Profile of an Entrepreneur Essay - 2576 Words

Early Years Samuel Moore Walton was born on March 29, 1918 to Thomas Gibson and Nancy Lee Walton near Kingfisher, Oklahoma. In Oklahoma, he lived and worked on his family’s farm. He grew up during the depression and knew the meaning of hard work and dedication. He started selling magazine subscriptions by the age of only eight years old to help with money because it was lacking on the farm making it hard to feed their family. The Waltons decided that the farm was not profitable enough to raise a family on. So, Sam and his family decided they would go back to being a Farm Loan Appraiser. Once this job started the Walton family moved out of Oklahoma and moved from town to town in Missouri. This would shake up most children but for the†¦show more content†¦Sam decided he wanted to own his own department store. He borrowed $20,000.00 from his father-in-law, L.S. Ronson- a banker and rancher. He also used his $5,000 that he was able to save from the military and made his dream of havi ng a department store a reality in the fall of 1945. He purchased a franchisee of the Butler Brothers, which consisted of two chains in Newport. One chain was the Federated department stores, which were small department stores and then the Ben Franklin variety stores. Sam’s store was a variety store and with the help of Butler Brothers, his store led in sales and profits in the six-state region (Wikipedia Encyclopedia 2). Sam started his first store with the same principles that we can still see today at Wal-Mart and Sam’s Club stores. He stocked all the shelves with a wide range of goods with very low prices, he kept his store centrally located so it was easily accessible to many customers, stayed open later than most stores especially during Christmas and Thanksgiving seasons, and experimented with discount merchandising which is the reason he led in sales in profits. He would buy straight from the wholesaler, which enabled him to lower his price per item, to sell a greater quantity of goods, thereby escalating his sales volume and profits (Fitzgerald 2). All these ideas were new to businesses, however Sam caught on fast and was able to use them to his advantage. When his lease was up his landlord would not renew the lease because heShow MoreRelatedProfile of an Entrepreneur5318 Words   |  22 PagesBUS 101 Sec – 8 Group Project Submitted to: M Saidur Rahman (Sdu) School of Business, BBA Program North South University Dhaka Persona | PROFILE OF AN ENTREPRENEUR AND BUSINESS ANALYSIS | 5th August 2010 | Prepared By : Ashiqur Rahman (GL) 1010622030 Syeda Faria Alim Read MoreProfile of an Entrepreneur1384 Words   |  6 PagesName: Roderick Smart ID#: 92058153 Course Title: New Ventures and Entrepreneurship Course Code: SBCO 6190 Lecturer: Dr. K’adamawe K’Nife Topic: Profile of an Entrepreneur Profile of an Entrepreneur Entrepreneur Mr. Earl Martin CEO and founder of Island Products Manufacturers Start Date 1992 Industry Manufacturing of Chemical Products Innovation Sale of household cleaners in bulk quantities Background Mr. Martin started his company island products Manufacturers in 1992Read MoreEntrepreneur Profile Of Kevin Popovi ï ¾Æ'ï ¿Å"1173 Words   |  5 PagesEntrepreneur Profile of Kevin Popović, Founder CEO of Ideahaus On March 18, 2015, I had the pleasure to interview Kevin Popović, founder and CEO of Ideahaus, a creative communications agency, with studios in San Diego, CA and Pittsburgh, PA. Ideahaus operates in various fields, including communications planning, account management and creative development. Kevin will soon celebrate the 25th anniversary of his award-winning â€Å"boutique agency,† which we started back in 1990. In 2010, Kevin PopovićRead MoreSunil Bharti Mittal - Entrepreneur Profile1627 Words   |  7 Pageshonored with several awards. Sunil Bharti Mittal was chosen as one of the top entrepreneurs in the world for the year 2000 and amongst Stars Of Asia, by Business Week. First generation entrepreneur. Education: Sunil a former student of Harvard Business School, graduated from Punjab University. He had shown an interest in business even from his teenage days. Previous trading experience: Started off as an entrepreneur immediately after graduation, trading in various merchandises. Skills required:Read MoreSunil Bharti Mittal - Entrepreneur Profile Essay1564 Words   |  7 Pageshonored with several awards. Sunil Bharti Mittal was chosen as one of the top entrepreneurs in the world for the year 2000 and amongst Stars Of Asia, by Business Week. First generation entrepreneur. Education: Sunil a former student of Harvard Business School, graduated from Punjab University. He had shown an interest in business even from his teenage days. Previous trading experience: Started off as an entrepreneur immediately after graduation, trading in various merchandises. SkillsRead MoreThe Successful Entrepreneurs1264 Words   |  6 PagesBUSINESS MANAGEMENT ( FMG0044 ) ASSIGNMENT 1 : â€Å" THE SUCCESSFUL ENTREPRENEURS † Lecturer : Sir Azizi Name : 1) Ahmad Zul Iqmal B. Zulkifli (012012051643) 2) Khoo Chee Hong (012012050692) CONTENT 1) Introduction 2) Profile / Background of the entrepreneur 3) The success characteristics / traits of the entrepreneur 4) How should I imply his / her success attitude to improve my personal development / my life ? 