Tuesday, December 31, 2019

The Positive Aspects of the Cold War 1946 - 1991...

Although the Cold War had many negative influences on global society, it also helped to create a stable political world, as evidenced by the fact that during the Cold War era, civil wars, nationalistic uprisings, and ethnic cleansings were almost non-existent. As well, the world economic situation was subsequently greatly improved by the military build-up caused by the Cold War. The implementation of the American Marshall Plan and the Communist Molotov Plan, the nuclear arms race, and the global military build-up all served to create global political stability and economic prosperity. The Marshall Plan created by United States Secretary of State George Marshall and the Molotov Plan created by Soviet Foreign Minister Molotov were†¦show more content†¦The Missile Crisis developed in 1962 because Fidel Castro believed that America would soon try again to invade his country. He asked the Soviet Union for help in defending his island nation. The Soviet Union replied by sending small arms, tanks, and infantry units to Cuba, as well as secretly transferring nuclear missiles to missile silos that were under construction in Cuba. The Americans were shocked when one of their U-2 spy planes discovered the nuclear silos under construction in Cuba because it meant that for the first time the Soviet missiles were within range of most major U.S. cities, including Washington, D.C. This created a very difficult problem for American President John F. Kennedy for which he needed to find a solution. He could not allow the missile silos to finish being constructed because tha t would place the United States in danger. That meant that either he would have to try diplomatic means to attempt to negotiate the removal of the weapons, or he would have to use the might of the American military to remove the weapons by force. Neither option looked particularly favourable. The Joint Chiefs of Staff (the Presidents military advisors) urged a swift and strong military invasion to destroy the silos before the Soviets could react. Kennedy was concerned, however, of the possibility of Soviet nuclear retaliation for the invasion because invasion was clearly an act of war. Up until that point, neither side had been willing to risk directShow MoreRelatedOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 PagesStory of Reo Joe: Work, Kin, and Community in Autotown, U.S.A. Van Gosse and Richard Moser, eds., The World the Sixties Made: Politics and Culture in Recent America Joanne Meyerowitz, ed., History and September 11th John McMillian and Paul Buhle, eds., The New Left Revisited David M. Scobey, Empire City: The Making and Meaning of the New York City Landscape Gerda Lerner, Fireweed: A Political Autobiography Allida M. Black, ed., Modern American Queer History Eric Sandweiss, St. Louis: The EvolutionRead MoreGame Theory and Economic Analyst83847 Words   |  336 Pagesrealities by linking them to operational research. A last group of applied mathematicians working around the University of Michigan tried to create a bridge between the statistical approach of decision-making theory and the new theory of games through experimental tests. Among them, emerged the names of Thomson and Raiï ¬â‚¬a. But the most suggestive aspect of this history is probably the behavior of Von Neumann himself. Working with the Manhattan project, and having left Princeton, he looked skepticallyRead MoreContemporary Issues in Management Accounting211377 Words   |  846 Pagesaccounting community may be less able to fulfil these roles in the coming years. In part this reflects a more general decline in the academic world as falling relative salaries and status have reduced the intake of talented academic entrepreneurs. But I also think it reflects the cumulative impact of regulatory and careerist pressures in the academic world itself. With government agencies pressing for ever more standardized and conventional research and with increasingly instrumental careerist Read MoreOrganisational Theory230255 Words   |  922 Pagesboth formal and informal structures, and in this respect you will find this book timely, interesting and valuable. Peter Holdt Christensen, Associate Professor, Copenhagen Business School, Denmark McAuley et al.’s book is thought-provoking, witty and highly relevant for understanding contemporary organizational dilemmas. The book engages in an imaginative way with a wealth of organizational concepts and theories as well as provides insightful examples from the practical world of organizations. The authors’Read MoreStephen P. Robbins Timothy A. 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Sunday, December 22, 2019

Essay about Socrates Much More Than A Legend - 1378 Words

