Challenges and Prospects of Gender Budgeting in India Essay

Gender budgeting promises to focus on the role of rights, freedoms and the choices of women by giving information of content and focus of government policies. Today gender sensitive budgetary allocation might only constitute 5% of the total budget, yet the stand as a significant attempt at addressing gender inequality. However, gender budgeting exercise needs to be on guard against certain challenges facing it. Firstly, International Financial Institutions that stipulated to initiate economic reform policies in India like IMF, WTO can offset gender budget benefits. Lowering of import duties under WTO has resulted in a reduction of government’s revenue which in turn translated into lowering expenditure on social sector especially on women. Secondly, the introduction of VAT has the impact of affecting the people’s spending rather than their income and thus tends to hit the poor more. Since feminization of poverty is an established fact VAT can be more harmful to the interest of the women. Thirdly, the focus on reducing the fiscal deficit should not imply a cut on the gender equality and women empowerment schemes. Public-private partnership in enhancing expenditure on social sector needs to be encouraged. Lastly, the scope of Gender Budgeting needs to be enlarged so as to cover what hitherto have been gender neutral departments or ministries. Enhanced allocation for women specific programmes needs to be supplemented by an overall evaluation of budgetary policies from gender perspective.

Determination of the amount of dissolved oxygen Essay

Topic : Determination of the amount of dissolved oxygen in a water sample by iodometry-the winkler’s method. Objective: To determine the amount of dissolved oxygen in a water sample by iodometry- the winkler’s method. Apparatus: volumetric pipette, 3 conical flask, burette, burette clamp, Pasteur pipette, reagent bottle, conical flask stopper, retord stand, white tile Materials: 2 ml manganese sulphate solution, 2 ml alkaline-iodine solution, 0.025M sodium thiosulphate solution, 2ml concentration sulphuric acid, starch solution Procedure 1. When sampling water, care must be taken to ensure that a good representative sample of the water to be analyzed is obtained. For most purposes, this includes attention to dissolved gases. Therefore, the water sample should be taken in a clean bottle which must be filled to overflowing and tightly sealed with stopper without introduction of air. If the water is sampled from a tap, it must be allowed to run for at least 5 minutes prior to sampling. For this purpose, you may collect the water into a 1 L reagent bottle fitted with a stopper. 2. The stopper is removed carefully from the conical flask and 2 mL of the manganese sulfate solution is added, discharging the reagent from the tip of a pipette put well below the water surface. Stopper is replaced. 3. Similarly, 2 mL of the alkaline-iodide solution is introduced. 4. The stopper is placed in the bottle, be sure that no air becomes entrapped. Some overflow may occur. The content is mixed thoroughly by inversion and rotation. Manganese hydroxide is precipitated and will settled on standing. 5. When the precipitate has settled, 2 mL of concentrated sulfuric acid is introduced with the tip of the pipette well below the surface of the solution. 6. The stopper is replaced and mixed until the precipitate dissolves completely. The dissolved oxygen now liberates free iodine from the potassium iodide present. 7. Pipette 200 mL of the acidified sample into a 500 mL conical flask and titrate with 0.025 M sodium thiosulphate until the solution becomes pale yellow. 8. Add a few drops of starch indicator and continue the titration to the disappearance of blue color.  (If the blue color doesn’t appear after adding starch, repeat the titration and adding starch before start of titration ) 9. Repeat the titration twice. Treatment of data: Titration number 1 2 3 Final volume (cm3) 18.0025.5018.50 Initial volume (cm3) 10.0018.0025.50 Volume used (cm3) 8.007.507.00 Average volume of titrant required for titration = 7.50 cm3 Calculation Concentration (ppm) of dissolved oxygen in the water sample. Mol of S2O3 2- used=0.0001875mol Mol of S2O3 2- =0.000046875mol Mass of O2=[0.000046875Ãâ€"2(15.999)]=1.4999mg 1000ml of tap water=7.5mg O2 Concentration of DO in water sample=7.3mg/L Discussion: The Winkler test is used to determine the concentration of dissolved oxygen in water samples. Dissolved oxygen (D.O.) is widely used in water quality studies and routine operation of water reclamation facilities. An excess of manganese (II) salt, iodide (I–) and hydroxide (OH–) ions is added to a water sample causing a white precipitate of Mn(OH)2 to form. This precipitate is then oxidized by the dissolved oxygen in the water sample into a brown manganese precipitate. In the next step, a strong acid is added to acidify the solution. The brown precipitate then converts the iodide ion (I–) to iodine. The amount of dissolved oxygen is directly proportional to the titration of iodine with a thiosulfate solution. Iodemetry reacts directly, fast and quantitively with many organic and inorganic substances. Because of its relatively low, pH independent redox potential and reversibility of the iodide/iodine reaction, iodometry can be used both to determine amount of reducing agents and of oxidizing agent. In my first titration, initial reading is 10.00 and final reading is 18.00. The titrants used is 8.00. In my second titration, initial reading is18.00 and final reading is 25.50. The titrants used is 7.50. In my third titration, my initial reading is25.50 and my final reading is 18.50. The titrant used is7.00. Adequate dissolved oxygen is necessary for good water quality. Oxygen is a necessary element to all forms of life. Natural stream purification processes require adequate oxygen level in order to provide for aerobic life form. As dissolved oxygen levels in water drop below 5.0mg/L, aquatic life is put under stress. The lower the concentration, the greater the stress. Oxygen levels that remain below 1-2mg/L for a few hours can result in large fish kills. Total dissolved gas concentration in water should not exceed 110 percent. Concentration above this levels can be harmful to aquatic life. Conclusion: The concentration of DO in tap water is 7.5ppm.

Character Development in A Tale for the Time Being

Character Development in A Tale for the Time Being Each person, wherever and whenever he or she lives, experiences his or her own here and now. Ruth Ozeki’s A Tale for the Time Being explores this idea by following three main characters who are all separated by time and space. Despite the fact that Ruth lives on the Canadian island of Whaletown, Nao lives in Tokyo, and Haruki #1 lives in the past, all of their lives are connected by Haruki #1’s secret French diary. The diaryalthough written in Nao and Ruth’s pastis able to preserve Haruki #1’s here and now, and in doing so, allows the lessons that Haruki learns to transcend through time and space. Through the passing down of Haruki #1’s diary, it is evident that understanding the stories of others is crucial to personal growth. First and foremost, Haruki #1’s understanding of the great philosophers is essential to his legacy. As a philosophy student turned soldier, he battles between his desire to love the world and the responsibility to hate his enemies. At first, Haruki is bitter both towards his fate and towards the Marquis for beating and humiliating his friend. He writes, â€Å"I only hope that I will not die until I taste the sweetness of revenge† (319). However, after writing about Montaigne, Socrates, and the Buddhajust to name a fewHaruki is able to â€Å"learn to die† and come to terms with his fate (323). He chooses death to rid himself of uncertainty and to ensure that his family gets taken care of. In the end, he not only accepts his fate, but also his enemies. Explaining his decision to fly his plane into the ocean, he states, â€Å"Better to do battle with the waves, who may yet forgive me† (328). Evidently, by thinking and writing about the philosophers’ me ssages, Haruki gains a more mature view of the world. Just as the philosophers empower Haruki #1 to come to terms with his situation, Haruki #1’s story empowers Nao to adopt a better mindset. From her unfortunate family situation to the bullying she experiences at school, Nao has every right to have a negative view of the world. She considers suicide her best option, but through the words that Haruki #1 leaves her, she realizes that her life will be better if she learns to love. After reading about her great uncle’s refusal to harm his enemies, Nao states, â€Å"I remembered how I used to ambush Daisuke-kun and beat him up, and also how I went forth as a living ghost to stab my enemy Reiko in the eye. I started to feel so bad about this, I decided I would apologize if I ever saw them again. . . † (386). Nao is proud of her great uncle’s courage, and as a result, she strives to follow in his footsteps and make peace with both her enemies and herself. Thus, Haruki #1’s here and now are able to reach out from the past and influence Nao’s here and now. While Haruki #1’s diary comes into Nao’s life to bring her a source of pride, it comes into Ruth’s life to teach her to be less prideful. When Ruth first finds the Hello Kitty Lunchbox, she is possessive of its contents and hesitant to show them to other people on the island. Because she has writer’s block, Ruth channels all of her energy into proving that the lunchbox washed up on the shore of Whaletown as a result of the tsunami in Japan, and she refuses to accept the theories of experts living on the island. She is even dismissive of her husband Oliver’s ideas; for instance, when he points out that Nao’s father was trying to help her, Ruth snaps at him: â€Å"Are you fucking kidding me? He learns about the hentai site and so he takes pills and tries to kill himself? How exactly is that helpful?† (294). Due to her narrow-mindedness, Ruth fails to see that Oliver is rightNao’s father tries to bid on her underwear to save her fr om humiliation. Fortunately, Haruki #1’s diary helps Ruth become more trusting. The fact that the diary is written in French forces Ruth to seek the help of a native French speaker, Benoit. After reading Benoit’s translation, Ruth realizes that if Haruki #1 and Nao can learn to accept their enemies, listening to the ideas of her husband and neighbors is the least she can do. In fact, her first impulse is to ask for Oliver’s opinion. One of Oliver’s ideas, the one involving multiple universes, actually motivates Ruth to write again because she knows there exists a universe wherein she has already completed her memoir. Therefore, Haruki #1’s diary teaches Ruth that listening to others and accepting their help is necessary to personal growth. Ironically, while here and now are inherently temporary, they also occupy an infinite amount of time and space. Haruki #1’s thoughts and decisionshis here and nowbecomes part of Nao’s story when she discovers his diary. Additionally, Ruth finds both Nao’s and Haruki #1’s heres and nows in the Hello Kitty lunchbox that washes up on the shore of Whaletown. While reading A Tale for the Time Being, we can see that all three of their stories are part of the reader’s here and now. Thus, at any given moment, a person not only experiences his or her own here and now, but heres and nows of the people he or she is talking to, of the musicians playing the music he or she is listening to, and of the author of the book he or she is reading. Work Cited Ozeki, Ruth. A Tale for the Time Being. New York: Penguin Books, 2013.

Management and Control of Corporation Essay Example | Topics and Well Written Essays - 4750 words

Management and Control of Corporation - Essay Example Moreover, Romano (1998, 2359) states that although ‘both the states and the federal government regulate securities transactions, the current regulatory arrangements are a far cry from competitive federalism; the federal securities regime, consisting of the Securities Act of 1933 and the Securities Exchange Act of 1934, applies to all publicly traded firms and is a mandatory system of disclosure regulation, bolstered by antifraud provisions; while the federal laws do not preempt all state regulation, states cannot lower the regulatory standards applicable to firms covered by the federal regime because its requirements are mandatory; they have also been prevented from raising regulatory standards on some occasions’. Moreover, in the summer of 2002, Congress ‘passed the Sarbanes-Oxley Act (2) in response to a barrage of corporate governance crises and flagging investor confidence in the securities markets’ (Song, 2003, 257). Â  The historical background of the Securities legislation in the U.S. (included the proxy rules) can be rooted in 1929. To a more analytical description of the main events related with their establishment, Burk (1992, 23) stated that ‘investment bankers in the 1920 s were driven by a desire to gain influence over others and to make huge fortunes off their influence; all of them were not, of course, but enough was to set the tone; they took advantage of the mass market for securities, created to sell war bonds during the First World War, by peddling corporate securities of questionable value at artifically high prices; The result was not a permanent prosperity, as some predicted, but a crash, which saw stock prices lose ninety percent of their value over the course of three years, and an economic depression, which lasted for the better part of a decade’. Â  

Terrorism Essay Example | Topics and Well Written Essays - 750 words - 2

Terrorism - Essay Example Since its inception, the nuclear bomb has been one of the major threats hanging over the humanity. With the rapid escalation of terrorist movements, the threat of nuclear attacks is becoming even more probable. Despite the growing availability of nuclear materials, the risks of actual nuclear attacks are still minor, simply because nuclear terrorism is extremely difficult to accomplish (Ferguson & Potter, n.d.). The easiest are those acts which result in the least damaging consequences (Ferguson & Potter, n.d.). The problem with nuclear terrorism is not in the availability and accessibility of nuclear materials: in today’s globalized world, getting nuclear materials for a radioactive bomb is not difficult. The main problem is in that creating such a device requires sophisticated technical skills (Ferguson & Potter, n.d.). Building and launching an improvised nuclear device is much more difficult than creating and using a radiological dispersal device (Ferguson & Potter, n.d.). These difficulties, however, do not mean that the probability of nuclear terrorism is zero. As of today, nuclear bombs are the high end of plausibility of what terrorist groups could accomplish (Farber, 2010). The growing insecurity of nuclear materials makes the risks of nuclear attacks even higher. The lack of a comprehensive nuclear terrorism strategy in the U.S. further complicates the situation (Ferguson & Potter, n.d.). Yet, a small group of people who have never dealt with nuclear weapons could easily make a crude nuclear explosive device, with minimum attention drawn to their acts (Harvard Kennedy School, 2012). All these conditions make it easier for terrorist groups to realize their intentions and motives. There are strong indicators that a number of terrorist groups are interested in acquiring and using nuclear power in their acts against civilians. In 1998, Osama bin Laden said that acquiring and using weapons of mass destruction would provide reliable defense of Muslim s against the rest of the world (Harvard Kennedy School, 2012). As of today, at least three terrorist organizations could be planning a nuclear attack: Al-Qaeda, Aum Shinrikyo, and North Caucasus-based separatists (Harvard Kennedy School, 2012). These are the organizations that have demonstrated strong interest in the development of nuclear-based terrorist strategies. The exact number of terrorist groups looking for a nuclear weapon is currently unknown, but Aum Shinrikyo and Al Qaeda have already tried to purchase nuclear materials in the black market (Harvard Kennedy School, 2012). For the past ten years, Al-Qaeda has persistently tried to acquire nuclear materials and continues to pursue the goal of getting a nuclear capability (Harvard Kennedy School, 2012). There are no known cases of acquiring nuclear materials by terrorist groups. Also, it is not clear whether any terrorist groups have access to governments that can obtain these materials for them (Harvard Kennedy School, 201 2). Yet, there are several ways in which nuclear materials needed for the bomb could be acquired: (a) from a global stockpile of nuclear weapons; (2) from international nuclear facilities containing separated plutonium; (3) from states that are claimed to possess nuclear weapons, such as Russia and North Korea; and (4) from training and research reactors (Harvard Kennedy

