Entrepreneurship and Leadership Essay Example | Topics and Well Written Essays - 750 words

Entrepreneurship and Leadership - Essay Example I know that as a venture capitalist, you are not at all bothered with what I am going to present here. I know that because I am aware that even the most impractical ideas get the nod and the most amazing and lucrative ones don’t. I am selling myself here. It’s all about entrepreneurship. It’s about leadership. I know that all that matters to you is the numbers. I also know that you wouldn’t be handing over your money to a freak that would go and blow it all away on his crazy dream of creating another Facebook. So what is it that I have and others don’t? The answer is simple: I know how to execute. Yes, execution is what I possess. Many great ideas fail in their startup phase not because they didn’t have potential or all of a sudden weren’t profitable enough. They fail because they were executed improperly. They were leading in a completely different direction. I can assure you that what I’ll present here is what will happen in t he real world – that is if the economic conditions hold (CFA Institute). The truth is that there is no other Facebook. The times have changed. Social networking is a thing of the past. However, like every era this era, too, functions on the same ideology which is â€Å"to make disaster an opportunity.† As the world gears up for its next challenge, entrepreneurs and investors gear up to fill their pockets and that is what I am offering you. I am offering you to invest in the future. My idea is simple. I have in my possession the design of a machine that creates medicines for you. The idea is simple. This machine works just like an ATM. You take your blood sample to it. Your blood has your DNA and it analyzes what kind of chemical reaction the medicine should go through to be specifically modified for you. Sounds unreal? It sounded to me too, but believe me such a machine can be made. Look at the opportunity you have here. Can you even think of the possibilities I am ope ning you up to? I am effectively eliminating the manufacturing of medicines here. All you need is a formula that can be entered into this machine and it will create the medicine and modify it for the user. This means that a kid in India won’t have to die because s/he didn’t have the funds for buying medicine. That’s the other side. Medicine becomes cheaper. This might be an aspect for some investors you venture capitalists have to answer too. So let’s get to the real thing now – numbers. The cost of building this machine is going to be around $2.4 million. The cost is high because it’s just a prototype. When the prototype is approved by the medical bodies, we can begin mass production that will distribute the massive fixed costs of $2 million that we are incurring over thousands of machines. This cost includes the cost of the biotechnicians and doctors I will be using; it also includes the cost of the materials that will be used in making th is machine. The global biotech industry brings in revenues of up to $250 billion each year. When we build our machine, we predict to capture at least 3.7% of the market share in the initial 3 years. We will build 1,800 machines at a cost of $400,000 a machine. This brings the cost of machines to about 720 million dollars. The cost of buying and creating formulas for medicines is approximately $2.4 billion. If you

Endangered and Threatened Species of Wyoming Essay

Endangered and Threatened Species of Wyoming - Essay Example All grizzly bears have thick fur that shields them from cold and moisture (Potts, 1997, pp. 7-8). Figure 1. The grizzly bear has fur that has grayish tips. From â€Å"Grizzly Bear,† by J. Eastcott and Y. Momatiuk, n.d., http://animals.nationalgeographic.com/animals/mammals/grizzly-bear/. Copyright by J. Eastcott and Y. Momatiuk. Reprinted with permission. The adult grizzly bear has an average height of three to five feet when it is on all fours and six to 10 feet when standing. An adult grizzly may weigh from 600 pounds (Potts, 1997, p.4) to 800 pounds (â€Å"Grizzly Bear,† 2011), and even 1,400 pounds. When it comes to the physical description of the grizzly, it has flat feet and a muscular shoulder hump that powers the forelimbs for digging. Its head is round â€Å"with a concave facial profile† (â€Å"Grizzly Bear (Ursus arctos horribilis)†, 2011). According to the National Geographic, grizzly bears are â€Å"top-of-the-food-chain predators†. Alt hough they eat animals, surprisingly, grizzly bears are fond of fruits, berries, leaves and roots (â€Å"Grizzly Bear,† 2011). Potts (1997) reported that there are 40,000 to 50,000 grizzly bears living in the mountains and forests of Canada and Alaska. In the United States, particularly in the states of Montana, Washington, Wyoming and Idaho, the number of grizzlies is from 600 to 800 (p.5). In Wyoming, grizzly bears are recognized as threatened. Whitaker & Hamilton (1998) define threatened as the likelihood that a species become endangered in the future whereas an endangered species is in the danger of extinction throughout a part of its range (p.549). Due to burgeoning population, people occupy the territories of grizzly bears, driving them away from their home. When this happens, the food supply of these bears becomes limited; thus, grizzly bears go after the farm animals of the settlers. In turn, these settlers hunted the bears until they were almost extinct (Potts, 1997, p.13). Primarily, it was the dwindling number of existing grizzly bears that prompted their being threatened. In an article, it says that human activities that occur in the habitat of grizzlies also deprive these animals of territory and food supply. These activities include timber cutting, grazing, private land development and so on (Delvin, 1999). These grizzly bears have been recognized as threatened since 1967. Not surprisingly, humans bear greater responsibility in managing grizzly bears. It is the humans who pushed grizzly bears out of their territories. Due to growing population, some people settled in areas that are natural habitat to grizzly bears. Moreover, human influence has changed the bears’ natural ecosystems through the many activities such as timber cutting. Human contact has also led to some bears being hunted. For the past years, there were some debates whether grizzly bears should be delisted as threatened. Some experts disapproved, saying that bears are not ready yet to be delisted. However, there are some suggestions to improve the situation of grizzlies. First, there must be a law or policy that strictly prohibits the killing of bears. It is noteworthy that grizzlies were included in the threatened creatures list because of their dwindling number. Thus, for grizzlies to completely recover, humans must not kill them. Second, the government must provide a habitat with sufficient area where the bears are secured and have no way of venturing to where humans live. This is in relation to the fact that bears ventured out of Yellowstone that might â€Å"bring them into dangerous contact with humans† (Eilperin, 2005). Finally, the habitat of the grizzlies must be