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Entrepreneurship Essay Topics & Paper Examples

Business Now: Change Is the Only Constant

Review Questions What factors contribute to the rapid pace of change in business? Is the pace likely to accelerate or decrease over the next decade? Why? Financial Institutions got a bailout By President Obama in 2009, Mortgage values dropped, financial institutions begin to Feel the pressure especially firms such as Bear Stearns that specialized in trading Mortgage backed securities. There was $61.7bn in losses with AIG, strong economy Out of more jobs can accelerate the next decade, there be a budget deficit. AIG got A $180bn bailout; while Bank of America got $45bn as well as JP Morgan Chase $25bn, Goldman Sachs got $10bn. The Rapid pace of change in business is the Internet, Cellphones and exposure on television. What…

Review of Stay Hungry Stay Foolish

One of the best book by Rashmi Bansal narrating a story of 25 successful entrepreneurs from IIM- Ahmedabad. The book inspire young graduates to think beyond placements and salaries and to believe in their dreams. It is not the stereotype self help book. Some of the inspiring stories which inspires me most. Naukri.com: Sanjeev Bikchandani The reason for starting his company was independence. As an MBA from Ahmedabad he could have worked for any multinational companies, but he did not want to be prisoner of his visiting card and the logo on it. He has seen many ups and down in his career but never lost his hope. It is the persistence that makes him successful and it inspire many…

Corporate Entrepreneurship

Entrepreneurs are typically thought to start up small businesses that confront bigger and older business. For example, Virgin Air is a small specialist airline that attracts some customers away from more established airlines. But is this picture of entrepreneurs correct? The aim of this paper is to investigate whether the characteristics of an entrepreneur are irreconcilable with a corporate career and whether the bureaucratic nature of large organisations promotes an environment where the entrepreneur cannot survive. The paper has three sections. First, I will define entrepreneurship. Then I will assess the characteristics of entrepreneurs and their fit within a corporate management structure, and then analyse the concept of corporate entrepreneurship. The conclusion ties the arguments together into a final position…

Postgraduate Degree Statement of Purpose

Why I want to pursue Masters in Entrepreneurship and Innovation at Swinburne University I decided to pursue a master’s degree to strengthen my path in entrepreneurship and to eventually become a successful social entrepreneur. I started out my career as a graphic designer, despite my achievements in work I always feel an urge to start my own business and serve the community at large. On that account I started a new beginning for myself, first by teaching at a university and volunteering for social works. Second, with a partner I established a small independent coffee shop serving as a creative community hub and promoting homegrown coffee. I discover that I love the new activities that I’m doing. While acknowledging an…

Why Is a Product/Customer Focus an Important Characteristic for Successful Entrepreneurs

A product/customer focus is a pivotal characteristic that entrepreneurs must have in order for the entrepreneur themselves and their business to be successful. With that said, an entrepreneur with a product/customer focus is one that clearly understands the needs and wants of their customers and thereby producing and developing products that enhance people’s lives, but also products that meet and satisfy customers needs and wants. Although there is a vast array of characteristics for successful entrepreneurs, it is vital for entrepreneurs to have a product/customer focus. This is because without customers and a product that appeals to these customers, the business would go nowhere. The business would remain stagnant and thus, this would most likely lead to business cessation. A…

Revenue and profit

Q1 – What is the difference between revenue and profit? A1 – Revenue is the total amount of money that a business takes in during a given period by selling goods and services. Profit is the amount of money a business earns above and beyond what it spends for salaries and other expenses, which is to use revenue to minus salaries and expenses. Q2 – What is the difference between standard of living and quality of life? A2 – The term of standard of living refers to the amount of goods and services people can buy with the money they have. Standard of living is the physical measurement of people’s living. Q3 – What is risk, and how is it…

Advanced Entrepreneurship: Innovation

Innovation is an action taken by individuals to create something that is first formed from an idea in the mind, then studied and researched carefully, and then developed. A new innovation or creation often flies in the face of the established and may be contrary to what is already in the marketplace. To think like an innovator, one must learn to question the world around them, to imagine what might be, and to create in one’s mind an image of something that does not exist. This is a different way of thinking that is rare and often misunderstood. Many of us know of products, appliances, household products, things we use at school or in our jobs, tools, equipment, so on…

Entrepreneur Interview

The person I chose to interview is the owner of the company at my current place of work. Larry Godwin is the owner of Godwin Company, Inc, which is a forklift and golf car sales, and service company. Larry worked on his family farm growing up in Arkansas after leaving school in the fourth grade and then moved to Indianapolis when he was 18 years old and began working for a fan company. He got an opportunity for an apprenticeship position at a tool and die company doing mainly forklift repairs. After that he went to work for Westinghouse, rebuilding electrical equipment, doing machine work, and maintaining their forklifts. He then decided to work for Kidney-Wood, a tow motor distributor,…