Around the fourth century BCE, philosophy in Ancient Greece arose rapidly. This early form was speculative, so it was based entirely off the reasoning process without any factuality involved. While the Hellenistic Era approached, philosophy was taken to a whole new level. During Greece’s Golden Age, Socrates emerged expanding on these basic beliefs by using his inquisitive mind. Although Socrates’ ideology set the basis for western thought, his dedication to his beliefs brought him about as a polarizing figure in Athens. With Socrates’s ability of daringly questioning people’s fundamental beliefs, came a brand new reputation. He was the first person to present the idea of a distinction between the body and the soul (Huffman 567). In†¦show more content†¦For the very first time, he regretted teaching valuable concepts. Not many people plan to get along with everyone they meet considering that every person is unique. However, Socrates intended o n completing this goal without complaining at all. He married his wife Xantipe who was aggressive at all times, not focusing on how he could live with such a woman. As time progressed on, he began to try to understand his wife’s lifestyle (Zannos 31). Socrates claimed everybody has something unusual about them, so others should just accept it. In fact, he himself was beyond normal when compared to a typical person in the polis. When aroused with a conflict, Socrates would go into a trance-like state, forgetting all of the events taking place in reality (Zannos 31). Hours would have passed before he had come up with an answer (All of his fellow men would have left). While he strolled the Athenian Sports grounds, he looked forward to picking up debates with anyone (Sacks OL). The victim would get caught up in his argument, in the end being forced to reflect on their present and past life (Nardo 42). After Socrates had thoroughly sifted him, the conversation would come to a pea ceful end. Never had any other citizen gotten his way while discussing an issue with him. According to Plato, this wise man wouldn’t insist on hearing any tales that were related to the gods behaving in an immoral manner (Huffman 567). Due to the fact that this went against his beliefs, itShow MoreRelatedAnalyzing The Ways That Plato Is An Unusual Epic Hero946 Words   |  4 Pagesskill. His name was Socrates. In ancient Greece, Socrates was the most famous celebrity. Today, Socrates is perhaps more famous than any epic hero. In an article entitled, â€Å"Celebrities of the Ancient World,† Robert Garland says, â€Å"The fact remains that Socrates was one of the best known Athenians of his day.† His disciplines of thought have influenced almost every aspect of modern society. Traces of Socratic method can be uncovered in modern school systems and in the media. Socrates is an unusual epicRead MorePlato And Aristotle s Views On The Greek Philosophy1128 Words   |   5 PagesRuiheng Jiang HU 201 Professor Stoehr 9/28/2015 Socrates, Plato and Aristotle, the three original thinkers and intelligent teachers of ancient Greece, together made the Greek philosophy reach its highest state and also opened up a new world of western philosophy and culture. Among three of them, Socrates was the very first one who appeared in history, and was the very first teacher and spreader of ancient Greek philosophy. His entire life was a legend that he had numbers of followers and students.Read MoreWhy Was Socrates Final Speech So Ineffective?1407 Words   |  6 PagesSocrates: Why was his final speech so ineffective? Although the Platonic dialogue chronicling Socrates death is called the Apology, many critics have noted that Socrates seems notably unapologetic throughout the speech, thus raising the ire of his Athenian listeners. 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The interlocutors engage in the dialectic similar to that found in other Platonic works. While among a group of both â€Å"teachers† and â€Å"students†, Socrates poses the question, â€Å"What is justice?† He proceeds to deny every suggestion offered in his usual fashion, showing how each contains contradictions [331c-337e]. As is also common, Socrates offers no definitionRead More The Symposium: A Philosophers Guide To Love Essay2101 Words   |  9 Pages The Symposium: A Philosophers Guide to Love As much as our society has become involved in the advancement of feminism and the equality of the sexes, there is one fact that neither gender can ignore; none can survive without the other. Love and the want of a soul mate keeps each member of man and womankind in constant search of the perfect person with whom to become one. Yet if this bond is a necessity of the human race then why has the meaning, purpose and pursuit of it eluded us for soRead MoreJohn Locke’s Theory of Personal Identity Essay1692 Words   |  7 Pagesterm was the immaterial ‘substance’, such as the ‘soul’. A particular thought experiment he used to explain his ideas on the ‘soul’ is regarding Nestor or Thersites; where someone believed that their soul once inhabited one of these men of the Trojan legend. Of this he says; ‘But yet the soul alone, in the change of bodies, would scarcely to anyone †¦ be enough to make the same man’ (Locke, in set book, p, 277). Establishing, that he believed the soul was an immaterial ‘substance’, although not necessarily

Saturday, December 14, 2019

Proposal for Annotated Bibliography on Business Ethics Free Essays

