Characteristics Of A Successful Entrepreneur

Characteristics Of A Successful Entrepreneur Entrepreneurs use innovation to exploit or create change and opportunity for the purpose of making profit. They do this by shifting resources from an area of lower productivity into an area of higher productivity and greater yield, accepting a high degree of risk and uncertainty in doing so (reference Patricias lecture notes) An entrepreneur is a leader, a manager, a risk taker. However it is plausible to say that not all managers are entrepreneurs. Robinson, (1999) proposed key differences between a leader and a manager to back up the assertions that not all managers are leaders. LEADER MANAGER Innovates Develops Focus on people Inspires trust Has an eye on the horizon-long range Does the right thing Administer Maintains Focus on systems and structures Relies on control Keep an eye on bottom line-short range Does things right Source: Robinson (1999) McClelland, (1961) as cited by David D. et al, (2003) in their book; Entrepreneurship and small firms, propose three key competencies of successful Entrepreneurs namely; Proactively: initiative and assertiveness. Achievement orientation: ability to see and act on opportunities. Commitments to others. At a deeper level, Sue B. et al, (2000) refined this competencies, examining them in six critical dimensions of business practice: Strategic orientation: These stress the ability of an Entrepreneur to be driven only by the perception of the opportunities that exist in his environments and not constrained by the resources at his disposal. Commitment to opportunity: the ability of an Entrepreneur to pursue opportunity quickly as soon as it appears. Commitment of resources: The characteristics of a good Entrepreneur are a multi-staged commitment of resources, putting in minimum commitment at each stage or decision point. Control of resources: the ability of Entrepreneur to know and decide what resources are needed over time both human and material. Management structure: They contend that Entrepreneur is stereotyped as egocentric and idiosyncratic thus unable to manage. To be a successful Entrepreneur it is essential to have managerial skills. Reward philosophy: A good Entrepreneur is focused on creating and harvesting values. Theories/Approaches to Entrepreneurship Theories as define by Business dictionary, are set of assumptions, prepositions, or accepted facts that attempt to provide a plausible or rational explanation of cause and effect relationship among a group of observed phenomenon. Previous work and researches (McClelland, 1961; Komives, 1972; McClelland and Winter, 1969) help in developing three approaches to entrepreneurship, which is illustrated by Sue B. et al (2000) as; Personality approach; other writers called it the Trait approach (Summer, 1989) Social-behavioural approach The economic approach Entrepreneurship Economic writers and theorists: the economic approach The psychological characteristics school: personality approach Social-behavioural approach Source: David D. et al, 2003 Personality approach to Entrepreneurship, as argued by David D. et al, (2003) is identifying certain personality and traits in individuals that appear to be possessed by successful Entrepreneurs. Furthermore, they explain that the approach is concern with testing and applying some perceived characteristics in individuals. This approach assumes that Entrepreneurship as well as leadership consists of certain inherited characteristics or personality traits that make them more effective. These traits include; Self confidence/control Innovative Creativity Need for autonomy Vision Flexibility Calculated risk-taker Social-behavioural approach to Entrepreneurship assumes that an Entrepreneurs behaviours affects and is affected by the environment (group of followers). Behavioural approach views the creation of an Entrepreneur as a contextual event, the outcome of many influences (Summer, 1989). This approach believes that the skills of an Entrepreneur can be learnt developed and perfected. Economic approach to Entrepreneurship views an Entrepreneur as person who coordinates all the different factor of production (David D. et al, 2003). This approach implies that an Entrepreneur indentifies and fills market gab combining lands, labour and capital in profitable ways. The above theories and approach also applies to leadership as it can be seen that most leaders are Entrepreneurs. SELF ASSESSMENT Self assessment is extremely valuable as it propels me to evaluate myself in order to form judgements about my strengths and weaknesses. Self-assessment is the process of looking at the self in order to weigh up aspects that one may find important to their identity (Sedikides, 1993). After doing the Belbin team role test and taking the profiling for success