History of entrepreneurship[edit] Etymology and historical usage[edit] First used in 1723‚ today the term entrepreneur implies qualities of leadership‚ initiative and innovation in manufacturing‚ delivery‚ and/or services. Economist Robert Reich has called team-building‚ leadership and management ability essential qualities for the entrepreneur.[5] The successful companies of the future‚ he has said‚ will be those that offer a new model for working relationships based on collaboration and mutual
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ENTREPRENEURSHIP Contents 1. Company Information………………………………………………..2-5 2. Macro Environment Element………………………………………..5-7 3. The elements of macro environment that effected Melorita Home Health Sdn Bhd………………………………………………………………………8-10 4. Recommendation to improve macro environment management……10-12 5. Summary………………………………………………………………..12-13 6. References……………………………………………………………….14 Company Information Company Name: Melorita Home Health Sdn Bhd Last Old Name:
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aroma of the coffee‚ memorable fragrant and smoothness. Gentle to stomach‚ do not get inflamed‚ low caffeine‚ pure mild quality‚ suits the requirements for modern taste of life with outstanding aroma. 2.0 General Macro Environment Elements. Entrepreneurship can be defined as the method of utilizing one’s individual creativity and inventiveness to bring in
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Entrepreneurship Executive Summary: This assignment present on innovation of a new product which added substantial value of an organisation and represent significantly new dynamic direction of an organisation. We try to understand historical background and environmental condition that leads to emergence this product .We focus on the approach‚ creativeness‚ ideas‚ attitude‚ market demand‚ customer behaviour‚ creative destruction are behind this innovation. We also find out strategic plan
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Introduction What is an entrepreneurship? Entrepreneurship is the implementation of every people using their own talent such as new idea or new concept to open their own business. Then‚ what is mean by entrepreneur? Entrepreneur not only just a business man‚ it also a risk taker and consists of creativity to create new things or bring some new things to this world. Entrepreneur will always cares about their money‚ because they need money to improve their product to become more creative. In my
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Q1: List three personality traits‚ which are crucial for successful entrepreneur. Discuss them and provide argumentation for your thinking. 1. In my humble opinion‚ for being a successful entrepreneur you should have‚ without any doubts‚ at least a basic knowledge of the economic world; without that you can’t run a business‚ an enterprise or any kind of economic project. Second personal trait that an entrepreneur should have is a really strong personality‚ good ideas and an open mind‚ to be able
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seeing his goal orientated mindset play out in real life. He seems to be all about customer service and rewarding his employees which obviously plays a factor in why his business has been and will continue to expand. 2. After giving him Test 3 from the last assignment‚ it was really funny to see his reaction. He said “wowwwwwww” in almost a shocked kind of way because it told him he would be better as a manager than an entrepreneur which he did not agree with. Even though the results were mainly
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PRODUCT AND INDUSTRY BACKGROUND Nature of the product and consumer buying behavior The new product that is being focus for marketing is the MP3 watch with the brand named QUEEN. The idea for developing the new product is actually come from the nature idea of wristwatch. Today‚ the most common type of watch is the wristwatch. The situation of the watch industry is developing in a fast and advance level. Numbers of function is already being added into the watch. Those functions includes an alarm
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Entrepreneur Interview Assignment Each student will interview an entrepreneur of his/her choice. The goal is to provide you with insights about entrepreneurship that cannot be obtained from classroom experience alone. Chose an entrepreneur in an industry that is personally interesting to you. While you may find it difficult to cold-call an entrepreneur‚ you will find that most entrepreneurs will be honored to be asked about their experiences and will be willing to meet with you. Entrepreneurs’
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collaborative work environment. Creativity and innovation can stem from employees working together to reach a goal. Foster communication between employees and between departments and reward those that work together to solve problems. Encourage your team members to take risks. The opposite of creativity is fear. Employees won’t be creative or innovative if they fear a backlash from failure. Create an environment that is free from fear of failure; treat your employees’ failures as a learning tool
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