Assignment Example | Topics and Well Written Essays - 1000 words

Assignment Example in that location ar certain numbers of characteristics that atomic number 18 involved with the effectiveness of entrepreneurs, such as self confidence, maven of ownership, continuous learning skills, communication abilities, goal and system oriented cognitive skills, and dedication towards the objectives with an optimistic closure of view among others. According to the concept of Peter Drucker, entrepreneur can be regarded as the person who basically looks for changes and attempts taking appropriate actions on it developing those changes as a prospect of growth and success (Marks and Hunter, 2011). Among the non-homogeneous notable entrepreneurs of this era, Lord Alan Sugar has been one. Born in the not so famed East London, he rose up to the occasion to be a member at House of Commons and to hire 89th place in Sunday Times Rich List of 2011. Amstrad has been his most successful venture. The paper on entrepreneurship should also mention about the consummate (a) group Chairman Richard Brasnon, the 4th richest person of UK. Virgin Megastores, Virgin Atlantic Airways, Virgin Mobile and the expanded Virgin Records are few of his successful ventures. 1.2. Critically esteem Entrepreneurialism as an Agent of Change in Both Public and Private health and Social kick Sector. In the modern day context of healthcare and social organizations, the entrepreneurs are highly inclined towards gaining increase revenue or profit for the organization. However, social enterprises, now-a-days, entail with certain significant attributes related to the governmental humans policies. The enterprises of the globalised world focusing on a developed entrepreneurship are different from traditional and socio-economic approaches which motivated the European countries to adopt developed legal frameworks. The contemporary scenario of the healthcare organizations is highly required to be conscious with regards to the environmental changes and implement suitable plan s and strategies for the organization concentrated on its social benefits. Significant plans along with the appropriate strategies are more effective for the organization to put up internal strengths along with external opportunities taking into reckon the surmounting peripheral threats as thoroughly as interior weaknesses possessed by the concern. For instance, in the context of health and social care divisions of UK, it has been observed that the current circumstances have perpetually increased the requirements for more economic and cost control strategies. The reasons behind such inclination relate with the reduction in governments financial support to the sector, involvement of private firms as well as expansion of National Health Service (NHS) (Department of Health, 2009). Therefore, in the modern phenomenon, the UK based healthcare organisations within the private sector as well as public sector continue to strive for achieving the competitive advantages through cost-limita tion and growth sustainability. The strategic decisions are the crucial factors which can encompass a long term effect on the prospects of an organization with regards to its employ of the resources,