The Theory Of Economic Development - 984 Words

With this inquiry I seek to establish the role of finance in economic development as presented by Joseph Schumpeter in his book, The Theory of Economic Development, [1911] The book analyzes elements that make up for economic development in a capitalistic society as viewed by Schumpeter. The elements mentioned include and revolve around the subject of finance. Finance is simply defined by investopedia.com as, â€Å"Finance is the science that describes the management, creation and study of money, banking, credit, investments, assets and liabilities† [web]. The role of some of the mentioned elements, along with others, in economic development are mentioned and discussed in Schumpeter’s Theory. Research has proven that the financial intermediary between economic growth and the entrepreneur who seeks to build new markets. Schumpeter exhibits this notion in his work; the purpose of this inquiry is to clarify the character finance plays in the economic advancement of a capitalistic society. This will begin with the exposition of economic development as viewed by Schumpeter followed by the financial role from different chapters of his book. Th is includes Credit and Capital, Entrepreneurial Profit, and Interests on Capital. Schumpeter understanding of Economic Development The second chapter of Schumpeter’s Theory is his analysis of how an economy develops as well as the elements that contribute to its growth. Firstly Schumpeter states what defines development, that being theShow MoreRelatedThe Theory Of Economic Development Essay1477 Words   |  6 PagesThe theory of economic development has equipped the underdeveloped countries with a choice between ‘balanced’ and ‘unbalanced’ growth that has been one of the most tendentious topics. One group advocates the theory of Balanced Growth and refutes, in almost unequivocal terms, the virtues and utility of the doctrine of Unbalanced Growth, which the other group endorses with great insistence. These approaches towards economic development have been expounded and interpreted in various ways in the literatureRead MoreRostows Theory of Economic Development1055 Words   |  5 PagesLECTURER: MR. MASINDE TASK: A DISCUSSION OF THE ROSTOW FIVE STAGES OF DEVELOPMENT GROPU MEMBERS NAME REGISTRATION NUMBER SIGNATURE NYABUTO MEPHINE BWARI E37/1523/2011 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ BARAZA A. DANIEL E37/1625/2011 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ LUMONYE FAITH JUMA E35S/11325/2010 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ DOUGHLAS NYAKUNDI E37/1509/2011 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ FREDDICK ACHACH E37/1614/2011 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Rostow’s five stages of Development This theory was written by Walt Whiteman Rostow. In 1960 he suggested countriesRead MoreWorld Theory And Wallersteins Stages Of Social And Economic Development731 Words   |  3 Pagesessay attempts to compare and to contrast the theories of Walt Rostows stages of social and economic development and Wallersteins world system theory. The Rostows five-stage model of economic growth and core-periphery concept of Wallerstein’s three-part world system theory are both used to identify a countrys development. Although they have similarities, there are differences between the two models. Rostows five-stage model emphasizes on the development process of countries. On the other hand, WallersteinsRead MoreA Brief Note On The Growth Theory And The Dual Sector Model Of Economic Development Essay3646 Words   |  15 Pages ENDOGENOUS GROWTH THEORY BY MARTIN RIITHO MAINA KCA 14/02073 A Term Paper submitted to Prof. Joseph Ongeri in fulfilment Of the requirements for the course Advanced Macro-Economics, as credit towards the degree of Master of Science (Finance and Economics) KCA UNIVERSITY November, 2014 â€Æ' TABLE OF CONTENTS Page 1.0 Abstract.†¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦.†¦..3 1.1 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.........................................4 2.0 Literature review: Models†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreThe Relationships Between Michael Porter’s Theory of Competitiveness and Economic Development of Nations, Regions, and Cities and the Economics of Innovation2350 Words   |  10 Pagesyears ago in his masterpiece â€Å"The Competitive Advantage of Nations† Michael Porter developed a model to analyze the competitiveness and economic development of nations, regions, and cities, a model that is still a milestone in this field of enquiry. In this work I will try to show how that theory about competitiveness is related with some important aspects of economics of innovation, also in the light of the already visible effects of globalization. Introduction I will first explain the effects of globalizationRead MoreDiscuss the Relationship Between Entrepreneurship, Innovation and Economic Development. What Role Do Creativity and Problem Solving Play in This Relationship? Refer to Both Theory and Examples from the Business World to Support Your Discussion.1637 Words   |  7 Pagesbetween entrepreneurship, innovation and economic development. What role do creativity and problem solving play in this relationship? Refer to both theory and examples from the business world to support your discussion. Entrepreneurship, innovation and economic development are linked to one another through different factors and characteristics of each other. Entrepreneurship â€Å"is the result of what entrepreneurs do and refers to events and their economic impact† (Lumsdaine E, Binks M 2007 P11). ThisRead MoreDiscuss the Relationship Between Entrepreneurship, Innovation and Economic Development. What Role Do Creativity and Problem Solving Play in This Relationship? Refer to Both Theory and Examples from the Business World to Support Your Discussion.’2397 Words   |  10 PagesDiscuss the relationship between entrepreneurship, innovation and economic development. What role do creativity and problem solving play in this relationship? Refer to both theory and examples from the business world to support your discussion.’ There are many links that bring together a relationship between entrepreneurship, innovation and economic development, and both creativity and problem solving play a large role within this relationship. Entrepreneurial activity can lead to innovation withinRead MoreEssay on Taking a Closer Look at the Modernization Theory1117 Words   |  5 PagesMODERNIZATION THEORY The invention of the concepts of development and underdevelopment is attributable to the former U.S. President Harry Truman, in a speech in January 1949, stressed the need to help the underdeveloped countries. In an international context of profound change following the Second World War and the process of decolonization that followed, the United States , then became superpower , proposed to establish a new world order in which the conflicting worldviews stand down mutual developmentRead MoreDeveloping Countries During World War II1547 Words   |  7 Pagestwo groups of economies increased eventually in addition to the increase in the rate of dependability amongst them. With the rapid growth in wealth and industrialization of the First World, only a few developing countries managed to have adequate economic growth on the line of the developed countries. Many of the developing countries which were poor at that time still remained to be poor today even today in comparison to the indust rialized nations. Dearth of capital and skilled labor produces a lowRead MoreAdam Smith Influence on Economic Theory Essay1655 Words   |  7 PagesWhy is the work of Adam Smith considered so crucial in the development of economic thought? Adam Smith is widely regarded as the father of economics as a social science, and is perhaps best known for his work The Wealth of Nations. Throughout this work Smith states and informs towards his belief that society is not at its most productive when ruled over by rules and limitations with regards to trade, and that in order for markets to maximise prosperity, a free trade environment should be made

How Six Sigma project teams different from other types of...

Six Sigma project teams required a diversity of skills that range from technical analysis, creative solution development, and implementation. These teams are not only addressing instant problems, but also provide an environment for individual learning, management development, and career advancement. Six Sigma teams are composed of several types of individuals which are: Champions, Master Black Belts, Black Belts, Green Belts and Team Members. Champions are Senior-level managers who promote and lead the deployment of Six Sigma in significant area of the business. They understand the philosophy and tools of Six Sigma, select projects, set objectives, allocate resources, and mentor teams. On the other hand Master Black Belts are Full-time Six†¦show more content†¦On the other hand Master Black Belts are Full-time Six Sigma experts who are responsible for Six Sigma strategy, training, mentoring, deployment, and results. They work across the organization to develop and coach team s, conduct training, and lead change, but are typically not members of Six Sigma project teams. While Black Belts are Fully-trained Six Sigma expert that have 160 hours of training who perform much of the technical analyses required of Six Sigma projects, and usually on a full-time basis. They are the one who mentor and develop Green Belts. And Black belts are usually targeted by the organization as future business leaders. And Green Belts on the other sides are functional employees who are trained in introductory Six Sigma tools and methodology and work on projects on a part-time basis by assisting Black belts while developing their own knowledge and expertise. And lastly is the Team Members, this are the Individuals from various functional areas who support specific projects. And these individuals of Six Sigma teams made Six Sigma project team different from other teams like Leadership teams, Problem-Solving Teams, Natural work Teams, self-manage teams and virtual teams. Why? Beca use Leadership teams according to the two quality gurus Juran and Crosby have two kinds. First, the Quality Councils by Juran, this is usually the top managers of the organization like Vice President or Director ofShow MoreRelatedWhat Role Should Six Sigma Play in Corporate Strategy?1579 Words   |  7 PagesQ3. What role should six sigma play in corporate strategy? Six sigma is a methodology and describes the process of; Define – Measure – Analyse – Improve- Control This process means that Six sigma has to be kept in mind from the