Until now, corporate social responsibility (CSR) has come to be one of the accepted business norms of our time. It’s regarded as business practices involving initiatives that benefit society.
(more…)Tag: Entrepreneurship
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Which Is Best For You? Desktop Vs Laptop
Due to our technological advancement in today’s era, people are faced with an endless list of possible options when it comes to purchasing a personal computer. If you’re choosing between a laptop and a desktop, you could definitely use this article.
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The Difference Between Entrepreneur and Executive
There is an unwritten rule in business that once a company goes public, the original founders must be ousted. The myth: entrepreneurs are great for getting a company started, but not so great when Wall Street is looking over their shoulder. Part of this thinking is that founders of companies are mavericks, passionate doers with a vision, nontraditional in their approach to management and outspoken – the kind of rabble rousing that makes investors uneasy. (What is rabble rousing anyway?) (more…)
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Your Business Plan Will Create the Foundation of Your Success
This should not be a question that you would need to ask. That’s like asking “do I need a steering wheel with this car?” or “Will I ever need a charger for this cell phone?” Even though everyone may not agree that a business plan is necessary to start a business however it’s highly recommended.
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The Difference Between Digital Products and Digital Service
I get this question all the time: “Eric, I wanted to start an online business. However I don’t know where to start from. Should I start from digital products, or should I start from digital services?” And my answer for all these while has been this: “always go for digital products.”
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5 Common Laptop Problems and Their Solutions
In today’s fast paced world, laptops have made our lives easier. We can carry them from one place to another with ease. But there is no denying the fact that they are also susceptible to damage.
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Why Is There A Burning Smell From My Laptop Charger?
A burning smell from the adapter is a warning sign. It indicates that it either needs to be replaced or monitored from a closer angle. The smell of burning plastic from laptop chargers can be very dangerous and must be looked into immediately.
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Why Business Plans Don’t Get Funded
Failure is guaranteed if a man does not understand the formula for success and apply them correctly. I say this without any hesitation and I speak from experience in this area. You can be assured that there is a formula for success in all endeavours of life and ignorance of the law is no excuse. The fact that some of us are wise in areas of our success and foolish in other areas where we experience failure goes to show that we all have something to offer each other. (more…)
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The Differences Between A Digital Camera And A Traditional Camera
Digital Cameras use lenses and a shutter to capture light inside the body of the camera just like traditional film cameras, but that is where the similarity ends. (more…)
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Corruption As a Virus to Economic Growth
The term above is as pandemic as it is endemic to the national economy. Why? This is owing to the fact that virus as an organism behaves like a timing bomb and reproduces every millisecond of its young. Corruption has been described as a virus because it reproduces as it permits the fabric of society. The words of wisdom say that “charity begins at home” and here and now Nigeria will be the focal point of my discourse.
The national reserves have seriously depleted, a lot of businessmen are moving their business to Ghana while internal borrowing is on the increase. All these are a pointer that the nation is infected with a virus diagnosed as corruption. More over, this has continued despite the instituted and the assumed anti-corruption crusade programme. The list of organizations fighting corruption includes Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices Commission (ICPC), National Drug Law Enforcement Agency (NDLEA) etc. Let me remind you that corruption is a virus which myriads of all these organizations cannot cure or eliminate.
I think and suggest once more that before our nation can tackle the venom; we need to cure People’s Democratic Party (PDP) in Nigeria. This stems from the fact that the masses have learned and seriously visualized the modus operandi of the party mentioned. I can state categorically that every other ministry that makes up the polity buys corruption formula and implement same in their own sector. They do this to be able to suit the structural and organizational bottlenecks that exist in every sector and as well encourage the spread of the virus. The party in question has injected more power to the virus that it does have. How? They assume themselves as the only party that have the key and can steer the ship of the nation to their own advantage.
