Business Article assignment Example | Topics and Well Written Essays - 750 words

Business Article - appointee ExampleA research conducted by professionals from the University of Cambridge in 2008 aimed to determine the risky decision-making abilities of entrepreneurs and corporate managers with similar IQs and generate levels using a battery of neurocognitive tests (Mehta, par. 4). The results of the study indicate that the greater preponderance for risk taking activities of entrepreneurs were twain traced from behavioral and physiological factors that affect their decision making processes. As averred the entrepreneurs not only scored higher on in the flesh(predicate)ity tests that measure impulsivity and flexibility they also experienced a chemical response in the reward center of the brain that the managers did not (Mehta, par. 4). Concurrently, Mehta stipulated guidelines for potential entrepreneurs in terms of socializing with other entrepreneurs, conditioning oneself for subaltern successes, having faith and determination, and seeking a partner who wo uld complement lacking skills, abilities, and knowledge that is not present in ones personal arena. Relation of Topic to Discussion The topic is significantly related to the kinfolk discussion on dispirited businesses and entrepreneurship. More and more global organizations defend struggled to grow from roots that were place as small business ventures or from sheer innovative vision and strategies implemented by entrepreneurs. The oblige is relevant in terms of accepting the risk taking characteristics of entrepreneurs to identify unique opportunities in the out-of-door environment, which could initially be posed as a threat, but would eventually be converted into a privilege to create jobs and provide financial success to the entrepreneur and to the stakeholders who would benefit from the venture. As shown in the index finger point presentation as Chapter 7 Small Business and Entrepreneurship, entrepreneurs are a distinct compensate of professionals who are predominantly ri sk takers and are willing to invest time, money and effort for potential ventures that could be successful or could ultimately fail. The thought provoking insight on famous entrepreneurs could inspire draw a bead on ones into trying their luck in diverse business opportunities. The experiences of Ray Kroc, McDonalds founder and Steve Jobs, founder of orchard apple tree computers, have attested that entrepreneurs drive and determination do not die with past failures. Further, the entrepreneurial nerve that highlight extraordinary skills, talents and abilities of these individuals stir innovation by means of technological breakthroughs, use of cross functional teams, enforce strategies that enhance strengths and competitive advantage in their chosen fields of endeavor. Personal Comments Ones personal contention on the topic of small businesses and entrepreneurship is the focus on distinct characteristics of entrepreneurs as drivers of businesses and new ventures. Entrepreneurs have keen business acumen and are unique in terms of the extremely high appetency to achieve. People like Donald Trump, Bill Gates, aside from those mentioned in class, have been instrumental in revolutionizing their business quoin through innate desire to uplift the welfare of mankind. From what one has learned through research and through observing entrepreneurial talent, the innate desire and drive to discover something new that could be of benefit to a greater number of people have been most instrumental to their success. As learned from the class module, small businesses