Personal Enterprising Manifesto: Social and Enterprise Ideals

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This essay explores the concepts of enterprise and entrepreneurship, focusing on the development of a personal enterprising manifesto. It draws on the idea of problem framing, explaining its relevance to entrepreneurship and personal life. The essay discusses personal ways of solving problems, emphasizing the importance of identifying the problem, staying calm, and aligning with organizational goals. It also highlights essential enterprising skills such as digital literacy, critical thinking, innovation, and presentation skills. The 4R model of strategic thinking (Resources, Risk, Reactions, Return) is applied to enhance personal effectiveness in enterprising. Furthermore, the essay reflects on meeting social and enterprise ideals for cultivating new ideas and improving enterprise management, concluding with the need for entrepreneurs to possess passion, vision, and effective decision-making skills. Desklib provides access to similar essays and study tools for students.
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0Running head: ENTERPRISE AND ENTREPRENEURSHIP
Enterprise and Entrepreneurship
Name of Student
Name of University
Author Note
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ENTERPRISE AND ENTREPRENEURSHIP
Table of Contents
Introduction......................................................................................................................................2
Concept of problem framing........................................................................................................2
Personal Ways of solving problems.............................................................................................3
Personal Enterprising Skills Required.........................................................................................4
Application of model in Personal Effectiveness of Enterprising.................................................4
Personal effectiveness in meeting Social and Enterprise Ideals..................................................6
Conclusion.......................................................................................................................................6
References........................................................................................................................................7
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ENTERPRISE AND ENTREPRENEURSHIP
Introduction
The enterprise is defined as the process by which the new business should be formed so
that the products or services are offered in the market. The entrepreneur is defined as an
individual who want to start a new business and the individual should be aiming on the risks
which is related with the business (Bridge and O'Neill 2012). The entrepreneur should be
encouraged to undertake the entrepreneurship practices which are useful for making the
entrepreneurs to start their own business (Tippmann Scott and Mangematin 2012). It is evident
that in the UK there are around 4.5 million businesses of which there are 3.3 million which does
not have any staffs.
The study should be focusing on the development of the personal enterprising manifesto
which should be drawing on the idea of problem framing. The study should be explaining the
concept of problem framing and how it should be related with the development of
entrepreneurship practices and implementing in personal life.
Concept of problem framing
The problem is basically an idea which is generated from the minds of the individuals
where the mind does not know how to get the idea to be executed and solved. The problem is
deeply associated with the entrepreneurs as well with the entrepreneurial practices as well. It is
important that for the framing of problem, the entrepreneurs need to understand the problem
(Wright et al. 2015). It is useful for the entrepreneurs to frame a problem and then the solution
needs to be retrieved it and It should be analyzed deeply so that the problem should have a
comprehensive solution. In the context of the entrepreneurs and the entrepreneurship practices it
is quite evident that they are trying to develop and start a new business where they have to
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ENTERPRISE AND ENTREPRENEURSHIP
overcome problems and before doing that they need to frame a problem so that they can be able
to identify and judge it in a proper manner (Drucker 2014).
Personal Ways of solving problems
The problem solving is one of the most important aspects of entrepreneurship. For the
entrepreneurship practices to be implemented, the entrepreneurs need to identify and solve the
problems of the stakeholders of the business (Pott and Pott 2012). So the strategies for solving
the problems for the entrepreneurs has been depicted below
Identification of the problem- In this step before I launch any ideas, I need to understand
and identify the problem present in the market. . The entrepreneurs like me who are
implementing good entrepreneurship practices should be trying to identify and analyze the
problems first and then they need to reframe it according to the resource capabilities they have it.
Staying Calm- It is important that I need to stay calm and hold their emotions after
getting successful as well as when they are trying to cope up with the stress they are facing on
reframing and identifying the problem.
Attainment of Organizational Goals- It is obvious that there should be the attainment of
the organizational goals to be established for me as after identifying the problem, I would be
doing constant efforts in analyzing the situation and trying to focus on reframing the problems
which should be associated with the attainment of the organizational objectives.
Starting with General ideas-For enterprising when I will be addressing the problem, I
need to understand and identify the problems in a general way. After that I should be working on
the details of the problems and going into detailed ways of how to solve the problems.
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ENTERPRISE AND ENTREPRENEURSHIP
Personal Enterprising Skills Required
It is important that for enterprising there is the need to develop enterprising skills which
is required for me to become a good entrepreneur in future (Kuratko 2016). So the skills which is
required by me in order to have enterprising are depicted below
Digital Literacy- I think I would like to have digital literacy to be at the highest standards
in order to cope up with the digital trends useful for developing a business. I should be aware of
the digital trends and statistics available on secondary sources as in internet to understand the
trends and patterns of the market where I will be enterprising.
Critical Thinking- The critical thinking is the skill which I need to develop for
enterprising. I need to think in a critical way in order to understand the proper points and ideas to
be scrutinized for me to develop my critical thinking skills as well as applying it for enterprising
as well.