Corporate Entrepreneurship

1. Differentiate Entrepreneurship, Intrapreneurship, Ultrapreneurship? Entrepreneurship talks about the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. When we Say Entrepreneurship this will also talks about a certain entrepreneurs who manage their own business in some reason. The most obvious example of entrepreneurship is the starting of new businesses. Entrepreneurship comes from the French verb ‘Entreprendre’ which means ‘to undertake’. Difference between an entrepreneurship and an intrapreneurship: An entrepreneur takes substantial risk in being the owner and operator of a business with expectations of financial profit and other rewards that the business may generate. On the contrary, an intrapreneur is an individual employed by an…

Entrepreneurship Is a Force of Creative Destruction

The process whereby old sources of competitive advantage are destroyed and replaced with new ones is referred to as creative destruction. Entrepreneurship by its very nature makes old knowledge redundant and introduces new knowledge through innovations so that firms could further develop and/or sustain competitive advantages. In this context the spirit of the entrepreneur will always be needed, because the ability to see things differently is precisely at odds with things as they are. The key implication is that entrepreneurial insight is something non-rational which means that although knowledge and rational calculation might be available, there will always be a demand to go beyond the planned and the calculated, or at least to take an unorthodox and unconventional perspective. According…

Challenges and Opportunities for Entrepreneurs and Business Owners

Rick Suttle Rick Suttle has been writing professionally since 2009, publishing health and business articles on various websites. He has worked in corporate marketing research and as a copywriter. Suttle has a Bachelor of Science in marketing from Miami University and a Master of Business Administration from California Coast University. Business owners often face challenges with financing their companies. Business owners face many challenges when running companies. Competition can be stiff in any industry. Thus, you must find time to keep track of what key competitors are doing. Consumer preferences can also change over time, so you must fully understand what products and features your customers want. You also will face other key challenges with regard to capital, employees and…

Importance of a Logo for Any Business

Many a time, entrepreneurs wonder what a good logo meant for the business? A long set of questions may erupts in minds of business people regarding the importance of logo to business like why is it important, does it matter what it looks like, besides many others. In this article, I just want to clear up the haze from this aspect and we will do an analysis regarding the value that you place on having a good logo for your business. Now a days, a logo is very important from the business point of view. Experts say that it speaks volume about the company and some further adds that business logo is capable of making or breaking the business. In…

Introduction of Old Town

The OLDTOWN story began in 1958, in Ipoh Town Perak, Malaysia. It all started at the White Café – a classic coffee shop. The owner, inspired with a vision and the passion to make and serve fine coffee, created a secret white coffee blend. White Café can be traced back in 1999, which the co-founder and Executive Directors, Mr Goh Ching Mun and Mr Tan Say Yap produce their own 3-in-1 instant white coffee. Old Town White Coffee currently in November 2010 has 177 outlets which had rapidly increasing Malaysia include in Singapore and planning to have more. Old Town White Coffee tagline is “Take Your Time, Savor Every Moment”, this idea come from Ipoh, the origin, people living in…

Jadelink Market

Comentario en Internet de Harvard Business Review : “The experienced entrepreneurial chief executive officer (CEO) of Jadelink International Limited strives to create a modern jewelry brand representing a new perception in jade. The CEO has achieved early success of growing sales rapidly and bringing Jadelink products to Shanghai, the trendiest city in China. But the company wants to expand business to the Asian and international luxury goods markets. This requires intensive capital to continue to build up the company scale. This case examines the consideration of venturing a new business in the China market, managing business growth and acquiring venture capital. It also allows discussion of factors leading to a successful entrepreneurship and dealing with business highly associated with industry…

Influences and Characteristics of Entrepreneurial Behavior

Management skill and strong team building abilities are often perceived as essential leadership attributes[3] for successful entrepreneurs. Robert B. Reich considers leadership, management ability, and team-building as essential qualities of an entrepreneur. This concept has its origins in the work of Richard Cantillon in his Essai sur la Nature du Commerce en (1755) and Jean-Baptiste Say[4] in his Treatise on Political Economy. Psychological studies show that the psychological propensities for male and female entrepreneurs are more similar than different. A growing body of work shows that entrepreneurial behavior is dependent on social and economic factors. For example, countries with healthy and diversified labor markets or stronger safety nets show a more favorable ratio of opportunity-driven rather than necessity-driven women entrepreneurs….

