Marketing & Entrepreneurship What makes entrepreneurs successful Is it Essay

Marketing & Entrepreneurship What makes entrepreneurs successful Is it skill or luck - Essay Example In this paper, the researcher will use example of Sir Alan Sugar who is not only the founder of consumer electronics giant Amstrad but also the example for entrepreneurs across the world. Sir Alan Sugar established the company at the age of 21 when majority of his classmates were learning in the colleges in order to get job. Before retiring from the organization, Sir Alan Sugar transformed Amstrad from start up venture into electronics giant which is synonymous with innovation, value for money offering and customer loyalty. Was Sir Alan Sugar a magician who is blessed with sheer amount of luck or Sir Alan Sugar was a hardworking individual who used skill and intuition to build the Amstrad Empire? At this point, the essay is not mature enough to answer the question but it is expected that at the end of this essay, the answer will be revealed. One has to understand theoretical underpinning of entrepreneurship before answering the above question whether luck is important or not in makin g an entrepreneur successful. Hence, in the next section, the researcher will try to figure out pertinent variables that affect the success of an entrepreneur. Modern research scholars such as Coulter (2001) and Kirby (2004) defined entrepreneurship as the process with which a particular individual or set of individuals try to fulfil their objectives by creating value for people in the society. Nixon (2004) and Van Praag and Cramer (2001) argued that it is not necessary for entrepreneurs to create value for society rather it is more important for an individual to fulfil existing needs through innovation and unique offer in order to classify as entrepreneur. It is understandable, why management scholars tried to identify the role of luck for an entrepreneur, because giving importance on luck factor will probably disregard the importance of management skill in developing a successful enterprise. Research scholars such as Kaplan and Schoar (2005) and Hochberg, Ljungqvist, and Lu (2006) nullified the importance of luck in helping an entrepreneur to become successful. These research scholars have given examples of successful enterprises that are funded by more experienced venture capitalists in comparison to enterprises that failed due to inexperience of venture capitalists. Hochberg, Ljungqvist, and Lu (2006) strongly argued that a more experienced and skilled entrepreneur has more probability to succeed in comparison to a novice entrepreneur. Eesley and Roberts (2006) raised question over role of luck in helping an entrepreneur to succeed in a competitive environment. According to them, people often mistakenly identify the skill, experience and strategic intelligence of the entrepreneurs as the sheer amount of luck. Eesley and Roberts (2006a and 2006b) amusingly pointed out that there is no such thing as luck for an entrepreneur because an entrepreneur can move ahead in business by understanding the market need and fulfilling the need of customers by offering them value. Research scholars such as Eesley and Roberts (2006a) and Kaplan and Stromberg (2003) found that successful entrepreneurs are those who do not stop estab lishing new enterprises after failure in the previous start-ups. It is evident from the research works of previous research scholars that luck plays very little role in helping an entrepreneur to establish successful enterprises. In such context, Chatterji (2005) showed that experience in working in a particular

VIS 2 Final Paper Article Example | Topics and Well Written Essays - 1250 words

VIS 2 Final Paper - Article Example This piece of work is characterized by stained glass that provides vibrant views hence creating a sense of feeling to the audience. In addition, the stained glass has vibrant patterns that shine upon someone teeth, characterizing the essence of paint. This piece of artistic work reminds me of one the greatest actress known as Linda Montana. This is one of the outstanding actress well known for artistically work such as â€Å"Pennies from Heaven performed in the year 1981 and â€Å"Americathon† in the year 1979 among others. Linda Montana has articulated real life situations through her acting perception. My stained glass of cathedral artistic work, gives us a clear understanding that the colors and clarity of artistically unveiled work speaks a lot to the audience (Howie, 102- 113). In addition, this artist is one of the greatest performing artists ever heard as far as the artistically work is of concern. This artist has performed outstanding piece of work especially in the year 2010 when she unveiled their artistically work entitled â€Å"The Artist is present.† Through this work, we learn that each and every artistically work passes a message to the audience. Like on my artistically work, the stained glass of cat hedral has vibrant patterns that shine upon someone teeth’s, characterizing the essence of paint and this is a point of attractions that creates the essence of eagerness as far as the audience is of concern (Jongh and Gold,  282 - 287). Various lifetime projects including â€Å"Seedbed† was unveiled by Linda Montana on the purpose of involving public in the production of work by creating a situation of reciprocal interchange among the artists and viewer. Various piece of work produced and acted by various artists symbolizes either an event or a moment of remembrance. I was one of the lucky people here on earth to share a piece of moment with grandfather before he died. He was a man full of joy and he loved most

