The relationship between entrepreneurship and innovation

The essence of entrepreneurship is to grasp the opportunity, creative resources integration, innovation and quick action. So the essence of entrepreneurship is innovation. Innovation is the soul of business. There is a close inner link between these two.

Narrow sense of entrepreneurship is a economics category, which is refers to the subject in order to create value and employment opportunities for the purpose. By forming a set of enterprise organization form to provide products and services for society economic activity. The business requirement for innovation is not high. More emphasis on economic activity is organized.

Innovation is the new thinking, new inventions and new described as a conceptual process characteristic. Latin origin, meaning it has three meanings. First, the update. Second, creating something new. Third, change. As long as it is business, there is a process from scratch. So innovation is the foundation of entrepreneurship. Entrepreneurial drive the innovation.

Done by Yue Yang

Finance major's employment situation in the United States

Now all the financial problems have digital and quantitative. Many courses to learn a lot of mathematical and statistical methods. It is recommended that is sensitive to digital, and mathematical skills are good for students to learn finance. Otherwise, it may learn more demanding.

Finance mainly study and research in the United States financial markets, including stocks, bonds, derivatives and corporate finance (machine structure, the acquisition of capital) and so on. While the so-called international financial more belongs to economics. The undergraduates in the United States than graduate students is relatively easy to find a job. Because general from domestic have little work experience. Master's degree in the United States cannot compete with the MBA to MBA level position. The position usually need a certain working experience, even have management experience. But read a degree graduate students than undergraduates. So the basic salary will be higher accordingly. When many companies only need to recruit undergraduate position, usually are not willing to pay the graduate level of salary. Unless students have very strong mathematical statistics, modeling capabilities.

Done by Yue Yang

Prompt 7: Comparing Delivery and Style.

sexgenderandsociety2016.wordpress.com/2016/04/07/manhood-and-the-glass-escalator/

Gender stereotypes will always be prevalent in today's society. From a blog discussing gender stereotypes in the business world, Richard Feloni, an author covering business management on BusinessInsider, discusses some of the common stereotypes of women in the business world. He talks about how women will be more prone to quit their job due to them having kids and how they are more likely to be judge when they voice their opinion. From this blog, it shows how women will always have a hard time and it's organized quite effectively. The blog is very straight forward and has bold lettering for each common stereotype.

A scholarly article from authors, Gary Powell, Anthony Butterfield, and Jane Parent, professionals in business at universities in the East Coast, also discuss gender stereotypes in the business world associated with gender. They talk about how women are more gentle and supportive while men are more assertive and competitive.  From the article, it shows gender stereotypes are still common in today's society. The article is more research based due to them actually performing an experiment and drawing conclusions from their research. The article is very research intensive with many sources and is very long.

From these two articles, which are we more likely to trust?

Since the blog has less information and is very straight forward, we are more likely to trust the blog more than the article. In today's society, most people are very lazy and want the information just spoon-fed to them instead of digging through pages of research to find one statistic. It's just how we are in today's society. Not enough time or we're purely just too lazy to do some research. If only we wanted to take the time to dig in, we would be better off as a society.

Citations

Blog:
Feloni, Richard. “The 7 Worst Stereotypes Professional Women Face.” Busines Insider, Business Insider Inc., 21 Mar. 2014, businessinsider.com/worst-stereotypes-of-professional-women-2014-3. Accessed 2 Apr. 2017. 

Scholarly Article:
Powell, Gary N, et al. “Gender and Managerial Stereotypes: Have the Times Changed?” Journal of Management, vol. 28, no. 2, Apr. 2002, pp. 177–193. Google Scholar, Gender Stereotypes. Accessed 2 Apr. 2017.

Done by Amos Ray IV.

Prompt 6: Recognizing Significance.

Finance is the process of creating, moving and using money, enabling the flow of money through a company in much the same way it facilitates global money flow. Money is created by the sales force when they sell the goods or services the company produces; it then flows into production where it is spent to manufacture more products to sell. What remains is used to pay salaries and fund the administrative expenses of the company.

When some element of the finance process breaks down companies go out of business and the economy moves into recession. For example: If a major bank loses a significant amount of money and faces the risk of insolvency, other banks and corporate customers will stop lending or depositing money to the problem bank. It will then stop lending to its customers and they will not be able to purchase the goods or pay the bills for which they were seeking funding. The flow of money throughout the financial system slows down or stops as a result.

