Saturday, March 14, 2020
Free The Monk and the Riddle Book Review Sample Question One: What was surprising or different about this book relative to what you know about entrepreneurship? Before reading this book, the aspect of entrepreneurship that I had in mind was that of looking for opportunities in which to achieve financial satisfaction in life. Growing up, I understood that being an entrepreneur entailed setting up businesses and ventures, which will bring about major financial returns. However, reading The Monk and the Riddle gave me a different perspective on the subject of being or becoming a successful entrepreneur. The author gives detailed expectations from the entrepreneurship field that is very different from what I had in mind. According to the book, being an entrepreneur should not be all about the result which most people bank on financial achievement but should focus mainly on the journey towards attaining the set goals (Komisar and Kent 21). Entrepreneurship should lay emphasis on leadership, management, passion, and drive which help define an individual. In the end, an entrepreneur will be rewarded from the journey undertaken in the business rather than the outcome. Being a successful entrepreneur means that a person, through the business, gained satisfaction not only financially but also in experience. Any would be entrepreneur needs to set up goals which allows for achievement of satisfaction in work itself. Another notable difference on the subject is the ability of any entrepreneur to let go off control. The mentality of all entrepreneurs is that they need have control and influence in their ventures. However, the author categorically explores the advantages of giving out control to other able people in order to allow for the growth of the business. While discussing about leadership, the author advises entrepreneurs to get people to do what needs to be done for the business and this could end up being done better. L eadership is an art and entrepreneurs must encourage people to exceed their own expectations, inspire people to be great and get them all to work together in harmony. Question Two: What are your impressions of Lenny? Why was Randy willing to give Lenny his time? The impression I got of Lenny is that of any contemporary entrepreneur striving to have his venture to pick up in the market. Lenny has great ideas of what he wants his venture to be but has his eyes closed to the reality of entrepreneurship. From the discussion presented by his interaction with Randy, it is evident that Lenny seems sure of his approach to business and the proposed business plan but lacks sight on the sound fundamentals of the initial business idea. Lenny has the mentality of working towards attaining financial objectives from his venture. From the idea presented to Randy, the would-be entrepreneur has misguided anticipations on the business front hoping to attain everything without support from other people. Lenny believes as an entrepreneur, he should be in control of everything in his business from development to implementation. However, this is a wrong impression of the journey towards attaining satisfaction in work. Lenny portrays a typical Eastern pushy-salesma n-suit, involved in the business for the money rewards only. (Lambing and Charles) Despite the ambition presented to Randy by Lenny, the latter is ready and willing to help him because as an established entrepreneur it is essential to pass on guidelines to other would - be entrepreneurs. Randy carefully listens to Lenny because he wants the young entrepreneur to drop the potential monetary rewards perspective and focus on satisfaction. More so, Randy provides direction, contacts, and leadership for entrepreneurs in need of experience like Lenny. The main role Randy plays is helping would-be entrepreneurs through the initial phase of business development and then retires to the less central role of advisor. Randys advice to Lenny is that a leader with many ideas but lacks vision and passion will lead his business to the drain. Question Three: What do you think about the Deferred Life Plan? In the book, the author notes the tendency of people in the contemporary world sacrificing their present life to hard work and earning a living to protect their future existence. In simpler terms, this is living a deferred life plan whereby one denies himself or herself a decent lifestyle in the name of protecting the future. The author argues that people do not have to sacrifice their lives in order to accomplish things they are passionate about, be it at work or in business. In my understanding, the theory and practicability of deferred life plan is real amongst young people especially those joining the labor market. Most people engage in activities, work, or business, which they have little passion but hang on to them for the sake of financial satisfaction. Interestingly, this financial satisfaction does not come about and the very people end up losing on other satisfactions they could gain at work. Putting off what you really love to do and engaging in other activities or business, which is less; satisfactory is the beginning of leading a deferred life plan. By not working on work and business, one is passionate about means deferring sense of excitement and passion for what you