...Name: Roderick Smart ID#: 92058153 Course Title: New Ventures and Entrepreneurship Course Code: SBCO 6190 Lecturer: Dr. K’adamawe K’Nife Topic: Profile of an Entrepreneur Profile of an Entrepreneur Entrepreneur Mr. Earl Martin CEO and founder of Island Products Manufacturers Start Date 1992 Industry Manufacturing of Chemical Products Innovation Sale of household cleaners in bulk quantities Background Mr. Martin started his company island products Manufacturers in 1992, with the idea to sell house hold cleaners in bulk, at the time these cleaners could only be purchased in retail amounts no larger than 1 gallon. Mr. Martin realized that when you buy a gallon of household cleaners approximately half the price that you pay is for the container not for the actual cleaners so he thought to himself that if he could bring his own gallon containers to purchase cleaners he could save approximately fifty percent on cleaners. Mr. Martin approached a couple of wholesale’s trying to purchase household cleaners in bulk using his own containers and found that no one was willing to sell him cleaners in bulk quantities, in fact he could use his containers to purchase syrup in bulk although syrup would be ingested, but he couldn’t buy cleaners in bulk. Mr. Martin saw a business opportunity. Mr. Martin borrowed a truck from a friend and started his business by purchasing bulk amounts of household chemicals from existing manufacturers and he approached wholesalers...
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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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...------------------------------------------------- Myth 5: Entrepreneurs Must Fit the "Profile" Entrepreneurs and Entrepreneurship: An Introduction It is not easy to give a particular answer to the question: Why do people want to start and run independent businesses? Different answers may come from different people. Some people may start a business just because they love independence and hate to tolerate bossing in the jobs. Some may not have the capability and qualification to do a job and as job is not available to them, they go for independent businesses in order to survive. Some may have some special skills and love challenges to run an independent business. Several motivational factors like need for affiliation, need for power and need for achievement (McClelland, 1961) are also responsible for going for an independent business. Murthy, et al (1986) found that entrepreneurs are motivated to start a business because of the factors like ambitious factors, compelling factors and facilitating factors. Whatever may be the reason, it can be said that in most of the times of the history of human civilization, there were entrepreneurs who did independent businesses and this trend of history still continues. For the last few decades in all over the world, entrepreneurs are regarded as value adding people to the society. Holt (1992) says, “The term entrepreneur may be properly applied to those who incubate new ideas, start enterprises based on those ideas, and provide added value...
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...A successful Bangladeshi entrepreneur Prepared for: Mr. Shahriar Kabir (SK) Course Instructor, Entrepreneurship Development BUS513 (Spring 2014) Prepared by Saniul Islam ID: 201103107 IBA, Jahangirnagar University Date: February 8, 2014 Table of Contents Introduction 3 Profile 3 Company Profile 3 How did he set up REVE Systems 4 Specialization of REVE Systems 4 Target customers 4 Competition in the industry 4 Choosing IT Sector 4 History of his company 5 Working environment in REVE Systems 5 M Rezaul Hassan advice to the budding entrepreneurs in Bangladesh 5 References 6 Introduction M Rezaul Hassan is the founder CEO of REVE Systems. Under his leadership, REVE Systems has become the leading software and solutions provider in IP communications domain. REVE Systems was awarded with the Red Herring’s Top 100 Global Company in 2012. REVE Systems is headquartered in Singapore, has software development facilities in Dhaka and New Delhi and offices in the UK and the USA. Right now, REVE Systems has 2000 plus carriers from more than 75 countries as their customer. Profile Mr Rezaul Hassan is the CEO of REVE Systems. He founded this company in 2003 after working in the IT/ Telecom industry for many years. As the founding CEO, Hassan, along with a dedicated team of colleagues, has helped to build REVE Systems into a major solution...
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...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 In other to make profit”. 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 intra-preneurship and may include corporate venturing, when large entities spin-off organizations. Who can become an entrepreneur? There is no one definitive profile. Successful entrepreneurs come in various ages, income levels, gender, and race. They differ in education and experience. But research indicates that most successful entrepreneurs share certain personal attributes, including: creativity, dedication, determination, flexibility, leadership, passion, self-confidence, and “smarts.”Creativity is the spark that drives the development of new products or services or ways to do business. It is the push for innovation and improvement. It is continuous learning, questioning, and thinking outside of prescribed formulas. Types of entrepreneurs Social entrepreneur: A social entrepreneur is motivated by a desire to...
