The Enron Corporation Scandal - 1791 Words

IDENTIFY THE ACCOUNTING PRACTICES THAT WERE ASSOCIATED WITH THE ACCOUNTING SCANDAL. The Enron Corporation failures made world headlines for many reasons ranging from greed from its executives, the alleged malpractice and criminal behaviours, and its quick and disastrous collapse. The most critical factor in Enron’s melt down was the use of creative and manipulative accounting practices to distort reported proï ¬ tability and indebtedness that befell the corporation (A. Holt and T. Eccles, 2002) The accounting practices involved in this case are the revenue recognition criteria adopted by Enron Corporation, Market to Market strategies, the use of Special Purpose Entities, booking to cost as assets and the corporate governance practices. Revenue Recognition Mark-to-market and Merchant Model Revenue is the gross inflow of economic benefits (cash, receivables, other assets) arising from the ordinary operating activities of an entity (such as sales of goods, sales of services, interest, royalties, and dividends). [IAS 18.7]. Revenue recognition, as defined in the IASB Framework, means incorporating an item that meets the definition of revenue in the income statement when it is probable that any future economic benefit associated with the item of revenue will flow to the entity, and the amount of revenue can be measured with reliability. Enron used revenues as its primary financial objective, performance driver and a measure of success. The employment of this hyper-inflatedShow MoreRelatedEnron Corporation : The Enron Scandal Essay1172 Words   |  5 PagesThe Enron Scandal The objective of an audit is to â€Å"obtain reasonable assurance† of the credibility of the financial statements of a company . However, in some cases auditors can fail to recognize – or intentionally ignore – misleading data within a company’s financial statements, leading to negative outcomes for lenders and investors. This report will discuss the Enron scandal in which the auditing firm Arthur Andersen LLP turned a blind eye to the fraudulent actions of Enron Corporation, leadingRead MoreEnron Scandal Of Enron Corporation Essay1145 Words   |  5 PagesIntroduction Enron scandal which aroused in 2001 was one of the most famous events in the area of fraud audit. As the auditor company of Enron, Arthur Andersen failed to prepare true and fair auditing reports. They both suffered lethal loss at that time. The following paragraphs will discuss this fraud event, including the organization history, the organization’s event, the fraud issue in the event, the consequence of the main stakeholders, auditors in the event and their roles, and the current situationRead MoreAccounting Scandals And The Enron Corporation1721 Words   |  7 PagesAccounting scandals have happened in numerous companies. In one major case, the firm filed for bankruptcy, and many of its workers lost their jobs, savings, and investments from stocks. This major epidemic happen at Enron, an energy firm stationed in Houston, Texas founded by Kenneth Lay in 1986 (Frontain). On December 2, 2001, the Enron Corporation, an apparently strong and booming business, fell to an all-t ime low by shocking the world when it filed for bankruptcy protection. Many people wereRead MoreEnron And The Enron Scandal1588 Words   |  7 PagesEnron was a corporation located in Houston, Texas and in just fifteen years the US energy trading and utilities company grew to become one of America’s largest and more successful cooperation’s. Enron suffered a major fall. After being one of the most successful corporations Enron became the biggest company to file bankruptcy in history. In this research paper it will discuss about the history of Enron, the fraud committed and who is to blame. The historical development of white collar crime in theRead MoreUnethical Behaviors And Situations Of Conflict Within The Workplace1572 Words   |  7 Pagescritically about a particular dilemma and whether or not it is ethically wrong takes time and critical thinking. The accountants of Enron could have avoided this situation by stepping in and explaining to their superiors the c ost of the long-term consequences compared to the short-term benefits was not worth what they were putting out on the line. By analyzing the Enron scandal there will be a greater ability to know information that will help pin point any unethical behavior that an accountants may experienceRead MoreEnron Scandal1477 Words   |  6 Pagesï » ¿Current issue: Scandals in auditing Enron Scandal 1. Introduction Accounting scandals are political or business scandals which arise with the disclosure of financial misdeeds by trusted executives of corporations or governments. These days, not too often, these scandals are splashed as headlines across media. Why? Because there are complex groups of stakeholders who might be seriously affected by the scandals. Enron scam was the most remarkable scandal in 20 centuries by their institutionalizedRead MoreEvents Leading Up to the The Sarbanes-Oxley Act Essay examples1203 Words   |  5 Pagescorporate and accounting scandals including those affecting Enron, Tyco internationals, Adelphia, Peregrine Systems, and WorldCom. The Securities Exchange Commission (SEC) adopted many rules in order to implement the Sarbanes-Oxley Act. The Enron Scandal escalated distrust amongst the shareholders, employees and government agencies. Thus, as a result the Sarbanes-Oxley Act was passed to protect the interest of all affecting parties. The Act is nearly a mirror image of Enron: the companys perceivedRead MoreEnron and Worldcom Case Study1225 Words   |  5 PagesEnron and WorldCom Case Study This report is based on the demise of Enron Corporation and WorldCom. Both the firms are demised due to the ethical lapses. These ethical lapses come into existence when managements of the firm, uses unethical practices to accomplish the goals of the firm. Maintaining financial and accounting standards in the business practices