Showing posts with label ENTRENEURSHIP. Show all posts
Showing posts with label ENTRENEURSHIP. Show all posts

Friday, 24 April 2015

ENTREPRENEURSHIP ANSWERED QUESTIONS

B) To explain the statement “innovative process of creative destruction as envisaged by Schumpeter”
Joseph Alois Schumpeter Creative destruction occurs when something new kills something older. A great example of this is personal computers. The industry, led by Microsoft and Intel, destroyed many mainframe computer companies, but in doing so, entrepreneurs created one of the most important inventions of this century.

Schumpeter goes so far as to say that the "process of creative destruction is the essential fact about capitalism." Unfortunately, while a great concept, this became one of the most overused buzzwords of the dotcom boom (and bust), with nearly every technology CEO talking about how creative destruction would replace the old economy with the new.

C) From my stand point to DISCUSS “Man is the steward of everything that was made by the maker of the earth and the universe”
Stewardship is a theological belief that humans are responsible for the world, and should take care of it. Many religions and denominations have various degrees of support for environmental stewardship. It can have political implications, such as in Christian Democracy.
Many moderate and progressive Catholics, Protestants and evangelicals see environmentalism as a consequence of stewardship. In Jewish and Christian traditions, stewardship refers to the way time, talents, material possessions, or wealth are used or given for the service of God.
It can be easy to forget that God create the world we live in and us as well. He created the air we breathe, the sun that warms the earth, and plants and animals for food. He is the one that gave us our brains to think, he placed different gifts and skills in each one of us, and gave us each unique personalities.
It is only because of His great mercy that he doesn’t just prove to me how dependent I am on Him, when I start to think I really accomplished something on my own   . As we understand that, “the earth is the Lord’s and everything in it,” (Psalm 24:1) we can see that we are merely temporary possessors (or stewards) of things that He owns. We are born with nothing and we take nothing with us when we leave. It all just gets passed on to someone else. The amazing thing is that we have the opportunity to “store up for ourselves treasures in heaven” by giving some of those items that we temporarily possess down here.
As stewards we have a responsibility to use what we have been given wisely. Just like in the parable of the talents, it is up to us how we use what we have been given. We can choose to bury it like the “lazy” steward or we can make more from what we have been given like the “good” stewards.
As far as managing our finances go, there is a tricky balance between not being wasteful like Jesus talks about in John 6:12 and not living with a poverty mindset. It is easy to fall towards one of the extremes, and it is challenging to walk in the balance. That balance is what we should be seeking in the practical areas of being stewards of our finances.
The great thing is that as we prove ourselves faithful in small things we will be given more and bigger things to be stewards over.

D) If man is an entrepreneur, then the maker of the earth and the natural universe must be a Supra entrepreneur. Discuss
They say entrepreneurs create something out of nothing. An entrepreneur has an idea and he startups up a venture. What if God had been an entrepreneur? After all he did start up this world
In six days flat! And what if God had to meet seek risk capital for his ‘whole new world’ kind of the project? We have heard many startup people claim, that in their jobs they simply do what they have always wanted to do and that the time spent working is just great. But wait - is it still work they are talking about? Hasn’t history told us that work means no fun? After all, from the old Greeks to medieval kings, everybody considered work as nothing but a necessary evil. So, let us find out: What is it that people in startups actually want from life and their jobs? What makes them feel so fantastic about devoting their soul to work? For this, let’s turn to German sociologist Max Weber’s classical study “The Protestant Ethic and the Spirit of Capitalism”. It can help us make sense of the meaning and motives behind startup enthusiasm.
The successful entrepreneur stands on top of the symbolic hierarchy within the startup scene. Other actors and institutions need to show their respect to this goddess in order to be legitimate players. This helps us understand why some capital investors have been raised to the symbolic status of a ‘Business Angel’, a heavenly creature. Most of them have a history of being successful entrepreneurs themselves.
The book of Genesis says that God gave human beings dominion over the earth. He said we are to be stewards of His creation. Today, God sustains the universe in a logical, orderly way so that we can understand and influence it as we fulfill our God-given “dominion mandate.”In many cases, we can write equations to describe the consistent predictable behavior of the universe. These equations, or “laws of nature,” are descriptions of the way God upholds the universe in the present. However, these laws of nature cannot describe how God created the universe. Like the flashlight, the universe was not created by the same processes that operate within it today.
God makes clear in Genesis 2:2 that He changed His mode of operation by the seventh day, when He ended His work of creation. So God is no longer acting today in the same way He was during the Creation Week. He is no longer speaking new animals, plants, and stars into existence. Creation was a supernatural event, which cannot be described by today’s laws of nature. So naturalism (the underlying philosophy of the big bang) cannot be harmonized with Genesis. The big bang is diametrically opposed to the supernatural creation described in the Bible. Furthermore, there are many other differences between the big bang and the biblical account of origins. For example,
The Bible tells us that God created heaven, earth, and everything within them in the span of six days (Exodus 20:11) and rested on the seventh day. This is the basis for our work week (Exodus 20:8). In contrast, the big bang model claims that the universe and earth formed over billions of years. Genesis tells us that God created the stars on the fourth day three days after the earth was created. In contrast, the big bang model claims that stars existed billions of years before the earth.
The Bible tells us that the earth was made from water (2 Peter 3:5; Genesis 1:2–9; Psalm 24:2), but the standard secular model teaches that the earth began as a molten blob.
As belief stand critical God has made all things just like magic, by commanding and deciding as they appear. God is the Supreme creator and maker of the Universe. But human beings become the utilizers of the intelligence given by Him.
REFERENCE
The Holy Bible , King James Version.
Is the big bang biblical? by Written by Dr. John Whitmore
Taking Back Astronomy, The Heavens Declare Creation and Science Confirms It
Written by Dr. Jason Lisle
War of the Worldviews Powerful Answers For An “Evolutionized” Culture Written by Dr. Jason Lisle, Stacia McKeever, Bodie Hodge, Carl Kerby, Dr. David Menton, Dr. Terry Mortenson, Dr. Georgia Purdom, Mike Riddle, and Ken Ham


entrepreneurs are the creators of the physical universe

 Based on explained insight we can authoritatively say that entrepreneurs are the creators of the physical universe, if we take the physical universe to mean everything that we can see, feel, and touch, situations-good or bad ets. DISCUSS
INTRODUCTION
We cannot continue to do the same thing every day and hope to remain competitive. In business as well as in life, change is not a choice, it’s a must. The options are very clear: innovate
If there’s one aspect of business that can help you keep up with change as an entrepreneur, it is creativity.
Being in business is all about meeting the needs and solving the problems of a particular set of people. These people are known as your customers.
They have needs that arise as a result of certain problems they have, and are in search of products/services that will solve their problems. These needs are always changing with time.
Success goes to the entrepreneurs who not only keep up with these changes, but also create products/services that anticipate evolving needs and desires.
An entrepreneur is only able to achieve this through an unwavering dedication to creativity.

Creative entrepreneurship is the practice of setting up a business – or setting yourself up as self-employed - in one of the creative industries. The focus of the creative entrepreneur differs from that of the typical business entrepreneur or, indeed, the social entrepreneur in that s/he is concerned first and foremost with the creation and exploitation of creative or intellectual capital. Essentially, creative entrepreneurs are investors in talent – their own or other people’s.
The most renowned creative entrepreneurs have combined creative flair with entrepreneurial ability to build multi-million dollar business empires. Examples include Rupert Murdoch, Madonna and Richard Branson.
BEST WORLD ENTREPRENEURS
STEVE JOBS
 Steve Jobs' impact on your life cannot be overestimated. His innovations have likely touched nearly every aspect computers, movies, music and mobile. As a communications coach, I learned from Jobs that a presentation can, indeed, inspire. For entrepreneurs, Jobs' greatest legacy is the set of principles that drove his success.
Over the years, I've become a student of sorts of Jobs' career and life. Here's my take on the rules and values underpinning his success. Any of us can adopt them to unleash our "inner Steve Jobs."
1. Do what you love. Jobs once said, "People with passion can change the world for the better." Asked about the advice he would offer would-be entrepreneurs, he said, "I'd get a job as a busboy or something until I figured out what I was really passionate about." That's how much it meant to him. Passion is everything.
2. Put a dent in the universe. Jobs believed in the power of vision. He once asked then-Pepsi President, John Sculley, "Do you want to spend your life selling sugar water or do you want to change the world?" Don't lose sight of the big vision.
3. Make connections. Jobs once said creativity is connecting things. He meant that people with a broad set of life experiences can often see things that others miss. He took calligraphy classes that didn't have any practical use in his life -- until he built the Macintosh. Jobs traveled to India and Asia. He studied design and hospitality. Don't live in a bubble. Connect ideas from different fields.
4. Say no to 1,000 things. Jobs was as proud of what Apple chose not to do as he was of what Apple did. When he returned in Apple in 1997, he took a company with 350 products and reduced them to 10 products in a two-year period. Why? So he could put the "A-Team" on each product. What are you saying "no" to?  
5. Create insanely different experiences. Jobs also sought innovation in the customer-service experience. When he first came up with the concept for the Apple Stores, he said they would be different because instead of just moving boxes, the stores would enrich lives. Everything about the experience you have when you walk into an Apple store is intended to enrich your life and to create an emotional connection between you and the Apple brand. What are you doing to enrich the lives of your customers?
6. Master the message. You can have the greatest idea in the world, but if you can't communicate your ideas, it doesn't matter. Jobs was the world's greatest corporate storyteller. Instead of simply delivering a presentation like most people do, he informed, he educated, he inspired and he entertained, all in one presentation.
7. Sell dreams, not products. Jobs captured our imagination because he really understood his customer. He knew that tablets would not capture our imaginations if they were too complicated. The result? One button on the front of an iPad. It's so simple, a 2-year-old can use it. Your customers don't care about your product. They care about themselves, their hopes, their ambitions. Jobs taught us that if you help your customers reach their dreams, you'll win them over.
There's one story that I think sums up Jobs' career at Apple. An executive who had the job of reinventing the Disney Store.
Creativity is the essence of entrepreneurship. Products/services don’t fall from the sky like manna, they are created. And the one person that must bear the burden to create is none other than you, the entrepreneur.
MATTHEW BOULTON
Matthew Boulton was a pioneer in manufacturing, he was far from wealthy; his father was a toy maker at the time of his birth. Matthew attended a  local school and upon leaving; he  joined his father’s business. At the age of 21yrs Matthew married Mary Robinson the daughter of a wealthy Mercer (Mercer; a silk, linen and fustian textile merchant). Eventually he took charge of his fathers business  (1757) When his father died, he later gained interest in  precious metals; leaving behind the toy trade altogether. With a new trade under his belt Matthew then travelled throughout the United Kingdom, selling his goods wherever he could. After a short period of time he negotiated with a highly regarded friend to present a sword to Prince Edward as a gift, however it was Prince Edward’s older brother; Prince George III, the heir to the throne of England and later the King of England; that was truly interested in the gift.

