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Characteristics of an Ideal Entrepreneur - What an Entrepreneur Is An entrepreneur is a person who finds it worth risking, especially in term of his or her finances, in a particular project with a hope of introducing new related ventures that will culminate into visible success financially (Foley, 2006). Sometimes, an entrepreneur can also be taken to mean a person who is in the verge of organizing a virtually new project and targeting to use previously unused channels after discovering a hidden opportunity in the eyes of others. Evidently, in both cases, there is a risk factor and therefore maximum care and guided moves are things to take care of first....   [tags: Entrepreneur ]
:: 8 Works Cited
1955 words
(5.6 pages)
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Entrepreneur - The analytical framework above reveals the personality attributes that make an individual become an entrepreneur and the attributes are illustrated from conception to the end process. It is made up of a combination of entrepreneurial theories that allude to the psychological traits of an individual. A variety of entrepreneurial theories will be used to explain the framework. Conception of the personality attribute of an entrepreneur is the will to establish a kingdom, followed by the need for achievement, then internal locus of control closely followed by non-conformist and finally the culmination of all the personality attributes lead to an entrepreneur....   [tags: Entrepreneurial Theories] 1401 words
(4 pages)
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What Are The Functions Of The Entrepreneur? - From an economists point of view entrepreneurship is best considered as a function. The entrepreneur is what the entrepreneur does. Entrepreneurship was first described in economic terms by Cantillon (1755) who defined the components of trade but the term was accorded prominence by Say (1803). The modern theory of the entrepreneur is primarily concerned with the primary characteristic of the search for or the discovery of knowledge. The entrepreneur uses this knowledge in reallocating resources, where it is argued that the qualities of shrewdness and deviousness enter, to his own advantaged....   [tags: Economic Market Analysis Entrepreneur] 1945 words
(5.6 pages)
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The Entrepreneur - Missing Works Cited The Entrepreneur In the United States, approximately one in eight adults are self-employed. In their minds exists a one common dream. This is the entrepreneurial dream of self-employment. It is the freedom to start, grow, and cash in a new business. Most of the extravagant millionaires of today build up their wealth in this way. An entrepreneur is someone who has the ability to build and develop his own business. In today's fast paced world of business, many people chose to work for themselves....   [tags: small business self employed] 3031 words
(8.7 pages)
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The Accidental Entrepreneur - What happens when your paychecks stop. I am no longer employed. Perhaps this is the time for me to pursue self-employment. Starting a small business in this tough economy won’t be easy. But after experiencing workplace bullying, the most devastating experience any employee can be subjected to, I am willing to consider the risks. Bhide (1999) found in his research “most startups derive from individuals seeking self-employment rather than the conduct of an entrepreneurial effort to develop new products, markets, technologies, and so on” (p....   [tags: Business Administration]
:: 8 Works Cited
1553 words
(4.4 pages)
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Profiling an Entrepreneur - Profiling an Entrepreneur Psychological profiling has become a science within law enforcement. The behavioral patterns of individuals have been categorized by age, sex, race, national origin and birth order just to name a few. Some people are great leaders, organizers, workers, and followers, but the entrepreneur remains as one of the most elusive psychological profiles in the world. Everyone can point to an entrepreneur, but psychologists have had trouble profiling an entrepreneur.      As referenced in the Journal of Managerial Psychology 5.2 in a research article written by Chad Perry entitled After Further Sightings of the Heffalump, the entrepreneur is compared to the Heffalump, a mythical creature, that as “He has not yet been caught and, indeed, we may still lack a reliable description of what he looks like,” he avoids description by those who are not entrepreneurs....   [tags: Business Management]
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390 words
(1.1 pages)
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The Entrepreneur in Economics - Current economic research denies the innate characteristics of the entrepreneur. Rather than attributing economic growth and innovation to personality traits, economists would rather advocate a form of economic determinism: if an aggressive personality dominated an industry, economists try to explain the characteristics of the industry that made aggression a successful strategy. Economic models are contrived to remove the personality from the entrepreneur, to make all entrepreneurial decisions predestined, given enough time....   [tags: essays research papers fc]
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1537 words
(4.4 pages)
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The Nature and Role of the Entrepreneur - 1. Both Knight and Schumpeter laid great stress on the importance of the entrepreneur. What similarities and differences, if any, do you find in these authors’ conception of the nature and role of the entrepreneur. To Schumpeter, the main function of an entrepreneur is an innovator who induces forward shifts in the market through the improvements which he introduces. Schumpeter classifies innovation under five different types, namely: (1) the creation of a new good or an improvement in the quality of an existing good; (2) the creation of a new method of production; (3) the opening of a new market; (4) the capture of a new source of supply; or (5) the creation of a new organization or industry....   [tags: Economics ]
:: 16 Works Cited
2041 words
(5.8 pages)
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Characteristics of a Successful Entrepreneur - Characteristics of a Successful Entrepreneur ABSTRACT First, there was an interview with a successful entrepreneur. Second, there was a talk on entrepreneurship by a guest speaker, Mr. Azmi Ahmad (the CEO of Skali.com) and later, an "elevator speech" by fellow students on various issues related to entrepreneurship. This collective information and some reading on entrepreneurship journals, books and articles have brought to the idea on writing this paper, towards certain perspective, on successful entrepreneurial characteristics....   [tags: Entrepreneurship Management Leadership Business] 1586 words
(4.5 pages)
