Business Entrepreneurs Essay

925 words - 4 pages

The entrepreneur is the pioneer, the managers the applier of existing best practices. The entrepreneur engages in strategic activity, the managers need to focus on tactical or operational activity. The entrepreneur formulates a strategy, the manager implements that strategy. Business success will depend on the continuing renewal and application of the entrepreneurial spirits. Business success depends on the application and an efficient management team. The attrition rate of any new business is extremely high. In the US, the supporter of the entrepreneurial spirit, numerous new enterprises will fail each year. However in a long-term historical perspective, business success is short-lived. ...view middle of the document...

Companies may however, choose a stability strategy because the entrepreneur is mostly generating employment for family members. Providing the family a "decent living”, and being the "boss" of a firm small enough that he or she can manage it comfortably. Finally some business owners don't pursue a growth strategy because they do not want the loss of control that results from bank debt or the sale of stock to outsiders.

Question 12
What are advantages and disadvantages of privatization of state- owned business?
The privatization of state-owned business enterprises is likely to continue globally for most of these enterprises must expand internationally in order to survive in the increasingly global environment. They cannot compete successfully if they are forced to follow inefficient. Policies and regulations emphasizing employment over efficiency rather than economically oriented, international practices will emphasize efficiency over employment. The global trend to privatization will probably continue until each country reaches the point where the efficiency of business is counter by the effectiveness of the not-for-profit of economy. However as political motives overcome economic ones, government will likely interfere with that decision.
Some of the advantages of taking a company from state-owned to a private company are that it will force the company to operate efficiently without state subsidies. If you do not do so you will go out of business. You will be forced to compete with other companies and will have to reduce your costs.
Some of the disadvantage is that a company will no longer operate in the public interest. While a state owned company primarily serves the citizens of the state, the primary goals of a privately operated company are to make profit. It may make these profits at the expense of its customers without serving them properly.

A number of not-for–profit...

Other Papers Like Business Entrepreneurs

The Entrepreneurs Marketing Guide Book Report

696 words - 3 pages Lenee Bernal Business 117 Dr. Gary W. Lawson The Entrepreneurs Marketing Guide Book Report Book written by: Gary W. Lawson Ph.D. I found this book to be very well thought out and well written. Most business owners should actually have a copy of this book and use it as a guide. The way that the author explains marketing in depth as well as the importance of marketing shows that he really cares about the Entrepreneurs business

Were The Nineteenth-Century Entrepreneurs "Robber Barons"?

811 words - 4 pages Were the Nineteenth-Century Entrepreneurs “Robber Barons”? Throughout the nineteenth century, the United States had just experienced a transformation that has revolutionized the world of business. The industrial revolution has brought in many new innovations such as, the railroad, a new method of effective and efficient transportation, and machinery which would increase the manufacturing process ten-fold. As new and effective manufacturing

Entrepreneurs and Their Contribution to Society

861 words - 4 pages Entrepreneurs and their contributions to society- A local investigation Blanchard’s heating and Cooling has been in the refrigeration and air conditioning business for the past 17 years. The business is owned by Ivan Blanchard. It is located downtown Corner Brook, on 37 Brook street. I have recently interview Mr. Blanchard about his entrepreneur opinions and experiences to get a better understanding of why he has chosen this path. 1

Women Entrepreneurs

3894 words - 16 pages Journal of Emerging Trends in Educational Research and Policy Studies (JETERAPS) 1 (2): 50-54 Journal of Emerging Trends in Educational Research and Policy Studies (JETERAPS) 1 (2): 50-54 © Scholarlink Research Institute Journals, 2010 jeteraps.scholarlinkresearch.org Empowering Female Youth for Leadership through Higher Education in Nigeria 1 Adegun Olajire Adeola and 2Akomolafe Comfort Olufunke 2 Institute of Education, University of

The Importance Of Young Entrepreneurs In Society

2143 words - 9 pages Daniel Gonzalez 13/06/2015 English 12 Topic, Thesis Statement, Main ideas: Argumentative Essay 13 Minutes Thesis Statement: Every young person should be an entrepreneur, because it gives him the opportunity to build his own future, set an example in society, and help his family since he is young. List of main ideas: 1. Experience for the future. 2. Build your

There Is a Lot of Debate Within the Academic Literature About the Personality Traits and Characteristics That Are Associated with Successful Entrepreneurs. with Reference to Appropriate Academic...

