The Four Models Of Entrepreneurship

“At EY, we are committed to building a better working world – one with increased trust and confidence in business, sustainable growth, development of talent in all its forms, and greater collaboration” . This mindset has made EY the world leader in providing services in assurance, tax, transaction and advisory.

I have always been fascinated by the concept of the “American Dream”. Even if, nowadays, this concept is more and more criticize because some people believe that the structure of American society doesn’t follow anymore the idealistic goal of the “American Dream”, providing example such as inequality in class or race which suggest that the “American Dream” is not attainable for all. But to me the term “American Dream” stays unchanged: all people can succeed through hard work, and all people have the potential to live happy and successful lives. And in my mind, the entrepreneurship is one of the most famous way to achieve this “American Dream”. Steven BUYERS who is the founder and owner of EnergyLogic –a fast-growing company in Northern

- One who creates a new business in the face of risk and uncertainty for

Maki of Japan is a restaurant in Opry Mills Mall. In 2015, the business was not going so good. The food was not selling as it had to and this was not good for the company nor the employees. The owner, however was creative. This was his personal characteristic. As the entrepreneur himself, he slowly changed the menu around. He changed prices, plates, and added more food. He replaced things that didn’t sell to new ones. Example be that he stopped selling cheese wantons to sell plantains that the customers seemed to like more. Gradually, the business started doing great again and this was a good sign. As the entrepreneur, he took control and found a way to fix the situation by his trait.

This school sees strategy formation as a visionary process and is fell under the descriptive school of strategic management. The chief architect of the strategy is the CEO of a company. This school took formal leadership seriously and CEO is responsible for strategy formulation. It stressed on mental state and processes such as instinctive knowledge, belief, wisdom, experience and insight of a single leader. The leader should be visionary in formulating strategy. The entrepreneurial school promotes strategy as a process which has a clear image and sense of direction which can be termed as a vision. Entrepreneurial strategy often occurs in startup companies and organizations in trouble and needing a

transformed the division 's ability to create "16 productized solutions" and to engage new and old

Defining the very essence of entrepreneurship is part of a longstanding theoretical debate (Henry, Hill & Leitch, 2005, p. 99). Definitions are particularly important in the field because many of the terms associated with the discipline, such as entrepreneurship, entrepreneur and enterprise, are often used interchangeably. For the purpose of this review, the definition of entrepreneurship is synonymous with Gibb (2007), who describes entrepreneurship as “sets of behaviours, attributes and skills that allow individuals and groups to create change and innovation, cope with and even enjoy higher levels of uncertainty and complexity” (Gibb, 2007, p. 1). Meanwhile, the term ‘entrepreneur’

In order to be a successful entrepreneur an individual needs characteristics such as: self-confident, risk-taker, innovative,

* Cole - found there are four types of entrepreneur: the innovator, the calculating inventor, the over-optimistic promoter, and the organization builder. These types are not related to the personality but to the type of opportunity the entrepreneur faces.

As it stands, entrepreneurship as a whole in Canada is quite strong, however, there is always room for improvement. This report has been compiled with the intention to evaluate the current state of entrepreneurship in Canada, finding where our strengths and weaknesses lie. After which, an assessment of the areas for improvement will be made, along with recommendations as to what the Canadian government can do about improving the entrepreneurial landscape.

Entrepreneurs are innovative pioneers who venture opportunities and create new market at home and aboard (Frederick, O 'Connor, & Kuratko, 2013).

To be successful, innovating firms need not only to be able to generate ideas and turn them into products via internal R&D, but also to absorb ideas and knowledge from their external environment and to connect the products they generate with the needs of

Established on a revision conducted by "Kaufman" Foundation in 2010, women are businesses established in the greatest repeatedly for the same motives that drive men to do so, i.e. to achieve prosperity and benefit from their philosophies, and independence of any to be human head itself, and in poor countries establish most women companies because of the economic necessity.

Q1: List three personality traits, which are crucial for successful entrepreneur. Discuss them and provide argumentation for your thinking.

The main motive of an entrepreneur is to start a venture by setting up an enterprise.