The Right Of Privacy The United State - 1571 Words

Considering these different perspectives, the best way to continue the comparison in between them is by collecting several pros and cons on each ideology. The United State has not a uniform or standard law that promotes the concept of a right to privacy; instead, they introduced the concept through intellectual articles and was established by the Supreme Court. Nevertheless, it is not explicitly mentioned in the Constitution, thus it is often considered as secondary to other rights. This situation mainly occurs because the country does not want a law to interfere with the technology development process. This means that companies need to adapt to costumers’ data protection desires, and at the same time protects company’s economy interests. This brings a regulatory balance in between consumers and the company, in order to stabilize and to get into an acceptable level. Unfortunately, for the reason mentioned above, that the right of privacy is take a secondary law, the com panies protect themselves under the First Amendment that allows them to manage or sell personal information. On the other hand, the European Union has a different way on how to manage personal data. The idea of the new regulation is to coordinate the data protection law with all the countries and all the European Union members. The idea of making this law as a regulation instead of a directive is because it will be directly applicable to all the European Union associates without the implementation of anyShow MoreRelatedPrivacy Rights And The United States Constitution3179 Words   |  13 Pages Privacy Rights and The United States Constitution POL303: The American Constitution Instructor: Samra Nasser April 12, 2015 The founding fathers of the United States of America fought hard to achieve an independent nation. An independent nation containing freedoms and rights for citizens that only the constitution can guarantee. One of the crucial rights guaranteed to U.S citizens today is the right to privacy, or the right to be left alone according to Brandeis and Warren. TheRead MoreThe Liberties Of The United States1650 Words   |  7 PagesWithin the Constitution of the United States of America, the word â€Å"privacy† appears exactly zero times. Not once does the legal document that outlines the social order of the United Sates, define, or explicitly state a â€Å"right to privacy† for its citizens. Even with this fact prevailing over society, American citizens still esteem privacy in the highest regard. According to a survey conducted by the PEW Research Center, a nonpartisan fact tank that informs the public about the issues, attitudes andRead MoreAn Inquisition Of Privacy And The United States1565 Words   |  7 Pages2014 An Inquisition of Privacy and the United States The First Earl of Chatham, William Pitt, in his Speech on the Excise Bill, claimed that â€Å"The poorest man may in his cottage bid defiance to all the force of the Crown. It may be frail; its roof may shake; the wind may blow through it; the storms may enter, the rain may enter,—but the King of England cannot enter; all his forces dare not cross the threshold of the ruined tenement!† Although the concept of a right to privacy has existed since theRead MoreThe Freedom Of Expression And Privacy Of Citizens1471 Words   |  6 PagesTrump being elected for president, bombings and shootings of places in the United States, and even the Battle of Aleppo are recent events that have the government questioning freedoms and privacy of citizens. One of these freedoms that is being questioned is the freedom of expression. The freedom of expression, as freedomhouse.org stated, â€Å"is the right of every individual to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless ofRead MoreEssay about Privacy and the American Government1435 Words   |  6 Pagesways the United States’ citizens have privacy. With all of these false accusations it is simple to see why people would be supportive of our right to privacy. On the other hand, the government eavesdropping on the people of the United States has help ed save many lives and justice being served. The United States of America is a free country, so we should have the option to be spied on by the government; however, as citizens we do have rights of privacy that are stated in the Bill of Rights that cannotRead MoreThe Constitution Of The United States Essay1455 Words   |  6 PagesProhibiting the government from becoming dictators. The constitution of the United States clearly outlines how to protect the interests of the people and how to implement the equal protection clause. Having a written constitution in the United States is an advantage that guarantees freedom of speech and religious practices. The United States government has established itself as a government proficient in protecting the rights and liberties of the people. Having a written constitution allows for theRead MoreThe Bill Of Rights Of The United States Constitution1501 Words   |  7 Pages Introduction. The Bill of Rights is a historical documents that has the first 10 amendments to the United States Constitution. The purpose of the Bill of Rights is for greater constitutional protection for our own individual liberties. It has a list of specific prohibitions on government power. There were only 12 amendments originally for the state legislatures and only picked 10 for all the states and those are known as the Bill of Rights, but there are 27 amendments in total. AmendmentsRead MoreThe Eu Data Protection Directive1414 Words   |  6 PagesIn 1995 Germany, France, Italy, the Netherlands, Belgium, Luxembourg, Denmark, Ireland, United Kingdom, Greece, Spain, Portugal, Austria, Finland, Sweden and Switzerland enacted a legislation to protect personal data privacy in the form of the EU Data Protection Directive. According to this document, companies operating inside European Union are not permitted to transfer any personal data to countries outside European Economic Area unless coun tries in question can guarantee adequate levels of protectionRead MoreThe Issue Of Privacy Laws888 Words   |  4 PagesPrivacy laws are fairly new to humanity. We can take a look at the animal world, of which humans are biologically still classified in the same taxonomy family as apes. (Groves, 2005). Wild animals have no concept of privacy and humans in the beginning didn’t either. Early humans lived in tribes and shared belongings, otherwise they wouldn’t survive. The concept of what is considered private or not, has developed as human intellect has grown. As human intellect has increased, so has advancements inRead MorePrivacy, Freedom, And Freedom Of Freedom1303 Words   |  6 Pagesover time.† I believe while a right to privacy may not be in writing in the Constitution itself, that it is indeed directly implied that we the people of the United States of America do have a right to privacy. Individual liberty is after all, what the Framers fought so hard to achieve. Also, the Bill Of Rights was created to protect the people from the government, not the other way around. Without directly stating in The Bill of Rights that we have a right to privacy, I believe we can all draw our

Deaf Understanding Hearing Loss - 1324 Words

To see, to touch, to smell, to taste, but not to hear. Imagine living in a world where lips are moving a mile a minute or where sound is only visually depicted, but acoustically absent. Where everyday of your life is spent trying to decipher the words leaping off the tongues of those around you. For over 30 million people in the world this has become or has been their reality. Deaf individuals, spend their lives trying to ways to maneuver around in a hearing world. Although the United States provides some form of resources to deaf individuals this is does not alleviate the fact that America still has some growing to do; in terms of accepting and truly embracing the Deaf Culture especially within education. Understanding Hearing Loss†¦show more content†¦Therefore one begins to question if public school are providing adequate resources for students with hearing loss. To fully decipher this question one must analyze how hearing loss is handle under the law. Hearing Loss Under the Law Individuals with Disabilities Education improvement Act of 2004 (IDEA) was established in the hopes of creating an inclusive classrooms for students with all types of disabilities whether physical, mental or emotional. IDEA has become the national framework for education when it comes to students with disabilities. However how inclusive is IDEA when it comes to the Deaf community. IDEA defines hearing Impairment and deafness as two separate things. Deafness is defined as â€Å"a hearing impairment that is so severe that the child is impaired in processing linguistic information through hearing, with or without amplification.† whereas hearing impairment is â€Å"an impairment in hearing, whether permanent or fluctuating, that adversely affects a child’s educational performance but is not included under the definition of ‘deafness. † While the hearing loss community groups these two communities into one large community, IDEA seperates them. Under IDEA stude nts apart of the â€Å"deaf† community can receive â€Å"amplification systems, sign language interpreter, preferred seating (for lip reading), a note taker and placing captioning on films. (IDEA)† Also the teachers can be given ASLShow MoreRelatedHow the Deaf Communicate in a Hearing World Essay1671 Words   |  7 Pagesbetween a hearing world and a deaf one. One world is capable of hearing and the other involves no incoming source of sound whatsoever. Understanding how deaf culture and how the hard of hearing work and live is important in order to comprehend the reasons behind why they do the certain things they do such as stare at others for a long period of time or the reason why they perceive situations that they are placed in. In the world of the deaf, one who has been labeled with the term â€Å"deaf† has littleRead MoreThe Effects Of Hearing On Children With Disabilities1453 Words   |  6 Pagesdisability. Deaf people are limited in some functions be cause of an impairment of hearing. The Center for Disease Control and Prevention (CDC) reports â€Å"deaf† individuals do not hear well enough to rely on their hearing to process speech and language; some individuals with mild to moderate hearing impairments may be â€Å"hard of hearing† but are not â€Å"deaf† (U.S. Equal Employment Opportunity Commission). More than 20 million people in the United States identify themselves as hard of hearing, accordingRead MoreThe Effects Of Deafness On Deaf Children1669 Words   |  7 Pagesnegative label regarding someone with a hearing loss. The term Deaf is considered to be a disability solely on the fact that an individual who is Deaf is not â€Å"normal† due to their hearing loss. Most individuals do not believe that there are any benefits or positives from being Deaf, nor do they believe that a Deaf individual will ever be able to live a happy and fulfilled life. Deaf individuals do not view themselves as disa bled nor do they view their lives as a loss, rather they view their Deafness asRead MoreI Interviewed A Former Babysitter Of Mine1212 Words   |  5 Pages For this assignment, I interviewed a former babysitter of mine, DL. DL is 25 years old and is deaf. She has a hearing aid and a cochlear implant. I reached out to her on Facebook and asked her if I could interview her for the assignment; I sent her the list of questions and she sent the answers back to me. She does not remember noticing that she couldn’t hear; her guess is that her hearing loss was from birth and very gradual, so she never noticed and thought it was normal as a kid. Her parentsRead MoreThe Separations Of Common Hearing Loss1126 Words   |  5 PagesThis research paper focuses on the separations of common hearing loss issues within the hard of hearing community, elucidating three groups that are considered the major division that identify within the Hard of hearing community, appropriately. There are a few distinguishing common, yet complex challenges, and universal problems of living within their culture. Based on the qualities of psychosocial perspectives of hearing loss, there are distinctive views of socialism, activities and everyday lifeRead MoreSubstance Abuse Among Deaf Community And Service Providers Working With The Deaf Essay1457 Words   |  6 PagesThere has been a growing interest in the field of substance abuse among the deaf community and servi ce providers working with the Deaf. In 1990, Gallaudet University hosted a national conference on Substance Abuse in the Deaf Community, and since then there has been a noticeable increase in sharing information and compiling lists of available resources in the country. The approaches to advocating for services vary from community to community. Some are decentralized; others focus on one aspect ofRead MoreI Am A Future Speech Language Pathologist1307 Words   |  6 Pages However ASL is not always beneficial, primarily with those who are born deaf or hard of hearing. Do you have a favorite book, from any age? Or do you feel a love and passion for writing? Are you good at writing, have you always been? Children who are born deaf or hard of hearing are typically taught to utilize American Sign Language as their primary means of communication. The biggest struggle that deaf or hard of hearing children face is making the transition to text-based literacy, this conflictRead MoreImpress ions of the Deaf Culture and Community Essay725 Words   |  3 PagesAbstract The deaf culture is one that I am not familiar with. No one in my immediate family or none of my close friends are deaf so I have not been exposed to it during my lifetime. I decided to take an American Sign Language course in high school to not only learn the language, but to learn about the deaf culture as well. I would like to someday be fluent in sign language so that I can cater to the deaf community while conducting business. Conducting research, I learned a lot about to deaf communityRead Moreexceptional needs children Essay1363 Words   |  6 Pages Katt Goodson Oct, 7th, 2014 Professor Corrina Carotti Unit 6 Assignment PS 340 exceptional needs children Michael Michael, a five-year-old male, just diagnosed with hearing loss and a speech disorder, has not learned to speak properly and is working with a speech therapist three times a week. Michael does not show any progress in learning letters or numbers. His parents are worried that he might be labeled in school and not allowed to participate in regular classroom activities. Read MoreDeafness And Autism Essay1221 Words   |  5 PagesAutism come challenges and obstacles that have to be faced and ought for to ensure an overall quality of life for the individual. When these two attributes are combined within one individual communication and social interaction can be altered. Understanding the difference between the two disabilities and learning how to equip the individual with the proper tools for communication will result in the manifestation of an enjoyable life; however, it will take time a diligence and the help of family and

Essay on Factors Affecting Nurses Confidence Levels Essay Example For Students

Essay on Factors Affecting Nurses Confidence Levels Essay Factors Affecting Nurses’ Confidence Levels Experience and Education. Nurses in acute care settings have isolated two key factors as found to having a direct impact on confidence levels. These factors that have been credited for directly impacting self confidence levels are the years of experience and levels of education within nursing ( Chan Matter, 2013 ; Cashin, Stasa, Dunn, Pont, Buckley, 2014; Cockerham, Figueroa-Altmann, Eyster, Ross, Salamy, 2011; Yang Thompson, 2010). Specifically, acute care nurses have isolated hands on training as a factor that improves their confidence levels (Dowson, Russ, Sevdalis, Cooper, De Munter 2013; Mitchell, 2015). In a recent study published in the British Journal of Nursing by Dowson et al. (2013), a population of acute care nurses was utilized with the goal of studying whether or not simulation lab training increased confidence levels. A clinical confidence rating scale was utilized where nurses rated themselves on a 1-4 scale, where one was â€Å"completely lacking confidence† and four was â€Å"very confident†. In this study, it was found that the control group’s confidence levels remained the same over the four month span of the study, and the intervention group who received the sim-lab training reportedly increased in confidence after the study (Dowson et al., 2013). In another recent study by Chan et al. (2013), a population of Registered Nurses working in acute care settings was utilized to test the relationship between years of experience, confidence levels, and accuracy in utilizing the Glascow Coma Scale. In this study, participants were asked a series of questions that collectively tested their accuracy in usage of the Glascow Coma Scale. Alongside this, participants were asked. .erham et al. 2011; Fackler et al., 2015). Implications to Nursing Practice Nurse educators play a vital role in shaping the nurses within their staff. It is the responsibility of the nurse educator to provide the proper education, to provide affirmation and validation, as well as creating an environment that is safe where all staff feels comfortable asking questions (Cockerham et al., 2011). Furthermore, in providing affirmation and education, nurse educators hold the delicate balance of ensuring the nurses in their staff are confident, yet that the confidence is well-deserved, is backed by a plethora of knowledge, and that the nurses are consistently reminded that over-confidence and carelessness yields poor patient outcomes. This can allow for confident nurses to work in a safe environment where they feel powerful, and where self actualization can be achieved.

