Pros And Cons For Each Business - 936 Words

When starting a business you have to weigh out the pros and cons for each business. There are many different types of businesses. Some examples are partnerships, corporations and limited liability companies. A partnership is an association between multiple people to carry out a business with the view for profit. If managed correctly, partnerships can have many advantages. One such advantage is the split profits of the business. Each partner receives a proportion of business profits that are specified in the partnership agreement. This prevents one person from obtaining all the profits. Another advantage is that each property acquired by a partnership is the property of the partnership and not each individual partner. Therefore, if you owe a creditor money, you cannot sell the partnership property to clear off your personal debt. In addition, partnerships are immune to taxes. If your business is a pass through entity, the business will have no tax liability. Instead, business profits will go to the owners and they will have to pay taxes on their income. You have the option to dissociate from a partnership if you choose to do so. When this happens, your partners will purchase your interests and will continue the business without you. With so many advantages, there would be little thought to the disadvantages. Partnerships can be dreadful at times. They have many disadvantages. For example, if your business were to incur a loss, the loss will be split amongst you and yourShow MoreRelatedPartnership686 Words   |  3 PagesPartnership vs Sole Proprietorship March 11, 2014 Thinking about starting your own business? Do you prefer to work alone? Or do you prefer to work with a partner? If you choose to work with a partner then the best business structure for you would be the partnership structure. First you must ask yourself; do we have the same vision or objectives on how to run the business? Are we able to communicate well with each other? Most important question of all, do you trust this individual? If two of theseRead MoreVw of America Managing It Priorities1683 Words   |  7 Pagescost to the company. This could have been a major deciding factor as the company estimated the cost of all business projects to be $210M and only had a budget of $60M. This type of outsourcing is also limiting the knowledge of the company’s past IT roadblocks as many or all of the long term associates have left the company during the transitions. This transitioning allowed each of the business units to begin to develop their own relationships with web developers over several years in an effort to bypassRead MorePros And Cons Of Tariffs1127 Words   |  5 Pages Pros and Cons of Tariffs Principles of Macroeconomics Columbia Southern University BBA-2401 Angelo Jones Managing the how goods and services enter or leave this country (import/export) is an important process that allows for us to control the economic status of our nation. Sometimes imposing tariffs on the goods imported balances our labor cost, resources and government supported industry. A tariff by definition is a tax or duty to be paid on a particular class of importsRead MoreEmr Innovation for Rvs Essay1620 Words   |  7 PagesSuccinctly describe the real product that EMR is attempting to market * Eric Reynolds and Mary Reynolds are a young couple that formed their love over RV’s (recreational vehicles) into a profitable business. In 1995, the Reynolds opened an RV repair business out of their home and by 1999 the business was large enough to allow them to open their own shop in Amana, Iowa. On 2002, Eric Reynolds came up with innovative products that helped or repaired RV deficiencies. They though that one of their productsRead MoreThe Case Of The Smithson Family1250 Words   |  5 PagesIntroduction The memo that was constructed for the Smithson family will provide an in-depth summary regarding the direction the family should go into starting their business. Within this memo a detailed analysis will provide a layout to expand their company globally and continue to grow at a steadfast pace. The seriousness of the widget invention that was constructed is revolutionary to say the least. The primary concern that Gloria Smithson has expressed is in regards to the personal liabilitiesRead MoreThe International Financial Reporting Standards Essay831 Words   |  4 PagesPrinciples (GAAP). There are some key differences between the two. The main difference being, the IFRS is considered more of a principles based accounting standard whereas, U.S. GAAP is considered to be more rules based. Each set of standards has their own pros and cons. However, there are many financial reporting problems related to not having one common set of accounting standards for everyone. To help solve this issue the two boards have proposed a convergence. Convergence of the U.S. GAAPRead MoreSleep Well Motel1508 Words   |  7 PagesCase Study #1 The Sleep Well Motel In April 1990, Will Shelton was evaluating information received from the owner of a motel that was for sale in Fort Morgan, Colorado. Will had answered an ad in the Wall Street Journal under the heading â€Å"Business for Sale.