are necessary. The profession of accounting has become a mockery due to the accounting scandals that took place all over the world in theRead More Ethical Lessons Learned from Corporate Scandals Essay832 Words   |  4 PagesEthical Lessons Learned from Corporate Scandals Ethics is about behavior and in the face of dilemma; it is about doing the right thing. Ideally, managerial leaders and their people will act ethically as a result of their internalized virtuous core values. The Enron scandal is the most significant corporate collapse in the United States and it demonstrates the need for significant reforms in accounting and corporate governance in the United States. It is also a call for a close look at theRead MoreEnron Accounting Scandal1706 Words   |  7 PagesThe Enron Accounting Scandal of 2001 There are many accounting scandals that have occurred throughout United States History. Many scandals occur even without outsiders knowing anything that had occurred. Companies try their best to keep many of the accounting scandals quiet. Everyday, there are political and business fraud happening, and most of it goes unnoticed. No company wants to admit that there was a problem or that people within the company are not trust worthy. However, when executives

Global Warming And The Warming - 1544 Words

Global warming has become a well conversed topic among scientists and peoples in the world today. There are extremists who do everything possible to stop contributing to the warming, but the average person does little to alleviate the issue and in many cases refuses to acknowledge that there is a problem at all. Dating back to millions of years ago, even before humanity was born, the world has always experienced one form or another of warming; so the warming seen today is not as bizarre as many may think. The prevalent saying that history often repeats itself, is no joke when discussing global warming. As to what is kindling the current warming, that is where a query is imposed. Scientists from around the globe have theorized close to every possible contributor to the warming seen today, and the conclusion that present occurrences of global warming are being evoked by human interference has become evident. Human existence and activities have proved to contribute immensely to the warming. When oil was first becoming a major world energy resource, greedy capitalists actively pursued any and all measures to profit from it. The expansion of embryonic corporations became the single most superior motive, forgetting completely about the care of the planet. All aspects of oil production, including the: extraction, refining and transportation generated considerable amounts of environmental pollution. Oil spills from international transportation became a major concern and in 1990Show MoreRelatedThe Warming And Global Warming1442 Words   |  6 PagesThe Warming World Around Us The world is warming and we cannot deny it, the longer we deny the larger the problem it will become. Global warming is affecting the world economy, the overall health of the population, and most importantly the environment that surrounds us. Ignoring this problem will not just make it suddenly disappear; the world has to make an effort to stop it while it can still be maintained. Accepting the fact that it is happening is just the first step, the next step is takingRead MoreGlobal Warming And The Warming1353 Words   |  6 PagesGlobal Warming With it being the presidential election season the talk of global warming, also known as climate change has come up in conversation more. But should it be associated with whether you are republican or democrat? Global warming should not be rather you â€Å"believe† in because it is a stated fact. The definition by Oxford Dictionary declares that global warming is a gradual increase in the overall temperature of the earth s atmosphere generally attributed to the greenhouse effect causedRead MoreThe Warming Of Global Warming Essay1899 Words   |  8 Pagesissue facing the planet today is global warming. There is no doubt it is one of the biggest environmental issues throughout time, though it is widely debated among scientists and environmentalists what the main causes are. Global warming isn’t a new issue, in only 1989 the UK Prime Minister at the time warns that the increasing emissions of carbon dioxide into the atmosphere are going to have a significant impact on th e earth in the future (BBC News, 2013). The warming of the earth is caused by greenhouseRead MoreClimate Warming : Global Warming Essay1095 Words   |  5 PagesCurrently, the temperature of the earth’s climate system continues to rapidly increase which leads to global warming. Global warming, by definition is the â€Å"gradual increase in the overall temperature of the earth’s atmosphere generally attributed to the greenhouse effect caused by increased levels of carbon dioxide, chlorofluorocarbons, and other pollutants†(Webster’s). There are many reasons why global warming occurs, such as human activities and the increasing of gases; for instance carbon dioxide in theRead MoreGlobal Warming1677 Words   |  7 PagesThrough the eyes of most scientists, global warming is seen as a very serious and severe threat. The actions taken by humans, such as industry and consumption of fossil fuels plus the increase in population and agriculture have played a big part in global warming. If something is not done soon the results could be very bad. By the middle of the twenty first century, there is evidence that the Earth will be warmer than it has been at any time in human history, and quite possibly since theRead MoreGlobal Warming1410 Words   |  6 PagesGlobal warming was first mentioned by ‘Svante August Arrhenius in 1896’, but in ‘1753, Joseph Black discovered carbon dioxide’ and in ‘1827, Jean-Batiste Fourier suggested that atmospheric effect kept the earth warmer than it would otherwise be’, (Direct.gov. n.d. A history of climate change). Since this time, reports, and study have