The Battle Continues When Soldiers Return from Iraq Essay

The Battle Continues When Soldiers Return from Iraq Even though Jimmy Massey, a former U.S. solider in Iraq, was pulled out of the war almost two years ago, it remains at the center of his life. On May 15, 2003 Massey was flown back stateside and though he lives a life without bullets and tanks, he now fights off terrible nightmares, constant anxiety, and bouts of depression. Massey, 34, was a marine for almost 12 years before he was deployed to Iraq during the initial U.S. invasion. There he witnessed the shooting of more than 30 innocent civilians and his thoughts of war transformed forever. Massey was honorably discharged from the military with Post Traumatic Stress Disorder and suffered major depression. Despite being†¦show more content†¦These symptoms affect people’s everyday life, from fighting with their spouses to going ballistic at a 4th of July Fireworks celebration. Once Massey eventually got his foot in the door of the VA Hospital he discovered the treatment was extremely beneficial and necessary to his mental health. Massey was treated with individual therapy and medication at the hospital. His wife said that he will be starting a new treatment at the end of April, Eye Movement Desensitization and Reprocessing therapy, which is a therapy involving swift eye movement that supposedly weakens one’s negative memories. The Masseys have made no attempt to keep their situation a secret. Jackie Massey is the leader of Military Families Speak Out (MFSO), a political organization that is the voice of military families who oppose the war. The Massey’s recently left for a month long speaking tour of the East Coast. The number of veterans seeking mental health treatment is dwindling and the Massey’s hope their story will encourage more returning soldiers to get help. In 2004, a study in The New England Journal of Medicine explored the mental health issues of soldiers before they were sent to Iraq or Afghanistan and within three to four months of their return. The study found that 17% of soldiers met the criteria for mental health disorders and were in need of treatment,Show MoreRelatedThe Effects Of Stress On People On The Front Line966 Words   |  4 Pagesstress on people on the front line. Combatant soldiers endure extreme stress while on the battle field and even after returning home. Chronic stress under such environments ultimately results in disastrous changes in those who participate in war. As a soldier sent home from Iraq says, these people have seen â€Å"humanity at its worst† (Alpert et al. 2010). A majority of them return home no longer the same people prior to leaving for war as they now suffer from an anxiety disorder known as post-traumaticRead MorePost Traumatic Stress Disorder ( Ptsd )1513 Words   |  7 Pagessome has developed ways of managing it. Veterans from the Vietnam and Iraq/Afghanistan conflicts are in the spotlight now for suffering with this condition. Are the Vietnam Veterans offered the same care as the recent combat Veterans of Iraq and Afghanistan, and does the timing of when PTSD interventions take place determine the outcome of the soldier? The conflict in Vietnam was a different war theater when compared to the conflict fought in Iraq or Afghanistan. Does the different war theatersRead MoreSergeant First Class Jackson s Warrior Ethos1555 Words   |  7 Pagespamphlets from the chaplain, maintenance magazines and a candy dish which we all loved. He never boasted about his accomplishments, but you knew there was something special about this gentle giant. 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Veterans suffer from physical and mental health problems which make it challenging to find newRead MoreMilitary For Civilian Life And Supporting Their Families1046 Words   |  5 PagesLife and supporting their Families Millions of combat veterans are returning from various campaigns including Operation Iraqi Freedom, Operation Enduring Freedom, and America’s latest campaigns in Afghanistan and will need support to transition from military combat life to family life and a civilian existence. A variety of support personnel and services are needed to help veterans transition successfully. Veterans suffer from physical and mental health problems which make it challenging to find newRead MoreWar Has Affected My View Of War1426 Words   |  6 Pageseverything from the fear of running from battle in the Civil War, to the weight of the equipment soldiers carried in Vietnam, but the one thing that has remained constant is war’s impact on the humanity of the soldiers. War is an ancient concept that has bloodied history since the beginning of civilization. Even with the changes to the ways in which wars are fought, technologically and otherwise, the effect on soldiers is a constant. This ca n be seen when one looks at the camaraderie of soldiers, howRead More3-4 ADAR History Essay1461 Words   |  6 Pagesof these units is 3-4-ADAR. Third Battalion (Bn.) Fourth Air Defense Artillery Regiment (3-4 ADAR) is the most decorated Air Defense unit in the world. The Air Defense Branch is a relatively young branch by comparison. The ADA Branch originates from the Field Artillery Branch. AD did not become a branch of its own until technology advances made it necessary for a change. As plains started becoming a part of combat, the more need there was for AD. Our branch became its own, as air superiorityRead MoreAnalysis Of The Book Auschwitz 1502 Words   |  7 Pages174517, was 25 when the Italian fascist captured him leading to his 11 months in Auschwitz. 174517 became his new way of identifying himself because it was believed only a man is worthy of a name. Survival in Auschwitz is his first hand account of his struggles to maintain a sense of humanity when his surrou ndings are trying to do the opposite. For Primo the war never ended- after being liberated by the Russians, Primo Levi continues to battle a psychological war that originated from his time in AuschwitzRead MoreThe War Of A War1468 Words   |  6 Pagescountry. Most people tend to ignore the internal struggles veterans face post war. The civilians of a war zoned country are also majorly affected in ways many people fail to see because of the lack of media coverage. Most veterans returning from a war struggle from post traumatic stress disorder, individuals in societies are blind to the fact that these people are mentally unstable because of the experience they go through. Most people will salute a veteran because in America it is proper to respectRead MoreLetting Go: Post Traumatic Stress Disorder (PTSD)1017 Words   |  5 Pagesbeen around for many years, and is not only related to war, but also referred to by different names, â€Å"Shell Shock† or â€Å"battle fatigue.â⠂¬  Over a course of many years there have been reports of soldiers fleeing the battle grounds or having emotional backgrounds before this psychological disorder was ever discovered. In the History of PTSD by Darlene Zagata, she explains about soldiers during the civil war were sent home during such emotional breakdowns without supervision and were dismissed as being

Argument for Stopping Animal Abuse Essay - 2111 Words

Executive Summary Every 60 seconds an animal is abused. Dogs, cats, horses, and many other types of animals are being neglected and tortured everyday, yet resulting in few and minor consequences for the perpetrators. Animal abuse is prevalent in the United States and has been an ongoing issue since the 1970s, and prior to. Society as a whole has chosen to avoid the facts and arguments about animal cruelty, because to some it is seen as acceptable and typical. It becomes much more frowned upon when people actually see the results of the cruelty, especially in the media. Abuse towards animals is recognized by many in the commercials shown on television, including the Sarah McLaughlin song and the pictures of animals starved and†¦show more content†¦The only voice an animal has for itself comes from its owner, just as a childs voice comes from their parent or guardian. When an owner, or parent, refuses to provide adequate care, including food and water, for their animal or ch ild, justice should be served. Thankfully, many solutions are available for those who seek them out. Multiple organizations can be reached whenever suspicions arise regarding questionable households. Not only does the ASPCA, the American Society for the Prevention of Cruelty to Animals, get involved with animal cruelty cases, but also the Police forces help find animals alternate homes when they are being deprived of care. There are many outlets for these animals today, and there are certainly more to come. The more and more people become aware of this subject, more branches of help will be created. Introduction Increased awareness regarding animal cruelty would benefit society, pet owners, and animals themselves. When a problem is identified, it becomes easier to work out solutions. Animal cruelty is an issue on a global scale; animal torture and neglect does not only exist in the United States. Animal cruelty is the â€Å"crime of inflicting physical pain, suffering or death on an animal, usually a tame one, beyond necessity for normal discipline. It can include neglect that is so monstrous (withholding food and water) that the animal has suffered, died or been put in an imminentShow MoreRelatedAnimal Testing Persuasive Essay1402 Words   |  6 Pagesangers me more, than people working in companies, factories, laboratories, and even in the comfort of their home to use innocent animals to test human products. They continue to test out these products on animals, even after it has been proven that in almost all cases, animal testing has no benefit on us as buyers or consumers. I have found that laboratories are using many animals that are considered as pets to families, such as mice and rats, rabbits, and even guinea pigs. 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Enterperneurship and Notes Free Essays

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Entrepreneurship—MGT602 VU Table of Contents Lesson No. Title / Topic 1 Introduction 2 The Nature and Importance of Entrepreneurship 3 Entrepreneurial Process/ Start up 4 The Entrepreneurial and Intrapreneurial Mind 5 The Entrepreneurial and Intrapreneurial Mind (Contd†¦ ) 6 The Entrepreneurial and Intrapreneurial Mind (Contd†¦ ) 7 The Entrepreneurial and Intrapreneurial Mind (Contd†¦ ) 8 The Individual Entrepreneur 9 The Individual Entrepreneur (Contd†¦ ) 10 The Individual Entrepreneur (Contd†¦ 11 International Entrepreneurial Opportunities 12 International Entrepreneurial Opportunities 13 International Entrepreneurial Opportunities (Contd†¦ ) 14 International Entrepreneurial Opportunities (Contd†¦ ) 15 International Entrepreneurial Opportunities (Contd†¦ ) 16 Creativity and Business Idea 17 Creativity and the Business Idea 18 Legal Issues for the Entrepreneur 19 Legal Issues for Entrepreneur (Contd†¦ ) 20 Legal Issues for the Entr epreneur (Contd†¦ ) 21 Creating and Starting the Venture 22 Creating and Starting the Business Venture (Contd†¦ 23 Creating and Starting the Venture (Continued) 24 Creating and Starting the Business Plan Continued) 25 The Marketing Plan 26 The Marketing Mix 27 The Organizational Plan 28 The Organizational Plan (Continued) 29 The Organization Plan (Contd†¦ ) 30 The Financial Plan 31 The Financial Plan (Continued†¦ ) 32 Pro Forma Sources and Uses of Funds 33 Pro forma Sources and Uses of Funds 34 Bank Lending Decision 35 Sources of Capital 36 Sources of Capital (Contd†¦ ) 37 Capital Sources in Pakistan Preparing for the New Venture Launch: Early Management Decisions 38 (Contd†¦ ) Page No. 3 06 08 13 15 18 20 22 24 26 29 33 35 37 39 40 43 46 49 52 54 56 58 60 62 65 68 70 72 75 77 81 83 85 87 89 91 95  © Copyright Virtual University of Pakistan 1 Entrepreneurship—MGT602 VU 39 Preparing for the New Venture Launch: Early Management Decisions (Contdâ € ¦ ) 40 Preparing for the New Venture Launch: Early Management Decisions (Contd†¦ ) 41 Preparing for the New Venture Launch: Early Management Decisions (Contd†¦ ) 96 97 99 42 Preparing for the New Venture Launch: Early Management Decisions (Contd†¦ ) 43 New Venture Expansion Strategies and Issues 44 New Venture Expansion Strategies and Issues (Contd†¦ 45 Entrepreneurship and Pakistan 102 103 105 108  © Copyright Virtual University of Pakistan 2 Entrepreneurship—MGT602 INTRODUCTION Lesson 01 LEARNING OBJECTIVES 1. We will write a custom essay sample on Enterperneurship and Notes or any similar topic only for you Order Now 2. 