Crowdfunding Essay Example | Topics and Well Written Essays - 750 words

Crowdfunding - Essay Example The four main types of crowdfunding are donation-based crowdfunding, reward-based crowdfunding, lending-based crowdfunding and equity-based crowdfunding. In this type of funding, there are no financial returns to the contributors or investors. In many cases, this type of crowdfunding is used for raising money for charitable projects. Some of these projects include disaster relief and medical bills (Nesta, 3). For example, an organization such as the Red Cross might conduct a campaign aimed at getting people to donate. Such donations have no returns attached to them. The donors are satisfied when a given project is completed. The motivation for the donors is non-monetary. Many organizations that use this type of crowdfunding rely on their websites to get contributors, although other outlets such as social media may be used. In this type of funding, the donations are gathered and assigned to a given project (Gadja &Walton, 8). This then helps get more donations because the funders understand that their money will be used for a specific purpose. In the end, the donors may give repeated donations if the organization keeps on updating the m of the progress of the ongoing project. Examples of such platforms include JustGiving (England), Startme (South Africa) and m-changa (Kenya) (Gadja &Walton, 8). This type of funding involves people contributing to a given business or project in exchange for some type of reward. In many cases, this reward is in the form of product or service offered by the organization seeking the funding (Nesta, 3). This is the most popular type of crowdfunding and is mainly used for creative and entrepreneurial projects. Usually, this model allows for the rewards to be given to the contributors based on the amounts contributed; the more a person donates, the better the rewards received. The donation is usually higher than the monetary value of the reward given, and this

Transformational Learning Essay Example | Topics and Well Written Essays - 1000 words

Transformational Learning - Essay Example The significant feature of power is that it is the function of Dependency. The greater the person is dependent on the first person; the greater is the first individual’s power in the relationship. Team work is vital in an organization. Triumphant teams accomplish the strategic goals if they are efficient. Teams are most successful when different group of workers are participating. Restricting the number of teams on which only one employee may contribute. Team has a habitual meeting schedule. A new employee is added to the team. Transformational leadership style situates eminent values for imitation. The encouraging inspiration gives the adherents with challenges along with a suggestion for appealing in joint purposes and accomplishments. Transactional leadership engrosses dependent support. Cohorts are aggravated by the manager’s assurance, admiration, and remuneration. Transformational Leaders are those who provide individualized consideration and intellectual stimulation and who possess charisma. They pay attention to the concerns and growth needs of individual followers, awareness of issues by helping them to look at old problems in new ways and they are able to motivate and inspire followers to put out additional effort to achieve group goals. Transactional leaders are those who guide or motivate their followers in the direction of established goals clarifying role and task requirements. These leaders encourage followers to rise above their own self interest for the good of the organization and who is capable of having a deep and astonishing effect on his or her followers. Organization culture is the common perception held by organizational associates, a system of shared meaning. This system is a set of key characteristics that the organization values. Transformational Leadership and organizational culture are supposed to be firmly entwined. The leaders should have a profound consideration of the distinctiveness as well as force of the