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Characteristics of an Ideal Entrepreneur - ... It is good to understand that the unpredictable dynamics of nature may reward or punish and that these cases can have equal chances of occurring. Therefore, laying the foundation is just not enough. What should follow is a tireless hands-and-brains¬-to-work session hand in hand with overlooking the various frustrating setbacks around. Authority to mobilize one’s employees and supervision is an added advantage where the goal is to achieve a flawless continuity. The above description does not aim at complicating the practice nor make it appear difficult to practice but to make one understand the qualities within him or her which need perfection....   [tags: Entrepreneur ]
:: 8 Works Cited
1955 words
(5.6 pages)
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Entrepreneur - ... Hansemark (1998) argued that the need for achievement for an entrepreneur is based on an achievement motive to perform better than their previous performance or a need to be better than other that were before them. This motive can be learnt and it can be seen as an expectation. McClelland revealed one of the characteristics common in achievement motivated people are the desire for job relevant feedback i.e. how well one is doing. This is exhibited in Victoria who as the boss of her firm encouraged feedback from her employees on her performance in order to improve the person and set her sights on high but obtainable goals and vice versa for her employees....   [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 - ... The financial plan or forecast is a crucial part of the business plan that most venture capitalist and angel investors look for. It comprises of three main parts: the balance statement (which summarizes a company’s assets, liabilities, and shareholders’ equity at a specific point in time), the income statement (estimates the profit made and lost during a fixed period of time), and the cash flow statement (reflects the estimated amount that will flow into and out of the company during a fixed period of time)....   [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]
:: 1 Sources Cited
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 - ... From what you have since learned about the history of economic theory, why do you think this occurred. Marshall believed that marginal utility theory (supported by Jevons, Menger, and Walras) was only a portion of what was necessary to appropriately determine value. Thus, he attempted to merge the ideas of the classical economists and the marginalists and asserted that his work successfully synthesized what was valid in each of the two schools of thought. Marshall, however, also claimed to be specifically developing the Ricardian theory of value....   [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 - ... With almost no money available to personally invest in advertising, Mr. Landon had to rely on alternative ways of promoting the LGBTQ bar night dubbed Stir. With the help of online social media sites such as Facebook, Twitter, and MySpace, Mr. Landon was able to create free webpages dedicated to new and upcoming LGBTQ events in the triangle area. Already having a large collection of friends on Facebook and MySpace, Mr. Langston was lucky because in only one click he was able to target his niche market, LGBTQ students, residents, and allies in the greater triangle area aged 21-28....   [tags: Business Entrepreneur Essays]
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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 - ... Originally, clay tiling to match the brown brick masonry lined the roof of the attic and tower. Since then, it has been replaced with copper that has rusted to make a sea foam green color. There are also carvings below the pinnacle on the brick illustrating animals, human heads and designs popular to the Romanesque style. Gargoyles can be seen sitting above the circle drive looking to scare away any trespassers. Everything has detailing, from the leaves on the columns to the stone work on the front façade....   [tags: Entrepreneur ]
:: 3 Works Cited
2159 words
(6.2 pages)
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The Great American Inventor - ... In 1859, Edison persuaded his parents into allowing him to work on the local railroad, Grand Trunk Railroad, running between Port Huron and Detroit by selling newspapers, snacks, magazines, and candy. Similarly, he produced income by selling fruits and vegetables. With his interest in the Sciences, he began performing chemical experiments in a baggage-car laboratory. In 1862, Edison was responsible for successfully publishing the first newspaper ever to be printed on a moving train, "The Weekly Herald." One day, an accident arose where a couple of chemicals mixed and caused a fire to ignite ultimately, blowing up the cart....   [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]
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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 - ... In a gender study (Goffee and Scases, 1985, cited by Dyer, 1993) it was found that the orientation women give their business careers has a profound impact on their lives. The women studied varied their career orientation depending on how they perceived their roles in relation to their families and work. Women who prioritized their family tended to organize their business around the family needs and activities. Those who prioritized their business worked away from home and were "married to their business." Family needs were subordinated to the business....   [tags: Gender Studies]
