BUS6120 MODULE 1 - Copy (19)

docx

School

Nexford University *

*We aren’t endorsed by this school

Course

6120

Subject

Business

Date

Nov 24, 2024

Type

docx

Pages

4

Uploaded by SuperHumanUniverse13382

Report
SELF-ASSESSMENT As a consequence, my horizontal surpasses the vertical span, indicating my status as an entrepreneur. I concur with the outcome since it accurately aligns with my own identity as an entrepreneur, a role I have consistently aspired to embody. The accomplishments I have attained thus far provide as compelling evidence of my entrepreneurial aptitude. During my tenure as a medical intern, I founded Health Gist and Medicare International, a healthcare enterprise. My aspiration to witness the expansion of the firm motivated my decision to enroll in Nexford University. Considering this, I will be utilizing the business in that capacity. Developing a platform such as "Health Gist & Medicare International" (www.healthgist.net) has the potential to be a commendable undertaking in pursuit of various objectives. The primary emphasis of the platform was on delivering precise and current information pertaining to a range of health subjects, including medical procedures, preventative measures, healthy lifestyles, and other related topics. Subsequently, the range of services was broadened to include the provision of teleconsultation and medical examination services at accessible rates. The implementation of this comprehensive method holds promise in tackling the pressing problem of limited healthcare information and services in several regions of Africa, commencing with Nigeria and then extending to Ghana. Health Gist & Medicare International (HGMI), accessible via www.healthgist.net, makes a significant and valuable contribution to the worldwide healthcare sector. The primary emphasis of the platform on delivering precise and up-to-date health information has significant importance, as the availability of trustworthy medical knowledge serves as a fundamental pillar in advancing health literacy and enabling consumers to make well- informed choices regarding their overall health. The comprehensive methodology employed by Health Gist & Medicare International possesses the capacity to enhance health outcomes through the dual means of dispensing information and enabling direct engagement with healthcare practitioners. Moreover, placing emphasis on preventative interventions and promoting healthy lifestyles is in line with the concept of proactive health management, which has the potential to yield enduring advantages for both individuals and communities. As an individual engaged in entrepreneurial pursuits, it is imperative for me to enhance my aptitude in innovation and self-reliance. Creativity and self-sufficiency are fundamental attributes that play a pivotal role in the achievement of entrepreneurial success. The synergy between these skills can significantly augment my capacity to create, adapt, and excel inside the realm of business. The impact of creativity and self-sufficiency on entrepreneurship can be summarized as follows:
CREATIVITY One definition of creativity is "the capacity to produce original ideas that can be put to beneficial use." The creative spirit bears a disproportionate amount of responsibility for the success or failure of an entrepreneur's endeavors. To be successful in this endeavor, one must think in ways that are not common, come up with original ideas, and recognize opportunities that may be overlooked by other people. Complexity in the nature of the problems that need to be solved is par for the course in the world of entrepreneurship. The ability to think creatively lays the way for the development of unique solutions and the effective handling of challenges. [Creative thinking] is a prerequisite for creative problem solving. Entrepreneurs play an essential part in the process of cultivating a creative corporate culture (Cook 1998; Fillis 2002; Fillis and Rentschler 2006; Ward 2004), and other authors have emphasized the importance of creative thinking to the achievement of goals set by new businesses (Kao, 1989; Matthews, 2007). Differentiation: In order for a business to differentiate itself in a competitive market, it must implement strategies that are not only original but also successful. When it comes to competing with other companies, a company can establish a distinct and advantageous position for itself through the utilization of innovative branding strategies, smart marketing approaches, and efficient product development activities. These are the three pillars of an effective marketing strategy. SELF-SUFFICIENCY Startup businesses typically face severe limitations in terms of available resources, making self-sufficiency a vital facet of resource management. The concept of self-sufficiency comprises the skillful administration of one's resources, embracing both financial and human components. Adaptability is a vital attribute for entrepreneurs as it helps them to successfully respond to changing conditions and make essential adjustments in their business strategy. When people are in a position of self-sufficiency, they are able to solve problems and adjust to new circumstances with little to no outside help. Self-sufficiency, or decreasing reliance on outside sources of cash, is the path to financial security. Being self- sufficient grants its possessor more say over the course their business takes.
REFERENCES Cook, P. (1998). The creativity advantage—Is your organization the leader of the pack? Industrial and Commercial Training, 30(5), 179–184. Fillis, I. (2002). An Andalusian dog or a rising star: Creativity and the marketing/entrepreneurship interface. Journal of Marketing Management, 18(3/4), 379–395. Fillis, I., & Rentschler, R. (2006). Creative marketing: An extended metaphor for marketing in a new age. Basing stoke: Palgrave Macmillan. Kao, J. J. (1989). Entrepreneurship, creativity and organization. New Jersey, NJ: Prentice-Hall. Matthews, J. H. (2007). Creativity and entrepreneurship: Potential partners or distant cousins? In R. Chapman (Ed.), Managing our intellectual and social capital: Proceedings of 21st ANZAM 2007 conference (pp. 1–17). Sydney: ANZAM. Ward, T. B. (2004). Cognition, creativity, and entrepreneurship. Journal of Business Venturing, 19(2), 173–188. Other authors emphasize that creativity is fundamental for new venture competitiveness (Bridge et al. 2003 ; Carson et al. 1995 ; Kao 1989 ; Matthews 2007 ), with the entrepreneur having a central role in developing and maintaining a creative organizational culture (Ahlin et al. 2013 ; Cook 1998 ; Fillis 2002 ; Fillis and Rentschler 2006 ; Ward 2004 ). Other authors emphasize that creativity is fundamental for new venture competitiveness (Bridge et al. 2003 ; Carson et al. 1995 ; Kao 1989 ; Matthews 2007 ), with the entrepreneur having a central role in developing and maintaining a creative organizational culture (Ahlin et al. 2013 ; Cook 1998 ; Fillis 2002 ; Fillis and Rentschler 2006 ; Ward 2004 ). Other authors emphasize that creativity is fundamental for new venture competitiveness (Bridge et al. 2003 ; Carson et al. 1995 ; Kao 1989 ; Matthews 2007 ), with the entrepreneur having a central role in developing and maintaining a creative organizational culture (Ahlin et al. 2013 ; Cook 1998 ; Fillis 2002 ; Fillis and
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
Rentschler 2006 ; Ward 2004 ).