...Awareness and Exploitation of Entrepreneurial Opportunities An awareness of entrepreneurial opportunities that occur around us everyday has led to the discovery of everything we know and possibly take for granted today. The only difference is that where one person does not recognise an opportunities potential, there is generally an entrepreneur there to grasp it and harness its true value whether it be for personal, commercial or public exploitation. This idea of an entrepreneurial opportunity will be examined by considering means-ends relationships and also the concept that these ideas are a combination of both objective and subjective forces. Throughout this essay the idea that entrepreneurial opportunities are discovered will be discussed by outlining three key attributes that propagate this discovery. In addition to this it will be argued that the notion of opportunity creation is an incremental subset of discovery and although it is not the front running process it still plays a key role in opportunity development. Shane and Venkateraman (2000) view entrepreneurial opportunity as employing a set of resources to their best use and selling them for a profit by correctly interpreting market forces. This is generally accepted as the conceptualisation of entrepreneurial opportunities, but there are disagreements about how these opportunities arise, their origin, and their nature [ (Companys & McMullen, 2007) ]. The integration of these resources can be described as a means-ends...
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...hunters and gatherers. As the further migration continued south an agricultural lifestyle formed. The European colonization of the Americas is thought to have been established by explorers and fishermen at a much later date. The blend of diversity was apparent as the migration of the Americas grew and strong developed societies were established. Although Native American descendants merely followed their survival instincts, they had discovered an abundant new world. The nomadic hunters tracked animals across the frozen land bridge and crossed into a new continent. The migration continued south along the west coast. “Over a span of 25,000 years settlement spread down the Alaskan coast, then deeper into the North American mainland, and finally throughout Central and South America.” (Davidson, 2006, p. 11). The original survival lifestyle of the nomadic hunters blended into new discovered agricultural resources with the progressive southern migration. The discovery of producing a food supply through cultivating crops created an agricultural revolution. The migration throughout the Americas had proved to be the beginning of a more sophisticated society. “As this ‘agricultural revolution’ spread slowly northward, Native...
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...In Document B, “ Top Ten Responses to Support ANWR Development, Courtesy of Arctic Power, Anchorage, Alaska, 2005.” The list says, “ If oil is discovered, less than 2000 acres of the 1.5 million acres of the Coastal Plain would be affected.” This statement clarifies that there is no guarantee that oil will be found in ANWR, although if it is, only a limited amount of land from the Coastal Plain would be affected. It is also said that more jobs will be created in Alaska due to the development of the Coastal Plain, nonetheless, this will require roads and pipelines to be built all around Alaska, running over and displacing wildlife and their environment. Although drilling in ANWR would be beneficial in some ways, such as lowering the cost of oil, bringing in more job opportunities, and enhancing federal revenues, however the decision would destroy the land due to busy work sites. Overall, the drilling in Alaska would not be completely beneficial because even if it did take place, a very small amount of the Coastal Plain would be...
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...Case Study 1 – And the Fraud Continues Heidi Janis Casazza Strayer University ACC/571 Dr. Timothy Franklin Deleanor Brown January 27, 2013 Case Study 1 – And the Fraud Continues Since the turn of the century, many financial scandals have been discovered, such as MCI Communications Corporation (MCI). Financial scandals can be minimized by the use of effective internal controls. According to Chao and Foote, effective internal controls reasonably prevent material misstatements in financial reporting and fraud while weak internal controls have the opposite effect (2012). Extensive research about the MCI’s financial scandal has provided proof that Chao and Foote’s analogy of internal controls is correct. Ultimately, the problems MCI had were caused by a weakness in internal controls, which causes MCI to be a prime example of how weak internal controls can be disastrous and lead to the bankruptcy of a company. The Situation That Led to MCI’s Downfall MCI Communications Corporation (MCI) was a communication company that primarily dealt with resellers, which means MCI would sell or lease time to other communication carriers who in turn resold the time to other businesses and consumers. According to Lyon and Tocco (2007), MCI’s revenue grew from about $240 million to about $650 million a month in account receivables. In addition, the growth in revenue caused the bad debt percentage to increase significantly in 1995 along with a significant increase in accounts receivable...
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...citizens free of charge. These community-based healthcare systems are giving the vaccinations based on research by the CDC and NIH. History of the U.S. Department of Health The national U.S. Department of Health and Human Services began with hospitals and care for seamen and marines in 1798. The Quarantine Act of 1887 moved power to quarantine people with infectious disease away from the stale level to the national level. The marine hospital system for sailors was renamed the Public Health Service on 1906. Children’s Service created in 1912 and changed to an advocate of children’s interests, child labor laws, for example. Bureau of Indian health service of 1921 created health services for Native Americans on reservations. In 1930, the National Hygienic Laboratory later became the National Institute of Health (NIH). The Federal Food, Drug, and Cosmetic Act of 1938, became the Food, and Drug Administration (FDA). In 1946, the Communicable Disease Center was created and then converted into the Center for Disease Control (CDC, n.d.). The Department of Health, Education, and Welfare (HEW) was designed under President Eisenhower, and was...