3. 4. 5. VU 1. To introduce the concept of entrepreneurship and its historical development. 2. To explain the entrepreneurial decision process. 3. To identify the basic types of start-up ventures. 4. To explain the role of entrepreneurship in economic development. 5. To discuss the ethics and racial responsibility of entrepreneurs. NATURE AND DEVELOPMENT OF ENTREPRENEURSHIP The term entrepreneur comes from the French and translates â€Å"between-taker† or go-between. † Earliest Period In this period the money person (forerunner of the capitalist) entered into a contract with the go-between to sell his goods. While the capitalist was a passive risk bearer, the merchant bore all the physical and emotional risks. Middle Ages In this age the term entrepreneur was used to describe both an actor and a person who managed large production projects. In such large production projects, this person did not take any risks, managing the project with the resources provided. A typic al entrepreneur was the cleric who managed architectural projects. 7th Century In the 17th century the entrepreneur was a person who entered into a contract with the government to perform a service Richard Cantillon, a noted economist of the 1700s, developed theories of the entrepreneur and is regarded as the founder of the term. He viewed the entrepreneur as a risk taker who â€Å"buy[s] at certain price and sell[s] at an uncertain price, therefore operating at a risk. † 18th Century In the 18th century the person with capital was differentiated from the one who needed capital. In other words, entrepreneur was distinguished from the capital provider. Many of the inventions developed during this time as was the case with the inventions of Eli Whitney and Thomas Edison were unable to finance invention themselves. Both were capital users (entrepreneurs), not capital providers (venture capitalists. ) Whitney used expropriated crown property. Edison raised capital from private sources. A venture capitalist is a professional money manager who makes risk investments from a pool of equity capital to obtain a high rate of return on investments. 19th and 20th Centuries In the late 19th and early 20th centuries, entrepreneurs were viewed mostly from an economic perspective. The entrepreneur â€Å"contributes his own initiative, skill and ingenuity in planning, organizing and administering the enterprise, assuming the chance of loss and gain. † Andrew Carnegie is one of the best examples of this definition, building the American steel industry on of the wonders of industrial world, primarily through his competitiveness rather than creativity. In the middle of the 20th century, the notion of an entrepreneur as an innovator was established.  © Copyright Virtual University of Pakistan 3 Entrepreneurship—MGT602 Innovation, the act of introducing something new, is one of the most difficult tasks for the entrepreneur. VU Edward Harriman and John Pierpont Morgan are examples of this type of entrepreneur. Edward reorganized the Ontario and southern railroad through the northern pacific trust and john developed his large banking house by reorganizing and financing the nation’s industries. This ability to innovate is an instinct that distinguishes human beings from other creatures and can be observed throughout history. DEFINITION OF ENTREPRENEUR The concept of entrepreneurship from a personal perspective has been explored in this century. This exploration is reflected in the following three definitions of an entrepreneur: In almost all definitions of entrepreneurship, there is agreement that we are talking about a kind of behavior that includes: 1. Initiative taking 2. The organizing and reorganizing or social/economic mechanisms to turn resources and situations to practical account. 3. The acceptance of risk or failure. To an economist, an entrepreneur is one who brings resources, labor, materials, and other assets into combinations that make their value greater than before, and one who introduces changes, innovations, and a new order. To a psychologist, such a person is typically driven by certain forces- the need to obtain something, to experiment, to accomplish or perhaps to escape the authority of others. Entrepreneurship is the dynamic process of creating incremental wealth. Our definition of entrepreneurship involves four aspects: 1. You read "Enterperneurship and Notes" in category "Papers" Entrepreneurship involves the creation process. 2. It requires the devotion of the necessary time and effort. 3. It involves assuming the necessary risks. 4. The rewards of being an entrepreneur are independence, personal satisfaction, and monetary reward. For the person who actually starts his or her own business there is a high failure rate due to poor sales, intense competition, lack of capital or lack of managerial ability. THE ENTR EPRENEURIAL DECISION PROCESS (Deciding to become an entrepreneur by leaving present activity ) Many individuals have difficulty bringing their ideas to the market and creating new venture entrepreneurship and the actual entrepreneurial decisions have resulted in several million new businesses being started throughout the world. Although no one knows the exact number in the United States. Indeed, millions of ventures are formed despite recession, inflation, high interest rates, and lack of infrastructure, economic uncertainty and the high probability of failure The entrepreneurial decision process entails a movement from something to something— a movement from a present life style to forming a new enterprise. To leave a present live-style to create something new comes from a negative force–disruption. Many companies are formed by people who have retired, moved, or been fired. Another cause of disruption  © Copyright Virtual University of Pakistan 4 Entrepreneurship—MGT602 is completing an educational degree. The decision to start a new company occurs when an individual perceives that forming a new enterprise is both desirable and possible. VU KEY TERMS Breakthrough innovations A new product with some technological change Business ethics The study of behavior and morals in a business situation Desirability of new venture formation Aspects of a situation that make it desirable to start a new company. Entrepreneur Individual who takes risks and starts something new Entrepreneur as an innovator An individual developing something unique Entrepreneurial decision process Deciding to become an entrepreneur by leaving present activity Entrepreneurship Process of creating something new and assuming the risks and rewards  © Copyright Virtual University of Pakistan 5 Entrepreneurship—MGT602 THE NATURE AND IMPORTANCE OF ENTREPRENEURSHIP Lesson 02 VU LEARNING OBJECTIVES 1. To introduce the concept of entrepreneurship and its historical development. . To explain the entrepreneurial decision process. Desirability of New Venture Formation (Aspects of a situation that make it desirable to start a new company) The perception that starting a new company is desirable results from an individual’s culture, subculture, family, teachers and peers. American culture places a high value on being your own boss, being a success and making money therefore, it is not surprising to find a high rate of company formation in the United States. On the other hand in some countries making money is not as valued and failure may be a disgrace. The rate of business formation in these countries is not as high. Many subcultures that shape value systems operate within a cultural framework. Studies indicate that a high percentage of founders of companies had fathers and/or mothers who valued independence. Encouragement to form a company is also gained from teachers, who can significantly influence individuals. An area having a strong educational base is also a requirement for entrepreneurial activity. Peers are important, also, as is an area with an entrepreneurial pool and peer-meeting place. Possibility of New Venture Formation (Factors making it possible to create a new venture) Although the desire of new venture formation derived from the individual’s culture, subculture, family, teachers and peers needs to be present before any action is taken, the second feature necessary centers around this question â€Å"What makes it possible to form a new company? † Formal education nd previous business experience give a potential entrepreneur the skills needed to form and manage a new enterprise. Although educational systems are important in providing the needed business knowledge, individual will tend to be more successful in forming in fields in which they have worked. The government also contributes by providing the infrastructure to help a new venture. The market must be large enough and the entrepreneur must have the marketing know-how to put together the entire packa ge. Finally, financial resources must be readily available. Although most start-up money comes from personal savings, credit, and friends, but there is often a need for additional capital. Riskcapital availability plays an essential role in the development and growth of entrepreneurial activity.  © Copyright Virtual University of Pakistan 6 Entrepreneurship—MGT602 VU KEY TERMS Foundation companies A type of company formed from research and development that usually does not go public. Gazelles Very high growth ventures. Government as an innovator A government active in commercializing technology High-potential ventures. A venture that has high growth potential and therefore receives great investor interest Entrepreneurship Entrepreneurship within an existing business structure Iterative synthesis The intersection of knowledge and social need that starts the product development process Lifestyle firm A small venture that supports the owners and usually does not grow Ordinary innovation Z new product with little technological change Possibility of new venture formation Factors making it possible to create a new venture Copyright Virtual University of Pakistan 7 Entrepreneurship—MGT602 ENTREPRENEURIAL PROCESS/START UPS Lesson 03 LEARNING OBJECTIVES 1. To identify the basic types of start-up ventures. 2. To explain the role of entrepreneurship in economic development 3. To discuss the ethics and racial responsibility of TYPES OF START-UPS Life-Style Firms A life-style firm exists primarily to support the owners and usually has little growth opportunity. This type of firm may grow after several years to 30 or 40 employees. Foundation Companies VU A type of company formed from research and development that usually does not go public. This firm can grow in five to ten years from 40 to 400 employees. High-Potential Venture A venture has high growth potential and therefore receives great investor interest. The company may start out like a foundation company, but its growth is far more rapid. After five to ten years the company could employ around 500 employees. These firms are also called gazelles and are most important for the economic development of an area ROLE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT The role of entrepreneurship in economic development involves initiating change in the structure of business and society. One theory of economic growth depicts innovation as the key, not only in developing new products, but also in stimulating investment interest. The new capital created expands the capacity for growth (supply side), and new spending utilizes the new capacity and output (demand side. In spite of the importance of investment and innovation in the economic development of an area, there is still a lack of understanding of few factors which are as follows: †¢ The product-evolution process is the process through which innovation develops and commercializes through entrepreneurial activity, which in turn stimulates economic growth. It begins with knowledge in the base technology and ends with products or services availabl e in the marketplace. †¢ The critical point in the process is the intersection of knowledge and a recognized social need, called the iterative synthesis. This point often fails to evolve into a marketable innovation. Most innovations introduced in the market are ordinary innovations, with little uniqueness. Technological innovations refer to new products with significant technological advancements. †¢ †¢ †¢ Breakthrough innovations mean the development of new products with some technological change. Regardless of the level of uniqueness or technology, each innovation evolves into and develops towards commercialization through one of three mechanisms: the government, entrepreneurship, or entrepreneurship. Entrepreneurship has assisted in revitalizing areas of the  © Copyright Virtual University of Pakistan 8 Entrepreneurship—MGT602 VU inner city. Individuals in inner-city areas can relate to the concept and see it as a possibility for changing their present situation. GOVERNMENT AS AN INNOVATOR A government active in commercializing technology is known as an innovative government. Commercializing technology is frequently called technology transfer. However, few inventions resulting from government-sponsored research have reached the commercial market. Most of the by-products from scientific research have little application to any social need. The government lacks the business skills needed for successful commercialization. Government bureaucracy and red tape also often inhibit the timely formation of the business. Recently, federal labs have been required to commercialize some of their technology each year and some are providing entrepreneurial training Intrapreneurship Intrapreneurship refers to entrepreneurship within an existing organization or business structure. Existing businesses have the financial resources, business skills, and arketing and distribution system to commercialize innovation successfully. Often the bureaucratic structure, emphasis on short-term profits, and structured organization inhibit creativity. Some corporations have tried to establish an Entrepreneurial spirit in their organization, some in the form of strategic business units (SBUs. ) Intrapreneurship can also bridge the gap between science and the ma rketplace. It is the practice of using entrepreneurial skills without taking on the risks or accountability associated with entrepreneurial activities. It is practiced by employees within an established organization using a systemized business model. Employees, perhaps engaged in a special project within a larger firm are supposed to behave as entrepreneurs, even though they have the resources and capabilities of the larger firm to draw upon. Capturing the dynamic nature of entrepreneurial management (trying things until successful, learning from failures, attempting to conserve resources, etc. ) adds to the potential of otherwise static organizations without exposing those employees or self mployed people to the risks or accountability normally associated with entrepreneurial failure. Employee Intrapreneur An employee Intrapreneur is the person who focuses on innovation and creativity and who transforms a dream or an idea into a profitable venture, by operating within the organizational environment. Thus, Intrapreneurs are inside entrepreneurs who follow the goal of the organization. Employees, perhaps engaged in a special project within a larger firm are supposed to behave as entrepreneurs, even though they have the resources, capabilities and security of the larger firm to draw upon. Capturing a little of the dynamic nature of entrepreneurial management (trying things until successful, learning from failures, attempting to conserve resources, etc. ) adds to the potential of an otherwise static organizations without exposing those employees to the risks or accountability normally associated with entrepreneurial failure Entrepreneurship The third method for bridging the gap between the science and the marketplace is via  © Copyright Virtual University of Pakistan 9 Entrepreneurship—MGT602 VU entrepreneurship. Many entrepreneurs have difficult time bridging this gap and creating new ventures. They may often lack managerial skills, marketing capabilities, or financial resources. They frequently do not know how to interface with banks, suppliers, customers, and distributors. Yet, entrepreneurship is the most effective method for bridging the gap and creating new enterprises, these activities affect an areas economy by building the economic base and providing jobs. ENTREPRENEURIAL CAREERS AND EDUCATION Since 1985 there has been an increased interest in entrepreneurial careers fostered by factors such as increased media coverage of entrepreneurs and employment shifts. A conceptual model for understanding entrepreneurial careers views the career stages as interacting with other stages and events in the individual’s life, the life-cycle approach. This approach conceptualizes entrepreneurial careers in nine categories. 1. Educational environment 2. The individual’s personality 3. Childhood family environment 4. Employment history 5. Adult development history 6. Adult family/non-work history 7. Current work situation 8. The individual’s current perspective 9. The current family situation Although there exist a common perception that entrepreneur are less educated than the general population however studies have found entrepreneurs overall and female entrepreneurs in particular, are far more educated than the general population. However, this education sometimes does not develop the specific skills needed in the venture, especially for women entrepreneurs. Childhood influences have been explored, particularly in terms of values and the individual’s personality . The traits most frequently researched are the need for achievement, locus of control, risk-taking, and gender identity. The research on the childhood family environment of the entrepreneur has had more definite results. Entrepreneurs tend to have self-employed fathers, and many also have entrepreneurial mothers. The family plays an important role in establishing the desirability of entrepreneurship as a career. Employment history also has an impact on entrepreneur careers in both positive and a negative sense. Entrepreneurs tend to have a higher probability of success when the venture created is in their field of experience. Negative displacement (such as dissatisfaction with various aspects of ones job) also encourages entrepreneurship. Although no definite research has been done on the adult development history of entrepreneurs, it appears to also affect entrepreneur’s careers. One’s development history has somewhat more of an impact on women, since they tend to start businesses at a later stage in life. There is a lack of data on adult family/non-work history and the available data adds little understanding towards entrepreneurial career development. Entrepreneurs are known for their strong work values, their long workdays, and their dominant management style. They tend to fall in love with the organization and will sacrifice almost Copyright Virtual University of Pakistan 10 Entrepreneurship—MGT602 VU anything in order for it to survive. While in college, few future entrepreneurs realize that they will pursue entrepreneurship as their major life goal. Relatively few individuals will start a business immediately after graduation. Entrepreneurship education is a fast growing area in colleges an d universities. While the courses vary by university, there is a great commonality, especially in the initial few courses. The skills required by entrepreneurs can be classified in to three main areas: 1. Technical skills involve such things as writing, listening, oral presentations, coaching, and technical know-how. 2. Business management skills include those areas involved in starting, developing and managing any enterprise. 3. Personal entrepreneurial skills differentiate an entrepreneur from a manager and include inner control (discipline), risk taking, innovativeness, persistence, visionary leadership, and being change oriented. These skills and objectives form the basis of the modular approach to an entrepreneurship curriculum. Today entrepreneurs are recognizing the need to learn some of the science of management in an MBA program in order to grow their businesses effectively in the global environment. ETHICS AND SOCIAL RESPONSIBILITY OF ENTREPRENEURS The entrepreneur must establish a balance between ethical exigencies, economic expediency, and social responsibility. A managers attitudes concerning corporate responsibility tend to be supportive of laws and professional codes of ethics. Entrepreneurs have few reference persons, role models, and developed internal ethics codes. Entrepreneurs are sensitive to peers pressure and social norms in the community as well as pressures from their companies. While ethics refers to the â€Å"study of whatever is right and good for humans,† business ethics concerns itself with the investigation of business practices in light of human values. The word â€Å"ethics† stems from the Greek ethos, meaning custom and usage. Development of Our Ethical Concepts Socrates, Plato, and Aristotle provide the earliest writings dealing with ethical conceptions; earlier writings involving moral codes can be found in both Judaism and Hinduism. American attitudes on ethics result from three principle influences: Judeo-Christian heritage, a belief in individualism and opportunities based on ability rather than social status. Research on business ethics can be broken down into four broad classifications: 1. Pedagogically-oriented inquiry 2. Theory-building without empirical testing 3. Empirical research, measuring the attitudes and ethical beliefs of students and academic faculty 4. Empirical research within business environments THE FUTURE OF ENTREPRENE URSHIP In spite of the differences in definition of entrepreneurship, there are common aspects such as risk taking, creativity, independence, and rewards. Entrepreneurship is currently being embraced by educational institutions, governments, societies, and corporations. Schools are increasing their emphasis on entrepreneurship in terms of courses and academic research. In Europe many universities have started programs in entrepreneurship. There has also been an increase in academic research, endowed chairs and centers of Copyright Virtual University of Pakistan 11 Entrepreneurship—MGT602 VU entrepreneurial activity. Governments have also promoted the growth of entrepreneurship. Individuals are encouraged to form new businesses and provided tax incentives, roads, and a communications system to facilitate this creative process. Some state governments are developing strategies for fostering entrepreneurial a ctivity. The venture capital industry has benefited from lowering of capital gains tax rates and more relaxed rules regarding pension fund investment. Society’s support of entrepreneurship is critical in providing motivation and public support. The media has played a powerful role in developing public support. Media coverage uplifts the image of the entrepreneur and growth companies. Articles have appeared in newspapers such as New York Times, The Wall Street Journal, and the Washington Post. Business magazines such as Barrons, Business Week, Forbes, and Fortune have provided coverage. Magazines such as Black Enterprise, Entrepreneur, Inc. , and Venture focus on issues of the entrepreneurial process. Television on both a national and local level has highlighted entrepreneurship. Large companies will continue to have a special interest in Entrepreneurship in the future. The largest 15 companies account for over 20 percent of the total U. S. research and development. Other companies will create more new businesses through Entrepreneurship. KEY TERMS Product-evolution process Process for developing and commercializing an innovation Risk taking Taking calculated chances in creating and running a venture. Technological innovation A new product with significant technological advancement Technology transfer Commercializing the technology in the laboratories into new products  © Copyright Virtual University of Pakistan 12 Entrepreneurship—MGT602 THE ENTREPRENEURIAL AND INTRAPRENEURIAL MIND LEARNING OBJECTIV ES 1. To explain the aspects of the entrepreneurial process. 