Enterpreneurship Theories and Practice - 5458 Words

1. Introduction This article highlights key issues / factors that motivated MrJohnston to start his business. These key issues will be analysed using the external and internal factors of entrepreneurship. The internal factors will include theories such as personality theories, behavioural theories and sociological and cognitive approaches studied by various individuals and groups. We will also apply the Krueger Model which is an integrated approach to entrepreneurship. We will briefly examine certain external factors that could contribute to / influence the behavioural characteristics of an enterprising individual, especially the cultural, political and economic conditions. We will also discuss Mr Johnston’s views and practices on†¦show more content†¦3. Internal Influences Formation of an enterprise depends on enterprising individuals. There have been many studies and approaches to analyse what makes some individuals more enterprising than others. We will first look at some of the internal factors and related studies to explore what makes Mr Johnston an enterprising individual. 3.1 Personality Theories Trait theories These theories of enterprise consider that it is the personality / traits of the entrepreneur that defines their actions. The traits most often proposed by various approaches are achievement motivation, risk-taking behaviour and the desire for control. However there are traits such as need for autonomy, determination, initiative, creativity, self-confidence and trust, which have also been observed. Mr Johnston particularly displays the achievement motivation trait. He strives to be the best at what he does and likes the challenge of being in that position. He was very sporty and competitive as a child and always wanted to win. As an adult he always wanted to be the best at any job he did and as an entrepreneur he wants to be best in the industry. He thrives on competition and winning. Although the content theories suggest that individuals have basic needs and when a particular need is not satisfied, an enterprising person experiences unease. They then attempt to satisfy this need by attaining goals that have the capacity to meet the need. It has been suggested that this isShow MoreRelatedEffects of Social Networking on Business Growth Development3775 Words   |  16 PagesGrolier: Marketing management is faced with the necessity of studying price and price reactions more deeply than has been done in the past. Consumer income and demand will be watched with special care to determine reaction to price both in theory and in practice in the market. Much more will have to be known concerning geographic differences in demand. The regionalizing of magazine advertising is only a beginning in the direction of sectionalizing markets. Markets segmentation will require greaterRead MoreSocial Entrepreneurship : Growth And Challenges2024 Words   |  9 Pagesentrepreneur app roach toward identifying the practical solutions to social problems by combining innovation, resourcefulness and opportunity. These entrepreneurs find out innovative processes, services and products, or indistinct ways of merging proven practice with innovation to address difficult social issues. So the focus of their work is on development of an enterprise, education, environment, health and labor conditions or human rights, social entrepreneurs are people who acquire on the problems madeRead MoreEntrepreneurship Is The Search Of Chances Involving Major Threat Essay1892 Words   |  8 Pagesmedical attendant is independently employed and is straightforwardly responsible to the customer (e.g., individual, private, or open association) for whom they give administrations (Liu D Aunno, 2011). Such attendants may lead an autonomous clinical practice; possess a business (e.g., nursing home or pharmaceutical organization); or maintain a consultancy business in, for instance, training. Criticize in public private partnership Yet the better execution of the private area is not borne out by the confirmationRead Moreâ€Å"Today’s Internet Is Killing Our Culture and Assaulting Our Economy† Andrew Keen (2007). Critique This Viewpoint.3659 Words   |  15 PagesBitTorrent etc. P2P software can only be useful for illegal transmissions. However, the Blizzard gamming company uses this technology to release the latest game demonstration to the market. 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Essay about The Role of Women in the American Civil War

When the American Civil War began on April 12th, 1861, over 3 million Union and Confederate soldiers prepared for battle. Men from all over America were called upon to support their side in the confrontation. While their battles are well documented and historically analyzed for over a hundred years, there is one aspect, one dark spot missing in the picture: the role of women in the American Civil War. From staying at home to take care of the children to disguising themselves as men to fight on the battlefield, women contributed in many ways to the war effort on both sides. Though very few women are recognized for their vital contributions, even fewer are The women during the war felt an obligation to assist in one form or another. Many†¦show more content†¦Mrs. Gordon Example (Confederate Wife) Union and Confederate generals brought their wives either because they longed for their company or the wives determination to accompany