Failure in Business

Most of the times, businesses fail to achieve the set objectives. Such a scenario comes about perhaps because the business does not implement the right strategies or offers customers a product that is not in demand. In addition, a business may fail because it is not located in a suitable environment.Advertising We will write a custom essay sample on Failure in Business specifically for you for only $16.05 $11/page Learn More However, no matter what the causes of business failure are, many people tend to embrace different ideas on how failure is good for a business. This has been adopted by many people such that even organizations are adopting strategies that advocate for failure in business with the belief that failure is a step to the achievement of any set goals and objectives. This paper looks at the concept of business failure and examines any possible steps that upon implementation within a given time can prevent unwanted failure. In addition, the p aper will look at steps that a business, organization and companies can adopt to better learn from failure. The assertion that failure and fast failure is a good thing has received different opinions. Several people argue that failure in a business is a good thing while others are for the belief that failure is bad and should not be advocated. Usually, failure is not as good as some people would think. Numerous people, especially those in management hold the belief that failure in business is bad but they share a common tradition that any business that has failed can effectively learn from mistakes committed during a past project. The reason why many people believe that failure in business is good is that there is often room to reflect on a past project and help the business set up strategies aimed at avoiding similar mistakes. In addition, the view of failure as a good thing is backed by the fact that a business can set up a team to investigate the factors that were responsible for the failure and offer recommendations to avoid future failure. Evidently, failure in business should not be considered as a bad thing, even though in the concept of an organization’s life, failure can be at times bad and inevitable. It is believed that businesses can detect, as well as analyze failures in an attempt to set up measures of avoiding future failures, however, research has showed that not all businesses have what it takes in terms of activities and attitudes. As such, there is lack of appreciation especially when it concerns strategies for learning that are context-specific.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More For this reason, businesses should come up with strategies aimed at achieving the set goals as opposed to repeating past mistakes. In addition, there is a need for new methods of going past superficial lessons learnt from business failure. In this case then, it would involve avoiding stereotypes and old-fashioned cultures of success along with commitment to embrace lessons from failure. Evidently, business failure is good if the right strategies are adopted in learning from such failure. Steps to Prevent Unwanted Failure Unwanted failure refers to failure that is uncalled for. Even though some business embrace failure, it is important to set up measures that are aimed at avoiding unwanted failure for any given business. The following are three steps that a business can implement within a period of six months to prevent unwanted failure in the future. Plan for the future and avoid predicting it The future of any business is very significant, and for this reason, planning for the future is an important step that any business should take. Even though many businesses have often predicted the future, and the possibility of achieving the set goals it turns out that predicting a business future can be quite hard. The only option availabl e thus is for businesses to come up with decisions that are focused on a future plan. Having a plan helps any given business to work towards maximizing its resources with the aim of achieving set objectives. Cary out Market Research Market research allows a business to explore the opportunities available for its services and products. As such, a thorough research into the condition of the market is all a business requires to determine the potential of the business especially when it comes to measures necessary in achieving any set goals. Emphasize on the principles of the business as opposed to industrial principles A business is run through the interplay of numerous principles. In addition, different aspects define any given business such as personnel, finance, as well as legal issues and many more. The understanding of how all the aspects of a business relate to one another gives the business a chance to grow and implement the necessary strategies to achieve the goals and objectiv es of the business. However, many businesses fail to achieve their objectives because they focus entirely on the principles of the industry the business operates. This tends to divert the available resources.Advertising We will write a custom essay sample on Failure in Business specifically for you for only $16.05 $11/page Learn More From the foregoing, it is evident that every business should have a plan for the future, market itself thoroughly and focus on ensuring that its business aspects relate as expected if the business is to avoid unwanted failure. Steps to Better Learn From Failure Research has showed that many people and businesses make use of their past failure as a stepping stone towards the achievement of the business’s goals and objectives. Many scholars though, believe that in order to make use of the failure, the business should consider a number of factors and effective strategies in harnessing failure in the best way possible. A s such, the application of systematic steps in the management of any given business, organization and company can be a suitable ground to make use of past failure to improve on their mistakes and weaknesses. This can be a best way of creating excellent deliverables with impacts that are far-reaching and long lasting. Outlined below are three steps that a business, an organization or a company can adopt for a given period to make sure that they learn better from past failure. Launching the project Any project that a business embarks on has several tasks to be completed, deadlines to be met, as well as objectives to achieve. Such activities are vital and all the team members concerned with the project should make sure that they work towards achieving the set objectives. Launching any project is the initial step that determines the success of the project and achievement of any set goals. For this reason, the business requires a lot of effort, resources and commitment in this step. Howe ver, in order to make sure that the process of launching any project is successful, the concerned team can consider looking at past projects that failed perhaps as a result of poor launching strategies. Such a strategy provides the business with ideas on what to include in the implementation, as well as what to avoid during the initial step. It is thus, evident that past failure especially in the initial step is necessary since it makes the business to adequately prepare the necessary strategies and resources to set off the given project.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Building and refining the project by use of iteration The launching step of any project sets out the goals and objectives to be achieved once the project is implemented. As such, there is a need to reflect on the project in order to be sure of what resources are necessary to achieve the set goals. However, in the event that a business is not aware of where to start or what resources to include, past projects can be a suitable point of start. This is attributable to the fact that past failure offers an opportunity for the concerned business to explore the available opportunities and determine the challenges that caused the past project’s failure. This helps the business to build, as well as refine its current projects through iteration, and subsequently achieve its goals and objectives. Past failure thus will help the business to avoid the thought of the particular project as a type of monolithic effort that is aimed at achieving the set goals. As such, the business ought to c onsider the project as a ground to experiment, as well as learn. This would help the business have a platform whereby it can plan its project well, as well as carry out an assessment of the current project and compare it with past project to ascertain chances of success or failure. Research has established that such an approach to a project helps the business to see its plans through a past failure. In such a case, the business does not necessarily focus on perfecting its plan but putting a consideration of any available options, scenarios and the calculation of all details beforehand. Embed the learning The launching and planning of a project is an important process that requires much commitment from the parties involved. However, the fact that a project has been started and led to conclusion does not necessarily mark the end of the project. The last step involves the embedment of lessons learnt during the entire process. This is important since it gives the business an opportunity to share any lessons that the business might have learnt during the launching and implementation of the project on a larger scale. With such options the business can have the opportunity of applying the learnt lessons to future projects and efforts. Most projects have failed because the last part of the project is not given the necessary attention. For this reason, there is a need to learn from failures in the past whereby the main cause of the failure was a case where the concerned business did not embed the learning. Research is necessary in this case since it gives the business an opportunity to explore the options available. This gives the business a chance to put the necessary efforts into work thereby achieving the set goals and objectives. This essay on Failure in Business was written and submitted by user Silas Richards to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Marijuana a new medicine essays

