Enterpreneurship Essay Example | Topics and Well Written Essays - 1000 words

Enterpreneurship - Essay Example It is evident that e-mail, the notable contribution of information technology provides users with a simple and inexpensive way of communication. Over the last decade, more high-tech communication facilities have been developed including voice over internet protocol telephones and smartphones, which allow personnel to communicate through live chat systems. Likewise, data management is another important role of information technology in modern organizations. As MacKechnie points out, many of the companies nowadays deploy digital versions of documents on storage devices in order to get rid of the troubles associated with bookkeeping. This system promotes easier and immediate access of data in a multinational corporation regardless of its geographical locations. In addition, the IT plays a notable role in managing the inventory levels of an organization. Since purchase, production, and distribution processes of a firm are connected by a computer system, it is possible to maintain effecti ve control over stock and to ensure inventory optimization. According to McAulay, the management Information Systems (MIS) greatly assist companies to accurately trace productivity levels, sales data, and operational expenses. Thus, the information gathered can be effectively employed to analyze profitability, to point out areas of improvement, and finally to increase returns on investment over time. Furthermore, Customer Relationship Management (CRM) system is an effective application of information technology that stores every interaction a company makes with its customers. Such a system aids the company to deliver improved services to its customers and thereby to maximize its sales volume. Impact of IT on entrepreneurs and their organizations According to John, since information technology plays a vital role in transferring technology from institute to industry, it greatly assists entrepreneurs by introducing technological changes in management and emphasizing on their relevance in the present environment. John adds that IT sector provides information to all business entrepreneurs without any discrimination (109). This easy accessibility to information has greatly aided entrepreneurs to focus more on their planned venture. In addition, IT also ensures that entrepreneurship is not concentrated in particular area or people. The affordability of information assisted entrepreneurs to bring greater and deeper improvements in their venture. The IT developments enhanced cross border information sharing and this situation greatly aided entrepreneurs across the globe to effectively plan their venture development process. The developments in information technology â€Å"will also bring about access to just-in-time information of business opportunities† (John, 109). The emergence of e-commerce was a milestone in business management that entirely restructured the way organizations provide value to external and internal customers. In short, the rampant developmen ts in IT sector including the introduction of e-commerce were helpful to entrepreneurs to redesign their operations so as to ensure increased customer satisfaction. 2. Differences in Asset Structure Across the global market, today’s economy is considered to be the â€Å"knowledge-based economy†, where the responsibility of creating value lies heavily on the various kinds of assets related to all kinds of knowledge, which is called the intangible

Causes of World War I Essay Example | Topics and Well Written Essays - 1000 words

Causes of World War I - Essay Example This is what will be dissertated in the following. "Facts are mere accessories to the truth, and we do not invite to our hearth the guest who can only remind us that on such a day we suffered calamity. Still less welcome is he who would make a Roman holiday of our misfortunes. Exaggeration of what was monstrous is quickly recognized as a sign of egotism, and that contrarious symptom of the same disease which pretends that what is accepted as monstrous was really little more than normal is equally unwelcome." (Max Plowman from Subaltern on the Somme). World War I, which has also been known as the First World War and the Great War, lasted from August 1914 to the final Armistice on November 11, 1918. Ultimately, this war created a decisive break with the old world order that had emerged after the Napoleonic Wars, as modified by the mid-19th Century national revolutions, "the processes of European national unification and European colonialism." ("Wikipedia", 2006). Unlike World War II, the circumstances leading up to World War I are more politically complex. There are several commonly used explanations towards the reasoning for the cause of World War I, some of which are as follows: The actual 'spark' of World War I occurred after the assassination of the Archduke Francis Ferdinand, heir to the throne of Austria-Hungary, and his wife by a Serbian nationalist on the morning of June 28, 1914, while traveling in a motorcade through Sarajevo, the capital city of Bosnia and Herzegovina. "The Archduke was chosen as a target because Serbians feared that after his ascension to the throne, he would continue the persecution of Serbs living within the Austro-Hungarian empire." ("Cyber", 2006). The humiliation of Germany, which occurred after Austria attacked Serbia on July 29 and Germany invaded Belgium on August 3, in accordance with the Schlieffen Plan. The guilt plause in this particular situation portrayed Germany and Hungary as being the aggressors, and therefore as those bearing responsibility for hostilities. What this meant was that Germany was responsible for paying all war costs - including pensions - of the Allies. It has been said by some that "This directly affected the global economy and indirectly contributed to the Great Depression." ("Wikipedia", 2006). Another commonly viewed explanation is that of the building of alliances and the related arms race. This factor was of great significance primarily because of the fact that the incorporation of allies resulted in severe strengths or weaknesses. From the end of the Franco-Prussian War, a system of secret alliances formed and developed in Europe. This of course eventually split the continent into two hostile and separate sides. These secret alliances led to much speculation and suspicion and the belief that far more secret alliances actually existed, then was in fact, the case. The major participants in the related arms race were Britain and Germany, tying in with the concept of new imperialism which gave way to the need for alliances. Competition was another major factor in the cause for World War I. The competition for colonies was a source of much international antagonism. "The great powers sectioned off Africa among them, established spheres of influence in China and sought protectorates elsewhere. Sooner or later this rush