Factors affecting women entrepreneurs success - 1224 Words

1-1 Introduction to Operations Management Operations Management William J. Stevenson 1-2 Introduction to Operations Management Operations Management Figure 1.1 The management of systems or processes that create goods and/or provide services Organization Finance Operations Marketing 1-3 Introduction to Operations Management What Do Operations Managers Do? †¢ What is ‘Operations’? †¢ †¢ a function or system that transforms inputs into outputs of greater value What is a Transformation Process? a series of activities along a value chain extending from supplier to customer †¢ activities that do not add value are superfluous and should be eliminated †¢ †¢ What is Operations†¦show more content†¦neration Storage/Transportation Warehousing, trucking, mail service, moving, taxis, buses, hotels, airlines Exchange Retailing, wholesaling, banking, renting, leasing, library, loans Entertainment Films, radio and television, concerts, recording Communication Newspapers, radio and television newscasts, telephone, satellites 1-16 Introduction to Operations Management Transformation Process †¢ Physical: as in manufacturing operations †¢ Locational: as in transportation operations †¢ Exchange: as in retail operations †¢ Physiological: as in health care †¢ Psychological: as in entertainment †¢ Informational: as in communication 1-17 Introduction to Operations Management Responsibilities of Operations Management Table 1.6 Planning – – – – – – – Capacity Location Products services Make or buy Layout Projects Scheduling Controlling/Improving – – – – Inventory Quality Costs Productivity Organizing – Degree of centralization – Process selection Staffing – Hiring/laying off – Use of Overtime Directing – Incentive plans – Issuance of work orders – Job assignments 1-18 Introduction to Operations Management Key Decisions of Operations Managers †¢ What What resources/what amounts †¢ When Needed/scheduled/ordered †¢ Where Work to be done †¢ How Designed †¢ Who To do the work 1-19 Introduction to Operations Management Decision Making System Design – – – –Show MoreRelatedGlobal Entrepreneurship Monitor ( Gem )860 Words   |  4 PagesThe business environment, which the entrepreneur operates in, has varying impact on business performance (Ahmad et al 2010). Social norms are known to be one of the most significant factors within the business environment (Hong and Kacperczyk 2009). Owing to the fact that social norms differ across nations and cities, the level of entrepreneurial competencies influenced by culture can be assumed to be different. Therefore, a country comparison between the two countries, UK and Singapore, will beRead MoreSelf Efficacy Among Students From A University Or School1608 Words   |  7 PagesAbstract Self-efficacy is the ability to encourage your-self to get things accomplished. Self-efficacy are affecting by four factors as mastery experiences, modeling, persuasion and physiological factors. The purpose behind this paper has been to gain an understanding of how self-efficacy relates to entrepreneurial performance and the concept self-efficacy, with the aim of establishing how this personal characteristic can be measured and used to forecast entrepreneurial achievement. The aim of thisRead MoreTechnology1399 Words   |  6 Pageswhich indicated that they were interested in the study (Zahra, 1996). By testing, all hypotheses are supported. The author confirms that the development of modern technology plays an important role in the rise of enterprises. It not only provides entrepreneurs with opportunities for entrepreneurship, but also becomes the central force of the development of emerging enterprises (Zahra, 1996). The author begins with 10 hypotheses and is supported in the end, which makes the reader more convinced of theRead MoreEconomic And Social Development Efforts Has Benefited Women As Much As They Have Benefited Men Essay2552 Words   |  11 Pagesbenefited women as much as they have benefited men. This has led to the rise of income-generating activities (IGAs) for women in both developed and developing countries. This due to the basic needs approach (BNA) within the dominant concept of women in development (WID) that emerged in the early 1970s. The BNA targeted low-income women for IGAs. It is pertinent to note here that the publication of Ester Boserup’s book Women’s Role in Economic Development in 1970 triggered off the WID movement. Women inRead MoreRole of Women Entrepreneur3988 Words   |  16 PagesINDIAN WOMEN ENTREPENEUR IN NEW MILLENEIUM (CASE STUDY- LUDHIANA METRO CITY OF PUNJAB) Jagdeep Singh Poonam Arora Lecturer, B.G.I.E.T B.G.I.M.T., Sangrur INTRODUCTION: - â€Å"Women† as Entrepreneurs in India: â€Å"You can tell the condition of a nation by looking at the status of its women† - Jawaharlal Nehru. Till the turn of the century, man has enjoyed a dominant position. But as technology speeds up lives in the new millennium, Women Entrepreneurs has comeRead MoreIssues and Challenges for Women Entrepreneurs in India3420 Words   |  14 PagesCHALLENGES FOR WOMEN ENTREPRENEURS IN INDIA S. BALASUBRAMANYAM* Abstract More than ever before, Change is the only constant in life, especially so in industry, and as a consequence, tremendous