assessment on the University of Bedfordshire career website couple with my personal skill awareness, I discovered the following; Strength: Leadership: I have a natural attitude to lead, I am always happy to take the lead when action is required. I am able to assert myself to get other people involve if necessary. The result on type dynamics indicator proves this to be true, a quote from the summary reads; You have indicated a preference for the Executive style. This style tends to be direct and focuses on end-results. Executives generally have a vision of the future and will work hard in order to gain the necessary influence required to have impact on the world around them (refer to the appendix). Team work: I am able to contribute effectively to the work and development of a team. I am able to carry out different roles within a team including those that require a practical task focussed approach. I showed these skills in my various group works in the course of my studies. I also proved to be a good team player whilst working for A.C.S technologies, a Nigerian based company, leading a team of five network engineers to install a virtual private network for a government organisation. Furthermore, the Belbin team role assessment I took in my first year shows the following result; A supportive, sociable, flexible, adaptable, perceptive, listener, calming influence, mediator in team work. Other team role the test defined is that I am a completer-finisher, it reveals that I have attention to details, am accurate, having a high standard, I am quality oriented and I deliver to schedule and specification. (Refer to the appendix). Communication: I communicate with clarity and purpose. Whilst working for A.C.S technologies Nigeria, I developed good communication skills which enable me to advice; problems solve and communicate effectively with a wide range of people from different organisations whilst troubleshooting their computer networks. I have also in the process, developed excellent listening and speaking skills. Organisation time management: I can create short-term goals to complete class work and to explore personal interests. Computing/IT: I am a proficient IT user, I am Competent with Word, Excel and PowerPoint and I can also design, build and maintain a computer network. I am a CISCO certified networking engineer. Adaptability/Flexibility: I have shown in all my academic pursuit and work experience that I can be flexible and can also adapt to new and challenging environment. This is because I studied accounting on a diploma level, and I had two years practice, and then switched to study computer networking. I even got certified as a CISCO networking engineer. My coming to the UK to study also demonstrates how flexible and adaptable I can be. Motivation: My passions are my motivation. I have a passion to develop and grow as a person and to succeed in life. I have a passion for integrity and legacy, these are my driving force which am convince will be useful in any career path I may take. This can be seen in the result on value base indicator of motivation (refer to appendix). Weaknesses Negative personal characters: I found out that in some cases I can be shy and indecisive when it comes to presenting my opinion to people I meet for the first time or those am not comfortable with. Sometimes I find myself to be so nervous when I really need courage to apply logic very fast. I can sometimes be easily distracted. Using the swot analysis I will elaborate on my strengths and weaknesses as well as demonstrating my understanding of their use in the pursuit of career. Swot analysis: This is a planning method use to evaluate the strength, weaknesses, opportunities and treat to an individual or a business. It involves specifying personal goal at the same time identifying the internal and external elements that can affect me both positive and negative in the race to attain my stated objectives. In order for a swot analysis to be useful, desire goal or objectives must be first stated. STRENGTH Leadership Work experience Education Flexibility motivation Personal traits (self-discipline, ability to work under pressure, optimism and creativity) Team work Organisation time management Computing/IT WEAKNESS Weak job hunting skills Negative personal traits (shyness, indecisiveness, slow application of logic) OPPORTUNITIES Lots of career option to choose Opportunity for advancement in my field of study Opportunity to start and run a business with the skills I have acquired THREATS Competition from fellow graduates on job opportunities High number of graduates with less jobs offers With this analysis, my best strategy in reaching my goals would be by exploiting my strength and opportunities available to me, while finding ways to neutralize the threats and working to improve on my weaknesses.

