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 fast becoming a viable alternative to traditional funding models like equity or the debt route. Typically, crowdsourcing for financing is familiar as crowdfunding. Under this model, an innovator makes publicity of his funding requirements through the Internet to individual investors. The individual investors offer financial contribution which are thereafter consolidated by the platform and handed over to the project owner. (Jennifer, 2012)

By far, it has become a viable alternative due to the following circumstances (i) Kickstarter provide a standardised format….

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 (Acumen Fund) and money from Hindustan Lifecare; it was 50-50 as to investment at the start. The partnership was a success from the start; in the first year of operation the three hospitals under the LifeSpring Hospital (LSH) umbrella reported that 2,000 babies had been delivered and there were 23,000 outpatient visits. This would appear to be a remarkable achievement for a start-up healthcare facility; but upon taking a deeper look at healthcare in India it should not be too….

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 area. Staffing needs for the business are minimal, since the pork and bread will be purchased from vendors. The staff will include a manager (responsible for HR, marketing, accounting) and three other people to work in the trucks. This equates to two people per truck per shift. The rationale for this plan is that the food truck business is a rapidly-growing segment of the restaurant market. hile still a niche business, it has become popular across America and has high….

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 the entrepreneur and the manager of a larger firm. Burns reports that for the former, as opposed to the latter, there is a greater need to change one's role and one's approach to responsibilities as the company grows in scale. Burns indicates that his test is centered on how there are distinct traits which define the entrepreneur to the benefit of a company's early stages and, sometimes, to the detriment of a company as it grows. (p. xviii)
And as we….

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 arclays ank 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 west leading the way nationally."

Women as Entrepreneurs

There have been many cases of extremely successful female entrepreneurs at almost every level of business. A prime example is the success of Liliane ettencourt, who is one of wealthiest people in France. She inherited a controlling stake in L'Oreal in 1957. Another successful entrepreneur is Anita Roddick, founder of the ody Shop. Her beginnings were small and not without struggle. However, she used her business and marketing skills to build an enormously successful….

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 has been argued, is an excellent opportunity for entrepreneurs to create disruptive innovations (Christensen, Mangelsdorf, 2009) that completely re-order market dynamics and redefine value chains in the process (Porter, 1986). Disruptive innovation as defined by Clayton Christensen is entirely dependent on small start-up companies to exist then re-order entire industries in the process (Christensen, Mangelsdorf, 2009). What is so noteworthy about the research completely by Dr. Christensen and Mangelsdorf (2009) is that the catalyst of each disruptive innovation as emanated….

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 plain checklists going up to intricate and exhaustive computer programs. (Defining Entrepreneurship) Achievements in business can be equivocal. You might flag off with the most excellent of intent in mind, recognize objectives, fix targets, build plans and implement them. At times you pull off the preferred result, however on other occasions deficiencies do happen without in fact knowing the cause. The feedback gives the measurement, which is vital for reviewing the advancement and making the enhancements, as also running strategy….

It appears that workgroups have a strong impact on the behaviour of the individuals within them as the workgroup sees a strong demand for something in the marketplace and works toward supplying it (Zahra, Nielsen & Bogner, 1999). It is quite likely that others in their workgroup will all go along with this issue even if many of them have not considered entrepreneurship before (Zahra, Nielsen & Bogner, 1999). There are very high levels of interest in academic entrepreneurship but there appears to be little data on the nature of it within universities (Bresnahan, Gambardella, & Saxenian, 2001). Some of this may have to do with the fact that it is often kept quiet until it is determined for certain whether an individual at a particular university is going to make an attempt at entrepreneurship and whether the demand for particular product is actually there (Bresnahan, Gambardella, & Saxenian,….

This is a conundrum for those who are legitimately interested in studying entrepreneurship, because the need for a theory is strong. It will help to define the study of entrepreneurship in a way that has not happened before, and it will also help to stop those who are studying anything and everything under the guise of entrepreneurship from wasting time and resources that should rightly go to those researchers who are truly interested in how entrepreneurship works, what it is about, and how people who choose to get into it actually figure out their goals and make their choices.
Reflection

rom a personal opinion point-of-view, I think that this is a good article and that it has a lot of good information in it. The researcher is right in that others have talked about this issue in the past and discussed the different ways that assumptions can come into the picture.….

