Entrepreneurship is all about taking risks. It is also about problem-solving and a willingness to experiment. You need to be able to identify pressing issues, come up with creative solutions, and be ready to test anything out. If you’re writing a paper on entrepreneurship, the best way to get started is by looking at some essay samples. An excellent place to start is the EssayBizLab database. Just remember to always give credit to the author if you want to cite their essay in your own paper.
It is important to gather information from the customers previous to developing a successful, innovative, new product to launch into the market. But, even if you got all the information necessary about customer desires and needs, you have to come up with a brilliant idea of how to fulfil those...
Entrepreneurship should be considered as an art and a science. Entrepreneurship cannot exist without scientific explanations and economic theories (related to price, market structure and wages, etc.). Thus, it requires the unique and innovative application of traditional concepts and theories. As the markets change or the venture matures, the role...
Entrepreneurship is based on innovative ideas and strategies which help organizations to create new products and services. The exact nature of the entrepreneurial process may vary in these different settings, as will the problems faced and the solutions required, but economically innovative acts that create value for individuals and society...
Global changes and developments have increased the focus on entrepreneurship. This is due to its significance in the creation of jobs, strategic realignments, privatization of public enterprises, economic development, and solving problems at the national and global levels, all of which require creativity. There is much research that suggests that...
The business environment today is faced with increased opportunities that have elements of potential for rewards, high levels of risk and the necessity of innovations. Corporate entrepreneurship involves encouraging entrepreneurship in the organization, especially for employees. The need to adapt to changing times though necessary is faced with multiple obstacles...
Small and medium enterprises (SMEs) have a significant role in the economies of both developing and developed countries. According to Nieuwenhuizen (2019), SMEs make a large contribution to countries’ GDP, ranging from 16% in low-income nations to 51% in high-income ones. Although it is difficult to determine the exact contribution...
The sole proprietorship is a type of business with a single owner who receives all the profit and bears all the losses and responsibilities personally. As good examples, one could mention freelance writers, tutors, housekeepers, freelance graphic designers, and virtual assistants. Explanation: The sole proprietorship is the most common and...
Reaching for success in finding a place under the sun among the rest of the countries in the globalized world is one of the most complicated tasks for any state in the XXI century. Because of the competition and the extremely high standards, as well as the need for maintaining...
Introduction Social entrepreneurship combines a social orientation and an entrepreneurial approach. It is a business solution to a social problem, a balance of social goals and a commercial component, where money is not an end but a means to achieve these social goals, allowing an entrepreneur to remain stable and...
The initial idea pointed out by Ruelas-Gossi and Sull (2004) revolved around the fact that there would always be factors allowing managers to find excuses for reduced performance, such as the lack of resources or picky customers. Nevertheless, many business environments demonstrate that the notion of ‘innovating on a shoestring’...
Introduction For this research, I chose to analyze the importance of innovation adoption and its varying effect on small- and medium-sized enterprises (SMEs) and their customers. Innovation and the development of new technologies are particularly hard for smaller firms due to financial risks and information asymmetry (Limaj & Bernrodier, 2019)....
Entrepreneurship is an innovative process defined by its ability to identify a business opportunity by addressing a specific need. Entrepreneurship in the contemporary world has adopted a sophisticated approach. Entrepreneurs are no longer developing tangible and space-consuming products. Instead, by integrating technology, the products that are currently emerging are aimed...
One requirement for the successful completion of this course was to attend an entrepreneurship event, whose invitation details are available at (Client to Provide Link). The event was aimed at empowering young students so that they can move beyond the entrenched mentality of good grades, good job, climbing the corporate...
A free enterprise system is a desirable scenario in which individuals and agencies have equal chances of business success, as organizations operate in an economy devoid of the government’s manipulation of supply and demand. Giachetti (2016) asserts that a free enterprise system allows people to make independent economic decisions in...
In the context of the COVID-19 pandemic, entrepreneurs constantly face challenges and often experience a shortage of demand due to social constraints. The article by Loten (2020) examines the introduction of dedicated business digital tools as instruments to enable firms to return to their old modes of operation and to...
Introduction Corporate social responsibility (CSR), the notion that organisations should undertake actions that advance social benefits beyond that which is required by law, continues to attract varied interest and reactions from scholars and business practitioners alike (Kang, Germann, & Grewal 2016). The CSR concept obliges organisations to bear responsibility for...
This dissertation will set out the answer to my research question, “Entrepreneurial behaviour and how business start-ups fail?” In order to properly answer the question, this dissertation is structured in a particular way. Important research methodologies as well as analytical tools will assist in exploring as well as examining entrepreneurial...
Literature review Although we hear success, stories about entrepreneurship in Malaysia, we have not detailed the critical factors that to this success. Therefore, this paper has made a significant contribution in highlighting the critical factors that have contributed to the success of young Malaysians in entrepreneurship. I hope at the...
Introduction SMEs (small and medium enterprises) are increasingly gaining recognition for the crucial role that they play in facilitating the economic development of nations. They are usually regarded as prolific and efficient job creators, fuel engines of the national economy, and as seeds for the large enterprises. Even among the...
Introduction The globalization in of MNEs involves foreign-owned subsidiaries as well as export intensive activities. The foreign owned subsidiaries that have export intensive activities will be present in clusters that are embedded. More autonomy and global orientation is necessary for them as well as dynamism as the activities of the...
Entrepreneurship Entrepreneurship is the process of creating new business opportunities and launching new ventures. Based on the available literature, entrepreneurship is seen as a powerful driver of competitiveness and economic growth. It is greatly admitted that entrepreneurship is a great tool of development worldwide; therefore, seen as means of overcoming...