† To Will’s surprise, he received a call directly from Hank Bennington, the owner of the Sleep Well Motel of Fort Morgan, Colorado. During the conversation, Mr. Bennington described his motel and his reason for wanting to sell. He also describedRead MoreBetty1052 Words   |  5 PagesDeciding which way to start up a business is often a very difficult decision. The pros and cons of each choice must be considered before a decision can be made. First, Betty must decide whether to operate her new business as part of a franchise or not. She has already had offers from franchises that offered to provide her and her staff with any training needed. Other potential benefits from operating as a franchise include a proven recipe for success and access to financing if needed (WilmingtonRead MoreBusiness Formations : The Legal Environment1143 Words   |  5 PagesGloria Smithson +++ Linda Plowman DeVry University Sep 21, 2014 Table of Contents Introduction 3 Business Formations Identification 3 Business Formations Definition 4 Pros and cons 5 Conclusion 7 References 8 â€Æ' Introduction This memo is about providing to Smithson’s family a summarized and explanatory paper that will advise them regarding their will to create a business, which will be able to grow steadily and feasibly expand globally. Due to the nature of their invention, whichRead MoreWho Is An Entrepreneur?1519 Words   |  7 Pagesto run a small business and assume all the risks and prize of a given business venture, goods or services offered for sale. The entrepreneur is usually seen as a business pioneer and innovator of new ideas and business practices. Now, if I am to define what entrepreneurship is, it’s just like been my own boss. There are many ways one can take to get there. I thought it may be helpful to explain the most common ones here, together with some open discussions on the pros and cons of each. This is not

An Alcoholic Societal Views Vs. Reality - 1103 Words

An Alcoholic: Societal Views vs. Reality One of the oldest forms of social miscreant is the drunkard. When the term alcoholic is used visions of a feeble old man, in dirty clothing, unshaven, smelly and clutching a brown paper bag that houses his poison. He is pathetic, weak willed, he does not care for his loved ones or for himself. In recent times this term has broadened. Some would even be proud to be labeled an alcoholic. Societal ignorance is twofold when it comes to alcoholism, in order to understand Alcoholism properly we must consider both the disease and the treatment. In 1956 the AMA (American Medical Association) classified Alcoholism as a disease. The association’s definition of alcoholism is a primary, chronic disease with genetic, psychosocial, and environmental factors influencing its development and manifestations. In this case the term â€Å"primary† is used to indicate that it is a disease that can lead to other diseases such as Cirrhosis, Liver Cancer and Diabetes. The AMA characterizes Alcoholism by: 1. Extensive periods of heavy alcohol consumption. 2. Inability to control or stop drinking once it has begun. 3. Physical withdrawals symptoms when not drinking such as; shaking, elevated blood pressure, sweating and seizures. 4. Increased tolerance to alcohol. Having to consume larger amounts to have effect. 5. Development of social/legal problems as a result of behaviors caused by drinking. The definition includes that Alcoholism is in part caused byShow MoreRelatedAlcoholism a Social Problem?1593 Words   |  7 Pagessettlement. Due the possibility of alcohol abuse, the commonwealth of Virginia enacted the first law in 1619. This law was not against the use of alcohol, but against drunkenness. In fact, the society of that time was less concerned with drinking alcoholic beverages, as they were with the effect of drunkenness on one’s ability to care for their children, perform their duties and report for work. Alcohol served several purposes during the Civil War. It was used as an anesthesia, because it was lessRead MoreCritical Ethical Issues in Todays Challenging Business Environment1904 Words   |  8 Pagesbusiness partners or investors, and supply chain members. Therefore, it is imperative for them to keep themselves on the ethical path and perform as a socially and environmentally responsible corporate entity (Groucutt, Forsyth, Leadley, 63). Keeping in view the significance of ethical marketing, researchers have highlighted some core areas on which business organizations should focus in order to avoid criticism and negative consequences in the future. Financial Objectives and Social Welfare must go sideRead MoreSelf-Alienation to Self-Adjustment: Arundhati Roy’s The God of Small Things and Kiran Desai’s The Inheritance of Loss2001 Words   |  8 PagesArundhati Roy’s The God of Small Things and Kiran Desai’s The Inheritance of Loss are two such novels that explore the tragedy of man on several levels using different perspectives. Both the novels are about averted culture-clash tragedies, homogeneity vs. heterogeneity, and about Indian sensibilities. This paper attempts to examine the fictional projections of Indian girls, to see how they emerge in ideological terms. Their journeys from self-alienation to self-adjustment, their childhood strugglesRead More Their Heaviest Burden : Fear, Upbringing And Moral Supremacy As Societal Divisors2476 Words   |  10 PagesThomas Maye Mrs. Plackowski AP Language and Composition G 6 June 2015 â€Å"Their Heaviest Burden†: Fear, Upbringing and Moral Supremacy as Societal Divisors Throughout history, philosophers have debated the nature of man as good or evil, and the texts To