The Entrpreneurship - 5905 Words

SECTION I. Chapter 1 THE CHALLENGE OF ENTREPRENEURSHIP The Foundations of Entrepreneurship ——————————————————————————————————————————————————————————————————————— Part One: Learning Objectives 1. Define the role of the entrepreneur in business in the United States and around the world. 2. Describe the entrepreneurial profile and evaluate your potential as an entrepreneur. 3. Describe the benefits and drawbacks of entrepreneurship. 4. Explain the forces that drive the growth in entrepreneurship. 5. Explain the cultural diversity of entrepreneurship. 6. Describe the important role small business plays in our nation’s economy. 7. Describe the ten deadly mistakes of entrepreneurship and how to avoid them. 8. Put failure into the†¦show more content†¦NFL Films’ creative approach to the game has resulted in 82 Emmy Awards to date. Ed retired in 1987, turning the reins over to his son Steve who has taken the company to new heights thanks in part to his empowering leadership style and product innovation. The company now has a 200,000 square foot state-of-the-art facility. ——————————————————————————————————— Q1. Identify the entrepreneurial traits that Ed Sabol and his son Steve exhibit? Q2. How would you characterize the Sabol’s philosophy, beliefs, and values to a small business as it grows? Q3. What factors have led to NFL Films’ success? ——————————————————————————————————— A1. Ed and Steve exhibit great confidence in their own abilities, a vision for current and future markets, high energy and commitment. A2. The Sabol’s put their philosophy and values to work by delegating responsibilities and empowering employees, which has resulted in the growth of the business that is also their passion and joy. A3. Those factors include creativity and innovation, resulting in a product that has distinguished itself in the marketplace. Chapter 1 —3— III. The Benefits of Entrepreneurship The primary benefits entrepreneurs enjoy include the opportunity to: †¢ †¢ †¢ †¢ †¢ †¢ PPT 1.8 Create their ownShow MoreRelatedThe Entrpreneurship5916 Words   |  24 PagesSECTION I. Chapter 1 THE CHALLENGE OF ENTREPRENEURSHIP The Foundations of Entrepreneurship ——————————————————————————————————————————————————————————————————————— Part One: Learning Objectives 1. Define the role of the entrepreneur in business in the United States and around the world. 2. Describe the entrepreneurial profile and evaluate your potential as an entrepreneur. 3. Describe the benefits and drawbacks of entrepreneurship. 4. Explain the forces that drive the growth in entrepreneurshipRead MoreEntrepreneurial process paper1422 Words   |  6 Pagesbe evaluated to determine its potential for production. During that evaluation it is determined the tools and resources needed to bring the plan to fruition. â€Æ' References Duke: Center for entrepreneurship and innovation. (2009). The duke entrpreneurship manual. Retrieved from Duke: Center for entrepreneurship and innovation, Resource for Entrepreneur website. Lavinsky, D. (2011). Growthink. Retrieved from http://Growthink. (2011). Retrieved from http://www.growthink.com/content/deciding-become-entrepreneurRead MoreEntrepreneurship Is A Vital Element For Invigorating Monetary Development And Employment Opportunities1361 Words   |  6 Pagesand intentions of customers. - Right advertising and publicity can take the businesses to success. Even this side, there are lots of bad advertising resulting failure. - Cultural and ethnical differences - Family pressure can be a barrier to entrpreneurship according to some entrepreneurs. - Fierce competition. TECHNOLOGICAL - Not to establish a RD and innovation environment, compatible with the market, cause a failure. ENVIRONMENTAL LEGAL 4. CONCLUSION Removing the individuals who have entrepreneurialRead MoreRamen Noodles Business1608 Words   |  7 Pages[pic] CASE STUDY ON: RAMEN NOODLES RESTAURANT CONSULTANTS: SHIVA, STEVE, FERNANDO AND ZINGA PROFESSOR: CHRIS CASTILLO COURSE: BUSINESS MANAGEMENT AND ENTRPRENEURSHIP COMPANY Koichi Ramen is a small ramen noodle restaurant in the tradition of the Japanese staple dish. Ramen noodle shacks are to Japan what the fast-food restaurants are to the people. They are a place where people go for a quick, rich, filling meal when they don’t have time or simply don’t feel like cooking. The ramenRead MoreEssay on Victorian and Edwardian Economic History4508 Words   |  19 Pages2) CAPITAL EXPORT The large proportion of Britain’s wealth invested abroad between 1850 and 1914 has often been held to have been detrimental to the growth of the economy in this period. Examine the case for and against this argument. 3) ENTRPRENEURSHIP Britain’s manufacturing firms have been accused of remaining family-run and small scale in the period 1850-1914, so ignoring the benefits of the large corporation evident in the USA. Discuss whether this represents a form of entrepreneurial