2. To explain the differences between entrepreneurial and managerial domains. 3. To explain the organizational environment conducive for entrepreneurship. 4. To identify the general characteristics of an Entrepreneur. 5. To explain the process of establishing entrepreneurship in an organization. VU Lesson 04 ENTREPR E NEURIAL PROCESS The entrepreneurial process involves finding, evaluating, and developing an opportunity by overcoming the strong forces that resist the creation of something new. Phase 1: Identifying and Evaluating the Opportunity Most good business opportunities result from an entrepreneur being alert to possibilities. Some sources are often fruitful, including consumers and business associates. Channel members of the distribution system-retailers, wholesalers or manufacturer’s reps-are also helpful. Technically-oriented individuals often identify business opportunities when working on other projects. Each opportunity must be carefully screened and evaluated-this is the most critical element of the entrepreneurial process. . The evaluation process involves looking at b. The creation and length of the opportunity c. Its real and perceived value d. Its risks and return. e. It’s fit with the skills and goals of the entrepreneur f. Its differential advantage in its competitive environment It is important to understand the cause of the opportunity, as the resulting opportunity may have a different market size and time dimension. The market size and the length of the window of opportunity are the primarily bases for determining risks and rewards. The risks reflect the market, competition, technology, and amount of capital involved. The amount of capital forms the basis for the return and rewards. The return and reward of the present opportunity needs to be viewed in light of any possible subsequent opportunities as well. The opportunity must fit the personal skills and goals of the entrepreneur. The entrepreneur must be able to put forth the necessary time and effort required for the venture to succeed. One must believe in the opportunity enough to make the necessary sacrifices. Opportunity analysis, or an opportunity assessment plan, should focus on the opportunity and provide the basis to make the decision, including: a. A description of the product or service b. An assessment of the opportunity c. Assessment of the entrepreneur and the team d. Specifications of all the activities and resources needed e. The source of capital to finance the initial venture The most difficult aspect of opportunity analysis is the assessment of the opportunity. Phase 2: Develop a Business Plan A good business plan must be developed in order to exploit the opportunity defined. A good business plan is important in developing the opportunity and in determining the resources required, obtaining those resources and successfully managing the venture.  © Copyright Virtual University of Pakistan 13 Entrepreneurship—MGT602 VU Phase 3: Determine the Resources Required. Assessing the resources needed starts with an appraisal of the entrepreneur’s present resources. Any resources that are critical must be distinguished from those that are just helpful. Care must be taken not to underestimate the amount and variety of resources needed. Acquiring needed resources, while giving up as little control as possible, is difficult. The entrepreneur should try to maintain as large an ownership position as possible, particularly in the start-up stage. As the business develops, more funds will probably be needed, requiring more ownership be relinquished. Alternative resource suppliers should be identified, along with their needs and desires, in order to structure a deal with the lowest cost and loss of control. Phase 4: Manage the Enterprise. The entrepreneur must employ these resources through implementation of the business plan. This involves implementing a management structure, as well as identifying a control system. KEY TERMS Administrative domain The ways managers make decisions Business plan The description of the future direction of the business Corporate culture The environment of a particular organization Entrepreneurial domain The ways entrepreneurs make decisions Entrepreneurial process The process through which a new venture is created by an entrepreneur Entrepreneurial culture The environment of an entrepreneurial-oriented organization Entrepreneurship Entrepreneurship within an existing business organization Opportunity identification The process by which an entrepreneur comes up with the opportunity for a new venture Opportunity parameters Barriers to new product creation and development Top management commitment Managers in an organization strongly supporting entrepreneurship Traditional managers Managers in a non-entrepreneurial-oriented organization Window of opportunity The time period available for creating the new venture  © Copyright Virtual University of Pakistan 14 Entrepre neurship—MGT602 VU THE ENTREPRENEURIAL AND INTRAPRENEURIAL MIND (continued†¦) Lesson 05 LEARNING OBJECTIVES 1. To explain the aspects of the entrepreneurial process. 2. To explain the differences between entrepreneurial and managerial domains. 3. To explain the organizational environment conducive for entrepreneurship. 4. To identify the general characteristics of an entrepreneur. 5. To explain the process of establishing entrepreneurship in an organization. MANAGERIAL VERSUS ENTREPRENEURIAL DECISION MAKING The difference between the entrepreneurial and managerial styles involves five business dimensions. Strategic Orientation The entrepreneur’s strategic orientation depends on his or her perception of the opportunity. This orientation is most important when other opportunities have diminishing returns accompanied by rapid changes in technology, consumer economies, social values or political rules. When the use of planning systems is the strategic orientation, there is more pressure for the administrative domain to be operant. Commitment to Opportunity The entrepreneurial domainis pressured by the need for action and has a short time span in terms of opportunity commitment. The administrative domain (the ways mangers make decisions) is not only slow to act on an opportunity, but the commitment is usually for a longer time span. Commitment of Resources An entrepreneur is used to having resources committed at periodic intervals, often based on certain tasks or objectives being reached. In acquiring these resources the entrepreneur is forced to achieve significant milestones using very few resources. In the administrative domain, the commitment of resources is for the total amount needed. Administrative-oriented individuals receive personal rewards by effectively administering the resources under their control. Control of Resources The administrator is rewarded by effective resource administration and has a drive to own or accumulate as many resources as possible. The entrepreneur, under pressure of limited resources, strives to rent resources on an as-needed basis. Managerial Structure In the administrative domain, the organizational structure is formalized and hierarchical in nature. The entrepreneur employs a flat organizational structure with informal networks. CAUSES FOR RECENT INTEREST IN INTRAPRENEURSHIP  © Copyright Virtual University of Pakistan 15 Entrepreneurship—MGT602 VU Interest in intrapreneurship has resulted from events occurring on social, cultural, and business levels. There is an increasing interest in â€Å"doing your own thing. † Individuals frequently desire to create something of their own. They want responsibility and want more freedom in their organizations. Frustration can develop and result in the employee becoming less productive or leaving the organization. This has recently caused more discontent in structured organizations. When meaning is not provided within the organization, individuals often search for an institution, such as entrepreneurship, that will provide it. Intrapreneurship is one method for stimulating and capitalizing on those who think that something can be done differently and better, such as Xerox Corporation’s commitment to Xerox Technology Ventures. It is important to instill the intrapreneurial spirit in an organization in order to innovate and grow. In a large organization problems occur that thwart creativity and innovation. This growth and diversity that can result are critical, since large corporations are more efficient in a competitive market than are smaller firms. The resistance against flexibility, growth, and diversification can be overcome by developing a spirit of entrepreneurship, called Intrapreneurship, within the existing organization. There are social, cultural, and business pressures for Entrepreneurship. Hyper competition has forced U. S. companies to focus on new product development and increased productivity. Reductions in large corporation’s staff are being absorbed in the workforce, particularly in small businesses. Entrepreneurial endeavors consist of four key elements. 1. New business venturing refers to the creation of new business within an existing organization. 2. Organizational innovativeness refers to product and service innovation with an emphasis on development and innovation in technology. 3. Self-renewal reflects the transformation of organizations through the renewal of the key ideas on which they are built. 4. Proactiveness includes initiative and risk taking, as well as competitive aggressiveness KEY TERMS Administrative domain The ways managers make decisions Business plan The description of the future direction of the business Corporate culture The environment of a particular organization Entrepreneurial domain The ways entrepreneurs make decisions Entrepreneurial process The process through which a new venture is created by an entrepreneur Entrepreneurial culture The environment of an entrepreneurial-oriented organization Entrepreneurship  © Copyright Virtual University of Pakistan 16 Entrepreneurship—MGT602 Entrepreneurship within an existing business organization Opportunity identification The process by which an entrepreneur comes up with the opportunity for a new venture Opportunity parameters Barriers to new product creation and development Top management commitment Managers in an organization strongly supporting Entrepreneurship Traditional managers Managers in a non-entrepreneurial-oriented organization Window of opportunity The time period available for creating the new venture VU  © Copyright Virtual University of Pakistan 17 Entrepreneurship—MGT602 VU THE ENTREPRENEURIAL AND INTRAPRENEURIAL MIND (continued†¦) Lesson 06 LEARNING OBJECTIVES 1. 2. 3. 4. 