Not for Profit and For Profit Companies Under the same Leadership (why Essay

Not for Profit and For Profit Companies Under the same Leadership (why it can happen) - Essay Example The authors’ results indicate that the risk propensity of entrepreneurs/not-for-profits companies are greater than that of managers. However, both are successful. Moreover, there are larger differences between entrepreneurs/not-for-profits companies whose primary goal is venture growth versus those whose focus is on producing family income. Results also underscore the importance of precise construct definitions and rigorous measurement. The research question of the journal was clearly defined. MacMillan, Siegal, and Narshimha (1994) examined the methods that venture capitalist use to assess the senior managers of new ventures prior to making an investment decision. The lack of theory and empirical research in this area has led scholars to call for studies which examine the process of management team assessment in venture capital due diligence, as cited by Siegel, Siegel and MacMillan, 1993. This research article assessed that more research is needed on this subject matter, how ever the research question of the journal article was clearly defined: there is a correlation between entrepreneurship behaviors and success. . ... The articles offer insight into the complex balancing act that thriving entrepreneurism must execute to generate support form distinct stakeholder markets. The value this research provides is insight on thriving entrepreneurs/not-for-profits companies and financial success. The correlation between successful entrepreneurs/not-for- profits companies depicts the behavior pattern of the individuals’ capacity to build relationships with private investors, foundations, venture capitalist or Angels instead of with the stakeholder’s monies. In turn, the literature suggests that a thriving entrepreneur’s financial success is in how they treat the people who fund their cause. This reflects a dominant logic of causation; taking a particular effect as giving and focusing on selection between means to cause this effect (Sarasvathy, 2001). The network theory, which is a social network approach, views organizations in society as a system of objects joined by a variety of relat ions. The goal of this empirical research analysis is to show that the behavior trait of being a builder of relationships is the cause of a thriving entrepreneur’s financial success. This example is seen through the transition towards defining strategy as a perspective rather than a position, meaning that strategy is seen in wide terms, as the â€Å"theory of the business† (Drucker, 1994). However, the element of entrepreneurial leadership is not clearly present in the empirical evidence. Entrepreneurial leadership is defined by Coven and Slevin (1991) as consisting of the following: the nourishment of an entrepreneurial capability, protection of innovations that threaten

Discuss the extent to which you feel modern tourism brings either more Essay

Discuss the extent to which you feel modern tourism brings either more advantages or disadvantages to popular tourist areas - Essay Example Either ways so tourism has become very important for nations, specially those blessed with the natural beauty,a vast culture,heritage and history .Nations amongst these include most of Europe,Malaysia,Maldives,India and America.These countries have changed the way tourism was thought about like.To facilitate the customers of tourism,these nations did not only create hotels and motels but also satisfied tourists with the creation of a whole new dynamic infrastructure just to accommodate tourists near to the site.Online packages of all kinds including flight bookings,accommodation and transitions making it easier for a person to arrange for these things after the arrival.Other than this hotels also offer the service of airport pick and drop.People have made touring a part of their life.Tourism has been developed very well and hugely invested apoun as it was seen as the potential export.Every penny a household saves, one third of it is spent on travelling as it has not only been markete d well but become like a luxury and a way to ease out from the daily life activities. Popular tourist destinations around the world like Switzerland,America,Paris and turkey are all places that provide a unique selling point in terms of tourism.These place are either naturally blessed or part of some historical civilization or even artificially(manmade) designed very well.May it be the famous Eiffel tower of Paris, the statue of liberty in America or the canals and churches of Venice, these places attract tourists.For the tourist area the biggest advantage is the economic factor ofcourse as tourism creates employment for a huge population living in that country(Singh,2010). If tourists do not come to the destination, those persons directly involved in tourism for example, the straw vendors, the taxi drivers, retail storeowners etc., could be unable to pay their bills. If they are unable to make money they could