Kill a Mockingbird, James Whale’s Frankenstein (1931), and Vietnam War memoir The Things They Carried all detail this philosophical debate. It is argued that man is inherently of one moral fiber or another, predispositioned towards one natureRead More Culture of Fear Essay4396 Words   |  18 Pagesconcept, and an interesting one at that. However, Frank Furedi comes off to me as little more than a fear monger and an intellectual elitist. His book, to me, seems redundant more often than not. But sometimes part of college is learning about points of view that you may not agree with, so I tried to maintain that perspective when I read the book. Our assignment for class was to read the book, and every week or so we would write a reading log about a particular chapter. This was beyond a doubt a veryRead MoreSociological View on Deviance and Drug Use Essay8777 Words   |  36 PagesIntroduction What can a sociologist tell us about deviance, and drug use that we do not already know? If there is anything distinctive about the sociologist view, it is their emphasis on social context. One of the central ideas of all human experience is meaning. Meaning is something imposed and socially made-up, and has two features: it is both external and internal. Meaning is assigned externally to objects and behavior by social cooperation. But it is also assigned by the individualRead MoreTracing Theoretical Approaches to Crime and Social Control: from Functionalism to Postmodernism16559 Words   |  67 Pages. 33 Neo-Marxist Critical theory: The Frankfurt School.................................................. 34 Structural Marxism ..................................................................................................... 35 Post-Modern Views on Crime in Neo-Marxist Criminology ..................................... 40 CHAPTER 4 ..................................................................................................................... 42 FOUCAULTS SYSTEM OF POWER AND DISCIPLINERead MoreOrganic Milk: Attitudes and Consumption Patterns6587 Words   |  27 Pagesassociated internal and external factors within this area, and their impact for marketing managers. Helene Hill and Fidelma Lynchehaun The organic market At a time when most food markets are affected by the debate on ``Every day low price (EDLP) vs Regular Price Promotions , the organic food market is booming despite low levels of advertising. Consumer demand for organic food continues to grow as current organic consumers buy across different organic food ranges and new consumers are enteringRead MoreCRM 1301 Midterm uOttawa Carolyn Gordon Essay10218 Words   |  41 Pagesundesirables/deviants Religious Control – More shame than pain The Ducking Stool, Brank, Branding Socially Constructed Problem: The Moral Panic Moral panic: Occurs when a condition, episode, person or group of persons is defined as a threat to societal values and interests Moral entrepreneurs: can be an individual, group, or a formal organization who takes the responsibility to persuade the society at what is more important in terms of laws. Folk devils: groups that vise to be a threat to societyRead MoreAin t No Making It Chapter Summaries Essay9177 Words   |  37 Pageshand have more parents and siblings who graduated high school and attended at least some college, more have father figures living in the house, and their average time living in Clarendon Heights is less than the Hallway Hangers. The Hallway Hangers view their own job experiences and those of their family members as foreshadowing for their own future jobs and contribute to an entrenched cynicism. They believe their preferences will have no bearing on the work they will actually end up doing. To this

ICT Professional Practice and Ethics for Centered - myassignmenthelp

Question: Discuss about theICT Professional Practice and Ethics for Work Centered. Answer: Introduction: WCA or Work Centered Analysis is a method which is used for the purpose of looking into the various internal work processes of a company by the professionals. This report is mainly associated with describing the WCA approach that the fashion industry has adopted after and before the occurrence of the digital disruption event. The main goals of the digital disruption has also been discussed in this report. The WCA approach helps in reducing the various types of difficulties faced by the company (Peppard and Ward, 2016). This type of analysis is mainly conducted whenever the situation is complex and complicated. A concise view of the fashion industry has been provided in this report. The report also identifies the various problems along with providing details about various products, participants, technology, information, business processes and customers. Case study: The business case that has been chosen for this report is fashion industry. There exists different types of effect over the fashion industry before as well as after the occurrence of the digital disruption event. Digital disruption is something which can be considered as an alteration and generally occurs whenever a new model is added to the business. Because of the addition of the digital technology a vast effect has been imposed over the various propositions of the different kinds of events that are existing at the current stage. Along with the advantages of the digital disruption there exists several types of problems which has