Entrepreneur identifies opportunities for business

Entrepreneur identifies opportunities for business Introduction â€Å"Entrepreneur identifies of opportunities, takes risks and garners resources with an explicit focus on the creation of new products, services, knowledge or ideas ( Shane 2003)†. This article will introduce one of greatest entrepreneurs in China—Ma Yun, the English name is Jack Ma who is the Chairman and Chief Executive Officer (CEO) of Alibaba Group at present, he was a Forbes magazine was founded more than 50 years to become the front cover of the first entrepreneurs in mainland China, as well as won the named Global Leader of Tomorrow. In addition, Jack Ma also served as director of Softbank Group, China Yahoo, Chairman of the Board, Asia-Pacific Economic Cooperation (APEC) Business Advisory Committee under (ABAC) members, Alibaba, Hangzhou Normal University, Business School Dean, director of Huayi Brothers Media Group(http://baike.baidu.com). Background of Jack Ma and his Alibaba.com Jack Ma was born in 15th October in 1964, he hometownisHangzhouZhejiangprovince of China. Hegraduated from Hangzhou Teachers College in 1988, his major is English. After he was becamean English teacher at the HangzhouElectronicEngineeringCollege. In 1995, he has had an opportunity that visited the United States for the first time access to the Internet, which was made a huge shock to him, after returning home, he established â€Å"Chinese Yellow Pages† in Internet. In 1997, he joined the Chinese Ministry of Foreign Trade, the main responsible for the development of Chinese products on its official site and the online trading market (http://baike.baidu.com). In 1999, he seriously considered that he resign from the government offical work. He is one of thefounders of Alibaba.com, to develop e-business applications, particularly in Business to Business (B2B). At present,Alibaba.com is a global inter-enterprise (B2B) e-commerce well-known brands, is the worlds area of international trade within the largest and most active online trading market and the business community (http://tech.sina.com.cn).On the one hand, in order to the success of Alibaba, so that Jack Ma was invited several times to lecture the worlds leading institution of higher learning, including the University of Pennsylvania Wharton Shool, MIT, Harvard and so on. On the other hand, he was invited to Dawos AnnualMeeting have eight timessince 2002. In addition, good location, solid structure, excellent service to make Alibaba the worlds first network has more than 8 million business e-commerce website, over 220 countries and regions around the world every day to businesses and merchants to provide 8.1 million commercial supply and demand information become a global business network to promote the preferred site has been business people as the most popular B2B website (http://tech.sina.com). Outstanding performance by all walks of life to make Alibabas attention. WTO Director-General of Sutherland as the first Alibaba consultants, the U.S. Department of Commerce, the Japanese economy, Trade and Industry, Federation of European SMEs and other government and private agencies to local businesses recommended Alibaba (http://tech.sina.com). Jack Ma founded Alibaba media at home and abroad, and foreign venture capitalists in Silicon Valley hailed with Yahoo, Amazon, eBay, AOL par with the top five business schools on behalf of one of the Internet. It was established to promote the establishment of Chinas business credit, in the fierce international competition for small and medium enterprises has created unlimited opportunities, Let the world is not difficult to do business (Ma 2010). Jack Ma set up the personal auction site Taobao, successfully blazed a unique path localization in China, from the first quarter of 2005 started to become Asias largest personal auction site (http://tech.sina.com.cn). The end of 2009, Alibaba Group Chairman of the Board Jack Ma appeared Xinhua News Agency, and young editors and reporters to conduct a open communication. This allows us to feel close to this young entrepreneur has been hailed as pioneering Godfather charm. His passion, wisdom, humor, as well as signature-style insolent and the Xinhua News Agency, the exciting young editors and reporters asked for the exchange of one climax after another, the applause continued, laughing (Ma 2010). How could do such successful E-business as Jack Ma who do not understand programming, do not understand finance, people do not understand the design, and how to come to an Internet company today, Jakc Ma joked and said that the company someone asked him things, he was 95 percent did not know, he absolutely did not know, but he knows who knows who should know. He said, CEOs ability that they will use someone elses head (Ma 2010). There are two approches to analysishow Jack Mapersonality characteristics make him become a great entrepreneur in the high competitive inforamtion age, including OCEAN and PEST. OCEAN (Openness, Conscientiousness, Extraversion, Agreeableness, Neuroticism) According to Baron and Harringtons the OCEAN diagram shows that the