A Study

Globalization Is one of those couple of marvel we catch wind of constantly and allude we attempt to examinations the effects that globalization has had on the world. With assistance of the absolute best, simple to appreciate models, we attempt to see how with time the business world has gotten progressively intelligent, open and between subordinate in nature and on the off chance that it truly has been agreeable to firms contending in the market. Globalization in business is the joining procedure of the world using worldwide exchanging system.It brings together the nearby and remote markets to make the exchanging much simpler for organizations. In yet different words, we can consider globalization the opening of Increased Inter-connectedness among the nations In the zones of culture, financial aspects and legislative issues. Firms contending In the commercial center have the privilege to pick their alternative and boost their business possibilities by the method of taking an interest internationally. Such procedure subsequently, streamlines the corporate procedure of soliciting materials, creation, promoting and dispersion of items and services.The data System (IS) is very not quite the same as the typical exchanging and hence organizations get partnership easily other than provisions and work powers from that point nations as long as they keep the guidelines set by the worldwide financial specialists including the World Trade Center. (Schools, 2005) Is it not stunning when we flip around an apple I-case and it says, ‘designed In California (US), amassed In China? The garments In our closet, an English brand made with Chinese cotton, sewed by Indian hands, dispatched on a French tanker maintained by Americans to an assembled Kingdom harbor.That's Globalization. The word ‘Globalization' has consistently been crawling on all of us for as far back as we can recollect; nonetheless, it has never been so obvious and affecting until ongoing years. Fake req uirements like levies have become unfettering and the organizations are extending internationally entangling the previously existing serious condition (Change and Park, 2005). It tends to be handily disclosed with respect to how the major idea of rivalry has changed in the businesses in the worldwide economy.This change in itself has a tireless pace and pushing ahead at unsurpassed. In expressions of Williamson (2004), globalization has had such a large number of suggestions to the national economy. It has heightened between reliance among economies on the planet market and nations and truly, their associations as reflected in the information cross fringes, stream of products and ventures and the monetary capital. To put it plainly, globalization is the result of an enormous number of business firms going up against one another in a rising number of worldwide economies.Globalization in obvious sense expands massive open doors for firms contending in the 21st century profoundly serio us scene. In a globalizes advertise, as affirmed by Khan (2006), the money related capital can be gotten from one national market and be utilized to purchase crude materials in a subsequent market. The assembling gear can be bought from a third national market and be sold in one more one or state a fourth market. It has gotten testing to decide the limits of any industry in the current world scenario.Wall-Mart could be a clear guide to help Khan's (2006) see point. Divider Mart is the name, the brand, the worldwide monster which is known world over and have been attempting to accomplish retailing with worldwide evaluating, sourcing and coordinations without getting affected by the worldwide limits. The thought was to have the option to effortlessly move products and have the option to flawlessly utilize the estimating procedures among all its worldwide tasks as it had the option to do in the event of its household stores. Hit 2007) said once that, Wall-Mart is seeking after this sor t of retailing (limit less) on a transformative premise. Also, he was correct when he cited that on the grounds that in the previous scarcely any it has significantly progressively apparent that Wall-Mart has really placed things by and by and held hands with others to make limit less retailing conceivable. How about we depend on another model from media outlets. Headways in broadcast communications and the intelligent PC systems have made the limits of media outlet look obscure and obscure. Systems, for example, CBS, HOBO, Fox and NBC contend among themselves as well as, additionally with Sony and Microsoft and maybe others.It isn't simple any more to characterize the limits of a specific industry and switchover, new industry adventures have gotten increasingly visit. One more significant effect of globalization is the plan, creation, appropriation and adjusting of products and ventures and that is obviously persuading enough to pick up examples. An appropriate model will be Toyota Motor Company. Worldwide contender Toyota Motor Company gives will assist us with seeing how this occurs. Toyota Company's items are sought after universally as a result of its underlying accentuation on item dependability and prevalent client support and support.Barbwire and Mean (2004) made sense of that in light of the fact that the interest for Toyota Motor Company's items, it's serious activities have constrained its worldwide rivals to acquire upgrades their tasks and ingrain unwavering quality and best client care and backing. Also, this demonstration of following Toast's model has changed quality help's idea completely. Practically any vehicle purchased today over the globe, from for all intents and purposes any producer (organization/brand) is of a higher caliber and every one of them expand better ND custom-made assistance bolster which was not actually the situation before Toyota started contending effectively on a worldwide scale.The firms contending in the worldwide ec onomy need to comprehend, taking a gander at the more extensive viewpoint, that globalization has elevated the degrees of execution principles as far as quality, cost, profitability, item presentation time range and operational proficiency which could be alluded to as the supposed serious measurements. Presently, these serious measurements not just influence the organizations contending in the worldwide economy in any case, additionally the organizations contending in the residential markets. What's more, the explanation is Customer Preference'.The client buys structure a worldwide brand as opposed to a residential firm or brand as they realize that the merchandise and enterprises offered by the worldwide contenders are undeniably progressively better than the nearby firms. Globalization has likewise prompted the free development of work and capital subsequent to being perceived as a key wellspring of upper hand and in this manner, firms all around must comprehend the significance o f keeping a superior track of their work power. As Prospers (2005) specifies, the best individuals will originate from, Just about anyplace. ‘ Hence, work power relationship assumes a unique job with the beginning of libations.A blended work isn't in every case simple to oversee and if not given significance to start with things may go astray sometime in the future. A straightforward model would pinpoint the Asian people group, which is large piece of the total populace and a major lump of which works in the west. An excessive number of nationalities and ethnicities cooperating and it takes the correct kind if thinking and wanting to prop the things up. Also, most likely that takes cautious arranging and usage. The business organizations must learn enough to decidedly manage the ground real factors of the current worldwide serious environment.Only those organizations can make better than expected benefits which are equipped for meeting or rather surpassing the current worldwid e gauges. (Fink and Holder, 2005) The term, ‘Global Village' and Increasing Interaction among organizations Emergence of worldwide economy created some intriguing chances. What's more, that is the reason today Europe is the world's biggest single market, rather than USA, with 2005). Globalization History can make contentions of when or where it normally began and who have been the pioneers of globalization yet we know without a doubt this is the current documentations that the world has been experiencing.This new type of business connection and practices regularly alluded to as worldwide town which is drastically changing the business condition and it is valid and profoundly significant, substantial and acknowledged in the present day economy. With the end goal for organizations to develop they should consider bouncing into the globalization difficulties to have the option to contend and pick up pieces of the overall industry. This has been the guidelines of the best business pioneers far and wide in light of the fact that the open door is there to carry various countries and organizations more like one another.Look around numerous foundation and you can locate that universal organizations are all near, Franchising makes business simple to extend everywhere throughout the world that someone in particular who has the ability to set up business from Asia can establishment a business in America and different nations models are Mac Donald, Levis, Seven Eleven, Sarah Lee, Avon and numerous different stores spread far and wide on account of globalization. McDonald's inexpensive food chain can be considered as a genuine case of globalization as evident globalization implies one organization acquiring, assembling and selling in numerous nations and McDonald's does precisely the same.It works in 119 nations and has effectively coordinated every one of its activities universally. There are numerous points of interest in this procedure and any individual who might want to take an establishment business is nearly guaranteed of achievement in view of its image, they have prepared market everywhere throughout the world that has picked up prevalence, franchiser much offer full promoting help that makes your business establishment develops utilizing their versatile showcasing aptitude that they will be shared after diversifying such business. General stores where we purchase are day by day need items; suit every one of those lessens from everywhere throughout the world.Olive oil from Greece, apples from South Africa, wine from France and moreover a huge number of more items from around the globe. Deco's in the I-J, the greatest system of stores in the UK for a model is no such special case and has left

Cyber Criminology Exploring Internet Crimes and Criminal Behavior by K. Jaishankar Example For Students

