Introduction
At the mercy of the development of the society, the development of the enterprise is more and more quickly. Meanwhile, the competitiveness among enterprises becomes larger than before. Why some companies can world-famous? What is entrepreneurship and why it is relevant to start-ups and established firms is my topic. I will use some famous company's examples to illustrate this topic.
Definition of entrepreneurship
Bushnell said. "Not tomorrow. Not next week. But today, the true entrepreneur is a doer, not a dreamer."(Chad Brooks, 2012)
The following are some of the analysis of entrepreneurship.
1. Innovation is the soul of entrepreneurship
From product innovation to technological innovation,marketing innovation and organization innovation ,they are all the wisdom of the entrepreneur,some companies face slower growth ,because the leaders lack of innovation about their productions.
2. Adventure is the nature of entrepreneurship
The result of the adventure have two parts,one is successful,the opposite is failure. you will never be 100 % sure it will work, but you can always be 100 % sure doing nothing won’t work,so get out there and do someting.
3. Cooperation is the essence of entrepreneurship
Cooperation is very important point,this cooperation not only limited with suppliers and partners,is also depend on cooperation with customers and employees.
4. Dedication is the power of entrepreneurship
Success is achieved by hard work. These entrepreneurs would have all succeeded through careful planning,perseverance and good organization skills.
5. Learning is the key to entrepreneurship
Whether the enterprise success or not, need to keep learning, knowledge is infinite, to absorb the merits of outstanding enterprises, ...
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...mine. He wants to build a company that specializes in doing the Internet. He decided to cooperation with he's Seattle friends, with a world's first B2B e-commerce model ideas, and named chiinapage.He return home and introduce to he’s 24 friends, but the result ,only one person said you can try. Finally, he decided to do, even if 24 people are against, but he also want to try.
Many people want to start-ups, but they gave up just because things are hard, Ma succeeded, he is an innovative leader, constantly trying new things, so whether the enterprise success, the innovative is important, a good idea can make your own enterprise stand out in the same industry. Just like Coca-Cola Company, because innovation, make the syrup and carbonated water together, it made cola is popular all over the world.in addition to the innovation, the opportunities are equally important,
Have you ever wondered what it takes to be successful? Some people are not born into success or wealth. Many successful entrepreneurs had a vision they turned into reality. Samuel Truett Cathy is one prime example of a man who lived out his convictions. An inventor of the beast-of-chicken sandwich, mall counter service in the days before food courts and Sunday closing as a policy, Truett Cathy celebrated his 80th birthday in 2001. Many might think of him as a true modern-day role model and hero. Some sees him as the Chick-fil-a man. From his book “It’s Easier to Succeed than to Fail”, Cathy represented a real-life case history showing that a determined and energetic entrepreneur can overcome anything. Cathy stated, “ The secret to success is not secret at all. It is very obvious, but we are too often blinded to the truth.” (Cathy, p. 191)
In order to survive in the competitive environment of today’s business world, it is imperative for organisations to cope with uncertainty and unrest. The strategies pertaining to survival /coping are the result of accumulated/ acquisition of new knowledge that occurs through learning (Bhaskar & Mishra, 2014). An organisation’s ability in learning, applying and spreading new insight has been persuaded as the fundamental strategic capability (Fiol & Lyles, 1985). Bontis et al. (2002) noted that in order to continue to exist in today’s complex environment, organisations must learn efficiently and effectively. The rate at which individuals and organisations learn is the leading source of competitive advantage (Stata, 1989). Thus, learning is pondered
“There is no one definitive profile of an entrepreneur. Successful entrepreneurs come in various ages, income levels, gender, and race. They differ in education and experience. But research indicates that most successful entrepreneurs share certain personal attributes, including: creativity, dedication, determination, flexibility, leadership, passion, self-confidence, and smarts." (Principles of Entrepreneurship)
Conclusion: In conclusion, as Steve said "I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance" that the secret of success. The person who wishes to success, he should recognize his weakness and formulates a plan to overcome them and he must have a clear goal for life. What's need is an idea put into action followed with proper planning and persistency.
entrepreneurial potential in their respective markets, they neither have the time nor the resources to
"Entrepreneurship is the ability to create and build something from practically nothing" (Timmons 1). Entrepreneurs should be admired more than anything for
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. Corporate Entrepreneurship has emerged as a much needed ingredient contributing towards the growth of any organization under a changing business environment.
