Drawbacks Of The Entrepreneurship Commerce Essay

Drawbacks Of The Entrepreneurship Commerce Essay First of all, the assignment describes about what Entrepreneurs are by explaining their roles and responsibilities. Secondly, the benefits and advantages occurred by Entrepreneurship are going to be discussed. Thirdly, the downsides or disadvantages arose should be argued according to the literature reviews. Last but not least, some recommendations would be added to cover up that dark side of Entrepreneurship. At this point, many literature reviews are applied and deliberated in order to evaluate for the difficulties or obstacles of Entrepreneurship. What are Entrepreneurs? Baumol (1990) defines that Entrepreneurs are persons who are creative and imaginative in finding ways and add them to their own wealth, power and prestige. Entrepreneurs innovate and introduce new quality of good which consumers are not familiar yet. Besides, they often launch new method of production and new market which have not been tested and existed before yet. Moreover, they also bring new source of supply of raw material or half manufactured goods. Likewise, they create monopoly position which is the carrying out of the new organisation of any industry. Baumol (1990) proposes that it is important to differentiate between two primary types of entrepreneurs to understand how economic development occurs. The initiation entrepreneur is responsible for unprecedented economic growth during 19th and 20th centuries; creating new products, new productive technologies or procedures which has not existed before. Whereas the imitative entrepreneur is for economic advancement in developing countries today, where there is a more widespread and occurs after initiating have successfully demonstrated the utility of their innovation product or process. However, Hannafey (2003) believes that Entrepreneurs take part in economic tasks that increase employment, create new organisation and perform other business activities. Nevertheless, Stanworth and Gray (1991) add that entrepreneurs examine situational or contextual factors such as socio-economic structures and influence the wider economy by enterprising culture in the locality. Benefits of Entrepreneurship Wickham (1998: 34) in Kirby (2003: 28) suggested that being the Entrepreneurs is relates to the creating and managing vision and linking those vision to other people, by representing leadership, encouraging people and being effective in getting people to agree the changes. Moreover, it concerns with the profit-making activities and which are to aid five functions such as. Innovation and change New venture creation Business growth Job generation Regional development. The participating of Entrepreneurs to the economy and society encounters the convention and expose the ways of thinking and behaving that were not occurred before. Advantages of Entrepreneurship Importantly, the benefits of a business venture that would occur when an owner launches a new business should be considered. Zimmer and Scarborough, 2002 indicate that Entrepreneurs create an opportunity for themselves. Likewise, Entrepreneurship, a perfect opportunity for business owners to contribute to society, creates the benefit for the owner of a particular business to make a difference which happens through opportunities that are crucial to the owner. Significantly, Entrepreneurs observe the limited natural resources effectively and combine their concerns with social issues. Besides, Entrepreneurs inaugurate a market potential for their innovation and lead customers and sell the venture to investors. Shane, 2000: 448 establish that Entrepreneurs have the ability to recognise new knowledge to exploit new products and technology including knowledge of customer problems and knowledge of technology known as Entrepreneurial opportunity. Therefore, this opportunity may lead to better understanding of the new knowledge or technology for innovation. Drawbacks in Entrepreneurship Even though innovations create the new opportunities, radical or disruptive innovations could be occurred the industries into a higher risk (Rae, 2007: 79). Entrepreneurs possess personal traits and behaviours which could harm their roles as managers or workers (Vries, 1985: 160). Thus, Entrepreneurs are often known as risk takers (Wickham, 2004:194). Since, the new products demand, the activities of the competitors and government interventions are not overwhelmed by the Entrepreneurs, they sometimes need to manage the risk and make a right decision for the uncertainties (Wickham, 2004: 195). Thus it is crucial for owners to establish a particular business activity although they sometimes create drawbacks in entrepreneurship due to the following reasons. Life cycle of the business venture Nieman et. al., 2003 mention that the stages of entrepreneurial development can sometimes fail due to the life cycle of the business venture. Figure 1: Stages of Entrepreneurial development Entrepreneurs can only harvest in the pre-start up stage, because they have competition with other industry. This competition creates potential threat which they could not resist therefore; they buy the patent to protect their business. In the start-up stage, Entrepreneurs face with an increasing risk and potential for business failure because market demand is not very certain and the profits are less. Nevertheless, most Entrepreneurs are likely to harvest