successful entrepreneur have the positive aspects involves Openness, Extraversion, and Neuroticism. However, the negative aspectswhich are disadvantages to the entrepreneur includes conscientiousness and agreeableness (Baron 1981). Firstly, Jack Ma is an openness and Extraversion,because he is open to new experiences, intellectually curious, and asethetically sensitive to did his business— Alibaba, for example, since he first time seen Internet in American, after he back home he already made decision to do business related with Internet, even though during that time he did not have any knowledge about Internet. Secondly, through Jack Mas presentations, magazines, and blogs. It can be clearly that Jack Ma who is a Creative management, which means that â€Å"being more creative yourself or managing others so that they can be more creative or ensuring that the system that is being managed operates more creatively (Henry 2001)†.For example, in 1999 when he leading his team started the E-business, he did not know the professional knowledge about Internet and computer, he just got idea, but he believe that Internet will become the main business method during in the 21st century. Although Jack Ma believe that himself is an idealistic,self-confident and ambition person, he is an openness, extraversion, and neuroticism.Jack Matends to take risks, challenges assumptions, and abrasive person. Namely, when he determined do Alibaba.com, his team group have 24 people, only one agreed with his idea, the other 23 people disagreed his purpose.Howeverthese problems did not stopped his planning, he still persisted him way to did Alibaba.com and gained great successful(http://tech.sina.com.cn). Thirdly, Jack Ma is a convergent thinking which is the process of converting all of the general ideas—the goals and non-specific solutions—into the specific solutions that form an application.For example, in Alibaba.com people have word right, they can argue with the manager, they can creative new way to do business, and the com he has the idea how to do the business, while he did not understood how to do the specific and specilist job. Lastly, JackMa, he described himself that he is an idealist, his romantic idealism of this complex has also brought into Alibaba, Jack Ma said that Alibaba and other companies in addition to its assessment of the difference is outside the employees performance, but also the staff appraisal mission and values. In the future, but also add an index: Social welfare (http://yunma.blog.china ). As well as Jack Mas motto is that â€Å"Today is very cruel, more brutal tomorrow, the day after tomorrow is very beautiful, but most of the people who died in tomorrow night, only those who can see the real heroes of the day after tomorrow the sun (Ma 2010)†. This is reflected that although his mind is idealization, his action is more powerful, realistic and as firm as a rock. He has strong persist in his Internet dream on the road. Alibabas values which is not only the companys value, but also is Jack Mas and his team groups value. Such as the company take policies First: focus on the customers concern, to provide customers with advice and information to help customers grow. Teamwork: Shared-sharing in order to complete the big or small, Embrace Change: Breaking through the self, to meet the changing.Integrity: honesty, integrity, keep its promises.Passion: Never give up, optimism up. Dedicated: a professional attitude and the usual state of mind to do extraordinary things (http://page.china.alibaba.com). PEST (Political, Economic and Environment, Social, Technology) factors According to Belbins acknowledges that â€Å"the preferred role is linked to reasoning ability, personality charateristics, personal values, learned behaviours, and the priorities and processes of the managers job (Belbin 1993)†.For example the Alibaba.com catched the best opportunities to set up E-business on Internet. The Value perspect= permission, ideas and realistic connected together Social responsibility Charity, environment Political Customer, employees, stakeholders Secondly, The entrepreneurs organization Team group, trust, loyalty, goal, adhere to for example in 1999, 18 people organiza Alibaba. No money, no Lastly, The external environment: economic problem, social problem, Creaitve new way to management the future, open, share, responsble, globlization. Conclusion Alibaba the next one tenth anniversary of the three objectives: First, they want to the worlds 10 million small businesses to provide equal platform; second, to create a million jobs; Taobao online last year, the direct creation of employment opportunities At 1.7 million, 180 million per year, an increase of 2.5 million logistics industry, many employees because Taobao; third, one billion people worldwide consumer platforms. The world is needed is a more open, more sharing, more the responsibility of the social needs of a community-oriented enterprises, and from the community and serve the society for the future of social responsibility of business is full of responsibility, the world needs is a kind of spiritual , a culture, a belief, a dream.

