Corporate Entrepreneurship Essays

Corporate Entrepreneurship Essays Corporate Entrepreneurship Essay Corporate Entrepreneurship Essay Corporate entrepreneurship is also commonly known as corporate venturing or  Intrapreneurship. It is coined by legendary management thinker and management guru   Peter. F. Drucker. It is the act of initiating new ventures or creating value with an already established  organization  or social entity. It is basically a process of creating new business within established firms to improve organizational profitability and enhance a firm’s competitive position or the strategic renewal of existing business. â€Å" Innovation â€Å"is at the very core of corporate entrepreneurship.So corporate entrepreneurship is done to enhance an organization`s competitive edge through innovative ideas which creates a unique place for itself in the industry or creates a new industry by itself. It can also be called a process by which organizations try to change its existing image. Corporate entrepreneurship activities can be internal or external. Internal activities are the process or acti vities which are developed within a organization. These type of activities are done in order to test a market, technology, production methods or effectiveness of employees. These activities may cover at various levels of the firm.Internal entrepreneurship can be applied on the following stages like: administrative, opportunistic, imitative, technical or organizational. External entrepreneurship is the process of combining resources which are located at different areas in the environment by individual entrepreneurs with his own unique resources to create a new combination of resources, which is independent of all others. External activities are in the form of mergers, joint ventures, corporate venture, venture nurturing, venture spin-off and others. Corporate entrepreneurship can be applies to any business size at any point of a organization`s life cycle.Today there is a growing desire by business houses to apply corporate entrepreneurship in order to enhance the innovative abilities of their employees and to increase corporate success by creating of new corporate ventures. However, the creation of corporate activity is difficult since it involves radically changing internal organisational behaviour patterns. Both entrepreneurship and corporate entrepreneurship are a viable means of creating business growth and stimulating the economy. Large companies implementing  entrepreneurial   culture can receive many benefits to help them tap into innovation and be competitive in this global market.If the company is encouraged to take risks, the employees are allowed to be creative and innovative, it becomes easier to generate new products for the market. It becomes clear from the findings and research that there is a strong link between large organizations using corporate entrepreneurship and their growth and increased profitability because it encourages a culture that promotes pro-activeness. Another plus point of  corporate entrepreneurship  is that it brings knowledge as everyone in the organization works towards the same goal.This creates valuable knowledge and understanding between all members. Thus the organization develops a continuous knowledge base of information that results in increased and better informed innovative behavior in decision making and risk taking. Some examples of corporate entrepreneurs are: Philips Philips faced a situation where it`s standard set of distribution , promotion and sales policies apllied uniformly to all product lines was ineffective in coping with the large volume chains that dominated the retail.Philips reorganized the structure of its consumer electronics marketing division based on an analysis of changes in its product line and a growing concentration in its distribution channels. To cope with these problems, Philips abolished its uniform structure and organized the marketing department into three groups: an advanced-system, group for technologically sophisticated, high-margin products such as c ompact disk players; a mainstay group for high-volume mature products and in mass merchandizing group for older, declining products (such as portable cassette players).Meanwhile, increasing concentration in the distribution channels and a growing need for distinct marketing approaches for different products became manifest throughout Europe. The new model for the marketing organization developed by the British subsidiary was clearly appropriate for other subsidiaries. Despite initial resistance, the innovation was soon transferred to most other international organizations. Proctor and Gamble For  Proctor and Gamble, the innovation meant something new. When applied to a product, â€Å"new† meant different things.One of the best examples of product innovation was the way in which Proctor amp; Gamble developed a global liquid detergent. Despite the success or liquid laundry detergents in the United States, all attempts to create a heavy-duty liquid detergent category in Europe had failed due to different washing practices and the superior performance of European powder detergents. which contained enzymes, bleach, and phosphates at levels not permitted in the United States. But Pamp;G’s European scientists were convinced that the liquid detergent’s performance could be enhanced to match local powdery.After several years of work, they developed a bleach substitute as well as a  means to give enzymes stability in liquid form. Meanwhile, researchers in the United States were working on a new liquid better able to deal with the high clay soil content in dirty clothes in the United States. Each product incorporated the best developments created in response to European, US, and Japanese market needs. Relatively speaking, however, a product already introduced in one market may be an innovation elsewhere because it is new and different for the targeted market. .

