Five Forces Analysis: Leisure, Tourism and Hospitality Industry

Five Forces Analysis: Leisure, Tourism and Hospitality Industry The tourism, Leisure and Hospitality industry is defined, not in terms of the production of special types of goods and services, but in terms of the circumstances at which goods and services are consumed. Hence, the sale of a particular good or service to a tourist is tourist expenditure. As a result of this difference in concept, this industry overlaps the usual classification of the industries defined according to the goods or services they produce (Luck Lancaster, 2003) This research paper analyzes the tourism, Leisure and Hospitality industry basing on the economic analysis tools by Porter, Porter (1980) proposed that firms benefit from the understanding of the forces which drive competition and the profitability in their industry, and he specifies that all firms should explicitly formulate a kind of competitor strategy. (Matthews, 2000) in order to understand the competition, a very competitive analysis should be undertaken. The Porters model is also referred to as the five forces competitive analysis. Generally the tourism, Leisure and Hospitality industry has a unique business environment which affects all the competitors. According to Porter, five macro factors that influence the industry can be identified in relation to competition; (1) The bargaining power of the customers (buyers). This force shows the strength in the bargaining position, particularly the price, which the buyers have over their suppliers. (2) The bargaining power of the suppliers. The Suppliers, including the employees, influences the attractiveness and the profitability of the sector by increasing the prices (or the wages) thereby increasing the industrial costs and reducing the profit margins. Powerful suppliers are the organizations which control the supply of goods and services to the Tourism, Leisure and Hospitality industry. (3) The threat from the new entrants. The threat from the new entrants is dependent upon the barriers to entry into the industry. This is based on the ability to generate the econom ies of scale and experience, the opportunities for the product differentiation, the amount of capital which is required to buy into the industry, and access the distribution channels. In the tourism, Leisure and Hospitality, there are low barriers to the entry in most sectors. (4) The threat of the substitutes. The Substitute industries which provide the competing product with offers that perform the same function. The Continual advancement in the technology keeps on changing the potential threat from the substitute products. For instance, the rapid development of the video-conferencing is a substitute product for the hotel meetings. Introduction The Tourism, Leisure and Hospitality industry is an identifiable and nationally important industry. This industry involves a wide cross section of the component activities which includes the provision of the transportation, accommodation, recreation, food, and the related services .Tourism refers to the provision of the transportation, accommodation, recreation, food, and the related services both for the domestic and the overseas travelers. It involves travelling for all purposes, including recreational and business. Hospitality and tourism are certainly two of the most widely used words in the fields of hotels, restaurants, travel, and related areas. Leisure is a sector that is growing rapidly, with the regular shows and events hosted regularly. Leisure is recognized as the essential factor which contributes to the demand for the tourism and recreation.( Kotler, Keller, 2006). Leisure is an important factor which contributes to supply. It is therefore the anticipation of leisure which is the operational demand factor, whereas the use of leisure is a factor of supply. The Leisure time is the fundamental resource that is input and consumed in the tourism, Leisure and Hospitality industry. The leisure/entertainment events have created employment for thousands of people in a diverse range of roles. This is a multidimensional sector which provides a variety of services in the areas that include the corporate events such as the product launches, press conferences, corporate meetings and the conferences, the marketing programs; road shows and the grand opening events i.e special corporate hospitality events like the concerts, award cere monies, film premieres, launch/release parties, the fashion shows, commercial events, private events such as the weddings and other parties. The industry also includes fields such as the exhibitions, conferences and the seminars as well as the live music and the sporting events. This research paper analyzes and links the tourism, leisure and Hospitality industry through the provision of the creative, technical and the logistical insights. Methodology This research employed a web based survey in gathering data on the industrial analysis. I analyzed several theories that act as the strategic tools for analysis. The instrument was divided into two parts; The Descriptive Analysis, which describes the tourism, Leisure and Hospitality industrial analysis basing on Porters model of analysis. The Critical Analysis, which assesses the extent to which various factors identified by Porter influence the Tourism, Leisure and Hospitality industry. The contexts for the study were based on the distinctive nature of the Tourism, Leisure and Hospitality industry. Information was collected in the process of evaluation of the influences of the fundamental factors that determine the profitability: Industry structure, that determines the profitability of the average competitor and sustainable competitive advantage that allows a firm to outperform the average competitor (Porter, 1979). Analysis of selected industry This paper examines the five forces which impact competitiveness within and thus the profitability of a competitor in the Tourism, Leisure and the Hospitality industry. From the guidance provided in the Five Factor Model recommendations are made to enhance and refine this industry. Porters Five Factor Model The five forces that impact on the competitiveness which are outlined in the Porters 1980 work are: the barriers to entry, threat of substitutes, the bargaining power of the buyers and sellers, and the rivalry among existing competitors. In considering these factors in light of the Tourism, Leisure and Hospitality industry, the theory provides the best means for analysis. According to Porter each of the above factors has a difference in relevance or impacts differently on the businesses so they are presented below in order of impact. Porter (1980) indicated that the most important determinant of a marketplaces profit potential is the intrinsic power of the buyers and the sellers. Threat of Substitute Goods In the Tourism, Leisure and Hospitality industry there is usually higher chances to start a new business and progress successfully. The firms appear in all price ranges, with variations in the levels of service and the amenities. The constant challenge will always be to get the customers to choose your services over the competitor. With the technological advancements the internet makes the overall market to be more efficient while expanding the size of the potential market and creating the new substitution threats. Given the potency of this industry a superb strategic plan is vital. The threat is that another firm chain may erode the customer base with a newly formulated internet approach or the marketing campaign. According to Porter the development of a value chain process analysis, supported by the collaborative event management, the structuring and sharing of the customer focused value chain data, powerfully enhances the performance of the value chains and of the electronic commerce. Bargaining Power of Buyers Business persons choosing a firm for business in the Tourism, Leisure and Hospitality industry are the savvy consumers and they are at par with the changes in the ability of their consumers. It has become very simple for the consumers to go online and survey on the best firm that offers great services. They no longer need the assistance from the travel agents, the corporate travel consultants or the middle men of any kind to determine where they will get their services. Porters model predicts the ability of the buyers bargaining power to elimination the intermediaries. The Tourists who are the major consumers in the Tourism, Leisure and Hospitality industry are more and more capable of making use of the technological advancements in the means of communication such as the internet to increase their bargaining power thereby creating the fulfillment of Porters model. Due to the increased bargaining power of the consumers, they are finding internet businesses websites which will negotiate or discover the bargains for them. These processes shifts the bargaining power to the end user as it had been predicted by the Porter model and these buyer freedom reduces the cost of switching so that the loyalty to a single firm is a thing of the past unless the particular firm uses its one time opportunity when the customer sticks to the firm it deeply impress other customers with a very unique and valuable differentiator. The Rivalry among existing competitors The rivalry amongst the competitors in the Tourism, Leisure and Hospitality industry is fierce. When the potential customers learn about a hotel on line, the internet reduces the differences amongst the competitors. Business people tend to seek the best prices for the best experience and the tendency is to reduce the prices to a competitive level. This industry covers wide area so the market is widened which increases the number of the competitors. For example, someone who wants to spend the day in the historic site can easily choose a tourist firm in the nearby town if the amenities or the prices are low. The Variable and fixed costs can be different in the areas which are more expensive to live. Barriers to Entry The initial investments in the Tourism, Leisure and Hospitality industry creates quite a barrier to the entry but certain barriers to entering the tourism market are reduced by the internet. The presence on many efficient communication channels reduces the upstart marketing costs somewhat, and gives the new competitors the access to the potential suppliers and the resources. Even a starter in the industry can use the channels of large chains to understand the key marketing concepts and the lures for the customers. A vital barrier is the differentiation. A firm that can successfully differential itself by the location, service, amenities or other quality has the greatest potential to attract and keep the clients. Another barrier to entry into business in the Tourism, Leisure and Hospitality industry would be the expertise. Unfortunately, in