Panino Restaurant The entrepreneur that I interviewed was Lydia Patterson. In 1989‚ Lydia and her husband‚ Lou‚ decided to start planning to open up a new Italian restaurant in Virginia. The restaurant industry‚ especially in the Washington DC area is very competitive. It is highly competitive with respect to price‚ value and promotions‚ service‚ location‚ and food quality. There are a substantial number of restaurant operations that compete for customer traffic‚ some of which have significantly
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IMPLICATIONS OF MICRO-ECONOMIC MARKET FAILURES IN TELECOMMUNICATIONS – THE CASE OF SA. Nicola Theron ECONEX www.econex.co.za Department of Economics University of Stellenbosch nmb@sun.ac.za 1. INTRODUCTION This paper will examine the micro-economic market failures and the rationale for regulation in the South African telecommunications sector. The role of telecommunications in economic growth will be emphasized by analysing the effect that the micro-economic market failures can have on economic growth
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* An entrepreneur is a risk taker. They operate a business‚ but in order to start the business they must take a risk. The role of the entrepreneur The role of the entrepreneur is to identify a new idea or a new way of offering a good or a service‚ or to adapt an existing product or service. This involves : * An element of risk The characteristics of successful entrepreneurs Joe buys a café and employs 7 people‚ what are his most important characteristics of an entrepreneur? * Leadership
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one of my early projects at Monitor Group. The project was meant to develop a set of plausible scenarios for evaluating the potential impacts of the melting Arctic ice-cap on Singapore’s status as a transshipment hub. As the leading analyst on the case‚ I was entrusted with responsibility for presenting findings to clients from different backgrounds. On the day before‚ I presented the exact same material to academic experts‚ and the scenarios were well received. However‚ when I then handled 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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Equilibrium in Financial Markets with Adverse Selection* Tuomas Takalo and Otto Toivanen Bank of Finland and Helsinki School of Economics This draft: 25th November‚ 2002 ABSTRACT We study the determinants of equity and loan financing in an equilibrium model of financial markets with adverse selection. In our model all agents are endowed with initial wealth and choose to invest as entrepreneurs or financiers‚ or not to invest. We find that i) equilibrium financial contracts are either equity-like
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identify needs in the market place. It is an act of initiative‚ drive‚ commitment‚ perseverance‚ organized effort‚ and achievement outlook‚ to undertake some specific functions of performing productive activities and the capacity to bear and associated with the investment. The individual or groups who perform 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
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Launching a New Venture | Are entrepreneurs born or made? | ID: 1011838 2011-3-19 Word Count: 2‚438 | Introduction The term entrepreneur is not a recent invention. It was first coined in the eighteenth century by Richard Cantillon‚ who identified the risk-bearing function of an entrepreneur (Jennings et al. 1994). According to Morrison (1999 p30)‚ entrepreneurs can be regarded as “first among equals in the process of wealth creation”. Moreover‚ entrepreneurs are presented as economic heroes
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SYSTEM FAILURE CASE STUDIES SEPTEMBER 2009 VOLUME 3 ISSUE 06 A Half-Inch to Failure At 6:05 pm‚ on Wednesday‚ August 1‚ 2007‚ the Interstate-35 West (I-35W) bridge over the Mississippi River in Minneapolis collapsed. On the day of the collapse‚ four of the bridge’s eight lanes were closed for planned construction. Four weak connector plates fractured under the combined burden of rush hour traffic‚ concentrated construction equipment‚ and previous heavy renovations. The bridge fell 108
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Introduction 1.1 Introduction: Entrepreneurs are arguably the most important actors in our economy: the creators of new wealth and new jobs‚ the inventors of new products and services‚ and the revolutionizes of society and the economy. Yet despite their centrality‚ little is known about entrepreneurs: what motivates them‚ how they emerge‚ why they succeed. We know even less about who becomes an entrepreneur‚ and why. Women are one particularly understudied group of entrepreneurs. We know very little about
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