Entrepreneurship
What Is Entrepreneurship?

An entrepreneur is a person who takes on risks and seeks to create an ongoing business by coordinating resources, raw materials, time and materials to create a valued product or service. The role of the entrepreneur is to continually create new value in an economy by providing products and services that give both consumers and businesses greater value, solve their problems or contribute to their attaining their goals and objectives (Costin, 2012). The intent of this analysis is to evaluate what entrepreneurship is and how it is changing today given the nature of the Internet and social networks.

What Entrepreneurship Is and How It Is Changing

At its most fundamental definition, entrepreneurship is focused on the undertaking of a new enterprise to deliver value products and services to customers (Howorth, Tempest, Coupland, 2005). This definition continually is being expanded as the nature of assets, resources and their optimal use to….

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….

International Entrepreneurship).
Given the relatively salutary financial environment, success is not impossible for an entrepreneurial young woman who wishes to forge her own path in a conservative culture. For example, Giselle ufer, President of Delance Swiss Watches, was awarded with the "Golden Idea Oscar" by IDEE-SUISSE in January 2000. This was a milestone, given the tradition-bound nature of Swiss watch manufacturing. But overcoming prejudice and institutional barriers for women has been a constant struggle. Hopefully, new laws and a new business climate created by the influence of professional women's organizations will foster a more fertile ground for change.

eferences

Club for Women Entrepreneurs. (2010). Official website. etrieved February 8, 2010 at http://www.femmes-entrepreneurs.ch/en/a-propos/

Delance Swiss Watches. (2000, January). Official website. etrieved February 8, 2010 at http://www.delance.ch/e/news.e/awards.e.jsp

Entrepreneurship in Switzerland. (2010). International Entrepreneurship.

etrieved February 8, 2010 at http://www.internationalentrepreneurship.com/european+entrepreneurship/switzerland_entrepreneur.asp

The glass ceiling. (2008). Switzerland is yours. etrieved February 8, 2010 at http://switzerland.isyours.com/E/swiss-business-guide/glass-ceiling.html

Labor relations. (2008). Switzerland is yours. etrieved….

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 business proved his ability to be in constant development. He is clearly a risk taker and has accepted both reward and loss as a result, markedly more rewards than losses. Lastly, Li demonstrates through his vast network of diversified holdings an ultimate desire to stay ahead of the game and be fiercely independent in doing so.
In 2010, Li was reported to have invested 7.5 million in an emerging market trade company headed by the U.S.'s titled, "Lord of Liquidity" Berry….

6. Schultz was rehired as CEO in 2008. He left the company for a while but it began to falter and he returned to the position.

7. For Schultz the biggest barrier to entry would have been his lack of education and experience. He does not possess an MBA and was working in sales when he joined the company. But Starbucks was very small and he was able to take on an important role immediately and rapidly expand on that.

8. Schultz immediately liked the Starbucks shop. Since he was selling coffee equipment he was aware that it was superior to others in the area. He then took a trip to Italy and noticed the cultural role that coffee shops played there, something that was not the case in the United States at the time. He felt this cultural role could be introduced successfully into the United States.

9. Schultz came back to….

Entrepreneurship
Research and Service Design (Interdisciplinary and Collaboration)

a) Describe your group research and how it was developed.

Our group examined the potential for revitalizing areas in the dilapidated metropolitan areas surrounding and within Detroit, Michigan. We developed various ideas that were geared to repurposing structures and materials found within them. It is common for abandoned structures to contain valuable raw materials, though much effort will be necessary to dismantle and refurbish these materials. However, given the fact that whole tracks of abandoned building can be purchased for little to nothing, there is opportunity to profit for such endeavors.

b) How does your group research relate and support the research by other groups in the class?

All of the research prepared by both groups was geared toward sustainable development. Though the routes to achieving this varied slightly, the main underlying theme occurred on exactly the same path. This fact is exemplary of the broader efforts….