a mobile society employees can leave one firm chain to work in another and they take that expertise in terms of the training given or the experience with them. It is in the areas of expertise and of differentiation that a firm can make the greatest impacts on its clients and thereby on the bottom line. Many established tourism, leisure and Hospitality companies have the synergies between their established business and business channels. Bargaining power of the suppliers This is not a substantial threat in the Tourism, Leisure and Hospitality industry it can have the impacts especially in the area of the suppliers. The employees to the firms are the major suppliers, the bargaining power of the labor supply is higher when there are fewer people to fill service section of the industry, and the firms can attract excellent staff and create a chance for providing excellent and exceptional experiences to their clientele. As part of their strategy all the firm chains should have section employee recruitment. The other supplies that are needed by hotels are also easier to attain through internet channels whether originated by the supplier or by the hotel chain. With their products in the greater demand by greater numbers of the firms the suppliers gain more measure of power by competition for their offerings. Findings about the industry All of the firms in the Tourism, Leisure and Hospitality industry can benefit from Porters model of analysis because of the applications that produce greater value in the value chain, the industry is dominated by a few large companies. They have the greatest market shares and in most cases they influence the structure and shaping of the industry. The firms planning sector can benefit from analysis. They usually aim at making the profit and are usually commercial companies. When they fail to make a profit over a long period of time they are likely to cease trading. These include the parks, restaurants, tour operators and the travel agents. The Human resources can be managed by the analysis as part of the overall strategy as well as the provision for self service personnel and benefits, Value can be increased by standardizing the firms across multiple locations, forming knowledge directories, and allowing real time access to the resources by the consumers. , every firm could benefit by controlling and forecasting systems with suppliers as explained by Porter. These improvements can also lead to greater profitability (Porter, 1980) Each type of firm needs to identify its unique strengths and the target market and align its strategy to support their identity, the firms chains choose to be low cost, or to command the premium price. Distinguishing a firm from the competition becomes vital. This can easily be enhanced by porters model, through the superior inputs, through better training of the staff as part of the supplier or through the better management. Differentiation adds value which makes it hard to maintain the distinctive strategic positions of a firm because it eases change to best practices and it improves the operational effectiveness. These distinctions make the business more profitable. The firms in the Tourism, Leisure and Hospitality industry are fragmented. Therefore there is need for a strategy which makes it easier for consumers from far and wider areas to learn about the firms or to order for the services, the consumers must still access the services. It more likely for the profitability to be there for when process is easy to transact and complete. Porter points out similar examples within the industries. Dealing directly is great for the firms. Other than travel agencies who arranged hotel stays the tourism business has always been a face to face business and this normally sustains the economic value of the transactions. For all of the firms chains the porters model complements rather than cannibalizing the established ways of doing business. Hence it becomes a link in the value chain. Conclusion Whether a firm or its chain is well established or brand new, the underlying forces of competition will include: the threat of substitution, bargaining power of the buyers, the intensity of rivalry among competitors, the barriers to entry for new competitors, and the bargaining power of the suppliers helps to determine the profitability shapes its internet presence. When combined, these factors determine the economic value and even the survival. The porters model of industrial analysis provides the opportunities for the companies to communicate and establish the unique or distinctive positions for the businesses. In the case of tourism firms this is crucial. The Porters five factor model helps to understand the rise of new ideas and the business firms in the context of the bargaining power of the Buyers. It helps in the understanding of what factors drives the businesses to differentiate themselves. It also helps in explaining why the labor may have greater bargaining power in the firms under the tourism industry; Porters concept of the Bargaining power of Suppliers determines the strength of the industry. In reviewing the strategies of firm chains, differentiation is the key component. Some firms have chosen to differentiate by location and by very luxurious experience. Others have differentiated themselves by standardization means and by the price. The firms strategies must align with their business strategy in order to produce the desired profitability; Porters