International markets small business in USA Essay Example for Free

International markets small business in USA Essay International markets small business in USA Introduction   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Venture capitalists invest massive of money to companies that want to expand but have no enough access to public funds. They are willing to invest in such companies because they earn massive benefit when the company succeeds. Consequently, venture capitalists look for firms with strong management staff, large markets and unique goods with high competitive advantage (Gladstone Gladstone 2004). They are driven by the desire to own a large portion of the company so that they can influence its direction.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   International markets are complex due to their vast geographical coverage in the worlds rapidly changing and growing nations. The basics for international markers ranging from diverse culture and languages, handling issues related to business ethics, selection of distribution and global marketing channels and international communication. They are the key issues that guide the operationality of worldwide markets (Omar, Abduh, Sukmana, 2013)   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   This situation represent personal and professional dilemma where by the personal and professional interests that are simultaneously conflicting. I will use the principles of ethical decision making process seek supervision self mirror image and illumination of the process will also consider legal obligation that supersedes my professional and personal ethics (Wueste,1994). I will talk both the boss and supervisor to examine their feeling about my situation as that pertain my professional ethics.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The small businesses are important in US economy in many aspects. They employ many people, actually about the half of the total workforce in there a key in driving the economy as opposed to giant multi-billion dollar companies (White House Committee on Small Business, 1962).They are instrumental in stabilizing forces in the economy .the owners are backbone for creativity innovation production and value creation in United States. The small business is actually what stimulates the economy. References Gladstone, D., Gladstone, L. (2004). Venture capital investing: The complete handbook for investing in private businesses for outstanding profits. Upper Saddle River, NJ: Prentice Hall/Financial Times Omar, A., Abduh, M., Sukmana, R. (2013). Fundamentals of Islamic money and capital markets. Singapore: John Wiley White House Committee on Small Business (U.S.). (1962). Small business in the American economy: Its contributions and its problems [and] the role of the Federal Government. Washington. Wueste, D. E. (1994). Professional ethics and social responsibility. Lanham, Md: Rowman and Littlefield. Source document

