...|E-Cell | | | |Though tempting, kindly restrict yourself to the space and word limits provided. | | | | | Name: Anu Senan Roll No.: G12010 Mobile No.: 7549066716 Room No. /Hostel: C-16(GMP Block) Why do you want to join E-Cell? (In less than 150 words) XLRI has some of the brightest minds in the country and undoubtedly is a potential breeding ground for many innovative ideas. The E-Cell initiative will provide an avenue for talented people to showcase their abilities and provide them a support system to make their ideas a reality. For this the E-Cell needs to be driven by equally focussed people who believe that innovation and creativity are the way forward. As a member of the E-Cell, I can help brainstorm, provide solutions and be part of a revolutionary team that can encourage people with innovative concepts. As a member of one of the teams (Team Orion) that was shortlisted for the E-Cell venture, I have an idea of what it takes to start...
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...PDA could store your contact info and a to-do list, and sync with your computer. (About.com,n.d). Although smartphone provides you the opportunity to complete everyday tasks effectively it provides you with additional functionality. Smartphones have small screen, keyboards, memory and storage. This minicomputer is convenient, addictive and always used to make telephones calls, linking you to voicemail, call waiting and call forwarding some additional features include, ringtones, answer tones to greet callers while they wait to leave a message. With e-mail, web browsing, multimedia capabilities, address book, calendar, support for Word, and PDF documents, texting and a digital camera. Advantage to the smartphone digital camera is it offers quality, in many styles with a menu selection that allows you to rearrange your images, place your photos in a picture frame, send an email or post them on a social network. (Bruestein, 2012). Smartphones provide you with basic...
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...BUSINESS BACKGROUND 1. Why did you start the bussiness and what motivated you? 2. What/ who motivated you start the business? how gave you the ideas? 3. Did you face any challenges in mobilizing you capital?what were the financial requirements and how did you mobilize funds? 4. Was there any problems in getting employees to work with you? Their skills and qualifications? 5. Did you have any business background before starting up? 6. What were the major challenges that you faced in the process of starting up your business? CHARACTERISTIC OF AN ENTREPRENUER. 1.Educational background? 2. Marital status?(Married/single) 3. Are you a member of any entrepreneurs/SME union or any other networking organization for business people? 4. Which characteristics you possess that you consider to have contributed to your business success? NATURE OF BUSINESS 1. Which products and services do you offer? 2. Who are you major customers and competitors 3. How is the industry today and its market trends? CHALLENGES AND FUTURE PLANS 1. Which business challenges are you facing and which business problems solving strategies have/are putting in place? 2. What are you’re future plans in relation to this business? SUCCESS FACTORS 1. How can you rate you business in terms of quantity of products sold and quality of services offered/quality of employees? 2. What are you major financial resources for business/ 3. Who comprises the management board of your business and which practices...
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...A LEADER, HUSBAND, FATHER, FIRM BELIEVER IN CHRIST, EXORDINARE, AN INTELLECT, SUCCESSFUL ENTREPRENUER, A FAMILY MAN, A MAN OF GREAT INTEGRITY, AND KNOWLEDGE. CAME INTO THIS WOLRD ON THE 22nd OF JULY 1950. BORN AND RAISED NATIVE OF SAVANNAH, GEORGIA AND THE ELDEST OF 5 SIBLINGS. CURTIS KNEW FROM THE DAY THAT HE CAME INTO THIS WORLD HE KNEW THAT HE WAS GOING TO BECOME A GREAT SUCCESS STORY ONE DAY AND THE BEST WAS YET TO COME. BEFORE CURTIS AND I BECAME THE BEST OF FRIENDS. WE BOTH WE’RE SITTING IN THE FINANCIAL AID LINE WAITING TO GET REGISTERED FOR THE FALL SEMESTER AS 1st YEAR STUDENTS AT SCSU. WHEN WE GOT TO KNOW A LITTLE ABOUT EACH OTHER HE TOLD ME WHAT HE WAS GOING TO SCHOOL FOR AND HIS ASPIRATIONS OF BECOMING SGA PRESIDENT SOMEDAY. AS WE BECAME BUDDIES AND VERY CLOSE FRIENDS I BEGAN TO LEARN SOMETHING NEW ABOUT CURTIS EACH AND EVERYDAY. I ALWAYS SAW HIM AS THE AMBITIOUS TYPE WHO KNEW WHAT HE WANTED ,AND THAT WAS, TO MAKE A BRIGHTER FUTURE FOR HIMSELF. FOR ONCE IN HIS LIFE HE REALIZED THAT HE WAS GOING TO ACCOMPLISH MANY TASKS. ALWAYS SPIRITUAL AND CHARISMATIC; EVEN THOUGH HE WAS VERY BUSY WITH SCHOOL AND EXTRACIRRICULAR ACTIVITIES HE ALWAYS PUT GOD AHEAD OF EVERYTHING HE DID. BY BEING THE DILIGENT WORKER THAT HE WAS AND STAYING OBEDIENT TO HIMSELF HE BEGAN MAKING REMARKABLE TRANSITIONS OF ACHIEVEMENTS AND ACCOMPLISHMENTS. TO SHOW FOR IT HE’S A MEMBER OF SEVERAL PROFESSIONAL ORGANIZATIONS SUCH AS: THE ...