All facets of the global economy depend upon an orderly process of finance. Capital markets provide the money to support business, and business provides the money to support individuals. Income taxes support federal, state and local governments. Even the arts benefit from the financial process because they draw their money from corporate sponsors and individual patrons. Capital markets create money, businesses distribute it, and individuals and institutions spend it.

Done by Yue Yang

Technical and Fundamental Analysis.

There are two types of financial analysis: technical analysis and fundamental analysis. Technical analysis looks at quantitative charts, such as moving averages, while fundamental analysis uses ratios, such as a company's earnings per share (EPS).

For example, technical analysis was conducted on the GBP/USD exchange rate after the results of the Brexit vote in June 2016. Looking at the exchange rate chart, it was determined that the rate dropped significantly after the vote on June 23, 2016, and then it recovered over a 48-hour period by 375 basis points (bps).

As an example of fundamental analysis, Discover Financial Services reported first-quarter 2016 results on July 19, 2016. The company had an EPS of $1.40, up from an EPS of $1.33 for the same quarter in 2015, which was a good sign.

Done by Yue Yang

Prompt 5: Interviewing a Professional.

http://www.appszoom.com/android-app/murfees-boutique-bbgdkr.html

Interview with my grandmother, Ethel Golliday, who is an owner of a local clothing store, Murfee's Boutique.

Question 1: What exactly do you do on a daily basis?
Answer 1: During each day, I'm counting inventories, running the cash register while still helping people shop, and changing the display in the front window. Since I'm running this business by myself, I do it all.

Question 2: What do you write normally?
Answer 2: It depends on the day. Sometimes, I will a letter to a company entailing why I want to buy merchandise from them. I also write presentations consisting of what exactly I sell in my store. Just recently, I wrote an ad for the radio promoting my store. Writing is very important while owning a business because I have to communicate with many people believe it or not.

Question 3: What are some misconceptions of owning a business? (What do people think of owning a business?)
Answer 3: People always come in my store and ask if I'm the owner and I always reply with a yes. I think they believe most owners just hire someone to come in and do all the work but that's not me. I like to have complete control and know everything that's happening with my business as soon as it happens.

Question 4: What was the hardest objective when opening your business?
Answer 4: The most difficult challenges when opening my business would be between picking the venue or determining my marketing strategies. Since I was doing everything on my own, it was a lot harder to determine what would work best. I did ask select people for their input however.

Question 5: Any final thoughts about owning a business?
Answer 5: Owning a business is definitely hard but it's not impossible. Anyone can own a business if they have the willpower and drive to brainstorm. I don't want younger people thinking they can't do it when it's not the worst hurdle in the long run.

What I discovered:
From interviewing my grandmother, I discovered in the business world, success is heavily determined by effective communication. My grandmother said she has written letters and presentations to help her market her business. I guess I never knew business was all about effective communication. I also learned more about what is hard when opening and running a business. The interview with my grandmother was very helpful in understanding communication in the business world. She makes it sound so easy though.

Done by Amos Ray IV.

6 of the Best Kept Secrets of Successful Business People.

1. The worst-to-best scale.
2. Self-investment yields the biggest returns.
3. Exploit benign manipulation.
4. Successful people are never bored.
5. Success doesn't change successful people.
6. Success means different things to different people.

claytransformations.info/imagekdb-key-to-success-images.html

     Success is important to mostly everyone. It's a way to determine if you're actually taking advantage of all the possible opportunities presented to you. However, success doesn't come easy. An article written by Dan Deceuster, a successful businessman and entrepreneur, lays out 6 guidelines which set good business people and the best business people apart. The article exploits what isn't common sense for some people such as these so called "secrets".  A secret from the article that resonates with me would be secret 3, "Exploit benign manipulation" (Deceuster para 11). Benign manipulation isn't using deceitful or hateful forms of manipulation but rather connecting with people which will make it easier to land a sale. When we ask questions about someone's life, it's almost like playing a game of tennis. We wait for them to hit us back with a question to build that connection with us. This "game" will later help people like you more as a person and it'll be easy to sell just about anything since you're more personal with them. This is the most important secret from the article because it forces people to connect and that's really all business is. Connecting.


Citation:

Deceuster, Dan. “6 Of the Best-Kept Secrets of Successful Business People.” Inc.com, Inc., 24 Sept.   2014, inc.com/quora/6-of-the-best-kept-secrets-of-successful-business-people.html. Accessed 12 Mar. 2017. 

Done by Amos Ray IV.