The implications of Opportunity Recognition for entrepreneurs - Free Essay Example

Sample details Pages: 4 Words: 1165 Downloads: 7 Date added: 2017/06/26 Category Business Essay Type Analytical essay Did you like this example? The Entrepreneur that starts up this business is Mr. Goh Cheng Hoy; he was born in 1959 in Penang. In 1983, Mr. Don’t waste time! Our writers will create an original "The implications of Opportunity Recognition for entrepreneurs" essay for you Create order Goh identifies the prospect of setting up a mattress manufacturing factory in Penang. He saw what others dont saw and he is the pioneer in bringing this business up in Penang. Not only did his company made name locally, his brand is also well known in the other part of the world as it is a major exporter of mattress. According to Donald Kuratko and Howard Frederick, entrepreneur is defined as a person who is innovative, recognizes and seizes opportunities; converts those opportunities into workable/marketable ideas; add value through time, effort, money, or skills; and assumes the risks of the competitive marketplace to implement these ideas. Entrepreneurs are often characterized by their ability to recognize opportunities (Bygrave Hofer, 1991) and the most basic entrepreneurial actions involve the pursuit of opportunity (Stevenson Jarillo, 1990). Entrepreneur is a person who can identify and recognise viable business opportunities. Opportunities lie everywhere, yet many peop le neglected and didnt notice there was one; however, entrepreneurs have the capacity to see what others do not. They are uniquely optimistic, committed, determined, creative and innovative. Although all people are unique by nature, all entrepreneurs have one common objective that is to create wealth from new or existing resources. The purpose of this paper is to review opportunity recognition literature in the entrepreneurial process and to discuss the implications of Opportunity Recognition for entrepreneurs. The opportunity recognition as presented here is only on an individual-level basis. Christensen et al. (1989) defines opportunity recognition consists of either perceiving a possibility to create new business, or significantly improving the position of an existing business. It both will lead to profit potential. Opportunity Recognition for new business is the central and important component of entrepreneurial process, (Christensen et al. 1994; Gaglio 1997; Gaglio an d Katz 2001; Gartner et al. 2001; Kirzner 1997; Shane and Venkataraman 2000), and is the first and most vital steps in the entrepreneurial process (Christensen et al. 1994; Hills 1995; Timmons et al. 1987). Before one could proceed to others, they must first identify the opportunity that arise and take further step to make the opportunity into a profit making business. Without opportunity there is no entrepreneurship. This is further strengthen by the cited definition of an entrepreneur as someone who perceives an opportunity and creates an organization to pursue it (Bygrave Hofer, 1991:14) Numerous scholars view opportunity recognition as a multi-staged and often complex process. The process perspective of OpR has proved to be a fruitful area of research because it acknowledges that OpR is a multifaceted phenomenon influenced by numerous factors. Long and McMullan (1984), for example, proposed a model of the opportunity recognition process with four stages: Prevision, point of vision, opportunity elaboration, and the decision to proceed. Pre-vision is affected by both uncontrollable and controllable factors, such as environmental and job forces, as well as venture alertness cultivation, moonlight venturing, and job selection. Ardichvili et al. (2003) suggest that the opportunity identification process begins when alert entrepreneurs notice factors in their domain of expertise that result in the recognition and evaluation of potential business opportunities. The issue of opportunity recognition, as opposed to opportunity evaluation, has received far less attention. Yet it is opportunity recognition that often drives deals. Until recently this aspect has been offered very little attention by scholars. However, there has been a growing interest into the process of opportunity recognition over the last few years, resulting in a number of published researches. The specific area of opportunity identification has been particularly enriched with insights throu gh valuable academic in recent years. Namely, it is through the research findings and contributions of scholars like Shane, Lumpkin and Gilad that there are several affecting factors identified and modelled accordingly. Even though the joint efforts of the business practitioners and scholars, they have yet to produce a workable universal model, there are a number of framework variables that are being discussed and elaborated upon. Despite of a growing amount of published research work focusing on entrepreneurial opportunities, there is little empirical research and investigation into this area. The main question that puzzles most of the research relating to opportunity recognition is why, when and how someone generates or sees opportunities whilst others do not (Shane Venkataraman, 2000). Scholars argue that existing entrepreneurs are more likely than others to detect opportunities because of the knowledge they have learned from previous entrepreneurial experiences (McGrath, 1996; Ronstadt, 1998). Recent research