Friday, September 4, 2020

The Silk Roads free essay sample

The Silk Road was a significant exchange organize that built up culturally diverse exchange; individuals from Han China right to the Roman Empire were included. The Roads came around at around 200 B. C. E, and continued for an additional 1,700 years. Extravagance merchandise, religions, infections, food, and thoughts have developed inside that time. The Silk Road and its exchange stay consistent despite the fact that its examples of communication have been adjusted through the plague and Islam, Christianity, and Buddhism. After some time, the Silk Roads’ courses spread all through Eurasia. Domains that were enormous and rich regularly exchanged products, for this was excellent for their economy. Indisputably, exchange accompanies the scattering of sickness. Rodents that lived on pontoons began the Bubonic Plague; ships conveying the malady would spread it at different quits, contaminating more individuals. The Mongols added to the spread of the Black Death. Changes happened when a large number of individuals were executed during the Middle Ages. We will compose a custom paper test on The Silk Roads or on the other hand any comparable point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Moreover, when the Roman Empire fell in the mid-fifth century, exchange was decreased along the Silk Roads. The plague was one of numerous variables that changed over collaboration along the Silk Roads. Religion was a grand change that came about through correspondence of dealers and explorers. Buddhism, Islam, and Christianity emerged and advanced over the Roads. After time, these religions turned into the most noticeable in Eurasia. Among numerous progressions lie a couple of coherencies. The motivation behind the Silk Road itself alongside the merchandise exchanged continued as before for a long time. Products, for example, silk, flavors, and cash were traded and created. Thoughts, innovation, and advancement were likewise partaken all the while. The motivation behind the Roads was to make exchange simpler while fulfilling the economy. Generally speaking, switch wound up being a positive outcome for countries that exchanged along the Silk Roads. From 200 B. C. E to 1450 C. E, individuals all through Eurasia were giving and getting materials that accelerated the advancement of human cooperation. In spite of changes in diseases and religion, the first capacity and results of the Roads persevered.

Saturday, August 22, 2020

Benchmarking Free Essays

Is characterized by CIMA as ‘The Establishment, through information social event of targets and comparators, through whose utilization relative degrees of execution (and under execution) can be recognized. ’[CIMA, 2008] This definition clarifies in my brain that benchmarking is the correlation of one/a few company’s examination of relative elements to another’s. Along these lines perceiving how a company’s best practice contrasts to your own. We will compose a custom paper test on Benchmarking or on the other hand any comparative subject just for you Request Now There are a few kinds of benchmarking that an organization may utilize; Internal, Functional, Competitive and Strategic. An organization may utilize inside benchmarking to analyze various procedures inside similar offices. On the off chance that they utilize useful benchmarking, at that point they are mostly looking their specialties and which runs better paying little mind to their various yields. Serious benchmarking is data accumulated about direct contenders lastly key is a more extended term benchmark method. This is utilized for organizations searching for hierarchical change. The primary preferred position for benchmarking is to â€Å"set the establishment for execution improvement† to help â€Å"better competitors† [Nayab, 2010] and by and large be the best organization in the Market place. Then again a hindrance is; how promptly accessible is all the data you require to benchmark? Business Process Re-building Is characterized by Drury as â€Å"examining business procedures and rolling out generous improvements to how the organization operates†. [Drury C, 2008] BPR is a significant apparatus utilized by business since they need gains in execution and quality, and they have to cost decreases to take a stab at benefit expansion. At the point when re-designing procedures they see what has been done and attempt to improve it. A run of the mill model might be: Building a vehicle by hand takes a significant long time, be that as it may on the off chance that they changed the procedure to the vehicle being worked by a robot, at that point they could expand execution and quality. Anyway there are numerous negatives to utilization of BPR. It has an unsure outcome since it is a win or bust strategy (high hazard). Likewise it is said that The most effective method to refer to Benchmarking, Essay models

