(a) Identify THREE (3) primary reasons for entrepreneurs starting their own business. Explain each of them. (6 marks) The three primary reasons for entrepreneurs starting their own business are they desire to be their own boss. Besides, they also desire to pursue their own ideas, and realize financial rewards. The first of these reasons is entrepreneurs desire to be one’s own boss. This is given most commonly. This doesn’t mean, however
Alibaba Group is a company found in China, and as mentioned above China is one of the countries, which has highest power distance. However, Jack Ma, the founder and the CEO of the company, aims to create a low power distance-working environment and tend to adopt a decentralization strategy (Wolf, 2010). The company’s subsidiaries have developed independent technology teams, that is having no Chief Technology Officer to guide or to handle the operations while other following the decision of the (CTO)
BACKGROUND OF THE STUDY In the 21st century, people are unprecedentedly changing their ways of living influenced by technological and informational developments. Technology is assisting all sectors of various industries to be in operation regularly and efficiently. Online shopping, as the product of technology, are changing consumers' shopping habits varying from traditional shopping to online shopping. According to Internet World State (2016), as of December 31, 2015, there were 3.366 billion Internet
tourism technology and tested MVP use cases for virtual travel. For instance, Facebook uses 360 Videos that allows the users interact with videos via smartphone or PC . Marriott hotels uses virtual reality tourism with the goal of renovating the brand: A 4D “sensory experience” for the costumers which is a box that user can explore the virtual world in it . But is 3D Virtual Travel new technology in the 2d platforms acceptable by the users of the websites? Studies indicate that 3D virtual travel destination
INTERNATIONAL BUSINESS International business is largely defined as business carried out across the globe which involves commercial transactions between two countries or regions. These commercial transactions are undertaken by private companies and governments alike to earn profits. Cross border transactions undertaken by International business have following in common characteristics: • Product presence in different markets globally • Production bases across different countries • Diverse human resource