An entrepreneur is not a surveyor having the apt maps and data at one’s disposal, but rather an explorer that has a hunch that something marvelous exists, at the very next turn. It is about the ability to take risk, about trying new permutations and combinations, about exploiting the till now ignored resources and above all, a willingness to face and manage any possible resistance and opposition (Welsch 32).
May sound conservative, but, in a way, all entrepreneurs could be deemed to be destructive. However, it is a destructive attitude with an innovative and creative bent of mind. Certainly, entrepreneurship gives way to innovation, which alters, recombines and realigns the already existing values and way of doing things. All entrepreneurs have a discontented heart. They know that going by the scarce resources at their disposal; it is only creativity and ingenuity that will help them to be a success. So, most of the entrepreneurs shatter the available stereotypes and models of doing business, and replace them with something new and untried (Assudani 197). Therefore, entrepreneurship and a creative rebellion go hand in hand. Truly speaking, an entrepreneur is to be considered an entrepreneur only so long as one is committed to innovation and change (Assudani 197). It is all about recombining and reformatting the available information and resources in ways that escaped the attention, or put to question the gumption of earlier generations. Hence, by their very nature, most of the entrepreneurial initiatives are bound to come across resistance and opposition. In the contemporary times, good business is about creating the right balance between innovation and tradition. While entrepreneurship helps a business break into new and untried grounds, tradition helps keep it on a sound and stable footing. Inability to manage and reconcile innovation and ...
Cite this document
(“Examine and reflect how the practice of entrepreneurship today, in an Assignment”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/410309-examine-and-reflect-how-the-practice-of-entrepreneurship-today-in-an-ultra-competitive-environment
(Examine and Reflect How the Practice of Entrepreneurship Today, in an Assignment)
“Examine and Reflect How the Practice of Entrepreneurship Today, in an Assignment”, n.d. https://studentshare.net/miscellaneous/410309-examine-and-reflect-how-the-practice-of-entrepreneurship-today-in-an-ultra-competitive-environment.
Introduction A person who introduces new idea or creation and makes that idea to become successful in the market is known as entrepreneur.Entrepreneurs are risk takers because they develop a new product without assuming the outcome or return.
An entrepreneur is one who discovers opportunities, brings innovative ideas to explore these opportunities and to make them profitable business venture and think creatively to stay long in the business field.
Google has a few weaknesses that could be capitalized on by its business rivals such as Microsoft unless corrected. Google does not have a large presence in the social network sites. Google+ has been unable to register the same kind of success as Facebook.
In this paper, we would be discussing about the competitive environment of Toyota covering economic, marketing and external strategy elements of the environment and the interrelationships between these elements.
Companies should be ready to encounter competitive environments which would be very different from the ones that they have been facing.
Looking at the various benefits of the Ultra-wideband (UWB) communication systems, the Federal Communications Commission (FCC) has recently allocated the 3.1-10.6 GHz spectrum for Ultra Wideband (UWB) application and this has presented a vast opportunity for a multitude of exhilarating challenges for the communications industry, including the design module of antenna.
Price rise for year = 25% by British Gas. 7% increase 8 months ago + 18 and 16 percent raise now, prompting Energy Minister to press for change, inviting smaller and alternate energy suppliers to break dominance of big energy giants. BG
The state of commercial activities in major economies (like United Kingdom) has significantly increased but the prosperity of its small firms is relatively lower. The long-term economic prosperity of a nation is judged as per the quality of performance of its small firms.
Most of the financial institutions rate a business based their previous credit rating history. This essay will analyze some key concepts regarding the importance of maintaining a decent credit rate with relevant