...Case Study On Tommy Miah “Curry King” from Bangladesh ------------------------------------------------- ------------------------------------------------- Institute Of Business Administration Jahangirnagar University Savar, Dhaka Date of Submission: November 23, 2011 Tommy Miah : Britain's "Curry King" Tommy Miah is one of the principal leaders of the Bangladeshi business community in the United Kingdom, a celebrity chef, who believes that the recipe of success is "hard work, more hard work and marketing". Tommy Miah was born in Sylhet, Bangladesh in 1959, and moved to England with family at the age of 10. There he went to school in Aston Manor in Birmingham, and struggled due to his poor English. He was dying to get out as soon as possible. Tommy married Rina at the age of 16 and has three children Aysha, Rajah, Rajoo and two grandchildren Anisha and Rehan at present. Being interested and naturally talented in Cooking, which he got from his mother, Tommy got a job in one of Birmingham's many Indian restaurants as a kitchen porter, washing pots and pans. Back in his mother’s kitchen, kept on practicing, perfecting and improving the dishes he learned from observing the chefs at the job. Tommy launched his first business venture, a simple takeaway and restaurant in Birmingham's Broad Street, which soon gained popularity for his innovative cuisine, and started attracting an influential clientele, particularly among local footballers including Laurie Cunningham...
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...The period chosen and particular to the selected entrepreneur is from 1994 to 2011. According to Schaper and Volery (2004) the factors that influenced the entrepreneurial activity for Charles and Keith from 1994 to 1996; just prior to the founding of the brand can be classified into five elements, namely, the environment, opportunities, resources, the organisation and the entrepreneur. At that point, the environment at community level during that time was that there were no known home-grown brands in the fashionable footwear market. Providers that exist were either neighbourhood stores or branded labels such as Nine West. However, during that period with a weak economy (National Wages Council (NWC), 1996), both brothers, Charles and Keith faced employment challenges such as the lack of opportunities as they had not done well academically and with that, they decided to work in their family owned shop in Ang Mo Kio. They assisted their parents entirely from the serving of customers to stock counting. “After helping out in my family owned shop for a couple of years, I felt that ladies footwear in Singapore was plain and basic as compared to other countries. There was no footwear retailer selling fanciful footwear at good pricing. Women in Singapore often have to rely on imported footwear which is expensive and unbefitting. Together with Keith, we introduced this brand – Charles & Keith”. Starting a business is never easy, especially when you are younger than others in...
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...Introduction Up to now the role of entrepreneurship and entrepreneurial culture in economic and social development has been diluted. Nevertheless, over the years it has become obvious that entrepreneurship has grown in importance and that it indeed contributes to economic well being. Converting ideas into successful economic opportunities is the main essence of entrepreneurship. If we cast an eye over the past, the economic momentum has been substantially advanced by pragmatic individuals who are creative and innovative, able to utilize opportunities and willing to take risks. Whatever the definition of entrepreneurship, it is associated with creativity, literacy, innovation and change that are in turn vital for competitiveness in the wake of increasing globalization. Therefore preparing successful entrepreneurship means advancing the competitiveness of a business. SME and entrepreneurship development are two very important factors in reducing the poverty of any country. For many countries SME is the backbone of their economy. In the wake of rising importance of entrepreneurship, various disputes over it, have increased. One such dispute is weather the entrepreneurs are born or made. The primary objective of this work is to compare and contrast the two schools of thought and based on the research make a reasonable conclusion. Entrepreneurs: born or made? Firstly it is worth to identify what actually entrepreneurship is. Generally talking, there are many definitions...
