Palmer is found to treat the people recruited as general partners who would help him to manage the funds. In case he would have treated his partners as limited, the entire burden of fund management had fallen on him. Thus, he can be taken as an example of a true entrepreneur in promoting a good teamwork.
The case study of Maclean Palmer can be regarded as an ideal model for business entrepreneurship in the Venture Capital market. Maclean Palmer by dearth in the field of private equity investment is found successful in identifying a business opportunity and working out a plan to explore the opportunity cited. His decision to design the 200 million US Dollars on Equity Investment came from his interest to work on the area of minority business development. To this end, Palmer is seen to invite suggestions from Wanda Felton of Credit Suisse First and David Mazza of Grove Street Advisors to gain business expertise. Palmer considers the combination of expertise of the scholar minds with his rich experience of the equity market as a successful option in business entrepreneurship. It is seen that most of the minority business managers recruited were from business schools like Wharton and Harvard. Moreover, with the recommendation of Felton senior business executives were also taken in. Felton in this context observes the marriage of the young and scholar minds with experienced people will certainly pave the way to business success. Palmer is found to give more importance on his people rather than on the experience and qualification parameters. He is observed to give considerable stress to form an environment of spontaneous teamwork. In regards to the opportunity cited by Maclean Palmer, David Mazza of Grove Street Advisors states that the decision to move into non-traditional investment sources was a profitable business decision taken by Maclean Palmer. It is because as Mazza ...
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(Entrepreneurship Essay Example | Topics and Well Written Essays - 1250 Words - 2)
“Entrepreneurship Essay Example | Topics and Well Written Essays - 1250 Words - 2”, n.d. https://studentshare.net/miscellaneous/407695-entrepreneurship.
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Being driven by passion to succeed, entrepreneurs are always ready to face any risk that may arise in the course of their day to day business operations. To be an entrepreneur, one should be a risk taker with extensive capabilities to innovate. According to Nicolaou and Shane 17, an entrepreneur should be able to introduce new technologies, generate new products, and enhance productivity in his or her venture thus creating employment to other members of the public.
Entrepreneurship Reflection Essay Name Professor Institution Course Date Entrepreneurship Reflection Essay Over the past years, entrepreneurship had been perceived less important in the healthcare sector thus it received little attention. The barriers inherent in the culture and structure of healthcare organizations might have also been the main cause.
Business opportunities 10 1.1 Sales 11 1.2. Cost 11 1.3. Market share 11 1.4. Customer 11 C. Conclusion 12 Reference List 13 A.1. Introduction The entrepreneurship concept was propounded in the 1700s. At that time entrepreneurship meant only “starting of one’s own business” (Sobel, 2008).
Entrepreneurship has traditionally been perceived as an isolated process whereby the individual organizes resources and uses them for developing the new venture. However, various theories have highlighted the role of knowing individuals and argue that entrepreneurship revolves around whom you know.
After a thorough review of the history, the author takes the research to a further level by studying this link in context of the entrepreneurship. The author refers to the former research in this subject carried out by Sarasvathy et al.
e from the knowledge possessed by individuals or changes in the external world such as technology, demographic and social changes, and regulations by government. It can be exploited through creation of new product, opening new market, using new resources, new production