Strayer University
Contemporary Business
Dr. Brian Collins
April 21, 2012
Abstract
The entrepreneurial spirit is an organic part of the business world in the United States and in many other parts of the world as well. t exclusivelyy to our text book, Contemporary Business by Louis E. Boone and David L. Kurtz (2011), entrepreneurship is important because it adds in the buff jobs to our society as well as increasing our capacity to be competitive on a global scale. many an(prenominal) new jobs are added each year due to individuals cookery and starting new business and industries to meet the growing demands of our invariably expanding and evolving society.
Entrepreneurs are risk takers, wiling to roll the dice with their money or reputation on the line in support of an imagination or enterprise. They willingly assume responsibility for the success or failure of a venture and are answerable for all its facet.. The above quote is from passe-partout Kiam, the president and CEO of Remington Products.
Victor Kiam made his fortune through the purchase of Remington, a familiarity that sold electrical razor. after(prenominal) his wife had bought him his first electric razor, he was so impressed with the product that he contumacious to buy the company.
He became famous for purchasing the Remington Company because he created the catch phrase I liked it so much, I bought the company!. Victor Kiam can be considered as clams oriented ordered entrepreneur because his primary goal was to bid electric razor to consumers and make profit which will offer to the success of his company.
A serial entrepreneur starts one business, roleplay it, and then start and run additional businesses in epoch (Boone and Kurtz, 2011). Victor Kiam is a good example of a serial entrepreneur. Kiams first company was Benrus watchmakers which later became luxury accessories. After eight years, he started the Friendship Collection, an American importer of jewelry, antiques and other artifacts from China. Kiam...If you need to get a full essay, order it on our website: Orderessay
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