Essay on Control Theory Corporate Crime - 3821 Words

Conflict theory primarily argues that it is the economic system of capitalism itself that produces crime however, in order to understand the causes of corporate crime, the neoliberal framework and its utilization must be examined. Neoliberalism accords the state not to intervene or regulate the market, and in effect produces inequality but most importantly crime. Criminal acts are committed by the elites that are following the core of the neoliberal doctrine which is maximizing profits while minimizing costs. Corporate crimes are committed by executives or executive officers on behalf of corporations to further their own interests or the interest of the organizations’. These crimes can result in harming the working class which may†¦show more content†¦This result in a conflict between the culture of competition and ethical standards however, corporations are not like humans they are artificial legal entities with perpetual life chartered by the government for their ex istence (Nadar, 2004; pg 8). Corporations have achieved a status where they have all constitutional rights that people have except the right against self-incrimination. Corporations engage in criminal activites on a number of different levels that harm and affect the general public however, the public for the most part remains unaware of these activites because these elites invest in hiding the truth which thereby renders their actions invisible. THE INVISBALITY OF COPRORATE CRIME Secondly, Marxists argue that is it the connected ability of the powerful to manipulate values of society which is why corporate crimes are rendered invisible. Academics find it difficult to analyze corporate crime because large scale survey data is not available so researchers have to rely on non-objective crime statistics collected by ‘impartial’ government agencies such as StatsCan or the Home Office which usually yield tiny samples (Snider, 2005; pg 186). Corporations do not want sociologist investigating their business practises, unlike traditional offenders they have the ability to resist such incursions. On the other hand, the justice department for the most partShow MoreRelatedThe Concept of White Collar Crime928 Words   |  4 PagesCan white collar crime be explained by the same theories that address crimes such a domestic theft and burglary? The concept of white-collar crime was certainly not invented in order to provide comfort for standard approaches to causation in criminology, (Nelken, 2007, p. 744). White-collar crime is certainly a complex issue to study from a theoretical perspective, not least because of the inherent diversity among the types of white collar crimes, among the types of white collar criminalsRead MoreDefining Deviance1080 Words   |  5 Pagesexample: crime   Informal Deviance- doing something different from the customary Social groups create deviance by applying rules to certain people, making them â€Å"outsiders† Behavior that is deviant or normal depending on the situation Deviance stabilizes society Durkheim thinks that societies use deviance to create and point out the standard norms The Medicalization of Deviance   Medicalization of Deviance- illness explaining someone’s deviant behavior example: alcoholism Functionalist Theories of DevianceRead MoreKey Elements For Commit Fraud1673 Words   |  7 Pageshow financial statement fraud occurs, stakeholders can recognize red flags in financial statements. Outside accounting, fraud knowledge enables stakeholders to be productive members of a business’ corporate governance. Corporate governances work as a principal catalyst for stakeholders to raise corporate awareness and expectations regarding appropriate behavior and practices. Stakeholders use their fraud knowledge to contribute to the company’s Code of Conduct and Code of Ethics for management andRead MoreEssay on White Collar Crime and Corporate Crime1509 Words   |  7 PagesWhite Collar crime is not a crime unto it self, but instead a criteria that has to be met in order for a crime to be considered as White- Collar Crime; (Blount, 2002) hence the reason why Corporate Crime is also considered as White- Collar Crime. At the same time, White Collar Crime and Corporate Cr ime can be seen as distinct criminological categories, however, in order to reveal this, this essay will firstly be exploring Sutherlands definition of white collar crime and the perplexity with thisRead MoreExercise 3: White Collar Crime. In A Looking Glass Of A1448 Words   |  6 PagesExercise 3: White Collar Crime In a looking glass of a sociologist, we can see white collar crime in our everyday world. When it presents itself; the victims are left hurt and the rest in awe of their awful actions. White Collar Crime is defined as â€Å"White collar crime overlaps with corporate crime because the opportunity for fraud, bribery, insider trading, embezzlement, computer crime, and forgery is more available to white-collar employees.† stated by James Henslin. White Collar Crime can be seen in theRead MoreWhite Collar and Corporate Crime Pose for Explanations of Criminality1010 Words   |  4 Pagesof Problems do White Collar and Corporate Crime Pose for Explanations of Criminality Until relatively recently, the concept of the criminal was that of a person who, somehow disadvantaged and disenfranchised from society, decided to ignore societal laws and concentrate on increasing his personal worth at the expense of society. The idea of the criminal as the outsider became an accepted part of criminological theory, so much so that almost all modern theories of criminology focus on some aspectRead MoreFunctionalist View on Crime1262 Words   |  5 PagesSociologists who study Crime and Deviance examine cultural norms, how they will or might change over time and how they are enforced. Deviance and social norms vary greatly among different societies, communities and times. Crime is considered an activity which breaks the immediate laws of the society an individual is a part of. The nature that determines whether and act is one of crime or deviance is clearly outlined by a set of formal laws which individuals are expected to follow. Deviance on theRead MoreWhat Are F ive Elements Necessary For Commit Fraud?1739 Words   |  7 Pagesunderstanding how financial statement fraud occurs, stakeholders can recognize red flags in financial statements. Outside accounting, fraud knowledge enables stakeholders to be productive members of a corporate governance. Corporate governances work as principal catalysts for stakeholders to raise corporate awareness and expectations regarding appropriate behavior and practices. Stakeholders use their fraud knowledge to contribute to the company’s Code of Conduct and Code of Ethics for management andRead MoreCriminal Theories On White Collar Crime962 Words   |  4 Pagesyou will examine the various criminal theories that were discussed in the reading. In a page or two, explain which theories best explain white collar crime. The Strain Theory does a suitable but not a great job of explaining white collar crime. Therefore, in the Strain Theory it talks about the contextual anomie/ strain theory. while examining this theory, I discovered it to be the most compelling in our constant battle with white collar and corporate crimes. Ever, since the beginning of recordedRead MoreEvaluate the usefulness of Marxist theory to our understanding of crime and deviance1201 Words   |  5 PagesEvaluate the usefulness of Marxist theory to our understanding of crime and deviance (40 marks) Synopticity - Crime Deviance sociological theory Marxist explanations of crime and deviance, like their work on other areas like the family and education, rest on an economic and structural analysis of society that sees a class struggle between the proletariat and the bourgeoisie. This struggle comprises the attempts by the proletariat to free themselves from the domination of the bourgeoisie

The Importance of Teacher Tenure in Public Schools Essay...

