Concept of Entrepreneurship - 1455 Words

Q1. Discuss and define the concept of ‘entrepreneurship’. The entrepreneur is our visionary, the creator in each of us. Were born with that quality and it defines our lives as we respond to what we see, hear, feel, and experience. It is developed, nurtured, and given space to flourish or is squelched, thwarted, without air or stimulation, and dies. Michael Gerber The term entrepreneur has been around since the seventeenth-century, it originates from France, where the phrase â€Å"entreprendre† was first used when a Frenchmen ‘entered and took charge’ of royal contracts. It was used widely to describe a person who lead a project which would deliver valuable benefits and bring it to completion, a person who can manage uncertainty and bring†¦show more content†¦For example strong support from family and friends may influence the desire to become an entrepreneur. In the case of Richard Branson this would refer to the major influence of his mother. The Financial/ Capital School of Thought – The foundations of this school are based on the capital-seeking process. The search for start-up and growth capital is the complete focus because securing venture capital is vital to an entrepreneur’s development. In this case, the entire entrepreneurial venture is viewed from a financial management viewpoint and decisions involving finance occur at every major point. The Displacement School of Thought – This thought process concentrates on the negative side of the existence of group, where someone can feel out of place or be displaced from the group. It argues that a group can slow a person’s development, either bringing it to a halt or removing specific factors vital to the individual for them to advance. As a result the frustrated individual is motivated to succeed which can be projected into an entrepreneurial pursuit. There are three major types of displacement that demonstrate this school of thought: -Political displacement. Government regulations and policies that can limit/ redirect certain industries or reject free enterprise. -Cultural displacement. Social groups excluded from professional fields e.g. EthnicShow MoreRelatedThe Concept Of An Entrepreneurship1345 Words   |  6 PagesThe definition of an entrepreneurship is a commonly argued point, with several definitions given by many different people. The Business in Action textbook defines entrepreneurship as the combination of innovation, initiative and willingness take risks required to create and operate new businesses and an entrepreneur as a person with positive, forward-thinking desire to create profitable, sustainable business enterprise. According to this definition, a small business owner could definitely be classedRead MoreHow Corporate Entrepreneurship Is An Ever Growing Concept1224 Words   |  5 PagesCorporate entrepreneurship is an ever-growing concept that is flowing throughout many companies around the world. Some of which include Organic Valley and Ford. As each company continues to grow, they both allow their employees to be creativ e and innovative. This not only gives their employees the satisfaction of coming up with new ideas, but can allow each business to save time and money in the long run. In both Organic Valley and Ford, creativity plays a large role in the success of their companiesRead More What do you understand to be the concept of entrepreneurship and why1626 Words   |  7 PagesWhat do you understand to be the concept of entrepreneurship and why has it become such an important area of focus? Q2) What do you understand to be the concept of entrepreneurship and why has it become such an important area of focus? The concept of entrepreneurship is often viewed as a function, which involves the exploitation of opportunities, which exist within a market. Such exploitation is most commonly associated with the direction and/or combination of productive inputs. Entrepreneurs Read MoreCan Entrepreneurship Be Taught1355 Words   |  6 Pages†¢ Can we teach entrepreneurship and bring some entrepreneurial awareness and changes among individuals. Give evidence Approach in answering the Question †¢ Definition of Entrepreneurship †¢ Entrepreneurship education †¢ Approaches to teach entrepreneurship †¢ Conclusion The concept of entrepreneurship There is no universal agreed definition of entrepreneurship. However, Entrepreneurship is defined differently by different scholars. Schumpeter (1934) defines Entrepreneurship as a person’s abilityRead MoreEntrepreneurship Essay1729 Words   |  7 Pagescan be concluded that entrepreneurship demands foresight and willingness to assume risk (Landstrom 1997, cited in Corbetta, Huse Rovasi 2004). In short it can be said that the first concept of entrepreneurship from Cantillon emphasis on taking risk to venture into a business. Van Praag (2005) divides entrepreneurship concept into five different groups which are classical approach, neoclassical approach, Schumpeterian, Knightian, and neo-Austrian approach. Each concept will be discussed separatelyRead MoreStartup Americ A Government Initiative1322 Words   |  6 PagesStartup America is a government initiative that