really care about in life. Komisar further explains thats working hard is not inconsistent with the deferred life plan but working hard for things that bring less excitement and interest is part of deferred life plan (Komisar and Kent 35). Comparing the theory with the actual life setting, with the deferred life plan, one ends up succeeding on things, which do not matter in his or her life. More understandably, deferred life plan leads to achieving at something, which has no definition of the real, you. As human beings, we need to ensure that we get satisfaction in whatever we do and this should be at a reasonable age. It is not satisfaction when we have to wait up to sixty years and above to start enjoying life. Question Four: What do you think about the evolution of Lennys opportunity? What value does Lenny get from Randy and the VCs? The evolution evidenced in Lennys opportunity is great as it offers him and other workers to engage in activities, which bring about satisfaction. The opportunity created does not only promise financial rewards but also work satisfaction. The opportunity further presents Lenny with a chance to engage in a business venture for the right reasons rather than seeking financial satisfaction only. In seeking help from people advanced in the matters of entrepreneurship, Lenny gains more information on other aspects of business. Randy gives Lenny in-depth advice on what venture capital firms require, focusing on the characteristics of CEOs during various phases of the establishments. In so doing, Lenny understands the difference between a good manager and a good leader, which as a future CEO of a business is necessary information. Management and leadership skills are a prerequisite for anyone hoping to establish any kind of venture. With time, the owner of the business will have to let go off the control of the business and this, Randy explains requires major management skills. Lenny learns that the essence of entrepreneurship is for the entrepreneur to acquire all round satisfaction at all stages of life. The activities engaged in by the entrepreneur should not limit the workers from attaining satisfaction at all levels. Being an entrepreneur means embarking on a journey for irrational and passionate people who believe in the face of doubt. More so, the significance of sharing ideas on entrepreneurship with other experienced people will help boost the initial goals. VCs are driven by risky ideas hence need potential leaders to guide them and not just followers.
Wednesday, February 26, 2020
INTERNATIONAL MARKETING - Essay Example The paper also analyses the significance of the food industry and major factors forming and regulating the industry and the environment under which it experiences its gradual but continuous growth. The present study also makes SWOT analysis of the topic under study keeping in view cultural factors and global phenomenon within which the industry observes significant boost during the last century. The future trends and dimensions of the industry have also come in the fold of present study. International marketing refers to the carrying out and management of marketing activities in more than one country. In other words the term refers to the commercial transactions of the product of a company in international market for the consumers of other states along with the country where the product is being manufactured. The world has been transformed into the global village in the contemporary age where the activities in one part of the world are monitored and taken into account in all other parts of the globe too with keen interest. These activities have introduced new trends and dimensions in the changing market scenario. The companies also present their products for the consumers abroad by launching comprehensive campaigns regarding marketing and advertising to introduce before them the benefits these products contain. Western nations and especially the United States rely on thousands of independent enterprises to convert resources into desired goods and services. Moreover, these enterprises provide most of the initiative for improving and adapting the flow of goods and services to new wants. (Newman & Logan, 1976:1) Hence marketing research and plans have become essential parts of strategic analysis. ABC Food Company is one of the famous food brands of the USA, which has grown in an environment of perfect competition. The USA is famous for holding world-class food brands including McDonalds, KFC, HFC,
Monday, February 10, 2020