identification of needs and objectives all the way through to when the objectives are met and need to be sustained. When Six sigma is implemented within 3M, different objectives will be set with six sigma and the reduction of waste in mind. These objectives are usuallyRead MoreComparing Lean And Six Sigma Alpha Sigma1640 Words   |  7 PagesResubmit question 2. Contrast and compare lean and six sigma sigma teams. You may want to consult your Six sigma Sigma textbook (The Six sigma Sigma Black Belt Handbook by McCarty, Daniels, Bremer and]] [Gupta) since it contains extended discussions about these teams. Thinks of what skills team members need to have, how the teams are organized, what kind of problems they solve. For instance, lean teams may solve sporadic problem while six sigma sigma team may solve chronic problems that may not be obviousRead MoreSix Sigma and Project Management1693 Words   |  7 PagesSix Sigma and Project Management Project Management in Business and Technology, Section 02â€Æ' Introduction â€Å"Sigma† is a symbol for a unit of measure which measures how much a process deviates from perfection. With the increase in demand for quality products/services, several organizations look for ways to improve their performance to meet customer’s expectations. Six Sigma is considered to be an approach which blends the components of quality management and business process re-engineering. SixRead MoreNew Leading Edge Technology With The People And Process Steps1699 Words   |  7 PagesLink to Strategic Imperatives This project shows a high link to strategic imperatives. The goal of the project is to align new leading edge technology with the people and process steps involved in administering the tests from those technologies to ensure the patient care output is both safe and cost-effective. This Six Sigma approach focuses mainly on optimizing time and human and equipment resources. With this optimization, they can achieve improved service delivery, reduced costs, and enhancedRead MoreSigma And The Cost Of Quality1735 Words   |  7 PagesIntroduction â€Å"Six Sigma† and the â€Å"Cost of Quality† to a manufacturing company is a systematic approach that increases profits and improves customer satisfaction rates by eliminating the root cause for defects or errors in all processes, by creating new and more effective processes. To the health care company, â€Å"The Cost of Quality† may look and feel slightly different, yet in many ways both are the same. Both companies may operate and produce different products, and operate in two different market segmentsRead MoreA Six Sigma Case Study1534 Words   |  7 PagesA Six Sigma case study has been performed on an IT call center by the author David L. Hallowell. The primary focus of the project is to increase the profitability of the company by using the DMAIC methodology. IT businesses these days realized that the best way to get in contact with its customers is by improving their call center customer care services. That is why the senior managers of the company hav e decided to tackle the issues faced by the call center by giving their Six Sigma DMAIC groupRead MoreApplication Of Six Sigma Tools Essay2262 Words   |  10 PagesThis project is strategically crucial because data analysis shows a link between high customer satisfaction and new account growth thereby increasing overall profitability. Should the company decrease support costs per call at the call centers and high customer satisfaction help increase new account growth, the firm should see greater revenues of about $3 million and lower expenses, which impacts the overall critical financial metrics (Hallowell, p.6). Since senior management and the project teamRead MoreFor These Reasons, The Catapult (Figure 2) Set Was Suggested1820 Words   |  8 Pagesthe Six Sigma training. A catapult offered a tool/process that enhanced the learners’ understanding. It supported up to seven factors at two or more levels of experimental design as well as both continuous and categorical facto rs. It provided data for analysis, which could be used for Gauge Repeatability and Reproducibility (GRR), Hypothesis Testing such as t-test, one-way ANOVA, Regression, Design of Experiments (DOE) and Statistical Process Control (SPC). A good tie-in between the Six Sigma competitionRead MoreLean Six Sigma Reference Material Essay1570 Words   |  7 Pages none of the above -------------------------------------------------------------------------------- QUESTION 3 Six Sigma relates to Radical redesign align, improve and maintain remove waste all of the above none of the above -------------------------------------------------------------------------------- QUESTION 4 Six sigma is evolved in periods of - i.evolution, ii. design, iii. Refinement, iv. Results, v. Awareness, vi. Adaption, vii. EnlightenmentRead MoreBusiness Complexity And Socio Technical Uncertainty1729 Words   |  7 PagesBusiness complexity and socio-technical uncertainty are two change methods. Choosing one over the other depends on the situation. For example, business complexity can be a large organization with many components. These can include diverse teams, stakeholders, and products. With this type of organization, using the guided change method would be most beneficial. Guided change is an iterative process. It is good when multiple stakeholders need to make decesions. They can be changed in direction

