How Small Business Drives US Economy

What really drives the U.S. economy? No, it is not war. In fact, it is small business -- firms with fewer than 500 employees -- that drives the U.S. economy by providing jobs for over half of the nations private workforce. In 2010, there were 27.9 million small businesses in the United States, compared to 18,500 larger firms with 500 employees or more, according to the U.S. Census Bureau. These and other statistics outlining small business contribution to the economy are contained in the Small Business Profiles for the States and Territories, 2005 Edition from the Office of Advocacy of the U.S. Small Business Administration (SBA). The SBA Office of Advocacy, the small business watchdog of the government, examines the role and status of small business in the economy and independently represents the views of small business to federal government agencies, Congress, and the President of the United States. It is the source for small business statistics presented in user-friendly formats and it funds research into small business issues. Small business drives the American economy, said Dr. Chad Moutray, Chief Economist for the Office of Advocacy in a press release. Main Street provides the jobs and spurs our economic growth. American entrepreneurs are creative and productive, and these numbers prove it. Small Businesses Are Job Creators SBA Office of Advocacy-funded data and research shows that small businesses create more than half of the new private non-farm gross domestic product, and they create 60 to 80 percent of the net new jobs. Census Bureau data shows that in 2010, American small businesses accounted for: 99.7% of U.S. employer firms;64% of net new private-sector jobs;49.2%   of private-sector employment; and42.9% of private-sector payroll Leading the Way Out of the Recession Small businesses accounted for 64% of the net new jobs created between 1993 and 2011 (or 11.8 million of the 18.5 million net new jobs). During the recovery from the great recession, from mid-2009 to 2011, small firms -- led by the larger ones with 20-499 employees -- accounted for 67% of the net new jobs created nationwide. Do the Unemployed Become Self-Employed? During periods of high unemployment, like the U.S. suffered during the great recession, starting a small business can be just as hard, if not harder than finding a job. However, in March 2011, about 5.5% -- or nearly 1 million self-employed people – had been unemployed the previous year. This figure was up from March 2006 and March 2001, when it was 3.6% and 3.1%, respectively, according to the SBA. Small Businesses Are the Real Innovators Innovation – new ideas and product improvements – is generally measured by the number of patents issued to a firm. Among firms considered â€Å"high patenting† firms – those being granted 15 or more patents in a four-year period -- small businesses produce 16 times more patents per employee than large patenting firms, according to the SBA. In addition, SBA research also shows that increasing the number of employees correlates with increased innovation while increasing sales does not. Do Women, Minorities, and Veterans Own Small Businesses? In 2007, the nation’s 7.8 million women-owned small businesses averaged $130,000 each in receipts. Asian-owned businesses numbered 1.6 million in 2007 and have average receipts of $290,000. African-American-owned businesses numbered 1.9 million in 2007 and have average receipts of $50,000. Hispanic-American-owned businesses numbered 2.3 million in 2007 and have average receipts of $120,000. Native American/Islander-owned businesses numbered 0.3 million in 2007 and have average receipts of $120,000, according to the SBA. In addition, veteran-owned small businesses numbered 3.7 million in 2007, with average receipts of $450,000.

