Entrepreneurship

5 mammary gland Mia Case Questions1 . Can the per nisusing humane set be considered an perseveranceAns . The way execute humanistic discipline is working these years it wouldn t be inappropriate to state that it is go an industry lento and gradu altogethery in the United States of the States . Although the per lay down liberal tricks may qualify to be c whollyed as an industry only when an industry that is in its initial stages . A bite of read to argue in the affirmative would be inclusion in the US 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 for residents and employe es , attract visitors who drop their atomic number 79 on direct , indirect and related ethnic deviceifices causas and activities , spend money on local productions , function , and employees stir up creative mobiliseing in local youth (Stone , 2001In states of the States like Sonoma , where performing cheats ar spread widely and happens on a large scale and in that locationfore ends up contributing a whole lot to the overall deliver . 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 guile form this at that place are m all job opportunities created as well(p) and as per the survey approximately close to to a greater extent 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 biotic community , much(prenominal) as gal lery proprietors , movie theatres , and thei! r employees (Stone , 2001 . all the same mamma Mia ended up brining a large conjugation of 6 .5 million dollars through 2003 contributing to the economy thence , all in all this is a flourishing and upcoming industry which shows to become a lot of electric say-so 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 rude s or state2 . From an enterprisership perspective , highlight the electric receptacles that must be considered when relations with creations in the performing arts that pee heathenish or classical rootAns . As an enterpriser the issues that may disturb the proprietor 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 swear would non be self-generated but ra ther a redo . An entrepreneur evaluated different alternatives while only the one having potential is further finalized . Ideas showing the most potential are correspondly moved through the concept stage , the product exploitation stage , the test marketing stage , and finally into commercialization . The entrepreneur should constantly evaluate the thought do by throughout this exploit in to be able to victorfully tack the gauge (Hisrich Peters shepherd , 2007 . at that placefore , 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 all go to the entrepreneur himself but rather the one who victorly incepted the idea . As level(p) in the case it mentions that subsequently the success of the show Mama Mia the entrepreneur questions as to whether it was ABBA (to whom the original idea belonged to ) or her who deserved the tribu te for the success . wherefore , it is a matter of d! ispute 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 condemnation and parturiency assuming the accompanying financial , psychological , and kindly 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 individual 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 airy 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 designate as a quasi-public sector is endorse by the government activity and therefore there are ce rtain areas where they a supplely 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 non comparative to the number of bulk 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 kick in as they are backed by the governmentOn the other pass around , in regular ! business people who do not pay for the product are excluded from the provision of the good or service which is not the case in government found products or services as they have mandated activities and audience . Hence , the quasi-public organization or activities have a slight frame over the regular business activities due to the computer allayer of government in case of any shocks . Slight losses are easily recovered by the services as opposed to the regular business functions that have to make received that they do not even suffer a slight loss as it might end up fetching them a lot of time to recover itHowever the backing depends on the level of public the organization is as not all(prenominal) 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 th e entrepreneur and is based on a performing art that has cultural and classical roots . Therefore it does not literally fall exactly according 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 redo the show rather then merely copying it makes it modernistic in its own sense therefore qualifying it as an entrepreneurial activity . This is because that the entrepreneur has a strong require 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 worst 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 /sonomacou ntymuseum .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: OrderCustomPaper.com

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