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...intrapreneurs List of innefable intrapreneurs Who is an Intrapreneur? An Intrapreneur are those who take hands-on responsibility for creating innovation within any kind ofEntrepreneur within an exixting organization. An entrepreneur within a large firm, who uses entrepreneurial skills without incurring the risks associated with those activities. Intrapreneurs are usually employees within a company who are assigned a special idea or project, and are instructed to develop the project like an entrepreneur would. Intrapreneurs usually have the resources and capabilities of the firm at their disposal. The intrapreneur's main job is to turn that special idea or project into a profitable venture for the company. A.James Gosling B.Personal Information * Born on May 19, 1955 (age 60) Near Calgary, Alberta, Canada * Residence:San Francisco Bay Area,California, United States * Nationality: Canadian * Institutions: Sun Microsystems,Oracle Corporation,Google,Liquid Robotics,Typesafe Inc. * Alma mater: Carnegie Mellon University University of Calgary * Known for Java (programming language) C.Story/Profile James A. Gosling, O.C., Ph.D. (born May 19, 1955 near Calgary, Alberta, Canada) is a famous software developer, best known as the father of the Java programming language. In 1977, James Gosling received a B.Sc in Computer Science from the University of Calgary. In 1983, he earned...
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...example, Alex Calderwood uses his creativity in developing Ace Hotel. Also, through providing a low range of price and a different design of the hotel, it provides customer a sense of uniqueness on the hotel. In Shannon Guderian’s story, Guderian saw the need for the parts of latest model cars. With his interest in Ford Mustang, and the support of his friends, he started Late Model Restoration Supply. Jerry Murrell’s Five Guys Burgers and Fries discussed about the product quality control and also its consistency of the product and services. With these stories, it help to gives us a guide to start up a business, therefore the three stories are not misleading. 2. In general, an entrepreneur is a person who starts a business; he is the owner of a business. According to the textbook, an entrepreneur is one who seeks for an opportunity to start off a business while assuming the risks and the rewards of his or her effort, and then executes the opportunity given. 3. The most significant reason for my father to follow an independent business career is that he wanted to be the boss of the business. According to my father, it also gives him the control of operating the business; leading the business towards the path he had envisioned. 4. Individual who works towards a set target to gain the rewards being offered could help in improving that individual’s business. However, when an individual starts to be obsessed with the reward gained, it could lead that individual to be more...
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...the society. In traditional Indian societies, they were confined to four walls. In modern society, they come out of four walls to participate in all types of activities including entrepreneurship. In India empowering women through entrepreneurship has become an integral part of our development efforts because of 3 important reasons; i). Women development, ii). Economic growth and iii). Social stability. Present study is conducted to analyse the contribution by womenentrepreneurs in economic development of nation and also to find out the current problems, which they are facing in their businesses. The study is conducted in Faizabad zone of Uttar-Pradesh. In present study it is found that this enterprise is appropriate for those women entrepreneurs who are having problem to outside home due to...
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...think I am/am not an entrepreneur. I am a ... entrepreneur because...” 15/9/201 Introduction In this assignment, I will explain as to why I think I am a lifestyle entrepreneur and the reasons as to why I think I am classified as this type of entrepreneur. I will discuss what a lifestyle entrepreneur is as well as the major motivations that form an integral part of the lifestyle entrepreneur’s choice to follow the specified path. The following motivations of autonomy, family and leisure time, passion and intrinsic reward and satisfaction as well as life quality will be discussed at different stages of my assignment. I will also show how some of these motivations integrate together to form a basis for the lifestyle entrepreneur. What is a lifestyle entrepreneur? As noted by Henderson (2002:49), to support a desired lifestyle or provide a family income is reasons as to why a lifestyle entrepreneur will start a new venture. These entrepreneurs also seek independence and control over their own schedule. Whilst Mottiar (2007:67) argues that a lifestyle entrepreneur is concerned with maintaining income at a level sufficient enough to provide them and their family with adequate funds to allow them to enjoy their chosen lifestyle. As can been seen in the above, lifestyle entrepreneurs aim to make as much money as they require to live and maintain the lifestyle of their choice (Janssen-Selvadurai, 2010:187). Important components to the lifestyle entrepreneur that act as motivating...
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...Nr 2/2009(10) WS P Ó Ł C Z E S N A E K O N O M I A Areti Stringa*, Saimir Sallaku**, Jorida Tabaku*** Individual Characteristics of Entrepreneurs in Transition Countries. The Albanian Case Summary The transition process in Albania, as in other ex-communist countries, stopped the enterprise development. The increasing number of small and medium enterprises is the most promising consequence of the transition process. Several researches in western countries have demonstrated that entrepreneurship involves objective and subjective factors and is interrelated with environmental objective factors and individual subjective ones. Our research examines clear characteristics of the businesses’ analysis, the performance of the entrepreneurs themselves (their background and personal characteristics), their motivation to start a business and the perceptions of the different characteristics and the aspects of the businesses they run. 1. Definition of Entrepreneurship and Entrepreneurs Storey (1994) argues that there is no uniformly acceptable definition of small firms due to a variety of factors, including: industry and sector influence on size; yardstick used; and subjective and conflicting statistical data on small and new firms. Bolton Committee (1971) tried to correlate the economic and statistical features and linked those with the industry factor while regarded small firms as: • with relatively small share of market; • managed by owners or part-owners in a personalised...
