Enterprenuership And The World Economy - Simon Cowell & JK Rowling
Added on 2021-02-19
12 Pages4262 Words59 Views
EntrepreneurshipFilm and TheatreEconomics
|
|
|
ENTREPRENUERSHIPAND THE WORLDECONOMY
Table of ContentsINTRODUCTION...........................................................................................................................3Characteristics of Entrepreneurship............................................................................................3Contributions in UK Economy....................................................................................................5Contribution of government to entrepreneurs.............................................................................8Public Support on Entrepreneurs................................................................................................9Government Motivation for Entrepreneurs...............................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONEntrepreneurship is a personal activity which are done by entrepreneurs to ear themaximum profits in ethical code of conduct. As entrepreneur are the business owners and havemuch knowledge to increase their productivity, they use innovative ideas which make theirbusiness core competent. Entrepreneurs generally use different business strategy so that they cancompete In the market and earn more profits. Due to this strategic planning and methodsentrepreneurs grow their business and try to reach the different regions of their businessexpansion, these companies have a large transaction all over the world which help the economyto grow as well due to high number of employment opportunities which will increase their livingstandard and income generation of the economy. As organization have is now free to trade theirproducts and services globally with the help of liberalization and globalization internationalbusiness became easy and more productive with the help of entrepreneurs. Simon Cowell and JKRowling are one of the top entrepreneurs in the world which impacted the economy to grow inpositive direction. Simon Cowell was born on 7th October 1959 in London, he changed the phasethe youth and got his lifetime achievement as a music producer. JK Rowling was born in 1965,England she had created a great impact in the hearths of readers as she is a writer, film producer,screen writer, and also help to uplift the social backward people by donating. This report willhave a detailed description about how entrepreneurs have helped o boost the economy of theworld. Characteristics of EntrepreneurshipA good entrepreneur is always known for the techniques and changes which have beendone to support its surrounding which is very essential as entrepreneur have to be broad-mindedand should have the ability to influence other to increase the efficiency. Economic activitySimon Cowell is a well know name which have made his achievement not only in UK butin the worlds which enabled many followers to get motivated and help them to transform theworld. He has also provided the platform for the fresh talents to make them popular accordingtheir potential.
JK Rowling is also an entrepreneur from UK, she had published many excellent novelswhich give her a high number of sales of their novels and it also provided their readers toincrease their knowledge and interest in literature and become more intellectual.(Rawhouser,Cummings and Newbert , 2019)Risk bearingSimon Cowell in his career growth took many risks to form his concrete career and haveto make the right decision which make him the known entrepreneurs in the world as he hasinvested in many television shows which had uncertainty of making profits as there was no fixedscript in the shows it was a reality based show which is known as X factor and many more, he isentrepreneur skills portrayed in many fields of business from music, television.(Manso , 2016)JK Rowling a famous writer of the famous novel Harry potter and movies as well, the writer wasa teenage girl who perused writing her thoughts and did not care about the people's criticism asshe lived in poverty most of her teenage life she made her way out of it and also started manyventures which made her one of the successful entrepreneur because she had a dedication andbelieve in herself that she can do it. Creativity in ideasAs both the entrepreneur had a different ideology from the surrounding people whichmade them to go out of the box and explore their capabilities and which also helped them toincrease their knowledge and possibilities to fulfill their ideas, Simon Cowell had an innovativeidea of starting a talent hunt show on the live platform to gather the maximum talents in thecountry, and he didn't stop or was discouraged by the failures he kept on going and partneringwith many countries to start this concept which became a hit and that also helped manydeserving people chance to get what that need to fulfill their dreams.JK Rowling is also an inspiration to many people as she is also a philanthropist but utmost she isa writer. And a writer is only known for their thought which they portray in the books. Thethoughts and vision which JK Rowling novels had also made the readers connect to her noveland also gave her popularity because of her different kind of plots and new character which aresimilar to real life and also give some moral values to the readers.(Siegel and Wright, 2015)Observationa good entrepreneur also have to understand their environment to act on it and earn moreprofits. Simon Cowell had observed the nature of his business from being a assistant in the
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Entrepreneurship and Small Business Managementlg...
|15
|786
|82
Entrepreneurship and Small Business Managementlg...
|15
|786
|89
Role of Entrepreneurs in UK Economylg...
|12
|4182
|80
Entrepreneurship and Small Business Management - Deskliblg...
|13
|1179
|252
Evaluation of Background and Experience in Entrepreneurshiplg...
|9
|615
|90
Entrepreneurship and Small Business Managementlg...
|12
|493
|93