Proposal for a Business Incubator Project Coursework

Proposal for a Business Incubator Project - Coursework Example The project is commercially viable as a business and will form foundation for the development of new businesses and entrepreneurship. Background There is a growing preference among the young people for self-employment with plans for future expansion through experience and accumulated knowledge gained over the period of time in the business. The initial expenses in setting up the office for the business involve rental, purchase of office equipments and appointment of office assistant, in addition to purchasing vehicle for transport in connection with the business. Many of the dreams and well conceived plans for the businesses do not see the day light due to lack of seed capital. The business incubator project proposed is expected to address these problems effectively with little investment on the part of the entrepreneur. Business problems and the concept underlying the project The project aims to solve the problems in raising seed capital for the businesses by the entrepreneurs. The businesses initially started by the entrepreneurs are mostly one man shows. The entrepreneurs need to plan their businesses, establish administrative facilities for the businesses and engage in marketing their products or services. The most important part in the initial stages of the business is to establish office facilities or creating an ‘address’ for the business. This is important since the suppliers or service providers, the customers and other agencies need to contact the people in business in person or send couriers or leave messages. It is also required for storage of materials like drawings, CDs and books connected with the business. Therefore, a place with easy access to customers will be useful in keeping the contacts alive for growth in business and for being abreast of the developments in the markets and technology. Costly rental, capital investment needed for installation of facilities and working capital required for maintaining the office or work place act as deterrents in start-up businesses in most of the cases. Therefore, if the problems associated with this part of the business are effectively addressed, the entrepreneurs are free to plan their other business and marketing activities without bothering about the issues related to establishment of an office. Solution to the business problems There are several jobs which require minimal paper work but extensive travelling in meeting the customers to explain about the product or services. For example, CRM software for a small boutique, clubs or optical products stores keeping in tune with the changes taking place in technological front could catch up in the market in future. Sophisticated software used by the big corporations will be too costly to install in small businesses. This software developed by an entrepreneur might solve various issues connected to the data management relating to small businesses. The development of software is not a problem to a software engineer. But, m arketing of the software needs extensive travelling, demonstration of the product to the prospective clients’ needs conference hall and the business needs an office to attend the calls of the clients and receive the couriers addressed to the business. It is also important to note that the office should be equipped with facilities for communication,

First Experiences in College Essay Example | Topics and Well Written Essays - 250 words

First Experiences in College - Essay Example Personal Narrative An example of a common difficulty experienced by students in their first days is solitude when they still lack friends. Students have uneasy times, usually dealing with strangers and possible humiliations that they may face. Cultural diversity among the students who are strangers can cause tension. Racial tensions, for instance, are common among new college students (German 155). Interaction among the students may encourage interpersonal efficacy, betterment of self-confidence and self-awareness (Burks 110). During my first days, I maintained openness and, therefore, managed to make friends. In cases when a student does not have any familiar person studying in the college, he or she may experience isolation (German 156). Isolation may result to other detrimental emotional conditions. Time management without factors compelling students is another issue they find challenging during their first days in college. It is a student’s absolute responsibility to be disciplined to master the essence of proper time management, which is crucial to success in college education. I learnt that responsibility is an invaluable virtue for every college student.

