Saturday 31 December 2016

SOME TYPICAL ENTREPRENEURS?


The Cultural Diversity of Entrepreneurship

As we have seen, virtually anyone has the potential to become an entrepreneur. Indeed, diversity
is a hallmark of entrepreneurship. We now explore the diverse mix of people who make up the
rich fabric of entrepreneurship.



Entrepreneurial atmosphere 

Young Entrepreneurs

Young people are embracing entrepreneurship enthusiastically as a career choice. A recent survey
by the Kauffman Foundation reports that 40 percent of young people between the ages of 8 and
24 have already started a business or would like to do so in the future. The top five reasons these
young people want to start their own businesses include the opportunity to use their skills and
abilities, build something for their future, be their own bosses, earn lots of money, and see their
ideas realized. Although entrepreneurial activity tends to increase with age, many members of the
Millennial generation (or Generation Y, those people born between 1982 and 2000) show high
levels of interest in entrepreneurship. Disenchanted with their prospects in corporate America
and willing to take a chance at controlling their own destinies, scores of young people are choosing
entrepreneurship as their initial career path. People between the ages of 15 and 29, nearly
64 million strong, are deciding that owning their own companies is the best way to create job
security and to achieve the balance between work and life that they seek. “People are realizing
they don’t have to go to work in suits and ties and don’t have to talk about budgets every day,”
says Ben Kaufman, founder of Mophie, a company (named after his golden retrievers, Molly and
Sophie) that he started at age 18 while still in high school that makes iPod accessories such as cases,
armbands, and belt clips. “They can have a job they like. They can create a job for themselves.”91
Because of young people such as Kaufman, the future of entrepreneurship looks very bright.

Women Entrepreneurs

Despite years of legislative effort, women still face discrimination in the workforce. However,
small business has been a leader in offering women opportunities for economic expression
through entrepreneurship. Increasing numbers of women are discovering that the best way to
break the “glass ceiling” that prevents them from rising to the top of many organizations is to start
their own companies. Women entrepreneurs have even broken through the comic strip barrier.
Blondie Bumstead, long a typical suburban housewife married to Dagwood, now owns her own
catering business with her best friend and neighbor Tootsie Woodly!
The number of women-owned businesses is growing 1.5 times faster than the national average.92
Women now own 30.4 percent of all privately held businesses in the United States, but their companies
generate just 11 percent of business sales.93 Although women-owned businesses are smaller
business plans. “It’s often over those late-night pizzas where the
best ideas are born,” says one official. One student entrepreneur
in the program agrees: “A lot of it is the community. Being around
people in the [entrepreneurship] program inspires one to think
about other opportunities out there.

How to plan

What I’ve learned here is
how to plan, how to make a business actually work.”
1. In addition to the normal obstacles of starting a business,
what other barriers do collegiate entrepreneurs face?
2. What advantages do collegiate entrepreneurs have when
launching a business?
3. What advice would you offer a fellow college student about
how to start a business?
4. Work with a team of your classmates to develop ideas about
what your college or university could do to create a culture
of entrepreneurship on your campus or in your community.

Relationship between small business and entrepreneurship

The term "entrepreneur" is often conflated with the term "small business" or used interchangeably with this term. While most entrepreneurial ventures start out as a small business, not all small businesses are entrepreneurial in the strict sense of the term. Many small businesses are sole proprietor operations consisting solely of the owner, or they have a small number of employees, and many of these small businesses offer an existing product, process or service, and they do not aim at growth. In contrast, entrepreneurial ventures offer an innovative product, process or service, and the entrepreneur typically aims to scale up the company by adding employees, seeking international sales, and so on, a process which is financed by venture capital and angel investments. Successful entrepreneurs have the ability to lead a business in a positive direction by proper planning, to adapt to changing environments and understand their own strengths and weakness.

Ethnic entrepreneurship

The term ethnic entrepreneurship refers to self-employed, business owners who belong to racial or ethnic minority groups in the United States and Europe. A long tradition of academic research explores the experiences and strategies of ethnic entrepreneurs as they strive to integrate economically into mainstream US or European society. Classic cases include Jewish merchants and tradespeople in large U.S. cities in the 19th and early 20th centuries as well as Chinese and Japanese small business owners (restaurants, farmers, shop clerks) on the West Coast.

In the 2010s, ethnic entrepreneurship has been studied in the case of Cuban business owners in Miami, Indian motel owners of the U.S. and Chinese business owners in Chinatowns across the United States. While entrepreneurship offers these groups many opportunities for economic advancement, self-employment, and business ownership in the United States remain unevenly distributed along racial/ethnic lines. Despite numerous success stories of Asian entrepreneurs, a recent statistical analysis of U.S. census data shows that whites are more likely than Asians, African-Americans, and Latinos to be self-employed in high prestige, lucrative industries.

Institutional entrepreneur

The USA-born British economist Edith Penrose has highlighted the collective nature of entrepreneurship. She mentions that in modern organizations, human resources need to be combined in order to better capture and create business opportunities. The sociologist Paul DiMaggio (1988:14) has expanded this view to say that "new institutions arise when organized actors with sufficient resources [institutional entrepreneurs] see in them an opportunity to realize interests that they value highly". The notion has been widely applied.

Feminist entrepreneur

A feminist entrepreneur is an individual who applies feminist values and approaches through entrepreneurship, with the goal of improving the quality of life and wellbeing of girls and women. Many are doing so by creating ‘for women, by women’ enterprises.’ Feminist entrepreneurs are motivated to enter commercial markets by desire to create wealth and social change, based on the ethics of cooperation, equality, and mutual respect.Courtesy of wikipedia......




Friday 30 December 2016

Creativity, Innovation, and Entrepreneurship?

Creativity, Innovation, and Entrepreneurship

According to the Battelle R&D Magazine, U.S. companies, government agencies, and universities
invest more than $465 billion annually in research and development (R&D). Small companies
are an important part of the total R&D picture. One study by the Small Business Administration
reports that small companies produce 16 times more patents per employee than their larger rivals.
What is the entrepreneurial “secret” for creating value in the marketplace? In reality, the “secret”
is no secret at all: It is applying creativity and innovation to solve problems and to exploit opportunities
that people face every day.

creativity and innovation

Creativity and innovation

 Creativity is the ability to develop new ideas and to discover
new ways of looking at problems and opportunities. Innovation is the ability to apply creative
solutions to those problems and opportunities to enhance or enrich people’s lives. Harvard’s Ted
Levitt says creativity is thinking new things and innovation is doing new things. In short, entrepreneurs
succeed by thinking and doing new things or old things in new ways. Simply having
a great new idea is not enough; transforming the idea into a tangible product, service, or business
venture is the essential next step. “Big ideas are just that—ideas—until you execute,” says
Krisztina Holly, an entrepreneur who serves on the National Advisory Council for Innovation and
Entrepreneurship.

Successful entrepreneurs 

Successful entrepreneurs develop new ideas, products, and services that solve a problem
or fill a need and, in doing so, create value for their customers and wealth for themselves. As
management legend Peter Drucker said, “Innovation is the specific instrument of entrepreneurs,
the act that endows resources with a new capacity to create wealth.”4 In a world that is changing
faster than most of us ever could have imagined, creativity and innovation are vital to a company’s
success—and ultimate survival. That’s true for businesses in every industry—from automakers to
tea growers—and for companies of all sizes. A recent survey by Adobe of people in the world’s
five largest economies reports that 80 percent of people believe unlocking creative potential is
the key to economic and societal growth, yet only one in four people say they are living up to
their creative potential.

Some surveys

 In addition, the survey reveals a creativity gap, in which 75 percent of
creativity
the ability to develop new
ideas and to discover new
ways of looking at problems
and opportunities.
innovation
the ability to apply creative
solutions to problems and
opportunities to enhance or
to enrich people’s lives
respondents say they are under increasing pressure to be productive rather than creative; yet just
25 percent of their work time is devoted to creativity. The primary barrier to creativity on the job?
Lack of time. In addition, 59 percent of the survey’s respondents say their educational systems
stifle individual creativity.

