1 Konsep NEW VENTURE MANAGEMENT.pptx
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New ventures have a significant global economic impact by contributing over $20 trillion annually in revenues and supporting over 26 million small businesses in the US. They play a crucial role in innovation and technological change that drives productivity growth. While large, existing firms have downsized and reinvented themselves, thousands of new entrepreneurial ventures have blossomed and gone on to become major institutions. Entrepreneurs and new ventures have revolutionized business conduct globally and generated millions of jobs to offset reductions at large companies.
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(1) Position Statement Topic: Minimum Wage Laws
(2) Minimum wage laws have been debated as a chief topic among legislators and economists alike,
especially recently with Bernie Sander’s proclamation that it should be set to $15/hour. A higher
minimum wage can stifle the growth of small businesses, and affect millions by increasing
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businesses, who also reap the benefits of a reduced corporate tax and capital gains tax. Because
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minimum wage of $7.25/hour should not be increased nor decreased in order to properly assess
the effects of Trump’s plan. Moreover, all 50 states should adhere to the minimum wage in order
to properly assess its economic impact on the U.S. as a whole.
(3) Economic Arguments Against My Position:
a. An increased minimum wage allows unskilled workers to contribute more to the
economy.
i. If workers earning the current minimum wage can take home more money, they
are inclined to spend that money and contribute to small businesses and help
boost economic activity.
ii. Since 2012, the Fight for $15 movement helped low-wage workers gain $61.5
billion in annual raises through state and local minimum wage increases
(National Employment, 2016).
b. An elimination of the minimum wage will spur economic growth and create new jobs.
i. A minimum wage must be set above the equilibrium price of labor in order to
take effect, and its effects are seen through the U.S.’s unemployment rates.
ii. In 2015, unemployment averaged 5.26%, implying that those who were
unemployed could have been employed in unskilled jobs if firms could afford to
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(Lopresti, 2015).
iii. Companies that outsource production will bring manufacturing back to the U.S.,
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workers below the U.S. minimum wage but above the domestic
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incentivized.
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called Buffett Rule, which might raise new revenues from the mega-wealthy through taxes, but
will likely amount to very little because gazillionaires can hire clever accountants to help them
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been clobbered by a financial crisis they didn\'t create.
Here are five reasons why we should cheer for working America getting a raise.
1. Good for Families: According to economist James Galbraith, raising the minimum wage
would raise the incomes of 28 million Americans. Women would particularly benefit because
they tend to work for lower wages than men. As Galbraith sees it, raising the minimum wage is
family friendly policy:
“With more family income, some people would choose to retire, go back to school, or have
children, making it easier for others who need jobs to find them. Working families would have
more time for community life, including politics; Americans would start to reclaim the middle-
class political organization that they once had. Because payroll- and income-tax revenues would
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the hands of those who actually spend in the real economy. That means regular people, not the
super-wealthy who tend to hoard wealth or invest in financial products. The minimum wage
story is not just a story about income inequality, but rather it’s about an elite that has hijacked the
economic system and made it work less productively than before while redistributing more of
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3. To maximize benefits, communities should choose bold, disruptive action by focusing resources on growing existing firms and startups through an understanding of the complex entrepreneurial ecosystem.
The future of business advocacy
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Entrepreneur
An entrepreneur is a person who organizes and operates a business or businesses, taking on greater financial risks than normal. Entrepreneurs combine resources like land, labor, and capital to manufacture goods or provide services. They create business plans, hire labor, acquire financing, and provide leadership and management. As risk takers, entrepreneurs often use their own money or minimize costs to finance new businesses. Entrepreneurship benefits economies by creating new businesses and jobs, adding to gross national income, and driving social change through new inventions and technologies.
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ECON 0858 Issue Paper #1 22718 Student Name .docx
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Issue Paper #1
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Student Name
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(2) Minimum wage laws have been debated as a chief topic among legislators and economists alike,
especially recently with Bernie Sander’s proclamation that it should be set to $15/hour. A higher
minimum wage can stifle the growth of small businesses, and affect millions by increasing
unemployment for unskilled workers, while a lower minimum wage may contribute to increased
poverty or a poor standard of living for some. Under President Trump’s new tax plan, decreased
income tax rates for consumers allows them to spend more money, which in turn will help small
businesses, who also reap the benefits of a reduced corporate tax and capital gains tax. Because
these changes may spur a growth in economic activity going forward, the current federal
minimum wage of $7.25/hour should not be increased nor decreased in order to properly assess
the effects of Trump’s plan. Moreover, all 50 states should adhere to the minimum wage in order
to properly assess its economic impact on the U.S. as a whole.
