Joseph Schumpeter

Remember when Uber was such a big deal it became a model company? There were intense city-by-city launches, and an increase in sharing economy businesses that take away market share from established businesses. Other examples include Airbnb (which crowd-sourced bed and breakfasts), Homejoy (which crowd-sourced home cleaning workers), or Postmates (which crowd-sourced courier services). The rise of these sharing economy businesses inspired a whole gamut of more, each finding a new industry to…

Introduction: Entrepreneurship can be classified as the acts of creation, renewal or innovation that occur internally or externally of an existing business (Sharma & Chrisman, 1999). Influencing factors depict the importance of entrepreneurship in the development and growth of a country, namely: the role of an entrepreneur, the relationship between entrepreneurship and development. (users.ipfw.edu, 2007) The Importance of entrepreneurship in economic development and growth can be seen with…

BACKGROUND In today’s competitive business world no organization can stand alone. All of them private companies, government or non-profit organizations create network relationships and compete with each other. One of the significant and modern ways of competing with others became the supply chain. (Christopher 2005) “Companies especially retailers are challenged with finding ways to meet ever-rising customer expectations at a manageable cost”. (Bala, 2014) In order to do that, retailers looking…

The need to increase efforts to incorporate innovation and entrepreneurship is rising. In order to do this specific requirements must be followed. The firm must use ongoing environmental monitoring. An entrepreneurial climate must be created and maintained. When entrepreneurial behavior occurs it must be encouraged. A strong emphasis of customer and or stakeholder focus must occur. Each of these requirements are important to increasing innovation and entrepreneurship in their own ways and…

What is Entrepreneur? An Entrepreneur is the one who systematizes, manages, and shoulders the risks of a business or enterprise. An entrepreneur is a pioneer, a contender and a driver. One who crafts something new, or some creativity, a business or an enterprise. An entrepreneur is the beginning (and at times the end) of the endeavour, project or activity. Traits of a Successful Entrepreneur  Full of willpower  Not frightened to take risks  Great confidence  Hunger after erudition …

1) Based on Lyle Wong case study, I consider Lyle as entrepreneur. The first reason is Lyle have big ideas. Lyle dream big and think big, he was come out with ideas that haven’t been tested and work on it before. And he believe that his ideas is possible to success if he try to work on it with right way. The second reason is that I can see in this case study, Lyle love to take risk. Entrepreneurship involves recognizing, and he being willing to accept the risk that the venture may success or…

4.2 Climate for Corporate Entrepreneurship at Discovery Limited Corporate entrepreneurship refers to the ability to pursue opportunities in an industry despite the level and nature of the sources available in that time period. This is largely attributed to the organisations entrepreneurial mind-set (Martinkute & Skandarioon, 2013). Here Discovery Limited has proven to be a leading organisation in corporate entrepreneurship with the launching of the Vitality program along with the recent addition…

The prospect of being your own boss and running a business is a glamorous one to many people (Questia). However, this job involves many risks, hard work, and sacrifice, could it be right for you? This is the prospect of being an entrepreneur. An entrepreneur is someone who starts their very own business. Their education can vary depending on their good or service. Nonetheless, they need experience running, or working in a, business. There is also additional information like advantages,…

What is the rationale behind social entrepreneurship? Is it to gain recognition for the business in order to generate more profit, or is the main focus creating social value within the community? The aim of this essay is to address the question stated above by analyzing the role of social entrepreneurs and their motives behind choosing that particular entrepreneurial type, in South Africa (a developing country according to the United Nations Statistics, 2017) with the exception of one or two…

SECTION I - Introduction: Statement of research topic: For the academic research assignment, this essay will deal with the concept and theme of entrepreneurship with focus mainly on how Sir Richard Branson as one of the most successful and world renowned entrepreneurs. Purpose/Objectives: • To learn about the theme of entrepreneurship. • To understand why Sir Richard Branson is a successful entrepreneur. • To find out knowledge about Richard Branson’s companies. Introductory paragraphs: In…