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The role of management in transition

Management has an active role in restructuring process of an enterprise or the government; Management is fully accountable for results to the owners; Management must follow shareholders interests (and/or policy); Management has good abilities (and/or capacity) for innovativeness; Creative work; Quickly accept and uses its own and also foreign innovations; Constantly upgrading knowledge –lifelong learning; A modern understanding of innovation as key element for survival

62. Types of entrepreneurship: benefits, myths and paradoxes of entrepreneurship.

Pros: Excitement (adventure); Rules and regulations; Originality: Some people feel that they can offer a new service/product that no one else has offered before; Competition; Independence; Salary potential; Flexibility; Rational salary; Freedom: Entrepreneurs can work whenever they want, wherever they want, and however they want.

Cons: Salary (not a regular paycheck); Benefits: There will undoubtedly be fewer benefits, especially when considering that your business will be just starting off. Administration; Incompetent staff; Procedures.

Not sure about all the forms but here are some: partnership, sole proprietorship, corporation.

Myths: It takes a lot of money to finance a new business; Venture capitalists are a good place to go for start-up money; Most business angels are rich; Banks don’t lend money to start-ups; Most entrepreneurs start businesses in attractive industries; The growth of a start-up depends more on an entrepreneur’s talent than on the business he chooses; Most entrepreneurs are successful financially; Many start-ups achieve the sales growth projections that equity investors are looking for; Starting a business is easy.


Date: 2015-02-03; view: 656


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