Novel effect Essay Example for Free

Novel effect Essay I think Mary Shelley used language to develop lots of atmosphere in chapter five, I think this is because this huge build up of atmosphere makes you read faster and faster, and makes you want to read more. She uses many long, complex sentences, such as Delighted and surprised, I embraced her; but as I imprinted the first kiss on her lips, they became livid with the hue of death; her features appeared to change, and I thought that I held the corpse of my dead mother in my arms; a shroud enveloped her form, and I saw the grave-worms crawling in the folds of the flannel, this creates tension, giving the novel more effect. As she has used so many long complex sentences, many commas and semi-colons are used, this makes the reader pause a lot whilst reading, giving the effect of many short sentences, embedded into long, complex ones. As well as these sentences, she also uses many short sentences, and all of these changes lead you to read faster, which creates more tension. An example of one of the short sentences used is Beautiful! Another way Mary Shelley may have wanted to create atmosphere is by using many powerful adjectives such as dreary, and miserable. Words like these also give the effect of imagery, as well as creating huge amounts of atmosphere. Many other phrases in the book also help build atmosphere, many of which are things Frankenstein says, often about his monster. Examples of this are miserable monster, and wretch. I think Mary Shelly also created atmosphere another way, without the reader even realising she is trying to. In the novel, many archaic words and phrases are used, like lassitude, and I beheld the accomplishment of my toils. These words and phrases suit the gothic horror style the novel is written in, and help build up atmosphere. They also give the impression something spooky is going on, as they dont sound like words we would use today. Also, naturally, people are scared of things that are unfamiliar, and Mary Shelley may have used these archaic words to give the book more of a spooky effect. I feel that chapter five links to the key themes in the novel, and I think the main one is the fact that Mary Shelley may have been hinting in her novel, that you cant play god, and in chapter five, that is what Frankenstein is obsessed with doing. His friend, Henry, also notices this, and states I did not before remark how very ill you appear; so thin and pale; you look as if you had been watching for several nights. This implies that Frankenstein is an extremely obsessive character, and that he will not rest, until he has fulfilled his goal, creating life (playing god). The rest of the novel is about how Frankensteins desperation for power, comes back to haunt him. I also feel that chapter five links in with the key theme in the novel in another way. Whilst taking about her novel, Mary Shelley said Frightful must it be; for supremely frightful would be the effect of any human endeavour to mock the stupendous mechanism of the Creator of the world. I feel that the meaning of this phrase, is that she is saying only god should have the power over life and death, and anyone who tries to defy him (by creating life), should be scared, as he will not accept it, and punish the person who defied his right. I think that in her story, she was subliminally hinting this, as she constantly refers to god. When Frankenstein is running away from the monster, the night it is created, he sees the steeple, its white steeple, and many other hints are also made. She could be hinting that straight after the monster is created, god has planned what will happen next. Furthermore, this shows that in the 19th century people were extremely religious, and took care about what they did, as they did not want god to punish them for their actions. Also, the phrase infuse a spark of being into the lifeless thing that lay at my feet, is stating that he is going to use electricity of some kind, to bring the thing, to life. This relates to galvanism, which is the process of running charges of electricity through dead animals and trying to bring them back to life, in actual fact, the charges were just making the muscles of the dead animal spasm. So the phrase shows that in the 19th century, many people were trying to bring dead things back to life. Mary Shelley got the idea of using lightning to bring the monster back to life from Luigi Galvanis idea of galvanism, we know this because as well as overhearing her husband and Lord Byron talking about it, she was also very up to date with scientific experiments at the time. Furthermore, chapter five also gives us a better understanding of 19th century prose. The words and phrases in chapter five, are typical of 19th century language, for example, the phrase infinite pains and care I had endeavoured to form, is a phrase we would not use nowadays. Phrases such as this tell us that in the 19th century, writers would write in a much more formal style. I think that this is because in the 19th century, anyone who could read and write would be from an extremely wealthy family, and books were written to suit their style of language, not for the middle class. Another example of a 19th century word is countenance (another word for face), at present time, people are always looking to find abbreviations, so they can communicate faster, however, words like countenance are much longer, and more suited to the formal 19th century style of literature. From chapter five, we can also learn that in the 19th century, writers would use lots of powerful adjectives, and 19th century works would be very descriptive, with lots of imagery. Examples of powerful descriptive phrases, and adjectives are grave-worms crawling, and demonical. These words add lots of atmosphere to the story, and there is a strong use of imagery. The final thing I have learned about 19th century prose from chapter five is the use of colons and semi colons. Mary Shelley uses many semi colons and commas in the novel, and her use of commas and semi colons allows her to build atmosphere using long and complex sentences, and then often rapidly switch to a short one, for example I took refuge in the courtyard belonging to the house which I inhabited; where I remained during the rest of the night, walking up and down in the greatest agitation, listening attentively, catching and fearing each sound as if it were to announce the approach of the demoniacal corpse to which I had so miserably given life, then, the first sentence in the next paragraph is just the word Oh! This shows that in the 19th century, very often, some people would use commas and semi colons often, instead of full stops.

