Small Business Management Essays - 1535 Words

Essay Plan 1 Definition of smaller enterprises There are various definitions of smaller enterprises provided from different times and areas. One of the earliest definitions was provided by Bolton Report (1971), which has indicated that a small enterprise should meet three criteria: independent (not part of a larger enterprise); managed in a personalized manner(simple management structure); relatively small share of the market(the enterprise is a price ‘taker’ rather than price ‘maker’). There are also quantitative definition of the smaller enterprise in terms of measurement of the assets, turnover, profitability and employment from different sectors and countries (Bolton, 1971). 2 What is entrepreneurial small business Throughout†¦show more content†¦Indeed, it is significant that the SMEs enterprises learn to join hands with other resources in their industry at early stage (Deakins and Freel, 1998). †¢ Ability to assimilate experience and opportunity The ability to learn from experience is one of the key abilities and it is possible to recognize and grasp the opportunity that arises out of the experience. Penrose (1971/1952) argued that the possibility of internally experienced personnel to formulate development strategy is essential to gain confidence in the outcome. †¢ Ability to reflect on past experience and mistakes The relationship of past experience and growth is not novel. As Penrose (1971/1952) has mentioned that the availability of former experienced executive resource would allow for a expending of the planning horizon. Therefore, the ability of entrepreneur to formulate and execute development company plan is significant from internally experienced successes and mistakes. †¢ Importance of the â€Å"entrepreneurial team† In the leading team, to involve additional members to the entrepreneurial team would be critically affect to the company development. Throughout the business process, as we can see from Deakins and Freel’s case study (1998),Show MoreRelatedSmall Business Management Essay905 Words   |  4 PagesMG354 Small Business Management My Strengths and Weaknesses in Running a Small Business Running a small business would be both a wonderful retirement gift and a scary post-military venture. Becoming an entrepreneur would be, for anyone, a dream come true, but jumping into the small business world without a plan, education or experience to do so would be a hasty entrance to the business world. A thorough review of my education and my experience to develop a possible jump into the small businessRead MoreSmall Business Management10828 Words   |  44 PagesSMALL BUSINESS MANAGEMENT SKILLS A c o m m u n i t y b A s e d A p p roAc h FACILITATOR’S GUIDE Small Business Management Skills Facilitator’s Guide 1  © Care International in Kenya FeBrUarY 2010 Content and editing Paul Gachie - CARE International in Kenya Wario Chege – Setpro Consult, Nairobi Illustrations Elijah Njoroge Design layout Peter Cheseret, Nairobi Small Business Management Skills Facilitator’s Guide 2 (a) aCKnowlegements The development and consolidation of thisRead MoreBusiness Management : The Specificities Of Dealing With A Small Business Essay1462 Words   |  6 Pagesprologue to the idea of entrepreneurship and additionally the specificities of dealing with a small business contrasted with an expansive one. The understudy will add to a general comprehension of business as a monetary movement and the part it plays as an impetus of financial development and social advancement. The individual attributes and practices, and the hierarchical qualities connected with fruitful business enterprise will be investigated and talked about. The understudy will likewise be acquaintedRead MoreSample Resume : Small Business Management Essay1451 Words   |  6 Pages National Diploma in Business 5 Unit 1991 SMALL BUSINESS MANAGEMENT Produce establishment plans for small business ventures Name: Lovepreet Singh: Tutor: Mandeep Kaur Course: National Diploma Business Level 5 Student Id: A8710 Table of contents Explore and articulate business vision concepts 3 Formulate and communicate an ethical framework for business operations. 5 Identify means of fostering entrepreneurshipRead MoreBusiness Management and Planning for Small Businesses1738 Words   |  7 Pagesorganizations operational objectives are being met. Furthermore, with the advantages of modern technology, these tools can also be used in a real time manner to monitor the quality on a perpetual basis. This can serve as the foundation in which management can try to minimize any operational problems as they occur as well as mitigate the likelihood that the same errors will occur in the future. In many cases simple statistical tools such as scatter plots, control charts, flow charts, histograms andRead MoreAn Syllabus For Management 330, Entrepreneurship And Small Business Management1806 Words   |  8 PagesLooking at the syllabus for management 330, entrepreneurship and small business management, see that there was four books that we had to read was a little intimidating. But after ordering the books and receiving them in the mail from Amazon there wa s a moment of relief. Looking through the books and seeing that two out of four were small and interesting was reassuring that it wasn’t four huge boring text books that we would have to plow through and do assignments from. Reading and talking about theRead MoreVideo Library : Case Study1278 Words   |  6 PagesVideo library