HR outsourcing services: a solution for small business.
The Human Resources (HR) department is crucial for both the management and development of employees in any kind of organization, including small businesses. Having an HR position in your small company helps achieve peak performance. Generally, most businesses start small and eventually grow, but what really helps them survive and prosper are many factors, and […]
Social Entepreneurship
Social entrepreneurship is closely related to welfare because social welfare emerges when creativity, innovation, and entrepreneurship are developed together… creating a ‘cluster of value’ that appears when several value chains are bundled together, thus resulting in increased employment. Social entrepreneurship is all about recognizing social problems and achieving a social change by employing entrepreneurial principles, […]
The Power of “Creative Destruction” in Entrepreneurship
The concept of creative destruction originates as early as the era of Karl Max ( Das Kapital, 1863) and Nikolai Kondratiev (The Major Economic cycles, 1925). These concepts were later refined by an Austrian economist, Joseph Schumpeter, who in 1942 wrote a book named “Capitalism, Socialism, and Democracy.” In his book he wrote: “Capitalism is […]
The Entrepreneur’s Mantra
Starting your own business is like raising a child. First, you have to invest yourself, your time, your undivided attention, and all of your money. You must take care of it, while expecting nothing in return. But when it starts to blossom, it makes all the patience and hard work worthwhile. It’s the same in […]
Social entrepreneurship: Advantages vs. Disadvantages
Social entrepreneurship is all about recognizing social problems and achieving a social change by employing entrepreneurial principles, processes, and operations. It is about using research to completely define a particular social problem and then organizing, creating, and managing a social venture to attain the desired change. The change may or may not include a thorough […]