be done with graphs to show the impact of global warming and what could happen to our planet. In 1979, the first conference was held this was called ‘International climateRead MoreGlobal Warming1245 Words   |  5 PagesGlobal Warming The major threat of today’s world is global warming. Due to various reasons global warming turns out to be a serious issue in the last few years. Today people believe in global warming while this concept was not so much believed and people interpreted in some other meanings what was happening in the past. Global warming is amplification in the temperature of earth because of industrial pollution, fossil fuels, and agricultural practices caused by human being, other and natural gasRead MoreGlobal Warming1316 Words   |  6 PagesControversy over Global Warming One of the largest argued topics in our world today is over global warming. People argue that is real, and others argue that it is fake. The effects of global warming create a growing danger for the ecosystem we live in by damaging glaciers and weather patterns. Humans contribute to global warming yet non-believers will think otherwise. Global warming is the greatest challenge facing our planet. According to the IPCC (Intergovernmental Panel of Climate Change) mostRead MoreGlobal Warming1050 Words   |  5 PagesTake a position: Global warming is a real problem. 1000 word Essay. Using persuasive technique Global warming is the increase in the average temperature of Earth’s surface. Since the late 1800’s, the global average temperature has increased about 0.7 to 1.4 degrees F (0.4 to 0.8degree C). Climate change is happening and its effects are real. However, the larger the change in climate, the more negative the consequences will become. Global warming will make life harder for mostRead Moreglobal warming1539 Words   |  7 Pagesof global climate over long periods of time. Climate model projections made by the US Intergovernmental Panel on Climate Change (IPCC) show that, recently, global temperature has increased. This increase in temperature is referred to as global warming. One of the main causes of global warming is greenhouse gases. Greenhouse gases are gases in the atmosphere that absorb solar radiation to keep the planet warm. These gases have increased, so more solar radiation is trapped inside raising global temperatures

The Three Stages Of Violence - 1662 Words

The three stages of violence. According to the article, The Cycle of Domestic violence, there are three stages of violence. They are defined as the tension-building stage, the explosive stage, and the honeymoon stage (Domestic Violence Roundtable, 2008). The tension-building stage. The first stage, is the tension-building stage. This stage is known by a time of extreme stress and tension. During this time, the batterer (or abuser) may become overly agitated, and begin acting aggressively. It is also common during this time for the abuser to act increasingly protective of his or her partner and attempt to isolate them from friends and family more than usual. During this stage, the victims feel as though they are walking on eggshells and†¦show more content†¦At this time, the abuser begins to feel as though they are gaining control, but they still feel fearful their partner will leave, thus leaving the cycle to reoccur. Many find it hard to break the cycle of violence, they believe in the renewed hope they feel during the honeymoon stage. They are optimistic that their partner can change and is deep down a good person. Effects on Children in Abusive Homes â€Å"It is estimated that approximately 1.5 million women and 830,000 men experience physical or sexual assault annually in the United States by intimate partners† (De Jong, 2016, p. 201). â€Å"In the United States more than 15 million children live in families in which domestic violence occurs and almost half of these children witness severe violence in assaults of a parent† (De Jong, 2016, p. 201). Physical consequences. One of the physical consequences associated with children in abusive homes include the direct injury to the child(ren). This could result in the child being harmed at the hands of the abuser, usually resulting in bruises or broken bones. In cases of pregnancy, there is a risk of low birth weight or perinatal death. Also, during an altercation women may hold their baby in an attempt to detour a physical attack, only to cause accidental harm to the child. Older children or adolescents may try to intervene, but in turn getting caught in the cross fire. In hisShow MoreRelatedThe Effects Of Violence And Violence On Children1425 Words   |  6 Pagesdesire of violence, if it might have prevented him from acting out his violence and aggressive behavior toward his victims. Whether the behavior is being acted out at home or in a public place, to a family member or a stranger, this issue must be address to help protect our children from hurting others and themselves as time progress. With no help, as time develop things gets worst; this goes for anything. Children are too young and emotionally unstable to handle or hold back any kind of violence and aggressiveRead MoreChildren Who See Too Much1584 Words   |  7 PagesIn this paper, I will try to discuss certain concerns expressed by the author regarding exposure to violence to the children. To begin with, in the first chapter of this book, it is described that there are three levels of exposure to violence. These are exposure to media violence, community violence, and violence in the home. The media has been speculated enormous times as the main cause of violence in society. Various research has been conducted to prove this hypothesis. The one study that stoodRead MoreThe Violence Development Of A Phantom Community1308 Words   |  6 Pagesinfluence of a phantom community. It was a four stage experiential process that he termed violentization. The progression of stages is: 1) brutalization, 2) belligerency, 3) violent performance and 4) virulency, and individuals have