Governments are interested, not only in promoting private entrepreneurship, but in becoming more entrepreneurial themselves. At the same time, regulatory bodies have been sharply criticized for allowing too much creativity and experimentation (e.g., in the use of financial derivatives), and are being urged to stick to more conventional regulatory models." (Klein, McGahan, Mahoney, and Pitelis, 2009)
It is additionally and importantly noted in the work of Klein, McGahan, Mahoney, and Pitelis (2009) that specific mechanisms including those of "...majority voting, arbitration, and consensus-building may lead to the identification of public interests that are flawed in the sense that the expression of the interest does not reflect an underlying reality of alignment." (2009, p.3) Therefore, it must be understood that indicated is that government finance of entrepreneurship will always fail to meet the mark of what arises form the 'spontaneous order' that characterizes the environment of entrepreneurship, in that this is a highly unpredictable phenomenon and one that would be difficult if not impossible to predict therefore the same could be said of the attempt to finance this much needed entrepreneurship in times of economic crisis.
Entrepreneurship arose during the Dotcom boom and it is this that ultimately has spared the entire loss of those years in that the advances made in web applications that are today highly useful and which serve to enable endless business negotiations across the Internet such as XML which is stated to have "created an environment for XML to be the standard for sharing data and applications and this will have a profound and lasting impact on e-commerce." (Campbell, nd p. 8) The question is posed whether that which "motivated everyone to act, react, and respond in such frenzied group-driven madness..." was necessarily "the nature of the dot.com debacle and a necessary evil or it if might be possible "that every renaissance involving 'new' ideas causes the same chaos?" (Campbell, nd, p. 8) Furthermore, the Dotcom era "really matured engine search engine technology." (Campbell, nd, p. 9)
It is noted that many of the features of real-world markets "which appear, from a perfectly competitive-ideal perspective to be direct evidence...
Entrepreneurship and Innovation Subject Q1) Do you think kickstarter is a viable alternative to raising equity funding or debt financing? If so under what circumstances? The growing popularity of the Internet has spawned crowdsourcing as new model of fund raising, pioneering by www.kickstarter.com. This innovative model is a distributed problem-solving and production model helping entrepreneurs and investors to launch a new product to the market place. From the novelty point-of-view, it is
Entrepreneurship How does a "low price provider, a low cost operator," that is committed to keeping quality and safety at the forefront of operations, "…achieve financial sustainability?" (Anant, et al., 2012, p. 1). This paper critically evaluates the article and offers an analysis of the business model employed with Lifespring Hospitals. The Lifespring Hospital Case The hospital got off the ground thanks to American money in the form of a venture capital fund
Finding ways to delegate authority is an important thing for entrepreneurs when they grow. When a company is in the beginning or high growth stage of the business cycle, there comes a point when the founder must let go some control so that the business can be more professionally run. The current business model is somewhat aimless, but oriented towards high end positioning. An alternate direction is that the business
Entrepreneur Description of the Business The business that I am starting is a food truck specializing in pulled pork sandwiches. The primary product is the pulled pork sandwich -- the pork is produced off site -- and it is sold along with a handful of complementary items (drinks, chips) in a food truck, essentially a mobile restaurant. The business will have two trucks to start, in order to cover a wider geographic
Burns (2007) indicates that the text is about that which motivates the actions and decisions of the entrepreneur, including the influence of personal social networks, family and personal background. Moreover, the text reports itself to be about the tasks of management which are associated with the entrepreneurial approach as well as how decisions are make, how risk is balanced and most essentially how there is a clear distinction between
While entrepreneurial accomplishment is common across all nations the ability to create and sustain value-based ecosystems as rapidly as American entrepreneurs are unique (Arbaugh, Camp, Cox, 2005). American Entrepreneurs' Contribution to Global Innovation Innovation in and of itself is not enough to create entirely new businesses; it is in translating innovation into unique, ingenious products and services that meet unmet needs of both consumers and businesses. The current economic downturn, it
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now