Swing Music Essay example - 887 Words

Swing Music During the nineteen thirties and nineteen forties a certain style of music became very popular. This style of music became known as swing. It was performed using rhythmic riffs and is referred to a style of dance and band arrangements. America maintained swings popularity throughout the World War Two years when both large and small ensembles toured Army and Navy camps both at home and abroad. At home, swing was heard at bond sale rallies and community concerts. The new sub-culture of women workers also adapted boogie-woogie and other novelty and jive styles. There are two forms of swing; performed swing and recorded swing. Recorded swing was stricter, and performed swing allowed much more improvisation.†¦show more content†¦A popular form is the Smooth Lindy, which is basically a Lindy with no kicking patterns or Charleston. East Coast swing, otherwise known as the Jitterbug is another type of swing dancing. It is more social and less acrobatic. Although this style of swing is what most people learn at first, it is not really a swing-era dance. (This dance is learned as, One and two, three and four, rock-step.) Most swing dance had an eight-count rhythm. (Counting to eight, with each beat equal to one step.) With the evolution of the 12-bar blues, however, the jitterbug lost two counts and became the dance of early rock-and-roll. It is taught as a swing dance, however, because it is much easier to grasp than the Lindy. This dance was not created until the 1950s. The version that is taught most often is done to fast big-band music and is also called East Coast Swing. Another type of swing is West Coast Swing. It is a six-count or eight-count dance where the man moves the woman in a straight line, the slot, while he steps out of the way, instead of the circular patterns of the Lindy Hop. The dance is also danced to much slower music than East Coast which allows for more time for intricate steps and synchronized movements between partners. Hand Dancing is another type of swing dancing. This dance developed in the D.C. area in Wahsingtons African American community. It was developed in theShow MoreRelatedElectro Swing And Its Place Of Music History1833 Words   |  8 PagesELECTRO SWING AND ITS PLACE IN MUSIC HISTORY Pedro Osuna Ardoy Although many people would argue that electro swing is to be heard as EDM and not as jazz, electro swing can actually help us rethink the lines we draw between jazz and dance music because it shares the function of early jazz more than jazz as art music. What is electro swing anyway? A lot of people ask themselves this question, and nobody seems to have a closed answer. The website ‘electro-swing.com’ tries, but ultimately concludesRead More SING SING SING Essay examples1262 Words   |  6 PagesSING SING SING I used to always go over to my grandparent’s house and watch my grandfather go crazy over this â€Å"Jazz† music. He explained to me that it wasn’t Jazz unless it swung like the greats. I listened to a song â€Å"Sing Sing Sing† the other day from one of my Jazz collections that my grandpa gave to me and realized that their was so much energy and pizzazz in this music. He explained to me that it was all put together by a guy named Benny, and I understood why. Benny Goodman, bornRead MoreJazz and World War Ii: Reciprocal Effects and Relationships Essay854 Words   |  4 PagesWar II: Reciprocal Effects and Relationships Both Jazz music and World War II had a significant impact on each other. Jazz music boosted the morale of soldiers fighting abroad and also lifted the spirits of their loved ones back at home. Many jazz musicians were soldiers, and several others traveled overseas or across the country to entertain U.S. troops. Among these performers were Bing Crosby, Artie Shaw, and Benny Carter. Jazz music was not only evident in American culture, but also in EuropeanRead MoreThe World War I And The Great War1684 Words   |  7 PagesGlenn Miller is an icon never to be forgotten. With his take on music, and traveling the world to different places, being an amazing influence to many young people got him far in his career of big band swing music. Art and music is also known as formal music, serious music, erudite music, or legitimate music (sometimes shortened to legit music) —is an umbrella-term used to refer to musical traditions implying advanced structural and theoretical considerations a nd a written musical tradition. WorldRead MoreAnti Semitism On Swing Kids And School Ties1232 Words   |  5 PagesAnti-Semitism in â€Å"Swing Kids† and â€Å"School Ties† â€Å"Anti-Semitism has no historical, political, and certainly no philosophical origins. Anti-Semitism is a disease†- Daniel Barenboim. According to the â€Å"Merriam Webster Dictionary† anti-Semitism is defined as â€Å"hatred of Jewish people.