5. To explain the aspects of the entrepreneurial process. To explain the differences between entrepreneurial and managerial domains. To explain the organizational environment conducive for entrepreneurship. To identify the general characteristics of an entrepreneur. To explain the process of establishing entrepreneurs hip in an organization. CORPORATE VERSUS INTRAPRENEURIAL CULTURE Smaller, aggressive, entrepreneurial firms are developing more new products and becoming dominant in certain markets. Many companies are attempting to create the same spirit, culture, and rewards of entrepreneurship in their organizations. The typical corporate culture has a climate and reward system that favors conservative decision making. Emphasis is on gathering large amounts of data as the basis for a rational decision. Risky decisions are often postponed until hard facts are gathered or a consultant is hired. Often there are so many approvals required that no individual feels personally responsible for the project. The guiding principles in a traditional corporate culture are: 1. 2. 3. 4. 5. 6. Follow instructions given Do not make mistakes Do not fail Do not take initiative Stay within your turf and protect your backside This restrictive environment is not conducive to creativity, flexibility, and risk taking The guiding principles of intrapreneurs Aspects of an Entrepreneurial culture are quite different: 1. 2. 3. 4. 5. Develop visions, goals, and action plans Be rewarded for actions taken Suggest, try, and experiment Create and develop Take responsibility and ownership There are differences in the norms of the two cultures. The traditional culture is hierarchical in nature, with established procedures, lines of authority, and control mechanisms. These support the present corporate culture, and do not encourage new venture creation. The culture of an intrapreneurial firm has a flat organizational structure with networking, teamwork, sponsors, and mentors. Close working relationships help establish an atmosphere or trust that facilitates accomplishment of visions. Individuals make suggestions across functional areas, resulting in cross-fertilization of ideas. The two cultures produce different types of individuals and management styles.  © Copyright Virtual University of Pakistan 18 Entrepreneurship—MGT602 VU Motivation Traditional managers are motivated primarily by promotion and typical corporate rewards. Entrepreneurs and intrapreneurs thrive on independence and the ability to create. Intrapreneurs expect their performance to be suitably rewarded. There are also time orientation differences. Managers emphasize the short run, entrepreneurs the long run, and intrapreneurs somewhere in between. Intrapreneurs use a midpoint mode between delegation of managers and direct involvement of entrepreneurs. Entrepreneurs and intrapreneurs are moderate risk takers; managers are much more cautious. Most entrepreneurs fail at least once, and Intrapreneurs learn to conceal risky projects from management until the last possible moment. Traditional managers tend to be most concerned about those at higher levels, entrepreneurs serve self and customers, and intrapreneurs add sponsors. CLIMATE FOR INTRAPRENEURSHIP In establishing an Intrapreneurial environment, certain factors and leadership characteristics need to be present. The first of these is that the organization operates on the frontiers of technology. Since research and development are key sources for new product ideas, the firm must operate on the cutting edge of technology and encourage and supporting new ideas instead of discouraging them. Second is experimentation, or trial and error, is encouraged. Successful new products usually do not appear fully developed; instead they evolve. A company wanting to establish an intrapreneurial spirit has to establish an environment that allows mistakes and failures. Without the opportunity to fail, few corporate intrapreneurial ventures will be developed. Third an organization should make sure that there are no initial opportunity parameters, such as turf protection, inhibiting creativity in new product development. Fourth, the resources of the firm need to be available and easily accessible. Often, insufficient funds are allocated not to creating something new but instead to solving a problem that have an immediate effect on the bottom line. Some companies, such as Xerox, 3M, and ATT have established separate venture capital areas for funding new internal ventures. Fifth a multidisciplinary team approach needs to be encouraged. One key to Intrapreneurial success is the existence of â€Å"skunkworks† involving key people. Developing the needed team work for a new venture is further complicated by the fact that a team member’s promotion within the corporation is related to performance in the current position, not in the new venture. The corporate environment must establish a long time horizon for evaluating the success of the overall program. Sixth the spirit of intrapreneurship cannot be forced on individuals; it must be voluntary. Most managers in a corporation are not capable of being successful intrapreneurs. Those who do emerge from this self selection process must be allowed the latitude to carry a project through to completion. An intrapreneur falls in love with the new venture and will do almost anything to ensure its success. The seventh characteristic is a reward system. The intrapreneur needs to be appropriately rewarded for the energy and effort expended on the new venture. An equity position in the new venture is one of the best motivational methods. Eight a corporate environment favorable for intrapreneurship has sponsors and champions throughout the organization that supports the creative activity and resulting failures. Finally the intrapreneurial activity must be whole-heartedly supported by top management.  © Copyright Virtual University of Pakistan 19 Entrepreneurship—MGT602 VU THE ENTREPRENEURIAL AND INTRAPRENEURIAL MIND (continued†¦) Lesson 07 LEARNING OBJECTIVES 1. 2. 3. 4. 5. To explain the aspects of the entrepreneurial process. To explain the differences between entrepreneurial and managerial domains. To explain the organizational environment conducive for entrepreneurship. To identify the general characteristics of an Entrepreneur. To explain the process of establishing entrepreneurship in an organization. INTRAPRENEURIAL LEADERSHIP CHARACTERISTICS There are certain individual characteristics needed for a person to be successful Entrepreneurs, including: 1. Understanding the environment 2. Being visionary and flexible 3. Creating management options 4. Encourage teamwork while employing a multi-disciplined approach 5. Encouraging open discussion 6. Building a coalition of supporters, and persisting An Entrepreneur needs to understand all aspects of the environment. Part of this ability is reflected in individual’s level of creativity. Creativity tends to decrease with age and education. The individual must be creative and have a broad understanding of the internal and external environments of the corporation. The intrapreneurial person must be a visionary leader-a person who dreams great dreams. Leadership is the ability to dream great things and communicate them in a way that people say yes to being a part of the dream. To establish a successful new venture, the intrapreneurial leader must have a dream and overcome all obstacles to achieve it. The third necessary characteristic is that the intrapreneur must be flexible and create management options. An intrapreneur is open to and encourages change. By challenging the beliefs and assumptions of the corporation, an intrapreneur can create something new in the organization structure. He or she must possess the ability to encourage teamwork and use a multi-disciplined approach. Every new company formation requires a broad range of business skills. The intrapreneur must be a good diplomat to minimize disruption. Open discussion must be encouraged to develop a good team for creating something new. Many corporate managers have forgotten that frank, open discussion is part of the learning process. A successful venture can be formed only when the team feels the freedom to disagree and to critique an idea. The degree of openness among the team depends on the degree of openness of the intrapreneur. Openness leads to a strong coalition of supporters and encouragers. The intrapreneur must encourage each team member, particularly during hard times. A good intrapreneur makes everyone a hero. Only through persistence will a new venture be created and successful commercialization result. ESTABLISHING INTRAPRENEURSHIP IN THE ORGANIZATION To establish an intrapreneurial environment, the organization must implement a procedure. This can be done internally, but it is easier to use an outsider to facilitate the process. This is particularly true when the environment is very traditional. There are some steps involved in it. Step 1: The first step is to secure a commitment to intrapreneurship in the organization by top, upper, and middle management. Without top management commitment, the organization will never be able to make the necessary changes. Once top management has committed to intrapreneurship for a sufficient length of time, the concept is introduced throughout the organization. This is effectively accomplished through seminars. General guidelines need to be  © Copyright Virtual University of Pakistan 20 Entrepreneurship—MGT602 VU stablished for intrapreneurial venture development. Next, intrapreneurial leaders need to be identified, selected, and trained. Step 2: Ideas and general interest areas should be identified, along with the amount of risk money that is available. The overall expectat ions and target results should be established, specifying time frame, profitability requirements, and impact of the organization. A mentor/sponsor system needs to be established. Step 3: A company needs to use technology to make itself faster and more flexible. Technology has allowed small companies to act like they are big ones. Large companies can use technology to make them responsive and flexible. Step 4: The organization can use a group of managers to train and share their experiences with other members. These sessions should be conducted one day per month for a specified period of time. Information about intrapreneurship and about the company’s specific activities should be well publicized. Step 5: The organization needs to develop ways to get closer to its customers by tapping the data base, hiring from smaller rivals, and helping the retailer. Step 6: An organization must learn to be more productive with fewer resources. With middle management cutbacks, more control has been given to lower levels of the organization. The span of control should be increased. Step 7: The organization needs to establish a strong support structure. Because they do not immediately affect the bottom line, intrapreneurial activities can be overlooked and receive little funding. These ventures require flexible, innovative behavior, with the intrapreneurs having total authority over expenditures and access to funds. Step 8: The support must involve trying the rewards to the performance of the intrapreneurial unit. This encourages team members to work harder and compete more effectively. The equity portion of the compensation is particularly difficult to handle. Step 9: The organization needs to implement an evaluation system that allows successful units to expand and unsuccessful ones to be eliminated. PROBLEMS AND SUCCESSFUL EFFORTS Intrapreneurship, also called corporate venturing, is not without problems. One study found that new ventures started within a corporation performed worse than those started independently. Independent start-ups tend to outperform corporate start-ups. There are many examples of companies that have successfully implemented intrapreneurship. 3M allows employees to devote 15 percent of their time to independent projects. After failing to recognize the potential of Wozniak’s personal computer, Hewlett-Packard has taken steps to take advantage of future opportunities. Even IBM has developed the independent business unit concept. The problems of ntrapreneurship are not insurmountable, and the concept can lead to new products, growth and the development of an entirely new corporate environment and culture.  © Copyright Virtual University of Pakistan 21 Entrepreneurship—MGT602 THE INDIVIDUAL ENTREPRENEUR Lesson 08 LEARNING OBJECTIV ES 1. To iden tify some key entrepreneurial feelings and motivations. 2. To identify key elements in an entrepreneur’s background. 3. To discuss the importance of role models and support systems. 4. To identify the similarities and differences between male and female entrepreneurs. 5. To explain the differences between inventors and entrepreneurs. VU ENTREPR E NEURIAL FEELINGS There is no â€Å"true entrepreneurial profile†- entrepreneurs come from many educational backgrounds, family situations, and work experiences. A potential entrepreneur may presently be a nurse, secretary, assembly line worker, sales person, mechanic, home maker, manager or engineer. A potential entrepreneur can be male or female and of any race or nationality. Locus of Control One concern people have when forming is whether they will be able to sustain the drive and energy required to form something new and to manage the new enterprise and make it grow. While research results are inconsistent, internal control seems to be a characteristic of entrepreneurs. Internal beliefs appear to differentiate entrepreneurs from the general public, but not from managers. Managers and entrepreneurs both have an internality tendency. Feelings about Independence and Need for Achievement. The entrepreneur also has the need for independence, to do things in his or her own way and time. Another controversial characteristic is the entrepreneur’s need for achievement. McClelland specified three attributes as characteristics of entrepreneurs: 1. Individual responsibility for solving problems and setting and achieving goals. 2. Moderate risk taking as a function of skill. 3. Knowledge of results of decision/task accomplishment. McClelland concluded that a high need for achievement leads individuals to engage in entrepreneurial behavior, although other studies have been inconsistent. Risk Taking Risk taking seems a part of the entrepreneurial process. However, it has not yet been empirically established whether risk-taking is a distinguishing characteristics of entrepreneurs. ENTREPR E NEURIAL BACKGRO UND AND CHARACT E RIST ICS Only a few background characteristics have differentiated the entrepreneur from the general populace or managers. Childhood Family Environment The impact of birth order and social status has had conflicting research results. There is strong evidence that entrepreneurs, both male and female, tend to have self-employed or entrepreneurial fathers. Having a father who is self-employed provides a strong inspiration in the example of independence and flexibility of self-employment. This feeling of independence is often further enforced by an entrepreneurial mother. The overall parental  © Copyright Virtual University of Pakistan 22 Entrepreneurship—MGT602 VU relationship may be the most important aspect of the childhood environment in establishing the desirability of entrepreneurial activity. Parents of entrepreneurs need to be supportive and encourage independence, achievement, and responsibility. This supportive relationship appears to be most important for females. Female entrepreneurs tend to grow up in middle- to upper-class environments, where families are child-centered, and are similar to their fathers in personality. KEY TERMS Departure points The activities occurring when the venture is started Inventor An individual who creates something new Locus of control An attribute indicating the sense of control that a person has over life Moral-support network Individuals who give psychological support to an entrepreneur Entrepreneurship – MGT602 VU  © Copyright Virtual University of Pakistan 23 Entrepreneurship—MGT602 VU THE INDIVIDUAL ENTREPRENEUR (continued†¦) Lesson 09 LEARNING OBJECTIVES 1. To identify some key entrepreneurial feelings and motivations. 2. To identify key elements in an entrepreneur’s background. 3. To discuss the importance of role models and support systems. 4. To identify the similarities and differences between male and female entrepreneurs. 5. To explain the differences between inventors and entrepreneurs. ENTREPRENEURIAL BACKGROUND AND CHARACTERISTICS Education Education appears important in the upbringing of the entrepreneur, in the level of education obtained and in playing a major role in coping with problems. Although formal education is not necessary for starting a new business, it does provide a good background. In education, female entrepreneurs previously experienced some disadvantage, with few having degrees in engineering, science, or math. The ability to deal with people and communicate clearly in written and spoken work is also important. Personal Values Studies have failed to indicate that entrepreneurs can be differentiated on personal valued from managers, unsuccessful entrepreneurs, or the general public. Leadership, support, aggression, benevolence, conformity, creativity, veracity, and resource seeking may also be important. A successful entrepreneur is frequently characterized as a winner; winning may be a prerequisite for his or her actually becoming one. Age Entrepreneurial age is the age of the entrepreneur reflected in the experience. Entrepreneurial experience is one of the best predictors of success. In chronological age, most entrepreneurs start their careers between ages 22 and 55. Earlier starts in an entrepreneurial career seem to be better than later ones. Generally, male entrepreneurs start their first venture in their early 30s, while women tend to do so in their middle 30s. Work History Dissatisfaction with one’s job often motivates the launching of a new venture. Previous technical and industry experience is also important once the decision to start a business is made. Experience in the following areas is particularly important: financing; product or service development; manufacturing; development of distribution channels; and preparation of a marketing plan. As the venture becomes established, managerial experience and skills become more important. Entrepreneurial experience becomes increasingly important as the complexity of the venture increases. MOTIVATION While motivations may vary, the reason cited most often for becoming an entrepreneur independence-not wants to work for anyone else. Other motivating factors differ between male and female entrepreneurs. Money is the second reason for men’s starting a venture. Job satisfaction, achievement, opportunity, and money are the second order reasons for women.  © Copyright Virtual University of Pakistan 24 Entrepreneurship—MGT602 VU KEY TERMS Motivations That causes people to do something Need for achievement An individual’s need to be recognized Need for independence. Being one’s own boss-one of the strongest needs of an entrepreneur Professional-support network Individuals who help the entrepreneur in business activities Role models Individuals influencing an entrepreneur’s career choice and style Social status The level at which an individual in viewed by society Work history The past work experiences of an individual  © Copyright Virtual University of Pakistan 25 Entrepreneurship—MGT602 VU THE INDIVIDUAL ENTREPRENEUR (continued†¦) Lesson 10 LEARNING OBJECTIVES 1. To identify some key entrepreneurial feelings and motivations. 2. To identify key elements in an entrepreneur’s background. 3. To discuss the importance of role models and support systems. 4. To identify the similarities and differences between male and female entrepreneurs. 5. To explain the differences between inventors and entrepreneurs. ROLE MODELS AND SUPPORT SYSTEMS One of the most important factors influencing entrepreneurs in their career choice is role models. Role models can be parents, relatives, or successful entrepreneurs in the community. Role models can also serve in a supportive capacity as mentors during and after the new venture is launched. This support system is most crucial during the start-up phase. It is important that an entrepreneur establish connections to support resources early in the venture formation process. As contacts expand they form a network with density (extensiveness of ties between two individuals) and centrality (the total distance of the entrepreneur to all other individuals. ) The strength of ties between the entrepreneur and any individual is dependent on the frequency, level, and reciprocity of the relationship. An informal network for moral and professional support benefits the entrepreneur. Moral-Support Network It is important for the entrepreneur to establish a moral support network of family and friends. Most entrepreneurs indicate that their spouses are their biggest supporters. Friends can provide advice that is more honest than that received from others, plus encouragement, understanding, and assistance. Relatives can also be sources of moral support, particularly if they are also entrepreneurs. Professional-Support Network The entrepreneur also needs advice and counsel, which can be obtained from members of a professional support network. A mentor-protege relationship is an excellent way to secure the needed professional advice. The mentor is a coach, sounding board, and advocate. The individual selected needs to be an expert in the field. An entrepreneur can initiate the â€Å"mentor-finding process† by identifying and contacting a number of experts. The mentor should be periodically apprised of the progress of the business so that a relationship can gradually develop. Another source of advice is a network of business associates. Self-employed individuals who have experience in starting a business are good sources. Clients and buyers are also important as they provide word-of-mouth advertising. Suppliers are good components of the professional-support network-they help to establish credibility with creditors and customers, and provide good information on trends in the industry. Trade associations are good network additions, as they keep up with new developments and can provide overall industry data. Affiliations ith individuals developed in hobbies, sporting events, civic involvements and school alumni groups are excellent sources of referrals, advice, and information. Each entrepreneur needs to establish both a moral- and a professional-support network to share problems with and gain overall support. MALE VERSUS FEMALE ENTREPREN EURS Women are now starting new ventures at three times the rate of men. Women form over 70  © Copyright Virtual University of Pakistan 26 Entrepreneurship—MGT602 VU percent of all new businesses. Women now own over 8. 5 million small businesses, an increase of over 45 percent since 1990. In some respects female entrepreneurs possess very different motivations, business skills, and occupational backgrounds. Factors in the start-up process for male and female entrepreneurs are different, especially in such areas as support systems, sources of funds, and problems. Men are motivated by the drive to control their own destinies. Women tend to be more motivated by the need for achievement arising from job frustration. Departure points and reasons for starting the business are similar for both men and women. Both generally have a strong interest and experience in the area of their venture. For men, the transition to a new venture is easier when the venture is an outgrowth of a present job. Women often leave a previous occupation with a high level of frustration and enthusiasm for the new venture rather than experience. Start-Up Financing Males often have investors, bank loans, or personal loans in addition to personal funds as sources of startup capital. Women usually rely solely on personal assets or savings. Obtaining financing and lines of credit are major problems for women. Occupations Both groups tend to have experience in the field of their ventures. Men more often have experience in manufacturing, finance, or technical areas. Most women usually have administrative experience, often in service-related fields. Personality Both men and women tend to be energetic, goal-oriented, and independent. Men are often more confident and less flexible and tolerant than women. Backgrounds The backgrounds of male and female entrepreneurs tend to be similar. Women are little older when they embark on their careers. Men often have studied in technical- or business-related areas, while women tend to have liberal arts education. Many women busi How to cite Enterperneurship and Notes, Papers