raised in the fashion industry. In the world of modernization almost each and every company of the world is maintained digitally due to the constant changes that are taking place in the digital world and the providing of the facilities by the digital disruption makes this digital disruption very much important for every companies. Work Centered Analysis: Work Centered Analysis: Before Occurrence of Digital Disruption The WCA of the fashion industry before the occurrence of the digital disruption has been described in this report. The major three elements of the WCA includes the customers, products and processes. The processes are further classified into three other elements and this includes the participants of the process, information about the process and technologies that has been used for the processes. The first element includes the customers and there exists two types of customers internal and external customers (Black and Edwards, 2015). The internal customers mainly includes the people who are related to the company and this category includes the suppliers, people involved in the shipping department, workers, managers and others. And the external customers mainly includes the customers who are interested in buying various products from the industry. The customers are mainly dependent on the stores and also the traditional work environment of the fashion industry. The second element includ es the products or the services which are generated. The product or the services by the fashion industry generally passes through various processes and this mainly includes the information about various types of products that are displayed, purchased and delivered through the various fashion outlets (Mcintyre, Melewar and Dennis, 2016). The third element include the business processes and this is mainly done by going through the stores selection of the outfits from different types of products, taking trails in the stores, billing of the orders and lastly the customers takes the product home. This processes are further classified into parts. The first element of the process includes the participants and the participants mainly includes the customers who come to the store and are interested in buying the products (Gregory, 2015). The second element includes the information and information is provided by the staffs of the store and enquiries related to various matters. Thirdly the tech nology which mainly includes the traditional computers. Work Centered Analysis: After Occurrence of Digital Disruption As discussed earlier the first element of the WCA is the customers. There is a reduction in the number of internal customers and this has been done only or shipping in order to deliver the need of the internal customers. From the perspective of external customers internal customers is a virtue. There is no fixed external customers as the online outlets can be viewed by anyone. And there is no guarantee that the peoples will be buying the products (Knickrehm, Berthon and Daugherty, 2016). The gap that existed between the internal and the external customers is also reduced. The second element is the product or the services which is generated. The products or the services generated by the advanced technology which might include the changing rooms or shops having automatic cashiers (Peppard and Ward, 2016). This changes are due to the digital disruption. The third element includes the business processes. The whole industry is associated with operating online and people have to log in in order to buy products or to enquire about the product. The next step involves the looking into various products and this helps the people in understanding which products to buy. The customers then have to make the choice which product they would buy or not. Lastly the customers bill the orders and then the product is dispatched from the warehouse for online orders, this is initially followed by preparation of the product by the shipping department and ultimately sends the product to the customer and the customer receives the product. The internal customers are associated with providing various information by use of the online platforms (Ardolino, Saccani and Perona, 2015). The new technologies used after digital disruption includes the use of internet, internet of things and social media advertisements and many more. Effects on the Fashion Industry: The above discussed WCA has helped in gaining an insight about the various effects of the digital disruption over the fashion industry. There exists both positive as well as negative impacts of the digital disruption. The positive impact includes the following: The interactions with the customers and the business has become much easier due to the presence of the social media platforms and many more. This social media platforms include the Facebook, Instagram and Twitter and they are used on a daily basis and the external customers are much more dependent on the social media platforms rather than on the information provided by the internal customers. Social media helps a lot in reaching a large number of customers. The preference of the social media conversations is much more preferred than the phone based conversations. The rise of mobile application has also affected the fashion industry (Ahvenniemi et al., 2014). Due to the reason that people are becoming much more tech savvy that they prefer to shop anytime from