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...Leadership styles, entrepreneurial orientation and family business growth in Ghana. The research problem While the number of family business abounds in Ghana, one sees lots of these slowly dying and some going bankrupt (Wolf, 2004). The lack of continuity and growth in family businesses is a major concern because of the primary contributory role that family businesses play in the world economy (Lansberg 1999: 1). It is perceived that entrepreneurial activities in Ghana lack the dynamism and competitive edge of those in more developed countries (Saffu, 2004). One reason that can be advanced is the lack of appropriate leadership style and competencies to manage the family business enterprises in Ghana (Wolf, 2004). Researchers in the fields of organizational behavior and leadership have examined leadership styles and their effects on such variables as job satisfaction, job stress, role conflict, job performance and organizational commitment (Humphreys et al., 2003, MacKenzie et al., 2001 and Stock and Hoyer, 2002), in the context of the North American and other developed countries and has rarely been conducted in emerging economies with different cultural orientation (Fakhrul et al 2011), and the Ghanaian context is no exception in this regard. Globally, there is a dearth of research regarding the influence of leadership styles and entrepreneurial orientation on the growth of service sector businesses including private schools. According to (Kest, 2007) there is a lack...
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...What Makes a Good Entrepreneurial Leader? Ask Middle Managers: Knowledge@Wharton ( http://knowledge.wharton.upenn.edu/article.cfm?articleid=347) What Makes a Good Entrepreneurial Leader? Ask Middle Managers Published : April 25, 2001 in Knowledge@Wharton According to a recent Industry Standard article, the highly successful entrepreneur John Peters, now CEO of broadband service provider Sigma Networks, characterizes himself as a "serial entrepreneur" who tends to spend about four years on each of his startups. "I just thrive on the uncertainty, the challenge and the creativity of starting a company. I like the blank piece of paper." It’s no surprise that Peters, and other entrepreneurs like him, crave new beginnings, risk and change. Indeed, those characteristics almost define the breed. But according to a paper by Vipin Gupta, management professor at Fordham, and Ian C. MacMillan, director of Wharton’s Sol C. Snider Entrepreneurial Center, entrepreneurs aren’t the only ones who should be able to embrace the challenge of that "blank piece of paper." In their analysis, Entrepreneurial Leadership: Developing a Cross-Cultural Construct, Gupta and MacMillan use a term coined by MacMillan - "entrepreneurial leader" - to encapsulate the style they believe today’s managers must cultivate. They outline the qualities of an entrepreneurial leader and back up their assertions using a 60-society survey of middle managers around the globe. The survey suggests that a majority of businesspeople...
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...are four major elements are significant with entrepreneurial spirit: enterprising spirit, adventure spirit, innovative spirit and social responsibility. Cultivating entrepreneurial spirit can shape the correct social values and create a good environment for the formation of the entrepreneurship. The essay has explained what is entrepreneurship and analysis of this topic. 2. Entrepreneurs Entrepreneurs are those who have innovative and enterprising spirit, and they can organize and utilize economic resources effectively. Usually entrepreneurs dare to take responsibility for business operation, and they have special qualities that create wealth for the enterprise and society. Entrepreneurs can be divided into three types: traditional entrepreneurs, entrepreneurs, and social entrepreneurs. Traditional entrepreneurs have including the creator of private business and outstanding leaders of state-owned business. The former is creating enterprise or make it stronger, and they must assume all operating risk of enterprise. They tend to be the supreme leader of enterprise or have the right of exercise control in the enterprise, and it returns society though pay taxes. The latter have not the ownership of enterprise, and they have made the state-owned enterprise implements a leap-forward development though good team leader. 3. Entrepreneurship The value of entrepreneurship should be an abstract concept. It may be a quality, a thought or an ideology. Entrepreneurship should be the...
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...1, What is the BOSI Model? “BOSI is the acronym for the four Entrepreneurial DNAs – The Builder, The Opportunist, The Specialist and The Innovator.”1 These are the DNAs that define what kind of entrepreneur you are. Almost everyone has multiple DNAs, but one usually has a primary DNA that drives him/her. The use of the BOSI model is to let you know about your DNAs, to tell you what you do best and what you should not do at all as an entrepreneur – your tendencies, your predispositions, your strengths and your weaknesses. For example, some people are good with building companies from ground up, they develop the companies like they were born to do it – they are the builders. Some others, on the other hand, try to follow every step the builders take and still eventually end up failing. These people fail not because they are not good entrepreneurs; they fail because they don’t have the builder DNA. Maybe one day, they can come up with unique ideas and then create new products that earn them billions – they still make money, however, not by building but by innovating - they realize that they are not builders but rather innovators! The BOSI Model was created to reduce an entrepreneur’s chances of failure. When a Specialist thinks that he/she is an innovator, he/she would spend every day in the lab thinking that one day he/she will become as successful as Steve Jobs; but it is likely that he/she would fail because he/she does not have an innovative mind – that would then be a waste...
