...AR Gala has worked hard all his life along with his partners/brothers to get to this stage. Their parents died when they were very young, and then they were thrown out of the house by their father’s brother. Being the eldest brother, he took responsibility of his younger siblings. To educate them, he gave up his studies and started his own small business. He used to go to households on a four wheel cart and ask them from recyclable wastes, which primarily included paper, wood, etc. From that income he educated all his younger brothers. Soon along with his brothers, they started their own recycling unit. From that point in time, the family never looked back. They started publishing text books and reference books which were used in every school which followed the regional board. As the other brothers joined they expanded to different boards, languages and subjects. In India, usually children join their fathers business. As there were already 5 partners in the company, the company would be too crowded if every child was also made a partner in the company. So the directors made a law which stated that in order to become a partner in the company, one will have to prove himself/herself useful and contributing to the company. So the next generation was busy with proving themselves. The main directors (AR Gala and brothers) were not that well educated at that time, as their main concern was to make money. Because of that the company’s financial statements and balance sheets were not...
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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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...What is entrepreneur? Is someone who starts a business or organization. Also who manage their business. But who organizes the stuff of organization. And assume the responsibility of the enterprise. A loanword (entrepreneur) it is defined as an individual who organizes or operates a business or businesses. How to become an entrepreneurship? You can become an entrepreneur by having an idea what you want in the business industries and the category you want to be in it. But you need to know what you really want and of course, what kind of business you actually want. But you will face many obstacles, challenges and difficulties in business operation as an entrepreneur. “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." Said Paul Reinolds, is an entrepreneurship. Therefore, entrepreneurship it is defined who pursuits the opportunity without concern to the resource at this time controlled. The entrepreneurial activities vary considerably depending of the type of organization and creativities involved in the organization. Therefore, to be successful, a good entrepreneur will need have some extraordinary abilities or be very smart. Also Entrepreneurs are very important to the society because...
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...To be discussed in 1st week – during lecture. Group Assignment: Entrepreneur’s Profile (30%) Choose one entrepreneur in given industry (food, hospitality, logistic, retail, transportation, air line system, medicine, manufacturing, insurance and etc) to conduct an interview and write a report on “Entrepreneur’s Profile”. Instruction:- 1. Form a small group, consist of 5 -6 students. 2. Group leader will participate in lucky draw to choose the industry. 3. Group will propose the suitable entrepreneur in given industry to be endorsed by lecturer. The report structure must be based on the following format: 1. Cover Page a) Name of entrepreneur b) Name of Student c) Matrix number d) Group/section e) Lecturer’s name f) Date of submission 2. Table of contents A. Introduction B. Entrepreneur background C. Company background D. The entrepreneur before starting the venture E. The entrepreneur at the time he/she started the venture F. Conclusion (What can you learn from this entrepreneur?) G. Appendixes (picture of entrepreneur and any materials related in preparing the report. Table of Contents (Details) A. Introduction B. Entrepreneur background - Name, age, gender, ethnicity, origin - How did he or she start the business? - What are the factors which lead to the creation of business? C. Company background - Name of company - What...
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...Entrepreneurial Behaviour APT 2013 Semester 2013/2014 To be discussed in 1st week – during lecture. Group Assignment: Entrepreneur’s Profile (30%) Choose one entrepreneur in given industry ( food, hospitality, logistic, retail, transportation, air line system, veterinary medicine, textile, palm oil industry, rubber industry, pharmaceutical industry, cosmetic industry, education and etc) to conduct an interview and write a report on “Entrepreneur‟s Profile”. Instruction:1. Form a small group, consist of 5 -6 students or less for smaller course. 2. Group will propose the suitable entrepreneur in given industry to be endorsed by lecturer. The report structure must be based on the following format: 1. Cover Page a) Name of entrepreneur b) Name of Student c) Matrix number d) Group/section e) Lecturer‟s name f) Date of submission 2. Table of contents A. Introduction B. Entrepreneur background C. Company background D. The entrepreneur before starting the venture E. The entrepreneur at the time he/she started the venture F. Conclusion (What can you learn from this entrepreneur?) G. Appendixes (picture of entrepreneur and any materials related in preparing the report. Table of Contents (Details) A. Introduction B. Entrepreneur background - Name, age, gender, ethnicity, origin Prepared by Mohd Rafi Yaacob & Ahmad Syakir Bin Junoh @ Ismail Email: rafi@umk.edu.my, syakir@umk.edu.my Entrepreneurial Behaviour APT 2013 Semester 2013/2014 - How did he or she start...
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...FACTORS THAT INFLUENCE THE CREDIT AVAILMENT OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN TANAUAN CITY A Thesis Presented to the Faculty of College of Accountancy Business, Economics and International and Hospitality Management Batangas State University-JPLPC,Malvar Campus Malvar, Batangas In Partial Fulfillment Of the Requirement for the Degree Bachelor of Science in Business Administration Major in Financial Management By: Chona E. Maquiñana Lorie May R. Catimbang Jonie E. Mendoza October 2013 APPROVAL SHEET This research paper entitled “Factors that influence the credit availment of Small and Medium Enterprise (SME’s) in Tanauan City” as prepared and submitted by ChonaE. Maquiñana, Jonie E. Mendoza and Lorie May R. Catimbang, in partial fulfillment of the requirement for the degree of Bachelor of Science in Business Administration has been examined and is recommended for Oral Examination. ________________________________ KRISTINE ABIGAIL S. DE LUNA, MBA Thesis Adviser Approved by the Committee on Oral Examination with the grade of __________. PANEL OF EXAMINERS _________________________________ ELISA S. DIAZ, MBA, (DBA Candidate) Chairman ____________________ ___________________ JESSIE S. LEONG, Ph. D. LUCINA S. LAT, MBE Member Member Date of oral Examination________________ Accepted...