is a small business organisation that loans out video cassettes to its embers and makes a profit from it. Recently they have expanded their business and trying to implement a new information system to manage their business more efficiently. In this paper, we will provide a user requirement document for the organisation. Business Overview Goals The overall goal of the business is to make a profit through efficient management. As it’s not an independent business organisation (becauseRead MoreSmall vs Large Organisation Essay1356 Words   |  6 PagesWhat are advantages and disadvantages of large versus small organisations? Final draft Submited to Sherin White Reading Writing course C Language Learning Unit 03rd Sept 2010 1165 words What are the advantages and disadvantages of large versus small organisations? Porter, Lawler and Hackman (1975) state that organisation is a social entity, existing in order to achieve certain goals, involving specialisation andRead MoreSmall Business Analysis Essay1326 Words   |  6 PagesSmall Business Analysis LDR 531 Organizational Leadership Small Business Analysis The Small Business Administration of the United States federal government defines as a small business â€Å"†¦as one that is independently owned and operated, is organized for profit, and is not dominant in its field (SBA, 2012).† In the area of â€Å"services†, although there is mostly no limit on how many employees form part of the business, annual receipts may not exceed $2.5 to $21.5 million depending on the typeRead MoreChallenges Faced By Small Businesses902 Words   |  4 PagesThe Problems and Challenges that Small Business in the UK Face Small businesses face a number of problems and challenges on a daily basis, both in the local and international markets. In the UK, Small businesses face a myriad challenges and issues on a day-to-day basis. The internal and external problems are countless. Some of these issues include high cost of insurance, financial problems, high taxes, competition, transport issues, employee skills gaps, and health safety issues among others. Competition

Ideas for Teaching Life Skills in School

Functional life skills are skills that we acquire in order to live a better, more fulfilling life. They enable us to exist happily in our families, and in the societies in which we are born. For more typical learners, functional life skills are  often directed at the goal of finding and keeping a job. Examples of typical functional life skills topics for curricula are preparing for job interviews, learning how to dress professionally, and how to determine living expenses. But occupational skills are not the only area of life skills that can be taught in schools. Kinds of Life Skills The three major life skills areas are daily living, personal and social skills, and occupational skills. Daily living skills range from cooking and cleaning to managing a personal budget. They are the skills necessary for supporting a family and running a household. Personal and social skills help nurture the relationships that students will have outside of school: in the workplace, in the community, and the relationships they will have with themselves. Occupational skills, as discussed, are focused on finding and keeping employment. Why Are Life Skills Important? The key element in most of these curricula is a transition, preparing students to eventually become responsible young adults. For the special ed student, transition goals may be more modest, but these students also benefit from a life skills curriculum—perhaps even more so than typical learners. 70-80% of disabled adults are unemployed after graduating from high school when with a head start, many can join the mainstream of society. The list below is intended to provide teachers with great programming ideas to support responsibility and life skills training for all students. In the Classroom Help with taking down or putting up bulletin boards.Care for plants or pets.Organize materials such as pencils, books, crayons, etc.Hand out completed assignments.Distribute newsletters or other materials.Help with checklists for money for trips, food, or permissions forms.Clean chalk- or whiteboards and brushes. In the Gym Help with any setup.Prepare the gym space for assemblies.Help to keep the gyms storage room organized. Throughout the School Pick up and deliver audio/visual equipment to classrooms.Help in the library by returning books to shelves and repairing damaged books.Wipe down computer monitors and shut them down each day.Clean the computer keyboards with slightly damp paintbrushes.Distribute the attendance records back to classes for the morning.Help keep the teachers lounge tidy. Help in the Office Bring mail and newsletters to the staff mailboxes or deliver to each of the classrooms.Help photocopy materials and count them into their piles as per need.Collate photocopied materials.Alphabetize any files that need sorting. Supporting the Custodian Help with regular school maintenance: sweeping, floor polishing, shoveling, window cleaning, dusting, and any outdoor maintenance. For the Teacher Everyone needs life skills for daily, personal functioning. However, some students will require repetition, redundancy, review and regular reinforcement to become successful. Dont take anything for granted.Teach, model, let the student try, support and reinforce the skill.Reinforcing may be required on each new day the child performs the skill required.Be patient, understanding and persevere.

Profile of the Pharmaceutical Industry Essay - 534 Words

Industry Profile Name: Pharmaceutical preparation SIC: 2834 Industry Description The pharmaceutical industry, one of the most profitable industries in the world, develops, manufactures, and markets drugs or pharmaceutical products. The world pharmaceutical manufacturing industry generates over $950 billion in revenue on average with growth rate of about 4%, and expected to reach $1.1 trillion by 2014. Industry revenue will grow as a result of the worlds aging population boosting healthcare demand, and of increased access to more comprehensive healthcare in emerging economies. In particular, the US pharmaceutical manufacturing and preparation industry contains around 1,500 companies, and accounts for over one-third of the global†¦show more content†¦Key current trends The pharmaceutical industry is, and has been for years, one of the most profitable industries in the world. Currently, though, it is mainly growing by trimming costs, devising more efficient methods for research and development and completing mergers and acquisitions. The industry relies on advances in medical technology to develop new products that address unmet needs; however, the pace of development has slowed considerably while the costs have risen dramatically. The development of blockbuster drugs has been slowing, making it difficult for research-intensive pharmaceutical companies to recoup RD costs via revenue from multibillion-dollar products as in the past. Consequently, RD focus is shifting to less-lucrative products or those that occupy niche product segments. As an increasing number of key products lose patent protection, enterprises face heightened competitive pressures from generic drugs. Maturity of the industry The pharmaceutical industry has a relatively long life cycle (about 45 to 50 years) and is currently in the mature stage of its life cycle. Its contribution to GDP is forecasted to grow 1.7% per year on average, compared with global GDP growth of 5.4% per year on average. Further, the merge and acquisition activity has been prevalent over the past decade, so the number of companies is expected to remainShow MoreRelatedPharma Industry Analysis1714 Words   |  7 PagesThe Pharmaceutical Industry 1. Origins and Evolution The modern pharmaceutical industry is a highly competitive non-assembled1 global industry. Its origins can be traced back to the nascent chemical industry of the late nineteenth century in the Upper Rhine Valley near Basel, Switzerland when dyestuffs were found to have antiseptic properties. A host of modern pharmaceutical companies all started out as Rhine-based family dyestuff and chemical companies e.g. Hoffman-La Roche, Sandoz, Ciba-GeigyRead MoreFuture Of Pharmacovigilance ( Pv ) Outsourcing India Essay1318 Words   |  6 PagesFuture of Pharmacovigilance (PV) Outsourcing in India Abstract Over the past few decades, many high-profile drug recalls, regulatory authority warnings and negative media impact have caused monetary losses and tarnishing of the image of pharmaceutical companies. Consequently, these companies have invested heavily on PV systems. For a pharmaceutical company, setting up a PV system in-house is not always cost effective and finding qualified and trained resources is a huge challenge. Thus, these companiesRead MoreCompany Profile Of Jubilant Organisms Essay1090 Words   |  5 PagesCompany Profile Jubilant Organisms is a collaborative, innovative provider of products and services to the global life sciences industry, striving to accelerate the process of pharmaceutical drug approval. We have a presence across the pharmaceuticals value chain ranging from drug discovery services, custom research and manufacturing services, advance intermediates and fine chemicals to active pharmaceutical ingredients, dosage forms and regulatory affairs services. We also enjoy leadership in IndustrialRead MoreSwot Analysis Of Apotex1400 Words   |  6 PagesBackground Apotex Inc is a Canadian pharmaceutical company