to go through the attendant social experiences in one stage before they can enter the next higher stage of violence development. The following outline provides some of the factors and explanations associated with each stage in the progression. BRUTALIZATION: a) ViolentRead MoreIntroduction. Domestic Violence Is A Serious Issue Affecting1386 Words   |  6 PagesIntroduction Domestic Violence is a serious issue affecting women all over the world today. Domestic Violence transpires when a current intimate partner decides to exercise dominance in a relationship through means of psychological, physical and sexual abuse towards the victim. This type of abuse often leads to emotional and or physical trauma. Domestic Violence is not only physical or sexual other forms of domestic violence exist such as stalking and dating violence. It is a problem without limitsRead MoreEssay on Social Policy Development 1431 Words   |  6 Pagescognitive and emotional development during the infancy and early childhood stages that could later lead to serious consequences. Infancy by all standards is when the individual is most vulnerable physically. They are dependent for every need to be fulfilled by another. It is during this time that attachment begins to form and the learning process from caregivers and their environment take place. As with every stage of development, risks factors exist and need to be acknowledged, this way, possibleRead MoreFice Of Juvenile Justice And Delinquency Prevention1668 Words   |  7 PagesInitiative to prevent and reduce the impact of children s exposure to violence in both the home and the community, and to expand the knowledge base of evidence-based practices. Exposure to violence is defined as being a victim of abuse, neglect, or maltreatment, or as witnessing domestic violence or other forms of violent crime in the community. The Safe Start Initiative has two specific goals: 1) to serve children exposed to violence and their families using the most evidence-informed services to dateRead MoreBeowulf and Sir Gawain and the Green Knight Comparison Essay1443 Words   |  6 Pagesdescribe the protagonists’ encounters with these unworldly characters in three patterns, Beowulf’s three great battles with the monsters and Sir Gawain three nights at the Green Knight’s castle. The progression of these three patterns and different stages appear in Beowulf and Sir Gawain and the Green Knight influence how the readers view the stories; Beowulf’s three battles represent the progression of violence where as Sir Gawain’s three nights focus on human value and weakness. Beowulf’s firstRead MoreThe Postmodern Theory Of Narrative Therapy Interventions1594 Words   |  7 Pagespostmodernism hypothesizing that since reality can be constructed by society, it can also be reconstructed or reframed using language. A major interventions that does this within postmodernism is narrative therapy approach, which can help address domestic violence. In narrative therapy interventions, clients are asked organize their experiences in narrative that puts them as the protagonist of their own story (Dybicz, 2012). By doing this the individual is able to externalize their problem and become theRead MoreEssay about Social Work and Child Development1704 Words   |  7 Pagescognitive and emotional development at the time that could later lead to serious consequences in later stages of development. Infancy by all standards is when the individual is most vulnerable physically. Infants are totally dependent for every need to be fulfilled by another. It is during this time that attachment begins to form and learning from others and the environment begins. As with every stage of development, risks factors exist and need to be acknowledged, by doing this, possible interventionsRead MoreGreek Theatre And Medieval Drama1587 Words   |  7 Pagescreative process based off of different mindsets. Therefore, the significant time lapse between the two genres has had an evident impact on the way theatre was perceived and presented. In comparing aspects such as religious motivations, conditions of violence and character development, the distinct theatrical natures of Greek theatre and medieval drama will be made apparent. Though both genres of theatre are closely tied to religion, Greek theatre and medieval drama have different religious motivations

`` Developing Character Fences, By Sandra Shannon

While social injustice and oppression are rooted in Troy’s life, he tries to regain a sense of power and control. In the essay â€Å"Developing Character: Fences,† Sandra Shannon says, â€Å"These feelings of being passed over change Troy into a man obsessed with extorting from life an equal measure of what was robbed from him† (95). Since Troy had a cruel and cold relationship with his father and was never able to fulfill his dream as a baseball player, he attempts to control those around him. Yet, Troy’s efforts to control his family ends up bringing them down with him. By attempting to make up for and fill the void that was left in his life, Troy only ends up oppressing others. Just as Troy from Fences, Levee from Ma Rainey’s Black Bottom†¦show more content†¦These men are forced to prostitute their wonderful musical talents for mere pocket change and pats on their backs† (79). Levee attempts to put his power on display by trying to put down others so that he can feel good about himself. When Levee’s recording session starts, he decides to show up late. Furthermore, he attempts to be flashy by purchasing a new pair of shoes that he puts on. The shoes are a symbol of power for Level. Levee was able to by the shoes with his own money and pick them out on is own accord. This works to give Levee a sense of individualism. Levee refers to his shoes with a feeling a pride because they belong to him and no one can take that away from him. While the other men believe that Levee’s shoes are flamboyant and excessive, Levee does not care because they make him feel good about himself. Levee puts his shoes on and says, â€Å" Yeah! Now I’m ready! I can play some good music now!