Describe the tradeoffs of business in a borderless world Assignment

Describe the tradeoffs of business in a borderless world - Assignment Example e need of social interaction, giving low consideration to the slow rate of revenue generation plus the fact that competition is getting far more serious. This situation is what we may call as an unsatisfactory compromise, a business tradeoff, as we may commonly call it. Cambridge International Dictionary of English explains â€Å"trade-off† as â€Å"a balancing of two opposing situations or qualities, both of which are desired. There is a trade-off between doing the job accurately and doing it quickly†¦A trade-off is also something that you do not really want but you accept, in order to have something else that you do want.† (Cambridge International Dictionary of English) In the world of business decision-making, tradeoffs are essential and vital. Applying the same to social networking sites, such as Twitter, tradeoffs play an important role in major business decisions wherein it calls for the need of monetizing its business and generative revenues without sacrific ing the infectious attraction and ease of its features of microblogging. A borderless world signifies a global integration of world economies. A network of partnerships, collaborative joint ventures, business relationships and alliances are formed giving rise to diffusion of new technology and a more open world economy. In a speech given by Everett M. Ehrlich, he envisioned a global marketplace – a borderless economy – wherein epochal information technologies have disintegrated our firms and led to a restructuring of the economic market. (Ehrlich, 2007) What once was an economic setup once barred with walls preventing the sharing of information and strategic solutions is now a solely integrated and symbiotic venture where an exchange of fast and accessible information through various open networks facilitate distribution and action leading to wise business decision-making. In other words, modern companies now demand the highest level of competitiveness in every activity, rather than introducing new

An Interstate Agency and the Greatest Harbor in the World Article

An Interstate Agency and the Greatest Harbor in the World - Article Example The last one the provision regulates the power of the agencies in exercising its administrative practices. The ten articles also outline how the constitution provision ended up in the constitution, when and how it has been used since its passage, especially in the 20th century (Jordan, 1999). The constitution provision, in this case, was written in 1787 and ratified the following year. Since then, the provision regulates the port’s administrative practices. The U.S. Constitution is a combination of ideas and views from a significant number of American people and related document such as the Declaration of Independence and Articles of Confederation (Peacock, 2008). Therefore, ratifying of the provision was done in a constitutional convention manner. Moreover, the main contributors to the existence of the U.S. Constitution are referred to as the Founding Fathers. These Founding Fathers include George Washington, James Madison, Thomas Jefferson, Thomas Paine, and John Adams. Most of them were involved in the constitutional ratifying process. For instance, American president George Washington was the one that presided over the process. Everyone one of them had the vision of a better governance and proper division of federal power. Therefore, the main reason that led to drafting the constitution was to regulate the power of the governing bodies on their administrative practices. Since the ratification of provisions in the constitution, in 1787, there had been twenty-seven amendments by 1992. Constitutional amendments are either influenced by anti-federalists who oppose some provisions or upon a review of a provision by the judicial committee (Evartt, 2003). Both groups engage in a debate until a common or general understanding is reached.