Cheating death stealing life the eddie guerrero story Essay - 1

Cheating death stealing life the eddie guerrero story - Essay Example This Match was in Eddie’s movie although he was not one of the wrestlers in such entertaining match. The documentary, the Eddie Guerrero Story, being touching and inspiring has several funny moments and jokes that his relatives share with us. Anyone who wants to know what a Mexican Wrestler was like and the different styles he brought to the world, must view such documentary. Eddie’s match with Love Machine against Octagon and El Hijo Santo showed how he wrestled as a rookie and how much he has changed. His 2 out of 3 falls match against Dean Malenko could have been the purest wrestling match. It was their last ECW match. Rookie wrestlers who want a few tips must view this great technical battle. A good match in WCW against Chris Jericho showed some intense submission holds and lots of mat wrestling. It was a good match because Eddie and Jericho were great wrestlers. The WCW cruiserweight Championship between Eddie and Rey Mysterio was a fantastic show where both men showed off their skills. Eddie almost ripped the mask off Rey Mysterio because it was a battle of his mask ag ainst Eddie’s belt. It was a great, unforgettable match. Battles against prominent wrestlers made him more famous and an idol wrestler to look upon. He has the capability of being the villain but at the same time martyr and people pleaser. He can easily get the audience sympathy and the mass tends to be in favor of him even though he cheated a lot and do cheap shots. A good ladder match for the Intercontinental championship between Eddie and RVD used two ladders and a chair for some very hard hitting moves, when Eddie power bombed RVD off the ladder, a chair hit his face when RVD gave him a kick. Both of them then fell off the ladder which made it a great and scary match. There was this one Triple threat Match that won by the Guerreros and this is where the motto

Expanding Medicare to Include Prescription Drug Coverage :: essays papers

Expanding Medicare to Include Prescription Drug Coverage Introduction Throughout the past year of presidential campaigning, one of the top issues for both candidates has been that of whether or not there should be a prescription-drug benefit added to Medicare. Both George W. Bush and Al Gore have proposed a plan to expand Medicare to include full prescription-drug coverage for senior citizens receiving Medicare, at the expense of taxpayers. It is obvious why this issue has been such a priority for both candidates. Senior citizens vote at a much higher rate than other age groups. Both candidates know the importance of these senior citizen votes and believe that the proposal of adding a prescription-drug benefit is something that will appeal to a vast number of senior citizens. Both candidates have portrayed the issue as being very critical and as a serious problem that needs to be addressed. The question, however, is whether or not such drug coverage is a worthwhile project to undertake. Is the problem indeed serious enough to call for the type of reform that the candidates are proposing? Medicare is already a very costly program to keep up, and adding prescription-drug coverage would increase these costs even more. In order to fund this project, there will need to be a tax hike. Should taxpayers subsidize this prescription-drug benefit? Is there a good reason why this redistribution should take place? What are the benefits and costs of this proposal? These and other questions will be addressed in this paper as we examine the following topics: the need for senior citizens to have prescription-drug coverage, the political rhetoric involved with this issue, the projected shortfall in the budget of the Medicare program, and who really would benefit if a prescription-drug benefit was added to Medicare. Need for Prescription-Drug Coverage Many people argue that the lack of a prescription-drug benefit is the major shortcoming of the Medicare program. But are Medicare recipients really in need of such a benefit? According to a study done by the AARP Public Policy Institute, about 25.6 million, or 65 percent, of noninstitutionalized Medicare beneficiaries already receive some type of prescription-drug coverage, whether it is through employer-sponsored health plans or individually purchased private health policies. This leaves about 13.5 million Medicare beneficiaries who are without prescription-drug coverage.