Friday, August 21, 2020

Daddy by Danielle Steele and A River Runs Through Essay Example For Students

Daddy by Danielle Steele and A River Runs Through Essay It by Norman MacleanThe two books Daddy by Danielle Steele and A River Runs Through It by Norman Maclean are the two stories where the principle characters are male. The books manage how a man responds when he is given various circumstances. Oliver, the principle character from Daddy, and Norman the fundamental character from A River Runs Through It, are both given various circumstances that draw out their predominant characteristics. The two men have both comparative and various characteristics. The timespans and society that they live in have completely molded the manner in which Norman and Oliver respond when given certain characteristics anyway they despite everything have a similar manly qualities. The timeframe in witch the two men are acclimated with are altogether different. Norman lives in the mid 1900s when it was as yet the hour of men had their place working and ladies had their place in the kitchen. While Oliver is in the time setting of around the late 1980s to the mid 1990s in when ladies are equivalent to men. The timespans that the two characters live in have changed their characters. If they somehow happened to switch places they would more than likely have turned around characters. Norman is living in the mid 1900s when the man was relied upon to be the solid one in the any circumstance. Norman does this generalization equity he is in his ahead of schedule to mid 20s and an upstanding resident. Norman is confronted with the issue of confronting his siblings demise. His siblings demise isn't a circumstance that is bound to this timespan it is simply dealt with distinctively due to this timeframe. Norman handles the circumstance by not referencing it frequently and acting like it didnt occur. Though if Norman was living in a progressively current timespan he might be increasingly adept to discussing his siblings deathOliver is a moderately aged notice specialist during the 1990s, when men are not relied upon such a great amount to be the intense person and individuals are increasingly liberal to the various things. Oliver is given a great deal of the issues that are regular to the 90s. He is likewise an exceptionally better than average person that is given a por tion of the hardships of life, yet dissimilar to Norman Oliver isn't embarrassed about his issues since they are increasingly satisfactory in the time that he is living. He is confronted with being a solitary parent to a high school child who likewise has his own life and youngster. Oliver doesn't attempt to avoid this issue or attempt to conceal it. Rather he manages it regardless of whether his dad causes him. He additionally understands that he can't take care of every one of his issues and everybody elses issues. Oliver is mostly a result of his time. In the event that he had lived in a similar timespan as Norman he presumably would have taken care of the issue all the more attentively, or the issue may have never emerged because of various virtues of the time. The time that the two men lived in molded their characters and the way that they took care of circumstances. The timespans additionally gave a chance to the creators of these two stories to set up the specific circumstances that were introduced to the two characters. This is a result of various qualities that individuals are held to in these double cross periods. There is likewise the way that the two men lived in various social orders. Norman is an unassuming community kid while Oliver is a hotshot city slicker. The modest community morals and the enormous city perspectives have their impact on individuals, and it is obvious on the two characters. The two of them have lovely plunge virtues however one of the main considerations that add to their characters is the place they live. Norman is all the more ready to help out due to the humble community mentality. Oliver is progressively out for himself and his family since that is the thing that you need to do in the enormous urban communities. .u18c97629c8f47e8bc01413a30f239bd8 , .u18c97629c8f47e8bc01413a30f239bd8 .postImageUrl , .u18c97629c8f47e8bc01413a30f239bd8 .focused content territory { min-stature: 80px; position: relative; } .u18c97629c8f47e8bc01413a30f239bd8 , .u18c97629c8f47e8bc01413a30f239bd8:hover , .u18c97629c8f47e8bc01413a30f239bd8:visited , .u18c97629c8f47e8bc01413a30f239bd8:active { border:0!important; } .u18c97629c8f47e8bc01413a30f239bd8 .clearfix:after { content: ; show: table; clear: both; } .u18c97629c8f47e8bc01413a30f239bd8 { show: square; progress: foundation shading 250ms; webkit-change: foundation shading 250ms; width: 100%; mistiness: 1; progress: murkiness 250ms; webkit-progress: obscurity 250ms; foundation shading: #95A5A6; } .u18c97629c8f47e8bc01413a30f239bd8:active , .u18c97629c8f47e8bc01413a30f239bd8:hover { darkness: 1; progress: haziness 250ms; webkit-change: obscurity 250ms; foundation shading: #2C3E50; } .u18c97629c8f47e8bc01413a30f239bd8 .focused content region { width: 100%; position: re lative; } .u18c97629c8f47e8bc01413a30f239bd8 .ctaText { outskirt base: 0 strong #fff; shading: #2980B9; text dimension: 16px; textual style weight: intense; edge: 0; cushioning: 0; content beautification: underline; } .u18c97629c8f47e8bc01413a30f239bd8 .postTitle { shading: #FFFFFF; text dimension: 16px; text style weight: 600; edge: 0; cushioning: 0; width: 100%; } .u18c97629c8f47e8bc01413a30f239bd8 .ctaButton { foundation shading: #7F8C8D!important; shading: #2980B9; fringe: none; outskirt sweep: 3px; box-shadow: none; text dimension: 14px; textual style weight: striking; line-tallness: 26px; moz-fringe range: 3px; content adjust: focus; content improvement: none; content shadow: none; width: 80px; min-stature: 80px; foundation: url(https://artscolumbia.org/wp-content/modules/intelly-related-posts/resources/pictures/basic arrow.png)no-rehash; position: total; right: 0; top: 0; } .u18c97629c8f47e8bc01413a30f239bd8:hover .ctaButton { foundation shading: #34495E!important; } .u18c976 29c8f47e8bc01413a30f239bd8 .focused content { show: table; stature: 80px; cushioning left: 18px; top: 0; } .u18c97629c8f47e8bc01413a30f239bd8-content { show: table-cell; edge: 0; cushioning: 0; cushioning right: 108px; position: relative; vertical-adjust: center; width: 100%; } .u18c97629c8f47e8bc01413a30f239bd8:after { content: ; show: square; clear: both; } READ: History of Culinary Arts EssayNorman has lived in a modest community for his entire life and experienced childhood in a run of the mill family setting. He knows for all intents and purposes everybody around so

