Set out the main elements of Adam Smiths economic theory‚ and explain its strengths and weaknesses. Adam Smith‚ who is well known as the father of capitalism‚ was born in Scotland in 1723. After turning fifteen‚ he went to Glasgow University‚ where he majored in moral philosophy. A short two years later he carried his education on to Balliol College‚ in Edinburgh. He later became a professor at Glasgow University. In 1776 he published his most important work‚ The Wealth of Nations which was his
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TIMSR‚ MUMBAI Abstract: Purpose – The purpose of this paper is to examine key emerging trends in Entrepreneurs in India its reasons for growth and impact towards economy and society as a whole. Design /approach – The paper is primarily theoretical and observational. It is based on the review of major academic and managerial publications‚ it also include personal interview with few entrepreneurs. Findings – Entrepreneurship activity has gone through overhaul process through last two decades
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1. Prepare to discuss the strengths and weaknesses of the various measures of investment attractiveness as used by Euroland Foods. Will all of the measures rank the projects identically? Why or why not? i. Payback period: The advantage of the payback period: To some degree‚ we can say that the shorter the payback period‚ the less risk the investment is. So the measurement of the payback period takes into account of the risk of the investment. In addition‚ with the shorter payback period
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Ms.S.Jayachitra‚ Ph.D.‚ Research Scholar in Commerce‚ Erode Arts and Science College‚ Erode‚ Tamil Nadu‚ India. E-mail: chituxdolly@gmail.com WOMEN ENTREPRENEURS IN INDIA - EMERGING ISSUES AND CHALLENGES ABSTRACT Women entrepreneurship is gaining importance in India in the wake of economic liberalization and globalization. The policy and institutional framework for developing entrepreneurial
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whether entrepreneurs are born or made. The Business Dictionary (2014) defines an entrepreneur as “Someone who exercises initiative by organizing a venture to take benefit of an opportunity and‚ as the decision maker‚ decides what‚ how‚ and how much of a good or service will be produced.” There is a debate as to whether or not there is such a thing as an ‘entrepreneur gene’ or are entrepreneurs taught and made through experience. Richard Baister (2007) states that “being an entrepreneur is not
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Are entrepreneurs born or made? Critically discuss. Introduction An entrepreneur is a person who sets up a business by taking on financial risks in hope to make a profit. The word entrepreneur stems from the French word entreprendré which means ’to undertake ’. A couple of examples are Lord Alan Sugar and Bill Gates. Lord Sugar is an entrepreneur worth £800 million. He started by selling car aerials out of a van‚ he then set up his company‚ Amstrad which sold affordable hi-fi turntable covers
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Strengths & Weaknesses in Styles There are many different decision making styles and no right or wrong one. “Decision making involves uncertainly and risk‚ and decision makers have varying degrees of risk aversion” (Bianco‚ 2010). Rational‚ and intuitive are just two styles out of a list of many. The approach people take to decision making may be how they see a specific decision. Rational decision making is a method used to analyze information through an organized process. The pros of rational
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Question: Explain the triggers and barriers faced by entrepreneurs. Answers: Entrepreneurs are people who are willing to take the risk of business ownership. To start up a new business an entrepreneur must have the trigger and must face the barriers. This is the list of triggers that force an entrepreneur to start up a new business. 1. Material Rewards Many entrepreneurs launch their own business venture because they want to be rewarded according to their
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Problems Entrepreneurs Face June 2003 By Gwen Richtermeyer‚ Ph.D. Director BRIDG Problems Entrepreneurs Face Problems Entrepreneurs Face June 2003 by Gwen Richtermeyer‚ Ph.D. Director BRIDG Table of Contents Introduction ..................................................................... 1 Problems in the Beginning .......................................... 1 Finance ...................................................................... 1 Management ....................
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we would evolve this tool into a goldmine for businesses and entrepreneurs to grow their passions. Social networking clearly has an array of benefits; some would argue that social networks should be for individuals only‚ but users like me find that including businesses in social networking is an outstanding tool for judging reputation‚ finding out about new products and services‚ and giving free branding and advertising to entrepreneurs. It is important to open the minds of people in the community
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