Entrepreneurship and Effective Business Performance - Essay Example

The total market for health care will increase; thus offering entrepreneurs varied opportunities for effective business performance. Fear of high competition for doctors, loss of security and increased number of doctors are the competitive barriers in the healthcare field. However, the regulatory requirements are essential because they protect entrepreneurs from competitive barriers; thus allowing the entrepreneur to compete favorably in the healthcare market. An entrepreneur will benefit from regulatory requirements; thus enabling the entrepreneur to achieve varied opportunities in the healthcare sector.

The health care entrepreneurs can communicate and manage ethics effectively; thus establishing a solid ethical and legal foundation. Communication in the workplace is essential because it will enable the employees and employers to understand one another. Managing ethics is one way through which an entrepreneur can establish a solid legal foundation. Therefore, entrepreneurs should align the organizational goals and the labor force. This is imperative because it offers a solid foundation through which entrepreneurs can build effective, ethical decision-making and communicate effective legal requirements. Morrison (32) argues that managing ethics in an organization is crucial because it builds a solid code of conduct; thus guiding employees toward effective organizational performance. Therefore, communication and aligning the code of conducts with the organizational requirement can reaffirm the organizational values. Read More