Entrepreneurs are a very, or perhaps the most, important boost in our economy. An online article by Bryan Tracy, believes that in order for a country or civilization to be successful, they need to inject entrepreneurial “activities” into their culture and economy in order for them to accomplish financial and security stability. In this research I would try to define entrepreneurship and perhaps establish a better understanding of whom an entrepreneur really is and what they do to keep our economy working. I would also discuss the impact and importance entrepreneurs have on our society. Entrepreneurship is not an easy field to understand and master. One of the obstacles top universities face today is accepting the fact that teaching students with real life experiences is more valuable rather than just preparing them with business administration courses. I will use this research to deeply analyze the lack of good entrepreneurial courses in most colleges.
Nowadays, entrepreneurship becomes most popular career, where our government encourages our graduated student to involve in business so that unemployment will not happen in our country. Policymakers, academics, and researcher agree that entrepreneurship is a vital route to economic advancement for both developed and developing economics (Zelealem et al., 2004). Entrepreneurship has many types for example small business and others. Today small business, particularly the new ones, is the main vehicle for entrepreneurship, contributing not just to employment, social and political stability, but also to innovation and competitive power (Thurik & Wennekers, 2004).
We learned a lot of things in this course, but I think the most important lesson I learned is that it’s not easy to be an entrepreneur. I was surprised to hear in the first class that 80% of startups fail, but after reading The Art of Start and E-myth Revisited I understood why this happens more often than one might expects. Some people start their own businesses for the wrong reason and some start with wrong mindset. I’ve always thought that if someone has a brilliant business idea and hardworking they will succeed and grow their business. However, now I know that there are many things to consider before starting any business. In fact, there are many strategies that an entrepreneur could follow to achieve success, such as know your customers, work “on” the business, and how
Many people dream of becoming entrepreneurs someday. But it made me realize that there other factors that needs to be taken into consideration. We need to ask ourselves are we ready to take the challenge to the outside world. Not everyone have the vision, innovation and creativity to become an entrepreneur. The individual must have a positive attitude and accept the responsibility, have discipline to meet their goals, and take action when the opportunity presents itself. Many prefer a job security and rely on a weekly paycheck, while entrepreneurs will take risks and doesn 't have that luxury to know the amount of their income.
Entrepreneurship is an important aspect of social, economic and community life. It can be viewed as a critical factor to economic growth as well as a way of addressing unemployment (Nolan, 2003).Entrepreneurs are people who are persistently focused on identifying opportunities, they seek to create something worthwhile while taking into account foreseeable risk and rewards associated with the efforts (Nolan, 2003). Furthermore, entrepreneurs are frequently understood to be individuals who discover market needs and establish new business to meet those identified opportunities. The following assignment will firstly discuss the types of entrepreneurship, secondly it will discuss the reasons people become entrepreneurs, and thirdly it will discuss the importance of entrepreneurship.
an entrepreneur will never be uncertain of whether or not they will succeed. They are confident with the knowledge that they will make their businesses succeed (10 Qualities of successful entrepreneurs, 2010). They exude that confidence in everything they do.
The path to achieving great success is not easy. Whereas there are many shortcuts, the long and patient walk is what takes a person many miles ahead. This concept applies to any individual who aims at becoming a successful businessman. The process of becoming a successful businessman requires a person to attain several accomplishment levels. Each of the level takes energy and time, as well as the ability to recognize the things that make a person truly successful in the business world and life. Becoming a successful businessman requires measurements that take into account not only the monetary and material gains but also the greater scheme of things. Therefore, true success measure achieves in light of creating wealth and value. These factors are vital in the lifetime of success as they present an intangible worth and measurable profit. This essay discusses the way a person can become successful as a businessman.
Majalah Niaga(2013); Super Entrepreneur Tip: Do not Ever Stop Trying- edition 26; available from [magazine] pp 30-32. Retrieved on 7 March 2014