Seminar paper from the year 2016 in the subject Business economics - Company formation, Business Plans, grade: 81%, University of South Wales, language: English, abstract: The paper aims to analyse the current situation of a fictive company and moreover to work out an adequate internationalisation strategy considering the following three key objectives: 1. Reduce labour costs by shifting the production- centre to a low-income country, 2. Enter new markets in countries with a low level of market satisfaction, 3. Enlarge the range and variety of products through a highly educated R&D-Team. After evaluating the business environment, three potential target countries for the internationalisation process are assessed. In a next step the strengths, weaknesses, opportunities and threats are lined out. Moreover a PEST-analysis is conducted to prepare for the location decision. Finally, the most adequate method is selected and a brief conclusion and recommendation are given.
Research Paper (undergraduate) from the year 2016 in the subject Business economics - Company formation, Business Plans, grade: 1, Uppsala University, language: English, abstract: Within a world of emerging global markets and rapid technological development, there is a strong demand for entrepreneurship within established companies in order to stay competitive. According to different studies, there is a positive linkage between Corporate Entrepreneurship (CE) and companies performance, which leads to a strong demand from organizations to foster their entrepreneurial culture. The recruitment and selection function within Human Resource Management (HRM) is an essential driver to attract, develop, and retain entrepreneurial people within corporations. The literature proposes that companies should match their selection criteria to the identified dimensions of Entrepreneurial Orientation (EO). However, there is a lack of research if companies have specific HRM practices to select and retain entrepreneurial people. By investigating the recruitment requirements and development possibilities of Swedish-based companies, this study contributes empirical knowledge to the topic of how companies deal with HRM and CE. This information improves the understanding in the Corporate Entrepreneurship literature.
It can be hard for busy professionals to find the time to read the latest books. Stay up to date in a fraction of the time with this concise guide.Eric Ries 2011 bestseller The Lean Startup is a valuable guide for startup founders and aspiring entrepreneurs. Ries applies the methods of lean management to the creation and development of startups, with the aim of allowing users to reduce waste, optimise production processes and find out what their customers really want. The principles of his approach will help entrepreneurs to achieve sustainable growth and adapt rapidly to changes in their environment, which is vital given the uncertainty and risk which characterise most startups. The Lean Startup has won legions of devoted followers all over the world, and Ries innovative approach has been applied to many businesses across a wide range of sectors.This book review and analysis is perfect for: •Startup founders looking to ensure sustained growth•Entrepreneurs and anyone thinking of starting a company•Anyone interested in understanding this innovative approach to entrepreneurshipAbout 50MINUTES.COM | BOOK REVIEWThe Book Review series from the 50Minutes collection is aimed at anyone who is looking to learn from experts in their field without spending hours reading endless pages of information. Our reviews present a concise summary of the main points of each book, as well as providing context, different perspectives and concrete examples to illustrate the key concepts.
An insightful and practical toolkit for managing organizational growth Growing Pains is the definitive guide to the life cycle of an organization, and the optimization strategies that make the organization stronger. Whether growth is rapid, slow, or not occurring at all, this book provides a host of solid tools and recommendations for putting everything in order. Now in its fifth edition, this invaluable guide has been fully updated to reflect the current economic climate, and includes new case studies and chapters discussing nonprofit life cycle tools, leadership challenges and the leadership molecule, and real-world applications of the frameworks presented. The latest empirical research is presented in the context of these ideas, including new data on strategic organizational development. Mini-cases that illustrate growth management issues have been added throughout, with additional coverage of international entrepreneurship and companies that provide a frame of reference for the perspective being developed. Growing pains are normal, and a valuable indicator of organizational health, but they indicate the need for new systems, processes, and structure to support the organizations size. This book provides a practical framework for managing the process, applicable to organizations of all sizes. Understand the key stages of growth and the challenges of each Measure your organizations growing pains and development Deploy new tools that facilitate positive organizational development Make the necessary transitions required to ensure sustainable success Some companies, even after brilliant beginnings, lose their way as growth throws them for a loop. Growing Pains identifies the underlying factors that promote long term success, and gives you a framework for successfully managing the transitions of growth.
Research Paper (undergraduate) from the year 2017 in the subject Business economics - Company formation, Business Plans, grade: N/N, , language: English, abstract: This paper represents a business plan and feasibility study for a chocolate factory outside Riga/Latvia. In its first section the paper depicts product line, organizational principles, supply chain strategies, and marketing strategy. In its second section it bases the enterprise on analysis of market and business environment in Latvia. It can be shown that the project falls in line with both economical developments and national and EU policies favoring foreign investment. The paper assumes a fictional but realistic mother firm in the UK to expand to the national market of Latvia in this way. The business plan comprises a description of products, a marketing strategy, a depiction of organization, basic corporate strategies and envisaged supply network, and a schedule for implementation. The feasibility study provides market and conditions analysis and financial rationale.