Introducing Speech of UHCL Student

I present myself as ________ as of now utilized as a _______-The correct data and the way to utilize it keenly can give an association an edge over its rivals. Organizations are progressively looking towards innovation not exclusively to understand their momentary objectives yet additionally to put them deliberately for their drawn out progress. This procedure and savvy utilization of innovation in Business Processes enthralls me.As the procedure of globalization has arrived at the wildernesses of business, instruction and innovation; it is the main irreplaceable route for the worldwide associations to confront the difficulties of the consistently advancing field of innovation. I aim, hence, to seek after Masters in Management Information Systems at your regarded University. All through my instruction, I generally displayed an elevated level of competency and capability in my tutoring just as my under graduation.Having scored magnificent scores in my higher optional training, I proce eded to furnish myself with a college degree in Instrumentation and Control Engineering, at GNITS, Hyderabad. My profession educational plan improved my insight in subjects like C Programming, Data Structures, Control Systems, Neural Networks, Analytical Instrumentation, Microprocessors, Management Science and Digital Signal Processing. It was during this period that my educators ingrained in me a solid tendency towards Information Management and Computer Programming.During my last year college class, I introduced my venture on ‘Color Image Recognition Using Neural Networks'. My venture included coding a program utilizing MATLAB innovation which tackles an example acknowledgment issue and has an importance to the recorded of Medical Diagnostics, Satellite Imagery and Remote Sensing. As an undergrad understudy I likewise sorted out an ISTE understudy section discussion, quizzo and scaled down task rivalry. This was made a chance inferable from my greatness in relational abiliti es, specialized skill, scientific fitness and an astute outlook.After my undergrad training, the powerful urge to comprehend the business procedure and the necessities of the business moved me to acknowledge a work before seeking after alumni examines. My work as a Software Engineer at Accenture, a worldwide fortune 500 organization, shows my general aptitude.I saw this as an awesome chance to pick up preparing and ongoing work involvement with the Information Management area with essential spotlight on DW/BI †Data warehousing/Business Intelligence. Having worked for over 2.5+ years, presently I have increased great information on the general SDLC (Software Development Life Cycle), got a couple of extra abilities like Data Modeling procedures, SQL/PLSQL, and experienced with various kinds of UNIX,. This presentation to DW/BI circle even encouraged my inclinations further in Information Systems Management. Accenture, with its rich legacy in counseling and innovation has given me abundant chances to pick up space explicit experience and to the capacity to give imaginative BI solutions.My venture in DW/BI ability was in the shopper products and enterprises area for Astra Zeneca, a customer, which is a main pharmaceutical organization. My venture at _____ depended on an inland †seaward working model and it expected me to interface intimately with the on location group just as the customer group. This helped me increase new knowledge into prophet BI instruments and furthermore brought about a preparation spell at the on location (Milan) . The time I spent Onsite, in Milan, widened my vision, had incredible worth augmentations and helped me become a completely adjusted DW/BI professional.Working in the Information Management area empowered me to pick up certainty and to be keen to the subjects of MIS and furthermore urged me to bear greater obligations. My competency and initiative abilities were remunerated by my organization which granted me with lofty Y oung Achievers Award (2008) and furthermore Best Team Award as characteristic of my remarkable execution and commitment. I have done well in the entirety of my commitment and have consistently conveyed to the most extreme fulfillment of the client.I was fruitful in taking up Oracle merchant confirmations with 100%. I feel it a benefit to have come up first in statement, discusses and other language capability rivalries held at a region level during my school days. I likewise indicated a fitness towards inventive abilities by taking an interest and winning a few prizes in science presentations and other specialized occasions. During my under graduation I introduced a few specialized papers which were profoundly valued. I likewise took dynamic part andâ volunteered for social assistance and network occasions. Every one of these exercises have helped me to form into multifaceted character with solid relational skills.I seek to seek after M. S. in Management Information Systems (MS-MIS ) on account of my solid enthusiasm for data innovation and its applications to business settings. I have perceived how data frameworks can fill in as an extension among innovation and business by supporting its arranging, tasks and basic choice making.Now through MIS program I want to refine my aptitudes and convey innovation driven business answers for worldwide associations to meet their key goals. I accept that MIS program at University of Houston, Clear Lake will upgrade my insight and help me enormously in accomplishing my vocation objectives. In the midst of the splendid scholastic setting of UHCL, I want to pick up the skill and in the end make a basic commitment to the field of Information Systems. It is with true expectation that I anticipate be a piece of UHCL

