Partnership As Form Of Ownership Essay Example | Topics and Well Written Essays - 1500 words

Partnership As Form Of Ownership - Essay Example Operating the business becomes easier as partners with different skills manage different activities and more ideas are generated due to more than one mind involved in running the business. Taxation is shared between the partners, which mean that the expenses are shared between more than one individual. The cons associated with this form of ownership include the danger of disagreement (Gitman, 2008, p.119). This means that if one of the partners disagrees, a decision may not be taken as all the partners are required to agree or agreement may take place which may lead to conformity with the figurehead of the partnership. More paperwork is involved in the process of taxation as all partners have to get themselves registered as self-employed. Due to equivalency in sharing of partners, profits are divided according to share of investment even if certain partners may put in more effort and others may not for the success of the business (Moore, 2010, p.167). While raising capital to start a small business, an individual can start by financing the businesses himself. Several benefits such as retaining all the profits are associated with this form of financing, but if a small business needs to grow large then it needs to look for other options (Alterowitz, 2007. P.14). Next best alternative is to ask for assistance from family members and relatives for finance. For this purpose, an entrepreneur has to make the effort of making his relatives realize that he/she has a great investment plan and will be quite successful. In very rare instances family and friends invest in a business; if an entrepreneur faces such a scenario, he/she can obtain assistance from the government (Great Britain, 2006, p.18). The government has various plans where they finance small businesses or provide money in the shape of grants to entrepreneurs to start up their own business. If an entrepreneur is not eligible for such government support options, the  business can obtain a loan from banks to start small businesses. Due to the failure of large businesses and the risk of the high amount of loss associated with large businesses, banks and governments are more willing to finance small businesses (Moore, 2008, p.319).

Referring to the 5 main problems of philosophy, show how each of the Essay

Referring to the 5 main problems of philosophy, show how each of the readings (Plato through Descartes.) - Essay Example Analysis of Knowledge The philosopher defined knowledge with level of doubt which is basically the contrast of certainity (Jerry 33). The philosopher Plato argues about mathematics denoting the logic. His work considerably influenced logic, linguistics, mathematics, set theory, and philosophy, particularly philosophy of language, metaphysics and epistemology. The true belief is already mobilized to resemble a modal logic and possibility of including world’s semantics. Epistemology has received greatest attention although it still lacks formal representation (Jerry 16). The concept of scientific inventions are currently dwelling much on metaphysics which is far much beyond human perception as the concern gets deeper relying on three main factors, for instance, God mind and soul, which are unique to an extent that man kind is not able to understand. Descartes embraces the principle deployed in order to be certain (doubtless). However, the philosopher acknowledge that everything within the earth shall be over and they an existing by their nature. This affirms that Descartes fears and recognized that God is Omni present. In metaphysics, and is determined to derive the ultimate reality in the existence between man, nature, mind and all matters that ad related to ultimate reality personal view on Meta physics (Jerry 19). Despite the human perception on God’s creation, people do think that they have the ability to let God’s work change. This is totally a perception which still requires a lot of argument both physically and through the bible to determine the reasons ass to why man in working with perception instead of ajusti9ng to the requirements. The religion philosopher clearly indicates that our God is not far from Earth, his prayers for many (Jerry 23). Ethically, the slave trade that erupted in the USA, which lead to death of thousands

Crime, Prevention, and Community Safety Essay Example | Topics and Well Written Essays - 2000 words

