Personal Reading Inventory Worksheet The Great Gatsby Essay

Personal Reading Inventory Worksheet Title of Work: The Great Gatsby Author’s Name: F. Scott Fitzgerald Date of publication: April 10, 1925 Genre: Romance and Adventure Characteristics of the genre the work does/doesn’t meet: The work does meet the characteristic of having an obstacle that prevents love between two people. It also meets the characteristic of strong emotions, love at first sight, and having two protagonists. Setting: Time + Place + Atmosphere (mood or tone): It was the summer of 1922. The story took place in Long Island, New York, in West Egg Village. Major characters (physical and personality): †¢ Jay Gatsby – Gatsby is wealthy but lonely. He loves Daisy Buchanan. His neighbor is Nick Carraway who throws a lot of crazy parties hoping Daisy will show up one day. He is respectful and well-kept. †¢ Nick Carraway – A 29 year-old man who just moved to West Egg to work as a bonds salesman. He is the cousin of Daisy Buchanan and is the narrator of the story. He claims to be an honest person, but he is also quite judgmental. †¢ Daisy Buchanan – Tom Buchanan’s wife and Gatsby’s lover. She is in an unhappy marriage with Tom. She has an attractive but self-absorbed personality. She is very indecisive and has a â€Å"thrilling voice.† Summary of the plot: Nick Carraway, the cousin of Daisy Buchanan moves to a wealthy neighborhood in New York and gets invited to a party next door by a mysterious man named Gatsby. He later finds out that Gatsby and Daisy used to be lovers.

Cultural Differences in Joint Ventures Essays - 3358 Words

ESSAY TOPIC (1) :A joint venture is affected by the cultural distance between two partners. In what ways are joint ventures and types of international collaboration affected by cultural differences? INDEX INTRODUCTION†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦2 What is culture?†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦2-3 The Cultural Orientation Model†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.4 The cultural Gap†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦5-6 Understanding Cultural Differences†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.6 The Challenge of Cultural Success†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..7 Cross-cultural training as a solution†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦8 The effectiveness of the cross cultural training programs†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦8-9 Future Directions for Cross-Cultural Training and International Business Assignments†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..10.†¦show more content†¦He states that it can be discussed quot;in terms of typical ways in which people in a society, group or organization behave, communicate, think or perceive reality.quot;3 Each culture has differing value and belief systems, which effect how people perceive reality and their following reactions to it. A useful analogy to describe how culture impacts on the interpersonal level is that of computer software. Geert Hofstede has defined culture as the quot;software of the mind.quot;4 Hofstede compares culture to a computer program, in that individuals learn and acquire patterns of thinking, feeling and acting over time that influence their actions and perceptions. He believes that culture is quot;mental software,quot;5 in that it predisposes individuals for certain inputs which are processed in a familiar way for a certain set of outputs, or actions. Hofstede states, however, that quot;a persons behavior is only partially predetermined by his or her mental programs: (s)he has a basic ability to deviate from them, and to react in ways which are new, creative, destructive, or unexpected.quot;6 The mental program is not absolute. It can change over time to react to new inputs and stimulus. If this were not the case, mutual understanding in intercultural communication would not be possible 7 . Not only does intercultural training enable communication in the procedural sense, it also quot;givesShow MoreRelatedCultural Differences in Joint Ventures3468 Words   |  14 PagesESSAY TOPIC (1) :A joint venture is affected by the cultural distance between two partners. In what ways are joint ventures and types of international collaboration affected by cultural differences? INDEX INTRODUCTIONÂ…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…2 What is culture?Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…2-3 The Cultural Orientation ModelÂ…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â….4 The cultural GapÂ…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…5-6 Understanding Cultural DifferencesÂ…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â….6 The Challenge of Cultural SuccessÂ…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Â…Read MoreChangan-Ford Joint Venture606 Words   |  3 PagesChina and Ford Motor Co. of USa in forming the Changan ford joint venture. 2) Using section 10.4 describe the type of strategic alliance, the motives for alliance, and highlight the issues with their probable causes. 3) Make recommendations to the CEO and senior managers of Changan-Ford on how they can address the cross-cultural issues identified. The Changan Ford Joint Venture: Same Bed but still different dreams? 