Small business in nigeria (management subject) Essay

Small business in nigeria (management subject) - Essay Example Entrepreneurs have a desire to be the master of themselves and have a high degree of commitment. Thus, instead of working for someone else, they choose to start up a small-business of their own. (Longnecker, Moore, Petty J. and Palich, 2005). When it comes to small-business, there is no set definition since different experts tend to define a small business differently. There are many factors through which small businesses are defined, including factors like size of the company, revenue, profits, operations, etc. The Bolton committee for instance has devised a definition of a small business called the economic definition. The economic definition is a more qualitative definition that emphasizes that a firm is called small when it has a relatively smaller chunk of the total market share of the industry, it is managed by owners in an informal and highly personalized environment and does not have a formal structure and that it is not a part of any large concern or a corporation and operates independently. (Corman, and Lussier, 2008). On the other hand, the European Commission defines a small business quantitatively. They coined a term Small & Medium Enterprise (SME) to refer to a small business. According to the European Commission, a business is a micro-enterprise if it has 0 to 9 employees, it is a small-enterprise if it has 10 to 99 employees and it is a medium-enterprise if it has 100 to 499 employees working under its umbrella. Organizations with employees 500 and above are hence called large-enterprises. Thus, a small business, in its true essence, is basically any firm that has a relatively smaller number of employed workers, has a small concern in the market, has a very informal organizational structure etc., however, at the end of the day, the exact measurement of any business as â€Å"small† is still a very vague concept and experts and analysts have thus been interpreting it differently according to the given situation and the circumstances.

Week 7 discussion Essay Example | Topics and Well Written Essays - 250 words

Week 7 discussion - Essay Example Each pair of students will stand at the end of a one hundred meters track stretch. Along the track, there will be minor obstacles such as ankle length huddles, tires and a simple block puzzle. One student leads another blind folded student through the obstacles to the end of the track where they will â€Å"tap you are it† the other half of the team and they will go through the same process. . The students, in their respective groups, will carry out the obstacle race activity under strict supervision. It is imperative that the gym instructor is present. Also, the winning team will get small gifts like â€Å"cool† pens. The concept here is to provide a fun way to explore the importance of meaningful interpersonal relationships. The blind fold is crucial to introduce the aspect of human dependence. The students, within the groups, will comprise of different genders, race and ethnic background; the aim is to show that human cooperation goes beyond societal prejudices. The obstacles will make the activity more challenging and competitive. This activity is a break from other activities such as watching films that have graphic scenes of acts of intolerance in society such as racial prejudice. Also, the aspect of fairness will be brought out as the gym instructor and I oversee the activity to ensure that the winner is legitimate. Good morning class? Please confirm that your attire is well won, fitting and shoe laces are well tied to avoid any accidents. In previous lessons, the subject of tolerance and meaningful human interactions has concentrated on books with literature on heroes such as†¦ (The students should then raise their hands to give relevant examples). However, this class needs a practical example on how to set aside differences and work as one human entity. I will divide the students into groups of four, two girls and two boys (it will not be evident to the students that the groups are heterogeneous in