Crime, Prevention, and Community Safety - Essay Example It actually brings the citizens, business owners, and police officers together in a joint task force that helps to minimize and prevent many crimes from taking place before they can ever be planned (Kelling & Coles 1996). However there still is the notion that legal bodies have which state that communities do have an obligation to keep their neighborhoods crime free or at least help law enforcement in preventing crime where they live. The strongest reason for this belief is due to the statistical evidence of crime that has grown since 1867 in the UK (Macionis 1994). These statistics have long been studied by Sociologists and other well known scholars due to the relevance that they have with depicting why crime occurs, in what quantity, and in which areas. Furthermore, the crime rate of 1867 and 1987 are just as different as the cultures of the two variant time periods are. However, an interesting correlation has been noted with the crime rates of 1939-1938 and 1980-1988 (Macionis 199 4). The following chart gives a good insight into how the issue of economics can increase the statistical evidence of how crime has escalated over time since the middle 1800's. It is one of the many notions of why there has been an expressed concern with getting the communities involved with combating crime.Decade Average Decade High 1980-88 40% 44.2 %(1986) 1970-79 38% 41.3 %(1973) 1960-69 37% 38.7 %(1964) 1950-59 34% 36.0 %(1959) 1940-49 29% 33.1 %(1940) 1930-39 35% 43.1 %(1933) 1920-29 26% 29.6 %(1922) 1910-19 24% 26.6 %(1910) 1900-09 24% 26.9 %(1900) 1890-99 26% 27.9 %(1898) 1880-89 26% 28.5 %(1880) 1870-79 22% 28.7 %(1879) 1867-69 25% 28.1 %(1867) (Roberts 1994). It is believed that these statistics can be drastically lowered if a stronger partnership does develop between law enforcement and communities. Theorizations such as Kellings work to implement this type of philosophy through a mutual partnership between the law and the community, which has been proven to be necessary. This of course leads to the concept of community policing which is a philosophy that has been being highly discussed and tested for a good while now, of course following theorizations such as Kellings, and others as well. Community policing is the most common name for a set of tactics, philosophies and strategies that officers now use to resolve crime issues in urban cities. Community policing allows the police to work closely with the community to think of creative solutions to problems. This view of policing stems from the perception that the police serve a multifunctional role and act as some what of a social service agent in the community. The basic premise of community poli

The Business, Its Mission and Its Strategy Term Paper

The Business, Its Mission and Its Strategy - Term Paper Example The organization has continued to experience an explosive growth, which is demonstrated by its annual revenues moving from $250,000 in 2009 to over $2 million in 2010 (Samasource, 2011). Samasource’s core business is outsourcing of digital work from large or small organizations. The organization offers outsourcing services under five broad categories: data services, research and archival services, machine learning, customer support services, and online content services (Samasource, 2012). This is mainly done on the Internet. The organization operates as follows. First it sources for work from other organizations. It then uses a proprietary technology platform to divide the digital work it has received into smaller tasks which are then distributed through the Internet to its various processing centers or partner sites. At these processing centers Samasource specifically recruits and trains women and youth from poverty-stricken areas who then perform the small tasks. Upon co mpletion, each of these small tasks is taken through a rigorous quality-assurance process on the proprietary platform before they are aggregated back into complete projects and delivered to the clients. The proprietary technology platform is known as SamaHub and the small tasks are referred to as microwork – a term first coined by the Samasource founder. ... This industry has numerous buyers and suppliers, which makes the bargaining power of both parties relatively weak. The three forces that Samasource would need to be wary of are competitive rivalry, threat of entry and threat of substitutes. The intensity of rivalry here is currently moderate because of the contrasting characteristics. On the one hand, there are numerous competitors, which should warrant a fight for market share. On the other hand, industry growth is high, and this somewhat negates the need for fighting over market share. Also, exit barriers in this industry are low, which means that companies that are earning low or negative returns can easily opt to leave the market rather than struggle. This eliminates excess capacity from the market (Porter, 2008). Nevertheless, we single out competitive rivalry because of the potential for rivals to converge and compete on the same dimensions. The nearly identical services of rivals coupled with low buyer switching costs could lead to price competition and, consequently, destructive rivalry. Barriers to entry for this industry are low for the following reasons. Firstly, the primary infrastructure for this industry is the Internet, which weakens the incumbents’ ability to harness supply-side economies of scale. Secondly, buyers face low switching costs in changing suppliers. Thirdly, capital requirements are modest. Fourth, the Internet gives new entrants equal access to the distribution channel. These low entry barriers make the threat of entry industry force to be very high. Substitutes to Samasource’s offerings are Odesk, Elance, Freelancer and other online outsourcing sites as well as the traditional BPOs found in the developing countries. We have

Cayman Islands Retail Banks Customers Satisfaction and Service Quality Dissertation