1. This joint venture has provided both companies many advantages. From an economicRead MoreVitro Corning1728 Words   |  7 Pagestoward a joint venture with Vitro. Because of long histories of successful joint ventures and had been an innovative leader in foreign alliances for over 73 years, Corning s strategy of establishing the joint venture relationship with Vitro seems to be a ideal combination and will lead to success. However, the joint venture became subject to a series of cultural and other conflicts that began to undermine this vision. According to company officials and external analysts, cultural differences wereRead MoreA Rare Success in China - the Celanese Joint Venture1573 Words   |  7 Pagesreproduced for the purposes of study only, and is in no way a condonement of the damage the tobacco is causing. Overview One of the most closely studied Chinese joint ventures is that involving Celanese Corporation of the United States, a producer of value-added industrial chemicals, and China National Tobacco Corporation (CNTC). The venture produces tow, the fluffy synthetic fiber in cigarette filters. In 1982, when CNTC decided to increase its production of filter cigarettes, it was on the lookoutRead MoreDisney Market Entry Strategy1610 Words   |  7 Pagesperformance is exceeding expectations (Sampson, 2017). However, it took the need to overcome cultural and managerial obstacles to make the Shanghai expansion possible. This report will analyze the cultural factors and managerial challenges facing the Walt Disney Company when expanding into Shanghai, China. First, the impact of different cultural factors will be assessed with emphasis on Hofstede’s six cultural dimensions. Second, the report will undertake an analysis of the recommendations on a marketRead MoreCase Study: Guanxi in Jeopardy1598 Words   |  6 PagesIntroduction This case study Guanxi in Jeopardy is a story of two companies Electrowide and Motosuzhou who planned to do a joint venture. Electrowide is a USA based company which produces new and latest technology equipments for the automobiles while Motosuzhou is a large organization of China working under the instructions of Chinese government like many other Chinese firms. Electrowide planned to improve their business by using the lean production and latest technology methods. AlongRead MoreHarley Davidson Essay658 Words   |  3 Pages Name: William Pate Case Study Title: Case Study #5 Harley-Davidson Question #1 If you were CEO of Harley-Davidson, how would you compare the advantages and disadvantages of using exports, joint ventures, and foreign subsidiaries as ways of expanding international sales? As CEO of Harley-Davidson the way that I would compare the advantages and disadvantages of exporting would be; Exporting Gives us instant market access into a new market making us able to maximize revenue in a short amountRead MoreShui Fabrics Question - Ans959 Words   |  4 Pagesand the inflation rate. These factors have major impacts on how  businesses operate and make decisions.. There are economic differences that influence the relationship between the partners at Shui Fabrics. Chiu Wai operated Shanghai Fabrics LTC located in  China, before it  became a joint venture  with Rocky River Industries in the United States. When the companies became a  venture, Chiu Wai became the Deputy General Manager for Shui Fabrics in China and venturing company Rocky River Industries locatedRead MoreNegotiation Report Med Lee1070 Words   |  5 PagesNegotiations and Bargaining 1. What, in general, did you learn about negotiation from the exercise? What surprised you? What would you do differently if you had a chance to do the exercise again? The MedLee: In Pursuit of a joint venture negotiation exercise refers to a joint venture between a US Company and a Family Thai Business Company. I had the role of Pat Armstrong (Med Device Representative: Director of International Strategic Market Research) the issues I had to negotiate were: decision making/controlRead MoreNora Sakari Case Analysis Essay1029 Words   |  5 Pageswas looking to open research centers in leading markets, including Southeast Asia. The drawbacks are that Nora needs large investment in the building for the joint venture as well as that other companies have more established brands than Sakari. In the meantime, there are also benefits and disadvantages for Sakari in the joint venture. However, Sakari seems to have more leveraging in this negotiation in terms of the equity ownership. An appropriate leverage equation might be an equity split

Virginia Woolf s The Feminist Movement - 1237 Words

Virginia Woolf is considered a foremother of the feminist movement for many reasons. She was a big advocate on women being able to receive the same education as men, to be able to make their own wages, as well as have their own property, and the ability to freely travel on their own. Growing up in a family where the boys were able to go away to an academy to be educated while her and her sister had to stay at home and learn from the literature in her father’s library, she’s been able to see the inequalities between genders. Virginia wrote about the â€Å"evocations of states of mind—or of mind and body, since she refused to separate the two.