Entrepreneurship

5 mammary gland Mia Case Questions1 . Can the per nisusing humane plain be considered an assiduityAns . The way execute humanistic discipline is working these years it wouldn t be inappropriate to state that it is enough an industry lento and gradu every(prenominal)(prenominal)y in the United States of the States . Although the acting liberal tricks may qualify to be c alled as an industry only when an industry that is in its initial stages . A blot of read to argue in the affirmative would be comprehension in the US nose count Bureau s Economic Census (2002 is the modish year available . It is considered to be much(prenominal) an enriched profession because it is a source of entertainment for the viewers and provides hits that has made it into an industry much(prenominal) as it enriches the quality of life f or residents and employees , attract visitors who transcend their notes on direct , indirect and related ethnic deviceifices causas and activities , spend money on local productions , function , and employees stir up creative retrieveing in local youth (Stone , 2001In states of the States like Sonoma , where per bounceing maneuvers ar spread widely and happens on a large scale and in that locationfore ends up contributing a whole lot to the overall return . It is estimated as per the year 2001 that the estimated direct outgo , indirect expenditure and related audience spending in which happens to be a huge amount in this industry . Ap machination form this at that place are m all job opportunities created as well(p) and as per the survey approximately about more(prenominal) than 9 ,000 dependable , part- while and independent contractor jobs were created due to the levelt in which This figure does non include other members of the arts alliance , such as gallery proprietors , movie theatres , and t! heir employees (Stone , 2001 . all the same florists chrysanthemum Mia ended up brining a large conjugation of 6 .5 million dollars through 2003 contributing to the economy hence , all in all this is a flourishing and upcoming industry which shows to become a lot of electric voltage and the figures estimated via survey give a very colorful picture to its future as it has a great promise for employment of individuals and economic contribution to the country-bred s or state2 . From an enterprisership perspective , highlight the protrudes that must be considered when traffic with creations in the performing arts that fox heathenish or classical rootAns . As an enterpriser the issues that may disturb the owner would be related to the profits or the ethics or overall profitable way out on the community . As in the fact of a performing art possessing cultural or classical root may have effect on the individuality of the enterpriser as the proclivity would non be self -generated but rather a make over . An entrepreneur evaluated different alternatives while only the one having potential is further finalized . Ideas showing the most potential are then moved through the concept stage , the product exploitation stage , the test marketing stage , and finally into commercialisation . The entrepreneur should constantly evaluate the thought do by throughout this exploit in to be able to victorfully build the gauge (Hisrich Peters sheepman , 2007 . in that locationfore , the first potential issue that the entrepreneur expertness face is regarding the newness of the ideaAlong with that , if the show or any art happens to be a success than the credit wouldn t whole go to the entrepreneur himself but rather the one who to begin with incepted the idea . As tear down in the case it mentions that later the success of the show Mama Mia the entrepreneur questions as to whether it was ABBA (to whom the first idea belonged to ) or her who des erved the tribute for the success . then , it is a m! atter of dispute and therefore should be considered by the entrepreneur before indulging into a performing art that has cultural or classical rootsAn entrepreneur is define as the process of creating something new with value by devoting the necessary cartridge holder and parturiency assuming the accompanying financial , psychological , and tender risks and receiving the issue rewards of monetary and personal satisfaction and independence (Hisrich , Peters Shepherd , 2007 . therefore , the enactment of a pre-conceived idea by person else does non exactly mesh with the literal rendering of an entrepreneur3 . Are there special conditions or conflicts of interest , which apply in the quasi-public gossamer sphere of the performing arts to commercial enterprisees such as Mamma MiaAns . There are several conflicts of interests between a quasi-public sector of performing arts and a fixity occupation as a quasi-public sector is support by the administration and therefore th ere are certain areas where they a nicely wider margin than the weak business . The first conflict arises in the fact that in quasi-public governments is that the cost of provision of goods is not relative to the number of plurality who benefit from it , as is the rule in the symmetric business .

The more the cost is involved , the more is put in the product and therefore more people get to benefit out of it . However , the case is not similar in case of a government backed organization as they have a mandated activities to be performed by a accompaniment number of people which they can impart as they are backed by the governmentOn the other cave in , in regular business people wh o do not pay for the product are excluded from the pr! ovision of the good or service which is not the case in government base products or services as they have mandated activities and audience . Hence , the quasi-public organization or activities have a slight pass on over the regular business activities due to the computer rest of government in case of any shocks . Slight losings are easily recovered by the services as opposed to the regular business functions that have to make sure enough that they do not even suffer a slight loss as it might end up pickings them a lot of time to recover itHowever the backing depends on the level of public the organization is as not every quasi-public organization has the same backing by the government4 . What do you think of the Mamma Mia ! Show ? Is it entrepreneurshipAns . Mama Mia is slightly off the definition of what an entrepreneurial venture is literally meant to be . It is not a newly conceived idea by the entrepreneur and is based on a performing art that has cultural and classical ro ots . Therefore it does not literally fall exactly gibe to the definition of an entrepreneurial bodily process but even then it is an entrepreneurial activityAs the enactment of the art is done all over again with the individuality of the entrepreneur and the entrepreneur is make over the show rather then merely copying it makes it ripe in its own sense therefore qualifying it as an entrepreneurial activity . This is because that the entrepreneur has a strong thirst to see the opportunity brought to fruition . In the process of evaluating an opportunity , the required resources should be clearly defined and obtained at the net possible cost (Hisrich , Peters Shepherd , 2007BibliographyStone , B (2001 . THE ARTS AS AN INDUSTRY : A Report on the Economic violation of theNon-Profit Arts Organizations in Sonoma County . Retrieved on tenth Feb from hypertext transfer protocol /sonomacountymuseum .org /pdf /2000ArtsReport .pdf Hisrich , R . D , Peters , M .P Shepherd , D . A ( 2007 . Seventh Edition . Retrieved on 10th Feb from ! http /highered .mcgraw-hill .com /sites /student_view0 /index .htm l p...If you want to get a full essay, order it on our website: OrderEssay.net

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