Enteprenuership and Organizational Behavior Essay

Enteprenuership and Organizational Behavior - Essay Example This study therefore seeks to establish adequate principles and approaches needed to accomplish the relevant ambitious trends. Systematically Analyse the Concept of Entrepreneurialism The entrepreneur is an individual or group who is keen to abide by the risks of organising, operating as well as assuming the possibilities for a business venture in order to build capital either through profits (in case of profit earning organisations/companies) or through funds (in case of non-profit institutions). From a generalised perspective, entrepreneurialism can be denoted as one of the effective entrepreneurial cultures deliberately contributing towards various social development activities. Entrepreneurship today is extensively involved with the transforming ideas concerning economic growth of a society or a country at large. They are risk takers, who look forward to undertake any challenge or task without any hesitation. There are certain numbers of characteristics that are involved with the effectiveness of entrepreneurs, such as self confidence, sense of ownership, continuous learning skills, communication abilities, goal and system oriented cognitive skills and dedicat ion towards the objectives with an optimistic point of view, among others. Among the various notable entrepreneurs of this era, Lord Alan Sugar has been one. Born in East London, he worked against all odds to be a member at the House of Commons and to hold 89th position in the Sunday Times Rich List of 2011. Amstrad has been his most successful venture. 1.2 Critically Evaluate Entrepreneurialism as an Agent of Change in Both Public and Private Health and Social Care Sector. In the modern day context of healthcare and social organizations, the entrepreneurs are highly inclined towards gaining increased revenue or profit for the organization. However, social enterprises now-a-days entail certain significant attributes related to the governmental public 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 healthcare organizations is necessary to be conscious of the environmental changes, also to implement suitable plans and strategies for the organization, concentrated on its social benefits. Significant plans along with the appropriate strategies are more effective for the organizat