Cultural factors

Entrepreneurship process and principles Chapter: Introduction to Entrepreneurship process and principles Definition of entrepreneur -According to American Heritage Dictionary, “Entrepreneur is a person who organizes, operates and assumes the risk for business venture” -According to Skinner SJ and Ivancevich JM,” An entrepreneur is a person who takes the risks necessary to organize and manage a business and receives the financial profits and monetary rewards” -Entrepreneur is a person who organizes

data was factor analysed and yielded 11 factors but the items falls into 10 factors of leadership: Capacity to support, Physical/mental strength, Interpersonal skills, Emotional strength, Attitude, Cultural value, Openmindness, Reassurance 1, 2 & 3. The result

influenced of individual, cultural, ethnic and historical factors. According to De Cenzo et al., (1996), people who are motivated use a greater effort to perform a job than those who are not motivated. Motivation can be defined as “a series of energizing forces that originate both with and beyond an individual’s self”. These forces determine the person’s behavior and therefore, influence his/her productivity (Jackson, 2005). In other words this means that all thinkable factors of physical or psychological

Social-cultural factors outlines the basic beliefs and values of consumers. It is the forces that influences an individual’s way of thinking, lifestyles and behaviors. Marketers must take into consideration the various characteristics of the consumers it is going to sell or target as this is vital in the development of marketing strategies, therefore, making the product or services appealing to customers. One important development is the changing and growth in racial and ethnicity, affecting the

a creative idea. All entrepreneurs share commonalities in their attributes, abilities and qualities that empower them to beat the chances and pursue their objectives (Frederick, O 'Connor, & Kuratko, 2013). As I would believe, the three potential factors help becoming entrepreneur are: Personal characteristics, National culture, and Education. Entrepreneurship and personal characteristics Entrepreneur has characteristics where individuals like to control their own destiny (Frederick, O 'Connor,

Since 1960 the age-adjusted mortality rates for cardiovascular disease (CVD) has declined steadily in the U.S. due to multiple factors, but still remains one of the primary causes of morbidity and premature mortality worldwide. Greater control of risk factors and improved treatments for cardiovascular disease has significantly contributed to this decline (Centers for Disease Control and Prevention, 2011). In the U.S. alone it claims approximately 830,000 each year and accounts for 1/6 of all deaths

Behavior is hard to change due to having different factors effect. A person, maybe change the behavior because of one factor, and also maybe keep no change even influence all factors. To clarify all factors in detail, there are two components: internal and external influences. Starting of an internal factor which is personal, which a person change behavior only because of own mind without affect by any external factors. Example of age, different age group like baby boomers, generation X and generation

responsible for generating jobs, economic growth and prosperity of the society through innovation activities (Shane and Venkataraman, 2000; Galloway and Brown, 2002). For that, developing individual’s intention towards entrepreneurship and what are the factors that are responsible to divert the mind of people is central problems in the entrepreneurship research (Autio et al 2001; Francis et al. 2004; Kaijun and Sholihah, 2015). The entrepreneurial intention is a commitment to twitch a new business (Krueger

1.0 Introduction This report suggests discussing how a business is impacted by the external operating environment affecting business, in array to bring sustainable buyer value to consumers’ in the market. This sustainable buyer value is delivering in an effort to ensure the security of market share, plus increase the effectiveness and revenue of the existing business. This statement will as well include personal application of models, theory, and analysis of the business- how it is impacted by

PESTEL is an acronym for political, enviromental, socio-cultural, economical and legal external factors. There are several PESTEL forces which could affect our company. Socio-cultural pestel includes distribution of population according different age group, sex, religion,