Title: Annotated Bibliography for Proposed Project on Business Ethics Proposal There are many different opinions in todays world about the necessity and importance of implementing a business ethics oath for all who wish to work in the corporate world. Society would greatly benefit from the implementation of a business ethics pledge being sworn by everyone who graduates from business school. Corporate greed would start to dwindle and there would be many more moral and ethical leaders in todays corporations. We will write a custom essay sample on Proposal for Annotated Bibliography on Business Ethics or any similar topic only for you Order Now A business ethics pledge would help start corporate culture within todays leading businesses which can help not only keep a corporation ethical but help them to succeed financially and with their sustainability. Annotated Bibliography Gini, Al. â€Å"Business, Ethics, And Leadership In A Post Enron Era. † Journal Of Leadership Organizational Studies (Baker College) 11. 1 (2004): 9-15. Business Source Complete. Web. 18 Oct. 2012. In this article, Al Gini describes how the ethics f leadership affect the ethics of the workplace and helps to form the ethical choices and decisions of the workers in the workplace. Gini goes on to explain that the central problem of ethics in business today Schweiger 2 is the absence of positive moral leadership and the neglected development of a moral culture within the corporation. He credits these problems for the rise in corporate greed and unethical behavior that occurs in todays society and economy. Gini describes how in todays world the availability and opportunity to express corporate greed has grown extensively due to the lack of moral leadership and a ethical corporate culture. Wayne, Leslie. â€Å"A Promise to be Ethical in an Era of Immortality. The New York Times (2009). In this article, Leslie Wayne presents the idea that todays generations very different from yesterdays. Today students are more concerned about how corporations affect the community, the lives of its workers, and the environment. They are still concerned with making money just like any other businessmen, but not at the expense of others and not unethically. Wayne tells in this art icle how some schools have already made a business ethics pledge mandatory for all students, and how some students at other schools are taking the pledge by choice. Wayne provides good arguments and supports them with evidence for why business ethics pledges should be constitutionalized and taken by all entering the corporate world. Sims, Brinkham, Johannes. â€Å"Enron Enthics: Culture Matters more than Codes. † Journal of Business Ethics, Jul 2003. Vol. 45, Iss. 3; Pg 243. In this article, by Ronald R. Sims, Brinkmann, and Johannes, the topical issue is the Enron Scandal that occurs in 2001. The authors provide different viewpoints of the scandal and point out that in the eyes of the executive managers of Enron, their actions where completely ethical and legal. In fact, before 2001, Enron was actually praised for being an excellent corporate citizen and for obtaining a high standard of business ethics. Sims, Brinkmann, and Johannes suggest that some corporations look ethical to the public but in fact commit many violations of what is today called common business ethics. Heller, Nathan A. , and Victor L. Heller. â€Å"Business Ethics Education: Are Business Schools Teaching To The AACSB Ethics Education Task Force Recommendations?. International Journal Of Business Social Science 2. 20 (2011): 30-38. Business Source Complete. Web. 18 Oct. 2012. In this article, Nathan A. Heller, and Victor L. Heller identify their shared views on the failure of business schools to provide graduates with the ethical skills they need to be a responsible and educated leader. Heller and Heller define business ethics as how individuals, at all levels of the organization, make decisions and live their lives according to a standard of right and wrong behavior. They observe the fact that business schools take pride and market success of their graduates, but fail to take responsibility, for their ethical failures. Heller and Heller believe that business schools have encouraged their students to focus too much on analytical skills in order to maximize profits at all costs without consideration of the ethical implications of their actions. Carroll, Archie B. â€Å"Reflections On The Business Ethics Field And Business Ethics Quarterly. † Business Ethics Quarterly 20. 4 (2010): 715-717. Business Source Complete. Web. 18 Oct. 012. In this article, Norman Bowie, former president of the Society for Business Ethics (SBE), develops reasons for the reoccurring lack of business ethics in todays society. Bowie credits mostly the fact that when business is booming, that business ethics seem to erode and businessmen don’t seem to mind walking all over others. He also identifies that lack of business ethics, particularly within the top level executives, to be the major downfall of the last decade resulting in events like the Enron Era and the Wall Street Financial Scandal of 2008. This is and interesting article which identifies the problem areas and lack of business ethics and can be greatly expanded on. Brenkert, George G. â€Å"The Limits And Prospects Of Business Ethics. † Business Ethics Quarterly 20. 