In this paper we examine economical, political and present day entrepreneurs. Outline a politico-economic growth system centered on the entrepreneurs. This examination is presented to discuss the challenges a modern day entrepreneur’s face in the ultra-competitive technology market place. We also point to a modern day entrepreneur who succeeded in a very stereotypical industry. Gender stereotypes are also of immense concern, and presented for reader awareness. The pitfalls associated with a tech startup are presented to show the vast complexity in the modern day. Options are illustrated of what an entrepreneur can do when the locale is not conducive to their business development. We summarize with a positive note if the right strategy is employed, anyone can be successful.
Entrepreneurship is commonly linked with brick and mortar business run by a sole proprietor or someone with a brand new invention. However, entrepreneurship is much more than this, ask any American teenager who grew up in the late 1980’s or early 1990’s and they will tell you rap music was immensely popular and dominated solely by African American artists. Conversely, they all stopped, collaborated, and listed to a new artist on the music scene, who broke the mold and stereotype of the a-typical rap artist. The white rap artist known as Vanilla Ice is defiantly an example of a modern day entrepreneur.
Rob Van Winkle, more commonly known by his stage name Vanilla Ice has appeared in movies,
Entrepreneurs are America’s best resource for economic prosperity and growth (Hall, A.) The creation of new products and services start with an idea to create a new product or an innovative product that already exists. The way a product or service is marketed to the consumers is the life or death of a product. Even the best product can fail if it is not presented in such a way that consumers are drawn to purchase it; which is ultimately the goal of any business that plans to make money off a manufactured goods or service. The Four P’s of marketing a product is the outline in which this can be done and what needs to be taken into consideration before the launch of a product. An effective strategy is essential to the growth of any business.
The belief and implementation of free markets and pro-business policies have allowed the American nation to become the strongest country in the world. The entrepreneur is a special type of business person that is hurt by the livable wage. Our nation’s economy is diverse and adaptable because entrepreneurs are always willing to take risks to make money and stay competitive. Entrepreneurs act as the catalysts for the American economy. They take the capital risks to create new products,
The encouragement and abundance of entrepreneur mentality is vital for any economy to achieve financial stability and capital growth. Entrepreneurship adds jobs to the economy and diversifies business by creating more companies and thus increasing competition. Business competition is necessary for an economy to be successful because it forces fair prices and employee rights. In “The Fastest-Growing Group of Entrepreneurs in America” Amy Haimerl presents the rising numbers of women entrepreneurs in America and the reasons why women are leaving corporate America.
more child care centers, dry cleaners, fast-food restaurants, and other services to assist people more than ever before.
This question is posed to open a more balanced knowledge on the apparent differences in culture and socio-economic environment of countries, seeing that different business models are only applicable to certain environments. Furthermore, this would help explain the gender dimensions of the business environment and the broad constraints revolving around entrepreneurship that affect women more than men. An example can be seen between developed countries like the
When you examine people in the world of Hip Hop, you can find many people who have persevered to make a name for themselves in the Music Industry. The articles show how this young male use the knowledge he acquired from the streets to significantly improve his world. He has proven that you can have a love of music and business make money doing both. However despite his unwillingness to conform to the demands of music executive’s, has helped to launch a new breed of Entrepreneur's. With over Thirty years in the Music Industry; awarded 21 Grammy’s, and a host of successful business ventures. In other words, it’s easy to see how he has reached “Forbes Top Five Most Influential Businessmen of 2014. (Forbes, 2014)
Civic entrepreneurs are helping communities cooperate to compete in the information age coming from all experiences of life and a new gener¬ation of leaders who forge new, powerfully productive connections at the center of business, government, education, and community. These entrepreneurs have much to teach us about building vital and strong economic communities in raging times and in the process, restoring civil so¬ciety from the very roots. They help communities to collaborate, organize and develop their economic assets and to build productive, tough relationships across the public, private, and civil divisions that misrepresent the ties that bind economy and community for their shared benefits. The provision of the continuity of work on tough issues and continue working overtime is a trait of a civic entrepreneur.