† Two films were released in the 1990’s that deal with different issues involving anti-Semitism. One titled â€Å"Swing Kids† was set in Nazi Germany and tells the story of a group of teenage resisters who rebel by doing swing dance, butRead MoreNat King Cole s Vocal Style1434 Words   |  6 Pagesin an extremely religious household outside of Chicago. His mother was the choir director of the church, and his father a Pastor. Cole began learning piano around age four, which would lead to him dropping out of school at 15 to pursue a career in music. Cole’s first band was called the Royal Dukes. In 1936, he left home at age 17 to perform with the national tour of Shuffle Along. Cole’s piano te chnique was greatly influenced by Earl Hines. Cole himself once said that he â€Å"owed everything to thatRead MoreThe Birth, Life, And Resurrection Of Swing1673 Words   |  7 PagesResurrection of Swing The recent increase in attention to Swing dancing has brought along a sense of nostalgia with it. This pleasant dance movement is largely fueled in part by the images of what would be today’s youth grandparents’ time, which have been passed down. The reality of Swing though was that the true Swing Era of 1935 to 1945 occurred during a time unrest, and was filled with racial tension, war, poverty, adolescent unrest, and gender discrimination. In fact, the era of Swing encompassesRead MoreMHL 145 Chapter 6 Essay725 Words   |  3 Pagesï » ¿ 1. Describe the ways in which swing music and popular culture were interrelated during the time known as the swing era. There were many ways in which swing music and popular culture were interrelated during the time known as the swing era. Jazz became the cornerstone of popular culture during the period known as the swing era. The swing era influenced clothing styles, retail marketing, fashion, dance, and even language. Swing fans had their own clothing style and built a social phenomenon aroundRead MoreSwing Girls Movie Review562 Words   |  2 PagesJapanese culture itself. Jazz certainly has a major influence on Japanese music styles. This influence also affects Japanese society. Jazz is like a pot of wine with continuous fermentation, spreading its flavor to different generations of Japan. The love of jazz is very enthusiastic, people from kids to elders are all aware of this genre and many of them participate in school bands, society bands and other groups that perform jazz music. Here is one track of a Japanese high school band performing â€Å" HowRead MoreBenny Goodman s King Of Swing1363 Wo rds   |  6 PagesBritany Reed Dr. Keast Music April 15, 2015 Benny Goodman Benny Goodman the â€Å"King of Swing†. A man who owned the American Jazz and an amazing swing musician, clarinetist, and bandleader. This naming him as the infamous â€Å"King of Swing†. Goodman led the most popular musical groups known in America. Goodman was recognized as putting the most important jazz concert in history out to the public in 1938. Singlehandedly being the most recognized clarinet player for this era and doing it flawlessly

Business Intelligence For Human Resource Management

There are considerable of business intelligence applications in real world that are composed by the four basic elements of business intelligence to access the data [6] .see Figure above. The system of Humana Resource Management uses also business the tools ofintelligence tools. Using business intelligence for human resource management, it predicts which workers are likely to perform well; it predicts which workers are likely to get their leave, recruiting intelligently based on performance records, based on organization, turnover prediction, staff demographics.The aim of this project is precisely to work on that issue, trying to understand how HR managers can bring administrators to participate and collaborate in a BI architecture[26]. The†¦show more content†¦[29]Moved the BI component and work of structure for an incorporated BI application. The OFBiz distribution is organized into directories and files. At the highest level is the installation or install directory. [30]Th is directory containing all the files needed by OFBiz to start up and run and it contains the five parent Component directories: †¢ The work structure directory contains all the Components necessary to run OFBiz. Many of the other Components are depending on components in this directory. It is loaded at first during the initialization of the system. †¢ The directory of applications contains Components that represent many of the business related applications packaged with OFBiz. For example, you will find the manufacturing, content management, and order management components and associated applications in this big directory. †¢ The directory of special purpose contains yet more OFBiz packaged applications and components. †¢ The directory of theme contains all the resources necessary to implement one or more OFBiz themes. †¢ The directory of hot deploy intended for the placement of all new applications and components.The out of the box is empty, containing no OFBiz artifacts. These parent directories are not components in and of themselves, but rather are directories that join similar components.[27] The oorganization of components this way makes itShow MoreRelatedIn The Healthcare Industry, The Power To Collect, Assess,1107 Words   |  5 Pagesvaluable strategic resource that any organization can use to improve its competitive advantage. Data management is an imperative in this industry and various stakeholders operate on data in multiple information systems. Daily operations for a healthcare institution depend on data. Healthcare providers are often faced with challenges due to working with disparate data sources, and finding correlation and connecting the data being stored is essential.