According to Marcus Asay How Entrepreneurship and Economic Development Works
In any country, Entrepreneurship plays a very vital and significant role in the economic development and growth. Both are positively and closely tied in a way that each of them complements the other like wisely. The idea about the relationship between entrepreneurship and economic development of any country has made out its way since former works of Schumpeter (1911). Having an extensive experience and innovative skills, entrepreneurs bestows growth for their firms, which in return assists in developing and modernizing economy of their countries. This thing really makes people to believe in the fact that a substantial increase in the number of entrepreneurs in a particular country entails a substantial increase in economic development. Schumpeter has depicted innovative activities and skills as the “carrying and channelization of new combinations”. Here follows his five combinations, as per Schumpeter, 1963 (1911), p.66):
Marcus Asay is a business leader with extensive experience. Marcus Asay is well versed in the intricacies of managing finance, labor relations, human resources, and general operations.
- The foundation and innovation of a new good that is not yet familiar with the consumers.
- The origination of a new method of yielding and production, that has not yet been tested by the manufacturing department concerned, and by no means would be ascertained on a scientific discovery channel.
- The initiation taken to open up a new market, in which the particular branch of the manufacturing of the country hasn’t priory acceded, nor does the market.
- The conquest or subjugation of a new source of provision of half manufactured items or raw materials, regardless of the fact whether this source has already existed or the first one to be produced.
- The carrying and acquitting of the new firm of any industry, such as the foundation of a monopoly position or breaking-off of a monopoly position.
Marcus Asay is a business leader with extensive experience. Marcus Asay is well versed in the intricacies of managing finance, labor relations, human resources, and general operations.
Marcus Asay : Effects of Appliances Industry in National Economic Development
Here follows the appliance industry’s key role in the national economical development:
Recently released national bureau statistics reports stated that “The main basic products of the industrial production, yield and the growth rate till June 2009 depicts, China’s total output of household refrigerators rose 9.2% up to 30,043,900 units, house hold washing machines up 4.1% up to 20,056,400 units, home freezers rose 9.6% up to 6,332,400 units, TV rose 1.3% up to 41,742,800 units and room air fell by 7.2%”. In nutshell, the consumption of household appliances market boosted the rapid recovery in the China’s house hold appliance industry and in future will encourage the electrical appliance enterprises to open up foreign arenas required to render strong protection.
Marcus Asay is a business leader with extensive experience. Marcus Asay is well versed in the intricacies of managing finance, labor relations, human resources, and general operations.
- Text/Ning Hao – According to the Comrade Hu Jintao, “The key to accelerate the transformation of economical development is to attain and accomplish the futuristic goals set for the development and growth and to improvise the socialistic market economic system”.
- Energy – Along with improvising the quality of the economy and international competitive system, deep understanding of a socialist market economy is must, which plays a vital role in the scientific development and formation of a macro control system.
- Sell – At present, home appliances have been the leading and prominent national consumer market products. In a market economy available with socialist characteristics and the environment, China’s home appliances industry after 10 years of development has gradually organized and constituted a complete industrial chain and related industry systems like household appliances, manufacturing of home appliances, other consumer industrial development of the appliances, all used for the encouragement of the economical, healthy and sustainable development. Home appliances sector has played a crucial and important role in providing a healthy and sustainable growth in the China’s economy.
Recently released national bureau statistics reports stated that “The main basic products of the industrial production, yield and the growth rate till June 2009 depicts, China’s total output of household refrigerators rose 9.2% up to 30,043,900 units, house hold washing machines up 4.1% up to 20,056,400 units, home freezers rose 9.6% up to 6,332,400 units, TV rose 1.3% up to 41,742,800 units and room air fell by 7.2%”. In nutshell, the consumption of household appliances market boosted the rapid recovery in the China’s house hold appliance industry and in future will encourage the electrical appliance enterprises to open up foreign arenas required to render strong protection.
Marcus Asay is a business leader with extensive experience. Marcus Asay is well versed in the intricacies of managing finance, labor relations, human resources, and general operations.
