teodorass – smartrliving

HR outsourcing services: a solution for small business.

September 1, 2019September 1, 2019 teodorass

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 one of them is managing people by using modern HR practices. Unfortunately, with a focus on providing salaries and maximizing performance, small entrepreneurship ventures are more likely to neglect the importance of HR. Much research…

Social Entepreneurship

August 27, 2019August 27, 2019 teodorass

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, processes, and operations. It is also, about performing 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…

The Power of “Creative Destruction” in Entrepreneurship

August 20, 2019August 27, 2019 teodorass

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 by nature a form or method of economic change and not only never is, but never can be stationary. The fundamental impulse that sets and keeps the capitalist engine in motion comes from the new…

The Entrepreneur’s Mantra

August 8, 2019August 27, 2019 teodorass

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 the business world. So, how do you begin? For starters, you should highlight this… there is an entrepreneur inside everyone of us! There is a consumers’ market out there that is waiting for you to…

Social entrepreneurship: Advantages vs. Disadvantages

June 4, 2019August 27, 2019 teodorass

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 elimination of a social problem, rather, it may be a lifetime process focusing on the improvement of existing circumstances. There are numerous organizations like this operating worldwide known as social enterprises. A social enterprise is…