The History And Background Of Ethical Egoism

The History And Background Of Ethical Egoism Introduction Ethics, in Greek language means morals. In fact, ethics is de ¬Ã‚ ned as the re ¬Ã¢â‚¬Å¡ection on what is moral Ethical theories deal with the question of how human beings ought to behave in relation to one another. (Dontigney, 2012 They attempt to systemize, defend and recommend concepts of right and wrong behaviour. They can be applied both individually and on a bigger scale like in companies. Different companies make their decisions based on various sets of theories. These theories are more like viewpoints from which guides them when making a decision. Each theory influences decisions made by an individual or company like predicting an outcome or following duties to reach what is called an ethically correct decision.For a company to zero in on a single theory to follow, it is important for the company to realize that not everyone makes decisions in the same way. There are mainly two different sets of ethical theories. Teleological which are consequential theories and deontological which are non-consequential theories. These can be further broken down into ethical egoism, utilitarianism and virtue ethics for teleological theories and for deontological theories; it would consist of Kantian and justice ethics. Let us take a detailed look into all these theories before making a statement on which theory is the most useful in making company decisions. Teleological Theories The word teleology in Greek language means ends. It is more concerned about the end product of a decision made rather than the actions.The goodness or badness of the outcome makes or breaks the decision made. However, the actions undertaken have no say. An example according to this theory can be, killing a bad person is morally correct if it is for the greater good. Ethical Egoism Ethical egoism is a standardized or an accepted philosophical view. It differs from psychological egoism, which claims that people can only act in their self-interest. It does not describe how people behave but how they are supposed to behave. Ethical egoism is the normative theory whereby people ought to act exclusively in their self-interest (Jones et al., 2007). Therefore, the moral principle of ethical egoism suggests that an act is ethical when it promotes the individuals long-term interest. It is possible for people to help others, follow the rules of society, and even grant gifts if they believe that those actions are in their own best interest. Ethical egoism is different from the other ethical positions as it portrays that other peoples interests is or should never be considered in making a moral decision. An ethical egoist believes sacrificing something for others is not a moral action unless it makes them happy or if the sacrifice gives himself benefits. This could satisfy a person in the short term, but in the long run it is not advisable as if everyone is just as egoistic, nobody would want to help when in times of need. An example would be that this individual who loves to shop. She sees this dress in a shop and wants to buy. However, she only has enough money to buy food for her household. So in an act of ethical egoism, she decides to spend the food money on the dress instead of getting food for her family as it benefits her and does not care about the people at home who have not had their food. Utilitarianism A utilitarian considers doing something is right if the action proves useful in bringing about the best consequences in the end. Utilitarian decision makers are required to estimate the effect of each alternative on all parties concerned, and to select the one that optimizes the satisfaction of the greatest number (Velasquez, 1998). Utilitarianism represents the dominant and most influential consequence based or teleological theory. Utilitarianism focuses on ends and not on the means required to achieving those ends and it takes into account all present and future benefits and harms that accrues or might accrue to anyone who is affected by the action, including items that may be difficult to evaluate accurately (Schumann, 2001). So in this theory, it is clear that as long as the work is done or the outcome of an action is desirable, one can undertake any methods. The flaw of this method is that it does not assume that all individuals should be treated in the same way. An real life ex ample would be the Americans bombings in Japan during World War 2. The Americans point is that the Japanese were developing the same kind of weapon to wage war so if that happened, many other countries could be affected. So before such a disaster could happen, they acted early and dropped a bomb of their own, killing thousands rather than sacrificing millions. Virtue Ethics The general concept behind Virtue Ethics is that it focuses on what the individual should choose for his/her own personal inward behaviour or character rather than the individual relying solely on the external laws and customs of the persons culture, and if a persons character is good then so ought the persons choices and actions be good. (Gowdy, 2010) This theory as it suggests, is used to make moral decisions. This method is based on the person having moral character and intentions, and their actions being ethical on that basis. It relies on an individual and not on other factors such as religion, society or culture. It is based on the question what sort of person should I be rather than what should I do. In simple terms, it is more of ones character and integrity. Its about what you are, rather than what you do. This is more of a practice knowledge. The more you practice, the more virtuous you are. The more virtuous you are, the more you will more likely make moral decisions. Ther e are many examples to this theory like, not stealing, not taking medical leave unless you are legitimately sick, showing up to meetings or work on time and not lying unless it is for a good cause. Deontological Theories Deontological theories, or duty-based theories, hold that human beings have a moral obligation to follow certain principles. Deontology is one of those kinds of normative theories regarding which choices are morally required, forbidden, or permitted. (Alexander et, al, 2008) According to these theories, the rightness or wrongness of actions does not depend on their consequences but on whether they fulfil our duty. Justice Ethics According to Rawls (1971), under a veil of ignorance, rational, self-interested, and equal individuals will agree that each person is to have an equal right to the most extensive total system of equal basic liberties. Moreover, social and economic inequalities are to be arranged so that they are both to the greatest benefit of the least advantaged, and attached to offices and positions open to all under conditions of fair equality of opportunity (Budd, 2004). In Rawlss opinion, the first virtue of social institutions is justice for the individual and not aggregate welfare. He is concerned more with how the pie is divided than with how large it is. Inequalities are just only if they result in benefits for everyone, with particular emphasis on the least advantaged (Jones, 2007). The theory of justice requires decision makers to be guided by equity, fairness, and impartiality (Cavanagh et al., 1981). It relies on three types of moral prescriptions: (a) that individuals who are similar i n a relevant respect should be treated similarly and individuals who are different in a relevant respect should be treated differently in proportion to the difference between them; (b) that rules should be administrated fairly and clearly; and (c) that individuals should not be held responsible for matters over which they have no control, and should be compensated for the cost of their injuries by those responsible for these injuries (Cavanaugh et al., 1981). Decision making and reasoning based on the theory of justice focus on the distributional effect of actions (Cavanagh et al., 1981). Statement and Conclusion Now since all the theories have been explained and analysed, it is time to make a statement on which ethical theory is the most useful in guiding company decisions and why so. Based on my research, I feel that utilitarianism is the most useful and quite important in guiding company decision making. One can argue that utilitarianism does not please everyone emotionally and only takes the big picture into account. An act or choice is morally right if, in carrying out the act, one exercises, exhibits or develops a morally virtuous character. It is morally wrong to the extent that by making the choice or doing the act one exercises, exhibits or develops a morally vicious character. (Garrett, 2005) Every theory has its very own pros and cons. But for a company to make the correct decision in moving forward, they have to be utilitarian. In these times, a company is judged on how much profits they make and what is the position of the company. To be the best, you cannot give in to your emoti ons and set of rules of what to do and what not to do. The main aim here is to reap the sows. Business managers have to realise that when it comes to business decisions, its always a win-lose situation. Like for example, in order for gaining market share, a company must make its competitors to lose their shares. One cannot refuse to do such an act saying that it is morally wrong and giving in to their emotions. Another example would be increasing the value of a long term shareholder may require sacrificing of short term profits such as bonuses or monetary rewards to a companys employees or even the employer himself. But in the long term, there would be much more profits and monetary rewards to share. Lastly, I feel that the utilitarian approach is the best as a utilitarian is much more flexible in responding to different situations. A utilitarian only has two mind-sets varying from short term to long term goals or financial to non-financial goals. So when faced with a problem, a uti litarian will weigh up options and consider the corporate profitability instead of other factors such as employees or the community. Virtue Ethics A Basic Introductory Essay, by Dr. Garrett Latest minor modification November 28, 2005 Garrett, 2005 http://www.ethicsmorals.com/ethicsvirtue.html http://www.ehow.com/info_8404891_pros-cons-ethical-theories.html Alexander, Larry and Moore, Michael, Deontological Ethics, The Stanford Encyclopedia of Philosophy (Fall 2008 Edition), Edward N. Zalta (ed.), URL = .

