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Entrepreneurship Case Study

analytical Essay
991 words
991 words
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THREE PILLARS OF THE COLLEGE OF BUSINESS
LYDIA DWUMA
GRAND CANYON UNIVERSITY
ALAN GUTHRIE
UNUV 504 INTRODUCTION TO GRADUATE STUDIES IN THE COLLEGE OF BUSINESS

THREE PILLARS OF THE COLLEGE OF BUSINESS
Entrepreneurship has taken diverse views since its discovery in commerce. People had varied notions as to what it entails and the characteristics an individual needs to have to be called an entrepreneur. The concept of entrepreneurship is seen as the process of uncovering and developing an opportunity to create value through innovation and seizing that opportunity without regard to either resources (human and capital) or the location of the entrepreneur – in a new or existing company (Churchill, 2003). Entrepreneurship is the willingness …show more content…

In this essay, the author

  • Explains that entrepreneurship is the process of uncovering and developing an opportunity to create value through innovation and seizing that opportunity without regard to either resources or the location of the entrepreneur.
  • Explains that entrepreneurial concepts require creative strategies to tap into resources and win customers, and opportunity recognition and being able to define the scope of the opportunity.
  • Explains that servant leadership leads to greater customer focus and employee satisfaction. it is because taking into consideration the well-being of individuals demonstrates self-interest toward a company’s goals.
  • Explains that innovation implementation is the use of a new application of information to gain greater values, ideas, and efficient expectations.
  • Argues that the coordination of individual's differences promotes learning of new skill sets, resources, flow, influence, and knowledge development. companies should spread their demystification of innovation through organizational cultural diversity.
  • Explains that understanding their personalities and skill sets will help them apply innovation implementation to their career.
  • Cites chauchill, antoncic, hisrich, and florea, respectively, for their work on entrepreneurship and education in european union countries.

It also involves opportunity recognition and being able to define the scope of the opportunity. Entrepreneurship requires a distinctive business notion that takes the form of a product, process or service. Entrepreneurship entails a window of opportunity within which the concept can be successfully capitalized on. The concept is very vulnerable in the formative stage, and that require adaptation over time. In entrepreneurship, the entrepreneur takes the risk involved in his decisions. The entrepreneur cannot make errors that could mean instant failure. Last but not least is that the entrepreneur owns the concept and business. The concept of entrepreneurship will give me knowledge and the technical know-how of operating on the entrepreneurship level. Entrepreneurship concepts do not primarily hold my career right now. However, in the near future if I make up my mind to set up my health care center, I already have the knowledge of how the system works. This knowledge can be acquired through my service to the companies in which I will be …show more content…

This benefits any company because innovation implementation requires the linking of individuals learning process to the innovation strategy needed to establish. It is necessary for companies to spread their demystification of innovation through their organizational cultural diversity. With the understanding of individual’s roles in multiple innovation implementations, the company should be able to balance the creativity that creates new ideas with discipline that recognizes the company’s mission for market

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