Learning Knowledge for Effective Performance Essay

It instills organizations with new ideas and information which is a essential component of learning organization. Peter Senge’s 5 disciplines are essential for a learning organization. Systems Thinking is the crucial discipline which brings all the other factors together into a balanced theory and practice. Figure 1: The 5 Basic disciplines of a learning Figure 2: â€Å"The Fifth Discipline† by Peter organization Senge It allows organizations to see the big picture and differentiate learning patterns within the organization. Using this principles, organizations can work with a system to create solutions to challenging problems in every field as Senge believes that current problems are results of solutions that were applied in the past. Systems thinking involve learning to distinguish general behaviours and create new ones to familiarize with special terms and tools that aid decision making and also allow employees to participate in decision making. It also helps managers to detect repetitive patterns such as common ways of solving problems, present goals and policies that restricts the growth of the organization. It is similar to single-loop learning. Although it takes time to be implemented, it promises a wide range of benefits to companies and improve overall achievement (Delio, 1998). Toyota For example, TPS (Toyota Production System) is an approach created by the founder of Toyota, his son and his engineer that manages logistics, manufacturing and interactions between customer and supplier. TPS was created to bring consistency to the system and enable an effective production process, which eliminates waste. As a result, TPS worked well and has increased production and improved quality of cars. The system has made what Toyota is today: a leader in the automotive manufacturing and production industry.   Personal mastery is the discipline that describes personal growth and learning. Individuals who have a high degree of personal mastery are continuously seeking learning opportunities because they â€Å"are acutely aware of their ignorance, their incompetence and their growth areas† (Senge, 1990). Their self-improvement and self-discovery abilities motivate a learning organization as they are self confident and have great commitment and responsibility towards work. Personal mastery allows one to distinguish what is important and picture the real world more clearly. Therefore, managers must help to create the environment to change by creating an atmosphere that promotes personal mastery within organization where employees should feel comfortable to create personal visions. Managers who are serious in delivering personal growth will send a powerful message to his or her employees. Disney At Disney, successful films are not made only from the ideas of managers. In fact, the top management attends an event called ‘Gong Show’ three times a year where an employee at any level is encouraged to throw ideas and story lines. Employees at Disney feel comfortable to create their personal vision. Managers then respond immediately and reward the employee. The results would be an extraordinary concept of animated film.   Ã¢â‚¬Å"Mental models are deeply held internal images of how the world works, images that limit us to familiar ways of thinking and acting† (Senge, 1990). Mental models are the way how one sees things, learn and react to situations on a daily basis. Generally, people do not do what they say but they behave according to their mental models. Mental models are very important in an organization because it is relates to consequences that occur. It is rather difficult to develop systems thinking if mental model is fixed in past experiences. For example, a manager will find it difficult to handle with interpersonal problem in the organization if he or she has a different perception on an employee. Many organizational learning fail when managers ignore the power of mental models. When managers in an organization develop the ability to work with mental models, it will be necessary for employees to learn new skills and orientations. Both systems thinking and mental models fit together as systems thinking concentrates on how to modify assumptions in order to show causes of problems and mental models look at revealing our hidden assumptions (Taggart. J, 2009). Therefore, it is worthless for managers to engage in systems thinking until their mental models change. Apple Japan Apple introduced the concept of learning organization into their workplace. Apple was advised to embark upon the Five Disciplines which are important to a learning organization. Each employee had a mental model of the way the organization operates. The learning process was more efficient when each employee’s mental model was brought in-line with the rest. Managers at Apple also encouraged Personal Mastery to staffs to place reasonable goals. The essential discipline was Systems Thinking, where it facilitated each employee to make decisions, taking the whole system into account, instead of analyzing specifically on their own problems. All the 5 disciplines were implemented through a program of education and it marked improvement in sales and growth. (Adapted from: Case Studies of the Learning Organization, n. d. ) SHARED VISION Senge’s (1990) shared vision is not an idea but a deeply embedded belief shared by many that provides focus and