Chapter 13 STRATEGIC ISSUES IN ENTREPRENEURIAL VENTURES AND SMALL BUSINESSES The Importance of Small-Business and Entrepreneurial Ventures A. Definition of Small-Business Firms and Entrepreneurial Ventures The most commonly accepted definition of a small business firm is one that employs fewer than 500 people and that generates sales of less than $20 million annually. According to the U.S. Small Business Administration‚ “A small business is one which is independently owned and operated‚
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I. CASE SYNOPSIS TNK–BP is a joint venture company between TNK (Tyyumen Oil Company) and BP (British Petroleoum) in Russia. British Petroleum‚ was the world’s third largest oil and gas supermajor who was founded as the Anglo Persia Oil Company. BP’s upstream business operated in various countries (USA‚ UK‚ Australia‚ Angola‚ Azerbaijan‚ Canada‚ Egypt‚ Russia‚ Trinidad‚ Tobago and Indonesia). BP’s production growth was constrained by its mature oil fields‚ so BP was aggressively looking for new
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Russia: An Identity Crisis Recent years have triggered a rush of attention in the fate of empires. That is to say the attention has been in an interest in their rise‚ decline‚ and fall. Much of the writing on this subject has been intended to serve as assurance‚ or interchangeably‚ warning to the current leading power‚ the United States. This is reasonable. Considerably less attention is paid to what happens subsequently. We overlook the study of what happens when the decline and fall of the empire
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The Rise of Communism in Russia "Unless we accept the claim that LeninÕs coup dÕtat gave birth to an entirely new state‚ and indeed to a new era in the history of mankind‚ we must recognize in todayÕs Soviet Union the old empire of the Russians -- the only empire that survived into the mid 1980’s" (Luttwak‚ 1). In their Communist Manifesto of 1848‚ Karl Marx and Friedrich Engels applied the term communism to a final stage of socialism in which all class differences would disappear
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mediation by the French presidency of the European Union‚ the parties reached a preliminary ceasefire agreement on 12 August‚ signed by Georgia on 15 August in Tbilisi and by Russia on 16 August in Moscow. Several weeks after signing the ceasefire agreement‚ Russia began pulling most of its troops out of uncontested Georgia. Russia established buffer zones around South Ossetia and created checkpoints in Georgia’s interior. These forces were eventually withdrawn from
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Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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Rural Khmer house Despite indoor and outdoor temperatures of 36°C and up to 80% relative humidity the old rural Khmer houses are very comfortable‚ both at ground level and on the upper floor. In spite of the absence of electric or mechanical air conditioning‚ a draught-free environment appears to be attained simply by means of natural ventilation. Typically‚ rural Khmer houses are rectangular two-storey buildings‚ varying in size from four by six metres to about six by ten metres. The basic
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Why were the Bolsheviks able to seize power in Russia in 1917? The Bolshevik’s were able to seize power in Russian in 1917 mainly due to the exceptional leadership of Lenin and the organisational skills of Trotsky‚ the Red Guard army that was formed on May 11th 1917 and then re-organised on the 4th of November and the problems that the Provisional government had. The Bolshevik revolution took place with an armed rebellion in Petrograd. The October revolution led by the Bolshevik party and Lenin
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Table of contents Page.NO 1.0 Introduction---------------------------------------------------3 2.0 Discussion----------------------------------------------------3 2.1 The common trait between Stelios Haji-Ioannou and Richard Branson 2.1.1 Propensity to take the risk---------------------4 2.1.2 Persistence---------------------------------------5 2.1.3 Leadership----------------------------------------6
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expanding our production to Honduras‚ where the cost for labor is considerably less than our current cost here in the United States and in doing so will offer us the opportunity to maximize profits and increase the company’s value. In undertaking such venture‚ our company will undertake the Foreign direct investment technique (FDI) in which our company will join one of Honduras’ major tile producers‚ Leiva’s Tiles Inc. and allow us to participate in the management and expertise of the country’s labor laws
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