Entrepreneurship Essay Example | Topics and Well Written Essays - 4000 words - 2

Entrepreneurship - Essay Example The main motive of an entrepreneur is to earn profit through production or distribution of product and/or services. On the other hand, entrepreneurship has been explained as a process of performing a work in a new and better way. As per the views of Peter F. Drucker, an entrepreneur is one who always searches for change, responds to it and exploits it as an opportunity (Drucker, 2007). In a broader way, it can be said that entrepreneur shifts economic sources out of lower into higher productivity and greater yield. Every management theorist has represented entrepreneurship in its own way. The entire management study has been based on entrepreneurship. Like any other management studies, entrepreneurship has diverse characteristics, themes and types (Magretta, 2014). With this concern, the essay intends to conduct a debate between characteristics and themes of entrepreneurship. Moreover, the entire essay provides a brief view about entrepreneurship types, characteristics and themes. Every profession has different characteristics or traits, which make that occupation more diverse and exclusive from others. Likewise, an entrepreneur has many unique traits, which make this occupation different from other (Magretta, 2014). An entrepreneur has various characteristics that are described hereunder. To make a mark in any field, every individual is needed to be confident. In an entrepreneur, confidence is recognized as a hallmark characteristic. It has been seen that individuals are able to be success in their profession by developing the level of confidence. In this regard, an entrepreneur is required to possess confidence, so that he or she is creative as well as risk taking in approach for better business performance (Otote, 2009). To be a successful entrepreneur, every individual should have strong leadership qualities for

Domino's pizza case study Example | Topics and Well Written Essays - 1000 words

Domino's pizza - Case Study Example This analysis presents the elemental constructs of the new information strategy, the digital technologies used in the implementation of the strategy as well as the qualification of such technology to be part or reminiscent of a digital ecosystem. Domino’s revolutionary information system stems primarily from operation innovation complimented by technology-enabled processes, and more specifically the store design. Since the basic steps of making pizza available entail placement of the order by the customer followed by an immediate order preparation that takes into consideration the waiting time duration balanced against quality maintenance, the need for store managers to monitor the rate of order preparation became imperative. Consequently, the business based on its operational design and available technology rolled out a program, the leaderboard that provides store managers with real-time information on performance analytics and operational metrics. Through this platform, store managers are able to monitor the performance of their respective stores relative to that of neighboring ones. In addition to providing information to the store managers, the leaderboard also relayed the same information to regional managers and to the headquarters, which implies that remote monitoring of store became possible. It also increased transparency in the operations of the stores since employees were able to track key performance indicators and make corrections whenever a situation arose that warranted such.