Nobody downloaded yet

To What Extent Do You Consider That Robin is an Enterpreneur - Essay Example

Comments (0) Cite this document
Summary
Name Class Tutor Date To what extent do you consider that Robin is an entrepreneur? To adequately answer the question whether Robin Byrdon is an entrepreneur, it would be necessary to define what an entrepreneur is to be able to determine whether Robin is an entrepreneur or not…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.4% of users find it useful
To What Extent Do You Consider That Robin is an Enterpreneur
Read TextPreview

Extract of sample
"To What Extent Do You Consider That Robin is an Enterpreneur"

Download file to see previous pages Although many people come up with great business ideas, most of them never act on their ideas. Entrepreneurs do” (2008). To sum it up, an entrepreneur is an individual who identify opportunities and creates business based on those opportunities and is willing to take risk to realize those business ideas a reality. Based on this definition of an entrepreneur, Robin qualifies as an entrepreneur and embodies its characteristics. Robin also has the essential skill of an entrepreneur of how to manage risk. This uncanny ability of Robin to manage risk was demonstrated when he was able to identify and seize opportunities without exposing himself to undue risk. This was manifested in the case when he started as a part time IT auditor with IT Alchemy yet he still took casual work to supplement his income. This demonstrates that while he was willing to explore opportunities with IT Alchemy, he is also a pragmatist that in case things will not work out, he still has another source of income as a fall back. It was not explicitly stated in the case but reading between the lines, Robin knew deep in his gut that there is an opportunity with IT Alchemy being a start-up company. This was evident with his inclination to stay with IT Alchemy when he was faced with the dilemma of not having the time for the lucrative contract with Heriot-Watt. This has to be stressed because if Robin had the mindset of an employee, he would have readily pursued the contract with Heriot-Watt because of the lucrative pay. Instead, he would have chosen IT Alchemy if he had to make a choice between the Heriot-Watt contract and IT Alchemy because he knew the potential of the company. This ability of entrepreneurs to discern and seize opportunity is elaborated by Timmons that entrepreneurs are able to create and see opportunities at the right time while others see it late or too early (2011). Robins also manifested his entrepreneurial tendency when he found a solution with his dilemma where he can stay with IT Alchemy and keep the contract with Heriot-Watt without losing anything. He was able to create a favourable value for himself because Mike Parr of IT Alchemy agreed with his idea and made him a part-owner of the company when Mike shared ownership of the company with Robin. This may not have been explicitly expressed in the case but Robin may have just been waiting for the right time where he can become a shareholder of IT Alchemy. The Heriot-Watt contract provided him the bargaining chip to leverage himself to become a part-owner of the company. He was able to turn a dilemma into an advantage which is the innovative characteristic of an entrepreneur. When Robin became the Director of the start-up, IT Alchemy, his entrepreneurial acumen to identify opportunities manifested which also proved to be beneficial to the company. As an IT expert, he was able to identify the opportunities spawned by the increased regulation of software licensing and made business out of it. He knew that with the heavy penalties imposed against non-compliance of software licensing, companies would conscientiously pay for renewal regularly in fear of licensing and copyright legislation to the point that they overpay their licensing fees. In a study by the Gartner Group, it was estimated that firms are paying 30% to 50% more on software licence compliance than they need to be. It may be unacceptable from a fiscal point of view for many firms but Robin was able to ident ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“To What Extent Do You Consider That Robin is an Enterpreneur Essay”, n.d.)
To What Extent Do You Consider That Robin is an Enterpreneur Essay. Retrieved from https://studentshare.org/business/1443124-case-study-on-the-firm-it-alchemy
(To What Extent Do You Consider That Robin Is an Enterpreneur Essay)
To What Extent Do You Consider That Robin Is an Enterpreneur Essay. https://studentshare.org/business/1443124-case-study-on-the-firm-it-alchemy.
“To What Extent Do You Consider That Robin Is an Enterpreneur Essay”, n.d. https://studentshare.org/business/1443124-case-study-on-the-firm-it-alchemy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Management in Robin Hood band
However, he consolidated the rule by delegating certain duties to the people he wished to. This created a bunch of people who were involved as the management team, with each individual being given a specific managerial role to play (Lampel, 1). Those individuals whom he delegated the managerial duties to became his lieutenants.
4 Pages(1000 words)Essay
Characteristics of an enterpreneur
Although different people define it in various ways, entrepreneurship is generally defined as the process of wealth creation or a dynamic process of creating incremental wealth (Davidsson 15). An entrepreneur on the other hand is a person who organizes, manages, and assumes the risks for a business or a project.
4 Pages(1000 words)Essay
Robin Hood
Robin Hood Abstract Robin Hood and his band have one clear goal: to kill the Evil King and free the people of Nottingham/Sherwood Forest from oppression. Through a SWOT analysis it has been determined that there are numerous factors that support the success of the mission, but these may also pose issues in the short and long term.
1 Pages(250 words)Research Paper
Robin Hood
We came to know him from the earliest sources which depict Robin Hood as a commoner. Much later he is portrayed as an aristocrat, who is dispossessed of his properties and who later becomes an outlaw. In the different tales there are many discrepancies about the birth of Robin Hood.
6 Pages(1500 words)Essay
4What do you consider are the main problems with the royal prerogative Explain the extent to which you would reform the royal prerogative and why
The best known and judicially approved definition of the royal prerogative is provided by A.V.Dicey. According to Brazier,1 Dicey says: “The prerogative is the name for the remaining portion of the Crown’s original authority, and is
8 Pages(2000 words)Essay
To what extent do you consider that women's political activism in the nineteenth and early twentieth centuries was predominantly concerened with women's suffrag
The fight for vote defines the beginning of self assertion of women and her emergence as a political force on par with men. This period (often called the first wave (Humm.M, 1995,
8 Pages(2000 words)Essay
What would you consider to be distinctive features of US approaches to HRM, and what extent do you think these would be exportable to the rest of the world
comprises of the factors and elements which are outside the boundaries of the firm and over which it has little or no control when it comes to handling the same. (Benton, 1994) US human resources management environment can work to the advantage of the firm as well as become a
8 Pages(2000 words)Essay
To what extent can you consider the Arab World culture to be one singular culture
countries’ normative information; the relevant assumptions are further verified by a survey based on a questionnaire similar with the one that Hofstede used. Current study focuses on the examination of the cultural similarities and differences of 7 Arab countries (Iraq,
8 Pages(2000 words)Essay
From your perspective: What do you consider good and what do you consider view as evil
In my opinion, I consider virtues like merciful, caring, considerate, sympathetic, loving, hospitable and generous as good, while each and every vice that leads to behaviors or actions that are contrary to these as evil. Such vices include rude, unruly, disrespectful,
2 Pages(500 words)Essay
It has been argued that Mills theory as advanced in On Liberty is flawed because of its failure to consider poverty and other social constraints. To what extent do you agree with this view
The Project Gutenberg EBook of On Liberty, by John Stuart Mill, does not examine liberty on will but it looks at the social or civil liberty. The essay shows how liberty is affected by the authority, the classes of
7 Pages(1750 words)Essay
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 To What Extent Do You Consider That Robin is an Enterpreneur for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us