The Dark Or Bright Side Of Entrepreneurship

Entrepreneurship generally is about creative organizing but with social enterprising this is especially so. Most social ventures cross the boundaries between the private, the public and the non-profit/voluntary sectors. This broad involvement of actors and intertwining of sectors makes the label ÔsocietalÕ entrepreneurship appropriate. Stating the importance of both the local and the broader societal context, the book reports close-up studies from a variety of social ventures. Generic themes include positioning societal entrepreneurship against other images of collective entrepreneurship, critically penetrating its assumptions and practices and proposing ways of promoting societal entrepreneurship more widely. Providing a new conceptual framework and research methodology, this compendium will prove insightful for academic scholars. The basic concepts and illustrative cases/stories will also appeal to students and reflective practitioners.

This essay sheds light on the dark side of entrepreneurship and elucidates how to avoid loosing money as an entrepreneur when growing brands. Moreover, how to alleviate depression as an entrepreneur is delineated in this essay. The dark side of entrepreneurship is often an overlooked topic since it is out-shined by rare entrepreneurial success stories that grossly embellish the life of an entrepreneur. In spite of its merits, entrepreneurial endeavors have a proclivity to go awry and culminate in egregious failures for prospective entrepreneurs. At least 70% of business fail within the company's initial ten year period and cannot stay afloat in the long haul in spite of all the goodwill, brand equity, brand loyalty, and brand recognition they accrued over the years. The crux of the issue lies in prospective entrepreneurs not having the business acumen to be able to consistently grow nor efficaciously run a successful business in the long haul. They simply do not understand that a successful business is all about unalloyed innovation, shrewd marketing, and robust communication with customers. Building a brand as an entrepreneur is an eminently challenging endeavor with no paved road to guaranteed success and does not always culminate in a successful outcome in spite of the entrepreneurs best strategic efforts. Establishing a profitable brand may require tens of thousands of hours of strategically and incessantly working hard seven days a week for decades as you attempt to deliver unprecedented value to the marketplace. Since the job prospects as a future employee are so grim and bleak for college graduates, it seems as though the only viable career prospect in a hyper competitive marketplace is being a full-time entrepreneur. Allocating thousands of hours applying for low paying jobs is an unwarranted, loss of time investment. This is because, the search for a job simply bears an enormous opportunity cost. The precious time squandered on completing meaningless job applications can be otherwise earmarked towards fostering a potentially profitable brand with no earnings cap. Attention is undoubtedly the new currency of the digital era. Millennials emphatically understand the importance of entrepreneurship and brand building to attain wealth from selling product placements, earning royalties, and generating advisement revenue. Moreover, millennial content creators also understand the importance of brand build so that they eventually receive subscription revenue, generate sponsorship revenue, and reap monthly Patreon donations from patrons. In spite of its merits, entrepreneurship is not without its plethora of dire issues. The dark side of entrepreneurship can be multifaceted and usher in a host of issues into the entrepreneur's life. First, entrepreneurship typically involves years of agonizing struggles as you undergo the toils and travails of building a brand from the ground up. Amid this brand growing time period, it is unlikely you will generate any profits. Furthermore, you will essentially be working unpaid which can culminate in you depleting your savings and liquidating any asset you might have just to sustain yourself and keep your brand afloat. Entrepreneurs must be willing to work unpaid to grow their brands and may even go years without receiving a single penny from their brands. Second, your personal life will be comprised and adversely suffer as you consistently pursue your entrepreneurial endeavour. In other words, as you devote the majority of your finite time into growing your brand and a building a prospectively profitable business, you will not only work long hours each day, but will also struggle to maintain relationships. This is because, your life will be dedicated to turning your business profitable as the never ending bills further pile up. This new focus on cultivating a profitable business will overshadow the need to prioritize your relationships with others.

The book provides a thorough analysis of strategy formulation at country and company level in Arab countries and corporations. It also deals with the issue of entrepreneurial initiative in Arab countries and issues actual practice of entrepreneurship. Role of the financial markets, especially venture capital and private equity are examined.

Innovation is not easy. Understanding the liability of newness but the potential for greatness is the central theme of this work. Innovation Renaissance explores and debunks the myths that have arisen from the proliferation of misleading and often confusing popular press treatments of creativity and innovation. Examples include the notion that successful entrepreneurs are winners because they are innovative—whereas creativity and business start-up acumen are not the same, and are rarely paired—or the idea of disruptive technology, which has now become the buzzword equivalent to radical new technology products or services, despite the fact that new technologies tend to offer simple, limited-capability products or services to satisfy overlooked customer demand. The popularity of open innovation has spawned assumptions, like the idea that crowdsourcing will increase the number of truly new ideas—but in fact the more novel these ideas, the less likely they are to be adopted by incumbent firms because they are less familiar. Starting by defining innovation and the theories that have arisen surrounding it, Ettlie considers individual creativity and innovativeness, radical innovation, new products, new services, process innovation, and information technology. There is special emphasis on neglected topics such as the dark side of the innovation process—the unintended consequences of new ventures. Finally, the last chapter of the book summarizes a prescriptive model of the innovation process and attempts to answer the question: what causes innovation? Three major constructs are explored: leadership, enhancing capabilities and integration. This informative and unique text is designed as a resource for postgraduate students, academics, and professionals deeply committed to understanding and working through the innovation process. The book includes an introduction to the subject before moving on to an in-depth study of emerging evidence and topics in the field.

Demystifying the Dark Side of AI in Business delves into the often-overlooked negative aspects of Artificial Intelligence (AI) and its implications for organizations. In an era where AI is rapidly transforming industries and work environments, it is crucial to understand the potential risks and challenges associated with its implementation. Drawing from a wide range of global perspectives, this book brings together articles from leading researchers, academicians, and professionals across disciplines to shed light on the dark side of AI. Through academic rigor and meticulous analysis, the book addresses key topics such as unethical AI implementation, safety risks, negative social impacts, unintended consequences, and legal concerns surrounding AI adoption. This book covers crucial topics such as governance, ethical concerns, safety risks, social impacts, and future perspectives. By illuminating the negative implications of AI, this book paves the way for responsible and informed AI adoption, ensuring a balance between the potential benefits and the inherent risks associated with this transformative technology. Targeting researchers, academicians, professionals, and students with a wide range of interests, this book offers a rich understanding of the theoretical and practical implications of AI. It serves as a valuable resource for management disciplines like human resource management, marketing, financial management, and operations management, enabling readers to grasp the nuances of ai in different organizational contexts.

Entrepreneurial Personality and Small Business Management offers a comprehensive analysis with theoretical and empirical grounding for understanding how entrepreneurial personality shapes small business outcomes. It explores why entrepreneurs act differently when facing similar situations and why some are more successful than others. This book represents an important step towards the development of a more complete understanding of the entrepreneur’s role in a small firm.