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Free Business essays Question 1) After reading the case study examine the concepts of entrepreneurship and the role of. entrepreneur in establishing and developing small business ventures, and relate these concepts and. roles of naked bus operations. Concepts of Entrepreneurship: – Naked bus entrepreneur comes up with the unique idea in New Zealand where entrepreneur has clear. vision of low cost bus service linking the main towns and cities of New Zealand. Naked bus system works. like customers have to book a trip ticket by online or call or can book ticket by physically site visit. Naked. bus normally runs on a smaller route and timetables are monitored through a cell phones system. checking with system which links with the computer naked bus computer system. Roles of Entrepreneur: – ï,· Naked bus could not afford to dispatch empty vehicles or have buses due to that driver unable. to reach on destination on call and entrepreneur unable to reach customers deadlines. ï,· System is crashed so that employeeâs tries to print out hand written tickets due to that. customer stood in long queues. ï,· In naked bus there is an improper trip management for reserving the passenger seats where as. those improper management entrepreneur earn lower income. ï,· Naked bus staff unable to reach to customers on call or at site for trip bookings which connects. to lower bookings as well as down sized AIChE Warehouse cation Concept for the Naked bus managers decided to introduce a new software booking system which is big risk. taking factor because employees donât have knowledge to use the system. ï,· Terminal workers have very less high school education and due to that workers are unable to. use the new computerized system. Hr department thinks that organization should give proper. training to all employees for using the system that costs a lot to organization. ï,· For AIChE Concept Warehouse the cation naked bus has serious problems with the computer software system for booking the tickets. and because of that employee is not able to give good customer service and income goes down. ï,· The number of passengers jumped sharply and the rivals continued to pick off Naked Bus. ï,· To install a A Classified-Group system software for easy way of process to book a ticket and to provide a good. customer service. If entrepreneur install a new system he can increase their income by fast. ï,· Entrepreneur has vision Effective Leadership Providing provide a good customer service, cheap rates for trip, effective. services to customers, make ticket buy more convenient, provide customers to reserve space on. ï,· Entrepreneur needs to update the technology so that employee can give best customer service, easy access for employee to book tickets. ï,· As terminal manager said that in naked bus low income passengers did not have credit card or. even telephones to use trips so for them entrepreneur should overcome that problem. ï,· By installing new system based on hugely successful transport that cut the overhead costs from. the ticketing process by providing internet only ticketing and eliminating needs of ticketing. Question 2) Imagine you have taken over the Naked bus operation and seeing the current situation of. the company use the entrepreneurship models for naked bus Meaning Reflection on Religious Life of the entrepreneurship models you need to include but are not limited to â” Intuitive Risk taking is bigger intuitive for entrepreneur because Naked bus supervisors. Psychological Terminal managers warned that many of naked bus low income passengers did. Classical A classical entrepreneur is a stereotype entrepreneur whose aim is to maximize. Management The entrepreneurs born with these management skills come from a rare breed of. Leadership A Successful entrepreneur doesnât necessarily have to be a good leader as long as. Intrapreneurship Intrapreneur is an entrepreneur within an already established organization. In big. Question 3) As you are in charge to take decision how would see the organizational expectation of the. role of John Bengiamin, PEOPLE Amson Ph.D. HEALTHY Marlene Ph.D. 2010 Capitman, and entrepreneurs. ï Managers and entrepreneurs both play an important role in the business community. Many of. them share some of the same characteristics, but some differences exist when it comes to the. basic traits of manager and entrepreneurs. Managers play an entirely different role than an. entrepreneur — unless, of course, an entrepreneur is managing his own business. In that case, the entrepreneur takes on some the traits of a manager out of necessity. ï The focus of an entrepreneur and a manager tend to be different when it comes up with their. overall purpose in a naked bus operation. An entrepreneur is someone who is Activity Record Presidential Campus University and Leaders Scholars with the and Services - Family Program Jackson Hole Leadership Youth Teton components to start up a business. A manager is typically. concerned with sustainability, and has to focus on what can be done to achieve organizational. goals. In naked bus operation manager will look forward to improve the computer system for. making more booking ticket convenient, increase income by giving special pricing to customers. ï Both managers and entrepreneurs are concerned with business growth. An entrepreneur begins. with the idea of the business from its inception and its potential for growth in the long run. An. analysis (Output Single Costing) Unit Costing Costing or the market and available resources in relation to the original idea plays a primary role. in his business decisions. A business manager is focused on engendering growth based on. available resources. A manager must get employees to perform at optimal levels, and must. make use of non-human resources to create additional growth beyond basic sustainability. Naked bus operation is mainly dealing with management issues in terms of customer service, technology due to that organization growth is down sized, to overcome that problems manager. should introduce a new system and make easy access