Most would ask, What exactly is teacher tenure?. Well, in short teacher tenure is a permanent job contract for school teachers. Teachers can earn tenure by proving their teaching skills over a specific number of years while working at the same school. In most cases the number of years a teacher must work at the same school is anywhere from two to seven years. After receiving tenure a teacher cannot lose his or her job without just cause, for example obvious incompetence or severe misconduct. Tenure offers job security to teachers that have successfully completed their probational period of teaching. (Heard) So the questions is, should teacher tenure be abolished in public schools? Ones answer should be no. Teacher tenure is†¦show more content†¦Think of it this way, experience is important. Tenure is one way to reward experience. Some argue that tenure allows bad teachers to stay in the classroom. Teachers that are just there to put in their time and dont really car e about the students themselves. They feel that granting teachers tenure encourages them to become complacent about their jobs. â€Å"Tenures are something that can be beneficial to students, as well. By providing job security, teachers can concentrate on teaching, instead of worrying about overly obsessed parents coming after them. Take for instance, a parent getting a coach fired because they did not give their son or daughter enough play time on the court. There is the classic scenario of parents that will look for a teachers flaws in teaching before they look for flaws in their child as a student.†(Sharifi) The bottom line is that tenure is a complex issue, most do not understand what it is or how it works. Tenure policies vary from state to state, so its not surprising that most are not really famililar with it. Also it only effects a small number of the population. Many are confused as to just what rights tenured teachers have, or whether they can even be fired. F irst of all most should know that teacher tenure has a system of due process, checks, and balances so that teachers can be fired--just not to easily. Before argueing that teacher tenure should be abolished, one should listen to a few points.Show MoreRelatedThe Education System Is Failing Our Children898 Words   |  4 Pagesfailing our children, have you ever wondered why teachers get transfered to different school districts for poor performance instead of getting fire. This is do to the tenure policys that protect teachers from getting fired. Tenure (status granted to an employee, usually after a provitionary period, indicating that position or employment is permanent). When teachers work in a spefic school district for two or three years they are recommended for tenure by the board of education on recommendation byRead MoreEducation Is Not Preparation For Life1350 Words   |  6 Pagesconcern, â€Å"the percentage of Blacks age 25 and older with a high school diploma or more w as 72 percent in the 2000 census, compared to 85.5 percent for Whites† (â€Å"Blacks: Education Issues). Two major issues that are keeping African Americans from success are Special Education Programs and teacher tenures, these systems need to be replaced for African Americans to get a better education. Almost every elementary, middle and high school in the U.S has a program known as the Special Education ProgramRead MoreWaiting for Superman Visual Rhetoric Paper1390 Words   |  6 Pagessave us.† Just as many children look up to fictional characters such as Superman, parents rich or poor, look up to our school system to educate their children. However, too many of these parents are beginning to realize that proper education, like Superman, is nonexistent. In Waiting for â€Å"Superman,† Davis Guggenheim addresses the teachers union about the failing public school system in America. Through the use of ethos, anecdotes, statistics and visual and audio elements, Guggenheim attacks aRead More Rhetorical Analysis of the Film, Waiting for Superman Essay1246 Words   |  5 Pages‘system’ itself, many reasons add to this conclusion such as refusal to make change, with tenure being the central idea that cripples education. Guggenheim focuses his documentary on the teachers that make-up a large portion of the system. One of his strongest arguments is that the teachers are the problem, and the inability to rid schools of the incompetent teachers is the primary reason American schools are coming in so low in the international rankings. He also shares many facts and statisticsRead MoreEducation Is Not Preparation For Life1354 Words   |  6 Pagesconcern, â€Å"the percentage of Blacks age 25 and older with a high school diploma or more was 72 percent in the 2000 census, compared to 85.5 percent for Whites† (â€Å"Blacks: Education Issues). Two major issues that are keeping African Americans from success are Special Education Programs and teacher tenures, these systems need to be replaced for African Americans to get a better education. Almost every elementary, middle and high school in the U.S has a program known as the Special Education ProgramRead MoreU.s. Obam A History Of Education Policy And Reform1491 Words   |  6 PagesIn political debates, mainstream news reporting, and traveling political speaking events, politicians speak of a variety of hot topic agenda items; unfortunately, education is typically not one of the focal points. No matter the importance of education for children and no matter the political candidates’ point of view, it seems to be shadowed by a variety of other political agenda items. Nonetheless, each candidate has a point of view and some history of education policy impact. Each candidate,Read MoreEssay about The Pros and Cons of Home Schooling1540 Words   |  7 PagesPros and Cons of Home Schooling Home schooling is an important issue in the educational world today. Whether or not a parent has the right to take their child out of public schools to educate them at home has become a widely talked about subject. Over the past decade, some 18,260 home schools have registered as home schools, and this number continues to grow (Clark/Havice). This issue, although