Non infectious diarrhea or hemorroids Annotated Bibliography

Non infectious diarrhea or hemorroids - Annotated Bibliography Example Dearterialization by THD Doppler method and DG-HAL entails the joining of haemorrhoidal arteries, which has proven successful. Persistent bleeding is not evidenced in most of the patients. Patients undergoing this procedure did not complain of fecal incontinence and every patient reported progress in symptoms after a follow up of between 3 and 17 months. This procedure was used on patients with bleeding hemorrhoids who failed to respond to office or medical treatment methods. The patients underwent the Distal Doppler-guided dearterization (DDD) with an enema and anesthetic with propofol given as a painkiller in every patient before the procedure. During the operation, breathing was sustained through a laryngeal mask and no antibiotics were administered. Patients were laid in lithotomy positions and only one surgeon carried out the procedure. Using proximal Doppler-guided dearterialization alone could be unsuccessful in identifying the haemorrhoidal arteries at various places because of the possibility of extending further downward below the submucosa, especially the frontal rectal wall. This theory is sustained by the increased number of patients reporting persistent bleeding after proximal Doppler-guided dearterialization was used alone. Therefore, haemorrhoidal treatment using Distal Doppler-guided dearterization (DDD) was found t o be an effective and safe method of treatment with bleeding being rare. Ratto, C., Donisi, L., Parello, A., Litta, F., Zaccone, G., & Simone, V. (2012). Distal Doppler-guided dearterialization is highly effective in treating haemorrhoids by transanal haemorrhoidal dearterialization. Colorectal Disease, 14 (11),

Globalization Essay Example | Topics and Well Written Essays - 1500 words - 5

Globalization - Essay Example In addition, technology facilitates constant connectivity, which has led to establishment of a current generation living in a globalized world. Therefore, tracking communication and interaction with technology through my Smartphone for a period of four-hours depicts that there are numerous features offered by these device. After tracking use of my technological devices such as Smartphone and laptop, I acquired understanding of the way people use technology to communicate. In this case, people are able to connect through social networking sites such as Facebook and Twitter. In fact, accessibility to these social networking sites has been facilitated by the internet. Therefore, through my Smartphone, I was able to access information and services that I was interested in. Nonetheless, the internet plays a significant role in processes of reducing traditional barriers of communication across different parts of the world. During this period, I was using my laptop, and this made me realize that there are numerous software that have been developed along with protocols and standards aimed at enabling computers to interact through the internet. In fact, I was interacting with students from different parts of the world, thereby discussing issues regarding school projects. Therefore, collaboration platform has been developed in order to enable people share digital content (Friedman, 3). In fact, these collaboration platforms are referred to as flatteners, which expand opportunity through which people communicate and interact. These technological devices integrate internet functions, thereby making people’s lives more enjoyable. In fact, during this assessment period, I was able to watch new videos and play a game. Moreover, there are other emotional experiences, which are thrilling and exciting such watching a movie. Internet has become a social club since people have managed to develop and maintain friendships. For instance, during the assessment period, I had a g ood feeling of being socially connect with friends living in different parts of the world. In this case, we were able to interact and share some ideas, while making new friends. People have acquired ability to multitask, while using the internet and other technological devices. For instance, during the assessment period, I was logged into my Facebook account, whereby I was chatting with my friends; I was also logged into my tweeter account at the same time. Moreover, I was listening to Smartphone’s music, and I was still receiving calls from friends. In addition, during the same period, I got a chance to check my e-mail and play and online game. Therefore, use of technological devices among people in different parts of the world is increasing gradually with increases in levels of innovativeness and technological advancement. In addition, technology is used in order to achieve certain tasks in peoples’ lives such as learning and offering health care services. Part Two: Living Without Technology In order to understand the condition of living without technology, I conducted an assessment for a period of one hour. In this case, during this assessment, I refrained from using technological devices such as my laptop and Smartphone. On the other hand, I focused on using pens, paper and face-to-face conversation. Nevertheless, during this period, I was tempted to look at the messages and incoming calls from my friends on my Smartphone.

Birth Rate Control Proposal Research Paper Example | Topics and Well Written Essays - 1250 words

Birth Rate Control Proposal - Research Paper Example Uncontrolled bearing of children has numerous ramifications to the society with the government bearing the heaviest burden. For instance, though the government has spent billions of dollars in poverty elevation and reduction programs, poverty is indeed worsening instead of reducing (Roy, 2013). The Welfare program that the government has been using in supporting the poor and the less fortunate in the society has been abused in that some people have been relying on the program to raise their families. For instance, in 1992 Clinton’s campaign was based on abolishing welfare in the US government and in making the program a second option and not a way of life for many (Roy, 2013). This was followed by the signing of the Welfare Reform bill of 1996 that required those in welfare program to seek jobs or lose their benefits (Roy, 2013). Since then, welfare has increased tremendously in the country with the 2013 study revealing that welfare remitted more than $10 per hour in 33 states , while in the other states, welfare remitted less than $8 per hour. In fact, today, welfare pays much better than the minimum wage in more than 35 states, in America. This suggests some people entitled to welfare benefits have a better life than those working in the field. Another disadvantage of welfare is that the benefits are tax free unlike salaries that are taxed. Therefore, welfare is a huge burden to the taxpayer in the US. On the same note, considering that poverty is on the increase rather than on the decrease; this suggests that even poor people depending on welfare are bearing more children to be supported by the government, a situation that needs to be controlled. Teens are also bearing children due to peer pressure and motivation from the media. For instance, research has revealed that the program Teen Mum aired on MTN has contributed in many teenagers bearing children with the number of birth rates among teens in US being the highest among developed nations, and twice the birth rate of teens in Canada (Chang & Hopper, 2011 & Karen et al (316). There is a need to demulsify the myths held by teens and which are contributing to the high birth rate in   discouraging teens from having children at an early age, and before they have stabilized financially. Another factor that leads to social problems is bearing of children among people who are not mentally fit to bear and bring up children; children from such mothers lack proper care as they grow up (Kauffman, 315). On the other hand, adopting children in the US is an extremely tedious and expensive process that discourages many prospective parents from adopting children (Gilman and Fleivalds, par 5). The result is that there are many children who are suffering psychologically due to lack of a  decent family, a situation that can only be solved by controlling birth rates. This will help in  ensuring  fewer children are born in families with the right capacity to look after them with the right c are and concern. This proposal aims at recommending a program that may limit birth rates in the society

Technology and Socity Essay Example | Topics and Well Written Essays - 1000 words

Technology and Socity - Essay Example Despite the advantages, however, the society and the natural environment has had paid a lot for the construction of dams. Firstly, the dams have affected places that are of vital importance to some. For instance, most of the dams have flooded aboriginal burial sites and midden areas. Burial sites are something considered ‘sacred’ by the aborigines and although the authorities may have to consider the ‘common’ good by building of dams, the aboriginal society is usually affected adversely. The building of dams on the river has also affected the natural habitat. According to the Australian state of the Environment Committee (2001), the main reason for this is the way the ground quality of water has been influenced. Because of the augmentation of the flow of the river by the creation of dams, many cities have emerged alongside the river. Most of these cities are industrial sites that produce a lot of sewage and waste. Most of the waste generated by industries is thrown into the river without considering the consequences. The result is that the water quality has been affected. The Murray River has the capacity of maintaining around 2,539 kilometers of aquatic and riparian life.The contamination of the water in the rivers has affected the habitat for the aquatic life and many species are rapidly dwindling in numbers. Unfortunately along with the industrial waste and sewage, different pesticides and fertilizers are also flushed into the river. Pesticides, especially DDT, do not just kill fish and consequently humans (after ingestion of the contaminated fish). They also disturb the entire ecosystem by disturbing ecological cycles that are dependent on rivers. As a consequence, the contagion of water has led to the extinction of certain insects and birds. Further, the building of dams and weirs requires the clearing of natural