Digital Criminology: Exploring Internet Crimes and Criminal Behavior by K. Jaishankar Nearly everybody wherever on the planet has either utilized or claimed a PC. In the event that there was an Internet association, at that point they have all been associated together over that medium. Yet, when you are simply perusing the Internet or taking a gander at your decision of web based life website, did you realize that you are getting assaulted by a malware or could be obnoxiously attacked by a person? In Cyber Criminology: Exploring Internet Crimes and Criminal Behavior by K. Jaishankar, he portrays all the manners in which individuals over the world are assaulted regularly by a malware or by an individual, for example, a pedophile. Certain points that will be examined are subcultures in the internet, sorts of programmers/wafers, virtual sex guilty parties alongside pedophiles, advanced robbery, digital exploitation, and legitimate conditions that happen when digital wrongdoings have been submitted. We will jump profound into the mysteries behind these assaults, the expla nations behind them, and insights taken from specialists to show who perpetrates these violations and why they did as such. In the primary segment of Cyber Criminology, is the topic of people leaving from satisfactory gauges of what one typical individual would take and the subculture behind these individuals in the internet. The Internet is utilized for individual increases or obliteration of others by individuals depicted as programmers, web lawbreakers, and digital fraudsters. One specific kind of people who do this that were taken in an examination are individuals from Nigeria, and are known by the name of yahooboys (Adeniran Jaishankar, 2011, p. 4). Yahooboys comprises of chiefly little fellows and young ladies whom utilize the Internet to participate in crime (Adeniran Jaishankar, 2011, p. 4). A portion of the crimes they attempt to achieve are tricks, selling bogus products or benefits, and hacking into people’s records and PCs (Adeniran Jaishankar, 2011, p. 4). As portrayed by Jaishankar and Adeniran, â€Å"the yahooboys do these crimes as a cafã © culture† (Adeniran Jaishankar, 201 1, p. 4). Destitution is exceptionally high in Nigeria, so these yahooboys look to spend their lives online so as to con or stunt individuals so as to cause a pay for themselves so they to can attempt to get away from neediness in their nation/town (Adeniran Jaishankar, 2011, p. 4-5). The three principle perspectives that impact the development and populace of yahooboyism are the political government, the financial matters, and social variables of Nigeria (Adeniran Jaishankar, 2011, p. 4-5). The political government in Nigeria is extremely degenerate, which makes it hard for the people who live there to bring in cash for themselves so as to escape neediness. The financial aspects and social highlights fall connected at the hip with the debased political government, for it is difficult to get a nation together and developing when the administration is attempting to overwhelm all the individuals with its capacity to get relentless. With the administration being undermined for what it's worth, this would lead the individuals to feel that â€Å"cafã © culture† would be satisfactory and permits an ever increasing number of individuals in Nigeria to join into this way of life of Internet hacking/tricks (Adeniran Jaishankar, 2011, p. 5-6). So as to fix this, the administration needs to improve guidelines on the Internet, they have to make exceptional projects/exercises for the adolescent to keep them off the Internet, and to provide joblessness checks so as to make deba sement and hacking ugly (Adeniran Jaishankar, 2011, p. 11-12). One type of Internet wrongdoing doesn't include hacking/breaking, yet needs to manage individuals utilizing the Internet to look for sexual contact with kids. These individuals are known as kid predators, or on the web they are known as â€Å"travelers† (Young Jaishankar, 2011, p. 53). Jaishankar and Young expressed that the FBI states, â€Å"They open six new cases for kid predators consistently. There is a guilty party captured regularly in the United States and most wrongdoers are in the upper-pay class and are well behaved residents (aside from for this situation of being blamed for being a kid predator)† (Young Jaishankar, 2011, p. 53-54). In an investigation of individuals sentenced for being a youngster predator, the people didn't have a criminal record or sexual history with kids (Young Jaishankar, 2011, p.56). In this examination, the accompanying outcomes were accomplished: Clients ages ran from 34-48, 58 percent were office laborers, 17 percent were hands on laborers, 15 percent were jobless, and 10 percent were on incapacity (Young Jaishankar, 2011, p. 56). The examination demonstrated that at the hour of capture of these youngster predators that the accompanying data was acquired from them: 47 percent had discouragement or uneasiness, 39 percent had liquor addiction or medication reliance, 19 percent had a sex dependence, and 10 percent had a background mark ed by sexual maltreatment (Young Jaishankar, 2011, p. 56). With kid predators comes youngster sex entertainment on the Internet. Youngster erotic entertainment is turning out to be progressively known and all the more wide spread on the Internet today for the way that it is more earnestly to get who is setting up the photos of the kids and who is seeing them. Presently they have these online networks where individuals can jump on to discuss or to youngsters in a sexual manner and pull off it. They can pull off it for the way that they have this â€Å"wall† of a PC screen to hole up behind, and furthermore these networks can say they are simply imagine and it is all only a dream, not genuine in light of the fact that clients need to check they are 18 years or more seasoned to be on the site (Young Jaishankar, 2011, p. 62). Hence it is getting more enthusiastically to convict numerous youngster predators on the web, except if they can get solid proof of them attempting to meet an individual younger than 18 years. To return and portray individuals utilizing the Internet for their very own and monetary benefits, the best individuals from this are known as â€Å"hackers† and â€Å"crackers.† The terrible programmers are more known for being called wafers than programmers. Awful programmers consider themselves to be skilled individuals and do the things they do in light of the fact that they were terrible individuals since they were youngsters (Turgeman-Goldschmidt Jaishankar, 2011, p. 40-41). They would prefer consistently not to take something for somebody, some of the time they simply prefer to flaunt their PC hacking aptitudes or do what the administration won’t to certain people (Turgeman-Goldschmidt Jaishankar, 2011, p. 41-42). For example, doing a disavowal of administration assault to somebody that is degenerate in light of the fact that the legislature will do nothing about it so they have an inclination that they are carrying out a responsibility for the nation. Som e terrible programmers are in some cases called phreaks or privateers. Phreaks are programmers who get somebody else’s Visa number or they use innovation to abstain from getting charged for significant distance calls (Turgeman-Goldschmidt Jaishankar, 2011, p. 32). Privateers are individuals who wrongfully procure and circulate copyrighted programming. The great programmers are referred to just as programmers; at any rate they were the point at which that was a vocation back a couple of years prior. The more established/great programmers hacked into frameworks so as to see the powerless focuses, at that point telling the organization so they can improve their frameworks for their clients (Turgeman-Goldschmidt Jaishankar, 2011, p. 38-39). In an investigation of good programmers, the accompanying data was acquired: Many were youthful, taught, single, procuring better than expected salary, and where of either European or American birthplace (Turgeman-Goldschmidt Jaishankar, 2011, p.35). Not every single great programmer did this as an occupation and a wellspring of pay, fairly some of them did it as a leisure activity and for more prominent's benefit of others (Turgeman-Goldschmidt Jaishankar, 2011, p. 39). Tony Kushner: Angels In America EssayWhen you return to the â€Å"big picture† of digital wrongdoing, it really influences everybody that has a PC and an Internet association. Out of a large portion of the people who get hacked, the most influenced are banking and money related enterprises, where PCs send and get reserves/business exchanges every day (Choi Jaishankar, 2011, p.230). There would be more proof and studies on the best way to help stop certain assaults, yet most assaults go undetected or are not detailed by any means (Choi Jaishankar, 2011, p.230). Violations on a PC can be isolated into two unique classifications: digital wrongdoing and PC wrongdoing. Digital wrongdoing is a wrongdoing that includes PCs and organizes and doesn't depend entirely on PCs (Choi Jaishankar, 2011, p.230). PC wrongdoing is the point at which a programmer requires no unique PC aptitudes; they can experience either visit rooms, MSN, or email. They should simply to pick up your trust or stu nt you to get towards your significant data for their very own benefits (Choi Jaishankar, 2011, p.230). There is another subject of digital wrongdoing which is like an online predator, yet not exactly in a similar classification. They are called Internet Stalkers, and are turning out to be increasingly more pertinent with online life locales getting progressively well known. Yet, there is something many refer to as the Routine Activities Theory, where three components must be available all together for a wrongdoing to happen. The three components are as per the following: introduction to propelled wrongdoers, a reasonable objective, and absence of skilled guardianship, these are tried to check whether youngsters are protected on the web (Marcum Jaishankar, 2011, p.254). Much of the time, the individual is reached with undesirable discussion, in which makes the individual awkward and abused (Marcum Jaishankar, 2011, p.254). These Internet stalkers can likewise become Internet menaces and hassle a person for reasons unknown they look for. With the entirety of this continuing for an indiv idual, the casualty may dread to go online again or to try and go out in the open on the off chance that they feel their life is in harm's way. There has been an endeavor to make digital harassing and digital following illicit under the Stalking and Domestic Violence Act that was started in Reno of the year 1999 (Pittaro Jaishankar, 2011, p.295).