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Common Traits of Entrepreneurs - In the past few years, there has a lot of attention paid to the concept of entrepreneurship; however, many still struggle to find the exact meaning of what an entrepreneur is and how he is different from other regular business-owners. This query has gotten people to come up with different definitions and studies in the search of a final answer and, even though there is still a debate for a complete designation accepted by all, now there are certain traits that are recognized by everyone as basics for being an entrepreneur....   [tags: Entrepreneurs, business,] 608 words
(1.7 pages)
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Key Entrepreneur Qualities - Identify potential evidence of key personal qualities desirable in an entrepreneur What kind of person is willing to take the risk of starting a business. What are the qualities needed for success. It is difficult to generalise, as each case must be viewed on its own merits. Hard working Successful entrepreneur must demonstrate high level of energy. Most of successful entrepreneurs don’t know how to stop working they always seems restless, work 14-16 hours a days, take few holidays. Strong motivation to succeed Entrepreneurs tend to demonstrate a driving ambition to succeed....   [tags: Business and Management Studies:] 416 words
(1.2 pages)
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Bill Gates the Entrepreneur - "Bill Gates is a modern business phenomenon: the greatest of the cyber-tycoons. His is not simply a story of technical brilliance and enormous wealth; it is one of remarkable business vision and an obsessive desire to win. It is also about a leadership style that is radically different to anything the business world has seen before." Dearlove, D. (1998) William Gates III was born in Seattle, Washington, US, on October 28, 1955. His father, William Henry Gates (II) Jr., was a lawyer while his mother, Mary Gates, was a school teacher....   [tags: Biography Biographies Bio] 1505 words
(4.3 pages)
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A Biography on Entrepreneur Donald Trump - I would like to begin with a quote from an incredible American Entrepreneur, Donald Trump, which goes "My policy is to learn from the past, focus on the present, and dream about the future." A strong quote that helped him from a downfall that almost nobody thought he would bounce back from. In 1990, he underwent a debt so large from the range of 975 million to almost two billion dollars where he almost went bankrupt. He had to hand over a lot of holdings to the creditor bank but by the end of 1990s, he bounced back....   [tags: Biography] 684 words
(2 pages)
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Sunil Bharti Mittal - Entrepreneur Profile - BACKGROUND: Family support: Sunil Bharti Mittal, born October 23, 1957 is an Indian businessman. He is the chairman and managing director of the Bharti group. The $4.5 billion turnover company runs India's largest GSM-based mobile phone service. Sunil's father, Sat Paul Mittal, an MP, was always in public life. It was Sunil who started in business (making cycle parts in Ludhiana, India) in 1976 at the age of 18 with borrowed capital of Rs 20,000.The son of a politician, Sunil Mittal is a Punjabi....   [tags: Business Entrepreneurship] 1565 words
(4.5 pages)
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Successful Entrepreneurs: Jermaine Landon Events - Located in Chapel Hill, North Carolina, Jermaine Landon Events (JLE) is an innovative event planning business with a focus on gay and lesbian events in the triangle area. JLE is best known for hosting Stir every Sunday night at the East End Oyster & Martini Bar on Franklin Street. Stir is a high-energy dance party that attracts patrons from all over the triangle. Founded by Jermaine Landon himself in 2006, Mr. Landon shows us that with a little hard work, dedication and networking skills, a successful business can be created using nothing more than a few social media services found on the World Wide Web....   [tags: Business Entrepreneur Essays]
:: 1 Works Cited
1182 words
(3.4 pages)
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My Career Goals: Work in the Legal Field and Become an Entrepreneur - The definition of career is, progress or general course of action of a person through life, as in some profession or undertaking. In my; life-long goals, I plan to become a thoroughly educated defense lawyer, and I aspire to become an entrepreneur. But before I can do any of these things, I plan to go to a prestigious college, to attain all my degrees. When I become a lawyer in my future, I plan to be the best, because I strive to be a role model to many young people around the world, a leader, and a great success....   [tags: college, law, jobs] 476 words
(1.4 pages)
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A Case Analysis on An Entrepreneur’s Global Strategy - A Case Analysis on An Entrepreneur’s Global Strategy Introduction Li Ka-Shing is the Chairman of Hutchison Whampoa Limited (HWL) and Cheung Kong Holdings in Hong Kong. He was able to put up different business in electricity, telecommunications, real estate, retail, shipping and the Internet through sheer hard work, intuition and an eye for innovation. He is not only known for his success in business but also as a philanthropist. Li has donated to several charitable and educational institutions and has also put up his own foundation to help the needy....   [tags: Business Strategy Management Analysis] 1319 words
(3.8 pages)
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Free College Admissions Essays: Summer Camp Entrepreneur - Summer Camp Entrepreneur The first wedding that I planned was in no way a traditional wedding. Ten eager little girls decorated the printed invitations with sequins, buttons, and markers. The same energetic hands prepared the wedding feast, consisting of bagged lunches, blintz soufflé, and of course a layer cake. On the big day I looked around with excitement. Again, I noticed something odd about this wedding. All the participants and guests appeared about four feet high. The "groom" had long hair pinned up with brown lines on her face (was that supposed to be a beard?) The wedding location, a back yard with a swing set and a wading pool, seemed far from romantic....   [tags: College Admissions Essays] 898 words
(2.6 pages)
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Heurich Mansion - Christian Heurich, the owner of the Heurich mansion was born in 1842 in the small village of Hainia, Germany. He was always very proud of his humble origins, especially that he was born in the remains of a castle that once housed the Henneberg dynasty. Christian Heurich’s journey to become the ultimate American success story led him to the nation’s capital to build the Heurich Mansion or as it is known locally, the Brewmaster’s castle. The National Register of Historic Places recognizes the Heurich House as one of D.C.’s most unique landmarks....   [tags: Entrepreneur ]
:: 3 Works Cited
2159 words
(6.2 pages)