School Funding Essay Example for Free

School Funding Essay Youre a ninth grader at a school in Philadelphia. The neighborhood is poor, even if not all of the students are. Your school has very little money for things like computers or technology. You walk into second period one day, sit down, and discover that the floor next to your desk is damp. The teacher explains that there is a leak in the roof, and that the school cant afford to fix it. The school cant afford to fix the leak or buy computers because it is inadequately funded. So the government kindly lends your school the money to not only fix the leak, but buy computers. But does that necessarily motivate you to improve your grades? Do you suddenly decide to do your homework because the leak is fixed? Probably not. The government sees that your grades remained the same, and two years later, when our school needs to hire more teachers and make the classes smaller, the government denies the school that money. They say that since money didnt help your grades last time, why should it help you now? But the truth is that smaller classes and better teachers do improve student achievement. Members of our government claim that giving more money to schools will not make a difference, but the government funding for schools needs to be used effectively to see a change in student performance. (Connell) The reason that some schools cant do things like buy computers and maintain their buildings to begin with is because the school funding system is so ineffective. The US government pays only 7% of all school money, and the rest is up to the states and the tax payers. Whatever money the states wont pay is paid as school tax, part of your property taxes, which are higher or lower depending on how much your home is worth. But this means that schools in poor neighborhoods get little money while wealthy schools, like ours, get nearly all they need. You dont see any leaky roofs in our school. Even if the state pays a lot of money, that still doesnt mean that the schools are well funded. In Hawaii, there is only one school district, and the state pays for nearly all of that districts funding. Only 2% comes from property tax, and the rest comes out of income tax. But think about the industry in Hawaii- farming and tourism, two low income industries. 73% of Hawaiis schools report a need for expensive building repair that they cant afford on their own, and there is only one computer for every sixteen students. Even funded evenly by the state, Hawaiis schools are still under funded, and it has been predicted that by 2010, Hawaii will need 760 new classrooms. (National Education Association. ) Where will this money come from? It is up to the national government to make the difference in school funding. Take Pennsylvania for example. The Philadelphia school district is near bankruptcy. The debate goes on over whether to privatize the schools or not. If the schools are privatized, it means that a wealthy company will take over the district and fund it. The only problem with this is that the company now has the power to control everything in the district, including teacher salary, equipment, and even curriculum. Now if you were a business owner looking to make money, and not looking to educate children, you would most likely chose to change the curriculum to fit your own financial ambitions. It would be completely within the limits of the law for the company that owned these schools to dumb down the curriculum in order to save money, thus lowering the level of education received by students in Philadelphia. And what would be the first to go? Sports, Art, music, drama, and any other subject that isnt included on the standardized tests or SATs. How would you like to go to a school where there is no football team, no marching band, no cheerleading, no chorus, no trips to the State Drama Conference? Thats where schools in Philadelphia are headed. (Snyder) Compare that to my school district, just a short drive away. Every teacher has a laptop and every student has Internet access. Were looking at new classrooms of the future, where every kid gets a personal computer and all board work is done on a high tech projector. We have a Frisbee team, for heavens sake. And some schools dont even have money for textbooks. Inequality in school funding is so widespread that fixing it would mean a lot of work for government officials. But while they ponder how to fix it, the least they could do is help out the already failing schools. Nearly one fifth of all schools are considered high poverty, which means that three quarters of the students in these school qualify for free or reduced lunch. A study of 40,000 students by the US Department of Education showed that students in poor school districts, even if they came from wealthy to middle class families, scored two grade levels lower than the national average in math, and four levels lower in reading. (Overview) The government needs to be willing to help these schools with things like staff training and building maintenance. They should not hold it against the school if revamping the building doesnt improve student grades. What the government is doing, in essence, in punishing the victims of its own inept system. The assumption that money doesnt help kids in school is just that- an assumption. Money can make a huge difference, but a lot of the time it is wasted or used inappropriately. One school district began a highly expensive program to help kids doing poorly in school. The aides helping with the program did exactly what they were told, and reported all the progress made by kids in the program, which was little. It was a long time before the teachers participating in the program realized that it was useless, and that the money had been wasted. (Connell) If the National government is going to help fund failing schools, those schools do need to be held, to a certain extent, accountable for that money. In Philadelphia, so much money was wasted that the sate and national government now refuse to help fund it any longer. What is needed is a system to make sure that money given to the school is used effectively, so a tragedy like Philadelphia doesnt repeat itself. It is also important to remember that computers do not heal all wounds- they are not a magic pill to improve grades. But teachers are. The important thing in school is teaching. A recent study showed the link between class size and grades by placing a random selection of children into three groups- a large group with one teacher, a medium group with two teachers, and a small group with one teacher. It was shown that kids in smaller classes with well trained teachers did much better than those in larger classes, even if the teacher had an aide to help. And the students who benefited the most, believe it or not, were those who came from families with less income. (Connell) Why? Possibly because they dont receive that kind of one on one attention at home, or possibly just because a smaller class is easier for a teacher to handle. Either way, the goal is achieved. Kids who live in the city and poorer neighborhoods deserve the same education as the rest of us, and if their schools cant pay for it, the government should. Helping the country is the governments job, but how are they able to help anyone if they cant start with Americas children? Our constitution states that All men are created equal, but these day that means kids too. Our education sets the tone for the rest of our lives-from getting a job to providing for a family and having knowledge of the real world. Giving some students a better education than others, just because of the value of their home, is unconstitutional. If the present system doesnt provide the resources for schools to provide an equal education for all, then the government needs to pick up the slack of their own system. The money given to the schools by the government must be used effectively if a change is desired, and the way to do that is by hiring better teachers and making class size smaller. If the school itself cannot afford to educate its students, then the government needs to provide the school with the money to do so. Theyre Americas children too. Works Cited Overview. School Funding Inequity.  ©2000. Noreen Connell. Under Funded Schools-Why Money Matters. School funding Inequity. March/April 1998.  ©2000. NEA Government Relations. School Modernization Facts- Hawaii. National Education Association Website. May 23, 2001. Susan Snyder. PA to study school district finances The Philadelphia Inquirer. December 4, 2001. Julie green and Erica Lepping. Education Report- Shows Poverty Linked to Student Achievement. School Funding Inequity. Sptember 8, 1998.  ©2000. Funding Schools Appropriately Youre a ninth grader at a school in Philadelphia. The neighborhood is poor, even if not all of the students are. Your school has very little money for things like computers or technology. You walk into second period one day, sit down, and discover that the floor next to your desk is damp. The teacher explains that there is a leak in the roof, and that the school cant afford to fix it. The school cant afford to fix the leak or buy computers because it is inadequately funded. So the government kindly lends your school the money to not only fix the leak, but buy computers. But does that necessarily motivate you to improve your grades? Do you suddenly decide to do your homework because the leak is fixed? Probably not. The government sees that your grades remained the same, and two years later, when our school needs to hire more teachers and make the classes smaller, the government denies the school that money. They say that since money didnt help your grades last time, why should it help you now? But the truth is that smaller classes and better teachers do improve student achievement. Members of our government claim that giving more money to schools will not make a difference, but the government funding for schools needs to be used effectively to see a change in student performance. (Connell) The reason that some schools cant do things like buy computers and maintain their buildings to begin with is because the school funding system is so ineffective. The US government pays only 7% of all school money, and the rest is up to the states and the tax payers. Whatever money the states wont pay is paid as school tax, part of your property taxes, which are higher or lower depending on how much your home is worth. But this means that schools in poor neighborhoods get little money while wealthy schools, like ours, get nearly all they need. You dont see any leaky roofs in our school. Even if the state pays a lot of money, that still doesnt mean that the schools are well funded. In Hawaii, there is only one school district, and  the state pays for nearly all of that districts funding. Only 2% comes from property tax, and the rest comes out of income tax. But think about the industry in Hawaii- farming and tourism, two low income industries. 73% of Hawaiis schools report a need for expensive building repair that they cant afford on their own, and there is only one computer for every sixteen students. Even funded evenly by the state, Hawaiis schools are still under funded, and it has been predicted that by 2010, Hawaii will need 760 new classrooms. (National Education Association. ) Where will this money come from? It is up to the national government to make the difference in school funding. Take Pennsylvania for example. The Philadelphia school district is near bankruptcy. The debate goes on over whether to privatize the schools or not. If the schools are privatized, it means that a wealthy company will take over the district and fund it. The only problem with this is that the company now has the power to control everything in the district, including teacher salary, equipment, and even curriculum. Now if you were a business owner looking to make money, and not looking to educate children, you would most likely chose to change the curriculum to fit your own financial ambitions. It would be completely within the limits of the law for the company that owned these schools to dumb down the curriculum in order to save money, thus lowering the level of education received by students in Philadelphia. And what would be the first to go? Sports, Art, music, drama, and any other subject that isnt included on the standardized tests or SATs. How would you like to go to a school where there is no football team, no marching band, no cheerleading, no chorus, no trips to the State Drama Conference? Thats where schools in Philadelphia are headed. (Snyder) Compare that to my school district, just a short drive away. Every teacher has a laptop and every student has Internet access. Were looking at new classrooms of the future, where every kid gets a personal computer and all board work is done on a high tech projector. We have a Frisbee team, for heavens sake. And some schools dont even have money for textbooks. Inequality in school funding is so widespread that fixing it would mean a lot of work for government officials. But while they ponder how to fix it, the least they could do is help out the already failing schools. Nearly one fifth of all schools are considered high poverty, which means that three quarters of the students in these school qualify for free or reduced lunch. A study of 40,000 students by the US Department of Education showed that students in poor school districts, even if they came from wealthy to middle class families, scored two grade levels lower than the national average in math, and four levels lower in reading. (Overview) The government needs to be willing to help these schools with things like staff training and building maintenance. They should not hold it against the school if revamping the building doesnt improve student grades. What the government is doing, in essence, in punishing the victims of its own inept system. The assumption that money doesnt help kids in school is just that- an assumption. Money can make a huge difference, but a lot of the time it is wasted or used inappropriately. One school district began a highly expensive program to help kids doing poorly in school. The aides helping with the program did exactly what they were told, and reported all the progress made by kids in the program, which was little. It was a long time before the teachers participating in the program realized that it was useless, and that the money had been wasted. (Connell) If the National government is going to help fund failing schools, those schools do need to be held, to a certain extent, accountable for that money. In Philadelphia, so much money was wasted that the sate and national government now refuse to help fund it any longer. What is needed is a system to make sure that money given to the school is used effectively, so a tragedy like Philadelphia doesnt repeat itself. It is also important to remember that computers do not heal all wounds- they are not a magic pill to improve grades. But teachers are. The important thing in school is teaching. A recent study showed the link between class size and grades by placing a random selection of children into three groups- a large group with one teacher, a medium group with two teachers, and a small group with one teacher. It was shown that kids in smaller classes with well trained teachers did much better than those in larger classes, even if the teacher had an aide to help. And the students who benefited the most, believe it or not, were those who came from families with less income. (Connell) Why? Possibly because they dont receive that kind of one on one attention at home, or possibly just because a smaller class is easier for a teacher to handle. Either way, the goal is achieved. Kids who live in the city and poorer neighborhoods deserve the same education as the rest of us, and if their schools cant pay for it, the government should. Helping the country is the governments job, but how are they able to help anyone if they cant start with Americas children? Our constitution states that All men are created equal, but these day that means kids too. Our education sets the tone for the rest of our lives-from getting a job to providing for a family and having knowledge of the real world. Giving some students a better education than others, just because of the value of their home, is unconstitutional. If the present system doesnt provide the resources for schools to provide an equal education for all, then the government needs to pick up the slack of their own system. The money given to the schools by the government must be used effectively if a change is desired, and the way to do that is by hiring better teachers and making class size smaller. If the school itself cannot afford to educate its students, then the government needs to provide the school with the money to do so. Theyre Americas children too. Works Cited Overview. School Funding Inequity.  ©2000. Noreen Connell. Under Funded Schools-Why Money Matters. School funding Inequity. March/April 1998.  ©2000. NEA Government Relations. School Modernization Facts- Hawaii. National Education Association Website. May 23, 2001. Susan Snyder. PA to study school district finances The Philadelphia Inquirer. December 4, 2001. Julie green and Erica Lepping. Education Report- Shows Poverty Linked to Student Achievement. School Funding Inequity. Sptember 8, 1998.  ©2000.