He began production at Soho and introduced modern production methods as well as a “pioneering insurance scheme” for his workers. He soon became widely known for his perfectionist characteristics as well as his much technological advancement within manufacturing processes. Soho House soon became a must see to the rich and powerful and he regularly had people of royal stature coming to stay with him so they could see and learn more about his work and techniques. Later in life Matthew became infatuated with science and and astronomy, and became well known for his work. He was also named as the Sheriff of Staffordshire before his death in 1809. By the time he died Matthew had become one of the wealthiest and most pioneering manufacturers and entrepreneurs in the UK.
BILL GATES
Bill Gates; The second richest man on the planet, one of the most recognized names in the world, as much a celebrity as the pop stars and movie stars due to his highly public profile. Bill has always been in the lime-light since he began his career way back aged 13yrs the age of the personal computer was far from near and Bill, Paul Allen and some others from high-school started using the computers of the time, the DEC PDP-10 was one of them. Bill, Allen and their friends studied the inner workings and making notes of coding language and tried to decipher it to understand how a computer worked. They were eventually banned from the DEC PDP-10 after they were caught exploiting code “bugs” which allowed them to extend the amount of time they had been allocated on the machine. In 1973 after completing high-school with a 1600 (top score) in his SAT’s, he enrolled at the University of Harvard. While studying at Harvard Bill made a new friend in Steve Ballmer, they have continued to be friends to this day and Ballmer took over as CEO of Microsoft upon Gate’s early retirement. After spending much of his study time at the helm of the University’s computer systems Bill decided to leave Harvard in order to start his own business, this was partly due to the launch of the Altair 8800 which used Intel’s new cpu 8080 which had gotten bill excited by the prospects of what he could do with the technology.
Throughout the years Bill and Allen made some amazing advancements in computer technology and partnered with some massive businesses in order to gain the capital they needed to start the manufacturing of their own products and software. IBM approached Microsoft in 1980 asking for them to develop code for their BASIC (computer language) computer the IBM PC, MS DOS was created and this made Microsoft a very big player in the industry over night. In 1985 a decade after beginning their business They launched the first ever copy of MS Windows. As we know Microsoft became the standard in computer technology and has now become the largest computer information and technology business in the world. Microsoft currently stands at $62.4 billion (2010) with Bill Gates have a personal fortune of around $53 million which he uses to help very worthy causes and charities; including his own, the Gates Foundation.
WALT DISNEY
 Walt Disney, and he is a great example of a successful entrepreneur. His first break in entertainment came when he was hired by the Kansas City film Ad Company, where he learned to make animations from cut-outs. He was then given a massive inspiration after reading the book by Edwin G. Lutz; Animated Cartoons: how they are made. Upon reading it and getting quite excited about the prospects of becoming a professional animator he left Kansas City Film Ad Company. Laugh-O-Grams his second business went bankrupt; which was mainly down to the studio costs, staff costs and lack of business to bring in revenue to pay for them. This meant he wasn’t a bad businessman; he was just bad with money.
Having really learned his lesson from failing so miserably, Walt and his brother Roy went to Hollywood where they managed to secure a distributor deal to help with the business. Things grew more and more successful and the business started to go from strength to strength. His unique characters and his ability to bring animation to life really brought the fans to the cinemas and theatres. Walt Disney received an Academy award in 1932 for his efforts in animation, thanks to his new found fans who were demanding more cartoons featuring Mickey Mouse. Walt Disney continues his success for another 34 years before his death they left behind a legacy which is now called the Walt Disney Co. Today the Walt Disney business is currently worth $35 million


CONLUSION
With the power that God has given human kind referring the given and explained best world inventors and innovators of developing and useful physical universe. In fact, humans have been fretting over God-playing for centuries. Think of it: innovations are necessary for humans to harness nature for their own interest. for most innovation, as a God-playing exercise, has a religious context. You can believe in a loving, infinite God, who created free will, good and evil...or not. You can believe in an accidental universe...or not. But "creation" exists, and it is the innovation of humans that has made it develop and evolve. We are, in our daily work, doing the work of evolution, or, as the Jesuit scientist Pierre Teilhard de Chardin, S.J., put it best, "we are all collaborators in creation."