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

Entrepreneurial Dynamic Leadership Process Self-Reflection I have found the Entrepreneurial Dynamic Leadership Process (EDLP) model to be very helpful and relevant in reviewing my own leadership experiences and behaviors so far in my life. I really appreciate the model's emphasis on self-leadership. Leaders must first lead themselves in order for others to follow, or for them to inspire others to action, including their own leadership. I especially enjoy the metaphor of

Another key factor that contributed to the rise of the business to its status of success is that of the quality of service offered. Right from the menu across to the attendants, there is quality in everything that Five Guys offers. The menu is simple and straight forward, despite the pressure from the customers and interested parties to increase the services it offers, they have kept their menu simple and

In many ways, we may assert that the personal and company budget, in the case of a fully owned private entrepreneurship, is often one and the same, especially when it comes to expenses: company expenses are equivalent to personal expenses. Without the large resources in a company or organization, it is often tougher to deal with market crisis. For example, if the demand for the product you are commercializing suddenly

Lastly, I would just like to know what approaches are out there. Everybody has his or her own idea, but I want to know what works for other people. Some will argue against any serious ethical principles at all, some will make ethics a central part of their company. For me, I know that I have to choose a market-based approach, so I am definitely curious to learn about the

successful the business has been at recognizing and satisfying stakeholder interests. Paul Terminal Warehouse was originally a start-up business founded in 1916 by Harry McNeely Jr. To him, the nascent business was doing well, providing above-average income for him and his family, and making their lives in the twin cities area opulent by turn-of-the-century standards. Concepts of governance, stakeholder management, and development of plans for managing take-over attempts by his