Managing Human Capital & Entrepreneurship - Assignment
Added on 2021-04-24
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Running head: MANAGING HUMAN CAPITAL AND ENTREPRENEURSHIPManaging Human Capital and EntrepreneurshipName of the Student:Name of the University:Author Note:
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1MANAGING HUMAN CAPITAL AND ENTREPRENEURSHIPExecutive SummaryStarting up a new job is not that easy at it seems. It requires huge amount of dedication, hardwork and commitment. In addition to this, the Chief Executive Officer of the company needsto hire efficient human resource managers, organizational leaders and others. The reportthrows light on the topics of human resource management and entrepreneurship, taking afresh business into consideration. An entrepreneur is going to start a new business of Pop upSprinkler and Control Systems and import them from Germany. A new business idea is beingproposed by covering the areas of the business model that is, product and service, prioritycustomers, superior value propositions, channels of distributions, resources requirements andcompetitive strategies. In addition to this, the report throws light on the windows of opportunities for the proposedbusiness by incorporating relevant sources as well as evidences related to the businessenvironment of the country. It highlights the job duties of a human resource manager andhow he/she should serve the company. The report also discusses about the major challengeswhich the entrepreneur may face, on starting up the business. However, there areuncertainties in every job. Thus, it is immensely important for the entrepreneur to jot downthe probable solutions beforehand, in order to avoid issues later. However, conducting amarket research on the business sector of other countries will prove to be beneficial for theentrepreneur.
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2MANAGING HUMAN CAPITAL AND ENTREPRENEURSHIPTable of ContentsIntroduction................................................................................................................................4Background............................................................................................................................4Purpose...................................................................................................................................4Scope......................................................................................................................................4Discussion..................................................................................................................................5Product or service...................................................................................................................5Priority Customers.................................................................................................................6Superior Value Propositions..................................................................................................6Channels.................................................................................................................................6Resource Requirements..........................................................................................................7Competitive Strategy..............................................................................................................8Business environment of Maldives........................................................................................8Political Factors..................................................................................................................8Economical Factors............................................................................................................8Social Factors.....................................................................................................................9Technological Factors........................................................................................................9Environmental Factors.....................................................................................................10Legal Factors....................................................................................................................10Porter’s Five Forces.............................................................................................................10Human Resource Requirements and Strategies...................................................................11
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3MANAGING HUMAN CAPITAL AND ENTREPRENEURSHIPChallenges and probable solutions.......................................................................................13Conclusion................................................................................................................................15References................................................................................................................................17
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