intense and multi-layered, is often divided into two distinct groups-those who oppose it, thinkingRead MoreThemes Of Education In Waiting For Superman1523 Words   |  7 Pagesemotions attached with the desire for a child to receive the best education that can be offered. Dramatic change and the best education able to be offered are widely associated with charter schools throughout the film. Statistics and comparisons further aid the viewer to conceptualize the importance of charter schools and their beneficial impact on a child’s education. Metaphors are also relied on to emphasize the ability education has to pr oduce a life of success or failure. Waiting for Superman is aRead MoreEvaluation Of The Observation And Evaluation Process784 Words   |  4 Pagestakes dedication to providing the most valuable feedback to the teachers that are being observed. The feedback provided can help shape and develop teachers in their craft. When teachers and administrators go through the observation process it truly should be a tool for both. The teacher should be provided feedback about strengths and weaknesses, while the administrator should take pieces that will led the vision or direction of the school. Administrators should not only be aware of their states observationRead MoreThe Cons Of Standardized Testing1555 Words   |  7 PagesSystem, instituted in the public school system, has been used as a guideline in assessing a student’s comprehension of the subjects taught in the classroom and for measuring a teacher’s aptitude of relating the subject material to the students (Fletcher). Florida has instituted a new Bill SB-736 that will now no longer grant teacher’s tenure, and will use the scores from the FCAT to decide whether a teacher will keep their job. While originally created to help the school system, standardized testing

The Fedex Stock s Price - 1126 Words

FedEx has produced superior financial returns to its shareholder in last couple of year. It has a worldwide business with a broad portfolio of transportation, e-commerce and business services. It consistently ranked among world’s most trusted and admired employers. The revenue has been consistently increasing and expected to reach at 45 billion in next year. EPS is also about 5.5 and the expected P/E ratio is 14.3 which show its growth potential. With the stock’s beta of 1.27 and latest dividend payout ratio of 9%, it can be expected that it will give a superior result in near future and thus it is one of the best alternatives for investment. The FedEx stock’s price range in last year was 101.95 – 155.31. Currently its stock’s price is†¦show more content†¦From 2005, FedEx has decided to eliminate the classified structure of Board and allowed for the annual election of all directors. Investors’ interest has been protected and tried to maintain the full integrity in business operation. It is tried to ensure the disclosure of all the material information and a complete transparency so all investors have access of clear factual information. The next year’s growth rate is expected to be 21.10% which is higher than the Industry and market growth. This higher growth rate is based on it’s a strong financial base, huge market capitalization, higher growth potential, consistent earnings record, diversified portfolio and a reputation it earned in past several years. The estimated beta of firm is about 1.27. This figure is retrieved from a reliable website-www.finance.yahoo.com. To calculate the firm’s required rate of return, CAPM model is applied as follows: One year US Treasury rate of return = 0.10% One year Market return on SP 500 = 24.40% The beta of FedEx stock = 1.27 Hence, the firm’s required rate of return = 0.10 + 1.27*(24.40 – 0.10) = 30.96% For year ended 31st Mar’14, Cash flow from operating activities is $4,264 million and Cash flow from investing activities is $3,551 million. Hence, Free cash flow (FCF) to the firm will be Cash flow from Operating activities less Cash flow from Investing activities, i.e. $4,264 -

A Good Man By Flannery O Connor - 1235 Words

A good man is hard to find is a short story written by, Flannery O’Connor, in which the she describes the story of a family going out for a trip to Florida. The grandmother in the family seems to be apparently the main character in the story and the main one who tries to convince the family that is dangerous to go out when there’s a man named the Misfit who is ready to attack and kill anyone in his way. No one in the family seemed to believe her, and yet; they all decided to travel. In their way to Florida, the family had a road car accident, in which luckily no one seemed to be killed. While waiting for the family’s car to work back again after the accident, there were three men who came along to ‘help’. One of those three men, was the Misfit. The grandmother suddenly recognizes him, and instead for the grandmother to implore mercy for the life of her family members, she decides to do whatever it takes to save her life. In order to save her live, s he tries to brain wash the Misfit by trying to make him believe that he is a good man and he wouldn’t dare to kill her. At the end of the story, the Misfit ends up killing the grandmother. At the beginning of the story, the setting seems to take place in the family’s house in Georgia. Georgia is the initial setting because it’s the place where the family decides to make a trip to Florida. Through the story the setting changes from the house in Florida to a road trip in the family’s car, and towards the end, the setting changesShow MoreRelatedA Good Man By Flannery O Connor Essay1049 Words   |  5 Pages1302.03 31 March 2015 A Good Man is Hard to Find In â€Å"A Good Man is Hard to Find, the author, Flannery O’Connor states many points in this short story. It is to be said that O’Connor is a very religious, catholic, in fact (Vol. 2 pg. 97). O’Connor has stated her religious views in most of her fiction stories. O’Connor was also known for her stories on violence. Readers sometimes find O’Connor’s fictions to be weird with such turning points in her stories. â€Å"A Good Man is Hard to Find† has