(Kapoor,2010) Human Resource specialist are theRead MoreThe Hr Trend : Greater ( Job ) Mobility1233 Words   |  5 Pages1. The HR Trend – Greater (Job) Mobility Human resources professionals who have sole HR responsibilities for their organization are faced with 10 trends affecting HRM. Thus, planning for and adapting to these changes in the workplace becomes an integral part of the HR professional’s job. The video highlights ten (10) trend affecting human resources management, one such being Greater (Job) Mobility. According to the Video, â€Å"You may find that more of your employees are willing to take short termRead MoreMy Career Goals, Strengths, Weaknesses, And Weaknesses1003 Words   |  5 Pages1. Introduction This portfolio has been developed for the sole purpose to explore my personal experiences in BSB124 Working in Business and particularly my interpersonal effectiveness. In order for me to achieve my career goal in Human Resource Management, understanding interpersonal aspects will have a positive affect on me within the workplace (Gregorio, 2012). Within this portfolio, I will examine my own intrapersonal strengths and weaknesses regarding these competencies likely to help me inRead MoreThe Role Of Internal Planning On Strategic Planning921 Words   |  4 PagesDSS in Strategic Planning Casey Matta Walden University Business Intelligence Business Intelligence, also referred to as BI, has been defined in many ways. The earliest definition comes from 1958. At this time business intelligence â€Å"was seen as the ability to apprehend the interrelationships of presented facts in such a way as to guide actions towards a desired goal† (Turning Data into Actionable Information). Business Intelligence encompasses the following elements: Reporting, Analysis, DataRead MoreEmotional Intelligence And Self Management858 Words   |  4 PagesEmotional Intelligence is the ability to control your emotions without drama or confrontation. This is a direct reflection of people skills or interpersonal skills. We have to control our emotions especially in business anytime people are involved. Sometimes emotions flare and tempers follow even in the workplace but one who has control of their emotions or high interpersonal skills will not allow anyone to provoke them into this type of behavior. When people are interacting on the job someone mayRead MoreEssay The Challenge of Developing Successful Leaders 1237 Words   |  5 Pagesorganizations fail to cultivate the human resources that they already have because; they are unaware of their employees’ potential, they have not implemented a program for mentoring and development, or they may not have the funds to invest in training and development to further their employees’ capabilities. The Society for Human Resources relates that â€Å"developing the next generation of corporate leaders† is one of the major concerns of the majority of human resource executives (â€Å"Future HR ChallengesRead MoreHuman Resource Management: Health Care Organization1812 Words   |  7 PagesHuman resource management in a health care organization Introduction Managing human resources helps health care organizations to be effective. Human resource management (HRM) functions involve the recruitment, placement, evaluation, compensation and development of the employees of an organization. Human resource management incorporates various functions. The primary function of HRM is to increase the effectiveness and contribution of employees in the attainment of the goals and objectives ofRead MoreEssay about Brown B MIS5000 8 51328 Words   |  6 PagesMIS5000-8-5 What is a CRM, SCM, and ERP? (CRM) stands for customer relationship management. Customer relationship management is the â€Å"Business and technology discipline that uses information systems to coordinate all of the business processes surrounding the firm’s interactions with its customers in sales, marketing, and service† (Laudon, P. Laudon, C). (SCM) stands for supply chain management systems which is â€Å"information systems that automate the flow of information between a firm andRead MoreHuman Resource Management And Organizational Strategy752 Words   |  4 Pagesvalues the employees, and favoring intelligence over experience in his employees. In modern society, human capital is the most dynamic resources for a company. How to attract excellent human resource and utilize their ability to reach organizational goal is something managers should think about. Strategic human resource management could explain the relationship between human resource management and organ izational strategy. The idea of strategic human resource (management) is a relatively new conceptRead MoreHrm 560843 Words   |  4 PagesEthical Issues In HRM Strategy Brandi Hancock HRM 530 Strategic Human Resource Management October 30, 2012 Dr. Lila Jordan Ethical Issues in HRM Strategy Identify areas of overlap in the new client organization with other that you have had as clients When hired as a newly HRM (Human Resource Management) consultant, you must first have understand of the role before beganing assisting with any issues or other areas of overlap. The primary role of a HRM consultant â€Å"is to assist the client

Business Intelligence in Contemporary Organizations

Question: Discuss about theBusiness Intelligence in Contemporary Organizations. Answer: Introduction In todays competitive business environment, it is essential for the organizations to collect and store the information related to the various fields in order to make strategic decisions. In this, business intelligence plays an important role in collecting and analyzing business related information significantly to develop decisions. In this way, this paper discusses the business intelligence and the effectiveness of business intelligence in providing competitive advantages to the firm. Along with this, this report also discusses the use of data mining and analytics impact on the decision making in an organization. Business Intelligence (BI) In current dynamic and complex business, firms seek ways to manage information effectively, which raises popularity of BI. BI applications become one of the major technical priorities of firms recently. In the words of Hribar RajteriÄ  (2010), Business intelligence (BI) is a broad category of technologies, applications, and processes for gathering, storing, accessing, and analyzing data to help its users make better decisions. It defines BI as technological applications, which facilitates better management of data and decision making in business. On the other hand, Gurjar Rathore (2013) state BI as frameworks, applications and technologies, which allow organizations to transform raw data into valuable knowledge for facilitating informed decisions at the strategic and operational levels. BI enables businesses to make insightful use of information for improving and optimizing performance. BI includes range of technological applications such as data warehouse, data analytics, data integration, master data management and others, which helps a firm to manage information systematically and effectively. Currently, businesses accept information from variety of sources such as loyalty card, ATM card, social media, mobile phones and other similar tools, which develop huge amount of information (Elena, 2011). BI includes a bunch of methods and technological applications to store, integrate, analyze and disburse the information to the different departments of an organization for allowing them to make meaningful and sensible strategies to contribute in performance improvement (Rust et al., 2011). The demand of big data analytics and software is likely to grow significantly in future. In 2020, around 40% of an organization investment is expected to focus on implementing tool and applications of BI (Forbes, 2016). These technologies allow businesses to take an overview of historical, present and predictive state of the operations and to manage them accordingly. BI includes execution of different technologies for facilitating data management and analysis to provide valuable knowledge to the businesses regarding their operational areas on real-time basis (Elena, 2011). BI includes several decision support technologies that provide businesses a capacity to leverage data asset, which they obtain from the range of sources. Without leveraging data, it is difficult for firms to get success and to sustain themselves in the highly competitive business environment. An effective use of BI requires skilled personals to make useful and relevant interpretation from the analyzed data (Chaudhuri et al., 2011). It is an important factor that causes difference in the application of BI technogies for performance improvement. BI for Competitive Advantage Knowledge becomes a rare and valuable resource or asset in the contemporary organizations due to its importance in creating competitive advantage. Firms use several tools to interact with the customers in contemporary organization such as feedbacks, website, debit card transactions, social networking sites, e-mail and others, which develops a very large amount of data. Through BI, firm can store, organize, manage and compare data effectively for understanding needs and preferences of consumers effectively and to make informed improvement in the offerings. It may help a firm to attract customers and to increase sales, which provides as source of competency (Phan Vogel, 2010). Cost advantage and differentiation are two major strategies of achieving competitive advantage in this complex business environment. For example: Tesco, UKs largest retailer uses data analytics tools to determine relevant discounts and vouchers for the diverse customer segments (Sabherwal Becerra-Fernandez, 201 1). Through this, Tesco makes its offerings unique in the market that helps to improve customer satisfaction and to improve profits. Additionally, firm becomes highly customer-centric and BI can be used to tailor products and services in accordance to the needs and preferences. Customer can be profiled more effectively that would help a firm to provide personalized customer service experience. It can be effective to enhance relationship with the customers and to improve their satisfaction, which may create competitive advantage in turn (Sturdy, 2012). Similarly, BI can be used by businesses to reduce cost, which improves performance and creates competitive advantage in turn. Data analytical tools and techniques can visualize the operation and to identify areas of improvement that may help to reduce cost (Williams Williams, 2010). For example: United Parcel Service, Inc. (UPS), worlds largest package provides has used to BI to analyze big data for developing route-optimization. It has helped this company to optimize operations. The BI tools makes possible for company to visualize vehicle performance and drivers efficiency in different routes. With this knowledge, it minimizes driving time, which saves money, time and fuel. In 2013, 1.5 million gallons of fuel was saved by UPS that caused low carbon emission and development of operational competency (Dix, 2014). Data Mining and Analytics Impact on Business Decision-Making In retail businesses, tools of data mining and analytics are used by firms in the significant manner to make decisions. Tesco, Wal-Mart, Sainsbury, Asda and many global retailers offer customer loyalty cards to the customers. Data mining and analytics can impact the decisions of business. Loyalty cards primarily uses to give additional incentives to the customers and to increase purchase level. In Tesco, loyalty card tracks demographic aspects, purchase item and their frequency, customer spending and other information related to the shopping behavior of consumers (Tuffry, 2011). With the help of data mining and analytics, Tesco can use loyalty card information to unlock value by learning demogrpoahics based preferences of customers. For example: Tesco can determine relevancy of age with the purchase pattern that could be effective to make more informed decision regarding store display and offers (Blanchard, 2010). It can allow it to give relevant offerings to the customers and to inc rease sales. Similarly, loyalty card in Tesco can be used to determine purchase pattern of customers in a store, which may help to predict the list of best items to stock in a particular month. It can allow retail firm to make informed decisions related to inventory management. By predicting sales of each item through data mining and analytical, it can be effective for firm to ensure availability of right stock at the right time for each customer segment. This will improve the effectiveness of inventory decisions of a firm (Esper et al., 2010). In addition to this, loyalty card also provides information to Tesco regarding their purchase. Through data analytics and mining, retail firm can determine sell of the complementary products. On this basis, firm can take informed decisions to customize assortments and to place products in the stores. Through this, firm can improve decisions of displaying products in stores and providing offers (Walsh, 2011). In this way, loyalty card can be used by Tesco m ore effectively to improve business decisions with the application of data mining and analytics. Conclusion It can be concluded that BI is a competitive weapon for contemporary organizations as it helps them to analyze information on real-time basis that improves decisions and adds value in the offerings. References Blanchard, D. (2010).Supply chain management best practices. USA: John Wiley Sons. Chaudhuri, S., Dayal, U., Narasayya, V. (2011). An overview of business intelligence technology.Communications of the ACM,54(8), 88-98. Dix, J. (2014). When you have an organization the size of UPS, every little bit of efficiency you can squeeze out of daily operations translates into a big deal. Retrieved from: https://www.networkworld.com/article/2850874/big-data-business-intelligence/how-ups-uses-analytics-to-drive-down-costs-and-no-it-doesn-t-call-it-big-data.html Elena, C. (2011). Business intelligence.Journal of Knowledge Management, Economics and Information Technology,1(2), 1-12. Esper, T. L., Ellinger, A. E., Stank, T. P., Flint, D. J., Moon, M. (2010). Demand and supply integration: a conceptual framework of value creation through knowledge management.Journal of the Academy of marketing Science,38(1), 5-18. Forbes (2016). Roundup Of Analytics, Big Data BI Forecasts And Market Estimates, 2016. Retrieved from: https://www.forbes.com/sites/louiscolumbus/2016/08/20/roundup-of-analytics-big-data-bi-forecasts-and-market-estimates-2016/#623f38cf49c5 Gurjar, Y. S., Rathore, V. S. (2013). Cloud business intelligenceis what business need today.International Journal of Recent Technology and Engineering,1(6), 81-86. Hribar RajteriÄ , I. (2010). Overview of business intelligence maturity models.Management: Journal of Contemporary Management Issues,15(1), 47-67. Phan, D. D., Vogel, D. R. (2010). A model of customer relationship management and business intelligence systems for catalogue and online retailers.Information management,47(2), 69-77. Rust, R. T., Moorman, C., Bhalla, G. (2010). Rethinking marketing.Harvard business review,88(1/2), 94-101. Sabherwal, R., Becerra-Fernandez, I. (2011).Business intelligence: Practices, technologies, and management. USA: John Wiley Sons. Sturdy, G. (2012).Customer Relationship Management using Business Intelligence. UK: Cambridge Scholars Publishing. Tuffry, S. (2011).Data mining and statistics for decision making. USA: John Wiley Sons. Walsh, P. F. (2011).Intelligence and intelligence analysis. UK: Routledge. Williams, S., Williams, N. (2010).The profit impact of business intelligence. Morgan Kaufmann.