on habitual entrepreneurship founds that opportunity recognition may be fuelled by prior entrepreneurial experience resulting in knowledge (Ucbasaran, Howorh, Westhead, 2000; Ucbasaran Westhead, 2002). There are two set of questions and debates surrounding opportunity literature. The first is whether opportunities are the result of serendipity or deliberate search (Chandler, Dahlquist, Davidsson, 2002; Gaglio Katz, 2001). The second is whether they are discovered objectively or created subjectively (Gartner et al., 2003). Existing knowledge is assumed to have the capacity to affect both the ability to search for information and the ability to take advantage of elements of coincidence or luck. Furthermore, both the discovery and creation of opportunities may be supported by the existing knowledge of the discoverer. Despite Shane (2000) states that opportunities are discovered without actively searching for them, he also supports the no tion that prior knowledge is a pre-requisite for discovery. The discovery of entrepreneurial opportunities depends on prior knowledge, and people will be more likely to discover opportunities in sectors that they know well. Individuals who have developed particular knowledge through education, personal events, and work experience -idiosyncratic prior knowledge- are better able to discover certain opportunities than others. Therefore, all individuals are not equally likely to recognize a given entrepreneurial opportunity. The prior distribution of knowledge in society influences who discovers these opportunities. In sum, for opportunities to be discovered there must be a fit between an entrepreneurs prior experience and a venture opportunity. Prior experience must overlap with the knowledge domain of the venture opportunity (Fiet Patel, 2006). Shane (2000) takes into consideration the mentioned fit or overlap and proposes to assess the knowledge possessed by the entrepreneurs instead of identifying the knowledge needed to launch a new business. Conclusion An early step along a prospective entrepreneurs path to beginning a new business is the identification of an opportunity to pursue. In essence, the would-be entrepreneur must recognize that society currently deploys resources in a sub-optimal manner, so that a benefit exists to mobilizing and then reconfiguring them for use in a different capacity. In many instances, opportunity recognition results from an entrepreneurs creative insight into a new way to fulfill an unmet need. But even in well-established and highly visible industries, much of the information that serves as a necessary input to the creative process is available only to those with extensive industry experience. In part for this reason, considerable evidence reveals that nascent entrepreneurs most likely develop new ventures in domains in which they have broad work experience (for an early statement of this argument, see Brittain Freeman, 1986).

The Yellow Wallpaper Communication Essay - 1217 Words

Communication within â€Å"The Yellow Wallpaper† Charlotte Perkins Gilman is a woman who writes about personal experience, and in her short â€Å"The Yellow Wallpaper† we learn exactly who our author is based off of the language and communication she shows us throughout the short. The Yellow Wallpaper is very captivating short, mainly because the language and communication between characters drives you crazy. The man, the dominant character in the story, has so much to say about his wife’s mental condition and almost refuses to let her feel how she does. Gilman explains how this story wasn’t made to drive people crazy but it was made to save people from being driven crazy. She knows that she has the power to make a difference within literature and†¦show more content†¦An image of an unhealthy relationship. Throughout the beginning of the short you see the wife say, â€Å"John says† (844-5) over and over again. That shows me that she is scar ed of him, John says this and John says that. It shows me that our narrator isn’t permitted to have a thought that is her own. Male to male conversation and female to female conversation is so friendly and comfortable. Male to Female conversation is dominant, aggressive, assertive and sometimes dangerous. While female to male conversation would be soft and understanding, always agreeing with what the male says. I would consider women in this time period to be a pet or toy to the male, dominant figure in her life. The use of the words in this short is very important, and gives you the information you need to know to interpret the short. For instance, on page 845 it says, â€Å"It was a nursery first, then a playroom and gymnasium. I should judge; for the windows are barred for little children.† This tells us that our woman has post-partum depression. She feels as if she is trapped or in an asylum within her own home, and I believe that’s what causes her to go cra zy. It is no surprise that the woman feels trapped behind the pattern of the yellow wallpaper. She does the same thing all day, every day with little to nothing to do so all she can do is wonder and question the yellow wallpaper. No wonder our narrator is going insane. She is slowly but surely sinking into madness and graduallyShow MoreRelatedCharacter Analysis Yellow Wallpaper1146 Words   |  5 PagesCharacter Analysis Essay English 1002 Rodems February 7, 2011 The Yellow Wallpaper Many people deal with post-traumatic depression and it can have a huge impact on one’s life. In the short story by Charlotte Perkins Gillman, â€Å"The Yellow Wallpaper†, the main character, as well as the narrator, is an unnamed woman dealing with post-traumatic depression. The exceptionally imaginative protagonist’s metamorphosis is due to her isolated confinement in a room with â€Å"yellow wallpaper† in order for herRead MoreThe Yellow Wallpaper Analysis Essay1041 Words   |  5 PagesLike Kate Chopin’s â€Å"The Story of an Hour†, Charlotte Perkins Gilman’s â€Å"The Yellow Wallpaper† is a backbone of the feminism study. The story was first published in 1892 and it is in the form of a secret journal entries recorded by a woman who is supposed to be recovering from what her husband, a physician refers to as a ‘nervous condition’. This persistent psychological horror of the woman in the story chronicles the nar rator’s descent into madness or paranormal but an analysis of the story revealsRead MoreExplore the Methods Which Writers Use to Develop the Ways in Which Their Characters See and Understand Their Own Worlds in Pride and Prejudice and the Yellow Wallpaper1100 Words   |  5 Pagesthe ways in which their characters see and understand their own worlds in Pride and Prejudice and The Yellow Wallpaper Austen first published ‘Pride and Prejudice’ in 1813 the novella touches on several themes such as prejudice, first impressions and pride; themes that individually define the main characters. Charlotte Perkin Gilman an American writer first published ‘The Yellow Wallpaper’ in 1892, the novella touches upon attitudes in the nineteenth century towards women’s physical and mentalRead MoreMistreatment of Women Essay1398 Words   |  6 Pagesare no two relationships that operate the same way. Minimal communication has the worst consequences on a relationship, but when a lack of equality develops in a relationship it can also lead to damaging results. A relationship or marriage where the men control the women occurs more often than one with the woman being in control. Men are viewed as more powerful and more aggressive in our society, and Mark Peel illustrates this in an essay about male social workers in the 1920’s that, â€Å"Perhaps [menRead Mor eThe Yellow Wallpaper By Charlotte Gilman964 Words   |  4 Pages I did a research essay on a very interesting story and a presentation with a wonderful group of classmates. The research paper assignment was challenging like any other research essay, however I did learn from this experience. Reading scholarly articles was not easy at all. They were long and had many words I did not understand; it was actually the first time I had ever read scholarly articles. I choose the story â€Å"The Yellow Wallpaper† by Charlotte Gilman. The Yellow Wallpaper was a good story toRead MoreThe Influence of Masculine Gender Roles in The Yellow Wallpaper1697 Words   |  7 PagesInterpretive Essay on The Yellow Wallpaper The Yellow Wallpaper tells the story of a woman living in the nineteenth century who suffers from postpartum depression. The true meaning implicit in Charlottes story goes beyond a simple psychological speculation. The story consists of a series of cleverly constructed short paragraphs, in which the author illustrates, through the unnamed protagonists experiences, the possible outcome of womens acceptance of mens supposed intellectual superiorityRead MoreWomen in Hills like White Elephants and The Yellow Wallpaper2218 Words   |  9 Pageswell as by the male influences in their lives. This era is especially interesting because it is a time in modern society when women were still treated as second-class citizens. Two interesting short stories, Hills like White Elephants and The Yellow Wallpaper focus on a womans plight near the turn of the nineteenth century. Both authors, Hemmingway and Gilman, leave an open end to the stories and allow readers to create their own ending, in turn c ausing them to take part in the action while readingRead MoreCharlotte Perkins Gilman’s â€Å"the Yellow Wallpaper†: the Use of Symbolism to Express the Psychological, Sexual, and Creative Oppression Experienced by Women in the Twentieth Century3480 Words   |  14 PagesAmber Gonzalez 12/6/11 English 2213 Melissa Whitney Charlotte Perkins Gilman’s â€Å"The Yellow Wallpaper†: The Use of Symbolism to Express The Psychological, Sexual, and Creative Oppression Experienced by Women In The Twentieth Century Charlotte Perkins Gilman wrote â€Å"The Yellow Wallpaper† in the late 1800’s while being treating by the very trusted Weir Mitchell. During this time women were commonly admitted into the care of doctors by their husbands without their given consent. At this timeRead MoreLiterary Criticism In The Yellow Wallpaper By Charlotte Perkins Gilman1753 Words   |  8 PagesLawrentta Asiye Literary Criticism Essay: Fiction English 200/7888 October 06, 2017 Marriage is more than an expression. It obliges a commitment between married people. It is an engagement of good and worse, a practice of faith and believe, an ethical of submission also obedience, an investigation of knowledge and ethics, and genuine incredulous information also astuteness. Of course, it is also a study of psychology and ethics, and real critical thinking from mind and heart. A marriage gets miserableRead More Universality and the Particular1615 Words   |  7 Pagesactivity† (218). Implicit in this, and made explicit elsewhere, is that literature is inherently a form of communication. And, â€Å"since our very life depends on some communication,† Gilman indicates very strongly that literature, both in its ancestry and in its current incarnation, provides an extremely important role in our existence† (218). She elaborates on this notion of communication, however, and specifies that a â€Å"passionate interest in other people’s livesâ⠂¬ ¦is the most vital art† (218). To

