...based on ten factors: business freedom, trade freedom, fiscal freedom, government spending, monetary freedom, investment freedom, financial freedom, property rights, freedom from corruption, and labor freedom (The Heritage Foundation, 2011). While each of these factors are weighted equally in the Foundation’s results, business freedom, trade freedom, and government spending are some of the most important factors in the variation of wealth among nations. Business Freedom Business freedom measures the rights to establish and run a business within a country and the level of government interference. “Burdensome and redundant regulations are the most common barriers to the free conduct of entrepreneurial activity” (Miller and Kim, 2011). Entrepreneurship creates new businesses and provides goods and services that may not yet be available. Regulations should not prevent individuals and businesses from entering into voluntary transactions. These regulations should enforce honesty and transparency in transactions, not hinder the free trade of goods or ideas. Regulations that hinder the start-up of new...
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...Business Plan CHE488 ENTREPRENEURSHIP AND BUSINESS FOR ENGINEERS Student: Matheus Borges Piuzana Barbosa - #1001008401 Professor: Joseph Orozco University of Toronto CHE488: Entrepreneurship and Business for Engineers (Winter 2014) Table of Contents 1 Executive Summary ............................................................................................................... 3 2 The Business and its Owner ................................................................................................... 4 2.1 The industry ..................................................................................................................... 4 2.2 Business Location............................................................................................................ 4 2.3 Key people ....................................................................................................................... 4 2.3.1 CEO: Matheus Borges Piuzana Barbosa ...................................................................... 4 2.3.2 Research and Development: Erick Fonseca ................................................................. 4 2.3.3 Sustainability Responsible: Louis Briand .................................................................... 4 2.3.4 Marketing Consultant: Lucas Henrique ....................................................................... 5 2.4 Trademark and patent info ...............................................................................
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...purpose of this essay, extant literatures in the fields of international business, technology, science, marketing and e-commerce have been studied and reviewed. Research objective: To serve the purpose of the literature review, investigation of Internet and e-commerce over international business processes is performed with the primary research objective as the consequence of Internet on international business. Research questions: In order to study research objective, a set of research questions have been devised upon which a review is presented in the following essay. The research questions devised are: • Influence of Internet in international business. • Consequences of Internet on international entrepreneurship. • Impact of web 2.0 on international business processes. • Influence of e-commerce in international business Literature study: Influence of Internet in international business: Detailed studies of literature suggest that even small business operations utilise Internet as active tool to coordinate their business functions. A study performed in 2007 on international business suggests that approximately 95 per cent of small scale businesses which have 20 to 29 employees within the organisation use...
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...>cases A GEM of a Study >Abstract The Global Entrepreneurship Monitor Entrepreneurial Assessment, a joint project of The Kauffman Center for Entrepreneurial Leadership at Babson College and The London Business School, has undertaken a long-term, large-scale project to prove the causal links between a government’s economic policies and initiatives, the resulting entrepreneurial activity and subsequent economic growth. This case describes multiplestage research, including thousands of interviews in several countries by established research firms. >The Scenario What government policies and initiatives are most likely to generate high levels of entrepreneurial activity? Which are positively correlated with the economic well-being of a country as measured by growth in GDP and job formation? Project directors of the Global Entrepreneurship Monitor (GEM), who define entrepreneurship as “Any attempt at new business or new venture creation, such as self-employment, a new business organization, or the expansion of an existing business, by an individual, a team of individuals, or an established business,” suggest the following: • Promoting entrepreneurship, especially outside the most active age group (25-44), with specific programs that support entrepreneurial activity. • Facilitating the availability of resources to women to participate in the entrepreneurial process. • Committing to long-term, substantial postsecondary education, including training programs designed to develop...