is a vital part of generative learning. Shared vision is derived from personal vision. Therefore, managers should encourage employees to develop personal vision so that organization’s vision succeeds as both vision are engaged. It provides the focus and energy for learning making it an important component of a learning organization. Shared visions encourage new ideas and concepts within organization while encouraging experimentation. Senge claims that managers should understand that their high position in an organization does not mean that their personal vision is also the organization’s vision. Although visions are mostly visualized by top management, it is not consider a shared vision until others in the organization connect it with their personal vision. General Motors In General Motors (GM), a group of executives decided to implement a new approach in automobile manufacturing as well as a new friendly working environment. Pfeffer and Sutton (2000), discuss creating an organizational learning environment with a shared vision in a case study based on Saturn. The Saturn employees were labeled as risk takers. Later, these staffs sought and embraced a systemic change in Total Quality Management . As a result, Saturn developed into a successful car company due to its shared vision among employees. TEAM LEARNING Team learning is where a group of people work together to create results that they truly desire. Team learning is built on the discipline of personal mastery and shared visions but these alone are not enough to act wholly. Team learning involves two primary ways of communication among members which are dialogue and conflict. These are essential ingredient for learning. Dialogue among members in a team creates a language that helps deal with difficult situations and focus on structural issues. It helps members to learn how to recognize the patterns of interaction which provides an opportunity for members to interact with one another and discover possibilities. Conflicts is a norm in team and teams must know how to deal with disagreements well. A well handled conflict is important in a team as t often leads to effective brainstorming and problem solving matters. According to Senge, 1990 â€Å"the difference between great teams and mediocre teams lies in how they face conflict and deal with the defensiveness that invariably surrounds conflict. † General Electrics An example here is Jack Welch, CEO of General Electrics ( GE) came up with a solution call the Work-Out program to ‘clean upâ€℠¢ GE and improve productivity. It got every employee to get involved in challenges and problems. It has adapted a learning culture among employees which make GE a learning organization. As a result, GE increased its market share from $13 billion in 1981 to $500 billion in 2000. Figure 3: The Work-Out program implemented in 1981 increased Market capitalization by $487 billion.   Figure 4: Kolb’s Cycle of Experiential LearningDEFINITION Concrete experienceConcerned with something that has happened to you or that you have done. Concerned with adopting your new ideas into practice. Reflective ObservationConcerned with reviewing the event or experience in your mind or exploring what you did and how you, and others feel about it. Abstract ConceptualizationConcerned with developing an understanding of what happened by seeking more information and forming new ideas about ways of doing things in future. Active ExperimentationConcerned with trying out the new ideas as a result of the learning from earlier experience. Table1: Brief definitions of Kolb’s cycle of Experiential Learning. Figure 4 and Table 1 adapted from ‘Reflection on and in the workplace by L Allin and C Turnock, 2007. One may begin at any stage, but must follow each other in the sequence: †¢concrete experience (or â€Å"DO†) †¢reflective observation (or â€Å"OBSERVE†) †¢abstract conceptualization (or â€Å"THINK†) active experimentation (or â€Å"PLAN†) Kolb, an American educational theorist explains how experience is translated through reflection into concepts, which is then used as a guide for current and new experimentation. This can be applied in the several forms of informal and formal learning in the organization where learning becomes more effective as employees gets hands on experience on the knowledge they have gained. It also improves performance at workplace and influences the behavior of the learner and as such employees can enhance their performance as they are able to understand and learn better. Learning increases ability to contribute to the organization’s success. It also contributes to a better understanding, increases communication, improves quality of decision making within organization. Organizational learning is essential for innovation ( Laundry, 1992). Innovation is vital for organizations to survive in the competitive world today. Organizations are required to think out of the box and practice continuous learning to remain top in the market. Organizational learning has affected performance of individuals as well as organization as a whole in a positive way. Most firms these days are categorized as learning systems. Organizations such as Fiat, Toyota, Motorola and a few others have improved tremendously after learning took place. They had both formal and informal ways of knowledge acquisition, sharing and implementation of knowledge and skills. Motorolo today is a well developed organization