Essays --

Introduction From any corner in the world you will be surrounded by propaganda: in the streets, in your house, even when you’re driving. Propaganda appears in many forms but I personally believe it to be the shaping of public beliefs, in which communication is used with the intention of manipulating. In short, propaganda is the art of brainwash. This form of art has been going for many centuries and has played an important role in the history of art, especially during the 20th century in which propaganda was used to persuade people to join the military service or to stand for their countries during wartime. At that time the objective was only one, nowadays there is more than one objective; how does propaganda influence the way 21st century society pre-establishes ideas and makes contradictions within taboos such as tattoos, marijuana and sexuality? By focusing on marijuana it can be noticed that there are several public opinions to it. Some believe it should be legalized as a drug, others think it shouldn’t and others think it should only be consumed for medical benefit. Similarly, tattoos are said to be a â€Å"respectable form of artâ€Å" by some while others state that â€Å"they demonstrate a lack of education and classâ€Å" and that â€Å"once you get a tattoo you put yourself in a lower echelon of societyâ€Å". Media and propaganda encourage us to accept all types of sexuality. Propaganda portrays homosexuals and bisexuals as exhibitors of gender-atypical behaviors. Despite the fact that propaganda has become less stereotyped over time, researchers believe that it hasn’t changed that much over the last ten years. Taboo: Tattoos. Social definition. Tattoos are defined to be â€Å"a permanent mark or design made on the skin by a proc... ...d Elisava in Barcelona respectively, and who wish to remain anonymous, I can determine that my conclusion is valid, as all these factors play a role when pre-establishing ideas and making contradictions. I can also state that it is in fact, a form of manipulation, as it makes the audience pre-establish ideas about certain things and then judge others. However, the students stated that, apparently, this was decreasing with the passing of time, as these taboos are becoming more accepted by first world countries. To conclude, I believe this is a vicious cycle; similar to the story of the chicken and the egg. Which came first? Society has a pre-established idea. Media and mass communication want to sell what the audience wants, so they portray these ideologies, so in turn, society is subconsciously affected by the concepts conveyed, as they are stereotyped...But by who?