their husbands could not be ignored. I wish the Yankees would capture Mrs. Gordon and hold her till this war is over (Volo 170). Hawks (Union Nurse) Esther Hill Hawks, M.D. is one of the many women that decided to stay away from the battlefields in order to support the Union Army. She and her husband were well to do doctors that worked in a hospital that took in and cared for black soldiers. On one day Hawks was to expect over five hundred wounded soldiers. Two severe amputations today neither surviving but a few hours. One of these, a boy hardly 20 years old, Charley Reason formerly a slave, but of late years resident in Syracuse NY., I have taken a great interest in; he is such a noble looking fellow, and so uncomplaining (Hawks 51). I know what I am fighting for, only a few years ago I ran away from a man in Maryland who said he owned me and since then Ive worked on a farm in Syracuse but as soon as the government would take me I came to fight, not for my country, I never had any, but to gain one (Hawks 51). Sally Louise Tompkins (Confederate Nurse) Sally Louise Tompkins, of Virginia, was 28 years old when the Civil War broke out. At the time Tompkins was an established nurse and philanthropist. She feltShow MoreRelatedThe Civil War: Changing Roles of African Americans and Women2269 Words   |  10 PagesLopez, Robert Gillis-Smith, Beth English M01A The Civil War: Changing Roles Of African Americans And Women There were several events that lead to the American Civil War. The Northern states wanted African Americans to be free from slavery, while the Southern states wanted to continue owning them. The Northern states didn’t need slaves for their economy to thrive, as opposed to the Southern states, where their economy relied heavily on the slave’s free labor. 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Credit Lending and Decision

Question: Discuss about the Credit Lending and Decision. Answer: Introduction: A number of ways can be used enhance the loan approval probability in a number of ways. Sengupta Fibres Ltd can adopt the following measures to increase the probability of getting a loan from the business entity. Re-innovate the existing metrics to enhance the visibility - The entity can focus on the existing working capital requirements in the organizations. In this regard, it can be said that the metrics in the organization indicates the operational processes of the business entities and defines the measures that the entity can adopt to enhance the financial position of the organization. As such, it can be said that the Sengupta Fibres Ltd can emphasize on the existing financial policies of the business enterprise to consolidate its financial position in the market. As such, it can be said that there are several factors that can be taken to consideration, which includes depreciation, interest, taxes to consolidate the financial situation of the business entity. The changes in the Working capital situation of the organization by taking certain effective measures. As such, it can be said that there are certain effective measures that can be taken to enhance the presence of funds to address the fund needs of the business organization. Gathering of Data - It is necessary that the effective measures are taken to constantly emphasize on the Working capital situation in the country. As such, it can be said that the inventory levels in the organization have to be effectively organized to determine the working capital levels in the organization. According to the collection of data in the organization shall be effectively organized to assess the working capital requirements in the organization. The auditing data in the organization shall relate to the operational processes in the business entity. The gathering of data is a constant procedure to analyze the operational policies of the business entity, Gathering effective targets - Setting effective financial targets for the business entity shall assist in achieving the financial targets set at the outset. As such, it can be said that the achievement of financial goals in the organization would enable the entity in developing a positive perception on the stakeholders. This would also strengthen the inherent financial position of the business entity, thereby, leading the business entity to its growth. Maintaining the momentum -- It is necessary that the momentum is maintained to enable the business entity in achieving further growth. As such, it is necessary that there is a level of constancy in the financial policies executed by the business entity. It is necessary that the financial policies executed by the business enterprise are not changed and is retained over a considerable period. It is necessary that there is no considerable sum of loan that the firm has to bear. This shall hamper the loan approval procedure of the organization. This shall have a negative influence on the loan granting authority of the organization. According to , the primary consideration in the process of granting loan for the organization is the presence of substitute brands in the market. In this regard, it can be said that the presence of sums in the organization shall assist the paying off the short term and the long-term loans in the organization.As per the article presented by Ryan Davis and David Merlin, proper forecasting of the sales revenue in the business organization. The sales revenue in the business entity shall have a considerable impact