1. PERSONAL CHARACTERISTICS The concept of entrepreneurial individuals with distinguishing characteristics is central to entrepreneurial theory. The characteristics are as follows: I. THE NEED TO ACHIEVE It is the motive to do well and to achieve a goal to a set of standards. In his work in economic development, McClelland identified the need for achievement as a personality trait. (Dollinger 1995: 48-49). McClelland proposed that achievement motivation is the key to entrepreneurial behavior. Early
particularly successful. With a budget of less than NT $ 10,000, we had 264 early customers in just three weeks. This experience helped me gained more profound understanding of the process of entrepreneurship and marketing details. I also recognize the importance of "online startup" and "marketing." After completing Bootcamp's course, I joined the digital advertising industry as a salesperson in order to develop my knowledge of online entrepreneurship and improve my business communication skills. I worked
never fear the multiple failures for it only multiplies your knowledge. Chapter 1 Genesis of Entrepreneurship It all starts with The Exodus. In ‘The New Entrepreneur’s Bible’ Exodus precedes Genesis. Ironic isn’t it? ‘The New Entrepreneur’s Bible’ The journey of The New Entrepreneur begins with an Exodus. The Genesis of Entrepreneurship is the commencement of leaving a safe and secured place, for a barren land with vast sand dunes and rocky hills without visible prospects of life, prosperity
team orientation can unite people through training group consciousness. 3. Motivation In order to make the team become better, members need to make their own progress. Motivation makes them more confidence, help them make progress in a short time. 4.
literatures to develop this research paper, although, I was impressed from the story of male Indian entrepreneur (Late Dhirubhai Ambani), which made me emotionally snooping to know about how he had been a winning entrepreneur. In the very beginning time as narrated in the story, he started his business from a tin of groundnut. In the beginning, he purchased some amounts on credit from one of local wholesaler, and he sold in retail on the roadside. Then, he got a few amount as profit that encouraged
ABSTRACT Women entrepreneurship is gaining importance in India as different policies for economic liberalisation and globalisation are coming into picture . implementation of various policies to develop entrepreneurial skills and training has widen various opportunies for women However, women constitute only one third of the economic enterprises but social and economic development of women is very necessary in order to develop overall economy. Indian government has also introduced National Skill
It should be no surprise that women leaders are the fastest-growing segment of self-employed entrepreneurs. Also flexi working hours, work from home options are luring women towards entrepreneurship. Entrepreneurship is considered an important driver of economic development and growth in many economies. Apart from the general diversity in entrepreneurial practices, there appear to be significant differences in the characteristics of male and female entrepreneurs. Women entrepreneurs tend to own smaller
family or the other (Kuratko and Hodgetts, 2004; Lam, 2009). Davis and Harveston (1998) suggested that family businesses are the most dominant form of business in the United State and they represent nearly 90% of the total businesses in U.S.The importance of family business are visible especially in employment generation, economic growth, transformation and wealth creation. Kuratko et al., (2004) reported that family business generates
boss. This is given most commonly. This doesn’t mean, however, that entrepreneurs are difficult to work with or that they have trouble accepting authority. On second thought, many entrepreneurs want to be their own boss because they have had a long-time ambition to own their own firm. Apart from that, they have become frustrated working in traditional jobs. The type of frustration that some entrepreneurs feel working in conventional jobs is exemplified by
Cash flow rights refer to who gets paid what fraction of the profits of the venture and at what time. Cash flow rights may be contingent in the division of profits depending on states of nature (bull versus bear economic conditions) and actions taken by different parties (both the entrepreneurs and the investors), which will affect the value of the