Benefits And Benefits Of Soliciting Internships - 973 Words

Approving Internships Internships give people a good opportunity for getting a job in the future. Internship students are not getting paid from the company who has hired them. Even though, people do not like internships they will get the experience from that job. Having this internship is helping people understand how the real life job is. People are even building a reputation with others. For example, people are getting noticed from others companies. Internships helps students to take the next step up in being an employee. Taking internships with no pay has its advantages for the students due to the fact that experience is received. It is said that students learn by their own mistakes. From personal experience it is beneficial to take internships even if that means people are not getting paid. While taking an internship I was learning what the job description really was. I had realized what it was like to be on my feet for 8+ hours, and seeing patients constantly until the day was finally over. I have learned how important it was to be punctual, responsible, and very cautious. The most advantage in taking this unpaid internship was definitely the experience it provided for my knowledge, although I attended college and received a degree, when you are in a situation on your own you begin to realize that taking that internship was the best decision. Now according to NACE’s Class of 2015 Student Survey, 62.8 percent of respondents took part in an internship. Co-ops, on theShow MoreRelatedBenefits Of A Volunteer Summer Internship At St. Mary Hospital994 Words   |  4 Pagesthis to yourself.† â€Å"You’ll never have a family if you go to medical school.† â€Å"The two worst jobs in America belong to physicians and teachers.† Without even soliciting their advice, physicians noticed my â€Å"Pre-medical Volunteer† nametag, and immediately approached me with words of discouragement. I participated in a volunteer summer internship at St. Mary Hospital in Langhorne, Pennsylvania, following my sophomore year of college, in an effort to gain more experience in the medical field and solidifyRead MoreCase Study : Salary ProgressionsChild Subreddit For Europe738 Words   |  3 Pagessimply to add, make sure you actually make it better. Cheers! Popular Threads Salary Progression as a Software Developer Wheres the Money in Europe? Whats Considered a Good Starting Salary for a Software Developer with a Degree? Internships? Yes, Google does them (also see STEP); Microsoft does them and their own Apprentice program; and your local web-dev shop probably does them as well. How much do I get paid in Europe? Salaries depend heavily on which country youre working inRead MoreHuman Resources Specialist ( Social Security And Benefits2275 Words   |  10 PagesHuman Recourses Management at York University. Finally, graduation is around the corner. It is overwhelming to sit to write about what the future holds after graduation. The position I have chosen is Human Resources Specialist (social security and Benefits) at ICAO. I prefer to work at this organization because it creates better opportunities if a career actor decides to leave the groups at any point. Just like going to Harvard University speaks for itself, working at ICAO, makes a job seeker valuableRead MoreMeadow View Elementary School Is My Practicum Site For My Bachelor Of Social Work Essay1461 Words   |  6 PagesEducation (BOE) and the Director of Hardin County FRYSC. Thus, the coordinator use of shared leadership is more of an invitation for all the staff members to assume greater responsibility and influence. Scott’s ability to utilizes shared leadership benefits the FRC by improving problem solving, using less money, and generating alternatives that would not have been thought of by the BOE or FRYSC coordinator alone as a result shared leadership helps the FRC respond more effectively and efficiently toRead More The American Socie ty Of Criminology Essay1602 Words   |  7 Pagessomething that has always fascinated me, and is a career that I hope to pursue in the future as an FBI agent. I frequently surf the web looking for short stories to read about different criminal cases and to find information about job opportunities and internships. One day I found a website of an organization that studied crime independently of the government. I was immediately intrigued by the organization, and began reading about the American Society of Criminology. â€Å"The American Society of CriminologyRead MoreBus303: Human Resources Management Final Paper1871 Words   |  8 Pagespieces of the puzzle that allow human