Free Essays on Winston Church Hill

meant. He was in trouble a lot at school. His greatest pleasure was reading. He liked to read poetry. He hated Math and Latin, but loved History, Poetry and butterflies. At the age of 12, he was transferred from St. James School to Brighton Harrow. He was treated poorly by the older boys because he wasn’t afraid to speak his mind and stand up for himself. He was a kid that always dreamed of being a soldier. He loved looking at armor. At age 15, he passed his military exam and went to Sandhurst. He graduated with honors at age 18 and became an officer in the Calvary. His father died after the new year. In 1895, he became a war correspondent during the Cuban Rebellion. In 1896, he was sent to India. While there, he realized how much stuff he didn’t learn in school. He started studying and reading to get knowledge. In 1889, they went to war with the Boars, and Winston and sixty British Soldiers were imprisoned. They wanted to escape. Winston climbed the bathroom wall, snuck aboard a train, and returned to England. About a month later, he ran for office. He was elected into Parliament. In 1901, at the House of Commons, he made his first parliamentary speech. Seven years later, in 1908, he married Clementine Hosier. A couple of months later, he got kicked out of office. In 1911, he was elected first Lord of Ad miralty, during World War I. When one of his strategies failed, he was a... Free Essays on Winston Church Hill Free Essays on Winston Church Hill Title: The Story of Winston Churchill Author: Alida Sims Malkus This story tells of Winston Churchill’s life from birth until he was knighted by Queen Elizabeth, II. Winston Churchill was born November 30, 1874. He went to St. James School near Ascot when he was 7 years old. At school he lived in a dorm. Winston had one brother named Jack. His mother and father were always gone for great periods of time. He always had a hard time in Latin. He could remember it, but he didn’t understand what the words meant. He was in trouble a lot at school. His greatest pleasure was reading. He liked to read poetry. He hated Math and Latin, but loved History, Poetry and butterflies. At the age of 12, he was transferred from St. James School to Brighton Harrow. He was treated poorly by the older boys because he wasn’t afraid to speak his mind and stand up for himself. He was a kid that always dreamed of being a soldier. He loved looking at armor. At age 15, he passed his military exam and went to Sandhurst. He graduated with honors at age 18 and became an officer in the Calvary. His father died after the new year. In 1895, he became a war correspondent during the Cuban Rebellion. In 1896, he was sent to India. While there, he realized how much stuff he didn’t learn in school. He started studying and reading to get knowledge. In 1889, they went to war with the Boars, and Winston and sixty British Soldiers were imprisoned. They wanted to escape. Winston climbed the bathroom wall, snuck aboard a train, and returned to England. About a month later, he ran for office. He was elected into Parliament. In 1901, at the House of Commons, he made his first parliamentary speech. Seven years later, in 1908, he married Clementine Hosier. A couple of months later, he got kicked out of office. In 1911, he was elected first Lord of Ad miralty, during World War I. When one of his strategies failed, he was a...

Program Evaluation Plan Assignment Example | Topics and Well Written Essays - 500 words

Program Evaluation Plan - Assignment Example The two slide presentation workshops will concentrate on the effectiveness and informative value of the visual aids used by the supervisors. From the workshops, it is expected that the supervisors will increase the quality of their oral presentation skills by 30th April, 2015. The supervisors will also get three sessions of one-on-one coaching on how to give employees positive and negative feedback on their work performance. Later, the supervisors will also get a tutorial on how to provide accurate, complete, useful written performance feedback that is in compliance with company’s policy and state law. The company will provide the required venue, table, and chairs. The ABC Company HR communication specialist will conduct all sessions. From the coaching sessions and the tutorial, it is expected that the supervisors will have increased the quality of their ability to provide performance feedback to employees by April 30, 2015. Progress on the indicators will be measured by the number of sessions delivered, the number of sessions each supervisor attended, the level of participation of each supervisor, length of sessions and the adherence to workshop delivery plan by the official in charge (Fink, 2015). Program process will be evaluated by examining whether the program was implemented with fidelity and adapted to the target population. It is expected that an acceptable degree of program fidelity will be maintained, and the program will be reviewed for appropriateness. Program outcomes will be evaluated by examining program’s influence on the supervisors’ communication skills. Monthly communication skills assessments will be updated every month by the Communication Specialist. The attendance and participation rates will also be recorded and an implementation record developed by the Communication Specialist upon conclusion of every session. Surveys will be

A jornal opinion article Essay Example | Topics and Well Written Essays - 750 words