1488 words - 6 pages research was carried out in Palestine in which 285 entrepreneurs contributed (Elmuti et al. 2011). The findings of this survey were as follows; motivation was the determinant for business ownerships, and also the factors that contributed to the success of the entrepreneurs. The responses from the surveys found out that personalities were found to be the main determinant of success of the entrepreneurs. This is also slightly agreeing with what Nga

Business Structures

576 words - 3 pages Business Structures Business Structures Entrepreneurs should focus on the determining the best business structures based on their needs and the needs of their businesses (Cody, 2007). Entrepreneurs will work comfortably and obtain enough income upon choosing business structures that fulfill their needs accurately. The video shows different business structures from which business entrepreneurs can choose

Small Businesses In The Economic Development

1018 words - 5 pages themselves a competitive advantage. It will further go on to identify and explain some entrepreneurial characteristics of our local entrepreneurs, while finally shedding light on how business opportunities are created. Role of Small Businesses in Zambia’s Economy According to the June 2010 Zambian Business Survey, it was noted that 80 % of the private sector in Zambia are small businesses with less than 50 employees. “These firms constitute

Characteristics Of A Successful Entrepreneur

1726 words - 7 pages writing this paper, towards certain perspective, on successful entrepreneurial characteristics. This paper examines the myths associated with what it takes to be an entrepreneur, the profiles and the common characteristics among these successful entrepreneurs. INTRODUCTION The first definition on entrepreneur was simply someone who invented something. Eventually, it turned into someone who owned a business. But the best definition, the one used

A Primer in Entrepreneurship

2413 words - 10 pages A primer in Entrepreneurship Prof. Dr. Ulrich Kaiser Institute for Strategy and Business Economics University of Zurich Spring semester 2008 Chapter 1: Introduction to Entrepreneurship Table of Contents I. II. Introduction to Entrepreneurship p p Changing Demographics of Entrepreneurs III. Entrepreneurship’s Importance IV. The Entrepreneurial Process University of Zurich ISU – Institute for Strategy and Business Economics Ulrich

The Main Diffirence Between Manager and Entrepreneur Is Risk Taking Propensity.Doc

1682 words - 7 pages about what makes an entrepreneur. Psychologist Adrian Atkinson, who is chief executive of Human Factors International, a business-psychology consultancy, adamant that entrepreneurs are born but not made. Relying on his research in conjunction with the Prince’s Trust, Atkinson says that ‘this theory that anyone can become an entrepreneur is absolute nonsense. And what is terrible about that message is that it is making people risk their money and

Related Essays

Entrepreneurs Case Study

1168 words - 5 pages Running head: Entrepreneurs’ Fears Case Study Entrepreneurs’ Fears Case Study Introduction The White House would like to raise exports by small business, however the unreliability of the global market is frightening the enterprise. President Obama would like to help out small businesses by asking Export-Import Bank to rise export funding by more than a third, to 6 billion dollars. With these increases he hopes to double American

Advantages And Disadvantages Of Entrepreneurs Essay

576 words - 3 pages Why innovation is important for entrepreneurs? Innovation is a process to convert the ideas into unique and valuable product or services for those customers are willing to pay. Entrepreneurs are the persons who start a new business. Following are the reasons of innovation’s importance for entrepreneurs: Example: Mr. Sadruddin Hashwani (Hashoo’s group) is well known entrepreneur who make his name in the field of Real Estate, Oil & Gas, and

Entrepreneurs Are Made Not Born Essay

2330 words - 10 pages across a variety of industries, says that 95,1 percent of respondents had earned bachelor’s degree and 47 percent had more advanced degree. This is totally indicative about the power of education, how a higher education can lead you to make this step and become an entrepreneur. A bit more than a half of the asked entrepreneurs said that they were the first in their families to launch a business. 75,4 percent had worked as employers at other

Entrepreneurs Are Born And Not Made?

1402 words - 6 pages work and education. Stated in an article by Karen E. Klein it is believed that a study by the University of California shows ‘87 percent of successful entrepreneurs start companies in niches where they already have business experience.’ This would suggest that an entrepreneur’s previous career would massively influence their choice in business venture. Education is also extremely influential. It is widely known that as a whole, people who go