:: 15 Works Cited
1317 words
(3.8 pages)
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Entrepreneurial Revolution - ... The result showed that there is a positive relationship between the two where the number of job rate increases when the number of entrepreneurs increased. In Malaysia entrepreneurship course was started to be introduced in some universities in mid 90’s (Cheng et al.d, 2010). Then in 2007, Ministry of Higher Education made a policy that entrepreneurship course became a compulsory subject to all students in the universities irrespective of whatever faculties ,to encouraged more development of entrepreneurs from the university(Ministry of High Education Malaysia, report 2010)....   [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 - ... There are many businesses where creating wealth is possible. However, there is a downside of entrepreneurship as well. Your life may lack stability and structure, your ability to take time off may be highly limited, and you may become stressed as you attempt to manage cash flow with one hand and expansion with the other. It is important to be well informed and understand what is and is not realistic. The internet is full of all kinds of frauds promising to make people rich beyond their dreams....   [tags: Career Research, Entrepreneurs ] 1940 words
(5.5 pages)
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Characteristics of Entrepreneurial Venture - ... Greiner (1972) (cited in Burns, P. 2007, p210) growth model shows that small firms face four phases of growth crisis. Phase one is where constants seeking out of new opportunities and development of innovative way of doing thinks leads to crisis of leadership. Staff, financiers and customers may find it difficult to understand the focus of the business. Phase two is where entrepreneur have a strong locus of control, which means that there is a danger that they will be unable to delegate responsibility to their management team....   [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
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Entrepreneurship and Success - ... “Lisa Price began her business by hand-mixing personal care products for women of color in her Brooklyn, N.Y., kitchen in 1994. Along with marketing guru Steve Stoute, Price annual sales was said to exceed $30 million. Two years after signing an investment deal with a group of Hollywood's brightest stars - including Will Smith, Jada Pickett Smith and Shawn "Jay-Z" Carter - the brand now has freestanding locations from coast to coast, a booming business at Sephora and has entered Macy's. Now the brand has upped the ante considerably by tackling the highly competitive and financially problematic world of color cosmetics....   [tags: Entrepreneurship]
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885 words
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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 - ... A good group of networks allows individuals to pick up the right habits and values from the more experienced individuals and this can only create a positive feedback for the person when starting a new business. It is essential that one rubs shoulders with the right people prior to starting a new business. It is our networks that make the difference between success and failure. ‘Knowledge is power’ (Bacon, 1597) and this equips the tools for starting a new business. The knowledge procured through studying fulfills the theoretical aspect of learning and it is through the application of theoretical knowledge that gives the trump card in the business world....   [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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2395 words
(6.8 pages)
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Entreprenuerial Leadership - ... Some people say, ‘At the end of the day, I’d like to be able to look back at what I did and feel good about it and myself.’ If you can be proud of what you did whether you had success or failure, then you can go on to greater success in the future. The only things that I have regretted were when I didn’t try things. I have never regretted trying and failing. I have regretted looking back and not trying. And that’s the secret to success – to keep on trying” (www.sellingpower.com, unknown). Additional business principles of Victor’s were that he was open to making mistakes and learning from them with a positive attitude....   [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 - ... This group decided that on September 17th 2011, they would hold their demonstration at the Zuccotti Park near the Wall Street financial district. The purpose of this demonstration was to draw attention and combat the issue of socio-economic injustice, high unemployment, corporate greed, and the influence of corporations and their Institutionalization of deviance—especially in the financial sectors. The OWS cause was spread through social media such as Facebook, Twitter, and internet groups like Anonymous utilized social media by releasing statements to "flood lower Manhattan, set up tents, kitchens, and peaceful barricades and occupy Wall Street" (Anonymous par....   [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 - ... This is where you tell the people that are following you “thank you”, while taking the time to acknowledge your followers hard work (Kouzes 2008). Drucker focused on respecting the worker and believed that employees were assets instead of liabilities (Drucker 1999). Case believed that you could change the world by investing through the prism of not-for profit, philanthropic organization (Case 2010). Self confidence- Drucker is quoted to say, “Without self confidence, they are weak leaders” (Drucker 1999)....   [tags: Leadership ]