that was founded in 1974. Today, it employs over 10, 000 people world-wide in research, development, manufacturing and distribution divisions (â€Å"About Apotex†, 2017). Moreover, it is one of the top twelve research and development companies in Canada and has a global presence through exports and strategic alliances (Apotex Inc. - Complete profile - Canadian Company Capabilities - Industries and Business - Industry Canada, 2017). Apotex startedRead MoreEffects of Potential New Healthcare Regulations in the US: Abbott Inc Case Study687 Words   |  3 PagesStock Exchange, is engaged in pharmaceuticals and diversified medical products, with $39 billion in sales over 2011 and a market capitalization of over $102 billion (Yahoo! Finance 2012a, n.p.). Abbot claims sales grew 10.5 percent over 2010-2011, delivering cash flow of $9 billion which allowed for increasing dividends the firm claims amounted to $3 billion to shareholders (Abbot, 2012, p. 2). This growth was robust enough the firm is spinning off its pharmaceutical research and production sectorRead MoreA Diverse And Sustainable Compound Library For Aid Drug Development And Sales1185 Words   |  5 Pages________________________________________ Public Profile The consumer-facing side of your profile is written so anybody can easily understand your product or service. Information about the investment opportunity is detailed on the â€Å"Business Plan† side of the profile to maintain compliance with SEC ‘general solicitation’ regulation. Carmolex Inc. 3-5 sentence â€Å"quick pitch† outlining key takeaways that will be explored in more depth within the body of the profile. Pharmaceutical companies need robust and high qualityRead MoreTeva Pharmaceuticals Strategy Case Paper1073 Words   |  5 PagesTeva Pharmaceuticals Strategy Overview 4/22/2013 PARTHIBAN SELVAM SMU MBA 2013 Business Overview: Teva Pharmaceuticals is a pharmaceutical company specializing in generic and proprietary drugs. It is the world’s 11th biggest pharmaceutical company. Apart from its major market, US and Europe, it has a major presence in Russia, Latin America, Japan and South Korea. In 2012, it had revenue of 20.3 billion and a net income of 1.96 billion (see table 1). Target Customers: Teva pharmaceutical’sRead MoreBiotechnology Industry Analysis1121 Words   |  5 PagesBiotechnology  industry Analysis BACKGROUND The health care industry Provides health products and service which involved the leading technology of life science. It is a fast-growing industry and will continue to grow in the future because of the increasing request to the advanced medical care. The Global Industry Analysis (GIA,2009) predicted that the prescription drug market is value around $897 billion in world economy in 2015, and Asia-Pacific region is expected to have highest growth in prescriptionRead MoreMarketing Analysis : Ranbaxy Laboratories1306 Words   |  6 Pages1. Industry Analysis: By 2020, India is likely to be among the top three pharmaceutical markets by incremental growth and sixth largest market globally in absolute size The Indian pharmaceuticals market increased at a CAGR of 12.79 per cent in 2015 from US$ 6 billion in 2005, and is expected to expand at a CAGR of 15.92 per cent to US$ 55 billion by 2020 Over 2012–20, total healthcare spending is expected to rise at a CAGR of 20 per cent to US$ 280 billion from US$ 65 billion Pharmaceutical salesRead MoreActavis Pharmaceutical Company Essay1045 Words   |  5 Pageschosen and why Actavis was the organization I decided to conduct my research on due to the company being a pharmaceutical company, with the pharmaceutical company on the raise in the economy and many insurance and doctors leaning towards generic brand medicine Actavis was a great pick for me to start my career and do my research on them as well to give me an idea of how the pharmaceutical industry works. Business management is currently my major and I fore see myself working as business administrator

Education, Experience, And Certifications That Affect...

