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Author Topic: Entrepreneurship  (Read 327368 times)

rhina

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Entrepreneurship
« on: April 08, 2008, 08:07:51 pm »
Entrepreneurship defined

Entrepreneurship is the practice of starting new organizations or revitalizing mature organizations, particularly new businesses generally in response to identified opportunities.
Entrepreneurship is often a difficult undertaking, as a vast majority of new businesses fail.
Entrepreneurial activities are substantially different depending on the type of organization that is being started.
Entrepreneurship ranges in scale from solo projects (even involving the entrepreneur only part-time) to major undertakings creating many job opportunities.
Many "high-profile" entrepreneurial ventures seek venture capital or angel funding in order to raise capital to build the business.
Angel investors generally seek returns of 20-30% and more extensive involvement in the business.
Many kinds of organizations now exist to support would-be entrepreneurs, including specialized government agencies, business incubators, science parks, and some NGOs.


source: https://en.wikipedia.org/wiki/Entrepreneurship

rhina

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Re: Entrepreneurship
« Reply #1 on: April 08, 2008, 08:10:30 pm »
The Entrepreneur

Entrepreneurs have many of the same character traits as leaders. Similarly to the early great man theories of leadership; however trait-based theories of entrepreneurship are increasingly being called into question.
Entrepreneurs are often contrasted with managers and administrators who are said to be more methodical and less prone to risk-taking.
Such person-centric models of entrepreneurship have shown to be of questionable validity, not least as many real-life entrepreneurs operate in teams rather than as single individuals.
Still, a vast but now clearly dated literature studying the entrepreneurial personality found that certain traits seem to be associated with entrepreneurs:

David McClelland (1961) described the entrepreneur as primarily motivated by an overwhelming need for achievement and strong urge to build.

Collins and Moore (1970) studied 150 entrepreneurs and concluded that they are tough, pragmatic people driven by needs of independence and achievement. They seldom are willing to submit to authority.

Bird (1992) sees entrepreneurs as mercurial, that is, prone to insights, brainstorms, deceptions, ingeniousness and resourcefulness. they are cunning, opportunistic, creative, and unsentimental.

Cooper, Woo, & Dunkelberg (1988) argue that entrepreneurs exhibit extreme optimism in their decision-making processes. In a study of 2994 entrepreneurs they report that 81% indicate their personal odds of success as greater than 70% and a remarkable 33% seeing odds of success of 10 out of 10.

Busenitz and Barney (1997) claim entrepreneurs are prone to overconfidence and over generalisations.

Cole (1959) found there are four types of entrepreneur: the innovator, the calculating inventor, the over-optimistic promoter, and the organization builder. These types are not related to the personality but to the type of opportunity the entrepreneur faces.

rhina

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Re: Entrepreneurship
« Reply #2 on: April 08, 2008, 08:11:18 pm »
Characteristic of Entrepreneurship

The entrepreneur has an enthusiastic vision, the driving force of an enterprise.
The entrepreneur's vision is usually supported by an interlocked collection of specific ideas not available to the marketplace.
The overall blueprint to realize the vision is clear, however details may be incomplete, flexible, and evolving.
The entrepreneur promotes the vision with enthusiastic passion.
With persistence and determination, the entrepreneur develops strategies to change the vision into reality.
The entrepreneur takes the initial responsibility to cause a vision to become a success.
Entrepreneurs take prudent risks. They assess costs, market/customer needs and persuade others to join and help.
An entrepreneur is usually a positive thinker and a decision maker.

Filbiz

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Re: Entrepreneurship
« Reply #3 on: October 31, 2008, 10:43:34 pm »
Thanks for this article.