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The Great American Inventor - In 1868 Edison, an independent inventor flourished with an acquiring reputation as a top inventor. In Newark, by creating and improving stock tickers, he managed and prepared a manufacturing shop. His profession comprised upon improving the achievement of the quadruplex telegraph, which sent two messages simultaneously in each direction on one wire. Here, he met Alexander Graham Bell and his associate Benjamin Franklin Bredding. Bredding was much more advanced in the techniques of telegraphy and electricity out of both Edison and Bell.Thomas Alva Edison was born on February 11, 1847 in Milan, Ohio, to Samuel Ogden Edison, Jr....   [tags: Entrepreneur ] 1307 words
(3.7 pages)
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Interview With An Entrepreneur - Although entrepreneurial success is occasionally a result of luck, most would agree that it is achieved through a combination of sound business sense, planning, and spirit. An excellent example of the seamless execution of these elements of entrepreneurial success is PMA member Maia Haag of I See Me. in Wayzata, Minnesota. Here are some highlights of my recent interview with her. Q: My Very Own Name is certainly an innovative book. What was your inspiration. A: I was looking for a product with which to start my own business....   [tags: Business Entrepreneurship] 1665 words
(4.8 pages)
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Entrepreneurship - According to Henry, Hill & Leitch (2003) the word entrepreneur was derived from the French word ‘entreprendre’ which means to undertake, and the first person who introduced and used the word of entrepreneur was Richard Cantillon (1680-1734), an Irish economist. Cantillon defined entrepreneur as a person with the foresight and confidence to work in conditions when costs may be known, but rewards are uncertain (Bridge, O’Neill & Cromie 1998). Therefore, it can be concluded that entrepreneurship demands foresight and willingness to assume risk (Landstrom 1997, cited in Corbetta, Huse & Rovasi 2004)....   [tags: Business Entrepreneur Entrepreneurship Essays] 1726 words
(4.9 pages)
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Internet Entrepreneurs - 1 INTRODUCTION A search of Google for “Internet entrepreneur” will retrieve more than 9 million links to blogs, portals and websites about Internet entrepreneurs. The success of several prominent entrepreneurs such as Larry Page, Sergey Brin, David Filo, Jerry Yang and Jeff Bezos has become the inspiration to others to become Internet entrepreneurs, but not all would become successful in the long term. Apart from the pioneers, there are, however, others – such as Dany Levy, David Liu, Reed Hastings, and Alex Algard – who are also successful and have survived in the long term....   [tags: Business Management] 1794 words
(5.1 pages)
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Entrepreneur Observation Report - This report outlines a very small business of my brother’s. It describes his business, target market, financial plans, and marketing plans. I have tried to keep a neutral opinion about his opinions as much as possible. I have tried to keep my inputs and thoughts in the conclusion only. The whole idea of my brother, insert name here, owning a business started in early March of 1998 when one of the neighbors jokingly suggested he should raise chickens and sell them to people. A few days later he realized it could be easily done, and with a profit....   [tags: essays research papers] 1671 words
(4.8 pages)
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Business Entrepreneurs - The entrepreneur is the pioneer, the managers the applier of existing best practices. The entrepreneur engages in strategic activity, the managers need to focus on tactical or operational activity. The entrepreneur formulates a strategy, the manager implements that strategy. Business success will depend on the continuing renewal and application of the entrepreneurial spirits. Business success depends on the application and an efficient management team. The attrition rate of any new business is extremely high....   [tags: Business Development] 890 words
(2.5 pages)
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No Definitive Profile of Successful Entrepreneurs - There has been a large amount of attention paid to the subject of entrepreneurship in the last few years; mainly because most people have chosen to go from working for somebody else, to be their own bosses and work for their dreams. Nevertheless, many still wonder what is entrepreneurship and what is that sets entrepreneurs apart from other regular business owners. At first, it seems both concepts do not differ much from each other since they both start up and run businesses and assume risks to pursue opportunities; however, there are certain traits that difference them....   [tags: Entrepreneurship, business, ] 642 words
(1.8 pages)
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The Advantages of Web-Based Businesses for Entrepreneurs - Starting and maintaining a successful business is the dream of all entrepreneurs. Today’s advancements in technology have created new opportunities for business owners to get closer to this dream. The Web has been the most effective tool in creating new opportunities for business owners. An entrepreneur should be more successful by starting, marketing, and operating a Web-based business. The first reason an entrepreneur should be more successful starting a Web-based business is because it’s simple and inexpensive to set up....   [tags: internet, business, marketing]
:: 2 Works Cited
541 words
(1.5 pages)
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Starting A Business - Starting a Clothing Line Business Apparel manufacturing is one of the most in-demand businesses today. Find out how to start and run a clothing business. The First Step Apparel manufacturing remains one of the most in-demand businesses today. According to the American Apparel and Footwear Association (http://www.americanapparel.org), apparel sales for 2000 reached $315 billion, representing a 90% growth from its 1990 levels. Starting a clothing business is just like any other business: you need to have the resources to jumpstart your vision, skills and know-how in managing the business, and marketing savvy to promote the business....   [tags: Business Entrepreneur] 1290 words
(3.7 pages)
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Starting Your Own California Vineyard - Sitting in class, gazing at images of scenic vineyards from around the world, I yearn to be there. They all seem as tranquil as they are appealing to the eye. Yet driven by these peaceful plots is a thriving industry. The wine industry is amidst a golden age as production and quality are reaching new highs in places all over the world. So can I be a part of this golden age. Can a small investment of just a few acres become profitable and provide high quality wine grapes. The following is an attempt to further explore my dream of owning a vineyard by determining basic processes and costs necessary to run a successful vineyard....   [tags: Business Entrepreneur] 1902 words
(5.4 pages)
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How Entrepreneurs Differ from Other Business Owners - There has been a large amount of attention paid to the subject of entrepreneurship in the last few years; mainly because most people have chosen to go from working for somebody else to be their own bosses and work for their dreams. Yet, many still wonder what is entrepreneurship and what is that sets entrepreneurs apart from other regular business owners. Free-lance writer and expert in economic issues Jeanne Holden suggest: “There is no one definitive profile of an entrepreneur. Successful entrepreneurs come in various ages, income levels, gender, and race....   [tags: business] 537 words