because of its learning processes and culture where employees are fully committed to total quality management. Organizational learning fosters a great opportunity for meeting goals, visions and values. Here, a manager plays a huge role not only as a charismatic leader but also as a motivator that guides employees towards change, shapes the design and structures of the organization and overall creates a positive impact on the organization. The factors that add to effective performance through organizational learning are the skills developed by employees, resources that are available in helping them learn, reward system given by employers, environment and culture. Competitive advantage is a strength a company has over their rival firms. It is an bility to operate at minimum cost, produce quality goods, and invest in Research and Development. Through organizational learning, a firm can develop the necessary knowledge that is vital for effective performance. Intrinsic knowledge can also be applied in organizational learning. Intrinsic knowledge is the knowledge which resides within the organization in terms of work relationships, attitudes and behavior. They are difficult to transfer f rom one to another. Employees in a company which has developed strong intrinsic knowledge will be able to use them in the operations and gain productive performance. It will help them to show a higher proactive personality together with commitment. It becomes a competitive advantage to the firm as it will be hard for competitors to follow. Federal Express’s efforts and approach of investing heavily on team learning among employees has enhanced quality and gained success. It is the ability of the firm to practice continuous learning that made it what it has become today. Although learning is a slow process, once initiated, it feeds on itself and will continue to grow and improve efficiency of employees. Today, more organizations are realizing the importance of learning to be successful in their respective markets. Knowledge within learning organizations must be discovered and shared among employees so they can work in a team to enhance problem solving, decision making and response to challenges. Therefore, managers in organizations should take the necessary steps to shift from organizational learning to a learning organization. Organizations such as Totoya, GE, Disney and others are clear examples of how learning efforts have helped these firms to achieve high performance and compete against competitors in the 21st century.

Financing Of The Small And Medium Sized Finance Essay - Free Essay Example

Sample details Pages: 9 Words: 2753 Downloads: 4 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Did you like this example? With the deepening of marketing economy and reform in China, small-and-medium-size enterprises have accounted for half of the total economy. Unfortunate, they are facing many difficulties nowadays, such as shortage of capital, scant innovations, lack of human resources and nonstandard manganese so an and so forth, financing problems, in particular, has become a bottle neck, which severely hinders the economy. Essentially, financing ways are systematically arranged, especially under marketing economy, the financing modes will not only be confined with the enterprise itself, but be bounded on economically financial circumstances and financial system of a country. This paper mainly analyse the presenting conditions and the causes of financing plight from the following three aspects: National macro-policyÃÆ' £Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ Financial systemÃÆ' £Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ quality of the enterprises itself, then we come to the conclusion. They are the principal factors which make the small-medium sized enterprises hard to finance, such as the imperfection social financing systemÃÆ' £Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ immaturity of credit warrantyÃÆ' £Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ asymmetric information of the enterprisesÃÆ' £Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ unsound system of enterprises themselvesÃÆ' £Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ the low credits and so on. On the bases of benefiting from foreign experiences and fundamental realities of our country, we will get down to improve the quality of their own. At the same time, we also accelerate to build multi-levels, all- dimensional, perfect supportive financing system and improve the macro-policy environment . In this case, we can ensure the quick and healthy development of small-medium sized enterprises and even our whole national economy. Don’t waste time! Our writers will create an original "Financing Of The Small And Medium Sized Finance Essay" essay for you Create order Introduction Since Chinas socialist market economy system and its multiple coexisting forms of ownership were established, many small and medium enterprises have sprung up, in particular privately owned small and medium enterprises. In every countrys national economy, small and medium enterprises numerically make up over 90% of companies, accounting for around 60% of employment and over half of output. They play an irreplaceable role in a nations economy. In China, however, owing to historical and systemic reasons, small and medium enterprises cannot be compared to large scale