Personality Traits Of A Entrepreneur Essay - 1835 Words

The purpose of the essay is to make readers clear about does personality traits such as opportunity explorer, motivator, planner, risk taking, negative thinking, management of strategy and planning led to become a successful entrepreneur in today’s booming business field. The debate in major essay basically talks about the qualities that should person possesses in to achieve success in an entrepreneur. The debate I choose is important in my field because knowing about the personality trait entrepreneur in today’s world will show new comers about the abilities and the way of achieving success in business major. Debate is important in my field because this debate will encourage readers to get into the field of business and helps to learn business strategies so that they can get full knowledge about entrepreneurs. The thesis is does personality trait and propensity like opportunity explorer, motivator, risk taking, negative thinking, management and planning strategy can le ad to success in the business field. My goal in this paper is to research various details of personality traits to achieve success in an entrepreneur. Essay has organized in three main sections. First, it will present the information about the personality trait like opportunity explorer, motivator and planner with detail description along with some example. Each personality trait has a details favor point with examples to support my debate and other side essay have against the point. Second section talk inShow MoreRelatedEntrepreneurial Education And Entrepreneurship Education1511 Words   |  7 PagesTherefore it can be assumed that entrepreneurial education can be a step forward in impacting young individuals to develop their entrepreneurial intentions and propensity, but the extent of such curriculum and its impact on nurturing effective entrepreneurs remains uncertain. 2.5 Entrepreneurial intention The underlying cause of entrepreneurial action is based on intentional behaviour. Entrepreneurial intention, according to Bird (1988) is defined as â€Å"a state of mind directing a person s attentionRead MoreEssay The Missing Entrepreneur in Economics1602 Words   |  7 Pageseconomic research denies the innate characteristics of the entrepreneur. 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Firstly, entrepreneurial attributes and different personality types are discussed, followed by an argument on the different ways of teaching entrepreneurship. ThisRead More The Keys to Entrepreneurship Essay710 Words   |  3 PagesThe Keys to Entrepreneurship What makes a successful entrepreneur? What can one do to put oneself in a position to succeed on their own? Jay Goltz, for example, is an extremely successful entrepreneur who started his business from the ground up. In the summer of 1978, Jay Goltz founded the Artist’s Frame Service. His business started by using his father’s basement as his office, but eventually moved to an old factory district in Chicago. Today, Goltz’s business in the largest retail, customRead MoreSelf Control And Self Leadership835 Words   |  4 Pagesfuture goals and create flexible plan to achieve them. 3. Personality traits beneficial in my career Beneficial personality traits for career path differ in people and the career they choose. 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The History of the FBI Essay - 1521 Words

In the 21st century, the world as we know it suffers from psychotic, demented, treacherous and, sophisticated crimes. This world would be corrupt without a tunnel of light if it was not for the Federal Bureau of Investigation. The Federal Bureau of Investigation, also known as the FBI, is a corporation that seeks fidelity, bravery and, integrity for the United States of America. The FBI researches shocking and concerning crimes the news reports about politics, war and, safety that we hear on the television about issues that are being reported to the people. These cases of transgression are missions the FBI analyzes, such as hacking information from double spies, locating terrorists, seeking pedophiles, cracking down unknown mobsters,†¦show more content†¦Current missions that the FBI are involved in are the Boston marathon bombing, Somalia bombing and, the Target hackers. Although, it may seem the FBI knows about the majority of criminalistics situations; they have been doing this job for many years and many years to come. John continues, â€Å"The FBI originated from a force of special agents created in 1908 by Attorney General Charles Bonaparte during the presidency of Theodore Roosevelt (2).† This organization has been serving justice since the Roosevelt years in the early 1900’s. Everything the FBI is capable of, could not be demonstrated with perfection if it was not for their structure. This structure consists of being part of the U.S. Department of Justice, which is headed by the United States Attorney General. The authority they are granted are to enforce the law on a federal level (Sections 533 and 534, Title 28 of the U.S. Code). 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Econometrics Project Free Essays