opportunities are opening up for women entrepreneurs. It is true that the presence of women entrepreneurs is very low in India, but you can look at it as another great opportunity riding on this all-pervasive change – and not as an obstacle toughening the entry barrier further for women in industry. Read MoreWomen Entrepreneurs in Bangladesh: a Case Study on Boutique Business10735 Words   |  43 PagesIntroduction 1.1 Introduction: Entrepreneurs are arguably the most important actors in our economy: the creators of new wealth and new jobs, the inventors of new products and services, and the revolutionizes of society and the economy. Yet despite their centrality, little is known about entrepreneurs: what motivates them, how they emerge, why they succeed. We know even less about who becomes an entrepreneur, and why. 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It identifies a select community of social entrepreneurs and engages it in shaping global, regional and industry agendas that improve the state of the world in close collaboration with the other stakeholders of the World Economic Forum. Social entrepreneurship is about applying practical, innovativeRead MoreAnalysis Of The Bank s Mobile And Banking Services Platform1491 Words   |  6 Pagesinsurance, investments, internet banking by default and cross-border money transfer services. THE MACRO AND MICRO ENVIROMENTAL FACTORS AFFECTING EQUITEL AND THEIR IMPACT. Since Equitel is an open system that is it gets its resources from the economy and suppliers its products to the market. This will lead to it being exposed to both external and internal factors. Internal factors. This relates to all the aspects within the firms control and are unique to that firm. They are controllable by the firm. They

Learning Through Experiences in Oedipus Rex by Sophocles

In every piece of writing, the characters go through many obstacles or changes. Oedipus Rex shows many downfalls of different characters and what they do to overcome these obstacles. The main character to focus on is Oedipus as the story revolves around him and the truths that come to ruin his life, his wife’s life as well as the lives of his children. Through ones rash decisions, pride and blindness to the truth, one can experience a downfall which will in turn lead one to suffering and maybe even self mutilation. Learning lessons and growing from those lessons are how people in society live and become who they are. Oedipus’s rashness of character and pride he leads himself to his own downfall. Oedipus gets angry very easily and does not treat others how he wants to be treated. He feels pity for some of the people but is quite arrogant towards the petitioners. â€Å"Ah my poor children, what you come to seek / is known already – not unknown to me† (Sophocles 3). Through Oedipus’s nonchalant disregard of the petitioners concerns, it shows that he really does not care that much about what the people feel. He claims to already know what they are worried about and is sort of pushing what they say to the side. He is arrogant and believes he is above them and is full of himself in the sense that he thinks he knows everything already when in reality he is disregarding important events and facts. Oedipus is also quick to point out the flaws of others and accuse them of doing thingsShow MoreRelatedThe Role of Faith and the Gods in Oedipus Rex Essays1713 Words   |  7 Pageso wn hands? Sophocles, in his work Oedipus Rex, establishes a view that gives fate, which is created by the gods, a seemingly inescapable characteristic over man. The role of fate is clearly defined, through the fulfillment of divine prophecy, and Oedipus’ inability to recognize prophecy as a realistic source of knowledge, as a fate that strikes a delicate balance with the free will of man. The balance stricken between fate and free will, in Sophocles’ mind, is portrayed through Oedipus’ fatal flawRead MoreOedipus: Aristotelian or Formalist Theory772 Words   |  4 PagesTeiresias’s speech at the end of scene one of Sophocles’ play Oedipus Rex is fairly short but it is in this encounter between Oedipus and Teiresias where the main conflict of the story begins to unfold. This is a pivotal speech in the play as it helps to develop some of the major themes in the play as well as begin to build up the tragic irony at the center of the story. When this speech is analyzed using either Aristotelian or Formalist theory key elements can be found that are effective inRead MoreOedipus As A Tragic Hero1445 Words   |  6 PagesAlthough not all who wander or deviate from the path are lost, some clearly are. When Oedipus, the eponymous character of Sophocles’ tragedy Oedipus Rex, first learns that he is destined to kill his father and marry h is mother, he abandons his home intent on never returning in order to avoid meeting his fate. Unbeknownst to the tragic hero, before the curtain’s rise, the prophecy has already been fulfilled. Consequently, due to the underlying corruption in Thebes, the people are perishing of a plagueRead MoreThe Hamartia of Blindness in Death of a Salesman and Oedipus Rex1048 Words   |  4 PagesSalesman and Oedipus Rex â€Å"Tragedy is an imitation not of men but of a life, an action†¦Ã¢â‚¬  (Aristotle). Tragedy is not about learning of certain characters, but rather learning about life itself. The inability to confront reality is a matter that takes place both in everyday life and in both plays. Despite the differences in both plays, Death of a Salesman and Oedipus Rex, the theme of being unable to confront reality is revealed through the protagonists’ shared hamartia of blindness. Through experiencesRead MoreAnalysis Of Oedipus Rex And The Kite Runner 1525 Words   |  7 Pagesron Hinsey The story of Oedipus Rex and The Kite Runner are set in two very different periods of time. Oedipus Rex takes place in ancient Greece where the king, Oedipus, kills his father and marries his mother. The Kite Runner takes place in Afghanistan and America, where a young boy named Amir reflects on his past about the time he spent in Afghanistan and the events that took place involving the country. However, even though the two books are separated in difference between space and time, theyRead MoreComparing The Story Of Oedipus Rex And The Kite Runner1523 Words   |  7 PagesThe story of Oedipus Rex and The Kite Runner are set in two very different periods of time. Oedipus Rex takes place in ancient Greece where the king, Oedipus, kills his father and marries his mother. The Kite Runner takes place in Afghanistan and America, where a young boy named Amir reflects on his past about the time he spent in Afghanistan and the events that took place involving the country. However, even thoug h the two books are separated in difference between space and time, they share manyRead MoreLight And Darkness In Oedipus Rex1467 Words   |  6 Pagesphysically blind were capable of. This contrast between spiritual sight and mere physical sight is a major theme in Oedipus Rex, the Greek tragedy written by the legendary Sophocles, a Greek playwright so skilled that he won the Festival of Dionysus approximately twenty times with his masterfully crafted tragedies (Buller). Oedipus Rex is a tragic journey of self-discovery as King Oedipus uncovers his origins and how he unwittingly fulfilled the oracle that he will marry his mother Jocasta and kill hisRead MoreOedipus Rex : A Tragic Journey Of Self Discovery1804 Words   |  8 Pagesof. This contrast between spiritual sight and mere physical sight is a major theme in Oedipus Rex, a Greek tragedy written by the legendary Sophocles, a Greek playwright so skilled that he won at the Festival of Dionysus approximately twenty times with h is masterfully crafted tragedies (Buller). Set in the city-state of Thebes in Ancient Greece, Oedipus Rex is a tragic journey of self-discovery as King Oedipus uncovers his origins and how he unwittingly fulfilled the oracle that he will marry hisRead MoreLiterature: Compare and Contrast - Literary Devices5483 Words   |  22 Pagesauthors by both comparing their work and isolating their contrasting elements, can be difficult, yet rewarding. Oedipus Rex (Sophocles), written in 429 B.C., offers the authors use of Greek Mythology, oracles, Greek gods, deception, and murder. Throughout the series of events, the reader is given clues to the true identity of the murderer resulting in a traumatic climax. Sophocles writes with certainty yet leaves the reader in virtual suspense anticipating the next event adding to the mysteryRead MoreI Sit At My Desk1171 Words   |  5 Pageslearn? What is the point to studying these endless facts that I may not fully remember a year from now? Underlying any discussion of education lies the question the question of why. What is the purpose? A student who is driven by purpose in his learning may succeed much more than one with unclear purpose or simply checking things off his list so he can move on in life. Alfie Kohn in attempting to look at what it means to be well-educated states, â€Å"Rather than attempting to define what it means to

Entrepreneurship and Innovation of Snowy Hydro Limited

Question: Discuss about the Entrepreneurship and Innovation of Snowy Hydro Limited. Answer: Introduction Business context and management of an organization is referred to the coordination of activities of the business to achieve the objective of the organization. Snowy Hydro Limited Company mainly generates electricity and is famous as a retailer company of Australia. The company was set up in 1949. The owner of the company is Commonwealth Government (13%), Government of Victoria (29%) and Government of New South Wales (58%). The shareholders of Snowy Hydro Limited Company provide strategic direction to enterprise (Our Business | Snowy Hydro. 