Cayman Islands Retail Banks Customers Satisfaction and Service Quality - Dissertation Example The prime objectives of this dissertation was to determine the significance of service quality rendered by the retail banks, price efficiency considered by the bank, technology concerns and innovations, along with the corporate image perceived by the bank in relation to customer satisfaction. To be precise, majority of the customers in the Cayman Islands’ retail banking industry considered the time efficiency and cost efficiency to be two major determinants of service quality in the industry. The assistance provided by the bank staffs and their friendliness towards the customers also has significant roles to determine the banking service quality to a large extent. Customers tend to determine their satisfaction level with regards to the outcomes rendered by a product and/or service along with taking in account the processes included by the company in delivering the demanded service and/or product. In accordance to the findings of this study, this certain fact can be well observ ed. For instance, the customers from banks, interviewed in this study, depicted that the efficiency of bank staffs to render the demanded service and/or product on time, along with the resolvements of issues faced by the customers has a significant impact over the satisfaction level perceived by them. Therefore, it can be stated that the outcomes and the processes of rendering services adopted by the banks play a significant role in determining customers’ satisfaction level.... The following recommendation should therefore be followed; The banking institutions can implement competitive strategies to facilitate technology enhancements within the industry structure. It can also be beneficial to understand the requirements of the customers in terms of service quality, value and even corporate image. To be precise, the banking institutions can take advantage of the research findings obtained in this study to enhance their overall service quality and corporate image to persuade the customers increasing the level of satisfaction within the target market. Table of Contents Declaration & Statements Page 2 Abstract 3 Table of Figures 8 Chapter 1: Introduction 10 1.1.Scope of the Research 10 1.2.The Cayman Islands Banking Sector 13 1.3.Research Aim, Objectives and Research Questions 16 1.4.Rationale 17 1.5.Research Methods 19 1.6.Dissertation Structure 20 Chapter 2: Literature Review 22 2.1. Overview 22 2.2. Defining the Concept of Service Quality in Relation to Cust omer Satisfaction 23 2.3. Significance of Service Quality on Customer Satisfaction in the Retail Banking Industry 26 2.4. Impact of Perceived Value (price) on Service Quality and Customer Satisfaction in Retail Banks 29 2.5. The Influence of Corporate Image on Service Quality and Customer Satisfaction at Retail Banks 32 2.6. Role of Technology Change in Influencing Customer Services Quality and Customer Satisfaction of Retail Banks 33 2.7. Summary 36 Chapter 3: Research Methodology 38 3.2. Research Approaches 38 3.3. Research Design 41 3.3.1. Research Objectives 42 3.3.2. Research Process 42 3.4. Data Collection Method 44 Chapter 4: Findings and Analysis 47 4.1. Section One: Analysing

Trade Secret Case Study Essay Example | Topics and Well Written Essays - 500 words

Trade Secret Case Study - Essay Example Miller’s employer based on the law has the right to sue him and obtain an injunction because of exposing his clients’ information to other parties (Battersby & Grimes, 2013). This is evident in the manner Miller keeps clients’ files not indicating they are confidential. Therefore, Miller has no legal backing to either claim or sue anybody of intruding â€Å"his customers’ lists†. Since, he stole them from his former employer and it is unethical to use them in his second place of employment. Therefore, the court’s verdict in this case would hold Taborsky accountable for having infringed the sponsoring institution’s trade secret rights (Stim, 2010). This is because what he did was just an extension of what the institution sponsored and even utilized pricy resources to have the entire project come to a completion (Stim, 2010). Taborsky has infringed Florida Progress’ trade secrets by taking the entire research’s idea to advance what has caused the contracting party expensive resources. Taborsky’s claims do not have any backing evidence because if it were not for that research, he would not have an idea of making similar product (Stim, 2010). Based on the IP law, trade secrets belong to the corporation/company but not employees, contractors or investors who are contracting with the institution for a specified duration (Battersby & Grimes, 2013). Therefore, in ensuring patient list qualifies to be a trade secret the owner ought to have prepared a deal with the physicians before the commencement of their contract. This is concerning handling and keeping of patient lists and penalties involved suppose there was an infringement of trade secrets’ law (Battersby & Grimes, 2013). However, the Pollack’s case does not relay this but cites how he mobilized costly resources to compile patient list. Therefore, doctors in this case did not steal his trade secrets