They’re Not Employees, They’re People

I found this article to be very interesting. Business analyst, Peter Drucker explained the changing dynamics of the workforce and covered “two extraordinary changes in the business world” as he stated in the article that has taken many by surprise. The first one is the overwhelming number of people in organizations that are not traditional employees and secondly, how many businesses have outsourced employee relations. The rise of the temporary worker has been unbelievable. Incredibly, 8 million to 10 million temporary workers are placed each day worldwide. Adecco is the world’s biggest private employer which places nearly 700,000 temporary and fulltime clerical, industrial, and technical associates worldwide. They do 250,000 workers in the United Sates alone. What I found mind…

Abul Kashem Haider

Early life Abul Kashem Haider, Chairman of the Youth Group was born in Mogdhara Union, Thana, Shandip, Zilla, Chittagong in 1st April 1954. His father Alhaj Sekander Hossain was an educationist and his mother Shafia Khatoon was a housewife. At that time, the education environment Of Shandip was very much discouraging. In most cases, schools & colleges were far away and there were no regular means of transport. This had negative influence among the students making high rate of drop outs. He was the 4th issue of his parents. His father was very much conscious about the children’s education. For this reason, all the brothers & sisters of Mr. Haider had to get themselves admitted into the schools and all…

Mind Your Own Business

What makes someone a successful entrepreneur? It certainly helps to have strong technology skills or expertise in a key area, but these are not defining characteristics of entrepreneurship. Instead, the key qualities are traits such as creativity, the ability to keep going in the face of hardship, and the social skills needed to build great teams. If you want to start a business, it’s essential to learn the specific skills that underpin these qualities. It’s also important to develop entrepreneurial skills if you’re in a job role where you’re expected to develop a business, or “take things forward” more generally. It’s very easy to get lost trying to rate ourselves against our peers or even rate ourselves around society when…

Entrepreneurship

The public perception of entrepreneurs today is almost legendary. They seem to seamlessly start up small businesses and make them grow and develop themselves almost overnight to big successes. (Beaver, 2005) This essay will briefly cover the differences and similarities between managers, business owners and entrepreneurs. Differences and similarities between managers, owners and entrepreneurs Back in the 19th century being a businessman, in other words being an owner-manager, was not regarded a profession. These people were coordinators, arbitrators, innovators, interpreters of the market and risk-takers at the same time. The purpose of their activity ranged from interest from capital to profits for bearing the risk of operation. (Zaratiegui & Rabade, 2005) However they required ownership of over 50 per cent…

Fred Karlsson – Done Deal

Fred Karlsson is a Swedish entrepreneur and co-founder of DoneDeal.ie along with his wife Geraldine, a native of county Wexford where the business was founded and is currently situated. Karlsson is a self-confessed ‘techie’ and was involved in the creation of video games alongside a childhood friend from as early as 14 years of age. Upon graduation from the University of Lund with a diploma in Computer Science in 1997, Fred moved to Ireland for 3 years where he met his wife-to-be before relocating to Australia for a year and Sweden for a further 3 before returning to Ireland in ’04. (Karlsson, 2012) The idea for an Irish online classified ads website emanated in 2005 when the couple wished to…

The Barangay as the Unit of Society

The Barangay as a political unit is the most enduring legacy of our pre-Hispanic past. As pupils we learned that the word barangay traces its roots to balangay – the small but sturdy boats that our Malay ancestors used to navigate the rough seas of the Pacific to settle in these lands. As barangay officials, it would be best to understand the history of this unique political unit so as to better recognize its indispensability to effective local and national governance. Barangay as a Partnership in Governance A barangay also known by its former Spanish adopted name, the barrio, is the smallest administrative division in the Philippines and is the native Filipino term for a village, district or ward. Municipalities…

Women Entrepreneurship in India

Women are generally perceived as home makers with little to do with economy or commerce. But this picture is changing. In Modern India, more and more women are taking up entrepreneurial activity especially in medium and small scale enterprises. Even as women are receiving education, they face the prospect of unemployment. In this background, self employment is regarded as a cure to generate income . The Planning commission as well as the Indian government recognizes the need for women to be part of the mainstream of economic development. Women entrepreneurship is seen as an effective strategy to solve the problems of rural and urban poverty. Traditionally, women in India have been generally found in low productive sectors such as agriculture…

