The Entrepreneur is, “an individual who takes initiative to bundle resources in innovative ways and is willing to bear the risk and/or uncertainty to act” (Hisrich, 2013). The entrepreneurial process is unique onto itself; for it does not merely involve the taking of tremendous risks, but also evokes some of the most creative and innovative characteristics of the individual. This dynamic process pushes the aspiring entrepreneur to his/her limits in a quest to take full advantage of particularly identified available opportunities in the marketplace. Among the entrepreneur’s objective is to adopt and effectively implement processes and procedures which would grant him/her the ability to meet the needs of potential customers. Furthermore, as the entrepreneur toils away in an effort geared towards creating something new or adding value to a product or service; the ultimate goal is the success acquisition of significant wealth. For the aspiring entrepreneur there are various successful examples of “Corporate Entrepreneurship” which can serve as sources of motivation. Some of these Corporate Entrepreneurships include: Hewlett-Packard Company, Microsoft Corporation, Apple Inc, and Dell Computers Inc.
In 1934 Bill Hewlett and Dave Packard graduate from Stanford University; shortly thereafter Packard takes up duties working for General Electric Schenectady, New York while Hewlett completes graduate work at MIT and returns to Palo Alto, California (Hp Garage Timeline, 2014). During 1937/38 Bill Hewlett and Dave Packard join forces having their first official business meeting and embarking on developing HP’s first product, an audio oscillator. Between 1939-1940 Hewlett and Packard formalize their partnershi...
... middle of paper ...
Hisrich, R. (2013). Entrepreneurship. New York: McGraw-Hill.
Hp Garage Timeline. (2014, Feburary 23). Retrieved from Hp Garage Timeline: http://www8.hp.com/us/en/hp-information/about-hp-garage/hp-garage-timeline.html
HP people. (2011, October 31). Retrieved from Hp.com: http://www.hp.com/hpinfo/globalcitizenship/media/files/hp_fy11_gcr_hp_people.pdf
Microsoft. (2014, Feburary 23). Microsoft. Retrieved from Microsoft: http://www.microsoft.com
Moorhead, P. (2014, Feburary 23). Forbes. Retrieved from Forbes: http://www.forbes.com/companies/hewlett-packard/
Postley, J. (2005, November 10). How Microsoft Works. Retrieved from howstuffworks: http://www.computer.howstuffworks.com/microsoft3.htm
Success. (2014, Feburary 23). Retrieved from Sucess: http://www.success.com/article/from-the-archives-micheal-dell
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Dictionary.com defines an entrepreneur as “a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.”(Dictionary.com) Entrepreneurs are people who see opportunities in everyday situations. Entrepreneurs discover opportunities in areas others do not. Entrepreneurs additionally envision the possibilities the future brings that others do not recognize. Similarly, Dictionary.com did a good job in defining what an entrepreneur is. Again, dictionary.com describes an entrepreneur as “a person who organizes and manages “any” enterprise, especially a business, usually with considerable Initiative and risk.” (Dictionary.com).... [tags: entreprenurial opportunities]
1375 words (3.9 pages)
- The main point of this paper is to critically analyse the Entrepreneurial Process in the health care industry. It has been obviously stated that entrepreneurs will apparently come across distinctive challenges in imminent refreshingly new favourable conditions. Relatively, the illustration of this paper is on the acknowledgement of the problem which differentiates the entrepreneurs strive for opportunity while emphasising on decision-making, ambiguity and information irregularity. Finally, in sequence to the entrepreneurs’ advantageous chance in health care nexus is the differentiation in decision-making practice under ambiguity and besides, information one-sidedness.... [tags: Health Care]
854 words (2.4 pages)
- Sir Alan Sugar famously once said regarding entrepreneurship and entrepreneurial skills “The entrepreneurial instinct is in you. You can't learn it, you can't buy it, and you can't put it in a bottle. It's just there and it comes out” (Mail online, 2010). Surprisingly enough this is a view not shared by everyone. Whilst it cannot be denied that entrepreneurs are all ultimately unique in some way empirical evidence suggests that they all do share some common characteristics and skills, some of which can be taught (Colette, et al., 2005).... [tags: entrepreneurship essays]
1399 words (4 pages)
- The United States had been the world’s leading producer of paper until it was overtaken by China in 2009. The paper industry is dominated by North American, Northern European and East Asian countries. Paper is discovered by the Chinese 2000 years ago, it has been used ever since as a communication medium. Paper is always around with people and paper is actually documenting the world. It plays a vital role as a passport to knowledge, a storage medium, a persuasive tool and an entertaining art form.... [tags: Process Essays]
1057 words (3 pages)
- Scores of composition instructors agree that writing should be taught as a recursive process, rather than a liner process, and they also agree that most writers employ certain writing strategies as they produce drafts. Sandra Perl’s article, Understanding Composing” shares these beliefs because she states: “writing does appear to be recursive, yet the parts that recur seem to vary from writer to writer and from topic to topic” (142). Perl explains that throughout the writing process, writers employ a “forward-moving action that exists by virtue of backward-moving action” (141).... [tags: Education, Recursive Process]
988 words (2.8 pages)
- What are the five steps in a process costing system to assign costs to units completed and to units in ending work in process. Process costing is a management accounting function. Business owners use this function to accurately calculate as well as to apply the business costs for producing specific types of goods. Process costing provides costing system for homogenous goods , which usually have little differentiation from one item to the next item. Paper, petroleum, chemical, textile and food processing industries generally use process costing.... [tags: Process Accounting]
706 words (2 pages)
- 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]
1108 words (3.2 pages)
- 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 ]
1587 words (4.5 pages)
- America needs help. In the midst of one of the worst recessions this country has faced, job creation is the primary focus of many people. Currently there are more than 13 million Americans without a job, and while the unemployment rate has dropped a few percentage points in the past few months, part of the drop can be attributed to people giving up the search for a job. The government has tried stimulus packages and bailouts, but saving jobs from being cut is not enough. New jobs need to be created, and the best way to create new jobs is to start new businesses.... [tags: U.S. Government ]
1077 words (3.1 pages)
- 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 (3 pages)