resources management to exist. Such pieces of the puzzle include, equal employment opportunity, affirmative action, human resources planning, recruitment, selection, development, compensation, benefits, safety, health and benefits. Each of which will be discussed. In human resource management, organizations focus a lot of time and resources finding the right candidate that would occupy the position. Employers are looking for an employee who can manage to fulfillRead MoreVanderbilt Athletics : The Strength Of The Vanderbilt Brand When Recruiting New Student Athletes1796 Words   |  8 Pages Finally, Vanderbilt Athletics heavily benefits from the strength of the Vanderbilt brand when recruiting new student athletes, staff, and soliciting donations. This is demonstrating by their student athlete recruiting slogan,  "The City. The Degree. The SEC.† This slogan acknowledges that Vanderbilt is the only school in the SEC that is located in a major city and according to US News World Report, Vanderbilt is the highest ranked school in the SEC. These differentiating factors are heavily utilizedRead MoreProject Proposal For Improving Inventory Management Essay3084 Words   |  13 Pagesthe firm in such a route, to the point that the expense of warehousing is no more recognizable. The benefit of warehousing turns out to be clear when you think about the a huge number of square feet of extravagant retail space that would need to be expended on the off chance that we didn t have warehouses that supply our downtown retail chains with renewal inventories consistently. The real benefit of warehousing is having the right item in the perfect spot at the ideal time. Warehousing gives spotRead MoreInternational Economic Growth And Prosperity3603 Words   |  15 Pagessupports the cost-effective investm ent and implementation of services by enhancing individual productivity. 2. Create a clear strategy around established pedagogical research and leverage available resources to optimize learning. 3. Engage customers by soliciting, analyzing and implementing feedback to improve training. 4. Establish objectives that align with ITS and WVU s strategic goals. 5. Facilitate professional development within our unit to develop expertise in our respective skills. 6. Foster aRead MoreInternational Economic Growth And Prosperity3605 Words   |  15 Pagessupports the cost-effective investment and implementation of services by enhancing individual productivity. 2. Create a clear strategy around established pedagogical research and leverage available resources to optimize learning. 3. Engage customers by soliciting, analyzing and implementing feedback to improve training. 4. Establish objectives that align with ITS and WVU s strategic goals. 5. Facilitate professional development within our unit to develop expertise in our respective skills. 6. Foster a

Advantages and Disadvantages of Screening in Fetal and Maternal Medicine Free Essay Example, 4500 words

The tests are used to determine the sex of the fetus as well as to facilitate blood group typing. There are two types of prenatal testing used to detect potential fetal abnormalities: screening tests and diagnostic tests 6 These two types of tests are extremely beneficial to detect any kind of birth defect that a baby might have. If primary screening tests demonstrate the baby could be in danger of acquiring some kind of birth defect, then the parents may make a decision to have a more invasive diagnostic test, for example, amniocentesis. Amniocentesis, a test that involves analyzing the baby's DNA from an amniotic fluid sample, is the most accurate prenatal test for these serious conditions in the baby 7The occurrence of Down syndrome and various other kinds of chromosomal problems are seen to increase as a mother age. An incorporated screening test shows that about 94 % children are born with Down syndrome a) Down Syndrome: Down s syndrome is a major cause of concern for pregnan t women and their families as well as the medical fraternity as a whole. This genetic disorder, first recognized by Dr John Langdon Down in 1866 as a distinct condition, hampers the normal growth of a child and can cause moderate to severe learning difficulties 8 in him or her. We will write a custom essay sample on Advantages and Disadvantages of Screening in Fetal and Maternal Medicine or any topic specifically for you Only $17.96 $11.86/page Under the circumstances, it becomes highly significant that some kind of testing should be made available to pregnant women, so as to enable them to properly diagnose the issues beforehand.

Leadership Theories, Moral Leadership, And Situational...