Self Knowledge And Happiness In Pride And Prejudice, by Jane Austen Ess

Pride and Prejudice written by Jane Austen is centred on characters that either gain self awareness and knowledge or possess none at all. Happiness is found even when one has no understanding of selfhood but the most happy and satisfied people in the novel are those who have self knowledge. People that possess self knowledge understand their strengths and weaknesses and characters that gain self knowledge are able to decipher these characteristics and act upon them. As marriage was seen as a great achievement for women in their society, happiness in Pride and Prejudice relates to whether one is happy or unhappy in their marriage. Lydia, Mr WIckham and Lady Catherine de Bourg have no self awareness and are unhappy in the novel. The marriage of Lydia and Mr Wickham is one of the unhappy marriages. Mr Wickham and Lydia are both very similar and are both unaware of their faults; they are both careless with money and see no problem with asking their relatives for money. Lydia as the youngest daughter is well accustomed to having other people look after her and she is dependent on other people. Lydia’s lack of self awareness doesn’t affect her greatly; she is happy and claims that she loves Wickham. She is very fond of him but he is not fond of her and quickly loses interest, â€Å"Wickham’s affection for Lydia, was just what Elizabeth had expected to find it; not equal to Lydia’s for him.† Lady Catherine de Bourg has no self knowledge. She is full of herself and sees herself very highly; it is obvious she is lacks self knowledge. She makes discourteous comments about other people without thought to their opinions and she also enunciates comments about how she views herself. Lady Catherine de Bourg is unhappy because she is disappointed ... ...ejudice and realizes her faults she develops towards Darcy and is then prepared for a more fulfilling happy marriage. People with self awareness can be both happy and unhappy. Mr Bennet has self awareness but he is unhappy because he finds no satisfaction in his family. Elizabeth and Darcy come to know themselves and develop towards each other and so their marriage has the capacity to hold the greatest happiness. Also, happiness can be found when you have no self awareness. Charlotte has self awareness and knows what she wants and needs and so she is content in her marriage to Mr Collins. Mr Collins has no self awareness but is happy because he has a wife and this is what he aspired to. Ultimately, people who have the most self awareness and knowledge who can grow and learn their weaknesses and faults are the people who will have the most happiness in their lives.

Creon The Tragic Hero of Sophocles Antigone Essay -- Essays Papers

Creon The Tragic Hero of Sophocles Antigone Every Greek tragedy must have a tragic hero. In Sophocle’s play, Antigone, the most tragic hero is Creon. He is an essentially good man of high position who takes pride in his role as king. He possesses the tragic flaws of excessive pride and an oversized ego. This causes the tragic reversal that leads to his emotional ruin and eventual remorse and repentance. As King of Thebes, Creon is forced to make difficult decisions. As a new ruler, he feels it is necessary to prove himself to his citizens, therefore he rules his state with a firm hand. He believes that Polyneices should not be buried because he was a traitor to his country and family. Creon knew this decision would be hard on some people, but did not anticipate how greatly it would affect his niece, Antigone. Because Antigone goes against Creon’s will and law and buries her brother, she forces him into a position where he again has to make a difficult decision. He must choose to kill his own family member and uphold the law, or punish her less severely and show that he was wrong in a previous decision. Creon’s pride does not allow him show leniency toward Antigone, and he arrogantly defends his decision by stating, â€Å" whoever may be the man appointed by the city, that man must be obeyed in everything, little or great, just or unjust† (line 608). Creon’s arrogance and pride is the tragic flaw that leads to his inevitable downfall. He does not hand down a just sent...