Passive Reconnaissance Website Analysis

Passive Reconnaissance Website Analysis Assignment: Reconnaissance Paper Student Name: Soumil Deshpande Executive Summary In this assignment, passive reconnaissance was performed on The Weather Channels website i.e. www.weather.com and important results have been obtained regarding the organizations online behavior. In this passive reconnaissance attack we have discovered all the domain name and the corresponding IP addresses of the hosts, domain names, servers, reverse DNS, the webhost name and the location of the server. Furthermore, we have also discovered and analyzed many files such as .doc, .pdf, .xls from online public sources which in return gave us valuable information about the organization such as the username of few employees who have created those files, the software that was used to create those files, date of creation, date of edit, what server it was uploaded to, the operating system in use etc. It also provided us with the folder paths where the files were preset on the host servers. This information is very valuable to an attacker who is performing a reconnaissance attack as it gives o ut a lot of critical information about the internet footprint of the organization and this data was easily available to the attacker via all public sources using passive reconnaissance. To avoid this, we must make sure that we keep a track of all the public information which is readily available on the internet such as DNS lookups, WHOIS information and all the public files hosted and make sure that no valuable information can be extracted by an attacker which in turn could prove harmful for the organization if an attack was conducted on the organization in the future. Introduction to the organization The Weather Channel is an American cable and satellite television channel by NBC Universal. It is also a desktop, mobile app and satellite radio channel. Headquarters of the company is located in Atlanta, Georgia. This organization mainly provides weather related news and analysis which include 24-hour weather forecast and radar imagery. This company was chosen by me for this assignment because this company has a global presence and a very well wide spread and retrievable online footprint. It has servers all around the world which would give me many different points of opportunities for reconnaissance. And as their main function is far away from security I would assume that not a very high level of resources is spent on information security of all the online assists, domains, hosts and websites. Tools and Methods used to obtain data for passive reconnaissance Following are the tools used for conducting passive reconnaissance with the explanation of their working: FOCA (Fingerprint Organizations with Collected Archives) (FOCA n.d.) FOCA is an easy to use GUI tool made for windows whose main purpose is to extract metadata from the given website. FOCA automates the process of finding and downloading all the public documents of various format from the website, analyzing them and presenting the analyzed information in a human readable format on the FOCA windows GUI. The documents which are downloaded from the organizations website are searched by various methods including search engines like Google, Bing, Exalead etc. We can also add local files which we have acquired from other processes in the FOCA GUI for analysis and metadata extraction. An impressive feature of FOCA is that we can analyze the URL and the file without even downloading it. FOCA is capable of downloading and analyzing various types of documents ranging from Microsoft Office files to uncommon adobe files or other custom formats. After all the metadata is extracted from the files, FOCA matches similar information like documents created by the same group, Usernames of the owners of the documents and can even create a network map based on the metadata that was analyzed from all the public sources available on the internet. FOCA also includes a server discovery mode which automatically searches for the organization servers using recursively interconnected routines. Techniques such as Web Search, DNS Search, IP resolution, PTR Scanning, Bing IP, Common Names, DNS Prediction and Robtex are used in the process of server discovery in FOCA. Other features of FOCA include Network Analysis, DNS Spoofing, Search for common files, Proxies search, Technology identification, Fingerprinting, Leaks, Backups search, Error forcing and open directory searches. Google Search (Search engines reconnaissance The magic weapons n.d.) Search tools are very powerful weapons for an attacker for conducting passive reconnaissance on an organization. Using Google search as a reconnaissance tools is 100% legal and this process does not involve accessing unauthorized data or files. Reconnaissance using google is done by using special search queries which are constructed by search modifiers and search operators. Search modifiers are symbols such as + (Requires to match the term exactly), (Show all results excluding that match this term), * (Wildcard entry) and (Searching for a specific text, word or a phrase). Search operator includes keywords in the search queries such as: Allintext à ¯Ã†â€™Ã‚   Restricts search to contain all the query terms which you have specified. Allintitle à ¯Ã†â€™Ã‚   Restricts search to contain all the titles which have the specified text Allinurl à ¯Ã†â€™Ã‚   Restricts search to contain all the url specified. Filetype à ¯Ã†â€™Ã‚   Returns the search results which have a file which is specified by the user. For e.g. [document filetype:doc] will return all the documents with the file extension of .doc. Site à ¯Ã†â€™Ã‚   Google will restrict the search to the particular site or domain. Using the above search modifiers and operators we can construct a special query. For e.g. we can construct a query to get all the doc files from www.example.com as site:www.example.com filetype:doc. From google search alone we can obtain important information like Staff lists and positions, Contact information, Technical skill, helpdesk FAQs, Security policies etc. DNSDumpster.com DNSDumpster is an online service that enables us to scan a particular website to return valuable information like all the DNS records of the website, all the hosts, domains, IPs, location and reverse DNS addresses. It also gives a graphical representation of the network map of the organization by the previously described data. We can even export all this information from the website to an excel spreadsheet to further analyze the data. WHOIS and TRACEROUTE WHOIS is a query and response protocol used to retrieve internet resources like domain names, IP address, owner information, webhost contact information etc. Traceroute is a windows command which records the route through the web space or the internet from your computer to the destination address. PassiveRecon Mozilla Add-on (PassiveRecon n.d.) This very powerful Mozilla add-on combines various passive reconnaissance tools such as IP tracing, WHOIS, google search queries etc. into one single add-on which can use to perform a passive reconnaissance attack with a click of a button. Recon-ng (recon-ng n.d.) Recon-ng is a powerful tool made by the programmer LaNMaSteR53 which is a full-featured web based reconnaissance framework which is written in python. There is an inbuild module known as reconnaissance which is used for conducting all the passive reconnaissance on the website or web server. It gathers data such as IP information, domain names, hosts, location, related domains and other valuable information about the organization. It is a Linux tools and works with most of the new Linux distributions such as kali or Ubuntu. SamSpade (SamSpade n.d.) SamSpade is a windows tools which is famously used for passive reconnaissance. This tools is used to query important functions such as Zone transfer, SMTP relay check, Scan Addresses, Crawl Website, Browse Web, Fast and slow traceroutes, decode URL, parse email headers etc. NetCraft (netcraft n.d.) NetCraft is a United Kingdom based company which tracks almost all websites. Using this tool, we can obtain all the domains, site report with information like registrar information, location, DNS admin email address, hosting company, netblock owner etc. It also enables us to look at the hosting history with the name and version of the webserver and display what web technologies have been used on the website. Information found after reconnaissance DNS Hosts By using various reconnaissance tools ass mentioned above, we have gathered over 100 DNS hostnames for the website weather.com with additional information like IP addresses, reverse DNS, Netblock owner, country and webserver. The entire table of the gathered information is listed at the bottom of this document in a segregated tabular format for easy understanding. A network map has also been created from the above gathered DNS information and has been listed at the end of this document as well. We have also obtained the technologies used on the client side of the weather.com website. These technologies include jQuery, Google Hosted libraries, AJAX, Angular JS and Modernizr. Extracted Files and Metadata Using FOCA as well as google search queries, files were downloaded and analyzed from the weather.com server and host to reveal information about the organization like System Users, System paths, Software used and Clients connected to the server. Following are the list of user information which has been extracted from the metadata of the files gathered. Kerry McCord Maynard Linda iMarc Fatima Jantasri David Tufts Linda Maynard Neal Stein Following are the list of software used to create, modify these files or used in the organization in general. This data was extracted from over 159 documents which were gathered using FOCA and google search tools. Following are the Clients, Servers and Domains of weather.com gathered from server searching and analyzing file metadata. How the gathered information can be used by the attacker. The above-mentioned information although publicly available is very useful for an attacker to orchestrate an attack on the website. With all the information, such as DNS hostname, IP address, Reverse DNS, Hosting server etc. the attacker can further use active reconnaissance techniques on them to gather even more valuable information like the traffic on a particular server, capacity of a particular server, insecure protocols on the domain, SQL injection into form fields, DDoS attack on a particular sever etc. By recognizing a weak link in the network architecture of the organization, an attacker can find a way to enter into locations which was hidden from the public. By doing this the attacker can gain access to much more valuable information and further construct a stronger attack. With all the DNS address, available, the attacker can run an active penetration test on these webserver and IP addresses to find out different vulnerabilities which can be exploited in the future. Serves with a large amount of network loads can be DDoSed to crash the organization website. User information was also gathered in this passive reconnaissance process which can be used to gain more knowledge about the people working in the organization and can be used for various social engineering attacks. These particular users can be targeted by email which could in turn compromise the systems they are in charge of. We now also know the software used in the organization and their version number. We can find out the vulnerabilities on that particular software and use that with social engineering to exploit a target system on the organization. By using all the information gathered by this passive reconnaissance process, the attacker is exposed to a lot of avenues on which he can further dive deep into using active reconnaissance or penetration testing methods. Suggested Controls We have to keep in mind that it is essential for a business to release public documents online. Thus, we have to make sure that these public documents do not give out any valuable information in the form of metadata or even the actual content of the document. These documents should be analyzed internally by the information security team before uploading them to the public website. We can even use a tool to locally extract and remove all the metadata from the file before we upload them to the website. We must also take active actions to harden the perimeter of our network. We must understand the devices that run on our network and update them with up to date security patches and releases. We should only release vague and general information to the public regarding domain names and registrar information. We should also disable and remove all those devices, web servers, users, accounts, domains which are not in use. We should also conduct penetration testing on our web servers and web sites periodically to further harden our network. We should also use NAT for as much of the network as possible. This helps to block OS fingerprinting and port scanning issues which are the main part of the active reconnaissance techniques. We should add a stateful firewall on the network perimeter to prevent any intrusion. We should also have a IDPS system to monitor the traffic on each web server and log the actions or report the actions. Tables and Diagrams DNS hostnames, IP addresses, Reverse DNS of weather.com Hostname IP Address Reverse DNS dmz.weather.com 65.212.71.220 dmz.weather.com 65.212.71.221 weather.com 23.218.138.47 a23-218-138-47.deploy.static.akamaitechnologies.com adcap0x00.twc.weather.com 65.212.71.199 adcap0x00.twc.weather.com adcap0x01.twc.weather.com 65.212.71.198 adcap0x01.twc.weather.com adserver-es1.weather.com 96.8.82.170 adserver.es1.dc.weather.com adserver-es2.weather.com 96.8.83.170 adserver.es2.dc.weather.com adserver-tc1.weather.com 96.8.84.170 adserver.twc1.dc.weather.com adserver-tc2.weather.com 96.8.85.170 adserver.twc2.dc.weather.com ash-dc2-named-1.weather.com 96.8.90.1 ash-dc2-named-1.weather.com attpos.weather.com 96.8.82.142 attpos.weather.com attpos.weather.com 96.8.84.142 attpos.weather.com auth.twc1.dc.weather.com 96.8.84.137 auth.twc1.dc.weather.com b.twc1.dc.weather.com 96.8.84.144 b.twc1.dc.weather.com b.twc2.dc.weather.com 96.8.85.144 b.twc2.dc.weather.com backupmediadmz.twc.weather.com 65.212.71.95 backupmediadmz.twc.weather.com betaorigin.weather.com 96.8.84.147 betaorigin.weather.com betatest2.weather.com 96.8.85.103 betatest2.weather.com blogs.twc.weather.com 65.212.71.97 blogs.twc.weather.com builddata.weather.com 96.8.82.54 builddata.weather.com buildds.weather.com 96.8.82.49 builddds.weather.com buildmap.weather.com 96.8.82.56 buildmap.weather.com buildmob.weather.com 96.8.82.50 buildmob.weather.com buildmob2.weather.com 96.8.82.51 buildmob2.weather.com buildorigin.weather.com 96.8.82.53 buildorigin.weather.com buildurs.weather.com 96.8.82.52 buildurs.weather.com buildweb.weather.com 96.8.82.46 buildweb.weather.com buildweb2.weather.com 96.8.82.47 buildweb2.weather.com buildwxii.weather.com 96.8.82.48 buildwxii.weather.com cacheds.twc1.dc.weather.com 96.8.84.141 cacheds.twc1.dc.weather.com cacheds.twc2.dc.weather.com 96.8.85.141 cacheds.twc2.dc.weather.com clustsrv1.twc.weather.com 65.212.71.115 clustsrv1.twc.weather.com clustsrv2.twc.weather.com 65.212.71.116 clustsrv2.twc.weather.com clustsrv3.twc.weather.com 65.212.71.117 clustsrv3.twc.weather.com clustsrv4.twc.weather.com 65.212.71.121 clustsrv4.twc.weather.com clustsrv5.twc.weather.com 65.212.71.122 clustsrv5.twc.weather.com connect.twc.weather.com 65.212.71.136 connect.twc.weather.com dmzdc02.dmz.weather.com 65.212.71.223 dmzdc02.twc.weather.com dmzdc02.twc.weather.com 65.212.71.223 dmzdc02.twc.weather.com dmz.weather.com 65.212.71.223 dmzdc02.twc.weather.com dmzdc03.dmz.weather.com 65.212.71.222 dmzdc03.twc.weather.com dmzdc03.twc.weather.com 65.212.71.222 dmzdc03.twc.weather.com dmz.weather.com 65.212.71.222 dmzdc03.twc.weather.com dmzswitch10.twc.weather.com 65.212.71.10 dmzswitch10.twc.weather.com dmzswitch11.twc.weather.com 65.212.71.11 dmzswitch11.twc.weather.com dmzswitch12.twc.weather.com 65.212.71.12 dmzswitch12.twc.weather.com dmzswitch13.twc.weather.com 65.212.71.13 dmzswitch13.twc.weather.com dmzswitch14.twc.weather.com 65.212.71.14 dmzswitch14.twc.weather.com dns1.weather.com 96.8.82.15 dns2.weather.com dns2.weather.com 96.8.82.15 dns2.weather.com dns3.weather.com 96.8.84.15 dns3.weather.com dsp-db.twc.weather.com 65.212.71.119 dsp-db.twc.weather.com dsq-db.twc.weather.com 65.212.71.99 dsq-db.twc.weather.com dualg.twc.weather.com 65.202.103.100 dualg.twc.weather.com articles.weather.com 52.200.156.65 ec2-52-200-156-65.compute-1.amazonaws.com chef.dev.web.weather.com 54.208.182.48 ec2-54-208-182-48.compute-1.amazonaws.com apistatus.weather.com 54.236.78.100 ec2-54-236-78-100.compute-1.amazonaws.com checkout.developer.weather.com 54.69.68.23 ec2-54-69-68-23.us-west-2.compute.amazonaws.com f5.twc.weather.com 65.212.71.140 f5.twc.weather.com f5lab.dmz.weather.com 65.212.71.66 f5lab.dmz.weather.com f5vpn-lab.dmz.weather.com 65.212.71.65 f5vpn-lab.dmz.weather.com faspex0b00.twc.weather.com 65.212.71.48 faspex0b00.twc.weather.com faspex0b01.twc.weather.com 65.212.71.49 faspex0b01.twc.weather.com ftp.twc.weather.com 65.212.71.113 ftp.twc.weather.com ftp1.twc.weather.com 65.212.71.108 ftp1.twc.weather.com ftp2.twc.weather.com 65.212.71.109 ftp2.twc.weather.com giporigin.twc1.dc.weather.com 96.8.84.166 giporigin.twc1.dc.weather.com giporigin.twc2.dc.weather.com 96.8.85.166 giporigin.twc2.dc.weather.com gwdmz.twc.weather.com 65.212.71.1 gwdmz.twc.weather.com hide135.twc.weather.com 96.8.88.135 hide135.twc.weather.com hide136.twc.weather.com 65.202.103.136 hide136.twc.weather.com hide139.twc.weather.com 65.202.103.139 hide139.twc.weather.com hide166.twc.weather.com 65.202.103.166 hide166.twc.weather.com hide167.twc.weather.com 65.202.103.167 hide167.twc.weather.com hide19.twc.weather.com 65.202.103.19 hide19.twc.weather.com hide20.twc.weather.com 65.202.103.20 hide20.twc.weather.com hide206.twc.weather.com 65.202.103.206 hide206.twc.weather.com hide207.twc.weather.com 65.202.103.207 hide207.twc.weather.com hide208.twc.weather.com 65.202.103.208 hide208.twc.weather.com hide209.twc.weather.com 65.202.103.209 hide209.twc.weather.com hide21.twc.weather.com 96.8.88.21 hide21.twc.weather.com hide22.twc.weather.com 96.8.88.22 hide22.twc.weather.com hide23.twc.weather.com 96.8.88.23 hide23.twc.weather.com hide24.twc.weather.com 96.8.88.24 hide24.twc.weather.com hide25.twc.weather.com 96.8.88.25 hide25.twc.weather.com hide250.twc.weather.com 96.8.88.250 hide250.twc.weather.com hide26.twc.weather.com 96.8.88.26 hide26.twc.weather.com hide27.twc.weather.com 96.8.88.27 hide27.twc.weather.com hide28.twc.weather.com 96.8.88.28 hide28.twc.weather.com hide29.twc.weather.com 65.202.103.29 hide29.twc.weather.com hide30.twc.weather.com 65.202.103.30 hide30.twc.weather.com hide31.twc.weather.com 65.202.103.31 hide31.twc.weather.com hide35.twc.weather.com 65.202.103.35 hide35.twc.weather.com iasq-app.twc.weather.com 65.212.71.98 iasq-app.twc.weather.com ibp-db.twc.weather.com 65.212.71.118 ibp-db.twc.weather.com imwxsecure.twc1.dc.weather.com 96.8.84.159 imwxsecure.twc1.dc.weather.com imwxsecure.twc2.dc.weather.com 96.8.85.159 imwxsecure.twc2.dc.weather.com careers.twc.weather.com 65.212.71.129 przrecruit01.dmz.weather.com bes.twc.weather.com 65.212.71.224 przsccmdp01.dmz.weather.com grid.weather.com 54.231.49.82 s3-website-us-east-1.amazonaws.com Network Map for weather.com n.d. FOCA. https://www.elevenpaths.com/labstools/foca/index.html. n.d. netcraft. https://www.netcraft.com/. n.d. PassiveRecon. https://addons.mozilla.org/en-US/firefox/addon/passiverecon/. n.d. recon-ng. https://bitbucket.org/LaNMaSteR53/recon-ng. n.d. SamSpade. https://www.sans.org/reading-room/whitepapers/tools/sam-spade-934. n.d. Search engines reconnaissance The magic weapons. http://securityaffairs.co/wordpress/19570/hacking/search-engines-reconnaissance-magic-weapons.html.

