Differing perceptions of new venture failure Essay

Differing perceptions of new venture failure - Essay Example note that the introduction of the venture capitalist brings in new dimensions in the survival of new ventures since within the first 7 years of establishment; only 18 percent of the new ventures fail as compared to 75 percent of non VC funded new ventures. The authors note that research on the factors that cause failures of new ventures is limited due to factors such as difficulty in conducting financial analysis on failed ventures and the reluctance of entrepreneurs to discuss their venture failures. The authors also discuss the factors leading to new venture failures in the perspective of the venture capitalists and the entrepreneurs. Venture capitalists cite factors such as poor management and unfavourable market conditions while the entrepreneurs cite factors such as product factors, financial limitations and managerial problems. All these are discussed in relation to the attribution theory. The argument that the ventures examined represented all the new ventures and that the factors leading to failure as ranked in order of importance by the authors is misleading due to the fact that new ventures and entrepreneurs from other locations may be faced with other factors of failure. It is therefore important to note that applying the results of the study should be done with that fact in mind. The factors may depend on the location and may also be time determined as well as depend on the individual characteristics. An alternative conclusion could therefore be that the success of the new venture will depend on the internal characteristics of the venture. Zacharkis, Andrew Meyer, Dale G. and DeCastro, J. â€Å"Differing perceptions of new venture failure: A matched exploratory study of venture capitalists and entrepreneurs.† Journal of Small Business Management 7.1 (1999):

The Dirty Harry Problem Essay Example | Topics and Well Written Essays - 500 words

The Dirty Harry Problem - Essay Example Rodney King was filmed being beaten, but how many more suffered from these corrupt cops when the camera was not on? Police corruption is a misuse of power. Police become corrupt for different reasons. Pollock (2004) states, â€Å"Explanations of corruption can be describes as individual, institutional (or organizational), and systematic (or societal).† Some people are good and other bad. The same can be said about law enforcement officers. Just like a bully can influence other children, corrupt police officers can influence good officers. Pollock also believes that another reason for corruption is the lack of proper recruiting methods. Law enforcement that murder, deal in drugs, and other illegal activities are corrupt. These types of police officers are the individuals that make the news reports. Like was suggested above, law enforcement that participate in these type of behaviors were already inclined to commit crime or feel peer pressure. Either way, police recruiting techniques need to be refined to catch these recruits before they become police officer, not after. Not every instance of police corruption is severe. Pollock (2004) reports, â€Å"Corruption, theft, graft (exploitation of one’s role, such as accepting bribes or protection money), and accepting other gratuities (such as free coffee and free or half-priced meals),† can be considered as corruption or delinquency. Some police officers feel it is only fair they get free coffee, donuts, or other perks, since they put their lives on the line everyday. However, if one follows that line of reasoning then soldiers should get free perks as well. With the high number of law enforcement officers and soldiers if everyone got perks, then our society would soon become bankrupt. The Blue Wall is another issue that law enforcement and the community must deal with. â€Å"One of the most difficult ethical dilemmas that officers confront is