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...History of Bangladeshi Entrepreneurs and Entrepreneurship Several studies on topics like entrepreneurship and entrepreneurs were done by several academicians all over the world in different countries. The issue got immense importance in the eyes of the researchers. The case of Bangladesh is also similar. After the period of British ruling when two new states India and Pakistan came, the economy of this subcontinent was backward, highly agricultural and characterized by massive poverty (Ray, 1992). During the ruling of Pakistanis, though the other side of Pakistan (West Pakistan) saw some economic developments, the portion which is now called Bangladesh (the then East Pakistan) could not see that light. Bangladesh got rid of Pakistani ruling in December 1971.But because of one-eyed behavior of the then Pakistani rulers huge economic problems were already prevailing in East Pakistan even at the pre-independence period. After independence, as a result of the post-war crisis, massive political unrested. The overall economy became more backward and stagnant. From then, even today Bangladesh is known all over the world for its mass-poverty and poor economic growth (Kamal, 1985). Even now-a-day, the dominant sector of economy is the agricultural sector. But investment in agriculture from commercial point of view has not been made much due to ownership problems, existing inheritance laws, uneconomic size of farm, socio-cultural traditions of the people and absence of governmental commitment...
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...Become Entrepreneurs, International Journal of Business and Social Science, Vol 3 No. 19; October 2012. 2. OBJECTIVE OF THE STUDY The main objective of the study is to examine the undergraduate students' perceptions on entrepreneurship, on the motivators, obstacles and challenges as well as the government support behind starting up and sustaining a new venture. The study also attempts to examine if there are any differences of gender, birth order and working experience with one's entrepreneurial intention. Comments: The objective of the study and the title of the journal is not so appropriate because the objective is on perceptions only whereas the title seems to be getting a dependable results. 3. PROBLEM The author cited no clear problem statements but the title seemed to be of educational significance. The problem was not clearly delineated and it required several readings to establish why the authors felt this study needed to be done. It was limited to the researchers' capabilities and resources. 4. REVIEW OF LITERATURE The author cited no clear review of literature; however, several appropriate references were used in the introduction section which referred to Thailand and Hong Kong university students but it was very limited to only motivational factors and challenges to become entrepreneurs. 5. HYPOTHESIS This research didn't state any hypothesis about how motivations and obstacles have an impact on university students to become entrepreneurs although...
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...organizations, to perceive and create new economic opportunities (new products, new production methods, new organizational schemes and new product-market combinations) and to introduce their ideas in the market, in the face of uncertainty and other obstacles, by making decisions on location, form and the use of resources and institutions. Unlike Timmons (ibid), Wennekers and Thurik believe that entrepreneurship is not limited to creating or seizing a business opportunity, there has to be willingness and ability to perceive new economic opportunities(new products, new production methods, new organizational schemes and new product-market combinations). Entrepreneurship can thus be seen as the activity of an entrepreneur. Entrepreneur Hisrich and Peters (1998) ,see an entrepreneur as someone creating something new with value by devoting time and effort, assuming the accompanying financial, physical and social risks, and receiving the resulting rewards of monetary and personal satisfaction and independence....
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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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...mastor UNIVERSITI TEKNOLOGI MARA FACULTY OF BUSINESS MANAGEMENT ACADEMIC YEAR 2012/13 MARCH 2013-JULY 2013 SEMESTER PRICIPLES OF ENTREPRENEURSHIP (ENT 530) Course Details Course : BBA IN MARKETING (BM220) Tutorial Group : JBM2204D Lecturer’s Name : MADAM SHAHERAH BINTI ABDUL MALIK Title : `TEROMPAH MASTOR TUAH’- A SUCCESSFUL ENTREPRENEUR Assignment Details Due Date : 17th MAY 2013 Important Note : Submission of assignments is the responsibility of the students. Student’s Details Name | Student ID No. | NURUL`AIN BINTI BASIR | 2012200112 | IMAN BINTI MOHD FAWZI | 2012664482 | NUR AIYSHA BINTI RAZALI | 2012694292 | AHMAD SYAZANI BIN KASMUN | 2012216956 | MUHD FAIZ BIN SHAHRU ALZAMAN | 2012299472 | MUHAMMAD MOHSEIN B. MOHD ZAINAL | 2012853236 | Assignment Overall Marks : ________________ Marks ACKNOWLEDGEMENT First of all, we would like to say Alhamdulillah, for giving us the strength and health to do this assignment until it done. Not forgotten to our family for providing everything, such as money, to buy anything that are related to this assignment and their advice, which is the most needed for this assignment. Internet and all that as our source to complete this assignment. They also supported and encouraged us to complete this task, so that we will not procrastinate in doing it. Then, we would like to thank to our lecturer, Madam ShaheerahBinti Abdul Malik for guiding us throughout this assignment...
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