and sell the venture based on the current performance in the growth stage. However, in maturity stage, sales and profits decline and there are many competitive pressures in the distribution elements. Finally, during the decline stage, sales and profit decrease rapidly due to the poor strategic positioning in business prospect of Entrepreneurs. Since Entrepreneurs cannot classify and distinguish new process opportunities, most of them do not retain chances along with the technology changes. (Kirzner, 1973). The failure of new small firms Most entrepreneurs are creative and they process new ventures. Albeit, not all the entrepreneurs create the ventures and they are not managed by the entrepreneurs. However, Scarborough and Zimmerer (2003) in Kirby (2003: 35) stated that the most common reasons of the failure of the new ventures are because of the managerial incompetence, nonexistence of experience, low financial control, absence of strategic management, incorrect or inappropriate place, having not enough inventory control and failure to create the entrepreneurial transitions or changes. Starting up business requires a great deal of dedication and discipline therefore, in order to build a successful business; entrepreneurs might face many various obstacles which become impossible. Making wrong decisions A manager could not have detailed knowledge of probabilities of what might happen in the future, thus a decision could become uncertain. Thus, they might accept various rules according to minimise their greatest loss or maximise their least return (Wickham, 2004:196). Moreover, sometimes the decisions could become ambiguity where it sandwiches between uncertainty and risk which has indefinite chance. Poor quality of the analysis for Business plan Importantly, meeting a clear business document plays a vital role in organisations. Nowadays, most Entrepreneurs face with some difficulties when setting a business plan for creating poor quality ones. Further, business plans are not describe back even though Entrepreneurs get funding through achievements. Thus, the opportunities become failure while occurring to the business to alter according to its environment. Additionally, there should be not only clear mission statement but also precise objectives in the business. The reasons why Entrepreneurs fail today are not because of unclear business plan but because of uncertain goals and mission statements for their business. Without the following facts, a business would not meet its mission statement. One reason might be due to the absence of unique sales proposition (USP) that creates consumers to buy from the business and differentiates a business from its competitors. (Kirby, 2003: 237). Additionally, Entrepreneurs create a poor mission statement; long and confused to remember and not setting a clear one which is easy to memorize. That is why; neither customers and the staff nor themselves can recall their memory but fail to meet businesss goals and aims. A range of Ethical problems Hannafey (2003) describes that Entrepreneurships encounter ethical problems that are dissimilar from other business men because they introduce new technology and innovate business techniques that they are the first to encounter new ethical dilemmas where the demand of innovations could be complex in Entrepreneurial environments. Powell (1990) thinks that there is an abundance of opportunity for low-order Entrepreneurship because so many basic needs are unsatisfied in developing countries. In addition, the Australian economist Joseph Schumpeter outlines that Entrepreneurship creates and destroys economic structures in the economy. Hisrich (1998) suggests that Entrepreneurship demonstrates stronger ethical perceptions about their relationship to the businesses in which they were involved. Longnecker et. al (1998; 27) comment that Entrepreneurs are stricter in sometime when they do ethical judgements. Thus, personal characteristics of individual Entrepreneur affect the ethical perspectives and business decision makes a major topic in literature. Chau and Siu (2000; 370) suggest that entrepreneurs both inside and outside of organisation are required to manage others viewpoints and to resolve moral conflicts. The competitive market pressures will harm Entrepreneurs viewpoints on ethics. Dees and Starr (1992, 89) note that Entrepreneurs usually encounter promoter dilemmas because they must win the customers, investors, bankers, suppliers to support the risks and uncertainties of the new enterprise. Promoter dilemmas include uncertainty over how much detailed information to convey about the risks of a venture. Moreover, Entrepreneurs great optimism and enthusiasm may limit his/ her ability to distinguish and make judgements about potential ethical problems. Additionally, Entrepreneurial innovations can bring complex negative externalities that may need society to re-examine certain norms and values. Legal considerations There are a lot of challenges from different legal and regulatory environments. In order to handle the going international, an Entrepreneur needs to have not only an overall intelligence of legal system of the country but also a legal counsel to handle specifics. If they have lack of understanding of intellectual property, they might be unable to remember and protect the assets such as patents, trademarks and copyrights. Furthermore, they must understand taxes, liability and interest