Mothers and Daughters in The Joy Luck Club Essay Example

Mothers and Daughters in The Joy Luck Club Essay Mother-daughter relationships are often complex. In The Joy Luck Club, author Amy Tan expresses the mother-daughter relationship through four women and their daughters who migrate to America from China. The women were in search of better lives then what they had in China. The mothers and their daughters did not always see eye to eye but at the end the daughters started to realize that their mothers just wanted the best for them. As the daughters are growing up, the conflict between them increases. Suyuan Woo started the Joy Luck Club when she left China. She started the club as an escape that her and the other women experienced. When Suyuan was in China she had twin girls but had to leave them behind, she got remarried and raised a daughter, Jing-Mei in America. Suyuan and her daughter Jing-Mei shared a special bond that many didn’t understand. She would tell her daughter different stories about her twins, but Jing-Mei never knew if her mother was telling the truth. â€Å"I never thought my mother’s Kweilin story was anything but a Chinese fairy tale. The ending always changed,† Jing-Mei would say (Pg. 25). Jing-Mei soon finds out that the stories her mother been telling are real, they were stories of her life. The more she learned about her mother past stories from China she started to have respect for her mother. Once she started facing challenges of her own, she is able to take her mom advice into consideration. Jing-Mei wanted to find her own identity without her mother and still please her but all Suyuan wanted was her daughter to be a genius. Suyuan wanted nothing but the best for her daughter, she hoped that one day Jing-Mei would become a phenomenal pianist. Even though Jing-Mei played the piano, she never thought she was good enough for her mother’s standard so she never gave it her all. However, she stops playing the piano â€Å"I could only be me,† (pg.154). She couldn’t be true to herself; she couldn’t live up We will write a custom essay sample on Mothers and Daughters in The Joy Luck Club specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Mothers and Daughters in The Joy Luck Club specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Mothers and Daughters in The Joy Luck Club specifically for you FOR ONLY $16.38 $13.9/page Hire Writer

Introduction to the French Imperative Mood

Introduction to the French Imperative Mood   The imperative, called limpà ©ratif in French, is a verb mood which is used to: give an orderexpress a desiremake a requestoffer advicerecommend something Unlike all other French verb tenses and personal moods, the subject pronoun is not used with the imperative: Fermez la porte.Close the door. Mangeons maintenant.Lets eat now.Ayez la bontà © de mattendre.Please wait for me. Veuillez mexcuser.Please excuse me. The above are called affirmative commands, because they are telling someone to do something. Negative commands, which tell someone not to do something, are made by placing ne in front of the verb and the appropriate negative adverb after the verb: Ne parle pas!Dont speak! Noublions pas les livres.Lets not forget the books. Nayez jamais peur.Never be afraid. The imperative is not the only way to tell someone what to do in French - its how you give orders in French. French imperative conjugations are relatively simple. There are only three grammatical persons that can be used in the imperative:  tu,  nous, and  vous, and most of the conjugations are the same as the present tense - the only difference is that the  subject pronoun  is not used in the imperative. -ER Verbs Imperative Mood Conjugations   -ER verbs  (regular, stem-changing,  spelling change, and irregular): The imperative conjugations for  nous  and  vous  are the same as the present indicative, and the  tu  form of the imperative is the indicative minus the  final s:parler(tu) parle(nous) parlons(vous) parlezlever(tu) là ¨ve(nous) levons(vous) levezaller(tu) va(nous) allons(vous) allezVerbs which are conjugated like -ER verbs (meaning that in the indicative the  tu  form ends in -es), such as  ouvrir  and  souffrir, follow the same rules as -ER verbs.ouvrir(tu) ouvre(nous) ouvrons(vous) ouvrez -IR and -RE Verbs Imperative Mood Conjugations   -IR verbs  and  -RE verbs: The imperative conjugations for all regular and most* irregular -IR and -RE verbs are the same as the present indicative conjugations.finir(tu) finis(nous) finissons(vous) finissezattendre(tu) attends(nous) attendons(vous) attendezfaire(tu) fais(nous) faisons(vous) faites*Except for verbs conjugated like -ER verbs and the following four irregular imperative verbs:avoir(tu) aie(nous) ayons(vous) ayezà ªtre(tu) sois(nous) soyons(vous) soyezsavoir(tu) sache(nous) sachons(vous) sachezvouloir(tu) veuille(nous) n/a(vous) veuillez Negative Imperatives The order of words in a French sentence can be very confusing due to affirmative and negative imperative constructions and object and adverbial pronouns. Remember that there are two kinds of imperatives, affirmative and negative, and the word order is different for each of them. Negative imperatives are  easier  because their  word order  is the same as that of  all other simple verb conjugations: any object, reflexive, and/or adverbial pronouns precede the verb and the  negative structure  surrounds the pronoun(s) verb:Finis!  - Finish!Ne finis  pas!  - Dont finish!Ne le finis  pas!  - Dont finish it!Lisez!  - Read!Ne  lisez  pas!  - Dont read!Ne le  lisez  pas!  - Dont read it!Ne me le  lisez  pas!  - Dont read it to me! Affirmative Commands Affirmative commands are more complicated, for several reasons. 1.  The word order is for affirmative commands is different from that of all other verb tenses/moods: any pronouns follow the verb and are connected to it and to each other with  hyphens.Finis-le!  - Finish it!Allons-y!  - Lets go!Mangez-les!  - Eat them!Donne-lui-en!  - Give him some!2.  The order of the pronouns in affirmative commands is slightly different from all other verb tenses/moods (see table at the bottom of the page):Envoie-le-nous!  - Send it to us!Expliquons-la-leur!  - Lets explain it to them!Donnez-nous-en!  - Give us some!Donne-le-moi!  - Give it to me!3.  The pronouns  me  and  te  change to the  stressed pronouns  moi  and  toi...Là ¨ve-toi!  - Get up!Parlez-moi!  - Talk to me!Dis-moi!  - Tell me!...unless they are followed by  y or en, in which case they  contract  to  m  and  tVa-ten!  - Go away!Faites-my  penser.  - Remind me about it.4.  When a  tu  command is followed by the pronouns  y o r en, the final s is not dropped from the verb conjugation:Vas-y!  - Go away!Parles-en.  - Talk about it.

Hobbes_Rousseau essays

Hobbes_Rousseau essays Through the development of the Polis, both Hobbes and Rousseau have stood as highly influential theorists of the Social Contract. Although both writers would strongly agree for the development of society and the importance of a Social Contract, the actual methods and ends are quite distinct for each man. Hobbes contract aims at assuring Civil Peace through the use of the ruler to secure the contract in exchange for obedience of the people. In contrast to this method, Rousseau chooses to generate the legitimacy in the contract through the will of the people and for their prosperity and self-preservation. It is through examining the divergent methods of each author that the true distinctions of each form of Social Contract become apparent. The development of the Social Contract for both Hobbes and Rousseau forms from mans need to preserve humanity, but this is not the intended purpose of the contract for Rousseau. For Hobbes, man is naturally evil in the State of Nature. The natural condition of man is competitive and causes distrust and vanity among men. Consequently, man turns to reason to dictate the necessity of self-preservation in this state. And therefore, as long as this naturall Right of every man to every thing endureth, there can be no security to any man...of living out the time which Nature ordinarily alloweth men to live (Hobbes p. 190). To preserve, secure and assure the right of self-preservation, man must use reason to escape the continual fear of violent death that occurs in Nature. The created Civil Peace is the purpose of the Social Contract for Hobbes and leads to the Common Wealth. In contrast, Rousseau sees man as self-interested or barbaric in the State of Nature. It is mans unlimited right to temptation that demonstrates the need for mankind to enter Civil Society. Unlike Hobbes, who sees the State of Nature as a horrible life, Rousse...

Improving Organizational Communication through CFM Essay

Improving Organizational Communication through CFM - Essay Example Conway Inn & Hotel has gone through reductions in customer flow in the last two and a half years, which has seen cutbacks in some of the services offered by the organization. Because of the reduction of customer flow, many customers have stopped frequenting the establishment, which has occasioned small-scale staff layoffs. Consequently, the organization has seen a decrease in revenues, which has also affected the confidence of the employees in the organization’s capability to keep them employed. An increase in customer flow and subsequent transition into a high performance organization can go some way in resolving this issue. The organization would also like to explore the possibility of franchising into Best Western. The customer flow at Conway Inn & Hotel has slowed down, which can be seen by reviewing the registration logs that are meant to alert the organization on dropping rates of customer flow. The establishment has been popular with the local population, as well as vis itors travelling through the town because of various amenities offered, such as cab services, free Wi-Fi connection, and refrigerators in the rooms. The downturn in customer flow, however, has seen the organization cut back on several services, which must be maintained if they are to have a competitive advantage over their competitors. There have been several attempts to improve on customer service, although the organization has been faced with difficulties with this because of the reduced customer flow. Therefore, this analytical research paper will seek to answer the question: â€Å"How can Conway Inn & Hotel transition into a high performance organization?† The best way to do this, as will be argued, is through customer flow management, or CFM. Literature Review Customer flow manag

Needing the Unnecessary by James B. Twitchell Article

Needing the Unnecessary by James B. Twitchell - Article Example These products are of high meaning to us but have almost zero utility. I absolutely agree with the writer since things, the possession of which, was highly cherished previously are now taken for granted. The middle-class community is now not striving to give their family a better living and their children a good education, but they are now working themselves out in order to get the luxuries that they yet do not have. We have converted our wants into needs. We need to ask ourselves if this is what the generation of tomorrow requires and should we start giving more importance to directing the youth towards morals rather than teaching them how to acquire luxuries. 2. Brand Equity is "An intangible value-added aspect of a particular good that is otherwise not considered unique". It is attained by companies through an aggressive marketing campaign. Measuring brand equity is not at all simple. The logo of Coca Cola, for instance, is recognized worldwide but we cannot say that it enjoys strong brand equity just because people know about it. Moreover, a partial measure of brand equity is brand loyalty. However all consumers who always buy Coca Cola cannot be called loyal but they can also be categorized as habitual, who do not seek variety in their tastes. Another measure of brand equity is the brand image.  Ã‚   Hence an authentic measurement of brand equity has not yet been developed. 3. Price elasticity of demand refers to the way prices change in relationship to the demand, or the way demand changes in relation to pricing. Generally, it is believed that related to a reduction in the price of a product its demand increases. I think price elasticity can be used to identify a brand's competitors. Say for example that your product is not too high or not too low priced (mediocre). You lose a number of sales to competitors you would like to identify. Maybe if you increased your product price to an extent(for a certain period of time) that demand for it lowers, you could now study the consumers and identify which other brands the consumers shift to, thus identifying your competitors.   

Theory and practices of negotiation Essay Example for Free

Theory and practices of negotiation Essay Definition When you hear the word negotiation, what comes first to mind? Negotiation is almost always an everyday transaction being dealt with by each and every one of us. Indeed, how often do you negotiate often, seldom, or never? Everything in life is negotiated, under all conditions, at all times: from asking your parents to bring you to the shopping malls to take out the morning garbage to driving in the express lane in rush-hour traffic, from determining what time to schedule an appointment with a client to deciding which tv show to watch with your family—to some extent, every facet of life is linked with one’s using of negotiation. Negotiation occurs whenever people exchange ideas with the intention of changing relationships or whenever they confer for agreement. Another definition expanding slightly the above meaning of negotiation is to note that negotiation is conducted neither to widen nor to breach the relationship, but to form a new or different configuration. In short, most of us are constantly involved in negotiations to one degree or another for a good part of any given day. Negotiation should be considered as a positive way of structuring the communication process. It is usually more than helpful in one’s work environment and in closing deals with new clients or prospects. Win-win negotiation skills are assets to a company especially if you will be in-charge of marketing new and pioneer products to the market. Effective negotiation helps you to resolve situations where what you want conflicts with what someone else wants. The aim of win-win negotiation is to find a solution that is acceptable to both parties, and leaves both parties feeling that theyve won, in some way, after the event. Preparing for a successful negotiation†¦ Depending on the scale of the disagreement, some preparation may be appropriate for conducting a successful negotiation. For small disagreements, excessive preparation can be counter-productive because it takes time that is better used elsewhere. It can also be seen as manipulative because, just as it strengthens your position, it can weaken the other person’s. However, if you need to resolve a major disagreement, and then make sure you prepare thoroughly. Using our free worksheet, think through the following points before you start negotiating: Goals: what do you want to get out of the negotiation? What do you think the other person wants? Trades: What do you and the other person have that you can trade? What do you each have that the other wants? What are you each comfortable giving away?   Alternatives: if you don’t reach agreement with the other person, what alternatives do you have? Are these good or bad? How much does it matter if you do not reach agreement? Does failure to reach an agreement cut you out of future opportunities? And what alternatives might the other person have? Relationships: what is the history of the relationship? Could or should this history impact the negotiation? Will there be any hidden issues that may influence the negotiation? How will you handle these? Expected outcomes: what outcome will people be expecting from this negotiation? What has the outcome been in the past, and what precedents have been set?   The consequences: what are the consequences for you of winning or losing this negotiation? What are the consequences for the other person? Power: who has what power in the relationship? Who controls resources? Who stands to lose the most if agreement isn’t reached? What power does the other person have to deliver what you hope for? †¢ Possible solutions: based on all of the considerations, what possible compromises might there be? Negotiating successfully†¦ The negotiation itself is a careful exploration of your position and the other person’s position, with the goal of finding a mutually acceptable compromise that gives you both as much of what you want as possible. Peoples positions are rarely as fundamentally opposed as they may initially appear the other person may have very different goals from the ones you expect! In an ideal situation, you will find that the other person wants what you are prepared to trade, and that you are prepared to give what the other person wants. If this is not the case and one person must give way, then it is fair for this person to try to negotiate some form of compensation for doing so – the scale of this compensation will often depend on the many of the factors we discussed above. Ultimately, both sides should feel comfortable with the final solution if the agreement is to be considered win-win. Only consider win-lose negotiation if you dont need to have an ongoing relationship with the other party as, having lost, they are unlikely to want to work with you again. Equally, you should expect that if they need to fulfill some part of a deal in which you have won, they may be uncooperative and legalistic about the way they do this.