manyRead MoreA Good Man By Flannery O Connor1239 Words   |  5 PagesTuesday July 26, 2016 Good Man What’s a good man? Can it be descriptive?. And can that person be identified as a good man who is hard to find?. The story of â€Å"A Good Man is Hard to Find† talks about a grandmother whose name is not mentioned directly in the story. Mystery has it, that she has been explaining her story as if she was the good man or who knows what she could be talking about referring someone or telling someone that good men are hard to find. The author Flannery O’connor wrote this storyRead MoreA Good Man By Flannery O Connor1795 Words   |  8 PagesJada Brandon 11-26-2015 English 261 Final exam A Good Man is Hard to find in this Story Considered as one of the best short story authors in her era, Flannery O Connor wrote many short stories before her death in 1964. A faithful Catholic, religion was a primary theme in her works; she wrote mostly about southern life with religious themes recurring in her work. One of her most famous stories was the 1955 short story A Good Man Is Hard to Find. The story depicts the heartless execution ofRead MoreA Good Man By Flannery O Connor946 Words   |  4 PagesIn 1955, Flannery O’ Connor published the short story â€Å"A Good Man Is Hard to Find† which became her best-known short story. Although many appreciated her work it received much criticism for its peculiar character, The Misfit. His callous violent behavior made people uncomfortable with her work describing it as consistently distorted and manipulative. The Misfit’s unsentimental and cruel behavior characterizes true psychological disturbance similar to that of Charles Manson and Jeffrey Dahm er. Read MoreA Good Man By Flannery O Connor2114 Words   |  9 Pages A Good Man is Hard to Find Analysis In the short story, A Good Man Is Hard to Find, Flannery O Connor uses characterization, flashbacks, the five-part plot structure, and point of view to set up the plot efficiently. The story is told through the Grandmother’s point of view most of the time in order to understand her, and her thoughts in her final moments with the misfit. In seeing how the grandmother views the world around her the reader is able to understand the type of person she is. O’ConnorRead MoreA Good Man By Flannery O Connor1059 Words   |  5 PagesPicture this: three children, two parents, a grandmother, and a cat walk into a barbecue joint. This sounds like the beginning of a hilarious joke; however, it is the start of a devastating family vacation. Written by Flannery O Connor in 1953, â€Å"A Good Man is Hard to Find† portrays wrongful humor and violence through the use of symbolism and imagery. Looking closely at the story one can see the grandmother’s dress, the six grave stones, and the woods, just to name a few, all symbolize and foreshadowRead MoreFlannery O Connor s A Good Man1275 Words   |  6 PagesFlannery O’Connor has written multiple books about the two topics she knows best, southern living and the Catholic religion. Most of her writings focus on humanity s biggest question. â€Å"What is required to attain salvation?† Growing up as a devout Roman-Catholic, O’Connor is able to shed some light into a question that even scholars in the Christian faith are unable to answer. Although O Connor has multiple books, the one that answers the many questions surrounding salvation best, is A Good ManRead MoreA Good Man By Flannery O Connor1369 Words   |  6 PagesFlannery O’Connor is one of the most controversial and well known modern day Southern Gothic authors in America. When she came into prominence in 1955 with her first collection of short stories titled A Good Man is Hard to Find, it was met with criticism for b eing overtly violent and grotesque. One reviewer from Time magazine said the short stories were â€Å"witheringly sarcastic† and â€Å"written in a style as balefully direct as a death sentence† (Simpson 44). The reviewer went even further on to callRead MoreA Good Man By Flannery O Connor1927 Words   |  8 PagesWe have recently read a story written by Flannery O’Connor titled â€Å"A good man is hard to find.† The story was about a family who were on their way to Florida for vacation. On their way, they had an accident that caused their vehicle to tumble ten feet down a ditch. While they were waiting for help, a group of escaped convicts from a Federal Penitentiary witnessed the accident and approached the family. It is unknown to the readers whether or not the intention of these convicts for approaching theRead MoreA Good Man By Flannery O Connor874 Words   |  4 PagesLife Gothic genres are often characterized by themes including hypocrisy, death, racism, among others. The plainspoken, comic- cartoon-ish, blunt, and obvious short story writer, Flannery O’Connor, in her short story â€Å"A Good Man Is Hard to Find,† bring about the perfect example of Gothic fiction. The story is about an escaped mentally-ill criminal dubbed The Misfit- who crossed path with a fatal family. The main characters, The Grandmother, June Star, The Misfit and even Bailey among others

Type of Entrepreneur -Free-Samples for Students-Myassignmenthelp

Question: Critically analyze options for becoming an entrepreneur. Assume for this assignment that you wish to enter the world of entrepreneurship, and you can choose any avenue you wish. Answer: Options for Becoming an Entrepreneur Entrepreneurship is understood as willingness and capability of developing, organizing and managing a business venture along with its risks so as to make profits. Starting of a new business is a common example of entrepreneurship. An entrepreneur is the person who owns a venture, business, or company and is responsible for its development (Mellor Coulton 2009, p. 14). This paper critically analyzes various options for becoming an entrepreneur. Four specific options are compared and contrasted. These are buying an outlet in an existing franchise or starting a new franchise; buying or starting a new corporate enterprise; starting a family business; and buying or starting an independent venture. Description of the Industry The selected type of business that I wish to