Small Family Owned Business Free Essays

My assignment for the presentation on (small) family owned businesses was to research and share an organized piece on the international studies of the subject. After several days of searching the internet for appropriate studies, I had gathered enough data to put together a three part report. The three parts consisted first off of an intro, which I believed was enough to be considered its own part, just because of the extremely interesting point that family owned businesses are such a widespread commonality. We will write a custom essay sample on Small Family Owned Business or any similar topic only for you Order Now Second came the bulk of my research, the description of small family owned businesses under the laws of different countries, specifically those belonging to countries in Europe. Last but not least, I followed up with the importance of small family owned businesses’ impact on the overall economy of Europe, and how they applied. When you think of a small family owned business, you usually think of at least one local business you have known and have used your whole life whether a gas station, kebab imbiss, cafe, restaurant, or car dealership, etc. However, think about if everyone in the world named at least one such business. Many people would name the some of the same enterprises, but now you can imagine just how many small family owned businesses there are across the world. Because there are so many, not many reports exist that can contain the entire scope of every kind in every country, therefore, my report covers information regarding largely to european studies. Across Europe and in the United States, there is no widely accepted definition or legal description of a â€Å"family business†, however there are many criteria that if met by a small business, can be used to classify a business as such. Although each country has its own list of indicators, some countries use â€Å"common knowledge† to decide what constitutes a family business. This means that most countries simply use perception to differentiate a family business from a non-family business based on the interrelationship between family and enterprise that can obviously be observed like the active involvement of family members in the enterprise’s everyday activities. Few countries legal codes actually mention regulations in which small businesses are referred and partially defined, but can vary easily from each other such as the Austrian regional agricultural legislation stating â€Å"a family business defined as any autonomous economic entity regularly and sustainably providing for the farming family’s income† to the Italian Civil Code which describes family businesses as â€Å"enterprises in which members of the family unit work and have ownership. For most cases, instead looking for derelict, briefly mentioned bits of code referring to family business, a group of common â€Å"soft† and â€Å"hard† criteria has been identified(#3). Soft criteria includes: o family relations affect the assignment of the management o family indirectly runs the company o â€Å"major family influence/dominance† of the management (in terms of strategic decisions) o â€Å"significant proportion† of the enterprises’ senior management o â€Å"most important decision† made by the family o â€Å"family control† of the management of the enterprise at least 2 generations having had control over the enterprise Hard criteria includes more legitimate and quantifiable proof such as: o CEO has to be a family member o 1 family member is actively involved in the operative management of the company o More