As Christoper Reeve (n.d.) once stated, â€Å"At first, dreams seem impossible, then improbable, and eventually†¦inevitable.† Helping students find a path of academic, social and emotional success that leads them to their dreams is ultimately most schools leaders’ goal. However, the traditional hierarchy form of leadership within the school structure is ever changing to meet the demands of our society and learners. Thus, the successful use of one leadership theory is arduous; there really is no right or wrong; just different perspectives. This paper reviews three leadership theories; moral leadership, servant leadership, and situational leadership. I will discuss each theory as a single entity to demonstrate how the theory depicts the leader in relation to the community. I will further examine the roles and characteristics of the teacher leader within each model. Last, this review will identify how I believe these theories are a blended part of my schoolâ⠂¬â„¢s leadership perspectives. Moral Leadership Leadership is defined by Merriam-Webster (n.d) as â€Å"the power or ability to lead other people.† Schools requires great leaders who can effectively lead teachers, students, parents and the community to believe in the standards and expectations of the school in academics and social realms. Moral leadership philosophy is strongly based on creating a foundation for an authentic community in which everyone in the school community is â€Å"connected by common framework and committedShow MoreRelatedLeadership And Its Theory Of Leadership883 Words   |  4 Pages Leadership Leadership has been around for thousands of years, yet experts are still unable to agree on a universal definition. Perhaps it is because leadership is a complex, multidimensional concept that continuously evolves. Nevertheless, explaining leadership and its theories and approaches is a monumental task (Henman, n.d.). According to Day and Antonakis (2012), leadership is essentially an influencing process. Its effectiveness largely depends on leadership behaviors and followers perceptionsRead MoreLeadership Theories and Principles988 Words   |  4 PagesLEADERSHIP THEORIES AND PRINCIPLES I. Introduction Leadership is a process by which a person influences others to accomplish an objective and directs the organization in a way that makes it more cohesive and coherent. Good leaders develop through a never ending process of self-study, education, training and experience. II. Body/Content Leadership theories have emerged through the centuries. They focus on the qualities distinguished between leaders and followers. Others looked atRead MoreChief Kobys Management Style1551 Words   |  7 PagesIntroduction Effective leaders opt to implement a specific type of leadership style as a result of their personalities and job experiences, and apply it to their organizational structure. However, that particular type of leadership style a leader utilizes may not apply to every job situation (Peak et al., 2010). In order to be an effective leader, an individual must acquire the three basic leadership skills and they are as follows: (1) human relations; (2) conceptual skills; and (3) technical skillsRead MoreLeadership Theories Of President Xi Jinping1894 Words   |  8 Pagesdiscuss of the leadership that president Xi Jinping has been involved. In the beginning, I will give a brief introduction of president Xi Jingping. Secondly, I will discuss what a leadership theory is and how it can help to lead an organization and group. I will focus on discuss two kind of leadership that president Xi has been involved with some example. The two kinds of leadership theories that I will mainly discuss are transactional and transformational theories, and contingency /situational leadershipRead MoreThe Theory Of Leadership Styles903 Words   |  4 Pagesphenomenon of leadership is based upon directing, influencing as well as motivating individuals for the purpose of implementing plans as well as running an organization. Leadership styles vary from person to person and is dependent upon the situations that the leader might be faced with (George, Sims, P. Sims, D., 2007). Basically, the leadership styles have been categorized into six types (i.e. commanding, visionary, affiliative, democratic, pacesetting and coaching leadership styles). All theseRead MoreLeadership Theory, Transformational, And Transactional Theory2421 Words   |  10 Pages Leadership Theories Unit 3 PSF8603 - Management and Leadership Theory Instructor Steven Kline Capella University Ann-Marie Cameron Introduction There are a few leadership theories, but for this research I will only focus on four of these theories. The theories that will be discussed are Situational leadership theory, Contingency theory, Transformational, and Transactional theory. The theory Transformational is pondered by several to be the theory improvement for transactional leadershipRead MoreSituational Leadership Theory, Transformational, And Transactional Theory2386 Words   |  10 PagesIntroduction There are a few leadership theories, but for this research I will only on four of these. The theories that will be discussed are Situational leadership theory, Contingency theory, Transformational, and Transactional theory. The theory Transformational is pondered by several to be the theory improvement for transactional leadership theory, and it appears to have a cumulative number of research studies that are supporting the benefits of this theory. So, I will also compare and discussRead MoreEssay on Different Types of Leadership Theories1334 Words   |  6 Pagesfocus on leadership within an organization and how it affects individual and organizational outcomes