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Management Literature

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1- Introduction

Management literature has pointed out that many of the definition of the term entrepreneurship are given. These interpretations are still undecided. It is suggested that definition of the term may refer to self-employment, leadership, proactive and initiative. In contrast, definition of entrepreneurship may describe the person who is initiator, major, originator, risk taker, productive, creative and bold. Moreover, some scholars defined entrepreneurship such as Dolling in1995 who said that entrepreneurship is the process of creating economic organization, which is Characterized by creativity, in order to make a profit or growth under conditions of risk and uncertainty. Entrepreneurship has been described as Entrepreneurship is linked to exact planning to face calculated risks based on the knowledge of the market and the availability of resources in order to achieve the desired success (Carbonar1998).  It could be an optometry to student in “Entrepreneurship” subject to present a new definition of Entrepreneurship based on materials that have been given in lecture. In this essay, entrepreneurship could be defined as the following Establishment of unique business that can be characterized by creativity, calculated risks and not be easily to copy; also, taking into account the quality of product / service and consider about stakeholders. It is obvious that definition includes both what scholars have described and new aspects. This aspects are quality of products/services and stakeholders protections. Proofing the majority meaning of definition will be provided.

 

2- Agree with past definition

 

2- 1 Agree with past definition …. Unique-add value-customer needs  

 

As a normal traditional definition of entrepreneurship, the main characteristics that are unique and adding value to customers. These angles are significant that can be characterised entrepreneurship. Firstly, should be Unique          Secondly, values that benefit customers            Thirdly, meeting customers needs that represents opportunity in markets by filling gap .

 

2-2 Agree with past ….. creativity, calculated risks … not be easily to copy

 

 

It can be argued that entrepreneurship is creativity, calculated risks and not be easily to copy.

 

3- New, quality of product (quality could help business  

 

Focusing on quality of products can be defined entrepreneurship for several reasons.

 

 

3-1Quality of product / service

It can be said that maintaining the quality of the product significantly contributes to the continuation of the business (references). The term quality is comprehensive. The meaning wanted to identify is that an entrepreneur commitments to apply quality requirements in their business when he/she needs to provide in the market or for her/his client. An entrepreneur may have concern about how I can start my business in powerful manner when the market analyses or feasibility study phase is started. One of the solutions is paying attention to quality requirements. A question may arise and saying what are the quality standards needed to be applied in my field. In order to make it clear, you have to select the appropriate standards that serve your business. In fact, there is a real example that relates to medical services; there are international standards called ISO 0000 ( take two lines ). Another example is international standard ISO 9001:2015 for administration practice (two lines). The third example, there is a quality tool called 6 sigma which is possible for companies or existing business whose find a risks or viarens. Six segma can tool can be used to reduce a certain risks and thoughtful. mohammed there are six things( four lines ) . (17025 ) Quality of laboratory systems are ISO 17025 and is specific standard  for laboratory and contains both the administrative and technical system of the where he was able to focus on customer requests. Let us analyse what were minshed in this paragraph the customer is the common factor in the quality systems.  As a result of that, not surprisingly, the evaluation of Entrepreneurial business is depending on the output that can be said it becomes controlled. As a result of that it can reflect to all business  

 

3-2 Consider stakeholders

It is not easy to ignore stakeholders when we need to define Entrepreneurship.  Stakeholders (who is that with references; could be three lines). (talk about   stakeholders can help business to success)

3-2-1 Internal customer

Through the problems that afflict companies from time to another; layoffs at some companies is possible to occur for several resones. and establishment of an Entrepreneurial business could be done in rapid way, which is resulting inaccurate estimation of manpower when feasibility study plan is performed may end up to a certain number of employees. because of lacking, shortage of demands. this action could be made in order to rescue companies from file. As a result of that it could cause crisis with workers who is needless of their services. Also, workers may have responsibility to their family for instance feed them. Therefore, it is important to take into account workers protection. However, to some extent, the company has been directed to lay off employees that it may resort to emergency time a company other words exit plan. So the point was that the duty of the entrepreneur rectify this matter from the early establishment of the project. Moreover, the international standard ISO 9001 recommends that the facility be clearly defined organizational structure and that Libby on the company's functions and translates it on the ground is to know every person the work being done and what is called a job description. Something else has to be the entrepreneur that grown in staff and is loyalty to the company where it can be seen through Views role of loyalty in this sacrifice for the employees of the company (reference)

 

3-2-2 External customer

It has been minshed in this essay about external customers. However, in these paragraph, how we can apply CRM customers relationship management (five lines)

 

3-2-3 Society

There is international stander that focusing on Society responsibility called ISO 26000. As en Entrepreneurial business looking for Society should be considered. Having important position in certain market could be occurred; however, benefit Society is needed (referees). Examples (two examples). It can be argued that Society responsibility is one of entrepreneurship term characteristics.

 

 

Management Literature

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Question 3 Care Plan HLTEN510B Nursing Care Plan Philip Lusk is a 69 year old Italian man who lives with his wife in a low-care facility. He has recently been diagnosed with early stage Dementia. Mr Lusk has behavioural and psychological symptoms of dementia. Every day he paces around the facility i ...

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