In addition to this, at the end of the day every other political office holders are all hankering for the national cake. At the same time adding more succour to the strength of advance fee fraud, organized crime is the order of the day. The economic development of the nation is nothing to write home about. Why is this situation lingering up till date? It is only because of a pathogen termed corruption virus ravaging all sectors of our economy. Then, in some months to come the nation will enter another election period to usher in new sets of leaders to continue the advance fee fraud or to steer the ship of the nation to the right harbor. Allow me to say this let the man who has the solution be in the position: you can find a reference point of this on the article entitled “civil society unrest and Guinea election”
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THe Difference Between Digital Marketing and Social Media Marketing
It utilizes an assortment of digital channels like SEO (search engine optimization), social media and PPC (pay per click) to entice audiences towards a prospective brand. Digital marketing uses internet as the core medium of promotion which can be accessed using electronic gadgets like computers, laptops, tablets and smartphones. (more…)
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Five Characteristics of a Good Business Plan
A business plan like any other write – up can either be good or bad. And if you want to know the difference of a good business plan from something that can be mediocre or even bad, then read on. But first off, let us start by giving everybody an idea of what a business plan is.
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He started Amazon as an online bookstore, This is the story of Jeff Bezos
Entrepreneur and e-commerce pioneer Jeff Bezos is the founder and CEO of the e-commerce company Amazon, owner of The Washington Post and founder of the space exploration company Blue Origin. His successful business ventures have made him one of the richest people in the world. Born in 1964 in New Mexico, Bezos had an early love of computers and studied computer science and electrical engineering at Princeton University. After graduation, he worked on Wall Street, and in 1990 he became the youngest senior vice president at the investment firm D.E. Shaw.
Four years later, Bezos quit his lucrative job to open Amazon.com, an online bookstore that became one of the Internet’s biggest success stories. In 2013, Bezos purchased The Washington Post, and in 2017 Amazon acquired Whole Foods.
Jeff Bezos’ Family
Jeff Bezos was born on January 12, 1964, in Albuquerque, New Mexico, to a teenage mother, Jacklyn Gise Jorgensen, and his biological father, Ted Jorgensen.
The Jorgensens were married less than a year. When Bezos was 4 years old, his mother remarried Mike Bezos, a Cuban immigrant.
Jeff Bezos’ Education
Bezos graduated summa cum laude from Princeton University in 1986 with a degree in computer science and electrical engineering.
Bezos showed an early interest in how things work, turning his parents’ garage into a laboratory and rigging electrical contraptions around his house as a child.
He moved to Miami with his family as a teenager, where he developed a love for computers and graduated valedictorian of his high school. It was during high school that he started his first business, the Dream Institute, an educational summer camp for fourth, fifth and sixth graders.
Career in Finance
After graduating from Princeton, Bezos found work at several firms on Wall Street, including Fitel, Bankers Trust and the investment firm D.E. Shaw. In 1990, Bezos became D.E. Shaw’s youngest vice president.
While his career in finance was extremely lucrative, Bezos chose to make a risky move into the nascent world of e-commerce. He quit his job in 1994, moved to Seattle and targeted the untapped potential of the Internet market by opening an online bookstore.
Founder and CEO of Amazon.com
Bezos opened Amazon.com, named after the meandering South American river, on July 16, 1995, after asking 300 friends to beta test his site. In the months leading up to launch, a few employees began developing software with Bezos in his garage; they eventually expanded operations into a two-bedroom house equipped with three Sun Microstations.
The initial success of the company was meteoric. With no press promotion, Amazon.com sold books across the United States and in 45 foreign countries within 30 days. In two months, sales reached $20,000 a week, growing faster than Bezos and his startup team had envisioned.
Amazon.com went public in 1997, leading many market analysts to question whether the company could hold its own when traditional retailers launched their own e-commerce sites. Two years later, the start-up not only kept up, but also outpaced competitors, becoming an e-commerce leader.
Bezos continued to diversify Amazon’s offerings with the sale of CDs and videos in 1998, and later clothes, electronics, toys and more through major retail partnerships.
While many dot.coms of the early ’90s went bust, Amazon flourished with yearly sales that jumped from $510,000 in 1995 to over $17 billion in 2011.