specifically using four theories including Fielder’s Contingency Model, Hersey and Blanchard situational leadership Model, Path Goal Theory by House and Dessler and finally the Participative Leadership Model by Vroom and Yetton. Leadership is said to be a dynamic interactive process, which involves the four other man agement functions, planning organizing, directing and controlling. Leadership is oneRead MorePersonal Values And Beliefs Regarding Leadership2289 Words   |  10 PagesLeadership â€Å"If you actions inspire others to dream more, learn more, do more and become more, you are a leader† (John Quincy Adams, as cited in Forbes, 2014, p. 1). A leader is mentor, guiding others to their best. In this paper, I will reflect on my personal values and beliefs regarding leadership. Next, I will discuss a leader in my life that personally resonates with me. I will then discuss the attributes of my chosen leader and relate them to theory on leadership, emotional intelligenceRead MoreThe Case Model Of Leadership1462 Words   |  6 PagesQ1) Given the description of the leadership situation facing the airplane crash survivors described on pages 2-3, how would leader-member exchange (LMX), the normative decision model, the Situational Leadership theory, the contingency model, and the path-goal theory prescribe that a leader should act? Answer) The contingency model of leadership is based upon the relationship between three aspects of leader-follower-situation model. Apart from this contingency model, leaders are assumed to act in

Machiavelli Essay - 1825 Words

Machiavelli I would rather be in hell and converse with great minds than live in paradise with that dull rabble. In his lifes writings, Niccolo Machiavelli, sought out the strength of the human character, and wrote according to his own rules; trying to better the political philosophy of his time. Machiavelli, a fiercely independent Renaissance man, advocated the prosperity of Italian politics, and wanted Italy to rise above the rest of the world. Machiavellis writings dealt with many issues that had not been attacked in his time, and utilized his distinct brand of political philosophy to try and change the politics and government that shaped his era. The Prince, regarded as his most controversial and successful work, spelled†¦show more content†¦Piero de Medici died the same year that Machiavelli was born and his son Lorenzo took over where his father left off (Ridolfi, Roberto p.6). The next years of Machiavellis life included many dramatic experiences that altered the way that he viewed government. The Medici family was overthrown, and the power of the government changed hands when the French, lead by Louis XII invaded Italy (The Prince p. viii). Through decisions made by the Church and Pope Julius II, the Medici family came back to restore order and take up where they left off. It was through these actions that Machiavelli was viewed as unfit for any type of political position and was forced into exile. The Prince, written in 1513, was started during this time of expulsion in order to once again become in the good graces of the Medici family. Unfortunately, that wouldnt happen and he wouldnt return to Florence until 1526, only to die a year later in 1527. Throughout Machiavellis career, he was exposed to a variety of politics; politics of the church, of the Medici family, and politics to stay alive. He had to leave Florence and retire to his country home in San Casciano in order to save his life for his conspiring with the Boscoli-Capponi anti Medicean plot, and recognizing that military (Ruffo-Fiore, Silvia p.v). Machiavellis intentions were always in favor of uniting Italy, but his ideas and actions werent always seen in that light.Show MoreRelated Machiavelli Essay1597 Words   |  7 Pages quot;The term Machiavellian refers to someone who is unscrupulous, cunning, cynical, and unprincipledquot;(Goods 1998). Many scholars agree that this particular adjective would have dismayed Niccolo Machiavelli, the man from whom the term is derived. In reality he has been attributed as being one of the brightest lights of the Italian Renaissance through his works as not only a writer, but also as an influential philosopher of history and polit ical thought. His most famous work The Prince hasRead MoreThe Machiavelli And Machiavelli s The Prince2348 Words   |  10 PagesI have always found great interest in the infamous Niccolo Machiavelli and his ways of thinking; my eye was drawn to him long before I knew I would be studying at Colorado State and even before I had any interest in politics. It was from young man know as Tupac Shakur, and let me tell you it is great to finally understand who Machiavelli is and the things he has done for the outlook on politics after hearing about how much respect and praise he got from the iconic rapper of the 1990s. In this paperRead MoreMachiavelli as a Humanist1886 Words   |  8 Pageswho is concerned with the interests and welfare of humans. Niccolo’ Machiavelli can be thought of as a humanist. Although opinions on this differ greatly depending on whom you speak with. Machiavelli’s life consists of so many examples and lessons that he has learned throughout his lif e. Through my paper, I intend to examine his perception of morality based on his political writings and life experiences. Niccolo’ Machiavelli was born on May 3, 1469 and died in 1527. Although we do not knowRead MorePrinciples Of Machiavelli1615 Words   |  7 PagesIn the 16th century Niccolo Machiavelli presented Lorenzo de Medici with his most prized possession, â€Å"The Prince†. At this time, it was custom to present the prince with your most prized possession, in order to gain their