enterprises in terms of financing, tax take and market competitiveness, and are at a clear disadvantage. In order to promote the stable and healthy growth of small and medium enterprises, the central government along with local governments have given them great support both in legislation and in policy. The Law of the Peoples Republic of China on Promotion of Small and Medium-sized Enterprises, which came into force on Janu ary 1, 2003, designates general regulations for support given to small and medium enterprises in financing and setting up enterprises, technological innovation, market development and service to the community. However, according to media reports, the Financing Climate Index for small and medium enterprises fell to 68.8 in the second quarter of 2004, which is classified as unfavourable and marks a fall of 3.7 points on the last quarter. The figure is 44.2 points lower than that for large-scale enterprises. 38.2% of small and medium enterprises felt that access to financing was a problem. The increase in the difficulty of obtaining financing for enterprises has aggravated the already severe strains on liquid funds in small and medium enterprises. Barriers to access to financing are without a doubt on of the main impediments to the development of enterprises, and in particular small and medium enterprises. From the analysis of this survey, we can see that the difficulty in getting acce ss to financing has created a bottleneck in the development of small and medium enterprises, and that to some degree, the financing of small and medium enterprises has become a constraining factor on the development of Chinas national economy. In China, there are three main factors that affect the financing problem of small-and-medium-size enterprises, namely, enterprises themselves, financing organization and Government of which high managing risks, poor profitability and shortage of fixed assets are the interior reason, more important is that the information between bank and enterprises is not on the basis of reciprocity and the loans are cut down, the financial circles in China are being integrated. The financial circumstances and systems led by the government are the deeper reasons. Countermeasures to solve the financing problem of SMEs Research Part I. A self-building to strengthen SMEs SMEs in financing problems are not caused by one or two factors, but the role of various factors in the above formed. So both the source of SME financing or external sources, including the financing issues, not just rely on one or two efforts can be fully resolved, its solution requires medium itself, the central and local government agencies and banks and other Financial institutions can better work together to solve them. (A)Regulate the internal management of SMEs, improve their overall quality. Generally start from the following three aspects: first, to clarify property rights of enterprises, the establishment of stock cooperative system. Actively and steadily promote the reform of property right system, only the property rights of enterprises, operators of fishes and their behavior is responsible for the future development of enterprises, corporate credit be possible to set up. According to the requirements of modern enterprise system and the characteristics of SMEs themselves, and vigorously promote the stock cooperative system, and promote the reform of small and medium enterprises. Through the transfer of property rights, joint-stock reform, leasing, auctions and other means to accelerate the pace of reform enliven small and medium enterprises. Encourage employees to volunteer in the reform of shares, increase the concerns of the staff of the degree of enterprise assets, for the development of e nterprises to open up new financing channels. Second, standardized enterprise financial systems, improve financial management. According to relevant national regulations, establish and improve the financial and accounting systems do not do cooking the books, the establishment of sound financial reporting system to improve the transparency of corporate financial position and financial statements of credibility. Positive settlement of bank debt and payables, the establishment of the credit system, and improving the confidence level. Finally, strengthening internal management, improve enterprise credit rating. Typically, a grade credit rating over the enterprises and financial institutions to consider the financing application, so enterprises should establish a good corporate image, to eliminate bad credit records, and improving the credibility level of repayment, vigorously develop the market. While also establishing a set of indicators of credit rating system and actively cooperate w ith relevant government departments, build a credit system as soon as possible. (B)Clearly the role of credit guarantee SME credit guarantees to clear the nature and role, to play the correct effect. The establishment of SME credit guarantee system should be followed to provide credit guarantees, to promote SME financing purposes, then assist the healthy development of SMEs to economic growth and social stability, the purpose of clarifying its nature is not for profit, but a kinds of mutual aid the public good nature, its role is to guide social capital, especially the flow of bank funds for SMEs, and promote economic development. (C)To correctly handle the relationship between