A jornal opinion article - Essay Example The country’s exports also fell, considerably, due to slow-down of economies in countries like China and Euro zone nations. According to the article, the corporate decision makers are delaying their investment plans, as they have their own apprehensions on Federal Budget Policies and forthcoming US elections. These factors, among others are reasons for delaying the investment decisions by those responsible for corporate spending. As they are delaying the implementation of big projects, partly due to slow demand, world-wide, the big businesses are looking forward to government action on issues involving ‘tax cuts’ and ‘fiscal deficit’. During the meeting with President Obama, top executives of leading companies, including Apple and JP Morgan Chase agreed to work together for betterment of investment climate in the country. As the article date is 19 Nov 2012, it informs the readers that the spending by major corporate businesses was excellent during the whole year, except the recent months when it slowed down considerably. This was supported by the figures quoted in the article, which showed that S&P’s listed 500 stock index companies spent around $ 580 billion on the purchase of plant and equipment for business expansion. However, the reversal in the capital expenditure plans, during the third quarter of 2012 was a sign of worry for the future, although the current scenario presented in the article was not that gloomy. The slow down was due to lower fuel prices, higher job opportunities and better housing market. The article has held the global slowdown responsible for the reversal of investment plans in third quarter of 2012. Giving an example of reducing demand of coal and other minerals in China, the article informs that the result of this has been reduced orders for earth moving and other heavy equipment for American giant ‘Caterpillar Inc.’. Other areas of concern provided by

Relationship Marketing Individual Assignment Essay

Relationship Marketing Individual Assignment - Essay Example For many theorists, relationship marketing appears to be a new concept, but a few others have been keen to identify that relationship marketing has always existed as a critical part of many traditional marketing theories. The main objective of adopting the relationship marketing is to ensure that an organization has a well-established and long-term relationship with its stakeholders. Most importantly, organizations focus on the most critical stakeholders who are the customers. This is because a business cannot exist without customers who are the consumers of the products and services the business provides. With the global business front becoming highly competitive, there is a salient need for businesses to adopt the relationship marketing as one of the outstanding strategies of maintaining the customer loyalty. Traditional marketing theories focus on convincing customers for the first time. On the contrary, relationship marketing intents to maintain an esteemed relationship between the customer and the business. The Starbucks Company has exhibited its commitment to using relationship marketing in an effort to develop meaningful relationships with different stakeholders. This explains why the company prides itself with a remarkable number of loyal customers. This paper will focus on describing the theoretical frameworks that define relationship marketing and how the Starbucks Company has been applying these theoretical concepts in an effort to develop meaningful relationships with stakeholders. The Starbucks Company began as a small coffee house in Seattle in 1971. However, over the decades, Starbucks Company has risen to become a giant coffee company exerting its impact across the globe. The company has received recognition as a leading company and has appeared in the top 100 Forbes companies several times (Angrisani 2013, p. 12). Over the years, Starbucks Company has