friendship. Machiavelli spent much time studying past rulers and wrote â€Å"The Prince† in which he describes how one acquires and maintains power. At the time, The Prince was not well accepted as it went perceived to go against the Catholic Church. However, today the prince has beenRead MoreAnalysis Of Machiavelli774 Words   |  4 PagesChasity L Wireman Dr. Michael A. Lazarus HIS 102-W1: Western Civilization II 10/25/2017 There are many reasons why Machiavelli is widely considered the beginner of modern political thought, one of the many is he studied strictly the politicians, and businessmen. Machiavelli recognized the political playing field as a vile place only for the most dominating and cunning of political giants. One of Machiavelli’s most famous work, On Principalities, or known by the other title, The PrinceRead More Machiavelli Essay1438 Words   |  6 Pagesnbsp;nbsp;nbsp;nbsp;nbsp;Niccolo Machiavelli, one of the great political minds of the 15th century, accomplished what many mathematicians today only dream of, having one’s name used as an adjective. To be Machiavellian is to demonstrate characteristics of expediency, deceit, and cunning and as Machiavelli wrote in, The Prince, these are the qualities of a great leader. The Prince was published in 1531, creating great controversy with other political thinkers of the time. Machiavelli completely ignored theRead MoreThe Relat ionship Between Machiavelli And Machiavelli s The Prince1075 Words   |  5 Pagesand turmoil, philosophers are able to give their critiques on government and human nature as a whole. Socrates and Machiavelli, both philosophers in what it means to be a proper leader and the role of the people within a society, share contrasting views. Machiavelli, alive during the time of great political turmoil in Italy, is immortalized through his writings in The Prince. Machiavelli was able to use what the political shortcomings he witnesses during his time period as a guide to deciphering theRead MoreThe Prince, By Machiavelli1517 Words   |  7 PagesIn The Prince, Machiavelli doesn’t hesitate to recommend that a ruler employ conventionally immoral methods against his own subjects to maintain authority over them, but he does imply that whatever a ruler does should ultimately benefit the community. A Prince’s actions may be cruel, manipulative, or otherwise immoral, but they put him in the position to govern. On occasion, Machiavelli even suggests that gaining power through immoral acts is the best way to improve a community because immoralityRead MoreThe Prince By Niccolo Machiavelli1472 Words   |  6 PagesPrince by: Niccolo Machiavelli really tries and is successful at dividing politics and ethics to decipher the characteristics of a good and bad political/government ruling leader in this novel. In this reading, I seen 5 points that Machiavelli talked about, and those were: Free Will, Being Hated vs Goodwill, Virtue, A Good Military, and finally Human Nature. These are a necessity to the recipe that Machiavelli is making in this book. In the first few chapters of the book, Machiavelli begins to talkRead More Machiavelli And Plato Essay1564 Words   |  7 Pages Niccolio Machiavelli (Born May 3rd, 1469 amp;#8211; 1527 Florence, Italy.) His writings have been the source of dispute amongst scholars due to the ambiguity of his analogy of the amp;#8216;Nature of Politics; and the implication of morality. The Prince, has been criticised due to itamp;#8217;s seemingly amoral political suggestiveness, however after further scrutiny of other works such as The Discourses, one can argue that it was Machiavelliamp;#8217;s intention to infact imply a positive

Business Model Innovation and Sources †Free Samples to Students

Question: Discuss about the Business Model Innovation and Sources. Answer: Introduction: A business model consist specific combination of distribution, supply chain, product, pricing, payment and sales. It is the model which is far more important for the success of the business. It is comprised with two major components that are cost and price. Gross profit is a major point of profitability because the major focus of its only on cost instead of expenses. It does not have concern about the efficiency of business because it focuses on to only business. Business model is very important for the business because it helps to grow the business in a progressive way. A clear business model is important to the growth of any business and it has been considered as the foundation of the innovative technology. New technology cannot come in an existence without a business model. A successful business model is able to enhance the commercial return through cost investment and drive innovation. Business model has the capacity to attract many customers towards the business because with the help of business model, it is proved that the guidance of large scales is not required for the business. A business model consist 9 building blocks which describes all necessary requirements in the favor of business. it defines the strategy of the business without having complexity such as over burdened, high workflow, hierarchy rules, strict rules and regulation. The nine building block of business model is described below: E-business architect is the element of business model. It is the concept in which number of approaches was developed. It has a practical approach which makes able business to think widely. The archetypical business model describes the value proposition, value creation, innovation, customers, organizational architecture and economic dimension to elaborate a complete understanding of making customers in a systematic way with customer value (Baden-Fuller Morgan, 