Description

Entrepreneurship has traditionally been defined as the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale or hire, and the people who do so are called 'entrepreneurs'. It has been defined as the "...capacity and willingness to develop, organize, and manage a business venture along with any of its risks in order to make a profit."While definitions of entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of businesses have to close, due to a "...lack of funding, bad business decisions, an economic crisis -- or a combination of all of these" or due to lack of market demand. In the 2000s, the definition of "entrepreneurship" has been expanded to explain how and why some individuals (or teams) identify opportunities, evaluate them as viable, and then decide to exploit them, whereas others do not, and, in turn, how entrepreneurs use these opportunities to develop new products or services, launch new firms or even new industries and create wealth. Recent advances stress the fundamentally uncertain nature of the entrepreneurial process, because although opportunities exist their existence cannot be discovered or identified prior to their actualization into profits . What appears as a real opportunity ex ante might actually be a non-opportunity or one that cannot be actualized by entrepreneurs lacking the necessary business skills, financial or social capital.

Traditionally, an entrepreneur has been defined as "a person who starts, organizes and manages any enterprise, especially a business, usually with considerable initiative and risk". "Rather than working as an employee, an entrepreneur runs a small business and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes." Entrepreneurs tend to be good at perceiving new business opportunities and they often exhibit positive biases in their perception (i.e., a bias towards finding new possibilities and seeing unmet market needs) and a pro-risk-taking attitude that makes them more likely to exploit the opportunity.

An entrepreneur is typically in control of a commercial undertaking, directing the factors of production–the human, financial and material resources–that are required to exploit a business opportunity. They act as the manager and oversee the launch and growth of an enterprise. Entrepreneurship is the process by which an individual (or team) identifies a business opportunity and acquires and deploys the necessary resources required for its exploitation. The exploitation of entrepreneurial opportunities may include actions such as developing a business plan, hiring the human resources, acquiring financial and material resources, providing leadership, and being responsible for the venture's success or failure. Economist Joseph Schumpeter (1883–1950) stated that the role of the entrepreneur in the economy is "creative destruction"–launching innovations that simultaneously destroy old industries while ushering in new industries and approaches. For Schumpeter, the changes and "dynamic disequilibrium brought on by the innovating entrepreneur ... [are] the ‘norm’ of a healthy economy."

"Entrepreneurial spirit is characterized by innovation and risk-taking." While entrepreneurship is often associated with new, small, for-profit start-ups, entrepreneurial behavior can be seen in small-, medium- and large-sized firms, new and established firms and in for-profit and not-for-profit organizations, including voluntary sector groups, charitable organizations and government. For example, in the 2000s, the field of social entrepreneurship has been identified, in which entrepreneurs combine business activities with humanitarian, environmental or community goals.

Entrepreneurship typically operates within an entrepreneurship ecosystem which often includes government programs and services that promote entrepreneurship and support entrepreneurs and start-ups; non-governmental organizations such as small business associations and organizations that offer advice and mentoring to entrepreneurs (e.g., through entrepreneurship centers or websites); small business advocacy organizations that lobby the government for increased support for entrepreneurship programs and more small business-friendly laws and regulations; entrepreneurship resources and facilities (e.g., business incubators and seed accelerators); entrepreneurship education and training programs offered by schools, colleges and universities; and financing (e.g., bank loans, venture capital financing, angel investing, and government and private foundation grants). The strongest entrepreneurship ecosystems are those found in top entrepreneurship hubs such as Silicon Valley, New York City, Boston, Singapore, Berlin, and other such locations where there are clusters of leading high-tech firms, top research universities, and venture capitalists.[14] In the 2010s, entrepreneurship can be studied in college or university as part of the disciplines of management or business administration.Courtesy of wikipedia....



Thursday 29 December 2016

Launch a Successful Business While You Are Still in College?

  • Entrepreneurship from college life

Collegiate entrepreneurs are becoming increasingly common as
colleges and universities offer more courses and a greater variety
of courses in the areas of entrepreneurship and small business
management. Launching a business while in college offers many
advantages, including access to research and valuable advice, but
starting an entrepreneurial career also poses challenges, including
a lack of financial resources, business experience, and time. What
are some of the most common myths that prevent young people
(not just college students) from launching businesses?

entrepreneurship and college

• I don’t have enough money to launch a business.


 One
of the greatest benefits of the shift in the United States to
a service economy is that service businesses usually are
inexpensive to start. One young entrepreneur worked with a
friend to launch a Web development company while in high
school, and their total start-up cost was just $80.

• I don’t have enough time


a successful business. Quite a few successful entrepreneurs,
including Michael Dell (Dell Inc.), Richard Branson (Virgin),
Walt Disney (Disney), Mark Zuckerberg (Facebook), and
Debbi Fields (Mrs. Fields Cookies), dropped out of college
to start their businesses.

• I’m not majoring in business. 


Success in entrepreneurship
is not limited to students who earn business degrees.
Anyone has the potential to be a successful entrepreneur.
At the University of Miami, only 20 percent of the students
who have participated in The Launch Pad, the school’s
start-up accelerator, have been business majors.

• I’m not creative enough to come up with a good idea for
a business.


 As you will learn in Chapter 3, everyone has the
potential to be creative. Some of the most successful businesses
are the result of an entrepreneur who recognized a simple need
that people had and created a business to meet that need.

• I don’t have any experience.


 Neither did Bill Gates
(Microsoft) and Michael Dell (Dell Inc.) when they launched
their companies, and things worked out pretty well for both
of them. Business experience can be an important factor
in a company’s success, but every entrepreneur has to start
somewhere to gain that experience.

• I might fail. Failure is a possibility.


 In fact, the survival rate
of new companies after five years is 51 percent. Ask yourself
this: What is the worst that can happen if I launch a
business and it fails? Entrepreneurs do not allow the fear
of failure to stop them from trying to realize their dreams.
If you want to become a successful collegiate entrepreneur,
what can you do to increase the chances of your success? 

 tips that will help in your success.

Recognize That Starting a Business at an Early
Age May Be to Your Advantage
Young people tend to be highly creative, and that can provide
your company with a competitive advantage. In addition, young
people often accomplish things simply because they don’t know
that they are not supposed to be able to do them!

Build a Business Plan

One of the best ways to lower the probability that your business will
fail is to create a business plan. Doing so forces you to ask and then
answer some tough questions about your idea and your proposed
venture. “It’s all about ‘derisking’ your idea,” says Gregg Fairbrothers,
who teaches entrepreneurship at Dartmouth’s Tuck School of Business.
“Identifying, unblinkingly, what could go wrong and taking
whatever steps necessary to slash the odds that it will.”

Use All of the Resources Available to You

Many colleges and universities now offer courses in entrepreneurship
and small business management and have faculty members
who are experts in the field. In many cases, the people who are
teaching these classes are veteran entrepreneurs themselves with
tremendous reservoirs of knowledge and experience. Some colleges
provide special dorms for budding entrepreneurs that serve as business
incubators. Smart collegiate entrepreneurs tap into the pool of
resources that their campuses offer.

Use of case studies

Some business schools structure their teaching around the use of case studies (i.e. the case method). Case studies have been used in Graduate and Undergraduate business education for nearly one hundred years. Business cases are historical descriptions of actual business situations. Typically, information is presented about a business firm's products, markets, competition, financial structure, sales volumes, management, employees and other factors influencing the firm's success. The length of a business case study may range from two or three pages to 30 pages, or more.

Business schools often obtain case studies published by the Harvard Business School, INSEAD, the Ross School of Business at the University of Michigan, the Richard Ivey School of Business at The University of Western Ontario, the Darden School at the University of Virginia, IESE, other academic institutions, or case clearing houses (such as The Case Centre). Harvard's most popular case studies include Lincoln Electric Co. and Google, Inc.

