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这是说，在许多情况下，承认机会的过程反映了这个企业家(Fini et al.， 2014)。在这里，将讨论两个这样的情况，其中将讨论思想发展过程和机会识别过程。当Bob发现澳大利亚的经济正在遭受痛苦，并且随后成为大多数企业(Carland et al.， 2015)时，他就产生了渡轮业务的最初想法。这使他能够将他长期以来所说的水运的兴趣转变为一种可持续的职业。

随着轮渡业务的发展和两艘渡轮的日常运营，塔斯曼大桥在1975年(Kirzner, 2015年)倒塌。这进一步促使人们认识到鲍勃在2年的时间内为900多万人的旅行提供便利的机会。轮渡业务的增长进一步导致了将当地业务转变为国际品牌的想法(Fisher et al.， 2014)。因此，5艘渡轮被投入运营，以获取当地市场份额。此外，他还与一位海军工程师合作，进一步提升InCat品牌(Kozubikova et al.， 2015)。这也显示了他在每一步抓住机会的方式。研究人员表示，创业者总是在寻找机会，而创意开发的过程是识别机遇的积极产物，这一点在Bob的案例中很明显。

It is to assert that the process of recognizing opportunity reflects in many cases when it comes to this entrepreneur (Fini et al., 2014). Here, two such situations will be discussed in which the idea development process and opportunity recognition process is reflected. The initial idea of ferry business was generated by Bob when he identified that the economy of Australia is suffering and subsequently the majority of businesses (Carland et al., 2015). It enabled him to convert his long termed interest of water transport into a sustainable career. As the ferry business was developed and two ferries were operated on a daily basis, a Tasman Bridge had collapsed in the year of 1975 (Kirzner, 2015). This further led to recognition of an opportunity that was taken by Bob through facilitating the travel of more than 9 million individuals during the time frame of 2 years.

The growth in the ferry business further leads to the idea development of transforming the local business into an international brand (Fisher et al., 2014). Therefore, five ferries were made operational to capture the local market share. Besides, he partnered with one of the naval engineer to further enhance the brand of InCat (Kozubíková et al., 2015). This also shows the manner in which he grasped the opportunities at each step. According to the researchers, entrepreneurs are always looking for opportunities to exploit and the process of idea development is a positive product of recognizing opportunities and this has been evident in the case Bob.

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该报告提供了格洛丽亚·吉恩咖啡的详细信息，该咖啡正在分析以确定市场的竞争地位。因此，与国际市场相比，格洛丽亚·让·咖啡(Gloria Jean Coffee)专注于将自己的业务拓展给当地人。该分析包括宏观环境、SWOT分析、竞争分析以及公司战略的细节，以实现本报告的目的。

一位澳大利亚商人，Nabi Saleh，咖啡专家和情人，以及他的商业伙伴在澳大利亚建立了一家美食咖啡馆。1996年，第一个格洛丽亚·吉恩的咖啡馆在悉尼开业。到2004年，该公司已经在澳大利亚各地开设了220多家咖啡店，并建立了自己的品牌名称(Coffees, 2017)。

格洛丽亚·珍的咖啡在全世界40个市场拥有950多家咖啡店。公司拥有一万多名员工，提供各种各样的产品，如冷咖啡、热咖啡、茶、冰沙、沙漠、咖啡和烘焙食品。该公司的净收入为6.64亿美元。Gloria Jean咖啡的财务报表显示了该公司在市场上的表现。EBITA的增长为27.2%，NPAT为27.4%，每股收益为17.9%。

The report provides the details of the Gloria Jean’s Coffee which is being analysed for determining the competitive position in the market. Therefore, the Gloria Jean Coffee is focusing on franchising their business to the locals in comparison to the international markets. The analysis consists of the macro environment, SWOT, Competitive analysis and the details of the strategies of the company with the objectives which fulfil the motive of this report.

