license and or certificate. Finally a small tax must be paid, which will not be a significant ... Get more on HelpWriting.net ...
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  • 65. The Purpose, Impacts And Responsibilities Of Businesses The Purpose, Impacts and Responsibilities of Businesses Aziken Ifeoma P14128621 MSc Engineering Management Green Business (ENGT5219) 2 March, 2015 SUMMARY: GREEN BUSINESS The need for businesses to adopt a sustainable approach to the creation of goods and services has become paramount in recent years as pressure to employ strategies that reduce or remove negative effects on the environment increases. In order for a business to successfully implement a sustainable approach to the provision of goods and services, they would have to take a critical look into the different aspects of day to day business operations, assessing these operations and re–modifying them to achieve standard sustainable practices. Sustainability is a broad term and involves the integration of a host of strategies to achieve a desired outcome with regards to the way businesses operate. Strategies such as, green technology, eco manufacturing, eco machining, clean production and so on, have to be employed to alleviate environmental concerns such as pollution, material toxicity, greenhouse gas emissions and much more. The challenge now for businesses is to redesign processes and practices that will result in less environmental and societal degradation, but at the same retain or increase their share in the global market. CONTENTS
  • 66. SUMMARY: GREEN BUSINESS 2 CONTENTS 3 INTRODUCTION 4 Businesses: Why do businesses exist? 4 IMPACTS OF ... Get more on HelpWriting.net ...
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  • 68. Stop Burdening Small Businesses Stop Burdening Small Businesses As the foundation of the U.S. economy, small businesses employ 50 percent of the U.S. population. In 2010 the U.S. Census reported 27.9 million small businesses categorized by size (20–499 employees). Accounting for 64 percent of the net new jobs created between 1993 and 2011 and since the recent recession, from mid–2009 to 2011, small firms accounted for 67 percent of the net new jobs ("Employment Statistics | SBA.gov," 2014). Unfortunately, rising costs and inefficient economic policy threaten the basic building block of our economy. This ordinance further compounds the economy's sluggish recovery. Repelling this ordinance is the first step towards removing unnecessary financial burdens. Rising Costs The cost of operating a small business is at an all time high. Squeezed from every angle the biggest contributor of jobs and wages is forced to contain hiring, offer lower wages, and reduce benefits. At the core, increases in oil, commodities, and utilities force small businesses to absorb cost while simultaneously passing marginal price increases to consumers. Although marginal, the price increases hurt the consumer and producer. Producers fail to adequately cover cost and consumers still cannot afford the product or service. This ebb and flow contributes to a sluggish, stagnant economy attempting to recover. Rising Core Costs and Impact Oil: Riding on the tails of the Arab Spring the price of oil remains high. The Middle East's eternal ... Get more on HelpWriting.net ...
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  • 70. Whistleblowing : Government And Businesses Whistleblowing in Government and Businesses The twentieth President of the United States once said: "The truth will set you free, but first it will make you miserable" (Quotes, 2008). When there is wrongful doing, illegal activity, or unethical behavior happening within a government industry or business it can be difficult to bring this information out in to the open for the public to know. Whistleblowers have the difficult ethical responsibility, with a lot of scrutiny that happens as well, when telling the truth about their findings about a company that is not doing the right thing. Whistleblowing can create a variety of feelings and ethical perspectives for all that might be involved or even just witness the process unfold and ... Show more content on Helpwriting.net ... When companies choose the wrong path to take and default thousands of people at times the corporations or government loses sight of what is really important for everyone involved or the general public. "Were it not for these whistleblowers, many companies would have gotten away with corruption that in some cases led to the public losing money, and in others, potentially their lives" (Gray, 2012). Those that bring light to problems within a business or government have a lot at risk including their own job and integrity. The choice in which one needs to make is does one ignore and put aside what may be happening, or take the stand against what is not right; no matter what may happen or any consequences or repercussions that may become as result. "It also seems to be an idea that appeals to common sense and is often regarded, therefore, as one that most people use even when they don 't realize they are applying a specific ethical theory" (Mosser, 2013). Next, a whistleblower, use the deontology theory, has to first recognize why the government or corporation decided to do the wrongful actions. "The deontologist argues that we have a duty, or an obligation, to treat other people with respect; human beings have dignity, and we must take that dignity into consideration when dealing with ... Get more on HelpWriting.net ...
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  • 72. Poverty is Useful for Businesses to Prosper What do you think of when people talk about business? A business textbook, "The Future of Business", defines a business as "an organization that strives for a profit by providing goods and services desired by its customers" (McDaniel and Gitman), and following this, there is an idea of "money" being involved – sometimes "big money". Ever wondered how business giants like Wal– Mart got to be where they are today? The root of all successful businesses is in its workforce. Now, thanks to the growing phenomenon known as globalization, businesses in retail are seeking elsewhere for labor, yet their position in the market grows stronger still. This is because Multinational retail chains like Wal–Mart prosper from outsourcing labor, by taking ... Show more content on Helpwriting.net ... The Independent Institute also asserted in their research, that MNCs give back by creating jobs in the less developed nations that they supply from (Powell and Skarbeck). While this is true to a certain extent, MNCs do take advantage of the abundance of cheap labor that is available to them. For one, most MNCs outsource manufacturing labor in less developed countries with a dense population and low Gross Domestic Product per capita. For example, the Washington Post reported that China, with a population of 1.3 billion and growing, is a popular choice for Wal–Mart, and that at the time of the report, 80% of 6000 Wal–Mart suppliers are in China (Goodman and Pan). Although MNCs create jobs, MNC factories also have poor safety standards. There are many reports of poor safety conditions of these facilities, for example, the New York Times reported that a 16 year old Wal–Mart factory worker in China was found to have hands covered in blisters from handling dangerously hot plastic molding machines (Barboza). MNCs may be contributing to the economy but their concern for the welfare of the workforce is very minimal. Wal–Mart themselves have claimed that they conduct inspections audits regularly to ensure manufacturing facilities are being run legally and ethically. Their statement is disagreeable as many MNCs, including Wal–Mart, conduct unethical auditing practices when they source from less developed nations. Firstly, audit information on ... Get more on HelpWriting.net ...