(1.5 pages)
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Entrepreneurs - Paper #2: Entrepreneurs INTRODUCTION In this paper, I am going to talk about the contest of business and some of its greatest entrepreneurs. The three entrepreneurs that I have researched are Bill Gates, Master P, and Ben & Jerry. I will be looking at their backgrounds, financial assets, beginnings, and contributions. DISCUSSION Bill Gates Background Born on October 28, 1955, Gates and his two sisters grew up in Seattle. Their father, William H. Gates, is a Seattle attorney....   [tags: essays research papers] 865 words
(2.5 pages)
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Women Entrepreneurs: Choosing between Business and Family - Introduction When addressing topics related to female entrepreneurship, a global issue that has aroused the interest of researchers and scholars emerges: the growing incursion of women in the workplace, which on the one hand has reduced their private, family and domestic time, and has transformed it into public and productive time, and on the other has meant that women are forced to construct other identities, to identify with other roles. Specifically in the case of women entrepreneurs, there are dilemmas and conflicts in reconciling the different roles they must assume as moms, wives, homemakers and managers....   [tags: Gender Studies]
:: 15 Works Cited
1317 words
(3.8 pages)
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Entrepreneurial Revolution - Kuratko and Hodgetts (2001) mentioned that “we are having entrepreneurial revolution in this twenty first century”. This is the period where entrepreneurs will grow like mushroom after the raining season. On the other hand in Malaysia, according to department of statistic (2009) the number of people who become entrepreneurs have shown a reducing trend since 1982 to 2008 where it had gone down to 20.9% from 25.1%. This shows that many people prefer to work with private sector or government rather than becoming entrepreneurs....   [tags: Business, Entrepreneurs] 777 words
(2.2 pages)
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British Entrepreneurs and the decline of the British economy - British Entrepreneurs and the decline of the British economy Was the British entrepreneur the most important single reason for the relative decline of the British economy in the late nineteenth century. Despite a continued growth of production and wealth in absolute terms, the economy of "the first industrial nation" began to decelerate after 1870, in comparison with that of her closest competitors. This so called "decline" was caused by a number of factors not merely one as the question suggests, indeed Supple` s foreword (1) asks, "Are we to be concerned with the rate of growth of total income or of manufacturing output....   [tags: European Europe History] 3597 words
(10.3 pages)
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A Passion for Art and Coffee - Jazz music and aromas of vanilla and espresso bean pervade the air half a block before I reach the entrance of the shop. Creamy white trim outlines large, glass window panes beyond which one can glimpse into the interior of the Midnight Rooster. Framed photographs, some color depictions African tribal members and others in black and white of derelict shacks and barns, adorn the gently-hued walls. Overstuffed armchairs and a black leather couch encompass a coffee table laden with New Yorker magazines and a chess board....   [tags: small business, entrepreneur] 1578 words
(4.5 pages)
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A Humean Theory of Distributive Justice - A Humean Theory of Distributive Justice This paper suggests a strategy for constructing a contemporary Humean theory of distributive justice which would serve to ground what I call an entrepreneurial welfare state. It is argued that blending David Hume's insights about the origins and purposes of justice with Ronald Dworkin's insurance-based reasoning supporting his equality of resources model of distributive justice will yield a state which, as a matter of justice, encourages its members to engage in entrepreneurial activities and which protects them from the worst extremes of market economies....   [tags: Hume Dworkin Entrepreneur Papers] 3972 words
(11.3 pages)
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Exploring Career Options - It is best that every college student take the time to consider what career field to enter once finished with their education. Selecting what career path to pursue depends largely on the life experiences of the individual making the decision, and as to what their talents are best suited. I recently took the time to start examining my future career options as well as begin looking at my life experiences and interests to help guide my career decisions. We can all find the career that we will be happy with if we allow ourselves to give the decision the time and effort that it deserves....   [tags: Career Research, Entrepreneurs ] 1940 words
(5.5 pages)
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Characteristics of Entrepreneurial Venture - Schumpeter (1934) (cited in James et al. 1984) proposes five stages of behaviour, which are the characteristics of entrepreneurial venture: introduction of new goods, introduction of new method of production, opening of new markets, opening of new sources of supply, and industrial reorganisation. Fraser Doherty a young entrepreneur made his dreams come true when he set his own business of ‘Super Jam’ when he was 14 years old, using his Grand’s secret jam recipes. His goal was to make it healthier and better in taste than any other regular jams....   [tags: Entrepreneurs, Competitors, SWOT] 1486 words
(4.2 pages)
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Entrepreuer - Entrepreuer Entrepreneur, one who assumes the responsibility and the risk for a business operation with the expectation of making a profit, the entrepreneur generally decides on the product, acquires the facilities, and brings together the labor force, capital, and production materials. If the business succeeds, the entrepreneur reaps the reward of profits; if it fails, he or she takes the loss. Entrepreneurial leadership is vital to an individual and to a corporation?s success. Entrepreneurial firms are a major source of innovation and change....   [tags: GCSE Business Marketing Coursework] 329 words
(0.9 pages)
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Chinese Entrepreneurs in Singapore: Paths to Success - Chinese Entrepreneurs in Singapore: Paths to Success Due to the economic hardships and threat of Japanese invasion in China in the first half of the 20th century, many men left their homeland in search of success and opportunities abroad. One of the places that many of them migrated to was Singapore. This new and foreign place was fraught with obstacles; however, some of these Chinese men eventually achieved great success. The success of these Chinese entrepreneurs in Singapore was not only due to their personal determination, but it was also contingent upon their social ties, and the economic and political conditions....   [tags: Business and Management Studies]