Students are expected to scrutinize the case study and prepare to discuss strategies and tactics that the firm should employ in the future. Three different methods have been used in business case teaching:

Preparing case-specific questions to be answered by the student. This is used with short cases intended for Undergraduate students. The underlying concept is that such students need specific guidance to be able to analyze case studies.
Problem-solving analysis is the second method initiated by the Harvard Business School which is by far the most widely used method in MBA and executive development programs. The underlying concept is that with enough practice (hundreds of case analyses) students develop intuitive skills for analyzing and resolving complex business situations. Successful implementation of this method depends heavily on the skills of the discussion leader.
A generally applicable strategic planning approach. This third method does not require students to analyze hundreds of cases. A strategic planning model is provided and students are instructed to apply the steps of the model to six - and up to a dozen cases - during a semester. This is sufficient to develop their ability to analyze a complex situation, generate a variety of possible strategies and to select the best ones. In effect, students learn a generally applicable approach to analyze cases studies and real situations. This approach does not make any extraordinary demands on the artistic and dramatic talents of the teacher. Consequently, most professors are capable of supervising application of this method.Courtesy of wikipedia.....


Wednesday 28 December 2016

The World of the Entrepreneurs?

Around the globe

Welcome to the world of the entrepreneur! Around the world, growing numbers of people are
realizing their dreams of owning and operating their own businesses. Entrepreneurship continues
to thrive in nearly every corner of the world. Globally, one in eight adults is actively
engaged in launching a business.

Business initiation

 Research by the Kauffman Foundation shows that in the United
States alone, entrepreneurs launch 476,000 businesses each month.

 Economical explosion

This entrepreneurial spirit
is the most significant economic development in recent business history. In the United States
and around the globe, these heroes of the new economy are reshaping the business environment
and creating a world in which their companies play an important role in the vitality of the global
economy. With amazing vigor, their businesses have introduced innovative products and services,
pushed back technological frontiers, created new jobs, opened foreign markets, and, in the process,
provided their founders with the opportunity to do what they enjoy most. “Small businesses
have been at the core of our economy’s growth over the last few years,” says Winslow Sargeant,
chief counsel of the U.S. Small Business Administration’s Office of Advocacy.


money explosion

Importance of entrepreneurs 

Entrepreneurial activity is essential to a strong global economy. Many of the world’s largest
companies continue to engage in massive downsizing campaigns, dramatically cutting the number
of employees on their payrolls. This flurry of “pink slips” has spawned a new population of
entrepreneurs: “castoffs” from large corporations (in which many of these individuals thought
they would be lifetime ladder climbers) with solid management experience and many productive
years left before retirement. According to the Small Business Administration, during a recent
one-year period, the largest companies in the United States (those with 500 or more employees)
shed 1.7 million net jobs; during the same period, small businesses with fewer than 20 employees
created 287,000 net jobs!

Entrepreneurship a refuge to downsizing victims

One casualty of this downsizing has been the long-standing notion of job security in large
corporations. As a result, many people no longer see launching a business as a risky career path.
Having been victims of downsizing or having witnessed large companies execute layoffs with
detached precision, these people see entrepreneurship as the ideal way to create their own job
security and success. Rather than pursue corporate careers after graduation, many college students
are choosing to launch companies of their own. They prefer to control their own destinies
by building their own businesses.
Mission To engage leading entrepreneurs to learn and grow.

Young Entrepreneurs' Organization

Entrepreneurs' Organization (EO) is a global non-profit organization, whose stated mission is to "Engage leading entrepreneurs to learn and grow." EO was formerly known as Young Entrepreneurs' Organization (YEO). The organization was founded in 1987.

History

In 1987, 22 young entrepreneurs created an organization whose goal was stated to be "to provide learning and networking opportunities for its members". The Young Entrepreneurs' Organization (YEO) expanded throughout the United States and Canada. Within a few years, membership grew to include chapters in Latin America, Europe, the Middle East, Africa, and Asia. In 1996, YEO helped create the World Entrepreneurs’ Organization (WEO), which served as an alumni organization for YEO members who, after the age of 40, wanted to continue their involvement in an entrepreneurial membership organization. In 2005, YEO and WEO merged to form the Entrepreneurs’ Organization (EO) as it is known today.

Founding members

Verne Harnish is the founder of the Young Entrepreneurs’ Organization and recruited 22 entrepreneurs as founding board members to initially fund the start-up of the organization. Kevin Harrigton, of Shark Tank fame, was one of the founding board members, in addition to Alfred F. Gerriets, II. recognized 30 years ago as an aspiring entrepreneur in the book "The Dynamos". who still thinks outside the box. 

Additional programs

The Entrepreneurs' Organization runs two additional programs: the Global Student Entrepreneur Awards  and the Accelerator Program.
The Global Student Entrepreneur Awards (GSEA) is an awards program for high school, undergraduate, and graduate students who own and operate a business. EO GSEA operates as an international series of competitions for student entrepreneurs who are attending a recognized high school, college or university, who own a for-profit business, are principally responsible for its operation and have been generating revenue for a minimum of six consecutive months.

The organization's Inventory of Skills program enables members to confer with one-another to obtain information about business matters and to solve various business problems.

Global Entrepreneur Indicator

The Global Entrepreneur Indicator (GEI) began in 2010 as a semi-annual survey of the membership of the Entrepreneurs’ Organization. The Global Entrepreneur Indicator surveys a globally representative sample of entrepreneurs to predict economic trends in a number of areas, including job creation, profits and debt loads, economic forecasting, and the business environment. In 2012, the GEI found that approximately 60% of businesses experienced a net profit, while 59% increased their employee headcount.



Tuesday 27 December 2016

Some points about entrepreneurial profile?

1.Desire  for responsibility.

 Entrepreneurs feel a deep sense of personal responsibility for the
outcome of ventures they start. They prefer to be in control of their resources, and they use
those resources to achieve self-determined goals. Deborah Sullivan, a lifelong serial entrepreneur
realized at the age of 16 that she did not want to spend her life working for others.
“You’re stuck by all of these different rules [when you work for someone else],” she says.
“I wanted to create something for myself.” Sullivan has been an entrepreneur since she
was 22 years old, when she launched a hair salon and spa in Atlanta, Georgia. In 2012, at
the age of 60, Sullivan started Consign Werks, a consignment shop in Greenville, South
Carolina, which she says has been the most gratifying of her entrepreneurial ventures
perhaps because she knew almost nothing about the business until she spent months
researching and learning everything she could about consignment shops.13

2. Preference for moderate risk.

 Entrepreneurs are not wild risk takers but are instead calculated
risk takers. Lee Lin, who left his job at a large investment bank to start RentHop, an online
service that helps renters find the ideal apartment in New York City, says that entrepreneurs
who risk everything typically do not stay in business very long. Lin says that to minimize risk,
he manages his company’s finances carefully and focuses on profitable growth opportunities.14
A study of the founders of the businesses listed as Inc. magazine’s fastest-growing companies
found no correlation between risk tolerance and entrepreneurship. The common belief that entrepreneurs
prefer taking big risks is a myth. 

3.Self-reliance.

Entrepreneurs must fill multiple roles to make their companies successful,
especially in tDesirehe early days of a start-up. Because their resources usually are limited, they
end up performing many jobs themselves, even those they know little about. Yet, entrepreneurs
demonstrate a high level of self-reliance and do not shy away from the responsibility
for making their businesses succeed. Perhaps that is why many entrepreneurs persist in
building businesses even when others ridicule their ideas as follies.

4. Confidence in their ability to succeed.

 Entrepreneurs typically have an abundance of
confidence in their ability to succeed and are confident that they chose the correct career
path. Entrepreneurs’ high levels of optimism may explain why some of the most successful
entrepreneurs have failed in business—often more than once—before finally succeeding.




entrepreneurial profile




5. Desire for immediate feedback.

 Entrepreneurs enjoy the challenge of running a business,
and they like to know how they are doing and are constantly looking for feedback. The
feedback they receive from their businesses drives them to set higher standards of performance
for their companies and themselves.22

6. High level of energy. 

Entrepreneurs are more energetic than the average person. That
energy may be a critical factor given the incredible effort required to launch a start-up
company. Long hours and hard work are the rule rather than the exception, and the pace can
be grueling. According to a recent survey by Bank of America, 72 percent of small business
owners work more than 40 hours per week.

7. Future orientation.

 Entrepreneurs have a well-defined sense of searching for opportunities.
They look ahead and are less concerned with what they did yesterday than with what
they might do tomorrow. Not satisfied to sit back and revel in their success, real entrepreneurs
stay focused on the future.