This brief presents a detailed look at the entrepreneurial ecosystem of nations around the wold by combining individual data with institutional components. Presenting data from the 2017 Global Entrepreneurship and Development Index (GEDI), which measures the quality and scale of entrepreneurial process from 137 countries world-wide, this book provides a rich understanding of entrepreneurship and a more precise means to measure it. In addition to yearly data and comparison, this 2017 edition also explores the digital entrepreneurial ecosystem and provides a detailed analysis of two measurements of entrepreneurship: the GEDI and the Total Early-Stage Entrepreneurial Activity (TEA) measure. Whereas developed countries will be challenged to increase their economic productivity to sustain current standards of living as their populations rapidly age, developing economies will need to integrate more than two billion young adults into the world economy by 2050. How can more than one billion jobs be created in the developing world within this timeframe, especially in the least developed countries, where poverty and massive unemployment are already dominant facts of economic life? How can we measure, monitor, and build the ecosystems to produce such growth? The GEDI is designed to profile national systems of entrepreneurship. It links institutions and agents through a National Entrepreneurial System (ecosystem) in which each biotic and abiotic component is reinforced by the other at the country level. The resulting data gives policymakers a tool for understanding the entrepreneurial strengths and weaknesses of their countries economies, thereby enabling them to implement policies that foster productive entrepreneurship. The GEDI also helps governments harness the power of entrepreneurship to add these types of challenges.
Seminar paper from the year 2013 in the subject Business economics - Company formation, Business Plans, grade: Credit, Private School of Business and Social Studies, language: English, abstract: The business proposal provides an overview of the food & beverage concept of a Thai restaurant called VeriThai. Our business caters to a cross section of the customers deriving from the surrounding countries in Asia, as well as from faraway western countries. The concept of this restaurant offers modern contemporary Thai cuisine that draws on the cultural diversity of Thailand that is suitable to the palettes in Singapore. Our unique proposition is our clean, fresh and creative foods that are seasoned with herbs and spices of Thailand with ready to make dishes upon advanced notice. The food business in Singapore is a fairly huge market, serving a potential market of more than 5 million. The revenue for food and beverage in Singapore has been increasing to $8,317 million in 2013 and restaurants accounted for 40% of the industry and recorded the largest increase of 8.5%. This shows potential as more visitors are also expected to arrive in Singapore.
Career development is often neglected in family firms, yet it is essential to the continuous process of building leadership capacity for the future. A well-planned and effective career-development process enables individuals meet the strategic challenges of the future. This guide enables family businesses to shed their sink or swim attitudes and foster the development of highly skilled leaders for succeeding generations of success. AMY M. SCHUMAN Principal of the Family Business Consulting Group, Inc. and works with family businesses on leadership development, communication skills and team building. Amy was the founding facilitator of the Next Generation Leadership Institute, an intensive, two-year program for next generation family business leaders that is part of the Loyola University Chicago Family Business Center.
Research Paper (undergraduate) from the year 2017 in the subject Business economics - Company formation, Business Plans, University of South Wales (Faculty of Business and Society), language: English, abstract: I am currently running a computer manufacturing business, which produces own designed computers. My company is located, in my own house in the United Kingdom. I established the company as a hobby besides my employment at an international computer manufacturing company. However, with the beginning of the New Year, I decided to quit my job and become self-employed. To ensure success with my business, I have to create a structured approach for future business development. Within this paper, I will develop my strategy, as well as aims and objectives for the business development over the coming three years. To begin with, I will analyze the current business environment of the computer manufacturing industry with the PESTEL framework. In connection with the environmental analysis, I execute a market analysis and evaluate the current situation on the computer manufacturing market. Afterward, I execute an internal analysis, which results in strengths, weaknesses, opportunities and threats for the future business development. Based on these findings I deduct my new business strategy and define my product portfolio. In result objectives for the coming three years are defined.
Seminar paper from the year 2016 in the subject Business economics - Company formation, Business Plans, grade: 4.6/7, Damodaram Sanjivayya National Law University, course: B.A, LLB, language: English, abstract: The project at large will be dealing with the aspiration of the youth, the people who intend to build their startup and grow like the successful entrepreneurs. The term entrepreneurship comes from the French verb entreprendre and the German word unternehmen, both mean to undertake. Bygrave and Hofer in 1891 defined the entrepreneurial process as involving all the functions, activities, and actions associated with perceiving of opportunities and creation of organizations to pursue them. In simple, entrepreneurship is the act of being an entrepreneur, which can be defined as one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods (Santhi and Kumar) This paper draws together arguments, conclusions and insights generated by research to develop and test practical tools that could help development practitioners use sustainable livelihoods approaches in the particular context of enterprise development. The constraint of finance seems to be the primary reason, though there are several other constraints which seem to have been hidden by the seasoned politicians. The act of not reimbursing the small-scale industries sectors has demoralized the novice and the adept entrepreneurs in executing their plan.