Posted in Organizations on Nov 27th, 2010 No Comments »
A decentralized organization offers workers greater freedom, empowerment, and the ability to be innovative. This creates a much more satisfying environment to work in. However, Walmart is, in a way, the complete opposite. It is a centralized organization that enforces strict rules that doesn’t make any allowances. The employees at Walmart are all required to […]
Posted in Organizations on Nov 27th, 2010 No Comments »
Usually, products that you buy in store come from a long supply chain. Once it is produced by the manufacturer, it goes through the distributor into warehouses, then to the retailers, and finally to the hands of the consumers. However, that means the product will go through double marginalization, which will cost more to customers […]
Posted in News Articles on Nov 22nd, 2010 No Comments »
On November 16th, the banks in Ireland faced great troubles from the collapse of the “real-estate bubble”. This caused many investors to withdraw tens of billions of euros. The fear caused not only the loss of investors and liquidity funds, but also a government that was unable to provide a bailout. To save other countries […]
Posted in News Articles on Nov 16th, 2010 No Comments »
To me, Facebook was simply a very popular website that people go on to socialize with others. It did not occur to me that Facebook is an entrepreneurial venture, and one of the most successful ones out there. It meets all the definition points of entrepreneurship: great amount of wealth creation, fast speed of such […]