Allergies: Immune System and Genetically Modified Organism

Adrian V. Perse Human Biology Dr. Lawrence C. Cwik * 19 November 2012 Allergies * We live in a world were technology is growing every day. We have new medical technology and are able to save more lives. With benefits come risks we have all this technology and we cant seem to stop genetically engineered foods from causing allergies. Ever wonder why people have allergic reactions to specific things? A lot of people don’t think about the foods they consume could cause them to have an allergic reaction.In this essay I will be talking about how genetically engineered foods can cause allergies or other adverse health effects. * Allergies are very common in the United States. Allergies affect over fifty million Americans and is the fifth leading disease in America. Different people also have different kinds of allergic reactions they could be more severe while some are mild. There are also different reaction times to allergies some take longer to develop while some only take a few se conds.If you have an allergic reaction that means you have something inside your body that could be harmful to you, this cause your immune system to have an over reaction to that hurtful/harmless substances. When this happens your body produces white blood cells to produce antibodies to eliminate the source of that threat. But what dose that have to do with GMOs? GMOs enter our body system directly through the foods that we eat. GMOs have a bigger effect on children then they do on adults because they are younger and their immune system isn’t as strong/resistant as an adults so they are more venerable.So what are GMOs you ask? GMOs stands for Genetically Modified Organism, which means a single celled organism that have been modified and put into foods to prevent pesticides. These are some of the GMOs that resulted from agricultural. One kind of GMO that has been approved out there is called Herbicide Tolerance, which is found in soybeans it builds tolerance to glyphosate allo wing crops that would normally have been destroyed to live. GMOs have a big impact not just on us but the environment to. Over eighty percent of GMOs grown are used to herbicide tolerance.GMOs pigs also affect animals; cows and chickens are some of the main few. GMOs remain in our system long after we stop eating GMOs. GM crops also produce toxins through milk or animals that were feed GMOs. Kids are also at risk by drinking a lot of milk. GMO’s can affects kids even before birth. Yea GMOs even affect pregnant mothers it harms the fetal development and future genes passed on. That’s a brief description of what GMOs are and what they do. * Now lets talk about plant breeding and how it affects us. Let me tell you what plant breeding is first.Scientists have a method to removing and adding new DNA to organisms. They remove a part of DNA from an organisms then they find the specific gene they want and remove that from the DNA. After that they bind they bind the DNA and ins erter it into a new organism. Scientists have been altering the genetics of plants trying to increase their value, they genetic alter crops by using unnatural breeding and use ultraviolet or gamma rays on these crops that we later consume. Genetically cross breeding decreases nutrition value then it normally would have been.Another disadvantages to plant breeding is antibiotic resistance. Plants are being inserted with antibiotics genes. When the plants receive the antibiotic and survives the antibiotic still remains inside the plant. When animals or humans consume this we could become immune to that antibiotic that we could of used later on being immune to a lot of antibiotic could prove harmful later in our generation. Increased toxicity is another disadvantage of plant breeding. Normally plants produce toxins but they are so mild that they do not have an affect on our health.By cross breeding plants this increases the toxicity level of plants and could prove to be harmful to our health that normally would have had been; before cross breeding. Those are some of the different affects of plant breeding. * After all you heard about your probably wondering why we still use GMOs. One thing scientists have been testing is to manipulate tree genes into absorbing CO2 to help reduce global warming. GMOs are needed to feed the growing population of the earth. We need more food cause were growing so fast we need to keep how much we produce higher then how much we consume.But who really needs the GMOs? Animals consume more GMOs then human do. More corn, soybeans, and other crops are feed to animals then humans. GMs are resistant to bacterial and viruses. GMs grow much faster then normal crops. GMs are resistant to harsh weather conditions such as colds making them able to grow in different environments. They can also add vitamins to the modified food, which could prove a good thing for third world countries that suffer from malnutrition. Another benefit to GMOs is that they last longer. They have a longer life expanse then they would of normally had. Now that you heard some of the advantages of GMOs let me tell you some of the disadvantages. Allergies are a big impact. In the past few years allergies has increased. This is cause by GMOs and cross breeding plants. Cross breeding plants mixes up the different genes in organisms combining different proteins that should have not been combined with that organism normally. These new proteins are produced from genetic engineering and our immune system hasn’t experienced this from of protein. This alerts the immune system to have an allergic reaction, which causes inflammation.This of course has a much more severe impact on children then it dose on adults and also has some long-term effects if you consume a lot of GMOs. GMOs don’t just affect humans they also hurt the environment. This could even affect babies before they are even born. We all know pregnant moms shouldn’t be eating sp ecific kinds of foods. If a protein from something she’s allergic to be mixed with another species and she consumes it could be harmful to herself but the baby as well. Changing different spices of plant could hurt the natural cycle of life.If they don’t think GMOs are such a bad thing why don’t they label it? The FDA refuses to put labels on food stating weather they have been genetically mortified or not. Americans have the right to know weather they are consuming genetically mortified food or not. People shouldn’t be eating foods that could prove harmful to them their children. Other countries around the world have labels on their food stating if they are GM or not. When they are cross-breading plants/fruit they could be transferring different viruses from one organism to another with out even realizing it.GMOs also decrease the genetic diversity. Another big problem with GMOs are toxic fiction of neighboring crops. Nature is a very complex being and e verything is linked together so altering the balance messes up nature’s cycle of life. There are a lot of advantages to using GMOs I’m not saying there aren’t. But that doesn’t change the fact that allergic reactions have increased substantially since the use of GMOs. A lot of countries already realized this and labeled their foods stating wither or not they contain GMOs. I think the United States should start labeling their foods.This isn’t going to stop the use of GMOs but it will reduce the allergic reaction rate in America. It’s a little scary to know that over seventy percent of the world’s population has been genetically modified. And how we don’t know what we’re consuming that we just consume. We don’t think about our health till the day we actually get sick and by then it’s to late. Around eighty six percent of the words GMOs are grown right here in the U. S. those are some of the ways I think genet ically engineered foods can cause allergies or other adverse health effects. *

Find Out Whos Worried About Divergent Essay Samples and Why You Should Pay Attention