International Journal Education Scholarship-Myassignmenthelp.Com

Question: Discuss About The International Journal Of Nursing Education Scholarship? Answer: Introduction The process of learning is a hard one but a wonderful and fruitful experience. The learning styles, the communication skills gained, the skills of data analysis, and the information literacy was useful in my learning and will help a great deal in my career life and my life generally (Bliemel, (2014). It is time to write a reflective journal on learning experience to evaluate what we have learned from the cyber security and the challenges faced thereof. This paper features the learning process, especially what worked well or what did not work well from my perspective. I realized that there are some aspects of the course delivery that I welcomed and also identifies the needs which I feel if rectified would advance my learning experience. Evaluate the effectiveness and your usefulness of the learning experience The mobilization of technology has brought about many transformations in the learning process which necessitates the need to be computer literate for one to be able to develop skills of learning. With the use of the tablets and laptops and for me to be effective in learning, I had to own virtual and physical space which brings forth a more conducive learning environment for proper knowledge transfer. Being available to the training institution was quite essential. The knowledge of technology integrated powerful tools effective for in-class learning. This included the use of robust communication and virtual lab environments. They promoted my robust interaction and collaboration with teachers hence improving my learning experience. What is your opinion about learning experience? Learning is a good experience especially in this dynamic world of computer-use and technology. With the increased need for cybersecurity due to the need to transact businesses, one has to have a learning experience which helps one to adapt to the business world dynamics. The changing approaches to address the cybercrimes necessitates one to be on the know-how and be updated on the current issues. The experience will help one to widen their minds in dealing with cyber hacking so that one does not fall a victim. What is the value of this experience? The learning experience is very valuable as it enables one to be informed of the current matters in the business world. The experience enables one to develop employability skills through the skill-building programs provided and the career education such that one is able to know what is expected in the job market by the time the learning process comes to an end. It also helps to engage with a variety of other students of different characters such that one develops the means of interacting with the community members and different kinds of people in general. In the process of learning, one is able to get engaged in various activities which broaden the minds and helps exploit one's talents so that one becomes diverse and not just stuck in one career. Explain how this learning process will be useful to you in: The learning experience is important in determining which kind of course to major in. This calls for the need to determine the relevance of the course which that it enables one to choose a course which is interesting and also worth learning. One finds motivation in learning what he or she is passionate about and fewer efforts will be used to create such an interest. One should choose a course which they feel will satisfy both their quest to learn and also their career and this is achieved through the learning process. Through learning, a student is able to identify the courses to start with and how their future careers will be mounded. program It enables one to adjust their time and learn how to manage their time so that every duty is well attended to. Setting priorities are part of learning and it enables one to attend to the important things first and avoid wasting time on the irrelevant things as the saying says that time is money. future career The learning experience is vital in determining the type of career one will venture into in future. As one learns, he or she discovers their talents and one is able to realize the kind of career that aligns with their talents. When choosing a career, it is important to consider the talents and abilities and also the interest in such a career. I was learning, I realized that there is a need to do research on cyber hacking not only to the large firms but also the small ones as they are the easy target so that whenever I focus on a certain career, I will be aware of the cybercrimes and the ways to deal with them (Chernomas Shapiro, 2013). Learning has helped me develop communication skills which are essential tools in the business world. life generally During the learning process, the real-life situation is introduced which is essential to learn about life and myself. It exposes me to various cultures, lifestyles, and languages which are important as the world shrinks with numerous international companies. It will help me to work freely with all kinds of people and under various working conditions. The industries and professions are at a relentless transfiguration and having a broad range of knowledge will be useful for me in the workplace (Chang Chen, 2015). Having a background in various areas of study is vital in order to excel in communicating with others and interacting with them both in the community and the workplace. Learning gave me a time to be out of parental supervision which gave a chance to develop myself adapt and ways of becoming independent in many ways. I will be able to understand and acknowledge the need for self-evaluation and its role in developing myself. Describe objectively what happened in the learning process During the learning process, I experienced a lot including interacting with many people from different backgrounds which helped me to develop a mechanism to adapt to new environments, settings, and challenges. I heard of a machine used for hacking called Engima created by Alan a computer science pioneer (Cohen, 2017). I have seen many sites where cybercrime is more prominent including the emails, ATMs and social media sites. This has created awareness in me even as I consider venturing in business online. Evaluate what you learn Businesses are the most targeted areas by the cyber hacking since the hackers focus on the huge amounts of money invested mostly in the big companies. Researching the businesses was useful in the learning process so as to be able to know and master the major and most sensitive and susceptible areas of cybercrimes. For instance, I realized that it is possible for the hackers to create a similar page as the true page of the site which is targeted for theft and a staff member is made to sign the page and give out critical information which is used to commit crimes (Shek et al, 2015). Explain your learning process: What was the reason you did particular activities (Assignment 1, Assignment 2? Doing a research on cybersecurity challenges was a critical assignment as the modern businesses depend on computers to store files and important documents. With the rise of cybercrimes, the privacy of the documents has been challenged and identifying the challenges faced in addressing the cyber security is of great significance to ensure that every possible effort is made to avoid such cases (Kao et al, 2014). Such documents hold the future of a company and if they are not protected against hacking, the company may end up making persisted losses and eventually collapse and have its future cut short. Learning various types of cyber hacking and how they happen gives an insight of how they can be avoided. Identifying the types of challenges is important as the company managers get a tip of how such crimes can happen and how they can be prevented or develop some more sophisticated means of storing the data. Explain Plan how this learning you will apply The learning will be of great importance especially in my future career life as I consider doing business online. I will be able to engage with highly-skilled programmers and talented personnel in my business who will be in a position to trace any form of hacking before it worsens and deal with it as required. As the methodologies of the cybercrimes are changing day after day, it is important to adopt a proactive defense mechanism is necessary to fight such crimes and maintain good systems of data storage. Generally, the learning experience has taught me various things which will build both my personal and career life. Having interacted with people from different backgrounds has helped me a lot in learning to adapt and work with all kinds of people under various conditions. Having learned about the challenges facing cybersecurity is a vital aspect of my career life as I will be able to assess the security level of the documents concerning my business. References Bliemel, M. J. (2014). Getting entrepreneurship education out of the classroom and into students heads.Entrepreneurship Research Journal,4(2), 237-260. Press. Burgess, C. A., Reimer-Kirkham, S., Astle, B. (2014). Motivation and international clinical placements: shifting nursing students to a global citizenship perspective.International journal of nursing education scholarship,11(1), 75-82. Press. Chang, N. C., Chen, H. H. (2015). A motivational analysis of the ARCS model for information literacy courses in a blended learning environment.Libri,65(2), 129-142. Chernomas, W. M., Shapiro, C. (2013). Stress, depression, and anxiety among undergraduate nursing students.International Journal of Nursing Education Scholarship,10(1), 255- Cohen, R. D. (Ed.). (2017).Inflammatory bowel disease: diagnosis and therapeutics. Humana Kao, A. B., Miller, N., Torney, C., Hartnett, A., Couzin, I. D. (2014). Collective learning and optimal consensus decisions in social animal groups.PLoS computational biology,10(8), e1003762. Press. Najjar, R. H., Lyman, B., Miehl, N. (2015). Nursing students experiences with high-fidelity simulation.International Journal of Nursing Education Scholarship,12(1), 27-35. Press. Shek, D. T., Sun, R. C. (2013). Post-course subjective outcome evaluation of a course promoting leadership and intrapersonal development in university students in Hong Kong.International Journal on Disability and Human Development,12(2), 193-201. Press. Shek, D. T., Yu, L., Wu, F. K., Ng, C. S. (2015). General education program in a new 4- year university curriculum in Hong Kong: findings based on multiple evaluation strategies.International Journal on Disability and Human Development,14(4), 377-384. Vhsantanen, K., Paloniemi, S., Hkk, P. K., Etelpelto, A. (2017). An agency-promoting learning arena for developing shared work practices. InAgency at Work(pp. 351-371). Springer, Cham. Press. Williams Middleton, K., Donnellon, A. (2014). Personalizing entrepreneurial learning: A pedagogy for facilitating the know why.Entrepreneurship Research Journal,4(2), 167-204. Press. Winkler, C. (2014). Toward a dynamic understanding of entrepreneurship education research across the campussocial cognition and action research.Entrepreneurship Research Journal,4(1), 69-93.