financial institutions First, the government and the relationship between security agencies, SME credit guarantee institutions, while a policy-oriented organizations, but security agencies are engaged in the business market, should reflect a certain degree of independence, the implementation of corporate management, so arrangements should be separated from the government know, market selection. The government set the identity of the major shareholders of policy guidance and external oversight. Followed by the security relationship between institutions and banks, guarantee agencies and banks have been the two interests is the relationship between the divisions of work. First, the guarantee agency business is the admissibility of a large bank that the credit risk business, these guarantee agencies to convince the banks have a risk management measures, credit rating and to maintain a certain degree of transparency of banks to increase the banks trust degrees. Secondly, in terms of banks, guarantee agencies involved, the banks moral hazard the enterprise, business risk onto the security company. Therefore, the banks and guarantee agencies should strengthen the ties of mutual understanding, the initiative to undertake part of the loan risk, the formation of risk and profit sharing relationships. Finally, security agencies and the relationship between SMEs, the credit guarantees and pays off the secured and the associated relationships. To handle the relationship between the two, first of all, the process of cooperation between the two should be kept in the utmost good faith, the enterprise should faithfully reflect the actual situation, strict compliance; Second, properly handle the issue the guarantee fee, guarantee fee income is the main security agencies sources to maintain the balance of payments, while small and medium enterprises are looking to lower financing costs, therefore, to reasonably determine the guaranteed rate to form a win-win situation. (D)The development of special legal rules and norms of credit Development of specialized credit and the legal system of rules as soon as possible to guide credit guarantee industry. The rapid development of credit guarantee, but due to lack of necessary legal protection and restraint, and our Guarantee Law is not really a credit security law, it is the behavior of the NPC enacted the Basic Law guarantees adjustment, which implement the general Civil and Commercial Law the principle of equal protection of the civil subject, and transaction security and interests of creditors, credit guarantee and credit guarantee for the industry not covered by law. In view of this, the credit as soon as possible to develop specific legislation to regulate and guide the credit guarantees industry. Part II. To create a favorable financing environment of SMEs To develop support policies targeted (A)The reason why small and medium enterprises in China is still in the early stages of development, management system and management were very irregular, a very important reason is that our Government has not paid attention to the development of SMEs, the relevant preferential policies tilted only to large enterprises. Therefore, the state should be in accordance with the rules of market economy, the introduction of more support for SMEs on the development of policies to guide SMEs to participate in fair competition, promote small and medium enterprises to standardize direction. Meanwhile, the states fiscal policy should be to improve the small and medium enterprises, governments at all levels should be increased investment in small and medium enterprises, to solve the debt problems of some of the history of small and medium enterprises; clean up the different nature of the existing preferential tax policies for enterprises of different ownership enterprises must equal treatment; le vels of administration should not be arbitrary charges and fines for small and medium enterprises to effectively reduce the burden on SMEs. (B)Establish and improve the financial system Co-ordinate the overall national small and medium enterprises should set up government agencies, the State Economic and Trade Commission recently established by the Secretary should support small and medium enterprises, to know and regulate the development of SMEs play a central leadership role. Same time the country as soon as possible a clear focus on providing financial services to small and medium financial institutions system. The first state-owned commercial banks to set up a dedicated SME credit department, expand deposit and loan services for small and medium enterprises; the second is a reasonable adjustment of city commercial banks, urban credit cooperatives and rural credit flow of credit designed to highlight the focus of support for local SMEs, small and medium financial institutions to give full play the main role in support of SMEs; third is properly established for the individual and private economy, SMEs and small financial institutions. (C)Capital Market Direct financing of enterprises has to be non-reimbursable financing of external ownership, improve corporate asset and liability structure, the effective allocation of social resources and other advantages; this is to solve the financing difficulties of SMEs, financing channels for a single approach to this important issue. The government should encourage SMEs to engage in direct financing put the