¶ … entrepreneurship ? How badly owner business? Why? Why ? Why time?
Is entrepreneurship for me? How badly do you want to be an owner of your own business?
Why? Why not? Why not at this time?
An entrepreneur gets to create his or her own enterprise from the ground up. He or she gets to set the rules and policies of the company, rather than has to follow them like a company employee. If the business succeeds or fails, it is largely on the founder's shoulders. The entrepreneur gets to select a business model he or she feels passionately about, rather than simply 'punch a clock' to get a paycheck. While there is the unfortunate potential for great losses if the business fails (and many do) there is also the potential for great rewards, if the business is a success.
An entrepreneur must be creative -- first to frame the business concept, and then find ways to fund it and manage it. He or she must think creatively how customers interact with the product or service. New businesses must think in terms of 'value added' -- the values the new product or service can add to their customer's lives. An entrepreneur must break new ground and satisfy a profound, unmet need -- or else, the new enterprise will not survive. An entrepreneur is always working 24/7, and can never really take a vacation since the business 'is' his or her creation...
Pharmaceutical industries have to operate in an environment that is highly competitive and subject to a wide variety of internal and external constraints. In recent times, there has been an increasing trend to reduce the cost of operation while competing with other companies that manufacture products that treat similar afflictions and ailments. The complexities in drug research and development and regulations have created an industry that is subject to intense
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
Innovations in product are not transmitted throughout the organization. This means that there are production synergies between the different Coloplast facilities that are not presently exploited. The company can mitigate the impact of health care reform therefore by improving its product processes. Their industry is beginning to shift from cash cow status to one characterized by tight margins and high volumes. Coloplast must become a low-cost producer, to use Michael
As a result, economic development was redefined in terms of reduction or elimination of poverty, inequality, and unemployment within the perspective of a growing economy (Mamede & Davidsson, 2003). Research indicates that entreprenuership can be both the cause and effect of economic development in the sense of wealth distribution. Countries in which wealth is concentrated in the hands of a small fraction of the population face greater difficulties in coordinating
In "Piaf," Pam Gems provides a view into the life of the great French singer and arguably the greatest singer of her generation -- Edith Piaf. (Fildier and Primack, 1981), the slices that the playwright provides, more than adequately trace her life. Edith was born a waif on the streets of Paris (literally under a lamp-post). Abandoned by her parents -- a drunken street singer for a mother and a
Origins, History of the IMF The International Monetary Fund was first conceived between July 1-22, 1944, at the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire. The conference was attended by representatives of 45 nations, which were called together in order to plan and lay the groundwork for a cooperative economic framework to solve global financial crises before they occur. One key reason for the conference was to
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