The thought and problem solving process identified by Saras Saravathy is not the process advocated for technology start-ups. Therefore, a case can be made that a major contributor to the poor record of ecosystems to foster real economic growth is rooted in the fact that the vast majority of the ecosystems have a one-size-fits all mentoring model. They fail to recognize that there are different founder reasoning skills required for different types of businesses. Rather than nurturing all burgeoning businesses, most ecosystems only focus on technology start-ups. These systems smother all start-ups with non-differentiated business advice designed for technology start-ups. Instead, they should tailor the advice to the start-ups that are still generating their business and economic models.
There are many influential entrepreneurs that helped shape the world of today. I say, one that stands out is Henry Ford. He was one of the few men to make mainstream automobiles a reality. The automobile industry has surely come a long way since it once started. Nowadays, seems like people cannot travel without transportation. Thanks to the innovation of automobiles and Henry Ford, we have advanced in the world. When we look outside, we see the many types of cars driven, and one car company that started it all, Ford. Of course being named after one of the most famous and significant inventors in the automobile industry.
Be my own boss and own my own business is the career I am seeking and I am starting off with getting a degree in Business Administration. Business administration programs teach students foundational knowledge of business and will give me the jump start I need to be a successful entrepreneur. (AACSB Accreditation Student Resources, February 22, 2012 par2). My interest in the world is to help others and to show everyone what excellent customer service is all about. Excellent customer service is very important in a successful business and everyone deserves it, regardless if there angry or upset or the worst customer you ever had. If you can change a person’s attitude by helping them anyway you can that’s what customer service is all about.
With the increasing presence of globalisation and rapid emergence of new markets, entrepreneurship is becoming more prevalent. According to the Global Entrepreneurship Monitor (GEM), there is usually high Total Entrepreneurial Activity (TEA) in countries like Australia, Canada and United States, whereas there is low TEA in Norway and United Kingdom . Generally, entrepreneurship can be defined as “a purposeful activity to initiate, maintain and develop a profit-orientated business” . However, for one to succeed as an entrepreneur, they must go beyond the ‘norm’ and differentiate themselves from other competing entrepreneurs; this may be achieved by embracing both social and ethnic diversity. Social diversity refers to the different factors that set individuals apart in a society like gender, age or religion, whereas ethnic diversity looks at different ethnic groups and cultures . This report will first look at how ethnic diversity contributes to the development of an entrepreneur, and the limitations to this using Hofstede’s framework. It will also look at social diversity and entrepreneurship, particularly focusing on gender. Finally, the report will conclude whether social and ethnic diversity may be beneficial to entrepreneurship and development in general overall.
Today we face an unprecedented raise in the entrepreneurial activity around the world. Such trend has not been seen since the times before the industrial revolution. Millions of people coming from widely diverse backgrounds, at different ages start new business ventures. Experienced professionals, students, academic researchers, famous business tycoons and average corporate employees, worldwide, peruse new business opportunities and introduce new products and services to the global and local markets. However, statistics show that 63% of the technology startups, which are in the main focus of this essay, do not continue operating after the fourth year of their establishment (StatisticBrain, 2014). Such failures do not only cause significant damages to the founders, investors and people employed by these companies, but also bring negatives to the entire society and business environment as the time, dedication and competences of these people are inevitably wasted (Ries, 2011).
Entrepreneuring individuals and groups often solve technological and other problems because they are internally motivated to change their worlds. The emancipatory perspective suggests that understanding the
2015 What a year to be a business owner, or a politician during this season of unbelievable changes across America. Equally, to be a consumer of the latest technological innovations and systems is something special. Whatever one’s position, political affiliation, background or interest, 2015 has shown that these respective spheres are interconnected and helped shape one of the most transformative years in the history of this Country.
The effect of startup businesses on economic wealth is a hot topic nowadays. Not everyone agrees with the current policies concerning entrepreneurship and its effect on innovation, job creation and economic growth. Shane is one of those people who clearly disagrees with current incentives given by the government (Shane, 2009). According to him, policy makers should no longer motivate typical start-ups by providing incentives to start a business like loans, subsidies and tax benefits. This namely attracts marginal entrepreneurs that have a relatively high chance of failure. Instead, policy makers should focus on the extraordinary entrepreneurs and help them by subsidizing R&D projects at small companies. According to Shane, those funds are much more likely to contribute to economic growth and to create jobs. In this paper, I want to address this topic and investigate whether this really is the case. The research question that will be answered is: