Entrepeneurship report Essay Example | Topics and Well Written Essays - 3000 words

Entrepeneurship report - Essay Example Forecasting in the context of business is taken to be an integral part of the planning function which is organised by business groups and is based on statistical analysis. (Arsham, 1994). Further the new product or service can be presented to the market by letting the consumers slowly adapt to it. The company can encourage the consumers to purchase products at basic levels in the first stage. Through the Freemium model the customers would feel better interested in moving over to more modified models for the product or service. (Anderson & Levine, n.d.). Again the new product or service must aim at reducing the use of materials and energy involved in the production process. The above condition would help in the protection of the natural environment. (Resourcities, n.d.). Observation made shows that United Kingdom offers a growing market for ‘sport and fitness’ products and services. The region offers a host of opportunities pertaining to the stated field reflecting the gr owth of several fitness centres and clubs promoting health and fitness services. This huge opportunity of the growth of health centres reflects that the people in United Kingdom are becoming increasingly health conscious. (British Council, 2004). The fitness industry in United Kingdom must be susceptible to dynamics of the external environment promoting innovation and other social impacts like growth of old customers who desire to spend a large amount of time in fitness and leisure activities. (National Guidance Research Forum, 2004). Literature Review In the literature review section the paper endeavours to focus on several concepts pertaining to the concept of entrepreneurship. Further the paper also tries to analyse the practical situation in respect to the theoretical concepts presented above. Literature review also focuses on the workings of the sports and fitness industry in particular to understand the entrepreneurship opportunity in the sector. The concept of entrepreneurshi p is being continually developed in relation to meeting certain stated objectives. Tiryaki (n.d.) observes to this end that entrepreneurship is developed in any sector focused on some specific issues. Firstly the entrepreneur endeavours to understand the operation of the marketing network in the region in relation to the stated sector. In the second phase entrepreneur seeks to relate the social and profit goals in relation to the level of entrepreneurship activities taken. In light of the above discussion, Tiryaki (n.d.) attempts to conduct a review of three essential theories pertaining to entrepreneurship activities. Firstly entrepreneurship theory devised by Marshall reflects a transparent external environment from where the entrepreneur can derive all types of needed information. This theory also states that the amount of profit generated from entrepreneurship activity does not exceed the benchmark of normal returns and moreover the entrepreneurship process is also compared to a normal process of production activities. However again the analysis rendered by Schumpeter in this direction is also studied which is found to render a more practical framework. Tiryaki (n.d.) states that though Schumpeter’s theory on entrepreneurship presents a more practical framework of the marketing system yet it relates all types of innovation activity

Exploring Your Ethnicity Essay Example | Topics and Well Written Essays - 3250 words

Exploring Your Ethnicity - Essay Example This is rather sad given this is of postmodernity. Diversity can be sourced from gender, ethnic, culture and race. As such, given these numerous sources of diversity it is appalling to realize that some people have not adapted to the presence of other persons who are somewhat different. Such is the fate of people who do not conform to this status quo. True to this assertion, this paper endeavours to explicate on my ethnic diversity. This is in the sense that I am from Saudi Arabia. As such, I am well placed to expound on this subject of ethnic diversity. In addition, I will expound on my experiences in a foreign country. Ethnic diversity is an intrinsic element of society. As such, it should be placed in high regard. I am an Arab. More specifically, I am a Native Saudi Arabian. I was born in Saudi Arabia same as my whole family. Coming from a nation state that is largely, if not wholly, of Arabian descent, I rarely witnessed cases of diversity. This is because the variation in ethnic ity in Saudi Arabia is all but trivial. Additionally, the immigrants in Saudi Arabia are inconsequential in number. As such, all my life I have never found myself in a situation that offers me the opportunity to interact with various people of diverse origins. In such a circumstance, it is highly probable that the first interaction with an environment that is characterized by diversity and disparity will culminate in unwarranted reactions. However, this does not mean that I reacted harshly when I entered this country. Rather to the contrary, given the academic opportunity availed to me via the educational system existing in this country, I more than appreciate this country. Given this fact, it is sad to realize that the feeling is not reciprocated wholesomely. This translates to mean that, not all people react suspetingly to my presence. However, the select few are worth highlighting. Prior to coming to this country, I sought the input of my relatives. A majority of them were agains t this idea. However, head strong as I am, I ventured to partake in this journey of furthering my academic ambitions. This was made easier by the support of my direct family. On coming here, I began to understand the reservations harbored by my relatives concerning my journey to America. However, irrespective of this, I was not raised to be a passive individual. The fear of discrimination owing to my ethnicity should not impede on my academic ambitions. True to the characteristics of the Arab people, who traversed the globe in search of trading merchandise, I have in an intrinsic need to be oblivious of the element of distance. Given that I do not want to live in America on a permanent basis, this somewhat solidifies my beliefs on the importance of distance. As such, the negative assertions by strangers on the American streets will not deter or dissuade me from achieving the academic goals I have set for myself. Saudi Arabia is ethnically Arab. This ethnicity is the generalization o f people from, the Arab peninsula and their subsequent descendants (Lewis, 1993). Each region in the country has various variations of Arabs, albeit minimal variation. There are African and Asian people also living in Saudi Arabia (Hourani, 1991). However, a significant majority of these are Muslims. Unlike the ethnic variation that is significantly present in the United States, Saudi Arabia is by law, characterized by a purely natural Muslim population. So much