(3) Economic Arguments Against My Position:
a. An increased minimum wage allows unskilled workers to contribute more to the
economy.
i. If workers earning the current minimum wage can take home more money, they
are inclined to spend that money and contribute to small businesses and help
boost economic activity.
ii. Since 2012, the Fight for $15 movement helped low-wage workers gain $61.5
billion in annual raises through state and local minimum wage increases
(National Employment, 2016).
b. An elimination of the minimum wage will spur economic growth and create new jobs.
i. A minimum wage must be set above the equilibrium price of labor in order to
take effect, and its effects are seen through the U.S.’s unemployment rates.
ii. In 2015, unemployment averaged 5.26%, implying that those who were
unemployed could have been employed in unskilled jobs if firms could afford to
hire them (Bureau, 2016).
1. Lost gains from labor trade create a need for the unemployed to enroll in
government welfare programs, with 6.2 million Americans receiving $32
billion in unemployment compensation in 2016 (United States, 2018).
2. Low-wage workers receive retarded wage growth when there is a small
increase in the minimum wage, compared to if there was no increase
(Lopresti, 2015).
iii. Companies that outsource production will bring manufacturing back to the U.S.,
creating jobs and utilizing land more efficiently.
1. Foreign-owned firms in Mexico and Venezuela pay workers more than
their domestically-owned counterparts, which suggests that those firms
(including those owned by U.S. entrepreneurs) that outsource pay foreign
workers below the U.S. minimum wage but above the domestic
minimum wage, if there is one (Aitken, 1995).
2. If there was no minimum wage, American companies would be
incentivized.
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Presentation more detailed than live version to make it more self-explanatory
2009top10smallbusinesstrends 090528112514 Phpapp02
The document summarizes the top 10 small business trends for 2009. It finds that the recession will drive small business innovation and force the government to play a larger economic role. It also predicts that the number of small businesses will increase due to job losses, but globalization will temporarily slow. Additionally, baby boomers will turn to small business due to retirement issues, while generation Y will be attracted to small business due to limited employment opportunities and values. Finally, mobile computing, cloud computing, and online marketing tools will continue growing in importance for small businesses.
Declining Entrepreneurship and Business Dynamism in the United States
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Do you support higher minimum wages Briefly discuss.SolutionI.pdf
Do you support higher minimum wages? Briefly discuss.
Solution
In recent months, a number of states have again taken the lead on measures to raise the minimum
wage. Massachusetts is moving toward a minimum of $10 per hour. Other measures are on the
table in New York, Illinois, New Jersey, Connecticut and Missouri. Meanwhile Sen. Tom
Harkin, D-Iowa, is pressing for the federal minimum wage to rise to $9.80 per hour by 2014.
This is far more sensible policy than symbolic nods to the left through gimmicks such as the so-
called Buffett Rule, which might raise new revenues from the mega-wealthy through taxes, but
will likely amount to very little because gazillionaires can hire clever accountants to help them
get around it. No, we need policies that clearly do something for hard-working people who have
been clobbered by a financial crisis they didn\'t create.
Here are five reasons why we should cheer for working America getting a raise.
1. Good for Families: According to economist James Galbraith, raising the minimum wage
would raise the incomes of 28 million Americans. Women would particularly benefit because
they tend to work for lower wages than men. As Galbraith sees it, raising the minimum wage is
family friendly policy:
“With more family income, some people would choose to retire, go back to school, or have
children, making it easier for others who need jobs to find them. Working families would have
more time for community life, including politics; Americans would start to reclaim the middle-
class political organization that they once had. Because payroll- and income-tax revenues would
rise, the federal deficit would come down. Social Security worries would fade.”
2. Good for Economic Recovery: To get the economy back on track, spending power has to be in
the hands of those who actually spend in the real economy. That means regular people, not the
super-wealthy who tend to hoard wealth or invest in financial products. The minimum wage
story is not just a story about income inequality, but rather it’s about an elite that has hijacked the
economic system and made it work less productively than before while redistributing more of
what is working to themselves.
