Pros And Cons Of A Business Essay - 1860 Words

What are the pros and cons of a business case approach to diversity management? The world’s increasing globalization requires more interaction among people from a wide variety of cultures, values and backgrounds. People no longer live and work in a one-dimensional marketplace- they are living in a highly complex and competitive environment that has growing demands of innovation in order to perform successfully amongst other industries. Business and organizations need to respond to this new diverse landscape, and the best corporations increasingly align with it. A strong diversity initiative and inclusion in an organization is crucial in remaining competitive in the current business world. Diversity is in the workplace is claimed to foster and spark creativity and innovation in employees. On the other hand, it is perceived to increase conflict and communication in an organization. Thus, in theory, diversity is allegedly advantageous to worker productivity, though counterproductive in work-group processes and dynamics. However, there is a lack of validity a nd reliability in the empirical research conducted to support this assumption. First and foremost, it is important to note that diversity expands on and is exceedingly correlated to the concept of equality. Hence, in order to recognize how the two terms co-exist within each other when either one is being referenced, one must distinguish how diversity and equality management function as two different initiatives inShow MoreRelatedThe Pros And Cons Of Business In Business953 Words   |  4 Pagescare about this community and want to maintain the great site that we have and you can’t ask for more than the river.† In addition, she said, CIF is more than happy to help you develop a new business or help you keep your existing business. â€Å"The CIF would be happy to work with folks in developing their business plans,† Harkinson said. To help keep businesses from continuously leaving the small town of Blythe or even having to close their doors, Harkinson said her goals for the future of The CommunityRead MorePros And Cons Of Starting A Business1766 Words   |  8 PagesStarting a business is very much time consuming and exhausting but it can definitely be worth it. Not everything in life is made to be easy and that should be the reminder when deciding to make a huge life decision. In order to start a business there are many routes to take and different options to consider. Making the decision to start a business should not come over night but rather a well thought out plan that involves many tough decisions. As with any decision, it is in a person’s best interestRead MorePros And Cons For Each Business936 Words   |  4 PagesWhen 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 lim ited 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 specifiedRead MoreThe Pros And Cons Of Business Law1197 Words   |  5 Pagesfrom $150.00 - $225.00 per night to $850.00 - $1,700.00 per week depending upon the season, Spring May 19 – May 21, 2016; Summer May 22nd – September 2016. 15. The Defendant’s calendar for 2016 reflects rentals for 10 different families and one business group (Leadership Retreat). The rentals average six (6) days in length. 18. Among the covenants and restrictions placed under the chain of title of each of these parties’ by warranty deed dated February 26, 1946, recorded March 18, 1946 at LiberRead MoreThe Pros And Cons Of Business Law1479 Words   |  6 PagesBenjamin is a neighbor of Abrahams in the condominium building. Benjamin owns several condominium units in the building. Benjamin has a daughter named Connie who has just graduated college. Benjamin offered to sell one of his condominiums to Connie for $100. Connie agreed, and paid Benjamin the money. After the papers for the sale of the condominium were drafted and signed, Connie - who had planned to attend law school - decided instead that she wished to become a barista at the local coffee shopRead MoreThe Pros And Cons Of Business Websites1006 Words   |  5 PagesIt’s been a long time coming, but you’re finally ready to launch the business you’ve been dreaming about for years! You’ve had the name picked out forever, you think about business plan details in every spare moment and you’re itching to place your first ever order of business cards to kick things off. But, wait. Yourcompanyname.com is not available? How is it possible that someone already owns YOUR website? It was perfect and it isn’t possible that someone else had the same idea. Is it? It happensRead MorePros and Cons to Starting