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  • 74. Why Do Businesses Fail? Why Do Businesses Fail? A common reason for business setbacks or even failure is market competition. A rise in a competitor's market share is often synonymous with a loss for others. Such downturns occur for two main reasons. First, a new competitor with creative products, financial support and dynamic employees has a competitive advantage over others. Second, more established companies do nothing to change their strategies in response to the new competition. This essay will examine four examples of companies facing market competition. It will go on to analyse how the companies dealt with any problems and conclude with lessons learned from these experiences. The first example is Adidas, in the late 1980's a company full of ... Show more content on Helpwriting.net ... Watching your competitors closely is an effective way of retaining your leading position in business, because it allows for a very quick response (Hui, 2010). The third example involves innovation. Apple, once a firm engaged in personal computers and music players, now is the largest mobile phone producer in the world. After the introduction of the first model of iphone to the world in 2007, Apple's innovation has been paving the way for evermore success. The splendid multi–touch screen, strong processor and numerous applications, all are innovations which have met customer needs and been successful. What is more, established producers like Black Berry and Nokia who once were among the largest mobile phone suppliers have all seen a decline in sales due to the popularity of the revolutionary iphone. Inventions help businesses further to maintain their leading position in the market. Finally, long–term planning is crucial if corporations want to maintain success. Gordon (2010) states "Failure to plan is planning to fail. Developing a continuity plan is the most important thing you can do to protect the value of your business." It is essential that your business will be protected by an appropriate plan. Toyota, for example, introduced a hybrid car several years ago (which has had some success in Japan) and has made a long–term plan make environmentally– friendly and sustainable cars. Toyota's long–term plan anticipates the exhaustion ... Get more on HelpWriting.net ...
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  • 76. Sprawl and Small Businesses Essay Sprawl and Small Businesses During the past 15 years, I have seen my once–rural hometown of Washington Township transform into a maze of single–family housing developments and strip malls. This type of growth has not been gentle on the local economy, especially small businesses. Stores such as the mom and pop hardware store, a local mainstay for many decades, have been forced out of business by the construction of two Home Depots and a Lowe's within a two–mile radius of the town's main street. This negative aspect of sprawl has been a trend that has repeated itself nationwide in recent years. Mega chain stores, or big boxes, are a phenomenon that has spread all over the country, and has exploded in ... Show more content on Helpwriting.net ... They thrive on duplicating these qualities in every store regardless of location or demographics of the area. This conditions consumers to shop at their stores because they know what they are going to get and feel comfortable going there. For example, when a family who shopped at the Home Depot in New York moves to Washington Township, they are probably going to shop at the Home Depot there, rather than the local hardware store. The conditioning, or "brainwashing" as some view it, of customers is evident in the effect on the economy of Mercer County. The proprietor of the former hardware store in Washington Township also owns several other stores in the neighboring towns of Hamilton and Trenton. These surrounding communities have been developed long ago and haven't seen the recent inflow of new housing and people that Washington has. Many of the people in those towns are working class and have roots in their respective communities. These people continue to support the smaller hardware stores, and business has not been affected after Home Depot and Lowe's moved in. However, the store located in Washington Township was devastated by the construction of the mega stores. After speaking to the owner of the store, it seems as if the store's demise was due to the "brainwashing" of the younger generations. Many of the residents that have moved into Washington Township during the past 10 years are young, upper–middle class ... Get more on HelpWriting.net ...
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  • 78. Big Businesses And The Gilded Age United States History Learning Target 2 Step 2 Describe the relationship between the rise of big businesses and the development of the Gilded Age in America. Cite both positives and negatives between the two movements. Give specific examples. The rise of big businesses and the development of the Glided Age in America were connected in many ways. Many big factories were built around cities in the urban area. This meant that the cities would grow from all the people moving there to get a job in a factory instead of living on a farm. People who worked in the factories tried to start a union because they felt they were being worked unfairly for how much they were getting paid. This was taking place during the Glided Age and it all began with ... Get more on HelpWriting.net ...
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  • 80. Compensation Issues in Family Businesses Compensation issues in family businesses 1. Introduction The contemporaneous business community is extremely challenging and dynamic and the managerial teams in the organizations are forced to respond to a wide array of threats. Some of the new challenges for instance include the shifting demands of the customers, the increasing domestic and global competition or the advancement of technology. All of these challenges are common to the entire business community and each economic agent has to respond to them in the best possible manner. Nevertheless, aside from these generic challenges, the economic agents must also address issues which are more so linked to their internal features. For instance, a retail company would have to focus extensively on their pricing strategy; a travel agency would have to focus extensively on customer relationship management; an IT firm would focus broadly on innovation and a family business would have to focus on business efficiency rather than family relationships. The current project then approaches the topic of the compensation dimension in family owned businesses, through the lenses of the issues which are raised. The nature of the project is one of research, based on the gradual gathering of data from reliable, secondary sources. The information is structured as follows: Definitions of family owned businesses Statistics of family businesses Issues with compensation in family businesses Recommendations to avoid issues 2. The ... Get more on HelpWriting.net ...