to begin and we study on another’s examples as it is possible to avoid some problems. On the other hand it depends on the person how he can use this knowledge from lesson more efficiently for his firm. 2. It seems to me that our collegiate entrepreneurs face a lot of barriers with schedule or time management‚ because they need to pass their course while they control their own businesses. Also when person launching his own business and it’s connected with producing product‚ he need demand for his
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Entrepreneur and the Opportunity In terms of entrepreneur‚ this opportunity requires various creativity and great leadership‚ which can be conducted into a creative environment as well as healthy and efficient management system. For example‚ Spit-ball is niche ad service agency‚ and there are only 5 to 7 staff members to operate the whole company when it founded‚ even for now. There would be little concern about reaching a consensus‚ and the managerial team might exert its best ability. However‚
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MTO- Made to order A business production strategy that typically allows consumers to purchase products that are customized to their specifications. This strategy only manufactures the end product once the customer places the order. This creates additional wait time for the consumer to receive the product‚ but allows for more flexible customization compared to purchasing from retailers’ shelves The make to order (MTO) strategy relieves the problems of excessive inventory that is common with the traditional
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Why I believe I can be an Entrepreneur. To be a successful Entrepreneur one must believe that he has the power to change the future for himself and for the world around him. The world is home to various intellectual believes‚ some traditional and some radical. Among the radical ones‚ a particular ideology is very close to my heart and lends vision to my dreams of entrepreneurship. In one of his interviews‚ Steve Jobs said “When you grow up‚ you’re told the world is the way it is and you’re existence
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Regardless of your definition of success‚ there are‚ oddly enough‚ a great number of common characteristics that are shared by successful businesspeople. You can place a check beside each characteristic that you feel that you possess. This way‚ you can see how you stack up. Even if you don’t have all of these characteristics‚ don’t fret. Most can be learned with practice and by developing a winning attitude‚ especially if you set goals and apply yourself‚ through strategic planning‚ to reach those
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Introduction Entrepreneurs play a key role in any economy. These are the people who have the skills and initiative necessary to take good new ideas to market and make the right decisions to make the idea profitable. The reward for the risks taken is the potential economic profits the entrepreneur could earn. There is a large literature devoted to the study of entrepreneurshipi n economics and related disciplines. The origin of the studies of entre-preneurship is the mature market economy. Jo-seph
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In traditional models‚ firm internationalization is seen as a gradual process of capability build-up by which firms slowly accumulate the resources necessary to face foreign market uncertainty (Eriksson‚ Johanson‚ Majkgard‚ & Sharma‚ 1997). These models assume that firms grow in their domestic markets before they start to export extensively. This is supposedly so because there is a learning process involved in facing unknown markets‚ and such a process requires knowledge and resources to face and
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The issue of IT entrepreneur shortage in China Technology has been a very influential matter to all of us in general. For some people it means new and exciting things but for others is a set of challenging thing about to take a turn for the better or for the worst. Technology although good has been affecting not only how people communicate‚ but also the way they think or react to things. It has also changed how people write‚ read‚ the way they communicate and interacts with others. I believe
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Growth Phases and Survival of Born Globals - Case: Finnish Software Firms International Business Master ’s thesis Shiho Hashimoto 2011 Department of Marketing and Management Aalto University School of Economics ABSTRACT Helsinki: AALTO UNIVERSITY SCHOOL OF ECONOMICS‚ 2011 International Business: Master’s Thesis Shiho Hashimoto Objectives of the Research This study was part of the “Born Global Growth and Survival” joint project by Aalto University School of Economics and University
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of their economy. In the wake of rising importance of entrepreneurship‚ various disputes over it‚ have increased. One such dispute is weather the entrepreneurs are born or made. The primary objective of this work is to compare and contrast the two schools of thought and based on the research make a reasonable conclusion. Entrepreneurs: born or made? Firstly it is worth to identify what actually entrepreneurship is. Generally talking‚ there are many definitions of entrepreneurship. Many authors
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