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The UK Market and Enterprise Culture The UK market is considered one of the top spots for venturing into new startups as the entrepreneurs are clocking towards the major cities of the United Kingdom. Eventually, London has become one of the known centres for enterprise cultures, and thus, London has been accountable for large numbers of businesses, and it has risen to 18.7% of the total number of a startup in the country. As per the data of 2018...
Market PotentialDiscovering home food in a distant land is a tough task. It has been often observed that individuals are deprived of their comfort food or sometimes termed soul food, in a foreign land. The desire for much-treasured home food in its authentic form increases with time when stay becomes longer, and foreigners begin to lose interest in the meals whenever they cannot get their preferred traditional and authentic food. It also gives...
Core Elements of Entrepreneurial ArchitectureThe concept of corporate entrepreneurship is necessary for the growth and enhancement of innovation within organisational set up (Tseng and Tseng 2019). Again, Urbano et al. (2022) commented that, Corporate Entrepreneurship, otherwise known as Entrepreneurship is the scope that the company develops for new business, services or products. The study by Göcke, Hülsebusch and Menter (2021) T...
Componential Theory of CreativityInnovation refers to adapting knowledge and innovative ideas to the organization's benefit. It is the process that transforms different ideas into marketable values (Amabile 2011). Innovation in entrepreneurship leads to creative development because it enhances a brand's creativity, nature, and design innovation. Entrepreneurship opens various doors for opportunities, and it gives durability to the organization...
Difference Between Social Enterprise And Business EnterpriseThe main aim of the paper is to talk about the difference between social enterprise and business enterprise. The differences between the two kinds of enterprise will be critically highlighted, along with the similarities. The differences and the similarities will help in the understanding of the way in which these kinds of enterprises work. Real-life examples will be connected to the ...
Creativity, Innovation, and EntrepreneurshipCreativity, innovation, and entrepreneurship are related to each other at the same time very much different from each other. Creativity is the raw idea or concept of an individual that exists inside them, the unique special idea that is completely different from the others are creative ideas. When these ideas are given life as a practical approach is given, when concepts and creative ideas turn into ...
Naomi Simson: Brief OverviewIn this report, an attempt is made to analyse an Australian Entrepreneur who have accomplished success in business venture. Entrepreneurship is a method of scheming and operating a business in the unique way to gain profits in the most effective manner. Entrepreneur is an individual who commenced a business operation that usually assisted by small amount of fund that is the capital of the business to run the whole o...
Topic 1: Introducing CreativityThis reflection report presents the different activities that were performed by me during this lecture. It also depicts the skills that I have improved in lectures, while undertaking the topic/session. It also defines the certain aspects that I have learned from this lecture. It evaluates my interest in engaging in lectures. This report demonstrates the ways by which I and my team members have organized the tasks...
Products and MarketThe LA super store is a start up retail store that will be established and set up in Melbourne, Australia. Business will deal in providing customers with interesting options of merchandizing at negotiated prices. Financing of the business will be done by way of private investment. Such financing will help the business to carry out their operations smoothly for almost two years. Contribution toward the business venture will b...
Introduction and Reflective Journal ScopeA reflective journal is nothing but a means of recording personal thoughts, ideas, experiences, reflections and also the insights gained while the learning process or throughout the research process. Jotting down all the experiences on a single piece of paper might give a new and entirely different perspective over certain things or issues. The reflective journals are also considered a great way to find c...
Background of Katie PageEntrepreneurship is an essential characteristic that is possessed by a person, having the confidence and diligence of establishing a business of their own. The characteristics of such a person include confidence, innovation, hard work as well as high risk. Australia has a large number of famous entrepreneurs who have left their footprints in the business world, and has established themselves as leaders in the business w...
Process of InnovationInnovation is a procedure of converting creative ideas into reality to improve existing product, service and process. In recent years, the role of innovation has grown substantially, and corporation uses it to gain competitive advantage and sustain their development in the market. Experts argue the importance of incremental innovation when compared to radical breakthroughs or ‘eureka’ movements in innovation. T...
Analysis of the characteristics or traits of the EntrepreneurSam Prince, an Australian doctor who is a Scottish-born individual with Sri Lankan heritage working as an entrepreneur. Sam runs a Mexican restaurants chain as well as he is much involved in aid and social work in three major regions comprising Cambodia, Vietnam and Sri Lanka. At the age of 21 only, Sam started working as a Chef in the Mexican Cafe. It was the time when Prince was ...