Tuesday, July 14, 2020

How to Protect Your Company against Hackers

How to Protect Your Company against Hackers High profile hackings have become a common place in the world of business. Each year seems to bring about more cases while security experts are constantly lashing out warnings.But what is hacking all about and how should your business protect itself against this growing threat? © Shutterstock.com | frank_petersThis guide will provide you an understanding of hacking and why it is a big issue for big and small businesses. You’ll also be able to read about the five key security aspects that can protect your business. You’ll hopefully come away with an understanding of the necessity of protecting your business and the confirmation that security doesn’t need to be complicated.WHY SHOULD YOU TAKE HACKING SERIOUSLY?Hacking has become one of the most talked about subjects in the business world. It’s not just a topic security experts discuss in dim IT rooms, but all major business magazines and organizations continuously report about the importance of taking hacking seriously.What is hacking?So, what does hacking mean? It essentially is a practice, which sees a person modifying the features of a specific system, in order to achieve a goal, for which the system is not originally designed to perform. In short, hacking could be performed on all sorts of things , with computer hacking being the most common form.While the actual modification, i.e. hacking, could have positive and beneficial intentions, most associate hacking with criminal activities. Hacking can be used in order to break into the IT system of organizations and cause disruption by making the system non-operational or by stealing information.Should your business care about hackers?Hacking has made big headlines in recent years and business owners have become increasingly aware of the threat. PwC conducted a survey in 2014 and asked over 9,600 IT executives globally whether they’ve experienced hacking in the past year. According to the survey, 41% of the respondents had experienced at least one security incident during the year. In the UK, the number of security incidents that year had increased by 69%, with global increases close to 25%.Since the majority of the headlines feature big companies, such as TalkTalk and SnapChat, many small business owners tend to overlook the i ssue of hacking. But security company Symantec found hacking against small businesses increased by 300% in 2012 from attacks in the previous year. Hacking is a threat to big and small businesses, with small businesses often having the lack of resources as a disadvantage.But what damage can hacking do to your business, whether it is a large corporation or a small business? Perhaps the thing you should be most concerned is financial damage. In fact, in the PwC survey, the respondents that said they’ve experienced hacking, nearly 40% said it had resulted in financial losses.Hacking can result in direct theft of finances, but it can also impact your ability to be paid by customers and third parties. It can completely shut down your business operations and create financial problems. While your insurance might well be able to cover the losses, the process is often relatively strenuous and long.Furthermore, securing your business after you’ve been hacked can end up costing your busines s. In fact, you can end up paying for your security more after a hacking incident than you would have before it. Undoing the damage is often impossible, but prevention can ensure you never have to face the difficulties.You could also lose valuable information because of hacking. Hackers might steel company secrets that end up benefitting competitors. Your customer details are gone forever, if you don’t have a proper backup. The consequences of hacking can range from minor inconvenience to the destruction of your business.In addition, financial problems can occur even indirectly as a result of hacking. As cases such as the TalkTalk incident and the Target hacking show, the business’ reputation can suffer. Not only are you often entitled to reimburse customers for any losses, but also you might have a hard time attracting new ones in the immediate future. Customers can feel wary over the security your business provides and the lack of trust can be difficult to rebuild, especially if it turns out you hadn’t properly secured customer data. In fact, businesses have a legal obligation, in most cases, to protect customer data. If you don’t take the appropriate steps to do so, you can inflict further financial damage on your business.5 ASPECTS OF SECURITY YOUR BUSINESS MUST COVERThe good news is that big corporations and small businesses can limit the threat of hacking with simple solutions. Securing your business’ online activities will require careful planning, but you shouldn’t feel overwhelmed. The following five aspects help you understand the key security areas you should cover.#1: Use appropriate security programsThe simplest way to start securing your business is by using up-to-date software. The constant updates can sometimes seem like a drag, but you shouldn’t start skipping them. Whilst it is possible to use software that’s not up-to-date, it can increase the chance of hacking. Software developers are constantly adjusting their code and impr oving the security of the system against the latest malware. If you don’t stay on top of it, you put your business’ security under risk.Additionally, you also have to get used to backing up your systems. Businesses should back up all the files and systems at least once a week. The more data changes you make a day, the better it is to back up every day. You can find information about the importance of backing up your systems from the below YouTube video: Back up shouldn’t simply take place in a single location either. You want to ensure your business has back up on-site, but also off-site as well. The uncomfortable truth is that every hard drive will eventually fail and you don’t want this to happen to your only back up.Once you got the basics covered, you want to start adding extra layers of security to your business. Your business might need plenty of different security packages, but the essentials include:SSL â€" SSL is an essential tool to protect the information users se nd between the website and the database. The code prevents information from being read or accessed without proper access.Web Application Firewall â€" a web application firewall (WAF) can be software or hardware based. It is essentially a protection between your website service and the data connection, scouring through all of the data that passes between these two systems. WAF is typically a cloud-based system and you can find them with monthly subscription fees.Website and software scanners â€" You’ll also want to add scanners that regularly scan your website and software. They can help detect and stop malware, viruses and bad code.When you are looking for the above security programs, remember to check with a few options. Don’t be scared of the costs â€" plenty of good security software can be used free or for a minor fee.#2: Enforce appropriate authenticationAuthentication and passwords are important aspects of security. Although passwords are among the best ways to protect you r data, many businesses tend to compromise on them.First, ensure your business uses a password management system. Like with the above security software, you can find password management systems in all price categories. A proper password management system ensures the business uses minimum password standards across all operations, amongst both employees and customers.In addition, you want to consider using a Two Factor Authentication (2FA) system, also known as the Two Step Verification system. This means that when the system detects an unauthorized device trying to access the data, it asks for a separate authorization code. The authentication is typically an SMS message sent to a registered number or a special code-generating app. This will prevent a hacker from accessing the data.The good news is that 2FA solutions are easy to set up and you can even get started free. Google Authenticator, for example, is an effective solution to check out.Finally, remember the appropriate rules reg arding login details and passwords. You should never send them by e-mail and you should encourage both employees and customers to regularly change their passwords.Finally, don’t provide access to data to everyone in the organization. Not everyone in your business needs a business-wide data access. With each employee, and customer to some extent, think whether they need certain information and deny the data from anyone who doesn’t use it.#3: Secure third-party servicesIt’s important to understand businesses don’t act in a vacuum. Even if your business has an appropriate security system in place, third parties your business deals with might not. Therefore, you shouldn’t only figure out how to secure your own system, but also make sure the companies you work with take security issues seriously.The best way to understand the importance of this is by looking at the example of Target. While the corporation had a secure defense to protect against hacking, the hackers gained acces s by using stolen authentication credentials of a subcontractor. Furthermore, the Ponemon Institute’s research shows third-party providers have a significant impact on the likelihood of hacking. You need to make sure companies that either have access to your system or who have important data about your business enforce appropriate security measures.When you start working with a third-party, check their security credentials and ensure you get a guarantee of an appropriate level of security. For example, they should use the Payment Card Industry’s Data Security Standard and cloud-security certification.If you are using cloud, segregate sensitive data from less sensitive data. The more sensitive the data, the more security you want to add around it. Ensure the connection you use to access data in the cloud is secure. Systems such as virtual private networks (VPN) add more security on Wi-Fi connections. You should definitely avoid using open wireless network for accessing sensitive business data.#4: Understand the vulnerabilities that remainThe above aspects will help you build a strong defense against hacking. But even when you spend time and money on online security, you cannot have a 100% guarantee the system won’t be breached. As past instances of hacking have shown, there’s always the possibility hackers find a way to sneak into your system.In fact, security blogger Graham Cluley told FastCompany in 2014, the human element continues to be the weakest link in the security chain. “I fear that because we can’t roll out a software patch for people’s brains, this problem is one we’re still going to have in 100 years,” Cluley said in the interview.But while your security can’t guarantee 100% results, staying on top of your system will help limit the risk. Your security will have certain vulnerabilities, but the more you understand about them, the safer the system will be.Stay on top of the latest hacking threats through tech websites such as The Hacker News. When you find vulnerabilities, check how you could patch it up and enforce new regulations if necessary. Don’t stay still when it comes to security software. Continue to keep an eye on better software and upgrade your system if you feel you require more protection. Hackers are good at improving their skills and the software you use now might not be sufficient protection in three months.Furthermore, if your business operates as an e-commerce business, you need to understand two key vulnerabilities. These are:SQL hackers use applications with SQL queries in order to gain information from the business’ database.Cross Site Scripting (XXS) â€" the attack uses applications, which take untrusted data and send it to browsers without validating the data. This can allow the hacker to take over accounts or change website content.Both of the above vulnerabilities are effectively prevented with a web application firewall.#5: Create a strong culture of cyber securityFinally, wh ile the above aspects can help you add tangible layers of security around your business, the final point is all about creating a strong culture of cyber security. Your employees are already careful of locking the doors of the business premise and ensuring windows are closed in the afternoon. But they should also be as keen to “lock the doors” of your online operations as well.Ensure cyber security is a key focus point in your business, not an afterthought. Whenever you are implementing a new approach or adding a new operational aspect for your business, consider it through cyber security.Figure out a proper risk management plan. You need to know the most valuable assets in the business and create a plan to protect them. But importantly, you also need to have a plan for the moment when things go wrong. The aim is to ensure your data never is stolen, lost or damaged, but you need to have a plan in place in case the unthinkable happens.Implementing a proper security plan is not dif ficult. The Internet has a wealth of information available to help you get started. Once you have an appropriate action plan in place, responding to threats is much easier and you can end up limiting the financial damage a possible breach might have.Furthermore, everyone in your business should be aware of cyber security and the best behavior associated with it â€" whether or not your business has a special IT department. It is important that employees are aware of how malware and viruses transmit and travel, as well as what they should do if they detect a breach or a problem. For example, you don’t want to simply deny them visits to certain websites with office computers, but explain the dangers of this behavior. Educating your employees about the risks and the best practices can add the final layer of security. Adequate education on the matter reduces that human element.Finally, don’t stop your education to your employees. You should also help your customers understand about c orrect and secure online behavior. For example, explain your information sharing rules and regulations with them. Remind them to never share personal information over e-mail, but rather always contact your customer service by phone or face-to-face.Organizing regular cyber security workshops can be an effective way to keep staff up-to-date. If you are a small business, you can make these events cheaper by organizing them together with other local SMEs. Furthermore, running cyber security workshops for your customers can be a clever branding opportunity.IN CONCLUSIONSecuring your business against hackers isn’t a zero-sum game. No system or software can provide you 100% protection. But security also isn’t rocket science, which costs a fortune. The above aspects of security can guarantee your business data is not only secured but you also have the appropriate attitude towards security. Make security the key focus of your business, continue to educate yourself and your employees and customers, and stay on top of the threats.In its essence, protecting your company against hackers is about making your business as secure as possible. To do this, you need the right security tools, the proper approach to security, from yourself and your business partners, and implementation of proper safeguards.

