equality. In United Nations development program has developed two methods in order to measure both women’s development as well as women’s empowerment. The two conceptual indexes that measure women’s development and their empowerment are the GDI and the GEM indexes. I do not believe that these indexes are accurate because they operate under a system of classification developed by the UNDP of levels subjective to only high‚ medium and low human development; unfairly this resulted in extremely low measures
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industry growth and industry size are variables which are positively related to start-ups according to the Swedish Entrepreneurship Forum (2010). Entry and exit of firms can be an important indicator of innovative activity at industry level but for Baumol et al (1982) these processes can be associated with internal factors (organizational and management) or external factors (as threat to entry). For this reason net entry can be used as a better proxy for expansion of innovative industries. In technologically
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Unit 3 Nokia Case Study Analysis Kaplan University MT460 Management Policy and Strategy Date: August 18‚ 2010 Vertu: Nokia Luxury Mobile Phone for the Urban Rich Introduction In this case study of Nokia Vertu‚ a luxury phone‚ I will review the strengths‚ weaknesses‚ opportunities and threats of the company. The struggles the luxury phone brand has gone through with the continually changing technology and the success they have seen. The vision statement of the company
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ISSN: 2347-3215 Volume 1 Number 3 (2013) pp. 71-78 www.ijcrar.com Challenges faced by new entrepreneurs R.S.Kanchana*‚ J.V.Divya and A.Ansalna Beegom Kanchana.R.S‚ Kanchana Bhavan‚ Mithirmala.P.O‚ (695610) Mithirmala‚ Trivandrum Kerala‚ India *Corresponding author KEYWORDS Entrepreneur; Challenges; motivation; skill; adventurism. A B S T R A C T An entrepreneur is one who plays significant role in the economic development of a country. Basically an entrepreneur can be regarded as a person who
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Applications ‚Cengage Learning India‚ New | | | | |Delhi.2011(P. 3-15). | | | | |Baumol‚ William J and Alan S Blinder‚ Economics: Principles and Policies‚ Cengage | | | | |Learning India Pvt Ltd‚ 2009(P.39-52). | |
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according to Baumol‚ every business firm aims at maximization it sales revenue (price x quantity0 rather than its profit. Hence his hypothesis has come to be known as sales maximization theory & revenue maximization theory. According to baumol‚ sales have become an end by themselves and accordingly sales maximization has become the ultimate objective of the firm. Hence‚ the management of a firm directs its energies in promoting and maximizing its sales revenue instead of profit. The goal of
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‘Discuss the relationship between entrepreneurship‚ innovation and economic development. What role do creativity and problem solving play in this relationship? Refer to both theory and examples from the business world to support your discussion.’ In today’s fast-paced competitive environment‚ one of the most impressing concerns is the condition of economy. Since economies have closely associated with human beings’ living condition‚ salary‚ welfares and the trust of government. Especially‚ recent
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Model‚ the Williamson Model and the Baumol Model. This write-up will focus on understanding management preferences in terms of price‚ revenue and profit maximization‚ critically evaluate the management model of Baumol and review the extent to which the Baumol model provides a more useful insight into pricing and output decisions of modern management. In conclusion‚ how low cost airlines apply the Baumol model in terms of pricing will
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Chapter 22 The Demand for Money T 1) Multiple Choice The quantity theory of money is a theory of (a) how the money supply is determined. (b) how interest rates are determined. (c) how the nominal value of aggregate income is determined. (d) all of the above. Answer: C Question Status: Previous Edition 2) Because the quantity theory of money tells us how much money is held for a given amount of aggregate income‚ it is also a theory of (a) interest-rate determination. (b) the demand for
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and lead other economists to try and justify Keynes’ findings‚ particularly in respect to the inverse relationship between the interest rate and the demand for money. Of these‚ the most widely quoted model is the Baumol/Tobin inventory-theoretic-model developed separately by William Baumol (1952) and James Tobin (1956) resulting in similar conclusions. They are often referred to as Neo-Keynesian models as they agree with a central argument in Keynes’ general theory that the monetary and real sectors
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