on the amount of loan that is required for approval in the business entity. According to, the presence of substitute brands shall decrease the market share of the company. In addition, constant sales revenue shall assure the loan granting authorities of the ability to pay off the loans of the organization. In this regard, noted that the financial and the non financial incentives offered to the business enterprise shall be an essential determinant on the loan granting powers of the business entity. Besides this, several factors can be looked into in analyzing the operational policies of the business enterprise. These include - the scale of operations and the requirement of the additional expenditures of the business entity. According to, the amount of loan in the business entity taken by a business enterprise shall depend on the needs of the enterprise. In this regard. that the needs of the business entity shall be aligned with the long term goals and the objectives of the entity. As such , it is necessary that the operational policies of the business entity shall have to be aligned as per the long term objectives and the goals of the entity . As per th e article by Ryan Davies and David Merlin, the loan granting procedure depends upon the following factors Relationship with stakeholders - A proper relationship with the stakeholders of a business entity shall create a positive perception on the stakeholders of the organization. According to this shall enhance the operational policies of the business entity and develop proper goodwill and reputation in the market. A proper relationship with the stakeholders of the organization shall reflect the positive attributes of the entity, which includes - trustworthiness, substantial financial resources and the profitability position of the business entity. Therefore, it is necessary that the stakeholders of the organization consisting of the investors and the shareholders of the business entity. Existing financial position - The existing financial position of the business entity shall have a major influence on the loan granting procedures of the business entity. In this regard, it can be said that the operational strategy of the business enterprise. According to , the loan granting system shall be successful if every aspect of the operational and the marketing policy is analyzed. Special emphasis shall be laid on the financial position of the business entity. The market position - The market position of the business enterprise shall be evaluated, in the context of the existing market position. In this regard, it can be said that the presence of substitute brands in the market shall pose a threat to the existing business sustainability of the entity. According to, the market position of a business entity has a considerable impact on the market sustainability and the financial position of a business entity. As such, it is necessary that the loan granting procedures shall have an impact on the financial strategies and the loan granting procedures of the business entity. The cash flow analysis in the existing financial year shall have an impact on the operational strategy of the business entity. As such, it can be said that the cash flow analysis reflects the cash position in a particular accounting year. As such, the cash flow analysis reflects the presence of cash funds in the business organization. In the case of Sengupta Fibres Ltd there are substantial amount of cash funds present in the business entity . Mentioned that those expansive operational strategies shall require the presence of additional funds in the organization. In the context of Sengupta Fibre Ltd, there are substantial amount of funds present in the organization. The ratio analysis technique has been a essential support to the management of the business entity. The solvency ratios in the organization relates to the ability of the business enterprise to pay off the short term as well as the long term loans of the business entity. Therefore, as per the ratios analysis technique, the Sengupta Fibres Ltd is in a proper financial position to assist the business entity in its growth. Besides this, the ratio analysis reveals the operational processes of the business growth Adhering to the loan procedures- Strict adhering to the loan procedures shall assist the organization in getting a loan approval in an effective manner. Thus, all the legal technicalities have to be duly complied to convince the authorities about the need for a substantial amount of loan in the organization. According to, the loan procedures in the organization are largely dependent on the procedures followed in the business organization. The loan granting procedures shall be fair and transparent if the procedures are followed in a proper manner and no information is hidden. References Abdesamed, Khalid Hassan, and Kalsom Abd Wahab. "Financing of small and medium enterprises (SMEs): Determinants of bank loan application."African Journal of Business Management 8.17 (2014): 1. Altman E and others, Managing Credit Risk (Wiley 2013) Arregui N and others, Evaluating The Net Benefits Of Macroprudential Policy (International Monetary Fund 2013) Arregui N and others, Evaluating The Net Benefits Of Macroprudential Policy (International Monetary Fund 2013) Deroy, Craig I., et al. "Product, system and method for certification of closing and mortgage loan fulfillment." U.S. Patent No. 8,527,401. 