..."Trivia Inc."? Learning outcomes: * Knowing two theories on the origin of business ideas: Kirzner vs. Schumpeter * Knowing the industry analysis "Porter's Five Forces" and being able to use this tool in entrepreneurship * Knowing the limits of "Porter's Five Forces" in entrepreneurship and being able to discuss these limits * Entrepreneurship as "Rule Breaking Behavior" * Creating and managing virtual enterprises * Theory of "Social Capital" and obtaining resources via networks * Discussing Branding * Discussing Cold calls * Discussing Portfolio businesses * Competitive advantages that origins from business model innovation * "Give and Get - Risk and Reward-Matrix" * Discussing factors of success in entrepreneurship * The concept of "sunken costs" and risk minimization * Knowing the relationship between upfront investment costs (potential sunken costs), variable costs and lot size * Knowing the relation between costs, earnings, and live cycle * Critically discussing the theory of the entrepreneur as the risk taker * Knowing Entrepreneurship as an exceptional form of value creation Formularende Thema 3 Nantucket Nectars, 26.11.2014 The decission that needs to be taken: exit the business (IPO, sale) or continue under private ownership? But the case has by far more to offer. Topics covered by the case include but are not limited to: * Origin of business ideas * Factors of success: how have they been able...
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...| MN3030C | | Hewlett-Packard | [ETHNIC ENTREPRENEUSHIP] | [Tapez le résumé du document ici. Il s’agit généralement d’une courte synthèse du document. Tapez le résumé du document ici. Il s’agit généralement d’une courte synthèse du document.] | TABLE OF CONTENT I. INTRODUCTION………………………………………………………Page 2-3 II. ETHNIC ENTREPRENEURSHIP DEFINITION………..Page 4 III. THE CONCEPT…………………………………………………………Page 5-6 IV. ENTREPRENEURIAL THEORY………………………….……Page 7-8-9 V. ETHNIC NICHE…………………………………………………….…..Page 10 VI. CONCLUSION…………………………………………………..…….Page 11 VII. REFERENCES……………………………………………………..…..Page 12-13-14 VIII. APPENDICE…………………………………………………………..Page 15 I. ------------------------------------------------- INTRODUCTION The recent growth of new ethnic populations in Western societies raised lots of issues. In fact, the ethnic activity is not any more a question of historic interest; nor is it the concern of the company. Because new ethnic populations grew at the same time as Western economies, they are in a phase of slow growth and are facing the massive technological challenge; the ethnic adaptation and the mobility are central questions. (Waldinger 1990). In Europe, the activities managed by persons of minority ethnic groups were always present, but changeable historic circumstances increased jutting out to them and visibility during the last decades. First of all, the important immigration of former colonies...
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...What is entrepreneurship? Introduction Entrepreneurship is also known as helping to create healthy and profitable competition in the market, but what is the entrepreneurship? There is no standard answer. The purpose of this article is to defining the entrepreneurship by integrating the existing theory. At first, reviewing the origin of entrepreneurship, nothing generated without reason, critically analyzing the origin will promote to understand the meaning of entrepreneurship. Secondly, defining entrepreneurship by combine the different theory and taking examples to support definition. The origin of entrepreneurship Entrepreneurship was developed from “entrepreneur”, with the development of economic, how to operate a firm and how to do better than a chief executive officer was consider in 16th century, economists made attempt to study in depth about chief executive officer and come up with “entrepreneur”. Although at that time, this word “entrepreneur” was not existent, economists still realized this phenomenon and tried to describe it. As a factor in microeconomics, entrepreneur, was study by several scholars and until the 1723, this word was represented by Cantillon (Muljadi Paul, 2000, p.5). The economic development promote to establish a company, therefore, the word “entrepreneur” was born. Cantillon (1755) indicated that entrepreneur is a risk taker and profit taker, they try their best to make profit by grabbing the opportunity. Cantillon was a pioneer of study entrepreneur...
