Anickia R. Brown
Dr. Calvin Fogle
BUS 508 Contemporary Business
April 26, 2012
According to Boone & Kurtz (2011) “An entrepreneur is a risk taker and their entrepreneurial spirit fuels growth in the United States economy. Besides creating jobs and selling products, entrepreneurship provides the benefit of innovation” (p. 11). In today’s business world, leadership alone is not enough to make a company successful; there must be continual dialogue amongst all involved to operate at the highest levels of efficiency and to achieve optimum results. Entrepreneurs in this capitalistic system can operate business from an approach of profit oriented and/or socially responsible oriented. Profit oriented entrepreneurs primary focus is making money, whereas socially responsible oriented entrepreneurs would like to see profit but does not see that as being the primary goal. These business owners are out to make a difference in society by contributing funds and/or creating other outlets to further different social agendas.
This assignment will describe the entrepreneurial and leadership approach of the profit oriented and the social responsible oriented entrepreneur. It will identify and explain which of the two styles and approaches that may be identified with most. Additionally, resources and tools offered by the Small Business Administration (SBA) and SCORE that would deem beneficial for the type of business and entrepreneurial approach ventured.
Analyze and describe the founding leader(s), leadership style, and major business principles of a profit oriented entrepreneurial approach in which the primary goal is to provide a product or service to consumers and to make a profit.
One example of a profit oriented entrepreneur is Charles Koch of Koch Industries, Inc., an American multinational conglomerate private corporation with subsidiaries across a range of industries (i.e. Georgia-Pacific, INVISTA, Koch Pipeline... [continues]
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