4 (2010): 703-709. Business Source Complete. Web. 18 Oct. 2012. In this article, George G. Brenkert expresses his beliefs that schools of business must play a more active role in directing the thinking of future managers to more ethical business behavior. He goes on to say that instead of focusing on profit maximization, businesses should focus on making meaningful work for employees. Brenkert identifies the fact that many businesses still have not accepted moral responsibility for the Wall Street crisis of 2008, ad some even go as for to blame the federal reserve and the government instead of looking in the mirror. He believes that businesses must foster a higher level of ethical behavior in order to avoid repeating this same financial crisis the future. How to cite Proposal for Annotated Bibliography on Business Ethics, Essay examples

Friday, December 6, 2019

Entrepreneurship in International Emerging Economies

Question: Discuss about the Entrepreneurship in International Emerging. Answer: Introduction The mission of this task was to discover whether the entrepreneur matches the personality attributes. The personality and personal history lead people to become successful entrepreneur. There were various attributes of entrepreneurs that were noted from the interview. The first noted attribute is passion and motivation (Muralidharan Pathak, S. (2017). Attributes of Entrepreneur Passion is a fundamental trait in the entrepreneurship. This trait makes an entrepreneur to work on again and again without becoming bored. Also, it help keep entrepreneurs awake because they have not finished their work. It also makes an entrepreneur built and improve upon their strategies over and over. Passion further makes the entrepreneur to enjoy their tasks and continue to do it for a life (Molina, Ortega Velilla, 2017). The demonstration of passion as well as motivation determines the success of an entrepreneur in any entrepreneurial venture. Success for an entrepreneur is a function of passion as well as determination. It drives entrepreneurial activities from building and implementing prototype, to pitching his idea to venture capitalist. Risk taking is another key attribute of the entrepreneur. They are ready to drive deep into the future of the uncertainty. However, it has to be acknowledged that not all risk takers are successful entrepreneurs (Karwowski Stockhammer, 2017). What distinguishes a successful entrepreneur from others is that successful ones are willing to risk their time and money on unknown. They at the same time keep resources, plan as well as bandwidth for the dealing with the unknown unknowns in reserve. When a successful entrepreneur is evaluating risk he will ask himself whether the risk is worth the cost of his career, time as well as money. A successful entrepreneur will what he will do in case the said venture fails to pay off (Omisakin, 2017). A successful entrepreneur will also have such attributes as self-belief, hard work and disciplined dedication. An entrepreneur enjoy what he does and believe in himself and is confident and committed to his project. An entrepreneur, occasionally might show stubbornness in his intense focus on as well as faith in his idea. Yet the flip is his demonstrated discipline and dedication. The adaptability and flexibility is another essential attribute of a successful entrepreneur. It is better to be passionate and even stubborn regarding what to do. But being rigid about a client or market needs shall culminate in failure. An entrepreneurial venture is never simply around doing what one believe is good, but further making successful business out of the venture. Market needs remain dynamic: alterations are a repeated phenomenon. Successful entrepreneurs welcome every suggestion for optimization and customization which improves their offering along with satisfies client besides market needs. A product that is developed for oneself solely might qualify as a hobby, however, a product for market need to satisfy the needs of the market. Entrepreneur and entrepreneurship Choosing the right path is effective for individual who want to be either employees or entrepreneurs. Making a decision on the career path remains the single most significant choices one make in his life. A career which one is not solely successful in, but further enjoy doing will affect all the elements of ones life in a non-negative manner. But do people really explore every option prior to making a given decision. An average individual will switch career paths various times within his lifetime for numerous reasons. But when making a choice, it remains significant to regard all different variables which play out in a career, encompassing financial stability, job security and job market. A fundamental query which get neglected by numerous individual looking to begin