The Business Lifecycle Personal Statement Example | Topics and Well Written Essays - 1000 words - 1

The Business Lifecycle - Personal Statement Example I have been very keen on how businesses are started and what entails the whole startup process and I have found out that one of the most important issues to be tackled is the legal issues. I was thinking like there was no problem provided that the business I’m intending to start is a legal one, but to my surprise, my research has shown me otherwise. Company law, a book by CR, Datta, clearly shows that there are a lot of legal issues to be looked into before a business is allowed to operate. Some of them are the registration of the business name, application for health and sanitary permits and seeking permission for building premises to be used by the business. The business should also adhere to Acts and statutes governing what they practice. A look into the Horizon Electronics business plan also confirmed the same to me since they have clearly documented their adherence to the relevant regulations, registration, and drafting of contracts. In my research and coursework, I have also learned that a business has to undergo various stages before it is termed as mature. Charlie Gilkey in his book the business life-cycle offers an overview of stages of a business life cycle. He names them as the inspirational stage where an entrepreneur has a business idea but has not yet implemented it, the entry stage where then entrepreneur has decided to start a business and is actively building the market, the growth stage where the entrepreneurs have a business plan and are growing their revenue streams with new clients and customers, the crucible stage where the demand for goods and services outstrip the entrepreneurs ability to meet them, and finally the cruise stage where the entrepreneur has found solutions to the problems and is moving ahead (Gilkey, 2010). In my view, business requires a lot of hard work and sacrifice especially in its initial stages of development. This is because I have come to learn that there are many challenges associated with this stage of a b usiness. One of the major challenges is that of finding a market for your output. It is a fact that without a market for the output, the core objective of doing business: making profits will not be attained. Proper market research (an organized effort to gather information about customers) should, therefore, be performed before the business is commenced. I tend to believe that it is very essential for this to be done keenly because it also gives an outline on how to market the product. Market research also provides information about the prevailing market trends in the industry and the current market prices for similar goods.  

Nigerian politics and culture Research Paper Example | Topics and Well Written Essays - 2000 words

Nigerian politics and culture - Research Paper Example Corruption is one of the problems that all countries around the globe are fighting with. It is evident from research that every country currently has formed a commission of enquiry to investigate on corruption, hence proving the challenge as a drawback. It entails the diversion of public/ proprietors funds or property into private ownership without the owners consent. Corruption encompasses rampant issues that should be duly defined to create a comprehension of its concepts to every individual in order to effectively curb the problem. More over, recent research has really focused on establishing the major causes of corruption, which include; poor government policies, endowment of natural resources, culture, politics as well as sociological factors. Furthermore, great impacts are experienced in a society dominated by corrupt enabling systems. These include an overall economic recession, inadequacy of peace and unity, wastage of time etc. However, the style and path corruption takes di ffers in different contexts depending on the root cause, control methodologies employed etc. Nevertheless, Nigeria has been long known for its extraordinary domination by corruption of all forms (Izibili and Aiya, 2007). The discussion in this paper offers a comprehensive research on corruption in Nigeria. Provision of a general overview of corruption and its definitive issues is vital in this case. It will also give a recap on nature and characteristics of corruption in Nigeria. More over, it will seek to establish the causes as well as the impacts of corruption in Nigeria. An overview of corruption and definitive issues Corruption is a form of funds or property misappropriation within an organization/ government or even between individual partnerships. It involves the process of securing power or material wealth through illegal means by individuals for personal gain. In the broad sense of view, two parties (a supplier and a demander) are often involved in a corruption deal when th ey arrange to exchange something illegally. In this case, the allocation of the property of exchange is done immediately or in future as well as facilitation of private gain facilitation at the expense of public property (Osoba, 1996). Innumerable styles are utilized in corruption in Nigeria. Misappropriation of public funds into private accounts by government officials is a common phenomenon in Nigerian corruption. Collection of bribes by police officers from people in order that they execute some of their duties is also rampant. In addition, most authorities may collect money illegally in the issuance of legal documents, for instance, passports, driving licenses, visas etc. Several models are available which describe directions that are commonly applied in corruption. The supply-initiated model involves the demander determining the course of the corruption. This is determined by the bribe-size, the desire of the briber as well as the time for the elision of such deals. The other i s the bribe-oriented model, which entails the setting of a particular price by the bribe. The fulfillment of such corruption models entails undergoing an opportunity cost by the briber in order that they may have an opportunity provided by bribes. Therefore, corruption takes a normal path that is