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...Strategic Entrepreneurship Introduction: In this article, the main topic that is covered relates to precisely how strategic and entrepreneurial management are both combined and unified as a single management function. That is, Strategic Entrepreneurship which is a term vaguely coined by many describes the constant need of mangers focusing on objectives such as finding new business opportunities and taking advantage of creating short-term competition. An expectation of meeting such objectives creates a problem that is caused by having a select few elements of strategic management and entrepreneurship that overlap each other. Due to the general obscure understanding of how both strategic management and entrepreneurship are related, many studies have been conducted in order to better define Strategic Entrepreneurship. The article notes that in recent time, only one study goes to show a conceptual model of SE (Ireland 2003), but lacking in formulating a feedback loop between strategic management and entrepreneurship. Even though SE can be defined as simultaneous pursuit of opportunities and strategic advantages, the model presented by most early studies failed to pinpoint the correlation between the two. Due to the fact that SE is a new field of study, the article reviews all information on entrepreneurship, strategic management, and strategic information in order to determine the origin of SE, find the locus of integration, highlight the common components or elements, and...
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...in which to describe entrepreneurial behavior. Studies conducted, both from an economic perspective (focused on the effects and therefore the relationship with economic growth) and a social / psychological one (concerned with the origins and trait research) have in common 3 attributes defining entrepreneurial behavior: need for achievement, internal locus of control and risk taking predisposition. The need for achievement was linked by McClelland to a country’s economic success in one of the first studies trying to define entrepreneurial culture. McClelland’s thesis states that countries characterized by high levels of N achievements have higher levels of economic development but was contested by more than e few economists. In other word countries that have high scores on entrepreneurial culture should have high rates of entrepreneurship which will lead to economic success. The main flaw is related to the methods of measurement (by analysis of widespread folk tales and contemporary children schoolbooks) of the N achievement for a country and the stretching of the data; basically there are no empirical results to prove the McClelland’s thesis. Furthermore, economists like Wennekers and Thurik take issue with the individual level of entrepreneurship and the aggregate level characterizing a nation. Findings related to specific traits and motivations of individuals who undertake actions as entrepreneurs cannot...
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...Entrepreneurship is the act of being an entrepreneur, which is a French word meaning "one who undertakes an endeavor". Entrepreneurship assorted in degree from solo scheme to major undertakings creating loads of job opportunities. You can plan, manage, systematize, and analyze a business undertaking while assuming the risk for the sake of proceeds. You can pull together resources including innovations, finance and business acumen in an effort to transform innovations into economic goods. Entrepreneurship is the practice of starting new-fangled organizations or fortifying mature organizations, particularly new businesses generally in response to recognized opportunities. Entrepreneurship is often an intricate undertaking, as an immense majority of new businesses fail. Entrepreneurial activities are substantially dissimilar depending on the sort of organization that is being on track. When I originally made the decision to become a nurse, I wasn't certain where my career would win me. Now I can say with confidence that the opportunities in nursing are limitless. Who would not aspire to have a privilege of becoming your own boss? This would include those in nursing career. New technology will pilot us to live out in ways I have not yet imagined. Technology is a key factor in future employment trends for nurses. Nurse entrepreneurs who utilize technology to generate new opportunities for themselves can look to a dazzling future. Think certainly as the globe of nursing is...
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...To be or not to be: Social Entrepreneurship in Kashmir. “Today that land of Kashmir, under the heels of hardship and misfortune, has become weak, vulnerable and impoverished; A land, which was once known among the wise, as Little Iran.” -Sir M. Iqbal (Armaghan-e-Hijaz-24) The idea of social entrepreneurship in a society as politically unstable and volatile as Kashmir is, however, new. This latent idea has been in hibernation mode for far too long, resulting in regrettable social, economical, and psychological consequences. This dormancy is a result of deep rooted ignorance and misplaced information about the career paths which trace its origins in the imperial Maharaja’s Rule of pre-independent India where people who used to work for the government were usually better off than ordinary people doing peasantry jobs. Decades of political uncertainty has further escalated the doubts on success in business, hurtling the Kashmiri youth deep into the psychological abyss where pursuing their dreams as remained, as such, a dream. Throw in some statistics in the gloomy picture and the picture gets even darker: life expectancy, in part due to access to better medical care and in part due to casual improvement in wages, is ever increasing, and with the fertility rates unchanged, causes an unprecedented “pot belly” in the population pyramid. This accumulation of a young population further exacerbates the unemployment quagmire. According to a report by Mercy Corps, a non-government...