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...rancher’s machete. Valentine shed a tear as he discovered that his Vampires could be killed if beheaded. Three days later the Servant that was blood bounded to that Vampire had perished, --- turned to dust on the cell floor. This saddened Saint Valentine and he realized he must come up with a way to allow his Vampires to flourish. He started out to create a mate for his Vampires. Though the process was quite tedious, nevertheless it was successful beyond his wildest dreams. There had been rumors that fays lived in the woods, thus Valentine set out to find the truth. He had spent days watching and waiting, sitting-up and checking traps, until the one day his trap had something in it. It was a fay he was delighted with this new discovery. She was a beautiful little fay with gorgeous wings, however; he found it peculiar that she could not fly. Her body was covered in glowing tattoos. He had planned to mix the blood of this Fay with his new serum, and then add the blood of each Vampire to blood-bond them to the females. He was hoping it would work identical to the way it did with the servant. He planned to inject this new serum into the women that he had...
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...Throughout time, theologians and philosophers, as well as common citizens, have created and developed many areas of thought. From religion to politics, there are many subjects that lend themselves to discussion and offer people the opportunity to place their trust in them. While some believe in things with complete certainty, others doubt even the hardest of facts. The best balance between certainty and doubt is to reserve a small amount of doubt for every aspect, which allows for constructive arguments and the betterment of society, as too much certainty in a belief can lead to horrible consequences. When individuals develop absolute certainty in a certain belief, the outcome can be catastrophic. In Arthur Miller’s The Crucible, the residents of Salem are very pious members of the Puritan religion. They are so engrossed by their beliefs that...
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...Lake Michigan’s west shoreline. Waukegan has been known as the “rustbelt” of Lake Michigan. This is due to its history of industry. Through the involvement of Local & Federal Agencies, Companies and the Community Waukegan has made strides in the last 30 years to clean up 3 Superfund Sites, setting a stage for the city to Revitalize and become the “French Rivera of the Midwest” like Mayor Robert Sabonjian had envisioned in 1986. In 2003 the city of Waukegan created a Master Plan and from that a general implementation of their Master Plan. This includes strengthen the existing Downtown by activating storefronts on Genesee Street to support and respond to the re-opening of the Genesee Theatre and create a parking structure to support the Genesee Theatre (completed). The Harbor front transformation will begin with the reconfiguration of the Amstutz Expressway and rail lines and yards. They will also work to unlock the Lakefront for public use and future private investment. Next they will work to create new opportunities in Downtown and the South Lakefront by redeveloping three Sheridan Road sites in downtown for a variety of uses ranging from housing to office hospitality or retail. New retail and dining will be encourages as well as attempts to strengthen the governmental, educational and institutional activities in the area. This area will create a network of walkable neighborhoods and ensure public access to the lake front. The City has plans to consolidate infrastructure...
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...working environment (Holland, Powell, & Fritzsche, 1994). The assessment is devised of six characteristics, however only three types will be generated based on the test takers answers (Holland, Powell, & Fritzsche, 1994). My findings from the Self Directed Search generated social, investigative, and artistic (SIA). The jobs listed are consistent with my personality and the profession I desire for my career. The second assessment I completed was SWOT, which was created by Albert Humphrey to help individuals discover their strengths, weaknesses, opportunities, and threats pertaining to careers (SWOT, n.d.). I discovered my strengths as working on my master’s degree, active networking and computer skills, time management, creative, and the desire to succeed. My weakness include not obtaining my Master’s degree yet, having no internship or supervision, and only having one year experience in the mental health field. The opportunities I discovered were having a wide variety of internships, volunteer positions and jobs opportunities. Self-Directed Search After I received my results of being an SIA, I was pleased. I believe the qualities of social, investigative, and artistic are great to obtain in my profession. I have always seen myself as a social and extraverted person, so I was not surprised when social came up first. I never thought of myself as an investigative type until now. I realized how curious I am of how and why things work the way they do. The artistic characteristic came...