a Business Partnership2191 Words   |  9 PagesI- Introduction There are many pros and cons for starting a partnership. A partnership is simple, inexpensive and easy to start. Partnerships formalities are relaxed where there are no required annual meetings, as compared to other formations. Unlike other types such as a corporation, a partnership is not required to file annual financial reports with the state and not required to maintain documents. Most importantly, partnership enjoys favorable tax treatment as a passed-through entity andRead MoreBusiness 315: Pros and Cons of the Buy American Act Requirements1396 Words   |  6 Pagesï » ¿ Buy American Act (BAA) requirements: Pros and cons Buy American Act (BAA) requirements specifically pertain to the use of American products in federal public works. BAA stipulations have been particularly controversial because of their demand that domestic steel and iron be used in public construction projects. Domestic steel and iron must be used in all permanent structures created via federal contracts. Waivers to the Act are available provided the application of those provisions wouldRead MoreThe New Business Model : Consumers Optimal Economic Interests By Evaluating Pro And Cons1193 Words   |  5 Pagesto customers at low prices (Cannon Summersï ¼Å'2014; Matzler, Veider Kathan, 2014). The new business model brings customers significances, nevertheless, the rationality of the Sharing economy mode still exist many disputes, such as its regulatory responsibilities causes safety concerns. This paper will discuss whether the â€Å"sharing economy† is consumer s optimal economic interests by evaluating pro and cons respect ively.    Benefits to the consumer Wide range of options In numerous definition, EconomistRead MorePartnership686 Words   |  3 PagesAccounting 11 Partnership 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

The Atomic Bomb Of Hiroshima And Nagasaki - 981 Words

In August of 1945, The United States successfully used the Atomic bomb for the first time in the Japanese cities of Hiroshima and Nagasaki, while over 100,000 people died the greater importance of this moment would be played out in history for decades to come. (Lecture) The importance that the creation of the Atomic bomb gave the world was enough to end mankind if the wrong people were capable of finding out how to use it. It would take only a short amount of time for other countries to gain access of this weapon, and it would begin a new era of fear in the United States. The launching of the bomb gave the United States atomic diplomacy over the world for only a few short years. By 1949, the Soviet Union had successfully created and launched their own atomic weapon, and the Cold War would begin between the two countries. According to the Atomic Archive, the bomb has the potential to destroy an entire city, and to have the after effect to destroy an entire state. (11) The two countrie s both had access to the weapon, and they would both compete to show off their strength in various fields for the next forty years. The amount of fear in the United States that one of the bombs could go off at any second, and end life as they knew it. Also if the United States where to fire the bomb, what countries would immediately go against us and retaliate? This period is directly after World War II, and the U.S. has many allies, but have also likely gained many enemies after using the bombShow MoreRelatedAtomic Bombs On Hiroshima And Nagasaki844 Words   |  4 Pagesdropped atomic bombs over the Japanese cities of Hiroshima and Nagasaki killing nearly 200,000 people. This resulted in Japans surrender in World War II. J. Samuel Walker analyzes this historical event in his book Prompt and Utter Destruction: Truman and the Use of Atomic Bombs. Over the past 70 years’ extensive research has been conducted and there is an understanding that Truman’s decision to drop t he atomic bombs is inconclusive. It is impossible to determine that the use of the bomb was the quickestRead MoreThe Atomic Bomb Of Hiroshima And Nagasaki1302 Words   |  6 PagesAllies almost one week after being hit with two atomic bombs. On August 6, 1945 during World War II an American B-29 bomber dropped the world s first deployed atomic bomb over the Japanese city Hiroshima, wiping out 90 percent of the city and killing 80,000 people immediately. Three days later a second B-29 dropped another atomic bomb on the Japanese city Nagasaki, killing around 40,000 people. (The Bombing of Hiroshima and Nagasaki) The Hiroshima/Nagasaki bombings were necessary because it played aRead MoreThe Atomic