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...>cases A GEM of a Study >Abstract In periods of economic downturn, government leaders try to stimulate entrepreneurship activity. Project directors of the Global Entrepreneurship Monitor, partnered with the Kauffman Center for Entrepreneurial Leadership of Ewing Marion Kauffman Foundation, the London School of Business and Babson College,designed a research study to add insight to what activities would be most likely to stimulate entreprenship activities. >The Scenario What government policies and initiatives are most likely to generate high levels of entrepreneurial activity? Which are positively correlated with the economic well-being of a country as measured by growth in GDP and job formation? Project directors of the Global Entrepreneurship Monitor (GEM), who define entrepreneurship as “any attempt at new business or new venture creation, such as self-employment, a new business organization, or the expansion of an existing business, by an individual, a team of individuals, or an established business,” suggest the following: • • • • • • Promoting entrepreneurship, especially outside the most active age group (25– 44), with specific programs that support entrepreneurial activity. Facilitating the availability of resources to women to participate in the entrepreneurial process. Committing to long-term, substantial postsecondary education, including training programs designed to develop skills required to start a business. Emphasis on developing an individual’s capacity...
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...Entrepreneurship and Government Support Name: Evans Gwaro Institution: Kisii University Entrepreneurship and Government Support Introduction Economic development requires people who are willing to risk their resources to start and operate profit-oriented enterprises in a country. This is the sole responsibility of entrepreneurs. Some scholars argue that entrepreneurship can be given definitions from different viewpoints such as theoretical or operational perspectives. Ogbo and Nwachuku (2012) argue that theoretical dimension covers many activities relating to uncertainties in a business while operational definitions relate to simpler or single activity. Regardless of the point at which an individual stands to define entrepreneurial practices, the bottom line is the concept that is concerned with taking great risks to bring changes in business by organizing, planning, and initiating processes that yield desired outcomes. In most cases, entrepreneurship is evident to dominate in small scale enterprises even though they constitute a large percentage of economic drivers. Despite the little capital that is pumped to run these enterprises, revenue generation is increasingly becoming significant in many economies. The role of Entrepreneurship in Economic Growth It is important to analyze the role played by entrepreneurs in the growth of economy in many countries. They are often referred to as ‘engines of economic growth’ because they propel economies (Ogbo & Nwachuku...
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...There are numerous books that depict the lives of wage-earning women in Canada; however works on self-employed women are uncommon. The Business of Women- Marriage, Family, and Entrepreneurship in British Columbia, 1901-1951, was written by Melanie Buddle in 2010, under UBC Press. In The Business of Women, Buddle attempts to highlight the key features of entrepreneurial women in the 1900’s in Western Canada, exploring how and why women entered the business world. In this book, Buddle examines case studies and primary documents in order to expose the world of female entrepreneurs. Buddle focuses on issues of gender and class relations that influenced the ability of women to become self-employed. Although the information presented in this book represent the period of 1901 to 1951, I will attempt to draw connections, through the use of a summary and analysis, between the materials presented in this book to 21st century businesswomen. In the first part of The Business of Women, Buddle addresses reasons why women were more likely to be self-employed in British Columbia. Buddle highlights frontier characteristics that depict why a larger proportion of women in British Columbia were married and were self-employed. In British Columbia, women married in higher proportion, compared to the rest of Canada. Many males arrived in British Columbia in the 1850’s during the gold rush and many men settled in Western Canada in order to work in the logging, fishing, and mining industry. These influxes...
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...BUSN 115 Final Exam (All 3 Sets) FOR MORE CLASSES VISIT www.busn115study.com Question 1.1. (TCO 7) Some of the characteristics of lean systems include which of the following? (Points : 5) Question 2.2. (TCO 7) Mass customization means (Points : 5) Question 3.3. (TCO 8) One scarce item in the future will be water. Which is the least expensive way to get water from places of abundance to places of need? (Points : Question 4.4. (TCO 8) If there is one thing that advertisers agree upon, it is the growing importance of social media in product promotion. Given this information, (Points : 5) ----------------------------------------------------------------- BUSN 115 Final Exam Set 1 FOR MORE CLASSES VISIT www.busn115study.com Question 1.1. (TCO 7) Some of the characteristics of lean systems include which of the following? (Points : 5) They take twice the human effort. They have the same defects in the finished product. They require half of the engineering effort. They use half the floor space for the same output. They carry 50% more inventory. Question 2.2. (TCO 7) Mass customization means (Points : 5) tailoring products to meet the needs of a large number of individual customers. fewer and fewer manufacturers are learning to customize their products. manufacturing companies may become service companies over time. more and more manufacturers...
