Not unlike its sister field of leadership‚ entrepreneurship has long struggled to identify a coherent theoretical and conceptual framework capable of explaining the phenomenon known as “entrepreneurship” and more importantly the role of the “entrepreneur.” The focus of this paper is to examine similarities and differences between the fields of leadership and entrepreneurship and create a working definition of the “entrepreneurial leader.” The field of entrepreneurship has long held that there
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Social Enterprise and Social Entrepreneurship Towards a Convergent Theory of the Entrepreneurial Process (Chell‚ 2007) Whereas traditional corporations are premised upon profit maximisation‚ and entrepreneurs are similarly focused on generating profits and returns‚ social entrepreneurs are – in addition – deeply cognisant of the need to generate returns for their communities and societies. Given the growing protests against large companies after the recent global financial crisis‚ the perceived
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1. Explain in detail what theories and concepts you learned in class are helpful to understand the case. The case discusses an entrepreneur named Sethu Sethunarayanan‚ who invented and marketed an innovative trap to help poor Irula people (an Indian tribe) catch rats more efficiently. He is the founder of the Center for Development of Disadvantaged People (CDDP) – one of a few recognized non-profit organizations in India. The case is an example how technological innovation and human capital can
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What Is Opportunity Recognition? Opportunity recognition is a process used by entrepreneurs. * Opportunity recognition‚ a theory based on entrepreneurship‚ suggests that people use a specific cognitive process to recognize the potential in a new business opportunity. The idea is based on considering past experiences‚ risks and market trends to recognize the potential in and make a decision about a business venture. There are many different theoretical models of opportunity recognition process
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Assignment 2: Entrepreneurship as a Career (25.0 points) In Section 2‚ you learned about characteristics‚ skills‚ and education of successful entrepreneurs. Now‚ you’ll consider your own personal potential for entrepreneurship. Answer the questions below to help determine whether entrepreneurship is a good fit for you. 1. Do you think self-employment is a good fit for you? Why or why not? Give at least 3 reasons. (3-5 sentences. 5.0 points) Yes I do. I don’t like to be told what to do. I would
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Annotated Bibilography Ayinde Adekunle Walden University Ekore‚ J. O. & Okekeocha‚ O. C. (2012). Fear of Entrepreneurship and University Graduates: A Psychological Analysis. International Journal of Management‚ Vol. 29 No. 2 Part 1 pp. 515 - 524. In this study‚ the authors probed how psychological factors affected the choice of entrepreneurship as a means of lifelihood by university graduates in Nigeria. Using questionnaires‚ completed by 729 males and 371 females‚ totaling 1100 university
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Malincho Case Study The Timmons entrepreneurship is a model that considers opportunities teams and resources available to an entrepreneur and holds that success depends on the ability of the entrepreneur to balance these critical factors. When applying the first part of the Timmons model to the Malincho case‚ Kalin got the idea of importing feta cheese and selling it to fellow Bulgarians on the East coast of America who were hungry for a taste of home. Once he identified this opportunity‚
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to the constituencies served and for the outcome created’( Gregory Dees 1998). Differences between entrepreneurship and social entrepreneurship will be analysed.According to Roberts and Woods (2005‚ p.50) “Social entrepreneurs are motivated to address a social need‚ entrepreneurs a financial need”. This can be explained why financial results will be a measurement by entrepreneurship. Indeed‚ an ability to generate more or less profits to the owners will be determined for the success or failure
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a clear idea about the clientele you want. You may have experienced employees‚ available facilities‚ existing products and market and desirable location‚ but you must think about the quality and what makes your business unique. Question 2 Entrepreneurs is the definition of success and to be successful you should have some characteristics. Anna Bryant has some of these characteristics‚ the first one of them is that she loves making people look their best and enjoy it. That makes her give all
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a. how does Snapple identify new products? b. how does Snapple decide how much to produce? 3. Don’t forget to read the ethnographic research in the back of the case. Snapple Discussion Questions This is an interesting case on how entrepreneurs can make $1.7B‚ how a major firm can lose $1.3B‚ and how a well-trained manager can be a hero. Pay particular attention to product development and a focus on customer needs. (This case is now due on Monday‚ October 15‚ which gives you an extra
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