Showing posts with the label entrepreneurs

Six Sustainable Steps for E-retailer Businesses

Developing successful online businesses is important for entrepreneurs, investors, and industry stakeholders. A multitude online businesses fail to reach a sustainable level for comfort-zone and growth-oriented companies. Research by Ashworth, et. al. (2013) helps in understanding how a six-stage approach describes the development of e-retailers and differentiates those that are successful from those that are not.  It should first be understood the differences between comfort-owned businesses and growth-oriented business.   Comfort businesses are developed around the needs of the owner while growth-oriented businesses seek to maximize revenue. The two are fundamentally different businesses based upon the personalities and goals of the founders.  A comfort-business may never reach full maturity as it is focused as a lifestyle or personal income generating of the owner. We may find an example in a boutique clothing store started by a person who enjoys fashion, a small gara

Enhancing Entrepreneurial Clusters with Global Supply Chain Networks

Global entrepreneurship is a concept that has made its way into recent economic literature. Small business has the opportunity to reach geographically dispersed customers that was not possible just a few decades ago. These entrepreneurs work within clusters and rely on effective supply chains to ensure that products are distributed to end users. Research by Wu, et. al. (2010) presents a framework for understanding global entrepreneurship where supply chain management serves as a platform for resource collection, market development, and risk mitigation.  Before one can effective discuss the mechanisms of global entrepreneurship it is beneficial to understand what the term means. Fundamentally, entrepreneurs focus on value creation, development of new products/services, sparking ventures, and encourage market innovations (Brush, et. al., 2003). Entrepreneurs can exist within organizations or own small businesses.  It is also possible to see entrepreneurs as the un-academic