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3673 words
(10.5 pages)
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Corporate Entrepreneurship - Corporate Entrepreneurship Corporate Entrepreneurship can be seen as the process whereby an individual or a group creates a new venture within an existing organization, revitalizes and renews an organization ,or innovates. Zahra’s(1986) definition of corporate entrepreneurship suggests a formal or informal activity aimed at creating new businesses in established firms through product and process innovations and market developments,whereas sathe(1985) defines corporate entrepreneurship as a process of organizational renewal....   [tags: Entreprenuer] 1273 words
(3.6 pages)
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Interview Of An Entreprenuer - Interview of an Entreprenuer I interviewed Hassan, co-owner of Road Star Motor Sports, because his business is extremely innovative and growth-oriented. The purpose of this interview was to learn the following: § how to identify a business opportunity § how to successfully launch a business § how to deal with perceived risks prior to start-up § how to solve problems encountered during start-up and over the lifetime of a venture BACKGROUND I was introduced to Hassan through a mutual acquaintance that knows I am truly fascinated by the ability to customize vehicles, but more specifically, expensive luxury vehicles....   [tags: Interview] 1271 words
(3.6 pages)
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Success Of An Entreprenuer - 1. Introduction Electronic commerce (e-commerce) is the process of buying and selling goods and services electronically with computerised business transactions using the Internet, networks, and other digital technologies. It also encompasses activities supporting those market transactions, such as advertising, marketing, customer support, delivery, and payment (Laudon, et al, 2000). In the past few years, the explosion of e-commerce has had a profound impact on business worldwide. The Internet marketer has a global reach because it eliminates obstacles created by geography, time zones, and location (Quelch, et al., 1996)....   [tags: Entrepreneurship Business e-commerce] 1626 words
(4.6 pages)
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What do you understand to be the concept of entrepreneurship and why - What do you understand to be the concept of entrepreneurship and why has it become such an important area of focus. Q2) What do you understand to be the concept of entrepreneurship and why has it become such an important area of focus. The concept of entrepreneurship is often viewed as a function, which involves the exploitation of opportunities, which exist within a market. Such exploitation is most commonly associated with the direction and/or combination of productive inputs. Entrepreneurs usually are considered to bear risk while pursuing opportunities, and often are associated with creative and innovative actions....   [tags: Economics] 1620 words
(4.6 pages)
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Reasons for Small Business Failure - Small businesses have been considered the mainstay in countries around the world. In many European countries for example, the small business has been considered crucial to the success and flourishment of the country in general. Most individuals start upon a small business venture in the hopes of realizing ownership, independent profits and personal success. Small businesses can prove extremely successful when planned properly. Studies suggest that several small businesses, however, close or fail within the first few years of operation....   [tags: Business Entreprenuer] 1669 words
(4.8 pages)
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Managing A Growing Business - There comes a time in the life of a growing business when you, as its founder and top manager, realize the company has taken on a momentum of its own. You influence it, certainly, but more and more you are swept by it.” – John Peterman Before looking at how an entrepreneur manages a growing business, it is first important to understand that as companies mature, they go through different stages and that in each stage,the entrepreneur will experience different problems. Thus an entrepreneur MUST be ready with the proper knowledge and skills to address these problems....   [tags: Business Management Entrepreneurship] 969 words
(2.8 pages)
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A Free-er Enterprise - Welcome graduated business student to the unemployed masses. After four to six years in college, some money is in order, right. Sure the easiest way to increase that cash flow would be to join a corporation like Dell or General Motors. However with Michigan’s current job market that just is not feasible. By now ever student knows that the higher the risk the bigger the opportunity for success or failure. One must set their standards above the norm and journey into the wild world of the entrepreneur....   [tags: Entrepreneurship]
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1821 words
(5.2 pages)
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Entrepreneurship and Success - I believe that being Entrepreneur is an American dream; who would not want to choose their own hours and have a successful business that they could leave behind as a legacy. I also believe that they are very few people that have the skills and qualities to be successful at achieving entrepreneurship; this is partly due to many Entrepreneurs lacking the skills to build around their vision. I thinks that’s why some people believe that entrepreneurs are born and not made, for it is indicated in our assigned reading Entrepreneurship 8th Edition, that the working definition of acquiring and maintain Entrepreneurship is described as ““Entrepreneurship being in the process of creating something new with value by devoting the necessary time and effort; assuming the accompanying financial, psychic, and social risks and un- certainties; and receiving the resulting rewards of monetary and personal satisfaction.” (Hirsch Robert D., 2009)....   [tags: Entrepreneurship]
:: 3 Works Cited
885 words
(2.5 pages)
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Self-Employment - Self-Employment Today large companies are downsizing and reengineering with much more frequency, and it would appear that the trend has become one of people starting their own business. An interesting statistic stated that in the United States a new small business is started every 11 seconds; (of course many do fail, but they are started all the same). (Sullivan) We must also keep in mind that starting a business and being self-employed are not always one in the same-as this paper will examine in more detail....   [tags: Jobs Businesses Papers]
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3927 words
(11.2 pages)
