An individual's qualities as an entrepreneur are very important in the investigation of entrepreneurship since setting up a new firm is very much an individual decision. The entrepreneurial behavior to find a firm is triggered by the individuals' endowment, his social network, and the evaluation of the economic situation (Grebel et al, 2003). Innovativeness and the ability to act are one of the vital characteristics an entrepreneur must possess during start up phase of the firm. An entrepreneur's personal strategy plays a vital part while developing new business activity. This, to a large extent is characterized by the entrepreneur's personality characteristics. Based on different characteristics, there are few key personality types of entrepreneurs listed further which enables to understand what it takes to Progress Company's business.
[...] Also Apple has a foot hold on the industry and has been there for almost 4 decades. Bargaining Power of the Buyers: Effect on Nike: High Reasons: Though Apple has a strong influence on their suppliers, the industry is highly competitive and the suppliers can demand high because of the tenacity involved in the production of the sensitive hardware parts required. Bargaining Power of the Buyers: Effect on Nike: High Reasons: Again, due to variance in technology day to day it is important to keep the customers happy. [...]
[...] Grebel Th , Pyka A and Hanusch H (2003), An Evolutionary Approach to the Theory of Entrepreneurship , Industry & Innovation, Vol 10, 4:493 - 514 Joshua, C (2006) Apple III Chaos: What Happened When Apple Tried to Enter the Business Market, Viewed last on 18th August 2008 at http://lowendmac.com/coventry/06/apple-iii-failure.html Kunkel P (1997) AppleDesign: The Work of the Apple Industrial Design Group, Watson-Guptill Publications. Littunen H (2000), Entrepreneurship and the characteristics of the entrepreneurial personality, International Journal of Entrepreneurial Behaviour & Research , Vol 6:295-309. [...]
[...] On the other hand, since his business is small as a sole trader, he might lose his customers and prospective customers in case of any wrong doings. Also, Andy can use his experience of drawing the Asian community through his employee who was also an Asian. Andy, as he quoted, is being around the Asian community should try and hold on to extract business out of them. He can also benchmark his technical advances that he possess with that of the other competitors and find out which area to improve. [...]
[...] Though, most of the innovation environment depends upon what the competitors come up with but it is also important to research whether the product would reach the end customers and also make business INNOVATION MANAGEMENT FOR APPLE Apple, as mentioned earlier, one of the pioneers in the innovative field has undergone a series of changes that has lead to it becoming the World's best Innovation Company. The following are the innovation achievements that Apple has achieved throughout the years. APPLE This was the first Innovative product that Apple developed which has led to this current establishment. [...]
[...] Business is mainly built around unique talents and creativities. However, such personalities are over sensitive to customer's responses although the feedback is constructive. The best entrepreneur example: Scott Adams, Creator of Dilbert The Visionary A business built by a Visionary will often be based on the future vision and thoughts of the founder. A visionary will possess a high level of curiosity to understand the world around and set up plans to avoid landmines. They are more focused on dreams than reality. [...]
APA Style reference
For your bibliographyOnline reading
with our online readerContent validated
by our reading committee