Businessmaker Academy

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Re: Entrepreneurship
« Reply #4 on: November 04, 2008, 02:35:05 pm »
Are all your post from wikipedia?

joei

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Re: Entrepreneurship
« Reply #5 on: November 05, 2008, 07:00:42 am »

rhina

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Re: Entrepreneurship
« Reply #6 on: November 06, 2008, 08:22:29 pm »
Are all your post from wikipedia?

no. why dont you check my profile so you'll know.
 ;)

Businessmaker Academy

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Re: Entrepreneurship
« Reply #7 on: November 13, 2008, 11:25:40 am »
ok..  ;D more power ma'am.

leon kingz

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Re: Entrepreneurship
« Reply #8 on: January 13, 2009, 07:19:44 pm »
hi can i join?

charlie4031

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Re: Entrepreneurship
« Reply #9 on: February 14, 2009, 09:41:35 am »
Thanks for this nice article. Loved the part that says entrepreneurs seldom like to submit to authority. Hehe how true!

moneysolution

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Re: Entrepreneurship
« Reply #10 on: April 02, 2009, 07:56:45 am »
The Entrepreneur

Entrepreneurs have many of the same character traits as leaders. Similarly to the early great man theories of leadership; however trait-based theories of entrepreneurship are increasingly being called into question.
Entrepreneurs are often contrasted with managers and administrators who are said to be more methodical and less prone to risk-taking.
Such person-centric models of entrepreneurship have shown to be of questionable validity, not least as many real-life entrepreneurs operate in teams rather than as single individuals.
Still, a vast but now clearly dated literature studying the entrepreneurial personality found that certain traits seem to be associated with entrepreneurs:

David McClelland (1961) described the entrepreneur as primarily motivated by an overwhelming need for achievement and strong urge to build.

Collins and Moore (1970) studied 150 entrepreneurs and concluded that they are tough, pragmatic people driven by needs of independence and achievement. They seldom are willing to submit to authority.

Bird (1992) sees entrepreneurs as mercurial, that is, prone to insights, brainstorms, deceptions, ingeniousness and resourcefulness. they are cunning, opportunistic, creative, and unsentimental.

Cooper, Woo, & Dunkelberg (1988) argue that entrepreneurs exhibit extreme optimism in their decision-making processes. In a study of 2994 entrepreneurs they report that 81% indicate their personal odds of success as greater than 70% and a remarkable 33% seeing odds of success of 10 out of 10.

Busenitz and Barney (1997) claim entrepreneurs are prone to overconfidence and over generalisations.

Cole (1959) found there are four types of entrepreneur: the innovator, the calculating inventor, the over-optimistic promoter, and the organization builder. These types are not related to the personality but to the type of opportunity the entrepreneur faces.

Thanks for the inspiring article, to ad up entrepreneur is a problem solver. The more problem solve the higher the profit.  :D

Creativegd

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Re: Entrepreneurship
« Reply #11 on: June 03, 2009, 10:36:39 pm »
Hi Everyone,

I think more than ever, now is the time of the Entrepreneur. We can't always rely on the government to solve our financial difficulties :)

I was reading a productivity blog and the blogger pointed out that if you are really serious about being productive, then YOU must work for yourself and start a business!

-Tues-

ventura

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Re: Entrepreneurship
« Reply #12 on: June 15, 2009, 03:47:04 pm »
FILIPINO ONLINE ENTREPRENEUR

Defined. (Positively) Mga Pinoy na naghahanap ng pera sa internet.

Defined. (Negatively) Mga Pinoy na walang sawang nagpost ng mga walang kwentang post sa internet. (synonymous to spammers)


From Bokabularyo ni Pakyaw

rhina

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Re: Entrepreneurship
« Reply #13 on: June 24, 2009, 07:30:57 pm »
FILIPINO ONLINE ENTREPRENEUR

Defined. (Positively) Mga Pinoy na naghahanap ng pera sa internet.

Defined. (Negatively) Mga Pinoy na walang sawang nagpost ng mga walang kwentang post sa internet. (synonymous to spammers)


From Bokabularyo ni Pakyaw


ha?
so what's the point?

Mc Sioting

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Re: Entrepreneurship
« Reply #14 on: October 28, 2009, 03:40:10 pm »
Thanks for the post!

 

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