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...Entrepreneurship: is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods In other to make profit”. This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. The most obvious form of entrepreneurship is that of starting new businesses (referred as Start-up Company); however, in recent years, the term has been extended to include social and political forms of entrepreneurial activity. When entrepreneurship is describing activities within a firm or large organization it is referred to as intra-preneurship and may include corporate venturing, when large entities spin-off organizations. Who can become an entrepreneur? There is no one definitive profile. Successful entrepreneurs come in various ages, income levels, gender, and race. They differ in education and experience. But research indicates that most successful entrepreneurs share certain personal attributes, including: creativity, dedication, determination, flexibility, leadership, passion, self-confidence, and “smarts.”Creativity is the spark that drives the development of new products or services or ways to do business. It is the push for innovation and improvement. It is continuous learning, questioning, and thinking outside of prescribed formulas. Types of entrepreneurs Social entrepreneur: A social entrepreneur is motivated...
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...Disclosures About CSR Practices: A Literature Review Kavitha W * and Anita P ** Corporate Social Responsibility (CSR) is now prominent and evident more than ever due to the emphasis laid on businesses regarding environmental, social and ethical issues. The level of CSR activities of the firms is made known to public only through the disclosures. This paper reviews the literature on CSR disclosures and the effect of these disclosures. There are various factors which determine the extent of disclosures like the size of the firm, industry, high visibility, etc. Introduction Corporate Social Responsibility (CSR) is now prominent and evident more than ever due to the emphasis laid on businesses regarding environmental, social and ethical issues. This is because over the recent years, there have been social, political and economic pressures on corporate management to pay attention on social and environmental consequences of corporate activities. These pressures motivated the corporate management to actively participate in a wide range of social welfare activities. CSR now-a-days covers almost all issues like the use of child labor; inequality of employment; environmental impact; involvement in local community; products’ safety; company cultures; brand image and reputation. Apart from this, companies are now disclosing these activities in their annual reports, and one of the parameters to judge the performance of a company is CSR reporting. Corporate Social Responsibility ...
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...(2013). Danger zone entrepreneurs: the importance of resilience and self-efficacy for entrepreneurial intention. Entrepreneur Theory and Practice, 473-499. doi:10.1111/etap.12006 Muhammad Arham. (2010). Islamic perspectives on marketing. Journal of Islamic Marketing, 1(2), 149-164. doi: 10.1108/17590831011055888 Nazamul Hoque, Abdullahil Mamun, & Abdullah Mohammad Ahshanul Mamun. (2014). Dynamics and traits of entrepreneurship: an Islamic approach. World Journal of Entrepreneurship, Management and Sustainable Development, 10(2) 128-142. doi: 10.1108/WJEMSD-04-2013-002 Rudnyckyj, D. (2014). Islamic finance and the afterlives of development in Malaysia. Political and Legal Anthropology Review, 37(1), 69-88. doi: 10.1111/plar.12051 Skold, B., & Tillmar, M. (2015). Resilient gender order in entrepreneurship: the case of Swedish welfare industries. International Journal of Gender and Entrepreneurship, 7(1), 2-26. doi: 10.1108/IJGE-09-2013-0057 Yunxi Yang & Danes, S. M. (2015). Resiliency and resilience process of entrepreneurs in new venture creation. Entrepreneurs Resilience Journal, 5(1) 1-30....
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...(Visible to students in their graduating year, graduate students, and recent graduates) | Application Deadline: | February 7, 2015 11:59 PM | Application Method: | Employer Email | Job Posting Information | Target Audience (select one): | Full Time permanent position - Degree completed and/or in progress (Visible to students in their graduating year, graduate students, and recent graduates) | Job Title: | Director of Website Development | Job Description: | Company Overview:SponsorSmart is an online sponsorship platform where non-profit organizations and sponsors organizations connect and search for their desired sponsorship opportunities. We currently served over 400 organizations including renowned organizations such as Bell Canada, CPA Ontario, and Starbucks. SponsorSmart also provides consulting services to non-profit organizations and companies to enhance their sponsorship strategy and management process. In 2014, we educated hundred of non-profit organizations to understand the process of sponsorship and to improve their proposals. Our vision is to reinvent the connection between non-profit community and the corporate world which ultimately enables previously unimaginable collaborations and partnerships.Learn More at www.sponsor-smart.com Job Description The website development department is the invaluable link between SponsorSmart and its clients. This side is designated to be the driving force in establishing the SponsorSmart brand. Along with providing the...