Essay on Internet Privacy - Carnivore, and the Power Of FBI Surveillanc

Carnivore: The Power Of FBI Surveillance      Ã‚  Ã‚   Abstract:   This paper provides an analysis of the privacy issues associated with governmental Internet surveillance, with a focus on the recently disclosed FBI tool known as Carnivore. It concludes that, while some system of surveillance is necessary, more mechanisms to prevent abuse of privacy must exist.    Communication surveillance has been a controversial issue in the US since the 1920's, when the Supreme Court deemed unwarranted wiretaps legitimate in the case of Olmstead v United States. Since telephone wires ran over public grounds, and the property of Olmstead was not physically violated, the wiretap was upheld as lawful. However, the Supreme Court overturned this ruling in 1967 in the landmark case of Katz v United States. On the basis of the fourth amendment, the court established that individuals have the right to privacy of communication, and that wiretapping is unconstitutional unless it is authorized by a search warrant. [Bowyer, 142-143] Since then, the right to communication privacy has become accepted as an integral facet of the American deontological code of ethics. The FBI has made an at least perfunctory effort to respect the public's demand for Internet privacy with its new Internet surveillance system, Carnivore. However, the current implementation of Carnivore unne cessarily jeopardizes the privacy of innocent individuals.    There is considerable utilitarian value in extending privacy rights to the Internet. The fear that communication is being monitored by a third party inevitably leads to inefficiency, because individuals feel a need to find loopholes in the surveillance. For instance, if the public does not feel comfortable with communica... ... best way to establish this balance of power is by requiring the FBI to have the ISP's perform the searches themselves.          Works Cited Kevin W. Bowyer. "Ethics And Computing". IEEE Press, New York. 2001. (142-143).    Patrick Ross. News.com. http://news.cnet.com/news/0-1005-200-2713029.html September 2000    Patrick Riley. Fox News. http://www.foxnews.com/national/071100/carnivore.sml July 11th, 2000    Donald M. Kerr. FBI. http://www.fbi.gov/pressrm/congress/congress00/kerr090600.htm September 6th, 2000    IITRI. http://www.usdoj.gov/jmd/publications/carnivore_draft_1.pdf November 17th, 2000.    Thomas C. Greene. The Register   http://www.theregister.co.uk/content/6/15591.html December 19th, 2000    Chris Oakes. Wired News. http://www.wired.com/news/politics/0,1283,37470,00.html July 12th, 2000

Consideration is the essential element Essay

Introduction 1 According to Lord Pollock’s definition of consideration which is an act or forbearance of one party, or the promise thereof, is the price for which the promise of the other is bought and the promise thus given for value is enforceable.2 Besides that, consideration must be something of value given or promised in exchange for the promise given by the other party in order for a valid contract to be formed.3 The term â€Å"something of value† can be defined as a payment, an act or services, an object or giving up legal right. There are certain rules of consideration that have been established in the precedent case. The first rule of consideration is it will only exist when a contract is to be enforceable.4 Secondly, a good consideration can be done in the present and future but not the past.5 A consideration can be done even though the promisor has no knowledge of it.6 The fourth rule of consideration is it does not have to be adequate or commercially realistic.7 Also, consideration must be tangible and cannot be too vague. 8 Lastly, consideration must be legally sufficient in the eye of the law.9 The objective of this research essay is to discuss and explain the rule of the consideration which is consideration does not have to be adequate or commercially realistic but it has to be sufficient and how these legal concepts relate to the cases. Thus, this research essay also discusses whether Australia contract law should provide greater clarity about what is sufficient consideration. Consideration can be Nominal It is one of the rules of consideration where consideration does not have to be adequate or commercially realistic.10 This rule simply means that the price in return does not have to be right.11 Thus, court will not look into whether the price is adequate or not, as long as some price is paid, the court will not look further about it. Even though it is a very low price or a nominal price is paid or promised, the price might be a price in name only. The case of Thomas v Thomas12is often cited on this rule. In the case of Thomas v Thomas where Thomas was ill and he had made a will but had made no provision for his wife’s residence after his death. He called his executor and requested that when he died his wife could live in his house until her demise. The executor agreed and later drew up an agreement with  the Thomas’s wife. She was requires to pay $ 1.00 per year to stay in the house until she died. The court held that, any amount of money is enough to support a contract even though the price that requires to paid was only a nominal price. Thus, the court will not look behind the price as long as a price is paid or promised. Through the case of Thomas v Thomas, it shows that any some of money even it is small or nominal, it will constitute good consideration for a contract.13 Besides that, the court are not involved in the price detailed for two reason which the first is the â€Å"freedom of contract† principle applies and the second reason is that the case wouldn’t end if the court did look into more detail of the price to be paid.14 Furthermore, consideration does not only express in currency terms, it can also be anything valuable. This concept has been stated in the case of Chappell & Co v Nestle Co Ltd.15 In the case of Chappell & Co v Nestle Co Ltd, Nestle want to promote their sale of the chocolate, they offered recorded music to the public for the sterling equivalent of 15 cents, but buyers had to also send in the wallpaper from three 5 cents chocolate bar. Where, Chappell owned the copyright of one of tunes in the free record so they charge Nestle 6.25% of the retail selling price. Chappell claimed revenue of 6.25% of the record price plus the value of three chocolate bar wrappers. The court held that the empty wrappers were part of revenue collected. The fact that the empty wrappers have no intrinsic value to Nestle was irrelevant. Thus, the consideration for the free record was the money plus the value of three chocolate bars wrappers. As we can see from the case of Chappell & Co v Nestle Co Ltd, the chocolate bars wrappers would have constituted sufficient consideration in the eye of the law.16 Therefore, consideration does not only express in money term, it can also be anything that is valuable. Consideration must be tangible This is another rule of consideration where it must not be too vague or indefinite.17 Consideration must be tangible but not nebulous.18 This has been shown in the case of White v Bluett.19 In White v Bluett, a son  borrowed money from his father and signed a â€Å"promissory note† to prove the debt. He notices that similar loans were made by his father to his brother without a note having been signed. He harassed his father, and his father told him that he would forgive the repayment of debt if the son ceases the harassment. After the father died, the administrator of the estate found out the note and sued the son but the son argued that the debt had been forgiven in consideration of his undertaking to cease harassment. The court held that there is no consideration as the promise was too vague to have legally recognized value. From the case of White v Bluett, it shown that if a promise is relied on as consideration is too vague and indefinite that the courts will not enforced it and it will not constitute consideration.20 Consideration must be Legally Sufficient This rule simply mean that consideration must be sufficient and it must have a legally value recognised value.21 Thus, a mere moral obligation or the natural love and affection do not deliver sufficient consideration.22 This has been shown in the case of Eastwood v Kenyon.23 In this case, as a guardian, Eastwood had incurred many expenses for the girl. 24 As an adult, the girl and her husband Kenyon promised to pay Eastwood.25 At the end, they refuse to pay back then Kenyon was sued upon this promise. Therefore, the situation show that such a moral obligation is not a consideration.26 Besides that, in general rule a promise to perform an existing obligation is not a sufficient consideration as it promises no more than what that party already bound to do.27The rule expresses the concept of illusory consideration. Thus, when there is a promise not to sue, or when there is an abandon to a claim, it can be a sufficient consideration. This has been shown in the case of Wigan v Edward28. Where the court decision is that, given that the buyer honestly believed that they do not need to settle unless he rectified the defects, the compromise of that belief provided good consideration for the builder’s promise.29 Furthermore, performing an obligation under a pre-existing contract is not a good consideration for a new promise for extra payment unless the performance of the obligation requires additional tasks to be completed or  involves providing additional practical benefit to the promisor.30 The additional practical benefit is an exception to the rule that a promise to carry out a pre-existing duty may create valid consideration. This has been show in the case of Williams v Roffey Bros & Nicholls (Contractors).31 In Williams v Roffey Bros & Nicholls, Roffey were a firm of builders contracted to renovate a block of flats. Their own contract contained a penalty clause for late completion, so it was in their interest to finish the work in time. Part of this work they sub-contracted to Williams. As work progressed, Williams fell behind schedule because, they claimed, they had not set an adequate price for the work. They negotiated a new deal with Roffey that an additional sum was to be pay on the completion of each building. When the next building was complete, Roffey refused to pay. The court held that, there was consideration in this case as the new agreement conferred additional practical benefit on Roffey, in particular an early completion would allow them to avoid the exercise of the penalty clause. As we can see from the case of Williams v Roffey Bros & Nicholls, a promise to perform an existing contractual duty does not provide valuable consideration but the case show that Roffey had provide additional practical benefit and then consideration exist. Conclusion In conclusion, consideration must be of sufficient value in the eye of law and it must be something that identifiable and tangible. Thus, it does not have to be commercially adequate to the promise as the parties are free to make their own bargains and the court will not get involve into the commercial adequacy.32 Therefore, Australia Contract Law should not provide greater clarity as it is a sufficient consideration.

