Assignment: Discussion—Entrepreneurs and the World of Business

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Course Introduction

Entrepreneurs change the world by creating wealth not only for themselves, but also for many others around them.

Why not be another Steve Jobs and create a venture as successful as Apple, which stands out from similar companies because of its unconventional business ideas that constantly redefine the standards for products, marketing, and techniques for industry innovation? Apple's primary entrepreneurial focus—providing powerful and user-friendly products and solutions, with a focus on design—drives Apple to remain a world leader in cutting-edge media and technology. This philosophy brought to the world such successful products and services like iTunes, the iPhone, and the iPad. Do you know anyone who has never heard about Apple and its products?

This course will reveal the entrepreneur inside you and will increase your chances of success in your career.

Each module will help you put together the entrepreneurial puzzle. Buckle up and good luck!

Module Readings

Complete the following readings early in the module:

Module overview
From your course textbook, Entrepreneurship: Starting and operating a small business, read the following chapters:
- Entrepreneurs Recognize Opportunities
- The Business Plan: Road Map to Success
- Creating Business from Opportunity
- Appendix 1 The Daily Perc
From the Argosy University online library resources, read the following articles:
- Baron, R. A. (2006). Opportunity recognition as pattern recognition: How entrepreneurs "connect the dots" to identify new business opportunities. Academy of Management Perspectives, 20(1), 104–119. doi:10.5465/AMP.2006.19873412
  http://www.thecampuscommon.com/library/ezproxy/ticketdemocs.asp?sch=auo&turl=http://search.proquest.com/
  docview/210509378
- Davis, T. (2006). How many entrepreneurs does it take to change a nation? Business Strategy Review, 17(4), 68–73. doi:10.1111/j.0955-6419.2006.00438.x
  http://www.thecampuscommon.com/library/ezproxy/ticketdemocs.asp?sch=auo&turl=http://search.proquest.com/
  docview/219631882
- DeTienne, D. R., & Chandler, G. N. (2004). Opportunity identification and its role in the entrepreneurial classroom: A pedagogical approach and empirical test. Academy of Management Learning & Education, 3(3), 242–257. doi:10.5465/AMLE.2004.14242103
  http://www.thecampuscommon.com/library/ezproxy/ticketdemocs.asp?sch=auo&turl=http://search.proquest.com/
  docview/223304898
- Eesley, D. T.,& Longenecker, C. O. (2006). Gateways to intrapreneurship. Industrial Management, 48(1), 18–23. (ProQuest Document ID: 211621084) Retrieved from http://search.proquest.com.libproxy.edmc.edu/docview/211621084?accountid=34899
- Ernst & Young (2011). Nature or nurture? Decoding the DNA of the entrepreneur. Retrieved from http://www.entrepreneurship.org/en/resource-center/~/media/Entrepreneurship/Files/
  Resource%20Center/Nature_or_nurture_FINAL.pdf
- Komoszewski, J. (2011). Streamline your business plan, one note card at a time. Journal of Financial Planning, Practice Management, 24–25. (ProQuest Document ID: 857749134) Retrieved from http://search.proquest.com.libproxy.edmc.edu/docview/
  857749134/fulltextPDF?accountid=34899
- Mullins, J. W. (2010). Voices: What to do before you write a business plan. Business Strategy Review, 21(4), 92–93. doi:10.1111/j.1467-8616.2010.00719.x
  http://www.thecampuscommon.com/library/ezproxy/ticketdemocs.asp?sch=auo&turl=http://search.proquest.com/
  docview/821691095
- O'Brien, T. (2010). Time for an upgrade: Creating a 10-part business plan for career success. Public Relations Tactics, 17(1), 12.
  http://www.thecampuscommon.com/library/ezproxy/ticketdemocs.asp?sch=auo&turl=http://search.proquest.com/
  docview/205189646
- Schramm, C. J. (2004). Building entrepreneurial economies. Foreign Affairs, 83(4), 104–115. (ProQuest Document ID: 214291063) Retrieved from http://search.proquest.com.libproxy.edmc.edu/docview/214291063?accountid=34899
Module introduces you to the concept of entrepreneurship and the various advantages and disadvantages of conducting a business as an entrepreneur. In addition, it focuses on the business plan and the reasons for creating such documents, as well as on some recommendations for its contents and applications.

Module Overview

Entrepreneurs are able to identify and pursue ideas and opportunities that can become feasible business ventures. They are the real agents of innovation and change in free economies, always finding a new or better way of doing things.

Traditional entrepreneurs start their own businesses and work for themselves.

There are, however, other kinds of entrepreneurs, such as the intrapreneur (or corporate entrepreneur) and the social entrepreneur. Nevertheless, this course will focus only on traditional entrepreneurs and the creation of new business ventures.

This Module will introduce you to the concept of entrepreneurship and the various advantages and disadvantages of conducting a business as an entrepreneur. This module will also introduce you to some of the decisions that an entrepreneur makes.

Conclusion Module covered the foundations of entrepreneurship, the entrepreneurial process, and the identification of potential business opportunities.

Developing a successful business idea not only includes the opportunity recognition discussed in this module, but also following all the steps in the entrepreneurial process until the business is ready to participate actively in the marketplace. All these steps will be discussed in the coming modules of this course which will include, among other things, a clear and comprehensive definition of the business in point and the development of marketing and financial plans.

Assignment: Discussion—Entrepreneurs and the World of Business

In this assignment, you will discuss the role of entrepreneurship in improving the economic condition of countries and individuals and understand the manner in which this perception has spread around the world.

Tasks:

Entrepreneurship is being increasingly practiced in countries throughout the world. On the basis of this statement, answer the following questions:

Why do you think entrepreneurship is growing around the world? Do you expect this trend to continue, or do you think entrepreneurship's appeal will subside over time?
What are the three primary reasons that lead people into becoming entrepreneurs?
Which reason would better describe an eventual personal choice to become an entrepreneur?

Submission Details:

By Saturday December 22, 2108, in about 300 words, post your responses to this Discussion Area.

turned-in on time, Grading criteria followed All assignment qualifications addressed correctly, Grading Criteria followed, Include Question followed by the answer Reference Page Included Cover page Included, Paragraphs Indented, Running-head included, main heading should be centered; all new paragraphs should be indented; paper should be right ragged, not right justified; references, should always go on a standalone page. abstracts are not usually indented; acronyms should be spelled out when using them for the first time, for example HR. references as listed are APA standard. When you submit your papers through turnitin.com, your overall similarity index score should not be exceedingly high, with ten to fifteen percent being the maximum, Please make sure your APA formatting of citations. I have provided the APA resource cite for you. https://owl.english.purdue.edu/owl/resource/560/01, Please work on using literature within the span of the last 5 years, keep in mind there should not be any one, two, or three sentence paragraphs Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation.

Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation.

Do the following when responding:

Read your answers.
Provide substantive comments by
- contributing new, relevant information from course readings, Web sites, or other sources;
- building on the remarks or questions; or
- sharing practical examples of key concepts from your professional or personal experiences
Respond to feedback on your posting and provide feedback on their ideas.
Make sure your writing
- is clear, concise, and organized;
- demonstrates ethical scholarship in accurate representation and attribution of sources; and
- displays accurate spelling, grammar, and punctuation.