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...the RADAR profile as a way of assessing cultural profile of one’s country, it contains three dimensions which are expectation of business relationships, communication, and management. David had us analyse a cultural profile of ourselves and compare to the person besides, in this case they are my groupwork members from one of the International Business Malmanagement (IBM) module. I noticed that we all have similar cultural profile, and that is why we get along better than expected. I also learned from David that there is more to communication than just language barrier and distribution channels, he talked about how direct, formal, and emotions can affect communication across various cultures which never crossed my mind. I can apply this experience to my future career if I ever have to work with people from different cultures, using RADAR profiles to compare then adapt will results me in a win-win situation between both sides. Relevantly in one of my module called Managing Across Culture, we also analyse cultural profile of people from different countries using Hofstede’s dimension. To me I understand that both have the same purpose which is to understand the importance of culture in business and general management, apply different strategies to manage business in different countries, and work effectively in a multi-cultural working environment (Soares, et al., 2007). However, I realized that RADAR profile analysis is not as deep as Hofstede’s dimension. RADAR profile mainly investigates...
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...Subject : Entrepreneurship and Business Planning (EntrepHRM) Definition of Entrepreneurship * The art of science of innovation and risk-taking for profit in business. * The practice of starting new organizations or revitalizing mature organizations, particularly new businesses generally in response to identified opportunities. * It came from the root word “entrepreneur” * French word means “entreprendre” which means undertake Common Themes in Definitions of Entrepreneurship * Individual * Innovation * Organization Creation * Creating Value * Profit or not-to-profit * Growth * Uniqueness * Process Misconceptions about Entrepreneurship * Successful entrepreneurship needs only a great idea * Entrepreneurship is easy * Entrepreneurship is a risky gamble * Entrepreneurship is found only in small businesses * Entrepreneurial ventures and small businesses are the same thing. Men behind Entrepreneurship Eighteenth Century * Early 1700s – Richard Cantillon, coined the term entrepreneur who was then used to describe a “go-between”or a “between-taker” * Late 1700s – the risk bearing concept entrepreneur was expanded to include planning, supervising, organizing, and owning the factors of production. Nineteeth Century Early part of the century – Jean Baptiste Say proposed the difference between the profits of entrepreneurship from the profits of capital ownership. Late part of the century – distinction was made between those who supplied funds and earned interest...
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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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...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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...RESEARCH IMPACT OF DEPARTMENT OF TRADE AND INDUSTRY – COMPREHENSIVE AGRARIAN REFORM PROGRAM TO AGRARIAN REFORM COMMUNITIES ASSISTED CHAPTER I THE PROBLEM AND ITS SETTING INTRODUCTION In consonance with the avowed policy of the state to promote social justice and to move the nation toward rural development and industrialization, the Comprehensive Agrarian Reform Law (RA 6657) was enacted on 10 June 1988. The law spells out the mechanism for the implementation of the Comprehensive Agrarian Reform Program (CARP) which aims to redistribute all public and private agricultural lands, including lands of the public domain suitable for agriculture. Under the program, landowners are allowed to retain a maximum of five hectares. The CARP, which is primarily envisioned to accomplish equity objectives through land distribution, also aims to address efficiency issues by increasing farm productivity. Improved farm productivity is expected to be accomplished through the adoption of appropriate farming practices and technology by the new landowners and the provision of the complementary support services. These include, among others, infrastructure support, credit, technical training and appropriate technology. The program is also designed to encourage production in idle and abandoned lands which is expected to increase overall land productivity. In view of its comprehensive scope, the implementation of the CARP involves the Department of Trade and Industry through the establishment...
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...Chap Chapter 1 1. Define Organizational Behavior. The study of individual behavior and group dynamics in organizations. The study of organizational behavior is primarily concerned with the psychosocial, interpersonal, and behavioral dynamics in organizations. 2. Identify four action steps for responding positively in times of change. (1) Have a positive attitude, (2) ask questions, (3) listen to the answers and (4) be committed to success. 3. Identify the important system components of an organization. The four major internal components are task, people, technology, and structure. 4. Describe the formal and informal elements of an organization. The formal organization is the official, legitimate, and most visible part of the organization, and this is the part that enables people to think of organizations in logical and rational ways. The informal elements of the organization are often points of diagnostic and intervention activities in organizational development, though the formal elements must always be considered because they provide the context for the informal. Part II.--Answer questions at the end of the reading listed below: Issues in Diversity Women Triumph in times of Recession – really? American women are finally in a position to surpass men in the workforce, but it took an economic recession for them to do it. The layoffs and plant closures experienced in the manufacturing and construction industries have hit working men terribly hard. Some estimate that...
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... 1. Introduction Entrepreneurship has been a widely addressed topic in the 20th century and many renowned economists have studied the subject. Schumpeter, who might be the most famous, links entrepreneurship to innovation and emphasizes on the importance of the entrepreneur in the economic development. Like Schumpeter, Clark (1899), Higgins (1959) or Leibenstein (1978) have studied the role of the entrepreneur in the society and see it as someone who identifies business opportunities and creates companies more than somebody taking risks. In 1921, Knight showed that the entrepreneur is effectively endorsing risk because...
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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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