† (Ma Rainey’s Black Bottom 24). In a way, the shoes are like armor for Levee, they work to protect him against those who do not which to see him prosper. The other band members don’t care about Levee’s shoes. One member, Slow Drag even steps on his shoes and does not really care that he does. However, for LeveeShow MoreRelatedTheme Of Women In Fences1739 Words   |  7 PagesSergio Garcia English 2 Professor Spencer December 8, 2017 Sexuality and role of women in August Wilson’s Fences In the film Fences by August Wilson, the audience is presented with a country that is fast evolving, with oppression, prejudice, and poverty remaining a common factor. Most scholars argue that sexism is the dominant theme in Wilson’s plays due to the portrayal of female characters occupying the stereotypical, male-fantasized roles of the domestic, powerless, or submissive mother figureRead MoreAnalysis Of The Poem Fences 1798 Words   |  8 Pages Symbol of Fences: Defying Reality August Wilson’s Fences, is a dramatic play that spotlights on the attributes of black life in the mid to late twentieth century and emphasizes the strains of society on African Americans. Focusing on the lives of normal African Americans, the author also recognizes the significance of the family ties and how they relate to the society. He mentions symbols such as sports and fences in the story to relate to many topics mainly allRead MoreAugust Wilson3685 Words   |  15 PagesGuggenheim Fellowships, the Drama Desk Awards, and the Chicago Tribunes Artist of the Year. He has received several New York Circle Awards, the Edward Albee Last Frontier Playwright Award, the Whiting Foundation Award, and the Jerome Fellowship. His play Fences was the first play in 30 years to win all of the major awards. In 1984, Wilson was invited to join the New Dramatists, which, founded in 1949, is the largest non-profit workshop for playwrights. In 1988 he was added to the list of Literary Lions by

The Culture of Food in America Essay - 2672 Words

The Culture of Food in America ANT 101 Abstract Food is an essential part of any culture and it serves to show the diversity and unique aspects of different cultural beliefs. In the United States, there are people from diverse cultural groups and many different cultures. These groups possess unique culinary cultures, which add to diversity. This paper explores the different cultural groups present in the United States and their traditional foods. These cultures enable us to understand the concept of cultural diversity. The paper also explores divergence towards the â€Å"fast food† culture and its effects of the health of Americans. Two journal articles are used to further†¦show more content†¦Different cultures of Hispanic origin consume different types of beans with Southern Mexicans, Cubans, Venezuelans, and Central Americans using black beans while Puerto Ricans, Dominicans, and Northern Mexicans use pinta beans or pinto. Hispanic Caribbean, Central, and South Americans prefer red kidney beans, whil e Brazilians and Venezuelans use garbanzo or chickpeas (Devine et. al., 2002). Native Americans Native Americans consume traditional American dishes such as crab cakes, beef barbecue, pizza, and slow cooked pork. However, these diets emerged after being introduced by Europeans (Wellman Friedberg, 2002). Before they came into contact with Europeans, they ate Indian corn, squash, pumpkins, wild rice, sweet potatoes, peppers, tomatoes, papayas, avocadoes, and peanuts (Wellman Friedberg, 2002). General Eating Habits of the American Population Although the American population has different culinary tastes, there is a convergence towards the culture of fast foods at present in the U.S. Many Americans have adopted an eating culture that involves consumption of fast foods in large quantities. This has been seen as the American dietary culture and has been embraced by most cultural groups. For instance, $6 billion was spent on fast foods in 1970, but this figure increased to $110 billion by 2000 (Wellman Friedberg, 2002). Most of these fast foods are junk foods and they include pizza, french fries, candy, hamburgers, hot dogs andShow MoreRelatedFood Culture Between Vietnam and America729 Words   |  3 PagesFinal Draft Food Culture in Vietnam and America When we discuss about the differences between Vietnamese and America culture, we can think of many things such as History, Style of Music, Arts, Religion, Language, etc. And, I will tell you some differences and similarities in eating culture of the two countries. Even though they both have things in common such as family’s dinner, tea and coffee for morning, three meals a day or small snacks between main meals. But, the food cultures of two countriesRead MoreEssay on The Fast Food Culture is Detroying America4188 Words   |  17 Pages The typical American diet, with its emphasis on fast food and frozen food, is a consumption pattern reflective of, and symptomatic of, our production patterns -- what kind of jobs we find ourselves going to day-in and day-out, and the way these jobs encourage us to see the world we live in. If people are more apt to think of themselves as consumers rather than producers, if gratification is associated with consumption rather than working, doing, and making, we have only to bear in mind that thisRead MoreAmeric The Country With A Blended Culture1320 Words   |  6 PagesAmerica: The Country with a â€Å"Blended† Culture People are judge-mental about everything these days; they tend not to let anything pass them by because they feel as if they will miss something important that is going on around them. Someone may not call this being judge-mental, but rather observing and analyzing. Anyone can interpret this how they want, the bottom line is people are paying attention to the way others around them dress, act, eat, speak, worship and how they live their daily lives overallRead MoreThe Culture Of