Economics Question Jaibb

PAPER 6 : ACCOUNTING FOR FINANCIAL SERVICES Full Marks : 100 Module A: Introduction and Environment †¢ Purpose, Nature, Uses and Users of Accounting Information, Functional and Operational Definition of Accounting, Accounting Principles, Standards and Regulations, Forms of Business Organizations and Accounting systems. Module B: Analysis of Financial Statement †¢Objectives of Financial Statement Analysis, Financial Statement Analysis, Horizontal and Vertical Analysis, Comparative Financial Statements, Communize Statements, Financial Ration Analysis, Trend Percentage, Specialized Analysis, Cash Forecasts, Analysis of Changes in Financial Position, Break-Even Analysis, Cash Flow Statement, Unadjusted Trial Balance and Adjustments. Module C: Processing and Recording of Accounting Information †¢Transaction, Analysis of Transaction, Accounting Cycle, Recording of Transaction, Double Entry System, Golden Rule of Debit and Credit, Posting of transactions to the Ledger, T Form and Multi Column Ledger, Preparation of Cash Book, Single Column, Double Column and Triple Column Cash Book, Preparation of Trial Balance, Suspense Accounts, Reflection of Errors Adjusting Entries and Closing Entries Accrued and Deferred Revenue and Expenses. Module D: Financial Statements for Different Entities †¢ †¢ †¢Service, Merchandise and Manufacturing Operation: Income Statement, Cost of Goods Sold, Cash Flow Statement, Balance Sheet, Limitation of Balance Sheet. Partnership and Joint Stock Companies: Specific Characteristics of Financial Statements of Partnership – Capital Account, Current Account, Profit and Loss Adjustments Account. Distinguishing Characteristics of Financial Statements of Companies. Banks and Other Financial Institutions: Provisions of Bank Company Act, 1991 (with Amendments), Preparation of Profit and Loss Account and Balance Sheet of Banks.Provisions of Financial Institutions Act, 1993 (with Amendments), Preparation of Profit and Loss Account and Balance Sheet of Financial Institutions. Module E: Accounting for Assets †¢ Current Assets: Inventory Valuation, Periodic and Perpetual Method for Ascertaining Closing Inventory, Average, Last In First Out (LIFO), First In First Out (FIFO), Account Receivables. †¢ Fixed Assets: Depreciation Methods, Recording of Depreciation, Valuation of Fixed Assets, Depreciation as a Cost Allocation. Module F: Journal Rules for Journalizing †¢Different Types of Journals, Sub-Division of Journals, Posting of Accounts, Ledger, Interpretation of Ledger Account, Writing of Different Types of Cash Book in Columnar Form, Imprest System of Petty Cash, Bank Reconciliation System, Journal Proper. References 1 2 3 4 5 Anthony, Reece – Accounting Principles (Richard D, Irwin, Inc. U. S. A. ). Anthony, Robert N. – Essentials of Accounting (IRWIN, U. S. A. ). Harmenson, Edwards, MAHER – Accounting Principles (IRWIN, U. S. A. ). Khan, Md. Mainuddin – Advanced Accounting (Ideal Library, Dhaka). Weygandt, Kieso Kell – Accounting Principles (John Wiley and Sons Inc. U. S. A. ).