is used to inspire and produce entrepreneurship throughout the country. By holding the belief that innovation is the backbone of this country, Obama created this campaign in order to create and develop entrepreneurship. As a result, the goal is trying to achieve sustainable growth and quality jobs in the economy. Overall, Startup America is a process that believes entrepreneurship is a core American value that allowed for the country to be where its at,Read MoreEntrepreneurship Risk, Rewards, And Reality1456 Words   |  6 Pagesgone because of entrepreneurship. In the article â€Å"Entrepreneurship Risk, Rewards, and Reality† by Timot hy W. Scales, the author goes over key points about small business like development, growth, and secession. Scales focus on experiences that relate to an accomplished and an unaccomplished entrepreneur. Scales say that if an idea can become entrepreneurial, it can be big or small. Entrepreneurship is the key to innovation and growth. Since the 1970s, scholars knew that entrepreneurship was the sourceRead MoreTo What Extent is Naturis an Entrepreneurial Company?1245 Words   |  5 PagesCovin, 2008). After the sucessful joint venture, Naturis is now hightly entrepreneurial as it practices the concept of strategic entrepreneurship. By constantly looking for new uses for its product, the company innovate in order to sustain their competitive advantage. Naturis is considered as an innovative and entrepreneurial company as it follows the concept of strategic entrepreneurship refered to as sustained regeneration by introducing new products and entering new market areas on a regularyRead MoreSocial Entrepreneurship And Social Innovation1502 Words   |  7 PagesSocial Entrepreneurship The term â€Å"social entrepreneurship† first appeared in the scholarly literature over 35 years ago in a publication titled The Sociology of Social Movements (Banks,1972). However, Social entrepreneurship has its origins in the eighteenth and nineteenth centuries when philanthropic business owners and industrialists like Robert Owen, demonstrated a concern for the welfare of employees by improving their working, schooling and cultural lives. Since then, social entrepreneurshipRead MoreCreativity and Events1595 Words   |  7 Pagesintroduce the concept of creativity, innovation and entrepreneurship within the events sector. Key theoretical concepts around the subjects will be explored in order to form a discussion for the need of creativity within events organisations. This essay will draw upon industry examples to illustrate how the concepts can be achieved in order to gain competitive advantage. Through critical analysis, the concepts can be reviewed, and an appraisal for the scope for creativity and entrepreneurship in events

Social Anxiety Disorder ( Sad ) - 1901 Words

Social Anxiety Disorder (SAD) is defined as a chronic and often disabling condition that is associated with uncontrollable worry and tension with symptoms that include restlessness, fatigue, irritability, muscle tension, and/or sleep disturbance. People with social anxiety disorder also experience an intense, persistent fear of drawing attention to themselves in social situations, believing that their flaws will be exposed and that they will be negatively evaluated and rejected. It’s a terrible and vicious cycle of anxiety and worry that interferes with careers, everyday life, and relationships, and often causes the individual to develop depression. This disorder is much more than the normal anxiety that everyone experiences from time to†¦show more content†¦A simple way to remember the importance of SAD is a term known as â€Å"free-floating anxiety† which means a general and persistent fear that is not due to any specific object, event, or source. Most biolog ists believe that all psychological abnormalities have an underlying chemical or physical cause, which directs their attention to the brain. A mental illness can develop in many different ways such as behavior and biological. Although both can be explained through actions of the brain, the behavior model suggests that abnormal behaviors are caused by operant and classical conditioning. Operant conditioning provides us with theories that suggest that people learn from consequences of actions through negative and positive reinforcement. Therefore they understand the pros and cons of every action, which provides them with decision before their actions. With modern technology biological theorists explain abnormal behaviors as sources by biological abnormalities or viral infections. Interest in viral explanations of psychological disorders has been growing for over nearly a decade, more and more studies have been done on anxiety and mood disorders. Social anxiety disorder (SAD) is a patt ern of constant worry and anxiety over social settings and other different activities and events. There

Vgvjvjv Free Essays