Japan Recession Essay examples -- essays papers

Japan Recession Thomas Paine was born on January 29, 1737 at Thetford, Norfolk in England, as a son of a Quaker. In 1774, he met Benjamin Franklin in London, who advised him to immigrate to America, giving him letters of recommendation. Paine reached Philadelphia on November 30, 1774 where he started over as a publicist. He wrote many articles that touched on various topics. On January 10, 1776 Thomas Paine grouped his ideas on American independence in his pamphlet â€Å"Common Sense.† I think Thomas Paine’s â€Å"Common Sense† had a significant influence on the separation from England. I believe Paine thought the Colonies had all the right to revolt against a government that imposed taxes on them but didn’t give them the right of representation in the Parliament at Westminster. Thomas believed there was no reason for the Colonies to stay dependent on England. I think Thomas Paine had an incredible way of persuading people to take action through his writing. In his â€Å"Common Sense,† Paine states that sooner or later independence from England must come, because America had lost touch with the mother country. In his words, all the arguments for separation of England are based on nothing more than simple facts, plain arguments and common sense. Paine viewed government as necessary evil that could only become safe when it was represented and altered by frequent elections. Paine also states that the function of government in society o ught to be only regulating and as simple as...

bill gates :: essays research papers fc

William H. Gates III Biographical Essay Uploaded by surfchick (2074) on Jan 5, 2005 William H. Gates III (Bill Gates) Biography On October 28, 1955 William H. Gates III (nicknamed "trey") was born in Seattle. His father was a lawyer (William H. Gates II) and his mother was a schoolteacher. He also had two older sisters who were in high school when Bill was born. Bill attended a public elementary school before he moved to a private school in North Seattle named Lakeside. Lakeside's strong academics enabled Bill to actively get involved with computers (which were the love of his life next to baseball) and use his superior intellect. This was the beginning of a long and successful career in computers. Bill combined his intellect and visions of technology along with his active participation in may charities to make our world a better place. He was born with a long family history of business, politics and community services. His grand father was the vice president of a national bank, and his father was a prominent lawyer. Early in life it was obvious that Bill Gates inherited the ambition, intelligence and competitive spirits that helped the rest of his family rise to the top in their chosen professions. In elementary school he quickly surpassed all of his peer's abilities in nearly all subjects, especially in math and science. His parents recognized his intelligence and decided to enroll him in Lakeside, a private school known for its intense academic environment. It was at Lakeside that he was first introduced to computers. In the spring of 1968 the Lakeside Prep School concluded that it should acquaint the student body with the world of computers. They were still too large and costly for the school to purchase it's own, so instead they had a fund raiser and bought computer time on a DEC PDP-10 owned by General Electric. A few thousand dollars were raised which the school figured would buy more than enough time to last into the next school year. But they had drastically underestimated the amount of students that would be addicted to this machine. With in a week all of the school's computer time had been used up. Bill and his friends went to places that made computers and finally found a company that would let them use their computers for free, but they had to record all the times that the computers crashed and exactly what happened so they could fix it.

Skating on Thin Ice :: essays research papers

Skating on Thin Ice   Ã‚  Ã‚  Ã‚  Ã‚  The Olympic Games have been around for hundreds of years. They are something that people everywhere around the world look forward to all year long. Athlete or not, everyone knows what the Olympics are. With the extreme popularity comes extreme broadcasting. Millions of people turned on their televisions and radios, read newspapers and magazines, and searched the web to hear the results and news about the games this winter. Broadcasting feeds people. They crave to hear the latest scandal, see footage of the most recent event, and be informed of what is going on in the world that they live in. This year the figure skating competition drew a particularly enormous audience. Because a scandal was involved, figure skating received special attention, which left the sport with a new reputation. Media is a powerful thing; this was proven this year during the winter Olympic games.   Ã‚  Ã‚  Ã‚  Ã‚  A lot was heard, and learned, about figure skating during the past month of Olympic coverage. This year, a problem with judging and secret deals caused two gold medals to be given out; one to the Russians and one to the Canadians. What happened off the ice seemed juicier than the actual competition, according to many sources of media. What is interesting, is that controversy is not uncommon to the sport of figure skating. A Newsweek article, â€Å"The Sleazy Side of Skating,† gives many examples of past figure skating scandals. In 1908, at the London Olympics, Russian Nicolai Panin withdrew from competition, saying the judges were stacked against him. At the 1936 Games, a Hungarian judge placed the Hungarian skaters second and third, which stood out when no other judge had placed them higher than seventh. In 1927 at the World Championships in Oslo, a Norwegian skater placed first, thanks to three Norwegian judges. That led the International Skating Union to restrict each country to one judge. Although these are significant examples of figure skating trickery, they were not really important until now. Journalists are researching the history of figure skating, and making known scandals that had occurred in the past. In 1993, Tonya Harding’s husband paid $6,500 to have Nancy Kerrigan injured so his wife could have an advantage. The Harding-Kerrigan scandal was this country’s first real taste of the drama that goes on with figure skating. Because a scandal involving money and crime took place, it was shown all over television, and talked about on the radio.