How to Raise Funding from Business Angels

How to Raise Funding from Business Angels If you are an early stage business or startup which is seeking equity to grow your business, then angel investors can become the most significant source of funding for you. There are many groups, as well as individuals, who are willing to invest in startup opportunities that show great promise and growth potential.Such investors carefully research and study your business plan before investing. What they actually do is monitor your progress and find a way to exit the deal later on after getting some meaningful profits. An angel investor can be a great source of investment after you have checked with your friends, relatives or other financial institutions. © Shutterstock.com | Khakimullin AleksandrIn this article, I will explore 1) an introduction to business angels, 2) what you can expect from business angels, 3) what angel investors look for, 4) how to raise funding from business angels, 5) where to find business angels, and 6) a conclusion.INTRODUCTION TO BUSINESS ANGELSMost often, angel investors are rich people who fund startups in return for a certain percentage of the company. Some angel investors also play an active role in running the investee business. The return on their investment might be 2 to 40 times what they expect to get in 3 8 years’ time. There are angel investors who quietly provide you with just the capital necessary to run the business, whereas others might become active advisors or sit on your company’s board.There are mainly six different types of angel investors:A virgin investor is one who has not yet invested in any businesses.If a person has not funded a business in the last 36 months, he is known to be a latent investor.Experienced investors who fund businesses solely for the sake of profit are known as wealth maximizing investors.Entrepreneurs are investors who normally invest in a business as an alternative to investing in the stock market, or simply invest for the sake of entrepreneurship.Income seeking investors are those who invest to get a job or extra income.Corporate angels are investors who demand majority stakes in the company if they have to fund it. These are often working in large organizations and companies.Typically, business angels have already made a lot of money through other business ventures. It is also pertinent to note that most angel investors are men 45 65 years old. However, a huge number of investors in the technology sector are relatively younger.How Is a Business Angel Different from a Venture Capitalist?Against common perception, angel and venture investors are totally different from each other. In fact, there are some major differences between the two. For instance, business angels are mostly individuals investing their personal money as compared to venture capitalists who invest on the behalf of an organization or fund. Most often, these organizations use other people’s money to invest in your business. Venture capitalists offer investors a chance to create a fund to raise the money to buy shares in a private company.An angel investor may not be able to invest as much as a venture capitalist because the former is using his own money whereas the latter is using others’ money. Similarly, their capacity to absorb risk also depends upon how much they are able to invest in any startup.Statistics about Business AngelsBusiness angels are the best source of investment if you are looking to obtain company finance of £10,000 to £250,000. They also expect an average annual return of at least 20 30% per annum. In comparison, venture capitalists invest in only 1,500 companies each year whereas angels invest in 55,000 startups on average. Most importantly, angels invested $3 billion (15%) more than venture capitalists in startups last year. Venture capitalists invest in only 0.25% companies that apply for funding. On the other hand, business angels fund 2.5% of businesses they review on average.The total number of qualified accredited investors exceeds 3.9 million people. More than two hundred thousand people invested in startups during the last two years. You must try to reach all of those 200,000 investors because your business is most likely to get funded by an individual angel rather than a group. Remember that less than 10% of angels belong to groups and not all of them are qualified investors as well.WHAT CAN YOU EXPECT FROM BUSINESS ANGELS?Angel investors earn approximately two hundred thousand dollars ($200,000) per annum in terms of salary, or their net worth is more than one million dollars.The following lines explain what you can expect from these angels in terms of business investment.Typical Ran ge of Funding: As mentioned above, angel investors invest their own money. The average deal size is around $500,000 regardless of which stage of development your business is in. Most individuals like to invest in telecom, healthcare, information technology, consumer products, electronics, energy and utilities, and similar businesses. A vast majority of investors also like to withdraw from your business after achieving their expected return on investment. It is up to you to propose a strategy that will help them exit without any hassle. Angel investors have many exit options at their disposal, but they also expect you to make the exit easy and profitable for both parties.Return Expectations of Business Angels: The angel’s primary motive is to earn considerable profits by selling his stakes within 3 to 8 years of funding your organization. A startup always incorporates risks and, therefore, they normally expect to obtain a 30 40% ROI (return on investment). However, as compared to a loan, you would not have to return the money to the investor if your business somehow fails. It is also pertinent to note that business angels are entitled to 10% of the company’s value as well.Contacts and Expertise of Business Angels: Most angels are active participants in investee business matters and, therefore, also bring their wide range of experience, expertise and contacts to a new setup. As a matter of fact, an angel’s resources and insight can become an invaluable asset for any business. They can also use the contacts made during their long career as an entrepreneur to bring more credit and venture capital funding as well as new customers and partners.Personal Relationships between Entrepreneur and Angel Investor: No one can deny the importance of establishing good relations with angel investors. In this regard, open and honest communication with them is crucial for your success. You must only approach those investors who have solid experience in your particular indu stry and structure your business deal in order to meet their requirements. The relationship between you and the angel is a long term commitment where mutual trust plays an important role. Both of you bring your individual qualities, expertise and experience to the table but if you are not honest with each other, you are not going to succeed.WHAT DO ANGEL INVESTORS LOOK FOR?Most angel investors happen to be successful and experienced entrepreneurs themselves. Therefore, they have good insights into the minds of other businessmen who request them to fund their business. There are many things angels look for in a startup, and some of them are explained below.People Involved in the BusinessThe first thing you need to keep in mind that angels do not invest in your business idea, but in the people at your disposal. That is why they like to collaborate with the people who can be vetted or someone that they know. This does not only build mutual trust, but establishes credibility as well. It is always imperative for you to include rock stars with a proven track record in your team, whether it is co-founders or employees. This is because angels work directly with the team, and a good team will help everyone get along nicely.Furthermore, angels scrutinize the leadership or entire management of the new startup. They like to work with a team that has a tremendous record of delivering goals on time and in a cost effective manner. Similarly, they also want to determine whether the management is capable of handling all the responsibilities that are part and parcel of a startup or not.Therefore, if you want to make an impression on angel investors, your team should boast years of experience and credibility. It is your team that actually wins an angel investor, not your idea.Great Business IdeaHaving only a business idea can’t help you to get investment from angels. You need to propose a complete and clear business plan in order to leave an impression. You have to put everyth ing in black and white, including the business model, what the potential problems are, what the market is like and how stiff the competition is. Similarly, you should also explain how your product is superior to that of competitors’ and how the investor himself will make money.You are destined to fail if you do not have a good business plan, and every investor is aware of this fact. However, it is also foolish to think that success is guaranteed only if a business plan is in place. It simply illustrates that there is an opportunity to leverage upon. Also, make sure to vet your plan through crowdfunding, surveys and market research to make your application more authentic.HOW TO RAISE FUNDING FROM BUSINESS ANGELSFollowing is a step by step process on how to raise funding from business angels.Step 1: Identify Your GoalsFirst and foremost, you must clearly identify what your business goals are and what you want from business angels. Decide if you only want them to fund your startup or if you would like them to bring in their expertise, experience and contacts to the board as well. The industry in which you are operating is also important as certain angels are inclined to invest in certain industries. You also have to make them realize that their money will help you achieve your goals and it will be put to good use.Step 2: Do Your HomeworkYou should prepare vigorously before approaching any business angel. It is advisable to make a prototype of your website or products, land some customers and get their feedback before looking for investments. Moreover, try to make your presentation as pretty as possible. Tell a convincing and interesting story and make the investors pay attention to what you are saying. You also have to make an impressive business plan, and financial calculations should be accurate as well. Be prepared to answer unexpected questions and never give an impression that you are losing control.Step 3: Create a Long List of Business AngelsYou will def initely increase your chances of success if you identify angels who are suitable for your startup. You can ask them questions like how much they usually invest, what they look for in a company and what their expected return on investment is. Moreover, you must also concentrate on your industry while pitching business angels because they like to invest in industries they have prior knowledge about.Step 4: Network and Make ConnectionsYou need to make as many connections as possible as a business owner. Some investors decide whether to fund your business or not after reading your plan, but a majority of them prefer applicants that are referred by their friends, relatives, colleagues, peers, business associations and renowned professionals in their respective fields. Similarly, it is also a good idea to regularly attend angel clubs’ meetings and venture capitalist conferences to explore more investment opportunities.Step 5: Be Honest and TransparentIt is difficult to be honest at all times, but this is one thing that really matters. No investor will ever write you a check if he thinks that you are telling a lie. Never try to cover up your dirty laundry, but instead reveal it yourself. Explain everything about yourself to the business angels and never ever hide anything which can create complications if discovered later on. If you are dishonest, you are not only betraying your self-doubt but also setting a bad tone for your relationship with the business angel.Step 6: Always Expect a NoIf you are a business owner looking for someone to fund your company, you will hear ‘no’ more often than you will hear ‘yes’. However, you must never lose your patience and should always be gracious and respectful to investors. This is important because they are not the only people who could fund your business, and this may not be the last time you are asking for investment. You will raise your esteem in the eyes of an investor if you respond graciously, and sometimes it al so makes them question their decision.Step 7: Choose a Business Angel CarefullyYou should always be careful and choosy when it comes to deciding whom to get funding from. You must get as much information as possible about the angel and why he is funding your business. Similarly, you need to have good idea about his expectations regarding his return on investment. Before getting money from them, find out how much added value they can bring to your business. Always remember that experience and knowledgeable angels with a wide range of connections can help you kick start your business in no time at all.Step 8: Always Inform Your Business Angel about Your Next StepNo matter how your company is doing, you must keep your angel informed about the latest developments. Again, you have to be honest with your business angel. Always inform the angel about your future plans as well as the outcome of those plans. You can use different methods, most important of which are emails, phone calls and w eekly and monthly letters, to contact angels on a regular basis.WHERE TO FIND BUSINESS ANGELSBusiness angels nowadays are young entrepreneurs as well as more traditional businessmen who want to invest in promising and fast-growing startups. There are many places where you can find angel investors. For example, in the USA there are many large angel investment groups in the likes of Ohio Tech Angel Funds, Tech Cost Angels and Investors’ Circles, etc. You can get a complete list of the largest angel investor groups in the USA on the Angel Capital Association website.In the UK, there are many business angel groups and individuals such as Addidi Business Angels, Advantage Business Angels, Angel Academy and Angel Investment Network from which you can easily get money for your business. Similarly, iNovia Capital, Extreme Startups, and Version One Ventures are some of the top angel investor groups in Canada.There are also a number of business angel groups and individuals working in Austra lia. In this regard, Australianinvestmentnetwork.com is a great website to find business angels in Australia. Similarly, Australian Association of Angel Networks is another great source to look for good business angels.It is also quite convenient to find business angels in other countries such as India, Brazil, and Germany. There might be many angel investor groups and individuals present around you. You just need to do some research, make some connections, and you will ultimately come across an angel who is willing to invest in your business.CONCLUSIONYou can make a big leap forward if you can convince business angels to fund your business. You can raise a considerable amount of money as more and more groups and individuals are willing to invest huge amounts in startups and even established businesses. Similarly, business angels can also provide you financial support after the first round of funding. In simple words, business angels cannot only support you financially but can also offer years of industry knowledge and experience to get your business started and thriving.