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Taquan Evans Sister Robinson British Literature Final How Being Nice Can Get You Further Than Others Do you know two people who have the exact same job, but one person gets much more successful results solely because they are more nice and caring than the other person? I know if I was dealing with a person I would like them to be respectful and caring of my feelings depending on the situation. If they weren’t then we would more than likely be in a hostile situation. Having a respectful and courteous attitude will make you more approachable and comfortable to talk to. In the novel Things Fall Apart by Chinua Achebe there is a perfect example of this, with Mr. Brown and Reverend Smith. Mr. Brown won more converts than Reverend Smith because he listens to and cares for the people of the Umuofia clan. Some people in the Umuofia clan think of Mr. Brown as a psychologist. He is a person that they can go to and talk to without being criticized and ridiculed by their clan members. Through Mr. Brown’s Christian therapy, people learn about themselves. They discover ways to overcome difficulties, develop inner strengths or skills, or make changes in themselves or their situations. â€Å"Often, it feels good just to have a person to vent to, and other times it's useful to learn different techniques to help deal with stress.† -Earl Hunt, Ph.D. Already having dealt with the missionaries in Mbanta, Okonkwo is now forced to deal with them in his own village. However, Mr. Brown, their leader, is far more enlightened than the average white colonist. Although he doesn’t really understand Igbo beliefs, he is capable of respecting them, and he does not want his converts to antagonize the clan. He seems to share the clan’s value of peaceful, harmonious ... ...es to the flock. And when the chief Shepherd appears, you will receive the unfading crown of glory. Likewise, you who are younger, be subject to the elders. Clothe yourselves, all of you, with humility toward one another, for â€Å"God opposes the proud but gives grace to the humble.† Mr. Brown builds a hospital and a school. He begs the villagers to send their children to school and warns them that if they do not, strangers who can read and write will come to rule them. His arguments are fairly effective, at first, people only send their lazy children. But more and more people begin to go as they realize that the ability to read and write opens up great social mobility. The DC is surrounded by Africans from Umaru; these literate Africans earn high wages and how power in Umuofia. Mr. Brown's school begins to produce results. His hospital wins praise for its treatments.

Middle Childhood and Adolescence Paper Essay

The change that occurs from middle childhood to adolescence is arguably one of the most profound changes that children go through. Not only do children change physically but emotionally. â€Å"Adolescence is the transitional period between late childhood and the beginning of adulthood, and marks the beginning of the reproductive lifespan in humans. Adolescence involves sexual maturity in terms of hormones and physical development of the body, and is also characterized by an increase in the complexity of group interactions and thus social behavior (Lerner and Steinberg, 2004)†. During this time of transition many develop a stronger sense of self and begin to separate from completely associated themselves with their family members. This is a completely normal stage of transition for children turning into adolescents and becoming a vital part of a larger community. Family Dynamics There are many ways a child’s upbringing can affect how they mature into adults. A primary aspect taken into consideration is the family dynamic in which a child is raised. In many cases a child with a family that is well structured, has sound moral characteristics, and provides a stable environment is more likely to be a successful member of society. Whereas a child who has a family that is dysfunctional is less likely to be in a healthy environment emotionally or physically. For example, â€Å"Recent research has suggested that the family plays an important role in depressive disorders (Keitner & Miller, 1990; Keitner, Miller, Epstein, & Bishop, 1990). More specifically, research has demonstrated that families of depressed patients manifest significant impairments in family functioning during the patient’s acute episode relative to control families (Crowther, 1985; Dobson, 1987; Keitner, Miller, Epstein, & Bishop, 1986) with 50%–75% of families of depressed patients manifesting significant family dysfunction.†(Miller, I. W., Keitner, G. I., Whisman, M. A., Ryan, C. E.,  Epstein, N. B., & Bishop, D. S. ,1992). A dysfunctional family can become a catalyst for many undesirable emotional attributes and or physical reactions that can occur after being subjected to higher levels of dysfunction. For example if a child is verbally abused by a parent they may exhibit such behaviors towards their peers to gain some form of control in their life. Peer Influences: From Middle Childhood to Adolescence Peers from middle childhood onto adolescence make a substantial change with age. Many children at a young age learn how to socialize with other children and generally behave well with the collective group. As children grow in age and their hormones develop, they become more aware of their surrounding social group. This can have both negative and positive impacts on development. â€Å"The poor peer relations of aggressive children could make them isolated psychologically or physically from peers, which in turn might result in depressive or disruptive problems.† (Yamasaki, K., & Nishida, N. 2009). Whereas in a healthy peer relation environment a child will be more likely to excel socially and develop a strong sense of individuality amongst those around them. Pressures faced in Adolescence vs. Middle Childhood. During the change from middle childhood to adolescence, children are begin to develop their own identity. They are physically going through major changes. Where sexual differences before adolescence usually played a dividing factor when it comes to social interactions, chemical changes that happen to most adolescent boys or girls bring about a change in interest. Often children begin to think more abstractly during this change instead of just asking why they think of the multiple possibilities. Children going through adolescence are going through body image struggles, boys feel pressured to have to meet â€Å"masculine† standards, whereas girls go through major changes in body image and can feel vulnerable. â€Å"With puberty, normal increases in girls’ body, fat can impact body image and self-concept negatively for many. Both boys and girls might be concerned with skin problems, height, weight, and overall appearance.† (Oregon State University, 2001). Almost all children face this significant change through puberty, which brings on emotional changes as well. It is important to encourage an understanding of healthy body image to boost confidence. Changes in Moral Values from Middle Childhood to  Adolescence During the change from middle childhood to adolescence moral values begin to advance beyond just the understanding of what is right or wrong determined by peers. During middle childhood children think more along the lines of what is fair, and rely on more of a give and take dynamic. With a transition to adolescence children begin to take into account others feelings and their perspective. Also when a child becomes older they come to see â€Å"the bigger picture†, and become influenced by society’s moral standards. â€Å"Increasing ability to take perspective of others into account with own perspective. (Children) Begins to question social conventions and re-examine own values and moral/ethical principles, sometimes resulting in conflicts with parents.†(Oregon State University, 2001). The mind begins to open to understanding different scenarios. This is when most children begin to question their peers and even formulate their own opinions, sometimes that involves changing from having the same ideals as their parents. Conclusion There are many changes that happen during the change from middle childhood to adolescence. Physical changes include changes in bodily image, many children enter into puberty at this time. When children become adolescents they become more involved with their self-image and individuality. Emotional changes begin to happen at this age as well, some attribute it to hormone changes, however cognitive growth also has a lot to do with the change. During this time of change it is important for families to provide helpful guidance without over stepping personal boundaries of young budding adults. Being a supportive family will increase a child’s ability to transition well and become a successful, well-rounded member of society. References Choudhury, S., Blakemore, S., & Charman, T. (2006, December). Social cognitive development during adolescence. Retrieved from http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2555426/ Miller, I. W., Keitner, G. I., Whisman, M. A., Ryan, C. E., Epstein, N. B., & Bishop, D. S. (1992). Depressed patients with dysfunctional families: Description and course of illness. Journal of Abnormal Psychology, 101(4), 637-646. doi:http://dx.doi.org/10.1037/0021-843X.101.4.637 Nickerson, A. B., & Nagle, R. J. (2004). The influence of parent and peer attachments on life satisfaction in middle childhood and early adolescence. Social Indicators Research, 66(1-2), 35-60. doi:http://dx.doi.org/10.1023/B:SOCI.0000007496.42095.2c Oregon State University. (2001, January). Middle Childhood and Adolescent Development [Chart]. Retrieved from http://extension.oregonstate.edu/tillamook/sites/default/files/documents/4h/ecno1527.pdf Yamasaki, K., & Nishida, N. (2009). The relationship between three types of aggression and peer relations in elementary school children. International Journal of Psychology, 44(3), 179-186. doi:http://dx.doi.org/10.1080/00207590701656770

Jane Eyre: Relating to Feminism and Bertha Manson as an Alter Ego

The novel, Jane Eyre, describes the transformation from childhood to adulthood of an orphaned girl named Jane. Bertha Mason, is portrayed as the alter ego of the orphaned girl, Jane Eyre. This statement could be interrupted in many ways. One being-for an example- Bertha being a symbol and representation of Jane’s feeling in regard to the situation of her marrying Rochester. Another is some likeliness of both women’s actions.Jane Eyre may feel as if the matter of marriage is oppressing her. The dreams she received after the engagement suggests she secretly fears being submitted. Also, she may rage at the idea of losing her freedom and yielding to a higher power, which in this case is Rochester. Jane herself does not show all of these emotions, but they are animated through the actions of Bertha. Bertha tearing the bridal veil could stand for a metaphorical sign or warning for Jane as to not get married.On another note, Bertha is also the obstacle that stops the wedding f rom persisting on; she is not only a metaphorical element, but is also a physical obstacle as well. The male dominating aspect relates both Bertha and Jane. Bertha was tied and locked away, showing the bondage and effect Victorian marriage had on mental and emotional health. It suggests that it suffocated women and took away their freedom. Jane was forced and expected to concede at both Gateshead Hall and Lowood Institution. You can read also Analysis of Literary Devices of Jane EyreShe was harassed and also suggested by many that she not be so passionate. Knowing back then women for expected to fit the perfect imagine of civil, mannered, and self contained. Although, Jane was self righteous, opinionated, and passionate when younger. She learned to be well behaved and level headed at Lowood Institution the younger oppressed side of her reveals from her alter ego, Bertha. The likeliness of some events that occurred pertaining to both women does suggest that the madwoman in the attic is indeed the alter ego of Jane.Firstly, Bertha having been locked in a room for about ten years and goes insane. Jane gets locked in the red room at the young age of ten for about five minutes and lashes out hysterically. Secondly, after Bertha attacks Mr Mason she then gets tied up in the attic; Jane, when younger, received a threat to be restrained by her aunt if she did not yield. Lastly, the mad women is mental insane and Jane starts to hear voices. The madwoman in the attic has many symbols and roles that could be interpreted in this novel.Whether it is the horrors of Victorian marriage or the controlled element of the female gender. The statement states that Bertha is the alter ego to Jane Eyre and for many reasons. The madwoman in the attic plays a big role in representing Jane herself and her unconscious and internal conflicts. Including some key emotional events Jane went through in childhood. The relations between the two just goes to show that you can’t quite escape your past characteristics and suppress them for long.

Biography of Michiel de Ruyter, Great Dutch Admiral

Biography of Michiel de Ruyter, Great Dutch Admiral Michiel de Ruyter (March 24, 1607–April 29, 1676) was one of the Netherlands most skilled and successful admirals, who is famous for his role in the  Anglo-Dutch Wars  of the 17th century. He is particularly noted for his raid on the Medway, where the Dutch fleet sailed up the Thames, a river that flows right through the heart of London, England, burning more than 10 British ships and capturing two others. Fast Facts: Michiel de Ruyter Known For: Successful Dutch admiral of the 17th century; led a raid up the Thames and into the heart of LondonAlso Known As: Michiel Adriaenszoon, Bestevaà ªrBorn: March 24, 1607 in Vlissingen, NetherlandsParents: Adriaen Michielszoon, Aagje JansdochterDied: April 29, 1676 in the Bay of  Syracuse, near  SicilyFilms: Admiral (Michiel de Ruyter), 2015Awards and Honors: De Ruyter has a statue in his birthplace  Vlissingen looking out at the sea. Many towns in the Netherlands have named streets after him. Six ships of the  Royal Netherlands Navy  have been named  HNLMS  De Ruyter  and seven are named after his flagship  HNLMS  De Zeven Provincià «n.Spouse(s): Maayke Velders (m. March 16, 1631–December 31, 1631), Neeltje Engels (m. summer 1636–1650), Anna van Gelder (January 9, 1652–April 29, 1676)Children: Adriaen, Neeltje, Aelken, Engel, Margaretha, AnnaNotable Quote: You might see the heads of some, the arms, legs or thighs of others shot off, and others....cut off by the middle with a chain-shot breathing out their last anguish and pain; some burning in ships fired, and others exposed to the mercy of the liquid Element, some of them sinking, whilst others who have learnt the art of swimming, lift up their heads above water and implore pity from their very enemies, entreating them to save their lives. Early Life Ruyter was the son of Vlissingen beer porter Adriaen Michielszoon and his wife Aagje Jansdochter. Growing up in a port town, de Ruyter appears to have first gone to sea at age 11. Four years later, he entered the Dutch army and fought against the Spaniards during the relief of Bergen-op-Zoom. Returning to business, he worked in the Dublin office of the Vlissingen-based Lampsins Brothers from 1623 to 1631. He married Maayke Velders when he returned home, but the union proved brief as she died in childbirth in late 1631. In the wake of his wifes death, de Ruyter became first mate of a whaling fleet that operated around Jan Mayen Island. After three seasons on the whale fishery, he married Neeltje Engels, the daughter of a wealthy burgher. Their union produced three children who survived to adulthood. Recognized as a gifted sailor, de Ruyter was given command of a  ship in 1637 and was charged with hunting raiders operating from Dunkirk. Successfully fulfilling this duty, he was commissioned by the Zeeland Admiralty and given command of the warship Haze, with orders to aid in supporting the Portuguese in their rebellion against Spain. Early Naval Career Sailing as third-in-command of the Dutch fleet, de Ruyter aided in defeating the Spanish off Cape St. Vincent on November 4, 1641. With the fighting concluded, de Ruyter purchased his own ship, Salamander, and engaged in trade with Morocco and the West Indies. Becoming a wealthy merchant, de Ruyter was stunned when his wife suddenly died in 1650. Two years later, he married Anna van Gelder and retired from the merchant service. With the outbreak of the First Anglo-Dutch War, de Ruyter was asked to take command of a Zealandic squadron of directors ships (privately financed warships). Accepting, he successfully defended an outbound Dutch convoy at the Battle of Plymouth on August 26, 1652. Serving under Lieutenant-Admiral Maarten Tromp, de Ruyter acted as a squadron commander during the defeats at Kentish Knock (October 8, 1652) and the Gabbard (June 12–13, 1653). Following Tromps death at the Battle of Scheveningen in August 1653, Johan de Witt offered de Ruyter command of the Dutch fleet. Fearful that accepting would anger officers senior to him, de Ruyter declined. Instead, he elected to become the vice-admiral of the Amsterdam Admiralty shortly before the end of the war in May 1654. Later Naval Career Flying his flag from Tijdverdrijf, de Ruyter spent 1655–1656 cruising the Mediterranean and protecting Dutch commerce from the Barbary pirates. Shortly after arriving back in Amsterdam, he re-embarked with orders to support the Danes against Swedish aggression. Operating under Lieutenant-Admiral Jacob van Wassenaer Obdam, de Ruyter aided in relieving Gdaà ±sk in July 1656. Over the next seven years, he saw action off the coast of Portugal and spent time on convoy duty in the Mediterranean. In 1664 while off the coast of West Africa, he battled with the English who had occupied Dutch slaving stations. Crossing the Atlantic, de Ruyter was informed that the Second Anglo-Dutch War had begun. Sailing to Barbados, he attacked the English forts and destroyed shipping in the harbor. Turning north, he raided Newfoundland before re-crossing the Atlantic and arriving back in the Netherlands. After van Wassenaer, the leader of the combined Dutch fleet, was killed at the recent Battle of Lowestoft, de Ruyters named was again put forward by Johan de Witt. Accepting on August 11, 1665, de Ruyter led the Dutch to victory at the Four Days Battle the following June. Raid on the Medway While initially successful, de Ruyters luck failed him in August 1666 when he was beaten and narrowly avoided disaster at the St. James Day Battle. The outcome of the battle furthered de Ruyters growing rift with one of his subordinates, Lieutenant-Admiral Cornelis Tromp, who coveted his post as commander of the fleet. Falling gravely ill in early 1667, de Ruyter recovered in time to oversee the Dutch fleets daring raid on the Medway. Conceived by de Witt, the Dutch succeeded in sailing up the Thames and burning three capital ships and 10 others. Before retreating, they captured the English flagship Royal Charles and a second ship, Unity, and towed them back to the Netherlands. The embarrassment of the incident ultimately forced the English to sue for peace. With the wars conclusion, de Ruyters health continued to be an issue and in 1667, de Witt forbade him from putting to sea. This ban continued until 1671. The next year, de Ruyter took the fleet to sea to defend the Netherlands from invasion during the Third Anglo-Dutch War. Encountering the English off Solebay, de Ruyter defeated them in June 1672. Later Years and Death The following year, he won a string crucial victories at Schoonveld (June 7 and June 14) and Texel, which eliminated the threat of English invasion. Promoted to lieutenant-admiral-general, de Ruyter sailed for the Caribbean in mid-1674 after the English had been driven from the war. Attacking French possessions, he was forced to return home when disease broke out aboard his ships. Two years later, de Ruyter was given command of a combined Dutch-Spanish fleet and was sent to aid in putting down the Messina Revolt. Engaging a French fleet under Abraham Duquesne at Stromboli, de Ruyter was able to achieve another victory. Four months later, de Ruyter clashed with Duquesne at the Battle of Agosta. During the fighting, he was mortally wounded in the left leg by a cannonball. Clinging to life for a week, he died on April 29, 1676. On March 18, 1677, de Ruyter was given a full state funeral and buried in Amsterdams Nieuwe Kerk. Sources Pike, John. â€Å"Military.†Ã‚  Anglo-Dutch Wars.â€Å"Michiel Adriaanszoon De Ruyter.†Ã‚  Encyclopedia Britannica, 22 Apr. 2018.â€Å"The Collection.†Ã‚  Lieutenant-Admiral Michiel De Ruyter (1607–1676) - National Maritime Museum.

