StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Role of Entrepreneurs in Organizations - Essay Example

Comments (1) Cite this document
Summary
Today’s business organisation solely depend the entrepreneurial culture that enhance a company’s competitiveness and the market share it gains. An entrepreneur is a person who organizes and mobilizes resources-people, money, skills, ideas and market to create something that did not exist before and which is feasibility profitable…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.1% of users find it useful
Role of Entrepreneurs in Organizations
Read TextPreview

Extract of sample "Role of Entrepreneurs in Organizations"

Download file to see previous pages An entrepreneur is a person who organizes and mobilizes resources-people, money, skills, ideas and market to create something that did not exist before and which is feasibility profitable.( Academy of engineering, 1978).An entrepreneur according to Drucker(1985) is someone who perceives and exploits opportunities. This implies that an entrepreneurship is a process of creating new and valuable things which includes ideas and converting into a usable product that satisfy a need (Hisrich and Peter, 1985). The increasing importance of entrepreneurship accentuates why small ventures are growing at a faster rate than larger organizations. A similar survey indicates that over the last decade, small ventures created more jobs than the larger which instead, continues to lose jobs (Drucker, 1985). Furthermore, the changes in the business environment such as harsh global as well as the local competition, sudden and unexpected alteration of demand, the rapid acceleration of technological development and increase in risks. Innovation and creativity have become essential for survival, growth and profitability in today’s business world as evidenced in the leadership styles, product and market development strategic moves and innovations and immense creativity. Another feature of that has changed the face of entrepreneurs in an organization is the growing networking. This network can be characterized by increasing market forces, co-operation between firms, collaboration for research and development, subcontracting, outsourcing and strategic alliances that have leapfrogged firm’s profitability and ironed further the roles that entrepreneurship performs in organizations. As no firm can really operate on its own, each depends on the other for survival in the competitive world. Question two There are various types of entrepreneurs. The scope of entrepreneurs is determined by the nature of the business venture, the ‘real’ objective of starting up the business. First, there is a business entrepreneur. This is entrepreneurs who conceptualize of a business idea, start and manage the business. In business arena, they generate noble ideas, exchange goods and services with tailoring all the marketing and brand building to attract and increase the sales volume of their products. They manufacture and innovates new and unique products and services which satisfy the customers’ needs by alleviating the prevailing problems. For instance, Sir Branson of UK serves as an imperative example. Business entrepreneur plans, organize, develop and manages corporate affairs with immense creativity and skill that champion their corporate firms into profitable ventures. For instance, former General Electric long-serving CEO, Jack Welch who stirred the firm into greater heights in performance. Second, there are technology-based entrepreneurs endowed with skill and high technical knowledge in technology. The technical entrepreneur poses high skills in product crafts and focuses mainly on the product design and development so as to supply the market with sophisticated products. The non-technical entrepreneurs focus on the non-technical aspects such as marketing, distributions and pricing strategies to promote the sales of the product while the professional entrepreneurs are the one who creates new technology or an idea and sells to others in form patents and other copyrights. Third, there are motivational based entrepreneurs. First, pure motivational entrepreneur create jobs for other rather than seeking a job for himself. They pose a high desire to create a new venture or an idea that will create jobs and improve the living standards for others. Others in this category include ,induced entrepreneurs who are encouraged by the government to invest in ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Role of Entrepreneurs in Organizations Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved from https://studentshare.org/business/1393610-interview-an-entrepreneur-and-write-a-case-study
(Role of Entrepreneurs in Organizations Essay Example | Topics and Well Written Essays - 2000 Words)
https://studentshare.org/business/1393610-interview-an-entrepreneur-and-write-a-case-study.
“Role of Entrepreneurs in Organizations Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/business/1393610-interview-an-entrepreneur-and-write-a-case-study.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
br
bruencleve added comment 2 years ago
Student rated this paper as
The topic of "Role of Entrepreneurs in Organizations" is quite often seen among the assignments in high school. Still, this paper opens a brand new perspective of seeing the issue. I’ll use the idea for my own sample.

CHECK THESE SAMPLES OF Role of Entrepreneurs in Organizations

The Role of the World Trade Organization in Globalization

The protests according to the President of Mexico came from people who were either ignorant of the exact situation despite having a genuine concern and hence were swayed by emotions or by those who had become insecure in their jobs with globalization.
WTO claimed that the first charge was a misconception. It claimed that it opposed measures that use environmental protection as a guide for the protection of domestic industries against foreign competition and not to the measures to protect the environment as the allegations suggested. WTO debated that under its rules, environmental protection measures are prohibited only if those measures treat foreign producers more harshly than domestic producers. It was later found as seen i...
10 Pages(2500 words)Coursework

The Role of Manatees in Floridas Ecosystem

Dr John Reynolds (manager of Mote Marine Laboratory's Manatee Research Program and chairman of the U.S. Marine Mammal Commission) and Kessenich are conducting surveys of manatees in the summer and fall when coastal boat traffic is heaviest and most dangerous. They are continuing the Earthwatch-supported project started here nine years ago, investigating how and why manatees use different coastal habitats and how loyal they are to favourite haunts.