An Australian businessman, Nabi Saleh, coffee expert and lover, together with his business partner established a gourmet coffee shop in Australia. The first Gloria Jean’s Coffee shop was opened in the year 1996 in Sydney. By 2004, the company had opened more than 220 coffee shops all across Australia and established its brand name (Coffees, 2017).
Gloria Jean’s Coffee has more than 950 coffee shops across 40 markets all over the world. The company has more than 10,000 employees and provides a wide range of products such as cold coffee, hot coffee, tea, smoothies, deserts, coffee accessories and bakery food. The net income of the company is $66.4 million. The financial statements of Gloria Jean’s Coffee show the performance of the company in the market. The growth of EBITA is 27.2%, NPAT is 27.4% and earnings per share are 17.9%.

21世纪的企业家是进步的，充满活力的，具有良好的领导能力。他们具有这样的特点，不仅帮助他们成长，而且使他们在竞争激烈的商业环境中变得有竞争力。这份报告是基于这样一位企业家的，即鲍勃·克利福德。这位企业家施展了他的创业技能，发现了机会，并提出了想法。这种身份证明帮助他在今天取得了巨大的成功和盈利。这份报告强调了他的成就，并推荐了他未来的商业方向。

这份报告分析了一位名叫鲍勃•克利福德的澳大利亚企业家。该报告将讨论企业家的背景，以评估企业家激情的发展。它将讨论个体为发展理念和认识机会所采用的企业家特征和过程(Bae等人，2014)。本报告将进一步阐述已开发的业务类型，并将评估该组织的竞争优势，并将其与业务市场进行比较(Baum et al.， 2014)。此外，未来的建议将提供给鲍勃·克利福德，涉及他所能采取的各种途径和业务。将描述企业家与业务的完整概述，以确定为本报告所选择的企业家的完整概要。

The entrepreneurs of the 21st century are progressive, dynamic and have good leadership skills. They possess such characteristics that not only help them to grow but also allow them to become competitive in the highly competitive business environment. This report is based on the one of such entrepreneurs, namely Bob Clifford. This entrepreneur threw his entrepreneurial skills, identified opportunities and developed ideas. Such identifications helped him to be highly successful and profitable today. This report highlights his achievements and recommends on his future business direction.

This report analyses an Australian entrepreneur called Bob Clifford. The report will discuss the entrepreneur’s background for the assessment of the entrepreneurial passion’s development. It will discuss the entrepreneurial characteristics and the processes employed by the individual for the development of idea and recognition of opportunity (Bae et al., 2014). This report will further elaborate on the business type that has been developed and it will assess the competitive advantages of the organization as compared within the operating market (Baum et al., 2014). Furthermore, the future recommendations will be provided for Bob Clifford involving the varied avenues and businesses that can be taken by him. The complete overview of the entrepreneur along with the business will be described in order to determine the complete profile of the entrepreneur that is selected for the purpose of this report.

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研究发现，罗伯特·鲍勃·弗雷德里克·克利福德·奥博士出生在澳大利亚的塔斯马尼亚岛(Carland and Carland, 2015)。鲍勃有三个儿子，分别是克雷格、金和罗汉。在最初的几年里，鲍勃是一名专门的游艇爱好者，喜欢在学校、周末和学校假期(Carland et al.， 2015)中航行。当鲍勃开始工作的时候，他觉得他的帆船运动很痛苦。在上学期间，鲍勃在几个科目上都失败了，这让他很惊讶，因为他甚至在木工方面都失败了。他的父亲是屠夫，在很大程度上没有帮助鲍勃。当他在起居室里(Fisher et al.， 2014)制作了一艘14英尺长的木船时，这位木工老师大吃一惊。在他退休后，大部分童年时光都是和他父亲一起度过的。

在这之后，他说服自己继续留在水里，因为他已经钓了十年了。正是这种对水和航行的热情不仅激发了鲍勃，也创造了他的创业激情(Kozubikova et al.， 2015)。鲍勃已经开始在他的房子的后院建造渡船在它被商业化之前。他从事渡轮业务大约八年，并专门花时间设计和建造渔船和帆船或渡轮(Carland et al.， 2015)。因此，人们可以认为，正是由于对水运的强烈热情，才使鲍勃获得了他所取得的成功。当塔斯曼大桥于1975年坍塌时，鲍勃最终运营了两个轮渡业务，提升到五艘渡轮。

It has been identified from the research that Dr. Robert Bob Frederick Clifford AO was born in Tasmania, Australia (Carland and Carland, 2015). Bob has three sons namely Craig, Kim and Rohan. In the initial years, Bob was a dedicated yachtsman that enjoyed sailing after the school, during weekends, and school holidays (Carland et al., 2015). When Bob started to work, he felt that his sailing activities are suffering. During the schooling, Bob had failed in several subjects and this was surprising as he even failed in woodwork. His father was a butcher and did not assist Bob in much of the efforts. The woodwork teacher was taken by a surprise when he delivered a 14 foot long wooden boat that he developed in the living room (Fisher et al., 2014). Much of the childhood was spent with his father after his retirement on fishing.