in the particular country and aware any regulations that might affect the new venture (Hirich, 2010). Risks Kuratko (2009) states that once Entrepreneurs start or buy a new business, they usually face with the greater risks. The researchers note that Entrepreneurs risk- taking activity is due to the typology of Entrepreneurial styles. The figure 2 explains about the level of personal financial risk and the level of profit motive which means whether Entrepreneurs try to gain monetary or return from the venture. Simply, they need to consider how to maximise the profit or minimise the risk. In the activity seeking part, Entrepreneurs find out independence or the work of the venture that are known as the Entrepreneurships activities. On the other hand, the theory argues that the relationship between risk and financial return creates Entrepreneurs different from one another. It is noted that Entrepreneurial risk sometimes can be regarded as a complicated issue. Figure 2: A Typology of Entrepreneurial Styles However, their ego could meet numerous risks- financial risk, career risk, family and social risk and psychic risk which are more than a simple economic risk (Kuratko, 2009: 40). Financial risk Entrepreneurs stand significant portion of his/ her savings to other resources at stake. They could meet financial obligations since there is no assurance of a steady income. The money will be lost if the venture fails. Moreover, they need to sign personally on company obligations that exceed his/ her personal net worth. Additionally, there would be personal bankruptcy since they are not enthusiastic to leave their personal belongings and start a new business. Career Risk Entrepreneurs have worries on whether they will discover a new job or continue back again their former ones if their ventures fail. This becomes most important worry to those who have a secure organizational job with a high income and good benefit package. Family and social risk Entrepreneurs may need to spend their energy and time which may occur incomplete family experience and permanent emotional scars. Dees and Starr (1992: 98) agree that entrepreneurs encounter various relationship dilemmas which may lead to complex ethical problems because roles and relationships change from their pre-venture to their post- venture status. Entrepreneurs might face Relationship dilemmas since they could not plan for get- together time to meet up with old friends and which may vanish their social relationships. Psychic Risk Most entrepreneurs suffer financial disasters that are difficult to recover immediately. This mental ability could harm to the well- being of the individual. High level of Stress When work demands and expectations exceed entrepreneurs abilities, they experience stress. That is because they have to take full authority for their business and their decisions have a direct impact on whether the business may be successful or fail (Zimmerer and Scarborough, 2002). Failure of a business may cause financial ruin and create intense levels of stress and anxiety. Among the four causes of entrepreneurs stress, Boyd and Gumpert (1983) comment that loneliness could happen to entrepreneurs because they spent long hours of work and not participating in social activities. Also, Entrepreneurs are immovable with their numerous works thus; they have no involvement in extra curriculum activities such as spending social gathering party or go out for recreation which is due to the immersion in businesses. Additionally, there would be irreconcilable conflicts and people problems when Entrepreneurs become exasperate and disappoint not only when they manage the employees performance standards but also encounter conflicts with customers and professionals. That is because; Entrepreneurs are enthusiastic to achieve the goals and never satisfied with their work as they are worry that their competitors might come in if they slow down the business. Hence, in order to recover those stress and tensions, firstly, Entrepreneurs should manage networking with other business owners. Moreover, it is necessary to seek out the satisfaction outside the company. Secondly, they should go for short vacations to have better relaxations. So they could build a better communications not only with their employees and staffs but also with their clients and customers. Conclusions To sum up, Entrepreneurs will be gradually important in global economic life. Nowadays, the activities done by Entrepreneurs become crucial to the global economy. Therefore, it is important for Entrepreneurs to have carefully designed and carry out executed research on the ethical dimension. However, new research with a global focus is needed to find out more about how Entrepreneurs deal with ethical issues across different cultures. Hisrich (1998) suggests that Entrepreneurship ethical standards on individual Entrepreneurs may overwhelm by the core values of family members, teachers in early life. Business professionals and ethics may seek to develop norms of behaviour for specific kinds of entrepreneurial moral dilemmas. Last but not least, it is vital to study why persons become entrepreneurs and how these motivations affect or influence their relationship to their organisation they create -that will provide a deeper understanding of the moral perspectives and behaviours of entrep reneurs. The total word count is 2420 (excluding cover page, content page and references).

