University Enterprise Development: Self-Reflection and Analysis Report

This report is a self-reflection on enterprise development, discussing key concepts and personal insights. The student explores the enhancement of an association through various programs and advanced technologies, emphasizing the importance of risk-taking and unique ideas in the marketplace. It highlights the significance of strategic planning, dedication, and coordination within an organization. The report analyzes different funding sources like venture capital, angel investors, and business incubators, while also identifying potential barriers such as cultural issues and changing trends. The author reflects on the strategies adopted by startups and small firms, emphasizing the importance of adapting to consumer demands and considering various aspects of the business environment. The report concludes by emphasizing the role of management in acquiring effective strategies and meeting customer demands.

Enterprise
development- Self
reflection

Table of Contents
REFELECTION BLOG...................................................................................................................1
REFERENCES................................................................................................................................3

REFELECTION BLOG
As per my opinion enterprise development is about enhancement of an association by
conducting various programmes or sessions at workplace with the help of distinct number of
advanced technologies. However, it is essential to take necessary steps by studying different
aspects in order to meet all the criteria. Mainly entrepreneurs have the ability to take risk for
acquiring maximum profit by introducing various outstanding or unique ideas at marketplace
(Jones, 2010). Thus, initially I have learned that emergence of creative things is very much
essential at global market because it aids in facilitating domestic as well as foreign clients with
marvellous products or services. As per survey report it is assessed that number of people are
coming with new or fresh opinion and become one of the leading entrepreneur or leader at
international marketplace such as; Nelson Mandela which was one of the famous person for its
outstanding leading quality, Mark Zuckerberg, Henry Ford and so on. Main reason behind
success of these people are that they follow specific stages by designing appropriate strategy
which assist entire association towards corrective path. Additionally, they are also focussing on
dedication, committed, coordinated amongst staff members and accomplish their job role in
different way which make them distinguish from common people (Draycott, Rae and Vause,
2011). Hence, as per my views person who is responsible for managing a large or small
enterprise needs to think different, do different, perform different which means that entrepreneur
are always walk in a distinguish lane. Therefore, while acquiring knowledge I have learned that
planning is one of the indispensable aspect at organization because with the help of this company
get succeeded in controlling possibilities of mistakes, errors or losses.
In coming days, I have learned that improvement in company must gone through
necessary steps or procedures by adopting tools or techniques because it helps in reducing
organizational barriers in minimum time frame. Thus, analysing of business opportunities or
ideas which is emerging is necessary for acting as per requirement or supports in performing
business operations. Along with this, entrepreneur need to identify the distinct sources from
which company may acquire useful chances of development. Furthermore, enhancement of small
business firm is resulted in growth of entire nation because little firms are helping common
people in facilitating consumers with basic needs. Subsequently, finance is seen as one of the
indispensable factor for company success because overall management of an association is
depend upon sufficient monetary support. Thus manager of corporate world always tries to
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arrange necessary amount of funds for improving the organization image at marketplace. As a
manager I believe that entrepreneur are having various sources of funds but as a new product and
services I am facing many problem for arranging fund. At market place some important sources
thus use by me or profitable for me are detail as follows:
Venture capital: These are capitalist and looking for technology driven businesses. They
invest their money in high growth potential company as well as sector thus provide high return.
Some high growth sector are communication, information technology and biotechnology (Mills
and Pawson, 2012). Venture capitalist take equity position in an organisation, so that they have
power to influenced management decision making process in order to ensure their profits.
Angels: These are generally healthy individual or retire person those have money but not
any option to invest them. They invest their money in small firm which run or operated by other
person. They are leaders in their area and field, so that they contribute their experience and
contact network with company.
Business incubators: This type of investor generally focus on high tech sector before
investing their money. They are local economic development incubators which are focus on
hosting and sharing services, creating jobs, revitalization and many more. This kind of person
invite future businesses in order to share their premises, administrative, technical resources and
logistic etc.
I have use these all type of fund resources to run by whole my business activities in an
effective manner. Business incubators and angel investor both are more appropriate for my
business, so that lot of portion of my loan are full fill by these two. Venture capitalist has want to
more return in their investment, but my company is new and I want money to stablish them at
market place. I am not able to provide high interest of loan, so that is why, very little part of my
fund are taken form venture capitalist.
Furthermore, I have notice that company needs to identify different barriers which might
be occurred at workplace while running business entity such as; culture problem, language,
changes in trends, different choice or preferences and so on. It means, according to me an
organization needs to design corrective strategy or schemes as per consumer demand by
considering relevant facts or figures like analysis of client choice. Along with this, managers of
an enterprise need to conduct various programmes or sessions for encouraging employees
towards their personal or professional goals in a defined time frame by attaining organizational
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targets. I thought that growth of corporations is not an easy task due to availability of maximum
task and activities as well as governing bodies are playing a major role in facilitating various
types of organizations in various manner like; funds at the time of need. It means, management
of a company needs to acquire different strategies by fulfilling customers demands and requires
to consider every aspect such as; barriers, strategies, plans, choice or preferences of societal
group, products offered by competitors and so on. Last but not the least I am trying to understand
the techniques which is adopted by start ups and small firms while running their business entity
at marketplace.
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REFERENCES
Books and Journals
Jones, C., 2010. Entrepreneurship education: revisiting our role and its purpose. Journal of Small
Business and Enterprise Development. 17(4), pp.500-513.
Draycott, M.C., Rae, D. and Vause, K., 2011. The assessment of enterprise education in the
secondary education sector: A new approach?. Education+ training, 53(8/9), pp.673-
691.
Mills, C. and Pawson, K., 2012. Integrating motivation, risk-taking and self-identity: A typology
of ICT enterprise development narratives. International Small Business Journal, 30(5),
pp.584-606.
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