model leads the way of outlining the issues and the dangers which are inherent in each force. In this paper, the recommendations for successful industrial analysis are made based on Porters model and the implementation of its suggestions could ensure a greater or continued profitability at the time planning and the structuring. This includes not only the customer interaction but also the applications in a variety of areas such as supply chain, the financial and Human Resources to increase the value chain. For the final analysis, however, Porter makes it clear that the model can add value when it is used in conjunction with other good business strategies. Should Schools Have a Uniform Policy? Should Schools Have a Uniform Policy? Aj Romero Mr.Dewalt Should school dress codes be enforced in public and private schools? Personally, I believe they shouldnt be allowed. Telling students what and what not to wear takes away our right to self expression, freedom to follow our free will, and our freedom of choices. We all have a right to express individuality and show our true selves. There shouldnt be a rule that takes away personal style. Its the people that decide what to wear as a show of personality and style, not the school. Having a school uniform to reduce problems of violating the school dress code, reduces our individual right to liberty and self expression. If it were up to me, I would stand up in front of the school board or maybe even try to organize a student strike against it. Liberty, the act of   following ones own free will; freedom of choices, and self determination. The people have the right to choose what we want to wear to school, and we automatically show our personality whether other people like it or not. Also, school uniforms can be very expensive, limit the students choices (procon.org) . A lot of school uniforms are uncomfortable to most students and rather than reducing bullying, they can cause more bullying. In 1999, a study conducted by experts showed an increase in bullying incidents by as much as 12% after the implementation of uniform wearing. (listland.com). Domestic tranquility; having peace in the U.S., harmony among people and states. There are many people in the world who have a common interest in different styles and brands. When people share common interests, they become closer friends. They stand out together. When school uniforms are enforced, those close relationships fade and the teen community is bland. These uniforms can also affect ones self image. Students who are not required to wear uniforms demonstrated high self-perception scores. That means those students have a better view of self image compared to those who wear a school uniform (listland.com). Many schools use school uniforms as discipline to control behavior and promote conventional gendered dress. The general welfare, the well being of the people; basic needs met; health and prosperity, security; comfort and happiness. The students of America should at least feel comfortable in what they wear to school, and should be happy to wear what they want. If you were to ask a student who wears a school uniform, they will most likely tell you they are boring not just because of their colors, but also for the patterns, often in plaid or checkered. (listland.com). There is not a single child that actually enjoys wearing the same uniform day after day to school. For one, they are very uncomfortable; two, they are boring, and three; they are just disliked in general. Although school uniforms are very much disliked, they do show respect, a sense of belonging to a school, and also shows were all in this together (listland.com). The biggest thing a child, teen, and anybody needs to learn, is the ability to have and show respect to one another. A uniform shows a sense of pride and belonging to a school. When other people see the kids wearing them, they envision unity. If you asked an adult instead of a child, they may tell you they are indeed for school uniforms because they show unity and pride. Another thing about the uniforms, they keep students focused on education rather than clothing (thegaurdian.com) If it were up to me, I would do anything I could to organize a school strike against the application of school uniforms. I would also stand in front of the school board and state my opinion on why they shouldnt be used. There is only so much a single person can do to stop something but if a group of students did something, the effect would be momentous School uniforms show conformity rather than individuality. The uniform itself will potentially cost more than your traditional clothing. Even if school uniforms were enforced, the students should have a choice in what the uniform looks like. We as Americans and U.S citizens have a right to expression and that right is taken from us with the use of said uniforms. Forcing students to wear something they dont want to causes discomfort, and can be detrimental to adult development. Growing up is more important than being in discomfort. Works Cited 1. Learningin21. Learningin21. N.p., n.d. Web. 02 Oct. 2016. 2. @ListLand. Top 10 Reasons School Uniforms Should Be Banned. Top 10 Lists ListLandcom. N.p., 2016. Web. 02 Oct. 2016. 3. Should Students Have to Wear School Uniforms? School Uniforms ProCon.org. ProConorg Headlines. N.p., n.d. Web. 02 Oct. 2016. 4. Whats the Point of School Uniforms? The Guardian. Guardian News and Media, n.d. Web. 02 Oct. 2016.