Country Risk Analysis-China Essay Example for Free

Country Risk Analysis-China Essay With the development of economic globalization, foreign direct investment (FDI) is increasingly being recognized as an important factor in the economic development of countries. Although FDI began centuries ago, the biggest growth has occurred in recent years. This growth resulted from several factors, particularly the more receptive attitude of governments to investment inflows, the process of privatization, and the growing interdependence of the world economy. Team B will perform a country risk analysis to ensure that endeavors of investing into the Chinese markets are warranted. Initial ScreeningGreater China has been one of the most dynamic areas in the world economy. With the entry of the China into the World Trade Organization, Chinas financial markets emerge on the frontier of economic reform and openness. Financial services also provide the most exciting foreign business opportunities in China. However, the recent Asian financial crisis illuminates the problems in Chinas state-run enterprises and an ill-functioning banking system. This paper is looking for the business opportunity of financial services industry in China. It will begin from the review of the emerging economies to explain why the specific region was chose. The research of this paper also includes business analysis in China, a review of profitable industry, the business entry strategy and its functional areas operate in China. At the end, the future strategy and the recommendations will be discussed for the further steps in this investment. Potentials/FDILooking at the environmental factors of China, the economic development it has undergone in the past 15 years is of increasing interest to marketers. It has developed and continues to grow into a great trading partner. If this growth pattern continues, China will someday have significant economic influence on the world. One reason China could have a particularly large effect is due to the number of Chinese citizens. China supports over 1.29 billion people and this number is increasing by .93%. If the standard of living persists and income levels rise, it would be possible to accept the Chinese as potential consumers that would unlock a huge market  of individuals. The massive population has been a burden on China because the economy, as it stands now, cannot bear to support such a number of citizens. The government is trying to gain control of this problem by limiting the number of children to one per household, with exceptions to ethnic minorities and those living in rural areas. Other countries are offering their services to attempt to control the birthrate by showing the government that population control can be managed without a coercive and involuntary approach. The government has been losing its authority due to political changes and popular resistance that make population standards difficult to maintain. Therefore, some projections still approximate that 1.6 billion will make up Chinas population by the year 2025. Countries wishing to take advantage of Chinas emerging opportunities are investing a large amount of time, effort and money in order to access such a vast market. These possibilities were made possible when China started its reform in 1978, opening its doors to foreign investments and trade. This changed a self-reliant central economy into a mixed economy that combined state owned enterprises and private businesses. China could now allow individual citizens to have different amounts of incomes. The results have changed China dramatically making it the fastest growing economy for 15 years. When the reforms began in 1978, 60 percent of the population earned less than $1 a day. Since the reform, GDP has grown steadily by an average of 9 percent. In the year 2000, GDP grew by 8 percent. Currently, per capita is equivalent to $3600 and as the economy continues to expand the purchasing power of individuals will increase as well. The new economic reform policy intends to reduce central planning and increase business autonomy and spread income. Many problems still exist, despite the success of the policy and rapid economic growth. There is a movement for more privatization of some State Owned Enterprises because many remain unprofitable. In the year 2000, 46.5% of the SOEs were running at a loss. These problems stem from the socialist system that is still in place under their Constitution. Under the Chinese Constitution, it is the  responsibility of the government to manage the economy by means of production quotas and price setting. This apparent contradiction between the reform policy and the Constitution (1982) seem to work against each other. China will never succeed at full potential unless it retires the Marxist views and embraces a market directed system. Economic IndicatorsChinas economic growth remains quite high due to the large investments from the United States and Europe. The labor sector has a competitive edge with the rest of the globe now, where outsourcing of work to China is a priority among the large corporations. The Second Screening tries to look at more specific types of economic indicators to determine the risk and safety for a foreign company to invest in China, a country that has a communist government. According to the World Economic Forum, China has moved up from 33 to 39 in their 2002-2003 Growth Competitive Index while the IMD has mainland China listed as number 12. Summary data can be accessed below.In terms of trade surplus, there are fluctuations all the time due to the business cycle. Not all cycles of goods and services in China fall into predictable patternsChinas trade surplus in March fell to $6.9 billion, well below forecasts and down sharply from Februarys $23.7 billion surplus, reports AP. It was not clear whether the drop in March was the result of government efforts or would have a lasting impact.