Entrepreneurship and Innovation Subject
Q1) Do you think kickstarter is a viable alternative to raising equity funding or debt financing? If so under what circumstances?
The growing popularity of the Internet has spawned crowdsourcing as new model of fund raising, pioneering by www.kickstarter.com. This innovative model is a distributed problem-solving and production model helping entrepreneurs and investors to launch a new product to the market place. From the novelty point-of-view, it is fast becoming a viable alternative to traditional funding models like equity or the debt route. Typically, crowdsourcing for financing is familiar as crowdfunding. Under this model, an innovator makes publicity of his funding requirements through the Internet to individual investors. The individual investors offer financial contribution which are thereafter consolidated by the platform and handed over to the project owner. (Jennifer, 2012)
By far, it has become a viable alternative due to the following circumstances (i) Kickstarter provide a standardised format for entrepreneurs to publicise their project in a wide-ranging manner over the internet. (ii) They permit for small financial transactions to allow broad participation with restricted downside risk. Since Kickstarter permits innovators to source finance from a vast majority of the population, each individual investor is able to contribute according to their wish. (iii) They deliver information regarding...
K-12 Curriculum and Instruction: Changing Paradigms in the 21st Century This is not your grandfathers' economy or his educational paradigm however; today's curriculum still appears as such and therein lays a very significant and challenging problem that presents to today's educators and leaders. According to Sir Ken Robinson, "We have a system of education that is modeled on the interest of industrialism and in the image of it. Schools are still
The last century has seen an increase in the level of international purchases which has been supported by the developments in transportation and technology. Goods can move faster than before with developments in logistics. The negotiation and forming contracts for purchase with companies and communicate with potential suppliers in distant countries is also easier than in the past with the internet and tools such as video conferencing and emails.
Leading The leadership style at McDonald's relies on the three legs of the stool. For the most part, the innovation and vision part of the leadership process is with McDonald's head office, while the more autocratic style comes through the suppliers and the owner/operators, whose job it is to undertake the actions that will allow the company to implement strategy. The company has its own leadership school that helps to ensure
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