Entrepreneurial Leadership Jacquia L. Robinson Dr. Kimberly Anthony Contemporary Business July 20, 2013 In 2002 only way one would know about Five Guys is if he/she lived in either Maryland or Virginia, or if they were visiting of course. Yet, to date, Five Guys just expanded its burger industry to the United Kingdom. In efforts to stay afloat during the current recession, Five Guys opened its business to franchising – resulting in Five Guys taking the burger fast food chain by storm
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Entrepreneurial Leadership In business, one should be goal oriented. Entrepreneurs take risks in business, trying to achieve their goal without knowing what the outcome may be. There are many ways to become an excellent entrepreneurial leader and there are resources out there to make businesses successful. While achieving profit, it is also important to help the greater cause, such as the community. Blake Mycoskie is a true definition of an entrepreneur. He has succeeded in all the business ventures
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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
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Assignment 1: Entrepreneurial Leadership BUS 508 Taura Boykin July 22, 2012 Dr. Ann Pohira-Vieth Assignment 1: Entrepreneurial Leadership Determine How Five Guys’ Philosophy Sets it Apart From Other Fast-food Chains Five Guys follows the philosophy of focusing on a few items, and serving them fresh to order. Five Guys is not your typical fast food chain for a number of reasons, one being that they limit their menu. Five Guys serves burgers made to order, which are fresh and never frozen
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Entrepreneurial Leadership Strayer University Contemporary Business BUS 508 xxxxxxxxxx xxxxxxxxx Entrepreneurial Leadership When you think about entrepreneurial leadership what is the first thing that comes to your mind? Entrepreneurial leadership is organizing a group of people to achieve a common goal using proactive entrepreneurial behavior by optimizing risk, innovating to take advantage of opportunities, taking personal responsibility and managing change within an active environment
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information and make it universally accessible and useful.” However, the company's unofficial slogan is “don’t be evil.” The company leadership style is profit-oriented. Brin asks questions like “Is this the place I would want to work if I were graduating from a doctor of philosophy degree program now?” (Deutschman) The major business principle of their profit-oriented entrepreneurial approach is choosing how to use human and natural resources; investing in equipment, machinery, and buildings; and forming
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“Entrepreneurial Leadership” Rama Aswad Dr. Mary Lind BUS508 July 22nd, 2012 Five Guys Burgers and Fries Restaurant Jerry Murrell and his sons opened Five Guys Burgers and Fries in 1986. Its first store location was in Arlington, Virginia. The whole story started when Jerry Murrell and his wife gave the choice to their four sons even to go to the college or start a business, and the sons choice was to have their own business then they make it grow year after year
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Entrepreneurial Leadership To become a successful leader in business one must possess characteristics of successful entrepreneurs. Some of these characteristics are having great vision, working with high energy levels, needing to achieve, having self-confidence and being optimistic, having tolerance for failure, being creative, having tolerance for ambiguity and having internal locus of control. (Kurtz, 2010, p.192-196). Nevertheless, the most importance characteristic of all is to have passion
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Entrepreneurial Leadership from Ice Cream Capitalists NAME UNIVERSITY Abstract In the private enterprise system, entrepreneurs are risk takers who seek to make a profit through their business. What makes them different from other small business owners is their overwhelming desire to make their businesses grow. These entrepreneurs can be broken down into many different categories based on their entrepreneurial approach. The classic entrepreneur Fred Wells founded Blue Bunny ice cream. As
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Entrepreneurial Leadership “Five Guys Burgers and Fries: Ingredients for Success” July 22, 2012 Abstract Five Guys was founded in 1986 by Jerry and Janie Murrell and their sons, all five of whom are part of the business. The first location, which no longer exists, was in the Westmont Shopping Center, and by 2002, the family ran six locations in Northern Virginia. The restaurant gained popularity among locals and visitors alike, and its franchises grew rapidly over the years. In August
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