1Introduction 2Theme 1, Importance of entrepreneurship 3Theme 2, Profile of the business Business Environments oMicro Environment oMarket Environment oMacro Environment SWOT Analysis Findings about the organization 4Conclusion 5References 6Annexures 3 3 & 4
4 & 5
5 5 5 6 6 & 7 7 8 9
INTRODUCTION
Entrepreneurship is less a personality characteristic than it is an economic phenomenon (Maranville, 1992). Entrepreneurship is when a business minded person takes courage to risk his or her capital, time and all resources relevant to kick-start or lay the first stone of a new business. The essence of entrepreneurship lies in the perception and “Entrepreneurship also contributes to social cohesion, by increasing employment, economic reward and work satisfaction”. Job creation is the greatest factor contributed by entrepreneurship in an economy of a state, since most citizens get employed in companies or businesses kick-started by an entrepreneur. The significance of entrepreneurship expands to decreasing the unemployment rate of a state and decreasing the poverty rate and also leads to enrichment of the economy pursuing the developed country stage. In South Africa, entrepreneurship is the most significant aspect in the country’s economy. Wealth is influenced by companies laid by entrepreneurs improving the equal distribution of income as stated in the constitution of the country. Reduction in Terrorism and Criminal Activities: Youths involved in terrorism and criminal activities such as illegal oil bunkering, ballot stuffing and ballot snatching, drug peddling e.t.c will be gainfully employed (Ojo and Oluwatayo, 2015). Entrepreneurship will also lead to enrichment of the country’s infrastructure and attracting more foreign tourist to our country. According to (Ojo and Oluwatayo, 2015) Economic Diversification: Entrepreneurship can reduce overdependence on the petroleum industry which is technology intensive with limitations in employment Avon and the rest of our competitors sell their products at lower prices and Avroy Shlain’s products are a bit expensive.
FINDINGS ABOUT THE ORGANISATION
Avroy Shlain Cosmetics has a unique rewards programme that offers amazing incentives, greater earnings potential and a rewarding way of earning money each month. Starting your business with Avroy Shlain Cosmetics doesn’t just mean supplementing tour income each month. As an Avroy Shlain Cosmetics Distributor, you have the following opportunities: Incredible rewards and recognition Working hours that suit your lifestyle Great growth opportunities Free training and support No qualifications or experience necessary.
Avroy Shlain also offers a revolutionary 6 step Management Programme to help you develop from being a Beauty Advisor to a Manager, you can enjoy benefits like: A greater earning potential Develop the confidence to change your life Bigger, better incentives Attend annual sales celebrations and awards
Introduction Entrepreneurship or entrepreneurs exist through the interpretations made by individuals, groups of individuals and different cultures in a society. Story telling can be traced back since the birth of the human beings. Robin Bruce 2017, in her article on the importance of entrepreneurial storytelling quoted the view of Howard Gardner, “Stories are the single most powerful weapon in a leader arsenal”. The most significant story one will ever tell to its stakeholders or investors is one…
She has been the spoke person for many events and host many workshops on women empowerment, leadership, entrepreneurship, career development, and mentoring. She is the author of 7 Steps to Grow Your Professional Network: A Guide for College Graduates and Professional in a Touch Economy. According to Carmeka Smith, “Your network determines your net worth, …grow…
that creates a new dimension of performance” (Peter Drucker, 1991). In Innovation and Entrepreneurship, he says that innovation is the specific tool of entrepreneurs and the means by which they exploit change as an opportunity for a different business or a different service; innovation is capable of being presented as a discipline and it can be learned and practiced.( Peter Drucker , Innovation and Entrepreneurship , p.34) Innovation can also be defined as the application of new ideas to…
Entrepreneurship, change management and its importance Table of Contents 1. Introduction ................................................................................................................................... 3 2. The important of entrepreneurship change.................................................................................... 3 2.1 Definition of change and change management ....................................................................... 3 2.2 Reasons for change ..…
Entrepreneurship: Successfully Launching New Ventures, 4e (Barringer/Ireland) Chapter 1 Introduction to Entrepreneurship 1) GiftZip, the company profiled in the opening feature for Chapter 1, makes money via: A) payments from companies that offer gift cards for displaying their cards on the site B) the direct sale of gift cards displayed on its site C) monthly subscription fees D) online advertising E) earning an affiliate fee for gift card purchases that originate from its site Answer:…
Introduction The terms “entrepreneurship” and “entrepreneur” are used extensively today. Definitions have emphasised a broad range of activities including the creation of organisations (Gartner, 1988). There is a wide agreement among economists that entrepreneurship is a crucial factor in the diffusion of new technologies (science, 2001). However, entrepreneurial agents are almost invisible in standard economic theories embedded in the mainstream neo-classical paradigm. Within this essentially non-linear…
Department for Culture, Media and Sport Creative Industries Division Developing Entrepreneurship for the Creative Industries Making the case for Public Investment 2 Developing Entrepreneurship for the Creative Industries Foreword by James Purnell MP, Minister for Creative Industries and Tourism and Chair of the Creative Industries Higher and Further Education Forum In 1998 and again in 2001, the Department published a Creative Industries Mapping Document which allowed for the first time the…
BUS 6011 – Entrepreneurship and Small Business Development (UG Level 6) Assessment Criteria Student ID: Marking Tutor: 1st (70+) 2:1 (60-69) 2:2 (50-59) 3rd (40-49) Fail (less than 40) Marks (%) A) Introduction (15%) (approximate 300 words) B) Describe the project clearly, e.g., its theoretical conceptual background, its importance/significance and (if any) its limitations. Moreover, a brief introduction of the business entrepreneur selected and an identification…
‘Triangle’ is. A polygon with three sides and thus three angles. And attributing each angle to the three concepts, namely entrepreneurship, innovation and economic development is the best way to describe the relationship between the three. Depending on the definition, as there are many, we use for each individual concept we can vary the degree of their angle measure or importance in this triangle or relationship. Supporting this view of relationship Schumpeter(1934) argued that economic development…
Module title: Entrepreneurship in Construction & Property Module code: CE2CEC Providing School/Department: SCME Level: 2 Number of credits: 10 Terms in which taught: Number of ECTS credits: 5ECTS credits Module convenor: Dr Milan Radosavljevic *Other teaching staff: Pre-requisites: None Co-requisites: None Modules excluded: None *Module type: Maximum number of students: N/A Current from: October 2009 Summary module description: This module introduces students to…