Information systems technology Essay

Abstract This paper discusses the scope of Information systems technology. Information Systems Technology can be defined as the use of electronic programs and machines and for storage, processing, presentation and transfer of information. Information Systems Technology also includes technologies of speech processing, speech recognition, speaker recognition (identification, verification, and authentication), word spotting, language and dialect identification, speech coding, and speech and audio signal enhancement. It is also inclusive of Machine learning, Information Assurance, detecting and interpreting attacks against large-scale network infrastructures, securing cyberspace, and evaluating the usage of various tools various environments. For Information Systems Technology to be adequate, static and dynamic analysis of software should be performed regularly, to uncover any vulnerabilities, correlate and prioritize alerts from network security devices, analyze attacks and potential propagation vectors against computer networks, and develop practical solutions of cryptographic protocols and approaches. Introduction It has been said that Survival is a matter of instinct which requires insight to succeed. Information technology is an absolute necessity for any individual or organization that wants to survive in this ever changing world. Information systems technology can be defined as the use of electronic machines and programs for the processing, storage, transfer and presentation of information. When the emphasis was on processing the terms electronic data processing EDP was common in earlier days. All aspect of human life is permeated by information technology; it is no longer confined to high number- crunching machines housed in air- conditioned computer halls. As evident to all, communication technology is today an important part of it. Devices such as the photocopying machine, telephone and the telefax and not only computers and their software should be included in our definition of information technology. Nowadays the use of information technology is no longer confined to huge number-crunching machines housed in air-conditioned computer halls but permeates all aspects of everyday life. Communications technology is today an important part of IT. Not only computers and their software, but also devices such as the telephone, the photocopying machine and the telefax should thus be included in our definition of information technology. Many of the functions of these devices are in fact increasingly integrated. With the latest generation of laptops computers, and is already possible to send and receive faxes and emails. Recently, many mobile phones which incorporate small microcomputers have started to appear on the market much more. (Bo-Christer Bjork 1999) Overview. Information technology and the systems that process it are among the most valuable assets of any organization. Fundamental management responsibility is adequate security of these assets. Each agency must implement and maintain a program to adequately secure its information and system assets, something that is consistent with office of Management and Budget (OMB). There is also increased integration in many functions of these devices Consistent with Office of Management and Budget (OMB) policy, each agency must implement and maintain a program to adequately secure its information. Agency programs must: 1) assure that systems and applications operate effectively and provide appropriate confidentiality, integrity, and availability; and 2) protect information commensurate with the level of risk and magnitude of harm resulting from loss, misuse, unauthorized access, or modification. Description of Framework The Framework approach begins with the premise that all agency assets must meet the minimum security requirements of the Office of Management and Budget Circular. The criteria that are outlined in the Framework and provided in detail in the questionnaire are abstracted directly from long-standing requirements found in statute, policy, and guidance on security and privacy. It should be noted that an agency might have additional laws, regulations, or policies that establish specific requirements for confidentiality, integrity, or availability. Each agency should decide if additional security controls should be added to the questionnaire and, if so, customize the questionnaire appropriately. (Federal Information Technology Security Assessment Framework 2000). References Bo-Christer Bjork (1999) Information technology in construction: domain definition and research issues. International Journal of Computer Integrated Design and Construction, SETO, London. Volume 1, Issue 1, pp. 1-16 Federal Information Technology Security Assessment Framework (2000) Prepared for Security, Privacy, and Critical Infrastructure Committee by National Institute of Standards and Technology (NIST) Computer Security Division November 28, 2000 The NIST Self-assessment Questionnaire will be issued in 2001 as a NIST Special Publication. Swanson, M (2001) Security Self-Assessment Guide for Information Technology Systems.

God and Man Benedict Spinoza

Since the alienation is made without reservation, the union is as perfect as possible, and no associate has anything further to demand; When the social compact is violated each person then regains his first rights and resumes his natural liberty while losing the conventional liberty for which he renounced it; Albert Camus (The Myth of Sisyphus) The gods had condemned Sisyphus to ceaselessly rolling a rock to the top of a mountain whence the stone would fall back of its own weight; If one believes Homer, Sisyphus was wisest and most prudent of mortals and according to another tradition, however, ne was disposed to practice the protession ot highwayman; Opinions d as to the reasons why he became the futile laborer of the underworld; To begin with, he is accused of certain levity in regard to the Gods; Homer tells us that Sisyphus had put Death in chains He dispatched the god of war, who liberated Death from the hands of her conqueror;He wanted to test his wife's love so he ordered her to cast his unburied body into the middle of the public square; He is much through to his passions as through his