† (The Norton Anthology: Western Literature pg. 1957) She also liked using how women played a role in society, or even sometimes their lack of a role in society because women were supposed to be dainty beings without any intellectual sense. With this being said, women writers were a rare thing to come by. If they wrote, it was supposed to be about silly little things that didn’t really matter to society but Virginia strayed away from that by infusing controversial topics in her novels and short stories that made her readers think. Virginia wanted her writing to be used to inspire other women to be creative and pursue intellectual freedom. She didn’t think that it was fair that women were not able to receive the same education as men. Virginia resented the unequal treatment and how it women were discouraged to want an education.Show MoreRelatedVirginia Woolf Essay1274 Words   |  6 PagesVirginia Woolf Virginia Woolf spends much of her time straddling the issues in ?A Room of One?s Own.? She carefully manipulates the reader by burying her points in flowery language and assumes the identity of another person so she does not have to take responsibility for what she says. She is very careful not to come off as too forceful or angry because she knows that her ideas will be disregarded if she does. Woolf is terrified of having her words labeled as ?feminist? and of attractingRead MoreA Room Of One s Own By Alice Walker906 Words   |  4 Pagesthe twentieth centuary, two feminist authors, tried to comment on society. In the essay â€Å"In Search of a Room of One’s Own,† written by Virginia Woolf in 1929, she talks about the experiences of women s lives in her two lectures to women at Cambridge University. This was a time just after women in England had gotten the right to vote, but they were still a facing the gender bias. In the essay â€Å"In Search of Our Mothersâ€⠄¢ Gardens† written by Alice Walker in the late 1960’s, she describes how women haveRead MoreThroughout The History Of The Women’S Rights Initiative,989 Words   |  4 Pagesenthusiastic, they were received as radical. Too meak, and none would listen. Finding a balance was imperative to the success of their message. This equilibrium is excellently exemplified in Virginia Woolf’s speech, â€Å"Professions for Women,† which was delivered to the Women’s Service League in 1931. In her oration, Woolf describes her inner struggles with the patriarchy in the context of her writing career. She tries to encourage other women to similarly expand their mindset and reject the ingrained misogynisticRead MoreGender Identity Has Changed Its Definition Over Time1578 Words   |  7 Pagesmale or female. Seems simple but we now know in todays world the definition has broadened. Gender identity is now defined as one s personal experience of one s own gender . Gender identity can correlate with assigned sex at birth, or can differ from it completely. All societies have a set of gender categories that can serve as the basis of the formation of a person s social identity in relation to other members of society. From the past when we had many strong women’s rights activist who foughtRead MoreThe Patriarchal Church1271 Words   |  6 PagesAlthough Jeanette’s mother agrees with the dominance of the patriarchal church, she dominates the home front, which Woolf cites as the â€Å"domestic arts† (134). Once Jeanette was revealed to be a lesbian, Jeanette’s mother blamed Jeanette’s preaching and activism in the church as the cause since it was thought that preaching was a masculine job. In Oranges, Jeanette states: The real problem, it seemed, was going against the teachings of St Paul, and allowing women power in the church. Our branch ofRead MoreThe Woman Author: A Comparative Analysis2449 Words   |  10 Pagessparsely included in ‘reputable’ works of literature, let alone incorporated into any canon at all. Virginia Woolf, in her essay titled â€Å"In a Room of One’s Own† (1925), details the apparent trials and tribulations that female writers in the Victorian era experience when attempting to become recognized within a literary community. The female author is revisited during the second-wave feminist movement by Sandra Gilbert and Susan Gubar in their psychoanalytic text, â€Å"Infection in the Sentence† (1979)Read More Feminism: A Fight for Human Rights Essay2674 Words   |  11 Pagesstruggling to be considered human. The essay explores writings on women?s issues from sources including the Bible, Virginia Woolf, and Bell Hooks enabling observations f rom diverse times and cultures to be explored. Often our society is oblivious to what is happening in other countries or even other neighborhoods, this essay is a reminder. Feminism: A Human Right Feminism, as thought by many Americans, is not just a movement to create high-level jobs in the corporate world and equal salariesRead MoreThe Movement Of Virginia Woolf s Kew Gardens1722 Words   |  7 PagesThe movement of Virginia Woolf s Kew Gardens is quite the mutineer towards the traditional writing format of a beginning, middle and ending. Although, the story does eventually end, Woolf creates a space in time within this story s reality where there really is no beginning, nor a way to end it. We just become in the moment, infinitely moving through space and time, observing all tiny details around us. To analyze this story, we have to think of it as an abstract painting, and assume there willRead MoreEssay about Woolfs Vision in A Room of Ones Own2764 Words   |  12 PagesA Room of Ones Own      Ã‚  Ã‚  Ã‚  Many years have lapsed sinee Virginia Woolf spoke at Newnham and Girton colleges on the subject of women and fiction.   Her remarkable words are preserved for future generations of women in A Room of Ones Own.   This essay is the first manifesto of the modern feminist movement (Samuelson), and has been called a notable preamble to a kind of feminine Declaration of Independence (Muller 34).   Woolf writes that her modest goal for this ground-breaking essay is toRead MoreTo The Lighthouse, by Virginia Woolf Essay1237 Words   |  5 Pagesthroughout this passage highlighting Woolf’s own perspective on society and sexuality between genders. Woolf supports the belief in a complete change to society resulting in a non – hierarchical society. Woolf felt for this to happen aside from the practical changes, that a radical redefinition of sexuality was also needed. The novel focuses on sexual issues of the twentieth century central to feminist campaigns, s uch as marriage being a form of institutionalized slavery . She brings to attention one