Innovation- The next sill which I need to be adopted for enterprising should be the
innovative skills. I should be able to cultivate new ideas and knowledge on the aspects which are
completely innovative in order to get a strong hold in enterprising my distribution business in
future.
Presentation- I also need to be adopting the presentation skills which are useful for me to
present and organize my ideas and knowledge for executing it. This will certainly help me to
influence my clients for enterprising currently as well in the future.
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Application of model in Personal Effectiveness of Enterprising
The 4R model of strategic thinking is important in enhancing the thinking as well the
decision making skills for an individual (Schoenfeld 2013). I will be applying the 4R strategic
thinking model in order to improve my thinking as well the decision making skills required for
enterprising. Strategic thinking is considered as the important tool which is making the
individuals to think, assess and view about how an entrepreneur will be enterprising. So the
analysis of the 4R strategic thinking model is illustrated below
Resources- It is important for me to analyze how much resources I have in with me
before thinking about enterprising. It is important at to think of the tangible and the intangible
resources which are useful for me to make enterprising. I will be doing this by prioritizing the
ideas which I have in my mind. After that I need to sort out the problems which I am facing
while enterprising.
Risk- After the resources are identified and analyzed by me I need to identify and
understand that any kind of risks I am getting involved while enterprising or not. For example, I
am running a small distribution business and I have my own money invested in enterprising this.
At this time I need to be very careful of how I will be using my own money for proper
enterprising my business.
Reactions- I think that reaction is very much important for me to understand that whether
I have been doing the enterprising in the right way or not. I need to understand and analyze the
reactions of the other people involved with me in enterprising. It is seen that reactions matters a
lot in taking effective decisions and for solving the problems in enterprising.
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ENTERPRISE AND ENTREPRENEURSHIP
Return- This is important to understand for running a enterprise that whether I should be
getting sufficient return or not is useful to investigate. The return could be in the form of cash or
in the form of skills as well the new ideas which I will be experiencing from my ongoing
enterprise. I think that if the return from the enterprise is right then I have been able to evaluate
that feasibility of running an enterprise.
Personal effectiveness in meeting Social and Enterprise Ideals
It is important for me to meet with the social and enterprise ideals for cultivating new
ideas and knowledge about how to make my enterprise running in the future. The meeting with
the social and enterprise ideals will basically help me to improve my loopholes in organizing and
managing an enterprise. This will help me understand that how I should be reassessing my ideas
and also tells me that whether I am on the right track for the future or not in developing
sustainability for enterprising. The meeting with the social and enterprise ideals will also provide
me the inner motivation and self belief for running an enterprise and also for improving the
enterprise in future as well. I also want to be able to personally reflect on my development and
gather innovative ideas and knowledge of how I could be able to run enterprise.
Conclusion
It is evident that for the entrepreneurs to become successful they need to possess some of
the entrepreneurial skills. The entrepreneurs need to be passionate, should have the proper vision.
They should be energetic and driven. They should be able to make quick and effective decisions
and they were self started. They should be calculated and risk taking and they should be focused
as well. It is concluded that there is the need of organizing and managing the new ideas for
running an enterprise properly. It is evident that for running an enterprise it is useful to self
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assess and should try to focus on the 4R model of strategic thinking in order to enhance the
critical thinking and the presentation skills. It is evident that meeting with the social and the
enterprise ideals are very much essential in order to get inspired and motivated to run an
enterprise.
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References
Drucker, P., 2014. Innovation and entrepreneurship. Routledge.
Kirzner, I.M., 2015. Competition and entrepreneurship. University of Chicago press.
Dees, J.G., 2017. 1 The Meaning of Social Entrepreneurship. In Case Studies in Social
Entrepreneurship and Sustainability (pp. 34-42). Routledge.
Bridge, S. and O'Neill, K., 2012. Understanding enterprise: Entrepreneurship and small
business. Palgrave Macmillan.
Kuratko, D.F., 2016. Entrepreneurship: Theory, process, and practice. Cengage Learning.
Pott, O. and Pott, A., 2012. Entrepreneurship. Unternehmensgründung, unternehmerisches
Handeln und rechtliche Aspekte, Heidelberg.
Storey, D.J. ed., 2016. Entrepreneurship and new firm. Routledge.
C. Payne, T., Gallagher, K., E. Eck, J. and Frank, J., 2013. Problem framing in problem solving:
a case study. Policing: An International Journal of Police Strategies & Management, 36(4),
pp.670-682.
Wright, S.M., Rutgers, E.M., Daly, S.R., Jablokow, K.W. and Yilmaz, S., 2015. Exploring the
effects of problem framing on solution shifts: A case study.
Tippmann, E., Scott, P.S. and Mangematin, V., 2012. Problem solving in MNCs: How local and
global solutions are (and are not) created. Journal of International Business Studies, 43(8),
pp.746-771.
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Nickerson, J., Yen, C.J. and Mahoney, J.T., 2012. Exploring the problem-finding and problem-
solving approach for designing organizations. The Academy of Management Perspectives, 26(1),
pp.52-72.
Schoenfeld, A.H., 2013. Reflections on problem solving theory and practice. The Mathematics
Enthusiast, 10(1/2), p.9.
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