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...Awareness and Exploitation of Entrepreneurial Opportunities An awareness of entrepreneurial opportunities that occur around us everyday has led to the discovery of everything we know and possibly take for granted today. The only difference is that where one person does not recognise an opportunities potential, there is generally an entrepreneur there to grasp it and harness its true value whether it be for personal, commercial or public exploitation. This idea of an entrepreneurial opportunity will be examined by considering means-ends relationships and also the concept that these ideas are a combination of both objective and subjective forces. Throughout this essay the idea that entrepreneurial opportunities are discovered will be discussed by outlining three key attributes that propagate this discovery. In addition to this it will be argued that the notion of opportunity creation is an incremental subset of discovery and although it is not the front running process it still plays a key role in opportunity development. Shane and Venkateraman (2000) view entrepreneurial opportunity as employing a set of resources to their best use and selling them for a profit by correctly interpreting market forces. This is generally accepted as the conceptualisation of entrepreneurial opportunities, but there are disagreements about how these opportunities arise, their origin, and their nature [ (Companys & McMullen, 2007) ]. The integration of these resources can be described as a means-ends...
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...Entrepreneurship Entrepreneurship Entrepreneurship assignment 1500 word: Interview with Pearse Kelly, Spar owner In the following assignment I will describe in a case study form the interview in which I undertook with Pearse Kelly that is the owner of the local Spar in my area Maghera. I will outline his role as an entrepreneur and explain how he started off and got to his success. Entrepreneurship and school of thought – Entrepreneurial Trait Approach We can define an “entrepreneur” as someone who demonstrates initiative by organizing a venture to take benefit of an opportunity and, as the decisionmaker, decides what, how, and how much of a good or service will be produced. It is someone who is determined and sees to the future and is not afraid of taking risks in life. That is where Pearse fits in. I asked Pearse firstly, “How would you describe yourself?” Pearse replied promptly and convincingly with “I am very much so a determined, hard-working individual, I am a mirror-image for others to see themselves through and someone who strives for success in everything they do and not afraid to take upon the impossible”. David McClleland (1961) describes an entrepreneur as “a person with a high need for achievement [N-Ach]. He is energetic and a moderate risk taker.” To further the interview I asked Pearse a question regarding his background history, he began telling me about how his current firm (SPAR) had been a small confectionary shop owned by his grandmother which was...
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...between innovation and entrepreneurship. Section two will show the advantages of innovation in economic development. Section three will describe the impact of entrepreneurship on economic growth which divided into three parts: the regional, industry and global levels. The final section will concentrate on the role creativity and problem solving play in this relationship. The relationship between innovation and entrepreneurship is mutual. On the one hand, innovation is a precondition of entrepreneurship to drive entrepreneurial establishments to succeed. In order to prove this, Hitt, Ireland, Sexon and Camp (2002) point out that a successful entrepreneurial establishment cannot leave the help of essential innovation. Many innovations are produced by individual entrepreneurs; it usually takes place in large companies in developed countries. Therefore, a large amount of entrepreneurial opportunities are not able to be used by these entrepreneurs due to the entrepreneurial large companies (ibid). All in all, as entrepreneurship plays a substantial role in both performance and growth of established companies, innovation has a major impact on most companies in regional or national markets. On the other hand, entrepreneurship is an inspiration and a key process of innovation. The...