Americas Obesity Essay Example for Free

Americas Obesity Essay The McDonalds Corporation wants to be everywhere that children are. The number of obese children has more than doubled since 1980. Many people blame the fast food industry for making the people of America fat. Most of the people in America blames the companies for selling their unhealthy food, advertising and promoting their food to young children, and creating super sized servings. Having said that, there are people who believe that it is the persons fault for being an unhealthy and obese person. Weintraubs article â€Å"The Battle Against Fast Food Begins in the Home†, argues that America shouldnt be blaming the fast food industry or the government, but instead the parents. Weintraub explains how its the parents responsibility for their own childs health and I agree with him. I, personally blame consumers but in this case the parents are the one to be blamed since their children are not old enough to understand how fast food affects our health. People are able to make their own decisions in life and every decision should help us in a positive matter. Before we are able to make right choices, its our parents responsibility to teach us. Parents should be able to teach their children on how to make wise choices. Everyone chooses for themselves and the choices we make should reflect on our life style and well being. In Weintraubs article, he states how he treats his kids in his own home and the strict rules he has set for his children to follow. His home is a fast food , free zone or shrine to physical fitness. Weintraubs family tries to cook meals at home as much as possible. They limit television time and he encourages his boys to get out of the house, to either participate in school sports or other outside activities. Weintraub recommends having health care foundations â€Å"encourage these kinds of simple policies in the home† and maybe we might just see a slight change in Americas obesity problem. Clearly fast food companies promote their food to children because they are easier to persuade and manipulate. Many children see McDonalds advertisements while watching television and they immediately react to it by telling their parents they want to buy this or that. Sometimes parents a rent able to cook a home cook meal so they turn to fast food. Most of the time their children wanted that in the first place. There are many situations where fast food is the only choice parents have because its fast and affordable. In our economy affordable is what everyone wants. Fast food locations are everywhere and anywhere. Weintraubs loaded gun analogy, â€Å"We have laws against parents leaving a loaded weapon where their children can find it and use it to hurt themselves or others. But no one seems to want to tell parents that they need to protect their children from unhealthy foods and sloth.† I agree with what he is trying to portray. In my family, my mother works seven days a week, barely has time to cook a mea. but she still forbids us to eat out or buy fast food. She knows how unhealthy fast food is for people because she has worked at McDonalds in the past and that could be the result of not wanting us to always eat fast food. It just really all depends on what your parents want you to do. It is the parents job to take the initiative for their kids health. Diabetes accounts for $100 bi llion a year in health care costs today. The center for Public Health Advocacy took data and the center said, 26 percent of school children are overweight. More boys (32 percent) than girls (21 percent) were overweight. The center blamed the increasing consumption of fast food and drinks, larger portion sizes, availability of junk food on campus, advertising junk food, and the lack of consistent physical education programs in schools. The outcome of that was authors recommending the state enforce an existing law requiring an average of at least 20 minutes per day of physical education, nutritional standards for schools, and working water fountains. Out of all 20 recommendations, only one focused on parents. Authors suggest that schools be required to provide parents with fitness test results on their children and information about the importance of daily physical activity for learning and lifelong health. Weintraub states in his conclusion, â€Å"Before we start talking about banning fast food, lets do more to encourage personal responsibility.† I have the same opinion and agree with Weintraub. We arent forced to eat fast food, we just choose to. Parents should teach their kids at an early age that there are alternatives and other ways to prevent obesity. It is the childs parents who is accountable for their choices. More organizations should inform parents that they need to influence better exercise and keep track of their childs eating habits.