than 1 family member in the management o CEO and at least 1 management team member stems from the family o At le ast 2 directors/board members stem from the family o At least 3 board or staff members stem from the family o Majority of the management team stem from the family Or, in the case of Denmark, a family has control over the company: †¢ if it has 50 % of the shares, or †¢ if it has 50 % of the shares and a member of the family is the CEO In regards to impact on economy, although small family owned businesses seem like only a small part of the world economy, they actually make up quite a large percent of all enterprises. It is estimated that about 70-80% of businesses across Europe are family businesses, and of those, about 50% are small family owned businesses. Over all, small family owned businesses also contribute to about 40-50% of employment in Europe(#3). The following table(#3) shows elements of the definition of family business by country, gathered by several international studies on family business. What the previous table shows, is cross-national (European) minimum criteria for the ownership, control, or management of a company by a family according to FBN International 2007, Les Henokiens, European Group of Owner managed and Family Enterprises (GEEF), and PriceWaterhouseCoopers LLP. 2007. Under FBN International 2007, and also according to the European Group of Owner managed and Family Enterprises, ownership is described as the direct or indirect majority of votes held by the founders, spouses, parents, children, heir, or persons having acquired the shares; control/management is described as at least one representative of family or kin present in the management. In contrast to those studies, Les Henokiens suggests that in order to hold ownership, a company must own the majority of shares for more than two hundred years; in regards to control/management the enterprise must be managed by a direct descendant of the founder. Another contrasting opinion to FBN International 2007 and the European Group of Owner managed and Family Enterprises, but perhaps not as extreme as Les Henokiens, is the study performed by PriceWaterhouseCoopers LLP. 2007 which defines ownership as simply at least fifty-one percent of shares held by a family or related families, and control/management as a majority of the senior management team and the owners having a day to day responsibility for the management of the business. In conclusion, we can see that (small) family owned businesses are a huge contributing factor to the economy worldwide, but still remain a mostly ignored topic by most countries and their legal systems, which is interesting because one would think something so important would be more tightly regulated. I would like to thank my hard working group, and Ms. Fink for the opportunity to present this topic. Works Cited (I have numbered my sources to make identification easier within the report) 1. D, Jamie. â€Å"Running a Family Business Within the Law | SBA. ov. † Running a Family Business Within the Law | SBA. gov. U. S. Small Business Administration, 4 May 2010. Web. 5 May 2012. . 2. Elliott, Larry, and Julia Kollewe. â€Å"Germany’s Smaller Firms Emerge Intact from the Recession. † The Guardian. Guardian News and Media, 15 Mar. 2011. Web. 5 May 2012. . 3. Mandl, Irene. â€Å"Overview of Family Business Relevant Issues. † Ec. europa. eu. European Commission, Enterprise and Industry Directorate-General, 2008. Web. 5 May 2012. . 4. Winslow, CJ. â€Å"Welcome to FoodTronix. † Welcome to FoodTronix. Web. 5 May 2012. . How to cite Small Family Owned Business, Essay examples