Purpose of Schooling from the Past to the Present - Essay Example Jefferson also had a strong belief that without and educational background people would never really have any idea of what true freedom was. Jefferson is quoted as saying, "If a nation expects to be ignorant and free, in civilization, it expects what it never was and never will be" (Padover 1952). Therefore the belief from education to the past and currently in the present still exists to be that without an education people will only dream of what they want to be in life and what they would love to achieve. In order for great things to happen one has to have knowledge of their past and a good knowledge of their future through the gift of education. In colonial times the main structure of education was situated around learning English, Reading, Writing, History, and Arithmetic due to the fact that these five areas are and have always been considered to be the most prudent areas to have knowledge about in life. Also, there were public schools just as there are today and there existed private schools as well but in colonial times the only children that could have the possibility of attending where all white and came from very influential and prosperous families (Mapp 1991). Many studies have also found that poor children did not have the ability to attend any type of formal schooling due to the fact they did not have the clothes or supplies to be able to afford going and also due to great fear of not fitting in. Not only this but it was also in part on the fact that their parents needed them more on the farms working for monetary compensation to sustain the family than taking the time to receive a proper education. Therefore thes e children studied through apprenticeship (Pulliam & Patten 1999). Furthermore, those that did venture into elementary school only took time to learn the basics of schooling in order to function decently in society but their knowledge was very limited. Basically the learning process consisted of a lot of memorizing and those who did not study and learn where often whipped, which is similar to the style of punishment today in schools with the principal paddling students who act up in class. However, in colonial times the punishment for disruption was much harsher than it is today. The first textbook came from New England and was titled, "The New England Primer" and formed a part of America's contribution to young people's education. This text was used from 1609 all the way up until the mid 19th century to teach religion and reading (Pulliam & Patten 1999). For instance, for every letter of the alphabet that a child learned they also learned a religious scripture as well. Such as for the letter a, they learned "In Adams fall, We all sin." (Pulliam & Patten 1999). This shows that in the colonial period schools were greatly influenced by religion and when compared to today we can see a stark difference because religion in the public school system has all but been taken out of the teaching curriculum. Benjamin Franklin also had a great role in the educational process during the late colonial period as well, in fact possibly just as influential as Thomas Jefferson was to the learning process of the various time periods. As the times progressed in the learning envir onment for Americans the more the attitude grew that necessary
Thursday, January 30, 2020
The most effective visual images Essay It was a dull night in November, I had completed my work. I accumulated all the equipment that I would use to breathe life into the lifeless monster on the ground; I was so nervous that I was nearly in pain. By one in the morning, the rain fell gloomily on the windows. My candle was about to go off, when I saw the yellow eye of the monster open. It breathed in deeply and an unexpected motion vibrated his limbs. Could I describe my feelings when I saw this? How could I create such an ugly man? His body had a nice figure and I tried to make him look good, but he came out extremely butters. Oh my days! He was uglier than the devil himself. Through his yellow skin, I could see the muscles and veins. Can you imagine, his hair was pure black and his teeth were white like WOH! The nasty difference was his dull eyes that appeared to be almost the same colour as his yellow face, apart from his proper thin black lips. To get to this point I worked for almost two years, you know. I went without rest and I even made myself sick, blad. I wanted this moment more than a man should want anything, now I had finished my work, the buffness that I had imagined it to be had gone and now I am full of disgust. Man, this thing that I have created was so butters, I would go blind if I looked at it. I quickly went out of the lab and for ages I was walking up and down my bedroom, trying to cool down, you get me. I did fall asleep, but it was proper edgy, full of bare nightmares. By Vivian Amobi Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Mary Shelley section.
Wednesday, January 22, 2020
Effective Punishment in Hawthorne's The Scarlet Letter Hawthorne, Author of The Scarlet Letter, criticizes that the style of punishment used by the Puritan Religion was radical, inhumane, and cold. He argues that the outcome of their punishments' was damaging to the characters and their personality. However, this accusation is false. The punishments although seemingly inhumane, caused positive outcomes for all three characters Hester Prynne, Pearl Prynne, and Arthur Dimmesdale. Hester Prynne is accused of adultery in a Massachusetts puritan colony in the 1600's. (Hawthorne, 49) Although Hawthorne argues that Hester Prynne was hardened both socially and physically by puritan punishment, the outcome makes her more independent and stronger as a person. She begins to aid the less fortunate, sick, and poor in her community. "so strong was Hester Prynne, with a woman's strength." (Hawthorne, 148). The community begins to accept her as a humanitarian, and realize that she is actually a very giving and strong willed person (The Scarlet Letter). Hester begins to think more independ...