The Principals And Benefits Of Ecotourism Tourism Essay

The Principals And Benefits Of Ecotourism Tourism Essay According to the world tourism organization tourism encompasses the activities of people traveling to and staying at places outside their normal environment for not more than one consecutive year for relaxation, business and other objectives not related to the exercise of an activity paid for within the place visited. Ecotourism as a word is short for ecological tourism. As the name suggests ecotourism is conscientious travel to natural areas which conserves the environment and improves the well-being of the local people (TIES, 1990). This therefore means that ecotourism is primarily about bringing together conservation, communities and sustainable travel. Tourism as a whole accounts for $ 3.6 trillion in economic activities and 8 percent of all jobs worldwide. Within this industry, ecotourism is by far the fastest growing sub-sector; it is expanding by 20-34 percent per year since the early 1990s. Its considered more environmentally sustainable than the other sectors of tourism. This means that it is viewed as a form of tourism that can maintain ecological balance: it exploits natural resources without destroying the ecological equilibrium of an area (Fennel, 1999). Principals of ecotourism To unite conservation, sustainable travel and communities those practicing ecotourism should follow the principals of ecotourism. The first is that ecotourism has to do with travel to natural destinations. These places/ destinations are more often than not remote areas and can either be inhabited or uninhabited. Usually these areas are under environmental protection of some kind at international, national, communal or private level. Ecotourism should strive to minimize impact. This is because tourism as a whole causes damage. To minimize impact, ecotourism endeavors to minimize the harmful effects of hotels, trails, along with other infrastructure by making use of available local building materials or recycled materials, renewable sources of energy, safe disposal of waste and recycling, and culturally and environmentally sensitive architectural designs (Font Buckley, 2001). Ecotourism is meant to enable or encourage environmental awareness. This means that ecotourism should provide education for both residents of communities living in the neighborhood and the tourists. Before departure, tour operators should provide travelers with reading materials concerning the environment, its local people and a code of conduct- both for the tourist and the industry itself. This information serves to prepare the traveler to minimize their negative impact as well as learn about the places and people visited. Ecotourism projects should help educate members of the neighboring community, schoolchildren and the larger public in the host country. To do this they should offer reduced entrance and lodge fees for nationals as well as provide free educational trips for local students and those living near the tourist attraction (Honey, 2008). Ecotourism should provide direct financial benefits for conservation. This therefore means that ecotourism should help raise funds for environmental research, protection and education. This should be done using a variety of means which include: park entrance fees, hotel, tour company, airline, and airport taxes along with voluntary contributions. The tourism should afford financial benefits and empowerment to the local people. For their survival, national parks and other conservation areas, should strive to have happy people around their perimeters. To do this the local community should be involved with along with receiving income and other tangible benefits from the conservation area and its tourist facilities. This means that lodges, campsites and other concessions should be run by or in partnership with the local community. For ecotourism to be viewed as a tool for rural development it should aid in shifting the political and economical control to the local community. This is difficult and time consuming but must be observed by foreign operators (Hudspeth, 2005). Ecotourism should show respect for local culture. This means that it should be less culturally intrusive than conventional tourism. It strives to have a minimal effect on both the natural environment and the human population of the host country. Part of being a responsible ecotourist is learning the local customs, dress codes and social norms beforehand and respecting or following them. Ecotourists should also not intrude on communities unless invited or as part of a planned tour. Ecotourism should support human rights and democratic movements. It demands its participants to respect, learn about and try to benefit both the local environment and communities. Giving economic benefits and showing cultural understanding to local communities cannot be separated from appreciating their political circumstances. Benefits of Ecotourism Ecotourism has its advantages and these can be as an impact to the tourist, the local community or even the host country. Ecotourism is educational to the tourist. By traveling to new places the tourist learns about local plants and animals that hed otherwise not have encountered. The traveler also gets to get a deeper understanding of the local culture this ensures that one learns to appreciate and respect other peoples beliefs. Ecotourism brings the tourist closer to nature, open up the tourists mind to new ideas along with new