Role of the Entrepreneur in Setting Up a Business By Osmond Vitez‚ eHow Contributor * * * * Print this article 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
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Assignment 1 Man11 Mark Coughlan 19594135 The mangers most basic responsibility is to focus people toward performance of work activities to achieve desired outcomes. A manager is someone who works with and through other people by co-ordinating their work activities to accomplish organisational goals. (Robbins‚ Stagg‚ Coulter‚ 2003‚ p.10) This definition states‚ the fundamental responsibility of a manager‚ is to accomplish the organisations objectives by ’getting things done through people’. There
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Please describe the factors that have most influenced you and your hopes and dreams. How have they shaped you? I come from the bustling capital city of Kathmandu‚ located in the tiny Himalayan nation of Nepal in South Asia. Home to the tallest mountain in the world‚ Mount Everest and wedged between two giant economies‚ India and China‚ I was born and raised in a middleclass family. Although I moved to Hawaii in 2007 for my father’s PhD at the University of Hawaii‚ I returned to Nepal in 2012. Seeing
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these activities are called entrepreneurs. An entrepreneur is one who always searches for change‚ responds to it‚ and exploits it as an opportunity. Assessment of Market Opportunity‚ responding to competition‚ gaining command over scarce resources‚ identifying sources of inputs‚ and marketing of products‚ dealing with public‚ bureaucracy‚ management of human resources‚ technological innovation and improvements in production techniques are prime functions of an entrepreneur. According to Schumpeter
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Training and Developing Employees Multiple Choice: 1. Once employees have been recruited and selected‚ the next step would be: a. discipline and counseling. b. orientation and training. c. hiring and firing. d. socialization. 3. The ongoing process of instilling in all employees the prevailing attitudes‚ standards‚ values‚ and patterns of behavior that are expected by the organization and its departments is: a. values projection. b. orientation. c. socialization.
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whether entrepreneurs are born or made. The Business Dictionary (2014) defines an entrepreneur as “Someone who exercises initiative by organizing a venture to take benefit of an opportunity and‚ as the decision maker‚ decides what‚ how‚ and how much of a good or service will be produced.” There is a debate as to whether or not there is such a thing as an ‘entrepreneur gene’ or are entrepreneurs taught and made through experience. Richard Baister (2007) states that “being an entrepreneur is not
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In order to be an effective manager‚ one needs to build a foundation in order to be successful. An effective manager pays attention to many facets of management‚ leadership‚ and learning within the organization. It is important for a manger to be a person that others want to follow. In this essay‚ I will outline what I feel are important aspects in a successful foundation for a management career. Firstly‚ in order to be successful as a manger I will need to build effective interpersonal relationships
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The Most Effective Literary Element in “Cathedral” and Reasons for its Effectiveness Raymond Carver uses the literary elements of characterization and point of view to make Cathedral an effective story. While Cathedral appears to just be a story about a visit between two old friends and the narrator‚ I see it as a journey between two men which shows the audience that it is possible to break personal barriers and stereotypes. Cathedral’s main characters are the narrator‚ his wife‚ and Robert the
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THAMES VALLEY UNIVERSITY LONDON BACHELOR IN BUSINESS ADMINISTRATION (BBA) Enterprise Development & Business ASSIGNMENT Summary The entrepreneur has long ties with Giorgio Armani. Giorgio Armani’s talent and his entrepreneurial spirit are the two qualities which have enabled him to achieve great success in building a genuine fashion empire since launching his own business in 1973 His evolution in taste and style has led Armani to eliminate the superfluous‚ emphasize the comfortable
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you just don’t have what it takes? Do you look at the Donald Trumps in the world and wonder if you could ever really be successful in business? Fallacy #1: Entrepreneurs are born‚ not made I admit that I know two guys whom I would swear were born with a risk-taking‚ want-to-be-a-millionaire‚ nothing-is-going-to-stop-me spirit. But most of the business owners I know entered entrepreneurial-land through the back door. Some realized that they knew more than everyone else in their industry but
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