Marcus Asay named Director
DIRECTOR NAMED FOR ‘ONE STOP’ CENTER
By Tom Uribes
Marcus Asay has been named director of the Fresno County Workforce Investment Board’s new employment training one-stop project that was awarded to the University Health and Human Services Institute at Fresno State during the summer.
The project works with area public and private agencies to provide employment, training and business services in Fresno County through a one-stop system comprising of five sites: Kerman, Mendota, Reedley, Sanger, and Fresno.
Marcus Asay is temporarily working out of the Health and Human Services Institute, which is a program established by Fresno State to provide research and training services targeted at the health and welfare needs of the ethnically and socio-economically diverse populations living in Central California and the Southwest.
Marcus Asay has an MBA from American Graduate School of International Management, Thunderbird; and a Bachelor of Science in Business and Public Administration from California State University, Sacramento.
By Tom Uribes
Marcus Asay has been named director of the Fresno County Workforce Investment Board’s new employment training one-stop project that was awarded to the University Health and Human Services Institute at Fresno State during the summer.
The project works with area public and private agencies to provide employment, training and business services in Fresno County through a one-stop system comprising of five sites: Kerman, Mendota, Reedley, Sanger, and Fresno.
Marcus Asay is temporarily working out of the Health and Human Services Institute, which is a program established by Fresno State to provide research and training services targeted at the health and welfare needs of the ethnically and socio-economically diverse populations living in Central California and the Southwest.
Marcus Asay has an MBA from American Graduate School of International Management, Thunderbird; and a Bachelor of Science in Business and Public Administration from California State University, Sacramento.
Marcus Asay BIO
Mr. Marcus Asay began his impressive professional career as a dedicated undergrad student attending California State University, Sacramento, from which he earned his Bachelor of Science in Business and Public Administration. Marcus Asay went on to matriculate at Thunderbird, The American Graduate School of International Management, where he earned his Master of Business Administration in 1982.
Having come a long way since his academic career, Marcus Asay today serves as a Principal of Planning and Development for IE/Cal Design & Development Center. With over 20 years of professional business experience under his belt, Marcus Asay has developed a solid reputation as an efficient leader with savvy business skills. As Principal of Planning and Development, Marcus Asay is responsible for the management of projects, such as the firm’s newest design proposal for a National Museum of African American History and Culture in Washington, D.C. Under Marcus Asay’s keen management, IE/Cal Design & Development Center has completed a number of projects, including Kira Japanese Restaurant, the Fresno Falcons’ Ice Hockey Arena, and Trump National, Golf & Gardens.
Marcus Asay additionally serves as the Managing Director of Bakersfield’s ACS Association, a company dealing with agriculture contracting services. As Managing Director, a position he has held since 2005, Marcus Asay oversees the management of labor relations, human resources, operations, and finance.
In his spare time, Delano, California resident Marcus Asay enjoys studying economic development and giving back to the community. Marcus Asay currently volunteers as an Administrator for the Group Homes Certification Program and donates to organizations, such as Acere Homes, Inc. and Farmworkers Enterprise Foundation.
Marcus Asay - Economic Growth and Development, What it consists?
A social science that instructs us to make optimal usage of bare and scarce resources is known as Economics. The economic system embraced and acquired by several countries can be socialism, mixed economy and capitalism. Basically, each and every economic system has to aim and take 3 main economic considerations i.e. what to develop, how to develop and for whom to develop? Let’s start with socialism. In a socialist economy system, these three important economic decisions are brought up by state government, channelized by communities, public and social welfare. In a capitalist economy system, such essential economic decisions are conducted by private enterprises, led by profit motives. Along with this, the mixed economy system i.e. the combo of capitalism as well as socialism has the determined and focused goal to draw profits for both the economic systems and annihilate their failings. The success and growth of a capitalist economy system entirely depends on competition and contention between varied economic entities. In fact, in the absence of challenges and a spirit of competition, capitalist economy can turn non-competitive and head towards victimization of consumers.
