...CHAPTER The Foundations of Entrepreneurship Copyright © 2011 Pearson Education 1 The World of the Entrepreneur Every year U.S. entrepreneurs launch 550,000 new businesses. Entrepreneurial spirit - the most significant economic development in recent history. GEM study: 18.7% of adult population in the U.S. is actively involved in trying to start a new business. Ch. 1: The Foundations of Entrepreneurship Copyright © 2011 Pearson Education 1-2 Dunia kewirausahaan Tiap tahun wirausahawan di AS meluncurkan 550.000 usaha baru Semangat kewirausahaan – perkembangan ekonomi yang paling signifikan dalam sejarah Penelitian GEM : 18,7% orang dewasa di AS secara aktif berusaha menciptakan bisnis baru. baru. Ch. 1: The Foundations of Entrepreneurship Copyright © 2011 Pearson Education 1-3 Ch. 1: The Foundations of Entrepreneurship Copyright © 2011 Pearson Education 1-4 The World of the Entrepreneur Global Entrepreneurship Monitor (GEM) study reports: Men are twice as likely to start a business as women. Most entrepreneurs turn to family members and friends for capital. Entrepreneurs are most likely to launch businesses when they are between the ages of 25 and 44. Ch. 1: The Foundations of Entrepreneurship Copyright © 2011 Pearson Education 1-5 Dunia kewirausahaan Hasil penelitian GEM : Pria memiliki kecenderungan dua kali lebih besar dari perempuan untuk memulai usaha. usaha. Kebanyakan wirausaha akan...
Words: 1877 - Pages: 8
...designed to focus on the Entrepreneur as a manager and the processes and techniques he or she uses to manage. In practice this means that in every case there is a person who must make some decisions and take the necessary actions to implement those decisions. There is a very important role in the course for analytical tools and conceptual frameworks, but they are to be applied only to the extent that they help the manager make good decisions and develop realistic action plans that can be implemented and communicated to employees and investors. The Entrepreneurial Manager Course is structured in three modules: • • • Introduction: What is an entrepreneurial manager? Fundamentals for the entrepreneurial manager Managing the growing venture Reference Book • 「Finding Fertile Ground」 ，by Scott Shane，Wharton School Publishing Grading Policy • • • Class participation 22% Case reports and group presentation 48% Mid-term exam 30% 1 Course Topics Overview Date Subject Innovation and Entrepreneurship Entrepreneurial manager + guest speech Opportunity identification Business model and strategy Access source of financing +guest speech Entrepreneurial team and management (1) Entrepreneurial team 4/8 and management (2) +guest speech Module 3：Managing the growing venture 4/15 4/22 Reward model Mid-term case exam #4: Nantucket Nectars A note on valuation Questions entrepreneur must answer #4 #3: E Ink Building a new venture team Finding Fertile Ground Ch.8,9,10 #2: Zipcar #1: R&R ...
Words: 1257 - Pages: 6
...Eric Ingram – Ch-11 Terrorism Dan Osgood- Policies Joe Atchue- Media Arshdeep Singh- Virginia Tech Shooting Leaves 33 Dead Anthony D’Amato- O.J. Simpson’s Book and TV Special Are Canceled. Eric Ingram Chapter 11: Terrorism Critical Thinking Questions 1. Could the adoption of isolationism as a foreign policy for the United States be practical and economical while maintaining a defensive position against foreign and domestic enemies? 2. Political biases aside, after more than a decade of the Patriot Act in effect, is the United States better protected from terrorism than before the 9/11 attacks? Dan Osgood-Ch.17 1. Should public policy be solely formed on research data and scientific evidence compared to the moral entrepreneur policymaking process? 2. Assuming the author is correct: that moral entrepreneurs base their motivations off of single case phenomenon’s, and not common occurrences, the question can be asked is this justifiable when the benefit only helps out the select few while limiting the liberties of many? Example: Banning all cell phone use while driving. Joe Atchue 1. What are some cultural formations that exist within structural conditions that both enable and constrain individual action? 2. Being a part of a cultural environment that seems to justify criminal behavior does not by itself explain why only some people raised in such cultures actually become criminals while many others do...
Words: 388 - Pages: 2
...Syllabus School of Business MGT/521 Version 5 Management Course Description This course applies the tools available to University of Phoenix graduate students and the competencies of successful managers to understand the functions of business. Students develop an increased awareness of their own perceptions and values in order to manage and communicate with others more effectively. Other topics include MBA program goals, argument construction, decision making, collaboration, and academic research. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Hoch, S. J., Kunreuther, H. C., & Gunther, R. E. (Eds.). (2001). Wharton on making decisions. New York, NY: Wiley. Nickels, W. G., McHugh, J. M., & McHugh, S. M. (2010). Understanding business (9th ed.). New York, NY: McGraw-Hill/Irwin. Robbins, S. P. & Judge, T. A. (2011). Organizational behavior (14th ed.). Upper Saddle River, NJ: Pearson/Prentice...