After this, he convinced himself to remain on the water due to which he was fishing for over a decade. It is the passion for being on water and sailing that has not only motivated Bob but also created his entrepreneurial passion (Kozubíková et al., 2015). Bob has initiated to build the ferries in the backyard of his house before it was commercialized. He entered in the business of ferries for about eight years and dedicated the time to design and build boats for fishing and sailing or ferries (Carland et al., 2015). Therefore, it can be considered that it was the strong passion for the water transport that provided with the pathway to Bob for the success that he has attained. Bob eventually operated two ferry operations that enhanced to five ferries as the Tasman Bridge collapsed in 1975.

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经过多年的自由化，可以理解政府在公司的资本结构分析中扮演着重要的角色。这些被发现是基于公司的财务杠杆和他们的财务杠杆。就美国而言，人们担心的是对债务的追逐和股权的流失。有人认为，金融危机的风险更大。这些是消费者和纳税人为了满足投资需求的财务要求而需要进行的风险转移。根据美国的监管规定，这些公司的资本结构似乎有所不同。在这个体系中，资本的回报是公平的。在欧洲，有一种规定是用来考虑资本的回报。公司的资本结构在很大程度上决定了这种模式需要考虑的因素。

必须正确选择资本结构，这可能影响利率和盈利能力。公司的财务健康是由现金流量来衡量的。现金流是通过现金流入和流出的考虑来衡量的。在某些情况下，对债务的利息被认为是可扣税的。这些被发现会影响公司的运作。除此之外，还需要考虑公司的政治立场。必须考虑到国家的经济立场和整个国家的债务。这被发现会影响公司的运作。人们的意识形态也影响着人们的消费习惯。这些在资本结构分析中被考虑。企业水平与国家水平变量之间的相关性。美国公司的各种级别的描述性统计包括收入、税收、费用等。

After the many years of liberalization, it can be understood that the government plays an important role in the capital structure analysis of the companies. These are found to be regulated based on the financial leverages of the companies and their financial leverage. In the case of United States, there are concerns for the dash for the debt and the flight of equity. There is argument that is made for the greater risk of the financial distress. These are transference of the risks that the consumers and tax payers need to make in order to meet the financial requirements of the investment requirements. The capital structure of the companies seems to vary based on the US regulation. There is a fair return of the return on the capital in this system. In Europe, there is regulation that is used for the consideration of the return of the capital.

There is the determination of the larger extent on the firm’s capital structure that needs to be factored in this paradigm. There must be proper choosing of the capital structure and this can affect the rate and the profitability. The company’s financial health is measured by the cash flow. This cash flow is measured by the cash inflow and outflow consideration. The interest in the debt is considered to be tax deductible in some cases. These are found to impact the operation of the companies. Apart from this the political stance of the company needs to be considered. There must be factoring in of the economic stance of the nation and the overall national debt. This is found to impact the operation of the company. The ideology of the people also impacts the spending habits of the people. These are considered in the capital structure analysis. Correlation between Firm Level and Country Level variables: The descriptive statistics for the US Based companies’ various levels include revenues, tax, expenses and more.

