In the contemporaneous context of extremely intense competition, a leader must be a highly skilled entrepreneur as to ensure the success of his organization. Entrepreneurship basically refers to a set of strategies implemented to change a current organization for the better or ensure the success of a starting business, all in the background of the limitations imposed and opportunities offered by the micro and macro environments and with the scope of retrieving benefits, while also assuming the risks. The current paper is structured into three primary areas, namely the key features of entrepreneurship, the initiatives of entrepreneurs and finally, a compare and contrast of entrepreneurs and small businesses, all organized under a TEE structure.
Key features of Entrepreneurs
T: Topic sentence: In order for a leader to be a good entrepreneur, he must possess certain qualities, such as internal locus of control, tolerance for ambiguity, high energy levels, awareness of passing time, the need to achieve or self-confidence.
E: Explain what it is: The internal locus refers to one’s strong belief that he is the sole person in charge of his life and faith and he alone can control it. The tolerance for ambiguity refers to the behavior of some managers in regard to uncertain or vague information and generally materializes in their openness to the information as they see it a source of future benefits. The energy levels of an entrepreneur must also be high as to ensure his commitment and efforts in succeeding. The awareness of passing time must also be increased for the entrepreneur to objectively realize and quantify the temporal limitations and achieve success within the given time boundaries. The need to achieve will stimulate and motivate the leader to increase his performances and finally, the self-confidence will reveal a strong and determined entrepreneur, who will both emphasize on his core competencies, but will also identify and strengthen his limitations.
E: Example: The business community is filled with extraordinary individuals who became successful entrepreneurs. One of them is Donald Trump, who stated that the most important thing to remember is never to lose sight of the actual goal. He stated that it is somewhat natural for successful entrepreneurs to let their guard down at times, but they should not do so, as they need to stay focused at all times. Founder and Chairman of Dell, Michael Dell, states that an entrepreneur’s success is given by his ability to take risks and invest all of his resources into a business he considers to be successful. Foremost, he must always be aware of the changes affecting the environments and he must adjust to them.
2.2 Initiatives of entrepreneurs
T: Topic sentence: The formation of good entrepreneurs does not depend solely on the personal characteristics of each individual aspiring to this position, but also on the external opportunities, most often materialized in initiatives to develop and support entrepreneurs.
E: Explain what it is: The initiatives implemented for the formation of skilled entrepreneurs are focused on multiple domains and have two primary directions. First of all, they are aimed to remove any barriers from the path to formation of an entrepreneur. This could easily refer to an increased and easier access to education or the removal of discriminatory practices. The second set of initiatives is oriented towards the specialization of the entrepreneurs and could refer to specialized courses, training or the sharpening of the senses and the skills it takes to become a good entrepreneur.
E: Example: the list of examples in the field of entrepreneurs’ initiatives is rather broad, moreover since the contemporary business and scholarly communities are increasingly focused on the role and responsibilities of the entrepreneur. The Ewing Marion Kauffman Foundation has set the basis for numerous such initiatives, the most relevant examples in this sense being offered by the Advancing Innovation Initiative, the Initiative for Closing the Gap for Women and Minority Entrepreneurs or the Urban Entrepreneur Partnership Initiative.
2.3 Entrepreneurs and Small business
T: Topic sentence: The concept of entrepreneurship has often been assimilated with the management of small businesses, however, certain particularities exist and they reveal the difference between the two organizational forms.
E: Explain what it is: The management of small businesses refers to the actions implemented in order to successfully administrate an independent small size entity. Entrepreneurship on the other hand refers to the actions taken to cease an opportunity, to research more or to implement various strategies that ensure the gaining of a comparative advantage and ensure a most successful outcome.
E: Example: The examples for the small business management in comparison to the entrepreneurship basically revolve around the features that differentiate the two, such as size, risks, sector or growth. In this particular instance, in terms of size and risks, entrepreneurships can be small, medium or large and involve fluctuating levels of risk, whereas SMB can only be small and generally face limited risks. In terms of sector and growth, the entrepreneurship can be found in all private, public or non-profit, and it is centred on high levels of growth, whereas SMB is only private and has variable growth focus.
Entrepreneurship refers to the art and science of developing and implementing the most suitable strategies with the available resources, in the given circumstances and with the present risks in the hope of retrieving the most beneficial outcomes. It can be found at every level, at every size and it is driven by innovation and determination.
Schaper, M., Volery, T., 2004, Entrepreneurship and Small Business: A Pacific Rim Perspective, Wiley
2008, Grants and Initiatives – Entrepreneurship, Ewing Marion Kauffman Foundation, http://www.kauffman.org/initiatives.cfm?topic=entrepreneurshiplast accessed on June 4, 2008
2008, Fragments of Donald Trump’s Speech, Retrieved from You Tube, http://youtube.com/watch?v=HXYURZOwbtg&feature=related, June 4, 2008
2008, Michael Dell’s Advice to Entrepreneurs, Retrieved from You Tube, http://youtube.com/watch?v=bBsCZpomy24&feature=related, June 4, 2008
Get Professional Assignment Help Cheaply
Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?
Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.
Why Choose Our Academic Writing Service?
- Plagiarism free papers
- Timely delivery
- Any deadline
- Skilled, Experienced Native English Writers
- Subject-relevant academic writer
- Adherence to paper instructions
- Ability to tackle bulk assignments
- Reasonable prices
- 24/7 Customer Support
- Get superb grades consistently
Online Academic Help With Different Subjects
Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.
Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.
While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.
Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.
In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.
Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.
We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!
We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.
Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.
What discipline/subjects do you deal in?
We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.
Are your writers competent enough to handle my paper?
Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.
What if I don’t like the paper?
There is a very low likelihood that you won’t like the paper.
- When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
- We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.
In the event that you don’t like your paper:
- The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
- We will have a different writer write the paper from scratch.
- Last resort, if the above does not work, we will refund your money.
Will the professor find out I didn’t write the paper myself?
Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.
What if the paper is plagiarized?
We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.
When will I get my paper?
You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.
Will anyone find out that I used your services?
We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.
How our Assignment Help Service Works
1. Place an order
You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.
2. Pay for the order
Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.
3. Track the progress
You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.
4. Download the paper
The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.
PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A PERFECT SCORE!!!