Building an Ethical Organization free essay sample

The name of my organization is Focus Mental Health and Developmental Agency Focus is an agency that provides help and compassion to people that are going through a mental health issue whether it is needing counseling, support, or medication treatment Focus is your path to peace of mind.  Substance abuse is another issue that we address from helping to get assistance to go into inpatient treatment facility, or outpatient treatment, as well as Aftercare which is a support program for clients being fresh out of drug or alcohol treatment or stopping using on their own. Recovery program that can be provided through Focus for continued success at a productive life for clients. Recovery is a life altering event because the client will be drug or alcohol free for a certain amount of time but will constantly be on a mission to stay free from these addictions. We have case managers who do home visits as well as office visits to stay on top of our clients’ needs before they become a crisis. Assignment: Building an Ethical Organization Part 2 Resources: Appendix A Write a 2,100 to 2,800 word paper in APA format containing the following: †¢Introduction Description of the organization: Expand and incorporate feedback from Building an Ethical Organization Part 1 †¢Mission statement: Expand and incorporate feedback fro Building an Ethical Organization Part 1 †¢Values statement: Expand and incorporate feedback from Building an Ethical Organization Part 1 †¢Code of Ethics: List your organization’s code of ethics, with a minimum of 10 items. How does the code inspire a tangible outcome from employee’s? How is it related to the mission and values of the organization? †¢Organizational culture: What type of culture do you plan to foster and how?Who will the culture institutionalize the organization’s values? †¢Leadership: What approach to leadership will you take? How will you develop and maintain organizational culture a s a leader? What is you moral responsibility as a leader? †¢Oversight: How will you measure your organization’s performance in maintaining an ethical standard? What structures or systems will you put in place oversight? †¢Conclusion †¢Use a minimum of three peer-reviewed sources †¢Post your completed project an attachment Mission Statement We at New Visions are a non-profit corporation serving adults and children with developmental disabilities.New Visions offer a Supported Living program which assists individuals with developmental disabilities live in the community as independently as possible. New Visions offer an array of service choices including supervised apartment living, foster care, companion living, shared care and in-home support. Our highest priority is to provide service to meet the needs of our clientele. Hopefully the mission statement would provide the type of organization we would become. The mission statement provides a basis to how our company would conduct business.Within New Visions one of the services provided are supervised apartment living, which means that our employees will come to the clienteles’ home and assist them anyway necessary to improve their living skills. Another service offered at New Visions’ would be shared care and in-home support. We provide a team of paraprofessionals who assist the clientele and their family members in dealing with issues such as navigating through the medical maze of doctors, hospitals, treatments, medications and much, much more (Share the Care, 2011). Our caregivers are professional, enthusiastic, and compassionate persons.Our in-home program of support offers many benefits such as: †¢Dependability of Service †¢Continuity of Caregivers †¢Peace of Mind for the Family †¢Quality of Life for our Clients †¢Independent Living at Home (Senior Helpers Caring In-Home Companions, 2011) At New Visions we value and respect each person in the organizations: †¢Opinions †¢Feelings †¢Personal space †¢Country of origin †¢Culture †¢Religion †¢Language/accent (Answers. com, 2011) We also value the honesty and open progression of discussions with each other, the need to be willing to contribute to the group discussions and the ability to accept positive and negative feedback.These values inspire our employees to be professional, and compassionate in their care of others. Our organization shares a diverse and enlightened view of caring for those with developmental disabilities. We value the input of information our employees bring to the table. New Visions identity is a symbol of meaning to the purpose and mission of this company. Our values express a renewed commitment to our mission. At New Visions we follow a value-based workplace culture. When integrating values into the workplace culture, we are defining what matters to us as leaders.Participative or democratic – this is when the leader and one or more employees participate in deciding what to do and how to do it. The leader however gets the final say on what is done and how it is done. Delagative or free reign – in this style the leader lets the employees make the decisions