a new career, or merely entering job market for initial time, is whether or not people want to be entrepreneur or employee. Indeed, most individuals struggle with distinction between two as they solely saw employment as choice which was available for them. People are usually encouraged to land a great job, and several of us do not think about establishing their individual employment by becoming business owners. Knowing the distinction between employment and business mindset is essential to fathoming which alternative would work for an individual and how being an employee or owner of a business can suit an individuals personality as well as goals. The key different between self-employment and employment is having extra control. An entrepreneur has extra freedom in making a decision on workload and work hours besides having less supervision with regards to how work is undertaken. An entrepreneur has to take on challenges and work hard to thrive but the outcome are worth struggle (Nielsen et al., 2017). An entrepreneurship is for people who are driven, want to take on challenges, want extra control of time and money, as well as thrive in happiness of building individual future, taking entrepreneurial path might be the unsurpassed choice. An entrepreneur has to get prepared to be responsible for every financial cost of organization, marketing as well as promoting oneself, and gaining clientele. Mentorship is significant to successful entrepreneurship as mentors teach and guide entrepreneurs through needs and responsibilities of industry Certain differences exist between entrepreneurs and employees. Being an entrepreneur revolves entirely around mindset. Differentiating an entrepreneur from an employ is appropriate. The first difference is that entrepreneurs enhance their skills whereas employees enhance their weaknesses. Entrepreneurs do not see weakness as bad thing like employees. An entrepreneur draws his strength from the weakness. An entrepreneur thrives on the lousy work since placing out lousy work implies that at least he is producing, and it is better to create and fail than not creating at all. Employees on the other hand remain under watchful eye of their bosses and strive for perfectionism with a view that no one needs a black mark (Terry, 2017). Entrepreneurs assert no to opportunities while employees embrace them. The distinction between successful individual and really successful individual is that really successful ones say no to almost everything (Schwens et al., 2017). Entrepreneurs delegate while employees practice the DIY. Entrepreneurs frequently look for means to get things off their corresponding plate as they are aware that monetary value of their time, and emphasize on things solely they can do. Employees on the other hand are opposite as they attempt to do everything themselves, and see it as weaknesses where they cannot juggle it all. The entrepreneurs mono-task while employees (try to) multitask. There is never such a thing as multitasking. Despite what employees need, such a statement is a self-evident truth. Entrepreneurs thrive on risk while employees evade it. An entrepreneur further believe in seasons while employees have a belief in balance. An entrepreneur is never threatened by smarter individual but hire them but employee are threatened by smarter people (Muralidharan Pathak, 2017). Various reasons make an individual to be entrepreneur than an employee or a professional. From the interview, several reasons stood out to influence ones decision to be an entrepreneur. People love to entrepreneurs to be able to set their individual schedule around their family lives. Some interviewees like a busy Mon of two said that she liked being entrepreneur because entrepreneurship avails flexibility to schedule clients around her childrens sport, school schedules as well as doctor appointments. Another interviewee chose to be an entrepreneur because it presents opportunity to take calculated risk on a passion. Another interviewee chose to be an entrepreneur because it allowed her to rediscover himself constantly. To her, entrepreneurship helped him discover his passion for what he is pursuing, his strength in challenging scenarios as well as his resilience in case of a barrier (Goyal, Sergi Kapoor, 2017). Another interviewee loved owning his own business and feels there is often something he can do to improve. Another interviewee chose to be entrepreneur since it allows him to literally own his destiny. He believed that it gave him chance to earn more money by working harder. Another interviewee chose to be an entrepreneur because it provides an opportunity to able to create something from nothing. He got to bring his new programs and ideas to his clients and to hard-working professional daily. Another interview got into entrepreneurship because it gave him the motivation and discipline to become the hardest-working version of himself (Bellavitis et al., 2017). Another interview preferred entrepreneurship since it provided endless possibilities where one can be as creative and innovative as he wants to be with