As part of Bezos’ 2018 annual shareholder letter, the media tycoon said the company had surpassed 100 million paid subscribers for Amazon Prime. By September 2018, Amazon was valued at more than $1 trillion, the second company to ever hit that record just a few weeks after Apple.
At the end of 2018, Amazon announced it was raising the minimum wage for its workers to $15 per hour. The company has still been criticized for its working conditions and grueling pace, with workers protesting during Prime Day in July 2019.
Amazon Instant Video & Amazon Studios
In 2006, Amazon.com launched its video-on-demand service. Initially known as Amazon Unbox on TiVo, it was eventually rebranded as Amazon Instant Video.
Bezos premiered several original programs with the launch of Amazon Studios in 2013. The company hit it big in 2014 with the critically-acclaimed Transparent and Mozart in the Jungle.
The company produced and released its first original feature film, Spike Lee‘s Chi-Raq, In 2015.
In 2016, Bezos stepped in front of the camera for a cameo appearance playing an alien in Star Trek Beyond. A Star Trek fan since childhood, Bezos is listed as a Starfleet Official in the movie credits on IMDb.
In early 2018, The Seattle Times reported that Amazon had consolidated its consumer retail operations in order to focus on growing areas including digital entertainment and Alexa, Amazon’s virtual assistant.
Kindle E-Reader
Amazon released the Kindle, a handheld digital book reader that allowed users to buy, download, read and store their book selections, in 2007.
Bezos entered Amazon into the tablet marketplace with the unveiling of the Kindle Fire in 2011. The following September, he announced the new Kindle Fire HD, the company’s next-generation tablet designed to give Apple’s iPad a run for its money.
“We haven’t built the best tablet at a certain price. We have built the best tablet at any price,” Bezos said, according to ABC News.
Amazon Drones
In early December 2013, Bezos made headlines when he revealed a new, experimental initiative by Amazon, called “Amazon Prime Air,” using drones to provide delivery services to customers. He said these drones would be able to carry items weighing up to five pounds and be capable of traveling within a 10-mile distance of the company’s distribution center.
The first Prime Air delivery took place in Cambridge, England, on December 7, 2016.
Fire Phone
Bezos oversaw one of Amazon’s few major missteps when the company launched the Fire Phone in 2014. Criticized for being too gimmicky, it was discontinued the following year.
Whole Foods
Bezos had been eyeing the food delivery market, and in 2017 Amazon announced it had acquired the Whole Foods grocery chain for $13.7 billion in cash.
The company began offering in-store deals to Amazon Prime customers and grocery delivery in as little as two hours, depending on the market. As a result, Walmart and Krogers also began offering meal delivery to its customers.
Owner of The Washington Post
On August 5, 2013, Bezos made headlines worldwide when he purchased The Washington Post and other publications affiliated with its parent company, The Washington Post Co., for $250 million.
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What is Artificial Intelligence and Machine Learning Basics?
During the past few years, the terms artificial intelligence and machine learning have begun showing up frequently in technology news and websites. Often the two are used as synonyms, but many experts argue that they have subtle but real differences.
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What Are The Pros And Cons Of Liquid Medicines Over Tablets And Pills?
Every person needs to take medicine at some point in their life and the normal format usually comes in the form of a pill or a capsule. Patients who find it difficult to take medication, like very young patients or older patients are given liquid forms of the medication. Most people are aware of the liquid OTC analgesic formulations for babies and toddlers, as well as the liquid cold and flu remedies marketed for adults, but few realize that it is possible to obtain alternative formulations for many prescription drugs when the patient has trouble swallowing pills. As always, when taking any medications, whether they are sold by prescription or over the counter, care must be taken to make sure that there will not be any adverse side effects when two or more medications are taken concurrently. You always need to tell your physician and pharmacist about any medicines you are currently taking.
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The Difference Between Digital Books and Ebooks
Most people today, don’t know the difference between a digital book and an ebook. In fact, many people think they are one and the same. They couldn’t be farther from the truth. They are entirely different species of the same animal.
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