2010). There are seven archetypes which is upper level of abstractions that elaborates basic truths about categories of business. Due to have the tendency of abstractions it is not possible to being evident applying of them. It has prototypes example such as e-commerce and lead generation. Both are the examples of getting something of value and introducing it into the market for the purpose of sale. It has been found that money is being made on the broadcast between the cost of garbing the item and what it can be sold by the seller for the purpose of promoting and marketing. For instance, in the business of online business, same kind of software and content will be the most two common types of things to sold in the market. There are many things will be involved when referring to the concept of a business model as an activity system. An activity in a business model can be engaged by human, physical or capital resources of any elements to the business model. It is required to fulfill the requirement of the overall objective. Am activity system is a group of independent activities of organizational including partners, vendors and customers. Business model as a cost revenue architecture involves key partners, activities and resources. The scale of variable, fixed and economy should be considered effectively. Business model as a revenue stream involves each customer segment and price contribution. The main focus of business model as cost revenue structure to make money by efforts. It would be the target of an organization to make revenue strong so that new opportunities of the business turn into annuities. There are two issues such as static and dynamic. Static issues are having the nature of long term on the other hand dynamic issues have the nature of forceful. The business blocks of business model are able to handle the both issues systematically. Business model as activity system can be used to know about the innovation in the business. There are number of conceptualization components in the business. In the context of e-commerce, conceptual components can be value stream, logistic stream and revenue stream. In the context of entrepreneurial, conceptual components can be market factors, growth factors, competitive strategy, internal capability factors and economic factors. These all are the factors of conceptual arguments which can be used to seek the issues of static and dynamic problem (Sanchez Ricart, 2010). These will be helpful to design or redesign the business models for the business. Apart from that technological input, network architecture, system architecture viewpoint m arket offering, supplier value proposition, customers, competitors and longitudinal process are the conceptual components to design or re-design the business model to analyze the issues of static and dynamic issues. Learning system and delivery system are two major element of business system. As per conceptualization, business system is considered as the assumption of decision maker who is able to decide that in what range business will obtain certain profit at certain time. Profit models as well as business model are the part of business model. As per Itami and Nishano, Google and Toyota are the exact example of the better model. They have settled their model to gin the maximum profit by keeping concern of the customers as well as employee. These are the companies which enhance the productivity of the employees by giving efficient services to their customers without getting any single penny. Toyota is the company which outsources its model of automobile constantly. It maintains the focus on suppliers to gain indirect profit (Itami Nishino, 2010). A business context is a tool of analysis which is operating to analyze the environment in which business operates. Business context can included organization, individual and huge community in it. As per changes in technology and demand of customers, business has to change its business and re-design its model appropriately. There are a number of business notions such as customer, addressable market, value creation, core business and management. It is the business notion of Google, Apple and Facebook that their customers get best possible customer experience (Seville, Buxton Vorley, 2011). The example of addressable market is when Mark Zuckerberg launching a business, he settled out to have a monopoly on customers attention and commitment. It is necessary for the business to make changes without hurting anyone. Value creation is necessary for the business because it beliefs to make tier customers save time and effort, it is considered as the strategic performance indicator. To make am endments for extending a business, it is necessary for the business to make an inventory of what business is at good or what customers are demanded. It is required for the business to replace the notions of expertise by learn ability and innovations (DaSilva Trkman, 2014). Business model is interlinked with technology innovation. The development of technology can help to make new business model for the business. It will definitely impact the managers of the organization in their decision making. There are examples of Google, Amazon and Easy jet which shows that how business get impacted due to changes in business model. The effects of business model innovation are not separated from the effects of business model on performance due to technological innovations. It has been analyzed that innovations by technological influences performance and reviews (Bharadwaj, El Sawy, Pavlou Venkatraman, 2013). Regarding changes in business models, managers of the organization should be more active because a business model