Depth descripition

Why is Intrapreneurship a contemporary issue and how do practitioners apply the knowledge?
Intrapreneurship is a contemporary issue with pressing relevance for corporate managers. Antoncic and Hisrich conclude that Intrapreneurship has a positive impact on organisational growth and profitability. Organisations that build structures and embed values to support Intrapreneurship are consequently more likely to have a high Intrapreneurial Orientation and are more likely to grow than organisations with a low Intrapreneurial Orientation. Intrapreneurial organisations are more innovative, they continually renew and this proactive approach leads to new business venturing. Interestingly, their findings indicate that Intrapreneurship could be particularly beneficial for transition economies.

Antoncic & Hisrich find that good quality open communications together with a formal structure and supported by environmental scanning and management support will help an organisation become more intrapreneurial. Barringer at al  support this assertion and describe the relationship between corporate entrepreneurship and strategic management. They found that the following variables can influence the organisation: Scanning Intensity, Planning Flexibility, Planning Horizon, Locus of Planning and Control Attributes. McKinsey’s  survey supports the view that organisations with a formal process report higher success rates.

In general, the academic approach to Intrapreneurship is predominantly based on the company wide re-organisation required to foster intrapreneurship. By contrast, the corporate view is often that innovation is the means, rather than the end. This is described in Capozzi et al.) where the driver for innovation is identified as the strategic need to grow the core business. Thus, there is often a difference in the vocabulary used with academics preferring intrapreneurship and practitioners talking of innovation.

Practicing managers looking to increase their organisation’s Intrapreneurial Orientation, or their organisation’s capacity for innovation could familiarize themselves with Altringer’s "New model for innovation"; this relies on successful entrepreneurs facilitating innovation sessions. This pragmatic approach relies on timely interventions to generate innovative ideas, rather than a company wide cultural change requiring organisational re-design. Another approach to bridging the gap between practitioners and academia is the model proposed by Anthony et al. The Minimum Viable Innovation System (MVIS) is an attempt to take the essence of academic models and demonstrate how organisations can implement a MVIS within 90 days.Courtesy of wikipedia....



Monday 26 December 2016

Wishes and ambitions of beloved people?

Life is a mixture

Life is a mixture of many things.A life is collection of all the things with their both positive and negative things.A man has to face a  lot of problems and issues while leading a good and healthy life.It is naturally that ups and downs in life are necessary to occur.When a man becomes successful in facing all the miseries then true promotions and up gradation occurs.

Men and ambitions  

The ambitions and wishes in the world are as many as the people in the world.Every one according to his ambition and nature wants some thing and dislikes some thing.This liking and disliking behavior varies man to man.Some want  to be philosopher of the time while other want to be renowned writer of the world.Others have ambition to be doctor for the service of humanity.Where as some want to be engineer to build up the world in a comprehensive way.

Precious people of time

History is witness for some people due to their great and extraordinary deeds and achievements.Such people are in the minds and hearts of all people.People make them their ideals to follow in their lives.Administrations are running after the quotes and teachings of such people.World is paying them homage and attribute all the time.They are liberator and savior of the humanity.All the revolutions and changes in the world are just due to the sacrifices such people.Such people do not live permanently in the world but their deeds and achievements are present forever.History existence is just due to miracles of such people.

How people become leaders and great

The leaders and great personalities of the world consider their times very valuable.They consider time is more valuable than gold,silver and any other things of the time.They live for  humanity.They spend their lives in doing somewhat for the  countries.Such people are at the hit list when sacrifices arise and needs for sacrifices generate.

How should be the ambitions of the people

The ambitions of the people should be high and proper.Their destinations and targets should be clear.Man should learn to live for humanity,religion,culture,language,values and for the defence of  country .They should be ready for sacrifices when they arise.Furthermore we should learn something form our forefathers for our aims and goals in life. 





ambition to achieve

The Vanity of Human Wishes: The Tenth Satire of Juvenal Imitated is a poem by the English author Samuel Johnson.Written in late 1748 and published in 1749 (see 1749 in poetry), it was begun and completed while Johnson was busy writing A Dictionary of the English Language and it was the first published work to include Johnson's name on the title page.

As the subtitle suggests, it is an imitation of Satire X by the Latin poet Juvenal. Unlike Juvenal, Johnson attempts to sympathize with his poetic subjects. Also, the poem focuses on human futility and humanity's quest after greatness like Juvenal but concludes that Christian values are important to living properly. It was Johnson's second imitation of Juvenal (the first being his 1738 poem London). Unlike London, The Vanity of Human Wishes emphasizes philosophy over politics. The poem was not a financial success, but later critics, including Walter Scott and T. S. Eliot, considered it to be Johnson's greatest poem. Howard D. Weinbrot called it one of the great poems in the English language."

Contents   
1 Background
2 Poem
2.1 Sources
2.2 Imitation
3 Critical response
4 Notes
5 References
6 External links

Background

In 1738 Johnson composed London, his first imitation of Juvenal's poetry, because imitations were popularised by those like Pope during the 18th century. When Johnson replaced Edward Cave with Robert Dodsley as his publisher, he agreed with Dodsley that he would need to change the focus of his poetry.[5] Johnson's London is concerned primarily with political issues, especially those surrounding the Walpole administration, but The Vanity of Human Wishes focuses on overarching philosophical concepts.

In a conversation with George Steevens, Johnson recounted that he wrote the first seventy lines "in the course of one morning, in that small house behind the church". Johnson claimed that "The whole number was composed before I committed a single couplet to writing". To accomplish this feat, Johnson relied on a "nearly oral form of composition" which was only possible "because of his extraordinary memory". Johnson told Boswell that when he was writing poetry, he often "from laziness" only wrote down the first half of each line. This remark is borne out by the manuscript of The Vanity of Human Wishes, in which the first half of each line is written in a different ink to the second half; "evidently Johnson knew that the rime words would keep the second halves in mind." Although Johnson was busy after 1746 working on his Dictionary, he found time to further work on The Vanity of Human Wishes and complete his play, Irene.

The first edition was published on 9 January 1749. It was the first publication by Johnson to feature his name on the title page. It was not a financial success and only earned Johnson fifteen guineas. A revised version was published in the 1755 edition of Dodsley's anthology A collection of Poems by Several Hands. A third version was published posthumously in the 1787 edition of his Works, evidently working from a copy of the 1749 edition.[13] However, no independent version of the poem was published during Johnson's life beyond the initial publication.Courtesy of wikiipedia....



Sunday 25 December 2016

Jobs, jobs and jobs?

Job increments

The increasing and boosting status of everything is common now a days.A lot of revolutions have occurred and further occurring with the passage of time.So is the matter with jobs.The needs and deficiencies are arising so the job vacancies are producing day by day.

Job  explosions and present race

It is unbelievable that internet websites,job centers and business markets are full of jobs.Furthermore the world of internet is full of jobs.All the jobs no doubt are for the people suited for these jobs.But few people in the market are fully suited and booted for the jobs.Every one is in full struggle in securing jobs for ones.But in fact job securer will be the one who is completely furnished and ornamented for the associated jobs.

One statement of Einstein

Einstein says logic will take you from A to B but imagination will take you everywhere.So there is need to be full determined and imagination possessor person in order to get jobs in the present market.

Jobs and technology tools

In the past two decades it was too much difficult to get jobs.A considerable time was spent in  job searching.But now a days to know job opportunities and apply for jobs is very easy than even eating meal or food.All these ease and facilities are just due to science advancement and science and involvement in various all fields of human life.

Job problems

Unfortunately the able and capable persons of the time are depriving from handsome and good paid jobs.This problem is due to the far spread corruption in all the departments of every country.The disable and under educated persons and less educated persons are offered with highly paid jobs.It is also fact that jobs run the wheels of references and bribery.This bad habit is also one of the worst problems due to which countries become dwindled and economy of the countries fall in  very bad pattern.

