Entrepreneurial Management With Or Without The Education: The Success Of The Real People

2824 words - 11 pages

An entrepreneur is mainly classified as a risk-taker and a strong decision-maker. For many years, there have been many successful entrepreneurs who used academic education towards their business, and vice versa. This essay critically analyses both sides, giving real entrepreneurs examples as well as how they succeeded throughout their life. But is an entrepreneur what you really think it is? And is education really necessary towards making the big step in life? It is possible to say yes and no, within both views depending on the characteristic of the person.Stoner classifies entrepreneur as one strong leader, which is usually the founder of the business (not always necessary) who makes the bold, risk taking decision more or less intuitively (Stoner, 1982).An entrepreneur is anyone is takes the final say and puts words into action. That is, if he thinks that the there is a need for an improvement or development of a new organisation/product, he/she is the one who will take all responsibility in regards to fail or success in developing the idea. More or less, wiser managers will take the consideration and produce a prototype (whether it is a product or plan) in order to observe how their decision is made.There have been many thoughts upon management, and how they are dealt with. There are real managers out there, who gain success with the use of education upon their managerial and entrepreneurial skill; they believe that common skills of their managerial techniques are taught with education. Barbara Elmore states, by combining challenging education skills with new active involvement among emerging ventures, entrepreneurs are able to acquire a "well-rounded" knowledge base, which prepares them for the diverse competitive marketplace (Elmore 2005). By the use of education in conjunction with entrepreneur, they are able to gain a broader view of how the "real-world" is organized, furthermore understanding the correct steps in decision making.A Pro-quest article states that people with education who want to become an entrepreneur, take the risk of owning or controlling a business because they use their knowledge to ensure promising business opportunities (Anonymous, 2005). It is well understood that people who have well educated skills acquired from tertiary education, become entrepreneurs to turn their dream and vision into action. Knowledge gained by education consists of guidance, and not to tell you what to do in life. Most successors who take this into considerations have broader views and more information on how to succeed in life. Although what education from class may not be true, or mean anything towards their view, it is solely up to the person him/her self to use the techniques that they have learnt through education.In 1913, Henry Ford, the founder of 'Ford Motors' used his educated knowledge for mass producing cars, which increased production greatly, as well as decreased the cost per car by two-thirds (Jones, et al, 2000). Henry Ford...

Find Another Essay On Entrepreneurial Management with or without the education: The success of the real people

Music Education: The Sound of Success

2328 words - 9 pages additional fields of intellect that are overlooked. Among his theory, musical intelligence is one form, relevant to the case when considering what programs are cut when facing a budget crisis. Gardner’s theory is supported with evidence by evaluating the minds of individuals who excel at any given ability. Rather than categorizing people as “smart” or “dumb” from what test scores represent, he suggests that intellect exists in nontraditional multiple

Training and Development, linked with performance management, are key area within an HRM strategy and are fundamental for the success or failure of an organization. Discuss

1585 words - 6 pages competitive and successful, it needs and must, invest into continuous and effective training and improve the development of the individual employee. The management must manage the individuals in line with the company values and objectives so to achieve the results the company required. Thus the relationship between training and development and managing within performance management principles is essential for the success of an organization.References

Should children with ADHD be on Ritilan or similar drugs? Are psychiatrists using this to make money? Is ADHD diagnosis real or made up for the profit of greedy people?

569 words - 2 pages , brain damage, and stunted growth, only to name a few.As an adult, able to make one's own decisions, how long would one take Ritalin given these conditions? Knowing about the psychiatrist's hidden agendas, unsuccessful treatments, and the long term effects of Ritalin, people have an obligation to stop any loved one considering drugging their child. They have an obligation to save this child from a life of misery, crime, or worse. Americans think

Entrepreneurial Skills and the Entrepreneurial Instinct

2381 words - 10 pages . Steve Jobs once described the engineering ‘brains’ behind Apples initial success, Steve Wozniak, as 25 to 50 times better than the average engineer and that he had spent his entire working life trying to find, recruit, retain and work with these kinds of people. (SJDQ, 2013). Whilst we can clearly define what entrepreneurship is and what entrepreneurs do there is no clear definition or ‘recipe’ of what makes one entrepreneur successful over another

The Foundations of People Management

1966 words - 8 pages The Foundations of People Management For my HR assignment I have been asked to produce an essay on internal and external accountability of an organisation. I will include an organisation of my choice and explain whom it is accountable to, including 3 of their external agencies and I will provide evidence to support any claim that I make. Accountability is accepted that individuals at different levels of

Microsoft: Entrepreneurial Success or Monopoly?