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通过对楔形分析的简单和完整方法的分析，确定了楔形法的理论分析方法。通过使用似乎使用非垂直接口的多个楔子，可以清楚地看到这一点。将广义楔入法确定为力和力矩平衡，并与动力学条件进行解释。充分调动的力量是充分的结构在分离的楔形和成就的楔形是适当的允许说明楔形的可容许性。阐述了初始楔形基方法的结构，提出了初始楔形基的解决方案和问题。该模型的结构是建立在模型的基础上的，是基于广义模型的，对边坡稳定性分析具有一定的适用性。

在安全性方面，可以很容易地定义受欢迎的因素，并说明了在抗剪强度上可用的数量。为了使边坡达到极限平衡的初始状态，必须降低剪切强度的大小。因此，在有效剪切的概念下，可以很容易地表达出破坏表面的剪应力。 t = 1 / F *(c ‘ + ‘ tanØ’) 在考虑坡度的情况下，将其斜率表示为具有相变表面的均质材料，并将其离散化为3个楔形。自由身体图简单地解释了个体的楔形，并指示作用在它们上的力，显示了被动员的剪切力和摩擦强度被用来定义作用在每个楔形上的力。个人符号可以被增强的定义描述我=编号,l =两边的长度,ξ=动员剪切强度的内聚组件的内部表面,如果=动员的内聚组件剪切强度和外部故障似乎封闭质量下滑。

The theoretical analysis of the Wedge method is defined by way of the analysis which is being made by the illustrating the simple and the complete method of the wedge analysis. It is clearly demonstrated by using the multiple wedges that seem to be using the non-vertical interfaces. The generalized wedge method is determined to be the force and the moment equilibrium which is made to be explained along with the kinetic conditions. The fully mobilized strengths are fully structured on both the separation of the wedges and the achievement of the wedges is appropriately allowed for illustrating the admissibility of the wedges. The structure of the initial wedge based methods was illustrated to be addressing the solutions and the problems which are illustrating to be initial wedge based solutions. The structure, for the purpose of constituting the model, is illustrated to be based on the generalized model which is adequate for the slope stability analysis.

The well-accepted factors can be easily defined regarding the safety, and the amount is illustrated to be available on the shear strength. The amount of the shear strength must be reduced for the purpose of bringing the slope to its initial state of the limiting equilibrium. Due to this, the shear stress on the failure surface can be easily expressed concerning effective shear concept.
t = 1/F*(c’+a’ tanØ’) As per the slope is being considered, the slope is indicated to be made up of the homogeneous materials with a phreatic surface and the discretization into the three wedges can be depicted. The free body diagrams simply explain the individual wedges and indicate the forces that are acting on them with showing the mobilized shear and the frictional strength is being used for defining the forces acting on each wedge. The individual symbols can be depicted by the enhancement of the definition which is i= side numbering, l= length of the sides, Xi= mobilization of the cohesive component of the shear strength at the internal surfaces, Si= Mobilization of the cohesive component of the shear strength and the outer failure that seems to be enclosing the slipping mass.

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通过上述讨论和文献回顾，发现在认识到投资收益的机会时，股票市场泡沫基本形成。这个机会可以是基于新技术或新市场，而大多数投资者追随最初的投资者，比如行为。以下投资者在没有对股票进行个人分析的情况下进行投资，只是在成本上升的基础上购买。人们发现，股票价格的上涨提供了投资者继续购买股票和其他投资者以利用不断上涨的价格的动机。然而，在试图实现利润最大化的过程中，投资者的认同往往忽略了估值过高的问题。由于股票市场是动态运作的，它们与积极和消极的反馈有关。

因此，投资的积累形成了一个积极的反馈回路，并将投资对象纳入到价格波动中。然而，股票市场的自我调整或调整发生在价格的增加吸引投资者卖出股票并限制投资者以更高的价格买入股票的时候。由于市场上出现了积极的反馈，市场上出现了不均衡状态，投资者的恐慌导致了股票的卖出数量的增加，这种波动是有限的。这种经济价值高估导致价格降低到股票的内在价值。这可以从本文讨论的股市泡沫中得出结论。

It is established through the above discussion and review of the literature that the stock market bubbles are essentially formed when the opportunity for the investment profitability is recognised. The opportunity can be either based on new technologies or new markets and majority of the investors follow the initial investors in a herd like behaviour. The following investors make their investment without conducting their personal analysis on the stock and simply buy it on the basis of the rising cost. It is found that the rising prices of the stock provides with the motivation to the investors to keep buying the stock and other investors to capitalise on the growing prices. However, in the attempt to maximise the profits, the concern of the overvaluation is often ignored after identification by the investors.