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...