Marijuana a new medicine essays In society today, there are many serious diseases that plague nations all across the world. Diseases like Glaucoma, Epilepsy, Parkinsons disease, and migraine headaches. What do all of these serious illnesses have in common? Every one of theses sicknesses can be cured or helped by the use of Marijuana. Throughout this paper I will discuss the positive aspects of Marijuana and the negative aspects. This issue has been raising a lot of eyebrows ever since scientific evidence has been provided that links Marijuana to the cure and decrease of certain illnesses. The main reason that Marijuana has been looked down upon by so many people for so long is because many individuals abuse the drug. An obvious setback to legalizing marijuana for medicinal uses is that the number of people that abuse the drug will undoubtedly increase. Glaucoma is the second leading cause of blindness in the world, and there is an estimated 67 million people affected by this disease in the world today (National Academy of Sciences.) Effective treatment for glaucoma involves pharmaceutical agents or surgical procedures that prevent progressive optic nerve damage. For surgery to be an effective way of therapy, a drug or surgical procedure that reduces intraocular pressure (IOP) must do so without causing more damage to the eye. Marijuana can reduce IOP when administrated orally, or by inhalation (Marijuana and Medicine.). Marijuana is a natural way to slow down the progression of glaucoma. Marijuana should be legalized in all states just for the main purpose of helping those who are infected with the serious disease of Glaucoma. Sixty percent of people who are affected by epilepsy can benefit from Marijuana. To this day it is still considered to be the best medication for many types of epilepsy and for most victims that have epileptic seizures. The use of Marijuana for epilepsy is not fully understood yet. Scientist don ...

Reexamining illegal Immigration under the labelling theory Research Paper

Reexamining illegal Immigration under the labelling theory - Research Paper Example This is the current situation at hand. Conservative Americans say that the government has coddled illegal immigrants far too long, and given the current bleak state of the US economy, this is prejudicial to ordinary Americans citizens. Those of immigrant heritage, on the other hand, particularly the Latinos, call for less stringent immigration measures, and continue to go to the US to escape the poverty and desperation in their home countries. Immigration policies are hotly contested and draw divisive lines across the nation. The past quarter has seen the administration of Barack Obama extend a hand to immigrants and counter the anti-immigration wave in the United States. In a news report dated August 19, 2011 by the Los Angeles Times (2011, Internet), the Obama administration was reported to make a commitment to review the cases of 300,000 illegal immigrants who are on deportation trials, and determining what was labeled as â€Å"low-priority† offenders. This includes the eld erly, victims of crimes, and generally those who would otherwise make contributions to American society as upstanding citizens. The review was announced by Homeland Security Secretary Janet Napolitano. This was widely seen as an effort by Obama to reach out to Latinos who helped him in his candidacy. It is also to be noted that Obama had deported â€Å"393,000 people in the 2010 fiscal year, with an overall deportation record that far exceeds his predecessor, George Bush.† (Foley, 2011, Internet). In another immigrant-friendly move, the Obama administration was also reported to have filed a lawsuit to block Alabama’s immigration law, said to be the toughest anti-illegal immigration set of policies... The study notifies that President Obama has been subjected to a lot of criticism as a result of his gestures towards illegal immigrants. This is because the general perception against the illegal immigrant population remains to be negative. They are perceived to be deviants. Certainly, they are going against their law by virtue of the fact that they are in a country when it is not legally permissible for them to be in it. However, the manner with which they have been portrayed or caricaturized by media and by the public at large goes beyond violation of the law. Indeed, stereotypes and labels are attached to them. But how did the labeling of illegal immigrants happen? It is important to note that the process of labeling begins at the behest of a ‘moral entrepreneur’, who makes a claim that some behavior or action is wrong and then makes new rules or code of conduct in order to stop that behavior or action, and punish the actor. They package their efforts as a moral crusa de, but what really happens is that â€Å"they add to the power they derive from the legitimacy of their moral position the power they derive from their superior position in society". In illegal immigration in the United States, the moral entrepreneurs were those who expressed objections to the unfettered entry of Mexicans into American soil, a phenomenon made complicated by the fact that many of the wealthy and powerful took advantage of the cheap labor provided by these immigrants. Bustamante presented a fascinating description of the beginnings or root of this labeling of illegal immigrants: