...I chose the video case study about the company Pillow Pets. This video interested me the most because the effort that she put into coming up with a new idea and rolling with it to become a million-dollar business. The Pillow Pets idea came from her son, he would take his favorite stuffed animal and flatten it to sleep with it like a pillow. So from there the idea of Pillow Pets was formed. Pillow Pets is a product line of cute stuffed animals that unfold into soft snuggly pillows. Entrepreneurship has always been the force behind America’s success. Being an entrepreneur means accepting the risks of starting and running a business. People become entrepreneurs because they feel like they can live the American dream. They also get the chance to do something that they love, and that they are passionate about. The potential reward of profit isn’t always a paycheck, sometimes the reward of profit is making sure that the company will have enough money to run its self. It also gives you the opportunity to be your own boss. Also it is the reality of turning your idea or your dream into a reality. If you want to be an entrepreneur and want your business to grow you have to take, chances. You also have to be self-disciplined, self-directed, action oriented, highly energetic, and tolerant of uncertainty. When we often associate entrepreneurs with small businesses but often entrepreneurs are large companies, such as Walmart, Avon, and amazon. But they all started out as ideas. Being...
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...Randy Haykin The Making of an Entrepreneur – Case Study 1-B. Randy Haykin has a rich history as an entrepreneur, angel investor and venture capitalist, having contributed to the success of notable companies such as Yahoo!, Viacom, Paramount, BBN, IBM and Apple. Haykin is the Co-Founder and President of Interactive Minds (IM), a firm that actively invests in growth-stage industry-transforming technology companies on the high with responsibilities such as giving them a proper business plan and creative strategies to execute. Haykin also managed strategic relations, including the creation of the “New Media Center” program for higher education, a joint venture with ten other manufacturers and publishers. Before he knew it, his five-year sabbatical at Apple (a standard policy for all employees) was approaching. Haykin was increasingly excited by changes taking place in the new media space. He recalled the events which led to his becoming the Director of Operations and Business Interactive Minds provides the three things entrepreneurs are always seeking: strategic or hand s-on assistance, people, and money. It provides strategic support to assess, define and plan a successful business. In addition, we take hands on management roles to help clients address marketing, sales, business development and operations issues. Interactive Minds helps clients assess and define their management requirements and then undertakes systematic searches to find screen and attract leading...
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...Case Study Analysis on an Entrepreneur and their company strategy.h Introduction to Enterprise and Entrepreneurship (ENTE 1521) Rebecca Jade Inglis P14145784 Thursday – 14:00 – 15:00 David Stringer ENTE 1521 ASSIGNMENT 1 Criteria 2014/15 TITLE: Case Study Analysis on an Entrepreneur and their company strategy Student Number:……………………………………………………. Tutor Marking……………………………………………………….. Please note: You will LOSE 5% if you do not include this criteria sheet CRITERIA | ANY COMMENTS | MARK | Executive Summary. 5% | | | Company Profiles 20% | | | Entrepreneurs Profiles, and how did they set up.Evidence of research25% | | | Personality Trait Analysis.Evidence of research30% | | | Management Behaviours 10% | | | 7. Correct format as outlined in module guide; eg correct referencing, free from errors etc………………10% | | | Less Penalties TOTAL MARKS | | Executive Summary This report has looked at Michelle Mone’s timeline of life showing how she has grown in successfulness and wealth from being brought up in a poor and troubled family and being raised with very little to blossoming into a victorious entrepreneur who is now worth millions of pounds. This report has shown how Michelle Mone’s personality links in with the ‘Big Five Personality Traits’ showing supporting examples of the relationship between Michelle and these entrepreneurial traits. The research which I...
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...development. For example, Apple, an established technology company, developed the iPod. Many ideas come from entrepreneurs who go on to start up new businesses. Ideas generate value to the economy by encouraging people to buy or invest in new developments. They also inspire competitors to invent new products in order to regain market share. Intellectual property rights (IPR) can be used to protect the technology, brand name, design and creativity behind the concept. It gives the creator sole ownership of the concept, in a similar way to owning physical property like a house or car. Owners can control the use of their intellectual property to gain financial reward. The UK Intellectual Property Office (UK IPO) helps owners and entrepreneurs to protect their concepts or creativity by registering their intellectual property rights CURRICULUM TOPICS • Entrepreneurship • Enterprise • Types of business • Innovation GLOSSARY Research and development: processes that involve investigating new ideas for products and taking them forward to be test marketed. Entrepreneurs: people who use their ideas and energies to invest in a business in return for profits. Value: how much money something could be sold for. Economy: the system by which a country produces and uses goods and money. Competitors: other producers supplying similar goods and services. Market share: the percentage of sales within a market that is held by one brand or company. Intellectual property: the rights of the owner to protect...
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... 1251 7755 Schoeman, Willie 1032 6065 Van Wieringen, Anton 1231 8388 Wohlfahrt, Andre 2255 3533 Module: Entrepreneurship Module Code: PBSB 821 Group: Chicken Run Assignment due date: 30 July 2011 Module: Entrepreneurship Module Code: PBSB 821 Group: Chicken Run Assignment due date: 30 July 2011 Element: | Mark: | Question 1 | | Question 2 | | Question 3 | | Question 4 | | Question 5 | | | | | | | | TOTAL | | Contents Question 1 ~ Who can be an entrepreneur? 3 Question 2 ~ Risks, rewards and trade-offs of a lifestyle business vs. a high-potential business that will exceed $5 million dollars in sales and substantial growth. 3 Question 3 ~ The difference between an idea and an opportunity, for whom, and lessons learned from exhibits C and D. 4 Question 4 ~ Reasons why the company has succeeded so far. 5 Question 5 ~ What should Roxanne & Burt do, and why? 5 List of sources 7 PHOTOS Front...
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...Agency for Innovation System VINNOVA Case No: 2007-02271 About VINNOVA VINNOVA, Swedish Governmental Agency for Innovation Systems. VINNOVA´s mission is to promote sustainable growth by funding needs-driven research and developing effective innovation systems. Through its activities in this field, VINNOVA aims to make a significant contribution to Sweden´s development into a leading centre of economic growth. The VINNOVA Information series includes general publications that describe VINNOVA’s activities as well as specific programme descriptions, project catalogues, annual reports, etc. Research and Innovation for Sustainable Growth. VINNOVA´s publications are published at www.VINNOVA.se I VINNOVAs publikationsserier redovisar bland andra forskare, utredare och analytiker sina projekt. Publiceringen innebär inte att VINNOVA tar ställning till framförda åsikter, slutsatser och resultat. Undantag är publikationsserien VINNOVA Policy som återger VINNOVAs synpunkter och ställningstaganden. VINNOVAs publikationer finns att beställa, läsa och ladda ner via www.VINNOVA.se. Tryckta utgåvor av VINNOVA Analys, Forum och Rapport säljs via Fritzes, www.fritzes.se, tel 08-690 91 90, fax 08-690 91 91 eller order.fritzes@nj.se Research on Women´s Entrepreneurship A presentation of the ten projects funded by the programme Contents The Programme: Research on Women’s Entrepreneurship......................... 4 Going into Politics: Female Entrepreneurs as Policy...
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... The last several decades have seen record numbers of entrepreneurs launching business. In 1969, entrepreneurs created 274,400 new corporations; today, the numbers of new incorporation exceeds 600,000 in a typical year! Another indicator of the popularity of the entrepreneurship is the keen interest expressed by students in creating their own businesses. Increasing number of young people are choosing entrepreneurship as a career rather than joining the ranks of the pinstriped masses in major corporations. In short, the probability that you will become an entrepreneur at some point in your life has never been higher! Research suggested that entrepreneurial activity remains vibrant not only in the United States but across the globe as well. According to the Global Entrepreneurship Monitor (GEM), a study of entrepreneurial activity across the globe, 10% of the U.S population aged 18 to 64 is engaged in entrepreneurial activity. The study also found out that 9.5% of people in the 42 GEM countries analyzed are involved in starting a new business. Even countries that traditionally are not know as hotbeds of entrepreneurial activity are home to promising start-up companies. 2. WHAT IS AN ENTREPRENEUR (Page 5 to Page 8) At any given time, an estimated 10.1 million adults in the United States are engaged in launching a business, traveling down the path of entrepreneurship. An entrepreneur is one who creates a new business in the face of risk and uncertainty...
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...entrepreneurship, review entrepreneur traits and social entrepreneurship trends. Studies suggest entrepreneurs post success possess common traits, suggesting traits can be acquired. With these strong traits, entrepreneurs have the potential to produce substantial change on all levels of the triple bottom line. Profitability is equally as important to both commercial and social entrepreneurs. However, it is where they funnel their profits and their driving forces that differ. With so many social issues globally, there are a myriad of social entrepreneurship trends. However, this report focuses on community-supported agriculture, youth homelessness and support for refugee women, all of which are in need of extra support from social entrepreneurship. Contents 1.0 Introduction 1 2.0 Section 1: Overview of Entrepreneurship 2 2.1 Entrepreneurs 2 2.2 Social Entrepreneur 4 3.0 Section 2: Current Trends in Social Entrepreneurship 7 3.1 Community Supported Agriculture 7 3.2 Social Integration and Employment for Refugee Women 9 3.3 Youth Homelessness 10 4.0 Conclusion 11 5.0 References 12 1.0 Introduction The purpose of the report is to review entrepreneurship, identify the traits of an entrepreneur, and examine the factors that differentiate social and commercial entrepreneurship. Whilst entrepreneurship is considered a driving force behind economic growth...
