About Entrepreneurship (B)
Who is Entrepreneur? What are company's Goals and Strategies? What are the main Factors that affect an Company?
Posted: Nov 2007
Entrepreneur is by definition a person talented with sense for business and leadership, rich with knowledge about business environment and people, decisive to take over the risk of managing the company, that should be driven by constant development and innovations.
Entrepreneurship is is activity of entrepreneur focused on start-up, organizing and improving of company with the purpose of exploiting a new markets.
The Enterprise or Company is independent economical, technical and social unit with ownership body, with purpose to produce goods and services that have a aim to satisfy the needs of the market, by utilizing specific resources and undertaking a certain risk, in order to obtain profit, as well as other economic and social goal.
There are several factors that shape up the organizational form inside and outside. Inside factors are:
Goals and Strategy.
The Goals are points of desires. The main goal is described as Mission of the Company. The main characteristics of goals are described through the S.M.A.R.T. concept.
The Strategy represents a method of achieving the Goals. Strategy layout is based on Goals. But in order to follow the Strategy the whole company needs to adjust its own structure.
Technology and Tasks (Targets)
Tasks materialized through specific Targets are main tool of achieving Goals. Tasks must have owners, time, target, costs, standard, etc. Also, in order for Company to have technical capacity for fulfilling the tasks, it must have appropriate technology. The Technology provides specific technical solutions. to have technical capacity for fulfilling the tasks, it must have appropriate technology. The Technology provides specific technical solutions.
Size of the Company
There are several classifications of company size, but in general the opposite ends of scale are large and small companies:
As it obvious, there are certain advantages and disadvantages on both ends. Every side of the scale have its own way of approaching the market.
The factor of every Company that becomes more and more importan. More about the People in the section Human Resources.
Life Cycle of the Company:
Product or Service that is generator of Revenue and Profit for the company. More under Marketing section.
Outside factors are:
- Legislative and Institutional Enviroment
- Integration Processes
Market of Supply ( Suppliers and Employees )
Market of Demand ( Customers and Competition )
- Development of Science and Technology