200 Homonyms, Homophones, and Homographs

200 Homonyms, Homophones, and Homographs Homonyms are two or more words that have the same sound or  spelling  but differ in  meaning. Homophones- which means same sounds in Latin- are two or more words, such as  knew  and  new  or  meat  and  meet, that are  pronounced  the same but differ in  meaning, origin, and often  spelling. Homographs, meanwhile, are words that have the same  spelling  but differ in origin, meaning, and sometimes  pronunciation, such as the verb  bear  (to carry or endure) and the noun  bear  (the animal with a shaggy coat). Words that fall under any of these three categories often confuse readers and writers alike. But they need not perplex you: Understanding the meaning of these three grammatical terms and, especially, being able to recognize them can help clear up any confusion. A list of some of the most common  homonyms, homophones,  and  homographs can help any writer use these words correctly and any reader or listener recognize them when they occur. Homonyms, Homophones, and  Homographs   Here is a listing of some the most common homonyms, homophones, and  homographs. The first column contains homonyms in alphabetical order, while the second and third columns list the corresponding homonym, homophone, or homograph as applicable. accept - take in except - other than ad - advertisement add - join, combine advice - guidance advise - recommend aid - assist, assistance aide - one who gives assistance ail - to suffer poor health ale - a beverage air - atmosphere ere - before heir - one who inherits property aisle - a passage I'll - contraction of I will isle - island allusion - an indirect reference illusion - false appearance altar - table in a church alter - to change ate - past tense of eat eight - the number 8 bail - to clear water bail - release of a prisoner bale - a large bundle band - a ring, something that binds band - a group banned - prohibited bare - uncovered bear - large animal bear - support, yield bases - starting points bases - four stations on a baseball field basis - a basic principle beat - to strike, overcome beat - exhausted beet - a plant with red roots blew - past tense of blow blue - the color bread - baked food item bred - produced buy - purchase by - near, through bye - goodbye capital - punishable by death capital - chief city capitol - building where legislature meets ceiling - top of a room sealing - setting, fastening cell - compartment sell - vend cent - penny coin scent - an odor sent - past tense of send cereal - breakfast food serial - sequential chews - gnaws with teeth choose - to select Chile- country in South America chili - bean stew chilly - frosty chord - musical tone cord - rope cite - quote site - location sight - view close - opposite of open clothes - clothing coarse - rough course - path, procedure complement – enhance; go together compliment - praise conduct - behavior conduct - to lead council - committee counsel - guidance creak - squeak creek - stream of water crews - gangs cruise - ride on a boat days - plural of day daze - stun dear - darling deer- woodland animal desert - to abandon desert - dry land dessert - after-dinner treat dew - morning mist do - operate due - payable die - cease to exist dye - color discreet - tactful discrete - distinct doe - female dear dough - uncooked bread dual - double duel - battle elicit - draw out illicit - illegal eminent - distinguished imminent - soon ewe - female sheep you - second-person personal pronoun eye - sight organ I - first-person personal pronoun facts - true things fax - a document transmitted via telephone fair - equal fare - price fairy - elflike creature with wings ferry - boat faze - impact phase - stage feat - achievement feet - plural of foot find - to discover fined - charged a penalty fir - type of tree fur - animal hair flea - small biting insect flee - run flew - did fly flu - illness flour - powdery, ground up grain flower - blooming plant for - on behalf of fore - front four - three plus one forth - onward fourth - number four foreword - introduction to a book forward - advancing gene - a chromosome jean - fabric; pants gorilla - big ape guerrilla - warrior grease - fat Greece - country in Europe groan - moan grown - form of grow hair - head covering hare - rabbit-like animal hall - passageway haul - tow halve - cut in two parts have - possess hay - animal food hey - interjection to get attention heal - mend heel - back of foot hear - to listen here - at this place hi - hello high - up far hoarse - croaky horse - riding animal hole - opening whole - entire holey - full of holes holy - divine wholly - entirely hoarse - rough voice horse - animal hour - sixty minutes our - belonging to us knead - massage need - desire knew - did know new - not old knight - feudal horseman night - evening knot - tied rope not - negative know - have knowledge no - opposite of yes lead - metal led - was the leader leased - past tense of lease least - the minimum lessen - make smaller lesson - class loan - lend lone - solitary made - did make maid - servant mail - postage male - opposite of female marry - to wed merry - very happy meat - animal protein meet - encounter mince - to chop finely mints - type of sweet morning - a.m. mourning - remember the dead none - not any nun - woman who takes special vows oar - boat paddle or - otherwise ore - mineral oh - expression of surprise or awe owe - be obligated one - single won - did win overdo - do too much overdue - past due date pail - bucket pale - not bright pain - hurt pane - window glass peace - calm piece - segment peak – highest point peek - glance patience - being willing to wait patients - person treated in a hospital or by a doctor pear - a type of fruit pair - two (usually matching) plain - ordinary plane - flight machine plane; flat surface pole - post poll - survey poor - not rich pour - make flow pray - implore God prey - quarry principal - most important principle - belief rain – water from sky rein - bridle rap - tap wrap - drape around read - past tense of the verb to read red - color real - factual reel - roll right - correct; not left write - scribble ring - encircle wring - squeeze road - street rode - past tense of ride role - function roll - rotate rose - flower rows - lines sail - move by wind power sale - bargain price scene - landscape seen - viewed sea - ocean segment see - observe with eyes seam - joining edge seem - appear sew - connect with thread so - as a result sow - plant soar - ascend sore - hurt place sole - single soul - essence son - male child sun - the star that lights the solar system some - a few sum - amount stair - step stare - to look at steadily steal - swipe steel - alloy suite - large room in a hotel sweet - the opposite of sour tail - animal’s appendage tale - story their - belonging to them there - at that place they’re - they are threw - past tense of throw through - passing from one place to another to - toward too - also two - the number 2 toe - foot appendage tow - pull along vary - differ very - wail - howl wail - howl whale - huge sea mammal waist - area below ribs waste - squander wait – kill time weight - measurable load war - battle wore - did wear warn - caution worn - used way - path weigh - measure mass we - us wee - tiny weak - not strong week - seven days wear - to don attire where - question word weather - climate whether - if which - that witch - sorcerer wood - material coming from trees would - conditional auxiliary your - belonging to you you’re - you are Practice Using Homonyms, Homophones, and Homographs Complete each of the following sentences by filling in the blank with the correct word. Youll find the answers at the end of the exercise. To heighten interest, all of the sentences are quotes from various authors writings in books and magazine articles published over the years. Feel free to use the previous table to help you if you get stumped. â€Å"He simply sat down on the ledge and forgot everything _____ [accept or  except]  the marvelous mystery.†- Lawrence Sargent HallI live in the Oakland Hills in a tiny house on a street so windy you can’t drive more than ten miles per hour. I rented it because the _____ [ad or add]  said this: Small house in the trees with a garden and a fireplace. Dogs welcome, of course.- Pam HoustonFrancis wondered what _____  [advice or  advise]  a psychiatrist would have for him.- John CheeverThe _____ [aid or aide] gets out of the way, picking her skirt out of the rubble of children at her feet.- Rosellen BrownHe seemed to want to  recapture the cosseted feeling  hed had when hed been sick as a child and she would serve him flat ginger _____  [ail or  ale], and toast soaked in cream, and play endless card games with him, using his blanket-covered legs as a table.- Alice Elliott DarkHe sat down and leaned forward, pulling  the chairs rear legs into the _____ [air,  ere, or heir]  so that the waitress could get by.- Stanley Elkins [T]he stewardess was moving down the _____ [aisle, Ill, or isle],  like a trained nurse taking  temperatures in a hospital ward, to see that they were all properly strapped in for the take-off.- Martha GellhornMrs. Parmenter laughed at his _____ [allusion or illusion]  to their summer at Mrs. Sterretts, in Rome, and gave him her coat to hold.- Willa CatherIn the long years between, she had  fashioned many fine dresses- gowned gay girls for their conquests and robed fair brides for the _____ [altar or alter].- Mary LernerOn a Saturday morning soon after he came to live with her, he  turned over her garbage while she  was at the grocery store and _____ [ate or eight]  rancid bacon drippings out of a small Crisco can.- Pam DurbanThe barn was bigger than a church,  and  the falls fresh hay _____ [bails or  bales]  were stacked to the roof in the side mows.- John UpdikeHer  two spare dresses were gone, her comb was gone, her checkered coat was gone, and so was the mauve hair-_____ [band or banned] with a mauve bow that had been her hat.- Vladimir Nabokov Without the shelter of those  trees, there is a great exposure- back yards, clotheslines, woodpiles, patchy sheds and barns and privies- all _____ [bare or bear], exposed, provisional looking.- Alice MunroThis was the time when outfields were larger than they are today and well-hit balls would roll for a long time,  giving  runners ample time  to round the _____ [bases or basis]  for a home  run.- Deidre Silva and Jackie KoneyThe conductor had his  knotted signal cord to pull, and the motorman _____ [beat or beet] the foot gong with his mad heel.- Saul BellowNancy held the cup to her mouth and _____ [blew or blue] into the cup.- William FaulknerA pigeon landed nearby.  It  hopped on its little red feet  and pecked into something that might have been a dirty piece of stale _____ [bread or bred] or dried mud.- Isaac Bashevis SingerHe was wearing a new  hat of a pretty biscuit shade, for it never occurred to him to _____ [buy, by, or bye] anything of a practic al color; he had put it on for the first time and the rain was spoiling it.- Katherine Anne Porter Answers to the Exercise 1. except  2. ad  3. advice  4.  aide  5. ale  6. air  7. aisle  8. allusion  9. altar  10. ate  11. bales  12. band  13. bare  14. bases  15. beat  16. blew  Ã‚  17. bread  18. buy Sources Hall, Lawrence Sargent. The Ledge. The Hudson Review, 1960.Houston, Pam. Waltzing the Cat. Washington Square Press, 1999, New York.Cheever, John. The Country Husband. The New Yorker, 1955.Brown, Rosellen. How to Win. The Massachusetts Review, 1975.Dark, Alice Elliott. In the Gloaming. The New Yorker. 1994.Elkins, Stanley. Criers and Kibitzers, Kibitzers and Criers. Perspective, 1962.Gellhorn, Martha. Miami-New York. The Atlantic Monthly, 1948.Cather, Willa. Double Birthday.  Uncle Valentine and Other Stories. University of Nebraska Press, Lincoln, Neb., 1986.Lerner, Mary. Little Selves. The Atlantic Monthly, 1915.Durban, Pam. Soon. The Southern Review, 1997.Updike,  John. My Fathers Tears and Other Stories. Knopf, 2009, New York.Nabokov, Vladimir That in Aleppo Once... The Atlantic Monthly, 1944.Munro, Alice. Meneseteung. The New Yorker, 1989.Silva, Deidre, and Koney, Jackie. It Takes More Than Balls: The Savvy Girls Guide to Understanding and Enjoying Baseball. Skyhorse, 2008, N ew York. Bellow, Saul. A Silver Dish. The New Yorker, 1979.Faulkner, William. That Evening Sun Go Down. The American Mercury, 1931.Singer, Isaac Bashevis. The Key.  A Friend of Kafka. Farrar, Straus and Giroux, 1979, New York.Katherine Anne Porter, Theft. The Gyroscope, 1930.