Small Family Owned Business Free Essays

My assignment for the presentation on (small) family owned businesses was to research and share an organized piece on the international studies of the subject. After several days of searching the internet for appropriate studies, I had gathered enough data to put together a three part report. The three parts consisted first off of an intro, which I believed was enough to be considered its own part, just because of the extremely interesting point that family owned businesses are such a widespread commonality. We will write a custom essay sample on Small Family Owned Business or any similar topic only for you Order Now Second came the bulk of my research, the description of small family owned businesses under the laws of different countries, specifically those belonging to countries in Europe. Last but not least, I followed up with the importance of small family owned businesses’ impact on the overall economy of Europe, and how they applied. When you think of a small family owned business, you usually think of at least one local business you have known and have used your whole life whether a gas station, kebab imbiss, cafe, restaurant, or car dealership, etc. However, think about if everyone in the world named at least one such business. Many people would name the some of the same enterprises, but now you can imagine just how many small family owned businesses there are across the world. Because there are so many, not many reports exist that can contain the entire scope of every kind in every country, therefore, my report covers information regarding largely to european studies. Across Europe and in the United States, there is no widely accepted definition or legal description of a â€Å"family business†, however there are many criteria that if met by a small business, can be used to classify a business as such. Although each country has its own list of indicators, some countries use â€Å"common knowledge† to decide what constitutes a family business. This means that most countries simply use perception to differentiate a family business from a non-family business based on the interrelationship between family and enterprise that can obviously be observed like the active involvement of family members in the enterprise’s everyday activities. Few countries legal codes actually mention regulations in which small businesses are referred and partially defined, but can vary easily from each other such as the Austrian regional agricultural legislation stating â€Å"a family business defined as any autonomous economic entity regularly and sustainably providing for the farming family’s income† to the Italian Civil Code which describes family businesses as â€Å"enterprises in which members of the family unit work and have ownership. For most cases, instead looking for derelict, briefly mentioned bits of code referring to family business, a group of common â€Å"soft† and â€Å"hard† criteria has been identified(#3). Soft criteria includes: o family relations affect the assignment of the management o family indirectly runs the company o â€Å"major family influence/dominance† of the management (in terms of strategic decisions) o â€Å"significant proportion† of the enterprises’ senior management o â€Å"most important decision† made by the family o â€Å"family control† of the management of the enterprise at least 2 generations having had control over the enterprise Hard criteria includes more legitimate and quantifiable proof such as: o CEO has to be a family member o 1 family member is actively involved in the operative management of the company o More than 1 family member in the management o CEO and at least 1 management team member stems from the family o At le ast 2 directors/board members stem from the family o At least 3 board or staff members stem from the family o Majority of the management team stem from the family Or, in the case of Denmark, a family has control over the company: †¢ if it has 50 % of the shares, or †¢ if it has 50 % of the shares and a member of the family is the CEO In regards to impact on economy, although small family owned businesses seem like only a small part of the world economy, they actually make up quite a large percent of all enterprises. It is estimated that about 70-80% of businesses across Europe are family businesses, and of those, about 50% are small family owned businesses. Over all, small family owned businesses also contribute to about 40-50% of employment in Europe(#3). The following table(#3) shows elements of the definition of family business by country, gathered by several international studies on family business. What the previous table shows, is cross-national (European) minimum criteria for the ownership, control, or management of a company by a family according to FBN International 2007, Les Henokiens, European Group of Owner managed and Family Enterprises (GEEF), and PriceWaterhouseCoopers LLP. 2007. Under FBN International 2007, and also according to the European Group of Owner managed and Family Enterprises, ownership is described as the direct or indirect majority of votes held by the founders, spouses, parents, children, heir, or persons having acquired the shares; control/management is described as at least one representative of family or kin present in the management. In contrast to those studies, Les Henokiens suggests that in order to hold ownership, a company must own the majority of shares for more than two hundred years; in regards to control/management the enterprise must be managed by a direct descendant of the founder. Another contrasting opinion to FBN International 2007 and the European Group of Owner managed and Family Enterprises, but perhaps not as extreme as Les Henokiens, is the study performed by PriceWaterhouseCoopers LLP. 2007 which defines ownership as simply at least fifty-one percent of shares held by a family or related families, and control/management as a majority of the senior management team and the owners having a day to day responsibility for the management of the business. In conclusion, we can see that (small) family owned businesses are a huge contributing factor to the economy worldwide, but still remain a mostly ignored topic by most countries and their legal systems, which is interesting because one would think something so important would be more tightly regulated. I would like to thank my hard working group, and Ms. Fink for the opportunity to present this topic. Works Cited (I have numbered my sources to make identification easier within the report) 1. D, Jamie. â€Å"Running a Family Business Within the Law | SBA. ov. † Running a Family Business Within the Law | SBA. gov. U. S. Small Business Administration, 4 May 2010. Web. 5 May 2012. . 2. Elliott, Larry, and Julia Kollewe. â€Å"Germany’s Smaller Firms Emerge Intact from the Recession. † The Guardian. Guardian News and Media, 15 Mar. 2011. Web. 5 May 2012. . 3. Mandl, Irene. â€Å"Overview of Family Business Relevant Issues. † Ec. europa. eu. European Commission, Enterprise and Industry Directorate-General, 2008. Web. 5 May 2012. . 4. Winslow, CJ. â€Å"Welcome to FoodTronix. † Welcome to FoodTronix. Web. 5 May 2012. . How to cite Small Family Owned Business, Essay examples