Words: 3627 - Pages: 15
...|[pic] |Syllabus | | |School of Business | | |MGT/521 Version 5 | | |Management | | | | | Course Description This course applies the tools available to University of Phoenix graduate students and the competencies of successful managers to understand the functions of business. Students develop an increased awareness of their own perceptions and values in order to manage and communicate with others more effectively. Other topics include MBA program goals, argument construction, decision making, collaboration, and academic research. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You...
Words: 3994 - Pages: 16
...INTERNATIONAL BUSINESS STRATEGY SPRING 2009 Office Phone Email Chiung-Hui Tseng 61411A (Institute of International Business) (06) 275-7575 ext.53512 ctseng@mail.ncku.edu.tw Texts Ireland, Hoskisson, and Hitt (2009) The Management of Strategy: Concepts and Cases, 8th Edition, South-Western Press. Course Objectives In the past a few decades, the trend of globalization has rendered the world economies more interdependent. All businesses today (both international and domestic ones) are exposed to international competitive forces that can have serious consequences for their performance and survival. Such international competition especially brings new challenges and problems to corporations and managers directly involved in foreign markets. Among various issues arising from international operations, this course particularly focuses on the managerial challenges associated with strategy development and corporate management for those firms whose business activities transcend national boundaries. Specifically, objectives of this course are twofold: 1. to expose students to issues related to business strategy within the context of global markets and competition 2. to provide students with significant opportunities to develop oral communication and presentation skills Requirements and Grading Individual Activities: Participation 40% Exam (close-book) 20% Group Activities: Chapter Text Presentation and Discussion Leading...
Words: 903 - Pages: 4
...Assignment Business Models, Systems and Organization For more classes visit www.indigohelp.com Consider a local business whose services you frequently use. What are the main components of this company's business model? Write a 400- to 500-word response in which you do the following: Describe the three components of the business system that comprises the local business you selected. Use Figure 1.2 on p. 11 of Introduction to Business as a reference. Identify the form of business organization that the business currently uses: joint-stock company, limited liability, partnership, or sole proprietorship. Explain the differences between your business's form of organization and the other three forms. Resources: Ch. 1 & 2 of Introduction to Business Format your paper consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. ................................................................................... BUS 211 Week 2 Individual Assignment Profits and Supply and Demand For more classes visit www.indigohelp.com Resource: Ch. 1 of Introduction to Business Consider a fictional business you would be interested in starting. You will be using this same business in other weekly assignments throughout the course. You are seeking financing for your business, and a potential investor has asked you to provide more information. Write a 400- to 500-word response to your potential investor in which you do the following: Describe the...
Words: 1124 - Pages: 5
...is the entrepreneur • AGENDA 1. Introduction 2. Course design and organisation 3. About entrepreneurs 4. What entrepreneurship is GEST-S547 - 2011-2012 © Olivier Witmeur 3 1. INTRODUCTION 4 What have these companies in common? • • • • • • • Delhaize , Colruyt, Leclerc, Sears & Roebuck Solvay, Pfizer, Yves Rocher Citroen, Renault, Ferrari McKinsey, Deloitte & Touche, JP Morgan McDonald, Neuhaus Dell, Hewlett-Packard Siemens, Dyson GEST-S547 - 2011-2012 © Olivier Witmeur 5 Examples of successfull entrepreneurs GEST-S547 - 2011-2012 © Olivier Witmeur 6 Entrepreneurship is … (3 minutes) GEST-S547 - 2011-2012 © Olivier Witmeur 7 La laiterie du Berger – Danone Latitudes GEST-S547 - 2011-2012 © Olivier Witmeur 8 2. COURSE DESIGN 9 Desired outcomes of the course • Understand why entrepreneurship matters • Introduce key-concepts and best practices in various settings • Develop your entrepreneurial mindset • At the end of the course each student must be able to: – Assess entrepreneurial opportunities in various contexts – Identify and master the main challenges associated with their exploitation – Understand when and where entrepreneurial management style is relevant End-up with more open questions than definitive answers! Have fun… GEST-S547 - 2011-2012 © Olivier Witmeur 10 Central questions • • • • • • • Who is the entrepreneur? To what extent are entrepreneurs different...