UK Government Policies Essay Example | Topics and Well Written Essays - 1500 words

UK Government Policies - Essay Example The reasons for the banking crisis were many including low real interest rates, too much liquidity and a misjudged faith in the financial system. These three factors created an entourage that was extremely optimistic and full of opposite opinions. By not understanding the sensitive situation, some banks have only themselves to blame (Singh, 2007). The tradition within the banking sector in the UK has been one of the risks taking type that lead to its ultimate failure. Bankers made a mess of the financial reading and hence the financial situation (Singh, 2007). However, this failure was not just restricted to individual banks but also the system constructed to defend the public from risk. Banks got concerned about the value of their mortgage and also about the mortgages they had purchased from other institutes. For this reason they refused to lend to other banks in the money markets (Singh, 2007) The measures that the governments stuck during the financial crisis were public investments like debt and equity which further resulted in acquiring banks and other institutions. Government investments eased the situation of banks that went bankrupt and failed to meet its obligations. It increased the amount of money or capital they had and able to make them go on with their daily business routine. The banks that did not keep up to their reputations were legally intervened by the government as it is a part of legal procedure. This intervention means taking away the license from the banks if they were under performing to the level that they had huge debts. This practice however is very common in the USA and some examples include the closing of Washington the sale to JPMorgan (Giudice, 2012). In some cases a few banks could not be sold and so the government decided to take over them by nationalization. For example in the UK the government nationalized many banks and took over some by b uying through common stock. Common stock gave them the right to owner ship of some of the largest banks in the UK like Royal Bank of Scotland and Lloyds (Giudice, 2012). To recover from this financial crisis, the government of the United Kingdom came out with different schemes. One of the schemes was known as the recapitalization program. Under this scheme the government agreed to finance the largest banks in the UK by injecting ?50 billion worth of investment. A company called the UK Financials Investment Limited (UFIL) was created to manage investments in these large banks and to check if they were providing lending with reasonable rates of interest to the general public (Lybeck, 2011). The recapitalization program required an approval from Her Majesty’s treasury for banks to attain it. Eight banks and building societies subscribed to the program including RBS and Lloyds who were granted funds worth ?20 billion and ?17 billion respectively. The government also put some dema nds forward. It said that the banks, after receiving funds should try to help people with their mortgage payments so that they could stay in their homes. The government also kept the right to appoint new non-executive directors. The government recapitalized RBS and Lloyds and taking over 70% and 65% respectively. It took complete control over Northern Rock and Bradford & Bingley. The reason

Bicycle gives environment low impact Essay Example | Topics and Well Written Essays - 250 words

Bicycle gives environment low impact - Essay Example The government of Queensland however also explains that using a bicycle over a distance of 10 kilometers saves the environment from emission of 1500 kilograms of greenhouse gas (1). Unlike cars that are widely used for transport in urban areas, bicycle use also reduces environmental pollution by exhaust gases carbon, nitrogen, and sulphur oxides. In addition, bicycle usage generates less noise compared to noise from engines of other locomotive machines such as cars and motor bicycles (Deakin University of Australia 2). Disposal of waste material is another burden to the environment and bicycles reduce this. This is because of relatively less materials that are used to assemble bicycles, compared to materials used for other vessels such as vehicles and airplanes. Density of materials used in bicycles is also lower and this facilitate disposal of bicycle parts once they are worn out (Queensland Government 1). Deakin University of Australia. â€Å"Environmental benefits of cycling.† Deakin University of Australia. N.d. Wweb. October 23, 2014. < https://www.deakin.edu.au/travelsmart/docs/theenvironmentabenefitsofcycling_fact%20sheet.pdf

Industrial Services of America Inc Essay Example | Topics and Well Written Essays - 1000 words

Industrial Services of America Inc - Essay Example It is evident that a number of factors including promotion, job security, approval from peers and management, and appraisals, motivate employees in an organizational scenario. Internal factors, such as ethics, values, and morals of the organization affect the motivation and work output of the employees. A successful organization ensues that its employees are well motivated because they are the organization itself. An organization should study and structure its throughput variables in a manner that will enhance employee motivation. The knowledge of throughput variable interaction is essential for successful employee motivation and performance enhancement (Burke, 2010). This paper will examine the throughput variables of Industrial Services of America Inc. and how their interaction influences employee motivation and performance. Industrial Services of America is a company that is in the recycling business majoring in metal recycling. This business is quite competitive in the United Sta tes, and this exposes ISA to potential business risks and stiff competition from some of the established recycling companies. This problem is compounded by the fact that the economy is unfavorable for the market; therefore, the company’s returns are adversely affected. ISA management has resorted to employee motivation using throughput variable interaction to influence employee motivation and enhance performance. This increases the work output of employees thus increasing the returns of the company. Throughput Variables used by ISA Mission and Strategy The mission and strategy of ISA emphasizes on consistent and clarity in communication that are essential for the company’s success. The senior management believes in forming a mission and vision statement that is celebrated by both the public and the employees. To ensure that employees celebrate the strategy and the mission of the organization, the teams that create it must consider the opinions of the employees in the p rocess. Studies have shown that those organizations that have involved teams at all levels in mission and strategic planning increase an employee’s motivation to the success of the organization. Through wide consultations and public debate, the employees’ individual needs and divergent views are listened to without reprimand. This process motivates employees because it makes them valued and thus dissipating any hidden rebellion or resistance to management (Sharma, 2006). Individual needs and values As aforementioned, an individual’s need for satisfaction influences their motivation. ISA is like a society with employees with a diverse background. This translates to different needs and values among the company’s employees, which makes it vital for the organization to enhance its ability to meet the different needs of the employees. ISA identifies the values and needs of its employees through integrating them in the process of major decision-making. The comp any has a culture in which the management mingles freely with the junior employees besides the use of effective feedback mechanisms that are employed. The feedback mechanisms used by the company are essential for job enhancement decisions taken by the management. Job enhancement and enrichment boost employee motivation. This is because the meeting of the employees’

Observations of an Apple Essay Example for Free

Observations of an Apple Essay The assignment was to observe a fruit or vegetable for at least an hour. I thought it was crazy and pointless but not so ridiculous that I would not do it and earn a bad grade. Before I started, I read Samuel Scudder’s essay â€Å"Learning to See† where he talks about having to do a similar type of assignment but with a fish. He eventually became engrossed in the fish and so I became determined that I was going to try to find all I possibly could about my apple in the hour that I had. With this in mind, I chose an apple from my bowl of fruit and prepared for what I thought would be a tedious sixty minutes. I grabbed some paper and a pen, turned on some music, and began the observation process. I started just by writing everything I could see on the outside of the apple. The skin of the apple had many different shades of red as well as a yellow patch on one side. It was covered in dark red stripes that looked like quick paint strokes from a tiny paintbrush. Little white and yellow dots gave it the appearance of a speckled egg. I then noticed the apple’s shape as well as the lumps, dents, and scratches on its skin. It was slightly cold to the touch, as well as smooth and dry. I was tempted to go ahead and cut the apple open but I wanted to make sure I had written down all the small details that would normally go completely unnoticed. After I was sure I had noted as much as I could about the outside, I sliced the apple in half horizontally to observe the inside. When it is cut horizontally, the little pit where the seeds are kept is in the shape of a star and feels like thin cardboard. There were five seeds, all dark brown and shaped like a raindrop. The flesh was softer on its own without the protection of the skin and almost mushy. When I looked even closer, it seemed that the flesh of the apple was made up of tiny crystals that glistened in the light because of the juice and its cream coloring. The inside was even colder since it was wet. The sweet smell of the apple grew stronger and I finally gave in and took a bite. I wrote about the crunchiness, how crisp it was, how my teeth left their impression in the apple, how the skin ripped when it was bitten, and how  juicy it was. I decided to check the time at that point and was extremely surprised that I had only fifteen minutes left to finish up my notes. So I decided to get a little more creative with what I did to the apple. I began dissecting pieces of it, cutting little spots in half, finding the veins and what seemed to be roots of the apple. I even noticed how it stained the paper towel it sat on when I cut it. Soon I realized I had just a few minutes left and so to finish it all off, I decided to see what would happen when the apple, or what was left of it, would do when thrown hard against the pavement. I quickly ran outside and excitedly hurled the apple at the ground. I was pleased to watch it break apart and splatter all over the sidewalk and even into the snow. I walked back inside and was surprised at how excited and enthusiastic I had become by going through this sort of experiment. I did not expect that sort of reaction to come from me especially when my first thoughts had been that I would end up hating this assignment and giving up on it. I never would have believed someone if they had told me that I would one day spend an hour observing an apple, and in the end, find that I had actually enjoyed it.

Parallel Experiences of Three Troubled Women in Cunninghams, The Hours

Parallel Experiences of Three Troubled Women in Cunningham's, The Hours According to Chronicles magazine, "Woolf was undeniably a brilliant writer." Woolf's work of Mrs. Dalloway was read by fifteen-year-old Michael Cunningham in order to impress an older girl in school. As he stated, "the book really knocked me out." Once older, Cunningham wanted to write about Mrs. Dalloway, but thought not too many people would want to read a book about reading a book. He then thought he might want to read a book about reading the right book. Hence, The Hours was written. Cunningham would incorporate Mrs. Dalloway into "a book about reading a book." The Hours weaves through three woman's lives. As the novel unfolds, it shows that these three women are related by parallel experiences. The first narrative is Virginia Woolf, the famous author. She is one of the main women in this complex story. Woolf has a troublesome life. She has multiple thoughts of suicide and death. She is anorexic and caught in a marriage that is doomed. The first chapter by Cunningham tells of Woolf's suicide drowning in 1941. Cunningham tells of the demons within Woolf's head and the consequently her fatal death from listening to these voices. The novel then moves to the stories of two modern American women who are trying to make rewarding lives for themselves. Laura Brown is a fragile middleclass housewife and mother in 1951. She lives a miserable life trying to play the model suburban housewife. Throughout The Hours, Laura is reading Mrs. Dalloway, which is Virginia's novel. Her obvious mental illness doesn't allow her to always connect and understand her environment. Situations that seem simple to the average person, such as making a cake, are beyond difficu... ...fter reading the story and watching it, I still have difficulty interrupting it. Yet, by looking at the ambiguities, gaps and strategically placed metaphors I can understand it better. Cunningham does a good job of tying these three stories together into a novel about reading a book. I would highly recommend this book to the advanced reader. Works Cited Axemaker, Sean. "Driven to Live." Rev. of The Hours, by Michael Cunningham. Eugene Weekly: 23 Jan. 2003 "Be Afraid of Virginia Woolf." Chronicles: March 2003. Cunningham, Michael. The Hours. New York: Picador USA, 1998. Doig, Will. "Man of The Hours: Michael Cunningham's Unlikely Runaway Smash." Metro Weekly 23 Jan. 2003. Merriam-Webster. Webster's New American Dictionary. New York: Smithmark, 1995. Sipiora, Phillip. Reading and Writing about Literature. Upper Saddle River: Prentice Hall, 2002.