Being famous Isn’t always as great as Its made out to be; It also comes with a variety of effects. Some examples of famous people who may be dealing with these effects are Rappers, Professional Athletes, and Talk Show Host. Famous people are always being harassed and bothered; whether it is by a fan or paparazzi, they never get a break. We will write a custom essay sample on Vgvjvjv or any similar topic only for you Order Now It is rear to be a celebrity and stay under the map; the radar is always on and its focused on them. The effects of being a famous actor are loss of privacy, schedule issues, and demeanor. To begin with, one of the main effects of being a famous actor is privacy. At no point in time are actors honestly every alone. Everywhere they go and everything they do Is always watched closely. For example, fans and paparazzi are always harassing famous celebrity. How much can an actor do with paparazzi trying to take pictures of every move they make? Along with the paparazzi you also have stalkers who play a big role In the loss of privacy celebrities lose. Stalkers are everywhere you expect them not to be; they pop up Instantly almost like a virus and tart attacking you mentally and even sometimes even physically. Another thing that may affect famous actors privacy are rumors. The presses along with other huge media news broadcasting companies tend to like to spread rumors. Rumors can have a huge impact on anyone’s life; especially famous people because all the rumors made about them expand in the public quickly. Whether the rumors are true or not, they still are an invasion of celebrities privacy. Famous actors being harassed and stalked can also put their own security in danger. For example, when paparazzi take pictures they are usually posted online or shown on television. If a stalker or a criminal Is familiar with the viewed location In the picture, they may now be able to harm or Intimidate that celebrity. Privacy Is a very Important part of everyone’s life and being a famous actor can affect that. Incidentally, another effect of being a famous actor is scheduling. At most times in a professional acting career or any career at all in particular, people are constantly busy with work. Actors usually perform in movies, plays, or television shows. The process to do the following is not a short process, not in the slightest bit. With this being said, famous actors lose arsenal time for their selves. Actors are not able to do too much of what they want to do; instead they often have to do much of what’s need to be done. Most people in the world are able to enjoy their selves throughout the week; celebrities can’t because their schedules are so strict. Another effect of being a famous actor is incomplete work. With a schedule that is so filled pack with things that need to be done, It can be hard for some actors to complete certain task. For example, say an actor has a movie to shoot and It will take all day. Also say the actor has a meeting that’s mandatory hat will make him or her lose out on money If they don’t go, How will the famous meaning that some task may end incomplete. To change the topic, one final effect of being a famous actor is demeanor. Demeanor is very important if being a celebrity. Eyes everywhere are on celebrities at all times; some may not even know. Being a famous actor come with responsibility. Children, Teens, and Adults look towards celebrities as role models. Role models are usually someone that other look up too and want to be. If famous actors are not showing that they can be a role model, they ay lose fans instantly. Another effect that goes along with that is personal image. Personal image is also a huge situation that can affect a famous actor; image is the first thing that people Judge others off when they don’t know them. If a celebrity image isn’t good, in some cases people may think they aren’t good. This can now affect the amount of fans they have and how much money they bring in. A famous persons attitude can also affect him or her in huge way. If a celebrity attitude is bad, people may tend to not like them. For example, if someone was to ask a actor for their autograph and they were disrespectful and said no, that actor would lose fans and money. In conclusion, being a famous actor comes with many effects. Once a actor reaches that high level of popularity their life is no longer only theirs. Everybody, everywhere, will know everything about you; its almost like the rolling camera never stops. It can sometimes be an amazing opportunity, but it still comes with its effects. Being a celebrity means giving up privacy, scheduling issues, and demeanor. Is becoming a famous actor really worth the effects it comes with? I believe the choice is up to the upcoming actors to make. How to cite Vgvjvjv, Papers

Industrial Relations in Asia-Pacific Region