Why Smoking is Bad for You

Did you know that the primary cause of death around the world is smoking? Are you aware that every cigarette you smoke reduces your expected lifespan by eleven minutes? And that 4. 9 million people world wide dies as a result of smoking? Smoking Is a common and popular occurrence and also responsible for approximately ninety percent of lung cancer deaths. Smoking is a bad habit and is also very hazardous to those who don't smoke. So, before you act heedless, stop and think about what smoking will do to you and the people around you. Smoking cigarettes is a commonly pastime in the United States.At almost ever super market or gas station there are ads encouraging you to buy cigarettes. Which the smoke from the cigarettes contains over seven-thousand chemicals, sixty-nine of them are known to cause cancer which eventually lead to your dead. There are kids getting Influenced by these ads. Smoking Is abhorrent because it's not good for you health, not only good for your health but does as much damage to the ones around you, and It also makes drastic changes In your appearance. One of the many reasons why I think smoking is bad for you is obviously because of al the health problems smoking causes.From smoking just one cigarette can lead you on your way to cancer because of the nicotine it contains. Nicotine does not cause cancer, it is an addictive drug. This can eventually make you go from one innocent smoke to multiple smokes, which then leads you to being an addict and from addict to patient with lung cancer. In other words your death sentence and I know you don't want that for yourself. In a way by smoking you encourage cancer. Because you know what cancer can lead to so Instead of wasting your money on a cancer suck you should donate It to find a DOD cause, for Instance finding a cure to cancer association.You may say â€Å"But smoking helps me when I'm stressed out† or â€Å"Smoking makes you look cool† please no disrespect but please keep your tr ap shut. If you're stressed find something besides smoking, find a hobby, go for a run, and make a plastic of your favorite songs that help you stay calm, or eat if that helps you and for smoking being ‘cool' do you think its cool when there are infants who breathe second hand smoke and causes them have weaker lungs than other babies. Do you think it's fair? Or do you think is so ‘cool' hat there is patients painfully dying in hospitals because they decided to smoke and now are suffering the consequences?If you do please think again its not cool or funny It Isn't safe for yourself or others around you. Now please stop Influencing smoking and realize how smoking Is a major Issue because It affects you and your loved ones. When I think of smoking I think of all the different ways people can make a change in this situation instead of encouraging it. Please think before you decide you need another cigarette to release some stress or because others think your cool Just becaus e you smoke something so harmful.

Things You Should Know About Reading Analysis Essay Samples

Things You Should Know About Reading Analysis Essay Samples Reading Analysis Essay Samples Help! Fortunately, you can learn how to craft a good essay if you may stick to the normal pattern and write in a very clear and organized way. All that information typically provides the reader a more in-depth grasp of the poem, and it appears self-explanatory that a person who has an improved comprehension of the poem would have a less difficult time conducting an analysis of that poem. A rhetorical analysis essay example utilizing ethos, pathos and logos will serve the intent of assisting you to know how to compose this form of essay. Additional it's also wise to check if the evidences you're using are not fake. The school occupies a decent amount of time, and it's often challenging to deal with a work along with your educational requirements. Order top-notch essay at this time and certified specialists will do their very best to supply you with higher quality at affordable price. 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Reading Analysis Essay Samples - the Story The aforementioned tips are certain to help you compose a decent analytical essay. As a way to compose a book analysis paper, it's necessary for you to read the book. Comparative Reading Analysis There are various tactics to analyze every bit of that which we read. After writing the whole essay, have a short break and reread it from front to back. No matter if it's right or wrong, the facts have to be analysed and reasoned in the suitable way. Thus, for your convenience, you have a superb chance to monitor the development of the assigned writer and make sure an essay will be ready in a timely method. I n summary, such an essay requires you to examine the smaller regions of the work to help shed light on the bigger picture. Same scenario as proof your essay is beneficial in developing a new comprehension. You will shortly locate the official data about us. The info will aid your reader understand the essence of the job under analysis. In order to comprehend how to do the writing, you will need to grasp the textual analysis definition first. The point of your introduction is to have the reader interested in your analysis. The Ultimate Reading Analysis Essay Samples Trick Writing a rhetorical essay calls for a high level of literacy and the capability to analyze the usage of language. The specificity of the formats and the details needed to compose an excellent analysis is something which college students may not have enough time to master with so many different things to take care of. As a consequence, such students search for the best essay help to make certain that their project is going to be produced at the maximal level in accord with all academic standards. Most students think that it is fine to cheat because they understand that others around them are doing it also. What You Don't Know About Reading Analysis Essay Samples Movie essay writing can be a rather interesting assignment since you don't need to devote hours and hours into research work. Writing a literary analysis paper expects that student examine specific features of literature work. Anytime you've got to compose a timed essay, you should start with a frame depending on the parts below. On the 1 hand, you may also take a look at our Argumentative Essay templates to help you begin on your position paper.

