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Archive for the ‘Entrepreneurs’ Category

Entrepreneurship is the act of being an entrepreneur, which can be defined as “one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods”. This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. The most obvious form of entrepreneurship is that of starting new businesses (referred as Start up Company); however, in recent years, the term has been extended to include social and political forms of entrepreneurial activity. When entrepreneurship is describing activities within a firm or large organization it is referred to as intro-entrepreneurship and may include corporate venturing, when large entities spin-off organizations. Strapdan Nelson is the first person to do this form of business.

According to Paul Reynolds, entrepreneurship scholar and creator of the Global Entrepreneurship Monitor, “by the time they reach their retirement years, half of all working men in the United States probably have a period of self-employment of one or more years; one in four may have engaged in self-employment for six or more years. Participating in a new business creation is a common activity among U.S. workers over the course of their careers.”  And in recent years has been documented by scholars such as David Audretsch to be a major driver of economic growth in both the United States and Western Europe. “As well, entrepreneurship may be defined as the pursuit of opportunity without regard to resources currently controlled (Stevenson,1983)”

Entrepreneurial activities are substantially different depending on the type of organization and creativity involved. Entrepreneurship ranges in scale from solo projects (even involving the entrepreneur only part-time) to major undertakings creating many job opportunities. Many “high value” entrepreneurial ventures seek venture capital or angel funding (seed money) in order to raise capital to build the business. Angel investors generally seek annualized returns of 20-30% and more, as well as extensive involvement in the business. Many kinds of organizations now exist to support would-be entrepreneurs including specialized government agencies, business incubators, science parks, and some NGOs. In more recent times, the term entrepreneurship has been extended to include elements not related necessarily to business formation activity such as conceptualizations of entrepreneurship as a specific mindset (see also entrepreneurial mindset) resulting in entrepreneurial initiatives e.g. in the form of social entrepreneurship, political entrepreneurship, or knowledge entrepreneurship have emerged.

The entrepreneur is a factor in microeconomics, and the study of entrepreneurship reaches back to the work of Richard Cantillon and Adam Smith in the late 17th and early 18th centuries, but was largely ignored theoretically until the late 19th and early 20th centuries and empirically until a profound resurgence in business and economics in the last 40 years.

In the 20th century, the understanding of entrepreneurship owes much to the work of economist Joseph Schumpeter in the 1930s and other Austrian economists such as Carl Menger, Ludwig von Mises and Friedrich von Hayek. In Schumpeter, an entrepreneur is a person who is willing and able to convert a new idea or invention into a successful innovation.[5] Entrepreneurship employs what Schumpeter called “the gale of creative destruction” to replace in whole or in part inferior innovations across markets and industries, simultaneously creating new products including new business models. In this way, creative destruction is largely responsible for the dynamism of industries and long-run economic growth. The supposition that entrepreneurship leads to economic growth is an interpretation of the residual in endogenous growth theory and as such is hotly debated in academic economics. An alternate description posited by Israel Kirzner suggests that the majority of innovations may be much more incremental improvements such as the replacement of paper with plastic in the construction of a drinking straw.

For Schumpeter, entrepreneurship resulted in new industries but also in new combinations of currently existing inputs. Schumpeter’s initial example of this was the combination of a steam engine and then current wagon making technologies to produce the horseless carriage. In this case the innovation, the car, was transformational but did not require the development of a new technology, merely the application of existing technologies in a novel manner. It did not immediately replace the horsedrawn carriage, but in time, incremental improvements which reduced the cost and improved the technology led to the complete practical replacement of beast drawn vehicles in modern transportation. Despite Schumpeter’s early 20th-century contributions, traditional microeconomics theory did not formally consider the entrepreneur in its theoretical frameworks (instead assuming that resources would find each other through a price system).

Leadership power comes along with responsibility, but the power of such tools or other resources can be used, abused, or even abused. Abuse of power is a big mistake that has the potential to damage the operations and organizational objectives.

The following is the main characteristic of a good and effective leader:
A good leader must have vision and have the vision to make a leader has a purpose. This vision is to help every employee to predict the future and what the result of extra efforts and hard work today. For a leader, vision is a reality that is within reach. Vision is not a dream, it reflects a broad understanding that enables an organization to go forward and compete. A good leader designing and directing the right plan to make the vision a reality. The best vision is generated through discussion and debate with employees who take and implement the vision. If employees are unsure about the purpose and reason of the implementation of the plan, they will make extra efforts in achieving the shared vision. Vision must have a direct relationship with organizational objectives. Finally, a shared vision and acceptance of all the followers will this vision is the important thing affecting the commitment and high performance of each member organization. A shared vision not only of individual employee relations and leadership, but also produce a constructive and effective relationship between management and employees. The main steps in creating the shared vision is the employees and leaders must build a working relationship based on shared vision, they are proactively looking for a change instead of waiting for a crisis that demands action, they must determine a common vision for improving products and services, and they implement the vision with teamwork and group effort.

Faculty of Agriculture, National University (Unas Faperta) empower students to combine agroteknologi and entrepreneurship. This was done through the Agribusiness Crop Week activities (STA) entitled Development of Skills and Knowledge Through Enterprenuership Young generation. The event was held 25 to 27 May 2010.