Words: 1616 - Pages: 7
...design Topic 7: HRM Topic 8: Leading Topic 9: Teamwork Topic 10: Motivation & Communication Topic 11: Organizational Control 2 Topic from Daft (2012) and Innovation Adapted 12: Change 6/11/2012 Topics to discuss History of Management Evolution of Management thinking Environment of Management Corporate Culture, Ethics and Social Responsibility Management Planning -Managerial planning & goal setting - Strategy formulation & Implementation - Managerial decision making Organizing -Designing adaptive organizations -Managing change & innovation -Human resource Management Leading -Leadership -Motivation -Communication -Teamwork Controlling -Managerial and Quality control 3 Adapted from Daft (2012) 6/11/2012 Working Plan Topic Session No 1 2 Session 1 Session 2 Topics Textbook NEM Ch 1 NEM Ch 2 Tutorial Cases Questions 1, 5, 8, 9 Elektra Products, Inc (p.56) Introduction to Management The History of Management The Management Environment, Ethics and CSR Planning & Strategy Formulation 4, 6, 7 SIA Corporation (p. 58) 3 Session 3 NEM Ch 3 NEM Ch 5 Rio Grande Supply Company Ch3: 3, 4 (p.176) Ch5: 3, 6 Empress Luxury Lines (p.179) 4 Session 4 - Nielsen Media Research NEM Chs 7 & Ch7: 1, 2 (p.262) Ch 8: 4, 6 - Edmunds Corrugated Parts 8 and Services (p.264) NEM Ch 9 NEM Ch 10 NEM Ch 12 2, 3, 4 4, 5, 6 3, 4, 7 A manager’s Dilemma: Who gets the project? (p.265) FMB&T (p. 392) Commonwealth Worldwide...
Words: 2346 - Pages: 10
...corporation that has been manufacturing laptops for the last five years. Recently, in the face of sinking market share, Pluto reduced its dependency on laptops by venturing into tablets and smartphones. This is an example of _____. diversification 6. In competition, a substitute is best described as a(n): alternative to a product. . 7. Which of the following is a demographic factor of an organization's macroenvironment? Employees' age 8.Complexity and dynamism in the environment result in: environmental uncertainty. 9. Raw materials, services, equipment, capital, and information are _____ for an organization. inputs 10. Which of the following is a dominant attribute of a hierarchical culture? Rules and regulations 11. Which of the following refers to the immediate environment surrounding a firm, including suppliers, customers, rivals, and new entrants? Competitive environment Safety emissions Drivers lic Regististration Copy of insurance declaration 12. The internal environment includes: culture and climate. 13. According to Michael Porter's competitive environment model, high switching costs increases _____. the power of suppliers 14....
Words: 6552 - Pages: 27
...Dr. Mohammed Alwosabi Econ 140 – Ch. 11 Notes on Ch. 11 PERFECT COMPETITION This chapter examines the basic elements of perfect competition and the competitive firm. It examines how businesses with a given market price make production decisions that help maximizing profit. Characteristics of Perfect Competition 1. Many firms, each is selling an identical product. Each firm’s output is a perfect substitute for the output of the other firms, so the demand for each firm’s output is perfectly elastic. 2. Large number of buyers who are indifferent from whom to buy 3. No barriers (restrictions) to entry or exit; it is relatively easy to get into the business 4. Each firm produces a very small share of the total output so that no individual firm has the market power to influence the market price of the good it produces. A perfectly competitive firm is a price taker; it takes the market price as given. 5. Firms already in the industry have no advantage over new entrants 6. Complete information is available to buyers and sellers are about price, demand, and supply in the market 7. Perfectly competitive firms earn zero economic profit in the long run (only normal profit) 1 Dr. Mohammed Alwosabi Econ 140 – Ch. 11 Market demand curve vs. firm demand curve It is important to distinguish between the market demand curve and the demand curve facing a particular firm. The equilibrium market price is determined by the interaction of market demand and...