Introduction This paper will address three significant factors; education, experience, and certifications that affect people for employment in the Information Technology industry. Before entering the Information Technology industry, the person must have all three major factors; education, experience, and current certifications. A college degree along with experience and credible certifications is a necessity in becoming a marketable asset to be successful in the IT industry. Without having a certain amount of experience and possessing the proper certifications, it will be difficult to seek employment in the Information Technology industry. Whether an individual begins with either number of the three factors, eventually they must fulfill†¦show more content†¦Also, they’re both in agreement that one of the three factors cannot stand alone without having one of the other to compliment. Education Earning a degree in the Information Systems (IS) is an important phase in entering the Information Technology industry. By having some type of degree in the IS field will prepare a person for future employment with various businesses around the world. Possessing a college degree enhances the individual’s career portfolio when seeking employment in the Information Technology industry. In addition, it gives the person a competitive edge in the IT industry and with the hiring process. Earning some type of degree in the Information Technology industry does not necessarily free you from possessing other credentials to be competitive in the employment process. Having an education plays a key role in preparing for the future job market. With the advancement of technology teachers must become more educated and keep up to prepare their students for future employment. Teachers possessing the right skill sets and experiences can enhance the school’s curriculum to prepare for changing trends. In addition, teachers will gain knowledgeable insight on what is to be expected in their respective fields of study and the necessary skills to be successful by researching the job market within the IT industry. Researching the job market in their field will give them insight on what is. Continuing to research the job market,

Apush Unit 5 Study Guide - 2751 Words

Populists: Grew from the Farmer’s Alliance Free and unlimited coinage of silver and gold at 16:1 ratio Increased circulating medium (no less that $50 per capita) Graduated income tax It was big in the 1890s (major electoral victories) Several members of the House of Representatives and the election of 1 U.S. senator Against monopolies More Democratic government (more control to people) Wanted more direct government action to help the working class Government ownership of railroads, telegraph, and telephone Government subsidies to assist in stabilizing agricultural prices 8 hour work day Direct election of U.S. senators Increased voter power with the use of initiative referendum and recall â€Å"people’s party† 1892 candidate†¦show more content†¦Ferguson: 1896, gave the south permission to discriminate on the basis of color in public places It happened because a â…ž white man refused to give up his seat on an all white railroad car â€Å"Separate but equal† facilities were constitutional under the â€Å"equal protection† clause of the 14th amendment It upheld the Jim Crow laws Cross of Gold Speech: Given by Democrat William Jennings Bryan Bryan was nominated the day after he gave this speech (1996) Pro silver Unlimited coinageShow MoreRelatedEssay on Creating the Constitution 2108 Words   |  9 Pagesdifferent element of the people. The design of the three branches is to show that each of the three branches are equal, no branch is higher than the other, therefore none of the three groups can take control over the others. They should all work as a unit. The Anti-federalists complain that with the new ratification, there is no Bill of Rights, but the Federalists prove that with a list of rights, this can lead to circumstances which could be hazardous (Oracle Education Foundation). If the governmentRead MoreBoyer Dbq Teacher Guide10764 Words   |  44 PagesUsing the DBQ Practice Questions from The Enduring Vision, Sixth Edition A Teachers’ Guide Ray Soderholm Minnetonka High School Minnetonka, Minnesota Using the DBQ Practice Questions from The Enduring Vision, 6th Edition A Teachers’ Guide This guide is intended to suggest some possible ways that students may organize essays related to the document-based questions in the Advanced Placement version of The Enduring Vision, 6th Edition, and to provide teachers with some information on each included

Innovation and Entrepreneurship in Hotel Company †Free Samples

