Business And Entrepreneurship paper   Introduction Innovation is sole preserve to start-up or small enterprise, as they are agile enough to respond to opportunities quickly. Their lack of resources also forces them to find creative ways of addressing market needs while maintaining low operating costs. In contrast, a large organization is often slow to change (or even resistant to change), relying instead on what has made them successful in the past. Sometimes the intrapreneurial activities arising within an organization are not aimed at improving the existing products, services, or markets of the parent organization. In such instances, they may be aimed at addressing social challenges outside the routine areas of interest of the organization. These initiatives are termed as social intrapreneurship Some large firms recognize this complacency and actively encourage ways for staff to be more entrepreneurial. Intrapreneurship is a way of stimulating innovation and adaptability. While there are different forms of intrapreneurship, they have a common theme to enable large organizations to realize the benefits of entrepreneurship, such as the introduction of new products and services into their existing…

counterfeit community A counterfeit community is a community that has been interrupted. The interruption may either be in the form of corruption or any other kind of community miss-conduct. Different risks are associated with living in a counterfeit community. One of them is that there is a high rate of crime. The security in these communities is on stake. Following the research performed in 2009, BASCAP reported that there was an increase in the price of crime due to counterfeit. Another danger is that health statuses are on stake. This is because, in such communities, health services are below standard following the fact that the government has no control over the assistance given to its people. Additionally, the community lags in infrastructure. This is because the money that could be used in development is directed to develop other communities or is misused by those who are responsible for it. Moreover, the city there is little or no innovation within the community. This is because all the individuals within the community work only to benefit themselves. Unlike in other areas, these…

Best Entrepreneurial Ideas Introduction Entrepreneurship is the practice of establishing business enterprises alongside existing opportunities and uncertainties to generate profits and provide a solution to an existing social problem. It involves the process of systematic innovations and analysis, which helps to determine avenues for creating business enterprises that promote economic and social change. In the economic sense, entrepreneurs engage in activities that promote the appropriate use and management of industrial and natural resources such as land, water, labor, and capital to develop profitable ventures. The entrepreneurial vision directs towards promoting competitive advantage in the global marketplace through analysis risks and developing strategies to mitigate the risks. Entrepreneurs are people who engage in entrepreneurship. They are people who often exhibit traits such as risk-taking, innovation, and determination, which helps them develop strategies to modify existing ideas or creating new concepts that have never existed in the marketplace. Entrepreneurship promotes several socio-economic benefits in society. They help in solving socio-economic problems, promoting social development, improving living standards of members of the community, creating jobs, and promoting innovation, among others. It is an…

Impacts of Organizational Motivation Strategies on Employee Performance   Background In any business entrepreneurship, labor is essential because it is a factor of production, just like land and capital. Employees play a critical role in business organizations; they are involved in hands-on operations in the production of goods and offering services. At the dawn of the industrial revolution, just after World War II, many people that included the baby boomers begun to settle for employment in production industries. Some companies realized that the only way that they could increase production is if the employees were motivated to work more intensively. Since then, employee motivation strategies have significantly evolved; new motivational strategies are still evident. As motivational strategies change with time, business management strategies also change. Some business organizations have not realized that some motivational strategies have little impact on employee motivation, and yet they invest a lot of money and time implementing them. Such businesses must come up with better strategic plans that will help in understanding the necessary changes in employee needs. Some of the requirements cannot be realized…

Explanatory Factor Analysis and Principal Component Analysis Similarities and differences in the exploratory factor analysis and principal component analysis Many similarities exist between the explanatory factor analysis and principal component analysis. Both tools assume that the measurement scale is interval or ratio level. Also, the explanatory factor analysis and principal component analysis agree that there is a linear relationship between observed variables and normal distribution for every observed variable. In addition, in the two analyses, every pair of observed variables enjoys a bivariate normal distribution. However, the analyses vary in many ways. First, the objective of the principal components analysis is to illuminate the majority of the total variance in as much as possible. In contrast, the goal of the explanatory factor analysis is to illuminate the correlations between the variables. Second, in explanatory factor analysis, the original values are described as linear combinations of the aspects, whereas in principal components analysis, the components are computed as linear combinations of the original variables. Third, the principal components analysis is used to decrease the data into the small number of components,…

Mark Holyoake’s  Oakvest Million Dollar Business. Mark Holyoake has always had an interest in closing in on an available niche on the food Industry. With specific goals like improving the standards in the food industry as well as creating a thriving long-term business, Mark achieved the vision. He became thrilled with the Industry after working as director of various seafood companies. During his terms as director, Mark garnered the much-needed skills and the technical knowhow that would prove useful later in his business venture. But one would wonder, how did he get into the business? Holyoake recognized a gap, which was the instability in Iceland and moved to create unity among the fishing groups. He had auctioned a somewhat risky venture, which brought tremendous growth and development in the business and positively impacted the lives of many natives. Known as the owner and founder of Oakvest Holdings, Mark increased his profitability through the massive purchase of Iceland Seafood International shares.  Mark thrives in strategy and planning. In ten years, He had created long-term financial stability for his company by utilizing…

The Alchemists’ Case Introduction In the chapter Dig Where You Are by Doyal’s, Light’s Four Components Entrepreneurship has been clearly expressed through The Alchemists. The four components demonstrated include opportunities, entrepreneurs, opportunities, and organizations, which are the components that we have covered in class. Additionally, there is the aspect of social entrepreneurship as well as the shift in social equilibrium. Four Components of Entrepreneurship from the Alchemist Story The first component that has been demonstrated is the entrepreneurs, which have been demonstrated through Alchemist creativity and how effective he comes up with organizational goals. The concept aligns with the things that we learned in class. The founding of Dandelion School demonstrates the concept of entrepreneurship, which involves coming up with a business idea. This also brings the next component of the idea, which is to find a way of helping the less fortunate children to become respectable members of society. There is also the component of opportunity, which is finding ways of helping others who need hope. Organization as a component is demonstrated as Alchemist organizes entrepreneurial ideas and the…

Knowledge management at Walmart Executive Summary Knowledge management composes one of the key drivers of business entities in the current times. The firms which adopt optimal knowledge management strategies achieve a competitive advantage in the market in addition to possession of sustainability. The case of Walmart adopted in this paper to analyze the relevance of knowledge management possess knowledge management strategies both within the internal and external context. This paper provides an overview of Walmart in addition to its analysis in terms of internal knowledge management strategies. The considered aspects of internal knowledge management entail the adoption of Human Resource Management, communication feedback, and the adoption of technology. Walmart also adopts global sourcing, which is analyzed in the paper. The management of eternal knowledge management at Walmart is also done with a key focus on outsourcing, joint ventures, and strategic alliances. The paper also analyses Walmart through the Nonaka and Takeuchi knowledge creation model to identify recommendations to the shortfall of the company in the realization of knowledge management.             Table of Contents Executive Summary.…

Food Delivery Apps/Services In the 20th century, the United States food industry went through many changes that saw its rise and spike in sales. The cars’ advertisement was such that the dream of every American family was to own one. The federal government made much investment in the building of roads and highways. The kind of promotion done on the big screens and television depicted the industry as the only futuristic trend at the time. Thus, the food industry itself transformed to accommodate the foreseen change in the country. Restaurants and food industries developed drive-through that has become the hallmark of the American food industry that still in uses up to this day not only in American but all over the world. Innovation in the industry led to an increase in the number of sales that the industry earned. However, in the 21st century, the world has changed, and even though cars are still familiar and widely used. The advent of the internet is changing the food industry and delivery services through the development of mobile apps. With the promise…

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