do is high-end clothing retail business, which is in the fashion industry. The business would be located in the city of Dubai in the United Arab Emirates (UAE) market. Dubai is a popular shopping destination for those who want to buy clothes for men, women and even children (Seymour 2010, p. 53). This city-state wants to be the worlds Islam fashion capital and has established a special design district that offers tax breaks to designers and business organizations that are ready to relocate there (Gorman 2015). The clothing industry in the UAE is very competitive, and thus it would be important to spend a few months carrying out market research, learning trends in the industry, and creating a detailed business plan prior to entering the industry (Othman 2017, p. 1378). I wish to enter the clothing retail business because it is in a thriving industry. The fashion industry is an industry that could help me get a stable income each month with sufficient scope for advancement. Gorman (2015) reported that there is an increase in spending on high-end Shariah-compliant clothes by people of the Islamic faith, just as the religion is expanding and is projected to become the largest religion globally by the year 2050. In the year 2013, Muslims spent an estimated $266 billion on clothes, and by 2019 their spending would reach roughly $484 billion (Gorman 2015). Therefore, the market for my business is a lucrative one and the venture is feasible. In addition, the clothing retail business is a type of business that matches my interests as an individual and meets the needs of my specific clientele, who comprise Muslim people in the UAE. In particular, I would focus on attire for Muslim men and women. Type of Entrepreneur The type of entrepreneur that I would like to be is sole proprietor. I am interested in becoming a sole proprietor given that the business is inexpensive and easy to register, all the profits made in the business would be mine to keep, and I will have direct control of the process of decision making. Furthermore, the working capital needed for starting the business is minimal and regulatory burden is light (Fleischman Bryant 2010, p. 6). In addition, with this sort of entrepreneurship, the entrepreneur could operate the enterprise under his/her own name or could use a name that is fictitious. The fictitious name used is only a trade name and does not establish a legal entity that is distinct from the owner (Fay 2010, p. 46). However, a major shortcoming with this type of entrepreneurship is that the owner is individually liable for the debts of the enterprise. Benefits and Drawbacks of the 4 Options Independent The benefits of starting a business as an independent venture include the fact that the person is his/her own boss, the costs for start-up are relatively low as there are minimal costs to creating an independent venture, the owner gets to keep all the profits, and the owner has maximum privacy. In addition, it is easy to change the legal structure of the business later on in case circumstances change (Woodfield, Woods Shepherd 2017, p. 12). Also, creating and operating ones own business is easy and straightforward, and the owner is able to wind up the business easily. Transfer or sale of the business could occur at the discretion of the independent entrepreneur. Lastly, the sole proprietor, as Wiese (2016, p. 38) pointed out, has complete decision-making power and control over the firm. The drawbacks include the fact that taking holidays could be hard for the entrepreneur, it could be difficult to retain workers of high-caliber, and the companys life is limited. Moreover, the entrep reneur has unlimited liability for debts given that there is no legal distinction between company assets and personal assets. Also, the entrepreneur has all the responsibility for making daily corporate decisions, and one has limited capacity to raise capital (Mellor Coulton 2009, p. 66). Family Business A family business is understood as a commercial venture where members of the family are involved. One advantage of a family business is commitment. Given that the familys needs are at stake, there is often a greater sense of accountability and commitment (Lansberg Gersick 2015, p. 402). It is notable that such level of commitment is virtually not possible to generate in non-family companies. The lasting commitment results in extra benefits, for instance stronger customer relationships; a better understanding of the organization, industry and job; as well as more effective marketing and sales. The second advantage is stability of the firm. Usually, position within the family determines the member that would lead the business, and consequently, there is often longevity in leadership that brings about overall stability in the company (Ayranci 2010, p. 84). The third advantage is reduced cost. Family workers in a family business, unlike regular employees, are usually ready to contribute their own money for purpose of ensuring the companys long-term success. This could imply taking pay cuts or contributing funds. It is notable that this advantage is particularly important in challenging times for example during recessions where it is necessary for the top leaders to personally suffer or tighten the belt for the organization to survive (Parker 2016, p. 1245). The fourth advantage is long-term outlook. According to Fay (2010, p. 49), non-family businesses usually focus on attaining goals for this quarter whereas family businesses think many years, or even decades ahead. This long-term perspective and patience allows for good decision making and strategy. The drawbacks include the following: first is family conflict. At any business organization, conflicts are bound to occur. In family businesses, long-lasting, deep-seated quarrels and fights could affect everyone in the organization and could draw divisive lines. Given that members of the same family are involved, conflicts could be a lot harder to solve and could lead to difficult endings (Umirzakova et al. 2016, p. 152). The second limitation is lack of succession planning. Most family businesses do not have