0
Why are the lines between the categories of financial firms becoming more blurred than in the past?
Wiki User
∙ 13y ago
because banks, thrifts, pension companies, insurance companies, and security firms can now merge with one another and sell each other's products
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What best describes how federalism changed as a result of the economic crisis of the 1930s?
The lines between federal and state powers blurred as the federal government played a larger role in funding and directing state governments
What are the differences between informal group and informal organisation?
Difference between a group and an organization need to be sorted out first. An organization consists of two or more people expending systematic effort towards some common goals which produce goods or services. Whereas a group of people consists of two or more individuals coming together for pursuit of a common concern such as common interest or friendship. Informal organizations normally emerge within or against a formal organization and the members of the informal organization may be driven by a common goal that may compliment or work against the goals of the formal organization. An informal group is a group of people casually acquainted with each other for their own personal fulfillment because they have some common characteristics and concerns (interests/hobbies/friendship). The members of the 'grapevine' often found within a formal organization can also be called an informal group. Whilst it is easy to differentiate between a formal group and a formal organization, the differences between informal group and informal organization tend to be blurred.
Discretionary Income?
We all make a certain amount of money each month. And we all have monthly expenses. If you subtract your expenses from your income, you’re left with what economists call your discretionary income. That is the money that you have left over to spend how you choose. But once the rent is paid and the electric company has been notified that you’d like to keep the lights on this month, what do you do with that discretionary income? Many of us are lured into buying a bunch of stuff we don’t need by the wily advertising execs and marketing professionals who try to convince you that keeping up with the Joneses is your patriotic duty. I try to spend more of my discretionary income on novel experiences and learning new skills. I find these pursuits to be much more fulfilling than trying to keep some kinds of materialistic scorecard. But even that situation presents its own kind of blurred lines. An experience could include dining out, right. When I first became an adult I spent a lot of time and money going out to eat. I think my wife and I eat out more meals than we had at home. This wasn’t good for our wallets and it wasn’t good for our waistlines. That’s not the kind of experiential spending I’m talking about. If you eat out all the time, the experience becomes more commonplace and less novel. There’s nothing special about going out to the local diner for the sixth time that month. To really make a lasting impact consider paring back on the quantity of eating out experiences and try to increase the quality. Imagine if you’d cooked yourself dinner for five of those six meals, and then on the sixth went somewhere really special. You could get a high-quality gourmet meal and a dining experience that otherwise wouldn’t have happened. Or consider doing something healthier with your dollars. If you work a stressful job all week just to earn money, shouldn’t some of that money go towards helping to alleviate some of that stress? Consider treating yourself to a relaxing massage or doing something that you enjoy rather than buying some stuff to cram into a closet or fill your garage with.
What are the different misconceptions about entrepreneurship?
'Entrepreneurs are born and not made'Much of the early research in entrepreneurship has focused on trait theory and the personality of the individual (Chell, 1985). As a consequence, it is often assumed that individuals have certain inherent traits that predispose them to entrepreneurial activity. From this perspective, it is deemed possible to build a personality profile which identifies the entrepreneur. More recent research indicates that entrepreneurial skills, abilities, behaviours and perceptions are dynamic, and can change over time and through experience and learning (Cope, 2001). People may display some of the classic traits such as need for achievement, risk bearing, creativity but these are not necessarily stable or static characteristics. Entrepreneurship can also be viewed as a social construction (Chell and Pittaway, 1998; Pittaway, 2000) occurring within and shaped by particular social, historical and cultural contexts. In other words nobody really knows and there are many disagreements about it even in the academic research.'Entrepreneurship is synonymous with new venture creation'Entrepreneurship is often seen as a set of activities involved in organization creation (Gartner, 1985). From a more dynamic perspective, it is reasonable to argue that the study of entrepreneurship should encompass the entirety of the entrepreneurial experience, prior to, during and after start-up. By focusing on new venture creation alone, the rich and complex process of how entrepreneurs negotiate the management of a growing enterprise or venture is largely ignored (Cope, 2001). Forms of entrepreneurial activity have seen to occur in many contexts other than simply during venture creation and this is, therefore, just one perspective.'Entrepreneurship is all about making a fortune'Entrepreneurship is often associated with making money and creating a personal fortune. For some people, this may indeed be the case. However, even in a business context the underlying motivations for any individual may be extremely complex and can include the need to: achieve independence/autonomy; be challenged; create something new; exploit an opportunity; influence others; or simply to make a living. Money is often the mechanism through which individuals (and those around them) measure their success rather than an end in itself.'Entrepreneurship only takes place in a business context'Entrepreneurship is often associated with wealth creation in a business context. However, the same sets of behaviors and activities may be found in a number of other contexts - public sector, voluntary sector and other non-profit organizations. There is growing interest, both politically and academically, in the notion of 'social entrepreneurship' and 'social enterprise'. The triggers for such activity and behavior may be