This website uses cookies to ensure you have the best experience. Learn more

Entrepreneur Essay

2247 words - 9 pages

BMA 246 -What is entrepreneurship
Jin Mingming 199151

Considering the influence of the context, Entrepreneurship should be perceived as a living and breathing human being, who act as a social animal and is growth with the sensibility to opportunities and threats around.This article is mainly talking about the importance of sensing and manipulating as a entrepreneur. Firstly, two pictures of entrepreneurship will be illustrated with understanding about the principal of entrepreneurship. Afterward, two main differentiate characteristics of entrepreneurship as a life will be summarized together with evidences. Besides, how future entrepreneurship create values will be speculated associating ...view middle of the document...

Baumol pointed out that entrepreneurship is a kind of human behavior applied in not only business area but also others like benevolent or social works. Another scholar Penrose mentioned that even in the context of business, the traditional definition of entrepreneur’s operation also failed to work for all business of different size. Gibb also concluded a series of new traits of entrepreneur, different from the former one, entrepreneurs always operate with informal strategic project planing and behave more opportunity-oriented, they are more tend to develop in green field investment rather than acquisition and prefer flat company structure maintained by organic relationships and trust. They regard the enterprise as their life’s extension (Bridge & O’Neil, 2013)

On the other words, newly-identified entrepreneurship is more like a human-being while the traditional one act as a business-targeted device. Human being are more likely to be influenced by the surroundings including social and peer environment, they have capability of sensing and are more inclined to be influenced by affection.

Environmental influences

Since Entrepreneurship should be seen as a human being, the most significant difference is the impact of environment, namely, people are social animals and entrepreneur’s choice is based on the risk-return assessment of the environment. Generally speaking, environmental factors influencing entrepreneurship mainly include the logical factors like political environment and social capitals, and another non-logical factor—— people’s social circles.

Policy and social capital

In the consideration of risk-benefits assessment, political environment really plays and important role in decision-making of becoming an entrepreneur. When people make logical assessment, the perceived desirability of the goal, the ease of pursuing it, the help available, and the perceive chances of success will be taken into consideration. In an environment that can stimulate the prevalence of entrepreneurship, governments are prone to provide support such as reducing red-tape, encourage with availability of more capital and provide business training and monitoring. In addition, the inspiration to entrepreneurs can be reflected in social capital, Audretsch suggested that the social approval of entrepreneurship is conductive to the creation of new firms. As a result, people will burden less and quicker get into operation, thus fuel the popularity of entrepreneurship.

China is a typical example of the environmental encouragement to entrepreneurship. First of all, Chinese government realized the driver of innovation in 2006 when China became the leading producer of high-tech goods, it was start with a global entrepreneurship program, which acted as a beginning of the social transformation towards creativity as well as entrepreneurship. In 2014, for example, government updated many policies, high-tech business incubator was built to provide training...

Other Papers Like Entrepreneur

Entrepreneur Essay

883 words - 4 pages Dropbox Quick Start What is Dropbox? Dropbox is a free service that lets you bring all your photos, docs, and videos anywhere. Any file you save to your Dropbox will also automatically save to all your computers, phones, and even the Dropbox website. This means that you can start working on your computer at school or the office, and finish on your home computer. Never email yourself a file again! The Dropbox Folder After you install Dropbox on

Become An Entrepreneur Essay

1040 words - 5 pages   What is entrepreneur? Is someone who starts a business or organization. Also who manage their business. But who organizes the stuff of organization. And assume the responsibility of the enterprise. A loanword (entrepreneur) it is defined as an individual who organizes or operates a business or businesses. How to become an entrepreneurship? You can become an entrepreneur by having an idea what you want in the business industries and the

Entrepreneur And Innovation

2817 words - 12 pages are facing increasing competition from other companies and their sales slowed down in the late 1990’s and the company decided to launched a new product (power bar harvest) in different flavors including a sport drinks to increase sales and grow the company. Being a franchisor seems to be a mechanism for growth, but what are the growth prospects for entrepreneurs who are franchisees? Entrepreneur needs

Quotes On Entrepreneur

961 words - 4 pages Entrepreneurship quotes: ENTREPRENEURSHIP QUOTES 1. “Everything started as nothing.” – Ben Weissenstein [tweet] 2. “To any entrepreneur: if you want to do it, do it now. If you don’t, you’re going to regret it.” – Catherine Cook [tweet] 3. “If you’re not doing the things that you love, then your life is not worth living. What are you here for?” – King Sidharth [tweet] 4. “Manual labor sucks, dude.” – Alex Fraiser [tweet] 5. “A lot of