The United States997 Words   |  4 Pagesdominant culture in a society is seen in a group of members that are the majority or has more power over other culture groups. American culture dominances is seen through their values. America is materialized culture; their culture is seen through the value American dream, style, food and political values. The diffusion of cultural dominance in America has been causing negative effect for other cultures. The dominant culture in America has been increasing and influe ncing other cultures ever sinceRead MoreAnalysis Of The Omnivore s Dilemma Calls The American National Eating Disorder1301 Words   |  6 PagesAmerican food culture is not like other countries in the world; the diversity in foods and ethnicity creates its uniqueness. However, Americans mindset of â€Å"what should we have for dinner† and the poor decision making about food choices created the â€Å"omnivore’s dilemma† or what Pollan, in The Omnivore’s Dilemma calls the American national eating disorder. Pollan explored more about the food that Americans consume in â€Å"an investigation of food called the industrial food chain†(Pollan, Omnivore 110).Read MoreAmeric A Unique Combination Of Many Cultures Essay1671 Words   |  7 PagesAmerica is a unique combination of many cultures. We are a very diverse nation and we represent many different countries throughout our culture. America allows different beliefs and cultures to represent the diversit y that this country has. Some people see diversity as an asset, while others see it as a downfall. We have many different religions in the country, which occasionally causes problems. Different races and views of races also cause problems, and is a current major issue in America. ChinaRead MoreAmerica Is Considered The Melting Pot Of The World. This1342 Words   |  6 Pages America is considered the melting pot of the world. This diverse nation is filled with many different ethnicities, cultures, and people with different backgrounds. It is for that exact reason why one is able to find just about every type of food, no matter what culture, in America. Interviewing two immigrants has allowed me to grasp the fact that these different cultures is what makes the United States of America so great! I first started off by interviewing my girlfriend, Amanda, who is an immigrantRead MoreFood Is A Way Of Life975 Words   |  4 PagesFood has essentially become a way of life in our world. People identify by what kind of food they grew up eating. People from the south feel that barbecue food is a way of life, while people in Italy can’t live without pasta. We can learn a lot about where are ancestors are from when we look at what kind of food we eat, but we can also see the change that the culture we live in has put upon us. Since America is this beautiful melting pot of many different cultures we can see the blended in all ofRead MoreMy Experience On American Life892 Words   |  4 Pagesa wonderful thing that makes people know about other people who from different cultures. People interested to know other people who are not from their culture, so they stare learn their language. After that, they get a lot of different information about their culture and people can communication with different people. I interested to know about American life because when I was young, I watched movies about this culture and community, so I saw how they life is. Because that I want to know if it trueRead MoreAmericanization of Foods: Food is traditionally considered as a simple means of subsistence but1400 Words   |  6 PagesAmericanization of Foods: Food is traditionally considered as a simple means of subsistence but has developed to become filled with cultural, psychological, religious, and emotional significance. Consequently, food is currently used as a means of defining shared identities and symbolizes religious and group customs. In the early 17th and 18th centuries, this mere means of subsistence was considered as a class maker but developed to become a symbol of national identity in the 19th centuries. In

Business Innovation Products and Segments

Question: Describe about the Business Innovation for Products and Segments. Answer: Outline and discuss some of the key issues you believe will be important in establishing this process. The challenge of organizations on a daily basis has a goal and that is "innovation and creativity in the products or services it provides", often bibliography is written about this but does not analyze coldly the competitive advantages that the company has when implementing this idea in the market (Hahn, n.d.).. The management of the innovations varies according to the degree of development and in the market that the organizations are when it is thought to implement a new product or service.Direct competition does not exist at the time of product innovations, otherwise they would not be innovations, if of course every organization with its new product in the market will have secondary substitutes or competitors but not with the same product since this innovation is Allowing you to maintain a temporary barrier until your competitor or other player copies your product and make certain modifications or make a new innovation that allows you to compete with your product in terms of the attributes it possesses. example The company Nestl has clear competitors in the elaboration of its chocolates, and different products of its different segments, but what would happen if the company launches an innovative product to the market as it did during the winter of 2006, creating a chocolate that none Company towards. Example In order to better understand innovation management in this product, Nestl will continue to have its own competitors, but with the caveat that in this recent innovation will have no competitor and will have an advantage not only competitive but also enjoy Of positioning itself in its consumers in a unique and unrepeatable way on the other players. Innovations allow companies to