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...market of Halal Costemic Goods. We made so many researches and we launched the website with a lean version. We have only one kind of costemics, few kinds of silver accesories and plenty of dresses. After 3 months passed we faced that nearly % 80 of the sales came from silver & cosmetics. We asked our customers, “did you liked our products ? Why you do not buy any dresses ? “ They said that there were to many options at dresses and they could not decide what to buy. After few months passed nothing changed so we exclude all dresses and categories them only with talor made dresses. We also categories the halal cosmetics because they could not find very easily. And our sales figure increase 2X times. After I watched this video, we changed some algorithms at our website. Firt we categories all the goods, decrease the alternatives and reprice them. We had a category all 55 TL for scarfs but we sold 0. We changed the prices and we started to sell after months. It is always very hard to decide what to buy, what to eat, what to do. We wish someother people lead us at our chooses. Another issue is we can easily manipulate and we love that! As marketers, entreprenuers we should focus on customer behaviour, customer expectations. Maybe it is all about our capabilities, we are humanbeings and we have limited processors about choosing so we decide not to choose. Also we can easily refere images, pictures rather than raw information. If we summerize all these information ; If we let people...
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...Walnut Venture Associates: Case Questions (HAND-IN) (1)Angel investors are affluent individuals who provide capital(money) for a business start-up. Angel investors usually receive convertible debt or ownership equity in return for their investment. Angel investors are different from venture capitalists since angels typically invest their own funds meanwhile venture capitalists manage pooled money of others in a professionally-managed fund. There are 2 forces exacerbating the trend towards the prominence of angel investing which include the fact that a generation of entreprenuers had “cashed out” and were looking to utilize their wealth and expertise by investing in start-ups, and that venture capitalists usually deployed capital in larger amounts that $1 million or below. An entrepreneur would seek financing from an Angel because Angels not only have the money to help finance the company, but they also have knowledge and experience that is very helpful to start-ups. The experience and track record of Angels (who usually have started their own company, served as a CEO, etc) is an asset that can’t be matched by a venture capitalist. Part of the reason of this again is because the Angel investor is investing his or her own money, something that will truly incentivize the Angel do to everything in his or her power to make the company succeed. 1) What is your first impression about the RBS opportunity based on the business plan? My first impression about the RBS opportunity...
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...MGT 325 Test #1 Study Guide This test is comprised of 60 Multiple Choice questions. Some are definitional and some are application questions. You will need to read the book as well as review the PPTs. Use the PPTs/lecture notes to help you focus your reading and studying. Chapter 1 and Management History PPTs (13 questions) What is OB? Organizational Behavior Mintzberg’s Managerial Roles (there are 10) Interpersonal Figurehead Leader Liason Informational Monitor Disseminator Spokesperson Decisional Entreprenuer Disturbance Handler Resource Allocator Negotiator Management Functions: Planning: Decide on goals, Organizing: Establish rules, Leading (Directing): Coordinate individuals, Controlling: Evaluate and improve History of Management (From lecture) (You will need to know names!) Current issues Levels of study in OB and the course Chapter 2 – Diversity (14 questions) Current workforce Aging workforce Surface-level vs. deep-level diversity Forms and effects of discrimination Diversity and ability tests Intelligence dimensions Ensuring a diverse workforce Good and bad metaphors for diversity True Colors video Chapter 3 (12 questions) 3 Components of Attitudes: ABC Affective: Emotion or feeling of a attitude Behavioral: How we behave Cognitive: How it relates to me or my beliefs Festinger’s Cognitive Dissonance Theory: Incompatibility between people; seeking to reduce the gap Perceived Organizational...