most rewarding results. Another interview decided to be an entrepreneur because it allowed him to create his own definition of success. Another interviewee was attracted to entrepreneurship because it enables him respond to opportunities swiftly unlike his past corporate life whereby making decision could be prolonged that the said opportunity really vanished before every party might get together to reach a decision to proceed (Shepherd Patzelt, 2017). Conclusions The conclusion I made from the understanding entrepreneurship and entrepreneur in terms of attributes of an entrepreneur and reasons why people choose to being entrepreneurs instead of employees. As revealed above, it is clear that GEM principles aligns to the attributes of an entrepreneur. Specific attributes are necessary for one to be a successful entrepreneur and this has been affirmed by the principles of GEM (Anggadwita et al., 2017). This interview has greatly impacted my intended approach to the project. After having understood the various reasons why people choose entrepreneurship rather than employment, I will subsequently, focus my project on entrepreneurship rather than employment. References Anggadwita, G., Anggadwita, G., Luturlean, B. S., Luturlean, B. S., Ramadani, V., Ramadani, V., ... Ratten, V. (2017). Socio-cultural environments and emerging economy entrepreneurship: Women entrepreneurs in Indonesia. Journal of Entrepreneurship in Emerging Economies, 9(1), 85-96. Bellavitis, C., Filatotchev, I., Kamuriwo, D. S., Vanacker, T. (2017). Entrepreneurial finance: new frontiers of research and practice: Editorial for the special issue Embracing entrepreneurial funding innovations. Goyal, S., Sergi, B. S., Kapoor, A. (2017). Emerging role of for-profit social enterprises at the base of the pyramid: the case of Selco. Journal of Management Development, 36(1). Karwowski, E., Stockhammer, E. (2017). Financialisation in emerging economies: a systematic overview and comparison with Anglo-Saxon economies. Economic and Political Studies, 5(1), 60-86. Molina, J. A., Ortega, R., Velilla, J. (2017). Feminization of entrepreneurship in developing countries. Muralidharan, E., Pathak, S. (2017). Informal institutions and international entrepreneurship. International Business Review, 26(2), 288-302. Nielsen, S. L., Nielsen, S. L., Gartner, W. B., Gartner, W. B. (2017). Am I a student and/or entrepreneur? Multiple identities in student entrepreneurship. Education+ Training, 59(2), 135-154. Omisakin, O. M. (2017). Economic Contributions and Challenges of Immigrant Entrepreneurs to Their Host CountryCase of African Immigrants in Auckland, New Zealand. Journal of Business Administration Research, 6(1), 25. Schwens, C., Zapkau, F. B., Bierwerth, M., Isidor, R., Knight, G., Kabst, R. (2017). International Entrepreneurship: A Meta?Analysis on the Internationalization and Performance Relationship. Entrepreneurship Theory and Practice. Shepherd, D. A., Patzelt, H. (2017). Researching Entrepreneurial Decision Making. In Trailblazing in Entrepreneurship (pp. 257-285). Springer International Publishing. Terry, T. (2017). Reasons Why BTU Has Good Building Services!!. Entrepreneurship in International Emerging Economies Question: Discuss about theEntrepreneurship in International Emerging Economies. Answer: Introduction: Steve Jobs can be considered as the most influential entrepreneur of this generation. The man with the extraordinary qualities such as visionary, inspirational, brilliance has become one of the most successful entrepreneurs. With the help of Jobs extraordinary vision and urge for business he had established a company which is now considered as the most valuable company in the world. Along the way he also revolutionized various other industries as well and changed the way we live. Because of his various accomplishments his name has become synonymous with the words entrepreneur and visionary. The most astonishing fact about this great entrepreneur is that he believed market research and focused groups will limit the ability to innovate. If he was asked how much research was conducted before launching iPad he always used to say none. These are the proper quality of an entrepreneur, the ability to take limited risk, optimism and flexibility and adaptability to situations and these are es sential. Now days, entrepreneurship plays a very important role in the growth and development of both emerging economies of the BRIC countries (Brazil, Russia, India and China) and the industrialized countries. The role played by an entrepreneur has been analyzed from a number of viewpoints. However, presently only a few commonalities exists when analyzing individuals for reasons of being an entrepreneur (Kiss et al. 2012). The broad purpose of this report is to analyze the various factors present in the BRIC countries that promote entrepreneurship among the individuals. In the simplest form of definition entrepreneurship is the act of starting a new business. Entrepreneurship can be considered as an instrumental component for the process of growth and development among both the