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Fortune 500 Company Analysis
In a capitalistic society such as America, business is very important in regards to the countries overall prosperity. Business is the driver of innovation, employment, cash inflows and a higher quality of life for all stakeholders involved. In this coming election year, employment and business is of particular interest to both political parties. Both parties realize the importance of business in regards to the growth of America. Both large and small businesses will be critical to this growth. The opportunities that are presented to both these segments will be important as the country continues to innovate and grow.
To begin, what is considered, "small" in regards to business? The Small Business Administration has established two widely used size standards which include 500 employees for most manufacturing and mining industries and $7.0 million in average annual receipts for most nonmanufacturing industries. However, many exceptions exist. Below are just a few listed on the SBA website which includes: 100 employees for all wholesale trade industries, $31 million in receipts for heavy construction industries, and $13 million in receipts for all special trade contractors?
A very important aspect of small business is its employment figures. 50.6% of all employees in America are employed at a small business. These businesses typically have 500 or less employees. As such, small business is very important to the American...
Many small business preference programs have been enacted to maintain the viability of this business segment within the overall economy. For example, within the state of Maryland, the small business preference plan (SBP) was established to help in the procurement of supplies in construction related services. The construction sector is very important to Maryland because it employees a vast amount of its residents (Birch, 1979). The programs were established to help companies better afford supplies and other construction related items. For example, if a Small Business vendor could bid $104.99 and if the lowest "non-Small Business" bid was $100.00; the Small Business would be awarded the contract.
Another example of a preference program is in Washington State with its Small Business and Local Preference Program (SBLPP).Much like the Maryland example above, this program was designed to enhance the available contracting opportunities for small businesses in the District of Columbia, State of Maryland, and Commonwealth of Virginia. The program targets and gives preference to, "qualified small businesses in the procurement of goods and services when Metro awards contracts for non-federally funded purchases of $150,000 or less (Metro, 2012)."
In many industries size is not as important as the underlying business operations of the firm. In many instances size can be a detriment to operations. It…
References
1) "Small Business and Local Preference Program." Metro. Washington Metro Area Transit Authority. Web. 27 Apr. 2012. <http://www.wmata.com/business/small_and_local_business/>.
2) Birch, D. (1979). The job generation process. Unpublished Report, Massachusetts Institute of Technology, prepared for the Economic Development Administration of the U.S. Department of Commerce, Washington D.C.
3) Birch, David (1987), Job Creation in America, How our smallest companies put the most people to work, The Free Press, New York
4) Edmiston, Kelly. "The Role of Small and Large Businesses in Economic Development." Economic Review 1 (2010): 1-93. KansasCityFed.org. Web. 25 Oct. 2011.
Oppression of Class And Gender Class and gender are two separate but related concepts in the sociological analysis and understanding of inequality and oppression in society. A definition of class is "A group of individuals ranked together as possessing common characteristics; as, the different classes of society; the educated class; the lower classes." (Definition of class) According to the sociologist Max Weber class is defined in relation to the way that goods
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