Category Archives: Entrepreneurship

Management skill and strong team building abilities are often perceived as essential leadership attributes[3] for successful entrepreneurs. Robert B. Reich considers leadership, management ability, and team-building as essential qualities of an entrepreneur. This concept has its origins in the work of Richard Cantillon in his Essai sur la Nature du Commerce en (1755) and Jean-Baptiste Say[4] in his Treatise on Political Economy.

Psychological studies show that the psychological propensities for male and female entrepreneurs are more similar than different. A growing body of work shows that entrepreneurial behavior is dependent on social and economic factors.

For example, countries with healthy and diversified labor markets or stronger safety nets show a more favorable ratio of opportunity-driven rather than necessity-driven women entrepreneurs. Empirical studies suggest….

The process whereby old sources of competitive advantage are destroyed and replaced with new ones is referred to as creative destruction. Entrepreneurship by its very nature makes old knowledge redundant and introduces new knowledge through innovations so that firms could further develop and/or sustain competitive advantages.

In this context the spirit of the entrepreneur will always be needed, because the ability to see things differently is precisely at odds with things as they are. The key implication is that entrepreneurial insight is something non-rational which means that although knowledge and rational calculation might be available, there will always be a demand to go beyond the planned and the calculated, or at least to take an unorthodox and unconventional perspective.

According to….

The person I chose to interview is the owner of the company at my current place of work. Larry Godwin is the owner of Godwin Company, Inc, which is a forklift and golf car sales, and service company. Larry worked on his family farm growing up in Arkansas after leaving school in the fourth grade and then moved to Indianapolis when he was 18 years old and began working for a fan company. He got an opportunity for an apprenticeship position at a tool and die company doing mainly forklift repairs.

After that he went to work for Westinghouse, rebuilding electrical equipment, doing machine work, and maintaining their forklifts. He then decided to work for Kidney-Wood, a tow motor distributor, where he was a road….

One of the best book by Rashmi Bansal narrating a story of 25 successful entrepreneurs from IIM- Ahmedabad. The book inspire young graduates to think beyond placements and salaries and to believe in their dreams. It is not the stereotype self help book. Some of the inspiring stories which inspires me most.

Naukri.com: Sanjeev Bikchandani The reason for starting his company was independence. As an MBA from Ahmedabad he could have worked for any multinational companies, but he did not want to be prisoner of his visiting card and the logo on it.

He has seen many ups and down in his career but never lost his hope. It is the persistence that makes him successful and it inspire many of us. I….

2. In Andrea’s case I would advise her to look at her options. She must look into the benefits and the drawbacks of staying within the company and transferring departments, or taking her redundancy package and starting up her own business. She should assess and measure the opportunity. Not only banking on the government authority as her only customer she must analyse if other customers are reachable. She must assess is if her market potential and annual growth is could be significant and durable.

She might also measure if the customer payback would be less than one year, and if she would break even within the first 2 years. Andrea should also assess her competition and see if she can compete and provide her services….

On January 26, 2011, health care conglomerate Johnson & Johnson announced that earnings had declined in the fourth quarter of the previous year, and lowered its estimates for its earnings for 2010. The firm claimed that the weaker results could be attributed to the depressed economy and to a string of product recalls. Sales figures do indicate that Johnson and Johnson has clearly been hurt by 17 recalls since September 2009, covering several over-the-counter medicines, a batch of contact lenses and some hip replacements.

The most serious problems have surfaced at McNeil Consumer Healthcare, which has had to recall many of its products, including one for an estimated 136 million bottles of children’s Tylenol, Motrin, Benadryl and Zyrtec – the biggest children’s drug recall….

Working for yourself is the American dream. Most employees have dreamed of being their own boss, and it has many benefits, but there are a few disadvantages to it as well. Advantages of working for yourself are that you are responsible to yourself. Your destiny is in your own hands, as well as your financial future. You determine how much work you do, when you go to work, when you quit for the day, when you take a vacation, how long the lunch break will be, and if you really want to put up with a grouchy customer.

The business is in your hands and you decide. Instead of griping about the bad advertising campaign that corporate came up with, you decide on an advertising campaign yourself…..

I’ve been an entrepreneur most of my adult life. Recently, on a long business flight, I beganthinking about what it takes to become successful as an entrepreneur–and how I would even define the meaning of success. The two ideas became more intertwined in my thinking: success as an entrepreneur, entrepreneurial success. I’ve given a lot of talks overthe years on the subject of entrepreneurship. The first thing I find I have to do is to dispelthe persistent myth that entrepreneurial success is all about innovative thinking and breakthrough ideas.

I’ve found that entrepreneurial success usually comes through great execution, simply by doing a superior job of doing the blocking and tackling. But what else does it take to succeed as an entrepreneur, and….