The Practice Of Entrepreneurship Through Time And The...

Introduction The practice of entrepreneurship has existed throughout history with the definition advancing through time and the global enterprise. During the life of Marco Polo, entrepreneurship was defined as the practice of being the â€Å"go-between† (Arthur Hisrich, 2011, p. 2) in trade endeavors. Today, the definition includes: the development of ideas, comprehensive risk, commitment of time and resources, and vision with the overarching goal of holistic success and autonomy (Arthur Hisrich, 2011). The entrepreneur exudes behaviors which foster initiative, orchestrate options, and accept responsibility for the success or failure (Arthur Hisrich, 2011). Entrepreneurship has transformed the global marketplace and imprinted all†¦show more content†¦These abilities increase an entrepreneurial leader’s creativity, intuition, and innovation. Consequently, without the ability to process information from a solid foundation, the cognitive skills are compromised. The behavioral responses reveal how the integrated aspects of personality, social ability, and cognitive processes converge. Shein et al. (2010) contended the successful entrepreneur would encompass behaviors of persistence, resilience, patience in uncertainty, and the acceptance that actions have consequence. This leads to motivated solutions which expose new options. The entrepreneur who exhibits negative traits will become angry, withdrawn, and isolated (Podoynitsyna, Van der Bij, Song, 2011); therefore, unsuccessful integrative practices drive the decisions. Characteristics of Success or Failure Passion, purpose, innovation, and vision are common characteristics embodied within the successful entrepreneur (Gielnik, Spitzmuller, Schmitt, Klemann, Frese, 2015). Motivation and a desire for autonomy increase the internal drive to develop planning and expertise (Luka Robu, 2016). Positive characteristics of self-regulation and a self-perception increase competence and emotional control (Gielnik et al., 2015). The ability to limit emotional responses with balanced cognitive and behavioral processes convey a message of entrepreneurial leadership. Characteristics of strength will provide consistency and display a pathway forShow MoreRelatedEntrepreneurship As An Entrepreneur, Real World Experience Essay1568 Words   |  7 PagesEntrepreneurship is a topic that is heavily debated in regards to if it can be taught or not. The word Entrepreneurship originates from a French word that means to undertake. In the business sense, it is defined in the Merriam-Webster dictionary as one who organizes, manages, and assumes the risks of a business or enterprise. Since entrepreneurship is an appealing career path, people want to know if they can be taught it or if it is something they have intrinsically. The objective of this essayRead MoreHow Does Tight Control Stifle Creativity Innovation Creativity, Innovation And Entrepreneurship1727 Words   |  7 Pagesto focus on creativity, innovation and entrepreneurship. In fact, the different type of control styles can be provided for separate level of employees. In many big companies, they apply tight control, for example McDonald’s uses democratic leadership and achieve high production efficiency by imposing pressure on employees. However, most of the employees prefer to have a gentle control style rather than tight control. Also in small business like Bath Spa Global they are using two types of leadershipRead MoreIndia s Total India Focused Fund1532 Words   |  7 Pagescom/2014/05/sequoia-capital-india-fund/). Th e Indian Entrepreneurship ecosystem has been witnessing a steady growth be it in the form of landmark acquisitions, investments or the opening up of an overall opportunity. India’s biggest online retailer Flipkart raised $1 billion in fresh capital recently with a goal to become the ‘mobile e-commerce company of the future’ (http://www.forbes.com/sites/saritharai/2014/07/29/indias-flipkart-raises-1-billion-among-the-largest-in-single-funding-round-in-global-e-commerce/). This reportRead MoreSocial Entrepreneurship2389 Words   |  10 PagesWhat is social entrepreneurship? The animation is made to explain the concept of social entrepreneurship to the general public and raise awareness of the importance of this type of business.... Social entrepreneurship  is the attempt to draw upon business techniques to find solutions to social problems.This concept may be applied to a variety of organizations with different sizes, aims, and beliefs. Conventional  entrepreneurs  typically measure performance in profit and return, but social entrepreneursRead MoreAssignment Questions On Health Care Sector1614 Words   |  7 Pages Diploma in Health Services Management Term: 2 DHCS 201: Managing Enterprise in the Health Care Sector Assessment: 1 (Individual essay) Submitted to: Aleksandra Gosteva Submitted by: Binu Thomas (cib00002mj) ASSESSMENT: 1 MANAGING ENTERPRISE IN THE HEALTH CARE SECTOR a)What does entrepreneurship provide to both private and public health sector as an agent of change? Illustrate your points with suitable examples. A real entrepreneurRead MoreEntrepreneurial Behavior and Perspective1553 Words   |  7 PagesBehavior and Perspective Material Title: Defining and Measuring Entrepreneurship Summary The reading focuses on the definition of entrepreneurship in different contexts and on measuring the level of entrepreneurial activity. Entrepreneurship has been defined differently through neo-classical and economic literatures. Theoretical definitions of entrepreneurship reflect a diverse set of ideas about the role of entrepreneurship in the economy, involving aspects such as innovation, uncertainty-bearingRead MoreThe Concept Of Social Enterprise3413 Words   |  14 PagesAnalyse the concept of Social Enterprise and its relationship to Not For Profit organisations in terms of its philosophical underpinnings, its nature, purpose and motivation. By: Erika Shimada (42681641) The concept of â€Å"Social Enterprise†: the philosophical underpinnings, nature, purpose, motivation At its core, the term ‘social enterprise’ is simply a business, which seeks to create social impact through the trading of goods and services. It uses business platforms to achieve social and/or environmentalRead MoreManaging Enterprise For The Health Care Sector1589 Words   |  7 PagesASSESSMENT: 1 MANAGING ENTERPRISE IN THE HEALTH CARE SECTOR A) A real entrepreneur can take an idea and that can be change in to a service or product according to the needs of certain population. Because of this characteristic economists said that â€Å"entrepreneurship is becoming an important agent in the growth and wellbeing of the society†.an entrepreneur is motivated by family or society. They offer new completion and also promotes improved productivity. They can recognizeRead MoreHow Entrepreneurship Is Important For The Growth And Development Of A Nation And Boosts1398 Words   |  6 Pagesassociated with the business type and taking the initiative to make the profits amid inherent start-up challenges. The individuals engaging in entrepreneurship are entrepreneurs who are innovative and self-motivated to succeed. Entrepreneurship is important for the growth and development of a nation and boosts its ability to compete favorably in the global arena (ACS, 2010). Objectives of the fifth annual HKUST The competition is an opportunity to budding teams who have the passion and abilityRead MoreA Brief Note On Uk And Eu Small Business Policy2654 Words   |  11 Pagesgrowth through innovation, productivity and job creation. 1.0 Background 1.1 Definition The widely accepted definition of Small to Medium Enterprise [SME] is that adopted for statistical analysis by the European Commission [EU] in 20111. SMEs are considered to employ less than 250 employees, have an annual turnover not exceeding â‚ ¬50 MM ( £40 MM) and/or a balance sheet not exceeding â‚ ¬43 MM ( £34 MM)5. Within this framework there are three distinct enterprise categories: