The Beginning of Development and Success - 1822 Words

The beginning of development and success An entrepreneur is known as an inventor who taking the risk in the business. It performs in the role of innovation as the key of development and success which associates with society, currency, creativity and sustainability. Entrepreneurs also involve in economic development, interacting with suppliers and customers to create a market and variation of the product. The entrepreneurship, innovation and economic development are performing together in the relationship. First, entrepreneurship is action of people who want to start or make new business happened. These people are trying to make a profit out of the new product at their own risk. They are called Entrepreneur (Robert, Michael, Dean, 2008). Cantillon (1775) also described the entrepreneur as one â€Å"who assumes the risk of buying goods, or parts of goods, at one price and attempts to sell them for profit, either in their original states or as new products.† The idea of new product is either improvement of combining goods or the non-existing concept idea. Entrepreneur mostly begins base on the concept idea and possible solution that does not physically exist. Along with the concept idea, there are always uncertainties until it has become success as innovation (Drucker, 1986). The role of innovation plays along with the entrepreneurship. Both of them are relied on one other in order to become well success. When the entrepreneurship stands alone, it is nothing more than just aShow MoreRelatedEssay on Establishing a Therapeutic Alliance1107 Words   |  5 Pages Research has shown that a strong therapeutic alliance is necessary for establishing a beneficial contact between the therapist and the client. 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A few of these steps include organization, advertisingRead MoreCompare and Contrast the D ifferent Ways in Which Economic Development Affected Politics in Massachusetts and Virginia in the Period from 1607 to 1750.677 Words   |  3 Pageswhich economic development affected politics in Massachusetts and Virginia in the period from 1607 to 1750. From all of the colonies that resulted from European expansion and conquest, perhaps the two most famous would be those of Virginia and Massachusetts. The economic development of Massachusetts and Virginia started in the same period of time but had many differences between them. Each was established by the similar groups of people but they had different beginnings, also a differentRead MoreThe Best Laid Plan By Terry Fallis1351 Words   |  6 PagesAchieving success in your life with many obstacles to overcome, is a way which one can only describe as a sense of gratification and enlightenment. 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As a one of Freud’s students, Erik Erikson was not convinced by Freud’s psychosexual stage of development, which lead to the development of his theory of psychosocial stages of development (Arnett, 2015). Within Erikson’s theory there are eight different stages with different life crisis to be resolved. Not resolving the conflicts would lead to an unhealthy personality, which causes