Firm growth and barriers to growth firms - Myassignmenthelp.Com

Question: Discuss about the Firm growth and barriers to growth firms. Answer: The business environment is not stagnant. It is very dynamic and multi-faceted. Various factors present in the external environment have an effect on the operations of the business. Since a business is believed to have forever entity, it is assumed that a business will not remain the same. If many opportunities are available for the business then it plans to expand its operations (Flamholtz Randle, 2007). In the given report, I will be discussing the concept of growth strategies and throw light on the challenges faced in growing a business. The solutions to overcome these challenges have also been provided, along with the role of organization systems and strictures in it. The benefits and disadvantage of the different types of exit-strategies will be discussed. In the following section I will be discussing the importance of growth in a business. According to me, it is extremely important for a business to grow in terms of revenue and business because growth plays a crucial factor in deciding the future of the organization. If an organization is not growing, it means that it is dying. Growth helps the company to earn greater profits and attain to the needs of the larger population. Without adequate growth strategies, the firm will not last long in the competitive business environment (Hofer Charan, 1984). However, there are certain challenges faced by the various companies to expand and grow their business. The challenges faced by the companies are given in the next section. I believe the primary challenge faced by all businesses these days are competition from online e-commerce websites. The e-commerce platform has been doing exceptionally better in the last few years. Local businesses have been facing a lot of competition and therefore, it is difficult to expand the business as the mass market has already been captured by the online retail stores (Roberts, 1999). The offerings given by the online stores range from plumbing, doctoral, books, groceries, car parts to clothing and accessories. The convenience that the online websites offer tends to influence the customers and attracts them. Many retailers closed in 2017 in the United States because of various online websites. The online shopping is very impulsive and this tends to increase the sales of the given website. Due to this, the businesses are not being able to expand their operations. According to me, the next problem arises when the business is unable to connect with the customers outside the area of operation. Businesses are unable to connect with the businesses, which lie outside the domain of the organization. Most of the local business houses are able to connect with the business that lies in the same city of operations; however, they are unable to connect with the businesses, which lie outside the geographical location. This may be due to lack of knowledge about customer demand or lack of human resource. It may also be due to lack of expertise. The next problem is lack of proper human resource. Very often, the organizations fail to analyze which employees it should hire and which ones it should not (Sahlman Stevenson, 2007). Attracting and retaining the right talent at both middle and higher levels is an extremely difficult task, which a majority of companies fails to do. Many companies have a habit of appointing a full time Chief Financial Officer for their company in the early years. This is not correct as a better approach would be to hire a part time CFO who would set the company`s direction correctly. This shall help in saving extra costs and minimizing expenses. Lastly, I believe that cash flow management also plays a big role in the growth of a company. Many companies appear to be financially healthy from the outside perspective. However, this is not the case. Many businesses have a very poor cash flow system as compared to their competitors (DeTienne, McKelvie Chandler, 2015). Accounts receivable and other relevant components of accounts are extremely difficult to maintain and often form a hindrance in front of the company, which resist their strategies to grow. In the given section, I have tried to elaborate upon the role of organizational system and structure in overcoming the various growth challenges. An organization`s system and structure has a key role to play in its growth strategies. The organization`s strategy is a key plan b the directors and managers for the whole business. The organizational structure is a way in which the various pieces of an organization can fir in together. The strategy and the structure of an organization need to be combined effectively so that it is able to overcome the various obstacles that come in the way of achieving growth in an organization. As mentioned earlier, it is extremely important for an organization to grow in order to keep up with the various requirements in a business (Collewaert, 2012). It is for this reason that the organization needs to have a proper structure and a well-managed system so that the various strategies in an organization can be fulfilled. According to me, a good organizational structure helps to give out tasks to the various members of a firm. The goal of a good structure is to ensure that the workforce has