Entrepreneurship Assignment Example | Topics and Well Written Essays - 1500 words

Entrepreneurship - Assignment Example They strive to search for new way by their vision, creative and optimistic qualities. Entrepreneurs are those persons who perceive the prospect to innovate and accomplish the start up of new enterprise (Dallas Fed, n.d.). According to Schumpeter, the following things can be done by an entrepreneur as measures of innovation: Introduce new quality product that is unfamiliar Introduce unique production system that is not experienced so far Establishment of new market where a country has not entered yet Discover new supply source Foundation of new enterprise to create a monopoly position in the market (Mohanty, 2005). Role of Entrepreneur in Economy Entrepreneurs play vital role in economic progression. They help to deal with the common problems of unemployment. In the 20th century, the world had experienced a number of entrepreneurs. However, there are limited numbers of innovating entrepreneurs compared to imitating entrepreneurs. The imitating entrepreneurs help many underdeveloped co untries to rise at a rapid speed due to global demand. Thus, an entrepreneur, essentially an innovating entrepreneur, has great importance to balance the global order and vitality of society (Mohanty, 2005). Entrepreneur and Economic Growth There are number of ways that entrepreneurs help in economic growth. Some of them are mentioned below: Capital Creation: Capital creation is the most vital aspect for economic development of a country. There is a need to create capital so that a country gathers huge reserves of machinery, equipment that can increase the production. Entrepreneurs can promote latest skills of human capital by their knowledge which can help to increase the productivity and thus financial growth. Raise the Per Capita Income: The economic growth is calculated by improvement of per capita income of people in a country. It is the entrepreneurs who tribute and increase the economic development by introducing new market or business opportunity in any country. Improve Livi ng Style: By introducing different kinds of organisations, entrepreneurs improve the living standard of people. Their creative products help a common man to live and think in a different way. An entrepreneur invents new devices in a range of designs and models which makes people’s life easier. Economic Liberty: Entrepreneurial activity helps a country to accomplish economic liberty. It helps to reduce the dependability of other country. A technology introduced by an entrepreneur assists a country to produce in mass quantity and avoid using foreign technologies. Entrepreneurs sell to other countries the products and services and saves expensive foreign money for the country. Development of Infrastructure: Often an entrepreneur develops the country’s basic infrastructure such as road, overpass and industrial units which can aid economic development of a country. These establishments can attract investors and many foreign companies to operate business and invest huge mone y which can augment economic development. Backward and Onward Relationships: An entrepreneur instigates change in the country by backward and onward ways. Entrepreneurs introduce giant plant which creates several subsidiary industries and based on those industries other industries also grow side by side by utilising the raw material produced by the giant plant. Thus, an entrepreneur helps to increase the economic growth (Mohanty, 2005). Entrepreneurship and Competitiveness The entrepreneurial act

Resentment and the Genealogy of Morals Essay Example | Topics and Well Written Essays - 5500 words

Resentment and the Genealogy of Morals - Essay Example This essay discusses that the concept proves crucial to the sociological and cultural dynamic that pervades modernity. The consequences of this "feeling" are nefarious and multi-faceted. One such consequence allows confidence men or con artists to gain significant leverage and traction in contemporary society. In order to explicate this condition in society, this paper will first examine the theoretical features of slave morality and ressentiment as outlined by Nietzsche. Next, an inquiry into how these phenomena manifest itself in society in such a way to promulgate the appearance of such individuals and the reasons for their success. To this end, a presentation of Herman Melville's work, The Confidence-Man: His Masquerade will be presented in order elucidate the types and operating structures of con artists and confidence games. In conjunction, it will be important to discuss what archetypes Nietzsche defines such as the "Priest," the "Philosopher" and the "Artist" in reference to con artists while simultaneously highlighting the features of the con artists' mark, which will be shown to be the herd. In doing so this paper will show that the techniques con artists deploy in order to become effective are not significantly different from those deployed by Nietzsche's archetypes. It is understood that Nietzsche's genealogical method has been incisively criticized; nevertheless, Nietzsche's program does offer a worthwhile perspective in which to analyze the interplay between the con and the mark. One might question the leveraging of a fictional text, Melville's in order to explicate a real cultural phenomenon, the existence of con artists. Nietzsche's arguments as they are presented offer a mytho-tectonic analysis of the semiotic manifestation of the Slave and Master moralities. Insofar that these manifestations have occurred in society is without doubt; however, the true affectivity of the symbols lies in their ability to manipulate and massage the consciousnesses of individuals in that society and nowhere is the documentation that symbolic manipulation more evident than in the literary efforts of humanity. He articulates more fully the characteristics of Slave and Master Moralities in his work Beyond Good and Evil. They both revolve around their respective abilities to "will to power," this creative/destructive force which drives all human activity. Slave morality and the concept of morality must be understood broadly here to include all kinds of human activity, represent the behaviors of those who are unable to will their own desires directly and must "get around" as it were through subversion and cunning. The essence of Master morality is nobility. Actions are judged by their value or non-value for the master himself. In slave morality, actions are judged by their intention, namely their intention to harm or not harm the slave.