Jobs and equal distribution of wealth


The job problems and issues can be solved if limitations of corruption and references are terminated in order to get jobs.If true discipline and  without discrimination jobs are offered then unemployment can also be controlled with own economy of the country.Then people will be happy and society will be prosperous and better in such atmosphere. 



job picture

Types of jobs

Jobs can be categorized by the hours per week into full time or part time. They can be categorized as temporary, odd jobs, seasonal, self-employment, consulting, or contract employment.

Jobs can be categorized as paid or unpaid. Examples of unpaid jobs include volunteer, homemaker, mentor, student, and sometimes intern.

Jobs can be categorized by the level of experience required: entry level, intern, and co-op.

Some jobs require specific training or an academic degree.

Those without paid full-time employment may be categorized as unemployed or underemployed if they are seeking a full-time paid job.

Moonlighting is the practice of holding an additional job or jobs, often at night, in addition to one's main job, usually to earn extra income. A person who moonlights may have little time left for sleep or leisure activities.

The Office for National Statistics in the United Kingdom lists 27,966 different job titles, within a website published 2015.

Day job

The expression day job is often used for a job one works in to make ends meet while performing low-paying (or non-paying) work in their preferred vocation. Archetypal examples of this are the woman who works as a waitress (her day job) while she tries to become an actress, and the professional athlete who works as a laborer in the off season because he is currently only able to make the roster of a semi-professional team.

While many people do hold a full-time occupation, "day job" specifically refers to those who hold the position solely to pay living expenses so they can pursue, through low paying entry work, the job they really want (which may also be during the day). The phrase strongly implies that the day job would be quit, if only the real vocation paid a living wage.

The phrase "don't quit your day job" is a humorous response to a poor or mediocre performance not up to professional caliber. The phrase implies that the performer is not talented enough in that activity to be able to make a career out of it.

Getting a job

Further information: Job hunting and Employment
Getting a first job is an important rite of passage in many cultures. The youth may start by doing household work, odd jobs, or working for a family business. In many countries, school children get summer jobs during the longer summer vacation. Students enrolled in higher education can apply for internships or coops to further enhance the probability of securing an entry level job upon graduation.

Résumés summarize a person's education and job experience for potential employers. Employers read job candidate résumés to decide whom to interview for an open position.

Use of the word

Workers often talk of "getting a job", or "having a job". This conceptual metaphor of a "job" as a possession has led to its use in slogans such as "money for jobs, not bombs". Similar conceptions are that of "land" as a possession (real estate) or intellectual rights as a possession (intellectual property).


Job opening

In economics, a vacancy or job opening refers to a job offered by a firm that wishes to hire a worker. Ideally, the right person is hired at the right time in the right place to work for the organization. The planning, or lead time, necessary to fill the job opening is worked out in advance to allow sufficient time for recruitment, offer, acceptance, notice period and start date.


Occupation and life expectancy

Manual work seems to shorten the lifespan. High rank (a higher position at the pecking order) has a positive effect. Professions that cause anxiety have a direct negative impact on health and lifespan.Some data are more complex to interpret due to the various reasons of long life expectancy; thus skilled professionals, employees with secure jobs and low anxiety occupants may live a long life for variant reasons. The more positive characteristics a job has, the more it attributes on a longer lifespan. Gender, country and actual (what statistics reveal, not what people believe) danger are also notable parameters.Courtesy of wikipedia...





Saturday 24 December 2016

WHY PEOPLE FAIL TO GET JOBS?

Background and scenario
A man possessing well oriented confidence,wonderful presentation skills,extensive general knowledge of multiple fields  supreme speaking skills,managing skills,leadership qualities and controlling power can obtain well paid job in today's age.

Job fairs
It is amazing that plenty of jobs is present in today's market for fresh educated people.The jobs available are multiple and of all kinds.If people come with complete skills required for any job then no one will be deprived from jobs.It is also fact that recently jobs are less and people are more.Any how my above sentence will be absolutely right if people enter market with skillful profile.
People ambitions
Every one who comes to get job via test,interview,physical practices and other predefined merits wants to be winner of the day but unfortunately it is just dream of people and they do not qualify due to their own illness and weaknesses.Anyhow skillful and hard worker of the time become the selector and winner of the competition and disable candidates just get frustrated at the spot.
Reasons for job failure
What is reason for job failure of people and why are unable to get job according to their ambitions.The reason is just their disability due to lack of associated skills and qualities for the related job.The background of this failure is full of flaws and drawbacks that need to be improved.   
The job process for example for any educated person starts with CV or resume activity.It is stated with cent percent grief and sorrow that 90% people do not know what is CV and how to write an effective CV for job purposes.The first most thing even before CV is the fool messaging or mailing  style of the job seekers.
What to do to get job
A man should be professional  in everything if he  has committed to himself to get job.A professional is professional is writing CV and mailing activities.A job seeker should know how to do mail and how to write mail in a professional style that will attract job keeper to provide job.A person who is full determined  to get job should be expert how to write an effective CV or resume job.One more thing that matters in job getting is the efficient speaking and managing style.During interview confidence of the candidate is examined by the interview taker.A man should be able to express his internal feelings by extraordinary speaking and presentation skills.   


                                      Classification and types
The state of being without any work both for an educated & uneducated person, for earning one's livelihood is meant by unemployment. Economists distinguish between various overlapping types of and theories of unemployment, including cyclical or Keynesian unemployment, frictional unemployment, structural unemployment and classical unemployment. Some additional types of unemployment that are occasionally mentioned are seasonal unemployment, hardcore unemployment, and hidden unemployment.

Though there have been several definitions of "voluntary" and "involuntary unemployment" in the economics literature, a simple distinction is often applied. Voluntary unemployment is attributed to the individual's decisions, whereas involuntary unemployment exists because of the socio-economic environment (including the market structure, government intervention, and the level of aggregate demand) in which individuals operate. In these terms, much or most of frictional unemployment is voluntary, since it reflects individual search behavior. Voluntary unemployment includes workers who reject low wage jobs whereas involuntary unemployment includes workers fired due to an economic crisis, industrial decline, company bankruptcy, or organizational restructuring.

On the other hand, cyclical unemployment, structural unemployment, and classical unemployment are largely involuntary in nature. However, the existence of structural unemployment may reflect choices made by the unemployed in the past, while classical (natural) unemployment may result from the legislative and economic choices made by labour unions or political parties. So, in practice, the distinction between voluntary and involuntary unemployment is hard to draw.

The clearest cases of involuntary unemployment are those where there are fewer job vacancies than unemployed workers even when wages are allowed to adjust, so that even if all vacancies were to be filled, some unemployed workers would still remain. This happens with cyclical unemployment, as macroeconomic forces cause microeconomic unemployment which can boomerang back and exacerbate these macroeconomic forces.

Classical unemployment[edit]
Classical or real-wage unemployment occurs when real wages for a job are set above the market-clearing level, causing the number of job-seekers to exceed the number of vacancies. On the other hand, other economists argue that as wages fall below a livable wage many choose to drop out of the labor market and no longer seek employment. This is especially true in countries where low-income families are supported through public welfare systems. In such cases wages would have to be high enough to motivate people to choose employment over what they receive through public welfare. Wages below a livable wage are likely to result in lower labor market participation in above stated scenario. In addition it must be noted that consumption of goods and services is the primary driver of increased need for labor. Higher wages leads to workers having more income available to consume goods and services. Therefore, higher wages increase general consumption and as a result need for labor increases and unemployment decreases in the economy.

Many economists have argued that unemployment increases with increased governmental regulation. For example, minimum wage laws raise the cost of some low-skill laborers above market equilibrium, resulting in increased unemployment as people who wish to work at the going rate cannot (as the new and higher enforced wage is now greater than the value of their labor).
Laws restricting layoffs may make businesses less likely to hire in the first place, as hiring becomes more risky.

However, this argument overly simplifies the relationship between wage rates and unemployment, ignoring numerous factors, which contribute to unemployment. Some, such as Murray Rothbard, suggest that even social taboos can prevent wages from falling to the market-clearing level.

In Out of Work: Unemployment and Government in the Twentieth-Century America, economists Richard Vedder and Lowell Gallaway argue that the empirical record of wages rates, productivity, and unemployment in American validates classical unemployment theory. Their data shows a strong correlation between adjusted real wage and unemployment in the United States from 1900 to 1990. However, they maintain that their data does not take into account exogenous events.


