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Entrepreneurship - Essay Example

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Masters
Essay
Business
Pages 6 (1506 words)

Summary

This work tells that the process of entrepreneurship may lead to the formation of new enterprises or organizations or the transformation of the already existing ones into more productive firms. Entrepreneurship as a discipline is not limited to the business field alone…

Extract of sample
Entrepreneurship

There is also political entrepreneurship which is a discipline involving the application of the entrepreneurial principles by politicians to benefit from the political arena.
Intra-prerneurship is another form of entrepreneurship that entails the application of the entrepreneurial principles within the organization in order to transform the whole organization by changing the way things are done in that organization. Within the organization, an entrepreneur acts as an agent of change, seeking to change the status quo of the organization. The entrepreneurial activities involve changing the way the business is done through an introduction of new goods and services or new processes. It also entails the exploration of new sources of material for use in the production process as well as new combinations that gives quality products while minimizing on the costs incurred. Thus, entrepreneurship is about creating business efficiency and effectiveness. It involves the process of creation of new business entities or making the already existing ones more productive (Livingston, 2007 p45).
My future ambition is to become an astute entrepreneur, establishing new business and making them more productive and profitable. This is in line with the entrepreneurial characteristics that I posses. The fact that I have discipline is a pathway towards enabling me become an entrepreneur. This characteristic is desirable for any one aspiring to become an entrepreneur, in that it determines the commitment that the individual will have towards the business they seek to establish or run. Even though capital and visionary objectives may count as necessities towards becoming a successful entrepreneur, they do not count as does discipline. ...
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