5) Conclusion INTRODUCTION EntrepreneurshipRead MoreBenefits Of Being Keen On A Business1066 Words   |  5 PagesBeing keen on establishing how I am suited in starting up a business, it would make sense for one to first establish their entrepreneurial profile. From a personal perspective, this would establish a platform of maintaining the noted strengths and leveraging the noted weaknesses. This prompts the need to focus on the established 3600 feedback. According to the scores in feedback provided, social orientation emerge as my only strong area when compared with the industry standard, even though not higherRead MoreEntrepreneur Characteristics1725 Words   |  7 PagesAre You Cut Out to Be a Successful Entrepreneur? ABSTRACT First, there was an interview with a successful entrepreneur. Second, there was a talk on entrepreneurship by a guest speaker, Mr. Azmi Ahmad (the CEO of Skali.com) and later, an elevator speech by fellow students on various issues related to entrepreneurship. This collective information and some reading on entrepreneurship journals, books and articles have brought to the idea on writing this paper, towards certain perspective, on successfulRead MoreCharacteristics of a Successful Entrepreneur Essay1598 Words   |  7 PagesCharacteristics of a Successful Entrepreneur ABSTRACT First, there was an interview with a successful entrepreneur. Second, there was a talk on entrepreneurship by a guest speaker, Mr. Azmi Ahmad (the CEO of Skali.com) and later, an elevator speech by fellow students on various issues related to entrepreneurship. This collective information and some reading on entrepreneurship journals, books and articles have brought to the idea on writing this paper, towards certain perspective, on successfulRead MoreImportance Of An Entrepreneurial Business At All Levels Essay1612 Words   |  7 Pages BUSINESS MANAGEMENT ASSIGNMENT 1 DPB GOUVEIA: 216028976 â€Æ' TABLE OF CONTENTS TABLE OF CONTENTS 2 THEME 1: IMPORTANCE OF ENTREPRENEURSHIP 3 - 4 THEME 2: COMPANY PROFILE 5 - 10 REFERENCES 11 ANNEXURES - QUESTIONNAIRE 12 â€Æ' THEME 1: THE IMPORTANCE OF ENTREPRENEURSHIP INTRODUCTION An Entrepreneur is someone who is creative and innovative and identifies a business opportunity or gap in the market for a new or adapted product or service. The importance of an entrepreneurial business at all levels

CBA Israel-Palestine Conflict - 688 Words

The most essential reasons behind the Israel-Palestine conflict were geocultural factors. These factors contributed greatly to the contentious argument between both groups because with the geocultural perspective, the religious tensions between Muslims and Jews have resulted in the problematic issue over the holy structures in Jerusalem. The second most contributing factors in the Israel-Palestine conflict were psychological factors. These were the second greatest factors that started the dispute because with the psychological perspective, the aftereffects of the holocaust have traumatized the remaining Jews and also the Palestinian refugees losing their homeland. The conflict takes place in the Middle East, holy land of Jerusalem and officially started from 1948 and ongoing. The average person in Israel is a wealthy Jew and the typical Palestinian is an impoverished Muslim. The forced migration of Palestinian refugees and military checkpoints are disadvantages towards Palestine and are huge advantages to the Israelis. According to the â€Å"Excerpts from the Torah, Genesis 28:13-16†, states the Lord giving land to Jacob and his â€Å"offspring† and reminds Jacob that he â€Å"will not leave until he has done what he promised†. This is important because the geocultural social science perspective, Abraham’s descendants inherits the holy land which is the Kingdom of David in modern Israel. Israel’s flag consists of the Star of David and two rivers; Euphrates and Nile which symbolizes the

Preparing to Conduct Business Research Free Essays

On September 12, 2012 the New York City Health Department voted eight-zero with one vote abstaining, to enact a city wide ban on sugar-sweetened beverages in containers over 16ounce in size (Susman, 2012). At the urging of New York City Mayor Michael Bloomberg the health department is hoping that this ban will have an impact on the growing obesity problem among New York citizens (Susman, 2012). Opposition to the ban was evident before the final vote by citizens believing violations of his or her freedom are occurring and vendors who see the choices in what he or she serve the customers under dictation from city hall. We will write a custom essay sample on Preparing to Conduct Business Research or any similar topic only for you Order Now Perhaps the group with the most to lose is the beverage industry; the ban limits servings of sugar sweetened