Wednesday, June 24, 2020

The disruptive business model - the way forward for start-ups

Taxi booking firm Uber was this month valued at USD40 billion following a USD1.2 billion financing round, making it one of the most valuable new technology start-ups. [Tweet Uber was this month valued at USD40 billion.] Despite recent controversies and criticism, the company is an undeniable success story. It was founded in 2009 and, during the past year alone, has expanded its global network from 60 cities in 21 countries to 250 cities in 50 countries. Uber is one of the most striking examples of the disruptive business model – entering a market with an established way of doing things and showing how it can be done differently. This approach means even the smallest start-ups can compete with corporate giants, by distinguishing themselves from their rivals and delivering genuine value to the consumer. Hult Professor Michael Grandinetti discusses disruptive innovation. Disruptive innovation in action Even in industries that seem inextricably linked to established business models, an innovative start-up has a chance of success if it can provide a viable alternative with unique advantages. In the case of Uber, the companys idea was to offer a new way to hail a taxi. It does not own cars or employ drivers, but provides an app that links customers to available cabs. The model offers benefits that customers would not normally get, like being able to track their car on a map to know exactly when it will arrive. Another example of carving out an industry niche by doing things differently is Zipcar, the worlds largest car sharing company. Speaking at the Hult International Business School campus in San Francisco, Zipcar co-founder Robin Chase said the firms aim is to make renting a car as easy as using your own. It has created a community of individual car owners who make their vehicles available for hire. One of the key parts of the companys strategy is utilizing excess capacity. Most of the time privately owned cars are sitting idle, and traditional vehicle rental packages are based on 24-hour bundles, even if the customer only needs the car for a short time. This tactic has also proved effective for Airbnb, which was launched four years ago and now provides access to 650,000 spare hotel rooms around the world. Compare this to InterContinental Hotels Group, which took 60 years to build up its global network of 645,000 rooms. Speaking about her own experience of launching an innovative business, Ms. Chase said she benefited from being an industry outsider. This meant she had fresh ideas and could approach challenges from an interdisciplinary background. The Zipcar founder also advocated honesty about what you know and dont know, and boosting your knowledge through research and the help of trusted advisors, combined with humility in leadership, and plenty of persistence. I guess all of this boils down to being able to learn fast; and to trust that both you and your team can learn what is required, so you are not beaten down by failure, said Ms. Chase. Creating the model and being the first mover Business students and graduates with ambitions of launching their own disruptive venture should focus on developing a unique model of their own, rather than following the lead of recent success stories. Christine Day, former chief executive of clothing firm Lululemon Athletica and current CEO of food company Luvo, said one of the challenges that excites her most is coming up with an idea that has no precedent for success. What I love to do is, where there is no evidence, actually create the business model and the team that can go after that opportunity, because I think if you wait for the evidence, by the time that happens youre not the first mover, she told  Fortune  magazine. In a  CNBC  article questioning the accuracy of Ubers USD40 billion valuation, Michael A. Yoshikami, the CEO and founder of Destination Wealth Management in California, said the companys first-mover status is one of its few clearly discernible assets, along with an unknown intellectual-capital inventory. The renaissance entrepreneur If you have an idea you believe has the potential to shake things up within an industry, one of the keys to success is turning the idea into a workable business model in our globalized, rapidly evolving economy. In the modern corporate environment, industry structures and systems for delivering value to customers are becoming increasingly fluid. Value chains are becoming value webs, wherein customers can also be suppliers and competitors are potential collaborators, as shown by the success of innovators like Zipcar. [Tweet Value chains are becoming value webs, wherein customers can also be suppliers.] Todays enterprising business graduates should be looking beyond conventional concepts like linear value chains, and focusing on dynamic, multi-dimensional strategies. In essence, you need to become a renaissance entrepreneur, who thinks and acts in those multi-dimensional ways and can orchestrate integrative innovation and value-creation accordingly, writes Olaf Groth PhD, Global Professor of Innovation, Strategy, Management, and Economics at Hult in his article How innovative business models can reshape an industry. You need to grow your renaissance brain and calibrate your skillset to meet these new demands. Companies like Uber, Airbnb, and Zipcar have demonstrated that a disruptive business model executed in the right way can be the route to rapid growth in the short term. [Tweet A disruptive business model executed in the right way can be the route to rapid growth.] As such firms evolve and expand, qualities like responsiveness to market trends, humility, and adaptability will be more important than ever, as they themselves become the target of the disruptors. Make the most of what your career has to offer with a Masters in International Business from Hult. To learn more, take a look at our blog Should you choose a Master of International Business or MBA program? or give your employability a huge boost with an MBA in international business. Download a brochure or get in touch today to find out how Hult can help you to explore everything about the business world, the future, and yourself. Hult Rotation offers you a chance to study in a truly global way. Our rotation program allows you to study and be immersed in some of the finest cities in the world. 