Power factor

THEME 1 HOW IMPORTANT IS ENTREPRENEURSHIP IN THE DEVELOPMENT AND GROWTH OF THE ECONOMY OF THE COUNTRY? An entrepreneur is someone who is creative and innovative and is able to identify a business opportunity or gap in the market. An entrepreneur is also willing to take a risk in starting up business and is therefore a risk taker. They have belief in themselves that the opportunity that they identified can become real through hard work and commitment. They are prepared to back their business with…

. Moral Panic It is not uncommon for laws to be passed in response to moral panic. A moral panic occurs when events unfold that are seen as a threat to society. All too often, lawmakers react by implementing laws that are made in a hurry and without proper advisement (Wasserman, 2015). According to Wasserman, legislature regarding issues like child molesting, the protection of fetuses, and drugs were passed too hurriedly as the result of moral panics. These solutions are presented to the public…

Have you ever wondered what TV does to children? Or to be more specific, the effects that Reality TV have on children. I have always wondered why my mom wouldn’t let me watch certain shows or movies and now I have a clearer understanding of why. “The Impact of Reality Shows on Children” written by Kevin Bliss was posted on LiveStrong.com and has a message to parents about their children and reality TV. They don’t support it nor do they reject it, they more or less tell you how to handle the…

of the best tools that can be used to assess your current situation is a SWOC, an acronym for strengths, weaknesses, opportunities, and challenges. Strengths and weaknesses are considered internal factors, most of which are within your control. Opportunities and challenges are considered external factors, most of which are outside your control. Your strengths and opportunities are things you can use to help you improve yourself and your life. Your weaknesses and challenges are things you need…

stimulate the release of clotting factors which can stop the bleeding. For moderate to severe hemophilia A or B an infusion from donated blood or genetically engineered products called recombinant clotting factors may be needed to stop bleeding. If the bleeding is serious, the patient may need to receive clotting factor infusions to prevent bleeding. If bleeding is severe multiple infusions may be necessary. For hemophilia C, in Europe there is the missing clotting factor, XI that is available…

path analysis to find the relationships among the variables was a key factor. The sample was significant for the study and the path analysis model because it required a large number of cases and this study had 2,565 participants. The responses from the survey allowed the researcher to use factor analysis to find the types of subscales. It was useful since it allowed finding the most common responses from the participants. Factor analysis creates clusters based on both categorical and continuous…

The term entrepreneurial opportunity would usually presume a profit-motivated event. The adjective entrepreneurial emphasises that the profits are chased through creating a new good and presenting it to the market (Whetten, 1989). Other scholars define the entrepreneurial opportunity as situation that provokes the discovery of new goods, services, production technologies and organizing methods that are able to obtain some economic value in the future (Shane and Venkataraman, 2000). The…

The same is true for those who reject the idea and argue that education is not the only factor that affect production and economic growth. Certainly one can argue for wither side of the debate. However, Schultz’s argument is supported by empirical studies that show there is a direct correlation between education, wages, and the quality of input…

formal plans, centralized leadership and precise intentions. The planned approach is characterized with a specific mission, shared organizational intentions and realization of these intentions. This approach neglects the consideration of external factors such as changes in government policy, customer preferences, and introduction of new technologies (Hamilton & Webster, 2015). Such type of approach cannot be applied in the modern business environment due to non-availability of absolute…

The Mindset of an Entrepreneur P5) Determine the characteristic traits and skills of successful entrepreneurs that differentiate them from other business managers. An entrepreneur is an individual who takes initiative by planning a venture which an opportunity is available for them to benefit from. They are people who supply risk capital as a risk taker, as well as the one who controls and monitors the activities of the business. Entrepreneurs are commonly sole proprietors, a partner or the…