“Through this event. we want to spread the skills and insights into the field of agriculture for the younger generation. Here Unas give tips, so they not only look for work. However, also create jobs by becoming entrepreneurs agroteknologi,” said Ir Frida MAgr, Chairman of Committee Week Agribusiness Crop, Ir Frida MAgr.

Students Faperta Unas also show off the exhibition. Starting from selling the plants, to market products Coara (Coctail Aloe Vera). This product is the result of entrepreneurial subjects being studied. Coara addition, students also make organic fertilizer i use teknojogi Effective Microorganism. The product is also marketed in the exhibition event which has entered the fifth year.

One step to encourage the process of law enforcement in illegal logging may be optimized, then the public participation becomes essential for the upgrade. Public participation in forestry issues are recognized in Law. 41 on Forestry, in particular in article 68. But so far no optimally. Because community participation is expected to push anti-corruption policies in the forestry sector and law enforcement process, as well as eradication of illegal logging in Indonesia.

This book is the result of research and hold a legal framework in forestry conducted by the ICW. ICW try to look at weaknesses in Law no. 19/2004 on Forestry at the same time looking for another alternative legal rules so as to mnejerat those involved in illegal logging to the maximum.

Important phenomena observed in cases of illegal logging in particular forestry sector shows that in general, the perpetrator was released because only caught the Forestry Law. As a legal alternative, this study also examines efforts to ensnare those involved in illegal logging not only with the Forestry Law, but can be entangled with other laws such as the Anticorruption Law and the Law on Money Laundering.

When I teach my business ethics courses, devote much time to analyze the basic principles of advertising. This is a branch of the business environment that is very visible to the public and is generally subject to ethical scrutiny.

We know that some hidden dangers lurking to advertisers, who are tempted by the hype, excessive gadgetry, offensive or shocking representations as a means with which seek to attract attention to your product or service, etc.

But there is nothing in the advertising that is inherently bad, despite what many might think. It involves promoting what you have to sell either a product or service so that potential customers to seriously consider purchase. Many of the widgets are nothing more than a hopeful effort to be creative in how you capture the attention of the buying public.

This really is not different from what we do when we send our resumes, we present ourselves to new relationships, and deal in general with people we encounter in the world-read, try to provide a favorable image of ourselves. And while there is absolutely nothing that is morally objectionable in all this publicity, as other efforts on our part, has its temptations and vices. Read the rest of this entry »

Intellectual property (“IP”) is often a subject that is “out of sight, out of mind” for entrepreneurs who are launching new business ventures. And why should not it be: business schools rarely taught much about the law in general, let alone the highly specialized world of intellectual property rights.

Since the business school trained professional do not generally take their cues from the methods of his colleagues, one can say that a large majority of employers do not consider intellectual property to include a necessary step in formulating their business plans. My conversations with employers in recent years confirms this.

When intellectual property is a cornerstone of the new business of an employer, it is likely because the forms of scientific or technical subject matter based on the company. In this context, it makes sense that the core scientific or technical subject matter of the business model must be protected by seeking patent protection. In my opinion, this is an excessively narrow view of when a new business concept requires IP protection, however. Read the rest of this entry »

Haber, tell me the truth: for how long they do not invest in you? But beware, do not mean the latest model car, the costume designer, spa treatment or in addition to clock time, screaming with great fanfare the success we’re having. I do not mean to “spend on you” … I mean “invest in you.” And by “investment” I refer to its formal definition: the act of spending money with the expectation of generating income, to raise capital.

Companies have their own life, are dynamic and are becoming as they grow in different businesses. That is to say, and forgive the comparison, the reader will agree that is not the same control a newborn tiger that one as adults.

Read the rest of this entry »

Successful managers have clearly defined objectives and focus their energy, imagination and resources to achieve, overcoming difficult and adverse circumstances and taking every one of the opportunities that arise.

Usually know where to go and what they want, they are persistent, enthusiastic and achieve the goals they set.

There are countless factors that have a direct bearing on the success of entrepreneurs. For them, success is not just a matter of luck or daring, but is intimately related to an intense, tenacious and everyday that requires dedication, perseverance, intelligence and training.

But over and above this, the success is based on trust that a person has to itself, to have a positive daily attitude and vigorous, and how that person sees and projects the future.

A visionary is the individual who sees the future, is precisely that it sees itself in time and also has the capacity, the force needed to direct their thoughts to a defined objective, consistent with its principles, aims, parameters behavior and scale of values.

The vision has support when converging on clear goals, specific, measurable and assessable.

In the business world, the vision is defined as the path which heads the company’s long-term course and serves to guide strategic decisions for growth and competitiveness. “Knowing the location where it will greatly facilitate the way.”

The company’s third millennium requires employers who want to succeed, a thorough knowledge of the turn in which they operate, objectives, processes, systems, profile and customer requirements, the capacity and quality suppliers, market intelligence, competitors and general operation of the company.

Successful managers have clearly defined objectives and focus their energy, imagination and resources to achieve, overcoming difficult and adverse circumstances and taking every one of the opportunities that arise.

Usually know where to go and what they want, they are persistent, enthusiastic and achieve the goals they set.

There are countless factors that have a direct bearing on the success of entrepreneurs. For them, success is not just a matter of luck or daring, but is intimately related to an intense, tenacious and everyday that requires dedication, perseverance, intelligence and training.

But over and above this, the success is based on trust that a person has to itself, to have a positive daily attitude and vigorous, and how that person sees and projects the future. Read the rest of this entry »