Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
¶ … Entrepreneurship is
Defining What Entrepreneurship Is
Entrepreneurship is the ability of an individual or team to plan and produce differentiated, valuable products and services that customers are willing to buy. The study of entrepreneurism concentrates on the highly collaborative nature of starting a new firm, where founders will often create extended, virtual teams of experts to help them take a concept into initial prototype and then production. Studies of entrepreneurs show them to have an above-average level of risk tolerance while at the same time being able to manage diverse tasks necessary to make a new venture successful (Liu, 2006).
Analysis of Entrepreneurship
The most effective entrepreneurs are able to see market opportunities from an entirely different vantage point, seeing the potential for growth and differentiated products and services while other business leaders see only price competition (Mitra, 2003). This is especially...
A case in point is the development of the first tablet PCs and smartphones by Steve jobs, and the continual evolution of social networks by young entrepreneurs running those companies today. The role of the entrepreneur is to bring greater value to the customer through innovation and a greater emphasis on design and development that takes into account unique, unmet needs of large groups of people.
The role of the entrepreneur is also that of resource optimizer, both from a human capital and natural resource perspective. The best attributes an entrepreneur can have include the ability to quickly weigh the strengths and weaknesses of a given strategy and choose the one that best fits with the limited resoruces available at a…
Bibliography
Liu, Z. (2006). Competitive advantage: An analytical framework based on entrepreneurship. Frontiers of Economics in China, 1(2), 182-195.
Mitra, J. (2003). The entrepreneurship dynamic: Origins of entrepreneurship and the evolution of industries. Journal of Small Business and Enterprise Development, 10(2), 210.
Entrepreneurship and Innovation Subject Q1) Do you think kickstarter is a viable alternative to raising equity funding or debt financing? If so under what circumstances? The growing popularity of the Internet has spawned crowdsourcing as new model of fund raising, pioneering by www.kickstarter.com. This innovative model is a distributed problem-solving and production model helping entrepreneurs and investors to launch a new product to the market place. From the novelty point-of-view, it is
Entrepreneurship How does a "low price provider, a low cost operator," that is committed to keeping quality and safety at the forefront of operations, "…achieve financial sustainability?" (Anant, et al., 2012, p. 1). This paper critically evaluates the article and offers an analysis of the business model employed with Lifespring Hospitals. The Lifespring Hospital Case The hospital got off the ground thanks to American money in the form of a venture capital fund
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
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
Furthermore, during the same period there was an increase in the number of women-owned businesses in the 1-9 and 10-49 employment size categories. The idea that women do not make good entrepreneurs is countered by various facts, such as: "Research by Barclays Bank has revealed there are today nearly a third more women entrepreneurs than there were in 2000,...there are now 150,000 women-run enterprises across the UK, with the south