Tuesday, January 14, 2020
Foreign Direct Investment (FDI) occurs when a firm invests its resources in business activities outside its country (Hill, 2002, pp. 8). This essay will critically evaluate the impact of inward FDI in an emerging economy of Lithuania. First it will be looked at the impact of FDI on technological development and its importance for a country, particularly in Lithuania. Further discussion will be carried to effects on competition and its development, some negative side effects will be mentioned. Later it will be looked at what effect FDI has on Lithuanian national sovereignty and autonomy. Finally conclusions will be provided. Technological diffusion plays central role in the process of economic development (Borensztein, 1995). Emerging economies domestic growth rates are highly dependent on the growth rates of the rest of the world. Therefore, economic growth rates of emerging economies such as Lithuania depends on the extent of a Ã¢â¬Å"catch-upÃ¢â¬ process in level of technology by adopting and implementing it from leading countries such as for example United States. The main reason is that developing countries lack their own resources in developing own indigenous product and process technology. Such countries must rely on FDI by advanced industrialized nations and multinational corporations (MNCs) for much of technology required to stimulate economic growth. Findlay (1978) claims that FDI increases the rate of technical progress in the host country. Lets look at the example of Mazeikiu Nafta Ã¢â¬â the largest oil refinery complex in the Baltic region. Lithuania was not able to keep up with technological advances, therefore from early 1980 it had to trust on FDI from other countries. Back then with help of Soviet Union it was one of most modern oil refineries. Later on after the collision of Soviet Union Lithuania was unable to keep up with technological changes so it started inviting foreign investors. One of them was US based MNC Williams International, which promised reconstructing the refinery. However due to legal reasons acquisition was stopped and new investor from Russia came. Yukos promised to modernize and bring Mazeikiu NaftaÃ¢â¬â¢s production to western markets. One of the biggest projectÃ¢â¬â¢s with Yukos was the completion of Bugtine Terminal for crude oil export and import. One of other positive contributions of FDI to a host economy is the upply of capital, management techniques and skills. MNCs have world vide access to individuals with more advanced skills and knowledge. Local employees can easily transfer knowledge and skills from more advanced companies to local firms or even set their own firms. New organizational practices and management techniques are also brought to country with FDI. Local firms copy them in no time. This happened in Lithuania. Latvian company Ã¢â¬Å"Double-CoffeeÃ¢â¬ opened their restaurant in Lithuania, because there was a good market opportunity as there were no other coffee shops. Pretty soon there were other local coffee restaurants and coffee shops that opened for instance Ã¢â¬Å"Coffee InnÃ¢â¬ . This was a clear result of knowledge transfer by FDI. FDI by Latvian company had an effect on competition and economic growth of the industry. Adequate level of competition leads to efficient functioning of a market. With different coffee shop brands in Lithuania consumer choice has increased, therefore prices have been driven down this way the economic welfare of consumers was increased. Increased competition tend to stimulate capital investments by firms in plants, equipment, and R&D as they struggle to gain an edge over their rivals (Hill, 2002, p217). FDI in coffee shop industry had a positive impact on service quality, because here export was not an option so it had to be produced where it is delivered. Despite all the positive effects FDI had some negative ones too. In grocery store market some foreign MNCs came into the country which have greater economic power than some local ones. Swedish Ã¢â¬Å"Rimi BalticÃ¢â¬ was one of the first big MNCs to come into this sector, then Ã¢â¬Å"IKIÃ¢â¬ followed. They have Ã¢â¬Å"crowded outÃ¢â¬ local grocery store Ã¢â¬Å"LenstataÃ¢â¬ . Ã¢â¬Å"LenstataÃ¢â¬ was unable to reach maturity for full competitiveness against foreign competition, the maturig process also didnÃ¢â¬â¢t take that long so