Ajay Bam Essay Example | Topics and Well Written Essays - 500 words

Ajay Bam - Essay Example (MacGregor, 2001) He wanted an MBA so he enrolled at Babson. He had a vision to put-up Vayusa so he set out to find people who could help him and sources of funds for his venture. Amazingly, he was able to juggle setting up Vayusa while completing his MBA degree. Lastly, Ajay was enthusiastic about the business he wanted to set-up because he had personal experience of what it was like not to have Vayusa. He knew the convenience it was going to bring to both consumers and merchants. This enthusiasm was a key in acquiring the people and funding he needed. This resulted to his diligence and persistence in meeting people and following-up tasks. A rocket pitch is a 3-minute presentation, usually via 3 Powerpoint slides, of several entrepreneurs’ business plans to a large audience made up of, among others, investors and service providers. (BABSON, 2012) Ajay’s pitch was sound. Vayusa had more than what competitors individually offered. However, a potential investor would have a few concerns such as stability and long-term security against fraud. Indeed, Vayusa may offer more than the other loyalty programs and wireless payment companies. Nevertheless, combining both in a mobile application which is Vayusa is the first of its kind. There is no current measure if this kind of business will be successful. Moreover, in a world where computer hacking is very common, there is no existing proof that the Vayusa system is not â€Å"hackable†. In addition, there is the concern of probable mobile charges in the future for using the Vayusa application. If the business does become successful, consumers will be using their mobile phone services more. Still, given the benefits of Vayusa and the fact that it could be the first successful business of its kind, it would be a good investment. As of now, Ajay has a prototype and a team composed of himself, the driven leader, and experts from companies such as NYNEX, Citibank, GenRed

The Economic Effects of Immigration Essay Example | Topics and Well Written Essays - 2250 words

The Economic Effects of Immigration - Essay Example For example, LPRs may live and work permanently anywhere in the United States, own property, and attend public schools, colleges, and universities. They may also join certain branches of the Armed Forces, and apply to become U.S. citizens if they meet certain eligibility requirements (Monger & Rytina, 2009). It is due to the number of benefits associated with the idea of becoming legal permanent residents that in 2008, a total of 1,107,126 persons became LPRs of the United States (see Table 1 and Figure 1). The majority of new LPRs (58 percent) already lived in the United States when they were granted lawful permanent residence. Nearly 65 percent were granted permanent residence based on a family relationship with a U.S. citizen or legal permanent resident of the United States. The leading countries of birth of new LPRs were Mexico (17 percent), China (7 percent), and India (6 percent) (Monger & Rytina, 2009). This graph makes it pretty clear that LPR flow to America has always been moving up and down but a considerable number of people have already attained the status of LPR in this country, making it one of the most favorite countries for immigration. Following figures will also give you an idea about this particular fact. This table shows a 5% increase in the total number of immigrants from 2007 to 2008. But, it also shows a greater increase (8%) in the number of newly entered legal immigrant as compared to those with change of status (3%). This is a considerable amount of people coming to US and a further increase in these numbers is expected. Actually, people migrate to other countries because of a plethora of reasons. Generally though, people do so to raise their financial status and that's the reason why most people come to America from certain Asian and African countries. Since America and UK are the countries where people can find better job opportunities with enhanced security, they prefer leaving their homeland. But, there can also be some other motives for immigration. For instance, during 1890-1924, the reason for Jews immigrants to come to America was the religious freedom, Asians and Italians were in search of work and Russian wanted to escape persecution. But, it is a fact that the increase in number of immigrants has a great impact on the economies of these so-called "immigrant friendly" countries. Obviously, it is not easy for a country to accommodate and provide all essential facilities to millions of people who actually don't belong to that country. This essay is all about delving more into the details pert aining to the economic effects of immigration on all those countries. Economic Effects of Immigration: As mentioned, America has always been known as a nation of immigrants but it is true that the nation has faced various types of problems and negative impacts due to the increase in the number of immigrants coming from Europe, Asia and Latin America. Immigration can create some sort of an impact on different economical aspects but its impact on labour market is more crucial. The increase in the number of immigrant has power to influence the labour market but the impact can be different in different areas and states. It is so because these immigrants are not evenly distributed in all part of America. Hence a different kind of influence can be seen on local and regional labour markets. In 2003,