Questions and Answers on Resource Requirements Essay

b.) Opportunity – Opportunities pose as problems in disguise. Entrepreneurs are problem solvers; this skill is what gives them hindsight to

The roles of for-profit and nonprofit businesses in the economy are both organizations that rely on the factors of production which are the four fundamental resources. One of them is natural resources such as land, fresh water, wind and mineral deposits. The value of all natural resources tends to rise with high demand, low supply, or both. Another one is capital which includes machines, tools, buildings, information, and technology. Capital does not include money, although businesses use to money acquire, maintain, and upgrade their capital. In additional human resources consist of physical, intellectual, and creative contributions of everyone who works within an economy. Education and motivation have become progressively important to human resources. The last fundamental resources are entrepreneurship and they are people who take risk of

Entrepreneurs are the people who are not afraid of taking chances though knowing that the chances might be bad, but nonetheless they are always positive and hope for the best. The risks they take are well calculated so that when it succeed, it brings good results.

Mankind has thrived off of the dependability of ideas and the application of them for centuries. Moreover, humans have sustained healthy lives through developments and inventions that have improved the world around them. From the earliest Mesopotamian creation of the wheel to Apple’s recent release of the iPhone 7, groundbreaking revelations have perpetuated and molded human survival in some aspect. Anyone can generate an idea, but rather, it is the ability to transform that idea into a development that is valued by many--which is what makes being an entrepreneur remarkable. Entrepreneurs are some of the keenest, most creative, and passionate people that walk the earth.

Entrepreneurs support economic activity and growth entrepreneurial process requires capabilities, such as skills, decision-making and business acumen technology entrepreneurs: the danger is having exclusive focus on the product or service without due consideration to whether it addresses a real market problem with customers who would be willing to pay for it.

With nearly 80 percent of all new business startups failing, entrepreneurship has proven itself to be a great risk in this economy. The book A Raisin in the Sun points out essential flaws and weaknesses in many venture capitalists’ thinking. A Raisin in the Sun exhibits a man named Walter

In Initial Human and Financial Capital as Predictors of New Venture Performance, Cooper et al (1994), reviewed a sample of 2994 entrepreneurs across various sectors, high-tech and non-high-tech, to determine whether an entrepreneur’s upbringing, experiences and education had a statistically significant relationship with the probability of success.

He suggested that sustained competitive advantage derives from the resources and capabilities a firm controls that are valuable, rare, imperfectly imitable, and not substitutable. He further added that the resources and capabilities can be viewed in form of tangible and intangible assets. There are four different categories of resources financial, physical, human, and organization.

Successmaker is an online research-based Response-To-Intervention. This paper is a critique of a 2012-13 study done by Gatti Evaluations Inc. The sample study covers eighteen schools from the Midwest and west coast. The schools implemented Successmaker for third and fifth grade interventions. The results showed that Successmaker improved reading and math deficiency areas.

secretary of education states that “high-quality education" that encourages "creativity, imagination, and ingenuity’”. It is true that thirty percentage of startup business failure reasons of “unbalanced Experience or Lack of Managerial Experience”, followed by “lack of Experiences in line of goods or services” is about eleven percentage. Interestingly, company competence occupied the highest rate of failure of 46% (Statistic Verification, Entrepreneur Weekly, Small Business Development Center, Bradley University, university of Tennessee Research). In addition, successful entrepreneur usually possess “highly motivated and willingness to take initiative to execute duties” and have appropriately responsible to their activities, decision, and company’s outcomes.

Explain and critically analyze unique traits of an Entrepreneur, discuss these related to personal strengths and weaknesses

These two streams of research - market orientation and the RBV of the firm - form

There has been extensive research conducted on the characteristics that successful entrepreneurs possess. These attributes vary widely across literature, however there are common key traits that are required to achieve any form of success. Frederick et al (2013) suggest entrepreneurs are risk takers, optimistic, have sound judgement and an ability to manage. While a review of literature relating to the psychology of an entrepreneur reveals a large variety of characteristics in a successful entrepreneur, these can be consolidated to a a few into only a few traits that are essential for a successful entrepreneur. Whilst taking into

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