Bomb Of Hiroshima And Nagasaki884 Words   |  4 PagesFearful cries spread through the cities of Hiroshima and Nagasaki as the atomic bombs were dropped. Thousands of people were killed instantly, with the rest left critically injured. Eventually, it was measured that 135,000 people were k illed as a result of these bombs. We know that many people were killed. But how and why were the atomic bombs created? Who decided to use them? These questions all contribute to the fact that the atomic bombs impacted the world greatly. It all started when WorldRead MoreThe Atomic Bomb On Hiroshima And Nagasaki Essay1776 Words   |  8 PagesThe use of the atomic bomb on Hiroshima and Nagasaki at the end of World War II was a controversial decision that was made by President Truman. On August 6, 1945, President Truman decided to drop the atomic bomb on the Japanese city of Hiroshima and three days later a second atomic bomb on Nagasaki. It brought an end to the bloody war in the Pacific after 4 years. Making Japan surrender in the face of unimaginable force and significant destruction on Japan’s soil. Nevertheless, Truman’s decisionRead MoreThe Atomic Bomb Of Hiroshima And Nagasaki1515 Words   |  7 PagesResearch Question: Was it necessary for President Truman to drop the atomic bomb in Japan? Was it necessary for Truman to drop the Atomic Bombs on Japan in World War II? On August 6, 1945, the first atomic bomb was dropped by a US aircraft on Hiroshima. This atomic bomb was dropped to force Japan into surrender, this bomb alone destroyed Hiroshima and over 90,000 people were instantly killed in the explosion and an additional 100,000 people perished from burns and radiation sickness. Japan refusedRead MoreThe Atomic Bombs On Hiroshima And Nagasaki1764 Words   |  8 Pagesmake the decision to drop the bombs on Hiroshima and Nagasaki however, President Truman was ultimately the man who made the final decision to launch ‘Little Boy’ and destroy Hiroshima, Nagasaki and their civilians, thus forcing an end to the war. Although there were many alternatives presented to President Truman, it is unknown as to whether they would have actually succeeded in ending the war or producing less casualties. Truman made the decision to drop these bombs in the heat of war but h is justificationRead MoreThe Atomic Bomb Of Hiroshima And Nagasaki1364 Words   |  6 PagesOn the 6th of August 1945 America dropped the atomic bomb by the name of ‘Little Boy’ dropped by the plane ‘Enola Gay’ on the Japanese city, Hiroshima. Three days later on the 9th of August America dropped another bombed called, ‘Fat Man’ on the Japanese city of Nagasaki. A surrender was received and accepted by America on the 15th of August and the war against Japan had ended. Harry S. Truman, the man responsible for dropping the bombs claims it ended the war more efficiently and was in fact theRead MoreThe Atomic Bomb Of Hiroshima And Nagasaki Essay1570 Words   |  7 PagesDespite the extreme devastation, the atomic bombings of Hiroshima and Nagasaki were necessary. The atomic bomb is a weapon unmatched in warfare, rapidly releasing nuclear energy by fission of atomic nuclei. Desperate times call for desperate measures, which is why America chose to unleash its most deadly weapon, the atomic bomb, on Japan. America, who had already fought in World War II for over four years, had no desire to perpetuate the war. When Japan refused to surrender, America was leftRead MoreAtomic Bombs On Hiroshima And Nagasaki1074 Words   |  5 PagesThere are many different ways in which WWII could have ended. Rather than taking the risk of dropping atomic bombs on Japan, many people believe that one of the alternative options would have been much more sensible. The variety of possible options the U.S. could have taken to finish the war have been analyzed for years. Though Truman’s decision to drop the atomic bombs over Hiroshima and Nagasaki is one of the most controversial and debated topics in history, this researcher believes that he madeRead MoreThe Atomic Bomb On Hiroshima And Nagasaki1998 Words   |  8 Pagesto drop the atomic bomb on Hiroshima and Nagasaki? Joon Jung 2/21/16 Word Count: 1848 Section A: Identification and Evaluation of Sources Research Question: Was it necessary for President Truman to drop the atomic bomb on Hiroshima and Nagasaki? Was it necessary for Truman to drop the Atomic Bombs on Japan in World War II? On August 6, 1945, the first atomic bomb was dropped by a US aircraft on Hiroshima. This atomic bomb was dropped to force Japan into surrender, this bomb alone destroyed

3m Optical Free Essays

