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1.
Opportunity Recognition: The opportunity recognition theory is
based on the alert of companies and organizations that will recognize and
exploit existing market According to this theory. The entrepreneurship goal is
to discover new opportunities in the market about the values and new value,
then recent in the market no opportunity creation theory is younger to the
interpreting your means. The market applications do not exist in the
entrepreneur in your actions. There are no risks that could be countable, but
there is some level of uncertainty regarding to the words that could be occur
after the implementation of new opportunities and validation of the product.
There are several important opportunities, such as modern consumer in the
specific industry that could not have been discovered as it emerged from the new
attributes of transactions
2.
Decision Making: There are two opposing modes of
intervention of decision making in context of gaining opportunity and the
affection of opportunities. The main objective is to explore how entrepreneurship
makes decision to create and create and regain the value. An entrepreneurial decision
making is adopted according to the method that would emphasize on the principle
of it parameters and previous losses or profit that could be interpreted future
outcomes of the organization.
3.
Affection and Appropriation: In contrast, there are
different reasons that rely on the predicting of the future and predetermined
commercialization goals. It has argued that affection and appropriation of
perspective of dealing with the decision making of entrepreneurship all
perceive and process information to gain the net result from the continent is
to create the opportunities and values in condition of uncertainty. There are
different circumstances that work under, such as the decision in caused visit
to that affect the value and environment of the business. Entrepreneurship has
different cognitive preferences that could be used in a mental framework of the
company that could influence the decision making in the board.
4.
Effectuation: There are two main elements of decision
making mode, such as effectuation and causation. Saravasthy 2001 has argued
that There are different individuals employed effectuation process when
pursuing the entrepreneurship methods to gain the opportunities using the
resources that are disposed of in the organization and intervene yours utilized
affect your logic behind the reason that could be used in the means and focuses
to gain the profit and affordable loss, strategic alliances and contingencies
that could control the unpredictable future. Objective of interpreting your is
not so clear that it could be assumed in the beginning of the. Organization and
opportunity creating process remain flexible throughout the financial year.
5.
Causation: Causation is defined as a goal driven and
deliberate model of decision making in the business organization. Causation
mode is an individual that could make choices based on the pre-existing
knowledge as well as all possible information that could be gained to store
different steps of investigation Contact, research, or on specific public to
identify and analyze the alternative approaches that could be arranged in the
interval
Question
2
2.1
In business market there
is always a confusion to know about the ideas and the innovation that are
utilized in the business and every businessman want to learn how to protect the
new ideas that are generated by their company. There are five different and
essential tools that could use to protect the ideas such as patents,
trademarks, copyrights, trade address, and unfair competition laws and trade
secret.
2.2
1.
Patents: A patent is a right that is granted by United States
of America to register the new ideas that are formed by the business of
Nations. These are position form the ideas to make cell or inventions in to
make inventions in the product that are generated for more income. The idea is
registered on the patent and if there anyone steals the ideas they could be penalize
action against the party who stole it. About explanation of the patron to
qualify for the write, a person must file an application describing about the
new invention in the Patent and Trademark office. After the determination of
all information, the officers give right to use the ideas according to the
patent rights. There are some basic requirements to preserve the patent rights.
The District Attorney That Should not release on the information of anybody
publicly to disclose the information about it
2.
Trademark: A trademark is the word or symbol that is
used to recognize the product or service in the competitive market. Trademark
patents could be used to creatively arrange the program in the business world.
There are different companies who are working with the trademark formula such
as Coca Cola and other designs of McDonald’s. The trademark also covers the
right of color design and such as logos that are used to identify the Brand of
the product. The catchy phrases that are used to enhance the value of the brand
are also included in the trademarks that could not be copied. Do you stop the
right of trademark? There must be a complete procedure to follow, such as the
emergency file of application for registration mark in the US Patent and
Trademark office. After the registration, the company called secure its
trademark logo and others right, such as color design etc.
3.
Copyrights: A Copyright seems to prevent the copying
of anything that are right or phrase by the any company in the market. There
are different programs of ownership that work. Automatically in the movement of
the world and reduce the tangible form of the assets of the company. Hello goes
notice and other symbols are very first registered on the copyrights and then
give it to public so that if there is anyone who are using it could be claimed
for Copyright. Furthermore, the covering of different tax and books are secured
by Copyright laws. So that no one could publish the advertisement of anyone for
their benefits
4.
Trade Secret: One of the other legal issues that a
business may face is a trade secret. A business may have a variety of trade
secrets such as strategies, formulas, devices, systems, proprietary procedures,
process, as well as, any other kind of information which is exclusive and
confidential in nature. These kinds of trade secrets are a key success formula
for business organizations to get a competitive advantage in the market. If a
company has any trade secret, then, first of all, they should realize about
their trade secrets, then they should take adequate measures to protect their
trade secrets, and some kind of non-disclosure documents should be prepared and
signed form the concerned one, so that secret is remained protected, and if it
is leaked, then legal action can be taken as per the signed document or
agreement
5.
Discrimination and Harassment: A company can face
serious kind of legal issues if it is involved in any kind of harassment and discrimination.
It is often observed that companies do fire employees or don’t consider them
for the job on the basis of race, religion, or gender, which means they acted
on the idea of discrimination. The human resource department and people working
in it should have a clear idea about these legal perspectives so that they
don’t discriminate against anyone; otherwise, the consequences can be severe in
legal terms. Any kind of racist or sexual harassment is also not acceptable in
the eyes of law. It has been observed in so many cases that cases of harassment
and discrimination come up with a lot of media attention, which is a huge dent
to the reputation of a company. So, it should be made sure that these issues
don’t arise in any given circumstances
Question
3
3.1
The improvement and
innovation in the business is a positive step towards the business development.