but the leader is still ultimately responsible for the final decisions. I think that in order to be a good leader it would take a combination of all three styles. Depending on what forces are involved influences the type of style to be used.Some of the forces that influence the type of style are: †¢How much time is available. †¢Are relationships based on respect and trust or on disrespect? †¢Who has the information — you, your employees, or both? †¢How well your employees are trained and how well you know the task. †¢Internal conflicts. †¢Stress levels. †¢Type of task. Is it structured, unstructured, complicated, or simple? †¢Laws or established procedures such as OSHA or training plans (Clark, 2011) As a leader identifying what your moral responsibility is, is one of importance. Words like integrity, dignity, or compassion all relate to values, but moral responsibility would be to have the ability to fulfill and perform the values stated. As a leader I would be accountable for all actions I take,and be truthful and honest in all actions. I would try to instill these morals within employees and also I would look to hire only those that have these morals. In order to maintain the ethical standard and evaluate the performance of the employees, I will conduct a periodical performance evaluation program. This would include weakly evaluation, monthly evaluation and yearly evaluation.On the basis of this evaluation, the employees would also get the appraisal and other compensation and benefits in the organization. I will conduct one on one interview with my staff in which I will discuss about the performance, strength, weaknesses and opportunity areas of the staff member and also provide suggestion, ideas and opinions to improve their performance. I will also give the grades or marks to the employees according to their performance and maintain a chart, which would help me to analyze the performance and improvement area of the employee.In place of oversight, I will put the system of ethical counseling board. They will give an opinion to me and my staff member in the circumstance when the ethics would not be followed. In order to handle the other business issues like fund raising increases and decreases in the resources, there will a committee of board of directors in my organization. New Visions will cultivate and nurture embedded values. One way to cultivate these values is through a learning activity embedded reflection which is part of the ethical climate. The systems and structures that upport and reinforce New Visions commitments are the values of opinions and feelings for those we care for on a daily basis. New Vision encourages its employees to strive for ethical achievement rather than avoidance. Our employees are acknowledged for thinking about ethics, initiating ethical practices, commenting on moral issues to be considered and so forth (Manning, 2003). Our goal is to maintain a culture that has integrity and be aware of pitfalls that may happen, for example, being aware of the warning signs which could put the organization at ethical risks.Some of the warning signs could be but not limited to, short term revenues, arbitrary performance-appraisal standards, and an internal environment that discourages ethical behavior and ethical problems being brought forward to experts and leaders. The tone for the organization is set by the leaders. Promoting a culture of feedback assists with the continual evaluation between mission, policy, structure, values, behaviors and decision making to create a recipe for success. From the study, it can be concluded that the mission, vision and code of e thics form the core for New Visions. These serve as the guiding tool for the employees and help them in providing direction in order to satisfy their clients in best possible manner. For better conduction and coordination among the employees, organizational culture plays a vital role. Apart from this, in order to make the organization successful, effective leadership is required. And in order to evaluate the performance of the employees and maintaining the ethical standard, periodical performance evaluation plays a vital role.

Wendell Phillips Essay Example For Students

Wendell Phillips Essay Wendell Phillips was born on November 29, 1811. He was a well-knownAmerican reformer. His career of attempting to reform American society spanned47 years. He put most of his energy into opposing slavery and supportingwomens rights, labor reform, and temperance. In 1865 he attacked theConstitution. He attacked it because it supported slavery. He had married Ann Terry Greene. Greene had been taught by William LloydGarrison. Garrison and Phillips became friends. As the Civil War approached he became more and more certain thatviolence must be employed to abolish slavery. When the war came he was at thehead of the emancipation movement. We will write a custom essay on Wendell Phillips specifically for you for only $16.38 $13.9/page Order now In the years after the war Wendell Phillips demanded that actions betaken to protect blacks and loyal whites in the South.He also becamemore involved in workers rights. His speeches and lectures soon becamepublished. On February 2, 1884 Wendell Phillips died. In conclusion I believe that a soldier would be a good symbol forWendell Phillips. It would be a good symbol because soldiers fight hard for whatthey believe in. This is what Wendell Phillips did. Category: Biographies