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Who You Know is as Important as What You Know When Starting a New Business - Starting a new business is a daunting task for any new entrepreneur. The challenges and trials that will be faced by any aspiring entrepreneur are vast and they range from the predicted to the unpredicted. No matter how tough a challenge can be, it can be faced with the right tools. Who you know and what you know are vital pre-requisites to have for any prospective business person. Who you know is defined in context as your network of connections. The Oxford Advanced Learner’s Dictionary (1995) defines network as a close group of people or companies....   [tags: Business Management ]
:: 9 Works Cited
1183 words
(3.4 pages)
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The Myth of The Robber Barons by Burton W. Folsom - The Myth of The Robber Barons by Burton W. Folsom "The Myth of The Robber Barons" by Burton W. Folsom, JR. tells a unique story about entrepreneurs in early America. The book portrays big businessmen as being behind America's greatness. Folsom explains that there are two kinds to entrepreneurs, market entrepreneurs and political entrepreneurs. He also states "no entrepreneur fits perfectly into one category or the other, but most fall generally into one category"(1). According to Folsom, political entrepreneurs fit the classic robber barons mold (1)....   [tags: Papers] 527 words
(1.5 pages)
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The Impact of Entrepreneurial Characteristics on SME Performance - The Impact of Entrepreneurial Characteristics on SME Performance The Small and Medium Enterprises (SME) plays a very important role in the success & development of any economy. According to the SME policy 2007, “SME sector is the backbone of Pakistan’s Economy”. Globally, this sector is the major growing force behind the fastest growing economy of China, in term of contribution to the national GDP, scale of assets, diversification of products and the creation of employment. Similarly, the role of SME is well acknowledged in the other countries such as Japan, Korea, and all other industrialized economies in terms of economic development (Hand Book on Islamic SME Financing Islamic Banking Department, State Bank of Pakistan, 2009)....   [tags: Economics ]
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Entreprenuerial Leadership - Entrepreneurial Leadership Two entrepreneurial approaches I will reflect upon are profit-oriented and social-oriented entrepreneurs. I will describe these approaches through two entrepreneurs, Victor Kiam and Anita Roddick. Victor Kiam was what one would call a profit entrepreneur. This is “a person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business (Boone, Kurtz, 2011, pg.182). Anita Roddick, founder of The Body Shop, was a social-oriented entrepreneur....   [tags: Business]
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Small Business 101 - The small business marketplace is extremely dynamic and the changes are fast. Here are some encouraging facts from the US Small Business Administration on small businesses. There are about 30 million small businesses in the United States and employ just over half of the country’s private workforce. They employ a staggering 40% of high tech workers such as computer professionals, scientists and engineers. More than half of the small businesses are home-based businesses and two percent of them are franchises....   [tags: Business Management] 1481 words
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One More Accomplishment: A Masters Degree in Entrepreneurship - If I could accomplish one more thing, I would pursue my Masters Degree in Entrepreneurship, before the age of 23. There are many setbacks in college, and why most people don’t finish it, although, I will not let that get in my way; how I’m going to complete it will be difficult, and nothing is holding me back. There are many reasons why I want to get an Entrepreneurship Degree; I have been around Entrepreneur’s my whole life, and I have learned a lot from them, triumphs and mistakes. When I receive my Masters Degree there are several different things that I would have to do thereafter, for example, finding busy intersections, speaking, and getting to know important people in that area, and, of course, finding out lease information in the different chosen properties....   [tags: masters degree, education, ] 760 words
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Occupy Wall Street - The term “Moral Entrepreneur” was first coined by the author of the Outsiders Howard S. Becker. Becker categorized Moral entrepreneur into two categories: Rule Creator and Rule Enforces. Those that create rules are seen as “moral crusaders”, their main focus is persuading others to steer away from deviance and towards what they perceive as the norm. The Rule Creators are usually composed of upper class affluent individuals that are not mainly concerned with the means by which they persuade others to achieve their agenda....   [tags: Sociology ] 1332 words
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Innovation and Entrepreneurship in Developing Organizations - “Entrepreneurship is the process of creating or seizing an opportunity and pursuing it regardless of the resources currently controlled “(Bygrave 1989) The purpose of this paper is to identify the effects an intrapreneur might affect the development of an organisation and examine the affects which barriers might affect them in intrapreunship in an organisation. The areas what will be investigated and discussed will be • Corporate venturing • Intrapreneurs • Entrepreneurial management • Innovation Entrepreneurship is considered an individual or organisational level behavioural phenomenon, or a process of emergence (Gartner et al 1992)....   [tags: Entrepreneurship, Developing Organizations, busine]
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Foundations of Entrepreneurship - Foundations of Entrepreneurship An entrepreneur is an individual that takes the risk of investing his or her money into an idea, product and/or service. These individuals usually have “do or die” attitudes. The typical characteristics of an entrepreneur are viewing rules as mere guidelines, low threshold on frustration; they can be very manipulative of others. Another facet they exhibit impulsive behaviors and they are prone to take action. The primary motivation for the entrepreneur is the ability to master his/her destiny and to the have to ability to do something they really enjoy....   [tags: GCSE Business Marketing Coursework] 1772 words
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Small Business Management: Childs Pay - This article was about owners of small businesses and how they compensate their children who are also involved in the family business. This article contained significant points. Three significant points that this article made were about over compensating, market rate, and what is expected of the children to run the family business. Over compensating may and may not be a good thing. It may be good in helping an entrepreneur improve their business because the child might think that since they are getting paid more, that more is expected of them....   [tags: essays research papers] 356 words