Women s Rights Of Women - 1587 Words

People have been fighting for rights for many years now, from women to men, from blacks to whites, from animal cruelty, and the list goes on forever. At time the struggle of women’s rights extended way beyond what some may think. Women wanted the right to own property or get the chance to vote. Women had to fight for their individual right and to secure an education and the women had to plan their families and control their lives. In the early 1800s, women were second class citizens. Women were expected to restrict their interest to the home and the family. Women were not allowed to keep an education or pursue a professional career. They did not have the right to own their own property after marriage and they get to keep their own wages, or sign a contract. Women exercised the right to vote in the American colonies in 1776. The state had rewritten their constitutions to prevent women from voting. Thousands of women were involved in the movement in the 1830s prior to slavery. T he movement became interested in the women’s rights for many reasons. The national women party took the lead in the late 1940s and 1950s as the center of a structured women’s rights movement. A wide variety of groups and individuals contributed to the opinions and beliefs that change in the status of the women. The women rights movement came to a small group of organizations that saw themselves as the suffrage movement. There are groups and networks of women that was part of the women’s rightsShow MoreRelatedWomen s Rights Of Women Essay1455 Words   |  6 Pagesa myriad of women have expressed through outlets such as public assemblies, literature, and speeches. There have been three waves of the women’s movement, each targeting a variety of issues within each era. The third wave was in 1995, where Hillary Clinton spoke in Beijing, China, claiming that women’s rights were the same as human rights, that every aspiring girl deserved the civil libert ies that every man was given around the world. Moreover, the movement had shifted towards women in developingRead MoreWomen s Rights Of Women1265 Words   |  6 Pagesstands in the way of women being equal to men? Journalist Carlin Flora suggests the following, â€Å"While not all claims to humanity are universal and no one context, culture or continent can truly represent all peoples, the following three examples from very different contexts, cultures and continents show that some violations of women’s human rights are universal. In particular, it is still the case the world over that a woman’s reproductive rights, which impact on her right to life, are still seenRead MoreWomen s Rights Of Women881 Words   |  4 PagesTwenty –first century ladies are discovering it a daunting task to keep up both sexual orientation parts as an aftereffect of the women s activist development. They are presently assuming liability for both the supplier and the nurturer, batt ling like never before to acquire and keep a superior personal satisfaction. Woman s rights has supported in equivalent vocation opportunity, battling to get ladies acknowledged into the employment advertise, and what initially began as ladies strengtheningRead MoreWomen s Rights Of Women Essay1647 Words   |  7 Pagesthe early 1920’s, women thought they had achieved the unachievable. They could finally work, keep their earned wages, marry whomever they please, and even vote. After reaching their goal and fighting vigorously, women could taste equality and the freedom they deserved. While women still have the right to work in today’s society, women are not exactly treated equal in the workplace. Regardless of the past and the extreme measures taken to ensure equal opportunities for both men and women, there are manyRead MoreWomen s Rights Of Women1590 Words   |  7 Pagesthe 1920s, women were ignored in every aspect of their life. From politics, to social situation s, women were constantly looked at as lesser. The 20s was a decade of women ready to fight for their rights. From gaining social freedoms, to getting political rights, the 20s was the first decade of feminism. Many women played key roles in the fight for women s rights through speeches, marches, and much more. The women that fought for their rights in the 1920s completely changed how women live their livesRead MoreWomen s Rights Of Women1230 Words   |  5 PagesWomen’s suffrage has stretched from the 1800’s to present day, as women have struggled to have the same civil and constitutional rights as men in politics and be appreciated as equals in the workforce. Groups of women known as suffragists questioned the customary views of women’s roles. Eventually our nation has evolved and realized that male-controlled societies suppress women’s rights. From the beginning steps taken in 1850 to 2013 with women earning combat roles in the military, womenâ€⠄¢s rolesRead MoreWomen s Rights Of Women1206 Words   |  5 Pagesto speak of women and the role of women in this election, the subject of women is tiresome but necessary in a world where gender is still existent as an obstacle for most. I cannot identify what woman is. I am basing my definition from our modern understanding of woman, our general view, and the popular experience. People are using younger women voting for Bernie Sanders as proof of gender’s irrelevant in this election, that women have achieved their rights. Even if women ‘have rights now’ it doesRead MoreWomen s Rights Of Women1393 Words   |  6 Pages Women all over the world are being treated different than men. Iran is one of the places that women are being treated the worst. From restrictions to punishments, women in Iran are being treated with no respect, and that is not okay. Women’s rights activists have tried to get it to change, and have traveled to many places to try and get more people to join their movement. There are many issues with women not having the same rights as men. One of the main problems is that they are treated lessRead MoreWomen s Rights Of Women1272 Words   |  6 PagesThroughout history, women have fought a strenuous battle for equal rights. Many men, and even some women, all over the world believe that women do not share the same value and importance to society as men do. On September 5, 1995, Hillary Clinton spoke at the 4th World Conference on Women, on behalf of women all over the world. Clinton raised awareness on how women s rights are being violated and why it is important to recognize women s rights as equal to everyone else’s rights. Even today, in 2016Read MoreWomen s Rights Of Women1052 Words   |  5 PagesThe family has traditionally been the basic unit of Chinese society where women have long been charged with upholding society s values in their roles as wives and mothers. Especially in the Qing Dynasty, women were required to balance society s i deals with the reality of raising a family and maintaining a household. Throughout the imperial period and into the beginning of the twentieth century, the relationship among family members was prescribed by Confucian teachings. The revered philosopher