collaborated properly and that all the employees work together towards the goal. When the roles and responsibilities of all the team members are divided properly then one can ensure that the various growth challenges are easily overcome (Nordqvist et al., 2013). A good organizational structure helps to overcome the challenges which range from online competitors where the firm is unable to cope up with the online merchants to unable to meet the demand of the consumers where the company is unable to expand due to lack of proper resources mainly the staff. When there are good employees present in an organization due to the presence of a good structure then the company can expand and prosper efficiently. It often happens that structure is not given much importance and it is viewed separately from the success and strategy of an organization but it is not so. Structure tends to help the firm in managing their cash flows by allowing sufficient transparency. It also helps to form a clear method of hiring and recruitment which tends to form another barrier in growth It is often believed by experts that good governance has an important role to play in a business. Governance can be referred to as the practices and culture that is followed in an organization. Governance plays an important role in forming the strategy of the organization as it helps to grow the organization and take it to new heights (Balassa, 2014). Good governance is important because it promotes community confidence, leads to better decisions and supports ethical decision-making. However, very often a situation arises where the business needs to exit from the market. In this section, we have discussed the various exit strategies, which can be adopted by a firm. Business needs to be based on logical thinking. A company must be smart enough to realize when it should make the move and exit a market (Coad Tamvada, 2012). A company can exit the market because of many reasons like high loss rates, unhealthy competition, reduced demand, internal problems and others. The following section will discuss the various exit strategies and high light their advantages and disadvantages. The first method is Liquidation. In a liquidation strategy, the owner of the business simply sells all the assets in a business thereby ending his business. The advantages of this method are that the outstanding debts are written off, legal action is halted, leases can be cancelled and relatively low costs involved. The disadvantages of this method are that it becomes a personal liability for company debts and liability for overdrawn director`s current accounts. The second method is taking the company public. In this method, an Initial Public offer is made and thus the owners of the business transfer their issues into the public markets (Eggert et al, 2014). The advantages of the method are that the stock becomes the worth of millions of dollars and the company is listed and the owners become extremely popular. The disadvantages of the method are that it is a difficult method as there are various rules to abide by and the cost of an IPO can run into millions. The next method is Acquisition. A business buying the other business is referred to as an acquisition. British American Tobacco and Reynolds American is one of the biggest acquisitions in the globe. AT T and Time Warner is also a good example. The advantages of the method are that if the business has a strategic value then it may pay far more than what the business is worth of and the prices can be raised as much as possible based if the worth of business. The disadvantages are that they are a difficult process, the legal proceedings are not easy and the business me be acquired in a very low cost. Therefore, from the given discussion, it can be clearly stated that the external environment of the business today is extremely dynamic and multi-faceted. Several companies are trying to grow and this leads to extensive competition. There are various barriers faced by each company in order to make their business grow. Hence, it is advisable that the company has a strategic vision, foresees all future threats, and excels in its operations. References Balassa, B. (2014). Development Strategies'.International Economics and Development: Essays in Honor of Ral Prebisch, 159. Coad, A., Tamvada, J. P. (2012). Firm growth and barriers to growth among small firms in India.Small Business Economics,39(2), 383-400. Collewaert, V. (2012). Angel Investors' and Entrepreneurs' Intentions to Exit Their Ventures: A Conflict Perspective. Entrepreneurship Theory and Practice, 36(4), 753-779. DeTienne, D. R., McKelvie, A., Chandler, G. N. (2015). Making sense of entrepreneurial exit strategies: A typology and test. Journal of Business Venturing, 30(2), 255-272. Eggert, A., Hogreve, J., Ulaga, W., Muenkhoff, E. (2014). Revenue and profit implications of industrial service strategies.Journal of Service Research,17(1), 23-39. Flamholtz, E.G. Randle, Y. (2007). Growing pains: transitioning from an entrepreneurship to a professionally managed firm, 4th Edition, pp. 48-70. San Francisco: JosseyBass. Hofer, C. W., Charan, R. (1984). The Transition to Professional Management: Mission Impossible? American Journal of Small Business, 9(1): 1-11.Roberts, M.J. (1999). Managing transitions in the growing enterprise. In W.A. Nordqvist, M., Wennberg, K., Bau, M., Hellerstedt, K.. (2013). An entrepreneurial process perspective on succession in family firms. Small Business Economics, 40(4),1087-1122. Sahlman Stevenson, H.H. (eds.), (2007). The entrepreneurial venture, pp. 377-391. Boston, MA:Harvard Business School