Current Issue : January - March Volume : 2018 Issue Number : 1 Articles : 5 Articles
The term ââ?¬Å?entrepreneurshipââ?¬Â refers to qualities and actions of individuals that\ninvolve taking the risks of venturing into new and unknown areas of work. It\ngenerally involves creating or setting up new enterprises that engage in activities\nthat are significantly different from other enterprises around it. However,\nentrepreneurs face many obstacles, and a non-trivial number of ventures have\nsought to establish new businesses that could not come to fruition. In todayââ?¬â?¢s\ncompetitive markets, various kinds of planning techniques have become a\ncrucial element for both new and established businesses. This study covers\nsome outstanding strategies, namely, the Blue Ocean Strategy (BOS), Balanced\nScorecard (BSC) and Continuous Improvement (KAIZEN), which have proven\ntheir effectiveness in several global industries. Furthermore, the study provides\nan integrated framework that aligns these strategies to serve as guidance\nfor entrepreneurs to transform their ideas into successful enterprises. Moreover,\nthe study demonstrates a practical implementation of the framework in\nTalah Aljood Company, which was ranked first by Forbes Middle East in 2014\nin the food and beverage sector. It is concluded that the gist of todayââ?¬â?¢s successful\nenterprises is value innovation, planning and continuous improvement.\nTherefore, the developed framework covers these three pillars in an integrated\nmanner to avoid any possible gaps that may occur during these\nphases....
The present work seeks to approach the strategies implemented by Coppel, a Mexican company that is competing in the department stores market. This research introduces us to the strategies that the company which is within the leaders in this sector has implemented to position itself as such. This is largely explained by the theory based on resources and capabilities. The method of study is based on the review of theoretical literature and similar case studies that have been successful. The analysis of the results presents and describes the acquisitions, as well as the process of internationalization that have been part of the positioning of the company...
The purpose behind leading this review is to highlight the behavioral issues with respect to organization directors\nas a noteworthy contributory variable to the failures subsequent to examining some current and significant failures.\nThe occasions which prompted the corporate failures in organizations, for example, Lehman Brothers, BCCI, Enron,\nWorldCom, RBS and Maxwell Group represent the improper moves and choices made by the directors and how these\ndecisions added to their failures. The review looks at behavioral risks in corporate governance, and tries to discover\nbehavior constitution. This study suggests that ââ?¬Å?personalityââ?¬Â and ââ?¬Å?situationsââ?¬Â are components which add to behavior.\nIn corporate governance, thought of risk management components shows that the behavioral risks have persisted\nunidentified to a great extent. Considering the antagonistic financial and social effect of corporate failures in connection\nto public organizations, which incorporates capital and occupation misfortunes, loss of trust in private enterprise,\nlessened markets for products and ventures; and the support for the state to intercede keeping in mind the end goal to\nprotect society from the event and results of these failures, this review proposes a hybrid regulatory model to determine\nimpact of personality risks as a major aspect of the corporate governance process. The basic necessities of a viable\nrisk management process are examined and connected with during the time spent building up a reasonable structure\nfor personality risk management from which the approach and arrangements in the proposed model are drawn. The\nhybrid model comprises of hard law provisions in the areas where they are deemed most essential in order to create\neffectiveness and soft law provisions in the areas in which it is thought that flexibility is necessary and would not negate\nthe overall aims of the model....
Intergenerational succession is a critical stage that most Chinese family businesses\nare in or will be in. Therefore, problems like what influence of intergenerational\nsuccession will have on performance of family businesses and what\ntheir internal action mechanisms and action paths will be like are worthy to be\ndiscussed. Taking 1028 sample data of A-share listed family businesses in\nShenzhen and Shanghai during 2010 to 2014 as study objects, the essay discussed\ndirect influence of intergenerational succession on performance of\nfamily businesses and mediating effect of enterprise innovation on intergenerational\nsuccession and performance of family businesses by use of multiple\nregressions. Research results indicated that there had a negative correlation\nbetween intergenerational succession and performance of family businesses,\nand between intergenerational succession and enterprise innovation, and\nmoreover, part of mediating effect of enterprise innovation on intergenerational\nsuccession and performance of family businesses was obvious. It means\nthat intergenerational succession leads to the decline of performance of family\nbusinesses, and one of the mechanisms is that intergenerational succession\nreduces innovation investment of enterprises. The research results could provide\na reference to family businesses in arrangement of innovation strategy\nand management of enterprise performance in the stage of intergenerational\nsuccession....
Business Creation is something that does not come into being on its own; but it emerges from people who see a need for service or product in a society, with that desire to be self-employed and rise above, and use that opportunity. These individuals are dedicated people who are willing to absorb all their time, passion, and money in the work they have created to ensure business growth and success. Though these entrepreneurs operate in a condition where costs may be known but rewards are uncertain, yet they are motivated and the question here is; what really drives the performance to engage in such entrepreneurial activities? The general results show that though individuals motives for seeking self-employment are diverse and numerous; and differ on certain points. However, there are some basic motives common to all and that is majority of the respondents with the average score of 63.3% supported that Economic Mobility, Financial Independence, Success Perspective, and Social Factor, are the most driven factors for the engagement in transnational entrepreneurship. It was also discovered that the success of these entrepreneurs are based on attitudinal, the degree of embededdness in the home country, personal and the institutional regulations of the destination countries. The results found that Ghana Transnational Entrepreneurs are more into Merchandising Business with (59.21%) as compared to Service Business (34.21%) and Manufacturing Business (10.53%). The results also disclosed that, in Ghana, transnational entrepreneurs businesses are managed and run mostly by their families (59.21%). Ashanti Region of Ghana was spotted to be more involved in doing business with 52.63%. The research employed both deductive and exploratory approach and the methods were both primary and secondary. The study focused on small-scale entrepreneurs who run their businesses through personal social connections. The research is subjected to the bias of the respondents, therefore, 100% accuracy cannot be guaranteed....
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