drinks to 16 ounces or less in the city’s 24,000 restaurants, delis, movie theaters, sports venues, and street carts (Petrecca, 2012). This means no 20-ounce bottles, no super-sized drinks, no monster drinks at the movie theater, the fact is most of these establishments consider a 16-ounce beverage a small or medium drink (Petrecca, 2012). So smaller drinks mean smaller profits; however, it may be possible that this is not the case. The ban does not limit the number of 16-ounce drinks a person may purchase; the possibility for additional sales does exist (Petrecca, 2012). Because only restaurants offer free refills, it is possible that the smaller size drinks will result in greater quantities of sales at the other locations. Business Research The CEO of the Coca Cola Company is communicating with Learning Team A, hiring Learning Team A to research potential issues and opportunities resulting from the ban on containers over the limit of 16 ounces of sugar sweetened beverages in the city of New York. Coca Cola is showing interest in learning what the consumer thinks of the ban; how the customers believe it will affect his or her recreational and dining experiences. Coca Cola is not only showing interest in this information as it pertains to New York City but also because the interest this ban is attracting from other large cities and what it would mean to the company if this became common practice in other locations (Koebler, 2012). Hypotheses Team A offers several hypotheses to the ban and the effects it will have on the citizens, vendors, and distributors of sugar sweetened beverages: ? Team A hypothesizes that the ban on sugar sweetened beverages will cause a decrease in beverage sales that contain sugar, costing the Coca Cola company millions of dollars in sales. ? Team A hypothesizes that the ban on sugar sweetened beverages larger than 16 ounces will cause consumers to purchase multiple quantities of beverages in replacement of what they use to purchase. Also the sale of sugar free beverages will rise; this will cause an increase in revenue for the Coca Cola Company. Team A hypothesizes that the public will be unreceptive to the ban and believes that the government body responsible for it has overstepped their bounds. The public will think that the removal of this choice goes against the constitutional rights every person has and that he or she will attempt to find a way around the ban. ? Team A hypothesizes that although there will be citizens upset in regard to the ban, the citizens will embrace the law proving a measurable difference on the obesity problem in New York City. Variables to Consider and Questions to Ask In an effort to offer to the Coca Cola Company the most complete information, the best recommendations, and a reliable foundation on which to base future changes it is necessary to research as many variables as possible. Variable questions to include in the research include: 1) â€Å"The various age groups of the consumers, and their drink preferences. † 2) â€Å"How the vendors plan on handling this new rule and will the vendor adjust the prices, add free-refills, implement buy one get one programs, and add additional drink dispensers to accommodate customers. ) â€Å"How these bans encourage customers to leave the city limits and visit establishments in the suburbs? † 4) â€Å"How the consumer understands the reasoning behind the ban and the obesity issue with the removal of beverage choice? † 5) â€Å"Coca Cola currently holding a 70% market share in New York; this is a significant margin over the competition (Petrecca, 2012). It is important to research if the customer loyalty level will hold up to â€Å"deals† by the competition and how aggressive Coca Cola is going have to be with marketing and pricing. 6) â€Å"Is Coca Cola willing to embrace this ban, explore ways to market their diet products and fruit juices as an alternate to the sugar sweetened beverages? † Ethical Considerations Ethics play a critical role in conducting research projects (Donald R. Cooper, 2011). It is critical to examine how the results of the research issue breach the rights of the citizens. In the case of the New York City law that limits the sales of sugar sweetened drinks there are several ethical questions that arise. The strongest being, â€Å"how will this state law infringe on an individual’s rights to choose the size of their desired beverage? † The motivation behind the law is the unhealthy factors of sugary drinks, targeting one unhealthy option. Supporters of the law believe that this law will help prevent obesity; however, opposition believes it is unfair to place the weight of this issue on one product. Also at question â€Å"Is it ethical to restrict a consumer’s right to choose what he or she wants to drink? Along with sugar sweetened beverages there are other unhealthy products available that have proven effects on weight with no restrictions. Vendors and beverage makes can argue that the law shows bias and is discriminatory. This leads to another ethical issue; does the law give preference