Entrepreneurship management and leadership

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Entrepreneurship:After I read the most of references, I acquire that there are different definition for what’s the entrepreneurship. According to Kirzner’s theory, the following compilation of roles assigned to the entrepreneur by various economic theorists:bor service is specificAs an entrepreneur, he also need some staff to help him to finish their goal. Therefore, the entrepreneur needs a specific kind of labor service to attract customers’ eye, and gain more market share.2.Assuming the riskRisk should be assumed, because everything should be considered before it happened. It is possible to entrepreneurs to prepare something they can expect.3.InnovatorIt is necessary for the entrepreneurs to be innovator; they need specific service, new idea and new product. But to be an innovator is not enough, many things are waiting for the entrepreneur to deal with.4.ArbitrageurSometimes entrepreneurs focus on short-term opportunities, which is possible from stock or currency market. Generally, these kinds of opportunities are low risk.5.Coordinator, organizer, or gap-fillerAs I wrote, entrepreneurs also need to be a coordinator and organizer sometimes. It is quite hard for human being to run a company or a firm by himself; they need human networking and cooperation. I think, it is necessary that an entrepreneur is good at coordination and organization, because entrepreneurs need manage staff well and make them motivated.6.Providing leadershipLeadership also is necessary, for entrepreneurs need lead a team to reach their goal. Without this, just like no-leading army which would be defeated7.Exercising genuine willDuring their business, most of entrepreneurs might confront with difficulty which they need conquer them. In this way, they would make their will more genuine.8.Acting as employerTo be a entrepreneur, they are always employ themselves, so they are also employee and work with others together. In this way, they could eliminate the gap between boss and employee.9.Acting as superintendent or managerI acquired the knowledge of the difference between anentrepreneur and a manager from class; a manager should use all source given efficiently; but an entrepreneur should think how I can get more source than I have already. Therefore, an entrepreneur is not only a superintendent but also a manager10.Acting as a source of informationHaving a prefect skill of information collection has positive effect on running entrepreneurs’ business.11.Being alert to opportunities as yet overlooked in the market.Opportunities are everywhere, but they are not easily grabbed.Although some of them are also in the market, they had been overlooked. Therefore, an entrepreneur should be aware of these kinds of opportunities.EntrepreneurAccording to the article,(written by William B. Gartner, who is an entrepreneur? Is the wrong question), entrepreneurship is the creation of organizations, which means that creating organizations makes entrepreneurs different from non-entrepreneur and entrepreneur.There are two ideas about entrepreneurship, one is from the aspect of behavior, and the other is from the aspect of trait. William B. Gartner thought that an entrepreneur is seen as a set of activities involved in organization creation, while personality traits and characteristics also play a key role in it.However, from my perspective, we cannot separate traits and behaviors; it is people’s traits and inner quality push people to do something. The baseball player’s movement comes from their goals, which they want to win the game. The reason why they want to win the game is they want to win the first prize in this season. Their ambitions drive them to do, I think it is the same reason that entrepreneur do.Desired future state Characterizedby Growth or changeSelf-perceived Power andability to Realize goalsnoCreation of organizationAfter I read some of articles, two of the authors, Howard H. Stevenson and David E. Gumpert had mentioned that the ability about creation of organization is important to entrepreneurs. Therefore, I referred the measurement of “creation of organization” to the table; we can see from the table that entrepreneur should have some abilities and skills. Besides creation of organization, entrepreneur also need self-perceived power, ability to realize goals and desired future state characterized by growth or change.Here we also can identify the difference between satisfied managers and entrepreneur.Opportunities:According to Evans and Jovanovic, Austrian economics challenges the validity of these assumptions arguing that different people will discover different opportunities in a given technological change. I agree this point, because different people have different education background and the knowledge we have is more or less, sometimes skill also play a key role in discovering opportunities. For instance, in our first class in Halmstad University, teacher asked us to use 50sek to earn more money. Some groups focused on offering coffee and snack to students and teachers, some groups focused on other service. I think Swedish student have some advantages, since they can speak Swedish to others not English, and they know where the target customers who can afford food and service students offer are.Sometimes, it also refers to working experience. Nowadays, 3M has become one of the most famous companies in the world. When I search some information about 3M, I enter the website of 3M, there is a significant title come into my eyes, innovative technology for a changing world. Initially, he just had a job in the office, every time he wanted to adhere something to the wall, he had to use another tools. Now, post-it had come into people’s life, people can write some notes on it, and then put it to anywhere he or she wants to put. The invention is great, because it has a positive effect on enhancing employee’s efficiency in the office.Post-it was a new product at that time; 3M which was a new firm put it into a new market. From today’s perspective, because of their innovating, taking risks, and showing creativity, the old firm, 3M, play two roles in the A or C. Extending new market, they improve their technology.Entrepreneurs makes different things, innovation and creation, which would have a positive effect on Entrepreneurs’ success.The graph also shows that the relationship among market, firm and competition. I think most of entrepreneur would choose A area into the market. Because it is the new market and low competition, the new product or service would be much easier to survive in the market. The most unwise choice is into B area, because the market is probably maturity or Decline. At that time, the product price is low and other company’s costs are low too. Additionally, many competitors are finding substitution to gain market.necessary for them to grab theopportunities which are overlooked.It is possible that the product in theoriginal market declines but it stillhas opportunities in other country’smarket. It is known to us that theelectronic products are advanced in Japan, they make one of the most advanced products into domestic market. When these products are maturity and decline in PLC, the company will transport them into other country’s company and makeprofits continually.Process:According to Bhide, A, the questions every entrepreneur must answer, he found that many entrepreneurs seized short-term business opportunities to develop, nor considering about long-term strategy. First, they had identified these opportunities, but they chose the short term business, so I will think what are the different entrepreneur and small business owner. Maybe the first step to be an entrepreneur is to be a small business owner.Secondly, successful entrepreneurs would make the transition from a tactical to a strategic orientation as soon as possible, because they could start to establish significant capabilities and resources.Third, it is one of important things is to have an ability of organization creation, which means an entrepreneur should resolve hiring issues, design control systems, set reporting relationships and define the founder’s role. Entrepreneurs took risks to use new organization to confront with confusion.Otherwise, Entrepreneurs should periodically check their strategies’state whether it is right or not.1.It is essential to provide a clear direction for the enterprise,because without that it would lead to fail all other tests.Before entrepreneurs start their work, it is better for them to consider why he wants to enterprise. In my opinion, their ambitions push him to behavior,which come from their personalities.2.Once entrepreneurs have formulated clear strategies, they have toidentify whether these strategies would bring them profit and growth.One of the entrepreneurs’aims are running their business well, therefore it is the reason that they should have a bright strategies to help themselves to achieve it.3.Whether the strategies the entrepreneurs make now can confrontwith the long term.At the beginning, some of entrepreneurs just want to run their business in a short time, so they haven’t considered the long-term strategy. After a new firm has entered a market for a period of time,I guess that the entrepreneurs should consider whether theircurrent strategies could confront future challenge.4.After consider these problems, entrepreneur should think whethertheir goals are conservative or aggressive.All problems considered, entrepreneurs need a long-term vision on their business future. A conservative strategy is unable to gain good profit, but an aggressive strategy is possible to result in failure. Finally entrepreneurs should have ambitions, because it comes from their personalities, which influence their behavior to be an entrepreneur.。