Question: Describe about the Industrial Relations in Asia-Pacific Region. Answer: Mobility of labour in Asia Pacific region and the consequences upon labour market and labour conditions in Singapore and Hong Kong There are certain stereotypes, which build up the trade unions in the Asia Pacific region and labour mobility has been appeared with a proper acceleration from various host countries in the Asian region such as Hong Kong and Singapore. The labour mobility in Asia Pacific region is solely responsible because of several potential opportunities, which are unevenly distributed[1]. The commercialisation process of migration can be considered as profit motivated organisations that have the capabilities to take over the recruitment procedures in progressive manner from different state bodies[2]. Its high population, which is more than 4.65 milion, controls the workforce in Singapore and more than one third of this population is expatriate labour. Industrialisation has been solely relied on the export process of foreign investment in direct process. Even the long-term stability of the political parties and the government of Asia Pacific region control the labour mobility in appropriate manne r. The economic condition of the market of Singapore has been developed from third world to Smooth Singapore. However, the problem arises in the market of Hong Kong and Singapore because of various issue related domestic workers as the government fails to uptake and implement relevant legislations and policies to stable the situation of labour mobility[3]. The issues of Hong Kong suggests that most of the business operations have investments in various locations of China, therefore, it possesses the capability of transferring the job production in order to take suitable advantages of the basic cost of labour. Even the colonial legislations have not improved to control the labour mobility in Hong Kong and Singapore and it is in the same position. The labour mobility in Hong Kong also encountered with the continuous agreement from the government of China in order to operate free enterprises and simultaneously it concentrates on the low value. The trade unions are divided, which also deter mines the condition of labour mobility. The GDP level is high in Honk Kong and Singapore, still the income of the labour is distributed unequally and unevenly. As labour mobility is responsible to decide the minimum wages therefore, any kind of issues should be resolved with potential strategies by the government and the higher authority of the organisations[4]. Although both Hong Kong and Singapore supports low taxes and perfect business infrastructure, still there are divergences in the competitiveness in the case of labour mobility and Hong Kong holds the leading position. The weakening economy of Singapore is the major reason of the failure and Singapore government possess strict laws to hire the foreign labours. The government of Singapore pushes the labour cost, which has a direct impact on the competitiveness. Concept of labour mobility The concept of labour mobility involves a perfect ease with every associated labourers to be able to move within the economy and economic condition of various countries. Labour mobility also engage essential factors such as the growth and production system of the organisation[5]. The mobility of labour suggests the ability and capacity of the labours for moving from one location to another and even from one occupation to another occupation and even from one industry to a complete different industry. Factors that determine the labour mobility: There are various significant factors, which determine the labour mobility of a particular nation[6]. The mobility of labour of Singapore solely depends upon the extent of trained and educated labours, as it is very common fact that a trained, skilled and talented individual has the more scope and possibility to move to other location than the other existing inhabitants do of Singapore. Both the vertical and geographical labour mobility happens in Singapore and Hong Kong. The vertical mobility of labour involves the situation of a labour, which lower status and grade in a specific occupation for moving to another occupation in higher status and grades[7]. The urge and outlook of the labours of Hong Kong and Singapore determines the labour mobility. There are other factors, which also decide the labour mobility such as the social set up of the inhabitants, agricultural developments, transportation system, development of trade and industrialisation. The labour mobility helps to increas e the productivity and efficiency of the labours because of their moving from one occupation to another. Labour mobility also enhances the basic income of a nation and therefore, the economic condition of a country has been developed. Similar things happen in the case of Hong Kong and Singapore. With the help of labour mobility, these countries have transformed from the third world countries to developed countries[8]. Aspects of labour mobility Immigration has been proved a common factor in the case of labour mobility and the intra regional mobility of labour across various countries[9]. The basic aspect of the labour mobility in Singapore and Hong Kong increases only because of the developed urbanisation. However, the effects and trends of labour mobility have been constantly changing in the developing countries of South Asian region. The labour mobility of Singapore and Hong Kong solely highlights the essential requirements of the workers in the neighbouring countries for developing the economic condition of the nation. The history of Singapore determines the labour mobility as during the colonial rule, there was