Civil Wars vs Terrorism - Free Essay Example

Sample details Pages: 6 Words: 1890 Downloads: 1 Date added: 2019/05/08 Category History Essay Level High school Tags: Civil War Essay War Essay Did you like this example? Civil Wars vs Terrorism Civil wars occur a lot more than most may think, and with as much media coverage that there is nowadays, it doesnt seem rare anymore to have a terrorist attack. These are two very sad events. A civil war is defined as a war in which the main participants are within the same state, such as the government and a rebel group (pg. Don’t waste time! Our writers will create an original "Civil Wars vs Terrorism" essay for you Create order 237 of textbook). Terrorism is defined as the use or threatened use of violence against noncombatant targets by individuals or nonstate groups for political ends (pg. 264 of textbook). Civil wars and terrorism do not appear to be the same on the outside, but with further digging, it is easy to see how the two might go hand-in-hand. These two groups definitely have their differences, but they share very similar characteristics during bargaining failure. In civil wars, most of the time, there is a rebel group fighting against the government. There may also be a rebel group fighting against another rebel group with a different ideology. Scholars say that in order for a war to be considered a civil war there must be at least 1,000 deaths related to the war, and the deaths have to be made up of both sides. Therefore that means that a tyrant ruler can not poison their civilians and kill 1,000s and call it a civil war. From 1945 to 1999, interstate wars were responsible for the deaths of 3 million people, while civil wars killed more than 16 million (pg. 237 of textbook), civil wars can be extremely costly for civilians. A main cause of civil war is a group using violence to fight for, typically, a political interest. Sometimes, foreign countries will get involved and help a rebel group because they share the same ideology. For example, a foreign country may send aide through money, resources, troops, training, or sometimes even sanctuary. A foreign country getting involved in a civil war can get very complicated. Another negative impact of a civil war is there may be a lot of refugees trying to flee the country and move into another country. That problem in itself creates a domino effect of problems with it. This can create a burden for neighboring states that feel like they have to bring these people in. There is typically a crime and conflict increase that come with the people as well. Since there are many factors that influence foreign states, the United Nations describes civil wars as threats to international peace and security. Because of this, they can send peacekeepers to try and intervene when necessary. The textbook says, of the 69 peacekeeping operations by the UN in 1948-2014, 39 were conflict within one state and 12 were for both international and civil dimensions. This shows that even thou gh a civil wars physically occurs in one state/country, does not mean that it only involves that state, many foreign sides can get involved. If rebelling against a government causes this much death and controversy, then why do it? Typically, rebel groups have had enough of social injustice within their country. Rebel groups can be created through people having similar interest when their economic or social-well being is harmed. They have three options: try to leave the state, change the states policies, or try to take over the state. This obviously creates a lot of conflict in territory, policy, and regime. When a rebel group wants to own their own land from the territory, they are called Separatists. This will take place when a group thinks they can do a better job of governing themselves than the current government they are under. On the flip side, rebel groups are called irredentist if they want to take a piece of territory and attach it onto another country. This will happen when a neighboring country has the same beliefs that the rebel group may be fighting for. For example, this happened in Great Britain when there was decades of conflict with the Catholic group of Northern Ireland. This group wanted to join with the rest of Ireland because they were alike, as they were majority Catholic. These groups are motivated by their greed or grievances. They try to persuade the government by sometimes using violence to get what they want, or they may try to take over the government altogether. Sometimes countries have problems maintaining people who are unsatisfied with their country. The groups who are unhappy either get a start from a popular fan base, someone who has a lot of money, or someone who is high up in the government. There are three factors that rebel groups use to form and to take action. The first factor is the group explanation. This means that a group who strongly shares the same views tend to trust each other better, which can make them more powerful and harder to control. Another factor is at the country level. The way the country typically handles their conflict can tell a lot about how a rebel group may handle conflict. If a country normally handles things violently, a rebel group is more likely to handle things violently as well, and vise versa. At the country level, money is also another factor. In a poorer country, they have more reason to be unhappy than richer countries. Richer countries can also afford a better defense, which may discourage rebel groups from trying to take it over. Finally, the last factor to civil war is internationally. There are international factors because a foreign country may agree with a rebel side and try to help them. This can create a proxy war. A proxy war is when two foreign countries fight because they side with two different sides in a civil war. For example, this happened during the Cold War. China and the Soviet Union supported Communist rebels and the United States supported rebels in Pro-Soviet Union governments. While there are many factors into civil war, there are also many factors into terrorism that differ. The main difference between terrorism and civil war is that terrorists want to instill fear into the civilians while rebel groups are fighting for what they think is right. Another difference is that terrorism can happen internationally. Although terrorism is most common in its host state, it is not uncommon in foreigns states either. Terrorist groups are typically much smaller and less centrally governed than rebel groups, which means they are less capable of starting a civil war. Terrorist groups are very dangerous and violent and can make recruiting for them very hard. They are considered extremist and this means that their views and the way they carry them out are not so popular. They will randomly attack businesses and diplomatic missions, for the most part. For example, Al Qaeda during 9/11 targeted the Pentagon, World Trade Center, and the White House. Terrorist groups are very extreme and will match that with their extreme actions. There are some differences between terrorism and civil wars/rebel groups as discussed, but there are also similarities. The main similarity is that they result from a bargaining failure. There are three bargaining failures that help civil wars and terrorism occur. The bargaining failures for both groups come from incomplete information, commitment problems, and indivisibilities. Incomplete information means that either the government or the group did not have all the correct information to respond in the right way. A big part of incomplete information for both these groups is typically the government does not know the actual size of the rebel/terrorist group they are going up against. Terrorist groups tend to over exaggerate their size. This can lead to their threats not being so credible. For example, there were plenty of signs from Bin Laden about 9/11, but they were not taken very seriously because there were other more credible threats that the FBI was dealing with. Another difference between these two groups and incomplete information, is rebel groups are more likely to communicate what they want than terrorist groups. Terrorist typically act on surprise and very unpredictable. Incomplete information occurs in both of these groups. Another factor they share is the commitment problems between these groups and the government. Disputes of these extremes can be very hard to solve and can create a long and costly war. If it happens to get to the point where they can talk out an agreement, a big problem still allies. How does the government know the rebel/terrorist group will be truthful and really lay down their arms and vice versa? How do these groups know the government wont take severe action after theyve laid down their arms? A government is going to want these groups to disarm and demobilize. The groups are going to want the government to agree to give them what they want. These disputes rarely end in a peaceful manner. Typically, one side will completely fight for what they want and win it all. Since the rebels and terrorists have no central power this makes them weak for negotiations. They can not be sure that every member of the group will obey them. There may be people in the group who refuse to lay down th eir arms even if peace is settled. That could create another rebel/terrorist group and take everything back to square one. This can create commitment problems. The third factor that these two groups have in common is their bargaining failure through indivisibilities. This seems to be the toughest of the three, because sometimes the reason the groups are fighting are for undividable causes. For example, a group may be fighting for a certain religion and that is very hard to negotiate. This is why suicide bombers do what they do, they show the government that they would rather give up their life for what they believe in than to give up what they are fighting for. This puts the government in a sticky situation, because if they give in to just one group who is fighting for what they believe in, it could encourage other groups to then try and fight for what they believe in also. This shows the government as very weak for easily giving into a group. There is a great example of this that occured in Russia. Russia fought in two extremely costly civil wars because the Chechens wanted to break away from them. There would have been less of a cost to R ussia if they would have just let them go. However, there are more than 100 cultures in Russia and if they were to let the first group go easy, that could have influenced the other cultures to do the same. Indivisibilities are the hardest part for the government, but they are where rebels and terrorists are greatly alike. Civil wars involve rebel groups and terrorist attacks involve terrorists. A main difference between the two groups is rebel groups are fighting for a cause in their own country and may be more willing to peacefully agree with a government. A terrorist group on the other hand is going to attack civilians and use surprise violence to try and achieve what they want. Both groups do not have a central power so they can be a little sloppy. They both have similarities with the three bargaining factors. After further digging, the differences and similarities between the two events can be made clear.