The IS-LM Model is used to help and process analyze the effect of supply shocks on the economy.


Cyclical, deficient-demand, or Keynesian unemployment, occurs when there is not enough aggregate supply in the economy to provide jobs for everyone who wants to work. Demand for most goods and services falls, less production is needed and consequently fewer workers are needed, wages are sticky and do not fall to meet the equilibrium level, and mass unemployment results.[15] Its name is derived from the frequent shifts in the business cycle although unemployment can also be persistent as occurred during the Great Depression of the 1930s.

With cyclical unemployment, the number of unemployed workers exceeds the number of job vacancies, so that even if full employment were attained and all open jobs were filled, some workers would still remain unemployed. Some associate cyclical unemployment with frictional unemployment because the factors that cause the friction are partially caused by cyclical variables. For example, a surprise decrease in the money supply may shock rational economic factors and suddenly inhibit aggregate demand.

Keynesian economists on the other hand see the lack of supply for jobs as potentially resolvable by government intervention. One suggested interventions involves deficit spending to boost employment and demand. Another intervention involves an expansionary monetary policy that increases the supply of money which should reduce interest rates which should lead to an increase in non-governmental spending.

Marxian theory of unemployment

Karl Marx, Theorien über den Mehrwert, 1956
It is in the very nature of the capitalist mode of production to overwork some workers while keeping the rest as a reserve army of unemployed paupers.

— Marx, Theory of Surplus Value,
Marxists also share the Keynesian viewpoint of the relationship between economic demand and employment, but with the caveat that the market system's propensity to slash wages and reduce labor participation on an enterprise level causes a requisite decrease in aggregate demand in the economy as a whole, causing crises of unemployment and periods of low economic activity before the capital accumulation (investment) phase of economic growth can continue.

According to Karl Marx, unemployment is inherent within the unstable capitalist system and periodic crises of mass unemployment are to be expected. The function of the proletariat within the capitalist system is to provide a "reserve army of labour" that creates downward pressure on wages. This is accomplished by dividing the proletariat into surplus labour (employees) and under-employment (unemployed).This reserve army of labour fight among themselves for scarce jobs at lower and lower wages.

At first glance, unemployment seems inefficient since unemployed workers do not increase profits. However, unemployment is profitable within the global capitalist system because unemployment lowers wages which are costs from the perspective of the owners. From this perspective low wages benefit the system by reducing economic rents. Yet, it does not benefit workers. Capitalist systems unfairly manipulate the market for labour by perpetuating unemployment which lowers laborers' demands for fair wages. Workers are pitted against one another at the service of increasing profits for owners.

According to Marx, the only way to permanently eliminate unemployment would be to abolish capitalism and the system of forced competition for wages and then shift to a socialist or communist economic system. For contemporary Marxists, the existence of persistent unemployment is proof of the inability of capitalism to ensure full employment.

Full employment
Main article: Full employment

Short-Run Phillips Curve before and after Expansionary Policy, with Long-Run Phillips Curve (NAIRU). Note, however, that the unemployment rate is an inaccurate predictor of inflation in the long term.
In demand-based theory, it is possible to abolish cyclical unemployment by increasing the aggregate demand for products and workers. However, eventually the economy hits an "inflation barrier" imposed by the four other kinds of unemployment to the extent that they exist. Historical experience suggests that low unemployment affects inflation in the short term but not the long term. In the long term, the velocity of money supply measures such as the MZM ("money zero maturity," representing cash and equivalent demand deposits) velocity is far more predictive of inflation than low unemployment.Courtesy of wikipedia,,,,

interview being conducted





Friday 23 December 2016

Factors affecting inductance?


Initiative

There are four basic factors of inductor construction determining the amount of inductance created. These factors all dictate inductance by affecting how much magnetic field flux will develop for a given amount of magnetic field force (current through the inductor’s wire coil)

NUMBER OF WIRE WRAPS, OR “TURNS” IN THE COIL

 All other factors being equal, a greater number of turns of wire in the coil results in greater inductance; fewer turns of wire in the coil results in less inductance.

Explanation 

More turns of wire means that the coil will generate a greater amount of magnetic field force (measured in amp-turns!), for a given amount of coil current.


COIL AREA 

All other factors being equal, greater coil area (as measured looking lengthwise through the coil, at the cross-section of the core) results in greater inductance; less coil area results in less inductance.

Explanation

Greater coil area presents less opposition to the formation of magnetic field flux, for a given amount of field force (amp-turns).

COIL LENGTH 

All other factors being equal, the longer the coil’s length, the less inductance; the shorter the coil’s length, the greater the inductance.

Explanation

 A longer path for the magnetic field flux to take results in more opposition to the formation of that flux for any given amount of field force (amp-turns).

CORE MATERIAL

 All other factors being equal, the greater the magnetic permeability of the core which the coil is wrapped around, the greater the inductance; the less the permeability of the core, the less the inductance.

Explanation

A core material with greater magnetic permeability results in greater magnetic field flux for any given amount of field force (amp-turns).


An approximation of inductance for any coil of wire can be found with this formula:

L =  N^2 u A /I

u = ur*u0



Inductance

Scientists

In electromagnetism and electronics, inductance is the property of an electrical conductor by which a change in current through it induces an electromotive force in both the conductor itself and in any nearby conductors by mutual inductance.

These effects are derived from two fundamental observations of physics: a steady current creates a steady magnetic field described by Oersted's law and a time-varying magnetic field induces an electromotive force (EMF) in nearby conductors, which is described by Faraday's law of induction. According to Lenz's law,a changing electric current through a circuit that contains inductance induces a proportional voltage, which opposes the change in current (self-inductance). The varying field in this circuit may also induce an EMF in neighbouring circuits (mutual inductance).

The term inductance was coined by Oliver Heaviside in 1886. It is customary to use the symbol L for inductance, in honour of the physicist Heinrich Lenz. In the SI system, the measurement unit for inductance is the henry, with the unit symbol H, named in honor of Joseph Henry, who discovered inductance independently of, but not before, Faraday.

Circuit analysis

An electronic component that is intended to add inductance to a circuit is called an inductor. Inductors are typically manufactured from coils of wire. This design delivers two desired properties, a concentration of the magnetic field into a small physical space and a linking of the magnetic field into the circuit multiple times.

The relationship between the self-inductance, L, of an electrical circuit, the voltage, v(t), and the current, i(t), through the circuit is

{\displaystyle \displaystyle v(t)=L\,{\frac {di}{dt}}} {\displaystyle \displaystyle v(t)=L\,{\frac {di}{dt}}}.
A voltage is induced across an inductor (back EMF), that is equal to the product of the inductor's inductance and the rate of change of current through the inductor.

All circuits have, in practice, some inductance, which may have beneficial or detrimental effects. For a tuned circuit, inductance is used to provide a frequency-selective circuit. Practical inductors may be used to provide filtering, or energy storage, in a given network. The inductance per unit length of a transmission line is one of the properties that determines its characteristic impedance; balancing the inductance and capacitance of cables is important for distortion-free telegraphy and telephony. The inductance of long AC power transmission lines affects the power capacity of the line. Sensitive circuits, such as microphone and computer network cables, may utilize special cabling construction, limiting the inductive coupling between circuits.

The generalization to the case of K electrical circuits with currents, {im}, and voltages, {vm}, reads

{\displaystyle \displaystyle v_{m}=\sum \limits _{n=1}^{K}L_{m,n}\,{\frac {di_{n}}{dt}}.} {\displaystyle \displaystyle v_{m}=\sum \limits _{n=1}^{K}L_{m,n}\,{\frac {di_{n}}{dt}}.}
Here, inductance L is a symmetric matrix. The diagonal coefficients Lm,m are called coefficients of self-inductance, the off-diagonal elements are called coefficients of mutual inductance. The coefficients of inductance are constant, as long as no magnetizable material with nonlinear characteristics is involved. This is a direct consequence of the linearity of Maxwell's equations in the fields and the current density. The coefficients of inductance become functions of the currents in the nonlinear case.

