Crowdfunding:
The way of raising money for new projects by asking a large number of individuals via Web is called as crowdfunding. It is also called as crowdfinancing (Turban, Volonino, Wood, 2013). “Crowdfunding is a new internet-based method to raise capital by accepting poor small amount of money from individuals” (Valancience, Loreta, jegeleviciute, and sima, 2013). Even though crowdfunding is in existence for about 10 years as a digital concept, it wasn’t in great effect until 2008 (May, Jonathan, 2013).
This paper covers the types of crowd-funding platforms, how crowdfunding works? , The status of Crowdfunding in the U.S. and Abroad, Strengths and weaknesses of crowdfunding.
There are several types of crowdfunding platforms. This paper includes the four crowdfunding platforms which are mostly used (Colgren, David, 2014). Donation-based crowdfunding, here people donate money to help a cause but didn’t get anything in return. Rewards-based crowdfunding, here people receive a reward in exchange for their promised money. Credit-based crowdfunding, here people lend money to a company or an organization in exchange for an interest rate. Equity-based crowdfunding, here people receive an equal investment in exchange for the money promised.
Crowdfunding is not only the way to connect entrepreneurs to supporters, but also gives chance to ordinary people to invest the small amount of money and, it works mostly using internet which is a high priority for most people to interact with the real world (Valanciene, Loreta, Jegeleviciute, Simha, 2013, p 39-48) . Crowdfunding works by based on the collaboration between investors, intermediaries and entrepreneurs. Here, investors are ordinary people who invest for the ideas they find promisin...
... middle of paper ...
...kie,ip,uid&db=buh&AN=95445350&site=ehost-live
May, Jonathan(2013) Financial Management. Retrieved from, http://www.nwmissouri.edu/Library/IPChecking.asp?http://search.ebscohost.com/login.aspx?direct=true&AuthType=cookie,ip,uid&db=buh&AN=91860809&site=ehost-live Lev-Ram, M.Wagner, Kurt (2013) Fortune. Retrived from, http://www.nwmissouri.edu/Library/IPChecking.asp?http://search.ebscohost.com/login.aspx?direct=true&AuthType=cookie,ip,uid&db=buh&AN=87589663&site=ehost-live Turban, Volonino, & Wood (2013) Information Technology for Management: Advancing Sustainable, Profitable Business Growth (Ninth edition, pg. 86-88)
Valanciene, L.Jegeleviciute, Sima(2013) Economics & Management. Retrieved from,
http://ezproxy.nwmissouri.edu:2067/Library/IPChecking.asp?http://ezproxy.nwmissouri.edu:2057/login.aspx?direct=true&AuthType=cookie,ip,uid&db=buh&AN=95278200&site=ehost-live
Jim’s responsibility in Tanzania is to invest for financial, social and environmental value for each client. By giving KiraFlour the loan, Jim would be creating financial value for the company’s stakeholders, while creating social and environmental problems...
Strategic use of information systems is one of the most important issues facing firms in today’s business environment. Information systems (IS) can either enable or hinder business growth, so organizations must learn to use IS advantageously. The case study “Building Business Agility at Southwest Airlines” by Ross and Beath (2007) demonstrates how a firm can drive business success through a revolutionary change in its use of IS. In the following case analysis, I will introduce and evaluate Southwest Airlines, describe and analyze its approach to IS as outlined in “Building Business Agility at Southwest Airlines,” and provide future recommendations for the company.
University of Idaho. (2014). Information Technology Services: Appendix 1: ITS Analysis of Strengths, Weaknesses, Opportunities and Threats. Retrieved from http://www.uidaho.edu/its/strategic-plan/appendix-i.
For many, the dot com collapse in the mid nineteen nineties seemed like the end of corporates’ place on the internet. Very few people trusted these new online companies, which led to many promising websites disappearance, but a few Silicon Valley projects that were able to survive greatly shaped the new wave of e-commerce. Following in the footsteps of success stories such as Amazon.com, many companies have reshaped the way they conduct online business and are fighting to stay in front of new technological advancements during this decade of rapid technological change. The history of Amazon’s success, transformation, and creation is a good reference point to a developing problem world-wide, the displacement of jobs due to the internet and other
Spagnoletti, Paolo. Organizational Change and Information Systems: Working and Living Together in New Ways. Berlin: Springer, 2013. Internet resource.
1a: The key players in the market; and the types of investments available to both individual investors and institutional investors,
Micro-loaning is designed to break the cycle of poverty by allowing low income residents access to outside funds, which they were previously restricted from. These funds give the opportunity to participate in investments, such as small businesses, and create a steady flow of income. Micro-loaning provides financial services for those who might have low or no income, as well as not having the official documents required when applying for a regular loan. With the goal of low interest and easy application, micro-loaning appears to the most efficient, alternative way of alleviating poverty. To help gain a better understanding of micro-loaning; we will explore the micro-finance history and its organization, poverty and the target subject of this organization, and the benefits and backfires of providing these services.
Sometimes people invest in businesses, but they are unable to thrive through financial crisis when they arise. The book has used several examples to helps business managers to see through their institutions during financial depression periods. When business management uses various innovative ideas, it can be able to defeat market inflations that affect the business. Investing in many innovative ideas helps business to ship in profit from different sources. The sources of income mutually benefit from each other. Therefore, should one source fail it can be supported by others. The book has given various concepts in business management. These concepts help managers in collective decision making that propel business towards goals achievement. The concepts in the book also help managers and entrepreneurs in managing the workforce in an organization. The book has also given the concepts that help business stakeholders in investing in innovative ideas that can be well integrated with modern business. It has also given case studies that help the readers to have a deeper understanding of the management
Effectively integrating information technology (IT) into an organization’s business processes is critical if the organization wants to increase productivity and remain profitable. IT includes items such as the systems software, application software, computer hardware, and the networks and databases that help manage the organization’s information. When implementing quality standards and processes that are forever changing in the IT world, organizations must balance these changes while continuing to rapidly implement new systems technologies in order to stay competitive.
Microcredit can be defined as small loans, or microloans, for people around the world in extreme poverty to help spur entrepreneurship. The issue of microcredit is extremely important in the world’s economy. Poverty alleviation and economic development are the primary goals of microcredit programs, that is why they began in the developing countries of Asia and Latin America, economist Muhammad Yunus and his Grameen Bank in Bangladesh are credited of pioneering this financial innovation (Smith, Thurman, 2007). After acquiring a loan, impoverished people get involved in self-employment projects that help them to start a business and begin generating income and in many cases leave poverty. Microcredit offers loans to poor people without requesting any financial history from them. These loans help to improve the quality of life of individuals and communities through commitment. In recent years, the idea of giving small loans to poor people became the darling of the development world, giving a way to propel even the poorest people into better lives (Jolis, 2011).
financing. They are often comparatively modest, in-order to help the founders get on their feet, build
Zeleny, M (ed.) 2000, The IEBM handbook of information technology in business, Thomson Learning, London.
3. F. Cornelli, S. De Capitani Di Vimercati, S. Paraboschi, and S. Samarati. Choosing reputable servants in a P2P network. In Proceedings of the 11th World Wide Web Conference, May 2002.
Perry, B., 2005, Organisational Management and Information Systems. [e-book] Oxford; Elsevier. Available at: Google Books . [Accessed 14 November 2013]
Studying Banking and Finance at University of St.Gallen will help me further increase my proficiency in corporate finance and financial markets. The in-depth research of specific topics, as well as a comprehensive curriculum, is a possibility for me to focus on my topic of interest – the mechanisms and institutions involved in providing venture capital and identifying angel investors as means to encourage innovation.... ... middle of paper ... ...