(www.metrics2.com)http://www.metrics2.com/blog/economic_indicators/Inflation is something that remains as long as prices keep going up, and there are no controls of prices. The Chinese communist government does have strict controls over the Chinese currency. Its central bank controls the overall balance of payments within the country when dealing with foreign investors, as the United States. Chinas consumer price index (CPI) rose 5.3 percent year-on-year in July, mainly due to the lagging effect of price hikes at the end of 2003 and one-time factors, said the monthly report released by the National Bureau of Statistics (NBS) Thursday. The July inflation rate was 0.3 percentage points higher than the 5 percent rise in June, making it the second  consecutive month that Chinas inflation exceeded 5 percent. Currency ConvertibilityCurrency in China is called the Renminbi and although it tries to be strictly controlled by the Chinese government, the currency competes on the world currency market just like the American dollar and the Euro. The currency is tied to the economic health of the country in terms of balance of payments. Sometimes this is difficult to understand because of the globalized world economies today, where every country deals in all of the worlds currencies. International corporation for example can pay for goods and services in any form of currency. The official currency of the Peoples Republic of China (PRC) is Renminbi (meaning in Chinese: peoples currency). The Peoples Bank of China, the PRCs monetary authority, issues the Chinese currency. The official ISO 4217 abbreviation of Chinas currency is CNY, but it is also abbreviated as RMB. Colloquially, the Chinese currency is also called Yuan and Kuai.(www.danwei.org)Gross Domestic ProductChina is likely to declare itself the worlds fourth largest economy next week, having leapfrogged Italy, France and Britain, after a widely expected revision of its annual gross domestic product figures. Economists say the National Bureau of Statistics (NBS), which is due to release part of the results of its first national economic census on December 20, is likely to put a much bigger figure on the size of Chinas services sector. Political and Legal barriers to doing business in ChinaThe Peoples Republic of China is a dichotomy of cultures and lifestyles. While maintaining the culture of an old world, there is a marked representation of Western culture all over the larger cities in the country. However, anyone wishing to do business in China will have to know and understand both cultures, and all the legal and political implications involved in doing creating a successful presence in China. In China, the first step in doing business is to have a legal framework to operate your business. You need a legitimate platform to launch your business venture. It is not advisable to use proxy or another Chinese company to conduct business in China (www.seve.gr). While the most obvious barriers to doing business in China include tariffs and other financial  limitations, there are some non-tariff barriers that could inhibit a business from doing business in China. Entry BarriersGovernments often provide trade consultations and administrative guidance to companies to facilitate implementation of their respective industrial policies. In some countries the role of government may take the form of a caretaker, coordinator and leader providing guidance, coordination and arbitration. In order to achieve these goals, governments use such tactics as licensing, foreign exchange allocations and quotas. These tactics could interfere with free trade and become a barrier to market entry (www.foxweb.marist.edu). Profit Remittance BarriersFinancial controls may take the form of exchange controls, multiple exchange rates, and prior import deposits, as well as credit restrictions and profit remittance restrictions. Exchange controls limit the amount of currency that can be taken abroad. Such controls limit the amount of currency an importer can obtain to pay for the goods purchased. It also limits the amount of currency an exporter receives for goods sold and the length of time it can hold the currency (www.foxweb.marist.edu). Prior to 2005, most businesses in China were state-owned and it was virtually impossible for non-state businesses to enter the Chinese market. However, in 2005, China lifted trade barriers that would allow private businesses to invest in the infrastructure, industry and utilities of China. Although the government has displayed support for the development of non-state economy in recent years, there are still barriers to the development of the private sector especially in the power and oil industries. Even in Shanghai where the private economy booms, the non-state business often faces many limits from various industries (www.English.peopledaily.com). Cultural IssuesChinas estimated population for 2007 is greater than 1,321,800,000 with a relatively small cohort. (CIA, 2007) The median age  in China is 33.2 (32.7 male and 33.7 female). Exhibit 1 (CIA, 2007)Life expectancy is estimated at 72.88 years. Seven out of every 1,000 people die each year. Infant mortality rate is 22.12 per every 1,000 births (20.01 male and 24.47 female). (CIA, 2007). The Chinese ethnic population is 91.9% Han Chinese; while the remaining 8.1% is made up of Zhuang, Uygur, Hui, Yi, Tibetan, Miao, Manchu, Mongol, Buyi, Korean, and other. Exhibit 2 (Cyborlink, n.d.)Culturally, China ranks highest in long-term orientation. This dimension indicates