Introduction Introduction and Background of the research The importance of small and medium sized Enterprises (SMEs) to a country’s economic growth has become more evident in both the developed and developing countries. According to McDaniel (2002), Small and Medium sized Enterprises plays a pivotal role in ensuring that the economy...
Introduction Successful entrepreneurs know that planning is an important ingredient when starting a new business venture. In the current competitive business environment, an entrepreneur will need to conduct an extensive market research in order to understand relevant external forces that have positive or negative impacts on a specific business venture....
Introduction The purpose of this paper is to develop a comprehensive analysis of the internationalization strategy for local companies in the gulf region. In particular, the paper analyzes the case study of Renaissance Services SAOG, an Omani corporation that specializes in a wide range of services to companies operating in...
Abstract As globalisation dominates the world, innovation is increasingly becoming an outstanding competitive attribute of organisations. In the United Arab Emirates, the government urges private and public organisations to adopt and embrace innovation as a major driver of economic growth. This study undertook a survey among 52 entrepreneurs (Males =...
Abstract Potential entrepreneurs encounter challenges, which influence their entrepreneurial behaviors. In the study done on the MBA students (N = 286), the study hypothesized that self-fulfillment, financial gain, career development, and job security are factors that have positive relationships with moral disengagement. T-test analysis of scores of these factors revealed...
Executive Summary It is a known fact that the service apartment business is responding to a niche market where people are looking for short-term accommodation opportunities with a homely environment. The undersupply in short-term rental accommodations in the UK is fuelling this trend, and there are no signs of abating...
Research Question Hawkers operating in the streets of major towns in the developing world: do they get banking services for the income they generate? There are many people who run small-scale businesses in the streets of major towns in the developing world. These business men and women play a major...
Introduction to the entrepreneurship concept Motivated by the goal of understanding the developments that have been characteristic of this phenomenon, management scholars and social scientists concerned with entrepreneurship have been inclined to studying new business formation, which offers a steady and straightforwardly de-limited base for quantitative, experiential work (Jones &...
Background There has been minimal focus on female entrepreneurship in the past, though the impact of female entrepreneurial behavior has become quite significant. The motivation for women into self-employment is similar to that for men, in that it includes: educational and occupational background, future goals and estimated growth (Brush, 1992)....
Introduction Family firms are basically perceived as being less socially responsible because of their incentive to guard family wealth. However, although family firms might engage in various positive social initiatives, they will not probably get involved in activities that have negative consequences. According to Alderson (2011), family firms tend to...
Introduction An entrepreneur may be defined as an individual or a person who uses innovations, capital and his business skills in order to “…transform (those) innovations into economic goods and services” (Sheth, 2011: p34). The efforts of such an individual may give rise to a new business venture or –...
Introduction Background information According to Al-Wugayan and Turki (2009, p.1), the global business environment has undergone rampant growth over the past few years. This has resulted from the fact that the society is increasingly embracing the concept of entrepreneurship. This has been witnessed by both the developed and developing economies....
Introduction Takeda (2007) investigated personal value and personality differences between entrepreneurs and their employees using the Rokeach Value Survey (RVS) and the Big Five Inventory (BFI). The RVS was developed by Rokeach (1999) who identified 18 terminal values and 18 instrumental values that govern behavior and deemed valid and reliable...
Entrepreneurial Characteristics Entrepreneurship is an important element in a country’s economic growth. This arises from the fact that it stimulates innovation and creativity which results in the establishment of diverse business entities. Through entrepreneurship, an individual or an organization can exploit opportunities presented by the environment (Haran & Kumar, 2006,...
Introduction Business becomes successful due to the adroitness and diligence of their leaders and managers. People are often impressed by the excellent quality of products and the outstanding services provided by these corporations, but they may not be fully aware of the innovative ideas of their entrepreneurs. It is slowly...
Summary Abstract According to the authors, superior firm performance can be fueled by both advantage-seeking behaviors and opportunity-seeking behaviors. However, the two behaviors ought to take place in a firm at the same time in order to derive the full benefits of strategic entrepreneurship. From the outset, the process of...
Summary Regarding the state of corporate reality and the outcomes of such processes like the shortening of innovation cycles or the technological merging, the idea of open innovation remains to be a crucial point for discussions. The presentation developed by Professor Dr. Ellen Enkel aims at analyzing the main objectives...
The articles under analysis – The Effect of Entrepreneurship Education Programs on Satisfaction with Innovation Behavior and Performance and Management Capabilities for Sustainable Growth and Success – focuses on the influence of innovation on the business environment and discusses how enterprises can benefit from these changes. On the one hand,...
Describe Leonsis’ concept of “idea generation” and explain the approach you would take as an entrepreneur in this kind of business Ted Leonsis’ concept of idea generation entails first the envisioning of an original idea through interdisciplinary thinking where two ideas from two sources are linked form a workable idea....
This chapter begins with the marketing strategies that can be used by a business to market its products and services effectively. A marketing strategy is a way in which a business plans to use its resources in order to gain a competitive advantage in the market. This enables the business...
Introduction A business plan is a document that forms a road map on which a chosen business idea is build. The document defines the idea and explains how it can be converted into a valuable business venture. This paper will examine the various elements that make up a business plan...
Introduction Enterprise Resource Planning (ERP) is an integral part of every organization, especially top management. ERP model integrates all separate department functions into a single software. Many project managers and general managers use the ERP model because it makes it easier to track all workflow across all departments. However, ERP...
Introduction One of the most interesting reports under business issues is the perspectives on small businesses in Canada. The report was developed at the time when the country celebrated its 40th anniversary in entrepreneurship in July 2011. The information from the report was derived from research that was conducted by...