Enterperneurship and Notes

Entrepreneurship—MGT602 VU Table of Contents Lesson No. Title / Topic 1 Introduction 2 The Nature and Importance of Entrepreneurship 3 Entrepreneurial Process/ Start up 4 The Entrepreneurial and Intrapreneurial Mind 5 The Entrepreneurial and Intrapreneurial Mind (Contd†¦ ) 6 The Entrepreneurial and Intrapreneurial Mind (Contd†¦ ) 7 The Entrepreneurial and Intrapreneurial Mind (Contd†¦ ) 8 The Individual Entrepreneur 9 The Individual Entrepreneur (Contd†¦ ) 10 The Individual Entrepreneur (Contd†¦ 11 International Entrepreneurial Opportunities 12 International Entrepreneurial Opportunities 13 International Entrepreneurial Opportunities (Contd†¦ ) 14 International Entrepreneurial Opportunities (Contd†¦ ) 15 International Entrepreneurial Opportunities (Contd†¦ ) 16 Creativity and Business Idea 17 Creativity and the Business Idea 18 Legal Issues for the Entrepreneur 19 Legal Issues for Entrepreneur (Contd†¦ ) 20 Legal Issues for the Entr epreneur (Contd†¦ ) 21 Creating and Starting the Venture 22 Creating and Starting the Business Venture (Contd†¦ 23 Creating and Starting the Venture (Continued) 24 Creating and Starting the Business Plan Continued) 25 The Marketing Plan 26 The Marketing Mix 27 The Organizational Plan 28 The Organizational Plan (Continued) 29 The Organization Plan (Contd†¦ ) 30 The Financial Plan 31 The Financial Plan (Continued†¦ ) 32 Pro Forma Sources and Uses of Funds 33 Pro forma Sources and Uses of Funds 34 Bank Lending Decision 35 Sources of Capital 36 Sources of Capital (Contd†¦ ) 37 Capital Sources in Pakistan Preparing for the New Venture Launch: Early Management Decisions 38 (Contd†¦ ) Page No. 3 06 08 13 15 18 20 22 24 26 29 33 35 37 39 40 43 46 49 52 54 56 58 60 62 65 68 70 72 75 77 81 83 85 87 89 91 95  © Copyright Virtual University of Pakistan 1 Entrepreneurship—MGT602 VU 39 Preparing for the New Venture Launch: Early Management Decisions (Contdâ € ¦ ) 40 Preparing for the New Venture Launch: Early Management Decisions (Contd†¦ ) 41 Preparing for the New Venture Launch: Early Management Decisions (Contd†¦ ) 96 97 99 42 Preparing for the New Venture Launch: Early Management Decisions (Contd†¦ ) 43 New Venture Expansion Strategies and Issues 44 New Venture Expansion Strategies and Issues (Contd†¦ 45 Entrepreneurship and Pakistan 102 103 105 108  © Copyright Virtual University of Pakistan 2 Entrepreneurship—MGT602 INTRODUCTION Lesson 01 LEARNING OBJECTIVES 1. 2. 3. 4. 5. VU 1. To introduce the concept of entrepreneurship and its historical development. 2. To explain the entrepreneurial decision process. 3. To identify the basic types of start-up ventures. 4. To explain the role of entrepreneurship in economic development. 5. To discuss the ethics and racial responsibility of entrepreneurs. NATURE AND DEVELOPMENT OF ENTREPRENEURSHIP The term entrepreneur comes from the French and translates â€Å" between-taker† or go-between. † Earliest Period In this period the money person (forerunner of the capitalist) entered into a contract with the go-between to sell his goods. While the capitalist was a passive risk bearer, the merchant bore all the physical and emotional risks. Middle Ages In this age the term entrepreneur was used to describe both an actor and a person who managed large production projects. In such large production projects, this person did not take any risks, managing the project with the resources provided. A typical entrepreneur was the cleric who managed architectural projects. 7th Century In the 17th century the entrepreneur was a person who entered into a contract with the government to perform a service Richard Cantillon, a noted economist of the 1700s, developed theories of the entrepreneur and is regarded as the founder of the term. He viewed the entrepreneur as a risk taker who â€Å"buy[s] at certain price and sell[s] at an uncertain price, t herefore operating at a risk. † 18th Century In the 18th century the person with capital was differentiated from the one who needed capital. In other words, entrepreneur was distinguished from the capital provider.Many of the inventions developed during this time as was the case with the inventions of Eli Whitney and Thomas Edison were unable to finance invention themselves. Both were capital users (entrepreneurs), not capital providers (venture capitalists. ) Whitney used expropriated crown property. Edison raised capital from private sources. A venture capitalist is a professional money manager who makes risk investments from a pool of equity capital to obtain a high rate of return on investments. 19th and 20th Centuries In the late 19th and early 20th centuries, entrepreneurs were viewed mostly from an economic perspective.The entrepreneur â€Å"contributes his own initiative, skill and ingenuity in planning, organizing and administering the enterprise, assuming the chance of loss and gain. † Andrew Carnegie is one of the best examples of this definition, building the American steel industry on of the wonders of industrial world, primarily through his competitiveness rather than creativity. In the middle of the 20th century, the notion of an entrepreneur as an innovator was established.  © Copyright Virtual University of Pakistan 3 Entrepreneurship—MGT602Innovation, the act of introducing something new, is one of the most difficult tasks for the entrepreneur. VU Edward Harriman and John Pierpont Morgan are examples of this type of entrepreneur. Edward reorganized the Ontario and southern railroad through the northern pacific trust and john developed his large banking house by reorganizing and financing the nation’s industries. This ability to innovate is an instinct that distinguishes human beings from other creatures and can be observed throughout history. DEFINITION OF ENTREPRENEUR The concept of entrepreneurship from a person al perspective has been explored in this century.This exploration is reflected in the following three definitions of an entrepreneur: In almost all definitions of entrepreneurship, there is agreement that we are talking about a kind of behavior that includes: 1. Initiative taking 2. The organizing and reorganizing or social/economic mechanisms to turn resources and situations to practical account. 3. The acceptance of risk or failure. To an economist, an entrepreneur is one who brings resources, labor, materials, and other assets into combinations that make their value greater than before, and one who introduces changes, innovations, and a new order.To a psychologist, such a person is typically driven by certain forces- the need to obtain something, to experiment, to accomplish or perhaps to escape the authority of others. Entrepreneurship is the dynamic process of creating incremental wealth. Our definition of entrepreneurship involves four aspects: 1. Entrepreneurship involves the creation process. 2. It requires the devotion of the necessary time and effort. 3. It involves assuming the necessary risks. 4. The rewards of being an entrepreneur are independence, personal satisfaction, and monetary reward.For the person who actually starts his or her own business there is a high failure rate due to poor sales, intense competition, lack of capital or lack of managerial ability. THE ENTR EPRENEURIAL DECISION PROCESS (Deciding to become an entrepreneur by leaving present activity ) Many individuals have difficulty bringing their ideas to the market and creating new venture entrepreneurship and the actual entrepreneurial decisions have resulted in several million new businesses being started throughout the world.Although no one knows the exact number in the United States. Indeed, millions of ventures are formed despite recession, inflation, high interest rates, and lack of infrastructure, economic uncertainty and the high probability of failure The entrepreneurial decision process entails a movement from something to something— a movement from a present life style to forming a new enterprise. To leave a present live-style to create something new comes from a negative force–disruption. Many companies are formed by people who have retired, moved, or been fired.Another cause of disruption  © Copyright Virtual University of Pakistan 4 Entrepreneurship—MGT602 is completing an educational degree. The decision to start a new company occurs when an individual perceives that forming a new enterprise is both desirable and possible. VU KEY TERMS Breakthrough innovations A new product with some technological change Business ethics The study of behavior and morals in a business situation Desirability of new venture formation Aspects of a situation that make it desirable to start a new company.Entrepreneur Individual who takes risks and starts something new Entrepreneur as an innovator An individual developing something unique Entrep reneurial decision process Deciding to become an entrepreneur by leaving present activity Entrepreneurship Process of creating something new and assuming the risks and rewards  © Copyright Virtual University of Pakistan 5 Entrepreneurship—MGT602 THE NATURE AND IMPORTANCE OF ENTREPRENEURSHIP Lesson 02 VU LEARNING OBJECTIVES 1. To introduce the concept of entrepreneurship and its historical development. . To explain the entrepreneurial decision process. Desirability of New Venture Formation (Aspects of a situation that make it desirable to start a new company) The perception that starting a new company is desirable results from an individual’s culture, subculture, family, teachers and peers. American culture places a high value on being your own boss, being a success and making money therefore, it is not surprising to find a high rate of company formation in the United States.On the other hand in some countries making money is not as valued and failure may be a disgrac e. The rate of business formation in these countries is not as high. Many subcultures that shape value systems operate within a cultural framework. Studies indicate that a high percentage of founders of companies had fathers and/or mothers who valued independence. Encouragement to form a company is also gained from teachers, who can significantly influence individuals. An area having a strong educational base is also a requirement for entrepreneurial activity.Peers are important, also, as is an area with an entrepreneurial pool and peer-meeting place. Possibility of New Venture Formation (Factors making it possible to create a new venture) Although the desire of new venture formation derived from the individual’s culture, subculture, family, teachers and peers needs to be present before any action is taken, the second feature necessary centers around this question â€Å"What makes it possible to form a new company? † Formal education nd previous business experience giv e a potential entrepreneur the skills needed to form and manage a new enterprise. Although educational systems are important in providing the needed business knowledge, individual will tend to be more successful in forming in fields in which they have worked. The government also contributes by providing the infrastructure to help a new venture. The market must be large enough and the entrepreneur must have the marketing know-how to put together the entire package. Finally, financial resources must be readily available.Although most start-up money comes from personal savings, credit, and friends, but there is often a need for additional capital. Riskcapital availability plays an essential role in the development and growth of entrepreneurial activity.  © Copyright Virtual University of Pakistan 6 Entrepreneurship—MGT602 VU KEY TERMS Foundation companies A type of company formed from research and development that usually does not go public. Gazelles Very high growth ventures. Government as an innovator A government active in commercializing technology High-potential ventures.A venture that has high growth potential and therefore receives great investor interest Entrepreneurship Entrepreneurship within an existing business structure Iterative synthesis The intersection of knowledge and social need that starts the product development process Lifestyle firm A small venture that supports the owners and usually does not grow Ordinary innovation Z new product with little technological change Possibility of new venture formation Factors making it possible to create a new venture Copyright Virtual University of Pakistan 7 Entrepreneurship—MGT602 ENTREPRENEURIAL PROCESS/START UPS Lesson 03 LEARNING OBJECTIVES 1. To identify the basic types of start-up ventures. 2. To explain the role of entrepreneurship in economic development 3. To discuss the ethics and racial responsibility of TYPES OF START-UPS Life-Style Firms A life-style firm exists primarily to su pport the owners and usually has little growth opportunity.This type of firm may grow after several years to 30 or 40 employees. Foundation Companies VU A type of company formed from research and development that usually does not go public. This firm can grow in five to ten years from 40 to 400 employees. High-Potential Venture A venture has high growth potential and therefore receives great investor interest. The company may start out like a foundation company, but its growth is far more rapid. After five to ten years the company could employ around 500 employees.These firms are also called gazelles and are most important for the economic development of an area ROLE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT The role of entrepreneurship in economic development involves initiating change in the structure of business and society. One theory of economic growth depicts innovation as the key, not only in developing new products, but also in stimulating investment interest. The new capi tal created expands the capacity for growth (supply side), and new spending utilizes the new capacity and output (demand side. In spite of the importance of investment and innovation in the economic development of an area, there is still a lack of understanding of few factors which are as follows: †¢ The product-evolution process is the process through which innovation develops and commercializes through entrepreneurial activity, which in turn stimulates economic growth. It begins with knowledge in the base technology and ends with products or services available in the marketplace. †¢ The critical point in the process is the intersection of knowledge and a recognized social need, called the iterative synthesis.This point often fails to evolve into a marketable innovation. Most innovations introduced in the market are ordinary innovations, with little uniqueness. Technological innovations refer to new products with significant technological advancements. †¢ †¢ â⠂¬ ¢ Breakthrough innovations mean the development of new products with some technological change. Regardless of the level of uniqueness or technology, each innovation evolves into and develops towards commercialization through one of three mechanisms: the government, entrepreneurship, or entrepreneurship.Entrepreneurship has assisted in revitalizing areas of the  © Copyright Virtual University of Pakistan 8 Entrepreneurship—MGT602 VU inner city. Individuals in inner-city areas can relate to the concept and see it as a possibility for changing their present situation. GOVERNMENT AS AN INNOVATOR A government active in commercializing technology is known as an innovative government. Commercializing technology is frequently called technology transfer. However, few inventions resulting from government-sponsored research have reached the commercial market.Most of the by-products from scientific research have little application to any social need. The government lacks the busines s skills needed for successful commercialization. Government bureaucracy and red tape also often inhibit the timely formation of the business. Recently, federal labs have been required to commercialize some of their technology each year and some are providing entrepreneurial training Intrapreneurship Intrapreneurship refers to entrepreneurship within an existing organization or business structure. Existing businesses have the financial resources, business skills, and arketing and distribution system to commercialize innovation successfully. Often the bureaucratic structure, emphasis on short-term profits, and structured organization inhibit creativity. Some corporations have tried to establish an Entrepreneurial spirit in their organization, some in the form of strategic business units (SBUs. ) Intrapreneurship can also bridge the gap between science and the marketplace. It is the practice of using entrepreneurial skills without taking on the risks or accountability associated with entrepreneurial activities.It is practiced by employees within an established organization using a systemized business model. Employees, perhaps engaged in a special project within a larger firm are supposed to behave as entrepreneurs, even though they have the resources and capabilities of the larger firm to draw upon. Capturing the dynamic nature of entrepreneurial management (trying things until successful, learning from failures, attempting to conserve resources, etc. ) adds to the potential of otherwise static organizations without exposing those employees or self mployed people to the risks or accountability normally associated with entrepreneurial failure. Employee Intrapreneur An employee Intrapreneur is the person who focuses on innovation and creativity and who transforms a dream or an idea into a profitable venture, by operating within the organizational environment. Thus, Intrapreneurs are inside entrepreneurs who follow the goal of the organization. Employees, perhaps e ngaged in a special project within a larger firm are supposed to behave as entrepreneurs, even though they have the resources, capabilities and security of the larger firm to draw upon.Capturing a little of the dynamic nature of entrepreneurial management (trying things until successful, learning from failures, attempting to conserve resources, etc. ) adds to the potential of an otherwise static organizations without exposing those employees to the risks or accountability normally associated with entrepreneurial failure Entrepreneurship The third method for bridging the gap between the science and the marketplace is via  © Copyright Virtual University of Pakistan 9 Entrepreneurship—MGT602 VU entrepreneurship. Many entrepreneurs have difficult time bridging this gap and creating new ventures.They may often lack managerial skills, marketing capabilities, or financial resources. They frequently do not know how to interface with banks, suppliers, customers, and distributors. Ye t, entrepreneurship is the most effective method for bridging the gap and creating new enterprises, these activities affect an areas economy by building the economic base and providing jobs. ENTREPRENEURIAL CAREERS AND EDUCATION Since 1985 there has been an increased interest in entrepreneurial careers fostered by factors such as increased media coverage of entrepreneurs and employment shifts.A conceptual model for understanding entrepreneurial careers views the career stages as interacting with other stages and events in the individual’s life, the life-cycle approach. This approach conceptualizes entrepreneurial careers in nine categories. 