create a new positioning of their products and to own the minds of consumers since the positioning achieved in each customer who buys the product will remain original and new. In defining innovation Peter Drucker argues that innovation is not just a flash of genius. From this it is possible to consider what is the role of creativity and innovation in the current environment of SMEs in the Community. It will be important to make known and suggest some of the many creativity techniques used in the development of new products or at least to provide help in solving problems. However knowledge of these techniques is not synonymous with success in the market, as this is the result of several factors. It is obvious that creative practice in companies will always be beneficial, as it promotes the generation of new and different answers to problems raised. On the other hand the methodologies and tools of creativity are characterized by presenting a very important attribute "act as a stimulus to generate ideas and solutions. The most effective methods have turned out to be those that were apparently most obvious and simple, and are based on the analogy or variants of it. Brainstorming This technique is intended to stimulate a group so that, without any kind of censorship, express ideas quickly as absurd as these may seem.The key to success is the suppression of any criticism of the members of the group. It is a question of releasing thought and emitting ideas. The more, the better. It is understood that among the set of all the ideas are the good ones and, therefore, none of them are criticized . The concept of innovation management explains how to manage the innovation process, this is both in organization and product innovation. The concept allows engineers and managers to cooperate and understand goals and processes of the organization. Innovoation enables companies to respond to internal or external opportunities. Innovation, therefore, is not relegated to RD but rather to every staff at every level. On the other had the concept of entrepreneurship is simply starting ones own business. This concept was was introduced in 1700s, and surely this concept is more than just starting a business. The entreprenueurs role as an innovator is to market his innovation. Entreprenuers develop goods or services that solve problems in the market, this is done through innovation. The drive for improvement and innovation creates change and upheaval. In both concepts, innovation is necessary for sustainance of the business and improvement in terms of giving it competitive advantage. Innovati on concept is quite diverse and it depends mainly on how the innovation will be applied. Innovation is when new ideas are successfully exploited. This translates to companies success in terms of increased revenues, profits , increased market share among other benefits (Hahn, n.d.). Similarities. There are various concepts of innovation and entrepreneurship, but what is similar in the concept is that both small companies and large corporations face short term pressures that that constrain innovation. As soon as a company gets success with innovation it faces a race against numerous copy cats . second, large corporations are borrowing a leaf from start ups or entrepreneurial businesses by embracing a open innovation policy and thus reducing hierarchical management while also integrating entrepreneurial behaviors within their existing capabilities. And third, innovation has become service and product oriented (Kahn, Kay, Slotegraaf, Uban, 2013). Examples An entreprenuers role is to maintain and create an environment that allows for innovation. For example, is when an enterreprenuer comes up with a new way to offer solid waste management in a locality. Key motivators Entrepreneurs are risk takers who take major financial risks. They work long hours and do what they can to stay afloat. Despite these challenges and hard ships there are rewards which are the motivators that serve as a drive to most entreprenuers (Uzor, 2011). Money. Entreprenuers get into the game because there is potentuial to make lots of money. Money is the main motivator for most entreprenuers. However there are a lot of people who venture into the entrepreneurial field only to be discouraged and leave it. There is a correlation between a good idea and timing. There are countless people who can be used as examples of how great timing coupled with a good idea can translate into money for most people (Ledwith, Coughlan, Bessant, 2009). Entrepreneurial moguls such as billionaire Mark Zuckerberg and Richard Branson are some of the great success stories of entrepreneurship. Flexibility. Entrepreneurship offers flexibility for those who are tired of the demands of traditional work. Working long hours, and being stuck in the same old rut of responsibilities become things of the past. Entrepreneurship frees ones from such restraints by being your own boss. You can work at the hours that are you feel are most effective and its still rewarding. For example, an entrepreneurs may work from 11 am to late in the night not like any other day job. Control. The Desire to be in control drives many entrepreneurs to start up their own businesses in the long run. Employees who are tired of working under inept bosses. This is one of the motivators of entrepreneurship. When a worker is tired of the companys poor performances they sometimes Legacy In some instances some entrepreneurs are not just after the money but a lasting legacy. They might even start the business to pass it to future generations (Qingrui, 2012) Discuss what the main challenges would be for the adoption and diffusion of a new, radical innovation, In order to achieve productivity increase, incorporating innovation into companies is key. There are two strategies for this: Develop innovation and / or adopt innovation. Currently, the Technological Diffusion Competition aims to bring knowledge, technologies and best productive practices to a