perspectives on life and other people. It takes them to places less traveled and gives them a wonderful new experience without harming the environment (Newsome, Moore Dowling, 2002). Ecotourism benefits the local community as it enables the provision of employment and infrastructural development. The locals surrounding the national parks or whatever conservation project can benefit from them as the government or foreign investors require services which can be provided by the locals. This in turn also ensures that fewer people migrate to the cities. The local population gains new skills which guarantee that they are not totally dependent on the limited natural resources. Some of the areas may be remote and tourism ensures that infrastructure facilities like water supply and schools are provided in order to keep the locals happy and ensure good services. Ecotourism offers new opportunities for small-scale investments and also increases national responsibility in the protection of biological resources. It therefore acts as a means of socio-economic and environmental uplifting especially in developing countries for which the ecotourism acts as a major source of foreign exchange.Visiting the protected areas such as national parks and reserves contribute towards maintenance of the parks or reserves. This is possible by the collection of entrance fees and other charges which go towards paying for improvements and salaries for the staff taking care of the facilities. Sufficient amounts of revenue are therefore re-invested in protecting natural habitats (Sindiga, 1999). Disadvantages of ecotourism Ecotourism may lead to an increase in population around an area; there may also be excessive building of resorts in areas where park popularity is very high. While this ensures high revenues, it also increases pressure on land, reducing opportunities for local people to make a living off the land. This is because things like energy sources can be depleted so as to accommodate the hordes of tourists visiting an area. When putting up facilities such as resorts and camp sites, people may be displaced in an example being the Maasai community of Kenya. Habitats may also be destroyed to clear the way for this tourist facilities. Local peoples land may also be expropriated at inequitable prices because of deals made between governments and multinational companies (Newsome, Moore Dowling, 2002). Overcrowding in tourist venues may endanger protected areas. An example of this is instances where excessive viewing of wildlife can disturb animals feeding along with their breeding. Unusual species of plants can also be trampled on or picked by tourists and since vehicles and planes do pollute, the micro climate may change leading to death of various plants and in some instances animals. One of the major reasons why local communities do not support ecotourism in developing countries is the human-wildlife conflict. 70% of wildlife live outside protected areas and feed on peoples livestock and land Honey (1999). This can be the case due to marking off of incomplete ecosystems for protected areas. As a result, wild animals have been responsible for deaths of people and destruction of property. On the other hand, due to this conflict death of some animals has been as a result of people being fed up and killing them (Honey, 2008). Demand for rare birds, animals, animal parts or for souvenirs can promote trafficking of endangered species. This is because sometimes locals do not benefit very much from the reserves leading them to poaching a good example is the elephant tusk trafficking from Kenya to china which initially involves killing the animals illegally (poaching). This can also be as a result of unemployment in the local communities in cases where the staff is brought in from overseas. Ecotourism as in all other forms of tourism may lead to degradation of local culture. This is because locals through interaction with foreigners may adapt some of their behavior and practices leading to a disintegration of their own. Outstanding Issues in Ecotourism Inadequacy of information is one of the issues plaguing ecotourism. An increased amount of quality information is needed about actual and potential economic contributions from nature tourism ventures and practices. The risks associated with ecotourism are also issues that plague it, these risks include poor management which may lead to unregulated nature tourism which may in turn corrode local culture and damage the environment. The perception of locals is also a problem facing ecotourism. The locals in developing countries are sometimes afraid that their parks and protected areas become a playground for tourists instead of benefiting them through farming (Font Buckley, 2001). Conclusion Activities involved in ecotourism are therefore those activities that while making use of natural resources ensure a minimal impact on the ecological balance of an area. Examples of such activities are visiting national parks and reserves, bird watching, hiking through conservations among others. In conclusion, the role of ecotourism is to promote and preserve natural environment and both large scale and small scale attractions play an important role in the economy of the surrounding area. It involves the preservation of natural areas, environmental education, and cultural tolerance all geared towards economic growth. It should therefore be encouraged as it is designed to benefit the tourist, the host population and the environment.