Derivation from Faraday's law of inductance

The inductance equations above are a consequence of Maxwell's equations. There is a straightforward derivation in the important case of electrical circuits consisting of thin wires.

In a system of K wire loops, each with one or several wire turns, the flux linkage of loop m, λm, is given by

{\displaystyle \displaystyle \lambda _{m}=N_{m}\Phi _{m}=\sum \limits _{n=1}^{K}L_{m,n}i_{n}.} {\displaystyle \displaystyle \lambda _{m}=N_{m}\Phi _{m}=\sum \limits _{n=1}^{K}L_{m,n}i_{n}.}
Here Nm denotes the number of turns in loop m; Φm, the magnetic flux through loop m; and Lm,n are some constants. This equation follows from Ampere's law - magnetic fields and fluxes are linear functions of the currents. By Faraday's law of induction, we have

{\displaystyle \displaystyle v_{m}={\frac {d\lambda _{m}}{dt}}=N_{m}{\frac {d\Phi _{m}}{dt}}=\sum \limits _{n=1}^{K}L_{m,n}{\frac {di_{n}}{dt}},} {\displaystyle \displaystyle v_{m}={\frac {d\lambda _{m}}{dt}}=N_{m}{\frac {d\Phi _{m}}{dt}}=\sum \limits _{n=1}^{K}L_{m,n}{\frac {di_{n}}{dt}},}
where vm denotes the voltage induced in circuit m. This agrees with the definition of inductance above if the coefficients Lm,n are identified with the coefficients of inductance. Because the total currents Nnin contribute to Φm it also follows that Lm,n is proportional to the product of turns NmNn.

Inductance and magnetic field energy

Multiplying the equation for vm above with imdt and summing over m gives the energy transferred to the system in the time interval dt,

{\displaystyle \displaystyle \sum \limits _{m}^{K}i_{m}v_{m}dt=\sum \limits _{m,n=1}^{K}i_{m}L_{m,n}di_{n}{\overset {!}{=}}\sum \limits _{n=1}^{K}{\frac {\partial W\left(i\right)}{\partial i_{n}}}di_{n}.} {\displaystyle \displaystyle \sum \limits _{m}^{K}i_{m}v_{m}dt=\sum \limits _{m,n=1}^{K}i_{m}L_{m,n}di_{n}{\overset {!}{=}}\sum \limits _{n=1}^{K}{\frac {\partial W\left(i\right)}{\partial i_{n}}}di_{n}.}
This must agree with the change of the magnetic field energy, W, caused by the currents.[9] The integrability condition

{\displaystyle \displaystyle {\frac {\partial ^{2}W}{\partial i_{m}\partial i_{n}}}={\frac {\partial ^{2}W}{\partial i_{n}\partial i_{m}}}} {\displaystyle \displaystyle {\frac {\partial ^{2}W}{\partial i_{m}\partial i_{n}}}={\frac {\partial ^{2}W}{\partial i_{n}\partial i_{m}}}}
requires Lm,n = Ln,m. The inductance matrix, Lm,n, thus is symmetric. The integral of the energy transfer is the magnetic field energy as a function of the currents,

{\displaystyle \displaystyle W\left(i\right)={\frac {1}{2}}\sum \limits _{m,n=1}^{K}i_{m}L_{m,n}i_{n}.} {\displaystyle \displaystyle W\left(i\right)={\frac {1}{2}}\sum \limits _{m,n=1}^{K}i_{m}L_{m,n}i_{n}.}
This equation also is a direct consequence of the linearity of Maxwell's equations. It is helpful to associate changing electric currents with a build-up or decrease of magnetic field energy. The corresponding energy transfer requires or generates a voltage. A mechanical analogy in the K = 1 case with magnetic field energy (1/2)Li2 is a body with mass M, velocity u and kinetic energy (1/2)Mu2. The rate of change of velocity (current) multiplied with mass (inductance) requires or generates a force (an electrical voltage).

Coupled inductors and mutual inductance

Further information: Coupling (electronics)

The circuit diagram representation of mutually coupled inductors. The two vertical lines between the inductors indicate a solid core that the wires of the inductor are wrapped around. "n:m" shows the ratio between the number of windings of the left inductor to windings of the right inductor. This picture also shows the dot convention.
Mutual inductance occurs when the change in current in one inductor induces a voltage in another nearby inductor. It is important as the mechanism by which transformers work, but it can also cause unwanted coupling between conductors in a circuit.

The mutual inductance, M, is also a measure of the coupling between two inductors. The mutual inductance by circuit i on circuit j is given by the double integral Neumann formula, see calculation techniques

The mutual inductance also has the relationship:

{\displaystyle M_{21}=N_{1}N_{2}P_{21}\!} M_{21}=N_{1}N_{2}P_{21}\!
where

{\displaystyle M_{21}} M_{21} is the mutual inductance, and the subscript specifies the relationship of the voltage induced in coil 2 due to the current in coil 1.
N1 is the number of turns in coil 1,
N2 is the number of turns in coil 2,
P21 is the permeance of the space occupied by the flux.
Once the mutual inductance, M, is determined, it can be used to predict the behavior of a circuit:

{\displaystyle v_{1}=L_{1}{\frac {di_{1}}{dt}}-M{\frac {di_{2}}{dt}}} v_{1}=L_{1}{\frac {di_{1}}{dt}}-M{\frac {di_{2}}{dt}}
where

v1 is the voltage across the inductor of interest,
L1 is the inductance of the inductor of interest,
di1/dt is the derivative, with respect to time, of the current through the inductor of interest,
di2/dt is the derivative, with respect to time, of the current through the inductor that is coupled to the first inductor, and
M is the mutual inductance.
The minus sign arises because of the sense the current i2 has been defined in the diagram. With both currents defined going into the dots the sign of M will be positive (the equation would read with a plus sign instead).

Matrix representation

The circuit can be described by any of the two-port network parameter matrix representations. The most direct are the z parameters, which are given by

{\displaystyle [\mathbf {z} ]=s{\begin{bmatrix}L_{1}\ M\\M\ L_{2}\end{bmatrix}}} [\mathbf {z} ]=s{\begin{bmatrix}L_{1}\ M\\M\ L_{2}\end{bmatrix}}
where s is the complex frequency variable.

Coupling coefficient[edit]
The coupling coefficient is the ratio of the open-circuit actual voltage ratio to the ratio that would obtain if all the flux coupled from one circuit to the other. The coupling coefficient is related to mutual inductance and self inductances in the following way. From the two simultaneous equations expressed in the 2-port matrix the open-circuit voltage ratio is found to be:

{\displaystyle {V_{2} \over V_{1}}({\text{open circuit}})={M \over L_{1}}} {\displaystyle {V_{2} \over V_{1}}({\text{open circuit}})={M \over L_{1}}}
while the ratio if all the flux is coupled is the ratio of the turns, hence the ratio of the square root of the inductances

{\displaystyle {V_{2} \over V_{1}}({\text{max coupled}})={\sqrt {L_{2} \over L_{1}}}} {\displaystyle {V_{2} \over V_{1}}({\text{max coupled}})={\sqrt {L_{2} \over L_{1}}}}
thus,

{\displaystyle M=k{\sqrt {L_{1}L_{2}}}} {\displaystyle M=k{\sqrt {L_{1}L_{2}}}}
where

k is the coupling coefficient,
L1 is the inductance of the first coil, and
L2 is the inductance of the second coil.
The coupling coefficient is a convenient way to specify the relationship between a certain orientation of inductors with arbitrary inductance. Most authors define the range as 0 ≤ k < 1, but some define it as −1 < k < 1. Allowing negative values of k captures phase inversions of the coil connections and the direction of the windings.

Equivalent circuit


Equivalent circuit of mutually coupled inductors
Mutually coupled inductors can equivalently be represented by a T-circuit of inductors as shown. If the coupling is strong and the inductors are of unequal values then the series inductor on the step-down side may take on a negative value.

