Entrepreneurship, Leadership, and Global Strategy
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Entrepreneurship and Resource Management
Entrepreneurship is the process of discovering new ways of combining resources. When the market value generated by this new combination of resources is greater than the market value these resources can generate elsewhere individually or in some other combination, the entrepreneur makes a profit.
To develop a new project, there are some essential key elements:
- Focus
- Money as a source of resources and capabilities
- The right people with the right initiative
In a startup, you have the possibility to focus on one single idea, and usually, teams have great initiative. However, startups need significant funding to be able to develop such projects. On the opposite side, corporations, which have great amounts of money... Continue reading "Entrepreneurship, Leadership, and Global Strategy" »