3M Optical Systems: Managing Corporate Entrepreneurship MST550 – Capstone Professor Jack Raiton HBSP Case #395-017 Discussion Questions 1. What practices make 3M such an innovative company? 2. What is Any Wong’s role as the OS Unit’s general manager? How effective has he been? 3. We will write a custom essay sample on 3m Optical or any similar topic only for you Order Now What is Paul Guehler’s role as division vicepresident? How effective has he been? 4. What should Andy Wong do with the computer screen AFE? If he gets the AFE, should Guehler fund it? Case Outline †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ The Situation Background of 3M Corporation Internal Context at 3M Corporation Background of Optical Systems (OS) The Product is Born The Product is Reborn Wong’s Options Guehler’s Options Wong’s Role/Effectiveness Guehler’s Role/Effectiveness Desimone’s Role The Situation The 3M Corporation’s Optical Systems (OS) business unit needs to decide if they should proceed with the deployment of a new computer privacy screen despite two previous marketing failures. Background of 3M Corporation 100 Years of Innovation Highly Diversified Global Company †¢ â€Å"High-Tech†: Spends twice the U. S. Industry Average on RD (6-7% of sales) †¢ Strong emphasis on new products and technologies †¢ Fosters individual’s innovation within the workforce (â€Å"15% rule†) Internal Context at 3M Corporation †¢ Respect for the individual – â€Å"Stimulate ordinary people to produce extraordinary performance† †¢ Supportive policies/practices – 15% bootleg rule – â€Å"Make a little, sell a little† †¢ High standards, stretch objectives – 10% sales growth, 20% PBT, 27% ROCE – 30% sales from new products Internal Context at 3M Corporation†¦cont. †¢ Acceptance of â€Å"well-intentioned failure† †¢ Share/leverage resources – â€Å"Technology belongs to company† Background of Optical Systems (OS) †¢ OS Track Record (1979-1990) – Formed in 1979 through consolidation of several 3M optical technologies – Experienced 11 year microlouver development effort with minimal products – Lost between 3 to 5 million dollars per year – â€Å"Technology in Search of a Market† †¢ OS Changes Focus (1991-1992) – In 1990 new top management appointed – Focus on applications for technology The Product is Born †¢ In late 1990, the OS Team launched the computer privacy screen †¢ Product used â€Å"microlouver† technology to offer privacy of screen information †¢ By early 1991 the OS Team saw poor market reaction due to the large number of sizes needed and high purchase price †¢ Product was modified and re-launched in late 1991 with minor changes, but to no avail The Product is Re-Born †¢ Through prior-product analysis, market research, and harnessing some of 3Ms other technologies, a 3rd generation was created and readied for market in 1992. It combined features of competitor’s such as anti-glare, anti-static and anti-radiation †¢ Was ready for decision on â€Å"Authority to Proceed† Wong’s Options Go †¢Learning from two previous launches †¢Met rigorous threephase process †¢Team closest to market, competition, technology (trust them, don’t second-guess) †¢Committed team (motivational imp act) †¢Last chance for OS †¢Wong must be the champion Postpone/Cancel †¢Poor market research †¢Poor product concept †¢Price too high †¢Unrealistic market share forecasts †¢Unrealistic risk assessment †¢Needs more data, further study Other Options †¢Self fund †¢Mentor’s support †¢Outsource Guehler’s Options Approve †¢ Project passed three-phase review – Shouldn’t second-guess now Reject/Send Back †¢ Recognize as â€Å"well intentional failure† †¢ Has other high-profile â€Å"Pacing Projects† †¢ Problems with product, price, marketing strategy †¢ Lacks internal support †¢ Cost relatively low ($750K) †¢ OS unit believes, committed †¢ Don’t want to kill OS unit – Big project in pipeline (Needs 30% new products) Wong’s Role/Effectiveness †¢ Attracting good people – Noirjean, Melby Developing/motivating his team, building unit’s capabilities †¢ Creating, pursuing growth opportunities †¢ Keeping management â€Å"in the boat† Guehler’s Role/Effectiveness †¢ Empower frontline manager to find/develop attractive opportunities †¢ Coach/nurture/support fron tline managers to develop confidence and capabilities †¢ Set standards/goals for and develop selfdiscipline among frontline †¢ Balance between discipline and support Desimone’s Role †¢ Sets, communicates, monitors standards and objectives †¢ Protects, reinforces norms and values – Respect for individual Primary focus on organizational context more than strategic content How to cite 3m Optical, Papers