Motivation is the act of stimulating someone or oneself to get a desired course of action, to push the right button to get the desired results. MOTIVATING FACTORS · Education background · Occupational experience · Family background · Desire to work independently in manufacturing line · Assistance from financial institution · Availability of technology […]
· The nature of a developing economy is quite different from a developed economy. The developing economy can be an agricultural country moving towards the industrialization or it may be the one where in the industry may be in its infancy lacking advance technology. · The modern era is an era of changes. The
Nike was founded in 1964 by a track coach named Bill Bower man and track runner Phil knight. They started with the name blue ribbon sports, and went public in 1980 with their new name NIKE, which came from the mythological winged goddess of victory. Their motto is that if you have a body, you are an
Understanding Price and Quantity in the Marketplace Almost every holiday season, the most popular “must have” toy is in short supply. And there’s usually a strong secondary market for the item – with parents paying well over the retail price just to make their children happy. Then, in January, stores reduce the prices of their
Niche marketing means that you are focusing on becoming an authority in a highly specific market. A niche is a very targeted and focused area within a general market. An example of a general market is “pets,” whereas an example of a niche market could be “tropical aquarium fish” or “Black Labrador dogs.” There are
Boss to his employee -“I want you to bring the file to my table”. The boss left the poor employee confused as he forgot to mention the name of the file and the employee also didn’t bother to ask his boss. The boss did communicate to his employee but the message was not clear to his
Generating Many Radical, Creative Ideas Brainstorming is a popular tool that helps you generate creative solutions to a problem. It is particularly useful when you want to break out of stale, established patterns of thinking, so that you can develop new ways of looking at things. It also helps you overcome many of the issues
the following factors affecting the entrepreneurial growth. 1. ECONOMIC FACTORS a) Lack of adequate overhead facilities: Profitable innovations require basic facilities like transportation, communication power supply etc. They reduce cost of production and increase profit. b) Non availability of capital Inventions are capital oriented. In less developed countries most capital equipment have to be imported
The Economist’s View According to the economist entrepreneurship and economic growth will take place in those situation where particular economic conditions are most favorable. According to J.B.Say rationally combining the forces of production into a new producing organization is the function of an entrepreneur. According to Cantillon an entrepreneur is an uncertainty bearer buying at
Few Definitions of Entrepreneurship. According to A.H. Cole “Entrepreneurship is the purposeful activity of an individual or group of associated individuals, undertaken to initiate, maintain or aggrandize profit by production or distribution of economic goods or services”. According to Peter .P. Drucker “Entrepreneurship is neither a science nor an art. It is a practice. It