a clear ignorance of maintain an appropriate labour dependency while performing own roles and responsibilities within various organisation in Singapore. There was a deep routed conflict among the workers, which comes out during the industrialisation and it support the labour mobility of the country. Even the gove rnment of Singapore is responsible for labour mobility as there are hardly any strict rules, legislations and regulations for retaining its workers. However, the government of Singapore supports labour mobility because it increases the fundamental supply of workers in specific industries and it reduces the rate of minimum wage to the labours. Figure 1: Wages and Foreign worker levies of low-wage workers in Singapore (Source: Hui 2013[10]) From this above-mentioned graph, it has been reflected that the labours of Singapore prefer labour mobility and to work in other place rather than Singapore as it helps to earn more revenue. Labour mobility allows the nascent industries of Singapore to grow and it is easy for the labourers to pursue in a completely different industry for huge supply of labours from other neighbouring countries. Effects of the labour market in Hong Kong and Singapore Hong Kong and Singapore hold the most competitive position of labour mobility in the entire Asia Pacific region[11]. However, from recent studies, it can be understood that Hong Kong is emerging high in the labour mobility and Singapore is sliding in gradual manner. The business environment of Hong Kong is more promising than Singapore and can generate more sustainable value of business than the existing one of previous years. The labour mobility of these two concerned countries illustrates the basic level of competitiveness as it denotes the capability of a nation for creating a perfect environment base on the economic performance, business infrastructure, efficiency and the policies of the government[12]. However, both Hong Kong and Singapore boast the low taxes, easy procedures, good and stable infrastructure for a business. Challenges to address issues for foreign domestic workers in Hog Kong: The foreign domestic workers of Hog Kong are increasing in gradual manner and they are scrutinised and criticised by the various groups of human rights to the modern slavery as tantamount. There are certain cases of abuses, unpaid wages and criminal intimidations of the foreign domestic workers in Hong Kong. All these challenges with appropriate employment of policies, procedures, rules and regulations of the government of Hong Kong can be reduced and resolved. Even the justice centres and NGOs of Hong Kong support these foreign domestic workers in order to get the suitable justice to pursue the business operation. The statistical report has revealed the fact that minimum 33.24% foreign domestic workers are operating in various sectors of Hong Kong. This labours number have the potentiality to be a bit higher if it was not undercounted in the surveys of labour force. During the last annual year, the highest percentage of foreign domestic workers was calculated by 7.34% in the Asia Pa cific regions. References Cortes, Patricia, and Jessica Pan. "Outsourcing household production: Foreign domestic workers and native labor supply in Hong Kong."Journal of Labor Economics31, no. 2 (2013): 327-371. Harvey, William S., and Dimitria Groutsis. "Reputation and talent mobility in the Asia Pacific."Asia Pacific Journal of Human Resources53, no. 1 (2015): 22-40. Hui, Weng Tat. "Economic growth and inequality in Singapore: The case for a minimum wage."International Labour Review152, no. 1 (2013): 107-123. Law, Kam-yee, and Kim-ming Lee. "The myth of multiculturalism in Asia's world city: Incomprehensive policies for ethnic minorities in Hong Kong."Journal of Asian Public Policy5, no. 1 (2012): 117-134. Ley, David, and Sin Yih Teo. "Gentrification in Hong Kong? Epistemology vs. ontology."International Journal of Urban and Regional Research38, no. 4 (2014): 1286-1303. Li, Kui-Wai. "Economic freedom: lessons of Hong Kong." (2012). Mukand, Sharun W.International migration, politics and culture: the case for greater labour mobility. Chatham House, in partnership with the Centre for Competitive Advantage in the Global Economy (CAGE), University of Warwick, 2012. Nagy, Stephen Robert. "Politics of multiculturalism in East Asia: Reinterpreting multiculturalism."Ethnicities(2013): 1468796813498078. Oleksiyenko, Anatoly, Kai-Ming Cheng, and Hak-Kwong Yip. "International student mobility in Hong Kong: private good, public good, or trade in services?."Studies in Higher Education38, no. 7 (2013): 1079-1101. Walmsley, Terrie, Angel Aguiar, and Syud Amer Ahmed. "Labour Migration and Economic Growth in East and Southà ¢Ã¢â€š ¬Ã‚ East Asia."The World Economy(2015). Yeoh, Brenda SA, and Weiqiang Lin. "Chinese migration to Singapore: Discourses and discontents in a globalizing nation-state."Asian and Pacific Migration Journal22, no. 1 (2013): 31-54. Zhang, Jun. "From Hong Kongs capitalist fundamentals to Singapores authoritarian governance: the policy mobility of neo-liberalising Shenzhen, China."Urban Studies49, no. 13 (2012): 2853-2871.