2017). The focus of the assignment is to discuss about the entrepreneurship and innovation. The assignment discusses about the innovative nature of the company and the difference of disruptive innovation and sustaining innovation. The creativity promotion and innovation is also discussed. Necessary models and theories are applied to discuss the topic area. Another focus of the report is to utilise the entrepreneurship and innovation on the Snowy Hydro Limited Company. Learning outcome The learning objectives of the Snowy Hydro Limited Company are discussed below: To understand the main concepts of supporting the entrepreneurship and innovation practice To examine the difference between different innovation concepts by applying various theories To find the new opportunities and ability of the business of Snowy Hydro Limited Company from innovation and entrepreneurship To apply different knowledge and skills that is gained from the assessment to resolve the challenges of business and issues with the specific relevance to innovation and entrepreneurship to improve the outcomes of Snowy Hydro Limited Company Innovation nature For the last decades, the innovation became the driving force to shape the competition and the survival of Snowy Hydro Limited Company. However, innovation has three levels like revolution, renewal and resilience. Revolution is the way, in which the outsiders change the fundaments of Snowy Hydro Limited Company and use the creative destruction. Renewal is the changes of industrial incumbent and helps to rethink about existing business model of Snowy Hydro Limited Company. Chesbrough (2013) stated that resilience is a continue reconstruction of working environment on the behaviours, processes and values. Snowy Hydro Limited Company showed all the three levels of innovation. Resilience can be come up with the new products for the consumers by providing various hydro electric power stations. The renewal has come up with the business model via renewable energy sources. However, Drucker (2014) suggested that the source of the renewable energy is saving the non renewable energy and the company is getting various chances to grow in the international energy supplying market. Revolution is come with the acts like Snowy Mountains Hydro Electric Power Act (1949). The revolution has changed the past core competence of energy supplying market. Due to revolution the company started to grow fast. However, the company started their snowy scheme modernisation projects to develop the company position in the international market. Disruptive innovation vs. sustaining In the energy source market the company has developed the trust of the customers that is utilised. Consumers in the most demanding levels of the market can never get satisfaction with the available products. To make the customers satisfy, Snowy Hydro Limited Company needs to develop their strategy and productivity. Customers want better quality of services. However, different companies have different perspective to make profit. The target of sustaining innovation is to demanding customers with the best performance than the previous one. Sustaining innovation suggests about the increment over the years and the development of the company. On the other hand, disruptive innovation does not attempt better production and quality (What is Disruptive Innovation. 2017). Therefore, Snowy Hydro Limited Company apply the sustaining innovation. Open innovation Chesbrough (2013) suggested that many companies stuck to the old models of innovation that is a closed system. However, successful innovation needs controls. Pal et al. (2014) said that Snowy Hydro Limited Company needs to generate the own innovative ideas for the development, manufacture, service, distribution and market. Snowy Hydro Limited Company should plan own innovation ideas to achieve success. The new model of open innovation shows that Snowy Hydro Limited Company is able to commercialise the external and internal ideas by the deployment. Mainly, Snowy Hydro Limited Company needs to commercialise the internal ideas via channels outside the recent business to generate the value of the organization. In the new open innovation model, Snowy Hydro Limited Company commercialise the both ideas of own and other companies to develop the market place. However, Cheng and Huizingh (2014) suggested some principles of open innovation. Snowy Hydro Limited Company finds the new ideas to attract the employees as well as the customers. Management of Snowy Hydro Limited Company researched for new innovative ideas for the profit and reputation. In 2005, New South Wales government sold their 58% of share in the company to make profit up to A$ 1 billion (Felin Zenger, 2014). The management of Snowy Hydro Limited Company applied a new idea to make profit from the other companies by using the IP of other companies and buying the IP of those companies in advance to make own business model. Promotion of creativity and innovation: Innovation includes inherently the risk taking, unconventional teamwork and non standard solutions that cannot be managed easily by the ordinary control system. It develop the organizational framework and efficient management of the culture, which become critical for mobilising the creativity and innovative in Snowy Hydro Limited Company. Karim and Sarfraz (2016) suggested that the organization needs to be ambitious and strategy to be successful. However, appropriate leadership is also necessary for the successful promotion of creativity. There are six norms of the innovative organizational cultures. The norms are focus on the idea generation, support a continuous learning culture, risk talking, mistake tolerance, change supporting and conflict handling. Many companies like Snowy Hydro Limited Company find the innovation difficult. There are various reasons for the difficulty. During considering the innovation, risks are also