Guide on How to Write University Essays, Courseworks, Assignments and Dissertations

Rise of Entrepreneurship

Home
Articles Library
Medicine, Psychology and Sociology Articles
Business Articles
Economics Articles
Industry Lifecycle
Marketing Mix
McKinsey 7S Framework
Product Life Cycle
Ansoff Analysis
BCG Growth-Share Matrix
Value Chain
Porter's Generic Strategies
Scenario Planning
PEST analysis
SWOT Analysis
Porter's 5 Forces analysis
Sitemap
Comments about this web site
Favorite Links
How to write an Essay
How to Write the Coursework or Report
How to write the Marketing or Marketing Communications Campaign
How to write the Dissertation
Where to start?
How to choose an area of research
How to define Issue or Argument
How to define Issue or Argument
How and where to review the literature
Research Methods
Dissertation Structure
Some tips to survive your dissertation: some predictable crisis
Important tips to succeed the dissertation
Databases of Academic Journals and Publications; Market Data
Essay Sites
Student Tricks
Exam Preparation Tips
Company-Based Reports
BALANCED SCORECARD
Critical Success Factors
Competitor Analysis
Review

The word ‘entrepreneur’ was derived from French words ‘entre’, which stands for ‘between’ and ‘prendre’, which means ‘to take’. The word was originally tagged to people who take on risk between the buyers and sellers or start a new venture (Barringer and Ireland, 2006). However, in the contemporary business, the essence of the entrepreneurial behaviour is identifying opportunities and putting useful ideas into practice. Therefore entrepreneurship can be defined as the process by which individuals pursue opportunities without regards to resources they currently control (Barringer and Ireland, 2006, p5).

 

In recent times entrepreneurship has attracted a lot of attention and is seen as an attractive career path, which has resulted into a barrage of literature and research into the subject of entrepreneurial behaviour (Papers4you.com, 2006). This is evident in the fact that Amazon.com holds nearly 5,800 books that deal with one or the other aspect of entrepreneurial behaviour (Barringer and Ireland, 2006). However, most of the literature is repetitive in nature describing the same personal qualities of passion for business, tenacity despite failure, execution intelligence etc. This coupled with a flurry of women entrepreneurs like Anita Roddick of the Body shop sometimes ends in a debate about women being better equipped with the qualities of being an entrepreneur. On the other hand, it is increasingly becoming apparent that while opening a business is easy, the real challenge is to keep the business open. This is evident in recent statistics provided by the Global Entrepreneurship Monitor (GEM) suggesting that 20% of the new firms in the US failed in the first year itself (Barringer and Ireland, 2006).

 

However, the significance of entrepreneurial activities to economic development is immense as the fundamental requirement for an entrepreneurial start up is a new and innovative business idea (Papers4you.com, 2006). Schumpeter was the first one to recognise that new technologies and products developed by the entrepreneurs will over the time make current technologies obsolete, terming is as ‘creative destruction’ (Welsch, 2005). The whole entrepreneurial process goes through a few common steps vis--vis deciding to become an entrepreneur, developing a successful business idea by doing a feasibility analysis, industry analysis and coming up with an effective business model.  After a business model has been drafted the next step would be to move from an idea to an entrepreneurial firm, which would include assembling firms initial management team, get a sound financial back and writing a business plan which would help draw the finances. The last and the final step would be to manage the firm to ensure sustained growth (Barringer and Ireland, 2006).

 

Entrepreneurship is hence a long journey through the steps mentioned above and requires skill and qualities to execute them successfully. However the belief that ‘entrepreneurs are born, not made’ is a myth and a through knowledge of the field would enable a smoother journey.

 

References

 

Barringer, B and Ireland, R. (2006). ‘Entrepreneurship: Successfully launching new ventures’. Prentice Hall, New Jersey.

 

Welsch, H. (2005). ‘Entrepreneurship: the war ahead’. Routledge, London.

 

Papers For You (2006) " P/B/604. Theories on entrepreneurial behaviour", Available from http://www.coursework4you.co.uk/sprtbus34.htm [18/06/2006]

 

Papers For You (2006) " P/B/423. What are the origins of entrepreneurial behaviour?", Available from http://www.coursework4you.co.uk/sprtbus34.htm [17/06/2006]

C/B/735. British Petroleum Business Strategy

C/B/721. Microsoft Corporation: Antitrust Rulings, Entrepreneurship and Globalisation

C/B/626. Entrepreneurship potential with hospitality industry

C/B/594. Managing control as well as fostering entrepreneurship in businesses. Case study of Apple

C/B/575. Equilibrium between Control & Entrepreneurship: the Case of GlaxoSmithKline

C/B/513. Small business owners vs. Entrepreneurs

S/B/155. Female entrepreneurs in UK

E/B/177. Young entrepreneurs

E/B/155. Profiles of successful entrepreneurs

P/B/793. Theoretical approaches to entrepreneurship

P/B/783. Entrepreneurship and entrepreneurial firm

C/F/129. Buying existing business: case study

P/B/700. Are there psychological predictors of entrepreneurial success?

P/B/604. Theories on entrepreneurial behaviour

P/B/427. Growth of small businesses: roots and effects

P/B/423. What are the origins of entrepreneurial behaviour?

P/B/411. Personal characteristics of entrepreneur

P/B/410. Dissertation. Obstacles to intrapreneurial activity in larger companies

P/B/391. Man and wife in family business: problems and solutions

C/B/271. Women Entrepreneurs: Literature Review

S/B/87. Spin-out Management: Theory and Practice

C/B/265. Nokia business strategy analysis

P/B/340. Women Entrepreneurs

C/B/222. The Cambridge Phenomenon: Entrepreneurship, Innovation and Economic Geography

P/B/245. Dissertation: Entrepreneurial Behaviour and Motivation in Franchise Organisations?

P/B/242. 'Enterprising acts… are generally acts initiated, or led by, individuals. Those individuals are said to display enterprise'. (Bridge et al.,2003 p.58). Therefore, are all small business owner-managers entrepreneurs? Critically evaluate this proposition with reference to practical cases and examples.

P/B/194. Compare and contrast the attributes, the working ethos and the management style of entrepreneurs, infopreneurs and intrapreneurs

P/M/216. Entrepreneurial management: analysis of how some people have become great entrepreneurs using their ability of entrepreneurship

C/B/124. Personal development of an entrepreneur

P/B/184. Entrepreneurship and SME in UK

P/B/162. Dissertation. Examination of entrepreneurship strategies: Starters Vs Acquirers

P/B/147. Market-Entry and Competition: A Discussion of Strategies available to Entrepreneurs

P/B/135. "Entrepreneurship is just a fashionable way of describing business practices in smaller organisations; it has no theoretical depth and anyway is largely ignored by small business owners". Discuss.

Enter supporting content here