Entrepreneurship

Entrepreneurship as a lot of meaning but for me it divided into two separate fundamental, the first part debate high involve on dichotomy which in a whole set that dividend in two that identify in a entrepreneur joint exhaustive that it only belong in one business to other business but in the other has mutually exhaustive nothing will belong to simulate for both business. The second fundamental an entrepreneurship is a quality or property firm that defined it self. Based on my researching of the theory was given the example for further explain and understand my perception on entrepreneurship like for example the an Entrepreneurial firms are thought of as small (Aldrich & Austen, 1986), organic and network-based rather than…

Entrepreneurship

This report will mainly focus on the traits, characteristics and skills of entrepreneurs used in three different context i. e. small, social and larger scale business, to manage, develop and sustain the business. It initiates with highlighting the term entrepreneur and entrepreneurship from different authors followed by theories on entrepreneurship to get a better understanding of traits and characteristics in detail. Then is states the benefits of entrepreneurial traits and characteristics. It will then focus on how small business entrepreneurs use their traits and skills to develop and manage the business supporting it with detailed examples of the famous entrepreneurs. Further explains the skills and traits used by social entrepreneurs and large-scale entrepreneurs in business with different examples to get…

Toys “R” Us LBO

1. What are the risks and merits of the transaction? This LBO transaction has both risk and profit potential. KKR, Bain, and Vornado Realty Trust face risk because the industry that Toys “R” Us (toys) is currently in, the retail toy industry, is in a decline. Industry sales have been down 4% in the last year, and analysts don’t have a positive projection for future sales in the US. This declining industry, and threat of new competitors such as Walmart and Target, make it hard to be profitable which makes it extremely risky for KKR, Bain, and Vornado. Another factor that needs to be considered when calculating risk, is that this transaction is a club deal, meaning that more than…

Entrepreneurship Education as the Emerging Trend in Pakistan

For the developing world, the emerging trend is entrepreneurship education in itself. It is significant and considered a powerful tool for propelling economic growth, as significant as venture capital and incubators. The youth today is exposed to a world of information and rapid change. He is prone to be the captain of his ship more than ever before. Hence the objective is to create awareness of trends and issues being faced in Entrepreneurship Education programs and see how Pakistan can gain from the experience of the developed world. It is also the objective to see how programs have to be designed for teaching and learning by the new generation of the future. The research methodology has been to examine relevant…

Entrepreneurship In The Philippines

The Philippines is a highly entrepreneurial country. The main reason that drives its entrepreneur spirit is its poverty. Small and medium-sized enterprises (SME) account for the largest share of Philippine entrepreneurs. SMEs, including micro-enterprises, account for 99 percent of all business establishments and 60 percent of the exporting firms in the Philippines. SMEs currently employ about 55 percent of the Philippine labor force and contribute 30 percent to total domestic volume sales. Women hold significant leadership positions in national and local government, universities, business corporations and family business enterprises in the Philippines. 51% of entrepreneurs in Philippines are female. Challenges for entrepreneurs in Philippines include a lack of research and development, inadequate access to technology, financing—most entrepreneurs starting small business…

Entrepreneurial Ambitions

Abstract An entrepreneur is someone who goes into business for themselves, hoping to expand and maximize profit. Throughout this report, I will briefly explain two of the premiere entrepreneurs who took a risk and it paid off. Entrepreneurial Ambitions It’s not about the price one charges for his goods and services, nor is it about the competition or how to beat them. It’s all about the customers and clients. Your clients are the ones who generally decided whether your product fails or succeeds (goods, services, 2008). Many famous and non famous entrepreneurs become who they are for a plethora of reasons. Some embark on this experience to avoid being taken advantage of, conflict in work environment, but most just want…

Role of the Entrepreneur in Setting Up a Business

Entrepreneurs are the individuals who start new businesses in the economic marketplace. These individuals may start businesses for a variety of reasons, including working for their own self-interest, making more money, improving their local community or enhancing their quality of life. While entrepreneurs may face a number of issues when starting a business, they usually have the psychological resolve and positive outlook to overcome these issues. Other People Are Reading * Help With Setting up a New Business * How to Start an Entrepreneur Cosmetic Business 1. Facts * Entrepreneurs usually offer the vision, goals and objectives for their start-up companies. Goals and objectives oftentimes are simple during the early stages of the company; goals typically include building a strong…

Entrepreneurial Growth

This course is for students who want to explore the challenges of running and growing an entrepreneurial company or a division of an established firm. We start by looking at the most basic question. Can the firm grow; should the firm grow? Since growth is a choice, we will also look at the trade-offs between aggressive growth and what venture capitalists call “life style” businesses. We will also look at the importance of identifying opportunities for new product development and responding to competitive threats. We will then look at how managers can learn how to identify and respond to strategic inflection points that shape the growth potential of all firms. This is a critical first step before one can decide…