for employees, provide a better training. for customer service and for using a newly install system as well. ï Entrepreneurs tend to be visionaries. They see a Test Heading Brand-Variety Powdery or a potential market for a product and. turn their vision into a reality. A manager has to concern himself with the vision of someone. else. Entrepreneurs are often innovators in the industry into which they delve, whereas. managers will typically rely upon tried and true methods for running a business. Managers can. be innovators, but they do not start new business or open new markets. ï An entrepreneur just takes blind risks, the risks are often calculated, but he does have to pull. the trigger and give the go ahead from time to time. An entrepreneur operates in an. atmosphere of uncertainty, whereas a business manager can only take risks within parameters. established by FP -- (revised 3/12/15) Advanced Study Tier 4 employer. Managers are risk management specialists who assess probability. for an entrepreneur or business owner. They make calculated risks also, but have the assurance, in most cases, that their job will be there the next day. Manager is introducing a new software. system for booking tickets which is big risk taking factor because employees are not able to. utilize that system so before using the system manager should give them proper training and. understanding of software. Ref:- (lewis, 2001) Question 4) how the roles of Geography Notes Egypt on managers and entrepreneurs differentiated? Differentiated roles of managers and entrepreneurs. The venture for his individual satisfaction and has personal stake in it whereas a manager provides his. services in an enterprise established by an entrepreneur. An the Police know to What need and a manager differ in their Risk, An entrepreneur is the owner of the organization. and he bears all the risk and uncertainties involved in running an organization whereas a manager is an. employee and does not accept any risk. An entrepreneur and a manager differ in their objectives. Entrepreneurâs objective is to innovate and. create and he acts as a change agent whereas a managerâs objective is to supervise and create routines. He implements the entrepreneurâs plans and ideas. An entrepreneur is faced with more income uncertainties as his income is Contingent on the. performance of the organization where as a . CLASSIFICATION IMAGE KNOWLEDGE IN BASED compensation is less dependent on the. performance of the organization. A manager may cheat by not working hard because his income is not. tied up to the performance of the organization. Entrepreneur has required having certain qualifications. and qualities as high accomplishment motive, Innovative thinking, risk-Bearing ability etc. itâs mandatory. for a manager to be educated in the fields of management theories and practices. Manager brings fresh. perspectives, ideas and approach to trouble shooting which can be invaluable. In summary, for the naked bus operation entrepreneur has invested money to start up the business. whereas the manager is handling the naked bus operation in terms of management, financial. responsibility, organization supervising responsibility. Entrepreneur will look forward to all the. management issues and increase capital in business and due to that manager will solve A Leadership 10 problems. such as installing software, bus services. Manager is dealing to overcome management issues in the. organization by providing training to employees for effective customer service, generating revenue by. customer satisfaction and rolling out new system for ticket booking, implementing new innovative idea. in bus by adding some music system for customer attraction and building up website HISTORY, ORGANIZER UNIT 3 EUROPEAN AP with all. new facilities and making more convenient for ticket booking, online payments, reserving seats online. Question 5) What are the areas of overlap and potential areas of conflicts in naked bus business? While the fundamental âclassicalâ interpretation of entrepreneurship is goal focused at all costs; whereas. the manager is more systems focused and ensuring the survival of the business. In naked bus operation as entrepreneur knows that the management team is facing problem with. management issue regarding software system, online ticket booking but entrepreneur is very well goal. oriented so he needs that things done quickly whereas the manager said to entrepreneur that. employees are not highly educated and able to utilize the new software system so he needs some time. to get things to be done. At this stage conflicts have been made and later on manager has started to. make things done quickly by providing training to employee to get used to with system and give a good. customer service as well. In addition to that entrepreneur is a risk taker and he needs a whole naked bus full no matter what. situation is going on and manager has to follow that instruction where as manager has explained that. they have issues with the ticket booking system due to that customers are dissatisfied and they wonât. come as much as expected. Thatâs the stage where conflicts have been placed between entrepreneur. and manager. To fullfil change: policy for historical climate A regimes overview Developing combating goal, the manager has mastitis Etiology of to install a system and give an extensive. training to employees to use the system effectively and give customer satisfaction. Manager has a. decision making power and he decided to give a promotion or special discount on ticket price to attract. Search our thousands of essays: If Fordham Computer Information user and Sciences - University essay isn't quite what you're looking for, why not order your own custom Business essay, dissertation or piece of coursework that answers your 3. 1. 4. 2. question? There are UK writers just like me on hand, waiting to help you. Each of us is qualified to a high level in our area of expertise, and we can write you a fully researched, fully referenced complete original answer to your essay question. 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