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Entrepreneurship Case Studies|entrepreneurship

Saturday, September 4th, 2010

Hi

I love case studies , in this article I am explain what is entrepreneurship

If u are very interested to know much detailed on entrepreneurship go through the site http://www.ibscdc.org so let we start

Entrepreneurs: people who create and grow enterprises

Entrepreneurship: the process through which entrepreneurs create and grow enterprises: Entrepreneurship development…the infrastructure of public and private policies and practices that foster and support entrepreneurship.

Some of the entrepreneurs are:

Survival entrepreneurs: who resort to creating enterprises to supplement their incomes because there are few other options available. Sometimes called “entrepreneurs by necessity”

“Lifestyle entrepreneurs” are people who chose self-employment because they no longer want to work for someone else, or because it provides a better way of balancing work and home demands, or because it enables them to stay in communities to which they have great attachment. The focus is usually on providing a living for the entrepreneur and her or his family. They are often called “Mom and Pop” businesses,

“Growth entrepreneurs” are those who are motivated to grow their businesses so that they can create wealth and jobs in their community.

“Serial entrepreneurs” are people who enjoy the process of business creation and over their lifetimes will create several businesses, often selling their ventures in the process.

The process of entrepreneurship is something to which Cathy Ashmore at the Consortium for Entrepreneurship Education has given much thought over several years.

 some of the case studies available in ibscdc.org are:

1.Dean Kamen’s Technological Entrepreneurship
2.Robert E. Rubin: Executive Entrepreneur
3.Social Entrepreneurship: Serving the ‘Niche’ Business
4.Aravind Eye Hospitals: A Case in Social Entrepreneurship
5.Matrix Laboratories – Road to Success
6.Patrick J. McGovern’s International Data Group: Growth Strategies in Asia
7.Vijay Mallya, the Indian Business Baron: A ‘Bon Vivant’ Entrepreneur?
8.Technology and Business Incubation in India-Challenges and Opportunities
9.Global Hospitals – Where Life Gets a Second Chance

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Entrepreneurship ? a Leap of Faith

Tuesday, August 17th, 2010

Entrepreneurship is a multifaceted adventure that, without a doubt, closely resembles a roller coaster ride. When you begin an entrepreneurial journey or “ride,” you are aware of the gamut of experiences, both disappointing and rewarding, that you will encounter as you undertake this challenge.
Entrepreneurial challenges are not unlike most challenges in life. Hard work, long hours, and anxious moments are just a few of the characteristics of the journey to most successful outcomes.
Reoccurring questions often roam the business mind, and—although they may be phrased in a variety of ways—are basically centered on these four primary issues: more sales, more cash, more time, and more of the “right” people.
Starting your own business is an undertaking that requires more than vision, inspiration, sweat equity, money and determination. It is a leap of faith that demands that you let go of everything that is safe, comfortable, and proven. It is getting “outside the box” in the biggest way possible.
Beginning a new business venture can be risky, dangerous, and harrowing. However, with the proper preparation, the appropriate knowledge, and the counsel of a mentor or a trusted advisor, it can be a liberating and an extremely rewarding experience.
There’s a reason why many of America’s most successful people are entrepreneurs who started their own business and then saw them take off to unimaginable heights. There’s a reason why the Horatio Algers of the world continue to inspire thousands of entrepreneurs every day. There is a reason why some of America’s greatest companies started with an idea, with meager seed capital, and with an individual who had a maniacal belief in the potential of an idea, and— along with determination and perseverance— saw it through to success.
However, for every success, there are hundreds of failures. The statistics are not only sobering, but downright frightening. More than half of all businesses started today will fail. The failure rate is astounding. Take a look at recent U.S. Bureau of Labor Statistics data, and this is what you will discover: After two years, across all sectors, 44 percent of all new businesses are no longer in business. After four years, 66 percent no longer exist. And, these survival rates don’t vary much by industry.
What do the statistics tell us? That most new businesses—whether they’re founded on the most brilliant idea since the theory of relativity or production of a mundane but exquisitely necessary manufacturing component—are making fatal mistakes that will ultimately lead them to bankruptcy. This much is certain. If more than half of all new ventures fail, there are lessons that are not being learned.

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Entrepreneurship and the Business Environment

Tuesday, August 17th, 2010

Everywhere you turn nowadays, you always hear about venturing into entrepreneurship. But what is entrepreneurship exactly? It is actually defined as the process wherein a group or an individual makes an effort to pursue opportunities to satisfy needs and wants through uniqueness and innovation. Some people have the misconception that entrepreneurs are gamblers in the sense that they take risks and invest in industries that have no record of success. However, the truth is, these entrepreneurs take calculated risks that have the potential to provide them with huge returns.

The key factors you need to remember about entrepreneurship are opportunities, innovation, and growth. An entrepreneur sees opportunities in environmental trends and changes that nobody has seen before and pursues this opportunity with whatever resources he has at hand. The second theme in entrepreneurship is innovation which involves transforming and revolutionizing existing products or services to cope up with the changing global environment. The third theme is growth; this involves the continual efforts of an entrepreneur to expand his business locally and internationally. An entrepreneur is on the constant look out on how to create new approaches to make his business grow and become a huge success.

These themes are the key factors which businesses are founded upon. The largest corporations you find today did not start out big, rather they started out as small enterprises by visionaries who want more than what is offered to them. You can see from the history of some of the most successful business today that the founders of these businesses have taken great leaps of faith and incredible amounts of risks in order to be what they are today. Wherever you turn, you see the results of entrepreneurship. But it is most obvious in internet commerce because this is a new industry. People that were unheard of before are becoming some of the riches names in the world and it is all because they have taken risks and have succeeded. So whether we realize it or not, it is the entrepreneurs who drive the global environment nowadays. They are the ones who are always seeking out opportunities and taking risks to improve our world and profit from it in return.

The business environment and even the technological advancements that are available today would not have been possible if these entrepreneurs did not come out of their comfort zone to invest in the development of these businesses. As you can see, having the entrepreneurial spirit is definitely necessary for businesses to reach greater heights and provide better and faster products and services to their clients. It is no wonder then that a lot of business enterprises are hiring young and dynamic individuals with a vision and who are not afraid to take calculated risks to ensure the survival of the business tomorrow.

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