Entrepreneurship Essay Example | Topics and Well Written Essays - 2000 words - 9

Entrepreneurship - Essay Example The current project will also explain the sales strategies as well as give an outline of the initial financial projections. With growing impact of globalisation, the role of entrepreneurship has gained higher importance in a country’s economy. Entrepreneurship is no more limited to a particular segment or section of business; in reality, it has spread across all the business areas in an economy. Entrepreneurs are increasingly entering in B2B, B2G (business to government) and B2C (business to consumer) sectors. With growing involvement of entrepreneurs, the competitive level of these sectors has improved substantially, resulting in better services for consumers (Audretsch, Keilbach and Lehmann, 2006). From a buyers’ perspective, a buyer can be of two types: final consumer and those who buy for future sale. In B2B activities, the buyer is not the final consumer. In this sector, commercial transaction takes place between two or more businesses such as, transaction between manufacturer and distributor, distributor and whole seller and distributor and retailers. B2B transactions are comparatively higher in volume than that of B2G and B2C, which is why scope of earning profit in this sector is also greater for entrepreneurs (Bussler, 2003). In present day scenario, hospitality industry is growing at the fastest pace as demand for service sector is outperforming that of manufacturing industry. Service sector not only delivers profitable growth, but also help to develop better-quality strategic positioning of the company (Getz and Petersen, 2005). The paper is about setting up recruitment consultancy for catering to needs of the hospitality industry in London. The term entrepreneur is derived from a French term ‘enteprendere’, which means to undertake. In a broader sense, an entrepreneur is any person who initiates a business or activity, gathers resources related to it, arranges funds for the venture, takes in

The Business of Ethics and Corporate Social Responsibility Essay

The Business of Ethics and Corporate Social Responsibility - Essay Example Business of ethics and corporate social responsibility focus on issues concerned with morality. They focus on the issues that cover business activities fully such as reducing pollution, exploiting raw materials responsibly, frauds in the corporation and even fair payment. The relationship between business and ethics is complex and it incorporate approaches such as individual choices on what is right and wrong. This is where the individual’s decision is put on consideration. It also incorporate the values of what is bad and right involved in the business premises. In every business, they have their own way of doing things and offering services to their customers. This is where there are customs, beliefs and culture created which the employees follow as they handle their customers. The codes of conduct within organizations vary by many ways. Some societies may accept use of bribes while in others it condemned thus due to this the codes of conduct vary. We also find that some countries are prone to corruption thus when a business is situated in that country they tend to follow the norms. Due to these variations in social norms, individual values and cultures of the society in which the business is situated, it is the function of business ethics to standardize all. It ensures that the good moral conducts are followed thus contributing to the success of the business. As seen earlier the corporate social responsibility outlines the ethical concerns in a business by showing the groups to which it is responsible. It involves putting the business ethics into action. The groups it deals with are the stakeholders and the environment of the firm. These include the employees, suppliers, customers, the community, shareholders the government and the society. The relationship between the business and these groups should be conducted morally and