different (for example, the response to a perceived social need or gap in provision). It is not clear from the limited research to date whether there are significant contextual differences in terms of motivation, perceived rewards, use of networks, etc. What is clear is that the sectoral boundaries between 'public', 'private' and 'voluntary' may become blurred.'Entrepreneurship is all about the cult of the individual'Entrepreneurs are often portrayed as 'heroes' and entrepreneurial endeavor (particularly in Western societies) is associated with the expression of individualism. Even where an individual is perceived to be leading entrepreneurial activity, this is not achieved without the involvement of others - who often occupy crucial roles within the organization. Research in high growth firms in Silicon Valley, for example, indicates that a balanced team has an impact on long-term business growth and survival (Eisenhardt and Bird-Schoonhoven, 1990). In smaller firms the support network, the family and domestic partners are also viewed to have a significant impact on both the entrepreneur and the development of the small firm. Entrepreneurial activity, therefore, is not always driven by individuals.'SMEs are a homogenous group'Small businesses and owner-managers are often treated as a homogenous group, particularly for policy purposes. This is, however, a gross over-simplification. The SME sector is characterized by its diversity, e.g.:Size - a micro-business employing less than 10 employees has a quite different dynamic to small and medium-sized enterprises employing 25-50 employees.Industry sector - SMEs differ considerably between industry sectors depending upon their technology base and the dynamics of their market.Owner-managers - differ in terms of their underlying business motivations, aspirations, experience and business strategies.'All owner-managers want to grow their business'Western economies have institutionalized the concept of business growth, exemplified in the concept of GDP. The SME sector is often heralded as the engine of economic growth (OECD, 1998). As a consequence, much support for small businesses works on the assumption that all business owners wish to grow their business. Research evidence suggests that a desire for business growth amongst SMEs cannot be assumed (Gray, 1998). Some owner-managers operate a business as a means of sustaining a particular lifestyle, whilst others wish to keep the business at a size that remains under their personal control. Interestingly, some owner-managers actively pursue a strategy of business closure if they perceive this to be the best course of action. The number of owner-managers that pursue substantial growth is only in the region of 15% (Carter et al, 2001).'Entrepreneurs are risk-takers'It is a commonly held belief that entrepreneurs take risks. However, research illustrates the complexity surrounding the concept of risk. Some theorists argue that entrepreneurs are 'moderate' risk takers (Brockhaus, 1980; Gasse, 1982), whilst others suggest that entrepreneurs take 'calculated' risks (Timmons et al, 1985). There are significant difficulties associated with any attempt to measure an entrepreneur's risk-taking propensity, as the concept of risk is a subjective one. An observer may view the entrepreneur to be taking a risk whilst the entrepreneur might feel that he/she is actively trying to minimize the risk being taken (Chell et al, 1991).'Entrepreneurship cannot be taught'Entrepreneurship courses are now being offered in a large number of US universities. 'Two main types of course are evident: courses for entrepreneurship, and courses aboutentrepreneurship.' (Levie, 1999; p4). A common demarcation is that courses for entrepreneurship emphasize experiential learning and connection with entrepreneurs and entrepreneurial activity, whilst courses about entrepreneurship tend to be delivered in a more traditional manner - through lectures, textbooks and assessed through essay and exams. These two different pedagogical approaches need not be mutually exclusive. In teaching entrepreneurship, the subject can be approached from a functional, managerial perspective - studying the processes of start-up, sources of appropriate finance, forms of legal entity, the management of growth, exit strategies, etc. Another underlying purpose may be to sensitize individuals to the contexts in which entrepreneurial activity may occur - for example, within small businesses, large corporations (termed corporate entrepreneurship or intrapreneurship), the public sector and voluntary organizations. More broadly, there are interesting issues to be considered from social, historical, cultural and moral perspectives.
What was the economic reason for abolishing slavery?
One of the most important inventions in American history, was the cotton gin which made taking seeds out of cotton 50 times more effective than by hand. Thus, slaves were "needed" by the south to pick the cotton to fit the fast pace of the cotton gin. In fact, right before the cotton gin's invention, slavery was on the decline. Cotton in the south of the united states became a one crop economy, as 50% of all the exports of the United states, which was unheard of.
How are financial institutions changig?
Deregulation in financial industry has blurred the lines between these institutions and increased competition amongst them.
A negative effect of computer technology's role in creating images is that?
Quality sometimes loses out to quantity.
What are diferences between written and spoken English?
The lines are becoming more blurred in the modern world, but written English is more formal. For instance contractions like 'don't' are less often used in written text.
The line between one countrys issues and global issues?
has been blurred.
The line between one country's issues and global issues Ais very clear Bhas been blurred Cis not important Dhas been drawn?
has been blurred - apex.
Can high fevers cause blurred vision?
Because, the body is becoming dehydrated, using up it's fluids throughout the system, which need rapid replenishment, yes.
When was The Blurred Crusade created?
The Blurred Crusade was created in 301.
What is the ISBN of The Blurred Man?
The ISBN of The Blurred Man is 978-0744590661.
How many syllables does blurred have?
The word "blurred" has one syllable.
Why did the distinction between the KTSs and PBXs lessen?
The distinction between the KTSs and PBXs became more blurred as technology brought more intelligence to the KTS
Can you give an example of a sentence using the word blurred?
My vision becomes blurred.
When was The Blurred Man created?
The Blurred Man was created on 2003-01-06.