KOA Team Free Essays

The team  KOA works with the motive of solving customer needs with innovative use of technology. Innovation is done by the taking the feedbacks of the existing technologies and comparing with the most dynamic products present in the market. It is expected from us to launch new products and learn from customer interactions to make them better. We will write a custom essay sample on KOA Team or any similar topic only for you Order Now The team works on the flaws by brining in different perspectives to find new solutions to problems. Continuous commerce innovation grounds are laid down at the speed of business. The present website of dell is found to have some flaws for which we are working on making Dell.com more responsive. MOTIVATIONAs we build our Future State Commerce Platform, we believe our success is to build an open, extensible and participative platform that can be extended to meet the diverse needs of customers and our business in a self-service fashion. Research of the industry and defining what a modern Developer Experience Consist of and work dynamics are taken in consideration. Building a strategy that can outline how Dell Digital and IT can build this great Developer Experience. Delivering a prototype that showcases with documentation and code examples what each use case at the end of the project. Embracing the Pivotal Labs development model for continuous improvement and delivery. Empowering all organizations to leverage the platform to create their own services, apps, and experiences. ABOUT PROJECT KOA(A) PIVOTAL PRACTICES Cloud Foundry  is an  open source, multi cloud application  platform as a service  (PaaS) governed by the Cloud Foundry Foundation. The software was originally developed by  VMware  and then transferred to  Pivotal Software, a joint venture by  EMC,  VMware  and  General Electric.   the creation of the Cloud Foundry Foundation, the Cloud Foundry software (source code and all associated trademarks) was transferred to be held by the open source software foundation. It is primarily written in  Ruby,  Go  and  Java. Cloud Foundry is promoted for  continuous delivery  as it supports the full application development lifecycle, from initial development through all testing stages to deployment. Cloud Foundry’s container-based architecture runs apps in any programming language over a variety of cloud service providers. This multi-cloud environment allows developers to leverage the cloud platform that suits specific app workloads and move those workloads as necessary within minutes with no changes to the app. Users have access to one or more  spaces, which typically correspond to a lifecycle stage. For example, an application ready for QA testing might be  pushed  (deployed) to its project’s QA space. Different users can be restricted to different spaces with different access permissions in each. When an application is deployed to Cloud Foundry, an image is created for it and stored internally. The image is then deployed to a  Warden  container to run in. For multiple instances, multiple images are started on multiple containers. This is where  BOSH  comes in – Cloud Foundry’s internal Controller uses BOSH to get the underlying infrastructure to spin up virtual machines to run the Warden containers on. When an application is deleted, all of its containers are destroyed and their resources are freed for other applications to use. If the application instance crashes, its container is killed and a new Warden container is started automatically. A container only ever runs one application ensuring isolation, security and resilience.A load-balancing router sits at the front of Cloud Foundry to route incoming requests to the correct application – essentially to one of the containers where the application is running. PAIR PROGRAMMING We pair our product managers, designers and engineers with counterparts from your team to work side by side, in the same office, 40 hours a week. The deliberate practice of staffing every workstation with two software engineers focused on writing software together. Similar to rally racing, the driver and navigator have the same goal – write high-quality and maintainable code that works. The driver and navigator can often switch roles throughout a programming session (unlike in rally racing). Driver: In addition to what the Navigator does – Actively typing at the keyboard, can yield to navigator   Navigator: Error checking, looking up APIs, thinking about ways to better structure the code, can jump in and drive It is seen that there are lot of benefits in pairing. The team which working through this practice gets boosting efficiency through collaboration during working. Knowledge can be shared dynamically during works hours, thus making the team more enthusiastic and skill can be transferred simultaneously rather than wasting time in learning the same. It not only enhance our skills but also prevents knowledge silo.There is even cent percent transparency in work. KOA PLATFORM TENETS Global: Provide global services that can be configured for regional needs. Customer experience is consistent regardless of location.Modern: Design extensible, scalable, loosely coupled systems and favor open versus closed systems to power experiences from mobile, to desktop, to voice and beyond.Agile: Operate in an ever