Mill’s Utilitarianism Analysis Essay

Thesis: Objectors of Utilitarianism states that there is no time for calculating and weighing the effects on utilizing the general happiness. On the contrary, Mill says that mankind has been learning by experience the tendency of actions in order to know what is right and wrong. The rules of morality is improvable, therefore we should pass all that experience on others. However, improving the rules of morality is one thing, but to educate it to the younger is another; since there is still much to learn about the effects of actions on general happiness, and all rational people go through life with their minds made up on the common questions of right and wrong. Reasons: 1. Philosopher and the human: They have to acquire experience about the effects of some actions on their happiness and improving it or at least maintain it. . Traveler: Mill uses the traveler going for his destination as for if a man needs to follow the rules of general happiness, we should open the way and direct him to the knowledge, and not to forbid it. 3. Sailors: They go to sea with it calculated on the Nautical Almanac. Therefore, as for the people, they go on the sea of life with a made up mind on the common questions of right and wrong, and more complicated questions of wise and foolish. Discussion: Mill’s defend against the objectors of Utilitarianism is that the rules of general happiness are made up by the experience of the people. Also, it is improvable by teaching it to the younger and other people. But, he also argues that human are rational creature. Human are capable of answering the questions of right and wrongness by their own experience, and they also capable of learning and experiencing more on their way of life.

History of Bar Code and Bernard Silver

What is a bar code? It is a  method of automatic identification and data collection. History of Bar Codes The first patent for a bar code type product (US Patent #2,612,994) was issued to inventors Joseph Woodland and Bernard Silver on October 7, 1952. The Woodland and Silver bar code can be described as a bulls eye symbol, made up of a series of concentric circles. In 1948, Bernard Silver was a graduate student at Drexel Institute of Technology in Philadelphia. A local food chain store owner had made an inquiry to the Drexel Institute asking about research into a method of automatically reading product information during checkout. Bernard Silver joined together with fellow graduate student Norman Joseph Woodland to work on a solution. Woodlands first idea was to use ultraviolet light sensitive ink. The team built a working prototype but decided that the system was too unstable and expensive. They went back to the drawing board. On October 20, 1949, Woodland and Silver filed their patent application for the Classifying Apparatus and Method, describing their invention as article classification...through the medium of identifying patterns. Commercial Use of Bar Codes Bar code was first used commercially in 1966, however, it was soon realized that there would have to be some sort of industry standard set. By 1970, the Universal Grocery Products Identification Code or UGPIC was written by a company called Logicon Inc. The first company to produce bar code equipment for retail trade use (using UGPIC) was the American company Monarch Marking in 1970, and for industrial use, the British company Plessey Telecommunications was also first in 1970. UGPIC evolved into the U.P.C. symbol set or Universal Product Code, which is still used in the United States. George J. Laurer is considered the inventor of U.P.C. or Uniform Product Code, which was invented in 1973. In June of 1974, the first U.P.C. scanner was installed at a Marshs supermarket in Troy, Ohio. The first product to have a bar code included was a packet of Wrigleys Gum.

Bound Feet and Western Dress -Chang Yu-Is Struggle with...