anywhere. This has initially made fashion industry much more profitable. This involves the visual search and is going in the main stream as people are capable of filtering their searches. The visual search involves the use of color, shape, size and the frequency so as to find similar types of products. This technology is very much helpful in getting the right product by the customer without any wastage of the time required for choosing of the product from a list of product. This technology has been rapidly accepted by the fashion industry as it provides frequent searches which contains similar products. The virtual change rooms and this is the biggest bon of the fashion industry. The virtual changing rooms which might include the virtual changing rooms or 3D body scanners which is increasingly being used by the fashion industry with introduction of software tools which compares the size and creates avatar and sizes which are adjusted to the avatars. There are several negative impacts as well and this includes the following: The first one involves the introduction of the Netflix and this arrival has made a huge negative impact on the local consumers as well as on the business and the Netflix have become a sensation now. Additionally this introduction has also a positive impact on various competitors like the Foxtel and the Channel Nine. Various highly brands like the Spotify, AirBnB, Uber, Whatsapp and Twitch have been forced in adopting the event of digital disruption so as to alter their industries and also motivate the changes across the whole globe. Second of all it includes the transparency of the retailers (Barrett et al., 2015). There exists great responsibility about providing the authenticity to the customers due to the fact that authenticity is much more important than the communication. Thirdly include the effects on the small industries which is much more than the effect on bigger brands. The small industries are not capable of using the potential of the digital disruption due to the fact tha t the annual revenue of the small industries are not sufficient so as to afford the advanced trends of digitalization. Recommendations The following portion of the report involves the recommendations regarding the effects of the digital disruption in the fashion industry: There is a need of detailed insights by the companies and should also understand the effects of digital disruption in the market and should also understand the impact in future decisions. This would greatly help the fashion industries in knowing their strong areas and weak areas where there is a need of development. The analysis of the business is to be done by considering the present and future perspective in order to evaluate the sections where digital transformation can be effectively used. The acceptance of digital disruption is to be done from the perspective of interest and choice of the consumers. For the purpose of better production the tracking of the interest in products and services of the customers should be taken into account so as to produce in a better way. All new trends should be monitored and introduced in the operations of the business operations along with testing of the modifications in the business operations should be done and should also be capable keep up with the business strategy. Conclusion The above report helps in concluding to the fact that digital disruption has great impacts over the fashion industry which can be either positive or negative. The digital disruption might affect the small as well as the large sector. The effect of digital disruption has been evaluated using work centered analysis approach. The above recommendations helps in understanding the possible solutions in order to deal with the event of digital disruption and what are the necessary steps that the company should adopt in order to get better economic development. References: Ahvenniemi, H., Finley, B., Estrada, A.H. and Kki, A., 2014. 2.3 Creative industries and bit banghow value is created in the digital age.Research Gate. Ardolino, M., Saccani, N. and Perona, M., 2015, May. The Impact Of Digital Technologies And Ecosystems On The Servitizazion Of Companies: A preliminary Analysis. InProceedings of the Spring Servitization Conference. Barrett, M., Davidson, E., Prabhu, J. and Vargo, S.L., 2015. Service innovation in the digital age: key contributions and future directions.MIS quarterly,39(1), pp.135-154. Black, S. and Edwards, M.J., 2015. What's Digtial about Fashion Design? Fashion, Technology and the Digital Economy. Gregory, J., 2015. The Internet of Things: revolutionizing the retail industry.Accenture Strategy. Hartmann, B., King, W.P. and Narayanan, S., 2015. Digital manufacturing: The revolution will be virtualized.McKinsey Quarterly, Aug. Hauck, M.M. and Hienerth, C., 2016, August. The Role of Bloggers in Business Ecosystems-Investigation of Open and User Innovation Processes in the Fashion Industry. In14TH INTERNATIONAL CONFERENCE(p. 172). Knickrehm, M., Berthon, B. and Daugherty, P., 2016.Digital disruption: The growth multiplier. Accenture Strategy, Tech. Rep. Mcintyre, C., Melewar, T.C. and Dennis, C. eds., 2016.Multi-Channel Marketing, Branding and Retail Design: New Challenges and Opportunities. Emerald Group Publishing Limited Peppard, J. and Ward, J., 2016.The strategic management of information systems: Building a digital strategy. John Wiley Sons.

