Being your own boss has many obvious advantages. The main advantage is that you are in charge. You have the opportunity to do something you really believe in‚ for instance offering a new product or providing a new service. The another advantage is that you do not have a boss watching over you‚ which gives you more freedom to do things your way. Finally‚ the greatest advantage of all for some people‚ you could also become extremely rich if your company become successful. This all seems very tempting
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Demonstrate which value adding activities the Virgin HQ is performing and give examples of each of these. According to Goold et al (1994) there are four main types of activity by which a corporate parent can add value. Envisioning – The corporate parent can provide a clear overall vision or strategic intent for its business units. Coaching & Facilitating – The corporate parent can help business unit managers develop strategic capabilities. Providing Central services – A provider of capital
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explained that people such as Steve Job‚ Muhammad Yunus and other entrepreneurs have made a difference. He also mentioned that everyone is capable of creating a business that will help uplift others. Moreover‚ he says that in order for us to contribute positive things‚ we have to believe that we can do it. Furthermore‚ the author shows that through over the years‚ the poverty is decreasing. In Candace Allen’s article titled “The Entrepreneur as Hero”‚ she introduced that every society needs heroes. First
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MTO- Made to order A business production strategy that typically allows consumers to purchase products that are customized to their specifications. This strategy only manufactures the end product once the customer places the order. This creates additional wait time for the consumer to receive the product‚ but allows for more flexible customization compared to purchasing from retailers’ shelves The make to order (MTO) strategy relieves the problems of excessive inventory that is common with the traditional
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Barriers faced by female entrepreneurs 1. Introduction An increase number of female owned their business and became entrepreneurs in recent years. According to the Global Entrepreneurship Monitor‚ there are 126 million women operating new business. Although the number of female entrepreneurs is high‚ the rate of women take part in business is not equal to men’s. Even the active female entrepreneurs‚ they do not reach their potential. In America‚ women own three in ten firms. It is only 6% of the
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Lawrence Page ~ Entrepreneur “Stand on the shoulders of giants”‚ a New-Platonist phrase taken by Google´s Scholar Browser as its motto‚ however‚ its meaning goes beyond that. It refers to the uncountable facilities this browser has provided us‚ Google certainly changed online browsing forever‚ and perhaps this is just the beginning. The colossal company still has much more to give. Wherefore Computer scientist‚ co-founder and CEO of the world’s largest technology company specialized in Internet-related
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Two qualities for a successful entrepreneur Name: Han Du Student ID: 528798 Discussion Time: Thursday(7:10-8:00) Section Number: 022 Quarter: Fall Course Number: 010 Course Name: INTRO TO BUSINESS Based on J.W. Marriott video‚ I think the two most important qualities required for an entrepreneur to be highly successful is “A willingness to find and accept
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cross their path. Here are ten traits of the successful entrepreneur. 1. Disciplined These individuals are focused on making their businesses work‚ and eliminate any hindrances or distractions to their goals. They have overarching strategies and outline the tactics to accomplish them. Successful entrepreneurs are disciplined enough to take steps every day toward the achievement of their objectives. 2. Confidence The entrepreneur does not ask questions about whether they can succeed or
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Key qualities of a successful entrepreneur Being an entrepreneur is about more than just starting a business or two‚ it is about having attitude and the drive to succeed in business. All successful Entrepreneurs have a similar way of thinking and posses several key personal qualities that make them so successful in business. Successful entrepreneurs like the ambitious Richard Branson have an inner drive to succeed and grow their business‚ rather than having a Harvard Business degree or technical
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Regardless of your definition of success‚ there are‚ oddly enough‚ a great number of common characteristics that are shared by successful businesspeople. You can place a check beside each characteristic that you feel that you possess. This way‚ you can see how you stack up. Even if you don’t have all of these characteristics‚ don’t fret. Most can be learned with practice and by developing a winning attitude‚ especially if you set goals and apply yourself‚ through strategic planning‚ to reach those
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