Find Out Who's Worried About Divergent Essay Samples and Why You Should Pay Attention The simplest approach to learn the kind of an essay is to realize the writer's point of view. You may also provide the write-up to a different man to experience the job. You don't need to have five paragraphs and three points every moment. This issue of a report determines the points that'll be used. You would like your paper to be noticed, meaning you don't need to choose the simple topic and have your paper reflect the exact same thing every one's paper does. The body is the principal area of the literature essay. It covers most of the article. New Ideas Into Divergent Essay Samples Never Before Revealed Don't worry, help from a web-based essay writing service is readily available now. There are various sorts of essays and largely depend on just what the writer would like to convey. There's no ideal solution on the best way to compose an effective essay. The simplest approach to compose a very good persuasive essay is to chose a topic you're confident in. While there's no one correct approach to compose these essays, this page will show you some great practices to think about when learning how to compose a persuasive essay. As soon as your writing is finished, make sure to have an editor review your essay for you. Bear in mind that uncorrected writing may end up being very detrimental to your final GMAT essay scores. As tempting as it might appear to skip past the extra info and go right to the list of persuasive essay topics, don't do it. Qualities of a great persuasive essay topic The topic ought to be specific. It will be simpler that you compose a fantastic persuasive essay if it's a subject in which you have knowledge. Furthermore, girls who play sports have been demonstrated to have less an inclination towards suicide and depression generally speaking. So it's not only people that may influence a change in somebody's life but other things such as media. In addition, there are times when you really feel like you don't wish to write anything. Nobody is perfect the very first time, and you're no exception. The 30-Second Trick for Divergent Essay Samples You don't need to return to school to prepare for the GED test. GED Online permits you to prepare for the GED test by employing online classes and practice tests. Students have to compose essays based on the teacher's instructions or their preferred style in writing. While trying to understand how to write a persuasive essay step by step, they forget about another critical activity. When you believe that school is not sufficient to learn what you should learn, learning how to compose a persuasive essay even if you don't actually see your teacher face to face is somewhat a fresh start. The use of societies in each one of the stories has similar and various means of working. In school, it's an unavoidable truth that you are going to be requested to write something about a topic which sometimes you're so eager to finish. There are a lot of persuasive essay examples college students are able to make use of online. The original idea of writing the thesis is to supply the reader with a summary that's general and at the identical time engaging. An outline is offered below. In addition, a thesis doesn't need to be one sentence. No matter this issue, the structure is the exact same for any persuasive essay. The aim of a persuasive essay is to convince your readers your viewpoint is the proper viewpoint. The success of the entire essay directly depends upon how good you present the supporting facts. Your paragraphs do not connect one another's meaning and the full thought of your essay may be incomprehensible. The introductory paragraph is perhaps the most crucial paragraph in the essay since it is the initial and possibly last opportunity to generate an effect on the reader. What Is So Fascinating About Divergent Essay Samples? In conclusion, Divergent is an exciting novel that's full of themes and will continue to keep the reader on the border of her or his seat. In the end, the previous faction is Dauntless. All the factions help the society function for a whole.

Ethics, Negligence, and Environmental Issues in Business

Ethics in Business 1. Discuss the ethical, negligence, and environmental issues you see in this case. BP’s negligence resulted in severe repercussions for the company, employees, and the environment. After being advised on multiple occasions of the issues concerning maintenance of pipelines, BP’s behavior in the issue of the Prudhoe Bay pipeline can be seen as unethical because it did not meet its social responsibilities/obligations to the community or its employees. Ignoring these obligations resulted in the busting of a BP pipeline that put the health and safety of its employees at risk and endangered lives of persons and wildlife in the immediate community. In addition to this BP also violated the trust of both the local and global†¦show more content†¦There would of course be fines charged for not adhering to the established policies and procedures and testing for erosion, defects, and safety would be performed at regular intervals as determined by the government officials. In addition to this annual reports on safety and maintenance would be submitted revealing any areas for concern and what would be done to meet guidelines and make improvements. The problem to be investigated is how reducing cost in pipeline maintenance and refinery safety impacted the business’ stakeholders. Reducing cost in any business is at times necessary, however as with all decisions there must be a balance maintained as this could have implications to both internal and external stakeholders. In this case, BP developed a business culture known for intense efforts to reduce cost that had impact on both environmental safety and employee safety. This paper will give a brief overview of the decisions made by BP that resulted in events that affected various stakeholders as well as the company itself. BP had experienced several setbacks from January 2005 through 2006. An explosion in Texas City, Texas that killed fifteen employees and injured hundreds of others at a refinery in 2005 as well as other events tarnished the BP’s public image (Jennings, M. 2009). In March 2006 the Prudhoe Bay pipeline burst spilling over 267,000 gallons of oil. It was discovered that the pipeline leak was due to severe corrosion and resulted in bothShow MoreRelatedBusiness Regulation Law 5311295 Words   |  6 PagesBusiness Regulations Simulation Law/531 Business Regulation Simulation When conducting business whether it is local and global, big or small organizations have to abide by state and federal laws. Depending on the nature of the business different organization has to comply with certain laws and regulations. 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