appropriate policies and measures, the establishment of foreign products targeted at small-scale, high technology and market potential of high-tech SMEs in the capital market financing services, to encourage qualified enterprises to enter the securities market financing, both to help SMEs to solve this problem, reduce financing costs, but also to spread the concentration of investment risk, and change society for the production of personal consumption fund development and construction funds, but also conducive to improving Chinas capital market has become increasingly strong. (D) The establishment of SME credit guarantees system Financing difficulties of small and medium business to a large extent is due to greater credit risk, banks are reluctant to provide loans to them. If the Government can guarantee loans to SMEs or insurance, it will be able to relieve the difficulty. Therefore, the Government must set up appropriate security and insurance institutions, financial intermediation for SMEs and provide a strong backing. Located in Guangdong Province, the Guangdong Ronsen Super Micro-Wire Co, Ltd. (previously known as the Zhuhai Ronsen Electrical Manufacturing Co. Ltd) is a specialized manufacturer of electronics, mechanical equipment, and power supplies using enameled wires. The company was incorporated in Zhuhai in 1991, with a registered capital of 1.5 million RMB. Shareholder investment came from the Sichuan Southwestern Electronics Factory, the Zhuhai Special Economic Zone Development Corporation, and the Hong Kong Everbest Machinery Industry Co Ltd. Following more than ten years of hard work, in 2002 the company was recognized as a high-tech enterprise by the Department of Science and Technology of Guangdong Province. The main business is production and sale of fine enameled wire, fine enameled raw materials for the production of micro-inductors, micro relays, micro motors, magnetic heads, headphones, micro speakers, and other electronic components. Production development is mainly focused on m icro type, heat resistance, composite coating, white coating, straight welding, and suitability for high-speed winding machines. Total annual demand for enameled wire in China is around 300,000 tons. In June 2005, to adapt to market trends and meet customer demand for high quality fine enameled wiring, Ronsen proposed a plan for expansion of production of fine wire and industrialized production of special enameled wire. An increase in the proportion of technologically advanced products enables increased economic efficiency and enhanced competitiveness. Many years of effort have enabled Ronsen to reach its current scale, with total annual sales of around fifty million RMB. However, the company lacked the capacity to quickly meet market demand and expand the manufacturer of high-level products. Therefore, they needed new strategic investors. Seeking strategic cooperation with a venture capital company, in early 2006, Ronsen requested a strategic partnership with the Guangdong Provincial Science and Technology Venture Capital Co. The strategic alliance aimed to speed up the companys expansion plans, and establish a more standardized corporate governance and internal management mechanism. After a thorough investigation, evaluation, and exchange with the companys management and business philosophy, the venture capital company decided to proceed with the investment. In November 2006, the Guangdong Provincial Science and Technology Venture Capital Co. invested 10 million RMB, taking a 25% stake in the business. The alliance with the venture capital company drove technological advances. In 2007, the Ronsen fine enameled wire industrialization project won the top scientific and technological progress prize in Zhuhai City. Joint-stock reform ensured even greater progress. Alliance with the Guangdong Provincial Science and Technology Venture Capital Co. was enhanced with regular exchange and communication between corporate management and shareholders on strategy for future development, as well as strengthened cooperation with intermediaries. In order to promote the standardized operation of the business, and meet the future requirements for securing financing on the stock market, the company has promoted a joint-stock reform process. On October 10, 2006, the joint-stock reform was formally completed, and the company changed its name to the Guangdong Ronsen Super Micro-Wire Co, Ltd. Following the joint-stock reform, the companys registered capital was forty-two million RMB. After its accession to the WTO, China has gradually emerged as the worlds major processing center. Ronsen has drawn up a new development plan to establish a new modern production base in Zhuhai, doubling existing production capacity within two to three years, while continuing the research and development of high-quality products that meet the requirements of high-end customers. High quality products, good service, standardized management will create a first-class enterprise. Ronsens ability to bring in a venture capital company at the right time enabled a rapid development in a short few years that would otherwise have taken much longer. This case shows that investment by venture capital companies is a suitable development strategy for SMEs. This type of investment can improve investment efficiency and broaden the scope of the development, having a profound impact on enterprise breakthrough.