The problem with our economy today is that the growing gap between the real wages and
productivity has violated the traditional relationship between real wages and consumption. So if
the productivity of each worker is rising strongly, yet that worker’s capacity to purchase (the real
wage) is lagging badly behind – how does economic recovery which relies on growth in
spending sustain itself?
Which is why policy should be more directed toward programs that increase the minimum wage
and less of discredited neoliberal “trickle-down” economics. Trickle-down economics is largely
counterproductive because it shifts more resources into the hands of those who have less
propensity to spend and keep the economy moving.
3. Helps People Get Out of Debt: During the early part of the post-war period, .
Grassroots entrepreneurism working doc
This document discusses the importance of entrepreneurship and grassroots entrepreneurism in transforming the American economy. It argues that entrepreneurship, not large corporations, is the leading force for sustainable economic development and job creation. Most new jobs are created by small, young businesses rather than established firms. While only a small fraction of new businesses receive venture capital funding, privately held firms account for the majority of private sector employment. High-growth entrepreneurs have a disproportionate impact on job creation. The document advocates for supporting grassroots entrepreneurism to spur economic growth and development.
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1 Konsep NEW VENTURE MANAGEMENT.pptx
- 1. NEW VENTURE MANAGEMENT CONCEPT Dr. Astri Ghina 082233887886 aghina@telkomuniversity.ac.id
- 2. INTRODUCTION Apple Computer Federal Express Intel Microsoft Google Entrepreneurs and their new ventures have generated millions of jobs to offset the huge reductions made by Fortune 500 firms They have captured the economic spotlight by demonstrating their new ideas From emerging ventures can create the giant institutions of tomorrow
- 3. NEW VENTURE : ENERGIZING ECONOMIES Contribute over $20 trillion in annual revenues (from effort to start a firm, incorporation a firm, changes in net tax returns filed, amount of full time &part time self employment) The number of smaller businesses in US soar to >26 million (predict annual growth rate 2%) Entrepreneur pay >54% individual income tax, 60% corporate tax return, This number shown how new venture dominating the US economy The political, legal & cultural environment directly impacts the entrepreneur’s activity & ability to contribute to the economic dev in US
- 4. THE GLOBAL IMPACT OF NEW VENTURES Facts : Existed large firms in mature industries adapted, downsized, restructured & reinvented themselves New entrepreneurial ventures have been blossoming Thousands of new ventures have been founded New & emerging firms play a crucial role in the innovations that lead to technological change & productivity growth --> they change market structure New & emerging ventures are the essential mechanism by which millions enter the economic & social mainstream of our global society
- 5. ENTREPRENEURS AND NEW VENTURES ENTREPRENEURSHIP MORE THAN THE MERE CREATION OF BUSINESS The entrepreneurial perspective & entrepreneurial process in an integrated concept that has revolutionized the way business is conducted at every level and every country
- 6. ENTREPRENEURIAL MOTIVATION PERSONAL CHARACTERISTICS (PC) PERSONAL ENVIRONMENT (PE) PERSONAL GOALS (PG) BUSINESS ENVIRONMENT (BE) IDEA DECISION TO BEHAVE ENTREPRENEURALLY
- 7. ADVANTAGES & DISADVANTAGES STARTING NEW VENTURE DISADVANTAGES Sales fluctuations Competition Increased responsibilities Financial losses Employee relations Law regulations Risk of failure ADVANTAGES Independence Financial opportunities Community service Job security Family employment Challenge
- 8. NEW VENTURE FAILURE INCOMPETENCE LACKS EXPERIENCE LACK OF MANAGERIAL EXPERIENCE NEGLECT FRAUD DISASTER
Editor's Notes
- Entrepreneurship lebih dari sekedar menciptakan bisnis: Perspektif kewirausahaan & proses kewirausahaan dalam konsep terintegrasi yang telah merevolusi cara bisnis dilakukan, di setiap tingkat dan setiap negara. Cth: gojek, bukalapak, tokopedia, shopee yang diciptakan oleh para pengusaha muda saat ini
- Based on kuratko etal model: keputusan untuk bersikap atau menjadi seorang wirausaha merupakan hasil dari interaksi beberapa faktor yaitu PC, PE, PG, BE yang relevan dan ide bisnis yang layak