Profile of an Entrepreneur

1410 words - 6 pages Name: Roderick Smart ID#: 92058153 Course Title: New Ventures and Entrepreneurship Course Code: SBCO 6190 Lecturer: Dr. K’adamawe K’Nife Topic: Profile of an Entrepreneur Profile of an Entrepreneur Entrepreneur Mr. Earl Martin CEO and founder of Island Products Manufacturers Start Date 1992 Industry Manufacturing of Chemical Products Innovation Sale of household cleaners in bulk quantities Background Mr. Martin

You Are an Entrepreneur

1649 words - 7 pages You are an Entrepreneur – MP’s Music Specialty Store Marilyn Parham Strayer University ACC 557 Financial Accounting Prof. Olasunmbo August 17, 2015 You are an Entrepreneur – MP’s Music Specialty Store In June of 2015 student life got to the point that more was needed in order to have feelings of fulfillment. The love of music has always been of personal interest and a high priority, not just singing but exploring and collecting old and

Characteristics Of A Successful Entrepreneur

1726 words - 7 pages Characteristics of a Successful Entrepreneur ABSTRACT First, there was an interview with a successful entrepreneur. Second, there was a talk on entrepreneurship by a guest speaker, Mr. Azmi Ahmad (the CEO of Skali.com) and later, an "elevator speech" by fellow students on various issues related to entrepreneurship. This collective information and some reading on entrepreneurship journals, books and articles have brought to the idea on

Anthony T. Rossi, Christian and Entrepreneur

1184 words - 5 pages Anthony T. Rossi, Christian and Entrepreneur Introduction A definition of a successful life is hard to come up with on your own. If you look up a successful life in a dictionary you can find the definition to be the accomplishment of one’s goals, the attainment of wealth, positions, and honors. The true definition is much more than that, there needs to be a spiritual aspect. I believe that a successful life is a fruitful life that points to

You Are an Entrepreneur

1939 words - 8 pages Running Head: BUSINESS DEVELOPMENT Enterpreneurship Introduction There are certain people around the world who look forward to convert their hobbies into the businesses. In the present paper, discussion shall be made regarding one such organization in which, the people are looking forward to convert their hobbies into businesses. The individuals in the organization will look forward to make sure

You'Re and Entrepreneur

1416 words - 6 pages ACC557 – Financial Accounting   The following will describe the mobile car wash, the benefits it has, and provide a chart of accounts explaining the need for each item to be purchased. The type of business that I will create is a mobile car wash. A mobile car wash will solve several business problems. The first business issue that a mobile car wash solves is that “mobile car washes often use less water than traditional car washes

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

1682 words - 7 pages students. Based on the result of the survey, Crant proposed some hypothesises. Particularly, in one of his hypothesises, he says that education will be positively associated with entrepreneurial intentions. Whereas in another one he says that subjects with a parent who is an entrepreneur will have higher entrepreneurial intentions than those whose parents are not entrepreneurs. Again these hypothesises have an implication that an assumption

Related Essays

Entrepreneur Essay

2163 words - 9 pages a. Name and description of the company/business and the background of the entrepreneur prior to starting the enterprise Professional Clippers is the chosen business for analysis. This is a Barbershop situated downstairs a local plaza, Cacique Street Princes Town across the road from pennywise. It was founded in 2000 by Damian Philip, sole owner of the shop. After an interview with Mr. Philip, it was related that in his school days he always

Entrepreneur Essay

1382 words - 6 pages Entrepreneur Interview Essay Considering any business, people imagine rich, prosperous, initiative and resourceful entrepreneurs, who successfully started and developed their own company. Today’s interview deals with spa business. Chief Manager of an International A.B.C. Spa company will help us to understand the system of spa business and its profitability. A.B.C Spa cooperates with world leaders and professionals in this sphere. It

Entrepreneur & Entrepreneurship Essay

5553 words - 23 pages 1 LESSON- 1 ENTREPRENEUR AND ENTREPRENEURSHIP Dr. Jyotsna Sethi STRUCTURE 1.0 Introduction 1.1 Objectives 1.2 Entrepreneurship as a Career Option 1.3 Concepts and Definitions 1.3.1 Entrepreneur 1.3.2 Entrepreneurship 1.3.3 Enterprise 1.3.4 Difference between Entrepreneur and Entrepreneurship 1.4 Role of Entrepreneurship in Economic Development 1.4.1 Entrepreneurship and Economic Development 1.4.2Entrepreneurship and Education 1.5 Functions of

Entrepreneur Essay 825 Words

825 words - 4 pages Entrepreneurship Module Handbook Introduction Welcome to the entrepreneurship course intended to provide students with a solid foundation in terms of the vital role played by entrepreneurs and entrepreneurship in the 21st century global economy. Entrepreneurship is approached as a way of thinking and acting, as an attitude and behaviour. Our emphasis is on entrepreneurship as a manageable process that can be applied in virtually any