Senior Citizens Essays - Avant Browser, Portable Software, Website

Senior Citizens Note: Professor, please notify me to confirm your receipt of my final paper. Thank You. Sof?a Fern?ndez December 20, 2000 Professor Jim Coyle Internet Marketing 4555 Part 1A- Target Market Analysis Over the past few years, with the help of modern technology, people have obtained access to virtually anything they desire at the simple click of a mouse button. Now, information can be accessed through various websites without having to visit a library, go to a store, a friends or relatives home, or even travel agencies. The Internet is for all people- regardless of age, race, ethnic background, class, or religion. When it comes to marketers and which strategies will be most effective and efficient to become a successful website, every product in the market is geared towards a specific target group, regularly based on demographics. Whether it is where a person lives, their marital status, age, or occupation, marketers try to target one particular area where they feel that their product will be benefited the most and where profits will be most generated for the business. One particular area that has been expanding not only in website visitations but also in new website formations is the senior citizen age group. Now, seniors are the fastest growing audience on the Internet. What is more interesting is the fact that they put their money where their mouse is. This age groups frequent use of the Internet is absolutely amazing and unbelievable. There are hundreds and hundreds of websites designed to be most suitable or more geared for this target group. The websites are specifically designed to meet the needs of older adults about the ages of 60 and above, and grandparents. It does not steer towards a certain economic or religious class. The majority of these websites provide much information on healthcare, health issues that affect them, relationships, money, news, entertainment, and childcare. Part1B- Competitive Analysis Under the top 10 most popular sites for www.seniorcitizens.com, I chose the top four websites to analyze the areas in order to compare and contrast where www.seniorgold.com is strong and where it needs some work. The first site is called www.senior.com. Like any website, it will have many strengths and weaknesses. Allow me to discuss this websites strengths first. The page was downloaded quite easily, with no error messages to refresh the page. Overall, the designs of the pages are colorful and have very clear graphics. The text is very clear without being too wordy and misleading. The home page also has a search engine that allows the user to quickly find what he/she is looking for. In addition, it has a large variety of topics to choose from with easily accessible features. This website does contain a vertical and horizontal scroll bar on its homepage which makes the first impression for users a tedious one. It becomes very frustrating when someone has to keep scrolling up and down to search any information. The contents on the homepage of a website should be clear, brief, and concise allowing you to link to it if more information is what is desired of the user. Another weakness would include the arrangement of topics on the homepage. They begin with serious news that then descends down to tacky, irrelevant links. Although the content of the text itself is clear, it looks all jumbled up, busy, and confusing. In order to be simple, and to the point, the topics should become more condensed, including the amount of links it has. Compared to www.seniorgold.com, this website is more visually appealing to the eye. It appears to be more youthful through the use of cartoon characters and bold color schemes. The second website, www.elderweb.com, has tab links at the top of the homepage which allows the user to click on the tab which is relevant without having to search endless rows of subcategories to see which one applies to their information search. There are no distracting side links that allows the user to choose to read the information or simply click on where they wish to go on the site. Unlike www.senior.com, the page is very consecutive with the stories and features. The current headlines are brief and to the point. And, each headline gives the user

The East Vs The West Racism essays

The East Vs The West Racism essays The East Vs. The West: Racism The Asia/Pacific War proved to be a war that went far beyond that of defending the ideals of humanity or even trying to suppress or augment ones power by means of territory. This definitive outbreak and ongoing military rampage dove to the most critical and hateful ideals of our time: racism. Beliefs discerning the fundamental differences between the East vs. the West fueled a time and place of misconceptions, blind followings and mass race hatred. The stereotypes developed from the study of the respective histories of the other were only augmented by the immense propaganda war that was waged. This mass serge of propaganda resulted in raising racial hatred among not only those fighting the war, but the civilian population as well. The eruption that would ensue, as well as the subsequent inflation of racial hate, produced one of the most brutal wars in history that would result in a political conclusion, but neglect the racial tones are still prevalent today. Ever since the early years of Japanese history, the Japanese always felt it necessary to distinguish themselves from other states in Asia- especially with China. Although Japan constantly borrowed many aspects of their culture and ideals from China, time and again the leaders would defend the belief that Japan was both independent and able, as well as ready for the subsequent responsibilities of holding that stance of individuality. During the years following the conquering of both China and Russia, Japans racial superiority over the other Asians became a fundamental base for the upcoming practices during the Asia/Pacific war. In the book entitled War Without Mercy, the Japanese invaded colonial outposts [whom] the Westerners had dominated for generations, taking absolutely for granted their racial and cultural superiority over their Asian subjects....