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...Bibliography of Entrepreneurship Where can you find out what research has been done in a specific field of entrepreneurship? This bibliography lists major books and articles on various aspects of entrepreneurship grouped by subject. It does not claim comprehensiveness. Checking these sources, however, will give you a good coverage and encourage further investigation. A list of journals can be found in the Entrepreneurship Journals section. * Adamson, D. Walking the High-Tech High Wire: The Technical Entrepreneur's Guide to Running a Successful Enterprise. McGraw-Hill, 1994. * Baird. M.L. Engineering your Start-up: A Guide for the High-Tech Entrepreneur. Professional Publications, 2003. * Bhide, A. The Origin and Evolution of New Businesses. Oxford University Press, 2003. * Birley, S., and D. Muzyka, eds. Mastering Entrepreneurship. Pitman, 2000. * Boston, Thomas, and Catherine Ross. The Inner City. Transaction Publishers, 1997. * Brown, S.L., and K.M. Eisenhardt. Competing on the Edge: Strategy as Structured Chaos. Harvard Business School Press, 1998. * Bygrave, W.D., and A.L. Zacharakis, eds. The Portable MBA in Entrepreneurship. 4th edition. Wiley, 2010. * Cristol, Steven, and Peter Sealey. Simplicity Marketing. Simon and Schuster, 2007. * Drucker, P. Innovation and Entrepreneurship. 2Rev Ed edition. Butterworth-Heinemann, 2010. * Hopkins, Bruce. A Legal Guide to Starting and Managing a Nonprofit Organization. 3rd edition. Wiley, 2000...
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... Department of Finance Jagannath University, Dhaka 4th Batch ID No: 105211 Submission Date: September 10, 2012 Letter of Transmission September 10, 2012 Nafisa Rounok Course Instructor: FIN 3208 (Entrepreneurship Development) Department of Finance Jagannath University, Dhaka. Dear Madam, It is an honor and great pleasure for us to present our Project Report on “A successful Entrepreneur”. This report was assigned to us as a partial requirement of the ‘Entrepreneurship Development’ (FIN-3208) course in the sixth semester. The Project program was an experience of rediscovering our potentials and full of excitements. This report has given us an opportunity to apply our theoretical expertise, sharpen our views, ideas, and communication skills, and bridge them with the real world of practical experience, which will be a good head start for our future professional career. During the preparation of the report we faced some problems that have been erased out with your propound lecture and assistance. Without your cooperation and guideline this report would have been an...
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...Australian Bankruptcy Law Contents Executive Summary 2 History of Australian Bankruptcy Law 3 The Beginning 3 The English Root 3 The Adaption and the Bankruptcy Act of 1966 5 The Debate 6 The Reform 6 For the Change 6 Against the Change 6 Conclusions & Recommendations 7 Citations & References 8 Executive Summary The purpose of this report is to examine the history, and the development of the Australian Bankruptcy Law. Through reviewing historical information, the origins of the current Bankruptcy Law are explored. Furthermore, the development of Corporate Insolvency Laws in Australia from 1901 through to 2001 Corporations Act is studied. The last part of this report reviews the ongoing debate on the need to relax the Corporate Insolvency & Bankruptcy Laws, in order to encourage entrepreneurship. This is followed by a final conclusion on the topic of the Australian Bankruptcy Law, and recommendations on where it could head for the better. History of Australian Bankruptcy Law The Beginning Before examining the development of any laws in Australia, one must review and accept the irony that, Australia began as a nation of convicts. In the late 18th century, the British empire were being burdened by the increasing number of criminals, convicted of variety of crimes from petty theft, fraud, to even murder. Due to the limited landmass, King George III empowered Captain Arthur Phillip, commander of the First fleet, to sail out to Australia...
