Case Study Of Entrepreneurship

“John Labatt Blows In and Out of the Windy City, A Case Study in Entrepreneurship and Business Failure, 1889-1896”, a 2014 article by Matthew Bellamy clearly illustrates multiple aspects working against the Labatt Brewery in its attempt to jump into American saloons in the nineteenth century. Being the first Canadian Brewery to tackle an expansion undertaking provided an interesting study for the author. The article discusses the brewery’s history and compares the different possibilities that lead to the downfall of the company’s American Expansion. Debating with the readers whether the failure was caused by environmental factors or strong personality traits, by not understanding the American consumer base or by not planning for new expenses- Bellamy covers many possible angles as to where the collapse could have faulted.

A part of this is the Youth Employment Package, similar to the 2015 Youth Employment Strategy, it aims to give youth the employability skills that employers want, opportunities for work experience and the support to move from welfare support to employment. $840.3 million was allocated to the Youth Employment Package and this is a $510 million increase from 2015. The increase of money allocated to address the area of youth unemployment displays that the government recognizes the extent of the issue and that more services will assist in addressing the issue. The Encouraging Entrepreneurship and Self-Employment Initiative is an outcome of the Youth Employment Package. The initiative aims to assist young people create their own job by starting a small business. One service that is provided is the ‘Exploring Being My Own Boss’ workshop. The two-week workshop gives up to 1000 young people a taste of what is involved in self-employment and entrepreneurship.

The purpose of writing this report is to show how much I have learned and experience from enrolling in BBA 220. It is also include the impression and my personal reflection about the unit itself, and also the reflection about group project. Before I start this unit, I do not understand much about entrepreneur and entrepreneurship at all. I just know that people who do business are businessmen. However, after joining this unit, my understanding toward entrepreneur become different. Entrepreneur is someone who is willing to take risk by inventing a new business that does not exist in the market or start up their own business to make profit or take benefit of an opportunity. On the other hand, according to Joseph Alois Schumpeter (1883-1950),

The government must structure its policies in such a way that it nurtures an entrepreneurial environment and allows effective opportunities for entrepreneurial firms to grow and make an impact towards national economic development. ”By focusing on existing, new and nascent entrepreneurs, entrepreneurship policy focuses on the change of process acknowledging the need to respect antecedents and consider future opportunities.” (Mitra, 2012, p.227)

With the vogue around with startups, entrepreneurship is not a post educational phenomenon anymore. The world has shown how young people whilst studying, can triumph in creating great companies. But, how young of a student are we talking about? You would think ‘college’, but no; today we are to look at a high school student who dreamt enough to do enough.

Indian economy, which contributes to 80 percent of the South-East Asian region’s output, is set to grow by 6.4 percent in fiscal year 2015/16 (http://www.worldbank.org/en/news/press-release/2014/10/06/led-india-south-asia-economic-growth-accelerate). Since 1991 India has consistently been among the top 10% of the world’s countries in terms of economic growth (http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/SOUTHASIAEXT/EXTSARREGTOPMACECOGRO/0,,contentMDK:20592481~menuPK:579404~pagePK:34004173~piPK:34003707~theSitePK:579398,00.html). In the agriculture, production and services sectors, India has made remarkable strides in the last two decades becoming the 2nd, 14th and 15th largest economy respectively (http://www.economywatch.com/indianeconomy/india-development.html). What gives India a competitive edge over other developing economies is the fact that 63% of its population is in the working age group of 15-59 years. Given that most studies have concluded that nascent entrepreneurship prevalence are highest in the age bracket 25-34 years, it makes India the cynosure of entrepreneurial and economic investments from across the world (http://ediindia.ac.in/e-policy/Doc/Draft-National-Entrepreneurship-Policy.pdf).