Personal Consumption Expenditures, Personal Income, and CPI 1980 – 2011 April 24, 2010 Abstract The goal of this paper is to estimate the relationship between personal consumption and personal income among all Americans over the past 30 years. The data includes annual records for the four variables between the years 1980 and 2011. I have analyzed this data using the Ordinary Least Squares Method and ran a regression analysis in order to observe the relationship between my variables. We will write a custom essay sample on Econometrics Project or any similar topic only for you Order Now In my model, I have used Real Personal Consumption Expenditures (PCE) as my independent variable, while the dependent variable is Real Disposable Personal Income Per-Capita. As well, I included two explanatory variables in my model which are the Consumer Price Index (CPI) and a Coincident Index. The model finds a positive relationship between personal consumption expenditures and personal income. It also shows that inflation is positively related to the independent variable of personal consumption. However the model demonstrates that there is an insignificant relationship between personal consumption and the Coincident Index. We can conclude that personal income has an effect on personal consumption and that there is a positive correlation between these two variables. Therefore, in general, we can assume according to this model that as personal income increases, personal consumption also increases. 1. Introduction Our economy is an ever-changing system that is affected by an infinite number of factors. Some of these factors include personal consumption, personal income, and inflation. I have chosen to look at how these factors may influence one another within the American economy. More specifically, I have chosen to research the influence of income, inflation, and the Coincidence Index on Americans’ consumption expenditures. I believe that individuals’ consumption expenditures may vary based on two main factors: A change in these individuals’ income and a change in inflation. Many believe that as income increases, people will have more and will therefore spend more money and consume more. Some research suggests that larger household wealth is associated with higher personal consumption (Slacalek, 2009). In terms of inflation, some theories suggest that as prices rise and rates of inflation create uncertainty for the future, people will lower their consumption expenditures (Springer, 1977). However, since prices are higher, the total Personal Consumption Expenditures may still increase along with inflation. 2. Theory and Hypothesis In March, 2011, personal income increased by 0. 5 percent, while personal consumption expenditures for Americans increased by 0. 6 percent (Cohen, 2011). Based on this information, it can be concluded that the percentage increases for these variables increased nearly proportionately. I believe that this is not just a coincidence and that these variables actually share a relationship. Although this data is only for one month of one year, I hypothesize that this relationship would stay true if these statistics were to be taken over a period of several years. I believe that as Real Disposable Personal Income Per-Capita increases and individuals make more money, that people will spend more and consume more, meaning that PCE would increase. Since people would be making more money I expect that since they are more capable of spending money that they will indeed spend and consume more. I also theorize that CPI will have an effect on personal consumption. CPI, which is an indication of inflation, is an increase in prices in an economy relative to the money available in that economy. Since inflation means that you must pay more for the same goods, I hypothesize that as inflation increases, and prices rise, people will spend less, and therefore PCE will decrease. I also theorized that as the Coincident Index increases, PCE would also increase. This is because I believe that if the Coincident Index, which describes current economic conditions, goes up, then people will consume more while economic conditions are better. 3. Empirical Model and Data Using a multiple regression model, I estimated the relationship among my time-series data in order to learn more about my hypotheses. C = ? 0 + ? 1 *RDPI + ? 2*CPI + ? 3*CI C = -3. 540 + 3. 339(RDPI) +6. 888(CPI) +2. 315(CI) + ei Where: C= Personal Consumption Expenditures RDPI= Real Disposable Income: Per-Capita CPI= Consumer Price Index (Inflation) CI= Coincident Index Using Tinn-R, I came up with the following results. The Coefficients for this model are as follows: Estimate Std. Error t value Pr(|t|) (Intercept) -3. 540e+03 3. 383e+02 -10. 466 3. 49e-11 *** RDPI 3. 339e-01 3. 903e-02 8. 555 2. 68e-09 *** CPI 6. 888e+00 3. 061e+00 2. 250 0. 0325 * CI 2. 315e+00 4. 713e+00 0. 491 0. 6271 As can be observed through these results, the t-values for both RDPI and CPI are greater than |1. 96|. Therefore, both of these variables are statistically significant and consequently have an effect on Personal Consumption Expenditures. However, the t-value for the coincident index is not statistically significant, which means that we cannot conclude that it affects consumption. It can be assumed through this regression model that as personal income increases by 1 unit, consumption increases by 3. 339 units. As well, as PCE increases by one unit it can be assumed that PCE will increase by 6. 888 units. Therefore, I can conclude that my hypotheses regarding the relationship between consumption and income and consumption and inflation are accurate according to me regression model. However, these results may vary if other factors were to be considered in my model. As well, the results may be slightly off due to including the insignificant factor, the coincidence index. 4. Conclusion In conclusion, I have found the majority of my hypotheses to be true. I have found that both Personal Income and Inflation have an effect on Personal Consumption Expenditures and that both income and inflation have a positive relationship with consumption. However, based on my model, the Coincident Index does not share a relationship with PCE. I believe that this hypothesis of mine may be incorrect because the economic conditions of an conomy may not play a significant enough role on individuals’ consumption expenditures in order for this model to show that a relationship exists. Further research would need to be conducted in order for me to examine this relationship more closely. For example, other factors such as personal saving may influence personal consumption as well. In order to gather more clear and accurate results in the future, I would conduct mor e models, using more economic variables related to consumption in order to see what other potential factors may influence Personal Consumption Expenditures. References * Amadeo, Kimberly. â€Å"How Inflation Affects Your Life – The Impact of Inflation on Prices and Treasury Bonds. † US Economy and Business – US Economic Indicators – US Economic News. N. p. , n. d. Web. 24 Apr. 2012. http://useconomy. about. com/od/inflationfaq * Cohen, Dave. â€Å"Personal Consumption In America Is A House Of Cards – Decline of the Empire. † Decline of the Empire. N. p. , n. d. Web. 24 Apr. 2012. http://www. declineoftheempire. com/2011/05/personal-consumption-in-america-is-a-house-of-cards. tml. * Fixler, Dennis, and Ted Jaditz. â€Å"Office of Prices and Living Conditions. † Bureau of Labor Statistics. N. p. , n. d. Web. 24 Apr. 2012. www. bls. gov/osmr/pdf/ec020100. pdf. * Slacalek, Jiri. â€Å"What Drives Personal Consumption?. † slacalek. N. p. , n. d. Web. 23 Apr. 2012. www. slacalek. com/research/sla06whatDrivesC. pdf. * Springer, William L.. â€Å"Consumer Spending and the Rate of Inflation . † The MIT Press. N. p. , n. d. Web. 24 Apr. 2012. http://www. jstor. org/stable/1925048? seq=2. How to cite Econometrics Project, Essay examples