MODULE 1 ENTREPRENEURIAL COMPETENCIES INTRODUCTION Every role has a skill and competency requirement. For a teacher or a performing artist‚ for example‚ it is the skill to communicate that plays a decisive role in their effectiveness besides‚ of course‚ their knowledge. For a craftsman or an artist‚ it is the creativity and skill in the chosen craft. Talking about entrepreneurship‚ you need to have a knack for spotting business opportunities and creativity and innovation in developing and
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Introduction The current management theory and practices did not pop out of thin air‚ they evolved over many years. The evolution of management thought is not clearly understood‚ but many tried to defined management in different ways starting from the early days. Even before the term management came to be realized it concepts was applicable in most part of the world; in the ancient world the ideas or concepts of sound organizational structure‚ the concepts management is group activity and other concepts
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“…because it is the entrepreneurial energy‚ creativity and motivation that trigger the production and sale of new products and services” (Tracy)1. These businesspeople help build our economy by creating jobs‚ increasing productivity and partnering with other firms to help reach success. Entrepreneurship is so crucial to society because “it’s the entrepreneurs who serve as the spark plug in the economy’s engine‚ activating and stimulating all economic activity…” (Tracy)1. Entrepreneurial firms highly impact
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Assignment 1 The ‘Power’ and ‘Cultural’ Schools of Thought – A Critical Essay Introduction The ten schools of thought proposed by Mintzberg‚ Ahlstrand and Lampel (2009) provide an insight into different aspects of strategy formation. Mintzberg (2009) explains how we are unable to gain a complete picture of the process of strategy by simply looking at single schools alone‚ we must look at them all to gain the whole image. The poem the ‘Blind Men and the Elephant’‚ written by John Godfrey Saxe.The
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Entrepreneurial Leadership Abstract Entrepreneurial leadership helps develop and sustain elements of the organizational culture. Bergstrom (2004) interpreted that entrepreneurial leadership has three dimensions: 1) take more risk; 2) favor change to obtain the advantage; and 3) compete aggressively. We will discuss the common elements of different theories and philosophies as it relates to the new definition of entrepreneurial leadership. I will discuss my leadership style that I aspire to
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The Entrepreneurial Process Many successful entrepreneurs tend to follow a process to develop their businesses. This process contains four stages toward achieving their dreams. The processes are identifying an opportunity‚ developing a business plan‚ assessing the need for resources‚ and finally developing a management program designed to achieve success. The entrepreneur must develop an understanding of this process as an important step. Developing an understanding of the entrepreneurial process
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Entrepreneurial Ambitions Reginald E. Porter Strayer University Contemporary Business Dr. Brenda Harper January 18‚ 2012 Abstract An entrepreneur is someone who goes into business for themselves‚ hoping to expand and maximize profit. Throughout this report‚ I will briefly explain two of the premiere entrepreneurs who took a risk and it paid off. Entrepreneurial Ambitions It’s not about the price one charges for his goods and services‚ nor is it about the competition or how to beat
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Introduction 4 1.1 Entrepreneurial Project 4 1.2 Experimental Learning 5 1.3 Reflective Learning 5 1.4 Reflexive Learning 6 2.0 Key Events Table: 7 3.0 Satisfactory Graph 8 4.0 Critical Incidents & the 9 steps 9 5.0 Define The Project 10 5.1 Critical Incident – Misunderstanding of Project Definition 10 6.0 Describe the team strengths & weaknesses during project 10 6.1 Critical Incident: more team weaknesses than strengths 11 6.2 Critical Incident: The Entrepreneurial Pitch 11
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g. sounds‚ optical illusions‚ other visual stimuli‚ that are presented to them in a carefully controlled conditions) o Believed‚ if trained‚ individuals are able to accurately identify mental processes that accompanied feelings‚ sensations and thoughts Functionalism • Structuralism was soon challenged by William James and other psychologists who felt that their new field should not on structure of consciousness‚ but on its functions • Structuralism was strongly influenced by Darwin’s theory
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Entrepreneurial Process Ivy Harmon UOP Entrepreneurship in Healthcare HCS 567 K. Imlay May 13‚ 2012 Entrepreneurial Process Successful entrepreneurs tend to follow a multi-step process on four main elements to achieve their goals. These processes include identifying an opportunity‚ developing a business plan‚ determining the resources needed‚ and finally managing the newly developed enterprise (Hirsh‚ Peters‚ & Sheppard‚ 2005). A clear understanding of the entrepreneurial process is an
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