involved in the innovation plan. However, the risk manager s should handle the risks to get the success. Dawson and Andriopoulos (2014) suggested that Snowy Hydro Limited Company should take different perspective to create an innovation culture and focus on the creativity to support the innovation. Entrepreneurship and innovation: Entrepreneurship is not easy like innovation. Entrepreneurs mainly use the innovation to create new changes or exploit opportunities to make the profit. The main purpose of the entrepreneurs is to make profit by the innovation. Entrepreneurship is the first and main mindset to identify a single opportunity to pursue the order and produce new product for the economic success. Entrepreneurship of Snowy Hydro Limited Company has five key elements. Those are creating climate support to continue opportunity searching, framing, and stocking the opportunity, focus and promotion of execution (Wu Huarng, 2015). The purpose of creating new climate to support the opportunity search is to find high potentiality for the business and exploit those opportunities with the confidence and speed. The entrepreneurship leaders are different from other managers by personal practice. The necessity of framing the opportunity is to count the profit amount that the company is making from the productivity. Risk management: The board of Snowy Hydro Limited Company set up a sub-committee for assisting in the meeting the risk management duties and responsibilities. These involve compliance subcommittee and aforementioned audit, operations and environment risk, portfolio risk sub-committee and culture subcommittee (Sadgrove, 2016). Audit and compliance subcommittee: the function of the committee is to give advice to Board on the risks that are related to the audit, financial report, business risk management and corporate management structure. Portfolio risk subcommittee: the function of the subcommittee is to give advice on pertaining risks to the energy trading function of Snowy Hydro Limited Company, treasury functions, corporate and strategic function and trading operation. Safety, environmental and operations risk sub-committee: this committee advice on pertaining risks to operations of generation, communication and hydraulic assets of company, health of the workplace and environmental safety practice involving the water release responsibility (Our Business | Snowy Hydro. 2017). People and culture sub-committee: these committee advices to Board on the risks and duties of the human resources of the company. Particularly, the committee gives advice on remuneration and measure policy, successful planning and organizational improvement practices of Chief Executive Officer. Conclusion On the basis of the above discussion, it can be concluded that Snowy Hydro Limited Company is a renewable company and has various market risks. These risks can affect the market of the company. Snowy Hydro Limited Company uses the innovative entrepreneurship that helps the company to make more profit and maintain the customer satisfaction. Snowy Hydro Limited Company generates own innovative idea to develop, manufacture, distribution, service and market position. Snowy Hydro Limited Company plans own innovation ideas to gain the success. Moreover, the organization has risk management department that manage the raising risks and suggest new ideas to the Board so that new goals can e set and more profit can be achieved. It is hopeful that the company will develop more in future. References Cheng, C. C., Huizingh, E. K. (2014). When is open innovation beneficial? The role of strategic orientation.Journal of product innovation management,31(6), 1235-1253. Chesbrough, H. (2013).Open business models: How to thrive in the new innovation landscape. Harvard Business Press. Chesbrough, H. (2013).Open business models: How to thrive in the new innovation landscape. Harvard Business Press. Dawson, P. Andriopoulos, C. (2014).Managing Change and Innovation, Sage Publishing, London, U.K. Drucker, P. (2014).Innovation and entrepreneurship. Routledge. Felin, T., Zenger, T. R. (2014). Closed or open innovation? Problem solving and the governance choice.Research Policy,43(5), 914-925. Karim, S. A., Sarfraz, S. U. (2016). CREATIVITY IS EVERYONE'S BUSINESS: HOW TO ENHANCE EMPLOYEE CREATIVITY IN TELECOMMUNICATION SECTOR.Annals of the University of Oradea, Economic Science Series,25(1). Our Business | Snowy Hydro. (2017). Snowyhydro.com.au. Retrieved 15 January 2017, from https://www.snowyhydro.com.au/our-business Pal, R., Aneja, A. P., Antlova, K., Militky, J. (2014). Open Innovation Business Models in Ambidextrous Clusters: A Multiple Case Analysis. In26th NOFOMA annual conference, Competitiveness through Supply Chain Management and Global Logistics, 11-13 June, Copenhagen Business School, Copenhagen, Denmark. Department of Operations Management, Copenhagen Business School. Sadgrove, K. (2016).The complete guide to business risk management. Routledge. What is Disruptive Innovation. (2017). hbr.org/2015. Retrieved 15 January 2017, from https://hbr.org/2015/12/what-is-disruptive-innovation Wu, C. W., Huarng, K. H. (2015). Global entrepreneurship and innovation in management.Journal of Business Research,68(4), 743-747.