List of Elements Belonging to the Actinide Group

List of Elements Belonging to the Actinide Group The actinide or actinoid elements are a series of elements including atomic number 89 (actinium) through 103 (lawrencium). Here is a list of elements that are actinides, a subset of the rare earth elements group. Discussions of actinide elements may refer to any member of the group by the symbol An. All of the elements are f-block elements, except sometimes actinium and lawrencium. As such, the actinides are a subset of the transition metals group. Here is a list of all of the elements in the actinide series: Actinium (sometimes considered a transition metal  yet not an actinide)ThoriumProtactiniumUraniumNeptuniumPlutoniumAmericiumCuriumBerkeliumCaliforniumEinsteiniumFermiumMendeleviumNobeliumLawrencium  (sometimes considered a transition metal yet not an actinide) For more information about the actinide element group: Actinides Element Group

Jet Blue Essay Example | Topics and Well Written Essays - 500 words

Jet Blue - Essay Example Entertainment options were introduced and more travel destinations were opened to add convenience to travelers. It operates 75 flights to 7 cities in 22 states in U.S, and Puerto Rico, Mexico, Caribbean and Latin America. Their fleets consist of 127 units of Airbus and 190 units of 53 Embraer Aircrafts and the number of aircrafts is ever increasing. At present, JetBlue Airways employs 12,080 employees and is able to achieve sales growth of USD $4.1b in 2011 to USD$4.6B in 2012(Bloomberg Businessweek. 2013). It has displayed operational efficiency as it was also able to drive down administrative expenses and cost of sales from 4.88% to 4.48% that attributed for its bottom-line growth, report stated. Market data showed USD $5.98 per share whereas competitors are priced higher, for example, $49.52 for Alaska Air, its closest rival. Inasmuch as the company hires a big number of multi-levels of employees which are expected to come from different races and ideologies, cultural differences always subsist. Due to this, problems exist when cultural views are not understood. It is assumed that due to the technicality of airlines operation, there is a high context culture. This means the communicators assume a great commonality of knowledge and views so that less is spelled out explicitly and much more is communicated in indirect ways.† (â€Å"Cultural differences† n.d.) For instance, management maintains a â€Å"cohesive culture and visible leadership†. At JetBlue corporate responsibility are more than just donations to charitable institutions, but by creating programs to develop the environment, the youth, and the community (JetBlue Corporate Responsibility .2013). The expertise of JetBlue’s manager contributed largely to the success of the airline company. Being a second mover, the strategy of low cost airline has been a tried and tested formula for

ART METAL SCULPTURE Essay Example | Topics and Well Written Essays - 750 words

ART METAL SCULPTURE - Essay Example The location of this sculpture is outside East Entrance Parking Lot N, a campus setting. Harold’s metal sculpture resembles two joined elliptical forms whose common joint acts as resting base in an ample clearance or setting. On its two sides, these elliptical forms bear a common inclination angle such that from a distance when viewing from its wide side resembles an eagle flying with its outstretched wings but swung in certain equal inclinations at both sides. Joinery of this work encompassed welded steel and Corten before flattened in such a way at the middle. The entire artwork its sculptor has painted it dark brown color, which makes it come out clearly from its settings bearing natural vegetative colors. Specifically, these are green, bright, and blue sky from the background. Hence, inducing a calmness, refreshing and relaxing moods evident in the way these colors as well as settings of the entire sculpture compliment each other. The location of this work is outside East Entrance Parking Lot N, which is a campus setting. Its entire structure rests on a flattened joinery where the two elliptical forms give an impression of meet at the central point; hence, the sculptor here utilizes the aspect of balance to ensure it is upright. Viewing from its four sides, the viewer only manages to see two identical sides. These include the two sides, front side and the rear one. Sculptor in making his work utilized welded and Corten steels with the intention of bringing out machinery effect. This is because many elliptical objects or forms are quite evident in engineering field whereby smooth and well-curved surfaces gives an implication of keenness by the artists and those represented by the object. Its smoothness and side view elevation gives an implication of heightened skill in making fabricated materials. Consequently, this symbolizes a resourceful center characterized with impeccable ways of attaining their