Why Do Entreprenuers Need Public Relations?

Here the entrepreneur is involved in every aspect of the business, ranging from staff communications, customer relationships and up to the supplier and always sees that all the interactions with all stakeholders’ yields good positive results which will make his business a success. The entrepreneur oversees all the points of contacts so that all results in maintaining the warm relationship with those that bring business to the enterprise.

Slowly he became market leader for that product. Entrepreneurship has been defined by several researchers as the progression of making a product or service valuable by gathering a distinctive set of resources and opportunities. This procedure comprises the set of accomplishments to recognise opportunities, business classification, evaluation and obtaining the essential resources, management and getting positive results. Furthermore, entrepreneurship has been seen as an organizational coordination that underlines the three extents: innovation, taking calculated risks and proactive orientation. There are many indications to provision the idea that the businesses which were engaged in entrepreneurial practices have been most effective and successful (Hills, Hultman & Miles, 2008).

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 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.

A) A real entrepreneur can take an idea and that can be change in to a service or product according to the needs of certain population. Because of this characteristic economists said that “entrepreneurship is becoming an important agent in the growth and wellbeing of the society”.an entrepreneur is motivated by family or society. They offer new completion and also promotes improved productivity. They can recognize and resolves social problems on a large scale. To create social value entrepreneurs act as a change agent for the society like designing and distributing new approaches. Entrepreneur react very quickly and effectively to the change so that they can take the advantage of opportunities. If they can’t capable of quick action it will be result on their process and success. Social entrepreneurs are stepping to solve the problems.

Nike has revolutionized the way sportswear is sold and worn in today’s economy. They have found a way to sell gear that is made for athletics but is used in the everyday life of many generations. Nike has changed the social culture of many people. This is done through various methods of endorsements. Nike has perfected the art of advertising by finding the right formula of different ad styles.

A well known example of this is, Michael Jordan. Michael Jordan turned a brand of sneakers he was wearing during a game huge. When famous people wear shoes they can make them popular because people strive to be or look like them. So therefore the celebrities are trend setting the shoes. In the text “Calling all Sneakerheads” it states, ”.....a pair worn by basketball legend Michael Jordan during Game 5 of 1997 NBA Finals sold at an auction for more than $104,000.” Celebrities make shoes sky rocket because, the people try to follow their favorite famous people. This is how famous people promote

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)

As previously mentioned, this study included a preliminary questionnaire and semi-structured interviews. All participants read and signed informed consent forms, then interview times were scheduled. All interviews last approximately one hour. Participants were asked to reflect as well as be descriptive about the process of becoming a successful entrepreneur. Participants were asked to consider the resources, benefits, and networks through social cohesion that made certain economic achievements available. Within forty-eight hours of the interview, data was transcribed and coded from the voice recorder. The interview method was a semi-structured face-to-face interview environment using open-ended questions.

Marketing as well as strategic planning is a key source of a profitable and successful business. Most companies and products fail due to a lack of knowledge of how to properly run a business effectively. Companies are so focused on designing and manufacturing new products that they postpone until too late in the game (Why Most Products Launches Fail pg. 2). The ideas are great, however, the thought process of how to succeed long term and adhering to the goals set are in most cases are not obtainable goals. A balanced approach in succeeding in an effective business is to have other entrepreneurs with similar perspectives in business ventures to share a valuable input of do’s and don’ts that made their company’s popular.

In the United States, the number of skateboarding parks is less than 500, many of which have just come up in the last 10 years (Skateboard). Tons of companies emerge, causing skateboarding to become more and more acceptable in society. The notion of skateboarders being criminals starts to dwindle. The X-Games continue to become more and more popular with skateboarding at the helm. One of the big factors today that makes skateboarding so huge is the fact that professionals make real money. Winning events can bring in hundreds of thousands of dollars. Kids are realizing that they don’t have to become a doctor or a lawyer to make a money. Skateboarding has also played a big role in fashion, earning its place among the masses. Companies like Diamond Supply Co, Hurley, Vans, and RVCA all make millions off the skateboarding

Entrepreneurs overcome a crucial state in a marketplace. It is the entrepreneurs who stand as the inspiration in the economy 's apparatus, galvanizing and exciting all industry endeavors. Commercial achievement is the consequence of boosting and recompensing the entrepreneurial reflex. The mind of the entrepreneur and what they can accomplish are the critical factors when considering level of achievement, affluence, and evolution in the healthcare industry. Entrepreneurs, like the CEOs of CareCloud and Bright.com seek the breach between the desires and essentials of consumers and what is actually accessible in the market economy (Jain, 2014).

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

Press agentry, public information, two-way asymmetric public relations, and two-way symmetric public relations are four models of public relations theory devised by Grunig and Hunt (1983). In this essay, the author goes on to identify an example each from current public relations business practices that goes on to show the four public relation models in action. Further stress is provided to ensure that the examples have all been taken place within last twelve months in the Australian media and justification of selection is to be done by comparing it with real world examples that are chosen.

In the business world of entrepreneurs in South Africa there are some that are well established and known and some who are still emerging. In my research essay I will be discussing a well-known entrepreneur, an emerging entrepreneur and an entrepreneur from an Asian tiger country. This discussion will include the characteristics of a successful entrepreneur, the risks they face or have faced and the market and macro environment factors that impact on the running of their selected enterprises for each of them; the well-known entrepreneur I have chosen is Anton Rupert, the emerging entrepreneur is Siyabulela Xusa and the Asian tiger entrepreneur is Ricky Wong.