Entrepreneurs: Strategic Thinkers In Search Of Opportunities

The purpose of this paper is to explore a perspective concerning the creation of new business ventures, in which the emphasis is on entrepreneurs’ strategic thinking skills as well as their perceptions of market opportunities. The paper postulates that strategic thinking is typically the triggering mechanism for decisions to found new ventures. A host of factors constitute the ingredients for the strategic thinking process that lead to decisions

Case Study: Desert Storm And The Entrepreneurial Spirit

This case is appropriate for any college level entrepreneurial class.  The purpose of this case study is to explore the business experience of an Iraqi entrepreneur, and share it with the community of entrepreneurs worldwide. The paper traces the journey of Mr. Sammy Awad, the entrepreneur, from the 1991 Gulf war to the fall of Baghdad to Coalition Forces in 2003. The Gulf war caused widespread devastation to the Iraqi economy, and large scale unemployment. On the other hand, the war created lucrative market opportunities for entrepreneurs, including Mr. Awad who, in a few years time was capable of moving from being a conscript in the Iraqi armed forces with a trivial salary, to a taxicab driver, and finally to an owner of a fleet of taxicabs. His stamina, determination, and foresight make him a role model for young entrepreneurs around the world

A journey to entrepreneurship: Converting a dream into reality - A case study

Abstract. Owning one’s own business is the realization of the dreams of many ambitious young men and women. However, business ownership has its rewards and challenges. The rewards are often financial and non-financial. It is one of the best means of wealth creation, but it can be a big disappointment and could have disastrous consequences if the entrepreneur chooses the wrong product/service, does not prepare a complete and realistic business plan, or is not adequately prepared to react to unanticipated difficulties and challenges. The subject in this case, Uchechi Tatsa, is contemplating starting an import business, and trying to prepare the necessary plans that would be appealing enough to a venture capital firm to provide needed seed money.  Thus, this case focuses on the planning phase in entrepreneurships, and the ability of a young entrepreneur, with no prior business experience, to create and run a new venture. It is written for potential entrepreneurs and students in Entrepreneurship and introductory business classes.Keywords. Entrepreneurship, The business plan, The business concept, Venture capital, Profit margin, Return on investment (ROI).JEL. F23, G18, G38