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...business will be explained. Furthermore this information will be backed real entrepreneurship examples from case studies. Finally there will be an overall conclusion on the findings of how these concepts make ordinary individuals go into business. Main body Business start-ups can be explained straightforwardly by push or pull factors (Gibb & Ritchie, 1982).Moreover according to (Storey, 1994) the determinants of entrepreneurship a dissimilarity is often made between push and pull. Difference between these two is that an individual can either be pushed into self-employment because he or she didn’t really have any choice or they can be pulled into starting a business whereby they can pursue business opportunities. The push factors consist of redundancy or other employment misfortunes ((Cooper, 1973) However (Andreas Freytag et all 2010) states that the push factor takes into account the persons current state and one’s preferred state. On the other hand pull factors are normally associated with the entrepreneur’s insight and also business acumen. These entrepreneurs are lured into starting a business when opportunities are presented. Pull motivated entrepreneurs are lured by their business idea and how successful it could be in the future (G,G,Cunningham et all 1995). Pull factors Independence concept is useful on the basis that both males and females entrepreneurs have a desire to be independent (Jodyanne Kirkwood 2009).Independence pulls a person and influences them to...
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...Chapter Seven Small Businesses and Entrepreneurship: Economic Rocket Fuel Review Questions 1. Review the benefits an entrepreneur might seek in starting a new business. Which benefits are most appealing to you? Why? 2. Do you recognize any of the entrepreneurial personality characteristics in yourselves? Which ones? Do you think it’s possible for a person to develop the characteristics that he or she lacks? Why or why not? 3. What role does failure sometimes play in entrepreneurial success? What can an entrepreneur gain from failure? 4. How could you convince family and friends to support your new business launch? What kind of assurances would they need? What could you do to keep the funding relationships professional? 5. Beyond personal resources, what are other funding options for small businesses? Why don’t more entrepreneurs tap into these resources? 6. Compare the opportunities and threats that small businesses face. Which opportunities are most compelling? Which threats are most intimidating? Why? 7. Review the definition of niche marketer, and cite three examples of niche marketers. How has technology affected niche marketing? 8. If you were to launch a new business, would you start from scratch...
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...Entrepreneurs are born and not made An entrepreneur is ‘a person who has possession of a new enterprise, venture or idea and assumes significant accountability for the inherent risks and the outcome.’ So are entrepreneurs born? Or made? There have been many debates from businessmen to academics alike on whether entrepreneurs are born or made, but is it as straight forward as that? In this essay I will evaluate arguments both for and against this statement and conclude it with my own personal observation. The argument for this statement that entrepreneurs are born is a scientific one, with the questions being are there specific entrepreneurial genes and/or chromosomes. Some of the characteristics credited to entrepreneurs include extroversion, risk taker, persistence, independent, innovative, opportunistic and the need for achievement. These skills are the reason many believe they are from nature as they go above and beyond those of an ordinary office manager. Many believe that these are skills are innate in a person, that they are born with them and they are skills and characteristics that cannot be taught. (Scott Shane, wall street journal) ‘40 percent of the variation in the tendency to be an entrepreneur is inherited.’ Some people say that not anyone can become an entrepreneur; they have to have the right innate qualities from birth alongside the external influences for their talents to be recognized in business. “If the environment is not conducive then entrepreneurial talent...
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...PAGE TITLE PAGE APPROVAL PAGE DEDICATION ACKNOWLEDGEMENT ABSTRACT TABLE OF CONTENT CHAPTER ONE INTRODUCTION 1. BACKGROUND OF THE STUDY 2. STATEMENT OF THE PROBLEM 3. PURPOSE OF THE STUDY 4. SCOPE OF THE STUDY 5. RESEARCH QUESTIONS 6. RESEARCH HYPOTHESIS 7. SIGNIFICANCE OF THE STUDY 8. LIMITATIONS OF THE STUDY 9. DEFINITION OF TERMS. REFERENCES CHAPTER TWO REVIEW OF RELATED LITERATURE 2.1 MEANING AND CONCEPT OF ENTREPRENEURSHIP 2.2 HISTROY OF ENTREPRENUERIAL DEVELOPMENT IN NIGERIA. 2.3 ECONOMIC EFFECT OF ENTREPRENUERSHIP IN NIGERIA. 2.4 IMPACT OF ENTREPRENEURIAL DEVELOPMENT IN EBONYI STATE REFERENCES CHAPTER THREE RESEARCH DESIGN AND METHODOLOGY 3:1 RESEARCH DESIGN 2. AREA OF THE STUDY 3. POPULATION OF THE STUDY 4. SAMPLE AND SAMPLING 3.5 INSTRUMENT OF DATA COLLECTION 3.6 VALIDATIION OF INSTRUMENT 7. RELIABILITY OF THE INSTRUMENT 8. METHOD OF DATA COLLECTION 9. METHOD OF DATA COLLECTION REFERENCES CHAPTER FOUR 4.1 DATA PRESENTATION AND ANALYSIS 4.2 TESTING OF HYPOTHESIS 4.3 SUMMARY OF RESULTS CHAPTER FIVE DISCUSSION OF RESULTS AND FINDINGS 5.1 SUMMARY OF FINDINGS 2. CONCLUSION 5.3 IMPLICATION OF THE RESEARCH FINDINGS 5.4 RECOMMENDATION 5.5 SUGGESTION FOR THE RESEARCH BIBLIOGRAPHY APPENDIX CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The worldwide economic depression of the early 80’s caused a rapid deterioration of the Nigeria economy. The output shrank to an all...