📠¸: @jasminmanzano . Hult Rotation offers you a chance to study in a truly global way. Our rotation program allows you to study and be immersed in some of the finest cities in the world. 📠¸: @jasminmanzano . Each year, Hult seeks to enroll a talented and ambitious incoming class from all over the world. We look for diverse students with a wide range of experiences, perspectives, and interests—students who will thrive in our unique educational atmosphere. Are you ready for a truly global experience? 📠¸: @iambrunadiniz . Each year, Hult seeks to enroll a talented and ambitious incoming class from all over the world. We look for diverse students with a wide range of experiences, perspectives, and interests—students who will thrive in our unique educational atmosphere. Are you ready for a truly global experience? 📠¸: @iambrunadiniz . We’re excited to start 2020 on a ranking high! Hult is proud to have been placed #28 in Poets Quants 2020 rankings for Best Undergraduate Business Schools in the US. Taking a huge leap of 32 places from our 2019 position, we’re also very happy to have secured top positions in key categories like: life-changing experience, practicality of the degree, and global immersion. . With five global campuses, a student body of over 130 nationalities, and a learn-by-doing approach—Hult offers a student experience like no other. . We’re excited to start 2020 on a ranking high! Hult is proud to have been placed #28 in Poets Quants 2020 rankings for Best Undergraduate Business Schools in the US. Taking a huge leap of 32 places from our 2019 position, we’re also very happy to have secured top positions in key categories like: life-changing experience, practicality of the degree, and global immersion. . With five global campuses, a student body of over 130 nationalities, and a learn-by-doing approach—Hult offers a student experience like no other. . â€Å"I’m from an engineering background and needed a whole new skill set for the industry I wanted to switch to. I learned a lot about myself and how I deal with being out of my comfort zone. I learned both soft and hard skills, from how to work in very diverse teams to key accounting metrics and strategy. I was surprised by how weak I was at certain tasks in English or how strong I actually was in other areas. Hult gave me opportunities to try new things and meet people from places I never thought I would have friends. . My internship experiences gave me the chance to broaden my view of different cultures and different companies. I had the opportunity to work and live with people whose values differed from people in my home country. I thought that this would be difficult, but it gave me the chance to reflect on my own values and assess if they were a result of my home country environment or if they were intrinsically mine. . Diederick ter Kulve (@diederick.terkulve) Netherlands Masters in International Business . â€Å"I’m from an engineering background and needed a whole new skill set for the industry I wanted to switch to. I learned a lot about myself and how I deal with being out of my comfort zone. I learned both soft and hard skills, from how to work in very diverse teams to key accounting metrics and strategy. I was surprised by how weak I was at certain tasks in English or how strong I actually was in other areas. Hult gave me opportunities to try new things and meet people from places I never thought I would have friends. . My internship experiences gave me the chance to broaden my view of different cultures and different companies. I had the opportunity to work and live with people whose values differed from people in my home country. I thought that this would be difficult, but it gave me the chance to reflect on my own values and assess if they were a result of my home country environment or if they were intrinsically mine. . Diederick ter Kulve (@diederick.terkulve) Netherlands Masters in International Business . Say a big hello to our Bachelor of Business Administration program cover star, Elisa Orus Plana âÅ" ¨ . â€Å"I’m excited for the future—especially that I cant predict whats going to happen. Maybe Ill end up in Mexico working for a trading company or maybe in Africa, developing my own business. Everything is possible, and the options are constantly changing. I love the idea that Im never going to be stuck doing the same job until the end of my life if I dont want it to be like this. . Hult really supports me and my ambitions and truly believes that we deserve to be considered as professionals as well as students. Here, I get to express not just my opinions but all elements of myself. From my creative side with the Fashion Society to my finance and business sides in Trading Club and the Management Consulting Club. We get a different type of learning here. Not just essential knowledge and theory, but practical skills and mindset. The school is always evolving. We’re encouraged to innovate and to always look for new ways of doing traditional things. We learn how to be more confident and become aware of how we can impact our environment. The school aims to help you become a better version of yourself and to stand out from the crowd.â€Å" . Elisa Orus Plana French Bachelor of Business Administration Class of 2021 Say a big hello to our Bachelor of Business Administration program cover star, Elisa Orus Plana âÅ" ¨ . â€Å"I’m excited for the future—especially that I cant predict whats going to happen. Maybe Ill end up in Mexico working for a trading company or maybe in Africa, developing my own business. Everything is possible, and the options are constantly changing. I love the idea that Im never going to be stuck doing the same job until the end of my life if I dont want it to be like this. . Hult really supports me and my ambitions and truly believes that we deserve to be considered as professionals as well as students. Here, I get to express not just my opinions but all elements of myself. From my creative side with the Fashion Society to my finance and business sides in Trading Club and the Management Consulting Club. We get a different type of learning here. Not just essential knowledge and theory, but practical skills and mindset. The school is always evolving. We’re encouraged to innovate and to always look for new ways of doing traditional things. We learn how to be more confident and become aware of how we can impact our environment. The school aims to help you become a better version of yourself and to stand out from the crowd.