This idea is supported by Schumpeter’s concept of learning by implementing, where knowledge is transmitted and shared for the same purpose (Schmitz, 1989). Such entrepreneurial activities play a key role in production and ultimately, growth because it is replicated by many people at the same time. Both original and imitating entrepreneurs identify and develop business opportunities that may be exploited through small and medium-sized firms. Several processes are involved from the start, including finding the necessary capital, soliciting labour and marketing the new products and services. In other instances...
... middle of paper ...
...he success of any firm because it ensures proper decision-making, transparency and accountability (Alvord, et al. 2004). In addition, hiring the right staff members particularly those with entrepreneurship tendencies and those qualified in the sector one is venturing into ensures quality management.
Recommendation for further research in this field should be on the domain, parameters and meaning of online social entrepreneurship. The other study the gist behind online social entrepreneurship and whether any activity linked to this form of entrepreneurship is solely for social purposes or it is all about monetary gain. Lastly, additional research should be done on the consequence of external influences on online social entrepreneurship to determine whether there is a correlation between what pushes people to undertake both offline and social entrepreneurship.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- The United States is sometimes referred to as “melting pot”, “land of opportunity” and “The land of Free”. These are names that acknowledge the fact that the nation is made up of a wide variety of peoples from different parts of the world. These names in many ways symbolize a chance of “new beginnings” to some people who wish to come to America. Immigration is generally recognized as an economic benefit, despite claims that foreign workers take jobs from citizens and resident aliens. Our text tells us that “numerous studies have been conducted and suggest that overall wages for citizens’ increase when migrant workers fill jobs that others are not qualified to perform or those jobs that other... [tags: the land of free, immigration]
1422 words (4.1 pages)
- Why do we as people put so much emphasis on names. Names are often arbitrarily chosen by parents and sometimes even changed by individuals later in life. And yet, people are discriminated against because of their names. Although it may seem odd that name-based discrimination even exists, it is an important and relevant topic to discuss. People are affected by their names in that they behave differently because they have a certain name, or type of name, and people behave differently towards them for the same reason.... [tags: Discrimination, Prejudice]
1131 words (3.2 pages)
- The E-Commerce Opportunity A secure e-commerce Web site can provide businesses with powerful competitive advantages, including increased online retail sales as well as streamlined application processes for products such as insurance, mortgages, or credit cards. E-commerce credit card sales can be especially lucrative: according to independent analysts, cash transactions on the Internet will reach $9 billion in 2000, and $30 billion in 2005. By offering products and services on the Web, businesses can gain unique benefits: · New customers: Anyone with an Internet connection is a potential customer: millions around the world are already using the Internet for business transactions.... [tags: E-Commerce Business Internet Essays]
630 words (1.8 pages)
- Race Based Employment Discrimination Title VII of the Civil Rights Act and various other federal and state laws prohibit intentional discrimination based on ancestry or ethnicity. Some employers practice blatant forms of minority discrimination by paying lower salaries and other compensation to blacks and Hispanics. Others engage in quota systems by denying promotions and jobs to individuals on the basis of race or color. Federal laws prohibit employers of 15 or more employees from discriminating on the basis of race or color.... [tags: Racial Discrimination Employee Workforce]
1220 words (3.5 pages)
- All through its 45 year history, the Equal Employment Opportunity Commission (EEOC) has distinguished and helped dissipate discrimination in the hiring process and is persistent on guaranteeing work candidates be dealt with reasonably (EEOC, 2011). According to Helen Norton, Associate Professor at the University of Colorado School of Law, Employers and staffing agencies have advertised job openings that span across different fields. Medical professionals, restaurant and grocery managers, as well as, investment bankers have all been restricted when looking for employment.... [tags: Equal Employment Opportunity Commission]
737 words (2.1 pages)
- Question 1 Discuss the importance of the concept of opportunity cost. In your discussion you are required to identify and explain: ∗ The concept of opportunity cost and why it is a fundamental concept in economics Opportunity cost is defined as the decision made to give up the highest-valued alternative in order to engage in another activity (Garnet & O’Brien). Alternatively, opportunity cost can be defined as the highest value alternative that is given up in order to undertake a particular activity.... [tags: Economics, Opportunity cost, Costs]
1926 words (5.5 pages)
- The Equal Employment Opportunity Commission (EEOC), under Title VII of the Civil Rights Act of 1964, defines sexual harassment as a behavior of a sexual nature that affects an individual’s terms of employment or creates a hostile and intimidating work environment. According to the EEOC, it is “unlawful to harass a person, an applicant, or employee because of that person’s sex.” (Sexual Harassment) The term “sexual harassment” can be a bit misleading as other forms of work related harassment can take place that have nothing to do with ‘sex’ but do however, fall under the same umbrella.... [tags: Equal Employment Opportunity Commission]
1477 words (4.2 pages)
- AutoZone AutoZone first opened its doors in 1979 under the name Auto Shack. Presently Auto Shack is AutoZone, a fortune 500 organization and one of the leading auto parts store in the nation with approximately $8.1 billion in annual sales. AutoZone currently has stores in 48 states including Mexico and Puerto Rico with more than 65,000 employees. (AutoZone Inc., 2016) Equal Employment Opportunity Commission v. AutoZone, Inc. Summary On 09/10/2010, a judgement was filed against AutoZone Inc.... [tags: Equal Employment Opportunity Commission]
897 words (2.6 pages)
- In the poem “The Names,” by Billy Collins, the speaker is calmly recalling people’s last names alphabetically as he notices them wherever he goes. At first it seems as though he is playing a game to see how many names he can think of. After reading the whole poem several times, it becomes clear that he is referring to people who died on September 11th. Collins uses imagery, a serious tone, and similes throughout the poem to show appreciation for the memory of the victims that died that tragic day.... [tags: Literary Analysis, Billy Collins]
1174 words (3.4 pages)
- Richard Estrada is a noted author, thoughtful, independent-minded associate editor of the Dallas Morning News. In his essay "Sticks and Stones and Sports Team Names," Estrada addresses the issue of whether sports teams should use names and images associated with Native Americans. Estrada believes that using Native American tribes/groups as sport team names are unacceptable. Native Americans have the right just like all other ethnic groups to rally against the world of sports entertainment. The “Washington Blackskins” would not last a week if that were a team name so why should we allow the name “Redskins.” Estrada argues that the newspapers should ban references to Native American nicknames.... [tags: Native Americans in the United States, Race]
761 words (2.2 pages)