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...acknowledging the importance of entrepreneurship in economic growth. Entrepreneurship in any society is influenced by various environments. Whilst entrepreneurship supports economic growth by turning knowledge into new products, new jobs and new firms, the entrepreneurial process is not full of roses; it comes with its own challenges. The writer will discuss about entrepreneurship, define concepts and sum up the discussion through a conclusion. Definition of key terms Entrepreneurship Timmons (2000), believes entrepreneurship is the process of creating or seizing an opportunity and pursuing it, regardless of the resources currently controlled. Wennekers and Thurik (2001) argued that entrepreneurship is the ability and willingness of individuals, on their own, in teams within and outside existing organizations, to perceive and create new economic opportunities (new products, new production methods, new organizational schemes and new product-market combinations) and to introduce their ideas in the market, in the face of uncertainty and other obstacles, by making decisions on location, form and the use of resources and institutions. Unlike Timmons (ibid), Wennekers and Thurik believe that entrepreneurship is not limited to creating or seizing a business opportunity, there has to be willingness and ability to perceive new economic opportunities(new products, new production methods, new organizational schemes and new product-market combinations). Entrepreneurship can thus be seen as...
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...[pic] How Entrepreneurial is Germany? The Institutional Context of Entrepreneurship and Business Start Up Costs in Germany in International Comparison Abstract The importance of entrepreneurial activities is integral to a nation’s economic growth. This paper reviews the results of the 2000 Global Entrepreneur Monitor (GEM) country report with a sole focus on Germany in evaluating its degree of entrepreneurship. The factors examined include the costs, legal procedures, and institutional context via a look at the formal and informal entrepreneurial frameworks. The view of entrepreneurship in Germany will be explored as well as comparison to other countries in the GEM report. It is found that entrepreneurial activities differ within regions in Germany and the cultural and social norms place a barrier to start-ups despite the government effort in financing and state promotion programs. TABLE OF CONTENTS 1. Introduction……………………………………………………………….3 2. Overview of Germany’s entrepreneurship and international comparison...4 3. Institution context………………………………………………………....6 The regulation of entry……………………………………………………6 Political context- government policies……………………………………8 Human Capital…………………………………………………………….9 Education…..……………………………………………………………10 Psychological and sociological context………………………………….12 Regional context…………………………………………………………15 4. Conclusion……………………………………………………………….18 5. Works cited……………………………………………………………...20 Introduction The German economy...
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...Last year, Eric Migicovsky was scrounging for funding to mass-produce a smart watch. The 26-year-old Canadian and his small company had already built a watch that synced with the BlackBerry, but he was looking to produce a more advanced version to connect with iPhone and Android smartphones. Called Pebble, the smart watch would be able to display call, text and e-mail notifications, and allow the users to control music on their phones. Migicovsky, who relocated to Palo Alto, Calif., after graduating from the University of Waterloo, tried and failed to drum up funding from venture capitalists. Then he turned to Kickstarter, the crowd-funding website. On Kickstarter, anyone can donate money to entrepreneurs, artists and other creative types seeking to raise funds for their projects. In exchange, backers could receive a finished product (as Migicovsky promised backers of Pebble) or a token of gratitude, such as T-shirts or tote bags. Migicovsky set a goal to raise US$100,000, which he figured would be enough to produce a thousand smart watches, and launched his fundraising drive on April 11, 2012. Within two hours, Migicovsky had already met his goal. By the next day, he hit $1 million. “Right from the day that we launched, it kind of exploded,” Migicovsky recalls. When the fundraising period closed a month later, nearly 69,000 people had donated a combined total of $10,266,845. (There are no funding limits on Kickstarter, which takes a percentage of the cash raised. Massively...
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