a societys time perspective and an attitude of preserving; that is, overcoming obstacles with time, if not with will and strength. (Cyborlink, n.d.) Geert Hofstede has conducted many cultural analyses and ranked China the lowest in Asia in regards to individualism. This is thought to be in part to an emphasis on a Collectivist society by Communist rule. Culturally, the Chinese are close and committed to family and relationships and loyalty is considered very important. Hofstede also noted that China ranks 80 in regards to power distance; while the rest of Asia averages 60 and the rest of the world averages 50. This is indicative of a high level of inequality of power and wealth within the society. This condition is not necessarily forced up the population, but rather accepted by the society as their cultural heritage. (Cyborlink, n.d.) In regard religions, China is an atheistic society (94%); while only three to four percent are Taoist, Buddhist, or Christian, and one to two percent are Muslim. Education in China is very important. Two years before the dawn of the 21st Century the Chinese government proposed an ambitious plan intended to expand university enrollment to ensure a greater output of professional and specialized graduates. (Cyborlink, n.d.) The governments goal is to develop an elite of world-class universities. Today, 90.9% of the Chinese population is literate; however, only 85.5% of Chinese females are literate compared to 95.1% of Chinese males are literate. The 2006 estimated Chinese labor force consisted of 798 million people with  an official unemployment rate of 4.2% for urban areas. Unemployment and underemployment rates for rural areas are considerably higher. According to the 2006 labor estimates, 45% of the labor force was involved in agriculture; 24% industry; and 31% services. Exhibit 3 (CIA, 2007)Competitive forcesNumber, size and financial strengthWith this being a relatively new product idea there is very little competition. That is not to say that there is no competition. Similar software exists however it does not take into account the end user. Most fashion software is for the designer more so than the consumer. Our software allows people put in there body type and shape and then see how clothes would look on you before you ever step foot in a store. Market shareWith a very small number of competitors is allows for firms to have very large shares of the market. We understand that being brand new we will not be able to have the entire market, however within the first three months we expect to grow it by a factor three. This is very ambitious but we feel with our strategic partnerships and quality product we should be the market leader within the first 18 months. Marketing strategiesOur marketing strategy will be to associate our self with an established fashion label(s). We will use there good name to help promote our product as a product extension of the clothes. DistributionWe will distribute our products through online stores as well as their contemporary bricks and mortar counterpart. We feel this is the best over all solution to get the product into the hands of as many people as possible. The competition utilizes the internet as well as physical stores as well so we must do both as well. Modes of entryAs for the mode of entry, we have decided that because of the bureaucratic red tape associated with doing business in china it would be most beneficial if we combined our efforts with an already established clothing company. That way we would not have to launch a completely new company however just branch out as a different product line to an existing  brand. We will probably use price skimming as this type of software will be aimed at consumers who are willing to pay a premium for fashion. Also they might perceive a lower price as a lower quality product. An alternative mode of entry could be if we sold our software to multiple clothing makers and allow them to use the software as a tool. This also would eliminate some of the governmental procedures. This solution would also get the product out and into more users. The products of this industry are services, it is extremely important to build good relationship with customer and build customer loyalty in long term. This issue is currently managed by the group successfully. The only challenge is to keep the standard when entering the China market. In the highly competitive business atmosphere currently occurring in China, there is a large shortage of qualified employees. Many companies are eager to attract as many skilled professionals as possible, especially in financial services industry. Local business giants realize the urgency and magnitude of their needs. Besides the great number of expatiate executives, management-training companies in Shanghai have mushroomed to several thousand to provide the management talent. In conclusion, with the speed up of world economic integration process and the gradual opening of financial market after Chinas entry into WTO, China financial services sector will have to face more powerful competition and challenges from overseas intruders. China will be stepping up infrastructure development and offering equal opportunities to both the foreign banks and the domestics. It also is a greater opportunity for WF to take a step in sharing the market. References China lifts barriers of private business into monopolized industries. (2005). Retrieved April 21, 2007 from http://english.peopledaily.com.cn/200501/20/eng20050120_171269.htmlCIA. (2007, April). China. Retrieved April 19, 2007, from The World Fact Book:https://www.cia.gov/cia/publications/factbook/geos/ch.htmlCyborlink. (n.d.). China. Retrieved April 19, 2007, from International Business