This website uses cookies to ensure you have the best experience. Learn more

Entreprenuership And Intrapreneurship As Sources Of Competitive Advantage In A Corporate Lit Review

2027 words - 9 pages

LITERATURE REVIEW
According to Fisher (2009) a literature review is an account of what has been published on a topic by accredited scholars and researchers. It forms the foundation on which an article is built Its purpose is to assist to develop an insight into relevant previous research and trends that have emerged.The intention of this section will be to provide a general understanding of some of the theoretical knowledge that will be applied in this paper.
1 THE ECONOMIC NATURE OF ENTREPRENUERSHIP
According to Schumpeter (1934) economic development can be directly attributed to the level of entrepreneurial activity in a country. Bird (1989) adds that Entrepreneurial businesses ...view middle of the document...

Mill stressed the significance of entrepreneurship for economic growth and claims that entrepreneurship required a special skill, (Schumpeter, 1951).
ENTREPRENEURIAL DEVELOPMENT THEORY MODEL
PERIOD TOPICS AUTHORS AND RESEARCHERS
1. What entrepreneurs do 1700- (1950) From an Economic Perspective Cantillon,Say,Schumpeter
2. Who entrepreneurs are 1960 – (1980) From a behaviorist perspective Weber,McClelland,Rotter,De Vries
3. What entrepreneurs do 1980 From a management science perspective (finance,marketing,operations,human resources) Drucker ,Mintzberg
4. What support is needed, by entrepreneurs (1985) From a social perspective, including economists, geographers and sociologists Gartner,Welsh,Bygrave,Reynold
5. What entrepreneurial activities are and what competencies are required to perform them 1990 - From an entrepreneurship perspective Timmons,Vesper,Brockhaus, Marshal
Source: Fillion (1991)
3 ENTREPRENEURSHIP
Timmons (2000) believes entrepreneurship is the process of creating or seizing an opportunity and pursuing it, regardless of the resources currently controlled. Watson (2000) adds that the distinguishing factors of entrepreneurs are mainly innovation, opportunity recognition and business growth. Hisrich and Peters (1998) see the entrepreneur as someone creating something new with value by devoting time and effort, assuming the risks accompanied by the creation and receiving the resulting rewards of monetary and personal satisfaction and independence. According to Lumpkin and Dess, (1996), the essence of entrepreneurship is creation. Wickham (2003) stresses that entrepreneurship is about “creating and managing vision and communicating that vision to other people.Through a vast literature review, the author realises that Entrepreneurship is fundamentally about identifying opportunities independently or within a corporate system that are profitable and are convertible into a new business or into a new way of doing things, the concepts of Innovation, Growth and Risk Taking create the backdrop of which the discipline is founded.
4 CHALLENGES AFFECTING ENTREPRENEURS AND SME’S IN ZIMBABWE
In Zimbabwe, the SME sector has faced a variety of constraints that hinder its growth and development. The principal areas of concern affecting the development of the SME sector identified by various studies include:
• Limited access and cost of finance.
• Lack of marketing skills and market knowledge, inadequate management and entrepreneurial skills.
• www.smesi.gov.zw
Sources of Finance are the main challenge for most Zimbabweans and the current economic environment does not assist in mitigating this challenge. Most Zimbabweans have to save their money to start up a business and that process of saving usually is too long to keep a window of opportunity open.

Sources of start-up finance by firm size
Micro Small Medium Large Mean
Own savings 90% 80% 58% 52% 71%
Friends/relatives 13% 2%
7%
11%
8%

bank loan 3% 14%
...

Other Essays Like Entreprenuership and Intrapreneurship as Sources of Competitive Advantage in a Corporate -Lit Review

Leading Whole Foods With A Competitive Advantage

3121 words - 13 pages are needed to reach their objectives and goals. Through a fundamental and technical analysis, I will discuss Whole Foods’ mission, vision, and goals, their competitive environment, and some factors within their strength, weakness, opportunity, and threat analysis. With such data and information I will recommend, if needed, and strategic changes in order to sustain a competitive advantage. Mission, Vision and Values The mission statement of an

Compare Sources a and B as Evidence for Henry Vii Claim to the Throne of England

1121 words - 5 pages Compare sources A and B as evidence for Henry VII’s claim to the throne of England [30] On comparing sources A and B as evidence for Henry VII’s claim to the throne in 1485, it can be said both have relevant use as both give an account of events at the time of Henry VII’s coronation. However it is questionable how reliable each of the two sources are because of the position of the authors in relation to King Henry VII and their willingness to

Review Your Role, Responsibilities and Boundaries as a Teacher in Terms of the Teaching/Training Cycle

1159 words - 5 pages Review your role, responsibilities and boundaries as a teacher in terms of the teaching/training cycle. A teacher is like an oil lamp on a post, if its flame is steady and bright, a hundred lamps can be lit by it, without in any way diminishing its brightness. For ensuring the brightness of the lamp, it is necessary that the wick be in good order and the oil supply be sufficient. Thus a teacher is a facilitator of learning, who sparks

Business Operations in My Organization: Strategies for Achieving Competitive Advantage

3715 words - 15 pages , social and education events such as golf tournaments, fireworks displays and scholarships to students. These actions keep the company in the spotlight. Television ads also market the company products. The results of the aforementioned actions maintain competitive advantage once the products continue to be of the highest quality. As such products and services demand continues to be high. Relationship Management. Shell has a department committed

