Individual Case Assignment
Crowdfunding is a method of collecting money from individuals to fund an idea. This idea will turn into a business. This method connects investors or supporters to entrepreneurs. The main strengths of this method are market testing, money accessibility and decisions will be made by entrepreneurs. The weaknesses include administrative challenges, accounting challenges etc. This method is internet based and so investors may not get sufficient advice. This article mainly focusses to increase the knowledge on crowdfunding.
The crowdfunding approach is useful to both entrepreneurs and investors. For entrepreneurs, it is a tool for marketability testing. For individuals, it contributes to those ideas they believed. Even though there are many advantages of crowdfunding, it is illegal almost everywhere. The changes are now being made legally. This method involves entrepreneurs, intermediaries and investors. The mutual cooperation between these three results in crowdfunding. Entrepreneurs are the one who fail to raise money in other ways and are seeking finance through this method. These people’s main aim is to raise capital. They make the company’s decisions themselves. Intermediaries are usually the platforms of crowdfunding. A specialized website acts as the platform for crowdfunding. Investors are group of individuals who fund money. These individuals may get some small things in return (Turban, Volonino, Wood, 2013).
First of all, we discuss the analysis part of the crowdfunding which is called SWOT analysis. With a specific end goal to explore and assess the new marvel of crowdfunding, qualitative assessment is conjured. SWOT analysis i...
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Hotbrook. (2012). The Risk of Crowdfunding. Retrieved From
http://ezproxy.nwmissouri.edu:2071/essentials/article/GALE%7CA322329675/640de68013f5418a0355d0013701c66e?u=nwmosu_owens
Miller. (2013). Crowdfunding. Retrieved From
http://crowdfunding.about.com/od/How-to-crowdfund/fl/Crowdfunding-a-new-way-to-raise-money-for-your-business.htm
Turban, Volonino, Wood. (2013). Information Technology For Management Advancing Sustainable, Profitable Business Growth (ninth edition).
Valanciene, Jegeleviciute. (2013). Valuation of Crowdfunding: Benefits and Drawbacks. Economics & Management. 2013, Vol. 18 Issue 1, p39-48. 10p. 2 Charts. Retrieved From
http://ezproxy.nwmissouri.edu:2067/Library/IPChecking.asp?http://ezproxy.nwmissouri.edu:2057/login.aspx?direct=true&db=buh&AN=95278200&site=bsi-live
... Crowdfunding is based on quality and innovation, not on profit. A project needs to catch enough interest in order to be realized. This forces innovative architectural concepts. Conclusion The new mechanism = the crowd instead of the old centralized organizations plus the new driver = the quality instead of profit eventually leads to a new highly participatory society redefining our own relationship to the environment.
My second article is, Technology Tutor:” Bring your idea to life through crowdfunding.” by Rob Reinhardt. Crowdfunding is the process of raising money for a project from a large number of people usually through the internet. In some instances crowdfunding is a form of presale, giving people the opportunity to order the product before it actually exists. The person or company with the idea can pay for the manufacture of the product with the funds being raised while also making a profit, thus raising capital for continued production. There are currently more than 500 crowdfunding websites in existence. I learned that in order to have a successful campaign you need a large number of people,
Lawrence, A. T., & Weber, J. (2014). Business and Society (14thth ed.). New York, NY: McGraw-Hill Companies Inc
Helping Hand’s Board of Directors consists a Chief Executive Officer, Chief Finance Officer, Chief Operating Officer, Vice President of Finance, Secretary, Vice President of Programs, and a Vice President of Relations. The governing board holds ultimate responsibility for the nonprofit organization (Worth, 2014, p.94). This is our time to lead Helping Hand in the direction it needs to go. We have to stress our responsibilities such as legal responsibilities, functional responsibilities, and they establish standards for the organizations performance. I felt that we should use the SWOT analysis for analyzing our condition as an organization.
The case study is about an interview, conducted to four venture capitalists from four of the most prominent VC Silicon Valley firms, Kleiner Perkins Caufield & Byers (KPCB), Menlo Ventures, Trinity Ventures and Alta Partners. These firms invest both in seed as well as in later-stage companies, which operate mostly in the information technology sector. However, each VC has developed different sector portfolio depending on the expertise of the venture capitalists, the partner network and other factors. Professor Mike Roberts and Lauren Barley a senior research associate, both from Harvard Business School, have made a series of seven questions to their interviewees to understand how they evaluate potential venture opportunities and what they look at in order to decide if they will fund them and in which way. The questions were dealing with how VC’s evaluate potential venture opportunities, how they conduct due diligence, what process id followed for the decision making, what financial analyses is performed, the role of risk in the evaluation and how they think of potential exit routes. These questions were asked individually and revealed several similarities as well as differences in the strategy and the criteria that are used for the evaluation.
Adelman, P. J., & Marks, A. M. (2010). Entrepreneurial finance. (5 ed.). Bedford, Texas: Prentice Hall.
In the beginning, businesses used information technology for automating the processes primarily to reduce labor costs. Subsequently, information technology is used for delivering information with speed and accuracy.
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
Turban, E. (2009) Information technology for management : transforming organizations in the digital economy. 7th ed. Hoboken: John Wiley & Sons Inc.
Managers must understand how to achieve efficiency internally through applying new technology to operational processes. Managing new technology requires a thorough understanding of business technology management.
Paige B., Brian D. and Cameron W. (2012). Business Driven Information Systems, 3rd Canadian Ed. 300 Water St, Whitby, ON L1N 9B6, McGraw Hill Ryerson Ltd
In the first place, computer technology can not only improved quality of working but also enhance student’s learning. In the modern society, computer technology becomes more popular in many companies. The reason is that it is able to improve working efficiency and quality. If every worker has abilities to operate and use computer technology, they can save more time to do another things. This means individuals can spend less time on working to do the same quantity of works as before. Most importantly, improving working efficiency and quality is favorable for business operating in the future. For example, more and more companies like to use digital technology to analysis their data. Digital technology is a kind of computer technology that is always used in business. The information created by digital technology and used by others will grow faster than anything else. The Economist reported in 2010 that data management and analytics are worth more than $100 billion and are growing at almost 10% a year, roughly twice as fast as the software business as a whole (Orange, 2014). This is a dramatic increase in working efficiency that is caused by computer technology. Besides, computer technology could also be used to predict further performance of a company, which is
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 ... ...
Advances in technology have changed businesses dramatically, in particular the communication and information technology that are conducted in firms, which changed the appearance and pace of businesses over the past few decades. ICT in particular, has evolved a lot over the past 30 years; important information can be stored in computers rather than being in drawers enabling information to be transferred at a greater volume and speed (Guy, 2009). ICT has also expanded various forms of telecommunications and workload conducted in businesses, internet examples of this include: e-mails can be used to communicate with others...