Problem and need analysisThe report includes the initial and ideal concept of entrepreneurship and how the business gets started. Hypothetically the ‘Foam & Tear Free Shampoo’ and conversion of ‘Waste to Wow’ has been selected as the ideas for inculcating the business. In order to start the business firstly, the niche market is targeted, in concern with Foam and Tear-free shampoo the target market is newborn babies ...
The Company's GrowthThere is a need to set up SMART growth objectives for I face. These objectives will serve as the motivation for the employees and keep the organization on the right path of progress. The objectives can be as follows: a) To increase the revenue by 1 million in 3 years b) Increasing the profit margin by 30% in 3 years c) Increasing the customer retention rate d) &nbs...
Assessment/evidence gathering conditionsIt is expected that unless a simple extension, special consideration or disability services adjustment has been granted, candidates will submit all assessments for a unit of study on the specified due date. If the assessment is completed or submitted within the period of extension, no academic penalty will be applied to that piece of assessment. If an extension is either not sought, not granted or is gr...
Value propositionThe apparel and footwear market of UK is growing rapidly during the last few years especially after 2011.In the financial year of 2018, the market value is expected to reach to almost 60.7 billion Euros which was 57.8 billion last years (Remy, Speelman and Swartz 2016). However, few problems are undertaking such as water consumption as production of a single cotton t-shirt needs to use 2700 liters of water. Moreover, every yea...
The Concept of Entrepreneurship, Small Business, and InnovationThe role of sports in modern world is very crucial for ensuring that the people are engaged in physical activities and thereby also maintain their fitness. Among the different sports which are played in different countries, Football is the most followed and celebrated sports. The sports of football capture the imagination of young generation and also, they tend to follow the footba...
Key Milestones for a Sushi Restaurant BusinessMilestone for the sushi business is relevantly essential, as it helps in understanding the pathway in which the business can direct and flourish. In addition, the milestones indicate relevant dates and projection of identified achievement, which needs to be conducted for luring in investors and gathering the required funds for the business. Furthermore, the milestones relevantly indicate the future...
BackgroundSir Robert Kuok born on 6th October in the year 1923 is a business entrepreneur and investor in Malaysia. The Forbes magazine has published that total property is estimated to be $14.8 billion in March of the year 2018, which makes him the richest man in Malaysia and sixth richest person in Southeast Asia. Forbes List of World Billionaires of the year 2018 has positioned Robert Kuok in the 96th position. In May of the year ...
Set for Life Lottery: An Example of Ordinary IncomeHere the case to be discussed is about the Lottery Commission. The lottery commission hosted a lottery called the “Set for life”. This lottery is the official lottery of Australia. In this type of game the winner has to choose a set of numbers and these chosen numbers has to click with the winning numbers (Woellner et al., 2016). In the lottery discussed in this project the winner...
First personal journal entry setEntrepreneurship represents the capacity of a unit to establish and successfully lead a start-up business. In the opinion of Johannisson (2017), entrepreneur definitely needs to have few positive traits to conduct a successful business that includes, optimistic nature, positive body language, transparent communication, leadership, team handling, correct allocation, sales and marketing and finance management. The i...
Ci 2017 (creative innovation 2017) by, Gary or Liz BaldwinCi 2017 (creative innovation 2017) by, Gary or Liz Baldwin, Baldwin Consulting Group was held on 13-15 November 2017, Melbourne, Australia. Ci2017 ("Nationalpolicyseries.com.au", 2018), main motive and aim was to increase the awareness of the advancement of robotics, artificial intelligence, healthcare, automation of jobs and vehicles, workplaces and cities of the future and other...
BackgroundAccounting for investment in joint venture is done as per regulated standards. According to which investment value is increased by the amount of share in profit (Murray, 2018). Dividend received from investment will reduce the investment value (CFI, no date). At the time liquidation of any company, the realization of the assets is allocated to the secured creditors, liquidators etc. and the balance shall be distributed proportionate...
Question 1: Accounting for investment in Fry Ltd by Small Ltd1.The following are the desired calculations: Part a: When consolidation is not done Particulars Debit Credit 01.07.2017 Investment in Fry Ltd 50,000.00 Cash 50,000.00 01.07...