This can be analyzed as a two port network. With the output terminated with some arbitrary impedance, Z, the voltage gain, Av, is given by,

{\displaystyle A_{\mathrm {v} }={\frac {sMZ}{s^{2}L_{1}L_{2}-s^{2}M^{2}+sL_{1}Z}}} A_{\mathrm {v} }={\frac {sMZ}{s^{2}L_{1}L_{2}-s^{2}M^{2}+sL_{1}Z}}
For tightly coupled inductors where k = 1 this reduces to

{\displaystyle A_{\mathrm {v} }={\sqrt {L_{2} \over L_{1}}}} A_{\mathrm {v} }={\sqrt {L_{2} \over L_{1}}}
which is independent of the load impedance. If the inductors are wound on the same core and with the same geometry, then this expression is equal to the turns ratio of the two inductors because inductance is proportional to the square of turns ratio.

The input impedance of the network is given by,

{\displaystyle Z_{\mathrm {in} }={\frac {s^{2}L_{1}L_{2}-s^{2}M^{2}+sL_{1}Z}{sL_{2}+Z}}} Z_{\mathrm {in} }={\frac {s^{2}L_{1}L_{2}-s^{2}M^{2}+sL_{1}Z}{sL_{2}+Z}}
For k = 1 this reduces to

{\displaystyle Z_{\mathrm {in} }={\frac {sL_{1}Z}{sL_{2}+Z}}} Z_{\mathrm {in} }={\frac {sL_{1}Z}{sL_{2}+Z}}
Thus, the current gain, Ai is not independent of load unless the further condition

{\displaystyle |sL_{2}|\gg |Z|} |sL_{2}|\gg |Z|
is met, in which case,

{\displaystyle Z_{\mathrm {in} }\approx {L_{1} \over L_{2}}Z} Z_{\mathrm {in} }\approx {L_{1} \over L_{2}}Z
and

{\displaystyle A_{\mathrm {i} }\approx {\sqrt {L_{1} \over L_{2}}}={1 \over A_{\mathrm {v} }}} A_{\mathrm {i} }\approx {\sqrt {L_{1} \over L_{2}}}={1 \over A_{\mathrm {v} }}...Courtesy of wikipedia.....






Thursday 22 December 2016

Some informative lines about impedance?

Impedance in load flow studies?

  • Using admittance matrix over impedance matrix has many advantages. But if I have to summarize in one phrase it would be "Reduced Memory Requirement"
  • The thing you need to understand is the load flow studies are done for a large and widely interconnected power systems. It may contains hundreds, thousands and may be millions of power system components (e.g. International Grid) . It makes sense to use admittance matrix for such humongous power systems.
  • Now, How does it saves memory ?
  • Consider a 5 bus admittance matrix like this: 
  • Image Source: Electrical Power Systems, CL Wadhwa
  • Did you notice many elements are zero in the above matrix ?
  • Now imagine a power system with 1000s of buses. How many elements will be zero there ? Well that depends upon the interconnection of buses.
  • For example if bus no 1 is not connected to bus 100 , the element a[1][100] will be zero and so will be the element a[100][1]. 
  • You see the beauty of admittance matrix, we get another zero with every zero. So we have twice as number of zeros as non-interconnected buses.
  • And the thing is you needn't store zeros in the matrix thus saving a lot of memory.
  • Another thing is that Admittance matrix is symmetrical about leading diagonal as  mentioned above a[1][100]=a[100][1]. So all we need to do is just store the elements of upper diagonal and the elements below the diagonal can be copied from there.
  • So since the memory requirement is reduced. The time complexity of the program doing the load analysis will reduce , for a hypothetical example let's say from O(n^2) to O(n*logn). Program will be work better and faster giving the results in real time. These results will be further used in deciding the state of system (which demands fast and accurate results, that's why PMUs cable of DFT/FFTs are used), calculating instantaneous power,phase angles and voltage magnitudes.





impedance representation


Advantages 

  • Apart from above major advantage, I found following advantages which makes Load flow studies a cakewalk (at-least in theory ):
  • Matrix is really easy to form once you get hold of the algorithm.
  • With any type of changes in network,  the elements can be changed without actually changing the whole matrix.
  • For Medium/Long lines , the shunt elements can be easily added.
  • Zbus can simply be obtained once you have Y-bus matrix.

Electrical impedance

Scientists

Electrical impedance is the measure of the opposition that a circuit presents to a current when a voltage is applied.

In quantitative terms, it is the complex ratio of the voltage to the current in an alternating current (AC) circuit. Impedance extends the concept of resistance to AC circuits, and possesses both magnitude and phase, unlike resistance, which has only magnitude. When a circuit is driven with direct current (DC), there is no distinction between impedance and resistance; the latter can be thought of as impedance with zero phase angle.

It is necessary to introduce the concept of impedance in AC circuits because there are two additional impeding mechanisms to be taken into account besides the normal resistance of DC circuits: the induction of voltages in conductors self-induced by the magnetic fields of currents (inductance), and the electrostatic storage of charge induced by voltages between conductors (capacitance). The impedance caused by these two effects is collectively referred to as reactance and forms the imaginary part of complex impedance whereas resistance forms the real part.

The symbol for impedance is usually Z and it may be represented by writing its magnitude and phase in the form |Z|∠θ. However, cartesian complex number representation is often more powerful for circuit analysis purposes.

The term impedance was coined by Oliver Heaviside in July 1886. Arthur Kennelly was the first to represent impedance with complex numbers in 1893.

Impedance is defined as the frequency domain ratio of the voltage to the current. In other words, it is the voltage–current ratio for a single complex exponential at a particular frequency ω. In general, impedance will be a complex number, with the same units as resistance, for which the SI unit is the ohm (Ω). For a sinusoidal current or voltage input, the polar form of the complex impedance relates the amplitude and phase of the voltage and current. In particular:

The magnitude of the complex impedance is the ratio of the voltage amplitude to the current amplitude.
The phase of the complex impedance is the phase shift by which the current lags the voltage.
The reciprocal of impedance is admittance (i.e., admittance is the current-to-voltage ratio, and it conventionally carries units of siemens, formerly called mhos).

Measurement

The measurement of the impedance of devices and transmission lines is a practical problem in radio technology and other fields. Measurements of impedance may be carried out at one frequency, or the variation of device impedance over a range of frequencies may be of interest. The impedance may be measured or displayed directly in ohms, or other values related to impedance may be displayed; for example, in a radio antenna, the standing wave ratio or reflection coefficient may be more useful than the impedance alone. The measurement of impedance requires the measurement of the magnitude of voltage and current, and the phase difference between them. Impedance is often measured by "bridge" methods, similar to the direct-current Wheatstone bridge; a calibrated reference impedance is adjusted to balance off the effect of the impedance of the device under test. Impedance measurement in power electronic devices may require simultaneous measurement and provision of power to the operating device.

The impedance of a device can be calculated by complex division of the voltage and current. The impedance of the device can be calculated by applying a sinusoidal voltage to the device in series with a resistor, and measuring the voltage across the resistor and across the device. Performing this measurement by sweeping the frequencies of the applied signal provides the impedance phase and magnitude.

The use of an impulse response may be used in combination with the fast Fourier transform (FFT) to rapidly measure the electrical impedance of various electrical devices.

The LCR meter (Inductance (L), Capacitance (C), and Resistance (R)) is a device commonly used to measure the inductance, resistance and capacitance of a component; from these values, the impedance at any frequency can be calculated.

Variable impedance

In general, neither impedance nor admittance can be time varying as they are defined for complex exponentials for –∞ < t < +∞. If the complex exponential voltage–current ratio changes over time or amplitude, the circuit element cannot be described using the frequency domain. However, many systems (e.g., varicaps that are used in radio tuners) may exhibit non-linear or time-varying voltage–current ratios that appear to be linear time-invariant (LTI) for small signals over small observation windows; hence, they can be roughly described as having a time-varying impedance. That is, this description is an approximation; over large signal swings or observation windows, the voltage–current relationship is non-LTI and cannot be described by impedance.

See also

Bioelectrical impedance analysis
Characteristic impedance
Electrical characteristics of dynamic loudspeakers
High impedance
Immittance
Impedance bridging
Impedance cardiography
Impedance matching
Impedance microbiology
Negative impedance converter
Resistance distance
Impedance control
Courtesy of wikipedia....