entrepreneurial skills and personal qualities that highly needed to run the business successfully by the entrepreneurs. Based on the list provided below‚ explain each of the elements with relevant examples (If needed) in the business perspective. Opportunistic Entrepreneurs who are opportunity-orientated will first and foremost focus on growth opportunity than the business and its resources. Entrepreneurs in the 21st century not only must be able to see and grab opportunity whenever there is but also
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http://www.scribd.com Interview with an entrepreneur Brief characterization PHU Restauracja Dwa Ksiyce The restaurant was founded in 2006 in Lodz. From the beginning‚ it was a restaurant with possibilityto organize closed parties like birthday party‚ wedding and so on. After market confrontation‚restaurant was changed into a pub oriented directly to teenagers. The organization of events waspreserved. The company employed in the beginning 3 people‚ then 8 person.1. What was motivated you
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1. My grandfather‚ because he owned multiple successful businesses. 2. Automobile sales and vendor sales 3. Most employees are part of my family. We have multiple divisions of the business‚ including advertising‚ vendor spacing‚ auction management‚ and ticket sales. It is a sole proprietorship founded and currently owned by myself‚ but I plan to pass it down to my children. 4. An advantage to my method of business organization is the trust and knowledge of my employees considering most of them
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central underlying dimensions: innovation‚ risk-taking and proactiveness. Entrepreneurship and creativity makes significant contribution to the success of firms and to the economic growth of the nation (Schumpter J.A‚ 1998). Creativity enables the entrepreneur to act on these opportunities in ways which can result in competitive advantage for the organization. It can provide the basis for innovation and business growth‚ as well as impacting positively on society generally (Bilton‚ 2007). I think
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“An entrepreneur tends to bite off a little more than he can chew hoping he’ll quickly learn how to chew it.” (Roy Ash) Thirty-two years ago‚ Steve Celar embarked on the journey of starting up his first business. After many years of struggle and hard work‚ his business has expanded into different areas other than what he had originally intended‚ all of those businesses are centered on cars but mainly‚ Hot Rods. Steve is the founder and sole-proprietor of Kalamity Kars‚ and Kalamity Krash Repair
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Entrepreneur Hall of Fame | | Prepared for: Selina Tomasich Course Coordinator Innovation‚ Creativity and EntrepreneurshipWritten by: Ainsley Coomber student University of the Sunshine CoastStudent ID: 1062239Submission Date:Word Count: | Executive Summary This report is to recommend an appropriate funding body for the retail industry. This report analysis business entrepreneur Sam Walton and how he made a successful organisation Wal-Mart. Included are definitions of an entrepreneur opportunity
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Young Entrepreneur -The Way Ahead -Vivek Krishna.K Entrepreneurship is the practice of starting new organizations‚ particularly new businesses generally in response to identified opportunities. Entrepreneurship is often a difficult undertaking‚ as a majority of new businesses fail. Entrepreneurial activities are substantially different depending on the type of organization that is being started. Entrepreneurship ranges in scale from solo projects
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Essay on Entrepreneurs There are many advantages when being an entrepreneur‚ some of which benefit a lot of the families all over the world. One of the many benefits offered when being an entrepreneur is‚ having time to spend with your family. It is said that families who have an enterprise can concentrate on their personal life and parents can have a more healthy relationship. The advantage would be that family members can be involved in the business as well. Both husbands and wives can help
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It is not mandatory to be a "born entrepreneur" in order to succeed in business world (Klein‚ K). But‚ written by (Mathews‚ R et al) in the Academy of Entrepreneurs‚ it states that according to a study by Northeastern University’s School of Technological Entrepreneurship in 2006‚ it showed that “entrepreneurs are born‚ not made” (Taylor 2006). Thus it will be argued that entrepreneurs are neither born nor made‚ and rather that they can learn to have an entrepreneurial mind but‚ that it does help
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encourage foreign direct investment (FDI) by multinational corporations (MNC). However‚ MNC are not able to fully understand local consumers‚ implying that production is less likely to be at the efficiency frontier‚ implying the need for local entrepreneurs (Corbett‚ 2008). More pointedly‚ what has also been generally accepted is the notion that for economic growth to be self-sustaining the allocation of resources to production should be based on consumption priorities as revealed by the prices (values)
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