New Venture Formation Research Paper Example | Topics and Well Written Essays - 1250 words

New Venture Formation - Research Paper Example New venture development In order to easily interpret the process of new venture or business development, it is better to split the term ‘business development’ into two such as business and development. The term business constitutes certain significant elements like finance, managerial activities, competition, marketing, and prices. In addition, the basic idea behind the term business is that it largely relates to risk and entrepreneurship. At the same time, the term ‘development’ can be linked with some other aspects such as technological improvement, improved relations, cost reduction, and general welfare. According to conventional views, business development is considered as gradual development of business ideas and business operations; and although the techniques used to promote the business expansion may differ, all of them constitute traditional marketing (â€Å"New venture development†). The traditional marketing was mainly concerned with how to find, approach, and customer retention using the given lines of product. It is obvious that this traditional business development concept has limited scope as it covers only marketing views. Hence, the modern corporate entrepreneurship concept redefines the new business development in a broad manner. ... Recently, scholars have identified that new venture development process has a close relationship with technology and business networks. In other words, the major purpose of the business development process is to recognize opportunities in a fast changing technological world. Phases of new venture formation New venture formation or development includes a series of processes including idea generation and development, market research methodologies, financial forecasting and spread sheet formulation, and new venture funding. These processes/phases are briefly described below. 1. Idea generation and development As Mallett points out, idea generation is the most important phase of a new venture development process as this phase determines the direction of flow of the whole business performance (149). While forming a business idea, an entrepreneur must take different factors into account. He has to ensure that his business idea well suits with persisting market trends and possesses adequate financial sources to successfully launch the product into the market. It must be also emphasized that the business idea should be novel enough to survive the market competition. Idea generation is a very challenging task but putting it into practice can be much harder. Once an idea strikes a person (entrepreneur), he has to chart all the details of what he wants to achieve and how he is going to proceed with it. The entrepreneur must be very careful at this stage since spending too much time in the idea generation phase would stunt the entrepreneur’s creativity. The entrepreneur may seek assistance from managerial experts to make necessary

Social Deviance and Autism Essay Example | Topics and Well Written Essays - 1250 words

Social Deviance and Autism - Essay Example The society does not favor deviance as groups are more likely to work in a unified, product way if there is coherence and conformity in the acts and attitudes of the individual members; however, it is possible to observe positive effects of deviancy in certain cases especially for people who are unable to fit in the defined social structure. Social deviancy and crime are closely interrelated; criminals indulge in damaging activities which are a threat to the individual and societal rights and are prosecuted by the law according to preset regulations. These activities are often a more deliberate and extreme form of social deviance and are shunned by the society at large. But within different contexts a set of activities which are against a law may be accepted as commonplace such as speeding on the highway and similarly there are deviants who go against the norms of the majority but are not criminals. When distinguishing between ‘crime’ and ‘deviancy’, John Ha gan’s classifications provide a good reference point with the regards to individual acts. He gives the three dimensions on which deviancy can be measured, these include the perceived harmfulness of the activity to the society or any individual, the consensus of the society as to whether deviancy occurred and severity of action proposed against the perpetrators. Each of these dimensions can be ranged from high to low; an activity which ranks as high on all three will be immediately classified as ‘consensus crimes’ which provide immediate danger and are wildly against accepted social behavior. In the case given, the individual in question Mr. McCollum had a self confessed obsession with trains and places related to trains. Suffering from Asperger’s Syndrome, the man’s great interest in locomotives is not unusual for someone with the affliction. The problem arose when he tried to impersonate ticket wardens, steal a locomotive and indulge in other delin quent activities like joy riding and trespassing train control towers to satisfy his need to be ‘near trains or a train yard’. These activities got him arrested several times, yet he went against the terms of his parole in 2006 because of his obsession with trains. As far as social deviance goes, his behavior was potentially dangerous as it involved interfering with the mechanisms of sophisticated machinery which could endanger the people using or working with them. The consensus that his behavior is different from socially established rules is similarly high as safety protocols are given the highest importance in modern society and people breaking these regulations are looked upon very negatively. It is difficult to classify Mr McCollum’s actions as consensus crimes, however, because there is disparity in the opinion for the severity of his castigation- the reason being his suffering from Asperger’s syndrome. His advocates claim that even though Mr. McCol lum was aware that his actions were not acceptable at large he still felt a compulsion to perform them. This is true of people affected by Autism spectrum disorders which are one of the most common neurological disorders, and most common developmental disabilities in our society. Aspergers is classified as high functioning autism, marked by social inhibitions, a lack of relation to the social interactions which form the basis of the society and a compulsive behavior