succession plans either because there is a lot of trust in the family members to address this when the time is right, or because the leader has no desire to accept the fact that one day she/he would have to resign. Thirdly is nepotism. A lot of family-owned companies are disinclined to allow people from outside the family into top positions. Consequently, individuals are given positions for which they lack experience, education or skills (Parker 2016, p. 1250). Corporate Enterprise A corporate enterprise is generally a form of business whose liability is limited. This means that when such an organization is created, it will allow the entrepreneurs to keep their own finances and assets distinct from the company itself (Campbell 2011, p. 25). There are a number of benefits of a corporate enterprise. Firstly, this option of becoming an entrepreneur guarantees financial security since there is limited liability. The second advantage is that the corporate enterprise is a separate legal entity from the owner. Therefore, the firm would be able to exist beyond the life of the owners (Lupulescu 2015, p. 68). Thirdly, in a corporate enterprise, the directors of the firm are often the key shareholders. As such, both the company control and ownership remain in their hands. Decision making process is easy and quick, with little fuss, which allows for a more successful business management platform. Even so, the drawbacks of a corporate enterprise include complex accounts. For example, there are more restrictive and complicated rules that govern the bookkeeping and accounts of such companies than sole proprietorships. The firm has to produce annual accounts incorporating balance sheets, double entry format, and other notes (Wells 2014, p.79). The second drawback pertains to cost. Setting up a corporate enterprise is generally costly. Thirdly is dilution of powers. Because of the nature of a corporate enterprise, disputes between the shareholders and directors are likely to occur given that their ideas of what is best for the firm differ. The management of the company would be further diluted when the companys shares are sold so as to increase the funds of the organization, since increasingly more individuals have a say in how the firm is run (Tricker 2011, p. 389). Franchise Buying an outlet in an existing franchise is also a notable option for becoming an entrepreneur. The first benefit to the franchisee is economies of scale. According to Cavaliere and Swerdlow (2008, p. 11), franchising allows a small entrepreneur to effectively compete within the marketplace and make the most of economies of scale. It is of note that a franchised network is able to purchase goods on more favorable rates compared to individual businesspersons. This offers a considerable advantage over smaller independent competitors. Additionally, the services, system, equipment and products that have to be tested in the marketplace would already have a degree of consumer acceptance (Woodfield, Woods Shepherd 2017, p. 3). The second benefit is decreased risk since the franchisees risk of business failure is reduced. Because the franchisor has proven the business concept within the market before franchising, for instance through a pilot, many typical problems are likely to have been s olved already and thus the risks to the franchisee are decreased (Madanoglu, Lee Castrogiovanni 2013, p. 1005). Thirdly, a franchise offers skilled management. Mndez, Galindo and Sastre (2014, p. 845) pointed out that the franchisee would have access to quality training as well as assistance to establish her business from the first day. This helps the franchisee to avoid a lot of mistakes and pitfalls of independent entrepreneurs who are starting from scratch. The fourth advantage pertains to advertising. Franchisees are usually required to pay some financial contribution toward a central advertising fund that the franchisor administers. The contribution from the franchisor in addition to the pooling of finances from other franchisees enables the franchisees to access extensive advertising countrywide or regionally, which in turn serves to increase the brand awareness and the business profitability (Mndez, Galindo Sastre 2014, p. 847). There are some drawbacks of buying a franchise. The first one pertains to reputation. According to Woodfield, Woods and Shepherd (2017, p. 4), the franchisees dependence on the power of the trade name of the franchisor could be a significant disadvantage if the franchisor, for instance through neglect or poor management, allows the brand to be called into disrepute. The franchisees share in the franchisors failures just as they share in its success and benefits, and the failures of the franchisors have a knock-on effect on their franchised network. The second drawback relates to control. The franchisees are subject to regulation and control by the franchisor through the operations manual and the franchise agreement (Madanoglu, Lee Castrogiovanni 2013, p. 1006). The third shortcoming pertains to products. The franchisee has to pay royalties, in addition to a mark-up on services/goods received from the franchisor or the franchisors supplier. A franchisor is, in most cases, exclusively tied to the product supplier and is not allowed to sell similar or other products. The desire of the franchisee to grow could be frustrated by the franchisors narrow mindedness (Madanoglu, Lee Castrogiovanni 2013, p. 1006). The other disadvantage relates to dependence. The franchisee could become over reliant on the support of the franchisor to the degree that she is unable to make independent decisions. The franchisee, in such situations, has practically become a disguised employee and the business would stagnate (Welter et al. 2017, p. 99). Benefits and Drawbacks of buying an existing business versus starting one from scratch The benefits of buying an existing business include the following: a market for the entrepreneurs service/product has been established already, the difficult start-up work has been done already and the firm has procedures and plans in place, and existing managers and staffs would