Aboard a seven-meter outboard boat with an observation platform, you'll learn to scan coastal waters for manatees, a note identifying scars from propellers (virtually all adult animals have some), and record location and environmental factors as staff members snapshots of the...
10 Pages(2500 words)Essay

Empowering and Supporting Carers: How Far Is This Your Role as a Care Manager

In Great Britain alone, roughly one out of six adults between the age brackets of 16 to 74 years old have been diagnosed with the neurotic disorder and four out of a thousand adults between the same age bracket have been diagnosed with a psychotic disorder.  Although statistics show some changes in the age bracket where mental disorders occur over time, the National Statistics (2001) report noted that the highest prevalence rate of 20% adults with neurotic disorders is found between the age bracket of 40 to 54 years old. 

Clinical studies show that individuals who are diagnosed with mental illness usually reveals a pattern of psychological behavior which could result in either a short or long-term illness and...
11 Pages(2750 words)Term Paper

The Role of Leadership in Attracting Youth to the Church

Not everyone can be a leader because leadership needs specific talent and capability coupled with knowledge and strength of good character. Such leadership is more evident when it has to do with religion and the Church.

Especially in these Modern times, being a leader is by no means an easy task. It calls for a lot of sacrifices and hard work because the youth of today are not the youth of a few centuries ago. Human beings are like institutions that undergo various changes throughout their lifespan. In the beginning, they are filled with vigor and vitality, but over a period of time, due to lack of proper guidance or laxity on the part of its leaders, monotony sets in and one loses their interest. Hence one of the vital...
6 Pages(1500 words)Thesis

The Role Played by Cultural Difference in International Politics

The discourse of multiculturalism is inconsistent. To its advantages belongs preservation of cultural pluralism, recognition, and protection of the diverse minority, refusal from xenophobia, chauvinism, and racial prejudices. Lacks are shown in ethnisation of social relations, the institutionalization of cultural distinctions, ignoring the liberal principle of priority of the rights of an individual.

The culture of any nation, defining its spiritual uniqueness, expressing its creative power and abilities, simultaneously is a property of all mankind. “According to official multiculturalism, no individual is forced to retain his or her culture, but all cultures are granted a universal right to celebrate and even to...
9 Pages(2250 words)Essay

An Overcorrection of Mary Magdalenes Biblical Role

A purely theological approach to DVC would be impossible since the claims the book makes takes issue with what has been supposedly left out of the bible. This essay will in no way attempt to question whether any non-canonical gospels should be considered; that sort of investigation should be left to historians.

As Brandon Gilvin states in Solving the Da Vinci Code Mystery, “It’s difficult to start a discussion on the creation of the bible from the Bible itself” (7). As the word of God is being questioned, it does us no good to turn to the Gnostic Gospels, the main sources of the claims of Mary Magdalene’s and Jesus’ marriage. In these texts, Mary Magdalene is the most mentioned person after...
11 Pages(2750 words)Essay

Role of Leadership in Organisations for Entrepreneurial Success

It has also been defined as “a multidimensional concept encompassing the firm’s actions relating to product-market and technological innovation, risk-taking and proactiveness” (Kellermans & Eddleston, 2006). Thus an entrepreneur is a person who is prepared for new challenges, face adversities, take the risk and achieve profits by identifying opportunities and utilizing the resources available. An SME operates in an uncertain environment characterized by multiple and frequently competing stakeholders. Thus it is essential to determine whether the entrepreneur should be a good manager or posses the leadership qualities. It is also essential to evaluate the leadership role that an entrepreneur has to play.
...
7 Pages(1750 words)Term Paper

The Ethical Role of Corporations

The main aim of an organization can be anything ranging from profit to gaining market share, but the way it achieves this goal matters a lot. There are certain responsibilities and obligations that the organization has towards various groups and situations. It may be impossible to discuss every ethical obligation to a corporation because there are so many. These range from the production of bad goods like tobacco to treating the employees fairly.

Mark Pastin in his book, ‘The Hard Problems of Management: Gaining the Ethics Edge’, has attempted to summarize this by providing four principles that are necessary in order for an organization to be ethical. The organization must interact with all stakeholders with...
8 Pages(2000 words)Research Paper

The Role of Telecommunications in Growth

If information is significant to advancement, then telecommunications, as a way of sharing information is not only a relationship between people, although a connection in the sequence of the advancement processes itself. The role of telecommunications in broadcasting information can be predominantly important in rural regions where other methods of acquiring and transmission information for instance personal contact, transport, and postal services are expected to be less available.
Distance signifies time, in an all the time more time-conscious world. In economies that rely forcefully upon agriculture or the mining of resources, remoteness from urban markets has usually been improved only with the setting up of enhanced trans...
23 Pages(5750 words)Assignment

The Role of Mass Media in the Development of Aggression

Despite the fact that longitudinal studies have proven that human aggression is to some extent an unwavering trait, it is undeniable that the environment plays a big role in influence the aforementioned behavior (Slaby & Roedell, 1982). Our daily encounter with the environment is a form of socialization that is defined as the process of integrating within oneself a sense of connection to a larger social world by means of discovering, understanding and adopting the beliefs, values, and norms of culture of other people. To a certain extent, sociologists consider the mass media as a powerful socializing agent as its significance is not constrained to the content alone of the media messages. Instead, it affects how we learn a...
10 Pages(2500 words)Report
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Role of Entrepreneurs in Organizations for FREE!

Contact Us