With a plethora of new ideas, innovations, skills and opportunities, entrepreneurship has become a new trend in employment across the world. It is a good way to alleviate the pressure on employment. Entrepreneurship can improve economic efficiency, bring market innovation, increase employment opportunities and maintain employment levels (Shane, & Venkataraman,2000). Keeping this in mind, in the recent years, universities now focus their attention to promote entrepreneurship through education so as to instill motivation, confidence, interest and

Introduction Opening Entrepreneurs play a very important role in the economy as they are the building blocks for a country by providing job opportunities, producing goods and rendering services to consumers. An entrepreneur is an individual or group of people (entrepreneurs’) that identify a business opportunity in a particular market and then provide a product or render a service that will satisfy the needs and wants of the consumers. In my opinion entrepreneurship should be promoted more and thought to the younger generations as it has lots of different advantages to it such as providing job opportunities which will lead to combating socio-economic problems such as poverty and unemployment which in turn will reduce crime levels because

Again, there is the Citizen Entrepreneurship Development Agency (CEDA) which aims at providing financial and technical assistance to citizens to develop their businesses (CEDA, 2016). Not only does CEDA offer financial assistance to developing businesses but also to already existing ones. What is more, it also offers training, mentorship and advisory services to new entrepreneurs as well as those that have been in the industry for a while. It is however worrisome how some of the youth businesses

It is identified the proximity of universities and supporting services are two of such stimulating factors to overcome the challenges by using entrepreneurial energy and positive factors that encourage entrepreneurship (Bruno and Tyebjee 1982). However, the first entrepreneurship education at college-level course was offered by Harvard University in 1947; gathered momentum in business schools in the early 1970s and according to the Kauffman Centre for Entrepreneurial Leadership, it begun as a force in 2001 in the US. Entrepreneurship education in colleges and universities has expended over the last twenty years at undergraduate and graduate levels in Canada, Europe (Kuratko 2003) and in Australia (Peterman and Kennedy 2003; Jones and English 2004) where the origins of the Bachelor of Business (Entrepreneurship) date back to the mid 1990s (Chan 2005). Currently, Australian Universities offer more than 50 entrepreneurship courses ranging from units as part of the bachelor or master programs and bachelor programs with specialisation/ major/ minor in entrepreneurship to postgraduate programs in entrepreneurship including postgraduate diploma/certificate, masters’

The researcher believes that education play important role for promoting young entrepreneurship in the country. Therefore, the researcher recommends Indonesia to create awareness among society to promote entrepreneurship by providing early access on entrepreneurship education. This recommendation could be achieved by advise formal institutions to provide early entrepreneurship courses at school; and encourage business accelerators and incubator to involve on giving training,

It is a well recognized factor that entrepreneurship and entrepreneurs are important drivers of economic growth, because they encourage employment , innovation and improve the GDP of the country. “Entrepreneurship” became the buzzword in India only in the early part of the new century. Traditionally Indian have a very strong culture of security in income, barring a few communities like Marwaris, Punjabis, Parsis and Sindhis most other communities prefer to have secure jobs and are risk averse. Most of the entrepreneurial ventures were from these communities. This has changed considerable of late and one hears of several success stories were the entrepreneurs are self-made

Entrepreneurship is not an easy job as it is one of the most risky and stressful careers in the market (“Entrepreneurs”). A successful entrepreneur may be living in a mansion inspiring and creating change every day, but a failed entrepreneur may be living in a tiny apartment with millions of dollars worth of debt behind him. The success of a business can make or break an entrepreneur’s life.

Entrepreneurship is defined as the practice of beginning a new trade or reviving an existing business, for capitalizing on fresh opportunities. The statement were analyzing today is all about entrepreneurship. The author here is trying to explain that like every coin has two sides, entrepreneurship also has benefits and drawbacks. Every year the number of people realizing the dream of owning a business is increasing across the world. The level of interest in entrepreneurship among the people is never been higher than in 21st century. At recent study by Ernst and Young shows that 78% of influenced people of America believe that the entrepreneurship will define the trend of the century. There are number of people who leave the security of job in corporate world to live their dream of starting their own business and being independent. Then there are others who are forced to become an entrepreneur as a result of downsizing in the current market and the rest are who themselves decide to become entrepreneur from start. In today’s world money is the only thing that matters. So people blindly jump into the world of entrepreneurship without calculating the risk involved and uncertainty of starting a new business. Although staring and setting up a new business is never easy but with the help and

A comprehensive approach to promoting entrepreneurship must work on three levels-individuals, firm and society. To motivate individuals to become entrepreneurs, they should be made aware of the concept of entrepreneurship and this should be made sufficiently attractive option. They should be equipped with the right skills to turn ambitions into successful ventures. For entrepreneurial ventures to develop