Movie Theater The Film Theater - 1645 Words

Throughout history, humans have always been able to connect over one thing: entertainment. Whether it is music, theater, or art, entertainment has always been able to help people cope with their lives and make sense of the world around them. In the early 1900s, a new type of entertainment emerged, the motion picture. The first movie theater opened in 1905, in Pittsburgh and showed short films. Since then, films have been a huge part of society. However, what made films so successful, was where they were being showed. The movie theater gave a certain magical touch to the movie that encouraged everyone to come see a film for themselves. In Chicago especially, movie theaters were extravagant and ornate, and were referred to as â€Å"Movie Palaces† because they were so grand. The importance of movie theaters throughout history is a topic which exhibits all three E’s in Chicago for the 2015-2016 Chicago National History Fair. 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Dissertation on Retention Free Essays

Management Decision Emerald Article: A reconceptualization of mentoring and sponsoring Earnest Friday, Shawnta S. Friday, Anna L. Green Article information: To cite this document: Earnest Friday, Shawnta S. We will write a custom essay sample on Dissertation on Retention or any similar topic only for you Order Now Friday, Anna L. Green, (2004),†A reconceptualization of mentoring and sponsoring†, Management Decision, Vol. 42 Iss: 5 pp. 628 – 644 Permanent link to this document: http://dx. doi. org/10. 1108/00251740410538488 Downloaded on: 26-10-2012 References: This document contains references to 54 other documents Citations: This document has been cited by 7 other documents To copy this document: permissions@emeraldinsight. om This document has been downloaded 1621 times since 2005. * Users who downloaded this Article also downloaded: * David Clutterbuck, (2004),†Making the most of informal mentoring: A positive climate is key†, Development and Learning in Organizations, Vol. 18 Iss: 4 pp. 16 – 17 http://dx. doi. org/10. 1108/14777280410544574 (2004),†Review articles Getting the best out of workplace mentoring: More help for the helper†, Development and Learning in Organizations, Vol. 18 Iss: 5 pp. 20 – 22 http://dx. doi. org/10. 108/1 4777280410554979 Sandy Bond, (2011),†Barriers and drivers to green buildings in Australia and New Zealand†, Journal of Property Investment Finance, Vol. 29 Iss: 4 pp. 494 – 509 http://dx. doi. org/10. 1108/14635781111150367 Access to this document was granted through an Emerald subscription provided by ROBERT GORDON UNIVERSITY For Authors: If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service. Information about how to choose which publication to write for and submission guidelines are available for all. Please visit www. emeraldinsight. om/authors for more information. About Emerald www. emeraldinsight. com With over forty years’ experience, Emerald Group Publishing is a leading independent publisher of global research with impact in business, society, public policy and education. In total, Emerald publishes over 275 journals and more than 130 book series, as well as an extensive range of onl ine products and services. Emerald is both COUNTER 3 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. Related content and download information correct at time of download. The Emerald Research Register for this journal is available at www. emeraldinsight. com/researchregister The current issue and full text archive of this journal is available at www. emeraldinsight. com/0025-1747. htm MD 42,5 A reconceptualization of mentoring and sponsoring Earnest Friday Department of Management and International Business, College of Business Administration, Miami, Florida, USA 628 Shawnta S. Friday and Anna L. Green School of Business and Industry, Florida A University, Tallahassee, Florida, USA Keywords Mentoring, Career development Abstract Mentoring is highly regarded as a career-enhancing phenomenon necessary for any aspiring executive. Several debates within the literature have led to a lack of consistency regarding the de? nition of mentoring and a mentor, the functions of a mentor, and the various types of mentoring. It appears that much of the confusion stems from the relationship and association of mentoring with the concept of sponsoring. Within the majority of the literature regarding developmental relationships, sponsoring has been posited to be a sub-function of mentoring. This paper presents two arguments for viewing and examining mentoring and sponsoring as distinctly different, non-mutually exclusive, and possibly concurrent phenomena, as well as offers universal de? nitions for both terms. This delineation is offered to aid aspiring executives in their decision making process as to whether to select a mentor, a sponsor, or both. Management Decision Vol. 42 No. 5, 2004 pp. 628-644 q Emerald Group Publishing Limited 0025-1747 DOI 10. 108/00251740410538488 Introduction Mentoring is an enduring and dynamic phenomenon, which dates back to ancient Greece when Odysseus entrusted the eponymous character, Mentor, with his son, Telemachus thousands of years ago in Homer’s Odyssey (Friday and Friday, 2002). The term â€Å"mentoring† has surged into the literature in many disciplines (e. g. , sociology, socia l psychology, education, management, social work, healthcare management, etc. ) over the last several decades. Mentoring emerged in the organizational literature in the late 1970s (e. g. Clawson, 1979; Collins and Scott, 1978; Kanter, 1977; Phillips, 1977; Roche, 1979; Shapiro et al. , 1978). Since that time, hundreds of books and articles (popular press, practitioner-oriented, and academic) have been published on mentoring in various organizational settings alone, not to mention other settings in which mentoring has been examined (e. g. , teaching, nursing, social work, etc. ) (Kelly, 2001). Published works in the organizational literature on mentoring have been anecdotal, conceptual, and empirical; and several journals have dedicated special editions to mentoring. By and large, these published works have highlighted the overwhelming perceived bene? ts (e. g. , increased mobility, promotion opportunity, and total compensation), and minimal perceived drawbacks of mentoring (Campion and Gold? nch, 1983; Kelly, 2001; Scandura, 1992, 1998; Whitely et al. , 1991, 1992). Hence, mentoring has been proclaimed as one of the key career development and advancement tools in the organizational milieu over the last decade (Simonetti et al. , 1999). In the organizational literature, Kram’s (1980) work has been viewed as one of the most comprehensive treatments of the mentoring concept (Scandura, 1998). It is implicit in Kram’s (1980, 1983, 1985) works that she explored naturally occurring, informal mentoring relationships. Consequently, the functions and phases of mentoring that she inducted pertain primarily to informal mentoring. Based on her ? ndings, Kram (1980) suggested that mentors provide career support (sponsorship, exposure-and-visibility, coaching, protection, and challenging assignments) and psychosocial support (role modeling, acceptance-and-con? rmation, counseling, and ? ? friendship) to their proteges. She also suggested that mentorships (mentoring relationships) move through four phases: ? (1) initiation (the mentor and protege admire, respect, and trust one another); ? ? (2) cultivation (the protege develops competence and con? dence from the career and psychosocial support provided by the mentor); ? ? (3) separation (the paternalistic relationship between the mentor and protege changes, which may lead to non-positive affective experiences for both, because ? ? the protege has become more independent and empowered); and ? ? (4) rede? nition (the mentor and protege’s relationship is reshaped to meet more collegial needs) (Kram, 1983). A canvassing of published works examining organizational mentoring suggests that as far back as the early 1980s (e. g. , Campion and Gold? nch, 1983; Hunt and Michael, 1983) and as recent as the early 2000s (e. g. , Higgins and Kram, 2001; Kelly, 2001) a lack of consensus on the de? nitions of mentoring and mentor has been articulated in the literature (Chao, 1998; Kelly, 2001; Lawson, 1996; Minter and Thomas, 2000; Noe, 1988a, 1988b). Hence, research on organizational mentoring has been criticized for not being conceptually well grounded (Gibb, 1994). An examination of over 200 practitioner and academic journal articles in the ? ld of management alone revealed that most de? nitions in the literature of mentoring, stated or implied, include sponsor or sponsoring as inherent in mentoring (e. g. , Campion and Gold? nch, 1983; Kram, 1983; Noe, 1988a, 1988b; Turban and Dougherty, 1994; Whitely et al. , 1991), while some do not (e. g. , Covaleski et al. , 1998; Hunt and Michael, 1983). Si milarly, most de? nitions of mentor (stated or implied) within the literature include sponsor or sponsoring in the de? nition (e. g. , Higgins and Kram, 2001; Scandura, 1998; Whitely et al. , 1991), while some do not (e. g. Hunt and Michael, 1983; Scandura and Schriesheim, 1994). Interestingly, some researchers did not directly state a de? nition of mentoring or mentor in either their survey or interviewing of participants (Phillips-Jones, 1982; Whitely et al. , 1992), thus allowing participants to draw on their own intuitive understanding of the mentor and mentoring concepts (Ragins and Cotton, 1993). However, other researchers did provide a de? nition of one of the concepts (mentor or mentoring) even though they recognized that the participants are still likely to draw on their own intuitive understanding of the terms (Chao et al. 1992; Ragins and Cotton, 1993). Still, given this lack of consensus on de? nitions for mentoring and mentor, researchers and practitioners alike have co ntinued to examine and explore various facets of mentoring. Those various facets include mentoring functions (e. g. , Kram, 1980, 1983), mentoring phases (e. g. , Kram, 1980, 1983), types of mentoring (e. g. , Burke and McKeen, 1989; Chao et al. , 1992), potential bene? ts of mentoring (e. g. , Fagenson, 1989; Scandura, 1992; Whitely et al. , 1992), potential drawbacks of mentoring (e. g. , Ragins et al. 2000; Scandura, 1998), diversity in mentoring (e. g. , Ragins, 1997; Ragins and Scandura, 1994; Thomas, 1993), and mentoring alternatives (e. g. , Higgins and Kram; Kram and Isabella, 1985). While many researchers have articulated the idea that the operational de? nitions of mentoring and mentor have varied considerably within Mentoring and sponsoring 629 MD 42,5 630 the last several decades, with some encompassing sponsorship or sponsor (Chao, 1998; Higgins and Kram, 2001; Mullen, 1998), two of those major researchers have argued that mentoring needs to be reconceptualized (Higgins and Kram, 2001). Hence, two arguments for reconceptualizing mentoring are offered: (1) the lack of clarity and consensus on the de? nitions of a mentor, the process of mentoring, and the role of sponsoring; and ? ? (2) informal and formal proteges tend not to always receive career support, speci? cally sponsoring from their mentors (Bahniuk and Kogler Hill, 1998; Chao et al. , 1992; Noe, 1988b). Thus, the aim of this paper is to reconceptualize mentoring and sponsoring, and to offer them as distinctly different concepts, rather than viewing sponsoring as an inherent sub-function of mentoring. Therefore, it is posited that the reconceptualization of these two terms (mentoring and sponsoring) may bring much needed clarity and consensus to the organizational mentoring literature. It is also posited that this reconceptualization