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...A brief discussion of the relationship between entrepreneurship, innovation and economic development as well as the role of sustainability in the relationship Introduction: The origin and development on theory As early as the 17th century, the French term "entreprendre "appeared in economics, which evolved into "entrepreneur" as commonly used (Dees,1998). The concept of entrepreneur keeps on developing and varies with the development of socio-economics. Richard Cantillon published his in 1775 “Essay on the Nature of Trade in General" (Murphy,1986). Since then, entrepreneurship was given a definition in the perspective of behavior, including decision-making, sound judgment, supervision of production, innovation, and resource reallocation (Herron, 1993). The new definition of the "entrepreneur" credited by French economists was put by Jean Baptiste in the 19th century "the entrepreneur shifts economic resources out of an area of lower and into an area of higher productivity and greater yield". In this time, entrepreneurship was given the meaning of "creating values"(Dees, 1998). In 1911, “entrepreneur as innovator” was put forward by Schumpeter. In his theory, entrepreneurship nearly the same as innovation is thought to be a critical factor in the promotion of economic development. This theory was unceasingly completed by Schumpeter. Through the process of “disruptive innovation” (Schumpeter, 1942), entrepreneurs create economic opportunities and obtain economic benefits by causing...
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...Entrepreneurship TERM PAPER Research paper on the subject of whether it’s better, as a career choice, to be an entrepreneur or work for others Is it better to be an entrepreneur or an employee? Most of the academic research focuses on finding external factors or personal qualities that create entrepreneurs. In early academic papers emphasis has been on psychology and sociology, while more recent research is focusing more on economic perspective. Overall, entrepreneurs are a minority if compared to paid employees. There are most certainly more people who choose to work for someone else rather than attempt to be an entrepreneur. Reasons behind this career choice are very different. Most obvious reason for a rational person might be financial benefits. Research done by Hamilton (2000) shows that initial earnings as well as earning growth is much larger for paid employees in the first 10 years if compared to entrepreneurs, not even including fringe benefits. However, money is definitely not the only factor that affects the career choice when it comes to a decision, whether to become an entrepreneur or to go work for someone else. If entrepreneurs are perceived as utility-maximizing individuals, then independence, risk bearing, work effort, and perquisites associated with self-employment plays a very vital role in their career choice (Douglas and Shepher, 2000). In the following parts of this research paper, various benefits and shortcoming of being an entrepreneur...
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...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...
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...Jason Hayes 7/24/2014 History- Strayer University I. The three major aspects of industrialization during 1865 and 1920 that influenced U.S. society, economy, and politics. a) Geography b) Entrepreneurship c) Legislative II. The half-century or so following the Civil War was a period of extraordinarily rapid economic growth in the United States. a) As the much higher growth rates of total compared to per capital GDP suggest, the economy expanded more by adding new inputs than it did by increasing productivity. b) These productivity figures, moreover, greatly underestimate the extent of technological progress. c) They are calculated as residuals, they do not capture improvements embodied in capital or other inputs to production. III. If ever there was a time or place when entrepreneurs were the most admired figures in society, it was the United States during the late nineteenth century. a) Studies of the origins of the country’s business leaders showed that the vast majority had middle- or even upper-class backgrounds. b) Such examples were powerful incentives to entrepreneurship because they showed that the way to move upward in society was to start one’s own business. c) According to this view, business people were engaged in a competitive struggle. IV. For a quarter century after the demise of the Second Bank of the United States in 1836, the federal government neither chartered banks nor regulated them. ...
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...2012/13 Autumn Semester Entrepreneurship and Business Maris Farquharson Discuss the relationship between entrepreneurship, innovation and economic development. What role do creativity and problem solving play in this relationship? Xiaoyu XU Student ID: 6509160 Word Count: 2006 COPY 1 1. Introduction In the recent few decades, the development of traditional manufacture is restricted as a result of the limitation of both capital and nature resources. Simultaneously, entrepreneurship and innovation are attached more and more importance in enhancing sustainable economic growth. Therefore, there is a need to explore the genuine relationship between entrepreneurship, innovation and economic development. Entrepreneurship has numerous definitions and one of the most acknowledged literatures is Schumpeter’s (1934) theory which viewed entrepreneurship as a creative reply to a problem or opportunity. On the other hand, innovation is simply doing something in a way which is new, different and better (Wickham, 2006). Nonetheless, in the process of realizing economic growth, problems will definitely occur and thus creativity and problem solving capabilities may play a significant role in the relationships above. While it may be true that innovation, as a crucial part of the entrepreneurial process, and entrepreneurship both have positive effects on economic growth, the overall GDP of a domain country will decrease as the rate of entrepreneurship has been driven above the...
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