The Corporate Social Responsibility: a Review of Literature

1700 words - 7 pages The Corporate Social Responsibility: A Review of Literature Yassin H. Yassin UNDP, Riyadh, Saudi Arabia November 2005 Introduction Business organisations strive to survive by the efficient use of the factors of production and other facilities of the society. This process puts organizations in an interdependent relation with the government, the community at large and the environment. Such interdependence gives rise to a series of

Review What Your Role, Responsibilities and Boundaries as a Teacher Would Be in Terms of the Teaching/Training Cycle

748 words - 3 pages Review what your role, responsibilities and boundaries as a teacher would be in terms of the teaching/training cycle. The teaching cycle is very important. The process has been put into place to give teachers a solid guide to manage their teaching from start to finish. It is made up of five key areas. Identifying Needs, Designing and Planning, Delivering and Facilitating, Assessing and the fifth is evaluating. I will try and review my role

Review What Your Role, Responsibilties and Boundaries as a Teacher Would Be in Terms of Teaching/ Training Cycle

1414 words - 6 pages REVIEW WHAT YOUR ROLE, RESPONSIBILTIES AND BOUNDARIES AS A TEACHER WOULD BE IN TERMS OF TEACHING/ TRAINING CYCLE. A teacher is to educate students to achieve standards set by awarding bodies in order to gain qualifications e.g. GCSE, A levels, NVQ and Degrees. The role of a teacher may consist of designing programmes of study, planning and preparing classes, developing interesting ways of delivering learning, marking of work, giving feedback

Review What Your Role Responsibilities and Boundaries as a Teacher Would Be in Terms of the Teaching/Training Cycle

727 words - 3 pages get the right level of support. It is one of my responsibilities to look at the environment i will be teaching in, as this can have an impact on my teaching. If the environment is not suitable for the teaching this can have a negative outcome on my training and could hinder the learners. They need to feel comfortable in their environment and it must be suitable for their needs. There may also be procedures and protocols i have to follow and i

A Critical Review of Strategy as Revolution

1407 words - 6 pages point of view about corporate direction -base are the challenges for senior executives who believe that strategy must be revolution. In Penrose, who inspired by the many scholars from the perspective of resources and capabilities a source of competitive advantage to study, and the establishment of VRIO analytical framework, such as Barney (1991, 2002). Resource-based View is the main theoretical ideas. View of the enterprise as a resource of

Review of Starbucks as a Business Organization

5809 words - 24 pages vital role in creating a competitive advantage for any organization, following technological impact Starbucks. ➢ The emergence of new technologies and method of production play a great role in reducing the cost of production for Starbucks. ➢ Biotechnological developments also impact Starbucks ➢ Significant developments in the field of agriculture can help get mor row material at lesser price. ➢ Starbucks Cards are a unique example of

Review of Agamemnon and His Daughters. A play classified as a Greek Tragedy

462 words - 2 pages Greeks believed in Hard Determinism, as a moral code. It wasn't until the last act of Iphegenia, that the lesson seemed to shift to a Soft Deterministic point of view, showing the characters could have changed their fate. The whole series of tragic events were set into place by an Egotistical act of boasting, and made worse by women of questionable moral fiber. When all the events are reviewed (Tantalus eating his children notwithstanding) the

Related Papers

The Link Between Competitive Advantage & Corporate Social Responsibility

4434 words - 18 pages -Cola in India: A Responsible Corporate Citizen? ICFAI Journal of Corporate Governance , 42-56. Harrison, J. B. (2007). Stakeholder theory and Competitive Advantage. Academy of Management Proceedings, 1-6. High Performance Buildings. (2011). IBM unveils its First Advanced Analytics Software Solution, Showcase use in Three Cities. Engineered Systems, 52-52. IBM. (2013). What is a Smarter Planet? Получено из http://www.ibm.com/smarterplanet/us/en

An Evaluation Of Porters Diamond As A Means Of Explaining Why Some Countries And Industries Have Competitive Advantage Over Others

1618 words - 7 pages , sellers, new entrants or providers of substitutes goods may influence the domestic market. Porters (1985), Five Forces Model allows management to analyse the industry in which they operate, and thus they can develop their corporate strategy in line with their findings.In addition, Porters Diamond of National advantage allows us to analyse why some nations are more competitive than others and also why some industries are more competitive than others

The Competitive Advantage Of Nations Essay

674 words - 3 pages In his HBR article: “The Competitive Advantage of Nations”, Michael E. Porter describes how some countries are able to achieve long term national prosperity through the creation of a competitive advantage in certain industries. This prosperity is created through constant innovation and upgrading in the driving industries. Porter does not believe that on a national level labor costs, interest rates and economies of scale; and on a company level

Ab/Inbev: A Sustainable Competitive Advantage Essay

1003 words - 5 pages competitive advantage. This focus on Operations Managemnt has lead to Ab/ InBev's reputation for quality, and their continued dominance as a global brewery.! Design of Goods! ! The design of goods/services defines a firm, and sets them up for success (or failure) in the market. In order to design a superior product, firms must first understand their customer— what their needs and requirements are. Anheuser-Busch/InBev has focused on developing a