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Pages:
2 pages/≈550 words
Sources:
3 Sources
Level:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 10.53
Topic:

Organizational Emergence: Business Start-up Issues Management Essay (Essay Sample)

Instructions:

THE TASK IS ABOUT THE CRITICAL BUSINESS START-UP ISSUES THAT HINDER SUCCESSFUL EMERGENCE OF NEW VENTURES. THE SAMPLE PAPER IDENTIFIES SOME VITAL ISSUES SUCH AS POOR BUSINESS MANAGEMENT, POOR FINANCIAL PLANNING, AND BUSINESS PLANNING.

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Content:


Organizational Emergence: Business Start-Up Issues
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Organizational Emergence: Business Start-Up Issues
Organizational emergence refers to a critical entrepreneurship process involving various activities, such as resource mobilization, acquiring finances, hiring employees, and production. Such business processes are crucial for start-ups to thrive, especially in their quest to gain stakeholders' trust. They also enable emerging firms to develop unique brands among targeted customers to achieve a sustainable competitive edge. Often, business start-ups striving to establish strong brands encounter many challenges that can lead to failure if undermined. Although most entrepreneurs tend to underrate fundamental start-up issues, including poor management, poor business planning, and poor financial planning, they hinder successful organizational emergence, prompting premature crumble of new ventures.
According to Reynolds (2016), poor management is a fundamental impediment to the successful emergence of business start-ups. Most managers usually lack the experience necessary to make critical decisions that could lead to notable accomplishments since they are unaware of the business weaknesses, threats, potentials, and strengths. Inexperienced business leaders also make uninformed decisions because of reluctance to take responsibilities and provide innovative solutions to problems that need active leadership attribute regarding influence and delegation. Rather than acknowledging the importance of developing long-term strategies, staff motivation, and setting clear, attainable objectives, the management of most new ventures focuses more on maximizing profits. Dysfunctional leadership curtails productivity due to its adverse impact on business planning, communication, financial management, and employee motivation. Even with appropriate business models and adequate finance, new ventures are bound to collapse if they lack effective management to establish proper strategies that could steer the successful enterprise to prosperity.

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