2280 words - 9 pages three years without resolve, until Novell, maker of DR-DOS, a competitor of Microsoft's MS-DOS, filed a complaint with the Competition Directorate of the European Commission in June of 1993. (Maldoom 1) Doing this stalled the investigations even more, until finally in August of 1993, (Check 1) the Federal Trade Commission decided to hand the case over to the Department of Justice. The Department of Justice moved quickly, with Anne K. Bingaman, head

The success of management: "the success of a manager typically depends on the success of others"

1314 words - 5 pages organisation. This is true in all organizations, including business and government. Society could function with ineffective managers and management to some extent, but this is not optimum. 'Good' management can map out a path to success, whereas poor management may lead to failure and possible collapse of an organisation. By considering the roles of a successful manager we can learn that they are carried out continually in society and it is in

Bias Essay: This essay is adressing the question of whether one can tell a story with or without a bias

984 words - 4 pages portrays each side equally by showing that there is a reason for every action taken. During the story there is a fight scene between Jim Reed and John Snyder, in which John is killed. Many of the other families traveling with them saw it as a murder because of their biased opinion and their incomplete knowledge. The people who actually blamed Jim for killing John were ironically not present during the entire fight. From a viewpoint far up on a

Effective Time Management - The Foundation of Success

1492 words - 6 pages backpack. Now, off to Jiffy Lube where she will eat her salad while waiting for her oil to be changed. In summation, the benefits of time management can be life altering. As one finds ways to get more done with the time available to them, it can lead to an increase in overall self-confidence and a more positive outlook on life. Effective time management is also a very useful tool that can help to reduce stress in day-to-day life. If effective time management becomes a part of one’s life then he or she can find ways to juggle family, career, personal time and education. In essence, effective time management can lead to success.

Identify the key elements which account for the success or failure of social movements. Discuss with reference to examples

1757 words - 7 pages stance and it will inevitably lead to failure of the group.In Conclusion I have examined some aspects of social movements which if they are not in place could lead to failure of the movement. Without mobilization of a group then it is obvious that a movement won't even be able to get off the ground. This mobilization can either come from a tight close-knit ecology as was seen with the student movement in China or linkage of social networks. Where

THE EFFICACY OF OPEN AND DISTANCE LEARNING IN THE EDUCATION OF PEOPLE WITH DISABILITIES IN ZIMBABWE. Abstract

2049 words - 9 pages interaction between features of a person’s body and features of the society in which he or she lives. Thus there is need for intervention to remove environmental social and educational barriers for people with disabilities to access education. It is against this background that this paper seeks to discuss the efficacy of ODL in the education of people with disabilities. Conceptual framework People with disabilities A disability is a result from

Similar Essays

Success Of The People Essay

1081 words - 5 pages Locke, the people must give their consent to the government to protect their natural rights. Therefore, a strong government is needed to enforce laws and ensure that things are set right. The regrettable side to this is that power is unfortunately bad. Why? Because of human nature. If power is given to only one person or group, it will gradually turn into a dictatorship – “absolute power corrupts absolutely”. In George Orwell’s famous book Animal

The History Of Those Without Wealth Or Education

742 words - 3 pages History has been traditionally told from the point of view of those with wealth and education. But to truly understand history one must understand the history of the people who were not writing the history which includes the nation’s minorities, working class and those without a high level of education. Society is made up of a variety of people and history is not complete without telling all of their stories. History was traditionally written

The Real Purpose Of Education Essay

2729 words - 11 pages the introduction of the National Curriculum much emphasis was placed on the academic success of schools with a school being labelled 'good' or bad' depending on the academic attainment of its pupils. However, the 1988 Education Reform Act laid out guidelines across the whole school curriculum for the provision of SMSC stating that schools should promote the spiritual, moral, cultural, mental and physical development of the

The Real Purpose Of A University Education

2355 words - 9 pages The Real Purpose of a University Education All my life I knew I would be attending college. There never seemed to be any other option available as far as I knew. I never really stopped to think about whether or not it was necessary for me, or why it was so important; I was just funneled into the college curriculum in high school. I have attended the University of Arkansas for three years now, and have heard two main arguments over the