have experience that they may share with the entrepreneur (Wiese 2016, p. 37). In addition, the entrepreneur would acquire existing employees, clients, contacts, stock, equipment, plant, suppliers, and goodwill. Equally important, the firm has a financial history that gives the entrepreneur an idea of what to anticipate and could make it easier to attract investors and secure loans (Woodfield, Woods Shepherd 2017, p. 5). The drawbacks of buying an existing business include the fact that the business might be badly managed, poorly located or have low employee morale. Businesses that underperform may necessitate a significant amount of investment in order to make them profitable, and the business may require considerable improvements to old equipment and plant (Jianhong Nadkarni 2017, p. 32). Furthermore, the personality of the seller and his/her established relationships might be a notable factor for the companys success. Moreover, external factors like a declining industry or growing competition could affect the companys future growth. Lastly, the entrepreneur would have to invest a considerable sum of money upfront and he/she would also need to budget for professional fees for accountants and solicitors (Mellor Coulton 2009, p. 34). The benefits of starting a business from scratch include the following: firstly, there is no baggage given that the business does not have any history for the entrepreneur to overcome when he/she starts a new business venture. Secondly, there are lower startup costs. Wiese (2016, p. 39) mentioned that depending on the type of business the entrepreneur is intending to initiate, the costs could be lower in comparison to a franchise business in which there are no up-front purchasing fees or supply costs. The third advantage pertains to site selection. When starting a business from scratch, the entrepreneur is able to choose the location in which to locate his/her business and the marketing procedures that he/she would like to follow (Woodfield, Woods Shepherd 2017, p. 6). The fourth advantage relates to independence. When starting a business from scratch, the entrepreneur creates all business systems and makes all the decisions. Even so, there are a number of drawbacks. Firstly is limi ting financing. When starting a business from scratch, financing for the company is harder to get. The second drawback is delayed profitability. Where the market is not established yet, it might take a long time to become profitable (Mellor Coulton 2009, p. 38). Thirdly is the high risk of the business. Success of the business is completely dependent upon the entrepreneur and his/her business talents. The other limitation is certainly high commitment. It is of note that starting ones own business calls for a higher commitment of both energy and time (Fleischman Bryant 2010, p. 6). Conclusion In conclusion, this paper has thoroughly compared and contrasted a number of options for becoming an entrepreneur. The drawbacks and benefits of starting an independent business, starting a family business, starting/buying a new corporate enterprise, and starting/buying a franchise have been discussed. Based on the analysis, the recommendation made is that I will not acquire a venture. I would rather start my own business from scratch and operate it as an independent venture or sole proprietor. This is because the drawbacks of acquiring a venture outweigh the benefits derived. I would rather be a sole proprietor given that it is inexpensive and easy to register, all the profits made in the business would be mine to keep, and I will have direct control of the process of decision making. Besides, the working capital needed for starting the business is relatively small, and I would be able to choose the location in which to locate the business and the marketing procedures that I would l ike to follow. References Ayranci, E 2010, 'Family involvement in and institutionalization of family businesses: A research', Business Economic Horizons, 3, 3, pp. 83-104, Business Source Complete, EBSCOhost, viewed 20 August 2017. Campbell, TH 2011, 'When is it appropriate to use a limited liability company?', Journal Of Financial Planning, 7, 1, p. 25-31, Business Source Complete, EBSCOhost, viewed 20 August 2017. Cavaliere, F, Swerdlow, M 2008, 'The pros and cons of franchising: two views', Business Forum, 13, 3, p. 11-28, Business Source Complete, EBSCOhost, viewed 20 August 2017. Fay, JR 2010, 'What form of ownership is best?', CPA Journal, 68, 8, p. 46-56, Business Source Complete, EBSCOhost, viewed 20 August 2017. Fleischman, G, Bryant, J 2010, 'C Corporation, LLC, or Sole Proprietorship? What Form Is Best for Your Business?', Management Accounting Quarterly, 1, 3, pp. 1-8, Academic Search Premier, EBSCOhost, viewed 20 August 2017. Gorman, R 2015, The Islamic fashion business is booming. Retrieved from https://www.businessinsider.com/the-islamic-fashion-business-is-booming-2015-4?IR=T Jianhong, C, Nadkarni, S 2017, 'It's about Time! CEOs' Temporal Dispositions, Temporal Leadership, and Corporate Entrepreneurship', Administrative Science Quarterly, 62, 1, pp. 31-66, Business Source Complete, EBSCOhost, viewed 20 August 2017. Lansberg, I, Gersick, K 2015, 'Educating Family Business Owners: The Fundamental Intervention', Academy Of Management Learning Education, 14, 3, pp. 400-413, Business Source Complete, EBSCOhost, viewed 20 August 2017. Lupulescu, A 2015, 'Some particularities concerning the limited liability company', Perspectives Of Business Law Journal, 4, 1, pp. 68-73, Business Source Complete, EBSCOhost, viewed 20 August 2017. Madanoglu, M, Lee, K, Castrogiovanni, G 2013, 'Does franchising pay? Evidence from the restaurant industry', Service Industries Journal, 33, 11, pp. 1003-1025, Hospitality Tourism Complete, EBSCOhost, viewed 20 August 2017. Mellor, R, Coulton, G 2009, Entrepreneurship For Everyone: A Student Textbook, London: SAGE Publications Ltd, eBook Collection (EBSCOhost), EBSCOhost, viewed 20 August 2017. Mndez, M, Galindo, M, Sastre, M 2014, 'Franchise, innovation and entrepreneurship', Service Industries Journal, 34, 9/10, pp. 843-855, Hospitality