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The Entrepreneurial Sequence - The Entrepreneurial Sequence It can be argued that entrepreneurship is the backbone of our technological society, and keeps reinventing the way business is done. Each new company provides a different perspective as to how business should be handled. They also provide a very large portion of the new products that change the way we live our day-to-day lives. However, due to the risks involved in starting a new company it takes a certain "entrepreneurial spirit" to successfully launch a new business....   [tags: Papers] 1066 words
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How can a company develop an entrepreneurial culture? - How can a company develop an entrepreneurial culture. Corporate culture can help to bind together members of the team as they internalize the values of the particular corporate culture. Individuals entering the enterprise for the first time are initiated into the culture in various ways, sometimes through a deliberate programmed of induction, and persuaded to identify with this culture which then influences their behavior. As a consequence, all will act in the desired way regardless of and in the absence of any sanction or incentive....   [tags: Corporate Culture] 769 words
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Entrepreneurship - Entrepreneurship There have been numerous attempts to define the traits or characteristics possessed by entrepreneurs. However, there is low correlation between trait measures and performance (Chell, 1985). Explain why this may be the case. Peter Drucker (1985) states in his article, "A Prescription for Entrepreneurial Management", "Leadership does not necessarily mean bigger; it means being accepted as the leader, recognized as the standard setter. Above all, it means having the freedom to lead rather than being obliged to follow" ....   [tags: Papers] 2194 words
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Entrepreneurial Leadership - Discuss the common elements described in the theories/philosophies of Case, Kouzes, and Drucker including how their principles/strategies relate to the new definition of entrepreneurial leadership presented in Understanding Entrepreneurial leader ship in today’s Dynamic Markets. The new definition of entrepreneurial leadership is one of an enterprising, transformational leader who operates in the dynamic market that offers lucrative opportunities. It is also believed that the entrepreneurial leader has the following transformation leader dimensions....   [tags: Leadership ]
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The Relevance of Having a Provider That's Experienced in SEO Basics - Business people nowadays are quite knowledgeable of search engine optimization and the SEO basics as well as the great and important things they present to websites. The degree of acceptance has encouraged countless online business proprietors to take advantage of the world wide web as a means for these people to market their own goods as well as expert services. They are enormously aware that there are a huge number of people who make use of the Internet every single day. A good and considerable proportion of such individuals are attempting to obtain matters they need to learn a lot more about....   [tags: Information Technology ] 1272 words
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science - I dont have a paper that is why i am here setter. Above all, it means having the freedom to lead rather than being obliged to follow” (p.36). In looking at these definitions it can be seen that there are many different types of leadership. Several examples might be transformational, charismatic, and entrepreneurial leadership. Entrepreneurial leadership is vital to an individual and to a corporation’s success. Entrepreneurial firms are a major source of innovation and change. They create jobs, new tax revenues, and other transfers of money....   [tags: essays research papers fc]
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Entrepreneurship and Need of Achievement - Risk-taking is one of the chief dimensions of entrepreneurship. Entrepreneurs are found to be more risk takers than the managers and salaried employees, such that, they are willing to put their homes on mortgage, jobless and can work for years without any earning (Burns, 2011; Masters & Meier, 1988). According to (Moore & Gergen, 1985), entrepreneurs always take calculate risk and always analyse the situation. Cognitive Psychology supports that the risk taking ability is just limited to their area of expertise (Sjöberg, 1978, Heath & Tversky, 1991)....   [tags: Risk-Taking, Creativity] 580 words
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Life as a Disney Imagineer - Throughout life one takes countless journeys and comes to appreciate new experiences and life lessons. Being raised to understand how to value a dollar and what a dollar is worth gave me insight into the world of finance. Therefore, there is no inquiry why finance caught my attention. For four years I have studied hard to comprehend wealth, currency, financing, and funding through my education of receiving degrees in Finance and Accounting. However, I by no means wanted an occupation where one consistently does the same task on a daily basis with no space for growth....   [tags: Career Ambition ] 916 words
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Marketing Research Tools - Marketing Research Tools Before launching or expanding a business venture, there needs to be an understanding of the industry, its competitors, and its customers. Market research is vital in assisting companies in the decision-making process and their marketing direction. Data from marketing research is important because it provides companies with ways to identify opportunities, identify market potential, minimize chances of loss, devise effective marketing strategies, gauge customer satisfaction, and serve as an evaluation tool....   [tags: Market Research ]
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Impact of Women Entrepreneurship on Women Empowerment - 1.1 Background Women in Pakistan face several challenges due to their economic, social, and cultural status. They constitute 52% of the total population of Pakistan but unfortunately, they function from a subordinate position inherit in both traditional and state institutions. The Gender-Related Development Index (GDI) helps us to understand gender inequalities and its connection to vulnerability, particularly inequalities between men and women. When this measure is taken into consideration, Pakistan ranks 152 of 155 countries which show greater gender disparity....   [tags: Women's Rights]
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The Keys to Entrepreneurship - The Keys to Entrepreneurship What makes a successful entrepreneur. What can one do to put oneself in a position to succeed on their own. Jay Goltz, for example, is an extremely successful entrepreneur who started his business from the ground up. In the summer of 1978, Jay Goltz founded the Artist’s Frame Service. His business started by using his father’s basement as his office, but eventually moved to an old factory district in Chicago. Today, Goltz’s business in the largest retail, custom picture framing facility in the United States, with over 120 employees and more than $9 million in sales....   [tags: GCSE Business Marketing Coursework]
