Essays on Entrepreneurship

My walk away point in the negotiation of the business between Martin and I, are the options of Martin contributing $5000 and I contributing $30000 on the capital; using of storefront A, moderate size, high traffic; employing of Van 160 new in the delivery process and using of the top-quality...

A SWOT Analysis A SWOT (strengths, weaknesses, opportunity, and threats) analysis is a structured framework which helps either the researchers or planners to come up or prioritize any goal and goes ahead to identify the strategies which will help in achieving them. It is a technique that has been used by...

Negotiation Negotiation is a procedure or situation where two or more groups come to talk trying to solve their different interests in decision-making. There are essential characteristics of bargaining, which include the nature of the conflict, relative power, number of parties, importance of relationship and lastly degree of interdependence (Lewicki et...

Project Managers' Ethical Obligations Project managers have an obligation to fulfill the highest ethical standards while performing their duties. The Code of Ethics and Professional Conduct discusses the expectations placed on project managers (Boral, 2016). Professionals from project management formed the Code based on their decision-making processes. Values such as honesty,...

Kamburu Youth Empowerment Group (KYEG) is a community based group committed to uplifting the socio-economic status of youths and children in its target localities. KYEG is base in Kamuchege Location in Lari County. Started in 2016, KYEG has had spectacular success in organizing charitable events and Talent shows in the...

Prior to launching any new business, it is important that adequate market research is conducted to ensure that the entrepreneur develops a good understanding of the market and the targeted consumers of the products offered by the new business that they plan to start. This is instrumental in helping the...

Legal Issues: Given the details of the event, three legal issues that the team ought to consider in the future if we were to realize the idea include that of contracts, intellectual property, and legal business form. With regards to contracts, it will be important to ensure all necessary contracts with...

The report analyzes the succession plan issue faced by Rainforest Nursery. The organization utilizes a volunteer-based model which limits continuity of the operations. The firm is run by volunteers who may fail to get a replacement after retirement. There is no framework that provides for the future prospects of the...

Business process modelling plays a great role in enhancing the communication of an organization’s business processes. This kind of communication is very essential in ensuring that the functionality of a firm such as UMP is effective. Process modelling helps business managers pass information and ideas to the staff and other...

One of the most important decisions is which tasks to keep in-house and which activities to outsource. Its impact on an organization’s financial performance could prove significant in the long run since the latter choice can reduce overheads, free up time for other vital tasks, and bring expertise to the...

Howells (2002, p.1) describes invention as the creation of a product or introduction of a new process for the first time in an organization. On the other hand, the author describes innovation as a process of introducing improvements or significant contribution on existent products, processes or services. Walker (2015) identifies several...

Morris et al. (2012) identify five main categories of entrepreneurship ventures that facilitate classifying different business ventures. Survival ventures Such ventures are usually operated by a single employee who generates enough revenue to cater for daily bills thereby facilitating financial existence. The nature of the business is usually small, with a small...