business capabilities mean

2
Business capabilities mean? The concept of business capability is in place for the first time in the SEVENTEENTH century and its meaning is still evolving since then. Many people simply regarded it as the beginning of an individual business. Most economists believe that the concept of business capability also embraces many other meanings. To some economists, is a businessman who is willing to incur risk in a new business project if feel distinctly overriding profit. Others emphasized the role of entrepreneur, regarded them as initiators, putting his initiatives to market. Some other economists that the entrepreneurs are people who take out these goods or new production methods to meet the needs of the market that we have the supply. In the twentieth century, American economist Joseph Schumpeter (1873-1950) concerns the improvement and invention of the entrepreneurs have impacts in the creation of the shifting and changing. Schumpeter view business possibilities as resources brought to creative destruction "‟. Entrepreneurs to conduct "the new combination ‟, that makes the old industry become obsolete. The way business old tradition has been broken by the appearance of the new way better. Expert Peter Drucker (1909-2005) developed this idea with the description of the entrepreneur is someone who seek change, adapt to change and take advantage of that opportunity. Consider the changes in the field of information-from typewriters to computers then the Internet-this is the best evidence for this idea. Today, most economists agree that business capabilities is an essential factor in economic development and fully end the occupation opportunities in every society. In the developing countries, the small business success is a fundamental driving force in the creation of employment, income and poverty reduction development. Therefore, the Government's support for the ability to do-he is an important strategy in economic development. Declaration of the Committee of industry and trade of the Organization for cooperation and economic development (OECD) in 2003 that: "the policies aimed at developing the ability of business has important implications in the creation of the - 3 - and economic development ". Government officials can establish incentive measures aimed at encouraging the entrepreneur embarks on new business projects. Among the measures is the legal enforcement of property rights and encourage a system of competitive markets. The culture of a community can also influence the possibilities of business in our community. The business possibilities in the different levels can stem from differences in culture, that makes business capabilities can be appreciated or not. A respected community people doing in the high positions in the State apparatus or those intellectuals have high professional education that may not have the effect of encouraging business capabilities. In contrast, a culture or the policy importance of individuals independently often encourage the possibility of more business.

Upload: thy-nguyen

Post on 14-Jul-2016

212 views

Category:

Documents


0 download

DESCRIPTION

Business administration

TRANSCRIPT

Business capabilities mean? The concept of business capability is in place for the first time in the SEVENTEENTH century and its meaning is still evolving since then. Many people simply regarded it as the beginning of an individual business. Most economists believe that the concept of business capability also embraces many other meanings.To some economists, is a businessman who is willing to incur risk in a new business project if feel distinctly overriding profit. Others emphasized the role of entrepreneur, regarded them as initiators, putting his initiatives to market. Some other economists that the entrepreneurs are people who take out these goods or new production methods to meet the needs of the market that we have the supply.In the twentieth century, American economist Joseph Schumpeter (1873-1950) concerns the improvement and invention of the entrepreneurs have impacts in the creation of the shifting and changing. Schumpeter view business possibilities as resources brought to creative destruction "‟. Entrepreneurs to conduct "the new combination ‟, that makes the old industry become obsolete. The way business old tradition has been broken by the appearance of the new way better.Expert Peter Drucker (1909-2005) developed this idea with the description of the entrepreneur is someone who seek change, adapt to change and take advantage of that opportunity. Consider the changes in the field of information-from typewriters to computers then the Internet-this is the best evidence for this idea.Today, most economists agree that business capabilities is an essential factor in economic development and fully end the occupation opportunities in every society. In the developing countries, the small business success is a fundamental driving force in the creation of employment, income and poverty reduction development. Therefore, the Government's support for the ability to do-he is an important strategy in economic development.Declaration of the Committee of industry and trade of the Organization for cooperation and economic development (OECD) in 2003 that: "the policies aimed at developing the ability of business has important implications in the creation of the- 3 -and economic development ". Government officials can establish incentive measures aimed at encouraging the entrepreneur embarks on new business projects. Among the measures is the legal enforcement of property rights and encourage a system of competitive markets.The culture of a community can also influence the possibilities of business in our community. The business possibilities in the different levels can stem from differences in culture, that makes business capabilities can be appreciated or not. A respected community people doing in the high positions in the State apparatus or those intellectuals have high professional education that may not have the effect of encouraging business capabilities. In contrast, a culture or the policy importance of individuals independently often encourage the possibility of more business.The essential point of the above is the first article in the series of one-page essays written about the basic elements of business capabilities. Each page are combined minds of the mainstream economic theorist with the example of the practices of the business in many different countries. Series of essays aims to answer the question: why and how people can become entrepreneurs? why the ability of business beneficial to the economy? How will the Government encourage business development capabilities, and with it the economic growth?- 4 -2. what qualities make someone become a home business?Who can become a home business? There is no one right answer to this question only question. A successful entrepreneur can appear at any age, gender, income level and race. They differ on education and experience. But a study found results: most successful entrepreneurs have certain personal qualities, which are: creativity, computer hard, determination, flexibility, leadership, passion, confidence and smart "‟.

Innovation: are sparks created the development for new products and services or to the way business. This is the driving force of innovation and improvement. It makes people do not stop learning, creative thinking beyond what has already been created. Computer hard: is what makes entrepreneurs working diligently, 12 hours/day or more, even work all seven days of the week, especially from the beginning to the end of a day's work. The planning and the ideas have to be highly concentrated in order to achieve results. The only makes people achieve this. determination: is the desire to desire strongly to achieve success. It includes the persistence and the ability to stand firm