¶ … Entrepreneur?
Trends in globalism, stakeholder knowledge and technology -- all part of the 21st century environment, have changed marketing from a more monolithic approach to the market to a model that has actually been in place for centuries yet has now found a way to move from the small business environment to the larger organizational model simply because its strengths are just what is needed to perform in a new environment. This concept, entrepreneurship, has its origins in the French verb entreprendre, meaning "to undertake" (Hultman, C., et al., 2011). In a sense, every organizational idea starts with a core idea and thus has some entrepreneurial tendencies. These ideas have a core relationship in that they require innovation and risk in order to come to fruition (economic gain). More than anything else, the idea of entrepreneurship is a mind-set, a mode of operating as opposed to a strict method; a style of thinking -- the difference between management and leadership, and the amount of tenacity necessary to successfully complete a project. From the Western model, entrepreneurship is about growth opportunities, motivation and a style of approaching the impossible to make it possible. In fact, the very nature of capitalism and modern growth and opportunities depend on culture, economic conditions, and essential, the idea of risk vs. reward (Foreman-Peck & Zhou, 2010).
In the 21st century global culture, hyperactive competitiveness, expectations, technology and buying power all contribute to marketing as entrepreneurship in moving through job creation and method integration that allows a forward momentum. This activity tens to result in new types of organizations, new products, new services, and a revitalization of older business units and ideas about business. Marketing as entrepreneurship does not exist simply as a business activity, but instead a multidimensional source of innovation and inspiration that transfers from business to psychology, engineering or re-engineering, organizational theory, the social sciences, and even into education. This is so rampant in the 21st century that some scholars now see marketing as entrepreneurship as the core basis of a successful economy but driving growth (Audretsch, 2007).
Having been in the Army, my training in leadership, customer service, time management, and organization has all been extremely valuable and appropriate for taking on an entrepreneurial venture. When I think of myself as an entrepreneur, right now I have three major ideas that, depending on the location and demographics, would be both intellectually and emotionally satisfying, while offering a high degree of personal growth and, hopefully, a way to proactively interact with people:
1. Beauty Supply Store -- The beauty of opening a beauty supply store is twofold: 1) the customer base is not just other cosmetologists, but also the general public who wants to purchase higher end products. Thus, instead of depending on a single draw as a location, there is a larger customer base. The U.S. Bureau of Labor estimated that there are at least 1.2 million cosmetology jobs, with a 20% growth expected throughout the decade. Each is a potential customer. Barriers to entry are relatively low; a decent traffic location, shelf space and the money to appropriate stock the shelves. Then, to market the business, one would need to network with the surrounding salons by potentially providing delivery and bulk discounts, find ways to offer their most needed materials, and build the operation around salon hours so that they can pick up products to and from work. The key will be research in the market to find the number of existing supply stores, their service area, and potential market share. One possibility is to relocate in areas in which there is strong consumer growth, but few suppliers (Smith, 2012).
2. Gentleman's Cigar Club - This type of business would clearly be dependent on the demographics of the area; with urban or wealthy areas more likely to succeed. Obviously, the business woul nee to be both a cigar lounge (kind of a tasting room) as well as a retail high-end smoke shop. Because of the current regulations about smoking,...
Steve Jobs and Entrepreneurialship College dropouts Steve Wozniak and Steve Jobs founded Apple Computer in April 1976. The 1984 launch of the Macintosh computer finally moved Apple into the business office, and by 1988, over one million Mac's had been sold. Jobs stunned the world with the 1984 Super bowl commercial, and literally changed computing for all time (Appleseed, 1984). Now, Apple designs, develops, produces markets and services microprocessor-based personal computers,
Managing All Stakeholders in the Context of a Merger Process Review of the Relevant Literature Types of Mergers Identifying All Stakeholders in a Given Business Strategic Market Factors Driving Merger Activity Selection Process for Merger Candidates Summary, Conclusion, and Recommendations The Challenge of Managing All Stakeholders in the Context of a Merger Process Mergers and acquisitions became central features of organizational life in the last part of the 20th century, particularly as organizations seek to establish and
The goals at which this process is aimed can concentrate on creating benefits primarily for one party or on creating benefits for both parties.' (van der Pluijm and Melissen, 2007, p.1) Multiple-sided city diplomacy is a "diplomatic process in which more than two parties are involved, representing various cities." (van der Pluijm and Melissen, 2007, p.1) van der Pluijm and Melissen state that associations of municipalities "such as United Cities
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