A Review of the Role of Entrepreneurship in Stimulating Economic Growth Essay

They also further states that entrepreneurs have been responsible for growth and development over the centuries and are identified as the key role players in the economy of every country. The paper identifies the different definitions of an entrepreneur which are identified as the different channels in which entrepreneurship lead to economic growth, reduced unemployment and increased levels of income among countries. As a result of the role of entrepreneurship in any country, most countries emphasises on integrating entrepreneurial activity in its economic policy. A discussion is made on developing economies mainly South Africa, China, Brazil and Russia comparing the entrepreneurial activity within the economies. Economic growth is best defined as a long-term expansion of the productive potential of the economy. It is measured by the comparing the difference between the Gross National Product (GNP) in a year with the GNP of the previous year. A growing economy is when the difference is positive. The term simply refers to an increase in the ability to produce goods and services. It is easier to define unemployment when there is an understanding of the term economic growth. Unemployment refers to when a person who is actively searching for employment cannot find work to do. This is an instrument used to determine the healthiness of an economy. After knowing the levels of unemployment in an economy, determining the level of income distribution becomes a bit projected. The level of income in an economy refers to the way in which in money is distributed among the population in an economy. The above three defined terms has a link to each other. The level of economic growth have a direct proportional influence on the possible jobs available in the economy while a reciprocal relationship exist between the level of income in the particular economy and levels of unemployment. The level of income is directly proportional to economic growth. Also, the level of unemployment is directly proportional to the level of income in an economy. However, all the above aspects are influenced by the level of entrepreneurship in the particular economy. An economy with high activity of entrepreneurship is more likely to be characterized by high economic growth, reducing levels of unemployment and increasing levels of income while an economy with low entrepreneurial activity on the other hand can be characterized by low economic growth, high levels of unemployment and low levels of income. Entrepreneurship cannot be separated from the following terms â€Å"economic growth†, â€Å"employment† and â€Å"country income level distribution† as all the entrepreneurial activities contribute largely to economic growth, levels of employment and income distribution. Different nature of entrepreneurs stimulates the growth of an economy in different ways. In any country with high levels of entrepreneurial activities or which experienced high entrepreneurial activity, the economy tends to be of middle to high income and the unemployment levels tend to be decreasing if not low. However, economies with low income distribution are characterised by low entrepreneurial activities and mostly, there are significant levels of unemployment. Such low income economies have high records of poverty which leads them to seek donors. Different authors made contributions on this topic and this paper compares and links the information obtained into a comprehensive review. The term entrepreneurship has been defined by Schumpeter (1934) as lying in the perceptions and exploration of new opportunities in the realm of business. He further states that it always has to do with bringing about a different use of resources in that they are withdrawn from their traditional employ and subjected to new combinations. Schumpeter relates entrepreneurship to be influenced by entrepreneurs who are innovative and hese people have to be extra-ordinary as they have to come up with extra-ordinary events. They come up with new technological possibilities hence are able to establish large businesses from these. Carland etal. (1984) confirms that an entrepreneur is someone innovative and further says that he or she employs strategic management practices in the business. Timmons (2000) believes entrepreneurship as the process of creating a nd seizing an opportunity and pursuing it, regardless of resources currently controlled. Nieman and Nieuwenhuizen (2009) define an entrepreneur as the person who sees an opportunity in the market, gathers resources and creates and grows a business venture to meet these needs. They also further states that he or she bears risk of the venture and is rewarded with profit if it succeed. With different definitions of entrepreneurship defined by different authors through the way they define an entrepreneur, the researcher generally defines entrepreneurship as the act of being an entrepreneur who establishes business through the organisation of resources taking risk with the aim of realising profit. The Schumpeterian entrepreneur as defined above is innovative. In support for this, Curran and Stanworth (1989) defines entrepreneurship as the creation of new economic entity centred on a novel product or service or, or at the very least, one which differs significantly from products or services offered elsewhere in the market. Such entrepreneurs play a very crucial role in stimulating economic growth. They come up with huge organisations which can be monopolies in the economy. With the nature of big businesses, they would be more likely to produce large volumes of product increasing the GNP thereby contributing significantly to economic growth. With their capacity to produce large volumes, such organisation would take considerable number of employees hence reducing unemployment. By employing people, such entrepreneurs contribute to the increased levels of income in an economy. Another author Kirzner presents a different way in which entrepreneurship can be influenced by an entrepreneur through the way he defines an entrepreneur. According to Kirzner, the entrepreneur is someone who is alert to profitable opportunities for exchange. Such an entrepreneur believes in gathering the needed information, refining and providing it to those in need of it. Such entrepreneurs act as intermediaries for example between suppliers and customers. They are also very important in the growth of an economy as they facilitate inception, incubation of businesses through the provision of supportive information. The information they provide acts as a catalyst into venturing into business and builds confidence to emerging businesses. Emerging businesses require business support for them to have high chances of success hence the Kirzner entrepreneur makes the perfect match for such new businesses whose success lies on business support services. Such an entrepreneur can offer business support services such as business counselling, business mentoring and business incubation.