1. Educational environment 2. The individual’s personality 3. Childhood family environment 4. Employment history 5. Adult development history 6. Adult family/non-work history 7. Current work situation 8. The individual’s current perspective 9.The current family situation Although there exist a common perception that entrepren eur are less educated than the general population however studies have found entrepreneurs overall and female entrepreneurs in particular, are far more educated than the general population. However, this education sometimes does not develop the specific skills needed in the venture, especially for women entrepreneurs. Childhood influences have been explored, particularly in terms of values and the individual’s personality . The traits most frequently researched are the need for achievement, locus of control, risk-taking, and gender identity.The research on the childhood family environment of the entrepreneur has had more definite results. Entrepreneurs tend to have self-employed fathers, and many also have entrepreneurial mothers. The family plays an important role in establishing the desirability of entrepreneurship as a career. Employment history also has an impact on entrepreneur careers in both positive and a negative sense. Entrepreneurs tend to have a higher probability of success when the venture created is in their field of experience. Negative displacement (such as dissatisfaction with various aspects of ones job) also encourages entrepreneurship.Although no definite research has been done on the adult development history of entrepreneurs, it appears to also affect entrepreneur’s careers. One’s development history has somewhat more of an impact on women, since they tend to start businesses at a later stage in life. There is a lack of data on adult family/non-work history and the available data adds little understanding towards entrepreneurial career development. Entrepreneurs are known for their strong work values, their long workdays, and their dominant management style. They tend to fall in love with the organization and will sacrifice almost Copyright Virtual University of Pakistan 10 Entrepreneurship—MGT602 VU anything in order for it to survive. While in college, few future entrepreneurs realize that they will pursue e ntrepreneurship as their major life goal. Relatively few individuals will start a business immediately after graduation. Entrepreneurship education is a fast growing area in colleges and universities. While the courses vary by university, there is a great commonality, especially in the initial few courses. The skills required by entrepreneurs can be classified in to three main areas: 1.Technical skills involve such things as writing, listening, oral presentations, coaching, and technical know-how. 2. Business management skills include those areas involved in starting, developing and managing any enterprise. 3. Personal entrepreneurial skills differentiate an entrepreneur from a manager and include inner control (discipline), risk taking, innovativeness, persistence, visionary leadership, and being change oriented. These skills and objectives form the basis of the modular approach to an entrepreneurship curriculum.Today entrepreneurs are recognizing the need to learn some of the scie nce of management in an MBA program in order to grow their businesses effectively in the global environment. ETHICS AND SOCIAL RESPONSIBILITY OF ENTREPRENEURS The entrepreneur must establish a balance between ethical exigencies, economic expediency, and social responsibility. A managers attitudes concerning corporate responsibility tend to be supportive of laws and professional codes of ethics. Entrepreneurs have few reference persons, role models, and developed internal ethics codes.Entrepreneurs are sensitive to peers pressure and social norms in the community as well as pressures from their companies. While ethics refers to the â€Å"study of whatever is right and good for humans,† business ethics concerns itself with the investigation of business practices in light of human values. The word â€Å"ethics† stems from the Greek ethos, meaning custom and usage. Development of Our Ethical Concepts Socrates, Plato, and Aristotle provide the earliest writings dealing with ethical conceptions; earlier writings involving moral codes can be found in both Judaism and Hinduism.American attitudes on ethics result from three principle influences: Judeo-Christian heritage, a belief in individualism and opportunities based on ability rather than social status. Research on business ethics can be broken down into four broad classifications: 1. Pedagogically-oriented inquiry 2. Theory-building without empirical testing 3. Empirical research, measuring the attitudes and ethical beliefs of students and academic faculty 4.Empirical research within business environments THE FUTURE OF ENTREPRENE URSHIP In spite of the differences in definition of entrepreneurship, there are common aspects such as risk taking, creativity, independence, and rewards. Entrepreneurship is currently being embraced by educational institutions, governments, societies, and corporations. Schools are increasing their emphasis on entrepreneurship in terms of courses and academic research. In Eu rope many universities have started programs in entrepreneurship. There has also been an increase in academic research, endowed chairs and centers of Copyright Virtual University of Pakistan 11 Entrepreneurship—MGT602 VU entrepreneurial activity. Governments have also promoted the growth of entrepreneurship. Individuals are encouraged to form new businesses and provided tax incentives, roads, and a communications system to facilitate this creative process. Some state governments are developing strategies for fostering entrepreneurial activity. The venture capital industry has benefited from lowering of capital gains tax rates and more relaxed rules regarding pension fund investment. Society’s support of entrepreneurship is critical in providing motivation and public support.The media has played a powerful role in developing public support. Media coverage uplifts the image of the entrepreneur and growth companies. Articles have appeared in newspapers such as New York Ti mes, The Wall Street Journal, and the Washington Post. Business magazines such as Barrons, Business Week, Forbes, and Fortune have provided coverage. Magazines such as Black Enterprise, Entrepreneur, Inc. , and Venture focus on issues of the entrepreneurial process. Television on both a national and local level has highlighted entrepreneurship. Large companies will continue to have a special interest in Entrepreneurship in the future.The largest 15 companies account for over 20 percent of the total U. S. research and development. Other companies will create more new businesses through Entrepreneurship. KEY TERMS Product-evolution process Process for developing and commercializing an innovation Risk taking Taking calculated chances in creating and running a venture. Technological innovation A new product with significant technological advancement Technology transfer Commercializing the technology in the laboratories into new products  © Copyright Virtual University of Pakistan 12 E ntrepreneurship—MGT602THE ENTREPRENEURIAL AND INTRAPRENEURIAL MIND LEARNING OBJECTIV ES 1. To explain the aspects of the entrepreneurial process. 2. To explain the differences between entrepreneurial and managerial domains. 3. To explain the organizational environment conducive for entrepreneurship. 4. To identify the general characteristics of an Entrepreneur. 5. To explain the process of establishing entrepreneurship in an organization. VU Lesson 04 ENTREPR E NEURIAL PROCESS The entrepreneurial process involves finding, evaluating, and developing an opportunity by overcoming the strong forces that resist the creation of something new.Phase 1: Identifying and Evaluating the Opportunity Most good business opportunities result from an entrepreneur being alert to possibilities. Some sources are often fruitful, including consumers and business associates. Channel members of the distribution system-retailers, wholesalers or manufacturer’s reps-are also helpful. Technically -oriented individuals often identify business opportunities when working on other projects. Each opportunity must be carefully screened and evaluated-this is the most critical element of the entrepreneurial process. . The evaluation process involves looking at b. The creation and length of the opportunity c. Its real and perceived value d. Its risks and return. e. It’s fit with the skills and goals of the entrepreneur f. Its differential advantage in its competitive environment It is important to understand the cause of the opportunity, as the resulting opportunity may have a different market size and time dimension. The market size and the length of the window of opportunity are the primarily bases for determining risks and rewards.The risks reflect the market, competition, technology, and amount of capital involved. The amount of capital forms the basis for the return and rewards. The return and reward of the present opportunity needs to be viewed in light of any possible s ubsequent opportunities as well. The opportunity must fit the personal skills and goals of the entrepreneur. The entrepreneur must be able to put forth the necessary time and effort required for the venture to succeed. One must believe in the opportunity enough to make the necessary sacrifices.Opportunity analysis, or an opportunity assessment plan, should focus on the opportunity and provide the basis to make the decision, including: a. A description of the product or service b. An assessment of the opportunity c. Assessment of the entrepreneur and the team d. Specifications of all the activities and resources needed e. The source of capital to finance the initial venture The most difficult aspect of opportunity analysis is the assessment of the opportunity. Phase 2: Develop a Business Plan A good business plan must be developed in order to exploit the opportunity defined.A good business plan is important in developing the opportunity and in determining the resources required, obta ining those resources and successfully managing the venture.  © Copyright Virtual University of Pakistan 13 Entrepreneurship—MGT602 VU Phase 3: Determine the Resources Required. Assessing the resources needed starts with an appraisal of the entrepreneur’s present resources. Any resources that are critical must be distinguished from those that are just helpful. Care must be taken not to underestimate the amount and variety of resources needed. Acquiring needed resources, while giving up as little control as possible, is difficult.The entrepreneur should try to maintain as large an ownership position as possible, particularly in the start-up stage. As the business develops, more funds will probably be needed, requiring more ownership be relinquished. Alternative resource suppliers should be identified, along with their needs and desires, in order to structure a deal with the lowest cost and loss of control. Phase 4: Manage the Enterprise. The entrepreneur must employ t hese resources through implementation of the business plan. This involves implementing a management structure, as well as identifying a control system.KEY TERMS Administrative domain The ways managers make decisions Business plan The description of the future direction of the business Corporate culture The environment of a particular organization Entrepreneurial domain The ways entrepreneurs make decisions Entrepreneurial process The process through which a new venture is created by an entrepreneur Entrepreneurial culture The environment of an entrepreneurial-oriented organization Entrepreneurship Entrepreneurship within an existing business organization Opportunity identification The process by which an entrepreneur comes up with the opportunity for a new venture Opportunity parameters Barriers to new product creation and development Top management commitment Managers in an organization strongly supporting entrepreneurship Traditional managers Managers in a non-entrepreneurial-orie nted organization Window of opportunity The time period available for creating the new venture  © Copyright Virtual University of Pakistan 14 Entrepreneurship—MGT602 VUTHE ENTREPRENEURIAL AND INTRAPRENEURIAL MIND (continued†¦) Lesson 05 LEARNING OBJECTIVES 1. To explain the aspects of the entrepreneurial process. 2. To explain the differences between entrepreneurial and managerial domains. 3. To explain the organizational environment conducive for entrepreneurship. 4. To identify the general characteristics of an entrepreneur. 5. To explain the process of establishing entrepreneurship in an organization. MANAGERIAL VERSUS ENTREPRENEURIAL DECISION MAKING The difference between the entrepreneurial and managerial styles involves five business dimensions. Strategic Orientation The entrepreneur’s strategic orientation depends on his or her perception of the opportunity.This orientation is most important when other opportunities have diminishing returns accompanied by rapid changes in technology, consumer economies, social values or political rules. When the use of planning systems is the strategic orientation, there is more pressure for the administrative domain to be operant. Commitment to Opportunity The entrepreneurial domainis pressured by the need for action and has a short time span in terms of opportunity commitment. The administrative domain (the ways mangers make decisions) is not only slow to act on an opportunity, but the commitment is usually for a longer time span. Commitment of Resources An entrepreneur is used to having resources committed at periodic intervals, often based on certain tasks or objectives being reached.In acquiring these resources the entrepreneur is forced to achieve significant milestones using very few resources. In the administrative domain, the commitment of resources is for the total amount needed. Administrative-oriented individuals receive personal rewards by effectively administering the resources under t heir control. Control of Resources The administrator is rewarded by effective resource administration and has a drive to own or accumulate as many resources as possible. The entrepreneur, under pressure of limited resources, strives to rent resources on an as-needed basis. Managerial Structure In the administrative domain, the organizational structure is formalized and hierarchical in nature.The entrepreneur employs a flat organizational structure with informal networks. CAUSES FOR RECENT INTEREST IN INTRAPRENEURSHIP  © Copyright Virtual University of Pakistan 15 Entrepreneurship—MGT602 VU Interest in intrapreneurship has resulted from events occurring on social, cultural, and business levels. There is an increasing interest in â€Å"doing your own thing. † Individuals frequently desire to create something of their own. They want responsibility and want more freedom in their organizations. Frustration can develop and result in the employee becoming less productive or leaving the organization. This has recently caused more discontent in structured organizations.When meaning is not provided within the organization, individuals often search for an institution, such as entrepreneurship, that will provide it. Intrapreneurship is one method for stimulating and capitalizing on those who think that something can be done differently and better, such as Xerox Corporation’s commitment to Xerox Technology Ventures. It is important to instill the intrapreneurial spirit in an organization in order to innovate and grow. In a large organization problems occur that thwart creativity and innovation. This growth and diversity that can result are critical, since large corporations are more efficient in a competitive market than are smaller firms.The resistance against flexibility, growth, and diversification can be overcome by developing a spirit of entrepreneurship, called Intrapreneurship, within the existing organization. There are social, cultural, and business pressures for Entrepreneurship. Hyper competition has forced U. S. companies to focus on new product development and increased productivity. Reductions in large corporation’s staff are being absorbed in the workforce, particularly in small businesses. Entrepreneurial endeavors consist of four key elements. 1. New business venturing refers to the creation of new business within an existing organization. 2. Organizational innovativeness refers to product and service innovation with an emphasis on development and innovation in technology. 3.Self-renewal reflects the transformation of organizations through the renewal of the key ideas on which they are built. 4. Proactiveness includes initiative and risk taking, as well as competitive aggressiveness KEY TERMS Administrative domain The ways managers make decisions Business plan The description of the future direction of the business Corporate culture The environment of a particular organization Entrepreneurial domain The ways entrepreneurs make decisions Entrepreneurial process The process through which a new venture is created by an entrepreneur Entrepreneurial culture The environment of an entrepreneurial-oriented organization Entrepreneurship  © Copyright Virtual University of Pakistan 16 Entrepreneurship—MGT602Entrepreneurship within an existing business organization Opportunity identification The process by which an entrepreneur comes up with the opportunity for a new venture Opportunity parameters Barriers to new product creation and development Top management commitment Managers in an organization strongly supporting Entrepreneurship Traditional managers Managers in a non-entrepreneurial-oriented organization Window of opportunity The time period available for creating the new venture VU  © Copyright Virtual University of Pakistan 17 Entrepreneurship—MGT602 VU THE ENTREPRENEURIAL AND INTRAPRENEURIAL MIND (continued†¦) Lesson 06 LEARNING OBJECTIVES 1. 2. 3. 4. 5. To expl ain the aspects of the entrepreneurial process. To explain the differences between entrepreneurial and managerial domains. To explain the organizational environment conducive for entrepreneurship. To identify the general characteristics of an entrepreneur. To explain the process of establishing entrepreneurship in an organization.CORPORATE VERSUS INTRAPRENEURIAL CULTURE Smaller, aggressive, entrepreneurial firms are developing more new products and becoming dominant in certain markets. Many companies are attempting to create the same spirit, culture, and rewards of entrepreneurship in their organizations. The typical corporate culture has a climate and reward system that favors conservative decision making. Emphasis is on gathering large amounts of data as the basis for a rational decision. Risky decisions are often postponed until hard facts are gathered or a consultant is hired. Often there are so many approvals required that no individual feels personally responsible for the proj ect. The guiding principles in a traditional corporate culture are: 1. 2. 3. 4. 5. 6.Follow instructions given Do not make mistakes Do not fail Do not take initiative Stay within your turf and protect your backside This restrictive environment is not conducive to creativity, flexibility, and risk taking The guiding principles of intrapreneurs Aspects of an Entrepreneurial culture are quite different: 1. 2. 3. 4. 5. Develop visions, goals, and action plans Be rewarded for actions taken Suggest, try, and experiment Create and develop Take responsibility and ownership There are differences in the norms of the two cultures. The traditional culture is hierarchical in nature, with established procedures, lines of authority, and control mechanisms. These support the present corporate culture, and do not encourage new venture creation.The culture of an intrapreneurial firm has a flat organizational structure with networking, teamwork, sponsors, and mentors. Close working relationships help establish an atmosphere or trust that facilitates accomplishment of visions. Individuals make suggestions across functional areas, resulting in cross-fertilization of ideas. The two cultures produce different types of individuals and management styles.  © Copyright Virtual University of Pakistan 18 Entrepreneurship—MGT602 VU Motivation Traditional managers are motivated primarily by promotion and typical corporate rewards. Entrepreneurs and intrapreneurs thrive on independence and the ability to create.Intrapreneurs expect their performance to be suitably rewarded. There are also time orientation differences. Managers emphasize the short run, entrepreneurs the long run, and intrapreneurs somewhere in between. Intrapreneurs use a midpoint mode between delegation of managers and direct involvement of entrepreneurs. Entrepreneurs and intrapreneurs are moderate risk takers; managers are much more cautious. Most entrepreneurs fail at least once, and Intrapreneurs learn to concea l risky projects from management until the last possible moment. Traditional managers tend to be most concerned about those at higher levels, entrepreneurs serve self and customers, and intrapreneurs add sponsors.CLIMATE FOR INTRAPRENEURSHIP In establishing an Intrapreneurial environment, certain factors and leadership characteristics need to be present. The first of these is that the organization operates on the frontiers of technology. Since research and development are key sources for new product ideas, the firm must operate on the cutting edge of technology and encourage and supporting new ideas instead of discouraging them. Second is experimentation, or trial and error, is encouraged. Successful new products usually do not appear fully developed; instead they evolve. A company wanting to establish an intrapreneurial spirit has to establish an environment that allows mistakes and failures.Without the opportunity to fail, few corporate intrapreneurial ventures will be developed. Third an organization should make sure that there are no initial opportunity parameters, such as turf protection, inhibiting creativity in new product development. Fourth, the resources of the firm need to be available and easily accessible. Often, insufficient funds are allocated not to creating something new but instead to solving a problem that have an immediate effect on the bottom line. Some companies, such as Xerox, 3M, and AT&T have established separate venture capital areas for funding new internal ventures. Fifth a multidisciplinary team approach needs to be encouraged.One key to Intrapreneurial success is the existence of â€Å"skunkworks† involving key people. Developing the needed team work for a new venture is further complicated by the fact that a team member’s promotion within the corporation is related to performance in the current position, not in the new venture. The corporate environment must establish a long time horizon for evaluating the success o f the overall program. Sixth the spirit of intrapreneurship cannot be forced on individuals; it must be voluntary. Most managers in a corporation are not capable of being successful intrapreneurs. Those who do emerge from this self selection process must be allowed the latitude to carry a project through to completion.An intrapreneur falls in love with the new venture and will do almost anything to ensure its success. The seventh characteristic is a reward system. The intrapreneur needs to be appropriately rewarded for the energy and effort expended on the new venture. An equity position in the new venture is one of the best motivational methods. Eight a corporate environment favorable for intrapreneurship has sponsors and champions throughout the organization that supports the creative activity and resulting failures. Finally the intrapreneurial activity must be whole-heartedly supported by top management.  © Copyright Virtual University of Pakistan 19 Entrepreneurship—MGT 602 VUTHE ENTREPRENEURIAL AND INTRAPRENEURIAL MIND (continued†¦) Lesson 07 LEARNING OBJECTIVES 1. 2. 3. 4. 5. To explain the aspects of the entrepreneurial process. To explain the differences between entrepreneurial and managerial domains. To explain the organizational environment conducive for entrepreneurship. To identify the general characteristics of an Entrepreneur. To explain the process of establishing entrepreneurship in an organization. INTRAPRENEURIAL LEADERSHIP CHARACTERISTICS There are certain individual characteristics needed for a person to be successful Entrepreneurs, including: 1. Understanding the environment 2. Being visionary and flexible 3. Creating management options 4.Encourage teamwork while employing a multi-disciplined approach 5. Encouraging open discussion 6. Building a coalition of supporters, and persisting An Entrepreneur needs to understand all aspects of the environment. Part of this ability is reflected in individual’s level of creativity . Creativity tends to decrease with age and education. The individual must be creative and have a broad understanding of the internal and external environments of the corporation. The intrapreneurial person must be a visionary leader-a person who dreams great dreams. Leadership is the ability to dream great things and communicate them in a way that people say yes to being a part of the dream.To establish a successful new venture, the intrapreneurial leader must have a dream and overcome all obstacles to achieve it. The third necessary characteristic is that the intrapreneur must be flexible and create management options. An intrapreneur is open to and encourages change. By challenging the beliefs and assumptions of the corporation, an intrapreneur can create something new in the organization structure. He or she must possess the ability to encourage teamwork and use a multi-disciplined approach. Every new company formation requires a broad range of business skills. The intrapreneur must be a good diplomat to minimize disruption. Open discussion must be encouraged to develop a good team for creating something new.Many corporate managers have forgotten that frank, open discussion is part of the learning process. A successful venture can be formed only when the team feels the freedom to disagree and to critique an idea. The degree of openness among the team depends on the degree of openness of the intrapreneur. Openness leads to a strong coalition of supporters and encouragers. The intrapreneur must encourage each team member, particularly during hard times. A good intrapreneur makes everyone a hero. Only through persistence will a new venture be created and successful commercialization result. ESTABLISHING INTRAPRENEURSHIP IN THE ORGANIZATION To establish an intrapreneurial environment, the organization must implement a procedure.This can be done internally, but it is easier to use an outsider to facilitate the process. This is particularly true when the environ ment is very traditional. There are some steps involved in it. Step 1: The first step is to secure a commitment to intrapreneurship in the organization by top, upper, and middle management. Without top management commitment, the organization will never be able to make the necessary changes. Once top management has committed to intrapreneurship for a sufficient length of time, the concept is introduced throughout the organization. This is effectively accomplished through seminars. General guidelines need to be  © Copyright Virtual University of Pakistan 20 Entrepreneurship—MGT602 VU stablished for intrapreneurial venture development. Next, intrapreneurial leaders need to be identified, selected, and trained. Step 2: Ideas and general interest areas should be identified, along with the amount of risk money that is available. The overall expectations and target results should be established, specifying time frame, profitability requirements, and impact of the organization. A m entor/sponsor system needs to be established. Step 3: A company needs to use technology to make itself faster and more flexible. Technology has allowed small companies to act like they are big ones. Large companies can use technology to make them responsive and flexible.Step 4: The organization can use a group of managers to train and share their experiences with other members. These sessions should be conducted one day per month for a specified period of time. Information about intrapreneurship and about the company’s specific activities should be well publicized. Step 5: The organization needs to develop ways to get closer to its customers by tapping the data base, hiring from smaller rivals, and helping the retailer. Step 6: An organization must learn to be more productive with fewer resources. With middle management cutbacks, more control has been given to lower levels of the organization. The span of control should be increased. Step 7: The organization needs to establis h a strong support structure.Because they do not immediately affect the bottom line, intrapreneurial activities can be overlooked and receive little funding. These ventures require flexible, innovative behavior, with the intrapreneurs having total authority over expenditures and access to funds. Step 8: The support must involve trying the rewards to the performance of the intrapreneurial unit. This encourages team members to work harder and compete more effectively. The equity portion of the compensation is particularly difficult to handle. Step 9: The organization needs to implement an evaluation system that allows successful units to expand and unsuccessful ones to be eliminated.PROBLEMS AND SUCCESSFUL EFFORTS Intrapreneurship, also called corporate venturing, is not without problems. One study found that new ventures started within a corporation performed worse than those started independently. Independent start-ups tend to outperform corporate start-ups. There are many examples of companies that have successfully implemented intrapreneurship. 3M allows employees to devote 15 percent of their time to independent projects. After failing to recognize the potential of Wozniak’s personal computer, Hewlett-Packard has taken steps to take advantage of future opportunities. Even IBM has developed the independent business unit concept. The problems of ntrapreneurship are not insurmountable, and the concept can lead to new products, growth and the development of an entirely new corporate environment and culture.  © Copyright Virtual University of Pakistan 21 Entrepreneurship—MGT602 THE INDIVIDUAL ENTREPRENEUR Lesson 08 LEARNING OBJECTIV ES 1. To identify some key entrepreneurial feelings and motivations. 2. To identify key elements in an entrepreneur’s background. 3. To discuss the importance of role models and support systems. 4. To identify the similarities and differences between male and female entrepreneurs. 5. To explain the differences between inventors and entrepreneurs. VU ENTREPR E NEURIAL FEELINGS There is no â€Å"true entrepreneurial profile†- entrepreneurs come from many educational backgrounds, family situations, and work experiences.A potential entrepreneur may presently be a nurse, secretary, assembly line worker, sales person, mechanic, home maker, manager or engineer. A potential entrepreneur can be male or female and of any race or nationality. Locus of Control One concern people have when forming is whether they will be able to sustain the drive and energy required to form something new and to manage the new enterprise and make it grow. While research results are inconsistent, internal control seems to be a characteristic of entrepreneurs. Internal beliefs appear to differentiate entrepreneurs from the general public, but not from managers. Managers and entrepreneurs both have an internality tendency. Feelings about Independence and Need for Achievement.The entrepreneur also has the need for i ndependence, to do things in his or her own way and time. Another controversial characteristic is the entrepreneur’s need for achievement. McClelland specified three attributes as characteristics of entrepreneurs: 1. Individual responsibility for solving problems and setting and achieving goals. 2. Moderate risk taking as a function of skill. 3. Knowledge of results of decision/task accomplishment. McClelland concluded that a high need for achievement leads individuals to engage in entrepreneurial behavior, although other studies have been inconsistent. Risk Taking Risk taking seems a part of the entrepreneurial process.However, it has not yet been empirically established whether risk-taking is a distinguishing characteristics of entrepreneurs. ENTREPR E NEURIAL BACKGRO UND AND CHARACT E RIST ICS Only a few background characteristics have differentiated the entrepreneur from the general populace or managers. Childhood Family Environment The impact of birth order and social st atus has had conflicting research results. There is strong evidence that entrepreneurs, both male and female, tend to have self-employed or entrepreneurial fathers. Having a father who is self-employed provides a strong inspiration in the example of independence and flexibility of self-employment.This feeling of independence is often further enforced by an entrepreneurial mother. The overall parental  © Copyright Virtual University of Pakistan 22 Entrepreneurship—MGT602 VU relationship may be the most important aspect of the childhood environment in establishing the desirability of entrepreneurial activity. Parents of entrepreneurs need to be supportive and encourage independence, achievement, and responsibility. This supportive relationship appears to be most important for females. Female entrepreneurs tend to grow up in middle- to upper-class environments, where families are child-centered, and are similar to their fathers in personality.KEY TERMS Departure points The act ivities occurring when the venture is started Inventor An individual who creates something new Locus of control An attribute indicating the sense of control that a person has over life Moral-support network Individuals who give psychological support to an entrepreneur Entrepreneurship – MGT602 VU  © Copyright Virtual University of Pakistan 23 Entrepreneurship—MGT602 VU THE INDIVIDUAL ENTREPRENEUR (continued†¦) Lesson 09 LEARNING OBJECTIVES 1. To identify some key entrepreneurial feelings and motivations. 2. To identify key elements in an entrepreneur’s background. 3. To discuss the importance of role models and support systems. 4. To identify the similarities and differences between male and female entrepreneurs. 5. To explain the differences between inventors and entrepreneurs.ENTREPRENEURIAL BACKGROUND AND CHARACTERISTICS Education Education appears important in the upbringing of the entrepreneur, in the level of education obtained and in playing a majo r role in coping with problems. Although formal education is not necessary for starting a new business, it does provide a good background. In education, female entrepreneurs previously experienced some disadvantage, with few having degrees in engineering, science, or math. The ability to deal with people and communicate clearly in written and spoken work is also important. Personal Values Studies have failed to indicate that entrepreneurs can be differentiated on personal valued from managers, unsuccessful entrepreneurs, or the general public. Leadership, support, aggression, benevolence, conformity, creativity, veracity, and resource seeking may also be important.A successful entrepreneur is frequently characterized as a winner; winning may be a prerequisite for his or her actually becoming one. Age Entrepreneurial age is the age of the entrepreneur reflected in the experience. Entrepreneurial experience is one of the best predictors of success. In chronological age, most entrepren eurs start their careers between ages 22 and 55. Earlier starts in an entrepreneurial career seem to be better than later ones. Generally, male entrepreneurs start their first venture in their early 30s, while women tend to do so in their middle 30s. Work History Dissatisfaction with one’s job often motivates the launching of a new venture. Previous technical and industry experience is also important once the decision to start a business is made.Experience in the following areas is particularly important: financing; product or service development; manufacturing; development of distribution channels; and preparation of a marketing plan. As the venture becomes established, managerial experience and skills become more important. Entrepreneurial experience becomes increasingly important as the complexity of the venture increases. MOTIVATION While motivations may vary, the reason cited most often for becoming an entrepreneur independence-not wants to work for anyone else. Other mo tivating factors differ between male and female entrepreneurs. Money is the second reason for men’s starting a venture. Job satisfaction, achievement, opportunity, and money are the second order reasons for women.  © Copyright Virtual University of Pakistan 24 Entrepreneurship—MGT602 VUKEY TERMS Motivations That causes people to do something Need for achievement An individual’s need to be recognized Need for independence. Being one’s own boss-one of the strongest needs of an entrepreneur Professional-support network Individuals who help the entrepreneur in business activities Role models Individuals influencing an entrepreneur’s career choice and style Social status The level at which an individual in viewed by society Work history The past work experiences of an individual  © Copyright Virtual University of Pakistan 25 Entrepreneurship—MGT602 VU THE INDIVIDUAL ENTREPRENEUR (continued†¦) Lesson 10 LEARNING OBJECTIVES 1. To identify some key entrepreneurial feelings and motivations. 2.To identify key elements in an entrepreneur’s background. 3. To discuss the importance of role models and support systems. 4. To identify the similarities and differences between male and female entrepreneurs. 5. To explain the differences between inventors and entrepreneurs. ROLE MODELS AND SUPPORT SYSTEMS One of the most important factors influencing entrepreneurs in their career choice is role models. Role models can be parents, relatives, or successful entrepreneurs in the community. Role models can also serve in a supportive capacity as mentors during and after the new venture is launched. This support system is most crucial during the start-up phase.It is important that an entrepreneur establish connections to support resources early in the venture formation process. As contacts expand they form a network with density (extensiveness of ties between two individuals) and centrality (the total distance of the entrepreneu r to all other individuals. ) The strength of ties between the entrepreneur and any individual is dependent on the frequency, level, and reciprocity of the relationship. An informal network for moral and professional support benefits the entrepreneur. Moral-Support Network It is important for the entrepreneur to establish a moral support network of family and friends. Most entrepreneurs indicate that their spouses are their biggest supporters.Friends can provide advice that is more honest than that received from others, plus encouragement, understanding, and assistance. Relatives can also be sources of moral support, particularly if they are also entrepreneurs. Professional-Support Network The entrepreneur also needs advice and counsel, which can be obtained from members of a professional support network. A mentor-protege relationship is an excellent way to secure the needed professional advice. The mentor is a coach, sounding board, and advocate. The individual selected needs to be an expert in the field. An entrepreneur can initiate the â€Å"mentor-finding process† by identifying and contacting a number of experts.The mentor should be periodically apprised of the progress of the business so that a relationship can gradually develop. Another source of advice is a network of business associates. Self-employed individuals who have experience in starting a business are good sources. Clients and buyers are also important as they provide word-of-mouth advertising. Suppliers are good components of the professional-support network-they help to establish credibility with creditors and customers, and provide good information on trends in the industry. Trade associations are good network additions, as they keep up with new developments and can provide overall industry data. Affiliations ith individuals developed in hobbies, sporting events, civic involvements and school alumni groups are excellent sources of referrals, advice, and information. Each entrepreneur needs to establish both a moral- and a professional-support network to share problems with and gain overall support. MALE VERSUS FEMALE ENTREPRENEURS Women are now starting new ventures at three times the rate of men. Women form over 70  © Copyright Virtual University of Pakistan 26 Entrepreneurship—MGT602 VU percent of all new businesses. Women now own over 8. 5 million small businesses, an increase of over 45 percent since 1990. In some respects female entrepreneurs possess very different motivations, business skills, and occupational backgrounds.Factors in the start-up process for male and female entrepreneurs are different, especially in such areas as support systems, sources of funds, and problems. Men are motivated by the drive to control their own destinies. Women tend to be more motivated by the need for achievement arising from job frustration. Departure points and reasons for starting the business are similar for both men and women. Both generally have a strong i nterest and experience in the area of their venture. For men, the transition to a new venture is easier when the venture is an outgrowth of a present job. Women often leave a previous occupation with a high level of frustration and enthusiasm for the new venture rather than experience.Start-Up Financing Males often have investors, bank loans, or personal loans in addition to personal funds as sources of startup capital. Women usually rely solely on personal assets or savings. Obtaining financing and lines of credit are major problems for women. Occupations Both groups tend to have experience in the field of their ventures. Men more often have experience in manufacturing, finance, or technical areas. Most women usually have administrative experience, often in service-related fields. Personality Both men and women tend to be energetic, goal-oriented, and independent. Men are often more confident and less flexible and tolerant than women. Backgrounds The backgrounds of male and female entrepreneurs tend to be similar.Women are little older when they embark on their careers. Men often have studied in technical- or business-related areas, while women tend to have liberal arts education. Many women busi