Currently, we are experiencing and living in such a world economy system that is qualified by globalization, privatization and liberalization. There are few international economic establishments which are intended to make international trade clear and transparent, along with removing and carrying off tariff and non tariff obstacles in the international trade. In addition, certain international economical formations are aiding developed as well as less developed economies to enforce economic development and social welfare curriculum. The ultimate aim of such programmes is to wipe out poverty, hunger and illiteracy, encourage environmental friendly prolong and sustainable development, improvise standards of living, raise production and international trade, and addition in employment opportunities.
Though, after attempting extremely for such noble goals, it has been seen that developed economies are facing big problems due to inadequate distribution of wealth and income. The rise in price of basic commodities like goods, food items etc. have impacted their savings and decrease their living standards. So, try to raise the production of food grains, adopt advanced farming techniques and irrigation facilities, cut down black marketing, speculation, hoarding and adulteration. In short, it is extremely important for economic development to get equal importance as of economic growth.
Having come a long way since his academic career, Marcus Asay today serves as a Principal of Planning and Development for IE/Cal Design & Development Center. With over 20 years of professional business experience under his belt, Marcus Asay has developed a solid reputation as an efficient leader with savvy business skills. As Principal of Planning and Development, Marcus Asay is responsible for the management of projects, such as the firm’s newest design proposal for a National Museum of African American History and Culture in Washington, D.C. Under Marcus Asay’s keen management, IE/Cal Design & Development Center has completed a number of projects, including Kira Japanese Restaurant, the Fresno Falcons’ Ice Hockey Arena, and Trump National, Golf & Gardens.
Marcus Asay additionally serves as the Managing Director of Bakersfield’s ACS Association, a company dealing with agriculture contracting services. As Managing Director, a position he has held since 2005, Marcus Asay oversees the management of labor relations, human resources, operations, and finance.
In his spare time, Delano, California resident Marcus Asay enjoys studying economic development and giving back to the community. Marcus Asay currently volunteers as an Administrator for the Group Homes Certification Program and donates to organizations, such as Acere Homes, Inc. and Farmworkers Enterprise Foundation.
Marcus Asay - Economic Growth and Development, What it consists?
A social science that instructs us to make optimal usage of bare and scarce resources is known as Economics. The economic system embraced and acquired by several countries can be socialism, mixed economy and capitalism. Basically, each and every economic system has to aim and take 3 main economic considerations i.e. what to develop, how to develop and for whom to develop? Let’s start with socialism. In a socialist economy system, these three important economic decisions are brought up by state government, channelized by communities, public and social welfare. In a capitalist economy system, such essential economic decisions are conducted by private enterprises, led by profit motives. Along with this, the mixed economy system i.e. the combo of capitalism as well as socialism has the determined and focused goal to draw profits for both the economic systems and annihilate their failings. The success and growth of a capitalist economy system entirely depends on competition and contention between varied economic entities. In fact, in the absence of challenges and a spirit of competition, capitalist economy can turn non-competitive and head towards victimization of consumers.
Currently, we are experiencing and living in such a world economy system that is qualified by globalization, privatization and liberalization. There are few international economic establishments which are intended to make international trade clear and transparent, along with removing and carrying off tariff and non tariff obstacles in the international trade. In addition, certain international economical formations are aiding developed as well as less developed economies to enforce economic development and social welfare curriculum. The ultimate aim of such programmes is to wipe out poverty, hunger and illiteracy, encourage environmental friendly prolong and sustainable development, improvise standards of living, raise production and international trade, and addition in employment opportunities.
Though, after attempting extremely for such noble goals, it has been seen that developed economies are facing big problems due to inadequate distribution of wealth and income. The rise in price of basic commodities like goods, food items etc. have impacted their savings and decrease their living standards. So, try to raise the production of food grains, adopt advanced farming techniques and irrigation facilities, cut down black marketing, speculation, hoarding and adulteration. In short, it is extremely important for economic development to get equal importance as of economic growth.