Question: Discuss about the Innovation and Entrepreneurship in Hotel Company. Answer: Introduction The part A of the assignment discusses the origination of a new hotel business in the industry. In continuation with the task, the part B of the assignment provides a description of how the hotel organization can use innovation and entrepreneurship techniques to survive in the competitive market. Different techniques of innovation can help the organization to achieve competence in the market. Further entrepreneurship in alignment with innovation can help the company in resolving the issue efficiently and managing human resources as well (Tidd, Bessant, 2015). Thus, the essay gives an overview of the techniques of innovation and entrepreneurship which can help the company to gain benefit by optimizing market share. Company Background Talking about the hotel company which was explained in the part one of the tasks, the hotel industry is a diversified business which includes various aspects on the basis of which growth of a company depends. The hotel company is highly flourished attractive company. As it is the demand of the target market, the company needs to maintain a reputation and goodwill in the market; also it shall provide good hospitality to their clients to make the repetition of sales (Spieth, Schneckenberg, Ricart, 2014). The hotel company needs to particularly focus on the managerial system of the organization, as it is known to all that if the internal system of the company would have drawbacks than the external factors cannot align with the mission the company that is to satisfy the needs of the customers. Aim The aim of the assessment is to initiate the use of innovation and entrepreneurship techniques in the working of the organization; so that the hotel company can gain the competitive advantage in the market. Scope Innovation and entrepreneurship help the companies to creatively carry on their activities and make use of every opportunity available to them. From the past two decades, it has been noticed that innovation is shaping the future of many emerging companies and assisting them to generate competitive advantage in the market. Thus this tool helps the market to develop and gain maximum satisfaction out of the available resources. Innovation Innovation refers to the process of doing things differently with the use of available resources. The terms innovation and entrepreneurship are interlinked with each and they work properly when they are aligned in the same direction. For an entrepreneur, innovation is an important tool which helps them to achieve their objective defined. Opportunities available to the organization will get wasted if they are not used innovatively (Sart, 2014). Thus, it is said that in today's market a company can only achieve success by implementing innovative techniques in the organization's activities. Authors namely Hamel Valikangas (2003), explained the levels of innovation and its implementation in an organization. The levels are explained below: Revolution: it refers to the process of creating a destructive innovation path, which shall be used by the outsiders. This process changes the fundamentals of the whole industry. Renewal: it refers to the process of changing the mandatory and already prevailing business model in an organization. Resilience: it refers to the process of continuously reconstructing the values, process, and behaviors which are implied in an organization (Sahut, Peris-Ortiz, 2014). Entrepreneurship Just like innovation, entrepreneurship is not just a topic which can be defined easily; instead, it is a wider term which requires debatable discussion. Entrepreneurship refers to the process of carrying business activities innovatively and turning the risks into opportunities for the company. The entrepreneurs in an organization use the innovative tools to make an effective change in the organization by utilizing the opportunities and exploiting optimally the resources available to them (Saebi, Foss, 2015). And all these activities are done with a view to making profit for the organization. Relationship between innovation and entrepreneurship Comparatively, innovation is a broader concept than entrepreneurship. An entrepreneur cannot survive in the market without using innovation. Therefore the entrepreneurship and innovation are interlinked activities. The entrepreneurs in the market use the innovation to create an opportunity for the business which can help the business to grow in the competitive market (Qin, Li, Yu, 2015). The process of entrepreneurship produces financial benefits for the company by using the innovative technology. The blend of both the techniques helps the company in bringing success for them. Impact of innovation and entrepreneurship in Hotel Company The process of innovation plays a vital role in making the performance of the hotel business strategic and effective. There are many businesses which grew and gained the position in the market with the use of this innovation and entrepreneurship techniques only. In a hotel industry, a customer will always look for aspects which will provide them greater benefits out of the services they are using. So, the organization shall make sure they optimally use the resources so that they can drive maximum benefits to the customer (Soriano, Huarng, 2013). This process will help them to utilize the maximum resources available to them and create incentives for the company. Talking about the process of entrepreneurship in a hospitality business, it is the duty of the manager to evaluate the market conditions and the preferences of the customers for the services and then work accordingly. It shall be taken into accounts that the hospitality industry is highly demanded in the by people nowadays, so more and more customers are entering the market. Also the competition I the market is also increasing with a high speed. Resulting to which if the company will not provide differentiated services to the customers then, it will become difficult for them to survive in the market. So, in order to gain the maximum market share of the market the company needs to implement innovation and entrepreneurial practices in theirmanagement system (McLuskie, McLuskie, 2017). In order to initiate