Enterperneurship and Notes

Entrepreneurship—MGT602 VU Table of Contents Lesson No. Title / Topic 1 Introduction 2 The Nature and Importance of Entrepreneurship 3 Entrepreneurial Process/ Start up 4 The Entrepreneurial and Intrapreneurial Mind 5 The Entrepreneurial and Intrapreneurial Mind (Contd†¦ ) 6 The Entrepreneurial and Intrapreneurial Mind (Contd†¦ ) 7 The Entrepreneurial and Intrapreneurial Mind (Contd†¦ ) 8 The Individual Entrepreneur 9 The Individual Entrepreneur (Contd†¦ ) 10 The Individual Entrepreneur (Contd†¦ 11 International Entrepreneurial Opportunities 12 International Entrepreneurial Opportunities 13 International Entrepreneurial Opportunities (Contd†¦ ) 14 International Entrepreneurial Opportunities (Contd†¦ ) 15 International Entrepreneurial Opportunities (Contd†¦ ) 16 Creativity and Business Idea 17 Creativity and the Business Idea 18 Legal Issues for the Entrepreneur 19 Legal Issues for Entrepreneur (Contd†¦ ) 20 Legal Issues for the Entr epreneur (Contd†¦ ) 21 Creating and Starting the Venture 22 Creating and Starting the Business Venture (Contd†¦ 23 Creating and Starting the Venture (Continued) 24 Creating and Starting the Business Plan Continued) 25 The Marketing Plan 26 The Marketing Mix 27 The Organizational Plan 28 The Organizational Plan (Continued) 29 The Organization Plan (Contd†¦ ) 30 The Financial Plan 31 The Financial Plan (Continued†¦ ) 32 Pro Forma Sources and Uses of Funds 33 Pro forma Sources and Uses of Funds 34 Bank Lending Decision 35 Sources of Capital 36 Sources of Capital (Contd†¦ ) 37 Capital Sources in Pakistan Preparing for the New Venture Launch: Early Management Decisions 38 (Contd†¦ ) Page No. 3 06 08 13 15 18 20 22 24 26 29 33 35 37 39 40 43 46 49 52 54 56 58 60 62 65 68 70 72 75 77 81 83 85 87 89 91 95  © Copyright Virtual University of Pakistan 1 Entrepreneurship—MGT602 VU 39 Preparing for the New Venture Launch: Early Management Decisions (Contdâ € ¦ ) 40 Preparing for the New Venture Launch: Early Management Decisions (Contd†¦ ) 41 Preparing for the New Venture Launch: Early Management Decisions (Contd†¦ ) 96 97 99 42 Preparing for the New Venture Launch: Early Management Decisions (Contd†¦ ) 43 New Venture Expansion Strategies and Issues 44 New Venture Expansion Strategies and Issues (Contd†¦ 45 Entrepreneurship and Pakistan 102 103 105 108  © Copyright Virtual University of Pakistan 2 Entrepreneurship—MGT602 INTRODUCTION Lesson 01 LEARNING OBJECTIVES 1. 2. 3. 4. 5. VU 1. To introduce the concept of entrepreneurship and its historical development. 2. To explain the entrepreneurial decision process. 3. To identify the basic types of start-up ventures. 4. To explain the role of entrepreneurship in economic development. 5. To discuss the ethics and racial responsibility of entrepreneurs. NATURE AND DEVELOPMENT OF ENTREPRENEURSHIP The term entrepreneur comes from the French and translates â€Å" between-taker† or go-between. † Earliest Period In this period the money person (forerunner of the capitalist) entered into a contract with the go-between to sell his goods. While the capitalist was a passive risk bearer, the merchant bore all the physical and emotional risks. Middle Ages In this age the term entrepreneur was used to describe both an actor and a person who managed large production projects. In such large production projects, this person did not take any risks, managing the project with the resources provided. A typical entrepreneur was the cleric who managed architectural projects. 7th Century In the 17th century the entrepreneur was a person who entered into a contract with the government to perform a service Richard Cantillon, a noted economist of the 1700s, developed theories of the entrepreneur and is regarded as the founder of the term. He viewed the entrepreneur as a risk taker who â€Å"buy[s] at certain price and sell[s] at an uncertain price, t herefore operating at a risk. † 18th Century In the 18th century the person with capital was differentiated from the one who needed capital. In other words, entrepreneur was distinguished from the capital provider.Many of the inventions developed during this time as was the case with the inventions of Eli Whitney and Thomas Edison were unable to finance invention themselves. Both were capital users (entrepreneurs), not capital providers (venture capitalists. ) Whitney used expropriated crown property. Edison raised capital from private sources. A venture capitalist is a professional money manager who makes risk investments from a pool of equity capital to obtain a high rate of return on investments. 19th and 20th Centuries In the late 19th and early 20th centuries, entrepreneurs were viewed mostly from an economic perspective.The entrepreneur â€Å"contributes his own initiative, skill and ingenuity in planning, organizing and administering the enterprise, assuming the chance of loss and gain. † Andrew Carnegie is one of the best examples of this definition, building the American steel industry on of the wonders of industrial world, primarily through his competitiveness rather than creativity. In the middle of the 20th century, the notion of an entrepreneur as an innovator was established.  © Copyright Virtual University of Pakistan 3 Entrepreneurship—MGT602Innovation, the act of introducing something new, is one of the most difficult tasks for the entrepreneur. VU Edward Harriman and John Pierpont Morgan are examples of this type of entrepreneur. Edward reorganized the Ontario and southern railroad through the northern pacific trust and john developed his large banking house by reorganizing and financing the nation’s industries. This ability to innovate is an instinct that distinguishes human beings from other creatures and can be observed throughout history. DEFINITION OF ENTREPRENEUR The concept of entrepreneurship from a person al perspective has been explored in this century.This exploration is reflected in the following three definitions of an entrepreneur: In almost all definitions of entrepreneurship, there is agreement that we are talking about a kind of behavior that includes: 1. Initiative taking 2. The organizing and reorganizing or social/economic mechanisms to turn resources and situations to practical account. 3. The acceptance of risk or failure. To an economist, an entrepreneur is one who brings resources, labor, materials, and other assets into combinations that make their value greater than before, and one who introduces changes, innovations, and a new order.To a psychologist, such a person is typically driven by certain forces- the need to obtain something, to experiment, to accomplish or perhaps to escape the authority of others. Entrepreneurship is the dynamic process of creating incremental wealth. Our definition of entrepreneurship involves four aspects: 1. Entrepreneurship involves the creation process. 2. It requires the devotion of the necessary time and effort. 3. It involves assuming the necessary risks. 4. The rewards of being an entrepreneur are independence, personal satisfaction, and monetary reward.For the person who actually starts his or her own business there is a high failure rate due to poor sales, intense competition, lack of capital or lack of managerial ability. THE ENTR EPRENEURIAL DECISION PROCESS (Deciding to become an entrepreneur by leaving present activity ) Many individuals have difficulty bringing their ideas to the market and creating new venture entrepreneurship and the actual entrepreneurial decisions have resulted in several million new businesses being started throughout the world.Although no one knows the exact number in the United States. Indeed, millions of ventures are formed despite recession, inflation, high interest rates, and lack of infrastructure, economic uncertainty and the high probability of failure The entrepreneurial decision process entails a movement from something to something— a movement from a present life style to forming a new enterprise. To leave a present live-style to create something new comes from a negative force–disruption. Many companies are formed by people who have retired, moved, or been fired.Another cause of disruption  © Copyright Virtual University of Pakistan 4 Entrepreneurship—MGT602 is completing an educational degree. The decision to start a new company occurs when an individual perceives that forming a new enterprise is both desirable and possible. VU KEY TERMS Breakthrough innovations A new product with some technological change Business ethics The study of behavior and morals in a business situation Desirability of new venture formation Aspects of a situation that make it desirable to start a new company.Entrepreneur Individual who takes risks and starts something new Entrepreneur as an innovator An individual developing something unique Entrep reneurial decision process Deciding to become an entrepreneur by leaving present activity Entrepreneurship Process of creating something new and assuming the risks and rewards  © Copyright Virtual University of Pakistan 5 Entrepreneurship—MGT602 THE NATURE AND IMPORTANCE OF ENTREPRENEURSHIP Lesson 02 VU LEARNING OBJECTIVES 1. To introduce the concept of entrepreneurship and its historical development. . To explain the entrepreneurial decision process. Desirability of New Venture Formation (Aspects of a situation that make it desirable to start a new company) The perception that starting a new company is desirable results from an individual’s culture, subculture, family, teachers and peers. American culture places a high value on being your own boss, being a success and making money therefore, it is not surprising to find a high rate of company formation in the United States.On the other hand in some countries making money is not as valued and failure may be a disgrac e. The rate of business formation in these countries is not as high. Many subcultures that shape value systems operate within a cultural framework. Studies indicate that a high percentage of founders of companies had fathers and/or mothers who valued independence. Encouragement to form a company is also gained from teachers, who can significantly influence individuals. An area having a strong educational base is also a requirement for entrepreneurial activity.Peers are important, also, as is an area with an entrepreneurial pool and peer-meeting place. Possibility of New Venture Formation (Factors making it possible to create a new venture) Although the desire of new venture formation derived from the individual’s culture, subculture, family, teachers and peers needs to be present before any action is taken, the second feature necessary centers around this question â€Å"What makes it possible to form a new company? † Formal education nd previous business experience giv e a potential entrepreneur the skills needed to form and manage a new enterprise. Although educational systems are important in providing the needed business knowledge, individual will tend to be more successful in forming in fields in which they have worked. The government also contributes by providing the infrastructure to help a new venture. The market must be large enough and the entrepreneur must have the marketing know-how to put together the entire package. Finally, financial resources must be readily available.Although most start-up money comes from personal savings, credit, and friends, but there is often a need for additional capital. Riskcapital availability plays an essential role in the development and growth of entrepreneurial activity.  © Copyright Virtual University of Pakistan 6 Entrepreneurship—MGT602 VU KEY TERMS Foundation companies A type of company formed from research and development that usually does not go public. Gazelles Very high growth ventures. Government as an innovator A government active in commercializing technology High-potential ventures.A venture that has high growth potential and therefore receives great investor interest Entrepreneurship Entrepreneurship within an existing business structure Iterative synthesis The intersection of knowledge and social need that starts the product development process Lifestyle firm A small venture that supports the owners and usually does not grow Ordinary innovation Z new product with little technological change Possibility of new venture formation Factors making it possible to create a new venture Copyright Virtual University of Pakistan 7 Entrepreneurship—MGT602 ENTREPRENEURIAL PROCESS/START UPS Lesson 03 LEARNING OBJECTIVES 1. To identify the basic types of start-up ventures. 2. To explain the role of entrepreneurship in economic development 3. To discuss the ethics and racial responsibility of TYPES OF START-UPS Life-Style Firms A life-style firm exists primarily to su pport the owners and usually has little growth opportunity.This type of firm may grow after several years to 30 or 40 employees. Foundation Companies VU A type of company formed from research and development that usually does not go public. This firm can grow in five to ten years from 40 to 400 employees. High-Potential Venture A venture has high growth potential and therefore receives great investor interest. The company may start out like a foundation company, but its growth is far more rapid. After five to ten years the company could employ around 500 employees.These firms are also called gazelles and are most important for the economic development of an area ROLE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT The role of entrepreneurship in economic development involves initiating change in the structure of business and society. One theory of economic growth depicts innovation as the key, not only in developing new products, but also in stimulating investment interest. The new capi tal created expands the capacity for growth (supply side), and new spending utilizes the new capacity and output (demand side. In spite of the importance of investment and innovation in the economic development of an area, there is still a lack of understanding of few factors which are as follows: †¢ The product-evolution process is the process through which innovation develops and commercializes through entrepreneurial activity, which in turn stimulates economic growth. It begins with knowledge in the base technology and ends with products or services available in the marketplace. †¢ The critical point in the process is the intersection of knowledge and a recognized social need, called the iterative synthesis.This point often fails to evolve into a marketable innovation. Most innovations introduced in the market are ordinary innovations, with little uniqueness. Technological innovations refer to new products with significant technological advancements. †¢ †¢ â⠂¬ ¢ Breakthrough innovations mean the development of new products with some technological change. Regardless of the level of uniqueness or technology, each innovation evolves into and develops towards commercialization through one of three mechanisms: the government, entrepreneurship, or entrepreneurship.Entrepreneurship has assisted in revitalizing areas of the  © Copyright Virtual University of Pakistan 8 Entrepreneurship—MGT602 VU inner city. Individuals in inner-city areas can relate to the concept and see it as a possibility for changing their present situation. GOVERNMENT AS AN INNOVATOR A government active in commercializing technology is known as an innovative government. Commercializing technology is frequently called technology transfer. However, few inventions resulting from government-sponsored research have reached the commercial market.Most of the by-products from scientific research have little application to any social need. The government lacks the busines s skills needed for successful commercialization. Government bureaucracy and red tape also often inhibit the timely formation of the business. Recently, federal labs have been required to commercialize some of their technology each year and some are providing entrepreneurial training Intrapreneurship Intrapreneurship refers to entrepreneurship within an existing organization or business structure. Existing businesses have the financial resources, business skills, and arketing and distribution system to commercialize innovation successfully. Often the bureaucratic structure, emphasis on short-term profits, and structured organization inhibit creativity. Some corporations have tried to establish an Entrepreneurial spirit in their organization, some in the form of strategic business units (SBUs. ) Intrapreneurship can also bridge the gap between science and the marketplace. It is the practice of using entrepreneurial skills without taking on the risks or accountability associated with entrepreneurial activities.It is practiced by employees within an established organization using a systemized business model. Employees, perhaps engaged in a special project within a larger firm are supposed to behave as entrepreneurs, even though they have the resources and capabilities of the larger firm to draw upon. Capturing the dynamic nature of entrepreneurial management (trying things until successful, learning from failures, attempting to conserve resources, etc. ) adds to the potential of otherwise static organizations without exposing those employees or self mployed people to the risks or accountability normally associated with entrepreneurial failure. Employee Intrapreneur An employee Intrapreneur is the person who focuses on innovation and creativity and who transforms a dream or an idea into a profitable venture, by operating within the organizational environment. Thus, Intrapreneurs are inside entrepreneurs who follow the goal of the organization. Employees, perhaps e ngaged in a special project within a larger firm are supposed to behave as entrepreneurs, even though they have the resources, capabilities and security of the larger firm to draw upon.Capturing a little of the dynamic nature of entrepreneurial management (trying things until successful, learning from failures, attempting to conserve resources, etc. ) adds to the potential of an otherwise static organizations without exposing those employees to the risks or accountability normally associated with entrepreneurial failure Entrepreneurship The third method for bridging the gap between the science and the marketplace is via  © Copyright Virtual University of Pakistan 9 Entrepreneurship—MGT602 VU entrepreneurship. Many entrepreneurs have difficult time bridging this gap and creating new ventures.They may often lack managerial skills, marketing capabilities, or financial resources. They frequently do not know how to interface with banks, suppliers, customers, and distributors. Ye t, entrepreneurship is the most effective method for bridging the gap and creating new enterprises, these activities affect an areas economy by building the economic base and providing jobs. ENTREPRENEURIAL CAREERS AND EDUCATION Since 1985 there has been an increased interest in entrepreneurial careers fostered by factors such as increased media coverage of entrepreneurs and employment shifts.A conceptual model for understanding entrepreneurial careers views the career stages as interacting with other stages and events in the individual’s life, the life-cycle approach. This approach conceptualizes entrepreneurial careers in nine categories. 