industrialized as well as the emerging economies (Gupta et al. 2014). Reasons for Becoming an Entrepreneur: There are a number of advantages prevailing in the BRIC countries that attracts the entrepreneurs. The acronym BRIC was first used by Jim ONeil in during late 2001. Then he was the head of economic and Policy Research at Goldman Sachs. The four BRIC countries were segregated from the congregation of other emerging economies on the basis of their potential demographic features and economic prospects. According to Kim and Li (2014), these will help these countries to stand out among the crowd and rank higher among the worlds largest and most flourishing economies in the 21st century. These four BRIC countries that is Brazil, Russia, India and China comprises 40 percent of the total worlds population which is near about 2.8 billion people (Hoskisson et al. 2013). These countries cover more than a quarter of the total worlds land area and contribute to more than 25 percent of the total worlds GDP (Gross Domestic Product). The BRIC countries are a very important contributor in economic growth and this is the reason for which these countries are considered as the emerging economies. According to Borker(2012), the main three drivers of economic growth are land, labor and capital these factors are also termed as factors of production. The population taken together with the demographic condition of a country is one of those factors that may affect the potential size of the economy. This factor may also depict the competence to perform as the steam engine of growth. During the year 2003, Goldman Sachs predicted that by the end of 2050 China and India would be the first and third largest economies in the world while Brazil and Russia will occupy the position of fifth and sixth (ChadeeRoxas, 2013). Figure: Development Indicators of the BRIC (Source:Kiss et al. 2012) Studying the development indicators of these BRIC countries as depicted above, it clearly depicts that the comparative advantage of starting up new ventures in these emerging economies. It is also clear from these indicators that China is growing at the fastest rate and has the highest GDP. This is attracting investors from the developed economies as well for opening up new venture (Becker, 2013). Moreover, in the case of Brazil, it is a country that is significantly reach in terms of resources like oil, commodities, minerals, gas etc. The country is also very famous around the world for being the largest exporter of coffee, sugar and poultry. Brazil is extravagantly rich with resources and there are various fields that still remain unexplored by the entrepreneurs, which can be very profitable. Most of the economists consider Brazil as a pricey economy (Marquis Raynard, 2015). Presently, Brazil is the main and a very important exporter of a number of raw materials and the country is a leading partner with the US economy since the year 2009. In this country the currency is expensive and interest rate is also high. The per capita income of Brazil is $12000 which is more than that of the Chinese economy (Becker, 2013). One of the most important resources in which Brazil is richer compared to any other countries is oil. It is expected that Brazil may have the tenth largest oil reserve in the world and it is called the next Saudi Arabia. These above stated features are also attracting the entrepreneurs from all over the world towards these countries. Business is more profitable in these countries rather than being an employee. After these countries get fully industrialized then job opportunities in these countries will become bigger. Quality Required for Becoming an Entrepreneur: There are a number of qualities that must be possessed by an entrepreneur in order to become successful. As the entrepreneurs are always faced with challenges from every corner, perseverance is a necessary quality that an entrepreneur should obviously possess. Apart from thisself-discipline, passion,and confidence are also required for running a whole new business or an existing organization successfully. Conclusion; In order to conclude, it can be said that, the report has covered the nooks and corners of entrepreneurship in the BRIC countries. It is quite evident that investing in the BRIC countries will definitely be fruitful and this is the reason why individual will invest in those countries and become an entrepreneur rather than becoming an employee. The essential qualities that an entrepreneur should possess have also been discussed briefly in this report. Reference List: Becker, U. (2013).The BRICs and emerging economies in comparative perspective: Political economy, liberalisation and institutional change. Routledge. Borker, D. R. (2012). Accounting, culture, and emerging economies: IFRS in the BRIC countries.Journal of Business Economics Research (Online),10(5), 313. Chadee, D., Roxas, B. (2013).Institutional environment, innovation capacity and firm performance in Russia.Critical perspectives on international business,9(1/2), 19-39. Gupta, V. 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