Chang Yu-is Struggle With Identity Are you are confused as to where you are going in life? Do you sometimes feel like you just do not know who you are, or who you want to be? Do not worry, this is not uncommon. In fact, according to psychoanalyst Erik Erickson (1902-1994), most young people ages fifteen to twenty years of age feel the same way. Erickson, a psychoanalytic theorist, took the human life cycle and categorized it into eight stages. One such stage would be identity versus role-confusion. During this stage, adolescents begin to truly form who they are in life. They form their present off of the good and bad experiences of their past. Erickson believes that the stages in the life cycle apply to nearly everyone. It does not†¦show more content†¦Finally her sibling Second Brother went to their mother and told her to stop. Her mother did not want to hurt Yu-i, but felt that if Yu-i did not have beautiful bound feet, she would not find a suitable husband. Only when Seco nd Brother promised to take care of Yu-i should she need to be taken care of did their mother relent. Though her mother relented, many people, especially the elders, thought that bound feet were still necessary to find a good husband. Although Yu-i was happy with her bound feet, many others had mixed feelings about them. This added to the difficulty of finding herself as Yu-i grew up and tried to become her own person. Another change was the education of women. The education of women in China was viewed as unimportant. A womans job was to serve her husband, and she did not need to know the Confucian classics to do that. Growing up,Yu-i had a desire to learn, although she did not know where she got it from. Of the four girls in the family, I was the one who cared the most about education, even from the very beginning. (Chang, 56). Though she was the only girl in her family who desired to learn, many other women of her generation also were starting to become educated. This was another change for China, and another sign showing how important the Western world was becoming. Although Yu-i could not say for certain where her love of education came from, she did believe that it had something to do with how much she respected her Second and FourthShow MoreRelatedStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesCharacteristics of the U.S. Workforce 41 †¢ Levels of Diversity 42 †¢ Discrimination 42 Biographical Characteristics 44 Age 44 †¢ Sex 46 †¢ Race and Ethnicity 48 †¢ Disability 48 †¢ Other Biographical Characteristics: Tenure, Religion, Sexual Orientation, and Gender Identity 50 Ability 52 Intellectual Abilities 52 †¢ Physical Abilities 55 †¢ The Role of Disabilities 56 Implementing Diversity Management Strategies 56 Attracting, Selecting, Developing, and Retaining Diverse Employees 56 †¢ Diversity in Groups 58 †¢ Effective

Social Penetration Theory Is Defined As The Process Of...

According to Irwin Altman and Dalmas Taylor, Social Penetration Theory is defined as the process of bonding that moves a relationship from superficial to more intimate. The theory can be perceived as a game plan for people, especially in a relationship. This can give you guidance on how to interact with individuals in order to establish a stable, and developing relationship through interpersonal communication. For example, when you encounter someone whom you’ve never met before, you may ask some questions to learn a little bit about this person. We tend to exchange information back and forth by asking people questions. Essentially, this is what social penetration theory does. It looks at how we exchange and share information with people that we have never met before and how we self- disclose. Self- disclosure can be separated into the theories three main concepts: depth, breadth, and reciprocity. These important concepts of Social Penetration Theory were clearly shown when I w itnessed an unusual conversation between my roommate, Maddy and a young man named Nick. A typical conversation, turned into an extremely uncomfortable situation for all of us. Something we definitely did not expect. On Thursday after class, my roommates Mckenna, Maddy and I were sitting at the cafeteria tables. All of us were deep into our laptops, and reading assignments, when suddenly a young man approached my friend Maddy. He states: â€Å"Hey, want to go out?† Maddy looked at us as if she had just seenShow MoreRelatedSocial Penetration Theory ( Altman And Taylor s Theory882 Words   |  4 Pages Social Penetration Theory Hermeet Kalsi, Ancheta Aaron, Millie, Stephanie, Lucà ­a Skinner Mission College â€Æ' Social Penetration Theory (Altman and Taylor’s, 1973) The Social Penetration Theory interpersonal communication was proposed by the psychologists and theorists, Altman and Taylor in 1973, with the idea of offering an explanation for the closeness or intimacy that can develop between two people. â€Å"The social penetration theory states that as relationships develop, communicationRead MoreThe Social Penetration Theory Of Interpersonal Communication814 Words   |  4 PagesThe Social Penetration Theory interpersonal communication was proposed by the psychologists and theorists, Altman and Taylor in 1973, with the idea of offering an explanation for the closeness or intimacy that can develop between two people. â€Å"The social penetration theory states that as relationships develop, communication moves from relatively shallow, no intimate levels to deeper, more personal ones.†(Altman and Taylor in 1973.) 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