Characteristics Of Entrepreneurial Competencies

Entrepreneurial spirit is taking the approach to seeking change, and having the attitude and or mindset that question innovation. Also thinking of change services that will help the continuous improvement for an organization. Two Must-Haves for Growth: Entrepreneurial Spirit and Focus on Core Competencies is article that was written by Richard chaifetz looks at the most important core competencies to help a company with sustainable growth and profit. He encourages people to clearly define the core competencies and living by them, and having an entrepreneurial value system and maintaining that value system while the company growths. While doing these two things companies will continue to grow and a place in the future. The behavior is practical in the Entrepreneurship spirit section by showing the thinking and or the mindset of change and the attitude.

List the three managerial competencies that have led to your success so far in your job. List your strength and, for each strength listed, determine how that strength might get you into trouble and why is it so difficult to become and effective middle manager?

The core objective of this article is to analyze the impact of internal characteristics (e.g. size, leverage, liquidity, operating expenses, management fee and age) on profitability of listed Modarabas in Pakistan. Pooled OLS method used to estimate the effects of internal characteristics on profitability measured as profit margin, return on investment and earnings per certificate. Data was taken from financial statement analysis (FSA) of financial firms compiled by SBP during 2011-2015. Results show that size of Modarabasis positively related to profit margin and return on investment. The possible reasons for positive association between size and profitability are, first, large Modarabashave high turnover compared to small Modarabas

stock market shows that excess returns can be earned in related to firm size but the effect is not stable over time. Dimson and Marsh (2001) believe that market anomalies apply to Murphy 's Law which if things can go wrong, it will eventually go wrong. That is, the excess return of small companies will eventually move towards reverse. They compared the stock return of small firms in the U.K. stock markets with that in the U.S. stock markets from 1955 to 1997. The study shows the stock returns of small firms were 6% higher than large firms during 1955 to 1986 then many founds Management Company launched between 1987 and 1988, followed a reverse on stock returns of small firms were 6% lower than the large firms from 1989 to 1997 (Dimson and Marsh 2001). This may also be contradicts for the small firm effect.

Small firms are good for those people who have experience in particular field but do not have a necessary amount of resources, in the terms of resources contain land, labour, capital and enterprise. Small firms not require more space to start production so require less amount of land same as land in production small firms require less number of people. Enterprise is the risk taking ability of the owner.

Company size can be measured by number of employees or revenue. For the purpose of this paper, I select number

Businesses can come in all seizes, the size of a business can be detrmined by many different factors for example the number of staff employees, the amout of profit it generates and on what scale it operates

A. What are the fixed and variable costs to the company of producing, marketing, and selling the new good or service

Small business enterprises form special economic component of a given country. As such the strategies should be put in place to ensure their proliferation and continued generation of profit to the owners and revenues to the government. Small businesses are also source of employment for most individuals who are unlucky to be employed by the multibillion corporate and other middle level companies and organizations. Management strategies are plans that are put in place by either government or the business owners to ensure that their businesses are being driven towards growth and enhanced profitability. The strategies put in place are usually well researched and organized in steps and stages that can easily be followed to ensure the development of the small firm and their continued existence. This paper will be looking at a small business firm, analyze its intellectual capital resources and come up with recommendations and proposals that will help to boost the total growth and profitability of that particular business firm. The paper will look at into the strategic intents of the business firm, document and designate the intellectual capital resources required by the business venture in order to grow. The competitive advantage position of the venture will be analyzed according to the resource based theory and give recommendations that will improve the chances of the successfulness of the identified small business firm

Large companies have larger capital investment and higher financial resources; they can source for capital through sales of shares and corporate bond while SMEs have smaller financial

In Williams paper “Resources and Failures of SMEs: Another Look,” he studied the possible reasons for failure by analyzing failed companies. This was a unique approach to that of previous research that looked at failure from successful firm’s point of view, where he hypothesized several possible areas of concern (networks, location, age and size). He determined that spending too much time on developing and maintaining networks (formal and informal) led to a negative return on investment (ROI). As well, firm size, measured by export sales, growth, profitability and internationalization, concluded that large firms are less likely to exit the market. They have the ability to achieve economies of scale (competitive advantage) because they have the ability to absorb fixed costs. Although, there is research to support the fact that

- Strategic thinking, goal setting, and planning, are all part of defining the characteristics of an entrepreneur under this theory

Smaller companies tend to do better. Managers in smaller companies know the costs and therefore can take better and faster decisions.

The name of project is the “Readiness for Entrepreneurship (RE)”. The RE program helps the targeted people who are unemployed, and are interested in starting a business at the local level (for cities or counties). Once applicants are selected by objective criterion, the admitted applicants are eligible to get education of specific skills for six months or one year. The period of training will be depending on the area of establishment. In addition, the applicants may have financial supports after the education and interviews. Also, there is a strict condition when they start a new business: they should open a business within their administrative boundary (at least within in the neighboring counties).

Umuoma in Ihitte-Uboma Local government area of Imo State, Nigeria is an agrarian community that depends heavily on the processing of palm fruits for survival. The community in the 1960’s contributed immensely as a foreign exchange earner in the export trade of that era in Nigeria. The local industry has faced a lot of challenges over the years arising from high production costs, low productivity and rising competition of emerging markets in countries like Malaysia. The innovativeness of individual family entrepreneurial competencies has sustained this trade and also opened new markets and opportunities since the discovery of crude oil which has dealt a heavy blow on market growth of palm fruits products.