Contemporary Issues in Entrepreneurship: Supply Chain Report

This report analyzes an article focusing on the interconnectedness of entrepreneurship, supply chain management, and sustainability. It examines how supply chain management influences an enterprise's ability to deliver goods and services, emphasizing responsiveness and efficiency as key performance indicators. The report highlights the significance of innovation in enhancing product value and supply chain performance, using Toyota's approach as an example. It delves into the challenges entrepreneurs face concerning sustainability, particularly the scarcity and use of non-renewable resources, and advocates for the adoption of renewable resources and the principles of reduce, reuse, and recycle. The ethical dilemmas entrepreneurs encounter, such as balancing sustainability with supply chain performance, are discussed. The report emphasizes the importance of explicit knowledge and innovation in achieving effective supply chain management, while also acknowledging a limitation in the article's failure to provide specific strategies for controlling resource depletion. The conclusion summarizes the article's insights, evaluating its strengths and weaknesses in addressing sustainability and innovation for entrepreneurs.

Contemporary Issues in
Entrepreneurship and
Innovation

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
CONCLUSION................................................................................................................................2
REFERENCES................................................................................................................................3

INTRODUCTION
Entrepreneurship and innovation are key aspects which are interrelated to each other. The
report will outline the aspects of Articles which are focused on Supply chain and wicked
problem that is sustainability. It will analyze the inter link between supply chain management
and sustainability for entrepreneur.
MAIN BODY
The main purpose of the article is to analyze the importance of supply chain management
in order to deal with Wicked problems faced by Entrepreneurs that is sustainability. In
accordance to article supply chain management is the ability of Enterprise to deliver goods and
services to customers for final use. Further, its states that there are two always of determining the
performance of supply chain performance in which one is responsiveness and other is efficiency.
Responsiveness is the capability of business to serve customers satisfaction by delivering goods
and services according to requirement whereas efficiency is to serve customer satisfaction
keeping in mind the profits and cost effectiveness of products and services. Moreover, in
accordance article, innovation ins necessary in order to improve the values of products and
performance of supply chain. The article denoted the example of Toyota in which it stated that
the supply chain management process of Toyota as it has its own advantage the operation of
organisation are divided among small voluntary groups, learning team, internal promotion and
demotion of employees according to their working efficient and consulting division. The
appropriate classification by management provides the company in establishing systematic
functioning and assists in gaining advantage over sustainability. Thus, the article is focused on
the tactical knowledge which assist the firms in performing efficiently and effectively.
Sustainability is wicked problems for the entrepreneurs arise due to various reason such
as, innovation, satisfaction of stakeholders, such as, customers, suppliers and shareholders and
many more. The fact which give arise to wicked problems is the use of and scarcity of non
renewable resources. There is not idea when the entrepreneurs faces the shortage of these the
resources and suffers the loss. Consumption of these resources is not sustainable of the company
and for environment therefore in accordance to article it is important for the enterprise to make
used of renewable resources and cycle of Reuse, reduce and recycle. Moreover, the key point of
Article which give birth to problems is inefficient use of resources which are leading depletion
and even causing harm to environment. The ethical dilemma for the entrepreneurs of true and
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false in situation like, whether to focus on maintaining sustainability or to focus on maintaining
the performance of Supply chain is the critical point. The author argued that sustainability
demands innovation in system and functions of organisation as it focused use of environmental
friendly resources. Apart from this, the scholar argues that it is important for the entrepreneur to
have explicit knowledge about the process and resource in order to establish effective and
efficient supply management performance.
The most interesting idea of article is the use of renewable resources in organisation for
innovation which aims at protecting environment. The idea is amazing as it aims at protecting the
depletion of natural resources. Further, this will promote the innovation in supply chain
management process which will assist the organisation in making optimum utilization of
resources. Apart from the idea of article that, New knowledge has its own strategic value which
makes significant possible source of obstacle to accomplish knowledge creation. To improve
functioning.
The limitation in this Article is that it does not provide any idea to control and the
depletion of resources in order to maintain the sustainability of environment. Further, it is
important for the organisation to make less use of natural resources in order to control depletion
which is described in article but the author did not mention the approach which can assist the
entrepreneurs in controlling use of non renewable resources which can be Reduce, Reuse and
recycle. And making optimum utilization of resources in order to decrease the problems of
scarcity.
CONCLUSION
The report summarized the article which depicted the appropriate knowledge over supply
chain and its wicked problem that is sustainability. It analysed the factors on which the
performance of supply chain management is judged which are responsiveness and efficiency.
Further, it outlined the wicked problems and recommendation to resolve the issue of
sustainability which by controlling the use of natural resources. Thus, the report concluded by
evaluating one key weakness of Article which was the idea to control utilisation of resources
which assist in maintaining innovation and sustainability for entrepreneur.
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REFERENCES
Transformational supply chains and the ‘wicked problem’ of sustainability: aligning knowledge,
innovation, entrepreneurship, and leadership 2009. [Online]. Available through:
<http://www.wageningenacademic.com/doi/pdf/10.3920/JCNS2009.x178>.
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