or competitive vendor advantage over consumer’s advantage. A consumer, who may wish to purchase a larger drink, may find the need to purchase multiple drinks, thereby increasing the sales of the company but yet not eliminating the risk of obesity. Also under consideration is the ethical question, â€Å"does the beverage company have a responsibility to their customers to reduce the chance of obesity, knowing that these beverages offer empty calories with no nutritional value? † Conclusion Moving into the future it is important to understand what difficulties a company will be facing. Knowledge from research projects provide companies the possibility to develop contingency plans and reduce the chance that the unknown will alter the course of a successful business plan. Earlier this month the New York City Health Department passed a law that has altered the way beverage makers and vendors conduct their business and altering the freedom consumers have in choosing something as simple as the beverage he or she drinks. The Coca Cola Company is looking to go forward armed with the knowledge they will need to maintain their superiority in the New York Market. This task has fallen on Learning Team A, as they will research and discover what the market and consumers will demand to remain customers of Coca Cola. How to cite Preparing to Conduct Business Research, Essays

Cuban Missile Crisis 3 Essay Research Paper free essay sample

Cuban Missile Crisis 3 Essay, Research Paper The closest the universe has come to atomic war was the Cuban Missile Crisis of October 1962. The Soviets had installed atomic missiles in Cuba, merely 90 stat mis off the seashore of the United States. U.S. armed forces were at their highest province of preparedness. Soviet field commanding officers in Cuba were authorized to utilize tactical atomic arms if invaded by the U.S. The destiny of 1000000s literally hinged upon the ability of two work forces, President John F. Kennedy and Premier Nikita Khrushchev, to make a via media. In 1960 Soviet Prime Minister Nikita Krushchev launched programs to provide Cuba with ballistic missiles that would set the eastern United States within scope of atomic missile onslaught. In 1962 U.S. spy planes winging over Cuba spotted the first ballistic missile. United States president John F. Kennedy announced a naval encirclement to forestall the reaching of more missiles. He demanded that the USSR dismantle and take the arms and declared a quarantine zone around Cuba. For several tense yearss Soviet vass avoided the quarantine zone, and Khrushchev and Kennedy communicated through diplomatic channels. Khrushchev eventually agreed to level and take the arms from Cuba and offered the United States on-site review in return for a warrant non to occupy Cuba. Kennedy accepted and halted the encirclement. However, the inquiry that is debated over the issue is whether or non JFK got lucky or if he was tactically smart and made the right determination. Many historiographers believe that President Kennedy played a unsafe game of brinksmanship in the Cuban Missile Crisis and we were merely lucky that the Soviets shied down while others believe that the actions of the Soviets influenced and framed the President # 8217 ; s determination. However, many others traditionally believe that JFK efficaciously defused the crisis by good diplomatic negotiations and executive determination devising. This last sentiment on the affair is, without inquiry, the right point of view, and is easy justifiable through significant grounds. Kennedy was a great leader, and although he merely served a short clip as president, he was really wise when covering with executive determination devising. And in no other event is this more apparent than in the Cuban Missile Crisis. JFK, made his determination along with his executive board, EXCOMM, and # 8220 ; from this group came the recommendations from which President Kennedy was finally to choose his class of action. # 8221 ; From the meetings of this secret organisations, three chief position points were fabricated. The militant position point which would despatch US Air Force bombers, the dovish which would prosecute diplomatic actions, and the owlish position point. The last one, the owlish, would hold the US Navy organize a encirclement environing Cuba. This action, which JFK chose, would forestall the reaching of Soviet ships transporting stuffs necessary to do the missiles operational. # 8220 ; A naval encirclement represented a combination of diplomatic negotiations and a military response and was now presented as a separate option. # 8221 ; The secret commission feared that if direct military confrontation occurred, it would intensify perchance into atomic war, the terminal of human being upon Earth. As you can see, unlike the bulk of the members of EXCOMM, Kennedy took the well being of the planet into consideration before make up ones minding to move. This shows Kennedy # 8217 ; s good diplomatic negotiation s and wise executive determination doing. Before make up ones minding