Note: Sample below may appear distorted but all corresponding word document files contain proper formattingExcerpt from essay:
Governments are interested, not only in promoting private entrepreneurship, but in becoming more entrepreneurial themselves. At the same time, regulatory bodies have been sharply criticized for allowing too much creativity and experimentation (e.g., in the use of financial derivatives), and are being urged to stick to more conventional regulatory models." (Klein, McGahan, Mahoney, and Pitelis, 2009)
It is additionally and importantly noted in the work of Klein, McGahan, Mahoney, and Pitelis (2009) that specific mechanisms including those of "...majority voting, arbitration, and consensus-building may lead to the identification of public interests that are flawed in the sense that the expression of the interest does not reflect an underlying reality of alignment." (2009, p.3) Therefore, it must be understood that indicated is that government finance of entrepreneurship will always fail to meet the mark of what arises form the 'spontaneous order' that characterizes the environment of entrepreneurship, in that this is a highly unpredictable phenomenon and one that would be difficult if not impossible to predict therefore the same could be said of the attempt to finance this much needed entrepreneurship in times of economic crisis.
Entrepreneurship arose during the Dotcom boom and it is this that ultimately has spared the entire loss of those years in that the advances made in web applications that are today highly useful and which serve to enable endless business negotiations across the Internet such as XML which is stated to have "created an environment for XML to be the standard for sharing data and applications and this will have a profound and lasting impact on e-commerce." (Campbell, nd p. 8) The question is posed whether that which "motivated everyone to act, react, and respond in such frenzied group-driven madness..." was necessarily "the nature of the dot.com debacle and a necessary evil or it if might be possible "that every renaissance involving 'new' ideas causes the same chaos?" (Campbell, nd, p. 8) Furthermore, the Dotcom era "really matured engine search engine technology." (Campbell, nd, p. 9)
It is noted that many of the features of real-world markets "which appear, from a perfectly competitive-ideal perspective to be direct evidence of inefficiency, turn out to be wholesome feature of a vigorously and dynamically competitive world.
So-called 'imperfections' of competition emerge as crucial elements in the market process of discovery and correction of earlier entrepreneurial errors." (Kirzner, How Markets Work, p. 54 cited in: Cantor and Cox, 2009) From this view within the framework of spontaneous order imperfection "is thus compatible with order and indeed a defining characteristic of this particular kind of order." (Cantor and Cox, 2009) Cantor and Cox (2009) explain through comparing the novel and the poem in terms of their length or the time taken to read them and the differences in these two are compared to the economic crisis and the entire scope of the entrepreneurial process, which just as in reading a novel, takes a greater length of time to come full circle when compared to the ups and downs of economic instabilities in shorter lengths of measured time.
Carrasco, Enrique R. ( nd) The 1980s: The Debt Crisis & the Lost Decade: Anatomy of A Global Crisis. The University of Iowa Center for International Finance and Development. Online available at: http://www.uiowa.edu/ifdebook/ebook2/contents/part1-V.shtml
U.S. Savings & Loan Crisis (2002) Case Study -- Sungard Ambit Erisk. Aug 2002. Online available at: http://www.erisk.com/learning/casestudies/ussavingsloancrisis.asp
Klein, Peter G., McGahan, Anita, Pitelis, Christos and Mahoney, Joseph T., The Economic Organization of Public Entrepreneurship (2009). Atlanta Competitive Advantage Conference Paper. 1 Mar 2009. Online available at SSRN: http://ssrn.com/abstract=1351494
Frum, David (1990) Bearing down on Milken -- Michael Milken and Junk bond Collapse" National Review 19 Mar 1990. Online available 'BNET' website: http://findarticles.com/p/articles/mi_m1282/is_n5_v42/ai_8782359/
Campbell, Susan (nd) The Dot.Com Implosion. Term Paper. Online available at: http://www.angelfire.com/tn3/scampini1/termpaper.pdf
Cantor, Paul A. And Cox, Stephen (2009) Literature & the Economics of Liberty -- Spontaneous Order in Culture. Ludwig Von Mises Institute. Online available at: http://mises.org/books/literature_and_liberty_cantor.pdf[continue]
"Entrepreneurship During And After Each" (2010, January 26) Retrieved October 21, 2016, from http://www.paperdue.com/essay/entrepreneurship-during-and-after-each-15571
"Entrepreneurship During And After Each" 26 January 2010. Web.21 October. 2016. <http://www.paperdue.com/essay/entrepreneurship-during-and-after-each-15571>
"Entrepreneurship During And After Each", 26 January 2010, Accessed.21 October. 2016, http://www.paperdue.com/essay/entrepreneurship-during-and-after-each-15571
Burns (2007) indicates that the text is about that which motivates the actions and decisions of the entrepreneur, including the influence of personal social networks, family and personal background. Moreover, the text reports itself to be about the tasks of management which are associated with the entrepreneurial approach as well as how decisions are make, how risk is balanced and most essentially how there is a clear distinction between
Finding ways to delegate authority is an important thing for entrepreneurs when they grow. When a company is in the beginning or high growth stage of the business cycle, there comes a point when the founder must let go some control so that the business can be more professionally run. The current business model is somewhat aimless, but oriented towards high end positioning. An alternate direction is that the business
Entrepreneur Description of the Business The business that I am starting is a food truck specializing in pulled pork sandwiches. The primary product is the pulled pork sandwich -- the pork is produced off site -- and it is sold along with a handful of complementary items (drinks, chips) in a food truck, essentially a mobile restaurant. The business will have two trucks to start, in order to cover a wider geographic
Within this example there is a fundamental example of the strategy twists used by Li, i.e. The private and presale real estate tactic, which in many ways was before its time, and likely served as an example to many property developers since that time. This rather simplistic but nonetheless effective linear model of Li's business life exemplifies the spirit of entrepreneurship. Li has, from his first tentative steps in
Entrepreneurship (1) What is success and how do they measure success Definition of success is the very initial step to achieving it and success is what everyone gets throughout the whole day. It is about satisfying one's potential and achieving one's dream. (How do you Define Success) A strong inclination continues to be present, especially among the professionals managing enterprise development to measure entrepreneurship through some techniques. These measurement efforts can vary from
While entrepreneurial accomplishment is common across all nations the ability to create and sustain value-based ecosystems as rapidly as American entrepreneurs are unique (Arbaugh, Camp, Cox, 2005). American Entrepreneurs' Contribution to Global Innovation Innovation in and of itself is not enough to create entirely new businesses; it is in translating innovation into unique, ingenious products and services that meet unmet needs of both consumers and businesses. The current economic downturn, it
Timmons (1994) in his study presents a three-dimensional model of practical application of a good idea: Comprehensive evaluation of the opportunity; Comprehensive evaluation of one's own expertise and inclination; and Comprehensive evaluation of the resources gathering process to maintain the launch of business venture. Long and McMullan (1984) propose that application of a good idea depends on two processes; namely, elaboration and evaluation. Singh (1998) found that those entrepreneurs who spend more