INDIVIDUAL ASSIGNMENT 2 SS Essay Example | Topics and Well Written Essays - 2500 words

INDIVIDUAL ASSIGNMENT 2 SS - Essay Example The Bendigo bank in Tambellup and Cranbrook is one such kind of social enterprise, rising from humble beginnings to give the two communities their identity. The creation of the community bank is attributable to two individuals, Vicki Brown and Jan Pope, after facing several challenges; they rode on motivating points to spearhead the creation of this bank in their respective community. Overcoming the Feat: Challenges and Motivations they faced. They were motivated by the lack of proper banking services that catered for the needs of the rural community, while listening to a certain show; they reaffirmed Louise Petschler’s concern over poor banking in the country. According to the latter, banking services had deteriorated to the extent that they had failed to provide fair and affordable basic services, additionally, they were providing these at high costs and with poor customer services while closing community branches. CHALLENGES The initiative by Vicki and Jane is typically a c ommercial interest although with a social context, they face numerous legal, financial, management and development challenges that a typical commercial business faces. However, due to the unique communal premise that the business is built upon, they face a considerably different set of challenges than a typical business faces (Fayolle and Harry 8). The key challenges that Vicki Brown and Jan Pope faced were stakeholder participation, balancing of their key objectives, raising finance, and recruitment of professional staff and expert advice Stakeholder participation The key stakeholders in this initiative were the 700 and 1100 members of community for the two towns Tambellup and Cranbrook respectively. Furthermore, the Bendigo Bank was an important participant in the process, this because the community bank would be a franchise of their own establishment. The process of convincing people to contribute money to investing in an enterprise that was yet to be created proved to be a daunt ing task to the two and the steering committee that was in charge of the launch. They were apprehensive that the failure of the business would subject to guilt and a lot of burden. The rural community who were to be bank’s customers was concerned about the confidentiality of their financial information; this was expeditiously addressed by the concerned parties. Pessimism that the locals had over the future of the bank coupled with the show that ABC was running at that time concerning failures of local initiatives. Balancing Key Objectives Vicki and Jan had noted that the agricultural communities in their small towns were being inconvenienced as they were forced to travel long distance to undertake this important service. The lack of facilities in the area affected several businesses in the area and not merely these two major sectors of the area’s economy; an estimated $26,000 was being lost per week to other towns. Any community initiative must strive to balance two ke y objectives, achieve the social purpose for which it was initiated and operate as a sustainable commercial entity (Kickul and Sophie 219). The problem the two initiators faced were the way in which to balance these two objectives. On the other hand, they worried that if the bank performed the first function

Research on any CEO Paper Example | Topics and Well Written Essays - 1000 words

On any CEO - Research Paper Example He attended Cupertino Junior High School and  Homestead High School. At Homestead, he became friends with Bill Fernandez as they same same interests in electronics. Through Bill he came to know Steve Wozniak, with whom he would later co-found Apple. After his high school, Jobs opted to go for Reed College, a private liberal arts institution located in Oregon. The cost of the college was extremely expensive but his parents consented to send him. He had to struggle a lot at the college. He did not have enough money to buy himself a room in the dorm so he used to sleep on the floor in his friends’ room. It was also at Reeds that he was attracted towards the Eastern mysticism and other different philosophical beliefs. Unable to bear the expenses, he eventually decided to drop out. In his own words, "If I had never dropped in on that single course in college, the Mac would have never had multiple  typefaces  or proportionally spaced fonts." He got a Job in Atari in 1974 which relieved some of the financial burden on him. For Jobs, Atari Company was an inspiration as it was the first video game Jobs had become friendly with Wozniak despite a big age difference. Wozniak had an idea of building a personal computer because he was unable to afford an Altair 8800, a personal computer kit famous at that time. ... Meanwhile Wozniak worked on the better design and came up with Apple II. The Apple II was a computing device unlike the world had ever seen before. It had a color display and was compatible with a variety of different programs. Jobs knew that this product would be a revolution in the personal computers industry and he set out to find investors. A retired Intel executive, Mike Markkula decided to invest a huge amount of $250000 in their product and predicted that they would be a part of the Fortune 500 list within the next two years which did happen. Apple II was a huge hit and the company went public in December 1980, just four years after its creation. He was only 25 at that time but his total worth was more than $200 million. Apple’s existence however was soon threatened. IBM, a very renowned name in the industry was planning to venture in the personal computer market which could move Apple out of business if it did not come up with something new. Steve jobs started a projec t named Lisa, which was the name of the daughter of his former girlfriend; even though he refused to agree that he had fathered her. Steve Jobs however started to have conflict with the managers of the Company due to his volatile behavior and he was kicked out of the team that administered the Lisa project. As retaliation, he started to work on the development of Macintosh by hiring extremely bright and talented engineers in his development team. Although initially it was meant to jeopardize the Lisa project and the sales of Apple II, the Company soon started to depend on it after Lisa failed to make its mark in the market. Macintosh was a success for a little time but its demand continually declined. The Company was in a state of chaos because