Entrepreneurship Is A Field Of Business - 1050 Words

Over the years, entrepreneurship is a field of business that has been growing rapidly. Although the concept of entrepreneurship is highly debated on what it is exactly, in a simple way it is acting on one’s knowledge and thoughts and developing those into innovations, which in the end will improve the world and in return hopefully allow the entrepreneur to receive a gain in either a monetary or non monetary sense. Within entrepreneurship, there are many different fields to this broad business platform. Since I am a collegiate basketball player and have been surrounded by sports my entire life, I have decided to focus on entrepreneurship within the sports industry. Again, this is growing rapidly along with entrepreneurship, however, if one would research this specific field of entrepreneurship, they would find that it is a young practice. In this paper, I will be focusing on the owners in the NBA specifically comparing and contrasting the newer owners verses the older owners. P rimarily most of the newer owners are younger guys who made most of their money in uncertain business deals that led to large profits. Thus, they are successful entrepreneurs who took their skills and prior knowledge and applied that to the NBA. On the other hand, older NBA owners provide an old school business approach, which is usually based off instincts and knowledge of the game. Therefore, the issue I will be discussing will regard owning a NBA team, which I will go in depth to talk about why theShow MoreRelatedThe International Business Field And The Entrepreneurship Field940 Words   |  4 Pagesthe effectiveness of new business venturing as well as small and medium size businesses. There are studies that think of international entrepreneurship as more of a common marvel than young ventures entering international markets and slight interest is dedicated to the entrepreneurial behavior of organizations once they first enter into international markets. There is an inequality among the international business field and the entrepreneurship field, because of findingsRead MoreBusiness Structure Of The Field On Entrepreneurship1613 Words   |  7 Pages Business Structure When going into the field on entrepreneurship it is important to decide which form of business to use. Determining what form of business you’re going to operate under is important because it will correlate to what tax return form you’ll have to file. There are five types of different forms that said entrepreneur can choose to operate under which are: sole proprietorship, partnerships, corporations, S corporations, and a limited liability company (LLC). A sole proprietorship isRead MoreThe Promise of Entrepreneurship as a Field of Research638 Words   |  3 PagesPROMISE OF ENTREPRENEURSHIP AS A FIELD OF RESEARCH 1.0 Introduction To date, the phenomenon of entrepreneurship has lacked a conceptual framework. A research has been conducted in the difference social science disciplines and applied fields of business to create a conceptual framework for entrepreneurship. 2.0 Definition of Entrepreneurship Entrepreneurship is defined solely by the researchers in terms of who the entrepreneur is and what he or she does. The study of entrepreneurship must involveRead MoreThe Human Society in the Present Times and Wealth1199 Words   |  5 Pagestopic in business research, many studies are done in the field of entrepreneurship with substantial liking and support. Alongside the vast topic of entrepreneurship, one of the most regarded is the aspect of social entrepreneurship and the advances of this discipline. The discourse community in this industry is geared to see trends and analyze information from existing business systems. They create theoretical findings and deduce information that would be helpful in creating effective business structuresRead MoreResource Based View of Social Entrepreneurship: Puting the Pieces Together813 Words   |  3 Pages INTRODUCTION The emerging field of social entrepreneurship calls for a need for new integrated theories to contribute to the discipline and help grow the field. Social Entrepreneurship has been a topic of academic interest for the past few decades; however there has been little scholarly output in mainstream journals (Short, Moss, Lumpkin 2009). Social entrepreneurship is commonly defined as â€Å"entrepreneurial activity with an embedded social purpose†Read MoreThe Meaning of Technology Entrepreneurship1024 Words   |  4 PagesTechnology Entrepreneurship; Technological Entrepreneurship is the art or process of innovating and imminence assets and products for major return of profit in business. New and unique combinations of innovation are the result of Technological Entrepreneurship. The medium that alleviates wealth in firms, individuals, nations and regions, the research of technology entrepreneurship plays a significant role beyond the satisfaction of intellectual interest. Certai nly, Technological Entrepreneurship effectRead MoreEntrepreneurship : The Entrepreneurial Function1623 Words   |  7 Pageshave differing ideas on the relative value of resources or when resources are turned from inputs into outputs. The theory of the entrepreneur focuses on the heterogeneity of beliefs about the value of resources (Alvarez and Busenitz, 2001: 756). Entrepreneurship – the entrepreneurial function, can be conceptualized as the discovery of opportunities and the subsequent creation of new economic activity, as a majority or active shareholder who, in many small and medium–sized firms, assumes both the entrepreneurialRead MoreThe Current State Of Entrepreneurship1693 Words   |  7 Pageslandscape, as it has transformed the country s economic state entirely. The purpose of this report is to investigate the current state of entrepreneurship in Canada in comparison to other G20 countries, and make recommendations for government and policy makers. It will provide a brief overview of the history of entrepreneurship, analyze the current state of entrepreneurship in Canada, outline a global comparison with two distinctive economies, and conclude with recommendations for improving the CanadianRead MoreIs It Worth The Time And Money?1162 Words   |  5 Pagesbusinesses were created in Canada each year. Entrepreneurship, a new field of study and increasingly growing more and more popular, individuals are starting to look into becoming entrepreneurs. This essay will be addressing three main topics; ‘Is it worth the time and money to major in Entrepreneurship?’, ‘Do you need to be born and entrepreneur?’ As well as, ‘Are entrepreneurs and small business owners the same thing?’ Since entrepreneurship is a new field of study and growing, the question on manyRead MoreThe Teachability Dilemma of Entrepreneurship1296 Words   |  6 Pagesrisk for the sake of a business, but also they provide our economy with employment opportunities and culture. A society can only be prosperous only when it rewards and encourages entrepreneurial activity because in fact, it is the entrepreneurs and their activities that are the critical factor for success, prosperity, growth and opportunity in any given economy. Entrepreneurship is not easy and it comes with its own risks and up and downs. On the last decade, entrepreneurship has rose and expanded