group of companies, preferably SMEs, through diffusion and technology transfer activities that contribute value to their productive performance (Reinertsen, 2009). Finally, the strong commitment of various public and private actors to promote innovation in entreprenurial businesses should be recognized. Today in our country, there is an ecosystem conducive to innovation and our companies are much more aware of the value generated by innovation, reflected in the historic increase of companies that in this last time postulated the various public incentives to innovate. Disruptive innovation This happens when a new product, service or business model changes the old way of doing business, making it obsolete. It used to happen only a few times per decade, but now I see disruptive innovation as the salient point of all the business plans I read. That means if your new startup does not plan to constantly innovate, your company may not achieve corporate status. Structure The design of organizational structures that increase the capacity for technical innovation requires a focus on the external inputs that the organization receives and the final results it produces. According to (Reinertsen, 2009) An effective R D organization needs appropriate inputs of technical and market information and requires that its results are integrated into the overall objectives and transferred to the end user. Some structures in organizations do not support innovation (Trott, 2008). References Annacchino, M. (2003). New product development. Amsterdam: Butterworth-Heinemann. Annacchino, M. (2007). The pursuit of new product development. Amsterdam: Butterworth-Heinemann. BREUER, H. (2016). INNOVATION MANAGEMENT. [S.l.]: PALGRAVE MACMILLAN. Earle, M., Earle, R., Anderson, A. (2001). Food product development. Boca Raton, Fla.: CRC Press. Gao, L., Li, W., Zhao, Y., Li, X. (2012). Advances in product development and reliability III. Stafa-Zurich, Switzerland: Trans Tech Publications. Hahn, T. Cross-industry innovation process. Jones, O. Tilley, F. (2003). Competitive advantage in SMEs. Hoboken, NJ: J. Wiley. Kahn, K., Kay, S., Slotegraaf, R., Uban, S. (2013). The PDMA handbook of new product development. Hoboken, N.J.: Wiley. Konstadakopulos, D. (2004). Learning for innovation in the global knowledge economy. Bristol, UK: Intellect. Ledwith, A., Coughlan, P., Bessant, J. (2009). Managing innovation in SME's. Newcastle: Cambridge Scholars. Mellor, R. (2003). Innovation management. Nrum: Globe. Mital, A. (2008). Product development. Amsterdam: Elsevier/Butterworth-Heinemann. Qingrui, X. (2012). Leverage innovation capability. Singapore: World Scientific Pub. Reinertsen, D. (2009). The principles of product development flow. Redondo Beach, Calif.: Celeritas. Reporting intellectual capital to augment research, development and innovation in SMEs. (2006). Luxembourg. Sargent, M. (2014). The Innovation Process. Cork: BookBaby. Trauffler, G. Tschirky, H. (2007). Sustained innovation management. Basingstoke [England]: Palgrave Macmillan in association with the European Institute for Technology and Innovation Management. Trott, P. (2008). Innovation management and new product development. Harlow, England: Financial Times/Prentice Hall. Trott, P. (2008). Innovation management and new product development. Harlow, England: Financial Times/Prentice Hall. Uzor, O. (2011). Clusters, Networks, and Innovation in Small and Medium Scale Enterprises (SMEs). Frankfurt: Lang, Peter, Internationaler Verlag der Wissenschaften.

Key Deer Essay Example For Students

Key Deer Essay The Key Deer is a small species (in population and in stature) of deerthat lives in the Florida Keys. It is in the same family as the Virginia whitetailed deer. The Key Deer is about 26 inches tall and weigh an average of about55 pounds. The males have antlers, and the antlers grow in cycles. They droptheir antlers at the beginning of spring, and they grow back by June. The deerfeed on indigenous plants including the red mangrove, the black mangrove, andthe white mangrove. The Key Deer can drink water with some salt in it, but needsfresh water to survive. Although it seems awkward, the Key Deer is a fairly goodswimmer, and at times will swim from key to key. The Key Deer are endangered fortwo main reasons, the first and most detrimental is the loss of habitat. TheEverglades has been cleared away for highways, and other commercialdevelopments, and it has caused a huge drop in the population of Key Deer, amongother animals. Another big reason why Key Deer have been disappearing are the highways in southern Florida. You have heard the expression like a deer inheadlights, and it is used because when deer see headlights, it freezes. The Key Deer are endangered for two main reasons, the first and most detrimental is the loss of habitat. The Everglades has been cleared away for highways, and other commercial developments, and it has caused a huge drop in the population of Key Deer, among other animals. Another big reason why Key Deer have been disappearing are the highways in southern Florida. You have heard the expression â€Å"like a deer in headlights†, and it is used because when deer see headlights, it freezes. This, although it makes for a good simile, causes a lot of road kill accidents with Key Deer. The National Key Deer Refuge was opened to breed Key Deer, and since its opening, the population has increased by almost %600!!! Also, Ms. Riskin, please make sure that you do not feed any Key Deer, because it causes them to be comfortable around humans, which sounds nice, but it is part of the reason that they hang around near the highway. So, that just about sums it up; thanks for not feeding Key Deer, and keep your foot on those breaks. Bibliography:â€Å"Key Deer† February, 2000 http://www.shadow.net/~grgreen/glades/deer.htmlKirkpatrick, Charles M. â€Å"Deer† The World Book Encyclopedia. Volume D, 1986R., Austin. â€Å"Key Deer† February, 2000http://www.miamisci.org/ecolinks/everglades/keydeerinfo.html