such practices, the entrepreneur shall firstly gain adequate knowledge about the target market considering the taste prevailing in the market. After such analysis, the entrepreneur needs to innovative ideas and implement them in their organization. Such ideas shall include features which can differentiate their product and services from others competitors prevailing in the market. Innovation refers to the process of creating a new idea for the business. And entrepreneurship refers to the process of using such innovations in the business and drive the human resource in the correct direction so that maximum satisfaction is derived by the customers. The main focus of an entrepreneur is to generate maximum profits for the company through risk taking measures (Lee, Hallak, Sardeshmukh, 2016). Innovation helps the organization in creating new outcomes for the business whereas entrepreneurship helps the organization in resolving the problems efficiently and motivating the human resource to gain individual as well as organizational profit. So in order to enhance the capabilities of the business, the company shall provide quality and cost effective services to the customers. Along with regular hospitality services, the entrepreneur shall ensure that the internalmanagement of the system work efficient and it optimally uses all the available resources as well. Activities like tourism, traveling, food etc. are some of the services which are connected with the hotel company, so in order to create a position in the market; the company shall focus on providing such services which are not provided by other competitors (Henkel, Schberl, Alexy, 2014). This will build goodwill of the company in the eyes of the customers and also drive them to enjoy the services of the company repeated ly. Use and impact of Disruptive Innovation in Hotel Company It refers to the type of innovative activities which the business precedes so that highest position is created by the company in the market. In disruptive innovation a new product is created and placed in a new target market. The product or services are designed innovatively so that they stand differently in the eyes of the customers (Drucker, 2014). As the hotel company is a new and emerging company so it shall make use of disruptive innovation technique in the market. With this effect, the customer will get attracted towards the company due to which the sales will increase. The entrepreneur shall make sure that the disruptive innovation activities are properly implemented in the market otherwise the company can face failure (Fraj, Matute, Melero, 2015). Use and impact of open Innovation in Hotel Company Open innovation refers to the process of innovation which includes all people connected with the company to work together to gain benefit. Not only the smart people are required but all people shall come together and perform the business functions. The company can also use this type of innovation as they already have an entrepreneur who is creative enough to lead the company. So with the guidance of a creative leader and a team manager, the company can grace the market (Drucker, 2014). Conclusion Thus in the limelight of above events, it shall be noted that the hotelmanagement company is a new company need to do effective entrepreneurial activities in order to gain market capitalization. Along with entrepreneurship activities, the management also needs to innovatively carry on their business functions to gain success. So, it shall be concluded that it is important for an entrepreneur to initiate innovation and entrepreneurship in the activities of the business, so that maximum benefit can be achieved. References Drucker, P. (2014). Innovation and entrepreneurship. Routledge. Fraj, E., Matute, J., Melero, I. (2015). Environmental strategies and organizational competitiveness in the hotel industry: The role of learning and innovation as determinants of environmental success.Tourism Management,46, 30-42. Henkel, J., Schberl, S., Alexy, O. (2014). The emergence of openness: How and why firms adopt selective revealing in open innovation.Research Policy,43(5), 879-890. Lee, C., Hallak, R., Sardeshmukh, S. R. (2016). Innovation, entrepreneurship, and restaurant performance: a higher-order structural model.Tourism Management,53, 215-228. McLuskie, P., McLuskie, P. (2017). Innovation and Entrepreneurship.International Journal of Entrepreneurial Behavior Research,23(1), 159-162. Qin, Y., Li, B., Yu, L. (2015). Management innovations in a Chinese hotel company: the case of 7 Days Inn.International Journal of Contemporary Hospitality Management,27(8), 1856-1880. Saebi, T., Foss, N. J. (2015). Business models for open innovation: Matching heterogeneous open innovation strategies with business model dimensions.European Management Journal,33(3), 201-213. Sahut, J. M., Peris-Ortiz, M. (2014). Small business, innovation, and entrepreneurship.Small Business Economics,42(4), 663-668. Sart, G. (2014). The new leadership model of university management for innovation and entrepreneurship.Eurasian Journal of Educational Research, (57). Soriano, D. R., Huarng, K. H. (2013). Innovation and entrepreneurship in knowledge industries.Journal of Business Research,66(10), 1964-1969. Spieth, P., Schneckenberg, D., Ricart, J. E. (2014). Business model innovationstate of the art and future challenges for the field.RD Management,44(3), 237-247. Tidd, J., Bessant, J. (2015).Innovation and entrepreneurship(No. 3). Wiley.