3 Sep. 2013. Golin J and Delhaise P, The Bank Credit Analysis Handbook (Wiley 2013) Haron, Hasnah, et al. "Factors Influencing Small Medium Enterprises (SMES) in Obtaining Loan." International Journal of Business and Social Science 4.15 (2013). Humphrey, Chris, and Katharina Michaelowa. "Shopping for development: Multilateral lending, shareholder composition and borrower preferences." World Development 44 (2013): 142-155. Laudon K and Traver C, E-Commerce (Pearson 2013) Moran, William. "Method and apparatus for home buyers loan approval validation." U.S. Patent No. 8,108,303. 31 Jan. 2012. Newton R, The Management Consultant (Financial Times/Prentice Hall 2010) Ng J, Essays On The Industrial Organization Of Credit Markets (2013) Ntiamoah, Evans Brako, Beatrice Opoku, and Mark Agyei-Sakyi. "Examining the Credit Granting Process in a Commercial Bank."International Journal of Management Sciences and Business Research3.12 (2014): 59. Ozhegov, Evgeniy. "Modeling Demand for Mortgage Loans Using Loan-Level Data." Financial Econometrics and Empirical Market Microstructure. Springer International Publishing, 2015. 241-248. Riley, Brett W., Jamison V. Kovach, and Lila Carden. "Developing a policies and procedures manual for a consumer lending department: A design for Six Sigma case study." Engineering Management Journal 25.3 (2013): 3-15. Whittington R and Delaney P, Outlines And Study Guides (Wiley 2011)

Mercedes Zuniga Essays (1873 words) - Demography, Population

Mercedes Zuniga Professor Norton English 1C March 23, 2017 Overpopula tion Is overpopulation a serious problem? This question seems to be asked quite frequently lately. O ut of all the issues that effects our world on a daily basis, it is shown that overpopulation is one , if not, is our biggest issue in our environment that is only getting worse due time, e specially due to the rapid growth of the human population and the limited resources that are left on earth. In the last two centuries, population has skyrocketed. In 1800 the world population was only at one billion, and today it's estimated that the world population ex ceeds six billion people. It is made clear that w ith overpopulation, many problems have arisen. Some believe that overpopulation is the reason for world hunger, global population will reach crisis proportions by 2050, and some believe that overpopulation will bring the extincti on of the human race. Overpopulation is a real significant reason why today's current environmental status is in such critical condition. Even Dr. Charles A. Hall, who is a systems ecologist, states that, "Overpopulation is the only problem, if we had 100 million people on Earth or better yet 10 million, no others would be a problem." Which helps prove that overpopulation is a major issue that we must act upon if we want to save our world. More people on earth equals to fewer resources to be left which is a contributor to creating waste in our environment. For example, to breakdown some statistics, a child that is born right now in the United States will at least create about 52 tons of garbage and will consume about 11 million gallons of water by the time the baby wil l reach the age of 75 years old ("World Overpopulation Awareness", 1998) . Though think that is only taking into consideration of only garbage and water, and not even going into depth about other aspect such as food or energy this baby will eat or use in its life time. One can only imagine just how much more resources will be consumed and needed to be used by just a single individual, within an average life span. Because of this, a lot of the natural resources that the world population is using up at this moment, will eventually run out from the earth and will never return if we continue to use them at the rapid rate that we are current ly using the worlds natural resources at now. Many of these resources are key components to survival, though if we do not pace ourselves and choose to continue to rapidly use up all the resources, then we are not going to see positive results and might have to take extreme precautions since we would be hurting ourselves more than we would be benefiting ourselves. Conserving, and using our resources little by little is one out of a few ways that would hopefully benefit our futures greatly and for the better. There are a few solutions to this overpopulation issue, though they seem a tad bleak due to the fact that our population is growing at a ridiculous rate, and the odds to slowing down the growth rate do not seem probable. Currently, our world population is said to be estimated to about 6.765 billion people and due to the many causes of overpopulation, that number is expected to increase to 8.9 billion people living on earth by 2050. Also, statistics from (http://www.overpopulation.org/faq.html) state that "if the number of births per year continues to be constant, the current population would eventually peak a population of 296 billion human beings on earth in the matter of just 150 years." Dr. Susan Seneca h , who teaches the history of the American environmental movement, states, "But, whether developed or developing, everyone is encouraged to want' and perceive that they need' to consume beyond the planet's ability to provide." Which a very true statement basically sa ying that no matter if our world is good on a certain recourse or low on a certain resource, everyone on earth has the free will to obtain as much of that resource as they desire. Even