torture; His scorn of the Gods, his hatred of death and his passion for life won him that unspeakable penalty in which the whole being is exerted toward accomplishing nothing; Myths are made for the imagination to breathe life into them; If this myth is tragic, that is because its hero is conscious; But it is tragic only at the rare moments when it becomes conscious. Sisyphus, proletarian of the gods; powerless and rebellious, knows the whole extent of his wretched condition; He too concludes that all is well. This universe henceforth without a master seems to him neither sterile nor futile; The struggle itself toward the heights is enough to fill a man's heart; Simone de Beauvoir (The Second Sex) Those who are condemned to stagnation are often pronounced happy on the pretext that happiness consists in being at rest.This notion that we reject, for our perspective is that of existentialist ethics; Present existence can only be Justified by ts expansion towards an indefinitely open future; Every time transcendence falls back into immanence, existence is degraded into an en soi(in itself), and freedom into facticity; Every individual concerned to Justify his or her existence experiences it as an undefined urge to transcend himself or herself; Woman is a free and autonomous being like all human nevertheless finds herself and chooses herself within a world where men compel her to assume the status of the Other; Biologically – The more separate the female individual, the more imperiously does continuity of life assert tself against her separateness. Historically is when sub-species of humans are brought together each aspires to impose its sovereignty upon the other. If both are able to resist this imposition there is created between them a reciprocal relation sometimes in enmity, sometimes in amity but always in a state of tension. Ontologically i s when man never thinks â€Å"self† without thinking â€Å"other†; he views the world wider the sign of duality, a polarity which is not at first sexual in character.Miguel de Unamuno The man of flesh and bone; the man who is born, suffers, and dies; the man who eats nd drinks and plays and sleeps and thinks and wills; the man who is seen and heard; the brother, the real brother; He is the legendary featherless biped, the social contractor for Rousseau, the homo economicus of the Manchester school, The home sapiens of Linnaeus, or, if you like, the vertical mammal; This concrete man, this man of flesh and bone, is at once the subject and the supreme object of philosophy, whether certain self-styled philosophers like it or not; Philosophy answers to our need of forming a complete and unitary conception of the world and of life, and as a esult of this conception, a feeling which gives birth to an inward attitude and even to outward action; The philosophy of this man Kant , a man of heart and head that is to say, a man there is a significant somersault, as Kierkegaard, another man would have said, the somersault ot the Critique ot Pure reason to the Critique ot Practical reason; This transition of Kant exists already in embryo in the Lutheran notion of faith; The first God, the rational God, is the projection to the outward infinite of man as he is by definition, that is to say, of the abstract man, of the man no-man; The other God, theGod of feeling and volition, is the projection to the inward infinite of man as he is by life, of the concrete man, the man flesh and bone; Whosoever reads the Critique of Practical Reason carefully and without blinkers will see that, in strict fact, the existence of God is therein deduced from the immortality of the soul, and not the immortality of the soul from the existence of God; All the rest is the Jugglery of the professional of philosophy

Business Essays - Business Plan Education - Free Essay Example

Sample details Pages: 4 Words: 1335 Downloads: 9 Date added: 2017/06/26 Category Business Essay Type Analytical essay Level High school Did you like this example? Business Plan Education Literature Review for Integrative Project Abstract Starting a business can be difficult. However, with the right knowledge and help, a successful business can start and operate indefinitely. This literature review will discuss have to prepare a successful business plan, solicit grant funding and start a non-profit minority organization that reflects teaching character education along with academics to help build good character and social responsibility for some disadvantaged children. Don’t waste time! Our writers will create an original "Business Essays Business Plan Education" essay for you Create order Introduction Every day and everywhere there are different cultures. This is not going to change. A lot of times when we use the word culture people think we are speaking only about color or race. However, culture includes race, class, gender, groups and a number of other things. So even if we are not dealing with race, we may have to deal with a gender or a particular class of people; and camp goers are definitely a different class of kids. As children experience things in their young lives they develop different outlooks on the world and flock to certain groups and classes. However, if children have a variety of experiences with a variety of resources they become versatile and can be comfortable in any group or class. (Riehl, 1993). Certain philosophies should be used when teaching students about culture and bias so that they are able to see or hear through the media and other forms of uncontrolled avenues and continue to have little or no self-esteem issues. GLAMrsqu o;R Housersquo;s business plan depicts the educational need of cultural, academics, morality and social responsibility in minorities, which certainly include most ethnic groups. Its claim is to educate these groups in social development and other areas that will affect them in the future. During my research there were other camps that catered to minorities along with academics and other activities. However, the one that stuck out in my mind was Camp Atwater. This camp has been in existence since 1921. The camp offers a residential camp experience within an Afro centric framework. Their said goal of this camp is to create an experience that will assist in the development of positive values in youth (https://www.campatwater.org/). Even though some people believe that camps are just for fun or, are just a summer divergent for children whose parents can afford to send them away; it is not! Nonetheless, camps help children identify themselves. Theme One: The Business Plan In order to start a new business, you must have a plan. There are government agencies that will assist new minority business owners who have a concrete plan to start a perspective business. Some of government agencies only focus on new entrepreneurs as they help them promote growth and competition publicly and privately while others focus on established progressive businesses (https://nvn-toolkit.seedco.org/). The Minority Business Development Agency and the Small Business Association is a couple of the government agencies who help potential business owners with funds and other information that they may need in order to create a competent business plan. These agencies can explain the importance of maintaining a successful plan which keeps new business owners abreast of their competition, products in demand, statistics that affect particular businesses and target market (www.mbda.gov). Agencies like these have websites available to assist in offering information that promotes inve stigative techniques necessary for preparation of a business plans. Once a good business plan is prepared, if the potential entrepreneur does not have all the funds, a grant is the next reasonable resource. (https://www.sba.gov/smallbusinessplanner/plan/writeabusinessplan). Depending on what type of business you want to launch, depends on the type of grant you seek. Since opening a residential summer camp is the business that is being sought, relevant grants could be located in the educational programs funding arena (https://exchanges.state.gov/education/RFGPs/menu.htm). Because most first time entrepreneurs are not familiar with seeking information on grant funding, nor are they familiar with insider help, there are books and software programs that can be purchased that explains essential rules, obstacles, and opportunities that entrepreneurs face early in their business life cycle (Kanu, June 2008). In addition, some websites get you caught up in purchasing fraudulent materi als and software programs that claim to help find grant funding, when all they do is sell software and make you commit to memberships with a monthly fees of about $19.99 which does not help you in the way that you need (*****************) However, you have to make sure that each websites that you research is valid and legitimate. Make sure when you do research, these websites lay out a complete description of exactly what they do; who qualifies for funds, and the description on how to use the grant. Theme Two: Grant Funding Once you have completed a business plan and determined that you will need funding to launch your business. There are numerous steps required to request grant money that must be followed precisely; such as letters of intent, applications, certain research information, demographic information, and need and demand summaries (https://grants.nih.gov/grants/guide). Since GLAMrsquo;R Housersquo;s business plan requires the purchase of a facility the Federal Register of the Department of Housing and Urban Development is a good source to use in finding an affordable facility. Meeting compliances with HUD is very strict. Applications are only done electronically; they are examined with a fine-tooth comb and if any of the required steps are not met, this agency may reject the application until the discrepancies are corrected (Fed. Reg. 2008). Along with the request for particular grants there are certain formatting requirements that must be followed to get the grant reviewed and approved. If the formatting of these sensitive documents is prepared improperly, your grant may not be denied. GLAMrsquo;R House is described as unique in its character whereby it is claiming to offer tuition assistance for disadvantaged, low income minority youths which will help them develop in comprehensive activities, high academics, self-discipline, critical thinking, transformative learning, self-motivation, socially, morally and ethical in their founda tion for their future. Statistical views regarding the number of students who attend summer camps, summer activities, day camps, summer schools, etcetera, are documented in the chart below. Summer Camp Percentages Length of the average summer vacation in U.S. schools 9-11 weeks Length of the average American vacation for working adults (in 1999) 3-8 days Percentage of six-to-twelve-year-old children who regularly spend time in summer programs 24% Percentage of children who are in summer school 6% Proportion of children who are regularly in the care of relatives during the summer 1/3 Percentage of children who are regularly in family childcare during the summer 6% Percentage of children who are regularly in the care of a nanny or baby-sitter during the summer 8% Percentage of children under 13 who are regularly without adult supervision during the summer: 11% Percentage of higher-income children who are regularly without adult supervision during the summer: 15% Number of day and resident summer camps in the U.S.: 12,000 Costs for Day camps $100 $275 Percentage of summer camps that are sleep-away camps 60% Average weekly fee for sleep away camps $325-$780 Number of children that attend camp each year 6 million Average fees for children attending day camps $100 $275 Percentage of camps that offer financial assistance to children in need: 90% Percentage of children who visit a library at some point during their summer after kindergarten/a 64.8% A state national park: 55.1% A museum 38.9% A zoo, an aquarium or a petting farm 61.2% A historical site 39.9% A vacation spot 75.2% After reviewing this chart on https://www.babble.com/sectionhomepages/features/, website it clearly does not give a report on the type of impact summer activities and camps have on children throughout their lifetime; nor does it confirm if these kids viewed themselves in another way after summer vacations, etc. The chart does not determine whether these kids are upper, middle or lower class, disadvantaged or even if the any of these summer experiences changed their lives tremendously.