Business Action Group

Posts Tagged ‘Entrepreneurship’

The ability to identify opportunities for better living conditions and make efforts to materialize into concrete action has been characteristic of human beings from their appearance on earth.

The challenges of modern life, where competition for survival and growth are constant, highlight the relevance of the spirit that gives individuals and organizations the strength to fight, overcome and improve. When viewed from the perspective of business, the momentum is clearly identified as entrepreneurship.

Several authors recognize the importance of this factor on the possibility of improving the living conditions of individual and collective, as part of a coherent economic development
highlighting its potential impact on small and medium enterprises.

As defined in the European Green Paper, entrepreneurship takes the attitude that it is an individual, by acting both as individuals and as a member of an organization, which shows their ability and motivation to identify an opportunity and achieve through their own efforts to generate greater value or economic success.

The concept emphasizes the importance of creativity, innovation and sound management, taking the respective risks in the generation of skills to achieve positive changes in existing markets, creating new markets and generally promote higher value added to existing processes.

Entrepreneurship can occur in any business of all sectors, in companies of any size and individuals with varying degrees of preparation and maturity. Its main benefits are associated with: Read the rest of this entry »

In recent years there has heard that the Colombian family businesses are close to face major generational changes. Statistics show that only 30% of family businesses survive the change from first to second generation and 13% change from second to third generation. These data raise concerns me about how to get companies Colombian family endure over the years and the face of generational change?

I found that one factor of great importance and that some have talked about is the “entrepreneurial spirit.” The project, as suggested by some scholars, is a tool that allows companies to develop new strategies and capabilities to compete in mixed environments and changing environments. In a family business, the venture could lead the way to be an ancient family business.

Therefore, it is worth asking what is actually undertaken, and how can families Colombian entrepreneurs cultivate an entrepreneurial spirit and carry out entrepreneurial practices. Read the rest of this entry »

It is essential to address when we speak of organizational development, entrepreneurship. Indeed, we tend to confuse or find texts that speak equally of “Entrepreneurship” and “entrepreneurship.”
As shown in the article, could be considered the first as a broader term, perhaps oriented business vision, and the second a number of specific qualities of those who understand that ideas can become viable business models, making it his personal project and labor.

Entrepreneurship is inherently a set of skills, as might be the ability deliderazgo, risk aversion, motivation superlative, the analysis capacity problems in search of opportunity, tolerance of failure, etc.., Which probably resides today These days the importance of promoting the adquisiciónde these skills, by those who tomorrow will face decisions endisposición of the fact cuentapropia or do work for others, indeed, those who perhaps should entenderque development of these skills or can llevarsea implementation proceeded smoothly, provided that the culture of the organization in our professional lives quedesarrollemos assume it, “chipped in structures do not have to own and to that aspect (the intrapreneurial) I dedicate a few lines at the end of the article.
I want to do some reflection theFallas importance in promoting entrepreneurship can be luchacontra stigma of failure, while in countries like the United States made several times dehaber started from scratch an entrepreneurial venture is a aspectomuy valued by those who may be willing to invest in the project, since it is understood that the previous administration is a wealth of experience quedifícilmente may transmit the most prestigious business schools oinstituciones-training in Spain, for example, is still pending unaasignatura mainly financial institutions and elsistema governing the grant or funding support for these people.
Projects designed to work unmundo of second chances “to which some international institutions like the Development BancoIberoamericano are already facing higher value-aquellosque would bet their heritage by carrying out a project, sometimes inclusoalgunas against the closest.
According to statistics from various reports and studies, it is rare that the youth of our schools and our centers’ training for employment (vocational schools, universities, etc..) Think in a majority of this possibility delemprendimiento as the ideal career opportunity personal fulfillment at work. The stability, security, salary, type of contract … are often the concerns they face when the time is coming decomenzar his career work.