1. Educational environment 2. The individual’s personality 3. Childhood family environment 4. Employment history 5. Adult development history 6. Adult family/non-work history 7. Current work situation 8. The individual’s current perspective 9.The current family situation Although there exist a common perception that entrepren eur are less educated than the general population however studies have found entrepreneurs overall and female entrepreneurs in particular, are far more educated than the general population. However, this education sometimes does not develop the specific skills needed in the venture, especially for women entrepreneurs. Childhood influences have been explored, particularly in terms of values and the individual’s personality . The traits most frequently researched are the need for achievement, locus of control, risk-taking, and gender identity.The research on the childhood family environment of the entrepreneur has had more definite results. Entrepreneurs tend to have self-employed fathers, and many also have entrepreneurial mothers. The family plays an important role in establishing the desirability of entrepreneurship as a career. Employment history also has an impact on entrepreneur careers in both positive and a negative sense. Entrepreneurs tend to have a higher probability of success when the venture created is in their field of experience. Negative displacement (such as dissatisfaction with various aspects of ones job) also encourages entrepreneurship.Although no definite research has been done on the adult development history of entrepreneurs, it appears to also affect entrepreneur’s careers. One’s development history has somewhat more of an impact on women, since they tend to start businesses at a later stage in life. There is a lack of data on adult family/non-work history and the available data adds little understanding towards entrepreneurial career development. Entrepreneurs are known for their strong work values, their long workdays, and their dominant management style. They tend to fall in love with the organization and will sacrifice almost Copyright Virtual University of Pakistan 10 Entrepreneurship—MGT602 VU anything in order for it to survive. While in college, few future entrepreneurs realize that they will pursue e ntrepreneurship as their major life goal. Relatively few individuals will start a business immediately after graduation. Entrepreneurship education is a fast growing area in colleges and universities. While the courses vary by university, there is a great commonality, especially in the initial few courses. The skills required by entrepreneurs can be classified in to three main areas: 1.Technical skills involve such things as writing, listening, oral presentations, coaching, and technical know-how. 2. Business management skills include those areas involved in starting, developing and managing any enterprise. 3. Personal entrepreneurial skills differentiate an entrepreneur from a manager and include inner control (discipline), risk taking, innovativeness, persistence, visionary leadership, and being change oriented. These skills and objectives form the basis of the modular approach to an entrepreneurship curriculum.Today entrepreneurs are recognizing the need to learn some of the scie nce of management in an MBA program in order to grow their businesses effectively in the global environment. ETHICS AND SOCIAL RESPONSIBILITY OF ENTREPRENEURS The entrepreneur must establish a balance between ethical exigencies, economic expediency, and social responsibility. A managers attitudes concerning corporate responsibility tend to be supportive of laws and professional codes of ethics. Entrepreneurs have few reference persons, role models, and developed internal ethics codes.Entrepreneurs are sensitive to peers pressure and social norms in the community as well as pressures from their companies. While ethics refers to the â€Å"study of whatever is right and good for humans,† business ethics concerns itself with the investigation of business practices in light of human values. The word â€Å"ethics† stems from the Greek ethos, meaning custom and usage. Development of Our Ethical Concepts Socrates, Plato, and Aristotle provide the earliest writings dealing with ethical conceptions; earlier writings involving moral codes can be found in both Judaism and Hinduism.American attitudes on ethics result from three principle influences: Judeo-Christian heritage, a belief in individualism and opportunities based on ability rather than social status. Research on business ethics can be broken down into four broad classifications: 1. Pedagogically-oriented inquiry 2. Theory-building without empirical testing 3. Empirical research, measuring the attitudes and ethical beliefs of students and academic faculty 4.Empirical research within business environments THE FUTURE OF ENTREPRENE URSHIP In spite of the differences in definition of entrepreneurship, there are common aspects such as risk taking, creativity, independence, and rewards. Entrepreneurship is currently being embraced by educational institutions, governments, societies, and corporations. Schools are increasing their emphasis on entrepreneurship in terms of courses and academic research. In Eu rope many universities have started programs in entrepreneurship. There has also been an increase in academic research, endowed chairs and centers of Copyright Virtual University of Pakistan 11 Entrepreneurship—MGT602 VU entrepreneurial activity. Governments have also promoted the growth of entrepreneurship. Individuals are encouraged to form new businesses and provided tax incentives, roads, and a communications system to facilitate this creative process. Some state governments are developing strategies for fostering entrepreneurial activity. The venture capital industry has benefited from lowering of capital gains tax rates and more relaxed rules regarding pension fund investment. Society’s support of entrepreneurship is critical in providing motivation and public support.The media has played a powerful role in developing public support. Media coverage uplifts the image of the entrepreneur and growth companies. Articles have appeared in newspapers such as New York Ti mes, The Wall Street Journal, and the Washington Post. Business magazines such as Barrons, Business Week, Forbes, and Fortune have provided coverage. Magazines such as Black Enterprise, Entrepreneur, Inc. , and Venture focus on issues of the entrepreneurial process. Television on both a national and local level has highlighted entrepreneurship. Large companies will continue to have a special interest in Entrepreneurship in the future.The largest 15 companies account for over 20 percent of the total U. S. research and development. Other companies will create more new businesses through Entrepreneurship. KEY TERMS Product-evolution process Process for developing and commercializing an innovation Risk taking Taking calculated chances in creating and running a venture. Technological innovation A new product with significant technological advancement Technology transfer Commercializing the technology in the laboratories into new products  © Copyright Virtual University of Pakistan 12 E ntrepreneurship—MGT602THE ENTREPRENEURIAL AND INTRAPRENEURIAL MIND LEARNING OBJECTIV ES 1. To explain the aspects of the entrepreneurial process. 2. To explain the differences between entrepreneurial and managerial domains. 3. To explain the organizational environment conducive for entrepreneurship. 4. To identify the general characteristics of an Entrepreneur. 5. To explain the process of establishing entrepreneurship in an organization. VU Lesson 04 ENTREPR E NEURIAL PROCESS The entrepreneurial process involves finding, evaluating, and developing an opportunity by overcoming the strong forces that resist the creation of something new.Phase 1: Identifying and Evaluating the Opportunity Most good business opportunities result from an entrepreneur being alert to possibilities. Some sources are often fruitful, including consumers and business associates. Channel members of the distribution system-retailers, wholesalers or manufacturer’s reps-are also helpful. Technically -oriented individuals often identify business opportunities when working on other projects. Each opportunity must be carefully screened and evaluated-this is the most critical element of the entrepreneurial process. . The evaluation process involves looking at b. The creation and length of the opportunity c. Its real and perceived value d. Its risks and return. e. It’s fit with the skills and goals of the entrepreneur f. Its differential advantage in its competitive environment It is important to understand the cause of the opportunity, as the resulting opportunity may have a different market size and time dimension. The market size and the length of the window of opportunity are the primarily bases for determining risks and rewards.The risks reflect the market, competition, technology, and amount of capital involved. The amount of capital forms the basis for the return and rewards. The return and reward of the present opportunity needs to be viewed in light of any possible s ubsequent opportunities as well. The opportunity must fit the personal skills and goals of the entrepreneur. The entrepreneur must be able to put forth the necessary time and effort required for the venture to succeed. One must believe in the opportunity enough to make the necessary sacrifices.Opportunity analysis, or an opportunity assessment plan, should focus on the opportunity and provide the basis to make the decision, including: a. A description of the product or service b. An assessment of the opportunity c. Assessment of the entrepreneur and the team d. Specifications of all the activities and resources needed e. The source of capital to finance the initial venture The most difficult aspect of opportunity analysis is the assessment of the opportunity. Phase 2: Develop a Business Plan A good business plan must be developed in order to exploit the opportunity defined.A good business plan is important in developing the opportunity and in determining the resources required, obta ining those resources and successfully managing the venture.  © Copyright Virtual University of Pakistan 13 Entrepreneurship—MGT602 VU Phase 3: Determine the Resources Required. Assessing the resources needed starts with an appraisal of the entrepreneur’s present resources. Any resources that are critical must be distinguished from those that are just helpful. Care must be taken not to underestimate the amount and variety of resources needed. Acquiring needed resources, while giving up as little control as possible, is difficult.The entrepreneur should try to maintain as large an ownership position as possible, particularly in the start-up stage. As the business develops, more funds will probably be needed, requiring more ownership be relinquished. Alternative resource suppliers should be identified, along with their needs and desires, in order to structure a deal with the lowest cost and loss of control. Phase 4: Manage the Enterprise. The entrepreneur must employ t hese resources through implementation of the business plan. This involves implementing a management structure, as well as identifying a control system.KEY TERMS Administrative domain The ways managers make decisions Business plan The description of the future direction of the business Corporate culture The environment of a particular organization Entrepreneurial domain The ways entrepreneurs make decisions Entrepreneurial process The process through which a new venture is created by an entrepreneur Entrepreneurial culture The environment of an entrepreneurial-oriented organization Entrepreneurship Entrepreneurship within an existing business organization Opportunity identification The process by which an entrepreneur comes up with the opportunity for a new venture Opportunity parameters Barriers to new product creation and development Top management commitment Managers in an organization strongly supporting entrepreneurship Traditional managers Managers in a non-entrepreneurial-orie nted organization Window of opportunity The time period available for creating the new venture  © Copyright Virtual University of Pakistan 14 Entrepreneurship—MGT602 VUTHE ENTREPRENEURIAL AND INTRAPRENEURIAL MIND (continued†¦) Lesson 05 LEARNING OBJECTIVES 1. To explain the aspects of the entrepreneurial process. 2. To explain the differences between entrepreneurial and managerial domains. 3. To explain the organizational environment conducive for entrepreneurship. 4. To identify the general characteristics of an entrepreneur. 5. To explain the process of establishing entrepreneurship in an organization. MANAGERIAL VERSUS ENTREPRENEURIAL DECISION MAKING The difference between the entrepreneurial and managerial styles involves five business dimensions. Strategic Orientation The entrepreneur’s strategic orientation depends on his or her perception of the opportunity.This orientation is most important when other opportunities have diminishing returns accompanied by rapid changes in technology, consumer economies, social values or political rules. When the use of planning systems is the strategic orientation, there is more pressure for the administrative domain to be operant. Commitment to Opportunity The entrepreneurial domainis pressured by the need for action and has a short time span in terms of opportunity commitment. The administrative domain (the ways mangers make decisions) is not only slow to act on an opportunity, but the commitment is usually for a longer time span. Commitment of Resources An entrepreneur is used to having resources committed at periodic intervals, often based on certain tasks or objectives being reached.In acquiring these resources the entrepreneur is forced to achieve significant milestones using very few resources. In the administrative domain, the commitment of resources is for the total amount needed. Administrative-oriented individuals receive personal rewards by effectively administering the resources under t heir control. Control of Resources The administrator is rewarded by effective resource administration and has a drive to own or accumulate as many resources as possible. The entrepreneur, under pressure of limited resources, strives to rent resources on an as-needed basis. Managerial Structure In the administrative domain, the organizational structure is formalized and hierarchical in nature.The entrepreneur employs a flat organizational structure with informal networks. CAUSES FOR RECENT INTEREST IN INTRAPRENEURSHIP  © Copyright Virtual University of Pakistan 15 Entrepreneurship—MGT602 VU Interest in intrapreneurship has resulted from events occurring on social, cultural, and business levels. There is an increasing interest in â€Å"doing your own thing. † Individuals frequently desire to create something of their own. They want responsibility and want more freedom in their organizations. Frustration can develop and result in the employee becoming less productive or leaving the organization. This has recently caused more discontent in structured organizations.When meaning is not provided within the organization, individuals often search for an institution, such as entrepreneurship, that will provide it. Intrapreneurship is one method for stimulating and capitalizing on those who think that something can be done differently and better, such as Xerox Corporation’s commitment to Xerox Technology Ventures. It is important to instill the intrapreneurial spirit in an organization in order to innovate and grow. In a large organization problems occur that thwart creativity and innovation. This growth and diversity that can result are critical, since large corporations are more efficient in a competitive market than are smaller firms.The resistance against flexibility, growth, and diversification can be overcome by developing a spirit of entrepreneurship, called Intrapreneurship, within the existing organization. There are social, cultural, and business pressures for Entrepreneurship. Hyper competition has forced U. S. companies to focus on new product development and increased productivity. Reductions in large corporation’s staff are being absorbed in the workforce, particularly in small businesses. Entrepreneurial endeavors consist of four key elements. 1. New business venturing refers to the creation of new business within an existing organization. 2. Organizational innovativeness refers to product and service innovation with an emphasis on development and innovation in technology. 3.Self-renewal reflects the transformation of organizations through the renewal of the key ideas on which they are built. 4. Proactiveness includes initiative and risk taking, as well as competitive aggressiveness KEY TERMS Administrative domain The ways managers make decisions Business plan The description of the future direction of the business Corporate culture The environment of a particular organization Entrepreneurial domain The ways entrepreneurs make decisions Entrepreneurial process The process through which a new venture is created by an entrepreneur Entrepreneurial culture The environment of an entrepreneurial-oriented organization Entrepreneurship  © Copyright Virtual University of Pakistan 16 Entrepreneurship—MGT602Entrepreneurship within an existing business organization Opportunity identification The process by which an entrepreneur comes up with the opportunity for a new venture Opportunity parameters Barriers to new product creation and development Top management commitment Managers in an organization strongly supporting Entrepreneurship Traditional managers Managers in a non-entrepreneurial-oriented organization Window of opportunity The time period available for creating the new venture VU  © Copyright Virtual University of Pakistan 17 Entrepreneurship—MGT602 VU THE ENTREPRENEURIAL AND INTRAPRENEURIAL MIND (continued†¦) Lesson 06 LEARNING OBJECTIVES 1. 2. 3. 4. 5. To expl ain the aspects of the entrepreneurial process. To explain the differences between entrepreneurial and managerial domains. To explain the organizational environment conducive for entrepreneurship. To identify the general characteristics of an entrepreneur. To explain the process of establishing entrepreneurship in an organization.CORPORATE VERSUS INTRAPRENEURIAL CULTURE Smaller, aggressive, entrepreneurial firms are developing more new products and becoming dominant in certain markets. Many companies are attempting to create the same spirit, culture, and rewards of entrepreneurship in their organizations. The typical corporate culture has a climate and reward system that favors conservative decision making. Emphasis is on gathering large amounts of data as the basis for a rational decision. Risky decisions are often postponed until hard facts are gathered or a consultant is hired. Often there are so many approvals required that no individual feels personally responsible for the proj ect. The guiding principles in a traditional corporate culture are: 1. 2. 3. 4. 5. 6.Follow instructions given Do not make mistakes Do not fail Do not take initiative Stay within your turf and protect your backside This restrictive environment is not conducive to creativity, flexibility, and risk taking The guiding principles of intrapreneurs Aspects of an Entrepreneurial culture are quite different: 1. 2. 3. 4. 5. Develop visions, goals, and action plans Be rewarded for actions taken Suggest, try, and experiment Create and develop Take responsibility and ownership There are differences in the norms of the two cultures. The traditional culture is hierarchical in nature, with established procedures, lines of authority, and control mechanisms. These support the present corporate culture, and do not encourage new venture creation.The culture of an intrapreneurial firm has a flat organizational structure with networking, teamwork, sponsors, and mentors. Close working relationships help establish an atmosphere or trust that facilitates accomplishment of visions. Individuals make suggestions across functional areas, resulting in cross-fertilization of ideas. The two cultures produce different types of individuals and management styles.  © Copyright Virtual University of Pakistan 18 Entrepreneurship—MGT602 VU Motivation Traditional managers are motivated primarily by promotion and typical corporate rewards. Entrepreneurs and intrapreneurs thrive on independence and the ability to create.Intrapreneurs expect their performance to be suitably rewarded. There are also time orientation differences. Managers emphasize the short run, entrepreneurs the long run, and intrapreneurs somewhere in between. Intrapreneurs use a midpoint mode between delegation of managers and direct involvement of entrepreneurs. Entrepreneurs and intrapreneurs are moderate risk takers; managers are much more cautious. Most entrepreneurs fail at least once, and Intrapreneurs learn to concea l risky projects from management until the last possible moment. Traditional managers tend to be most concerned about those at higher levels, entrepreneurs serve self and customers, and intrapreneurs add sponsors.CLIMATE FOR INTRAPRENEURSHIP In establishing an Intrapreneurial environment, certain factors and leadership characteristics need to be present. The first of these is that the organization operates on the frontiers of technology. Since research and development are key sources for new product ideas, the firm must operate on the cutting edge of technology and encourage and supporting new ideas instead of discouraging them. Second is experimentation, or trial and error, is encouraged. Successful new products usually do not appear fully developed; instead they evolve. A company wanting to establish an intrapreneurial spirit has to establish an environment that allows mistakes and failures.Without the opportunity to fail, few corporate intrapreneurial ventures will be developed. Third an organization should make sure that there are no initial opportunity parameters, such as turf protection, inhibiting creativity in new product development. Fourth, the resources of the firm need to be available and easily accessible. Often, insufficient funds are allocated not to creating something new but instead to solving a problem that have an immediate effect on the bottom line. Some companies, such as Xerox, 3M, and AT&T have established separate venture capital areas for funding new internal ventures. Fifth a multidisciplinary team approach needs to be encouraged.One key to Intrapreneurial success is the existence of â€Å"skunkworks† involving key people. Developing the needed team work for a new venture is further complicated by the fact that a team member’s promotion within the corporation is related to performance in the current position, not in the new venture. The corporate environment must establish a long time horizon for evaluating the success o f the overall program. Sixth the spirit of intrapreneurship cannot be forced on individuals; it must be voluntary. Most managers in a corporation are not capable of being successful intrapreneurs. Those who do emerge from this self selection process must be allowed the latitude to carry a project through to completion.An intrapreneur falls in love with the new venture and will do almost anything to ensure its success. The seventh characteristic is a reward system. The intrapreneur needs to be appropriately rewarded for the energy and effort expended on the new venture. An equity position in the new venture is one of the best motivational methods. Eight a corporate environment favorable for intrapreneurship has sponsors and champions throughout the organization that supports the creative activity and resulting failures. Finally the intrapreneurial activity must be whole-heartedly supported by top management.  © Copyright Virtual University of Pakistan 19 Entrepreneurship—MGT 602 VUTHE ENTREPRENEURIAL AND INTRAPRENEURIAL MIND (continued†¦) Lesson 07 LEARNING OBJECTIVES 1. 2. 3. 4. 5. To explain the aspects of the entrepreneurial process. To explain the differences between entrepreneurial and managerial domains. To explain the organizational environment conducive for entrepreneurship. To identify the general characteristics of an Entrepreneur. To explain the process of establishing entrepreneurship in an organization. INTRAPRENEURIAL LEADERSHIP CHARACTERISTICS There are certain individual characteristics needed for a person to be successful Entrepreneurs, including: 1. Understanding the environment 2. Being visionary and flexible 3. Creating management options 4.Encourage teamwork while employing a multi-disciplined approach 5. Encouraging open discussion 6. Building a coalition of supporters, and persisting An Entrepreneur needs to understand all aspects of the environment. Part of this ability is reflected in individual’s level of creativity . Creativity tends to decrease with age and education. The individual must be creative and have a broad understanding of the internal and external environments of the corporation. The intrapreneurial person must be a visionary leader-a person who dreams great dreams. Leadership is the ability to dream great things and communicate them in a way that people say yes to being a part of the dream.To establish a successful new venture, the intrapreneurial leader must have a dream and overcome all obstacles to achieve it. The third necessary characteristic is that the intrapreneur must be flexible and create management options. An intrapreneur is open to and encourages change. By challenging the beliefs and assumptions of the corporation, an intrapreneur can create something new in the organization structure. He or she must possess the ability to encourage teamwork and use a multi-disciplined approach. Every new company formation requires a broad range of business skills. The intrapreneur must be a good diplomat to minimize disruption. Open discussion must be encouraged to develop a good team for creating something new.Many corporate managers have forgotten that frank, open discussion is part of the learning process. A successful venture can be formed only when the team feels the freedom to disagree and to critique an idea. The degree of openness among the team depends on the degree of openness of the intrapreneur. Openness leads to a strong coalition of supporters and encouragers. The intrapreneur must encourage each team member, particularly during hard times. A good intrapreneur makes everyone a hero. Only through persistence will a new venture be created and successful commercialization result. ESTABLISHING INTRAPRENEURSHIP IN THE ORGANIZATION To establish an intrapreneurial environment, the organization must implement a procedure.This can be done internally, but it is easier to use an outsider to facilitate the process. This is particularly true when the environ ment is very traditional. There are some steps involved in it. Step 1: The first step is to secure a commitment to intrapreneurship in the organization by top, upper, and middle management. Without top management commitment, the organization will never be able to make the necessary changes. Once top management has committed to intrapreneurship for a sufficient length of time, the concept is introduced throughout the organization. This is effectively accomplished through seminars. General guidelines need to be  © Copyright Virtual University of Pakistan 20 Entrepreneurship—MGT602 VU stablished for intrapreneurial venture development. Next, intrapreneurial leaders need to be identified, selected, and trained. Step 2: Ideas and general interest areas should be identified, along with the amount of risk money that is available. The overall expectations and target results should be established, specifying time frame, profitability requirements, and impact of the organization. A m entor/sponsor system needs to be established. Step 3: A company needs to use technology to make itself faster and more flexible. Technology has allowed small companies to act like they are big ones. Large companies can use technology to make them responsive and flexible.Step 4: The organization can use a group of managers to train and share their experiences with other members. These sessions should be conducted one day per month for a specified period of time. Information about intrapreneurship and about the company’s specific activities should be well publicized. Step 5: The organization needs to develop ways to get closer to its customers by tapping the data base, hiring from smaller rivals, and helping the retailer. Step 6: An organization must learn to be more productive with fewer resources. With middle management cutbacks, more control has been given to lower levels of the organization. The span of control should be increased. Step 7: The organization needs to establis h a strong support structure.Because they do not immediately affect the bottom line, intrapreneurial activities can be overlooked and receive little funding. These ventures require flexible, innovative behavior, with the intrapreneurs having total authority over expenditures and access to funds. Step 8: The support must involve trying the rewards to the performance of the intrapreneurial unit. This encourages team members to work harder and compete more effectively. The equity portion of the compensation is particularly difficult to handle. Step 9: The organization needs to implement an evaluation system that allows successful units to expand and unsuccessful ones to be eliminated.PROBLEMS AND SUCCESSFUL EFFORTS Intrapreneurship, also called corporate venturing, is not without problems. One study found that new ventures started within a corporation performed worse than those started independently. Independent start-ups tend to outperform corporate start-ups. There are many examples of companies that have successfully implemented intrapreneurship. 3M allows employees to devote 15 percent of their time to independent projects. After failing to recognize the potential of Wozniak’s personal computer, Hewlett-Packard has taken steps to take advantage of future opportunities. Even IBM has developed the independent business unit concept. The problems of ntrapreneurship are not insurmountable, and the concept can lead to new products, growth and the development of an entirely new corporate environment and culture.  © Copyright Virtual University of Pakistan 21 Entrepreneurship—MGT602 THE INDIVIDUAL ENTREPRENEUR Lesson 08 LEARNING OBJECTIV ES 1. To identify some key entrepreneurial feelings and motivations. 2. To identify key elements in an entrepreneur’s background. 3. To discuss the importance of role models and support systems. 4. To identify the similarities and differences between male and female entrepreneurs. 5. To explain the differences between inventors and entrepreneurs. VU ENTREPR E NEURIAL FEELINGS There is no â€Å"true entrepreneurial profile†- entrepreneurs come from many educational backgrounds, family situations, and work experiences.A potential entrepreneur may presently be a nurse, secretary, assembly line worker, sales person, mechanic, home maker, manager or engineer. A potential entrepreneur can be male or female and of any race or nationality. Locus of Control One concern people have when forming is whether they will be able to sustain the drive and energy required to form something new and to manage the new enterprise and make it grow. While research results are inconsistent, internal control seems to be a characteristic of entrepreneurs. Internal beliefs appear to differentiate entrepreneurs from the general public, but not from managers. Managers and entrepreneurs both have an internality tendency. Feelings about Independence and Need for Achievement.The entrepreneur also has the need for i ndependence, to do things in his or her own way and time. Another controversial characteristic is the entrepreneur’s need for achievement. McClelland specified three attributes as characteristics of entrepreneurs: 1. Individual responsibility for solving problems and setting and achieving goals. 2. Moderate risk taking as a function of skill. 3. Knowledge of results of decision/task accomplishment. McClelland concluded that a high need for achievement leads individuals to engage in entrepreneurial behavior, although other studies have been inconsistent. Risk Taking Risk taking seems a part of the entrepreneurial process.However, it has not yet been empirically established whether risk-taking is a distinguishing characteristics of entrepreneurs. ENTREPR E NEURIAL BACKGRO UND AND CHARACT E RIST ICS Only a few background characteristics have differentiated the entrepreneur from the general populace or managers. Childhood Family Environment The impact of birth order and social st atus has had conflicting research results. There is strong evidence that entrepreneurs, both male and female, tend to have self-employed or entrepreneurial fathers. Having a father who is self-employed provides a strong inspiration in the example of independence and flexibility of self-employment.This feeling of independence is often further enforced by an entrepreneurial mother. The overall parental  © Copyright Virtual University of Pakistan 22 Entrepreneurship—MGT602 VU relationship may be the most important aspect of the childhood environment in establishing the desirability of entrepreneurial activity. Parents of entrepreneurs need to be supportive and encourage independence, achievement, and responsibility. This supportive relationship appears to be most important for females. Female entrepreneurs tend to grow up in middle- to upper-class environments, where families are child-centered, and are similar to their fathers in personality.KEY TERMS Departure points The act ivities occurring when the venture is started Inventor An individual who creates something new Locus of control An attribute indicating the sense of control that a person has over life Moral-support network Individuals who give psychological support to an entrepreneur Entrepreneurship – MGT602 VU  © Copyright Virtual University of Pakistan 23 Entrepreneurship—MGT602 VU THE INDIVIDUAL ENTREPRENEUR (continued†¦) Lesson 09 LEARNING OBJECTIVES 1. To identify some key entrepreneurial feelings and motivations. 2. To identify key elements in an entrepreneur’s background. 3. To discuss the importance of role models and support systems. 4. To identify the similarities and differences between male and female entrepreneurs. 5. To explain the differences between inventors and entrepreneurs.ENTREPRENEURIAL BACKGROUND AND CHARACTERISTICS Education Education appears important in the upbringing of the entrepreneur, in the level of education obtained and in playing a majo r role in coping with problems. Although formal education is not necessary for starting a new business, it does provide a good background. In education, female entrepreneurs previously experienced some disadvantage, with few having degrees in engineering, science, or math. The ability to deal with people and communicate clearly in written and spoken work is also important. Personal Values Studies have failed to indicate that entrepreneurs can be differentiated on personal valued from managers, unsuccessful entrepreneurs, or the general public. Leadership, support, aggression, benevolence, conformity, creativity, veracity, and resource seeking may also be important.A successful entrepreneur is frequently characterized as a winner; winning may be a prerequisite for his or her actually becoming one. Age Entrepreneurial age is the age of the entrepreneur reflected in the experience. Entrepreneurial experience is one of the best predictors of success. In chronological age, most entrepren eurs start their careers between ages 22 and 55. Earlier starts in an entrepreneurial career seem to be better than later ones. Generally, male entrepreneurs start their first venture in their early 30s, while women tend to do so in their middle 30s. Work History Dissatisfaction with one’s job often motivates the launching of a new venture. Previous technical and industry experience is also important once the decision to start a business is made.Experience in the following areas is particularly important: financing; product or service development; manufacturing; development of distribution channels; and preparation of a marketing plan. As the venture becomes established, managerial experience and skills become more important. Entrepreneurial experience becomes increasingly important as the complexity of the venture increases. MOTIVATION While motivations may vary, the reason cited most often for becoming an entrepreneur independence-not wants to work for anyone else. Other mo tivating factors differ between male and female entrepreneurs. Money is the second reason for men’s starting a venture. Job satisfaction, achievement, opportunity, and money are the second order reasons for women.  © Copyright Virtual University of Pakistan 24 Entrepreneurship—MGT602 VUKEY TERMS Motivations That causes people to do something Need for achievement An individual’s need to be recognized Need for independence. Being one’s own boss-one of the strongest needs of an entrepreneur Professional-support network Individuals who help the entrepreneur in business activities Role models Individuals influencing an entrepreneur’s career choice and style Social status The level at which an individual in viewed by society Work history The past work experiences of an individual  © Copyright Virtual University of Pakistan 25 Entrepreneurship—MGT602 VU THE INDIVIDUAL ENTREPRENEUR (continued†¦) Lesson 10 LEARNING OBJECTIVES 1. To identify some key entrepreneurial feelings and motivations. 2.To identify key elements in an entrepreneur’s background. 3. To discuss the importance of role models and support systems. 4. To identify the similarities and differences between male and female entrepreneurs. 5. To explain the differences between inventors and entrepreneurs. ROLE MODELS AND SUPPORT SYSTEMS One of the most important factors influencing entrepreneurs in their career choice is role models. Role models can be parents, relatives, or successful entrepreneurs in the community. Role models can also serve in a supportive capacity as mentors during and after the new venture is launched. This support system is most crucial during the start-up phase.It is important that an entrepreneur establish connections to support resources early in the venture formation process. As contacts expand they form a network with density (extensiveness of ties between two individuals) and centrality (the total distance of the entrepreneu r to all other individuals. ) The strength of ties between the entrepreneur and any individual is dependent on the frequency, level, and reciprocity of the relationship. An informal network for moral and professional support benefits the entrepreneur. Moral-Support Network It is important for the entrepreneur to establish a moral support network of family and friends. Most entrepreneurs indicate that their spouses are their biggest supporters.Friends can provide advice that is more honest than that received from others, plus encouragement, understanding, and assistance. Relatives can also be sources of moral support, particularly if they are also entrepreneurs. Professional-Support Network The entrepreneur also needs advice and counsel, which can be obtained from members of a professional support network. A mentor-protege relationship is an excellent way to secure the needed professional advice. The mentor is a coach, sounding board, and advocate. The individual selected needs to be an expert in the field. An entrepreneur can initiate the â€Å"mentor-finding process† by identifying and contacting a number of experts.The mentor should be periodically apprised of the progress of the business so that a relationship can gradually develop. Another source of advice is a network of business associates. Self-employed individuals who have experience in starting a business are good sources. Clients and buyers are also important as they provide word-of-mouth advertising. Suppliers are good components of the professional-support network-they help to establish credibility with creditors and customers, and provide good information on trends in the industry. Trade associations are good network additions, as they keep up with new developments and can provide overall industry data. Affiliations ith individuals developed in hobbies, sporting events, civic involvements and school alumni groups are excellent sources of referrals, advice, and information. Each entrepreneur needs to establish both a moral- and a professional-support network to share problems with and gain overall support. MALE VERSUS FEMALE ENTREPRENEURS Women are now starting new ventures at three times the rate of men. Women form over 70  © Copyright Virtual University of Pakistan 26 Entrepreneurship—MGT602 VU percent of all new businesses. Women now own over 8. 5 million small businesses, an increase of over 45 percent since 1990. In some respects female entrepreneurs possess very different motivations, business skills, and occupational backgrounds.Factors in the start-up process for male and female entrepreneurs are different, especially in such areas as support systems, sources of funds, and problems. Men are motivated by the drive to control their own destinies. Women tend to be more motivated by the need for achievement arising from job frustration. Departure points and reasons for starting the business are similar for both men and women. Both generally have a strong i nterest and experience in the area of their venture. For men, the transition to a new venture is easier when the venture is an outgrowth of a present job. Women often leave a previous occupation with a high level of frustration and enthusiasm for the new venture rather than experience.Start-Up Financing Males often have investors, bank loans, or personal loans in addition to personal funds as sources of startup capital. Women usually rely solely on personal assets or savings. Obtaining financing and lines of credit are major problems for women. Occupations Both groups tend to have experience in the field of their ventures. Men more often have experience in manufacturing, finance, or technical areas. Most women usually have administrative experience, often in service-related fields. Personality Both men and women tend to be energetic, goal-oriented, and independent. Men are often more confident and less flexible and tolerant than women. Backgrounds The backgrounds of male and female entrepreneurs tend to be similar.Women are little older when they embark on their careers. Men often have studied in technical- or business-related areas, while women tend to have liberal arts education. Many women busi