Case Study Henry Ford And Oprah Winfrey

CASE STUDY 1: Henry fording A Great Innovator Question 1: Identify and respect the qualities that dispose an entrepreneur and a leader. Leadership is the use of non-coercive beguile to stipulation the goals of a group or organization, to motivate behaviour toward stretchiness those goals and to help determine the group or organisational last (Yukl, 2005)1. Leaders establish direction by developing a vision of the future; then they align plurality by communicating this vision and inspiring them to over catch off hurdles. They are relies much than on personal office staff and focuses more on penury and communication. Entrepreneurship is a process of initiating a business venture, organizing the necessary resources and expect the associated risks and rewards (Kuratko and Hod knowts, 1998)2. Entrepreneurs are actually leaders of innovation and change. They inspire themselves to come out viable ideas for vernal business, products or services. Most of the era, they leave alone make determination and assembling all necessary resources to tackle the business venture. Entrepreneurs are decisive, they take risks and they act impulsively on gut feelings. They come upon the risks and reap the rewards or profits of the business.

For Ford case, he was in dilemma as to whether to choose the frolic of General superintendent in EIC or accepting an adduce from DAC as mechanically skillful superintendent to fulfil his dream on gas engine. And its not stopping there, he to a fault pass taken so many risks on commit specie and resources on innovating new c ar models and keep innovating from time to t! ime. successful entrepreneurs have an unwaivering, total belief in them and neer part with anyone or anything to dispel that belief. They have the capacity to limit seat after bankruptcy. Like Ford, he faced failure doubly as a businessman and this failure never daunt him. As what he said we learn more from our failures than from our successes. He is persistent and able to endure rejection and set backs....If you inadequacy to get a full essay, order it on our website: BestEssayCheap.com

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