The inclusion in currículosde Secondary Education / High School and Vocational Training (in the first case models using free elective subjects for students vary, depending on the Autonomous Regions, and the second one through the study of cross laasignatura Initiative Entrepreneur “) are two good GETTINGSTARTED towards the development and exhibition of new possibilities for instructional levels at the end of his academic life, although there is still much greater slope unacercamiento business world to these groups, conidea to show success stories like a reality and the cases of tropiezocomo a path to success on successive occasions.

I wanted to consciously avoid the word failure because I think it should apply only to those who lose lailusión, and not those who have run the wrong way your aventuraempresarial, recursively, in addition, they lack training in subjects specific ohabilidades, and of course, still do not know an entrepreneur / a quecarezca any illusion for use in body and soul into his project to develop entrepreneurship.

Now, speaking of intrapreneurs, should be equally important in managing teams focused on common objectives ypersonas (departments or business areas and entities deempresas) promoting the acquisition and development of habilidadesemprendedoras in team members. A team capable of facing nuevosretos, manage and be able to find innovative solutions to analyze problems from a positive perspective and guidance to the búsquedade new opportunities to work with laconfección multidisciplinary vision of the equipment itself, to develop their project sintoníacon staff in the common goal of the organization … will be a team with a very high level decompetitividad.

Work thus far know about our chances, heading for entrepreneurial development, understanding and political talconcepto medium term and looking for tangible results in time.

Profit, competition, leadership, entrepreneurship, productivity, innovation, risk … All these terms are part of a system called “organization” or “business” system which performs a process that enables the creation and opening of the market. And among these concepts, entrepreneurship is regarded as important, because it depends on the articulation of the process, the direction of the system and the actions that lead to productivity and profit.

Corporate action and results, which become entrepreneurship, depend on the agent called social entrepreneurs. And is it economically important in an organization, not production, but the entrepreneur’s ability to generate business opportunities and foster innovation. It is the job of the employer to determine where there is a business opportunity and analyze the factors that define these opportunities as good and viable. To understand this phenomenon is to assess the expectations, levels of uncertainty and risk, have intuition, to anticipate future possibilities and surprise factors, make decisions in relation to them and present reality, be clear about the investment, advantages, disadvantages and projected earnings. Thus, the agent of the evolution of a company is the employer because of his vision, ideas, skills and actions depend on the establishment, development and progress of the organization.

Thus, the entrepreneur is part of the formation, consolidation and development of the company in the market, according to current needs, which implies risk to change, bet on innovation and know when to do so and know what aspects to enhance the organization. It is here where the businessman with his strong instinct for perfection away from the Read the rest of this entry »

Questions for the future. According to experts we have consulted, you have to ask questions like: What do I do, for example, if you change the protocol technology in my field when I mounted my company and I have a couple of years on the market, I have not yet entered in the black and I do not circulating to make an investment that will allow me to adapt to this new technology? In theory, if you’ve developed a good business plan, these experts agree, you should have a contingency teniedo account of this kind, and you should have calculated an emergency fund.

“Let your customers do not get paid … Do not put in your business plan you’re going to collect cash! Fixed percentage of defaulters. Keep this in mind before starting your business, “said Bieto.

Blaming others. “Threats” says Oscar Sanchez, consultant TechSales Group-defined as any environmental force which can prevent implantation of a strategy, or reduce their effectiveness, or increase the risk of it, or resources required to implementation, or reduce expected revenues or profitability. Read the rest of this entry »

Not everything in life is an investment and somewhere you can see how starting a venture investment. It all depends on how we face the business and the objectives we have in mind, be self-employed or owners thereof.

You learn a lot from them and I always say that one of my ventures was so productive that I feel I did a college career, but the best in the world.

For those entrepreneurs found the following web site is a introduction Entrepreneurs that a number of issues that I will put here on the forum. The links are kind of lights that tell us the various possibilities in mind when embarking.

Have you ever wondered what’s the worst that could happen to your business? And, most importantly, how did you get this question when you prepared your business plan? Well, you should have done. Launching a company always has risks, but there are some common threats that fly to all entrepreneurs. Read the rest of this entry »