is a structure to gain more profit within certain period of time. It contains nine blocks in it and as per technological innovation, it is required to bring changes in the organization (Schaltegger Wagner, 2011). In the article of Zott and Amit ar gued that there are two parameters of design: design elements and design theme. Manager need to focuses on them because design elements describe the specifications of drivers in the context of customer values, which can be elaborated in the term of complementary, lock in efficiency and novelty. Design theme is considered as the structure in which discussion of activity system performance made. With the help of these parameters of articles, manger of the organization would be able to take the decision efficiently because the advantages of these parameters of articles are summarized in the order to create and achieve the outcomes of values. It has been concluded that the business model as a system are able to solve the static and dynamic issues, delivering satisfaction and engaged customers with their needs. Business models can be blindly applied to a setting which brings attention of customers regarding difference and creativity. In this report e-archetype, business model as system activity and business model as cost- revenue structures has been elaborated. Various kinds of business conceptual components have been discussed in this report which will be helpful to reduce the effect of static and dynamic issues within the organization. A business context and notion has been mentioned in this report effectively which will be useful for further studies. Technological innovation can be seen day by day and it is required for the business to make changes its model as per trend of the market. References Baden-Fuller, C. Morgan, M.S. (2010). Business Models as Models . Long Range Planning 43 (2010) 156e171. Bharadwaj, A., El Sawy, O. A., Pavlou, P. A., Venkatraman, N. V. (2013). Digital business strategy: toward a next generation of insights. DaSilva, C. M., Trkman, P. (2014). Business model: What it is and what it is not. Long range planning, 47(6), 379-389. Itami, H., Nishino, K. (2010). Killing two birds with one stone: profit for now and learning for the future. Long Range Planning, 43(2), 364-369. Sanchez, P. Ricart, J. E. (2010). Business model Innovation and sources of value creation in low-income markets. European Management Review (2010) 7, 138-154. Schaltegger, S., Wagner, M. (2011). Sustainable entrepreneurship and sustainability innovation: categories and interactions. Business strategy and the environment, 20(4), 222-237. Seville, D., Buxton, A. Vorley, B. (2011). Under what conditions are value chains effective tools for pro-poor development?. Retrieved on 19th April 2017 from: https://pubs.iied.org/pdfs/16029IIED.pdf. Teece, D. J. (2010). Business Models, Business Strategy and Innovation. Long Range Planning, vol 43 2010.

Financial statements and considered very important-Free Samples

Question: How financial statements considered very important? Answer: Introducation: The statement of accounting concept 1 deals with the definition of the reporting entities. These statements tell that which entity is said to be a reporting entity and which entity is excluded from being called so. In simple terms, the entities that need to make financial statements in order to provide the users of such statement true and fair position about the financial position and stability such entities are known as reporting entities. They are entitled to prepare their financial statement in accordance with the accounting standards and the statements of accounting concepts. If they fail to follow such standards then they may not give genuine information to the stakeholders. The reports prepared by the entities are widely used by the stakeholders to make a decision regarding their investments (Accounting for Small Business Owners, 2017). Statement of Accounting Concept 1 There are certain entities that require preparing financial reports as prescribed by certain rules and regulations. However, some of them are even excluded. According to this concept all entities irrespective of its size, nature of operation, legal form whether profit oriented or not belonging to private or public sector should prepare financial reports if there exists any users who are dependent on these financial reports to take their decisions (Anon, 2017). There may exist an individual entity or a group of entities operating together. Such group of entities may have a controlling authority on each other. Both theses type of entities will be covered under the definition of reporting entities. Any group which is covered under the term of economic entity will be regarded as a reporting entity even if the user of such financial reports does not exist. One of the entities that is included in the group of entities will have a control over the other entities to achieve the objective that is set up by the controlling authority. The control here signifies any kind of financial dependence directly or indirectly, appointment or dismissals of managers or the governing body of the entity, and the ultimate power in order to direct the activities of the entity (Breitner and Anthony, 2013). In case of an individual, if he is able to deploy resources then but its objective is to achieve personal gains and does not satisfies the condition of falling under the definition of economic entity then it does not have to prepare financial reports (Dyckman, Magee and Pfeiffer, 2014). As far we have come to know that if an entity has users of the financial reports who uses them in order to take decisions for their resource allocation then it is