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Assignment MGMT20140 Design Thinking for Managers

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Central Queensland University

   

Design Thinking for Managers (MGMT20140)

   

Added on  2020-04-01

Assignment MGMT20140 Design Thinking for Managers

   

Central Queensland University

   

Design Thinking for Managers (MGMT20140)

   Added on 2020-04-01

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MGMT20140: Simple Reflective TemplateTemplate number:Name and student ID:Activity/experience Description:From this module I have known the different fundraising ways entrepreneurs uses for establishing their business. I gained knowledgeabout the different ways of obtaining fund both internally and externally.Date of the activity/experience:Thoughts and Feelings DURING the activity:During the activity I was very astonished to know that earnings that are retained from long time are used as fund by the entrepreneurs, this has given me idea how far an entrepreneur can walk to run his business in a proper manner to achieve the desired goals. I had mixed feelings during the activity since I was very confused because it was very difficult to set time framing for the plan.Thoughts and Feelings AFTER the activity:After the activity completed I was very to happy that I participated in the activity since I was not being able to grasp what are the main activities I am supposed to do. This activity has impacted by way of thinking towards the entrepreneurs.What can you learn from this activity?Firms can achieve funds from internal or external source this I have learnt from this activity. By utilizing retained earning entrepreneurs are reinvesting their profit but whether this investment canincur profit for them is uncertain, thus I came to know the about the risk taking behaviour of the entrepreneurs. I have also learned about different business models that the firms uses for achieving growth in their businessWhat can you do to develop yourself further in the context of this activity?I want to develop my skills so that I can identify the resource origins that are required for starting abusiness correctly as this identification needed involved various steps. I am also planning to pull together all budgets that are required for my research.Academic Reference to link this to theoryGarland, R. (2015). Large Firms Pushed US Fundraising to $143.30 B in the First Half. The Private Equity Analyst.Bouncken, R. B., Komorek, M., & Kraus, S. (2015). Crowdfunding: The current state of research. The International Business & Economics Research Journal (Online), 14(3), 407.
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