Tourism Complete, EBSCOhost, viewed 20 August 2017. Othman, EH 2017, 'Muslim fashion: contemporary style cultures', Ethnic Racial Studies, 40, 8, pp. 1377-1379, Academic Search Premier, EBSCOhost, viewed 20 August 2017. Parker, SC 2016, 'Family Firms and the 'Willing Successor' Problem', Entrepreneurship: Theory Practice, 40, 6, pp. 1241-1259, Business Source Complete, EBSCOhost, viewed 20 August 2017. Seymour, R 2010, 'Arab fashion', Middle East, 410, pp. 51-54, Academic Search Premier, EBSCOhost, viewed 20 August 2017. Tricker, B 2011, 'Re-inventing the Limited Liability Company', Corporate Governance: An International Review, 19, 4, pp. 384-393, Business Source Complete, EBSCOhost, viewed 20 August 2017. Umirzakova, M, Mussayeva, G, Mukhanova, A, Berikbolova, U, Smagulova, Z 2016, 'Family Business as a Form of Entrepreneurship: International Experience and Features of Development', International Journal Of Economic Perspectives, 10, 3, pp. 150-158, Business Source Complete, EBSCOhost, viewed 20 August 2017. Walsh, R 2017, 'Be the sole proprietor', Smart Business Columbus, 25, 4, p. 13, Business Source Complete, EBSCOhost, viewed 20 August 2017. Wells, W 2014, 'Limited liability companies: something new, something different', Journal Of Small Business Management, 32, 1, pp. 78-82, Business Source Complete, EBSCOhost, viewed 20 August 2017. Welter, F, Baker, T, Audretsch, D, Gartner, W 2017, 'Everyday Entrepreneurship-A Call for Entrepreneurship Research to Embrace Entrepreneurial Diversity', Entrepreneurship: Theory Practice, May, Business Source Complete, EBSCOhost, viewed 20 August 2017. Wiese, JR 2016, 'Want to be an Entrepreneur?', Business NH Magazine, 33, 4, p. 36-44, Regional Business News, EBSCOhost, viewed 20 August 2017. Woodfield, P, Woods, C, Shepherd, D 2017, 'Appreciating Entrepreneurship: A New Approach for Field Research', Entrepreneurship Research Journal, 7, 2, pp. 1-17, Business Source Complete, EBSCOhost, viewed 20 August 2017

My favorite book free essay sample

Enveloped by the soft, vibrant roses and gently buffeted by the warm summer wind, I frolicked only within the chapped and yellowed pages of a book. Cupped by my chilled, bloodless hands, Brideshead Revisited, by twentieth-century author Evelyn Waugh, assumed the beautiful fragility exhibited by the eventually estranged characters Julia and Sebastian Flyte. The water lapped at tiled walls as I tipped my head backwards and allowed tangled strands of brown hair to penetrate the sacred pool. I longed to drink from the spurting fountain, but knew that carless tourists, clad in tennis-shoes, shorts, and fanny-packs, had corrupted its essence with their rusted pennies and crushed paper cups. Balboa Park will never compare to Lady Marchmain’s divinely decadent estate, but I admitted that the decidedly lush nature of my surroundings would suffice. I borrowed the scarred book from my closest friend, an autodidact with both an insatiable appetite for knowledge and a crippling inability t o complete schoolwork. We will write a custom essay sample on My favorite book or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page She advised me to delve within the gilded world slowly, savor the charms of Brideshead, and reflect upon the aesthetic qualities of the sumptuously written novel. Before Brideshead Revisited (or B.B.R., as I like abbreviate the title of the era preceding my discovery), I possessed a voracious literary appetite and consumed books like a starved Grendel. However, I considered the completion of a book the ultimate fulfillment; half-way through the novel, I wished for the end, or, as I perceived it, the confirmation that I had, indeed, extracted valuable information. The time invested in a book only constituted a worthy endeavor if I eventually finished it; the anxiety of knowing that there existed an innumerable amount of worthwhile books in which I would never be able to partake often overwhelmed me. It created new sources of neuroticism, rather than soothing my already frazzled nerves. Books became a quantifiable commodity; though such a statement remains economically correct, it should not distort the image of a novel or non-fictional account as a masterpiece crafted by skilled artists and intended to promote enlightenment. Brideshead Revisit ed served as the catalyst for my decision to truly appreciate the select novels that I carefully and purposefully chose to read. I allowed my hands to skim, feeling the grooves and crannies of Brideshead Revisited’s cracked cover. Fingering the thin, dry pages, I slowly opened the book. I first encountered the author’s note: â€Å"I am not I; thou are not he or she; they are not they† (Waugh). The words rolled under my tongue and flowed out of my mouth as I silently whispered. As I began, I was gradually exposed to Charles Ryders’ malleable and uncertain psyche, the lens through which the reader observes the societal and religious conventions common to the early twentieth century. I considered Brideshead Revisited my daily ration of liberation. Removed from the tensions of studying for tests, preparing for the SAT, and choosing potential colleges, my escape into Waugh’s alternate universe allowed me time to consider the various socio-cultural issues presented within the novel. My contemplation of familial relationships, Catholicism, and the perverting influence of extreme an d unnecessary wealth was conducive to the cultivation of my philosophy regarding life. Charles Ryder’s infatuation with a mere facade of happiness encouraged me to truly examine causes of contentment, rather than commence a fruitless search for unachievable and melancholic glamour. My investment in one book, which included absolutely no monetary cost whatsoever, radically altered my approach to the written word; I now read ever so slowly, hoping that the scholarly book-gods will allow me an experience, like Brideshead Revisited, that will, until I transition to another classic novel, drastically improve my willingness to modify the manner in which I perceive the world and allow me to cultivate, within myself, a well-rounded yet curious spirit.