will provide aspiring executives with new knowledge to use in their decision making process as they select individuals to help them advance their careers. Mentoring and sponsoring – argument one Dalton et al. ’s (1977) theory of professional career development distinguished between mentor and sponsor, suggesting that an individual becomes a sponsor after being a mentor. On the other hand, Levinson et al. 1978, p. 97) viewed â€Å"a mentor as. . . a teacher, advisor, or sponsor†. These assertions would lead some to believe that the terms mentor and sponsor are confusing and overlapping (Campion and Gold? nch, 1983). As a result, the following question arises: has mentoring been used as a â€Å"catch-all† term? The answer wou ld appear to be yes, given that the following terms have been used to describe a mentor in the organizational literature: guide, host advisor, sponsor, role model, teacher, protector, invisible godparent, friend, coach, counselor, patron, exemplar, benefactor, and advocate (Kelly, 2001; Pittenger and Heimann, 2000). Yet, Chao (1998) asserted that distinctions have been made between the terms mentor and sponsor. More recently, Higgins and Kram (2001, p. 269) echoed Chao’s (1998) sentiments, and distinguished between a mentor and sponsor by stating that â€Å"true mentors. . . provide high amounts of both career and psychosocial support, and sponsors. . . provide high amounts of career support but low amounts of psychosocial support†. Whether it is the interchangeable use of these two terms or the current de? itions of each that are posited to represent their distinction, it is feasible that both, to some degree, have contributed to much of the confusion in the organizational mentoring literature, thus leading to the mixed results on mentoring (Jacobi, 1991). In spite of the confusion and mixed results, mentoring relationships have been viewed as â€Å"one of the most complex and developmentally important relationships† in organizational settings (Levinson et al. , 1978, p. 97 ). Thus, mentorships and sponsorships have been pronounced to be critically important to the upward mobility of individuals in organizations (Kanter, 1977). The work of Levinson et al. (1978) served as the theoretical foundation for much of Kram’s (1980, 1983) work on mentoring, which appears to be the most comprehensive treatment in the organizational literature (Scandura, 1998). They suggested that a mentor is an individual who is usually older and â€Å"of greater experience and seniority. . . a teacher, adviser or sponsor† (Levinson et al. , 1978, p. 97). Building on the work of Levinson et al. (1978), Kram (1980) suggested that a mentor is a more senior ? ? individual who provides career and psychosocial support for the protege. Kram (1980, 1983) postulated career functions to include sponsorship, exposure and visibility, coaching, protection, and challenging assignments. The psychosocial functions were postulated to included role modeling, acceptance-and-con? rmation, counseling, and friendship (Kram, 1980, 1983). Many of the de? nitions of a mentor used throughout the literature referenced Kram’s (1980, 1983, 1985) de? nition of mentor. Table I delineates how the terms â€Å"sponsor† or â€Å"sponsorship† are explicit in the de? nitions of mentor or mentoring that stem from Levinson et al. ’ (1978) and Kram’s (1980) de? nitions. Table I also depicts the de? nitions or lack of de? nitions of mentoring, mentor, and sponsor used in some published works that are generally considered premier management journals (Cabell, 2001). Due to the myriad management-related articles on mentoring, this method was chosen to determine which sampling of articles would be included in the table. As outlined in Table I, not all articles on mentoring explicitly de? ned mentoring, mentor, and/or sponsor, while a few did. As previously stated, in most cases, sponsoring is considered as sub-function of mentoring. Although there are various de? itions of mentor used throughout the literature, there appears to be more consistency in the de? nitions of sponsor used within the literature (see Table I). Sponsoring has been viewed in the literature as a developmental relationship in ? ? which the sponsor provides instrumental career support by nominating the protege for promotion and other types of organizational activities that may be supp ortive of promotion (Campion and Gold? nch, 1983; Thomas, 1993). This is relatively consistent ? ? with Kanter’s (1977) work, which posits that sponsors facilitate proteges in obtaining ? inside information and bypassing the hierarchy, as well as ? ght for their proteges’ promotions. While Shapiro et al. ’s (1978) continuum of advisory/support relationships acknowledges a difference between the organizational power that mentors and sponsors ? ? have in promoting the upward mobility of their proteges, they consider sponsors to have less organizational power than mentors thereby causing mentors to be seen as more prominent than sponsors. It is highly probable that as a result of the works of Shapiro et al. 1978) and Kram (1980; 1983), which considers sponsoring a sub-function provided by mentors, that sponsoring has been viewed as a less powerful organizational developmental relationship than mentoring (Chao, 1998). This subjugation, thus causes sponsoring to rema in in the shadows of organizational mentoring research. It is worthy to note that Kram’s (1980, 1983) early works were based on ? ndings from a sample in which a majority (11) of the 18 developmental relationships were direct or indirect reporting relationships in some phase of the developmental relationship. Consequently, the mentors had direct or indirect responsibility for promoting their ? ? protege. In which case, sponsoring (the nominating for promotion) was inherent in the developmental relationships Kram (1980, 1983) observed. Thus, Kram (1980, 1983) was actually observing concurrent phenomena within her sample. Therefore, much of the organizational mentoring theory developed by Kram (1980, 1983) is based on what in recent research has been termed â€Å"supervisory mentoring†. Following suit, the supervisor-subordinate relationship has been the focus of much of the mentoring research (Gibb and Megginson, 1993). In this type of relationship, there is a high Mentoring and sponsoring 631 MD 42,5 632 Author (year) Campion and Gold? nch A relationship in which an individual takes a 1) Any individual who has a signi? cant positive 1) A sponsor discovers and fosters (1983) personal interest in another’s career and guides in? uence on another’s career, whether the role be individuals for higher placement in or sponsors that person one of sponsor, coach, or counselor other parts of the organization 2) A sponsor functions to generate ? power in proteges by ? ghting for and promoting them, by allowing them to bypass the hierarchy and obtain inside information, and by re? ected power or power by association Hunt and Michael (1983) Involves a unique, often emotionally 1) A person who suggests and advises new â€Å"fast interpersonal type of support and advising role track† recruits on career success matters that can be used to train and develop talented 2) A trusted counselor or gui de ? ? ? proteges in many careers and organizations 3) A guide supporting a protege’s young adult dreams and helping in the attainment of them ? ? 4) A nonparental career role model for a protege Kram and Isabella Has a great potential to enhance the (1985) development of individuals in both early and middle career stages Noe (1988a) 1) An experienced, productive manager who relates well to a less-experienced employee and facilitates his/her personal development for the bene? t of the individual as well as that of the organization 2) Usually eight to 15 years older than the ? protege who frequently is a young professional with high career aspirations Noe (1988b) 1) A senior, experienced employee who serves as a role model, provides support, direction, and feedback to the younger employee regarding career plans and interpersonal development, and ? ? increases the visibility of the protege to decision makers in the organization who may in? uence career opportunities (continued) Table I. De? nitions of mentoring, mentor, and sponsor given in articles in premier journals Mentor de? nition(s) given in article Sponsor de? nition Mentoring/mentorship de? ition(s) given in article Author (year) Mentors actively intervene, contriving ? ? to get their proteges exposure and visibility through assignments that involve working with other managers ? ? and endorsing their proteges for promotions and special projects Mentoring/mentorship de? nition(s) given in article Mentor de? nition(s) given in article Sponsor de? nition Whitely et al. (1991) Whitely et al. (1992) 1) A particular interpersonal relationship that can in? uence career progress 2) Classical, or primary, mentoring is an intense developmental relationship of relatively long ? duration in which proteges receive a range of career and psychosocial help exclusively from one senior manager 3) Secondary mentoring is a shorter, less intense, less inclusive developmental process involving multiple relationships, each offering specialized developmental functions, which tends to focus on external, career progress-oriented functions, such as sponsorship and visibility and exposure, rather than on inner-oriented psychosocial development functions 4) A set of roles and role activities including coaching, support, and sponsorship 5) Psychosocial mentoring referring to activities like providing counselling and friendship 6) Career mentoring referring to providing sponsorship, exposure, and the like 1) â€Å"Classical† mentoring is where the developmental relationship is of relatively long duration, is intense, mostly exclusive, and in ? which a protege receives a range of career-oriented and psychosocial help from one senior manager 2) Career mentoring includes short duration, less intense, multiple, and less exclusive relationships that are more specialized in the kind of progress-oriented functions provided to ? ? proteges, they are more likely to focus on external, career-oriented mentor ing functions, such as sponsorship or visibility/exposure, than on â€Å"inner-oriented† psychosocial developmental functions (continued) Mentoring and sponsoring 633 Table I. MD 42,5 634 Author (year) 1) Someone who provides high amounts of both career and psychosocial support 2) â€Å"The mentor is ordinarily several years older, a person of greater experience and seniority. . . a teacher, adviser or sponsor† (Levinson et al. , 1978) Higgins and Kram (2001) Chao et al. (1992) Ragins and Scandura (1994) Scandura and Schriesheim (1994) Turban and Dougherty 1) A set of role activities, including coaching, (1994) support, and sponsorship, that upper-level ? ? managers provide to proteges Tepper (1995) Table I. Mentor de? nition(s) given in article Sponsor de? nition 1) A sponsor is included in one of the de? nitions of a mentor 2) Someone who provides high amounts of career support but low amounts of psychosocial support 1) Individuals with advanced experience and knowledge who are committed to providing support to and increasing the upward mobility ? ? of junior organization members, their proteges 2) An individual in? ential in the work environment who has advanced experience and knowledge and who is committed to providing upward mobility and support to careers 1) A trusted counsellor who accepts a guiding role in the development of a younger or less-experienced member of the organization 1) An in? uential individual at work who has advanced knowledge and w ho is committed to providing upward mobility and support to a person’s career (continued) Mentoring/mentorship de? nition(s) given in article 1) The developmental assistance provided by a ? ? more senior individual within a protege’s organization 2) A relationship in which a senior person ? ? working in the protege’s organization assists ? with the protege’s personal and professional development Mentorship is de? ned as an intense work relationship between senior (mentor) and junior ? ? (protege) organizational members. The mentor has experience and power in the organization and personally advises, counsels, coaches, and ? ? promotes the career development of the protege. ? ? Promotion of the protege’s career may occur directly through actual promotions or indirectly through the mentor’s in? uence and power over other organizational members Author (year) Mentoring/mentorship de? nition(s) given in article Mentor de? nition(s) given in articl e Sponsor de? nition Dreher and Cox (1996) ) Mentoring in organizations has been de? ned as a developmental relationship between an ? ? individual (protege) and a more senior and in? uential manager or professional (mentor) 2) Focuses particularly on the career-support aspects of mentoring Ragins (1997) 1) One who serves as a role model, friend, and ? ? counsellor, who accepts and helps the protege develop a positive and secure self-image 2) An individual who holds a position senior to yours who takes an active interest in developing your career. While it is possible for your immediate supervisor to serve as a mentor, relationships of this type represent a special opportunity to interact with a senior manager. The standard subordinate/supervisor relationship is not a mentoring relationship (it is possible to have multiple mentors) 1) Individuals with advanced experience and knowledge who are committed to providing ? ? upward mobility and support to their proteges’ careers Covaleski et al. (1998) 1) Sometimes also called coaching or counselling 2) It involves relations between senior managers and junior employees, in which the latter can â€Å"become interwoven into an organization’s culture by efforts of the former, who, embodying the â€Å"core values that best promote desired organization culture,† help frame the inculcation process† as well as â€Å"help cultivate desired norms and values† 3) A technique by which junior members imbibe and interiorize the more subtle, tacit, and noncodi? ble aspects of an organization’s goals, which are embodied in superiors and with which they develop their new identi? es as ? rm members 1) A more senior person who takes an interest in sponsorship of the career of a more junior person (Kram, 1985) (continued) Scandura (1998) Mentoring and sponsoring 635 Table I. MD 42,5 636 Author (year) 1) The mentor is traditionally de? ned as a source ? ? of information for the protege and the positive outcomes, such as greater income and promotion opportunities Mullen and Noe (1999) Ragins et al. (2000) Higgins and Kram (2001) Table I. Mentor de? nition(s) given in article Sponsor de? nition 1) Generally de? ned as individuals with advanced experience and knowledge who are committed to providing upward mobility and ? career support to their proteges (Kram, 1985) 2) A higher-ranking, in? uential individual in your work environment who has advanced experience and knowledge and is committed to providing upward mobility and support to your career Mentoring/mentorship de? nition(s) given in article A mentoring relationship is a one-to-one relationship between a more experienced member (mentor) and a less ex perienced member ? ? (protege) of the organization or profession. The relationship is developed to promote the ? ? professional and personal growth of the protege through coaching, support, and guidance. Through individualized attention, the mentor transfers needed information, feedback, and ? encouragement to the protege as well as providing emotional support and â€Å"putting in a good word† when possible Formal mentoring was as follows: â€Å"In order to assist individuals in their development and advancement, some organizations have established formal mentoring programs, where ? ? proteges and mentors are linked in some way. This may be accomplished by assigning mentors or by just providing formal opportunities aimed at developing the relationship. To recap: formal mentoring relationships are developed with organizational assistance. Informal mentoring relationships are developed spontaneously, without organizational assistance† A â€Å"traditional† mentorin g relationship is one in ? ? which a senior person working in the protege’s ? ? organization assists the protege’s personal and professional development probability that the mentor will provide both psychosocial and career support for the ? ? protege. This would explain why sponsoring has surfaced as being inherent to mentoring in both qualitative research (e. g. , Kram, 1980, 1983) and quantitative research (e. g. , Noe, 1988a; Scandura, 1992), thus being viewed as a sub-function of mentoring. However, if a mentor is conceptualized in its most simplest of terms – those used by Webster’s Collegiate Dictionary – a wise and trusted counselor or teacher; and likewise with a sponsor – a person who vouches for, is responsible for, or supports a person or makes a pledge or promise on behalf of another – then from the onset, the nature of the reporting relationships in Kram’s study (1980, 1983) moved the examined phenomenon beyond the realm of just a mentoring relationship. Moving beyond this de? ition of mentor, there are at least two additional rationales for why a sponsor should not be viewed as inherent in mentoring, in addition to not being used interchangeably with the term mentor. First, t he derivations of the terms are disparate – mentor from the ? ? Latin word mentor, meaning to teach; and sponsor from the Latin word spondere, meaning to pledge. Second, based on Webster’s New World Thesaurus, mentor and sponsor are not synonyms. So, while Kram (1980, 1983) did observe the presence of the sponsoring phenomenon in her study, it is argued that it should have been considered a distinct concept rather than being considered inherent in mentoring. Since the foundation upon which the original conceptualization of organizational mentoring was developed in a somewhat dubious context, it begs the question as to the interchangeable usage of the terms mentor and sponsor. Similarly, given the emergence of the concept coaching in the literature as a distinctly different developmental concept than mentoring, it is posited that sponsoring should re-emerge as a distinctly different developmental relationship worthy of as much examination in the organizational literature as has coaching. So, based on this ? rst argument, it is posited that sponsoring may be just as important as mentoring in the upward mobility of individuals in organizational settings (Kanter, 1977). Therefore, a paradigm shift and new lens through which to investigate and utilize mentoring and sponsoring in organizational settings are being presented. Mentoring and sponsoring 637 Universal de? nitions Given the review of the various de? nitions of mentor, mentoring, sponsor, and sponsoring that have been presented in the literature, to date, â€Å"explaining mentoring through a single, universal and prescriptive de? nition. . . [has proven to be] inadequate† (Gibb, 1994, p. 47). However, explaining mentoring through a single universal and descriptive de? nition is more than adequate. Such a de? nition is necessary to provide solid conceptual grounding, and a lens through which to further examine and utilize mentoring and sponsoring. Hence, this is an opportune juncture to advance universal de? itions of mentoring and sponsoring to be used and operationalized in any research or organizational context henceforth. The following universal de? nitions regarding the concepts of mentor, mentoring, and mentorships are offered: . a mentor is a wise and trusted counselor or teacher; . mentoring is the guidance process that takes place between a mentor and a ? ? protege; and . ? ? a mentorship is a mentoring relationship between a mentor and a protege. MD 42,5 638 Similarly, regarding the concepts of sponsor, sponsoring, and sponsorships, the following universal de? nitions are offered: . ? ? a sponsor is a person who nominates or supports another person’s (protege) promotion; . ? ? ponsoring is the process of a sponsor nominating or supporting a protege’s promotion; and . ? ? a sponsorship is a sponsoring relationship between a sponsor and a protege. It should be noted that these suggested universal de? nitions of mentor and sponsor ? ? connote that neither one has to be older than the protege, which is a deviation from the sometimes explicit and other times implicit de? nitions for both terms in the organizational mentoring literature. It shoul d also be noted that a mentor does not ? ? always have to be an organizational success to provide the protege with valuable guidance. Additionally, these universal de? nitions are speci? , yet general enough to be applicable regardless of the profession in which they may be studied or the research question examined, which has been perceived to be a matter of contention (Chao, 1998). Therefore, these de? nitions of mentor and mentoring allow for many of the forms of mentoring examined in the literature to be viewed as types of mentoring. This is consistent with Higgins and Kram’s (2001, p. 264) assertion that they are exploring different types of mentoring in their recent article, which views â€Å"mentoring as a multiple developmental relationship phenomenon†. Formal and informal mentorships – argument two The second argument for reconceptualizing mentoring and sponsoring requires an examination of the literature on formal and informal mentorships. As previously stated, original theorizing of organizational mentoring, in large part, resulted from the examination of informal, intraorganizational mentorships (i. e. , Kram, 1980, 1983). These types of mentorships have been purported to be a key developmental tool in the upward mobility of individuals in organizations (Hunt and Michael, 1983; Kanter, 1977; Pittenger and Heimann, 2000; Ragins et al. , 2000). Many researchers believe that all those who succeed have mentors, usually informal mentors (Campion and Gold? nch, 1983; Collins and Scott, 1978; Kanter, 1977). It should also be noted that sponsors have been said to be important to those who succeed (Kanter, 1977; Dalton et al. 1977) although they have not been the focus of as much attention in the literature as have mentors. Unlike sponsorships, there are copious amounts of articles suggesting that both informal and formal mentorships exist within most organizations, with informal mentorships being the most prevalent (e. g. , Noe, 1998b, Phillips-Jones, 1982). Informal ? ? mentorships are mentoring relationships where the mentor and protege, on their own ? ? accord, agree that the protege will trust the mentor to counsel or teach him/her (Noe, 1988a, 1988b). Formal mentorships refer to mentoring relationships where a third party ? ? (usually the organization) sanctions an agreement between mentor and protege, ? whereby the protege should trust the mentor to counsel or teach him/her (Noe, 1988a, 1988b). Both informal and formal mentorships can be either intraorganizational or interorganizational relationships (Ragins, 1997). Intraorganizational mentorships refer ? ? to those mentoring relationships in which both the mentor and the protege are employed by the same organization. Interorganizational mentorships pertain to ? ? mentoring relationships where the mentor and protege are employed by different organizations. Similar to mentoring, based on the universal de? nitions