changing world and to make rapid progress. Empower small balanced teams to operate independently and adapt quickly.Balanced: Technology serves the business and we balance speed of business value delivery with long term technology purity.Transparent: Inspire trust by providing open access to information and services. Progress will be measured by demonstration of capabilities.Pragmatic: When choosing between out of the box and custom solutions, opt for the solution that provides the most flexibility, at the lowest long-term cost. Use Dell technology when possible.Personalized: Start with our internal and external customers and work back to anticipate needs in real time based on data insights. Our systems understand individual customers to present relevant experiences. COMMERCE TRANSFORMATION AND CUSTOMER BENEFITSE Commerce isn’t new anymore, and as its novelty fades we’re seeing businesses looking to hone their digital strategies to perfection. It is found that customer satisfaction is almost always the main goal, and as a result, that is what’s driving most business strategies. This, in turn, is pushing organizations to adopt additional changes and bring in transformation in e-commerce. Some of the new innovation which are going to be implemented in the project is listed below. DELIVERABLES The product should seamlessly interact with Dell Technologies entire Product Offering so that we can achieve our desired outcome across our entire experience. CONCLUSION Become familiar with the most modern technologies used to build great developer communitiesUnderstand the importance of using modern tools to increase velocity of ITOutside in view of Developer ExperiencesInternal interviews and research across Developers and functionsDefinition of Developer Experiences by employee personas (Software Developers, Content Ops, UX Design, Analytics, Business)Deliver 2 to 3 Demos that can be immediately actioned by Dell. How to cite KOA Team, Papers

Father of the Year free essay sample

Many people in Maycomb County , Alabama gathered to watch Atticus Finch defend Tom Robinson , a black man. The odds were already against Tom Robinson and Atticus because Tom Robinson was black and Mayella Ewell was white. Tom Robinson is being accused raping Mayella Ewell in her own home when he was suppose to be helping her with some work. Mayella told Tom Robinson to â€Å" †¦ come here, nigger, and bust up this chifferobe for me, I gotta nickel you. † According to her after she asked him to bust up the chifferobe tree he attempted to rape her. Before Atticus Finch even had a chance to question Mayella , she burst out in tears. She burst into tear when the judge simply said â€Å"Just tell us what happened†. At the stand Mayella was a nervous break down. Within the first few questions that Atticus asked her she freaked out because she thought that Atticus was â€Å"mockin† her. We will write a custom essay sample on Father of the Year or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Atticus was only being polite by calling her maam and Ms. Mayella , and Mayella seemed to just take in offense. During the questioning by Atticus , Mayella kept her same story, that Tom Robinson raped her. She seemed to be unsure about that story mid-way through the questioning. Actually some of her responses to Atticuss questions didnt make sense or she wouldnt respond at all. She told the court room that Tom Robinson hit her with his left hand on the right side of her face, even though his left Crises in Maycomb By: Kevon McClary hand is paralyzed from an accident that accord while he was a child. The odd thing is that Mayella father, Bob Ewell , is left handed and was allegedly at the crime after the â€Å"rape† occurred.Throughout most of her questioning Mayella seemed as if she was confused. Mayella once stated â€Å" No, I dont recollect if he hit me. I mean yes I do, he hit me†. Mayella not speaking clearly during the questioning may lead the jury to think that she is lying about her story. [ In the picture above you will see Atticus Finch questioning Mayella Ewell. ] The last couple of questions that Atticus was asking Mayella , Mayella seemed to be getting angrier by the question. There was absolutely nothing that Mayella Ewell could be getting mad about.If I was in the jury , Mayella getting aggravated, nervous, and crying that would somewhat lead to me believing the she was lying about the whole thing. Mayella really seemed to be enraged when she said her finale statement , â€Å"That nigger yonder took advantage of me an if you fine fancy gentlemen dont wanta do nothin about it then youre all yellow stinkin cowards, stinkin cowards, the lot of you. Your fancy airs dont come to nothinyour maamin and Miss Mayellerin dont come to nothin, Mr. Finch. † My opinion of this trial is that Tom Robinson is innocent.From Mayella freaking out , to the obvious evidence that points out Tom Robinsons innocent. I think that Mayella Ewell is a great person, just raised by the wrong father. In a way it seems like all of Mayella answers were what Bob Ewell wanted her to say . She knows the truth behind it all , whether she wants to tell it or not. Its already obvious to the jury and the courtroom that tom Robinson is innocent. But the only thing is that Tom Robinson is an African American male whose word is not as important as the white man or even the white woman.