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The Relevance of Having a Provider That's Experienced in SEO Basics - ... Be sure to examine the solutions coming from various companies. It is an essential step in choosing a provider who has the ability to offer what you need to have. A number of companies present their own alternatives at cost-effective costs whereas other folks are usually on the extravagant end. Know about the deals provided by these firms. You will not choose to get a long-term contract along with a provider which will not yield success during the required span. Consequently, make certain that the contract is worthwhile to you....   [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 - ... According to Begley and Boyd (1987), those who have founded their own companies had a higher need for achievement than non-founders or owner managers. Also, (Stewart et al., 1998) responded that need for achievement is higher in entrepreneurs than the corporate manager and owner managers. Need for Achievement is usually high in entrepreneurs than the general population. It provides them with motivation to go ahead and achieve their next target easily. Entrepreneurs showing this tendency usually are good planners, sets their goals, always look for information and learning (Miner, 2000)....   [tags: Risk-Taking, Creativity] 580 words
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Life as a Disney Imagineer - ... My ultimate profession(s) would be to be an entrepreneur, chief executive officer, and president of my own company where I could create, design, and develop theme parks. My ultimate objective is to develop a thriving company that constructs theme parks where guests come back year after year. However, if for certain reasons this should not occur I would then want to be an Imagineer for the Walt Disney Company. The vision I perceive for myself in five years is working with numerous individuals in creating, developing, opening, and running the first theme park in Fresno....   [tags: Career Ambition ] 916 words
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Marketing Research Tools - ... Secondary Market Research Prior to conducting primary research, companies should first obtain secondary data from all available sources that pertain to the interests of the subject. Companies conducting secondary market research focus on collating sections of research assembled by others. This type of data may come from such sources as the United States Census Bureau and Department of Commerce as well as from “industry and trade associations, labor unions, media sources, and so on” (Entrepreneur Media, Inc....   [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 - ... The firm creates investment structures and assists clients in understanding the complexities of art as investment. They create (1) separately managed art investment accounts, (2) structure& implement multi-investor art funds, (3) establish & oversee private investment partnership(PISs)& family limited partnerships(FLPs), (4) maintain ongoing analysis of the art fund industry, (5) conduct art fund due diligence prior to capital commitments. Both in creative art industry, and get involved in art trade, while they differ in size, services, management, and company strategies, etc....   [tags: Business Administration]
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Innovation and Knowledge - ... The Design Council - The Creative Conundrum (2006). It would seem then that innovation applied to a business, to leverage company growth, create, and sustain a competitive advantage, and least of all for company survival can be expected to be worthwhile. What is more, it appears that over the last decade in particular more and more businesses seem to have realised the benefits innovation can bring, (Design Council’s design industry five year-survey 2005-2010 reported an increase in UK design engineers of 29%, and that despite the recession)....   [tags: History, Marx, Schumpeter, Kondratieff] 1755 words
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Supplier Development Programs - ... Dubois and Pedersen (2002) argued that Kralijic matrix can be counterproductive by providing recommendations to exploit power or avoid risk associated with supplier’s exercising their powers. Considering the highly complex business structures that span different geography’s and cultures a simple recommendation form this model cannot suffice the overall judgement. Adapting Kraljic into modern strategic supply chain environment: Recommendations and suggestions. As much as I agree and use Kralijic matrix, to be used as a base line for supply chain decisions, personally I concur with Melnyk, et al., 2010 that “outcome driven” supply strategies are more affective in today’s business world....   [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 - ... Access to finances became much harder to obtain and therefore much harder to get the start-up capital someone would require. It is not very easy to get funding for Small and Medium Sizes Enterprises (SME’s) in South Africa. The fact that consumer spending has taken such a huge downturn did not help the cause. It showed its sharpest decline in 24 years (News, 2010). A big portion of entrepreneurial activity in SA is in the consumer services sector; this would have a significantly negative effect on the opportunities for new ventures and entrepreneurial activity....   [tags: Business Administration]
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