Accountability for Reasonableness for Priority Setting

Accountability for Reasonableness for Priority Setting Essay Accountability for Reasonableness, for priority setting and resource allocation. INTRODUCTION Pakistan as a developing country has very limited health care resources when  considering a huge population of over 170 million. We have very few tertiary care  hospitals and they are providing services to the whole country. Majority of people in  our country are poor and they are unable to afford the expenses of private hospitals,  though private hospitals are also very few. Thousands of doctors are unemployed  and still we have shortage of doctors. Majority of BHU (Basic Health Units) are  closed as majority of doctors belong to urban areas and they don’t want to work in  remote village areas. In all these situations, it is very difficult to maintain health  care throughout country. In this essay, I will take into account four conditions of  accountability for reasonableness for priority setting and resource allocation. I will  take into account these four conditions by Norman Daniels and I will consider a  tertiary care hospital scenario where I did my house job in medicine ward last year. There were majority of patients suffering from chronic liver diseases (CLD). I will  further continue this essay in discussion. DISCUSSION Before discussing the four conditions of accountability for reasonableness, I will  briefly discuss the case scenario. In my medicine ward as I earlier said majority of  patients were of chronic liver diseases (CLD) and it includes Hepatitis B, Hepatitis C  and cirrhosis of liver. Cirrhosis is the end result of hepatocellular injury that leads  to both fibrosis and nodular regeneration throughout the liver. The clinical features  result from hepatic cell dysfunction, portosystemic shunting, and portal  hypertension. Cirrhosis may cause no symptoms for long periods. One of the major  complications is uppergastrointestinal tract bleeding which may occur from varices,  portal hypertensive gastropathy, or gastroduodenal ulcer. Hemorrhage may be  massive, resulting in fatal exsanguinations or enencephalopathy. Esophageal varices  are found in 50 % of patients with cirrhosis. There are several treatment and  management options available for esophageal varices includin g acute resuscitation  as initial management, pharmacologic therapy, balloon tube tamponade, portal  decompressive procedures and emergent endoscopy. Endoscopic techniques are also  used for prevention of Rebleeding. 1. Now, I will discuss my case scenario. In our  hospital there is one associate professor who is trained in doing endoscopy and  Wednesday is fixed for performing endoscopies. Emergent endoscopy is performed  after the patient’s hemodynamic status has been appropriately stabilized (usually  within 2-12 hours). Majority of poor patients come to hospital in end stage liver  diseases. I have taken this case series as it is a perfect example of scarce resources. Many patients faced problems as their endoscopies were not performed on time as  there was only one day fixed in a week. Now I will apply the four conditions of  accountability for reasonableness for priority setting and resource allocation. These  four conditions are publicity condition, relevance condition, revisions and appeals  condition and regulative condition. Accountability for reasonableness makes it  possible to educate all stakeholders about the substance of deliberation about fair  decisions under resource constraints. It facilitates social learning about limits. It  connects decision making in healthcare institutions to broader, more fundamental  democratic deliberative processes. 2. In my case scenario I will apply the four  conditions as follows. The first one is publicity condition. It states that decisions  regarding limits to care and their rationales must be publicly accessible to clinicians,  patients, and citizens in a publicly administered system. When the patients suffer  the complication of esophageal varices, they are informed about the limited capacity  of the ward to arrange endoscopy as it is done on only Wednesdays and surgical  ward have their own burden of patients to be done endoscopies, due to this reason  we were unable to send patients to surgical wards and the patients and their  relatives mostly agrees on this setup and if their was any emergency only then we  take help from surgical ward or send the patients to any other hospital, so the first  condition is fulfilled. In above scenario second condition is also fulfilled which isrelevance condition. It states that the reasons for limit-setting decisions will be  reasonable if it appeals to evidence, reason, and principles that are accepted as  relevant by fair-minded people who are disposed to finding mutually justifiable  terms of cooperation. In my case scenario the decision making is according to the  framework. The rationales w ere reasonable as it is evident that we had limited  facility of endoscopy and it was fairly accepted by patients and their relatives and  also by doctors and other hospital staff. In our setup priority was given to those  patients who needed emergency endoscopy rather than those who requires  endoscopy for diagnostic procedures. The third condition is revisions and appeals  condition. This condition is a very common problem in government hospitals and in  our scenario we request consultants from surgical ward to do emergency endoscopy  if we think patient is serious and he or she may die if the endoscopy is not  performed on time or in other case the other hospital is very far so that it will be late  if we send the patient to other setup and here comes the function of oncall  consultants also, the oncall consultants plays huge role in these emergency  situations. This third condition is a mechanism for challenge and dispute resolution regarding limit setting decisions, including the opportunity for revising decisions in  light of further evidence or arguments. 3. Thus we fulfill the third condition also by  revising our decisions as I explained above. The fourth and last condition is  regulative condition or enforcement. There is either voluntary or public regulation  of the process to ensure that conditions 1-3 are met. This condition is also fulfilled in  our setup as we communicate with the patient and their relatives about our limited  resources. We are able to convince patients in our case scenario. The hospital  leadership is constantly making efforts to meet the conditions of ‘accountability for  reasonableness’. 4. CONCLUSION In this essay I have discussed all four conditions of accountability for  reasonableness, for priority setting and resource allocation. ‘Accountability for  reasonableness’ is a framework that can be used to guide legitimate and fair priority  setting in health care organizations, such as hospitals. In our beloved country  Pakistan we have few government civil hospitals bearing the burden of millions of  population. We try our best to server the humanity. Iam not claiming this system a  perfect one, it needs a lot of improvement and the example is my case scenario in  which we have very limited resources. Government should establish civil hospitals in  small cities also and should increase their budget; they should recruit more doctors  and nurses as we have shortage. They should train doctors with latest equipments  and provide hospitals appropriate medicines. In addition to this all the hospitals  should be provided with computers and also be made online so that a data system  can be established and it can help the patients and also hospitals for future  reference. I will conclude by saying that in such scarce resources, government sector  hospitals are doing excellent job. REFERENCES Current Medical Diagnosis and Treatment 2004. 43rd edition. Norman Daniels. (2000). Accountability for reasonableness. BMJ; 321; 1300-  1301. D K Martin, P A Singer and M Bernstein. (2003). Access to intensive care  unit beds for neurosurgery patients: a qualitative case study. J. Neurol.  Neurosurg. Psychiatry; 74; 1299-1303. Jennifer AH Bell, Sylvia Hyland, Tania DePellegrin, Ross EG Upshur, Mark  Bernstein and Douglas K Martin. (2004). SARS and hospital priority setting:  a qualitative case study and evaluation. BMC Health Services Research, 4:36