1. Describe what an entrepreneur is‚ using examples to illustrate why Peter Cruddas is a good example of an entrepreneur. ANS : An entrepreneur is a person who organizes and manages a business undertaking‚ assuming the risk for the sake of profit. An entrepreneur needs to be good at risk taking‚ organization and innovation. This case study focuses on the entrepreneur Peter Cruddas‚ who set up his own business CMC Markets in the early 1990s with just £10‚000 of capital. Peter was able to spot a
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Characteristics of successful entrepreneurs 3. McGregor’s view was that theory X amounted to “treating people as children”. Should we deduce from this that a Theory X approach on part of teachers will produce the best results in the classroom? (10) Firstly‚ Theory X managers assume a number of things about the workers: they assume they don’t want to work‚ lack ambition and discipline is essential to make them work. For these reasons‚ the leadership style of theory X managers is autocratic- orders
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Chapter Eight: Entrepreneurial Strategy and Competitive Dynamics1. Explain how the combination of opportunities‚ resources‚ and entrepreneurshelps determine the character and strategic direction of an entrepreneurialfirm.2. What is the difference between discovery and evaluation in the process of opportunity recognition? Give an example of each. The discovery phase refers to the process of becoming aware of a new businessconcept. The discovery of new opportunities is often spontaneous and unexpected
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ENTREPENEUR IS BETTER THAN EMPLOYEE Entrepreneur is someone who is brave to take a risk in order to get benefits. Entrepreneurs have to have entrepreneurship‚ the process of seeking business opportunities under conditions or risks. Any person who wants to become an entrepreneur should have the spirit of entrepreneurship. However‚ each entrepreneur has different goals. For example‚ in the rainy season‚ an entrepreneur should be able to innovate by making a new product like hot beverages which can
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Which is the more important influence on entrepreneurial individuals: their personal character or the environment in which they operate? Explain. The foundation for success for any potential and current entrepreneur is the possession of the right set of character traits needed to pursue any innovation or invention. These may vary with the external environment and/ or the industry in which entrepreneur wishes to indulge in. This external environment is composed of political‚ economic‚ socio-cultural
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TITLE: INSIGHT INTO THE ENTREPRENEURAL FAILURE CASE STUDY: DREAM DEFERRED: THE STORY OF A HIGH-TECH ENTREPRENEUR IN A LOW-TECH WORLD. Table of Content 1. Cover /Title Page …………………………………………………………………………………………. Page 1 2. Table of Content/ List of Exhibits ……………………………………………………………………. Page 1 3. Executive Summary …………………………………………………………………………………………. Page 1 4. Introduction …………………………………………………………………………………………………….. Page 2 5. Main Report …………………………………………………………………………………………………….. Page 2 6
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Entrepreneur VS. Intrepreneur 1. What is an entrepreneur? SBA. Gov states that an entrepreneur is a person that organizes and manages a business and assumes the risk to make a profit. Entrepreneurs see an opportunity‚ make a plan‚ start the business‚ manage the business‚ and receive the profits. The word entrepreneur is French and is used to describe an individual who organizes and operates a business or businesses and taking on financial risk to do so. 2. The attributes which typify
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THE ROLE OF ENTREPRENEURSHIP IN INDIA’S FUTURE ECONOMIC DEVELOPMENT The progress of Indian economic development from 1947 to the present provides further evidence that individuals do respond to incentives in their pursuit of self-survival and accumulation of wealth. Further‚ the nature of this response depends on the economic climate‚ particularly the role of the government. India’s economy struggled as long as it was based in a system of government regulation with little interaction with
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Capitalist ethos of Benjamin Franklin By Julfikar Islam Coordinator Research and Development www.futurestartup.com Entrepreneur is by nature expansionist. May be‚ she starts from a very tiny space‚ her sight touches the sky. She works for it to make the path more visible‚ clearer. Throughout the journey of expansion she maintains some ethos. She avoids ostentations and unnecessary expenditure as well as conscious enjoyment of power and is embarrassed by the outward signs of social recognition
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BUSINESS MANAGEMENT ( FMG0044 ) ASSIGNMENT 1 : “ THE SUCCESSFUL ENTREPRENEURS ” Lecturer : Sir Azizi Name : 1) Ahmad Zul Iqmal B. Zulkifli (012012051643) 2) Khoo Chee Hong (012012050692) CONTENT 1) Introduction 2) Profile / Background of the entrepreneur 3) The success characteristics / traits of the entrepreneur 4) How should I imply his / her success attitude to improve my personal development / my life ? 5) Conclusion INTRODUCTION Entrepreneurship
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