Human Existence Essay

1. The origins of the majority of human existence in North America began with migrations from Eurasia over the Bering Strait. 2. The first truly complex society in the Americas was that of the Olmec. 3. Cahokia was a large trading center located near what present-day city? St. Louis. 4. The agricultural practices of pre-Columbian tribes in the Northeast were characterized by a rapid exploitation of the land. 5. The preeminent European maritime power in the fifteenth century was Portugal. 6. Christopher Columbus  thought the world was much smaller than it was in reality. 7. Amerigo Vespucci  helped popularize the idea that the Americas were new continents. 8. What European explorer gave the Pacific Ocean its name? Ferdinand Magellan 9. Encomienda was  the right to exact tribute and labor from natives. 10. The first permanent Spanish settlement in what is now the United States was St. Augustine. 11. In what way did sixteenth-century Europeans benefit from trade between the Americas and Europe? A large number of new crops became available in Europe. 12. Which of the following was NOT introduced by Europeans to the New World?  Corn. 13. The portion of west Africa that provided the majority of slaves for the Spanish Empire of the sixteenth century had well-developed economies and political systems. 14. African and American Indian societies tended to be matrilineal, which means that people traced their heredity through their mothers. 15. In the fifteenth century, slavery in Africa  generally allowed certain legal protections to the enslaved. 16. The European countries that controlled the African slave trade did so in which chronological order, from earliest to latest? the Portuguese, the Dutch, the English 17. What condition in England in the sixteenth century provided an incentive for colonization? The availability of farmland was declining, while the population was growing. 18. In what way were Martin Luther and John Calvin important to English Puritans? Luther and Calvin advocated ideas of religious reform that influenced Puritan thought. 19. The teachings of John Calvin  produced a strong desire among his followers to lead lives that were virtuous. 20. The English Reformation resulted from  a political dispute between King Henry VIII and the Catholic Church. 21. The English concluded from their colonial experiences in Ireland that English colonists should maintain a rigid separation from the indigenous population.

The Three Waves of Feminism - 1223 Words

The Three Big Waves of Feminism First-Wave Feminism: Women’s Right to Vote In 1776, the then First Lady of the United States was the first to raise her about women’s rights, telling her husband to â€Å"remember the ladies† in his drafting of new laws, yet it took more than 100 years for men like John Adams to actually do so. With the help of half a dozen determined, and in this case white upper-middle-class, women the first-wave feminism, which spans from the 19th century to the early 20th century, finally led to their goal after 72 years of protesting. The Nineteenth Amendment, which secured the rights for women to vote finally passed in 1920. This grand victory brought other reforms along, including reforms in the educational system,†¦show more content†¦They showed that women, too, could become political. Women from Rosa Parks to Coretta Scott King made political protest seem necessary and encouraged many women all over America, regardless of race and ethnic background, to speak up for their rights. It was the feminist movement’s turn then to get real personal and by getting real personal it didn’t get any less political. Women had enough of the sexual harassment and domestic violence going on behind doors, of being kept out of law and medical schools and thus being restricted to low paid jobs, of being confined not only in domestic but also in public spheres. To make it short: women had enough of being looked down at. With these problems the key demands of this movement were: â€Å"the right to safe and legal abortion, the right to accessible and affordable childcare, and the equal opportunities in education and employment†. Another demand was more support of battered womens shelters, and changes in custody and divorce law. This wave of feminism brought up the most of changes regarding women and laws. Affirmative Action rights for women were extended and acts like the Women’s Educational Equity Act, which allowed educational equality for women, the Pregnancy Discrimination Act, which prohibited â€Å"sex discrimination on the basis of pregnancy†, were passed. Amongst these acts a law passed in 1975 that required the U.S. MilitaryShow MoreRelatedThree Waves Of Feminism Essay1406 Words   |  6 PagesA Brief History Of The Three Waves Of Feminism Seeing the title the first thing that comes to our mind is â€Å" What is Feminism†? feminism is a belief where a woman s needs and their contributions are valued. It’s based on the social, political and economical equality for women. It is also described as a movement. Where women are fighting for their right since evolution. Now, what about the word â€Å"wave†? 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