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...Entrepreneur: Tom Bostock- ‘The Travelling Fishmonger’ 1. Introduction The definition of an entrepreneur taken straight from the oxford dictionary is ‘a person who sets up a business or businesses, whilst taking on financial risks in the hope of profit’ (Whitelock, 2011). A definition this simple is near impossible to find in any scientific journal. Schumpter (1934) was one of the first researchers to claim that an entrepreneur was an actual state of being that was different from a business owner or manager, and since that faitful article many researchers and scholars have attempted to define the term, entrepreneur. They have found this to be a very difficult task indeed as many ‘scholars have concurred that a common definition of the entrepreneur remains elusive’ (Gartner, 1988). Many studies focus in on the characteristics of an entrepreneur, suggesting that certain characteristics such as ‘need for achievement, intelligence, creativity, energy level, and desire for money’ (Aboud, 1971) are common throughout entrepreneurs. Gartner, accepting these claims, goes onto suggest that if you base the definition of an entrepreneur on characteristics then ‘an entrepreneur is a personality type’ and therefore ‘a state of being that doesn’t go away’ (Gartner, 1988). A more specific definition, by Hornaday and Aboud (1971), of a ‘successful entrepreneur’ is ‘a man or woman who started a business where there was none before, who had at least 8 employees and who had been established...
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.... Franz Diaz B.S. Entrep 4 Business Policy Body Shop Case Summary The Body Shop case is an interesting case study into the miscommunication of owners and stockholder interests with regard to financial conditions. Anita Roddick, the founder of The Body Shop had no financial experience and thought that all she needed to do was expand her business and the financing would take shape as she developed her business. While Anita’s product concept of a natural skin-care line was good; her lack of experience in financial matters took its toll on her business. The growth expansion of the firm was too rapid and sales, margin and stock prices began to decline as a result. The growth rate quickly declined as competitors such as Bath & Body Works flooded the market. This decrease in market share led to poor decision making by the owner. The Body Shop quickly saturated the market and began to dilute their brand name. It quickly became a mass-market line franchised to every suburban shopping mall and street corner. In 1998, many attempts to strategize the company were employed by both Anita Roddick and Patrick Gourney. Unfortunately, the damage had already been done. Revenues continued to growth; however, pre-tax profits still declined in the years that followed. In 2001, Gourney attempted to reinvent the company and employed several strategies that continued to fail by suggesting increased investment is stores, and attempted to achieve operation efficiencies...
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...Bigger Feet – Case study October 29th of 2012 Kiara M Prof: Christine Clark Bigger Feet (Case study nº 1) Entrepeneurship and New Ventures Business opportunities are typically born when someone sees a problem, and then finds a solution to that problem. For “Bigger Feet”, the opportunity came to the entrepreneur in 2004 because his founder was having difficulties finding shoes that fit his 13 sized feet. Through his mother advice after a frustrating experience in a shoe shop, he then got the idea to start a website where people with large feet could order their shoes. After researching the market by meeting manufacturers and visiting trade shows, it was for him apparent that there was not only the means to a big foot wear company but also the market demand. This solved a big problem for many, and that is the crux of any big idea – finding a solution to a unique problem; And how not, if statistics say that across the UK, arounf 1 million people has bigger than average feet, size 12 and above for men and above 9 for woman. The site was launch in 2005 and incredibly sold his first pair of shoes within half an hour! Within several weeks, “Bigger Feet” sales had gone international, receiving order from Saudi Arabia, USA and The Netherlands. In the following months, both Bigger Feet and Oliver got stronger. After winning the “Make Your Mark – Lloyds TSB award for teen entrepreneurship he started appearing in sources such as, the Finantial Times...
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