to throw the state into atomic war he used his head and decided that that class of action would be immoral and unneeded. These are the actions of a good, smart, wise, leader. Another apparent feature which Kennedy displayed through covering with the crisis was the method in which he delt with the other members of EXCOMM, cognizing that he would hold the concluding determination. # 8220 ; It was the first direct atomic confrontation in history and each adult male was being asked to do a recommendation that, if incorrect and recognized, could intend the terminal of the human race. However, they knew that the duty for the ultimate determination rested with the president. † Despite the fact that he knew this and that the other members of the board did to, he, being wise, missed some of the meetings. He knew that personalities change when he was present and hence, since even strong work forces made recommendations on the footing of what JFK wanted to hear, he was absent for some of the meeting and allowed true sentiments to come out. This shows how JFK was unfastened to all sentiments and that is a feature of a good leader. And even when he was present, everyone was equal. # 8220 ; During all these deliberations, we all spoke as peers. There was no rank, and, in fact, we did non even have a chairman. # 8221 ; He was genuinely a good leader. But finally he had to do a determination. On Friday forenoon, October 19th, the President made up his head. # 8220 ; Kennedy had decidedly made up his head to get down his action against Krushchev with a naval encirclement of Cuba. Even though he had made his determination, he still wanted a consensus of support from the EXCOMM member. # 8221 ; As you can see he was still looking for the sentiment of his companions, neer self-centered about anything. Besides these two last chief points, which show JFK # 8217 ; s diplomatic negotiations and executive determination devising, he had many more positive points to be made for the manner he handled the Cuban Missile Crisis. First and first, Kennedy neer rushed into anything or had a hasty or rash determination about the policy of the US. Furthermor e, John Fitzgerald Kennedy ever kept the state aware of the state of affairs, and through his facile leading, he prevented terror from spliting out throughout the state. He gave the citizens a sense of security by stating them that they would be protected in instance of break. They were in good custodies with JFK. # 8220 ; It shall be the policy of this state to see any atomic missile launched from Cub er against any state in the western hemisphere as an onslaught by the Soviet Union on the United States necessitating a full retaliatory response upon the Soviet Union. # 8221 ; It is clearly apparent that President Kennedy lead the US through a clip of uproar and a clip when every second, the being of adult male was at interest. John Fitzgerald, through good diplomatic negotiations and wise executive determination devising, brought peace to the tense dealingss between the Soviets and the US. JFK remained unagitated throughout the full state of affairs and had many valuable qualitie s which helped the state trade with the Cuban Missile Crisis. He was neer egoistic about anything, he was ever unfastened to sentiments from other members of EXCOMM. He besides sagely missed a few of the meetings which enabled antecedently diffident but powerful work forces to province what they truly thought of the affair. He neer rushed the state into anything, he ever thought before moving. Last, he ever kept the state informed and gave every citizen a sense of security. These are the qualities of a good leader. Finally, he must hold made the right determination because no missiles were of all time launched and peace was restored. The future leaders of America and of all other states worldwide must larn from the Cuban Missile Crisis. The effects of the Atomic Bomb were already displayed at Hiroshima and Nagasaki. Now, in the present twenty-four hours, no reasonable individual could drop a atomic bomb, cognizing that the consequence would be lay waste toing. If the universe were t o travel into atomic war, it would intend the terminal of human being. Groups such as EXCOMM and people such as the president of the United States have likely learned by now that if another crisis fabricated they would be the 1s who would be responsible for the lives of one million millions. # 8220 ; The missile crisis illustrates a procedure where the top determination shapers make a determination # 8221 ; and if it is the incorrect determination it could intend the terminal of the universe. These people in these paramount places need to larn from people such as Kennedy, and how to cover with a state of affairs of such importance, the manner he did. Kennedy, nevertheless, believed there was no miracle determination devising procedure. It takes possibly a batch of fortune and more than merely a few supplications. But as you already cognize, Kennedy was a great leader who handled the Cuban Missile Crisis cleanly.