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...“...we thought that we wished to be sent to the Home of the Scholars when our time would come”(Rand 24). Equality wanted his assigned job to be part of the Home of Scholars because he liked “the Science of Things”(Rand 23). Equality seems to look up to Home of Scholars. “ ...of how to make candles from wax and string; also, how to make glass, which is put in our windows to protect us from the rain”(Rand 24). Equality see’s the Home of Scholars to be the more intelligent people who make everyday life simpler. When he began to conduct experiments on his lightbulb, he felt like he could make it into the home of scholars because he created something that would help with everyday life like the candle and glass did. Equality thinks he is smart enough to make it to the Home of Scholars, because he has created someone that no one else has. “There is so much work ahead for all of us, for all the Scholars of the world.”(Rand 60). In conclusion,In the novella Anthem, Equality’s main motivation for conducting his experiments was to rightfully stand out from his peers moving toward becoming an individualist and for him to possibly get a chance to make it into the Home of Scholars. Equality focused on himself more than others, which is a good thing. If more people thought the way he did there would be more innovation that happens. More people would be out there to prove themselves to the world, instead of being...
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...Discuss in detail the six steps in strategic management process A strategy is a plan of action that one uses in order to achieve their goals. Strategic management involves the forming and implementation of plan by all managers within an organization. A strategy map is usually created which will align all of the companies efforts to work towards one collective goal or goals. It helps members at every level of the business to understand where they need to contribute and helps them see that they are part of something bigger. The strategic management process consists of the following 6 steps: Step 1: Establish the vision, mission and goals of the organization: This step involves the clarification of what the company is and who they do business for. At the very basic level, it defines what product, service or good is going to be offered. The vision of the company refers to the future of it’s existence and serves the purpose to inspire and motivate members to work hard to achieve this vision. Establishing these 3 things helps the company to zone in on the ultimate goal so they know where to focus their energies. Step 2: Analyze opportunities & threats: This step is to analyze outside resources and competition. Through market research and studying the industry and any regulation requirements, the organization will be better able to anticipate the needs of it’s clientele. Studying competitors can help companies realize potential things that they should avoid doing or certain...
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...She became interested in working with children during a visit to insane asylums to select patients for treatment. She discovered that problems did not exist within the children, but, in the adults and their approaches and in the environments that were provided for them. Montessori then created a school for the children contained with small furnishings fit for them. Her theories consisted of creating child-centered environments, teaching children competence and responsibility, and using careful observation (Mooney, 2000, p. 35-46). Growing up as a child, I remember when I attended head start and kindergarten .The classrooms contained small chairs and tables, reachable shelves, and small tools for us to use and play with. Everything was appropriate and created just for us. Providing children with a child-centered environment gives them the opportunity to play and learn with their peers. I do believe that children learn best when they interact with their peers. These environments also teach children independence and responsibility. In addition, they learn how to use real life tools for real work and take responsibility for their actions. Children need to have environments based around them so that they can have the opportunities to explore and be...
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...the new school that was built during the war. It has eight classrooms, four teachers, indoor plumbing and a gym in the basement. She is lucky to have such a nice place to learn, but I am scared that this might also come to an end. The investors spent $25,000 to build this school when the town was booming. There are also four grocery stores built for goods for the rapid growth of people, and pool halls that entertained the large number of workers that followed the work trail. My town had seen enormous growth ever since two scientists from the University of Nebraska discovered potash in the Sandhills....
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...Remarkably, children around the world occupy the streets. Countless children each day are abused, assaulted, and harassed, commonly in their own homes. The foster care system, created by Charles Loring Brace, allowed children to enter safer homes and environments when they weren’t safe at home. Sadly, there aren’t enough homes for every kid, meaning some go into group homes. But while the foster care system has come a long way since being invented, this innovative organization has changed many children’s lives, the evolution of the system, and has an interesting origin story. The foster care system has significantly influenced children all over the country over the years. The main goal is to improve and benefit children’s lives. In the 1850s,...
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...The first part of the cycle is initiation. This is when someone identifies a need or an opportunity. The second part of the cycle is the system concept development, which defines the scope or the boundary of the concepts. Next is the planning stage. During this stage the project management plan and other planning documentation is developed. This will be the basis for acquiring the resources needed to achieve a solution. The next three stages are about the actual design. The fourth stage is the requirements analysis. This is where the functional requirements document is created in which user needs are analyzed and user requirements are developed. The fifth stage, which is self-explanatory, is the design stage. This is where the systems design documents are created from the detailed requirements, focusing on how to deliver the required functionality. The sixth stage is the development stage. This is the part where the design is transformed into a complete information system. The final three stages are where everything comes together. During the integration and testing stage the developed system are tested to see if they perform as designed. Stage eight is implementation. This includes the implementation preparation and the implementation of the system into a production environment and the solution to any of the problems found in the integration and testing stage. Everything being discovered has a system in place. Following the steps above, with a little tweaking toward our goal...
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