of sponsor and sponsoring offered in this paper, sponsoring can be formal or informal, and can occur intraorganizationally or interorganizationally. Informal mentorships tend to germinate as a result of work or non-work issues that ? ? lead the mentor and protege to realize they have shared interests, admiration, and commitment, which makes informal mentorships more in-depth and personal (Chao et al. , 1992; Lawson, 1996; Noe, 1988b). Thus, informal mentorships are likely to move beyond the discussion of career-related issues to more personal issues (Chao et al. , 1992; Noe, 1988b). The following examples given in an excerpt taken from Kalb? eisch (2000, p. 58) symbolize and embody some of the characteristics of informal mentorships: ? ? At a corporate cocktail party the proud mentor shows off her protege to her colleagues. As ? she introduces her rising star, her protege follows her lead in smiling and moving through the ? ? crowd. The protege mirrors her mentor’s moves as she smoothly joins conversations then ? ? skillfully continues on to other interactions. At the golf course a mentor brings his protege along as a â₠¬Å"fourth† to make up for a missing member of a traditional Saturday morning golf ? ? quartet. The mentor tells his pals that his protege is â€Å"like a son to him† and that he will ? t right in to their game. Mentoring and sponsoring 639 These examples illustrate how interactions in informal mentorships tend to move outside the typical con? nes of the of? ce. As a result of work and non-work interactions, ? ? the mentor helps to in? uence and socialize the protege (Bahniuk and Kogler Hill, 1998; ? ? Noe, 1988a). In addition, the mentor provides the protege with support, guidance, and feedback as a result of his/her knowledge about how to get things done, â€Å"what’s what,† and â€Å"who’s who† (Bahniuk and Kogler Hill, 1998; Noe, 1988b; Veale and Wachtel, 1996). ? ? Therefore, â€Å"proteges learn from their mentors. . . not only how to do their jobs better, but also how to manage their organizational careers better, and how to balance and manage their lives better† (Lawson, 1996, p. 6). As a consequence of the perceived bene? s of informal mentoring, formal mentoring programs began to surface in the early 1980s to provide mentoring to â€Å"more than just a lucky few† (Forret et al. , 1996, p. 6) in an effort to replicate and capitalize on the perceived bene? ts of informal mentoring (Bahniuk an d Kogler Hill, 1998; Noe, 1988b; Ragins et al. , 2000). While many organizations have implemented formal mentoring programs, there has been a lack of agreement on the intent and extent to which they are formalized in organizations (Noe, 1988b). Therefore, it has been suggested that ? ? organizations should not expect proteges in formal mentorships to gain the same ? ? bene? ts as proteges in informal mentorships (Noe, 1988b). Regardless, many organizations have instituted some form of formalized mentoring in an effort to gain a competitive advantage in today’s global and dynamic marketplace (Pittenger and Heimann, 2000; Veale and Wachtel, 1996). Some characteristics of formal mentoring programs are: top management support; corporate mentoring strategy; prudent mentor ? ? ? ? and protege selection and matching processes; comprehensive mentor and protege ? ? orientation; clearly stated expectations and responsibilities of mentor and protege; and ? ? established duration and contact frequency between the mentor and protege (Friday and Friday, 2002; Noe, 1988b; Scandura, 1998). Although formal mentoring programs are designed to replicate and capitalize on the bene? s of informal mentoring (Bahniuk and Kogler Hill, 1998; Noe, 1988b; Ragins et al. , MD 42,5 640 2000), de? nite differences exist between them. Chao et al. (1992) suggest that the most notable differences between formal and informal mentorsh ips begin with the initiation phase. The differences begin with the alteration of the voluntary nature from which informal mentorships evolve (Ragins, 1997). In formal mentoring programs, mentors ? ? and proteges are assigned (Chao et al. , 1992; Noe, 1988b; Scandura, 1998). The literature ? ? suggests that proteges may not perceive formal mentors as bene? cial as informal mentors. Numerous factors (e. g. , required participation, personality con? icts, perceptual con? cts, limited interaction, perceived pressure, lack of commitment and motivation, differences in expectations, lack of intimacy and perceived value, and ? ? sanctioned monitoring) contribute to formal proteges considering their mentors not to ? ? be as bene? cial as informal proteges consider their mentors (Chao et al. , 1992; Kram, 1985; Lee et al. , 2000; Noe, 1988b, Ragins et al. , 2000; Tepper, 1995). This perceived decrease in bene? t is likely the case because while formal mentors have been found to provide the s ame amount of psychosocial support as informal mentors, they have not been found to provide the same amount of career support, which is usually an expected outcome of mentoring (Chao et al. , 1992; Noe, 1988a). As purported by Kram (1980, 1983), in naturally occurring, informal mentorships, ? ? mentors tend to provide both career and psychosocial support to their proteges. However, research suggests that in some informal mentorships and many formal mentorships, mentors tend to have dif? culty providing both types of support to their ? ? proteges, with the majority of the dif? culty being in providing career support (Bahniuk and Kogler Hill, 1998; Chao et al. , 1992; Noe, 1988b). Given the observance of dif? culty formal and informal mentors tend to experience in providing career support, ? ? particularly sponsorship, to their proteges, it lends support to the argument that mentoring and sponsoring are distinct phenomena. Consistent with Kram’s (1985) original conceptualization of â€Å"relationship constellations† (in which multiple developmental relationships are not all provided by one individual) facilitating an individual in his/her upward mobility within the organization, mentoring and sponsoring are posited as distinct, but related, non-mutually exclusive developmental relationships. Thus, mentoring and sponsoring may be provided by the same individual, but it is not necessary or expected that they will both be provided by the ? ? same individual. Therefore, a mentor and a sponsor for a protege may be one in the same or they may be two different individuals. Kram’s (1985) work made the distinction â€Å". . . etween the classic mentoring relationship and other less involving, exclusive, and intricate types of relationships such as the sponsor relationship. . . † (Murrell and James, 2001). This distinction is likely to have contributed to the lack of importance given to the sponsor relationship and its potential in? uence on career advancement as compared to the attention given to the mentor relationship. Although the classic mentoring relationship, which is more psychosocial, has been found to enhance the competence and personal effectiveness of individuals trying to advance, it is the sponsor relationship that has shown to relate more closely to individuals actually advancing in organizations (Murrell and James, 2001). Thus, for aspiring executives developing career strategies it is suggested that mentors be selected when they need to enhance their competence and effectiveness on the job, and that sponsors be selected to assist them in advancing within the organization. Therefore, aspiring executives may use these two types of developmental relationships independently or concurrently at various stages of their careers based on their needs at that given point in time. Mentoring and sponsoring Conclusion Over the last three decades, much of the organizational mentoring research has conceptualized mentoring as the career and psychosocial developmental support provided by a more senior individual to a more junior individual (Higgins and Kram, 2001; Kram, 1983). As outlined by Kram (1980, 1983), it has been suggested that only a subset of possible functions is provided by most mentors. Usually, providing upward ? ? mobility for the protege is not in the subset provided (Chao et al. , 1992; Kram, 1986; Noe, 1988b). This raises a question. If the mentor is providing all the other ? ? sub-functions, but not providing upward mobility for the protege, is this a mentoring relationship? According to the existing literature the answer would be: â€Å"Yes, but the ? ? mentor is just not sponsoring the protege; therefore, he/she is not a true mentor† according to Higgins and Kram (2001). They claim that a â€Å"true mentor† provides high ? ? amounts of both psychosocial and career support to his/her protege. On the other hand, according to the arguments posited in this paper, the answer would be â€Å"yes,† and while the mentor is not a sponsor, he/she is a â€Å"true mentor† nonetheless. Some researchers have suggested that there is no one word that communicates what has been perceived in the literature to date as mentoring (Burke and McKeen, 1989; Levinson et al. , 1978). That may be the case because, to date, researchers have likely been examining at least two phenomena simultaneously, mentoring and sponsoring. The various de? nitions of mentor and mentoring, and the movement of mentoring into a formally structured arena have helped to highlight the distinction between mentoring and sponsoring as being distinct, non-mutually exclusive, and possibly non-concurrent phenomena. While scholars may have distinguished between mentors and sponsors (Kanter, 1977; it is being argued that as long as the concept of mentoring is viewed as ? ? encompassing the sponsoring of a protege’s nomination for promotion, the concept and its operationalization will lack clarity, and thus remain less scienti? cally supported than would be desired. Therefore, mentoring and sponsoring should be viewed as two distinctly different developmental relationships that are not necessarily mutually exclusive in terms of being performed by the same individual. Consequently, the terms mentor and sponsor, and mentoring and sponsoring should not be used interchangeably. With the assertion that there is no explicit agreement on which types of developmental experiences should be classi? ed as mentoring (Whitely et al. , 1992), the changing demographics in the workforce, and the global business milieu of this millennium, mentoring and sponsoring need to be reconceptualized (Higgins and Kram, 2001; Ragins, 1997). This paper has done just that; it has reconceptualized mentoring and sponsoring to account for the infusion of new dynamics that have arisen, and that are likely to arise, since the initial conceptualizing and theorizing of the terms in the organizational literature dating back at least three decades ago (e. g. Collins and Scott, 1978; Kanter, 1977; Lawson, 1996; Roche, 1979). If mentoring and sponsoring are to be considered enduring scienti? c phenomena, their de? nitions and operationalizations should not change every time environmental or organizational dynamics change or by different users of the terms (e. g. , researchers, practitioners, e tc). 641 MD 42,5 642 The universal de? nitions offered in this paper are considered enduring. Regardless of the research or organizational environment and its dynamics, these universal de? nitions will not need to be changed, thereby allowing for consistency in the de? nitions and operationalizations of mentoring and sponsoring in future research and practice. Given the two lucid arguments presented, strong evidence exists to warrant the future use of these new lens through which to view and examine mentoring and sponsoring in organizational settings. 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