Elements Of Business Environment

(I) Project ONE: ELEMENTS OF BUSINESS ENVIRONMENT The teachers should help the students in selecting any one element of the following: 1. Changes witnessed over the last few years on mode of packaging and its economic impact. The teacher may guide the students to identify the following changes: a) The changes in transportation of fruits and vegetables such as cardboard crates being used in place of wooden crates, etc. Reasons for above changes. b) Milk being supplied in glass bottles , later in plastic bags and now in tetra pack and through vending machines. ) Plastic furniture [doors and stools] gaining preference over wooden furniture. d) The origin of cardboard and the various stages of changes and growth. e) Brown paper bags packing to recycled paper bags to plastic bags and cloth bags. f) Re use of packaging [bottles, jars and tins] to attract customers for their products. g) The concept of pyramid packaging for milk. h) Cost being borne by the consumer/manufacturer. i) Packagin g used as means of advertisements. 2. The reasons behind changes in the following: Coca – Cola and Fanta in the seventies to Thums up and Campa Cola in the eighties to Pepsi and Coke in nineties.The teacher may guide the students to the times when India sold Coca Cola and Fanta were being manufactured in India by the foreign companies. The students may be asked to enquire about a. Reasons of stopping the manufacturing of the above mentioned drinks in India THEN. b. The introduction of Thums up and Campa cola range. c. Re entry of Coke and introduction of Pepsi in the Indian market. d. Factors responsible for the change. e. Other linkages with the above. f. Leading brands and the company having the highest market share. g. Different local brands venturing in the Indian market. . The rating of the above brands in the market. i. The survival and reasons of failure in competition with the international brands. j. Other observations made by the students The teacher may develop the following on the above lines 3. Changing role of the women in the past 25 years relating to joint families, nuclear families, women as a bread earner of the family, changes in the requirement trend of mixers, washing machines, micro wave and standard of living. 4. The changes in the pattern of import and export of different Products. 5.The trend in the changing interest rates and their effect on savings. 6. A study on child labour laws, its implementation and consequences . 7. The state of ‘anti plastic campaign,’ the law, its effects and implementation. 8. The laws of mining /setting up of industries, rules and regulations, licences required for running that business. 9. Social factors affecting acceptance and rejection of an identified product. ( Dish washer, Atta maker, etc) 10. What has the effect been on the types of goods and services? The students can take examples like: a.Washing machines, micro waves, mixers and grinder. b. Need for creche, day care centre for young and old. c. Ready to eat food, eating food outside, and tiffin centres. 11. Change in the man-machine ratio with technological advances resulting in change of cost structure. 12. Effect of changes in technological environment on the behaviour of employee. PRESENTATION ? Cover page should include the title of the Project, student information, school and year. ? List of contents. ? Acknowledgements and preface (acknowledging the institution, the places visited and the persons who have helped). Introduction. ? Topic with suitable heading. ? Planning and activities done during the project, if any. ? Observations and findings of the visit. ? Conclusions (summarised suggestions or findings, future scope of study). ? Photographs (if any). ? Appendix . ? Teacher’s observation. ? Signatures of the teachers. ? At the completion of the evaluation of the project, it should be punched in the centre so that the report may not be reused but is available for reference only. ? The proj ects will be returned after evaluation. The school may keep the best projects.