Listening Essay Example For Students

Listening Essay Captivating, stirring, magnetic, interesting, and refreshing are just a few words to describe my professional interview. Richard Luna is an Associate Minister at Pollard United Methodist Church in Tyler Texas. He spends approximately 8 hours a week in formal counseling, and an additional 6-8 hours in unarranged counseling. Reverend Luna has enough collegiate hours to be a medical doctor. He received his Bachelors degree in Christian Education, then attended seminary, and his next step was receiving two Master degrees consecutively, the first being in Theology, and the second in Professional Counseling. When asked what motivated him to spend so many years in school, he told this intriguing story. When I was at my first assigned church, during my last year of seminary; I was engaged but not yet married. I had a couple come to me for marriage counseling, that were very good friends of my fianc and I. They had been married for 17 years, and I was at a loss for how to help them. I decided I never wanted to have to turn people away again. The first listening concept discussed in this interview, was that of perception checking. Reverend Luna said this is especially important marriage counseling. Due to an overwhelming amount of miscommunication Perception checking is one of the first things he teaches couples to use, even in pre-marital counseling. Mr. Luna also said If you dont understand what a person is communicating to you, and you go on responding in way that is not appropriate to their purpose, it can become a serious problem in ALL relationships. The second concept we discussed in this interview, was that of listening barriers. Reverend Lunas advice on listening barriers was to first be able to recognize the barrier, and then try to overcome it. If the barrier cannot be broken, the best thing to do is remove yourself from the communication if possible, because no one is benefiting from it. Mr. Luna did not limit the barriers just to others, but also to himself. He was very open about his urge to talk too much hinders his effectiveness as a listener. Although he feels he is a good listener he feels he would be better, if he could manage his energy to play Mr. Fix It a little less and Mr. Good Listener a little more. The reverend also pointed out another barrier I had not thought of. Specifically to counseling situation, if a person is not willing to be open, and answer questions than he cannot help them. He told of a young woman who came for counseling one afternoon. When he began to ask her specific questions, she would only respond with very generic answers. After about ten minutes of trying to perform the task she initially had asked for, Reverend Luna thought it best she try counseling with someone, and she agreed. Not only does a professional listener need listening skills, but confidence and assertiveness to handle situations such as these. I learned several important listening issues from this interview. When discussing different types or styles of listening Mr. Luna listed the following; first, sometimes listening can be as simple as being a body for someone to vent to, second, sometimes people just need you to validate their feelings by perception checking and not giving answers. And third, sometimes people want you to listen to a situation and then give sound advice. Reverend Luna that figuring out what kind of listener they want or need is relatively easy. Once you understand what they need the problem usually gets solved whether he says anything or not. Once people verbalize their problems out loud they often recognize the solution and wonder why they couldnt see it before. Other times people come to him with deep spiritual issues with deep spiritual questions and concerns. 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Reverend Luna also took on a different opinion on mechanical speech. For example when discussing if hi, how are you is an ethical communication he gave this response. As much as it may seem mechanical, thats not always true. Because when you dont say hi how are you then that communicates a whole other