Ralph Emerson Essays - Lecturers, Transcendentalism, Mystics

Ralph Emerson Ralph Waldo Emerson "...was truly one of our great geniuses" even though he may have a short biography (Hodgins 212). But as Emerson once said himself, "Great geniuses have the shortest biographies." Emerson was also a major leader of "the philosophical movement of Transcendentalism". (Encarta 1) Transcendentalism was belief in a higher reality than that found everyday life that a human can achieve. Biographical Information Emerson was born on May 25, 1803 in Boston, Massachusetts. His father died when he was young and his mother was left with him and his four other siblings. At the age of 18 he graduated from Harvard University and was a teacher for three years in Boston. Then in 1825 he entered Harvard Divinity School and preached for three years. At the age of 29 he resigned for ministry, partly because of the death of his wife after only 17 months of marriage. In 1835 he married Lydia Jackson and started to lecture. Then in 1836, he helped to start the Transcendental Club. The Transcendental Club was formed for authors that were part of this historical movement. Emerson was a big part of this and practically initiated the entire club. As we know he was already a major part of the movement and know got himself involved more. Many people and ways of life throughout his career including Neoplatonism, the Hindu religion, Plato and even his wife influenced Emerson. He also inspired many Transcendentalists like Thoreau. Emerson didn't win any major awards, but he did win the love and appreciation of his readers. Literary Information Emerson wrote many genres of writing including poetry and sermons, but his best writing is found in his essays. Even though he is noted for his essays, he was also a strong force in poetry. Emerson was known for presenting ideas in an expressive style. He wrote about numerous issues including nature, society, conspiracy and freedom. After returning to America after a visit to England, he wrote for the abolitionist cause, which was eliminating slavery. Emerson used these ideas in his 1837 lecture "The American Scholar," which he presented before the Phi Beta Kappa Society of Harvard. In it he talked about Americans becoming more intelligently independent. In a second address, commonly referred to as the "Address at Divinity College," given in 1838 to the graduating class of Cambridge Divinity College, brought about a problem because it attacked religion and pushed independence. Some of Emerson's famous titles are "Essays", which was published in 1844, Poems, which was published in 1847, "Nature: Addresses and Lectures", 1849, and "Representative Men", 1850. In 1860, he published "Conduct of Life", which was the first of his works to receive immediate popularity. In these works you were able to see the influence Plato and Neoplatonism had of him. "Plato was an ancient Greek philosopher. He developed the notion of a higher reality that exists beyond the powers of human comprehension. Plato explained that the idea of absolute goodness transcends human description. Neoplantonism was a collective designation for the philosophical and religious doctrines of a heterogeneous school of speculative thinkers who sought to develop and synthesize the metaphysical ideas of Plato" (Encarta). Ralph Waldo Emerson found motivation to write in anything he did, whether it was visiting England, the Transcendental Movement or if it was abolishing slavery. He didn't receive much fame during his lifetime, but after he passed away in1882, he was remembered for all of his writing, not just one good essay. "Emerson was the most important figure during the Romantic Period" (Myerson 3). He left his mark on writing, especially the Romantic Period. Bibliography "Emerson, Ralph Waldo." Microsoft Encarta. CD-ROM. 1998 ed. "Emerson, Ralph Waldo." Lkd. Columbia University Homepage, at "ILT Web." *http://www.ilt.columbia.edu/acedemic/digitexts/emerson/bio_emerson.html * Hodgins, Francis. ed. Adventures in American Literature. Orlando: Harcourt, 1989. Myerson, Joel. "Ralph Waldo Emerson." Grolier Encyclopedia. CD-ROM. 1993 ed.