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...Competing views of the entrepreneur The term entrepreneur has become to have a broad definition over the years, with many authors debating over the types of characteristics that make up a person who can be classed as entrepreneurial. The word originally came from the French meaning 'one who takes between' but over the years the term has developed with varying definitions from academic literature, the media and often people classed as entrepreneurs themselves, causing great difficulty in finding a universal definition. In the late 18th Century, Cantillion and Say from the French school of thought were amongst the first to recognise the role of the entrepreneur. Cantillion first defined entrepreneurs as a 'risk taker', buying at a certain price and selling at an uncertain price. (Cited in Blaug 1986:220) Jean-Baptiste Say backed this up by stating entrepreneurs are 'the pivot of the economy, a vehicle for economic change. Deakins and Freel (2009). In the years to come, further concepts of entrepreneurs were developed and argued amongst academics. By examining the differing opinions from a broad spectrum of authors since the role was first distinguished, through the years where the meaning has become diverse and arguments have surfaced over the true meaning of entrepreneurship, I hope to make clear whether the term is so unclear to render it worthless or find some way of giving it some true common definition in today's society. To investigate the varying opinions and definitions...
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...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.[1] 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." [2] 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)" [3] 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...
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...entrepreneurs so much different than others? I, amongst many others, believe that there are definite attributes that entrepreneurs have that drive them to do what they do so well (or not so well). And as a typical American, I shall compare my most central psychological traits and compare it to those of an entrepreneur Entrepreneurs are motivated. They have some sort of drive that causes them to put so much time and effort in one of the hardest tasks to do today, starting a business. Entrepreneurs tend to have a need for achievement. This need for achievement, not only helps motivate and bring positive thoughts, but it can also have its negative factors. These could be frustration, which leads to mistakes, which could ultimately lead to unemployment (Shapero and Sokol 1982). Like entrepreneurs, I too have a need for achievement. For example, I always wanted to be the best when it came to school. If I received the highest grade in my class, then I felt successful, just as an entrepreneur would if they were able to get their business off of the ground. However, like the entrepreneur, I definitely had my push factors. If I tried too hard, for example stayed up way too late studying for a test, I lead myself to stress and it eventually led to the...
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...MY LEADERSHIP MANIFESTO Sarah-Jane Wilkinson Management Theory in Practise MY LEADERSHIP MANIFESTO Sarah-Jane Wilkinson Management Theory in Practise TABLE OF CONTENTS INTRODUCTION 3 LEADERSHIP 4 Leadership and Effective Leadership 4 The Relevance of Leadership in Today’s World 5 ENTREPRENEURIAL LEADERSHIP 7 Entrepreneurship and its Relevance in Today’s World 7 Entrepreneurial Leadership and its Importance in Today’s World 7 MY LEADERSHIP STYLE AND OVERALL REFLECTION 10 My Experiences with Leadership 10 What Kind of Leader do I Want to be and Why? 13 How Best Can I Become a Leader 13 REFERENCES 14 ------------------------------------------------- INTRODUCTION According to a number of different sources a manifesto can be defined as a statement that publicly declares the intentions, views and motives of the issuer. This report is a personal manifesto that outlines my thoughts on the topic of leadership. The topic of leadership has been debated over endlessly this year. We have discussed what the difference is between transactional and transformational leadership, the qualities of the most effective leaders, the different levels of effective leadership and the different styles of leadership. Leadership is also something that, I’m pretty sure, each Genesis participant has physically experienced on top of academically studying it throughout this year. I feel that, after this year, I am much more aware of the importance of leadership and its...
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...balancing the various stages of one’s life. Planning every step that is well thought out is the key to having continuous success in a business. In order to start a business, it only takes one thought. In order to grow any enterprise, business, or entrepreneurship it requires a series of steps that must be actively and consistently developed. This can be achieved through a successful MBA program. The MBA program will provide the rigor and depth of learning to give me extensive exposure to all subject areas of business management. I will learn to work with accounts, financial evaluation and projection, project management and supply chain optimization. The atmosphere of collaboration and student participation will help me develop my team-management skills. Active participation in classroom discussions will enhance my communication and presentation skills. The program will give me insights into strategy development, which I can translate into sound decision-making in optimizing business operations. To successfully pursue my goals, in addition to developing hard business skills, I would also need to develop soft skills such as networking. It is only the full-time MBA program that would help me develop a network of friends, associates and contacts. The Western Michigan University’s MBA program is the bridge where I am and where I want to be. The inventiveness and uniqueness of the Haworth School's both entrepreneurial and management programs impressed me. I believe that I will increase my...
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