Entrepreneurship in itself is a process that requires careful attention to the important aspects that can guarantee the cusses of the particular initiatives that has been started. O’ Reilly & Tushman (2004), have emphasized in their research that the entrepreneur has a big part to play in the success of the business enterprise that he initiates. In this case, exploration of the particular business environment is important for the success of the business enterprise he initiates, thus underlying the need for effective environmental exploration. George, Chattopadhyay, Sitkin& Barden (2006), in their research have also pointed out that entrepreneurship is a long process that requires people engaging it to be determined to push their enterprises to success.
In this case, adaptation to various environments is important in the process of understanding the main requirements for the selected business enterprise. Gibson& Birkinshaw (2004), in their research, explain that failure to pay attention to the fundamentals of effective entrepreneurship process. Businesses are developed with the aim of meeting their set objectives and goals both at present an in the future. In this case, business managers have to ensure that they devise strategies that can help them exploit the opportunities discovered in their environment.
By so doing, they need to ensure that they create competitive advantages and market competition, bearing in mind that other people also have similar or related businesses and want the same market share in the environment. The business growth and development process involve various processes and tasks that generally aim at creating and implementing the growth opportunities in the business. However, on one of the most important things to realize is that most often, the business owner or manager must have the bigger picture in his mind (Oviatt& McDougall, 1994). ).
He has to understand and identify all the different fields that are vital to the success of that business and devise strategies on how to network and link them effectively.
Please type your essay title, choose your document type, enter your email and we send you essay samples