Joseph Schumpeter

1. It appears that GM showed traits of being both prospectors and reactors. Prospectors are known for creating their own opportunities and being bold and going after an opportunity, not sitting back and waiting for something to happen. After taking the bailout from the federal government, GM set out to make an unprecedented profit of $10 billion dollars. Prospectors often put fear into the hearts of their competitors and that is what GM is trying to do by going after the “ best in class” peers

What you need to do instead to increase your chances of raising money So, if writing a business plan won’t increase your chances of attracting money, what will? How do you increase your chances of generating investor interest and launch a startup successfully? You could find part of the answer from the answer Sam Altman, the president at Y Combinator, gave at a EconTalk podcast when explaining the firm’s logic of not reading business plans. “We would rather spend the time working on their product

Today we will look at an important entrepreneur which I would consider a legend. First we will define what an entrepreneur is. We will look at who I choose as the person to research and why. We will also see what economic decision she made that was significant to her success with a detailed example. There are several areas to look into also, such as examples of her managerial economics, her social responsibility and her ethics. An entrepreneur is someone who starts a business by organizing

MacroHub BASICS What is MacroHub? MacroHub provides investment banking services for growing young companies and startups, helping them raise capital. There are incredible investment opportunities developing all over the United States, and MacroHub is dedicated to finding them and funding them. Investors throughout the world, whether high-level or small, should have a voice in choosing the future, and they should be given the capability to support the entrepreneurs who will build that future. Before

An Entrepreneur decides his future, time, happiness, duties and a whole lot of others. An Entrepreneur will use his imagination and come up with a way to implement his ideas even when others say it doesn't matter, planning, design, deployment and measurement are all subsequent to research. And, in the beginning of everything is the creation of the core product in its raw form a marketing skill. Most people don't understand that without marketing you do not have a product, or a service or a solution

What Does It Take To Be A Real Entrepreneur? Some people would refer entrepreneurs as a new breed of people. Others may just be daydreaming of the fame and fortune that these entrepreneurs are enjoying. However, those who are truly in the business, though they admit having more benefits than an ordinary individual, must also face a lot of struggles down the road. In short, although others may see successful entrepreneurs to be mostly all over the place where their money could bring them, it took

Entrepreneurs don't have it easy. Most of them are turned down multiple times, give up after receiving rejection so many times or just don't have enough self belief. However, A successful Entrepreneur focuses on improving his skills, focuses on one thing at a time, aren't intimidated by people smarter than them but they hire those people and vision the future. Bill Gates, a successful entrepreneur, actually the most successful entrepreneur on earth, has had all of those qualities since he was very

Discovery is well known for its innovativeness and the market waits in anticipation annually for the launch of these innovative products. The company has at its helm, an entrepreneur who instils an ethos of innovation and entrepreneurship throughout Discovery. The purpose of this report is to conduct a research-based entrepreneurial audit survey and analysis of Discovery and to examine whether the CEO, Adrian Gore, has successfully entrenched entrepreneurship in the company and to determine where

Luminar: Leveraging Big Data Using Corporate Entrepreneurship Background: US Broadcasting Industry: The US media industry was the second largest market around world at $255.1 billion and was forecast to grow at a compound annual growth rate of 2.3 percent till 2017. Within the media industry, broadcasting and TV was the largest category with a market of $142.6 billion. The industry players were competing mainly with one another for viewership to drive advertising revenue which was the primary

Many people have a complete misconception of what, exactly, makes someone an entrepreneur. Pop culture has bombarded us with the image of the money hungry businessman out to make a profit at whatever cost to his personal life and relationships, not all too far from Jesse Eisenberg’s portrayal of Facebook founder Mark Zuckerburg in 2010’s Social Network. However, having spent the last semester in my first entrepreneurial studies, it is clear that the real entrepreneurs of our society have qualities