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...new employment opportunities and serve as building blocks of Zambia’s largest establishments. Not only do these small businesses offer employment opportunities, they also in turn assist in addressing some of Zambia’s key economic challenges such as Poverty reduction as well as increasing Government revenue collection. Additionally, small businesses in the agricultural sector add enormously to the nation’s food security. Challenges Faced By Zambian Entrepreneurs Granting small businesses are playing a major role in the economic development of our country, however Entrepreneurs are still facing some challenges and restrictions such as inadequate access to capital in form of bank loans (due to the large collateral that is required when you want to get a loan),...
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...LIT 1 Task 1 PART A Sole Proprietorship Sole Proprietorship is a business owned by one person, as distinguished from a partnership or Corporation. Sole proprietorship is a company, which is not registered with the state as a limited liability company or corporation. Some advantages of a sole proprietorship are that they have flexibility in operations. The sole proprietorship business is undertaken on a small scale. If any change is required in the operations, it is easy and quick to bring the changes. Another advantage in this type is the ease of promptness in decision-making, autonomy. When the decision is to be taken by one person, it is guaranteed to be quick. Thus, the entrepreneur, as a sole proprietor, can arrive at quick decisions concerning the business because he does not have to ask anybody else. There is only one person that makes decisions, therefore, there is no other to criticize, or challenge a decision made. A third advantage is the simplicity of the business. Because of this, it is the most common type of business entity. The only difficulty of this business type is obtaining licenses and permits in the state of operation. If the business will be run under a different name than that of the individual who owns it, a separate special certificate must be filed. Sole Gain is seen as a highly ranked advantage because all revenue goes back to the single investor, the entrepreneur. There are no shareholders to declare dividends. The primary advantage for a...
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...SkyDrive lets you access your files in your inbox, across PCs, on you Macs, iPads, and smart phones. We'll show you how, with this step-by-step guide. 1. Go to the Hotmail website: www.hotmail.com. There, you'll be given the option to sign in, or to sign up with Windows Live and a Hotmail address. If you already have a Windows Live account, all you need to do is sign in, using the fields on the right. If you do not have a Windows Live account, click on the Sign Up button, circled below. 2. Fill out the sign up page. This is where you'll decide what your email address will be, as well as entering personal and security information. 3. Enter your personal information. Fill in how how you would like to sign in. This is the easy part: name, birthday, and gender. Note: this information doesn't have to be factual. However, if you do choose to use false information, write it down somewhere so that you'll remember it. * Create your account name. Enter in a unique name in the Microsoft account name field, and make sure @hotmail.com is selected. Note: you can use an existing email address if you like, but for our example we'll stick to a Hotmail address. * Create a password. Use at least 8 characters, case sensitive. Numbers are recommended for greatest security. To create a strong password, use all 16 characters and include at least one capitalized letter, as well as one number. 4. Fill in contact information. In case you lose your password, you must enter in...
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...value that they serve is the incubation program to the start up companies. Plan 9 benefits a variety of economic and socioeconomic policy needs, which includes * creating jobs and wealth * Fostering a community's entreprenuerial climate * Technology commercialication * Diversifying local economies * Encouragin women or minority groups Jobs are created as if a team of 5 people successfully incorporate a startup then they would require more workforce and hence more job opportunites would lead to better economic conditions of the country. Plan 9 gives the opportunity to programmers and software developers and other IT personnel to bring out their 'big idea' to the general public. Plan 9 also encourages women entreprenuers to apply as women are an important aspect of the workforce as well Plan 9 was launched in August 2012 to facilitate technological entreprenuership in Pakistan. The incubation process is a tailor- made process desinged specially for each start up so that they can flourish. Plan 9 guides the...
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...What do you think motivates individuals to become entrepreneurs? | University Of Strathclyde | Glasgow | | | Andreas Achilleos | 2/5/2016 | | Owning a business requires a lot. There are more necessities to beginning and keeping up a business today. The initial step is planning. You cannot build a business overnight. Bill Gates on the other hand made it big overnight in 1979, when he created Windows; an interactive desktop interface. Unfortunately though, not every entrepreneur is as fortunate as Bill Gates. An entrepreneur is a man who composes and deals with a business undertaking and sharing a danger for the sake of profit. The main choice an entrepreneur must make is what kind of business he or she needs to begin. The entrepreneur needs to consider his or her knowledge and expertise that they have in the field. The most evident case of enterprise is the beginning of new organizations. The Entrepreneur and teacher Jon Burgstone and writer Bill Murphy, Jr. Of Stevenson’s definition, Burgstone says, “people often need to say it out loud 50 or 100 times before they really understand what it means.” Here it is: Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled. No two entrepreneurs are the same, and if you ask a few what made them invest on an idea they had, chances are that you will get a lot of different answers. Most entrepreneurs believe that the thing that intrigues them to be more successful, is the feeling...
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...ENTREPRENEURSHIP: CONCEPT AND DEFINITION Shri Achintya Kr. Baruah, M.Com Associate Faculty Member Indian Institute of Entrepreneurship (Ministry of Industry, Department of SSI & ARI) Government of India Basisthat Chariali, Lalmati, 37, N.H. Bypass, Guwahati - 781029 ENTREPRENEURSHIP • A theory of evolution of economic activities. • A continuous process of economic development. • An ingredient to economic development. • Essentially a creative activity or an innovative function. • A risk taking factor which is responsible for an end result. • Usually understood with reference to individual business. • The name given to the factor of production, which performs the functions of enterprise. • Creates awareness among people about economic activity. • Generates Self-employment and additional employment WHY ENTREPRENEURSHIP • To improve backwardness of the people. • Economic development of the region. • To analysis resource utilization. • Proper utilization of human potentiality. • Special attention to take up new activities. • To create self-employment and generation of employment opportunity. • Eradication of regional imbalances. • Better economic gain. The early history of entrepreneurship in India reflect from the culture, customs and tradition of the India people. The Baliyatra Festival of Cuttack, Orissa reminiscence of past glory of International trade. To process of entrepreneurship therefore passed through the potential roots of the society and all those who accepted entrepreneurial...
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...Sir Richard Branson, Chairman, Virgin Group, Ltd. Case Study Assignment 4 Professor Leadership and Organizational Behavior February 26, 2012 Since the beginning of history humans have lived in groups guided by the group leader; in which leader is either chosen for his characteristics or born into through cast. No matter the culture this is similar through the human race. Humans need someone to guide them, teach them, someone to look up to. Without followers there is no leader. “That is, leader is a term applied by observers to someone whose behaviors and characteristics match the observers’ implicit leadership preferences” (Hellriegel, D., & Slocum, J. W., Jr. (2011). They are different type of leaders and leadership style depending on the situation and solution needed at that moment by the followers. In my opinion good leaders have shown to be flexible enough to switch between leadership styles depending on the demands of the situation. One of the worlds most intriguing, succesful and enduring entrepreneurial business leaders today is Richard Branson, someone who takes control of the situation by conveying a clear vision and goals for the team, a marked passion for the work and an ability to make the group feel recharged and energized. I consider Richard Branson to be a transformational leader, a leader with vision, confident, motivation, passion and determination. He is the founder of Virgin Group Ltd. “Born July 18, 1950, in Surrey, England, Sir...
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...Table of Contents INTRODUCTION 2 CRITICAL EVALUATION 3 PRE – START UP PLANNING AND PREPARATION 3 ENTREPRENEUR IN AN ORGANISATION 4 ENTREPRENEUR AS AN INDIVIDUAL 5 ENTREPRENEUR WITHIN THE SOCIETY 5 CONCLUSION 6 RECOMMENDATION 6 REFERENCES 7 ANNOTATED BIBILIOGRAPHY 8 APPENDIX 9 INTRODUCTION Various definitions have been given to the word entrepreneur, due to the changes and complexity of the world’s economic structure. Entrepreneurs have been cussed and discussed, declared to be social misfits and bastions of the private enterprise system. “An entrepreneur sees an opportunity which others do not fully recognize, to meet an unsatisfied demand or to radically improve the performance of an existing business. They have unquenchable self-belief that this opportunity can be made real through hard work, commitment and the adaptability to learn the lessons of the market along the way”.(Martin , 2010). Entrepreneurship is an act of being an entrepreneur which involves initiating in a business venture, gathering the necessary resources and assuming the associated risks and rewards. There are common traits associated with an entrepreneur, most entrepreneurs tend to: * Tolerant of ambiguous situations * Resist conformity * Enjoy risk-taking * Self-reliant, dominant and independent * Be interpersonally aloof yet socially adroit * Adapt readily to change The importance of entrepreneurship for economic development has been widely acknowledged...
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