Sugawn Chair Critique Essay Example

Sugawn Chair Critique Paper Anthony Geha 10/27/08 Eng-101b-09 Mr. Mitchell My Family’s Sugawn Chair When I look around at people, and the way they act and respond to situations in life, I can’t help but wonder what it is that makes them act one way or another. Like complete asses in situations that don’t call for it, or other times when I feel like I can’t deal with something, there are those people who seem to have the patience of saints. I wonder if it is really the life they have lead and have been brought up to lead that crates their personalities for today. Does the fact that they have the warmest most loving supporting family make it easier for them to succeed in life? If there dad left when they were young, does it make it harder to trust people for them? Through the life I’ve lead myself; I’d have to believe that this is true. Now I can’t say that this is fact of course, but I will say that I’m sure if it was really thought upon, anyone could relate some aspect in their lives to how they were brought up. Then unfortunately as times passes as it surely will, you begin to lose people you love, people move, people pass away, family members divorce and move in different directions in life and nothing feels the same as it once did anymore. Even though this happens, you are still the person you are, on account of family and the values passed down to you. Though the times have changed, nothing in you has changed and you know the importance of the times past, then unspeakably and without warning, something triggers all those times in your mind and you can’t help but feel good. We will write a custom essay sample on Sugawn Chair Critique specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Sugawn Chair Critique specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Sugawn Chair Critique specifically for you FOR ONLY $16.38 $13.9/page Hire Writer In the story â€Å"The Sugawn Chair† the boy ultimately loses his parents and is forced to sell things in the house, and move on and forge forward with his life. He then comes upon the chair that has been in the attic for years now and when he sees it he remembers and I think he can really feel the presence of his parents and he will probably keep the chair and tell stories about it to his kids and so on for a long, long time. While reading this story it is easy to see that this chair is a symbol of their family and their togetherness and their love for each other. Almost everyone I know has a symbol of lost loved ones or family symbols that have been passed down from earlier generations, and my family is certainly no exception to this. However, in my family the item and symbol itself is a little bigger than most. As a kid and still to this day my dad’s side of the family would have Sunday night dinner at my Grandparents house in Glenmoore, it was a time for the family to get together each week, tell stories of their week and how everything was going, and of course to be together for a while. Each week there would be undoubtedly good food, loud conversations, and the occasional fights and butting heads of friends and family. Then after a while of having a babysitter as a child my grandmother told my mom that instead of bringing me and my brother to the babysitter on Thursdays (when my mom and dad both worked) why not just bring them to her house, and she would make dinner for us, almost like it was Sunday. My mom eventually agreed and I and my brother would be left at grandma’s house on Thursday afternoons along with my two cousins who were always over there because their parents both worked all the time. So as it began to continue this way for a long time, Thursdays became another day that everyone would go over to my grandparent’s house and eat dinner and talk and so forth. Well, in 1998 my grandfather was diagnosed with cancer and he unfortunately passed away later that year. He was a good man and though I was only 12 when he died I think we had a pretty good loving relationship. This was a sad time for everyone obviously, but we kept up with the dinners and I think it ultimately brought everyone closer together and made us value each other more. So time passed on and the Thursday night and Sunday night dinners continued. My Grandma had always wanted a bigger kitchen and after my grandfather died she thought it was time for a change in the house, so she had the whole house remodeled and now the kitchen is humongous! Along with the rest of the house as well, people would stop on the streets after it was done and just look in. The kitchen can easily be seen through the 6 big windows in the front of the house. My grandmother if you couldn’t already tell, loved to cook she was awesome at it and it brought her so much joy, that her cooking could bring so many people together. Then again in 2001 more tragedy struck our family. My dad’s brother, my uncle, was diagnosed with a brain tumor and he fought very hard for a long time but unfortunately in 2002 he passed away from it and this was a very hard time for everyone. Not only because of the person he was, but it was my grandmother’s child, and no parent should have to live to see the day one of their children passes. He also was working to become a reverend at his church and was extremely active with youth groups to help children find more religion in their lives. There was probably no one less deserving of his young death than him. But as time moved on, we coped and continued the dinners and continued to stay positive and loving. Over time we as the grandchildren, there is 5 of us, played baseball in the front yard and backyard, played basketball in the street in front of the house, played video games and so many other games like hide and seek and capture the flag (which was hard to play inside the house) we watched numerous world series games and super bowls there at my grandma’s house. It was a comfortable place for everybody. A warm â€Å"door’s always open† type of place. My grandma would feed anyone who walked in. She also owned a restaurant called â€Å"Minerva’s† on Fremont Blvd. where some of her recipes are still being used today, but that’s a whole other story that could go on for days. Years passed and in 2004 my grandmother was diagnosed with cancer. Now this woman was so stubborn and hard headed that she was certain she wasn’t going to let this affect her. So she fought, and there were years in between where she seemed totally fine and like everything was ok. She was the greatest grandmother you would ever have liked to know, and I guarantee you’d feel the same had you had the chance to meet her. Unfortunately though, as cancer does, it took her from us in mid 2007. At that time we were just adding on some more room to the house because my aunt and her family were going to move in, to be able to take care of her and also because their money was a little tight. She did get to see the house right when it was finished before she passed and she loved it. Now not too add so much crap to this already large pile of it, but we had just found out at around the same time as my grandma passed away, that my uncle, my aunts husband and my cousins dad, who had just moved into the house to live with my grandma, had cancer as well. He didn’t last very long unfortunately and he passed away late in 2007. So this combination of seemingly endless destruction of our family was a big hit. For a while I was unable to go over to the house at all. There was just constant weeping and remorse. There were too many fights to even remember and everyone seemed like the only thing holding them together was my grandmother, and now she was gone. There was hope though, as time passed as it seems to do, we all were forced to keep it together, fall out was impossible because this house was important to all of us and we all wanted ultimately to be there. To this day anytime I enter that house I am overcome with memories of so many years and so many events. Everyone still comes for Thursday and Sunday night dinner and we laugh and love. We still cook and clean, and talk to each other. The house is my symbol of my family, the memories that I have were created in that house and though so many people were lost, it is important to make their memories last forever. We talk about my grandpa and uncles and grandma all the time and there is always a smile of nostalgia on someone’s face. I’m not as young as I once was, so there isn’t as many games played or high school type stories told, but it always feels the same to me, to walk into that house.

Free Essays on Rip Van Winklel

Rip the Character I always thought the story of â€Å"Rip Van Winkle† was a kid’s story teaching the lesson to not be lazy. While in a way it still is a story about not being lazy it also symbolizes so much more than I ever knew. The character of Rip is used to show how the American man is seen from abroad. The foreigners stereotyped the typical American male as being the perfectly jolly over grown child, perpetually â€Å"one of the boys†, and ignorant of his own wife and the whole world of other adult men. Throughout out the following short essay I will discuss and support my topic of Rip as symbolic of the mythic American male. For example in the very beginning of the story Rip is perceived as a very lazy, yet jolly young man. When he’s introduced he is ducking out of work and avoiding the wife. All Rip wants to do is sit back and relax and let all the good things come to him. Rip himself does just enough to provide for him and his family. Speaking of his family, Rip’s children were very wild and ragged looking. Even his own son was taking after him all the way from his clothes to his attitude towards things. It is said in the story that Rip, if left to himself, would of whistled life away in perfect contentment. Such examples in the story point to how ignorant Rip is of his family and the rest of the world. Rip tried to work, but everything he tried don his own farm was useless. Every part of his farm was horrible. All his fences were falling apart, which sent his cows astray. Weeds had taken over his cabbage patch. Rip’s farm had become the worst farm in the town. No matter what Rip did his farm just wouldn’t do the correct thing. So instead of trying to fight his own farm Rip would take his jolly self into town every day. The children of the town loved Rip. Rip helped the kids build their toys, taught them how to fly kites, and shoot marbles. Just as a kid would be Rip was ready to do anyone o... Free Essays on Rip Van Winklel Free Essays on Rip Van Winklel Rip the Character I always thought the story of â€Å"Rip Van Winkle† was a kid’s story teaching the lesson to not be lazy. While in a way it still is a story about not being lazy it also symbolizes so much more than I ever knew. The character of Rip is used to show how the American man is seen from abroad. The foreigners stereotyped the typical American male as being the perfectly jolly over grown child, perpetually â€Å"one of the boys†, and ignorant of his own wife and the whole world of other adult men. Throughout out the following short essay I will discuss and support my topic of Rip as symbolic of the mythic American male. For example in the very beginning of the story Rip is perceived as a very lazy, yet jolly young man. When he’s introduced he is ducking out of work and avoiding the wife. All Rip wants to do is sit back and relax and let all the good things come to him. Rip himself does just enough to provide for him and his family. Speaking of his family, Rip’s children were very wild and ragged looking. Even his own son was taking after him all the way from his clothes to his attitude towards things. It is said in the story that Rip, if left to himself, would of whistled life away in perfect contentment. Such examples in the story point to how ignorant Rip is of his family and the rest of the world. Rip tried to work, but everything he tried don his own farm was useless. Every part of his farm was horrible. All his fences were falling apart, which sent his cows astray. Weeds had taken over his cabbage patch. Rip’s farm had become the worst farm in the town. No matter what Rip did his farm just wouldn’t do the correct thing. So instead of trying to fight his own farm Rip would take his jolly self into town every day. The children of the town loved Rip. Rip helped the kids build their toys, taught them how to fly kites, and shoot marbles. Just as a kid would be Rip was ready to do anyone o...