There are different sources that could be used in the improving and enhancing
the capability of the business in the market, such as to increase or expand the
product line order business productivity in the market. For this purpose, a
company must require source of fund that are utilized are import input in the
company to gain the output. The development of new products can be severally
entered in the cost and the capital code required enhancing the productivity.
Such developments are financed by internally or externally by the company by
getting loans and other Sources of funding. There are different sources that a
company could use to raise new opportunities.
3.2
1.
Capital Market: In the market, the first one is capital
market; it could be increased with the expansion in new shares such as. New
rights issue and stock market issuing, for example, a company could acquire
stock market list. Being for the first time with the registration of their
shares this also find includes loan stock retained earnings
2.
Venture Capital: Source of business expansion scheme,
Venture capital franchising, ordinary equity is the owner’s equity of the
company and the first step toward the capital of the first include in the
capital over bear by owner. Ordinary shares that are issued by owners are
further divided into different forms, such as by paying for a new issue of
shares is through retained profits. If the company wants to increase cash, they
mostly likely to issue of ordinary shares for cash. The application would be
received against the cash that are shared by the company to the shareholders.
If some people want to increase reserves of the company and reduce Profit of
the company then the issue for bonus here against the dividend to be paid to
the owners of the company.
3.
Shareholders: Right issues provide a way to raise new capital
by means of different sources of shareholders, such as describing cash for the
new shares in the proportion of the holding news companies here. Open for me
making out like if you must the price to. Except the low enough margins by the
shareholders and extra funds that are not too low, so it could be avoided that
earning per share. Preference shares have fixed percentage that is divided
between the shareholders with the ordinary shares and preference dividend. It
could be paid to sufficient distributed profits that could be distributed among
the shareholders. When complete, want to raise the funds for the expansion and
improvement of the business, there must be increase in others kind of shares
and drives other than the preference shares. Launch talk is a long-term that
capital lattices to buy the company to increase the capital of La Company and
against a tree company, has to pay interest. The interest is fixed with the
period of time, such as bi annual or annually that is paid to the debenture
holders. They deal with their creditors of the country and the benches are the
form of long stock that is legally adopted by the companies to pay the interest
against the loan.
4.
Crowdfunding: The companies can also look to get
finances with the help of Crowdfunding. There are so many Crowdfunding
platforms available on the internet, and if someone has a new idea of business
providing a better solution to the public, then they can run a campaign on
those Crowdfunding platforms. It will not only spread the word to get idea
famous, and people will also start financing for it. The best part of this
funding method is that it is a kind of a grant, not a loan, so the owner of the
campaign does not have to pay back anything to anyone. This idea has proved a
wonderful financing opportunity for women entrepreneurs as 32% more chances for
them to get their business idea financed through these platforms
5.
Personal Funds: It is a basic type of financing for your
business. Many people do have a business idea, and they only take an
initiative, when they do have some amount of personal funds. They want to rely
on others in terms of starting their business; especially they want to be in
debt after taking loans. So, such people like to invest money, which they have
in their possession. It said to be one of the best options because it gives so
much freedom and peace of mind to the business owner. There have been cases,
where business ideas got failed; people were bankrupted in the end. But there
is no such risk if personal funds are used as a source of financing
Question
4
4.1
The business cycle is
based on the different kind of opportunities that could emerge in the market to
gain the economic development in the country. Almost every business or
marketing have some cleared goals that are behind the business that privilege
in the market. Opening you opportunity that does not exist in the past few
years are could be help with two games of capital and business schools in the
World Trade
4.2
1.
Expansion: There must be international market tab to
introduce the new opportunity in the market. It would be a boost to the market
to introduce new opportunities that could expand the economy of the country.
You have to plan and prepare for the introduction of the new market. Our new
product in the market could handle International level of need.
2.
Innovation: There must be complete surety to use the
technical and innovative improvements in the business that could survive the
new startup of the business in the market. There must be creative credits that
could be used to gain the struggle in their new startup and remove the big
hurdle in the market. There must be complete learning about the cash flows and
the face that could generate that.
3.
Creative Ideas: Advantages of newly start business in the
financing business owners will get out atmosphere that it is creative and
financing in love benefits for the supplier and customer. So, creative ideas
are going to be a key in this regard. Newly start business must be recognized
and approved by the peoples who are working with the business and dealing with
the product of the business. For this purpose there must be familiarity to the
consumer with the product, such as the required some kind of channels that
introduced the new product in the market, such as social media, Twitter
Facebook and other video of marketing. Now it does not just only adopted once these
ideas must be improved and innovate with the passage of time to increase the
productivity and improvement in the production. All this except all these aspects
could be used for the improvement of the newly start business in the market and
had to take startup in the competitive market
4.
Latest Technology: It is necessary for the organizations to understand
that technology is improving day by day so they need to adopt these latest
technologies to move forward in the right direction. They should use the
essence of artificial intelligence and other business analytics technologies to
get a competitive advantage.
5.
Adopting Sustainability: The consumers’ expectations and
behavior have come up with a major shift and changes in the last decade or so. So,
people are choosing quality instead of quantity, and they are showing more
likeliness for companies being socially sustainable and responsible. So, it is
a major trend to invest in the efforts of corporate social responsibility to
become more sustainable
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