Ahead of seeking for money to finance a small business, it is necessary to know what a small business is all about. The meaning of this will depend on the location or sphere of operation of the small business. In most cases, the number of personnel that the business has is what will be used to draw a line between a small business and a big one. For example, a small business will employ not more than a hundred personal in the United States and not...more
One of the greatest tools needed to overcome hurdles in business is to seek for the solutions to surmount these hurdles. Almost every type of business is faced with difficulties. Some seek for solutions and some find it not easy to arrive at the appropriate solutions. Whatever the case, the only solution to surmount any hurdles found within your business environment is to first and foremost look for the root of the problem and then look for the...more
A lot of theories have been propounded and even studies have been advanced on the subject of business expansion. But one that is worth taking note of is the study of Dr Ichak Adizes. In most of his research, he brings out the fact that every association has its evolution and it builds up starting from a normal formation stage and progresses into a mature stage. At every phase of its existence, the association will have to experience upheavals. In most cases, success in business will only have to be experienced by those business owners who have all the resources, the expertise as well as the experienced required in sailing through financial difficulties. The following lines will identify the various ways through which a business can be financed as soon as it is set up and even right up to when it is fully established in the market:The Formative Phase of the BusinessThis is one of those very delicate stages in which every entrepreneur will want to take all measures not only in making sure that the business takes off smoothly, but to ensure that the business has come to stay for good. What every type of business will need at this phase as identified by Adizes is a running capital and...more
4.3 What's the relationship between Strategy and Organizational Learning?Or, as Mintzberg (1987) says: the key is not getting the right strategy but fostering strategic thinking. Or as Shell has leveraged the concept of Learning Organization in its credo "planning as learning" (de Geus 1988). Faced with dramatic changes and unpredictability in the...more
3. Politics and visionHere we need to note two key problem areas. First, there is a question of how Peter Senge applies systems theory. While he introduces all sorts of broader appreciations and attends to values - his theory is not fully set in a political or moral framework. There is not a consideration of questions of social justice, democracy...more
2.1 Does IT Impose Any Constraints on Organizational Learning?Huber (1991) notes that "it might be reasonable to conclude that more learning has occurred when more and more varied interpretations have been developed, because such development changes the range of the organization's potential behaviors..." (p.102). However, most extant information systems focus on the convergence of interpretation and are not geared for multiple interpretations Argyris (1977). Mason & Mitroff (1973), in their seminal article, had noted that the Lockean and Leibnitzian characteristic of the dominant MIS model as its limiting characteristics. These designs are based on the convergence of interpretations. In contrast, Kantian and Hegelian inquiry systems Churchman (1971) are needed for facilitating multiple interpretations. These systems also underlie the notion of "unlearning" Hedberg (1981) which implies discarding of "obsolete and misleading knowledge." While Kantian inquirer offers complementary interpretations, the Hegelian inquirer offers a "deadly enemy" contradictory interpretation. The dialectic of convergent and divergent inquiry facilitates the surfacing of hidden assumptions.Argyris (1977)...more
Abstract:In this paper, we introduced the origin of learning organizations. Then, we discussed what a recognized "learning organization" is and analyzed the advantages and weaknesses of a learning organization from our own experience. We also...more
Mortgage Defaults Continue to Grow at Record RatesThe initial wave of toxic Subprime Mortgages that caused so many foreclosures and put so many REO (Real Estate Owned) properties on the market may have subsided - but the bursting of the housing...more
Too Many ErrorsCredit repair serves a real purpose. Credit reporting errors are much more prevalent and costly than most people realize. Over half of all credit reports have errors on them that are serious enough to cause the victim to pay higher...more
If you have debt problems, you know that they can be something that takes your life and turns it into something that you might not even be able to recognize. Having debt problems is something that can take a regular life and make it a complete mess,...more
Have you heard of debt management plans? If so, you may know that they can help people get control of their debt and reduce their monthly payments on credit cards and loans. If you are one of those people who are not really comfortable about making...more
To the debt ridden consumer, a debt management plan may seem like Manna from heaven. After all, subsequent to contending with the seemingly unceasing calls from credit card companies, debt collectors, and the daily mail barrage of dunning letters,...more