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Savvy Entrepreneurial Firm - Savvy Entrepreneurial Firm Starting a business requires many factors to be successful. The desire to be one’s own boss, pursue one’s own idea or for financial rewards; all must be done with savvy and persistence. Failure should not be an option but a learning process that guides future decisions. We see in the case of the Savvy Entrepreneurial Firm the tenacity and persistence against all odds to survive and be successful because the entrepreneurs were passionate and believed their product would improve the everyday lives of individuals....   [tags: Business Analysis]
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Culture of Entrepreneurship - Culture of Entrepreneurship Developing a culture of entrepreneurship within an organization can be a very important factor with the potential growth in an organization. There are many factors that can be accomplished by having a state of the art internal entrepreneur system established. One is obviously the development of new ideas. The new ideas that come along can be a turning point for the whole organization. If there is one good idea it could set the company apart from the competition drastically....   [tags: essays research papers] 770 words
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MBA Admissions Essay: Harvard, and Nowhere Else - Having worked on both small and large scale internet ventures, as well as in traditional brick and mortar enterprises, I have truly fallen in love with the entrepreneur world of business. I have been the CEO of my own smaller companies and have been an integral part of large scale operations. My professional goal is to become the most effective entrepreneur and manager I am capable of becoming. My sample set of experiences has been both wide ranging and engaging, but a Harvard Business School education will serve to hone my skills and sharpen my ability to think....   [tags: MBA College Admissions Essays] 249 words
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Small Business Management - Essay Plan 1 Definition of smaller enterprises There are various definitions of smaller enterprises provided from different times and areas. One of the earliest definitions was provided by Bolton Report (1971), which has indicated that a small enterprise should meet three criteria: independent (not part of a larger enterprise); managed in a personalized manner(simple management structure); relatively small share of the market(the enterprise is a price ‘taker’ rather than price ‘maker’). There are also quantitative definition of the smaller enterprise in terms of measurement of the assets, turnover, profitability and employment from different sectors and countries (Bolton, 1971)....   [tags: Business Administration]
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Innovation and Knowledge - For centuries now the subject of innovation has given ground for much discussion and debate. In its wider context economic historians and sociologists have theorised and argued its contribution to economic growth and society in general, nevertheless, many have termed innovation as the ‘engine of growth.’ Therefore, to appreciate the extent of benefit that innovation can offer business this introduction begins with some of these theories. Famous names such as, Karl Marx, Joseph Schumpeter, and Nicolai Kondratieff respectively, which are seen by many as experts in their field have all, in their own manner, cited innovation and technological progress as the stimulus for economic growth....   [tags: History, Marx, Schumpeter, Kondratieff] 1755 words
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Supplier Development Programs - With an evolving and highly competitive market, firms are seeking more innovative ways to create value and improve efficiency. Historically firms have tried to improve internal processes through housekeeping but in the recent past this have changed and attention has centred on the management of the firm’s supply activities. Open markets and a “flat world “as Thomas Friedman (2005) explains, has seen many new entrepreneurs boom with business ideas that step aside the conventional methods of business....   [tags: business strategy] 1359 words
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Financial Management - Financial Management Introduction ============ Every organization, irrespective of its size or ownership pattern, has to manage its finances. The overall objectives of an organization cannot be achieved in the absence of financial management. Many organizations fail in their objectives because of financial mismanagement and this failure rate is quite high among the small business enterprises. Hence, financial management is vital for all types of organizations, profit making as well as non-profit making....   [tags: Papers] 2180 words
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How To Succeed In Business By Breaking All The Rules - How To Succeed In Business By Breaking All The Rules In How To Succeed In Business By Breaking All The Rules it states that to succeed in business one must be able to use an unorthodox style which allows that person to break free from ancient ways of thinking and be able to use new ideas in developing entrepreneurial and business skills. One way this will be proven is to look at how positive thinking and motivation hamper people in making tough business decisions. Secondly, this will be proven by examining the education system, and showing that one does not always need a university education to perform in a business environment....   [tags: essays papers] 1759 words
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Developing Corporate Culture - Developing corporate culture can help to bind together members of the team as they internalize the values of the particular corporate culture. Individuals entering the project for the first times are initiated into the culture in various ways, sometimes through a planned programmed of induction, and identify with this culture which then influences their behavior. As a consequence, all will act in the desired way regardless of and in the absence of any sanction or incentive. However neither is necessary in an enterprise with strong corporate cultures....   [tags: Business Management] 724 words
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South African Entrepreneurial Activity - What does being an entrepreneur entail. There are a few well known and accepted definitions the world over. The main points to consider are creating or realizing opportunities to change and improve, to think, reason and act and one who organises, manages and assumes the risk of a business enterprise. You will need to convince at least one person that the idea will work and that there is a need for the opportunity. Entrepreneurs need to have some form of backing whether it be personal savings, a loan from an institution or an investment from the relative party....   [tags: Business Administration]
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