Words: 3693 - Pages: 15
...Multinational Management (MSc IBM) - Page 1/9 THE UNIVERSITY OF MANCHESTER Manchester Business School MULTINATIONAL MANAGEMENT Version 2015-02-09 Academic Year 2014-2015 Course unit Title: Multinational Management Course unit code: BMAN 70012 Credit Rating: 15 credits 1 Instructors Contact details Umair.Choksy@mbs.ac.uk Room: MBS East F3 Office hours: by arrangement Noemi.Sinkovics@mbs.ac.uk www.manchester.ac.uk/research/noemi.sinkovics Phone: (0161) 275 6492 Room: MBS East F11 Office hours: by arrangement Name Umair Choksy (US) Course unit coordinator Dr Noemi Sinkovics (NS) The University of Manchester, Manchester Business School, Booth Street West, Manchester M15 6PB, UK 2 Course unit Objectives This course has three interrelated and equally important objectives: i. ii. iii. 3 Introduce key multinational management concepts, and illustrate their applications. Understand multinational mentalities and develop strategic and critical thinking in relation to multinational management. Understand the management challenges associated with developing strategies and handling the operations of firms whose activities stretch across national boundaries. Learning Outcomes On successful completion of the course unit, students are expected to: i. ii. Demonstrate an understanding of the theoretical and managerial fields of multinational management. Understand how multinational firms are managing in competitive environments, what are on-going tensions between the competitive...
Words: 3318 - Pages: 14
...right” The impact of CRM in the commercial world cannot be undervalued. CRM is first and foremost business strategy that can be effectively executed through the appropriate business process and technology management capabilities the best match to an organization’s customer facing goals. Says Francis Buttle, pg 6, yr 2009. Table of Contents Pages 1. Introduction to Customer Realationship Management (CRM) 1 - 2 2. Business Models of Companies # Alibaba.com 3 # Illyria Geotechnologies 4 # iTunes 4 # Apple.Inc 5 # E-Bay 11 5 # Avon 6 # Inland Revenue Board of Malaysia 6 # Syabas 6 # The Northeast Gang Information System 7 # Proton Sdn Bhd 7 # E-Citizen portal of Singapore 8 # Immigration Department of Malaysia 8 3.Social Media Applications 9 4. CRM Software applications 10 5. CRM Strategies and associated business process 11- 12 6. CRM Best Practices 13 - 14 7. Conclusion 15 8. References 16 – 17 Introduction. According to Judith (2003, pg 41) CRM defines as is the strategic use of information, processes, technology and people to manage the customer’s relationship with your company which includes marketing, sales, services and support across the whole customer life cycle. Customer is human beings can make decision and use products or services. Only when the human being begun using or even considering one of your products or services,...
Words: 3821 - Pages: 16
...Rockefeller and Carnegie In the nineteenth century two of the greatest entrepreneurs were born. These two men, Andrew Carnegie and John D. Rockefeller epitomized the word monopoly, by becoming the biggest industry giants of their time. Carnegie was the leader of the steel industry, while Rockefeller controlled oil. Both of these men were similar; they came from humble beginnings and showed interest in their careers at a young age. On November 25, 1835 William Carnegie had his first child named Andrew in Dunfermline, Scotland. Andrew Carnegie faced poverty most of his young life; this was because of the era called industrialization, which replaced the once successful hand weaver, William Carnegie with a steamed powered loom in 1847. Young Carnegie and his family moved from Scotland to the united states in 1848; they lived in Allegheny, Pennsylvania. Here is where Carnegie’s career in steel began. At the age of eighteen, Carnegie was employed by Thomas Scott, one of the top officials in railroading, as an assistant and telegrapher. Working here gave Carnegie the experience and business savvy he needed to invest in some up-and-coming iron mills and factories; but Carnegie, during his travels, saw the potential of the new steel industry. In 1847 Carnegie opened the first steel furnace. Over the next couple of years Carnegie’s aggressive sale maneuvers; lowering prices of the steel, buying out weak partners, and outselling his competitors, would put Carnegie at the top of the...
Words: 778 - Pages: 4
...Coen Ayres Religion in Pompeii and Herculaneum This response seeks to assess the following quote, “the study of Pompeii (P) and Herculaneum (H) provides us with a wealth of sources-however we are faced with issues regarding their limitations, reliability and usefulness”, in regard to four different levels of religion. Those four levels are household, foreign, local and state. In regard to the statement it can be agreed upon that the first half of the quote is true and that there are a wealth of sources, but the second half of the quote which states that there are issues of limitations, reliability and usefulness in these sources is only semi-true as it depends on the type of religion being discussed. Religion will be examined from the least problematic to the most problematic in regard to wealth of sources, reliability, limitations and usefulness; household religion, foreign religion, local religion and state religion. There is a wealth of sources regarding household religion in P and H and there are no issues regarding their reliability and limitations. One could relate this due to the fact that there has been evidence of most households practicing religion in their homes. The focus of household religion was the worship at a shrine called a lararium. These larariums were often depicted in an architectural style, such as the one found in the house of the Vettii (P) and the house of the Black Salon (H) which both resemble a temple in their style. The larariums could have also...
Words: 3035 - Pages: 13