compulsory to prepare such financial reports. It is important for the company to identify the users of these reports before the preparation (Easton, 2015). The factors that are used to identify the users are indicative only and can be identified on the basis of three main categories- the separation existing between the ownership and the management, the economic and political influence and certain financial characteristics (Edmonds et al., 2016). Separation between management and ownership- The larger the space between the management and the ownership of the company there are more chances that there exist users of the financial reports for their decision making (Harrison, Horngren and Thomas, n.d.). Economic and political influence- If the entity holds an important position in regards to politics and economic conditions then there are higher chances of the existence of the users of the financial statements to allocate their resource in the best place. Financial characteristics Financial characteristics includes the size of operation, the value of assets held, indebtedness of the company as well as the number of workers that are employed (Ittelson, 2009). Such entities that has these characteristics present are expected to have users that may be dependent on the financial statements in order to invest and allocate their resources efficiently. The main purpose for the preparation of such financial reports is to provide correct information about the financial stability and position of an entity so that the users can make a wise decision of allocating their resource in the best possible place (Kimmel, Weygandt and Kieso, n.d.). However, if ther are any kind of information which is considered materialistic but has been concealed then it may lead these users to take a wrong decision. Therefore, the financial reports should be prepared with extra care and due diligence so that all material facts are disclosed properly and no facts are concealed. The entity should be capable enough to use the resource in the most efficient way so that the users can determine about the financial condition of the entity in the forthcoming years. If the resources are utilised in an optimum manner then it will help the stakeholders to feel safe about their investment and also help them generate higher returns (Loughran, 2011). The management of the company should be knowledgeable enough to allocate the resources in the best place to get the best results (Piper, 2015). It is important for every stakeholder to know about the past and current trends of an entity before taking its decisions (Pratt, 2014). It enables to compare the present performance with the past and ascertain that what is the extent of improvement that the company has shown. The financial statements provide various information such as the asset and liabilities along with the expenses and gains (Spiceland, Thomas and Herrmann, 2011). The assets of the company reflect the financial position and stability to pay off the liabilities. It gives a general idea of the going concern of the company by determining the key financial ratios with the help of the financial statements. The income and expenses reveals the continuous flow of resources and whether the expenses that were incurred were actually required or wasteful. If the entity is found to make wasteful expenditures then the stakeholders may not take interest in those companies as these are the signs of poor management (Warren, Reeve and Duchac, n.d.). The financial statements should be prepared with full knowledge and truthfulness because it not only reflects the financial performance of the company but also the non- financial aspects are covered therein. The stakeholders in order to check the companys awareness towards the society check the social responsibility carried out (Weil, 2014). An entity is not considered efficient only when it has a good profitability but it should also fulfil its responsibility towards the society. Therefore, proper disclosures of the corporate social responsibility that the entity has performed should be disclosed in the financial reports. The stakeholders trust their hard earned money with the company and so it is their right to get correct information and give them back good returns. Therefore, the entity should not include any such wrong fact in the financial statements which would influence the decision of the stakeholders and mislead them. All the information provided should be in accordance with the various accounting concepts and standards. The non compliance of the accounting standards leads to violation of law and is punishable (Weygandt, Kimmel and Kieso, n.d.). If the company fails to comply with these rules and regulations or if there is any defect found in the financial statements then the there will be a huge loss of reputation in the market and it will become very difficult for them to survive and have a sufficient market share. Therefore, a reporting entity must provide all relevant information in the financial statements which will enable the users to take decisions wisely (Williams et al., 2015). Conclusion The accounting concept 1 defines the entities that falls under the category of reporting entity, the entities which fall in such category has been properly stated above. These entities require to make financial statements on compliance with certain rules and regulations because these reports are important and highly influence the decisions of various stakeholders. It is important for them to have complete information prior to the decision making. References Accounting for Small Business Owners. (2017). 1st ed. Rockridge Pr. 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