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Showing posts from June, 2024

Lack of Access to fresh, healthy, and affordable Food (Food Desert)

                                                                    Food Desert (Gettysburg, 2014) Ibrahim Saeed Mohammed Saif (TP076440) Farming food locally is therefore a viable and efficient way of feeding people around the globe especially in food desert areas. It empowers the people to engage in farming by developing and supporting concept of community gardening and urban gardening (Kaiser 2011). This not only helps to ensure that the community has access to the essential nutrients in the food which is very important but also ensures that the community has ownership and thus whenever they get involved in the production of food they do so willingly and not out of force.   Also, supporting farmers and local food by buying’s including farmers markets and direct to consumer programs helps residents access fr...

Business Dynamics: Culture and Investments

OSAMAH AHMED AL-NAGGAR(TP078781) Generated by Adobe Firefly Business dynamics plays a critical role because they define the nature and complex behaviors that shape business functioning and development processes. Some of them are market trends, competitors, innovations, legal requirements, and customers. The variations in the supply and demand of the market can influence the pricing approaches and overall profits. The Competitive forces push the firms to make changes that enhance the quality of goods and services being offered. (Market Dynamics Model | GfK, n.d.)  Sustaining techs can bring about changes in business systems and methods of producing goods and services and as such change industry systems. In today’s world, it is not unusual for business environments to be affected by new laws and changes to compliance, where the processes may add new costs or create new opportunities. The culture of consumers and the studies of factors within the economic world define the demand for...

Effectuation

 OSAMAH AHMED AL-NAGGAR(TP078781) (University of Virginia, 2019) Effectuation is considered a framework of entrepreneurship designed for decision-making that focuses on taking advantage of accessible resources and adaptation to changing circumstances. It was developed by Saras Sarasvathy in a way that focuses on setting specific goals and systematically planning to achieve them, which is contrasted with the traditional causation approaches. Instead, effectuation starts with the available tools, letting objectives develop naturally through recurrent processes of engagement with stakeholders and the environment. (What Is Effectuation? Effectuation 101, n.d.) Central to effectuation is the "Bird-in-Hand Principle," which encourages entrepreneurs to begin with what they know, who they are, and whom they know. This principle highlights the importance of using existing resources and capabilities to take initial steps and shows how crucial it is. The "Affordable Loss Principle...