Evolution And Natural Selection The Benefits Of Mutation

Evolution and Natural Selection; The benefits of Mutation Areeba Yousuf Introduction Charles Darwin, a naturalist around the 1800’s , discovered the theory of evolution. He discovered this observation of evolution with his voyages around the world. The specific animals that proved Darwin s theory were the finches he discovered in South America, and then found many variations at many different places. He studies these finches in depth and discovered that they were similar yet somehow different; the first indicator being their beaks. Darwin slowly understood that the reason as to why there were different formation of beaks for the fiches was because of the environment and the food source they found there. This is how the â€Å"Tree of†¦show more content†¦Eventually, this trait will be passed onto generations forward. Evolution and the process of natural selection happen over a long period of time. In order to explore the evolution of species adapting to the their environment, in this case, the species being beetles, the purpose of this lab was to investigate evolution of beetles as they adapt to their different colored environments and to see how favorable traits are passed off to offspring in relation to the survival rate of the beetle’s species. This experiment would successfully prove Darwin’s five step natural selection process: â€Å"To summarise Darwin s Theory of Evolution; 1. Variation: There is Variation in Every Population. 2. Competition: Organisms Compete for limited resources. 3. Offspring: Organisms produce more Offspring than can survive. 4. Genetics: Organisms pass Genetic traits on to their offspring. 5. Natural Selection: Those organisms with the Most Beneficial Traits are more likely to Survive and Reproduce.† (The Theory of Evolution; Charles Darwin,2012) The hypothesis is that if more mutation that leads to variation in the population of beetles is an advantage then the resulting offspring would carry on the favorable genes, causing increase in the population’s fitness and survival rate. Materials and Methods The experiment was conducted on March

A Firms Superior Performance - 1544 Words

A firm’s superior performance is contingent upon a sustainable competitive strategy and a firm’s strategy refers to ‘a set of actions that its manager takes to outperform its competitors and achieve superior profitability’ (Thompson, Peteraf, Gamble, Strickland, 2016, p.3). A strategy becomes sustainable when it produces enduring success that can support the company’s consistent growth. The designing of a strategy entails the understanding the company’s present situation which are comprised of two distinct facets: external environment and internal environment (Thompson et al., 2016). It is generally accepted that the performance of a company is accelerated when the strategy encompasses the alignment of both external and internal environments of a company (Kaplan Norton, 2008; Maier Pop, 2012). In spite of this consensus, there is a longstanding debate regarding whether external or internal environment has greater influence on the companyâ⠂¬â„¢s performance (Wit, 2010). For some logical perspectives, it is favored that a firm’s internal environment has greater influence on the firm’s performance than external environment. In alignment with the argument, pertinent strategic concepts and theories are analyzed along with the example of a company, Toyota Motor Corporation. This argumentative essay flows starting with a brief overview of Toyota Motor Corporation and then the arguments along with the concepts of resource and capability analysis, SWOT analysis and value chainShow MoreRelatedHuman Resource Management At The Management Field849 Words   |  4 Pages(HRM) to improve firm’s performance and underpin its strategy. While there is evidence that HRM practices can improve organizational performance, a key issue is understanding if such improvement qualifies as competitive advantage or merely achieves competitive parity. Several authors agree that people are sustainable source of competitive advantage [Pfeffer, 1995]. 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