that the discounted preset social costs could outweigh the social benefits. Other small town local shops were also crowded out because they simply couldnÃ¢â¬â¢t offer same variety of goods. Crowding out in this sector in Lithuania can impose a long-term cost on its economy it if holds back the development capabilities or retards the growth of local innovative base. FDI in Lithuania has some negative impacts on national sovereignty and autonomy. FDI from Yukos, Ã¢â¬Å"Rimi BalticÃ¢â¬ or other MNCs can cause some loss of economic independence. Key decisions that may affect economy are now made by MNCs controlling such important sectors as for example oil refinery or grocery store industry. The concern is that the governments has no real influence over this. For such as small economy a LithuaniaÃ¢â¬â¢s this is a threat, because foreign MNCs have no real commitment to the country, however very real impact on its economy. To conclude, this essay has looked at what impact does FDI have on Lithuanian emerging economy. Using various sources evidence was provided to support statement that technological development has an effect on countries overall development. The case of Ã¢â¬Å"Mazeikiu naftaÃ¢â¬ was mentioned, evidence on what impact foreign MNCs on companyÃ¢â¬â¢s technological development have was provided. Further discussion was brought to economic impact, example of what positive impact did FDI from Latvian MNC have on Lithuanian coffee market was given. Negative impacts on the economy of Lithuania were also mentioned and the example of grocery stores was provided. References: Borensztein, E. & De Gregorio, J. Lee, J-W. , (1998). Ã¢â¬Å"How Does Foreign Direct Investment Affect Economic Growth? Ã¢â¬ Journal of International Economics, vol. 45(1), pages 115-135 Coffee Inn, (http://coffee-inn. lt/blog/apie) [Accessed: 05/12/2009] Double Coffee , (http://www. doublecoffee. lv/eng/company/history/) [Accessed: 05/12/2009] Hill, Charles W. L. (2009) International Business: Competing in the G lobal Marketplace, 7/E, McGraw-Hill Irwin. Lideika, Petrauskas and Valiunas, Doing business in Lithuania (http://www. lexmundi. com/images/lexmundi/PDF/guide_lithuania. pdf) [Accessed: 30/11/2009] Mazeikiu nafta AB annual report, (http://www. orlenlietuva. lt/repository/pdf/reports/Annual99. pdf) [Accessed: 07/12/2009] Mazeikiu Nafta (http://www. randburg. com/li/maznafta. html) [Accessed: 07/12/2009] New Nations, (http://www. newnations. com/Archive/2002/November/lt. html) [Accessed: 07/12/2009] OECD, Reviews of Foreign Direct Investment, Volume 13, Lithuania RIMI Lietuva, (http://www. rimi. lt/apie-rimi/rimi-lietuva/rimi-istorija/199) [Accessed: 05/12/2009] UAB Ã¢â¬Å"IKIÃ¢â¬ (http://www. iki. lt/lt. php/apie/dabar) [Accessed: 05/12/2009] World Investment Report (1999), UNCTAD.
Monday, January 6, 2020
Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1,1976. Apple was incorporated as Apple Computer, Inc. in 1997 and later renamed Apple Inc. to highlight its shift in focus towards consumer electronics in 2007. Apple is the world s largest information technology company by revenue, the world s largest technology company by total assets, and the world s second-largest mobile phone manufacturer. Apple became the first U.S. company to be valued at over US$700 billion. As of March 2016 Apple operates and maintains 475 retail stores in seventeen countries. Apple also owns and operates the online Apple Store and iTunes Store. The iTunes Store is the world s largest music retailer. For the fiscal year ending in September of 2015, Apple s worldwide annual revenue was $223 Billion. McDonald s is the world s largest chain of hamburger fast food restaurants, serving around 68 million customers daily in 119 countries across more than 36,000 stores. Mcdonald s was founded in 1940. Mcdonald s was originally a barbecue restaurant owned and operated by brothers Richard and Maurice McDonald. In 1948 the two brothers reinvented their business as a hamburger restaurant using production line principles. Businessman Ray Kroc joined the company as a franchise agent in 1955. In 1955 Ray Kroc entered the company as a franchise agent, where he later purchased Mcdonald s from the two brothers. A McDonald s restaurant is operated by either a franchisee,Show MoreRelatedAnalysis Of Apple Inc. 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