â€Å" . Elisa Orus Plana French Bachelor of Business Administration Class of 2021"> During the final days of 2019, you probably reflected on what you’ve accomplished this year—and even this decade—and what you’d like to achieve in 2020. Let us know in the comments below. During the final days of 2019, you probably reflected on what you’ve accomplished this year—and even this decade—and what you’d like to achieve in 2020. Let us know in the comments below. â€Å"The first time we did group work on the program, I went head-to-head with a colleague. It taught me a lot about how I see people, how people see me, and how conflict can be resolved in a kind and productive way. The best feedback you get, when delivered constructively, is the most critical because it really feeds into how you lead. I’ve completely reversed my leadership style—the result is so much richer and more powerful when you lead from behind and lead with strength. . Studying in tandem with working, whilst challenging, gave me the perfect platform to directly apply learning concepts into my business environment, the competitive landscape, and the real-estate industry as a whole. When I started the program, I was very happy in my corporate role. But my courage and aspirations grew to the point that I took on a whole new direction. Having my career coach, Joanna, as a sounding board allowed me to really be strategic and get to know myself. She coached me thro ugh all the interviews, the research, and the questions. It went in parallel with what I was doing academically and after six months everything just clicked. . I went into the EMBA knowing I had nothing to lose and I’ve come out with everything. Great strength, global friends, amazing learning, mentors from professors, a job I love, and the knowledge that I can set my mind to achieve anything and with the right support and resources I’ll get there.† . Kashani Wijetunga British, New Zealand Sri Lankan Associate Director Senior Strategy Consultant CBRE EMBA Class of 2019 . â€Å"The first time we did group work on the program, I went head-to-head with a colleague. It taught me a lot about how I see people, how people see me, and how conflict can be resolved in a kind and productive way. The best feedback you get, when delivered constructively, is the most critical because it really feeds into how you lead. I’ve completely reversed my leadership style—the result is so much richer and more powerful when you lead from behind and lead with strength. . Studying in tandem with working, whilst challenging, gave me the perfect platform to directly apply learning concepts into my business environment, the competitive landscape, and the real-estate industry as a whole. When I started the program, I was very happy in my corporate role. But my courage and aspirations grew to the point that I took on a whole new direction. Having my career coach, Joanna, as a sounding board allowed me to really be strategic and get to know myself. She coached me thro ugh all the interviews, the research, and the questions. It went in parallel with what I was doing academically and after six months everything just clicked. . I went into the EMBA knowing I had nothing to lose and I’ve come out with everything. Great strength, global friends, amazing learning, mentors from professors, a job I love, and the knowledge that I can set my mind to achieve anything and with the right support and resources I’ll get there.† . Kashani Wijetunga British, New Zealand Sri Lankan Associate Director Senior Strategy Consultant CBRE EMBA Class of 2019 . â€Å"It was now or never. I knew that I’d have likely stayed in my neighborhood for years to come if I didn’t take this opportunity. I’d not lived or studied outside of the U.S. before. So I left my job as a global strategist at an advertising agency and moved halfway around the world. I’ve come back a more culturally aware, well-versed person. I’ve realized that everything is a learning experience and an opportunity for growth. Ill definitely carry this mindset with me into the future. Technology and social media allow us to be different people in several places at once. Im excited to see how I can establish myself in whatever city Ill be lucky enough to call home and still maintain deep connections with people all over the world. I’m inspired by my classmates every day. Hearing some of their life stories and how getting this degree fits into their greater mission has been very humbling. My biggest challenge has been finding the ‘right’ path for me. There have been rooms Ive felt like I shouldnt be in, but now Im proud to feel as though I truly belong, wherever I am.† . Dwayne Logan, Jnr. American MBA Class of 2019 . â€Å"It was now or never. I knew that I’d have likely stayed in my neighborhood for years to come if I didn’t take this opportunity. I’d not lived or studied outside of the U.S. before. So I left my job as a global strategist at an advertising agency and moved halfway around the world. I’ve come back a more culturally aware, well-versed person. I’ve realized that everything is a learning experience and an opportunity for growth. Ill definitely carry this mindset with me into the future. Technology and social media allow us to be different people in several places at once. Im excited to see how I can establish myself in whatever city Ill be lucky enough to call home and still maintain deep connections with people all over the world. I’m inspired by my classmates every day. Hearing some of their life stories and how getting this degree fits into their greater mission has been very humbling. My biggest challenge has been finding the ‘right’ path for me. There have been rooms Ive felt like I shouldnt be in, but now Im proud to feel as though I truly belong, wherever I am.† . Dwayne Logan, Jnr. American MBA Class of 2019 . Happy New Year, Hultians! . Happy New Year, Hultians! .