Entrepreneurship Case

                     Entrepreneurship

Introduction

  Economists and business people differ in their definitions of entrepreneurship. Most, agree that entrepreneurship is vital for stimulating economic growth and employment opportunities in all societies. This is particularly true in the developing world, where successful small businesses are the primary engines of job creation and poverty reduction.

  Since 1730 s, after the Cantilon entrepreneur concept put forward in 200 years, the Zaire to Marshall, the entrepreneur theory in the early development of three stages.Schumpeter on professional entrepreneur category and function defined for the entrepreneur theory into modern enterprise theory laid a theoretical premise.The latest development of modern enterprise theory, especially the contract theory, incentive theory, the advance in almost all entrepreneurs theory as a starting point, the entrepreneur incentive constraints and the nature and type of enterprises, corporate governance structure, enterprise capital structure of the modern enterprise theory, examined the basic question is closely related to modern entrepreneur theory has become an important part of modern enterprise theory.

  The word entrepreneur, from the moment of the 16th century, it is endowed with the identity of the adventurers.And after that to the present several centuries, the entrepreneur has given the operators, the capitalists, managers, such as an innovator.These identity gives, reflects the era change, productivity development, in the long history of institutional change, people to the problem of entrepreneur's thinking.However, in this journey, we can see that as the pioneer of the socialization of production and executives, entrepreneurs that go all the way is not smooth, the development of the theory of entrepreneurs is not plain sailing.Entrepreneurs from the birth of the term, to the establishment of the position of entrepreneurs in the economic practice;Occasional mention of entrepreneurs, from economic theory to system theory, the formation of the entrepreneur, the entrepreneur and entrepreneur theory has experienced several centuries of wind and rain.

Body

What Is Entrepreneurship?

  The concept of entrepreneurship was first established in the 1700s, and the meaning has evolved ever since. Many simply equate it with starting one's own business. Most economists believe it is more than that.

  Some economists and entrepreneurs are the one who is willing to bear the risk of new company if there is a significant opportunity to profit.Others emphasize the role of entrepreneurs as an innovator he market innovation.Some economists say, entrepreneurs to develop new products or processes, market demand and it is not provided.

  In the 20th century, economist Joseph Schumpeter, Joseph Schumpeter (1883-1950) focus on entrepreneur's innovation and improvement created the turbulence and change. Schumpeter entrepreneurship is regarded as "creative destruction".Entrepreneur's strength to carry on the "new combination", thereby helping to render obsolete traditional industry.Business model is to create a new and better ways of doing.

  Business expert Peter drucker (1909-2005) took the idea further, described the entrepreneur as an actual search changes, the response, use change as an opportunity to quickly see the change of the communication - from typewriter to a personal computer, the Internet - illustrates these ideas.

  Today, most economists think the undertaking is a necessary factor to stimulate economic growth and employment opportunities.In developing countries, the success of small businesses is the main engine to create jobs, income growth and poverty reduction.Therefore, the government's support for entrepreneurship is an important economic development strategy.

  As business and industry advisory committee in 2003, the organization for economic cooperation and development (oecd) said, "the policy to promote entrepreneurship jobs and economic growth is very important."Government officials can provide incentives for entrepreneurs risk to try new adventures.Including law enforcement of property rights and encouraging competition market system.

  Community culture also affects how much business.Different levels of entrepreneurship may come from cultural differences, make the business more or less personal rewards.A community, the agreement of the highest position at the top of the hierarchical organization or those professional knowledge may hinder the business.A kind of culture or policy agreement high status "self-made" individuals are more likely to encourage entrepreneurship.

What Makes Someone an Entrepreneur?

  A successful entrepreneur in various age, income, gender and race. They differ in Education and experience. Objective to study shows that the most successful entrepreneurs share some personal attributes, including: creativity, dedication, determination, elastic, leadership, enthusiasm, confidence, and "smarts."

  The of the development of spark creativity to make new products and services to gold, gold method. It is to promote innovation and improvement, continuous learning and thinking, suspect outside of the formula.

  Some people are actually repulsed by the idea of working for others. They opposed the reward systems are often based on seniority rather than achievement, gold, they have to conforms to the enterprise culture.

  Other people decide to become they are disillusioned by the entrepreneur because involved in getting ahead Politics in an established of the bureaucracy of gold business or occupation. Of trying to tired promote products, services, of Doing Business that is gold way outside the operations of a major companies.

  Dedication is what motivates entrepreneurs working hard, 12 hours or more a day, seven days a week, even especially in the beginning, trying to leave the ground.Plans and ideas must be joined to work hard to succeed.Dedication to make it happen.

  Determination is a very strong desire to achieve success.It includes the persistence and ability to rebound after tough times.It persuade entrepreneurs 10 telephone, 9 for the real entrepreneurs, also have no result.Money is not the motivation.Motivated to succeed;Cash incentives.

  Flexibility is the ability to act quickly in response to changing market demand.It is the real dream, at the same time considering market realities.Is a story about an entrepreneur to sell French pastries an expensive shop.But the customer wants to buy muffin.Instead of risking losing those customers, entrepreneurs to modify her vision, to adapt to these requirements.

  Leadership is the ability to create rules and set goals.Ability to stick to it, to follow the rules and goals.

  Passion is what entrepreneurs to start and keep them.It to the entrepreneur's ability to convince others to believe their eyesight.It can't replace plan, but it will help them to concentrate on, to let others see their plans.