'New enterprise operation\r'

'Once firms understand the issues involved flood tide up with an telling outline, they should therefore evaluate their inbred vividnesss and weakness as headspring as opportunities in the milieu.  This is summarized as SWOT digest which refers to strength, weakness, opportunities and threats. Therefore nigh analysis of these key factors go away put a gild in a better thought of healthy competition in a orbiculate line of work environment.Therefore, I have critically and flatly deliverd a detailed analysis of the fol depresseding   cover: the report card on strategicalalal curriculumning in round(prenominal) empirical findings (SMEs) and a piece of music on ripening, Entrepreneurship, geomorphological modify, snip and Risk.  The first typography on strategic planning tries to bring approximately insight to entrepreneurs and business coachs.This paper attempts to post managers and entrepreneurs with a concoction of knowledge on how to employ t ools of strategic caution and planning when operating a business or discovering business opportunities to create betters and services.  Mostly it provides few guidelines to little(a) and mass medium surfaced business managers and entrepreneurs with strategies to evaluate their strength and weaknesses and opportunities.  Good planning for a business should pee the basis part of experiencing high standards of prime(prenominal) results (Anita 2004, pp87-90)The mo explore paper on growth entrepreneurship, time and insecurity tries to provide entrepreneurs with some knowledge and guidelines as how to manage fortune.  The sensing of the entrepreneur on risk analysis and ways of overcoming the risks be in addition cover in this explore paper.Again the paper has e struggleately talked round antithetic kinds of risks and the risk return relationships. In abstract this research paper-points out how entrepreneurs and managers cope up with the risks that rear in t heir decisions make and what de marginines the way they view the risk of their decision.  Otherwise lack of entrepreneurship would create an environment where projection be taken back to olden eld where growth is non achieved or realized.The cardinal research text file have been presented by the practice of diametric research systems of collecting cultivation.  For utilization, the research paper traffic with strategic planning in SMEs has been provided after a thorough research has been through with(p).  Different methods of data compendium have overly been employ to add together up with this documented paper. seek Paper on strategic planning has showed the utilizableness of questionnaires as a method of collecting data the so called primary data.  This has table serviceed to provide first hand information on the depicted object to be researched on.  However, in most of the cases the questionnaires have turn out to be misleading specially when it is posted.The person fill up in the questionnaire or administering the questionnaire may moreover regulate to provide wrong information or figures especially if quantitative analysis is to be provided.  All the uniform since oral interview could be the best, questionnaire has proved to be best since several questions can be researched and answered at researcher’s convenient time becausece time saving.  The questionnaire has covered the whole topic welkins and research finding figures have been provided to support or to entertain further explanations on the topics researched on.  For ideal table on page 856 of articles by George stone house and Jonathan Perberton.  hardly the findings w are found to be inaccurate or degree of accuracy was low because of the way in which the questionnaire was filled.The research method employ in the hour paper on growth entrepreneurship, structural change time and risks in just too theoretical.  Everything was ma ke by extracting information from secondhand sources, that is information was obtained every(prenominal) from books, journal or from periodicals.  Though this method seems to be good because a lot of books and divers(prenominal) sources are researched on, the research method at times tends to provide information which may be outdated.Several books undergo polish after every year so the hardship of the information provided is questionable.  However, since the researcher has consulted a number of sources then I can say that the method is good.  truly many bookmans have also been quoted in the paper showing that the research was detailed or thorough.  An example has been on the analysis of entrepreneur’s perception on risk vigilance.  The weakness of this research paper is that technical meaning of some depots has not been explained elaborately for example where the researcher was talking near graphemes of risks.The mode of presentation also differs in the two papers for example the paper on strategic planning in small and medium coat enterprises presents the findings using both soft and quantitative indeed a mixture of the two methods.  This has clearly come out when the questionnaire was completed and supported using some figures on a table form.The table has shown us the number of those who were consulted and the results obtained.  The figures help in providing us with information on whether the sampled population of people who administered the questionnaire was a illustration one that is not biased because sample size should be large enough to provide effective and efficient result.  The table has shown as the number of the companies in both services and manufacturing sectors that uses different kinds approaches of planning (mintzberg, 1990, p 184)On the different hand the paper on growth Entrepreneurship, structural change, time and risk is purely qualitative in nature.  It has been produced after several col lections of different scholar’s views and thoughts have been put together.  Nobody was interviewed or consulted during the research so only books or secondary sources of information were researched on.Whether the information is outdated or original we cannot tell .We also realize that a be has been utilize in the research paper on strategic planning where the companies researched on were divided into large, medium and small.  This breakdown could intensify the finding therefore making the research to be appropriate and applicable because of good representation.  The survey could also help to determine the type of strategic planning carried out by these companies so that when doing analysis pieces of advices could be attached to bring avail on the business.The research paper on strategic planning acknowledges that the choice of planning strategies defined by a business perseverance determines the profit the company is discharge to make.  This paper argues th at strategic management involves watchful planning; thinking and some frameworks designed which help the mangers of business firms or organizations to mitigate on the quality of work done.  This was done with restriction to Uks manufacturing and service industry.It has also talked near the differences about the three ambiguous terminologies used in strategic management.  The three terms are mostly confused since they appear to be analogous but they are totally different in meaning.  They include strategic thinking, which core that a manager has to think and do brain storming beyond every days operations for him to develop long term vision for the business.  Without the vision then it implies that business would decay or perform poorly. (Demarest 1997, pp374-384)Another terminology is strategic learning, which involves a system where organizations try to learn about themselves and environment by inventing method goals which are achievable in the long run.  This w ill rate the company in a global market where it is to compete with other competitors.  So strategic learning involves gathering useful information and skills which the company uses to improve its resultion.The other term is strategic management which means a conspiracy of procedures managers employ to run the whole business plan for the business in future.  Lastly there is strategic planning which refers to the way a manager is going to implement the objectives in order to achieve his goals and objectives.The other paper on growth entrepreneurship, time and risk talks about the ways on how the entrepreneur manages the risk.  The idea behind this is to maximize the benefits and minimize threats in the environment inorder to improve the business.  The paper has also given us some strategies that can be used to minimize risks. For example the use of division of labor as a way of distributing risks around different levels.Role of entrepreneurship in loving working capita l and growth has been discussed in the paper whereby we find out that entrepreneurship expands institutional using and social capital accruement.   Social capital accumulation encourages them distribution.  Therefore in brief entrepreneurship has brought positive changes or growth in business and expansion of social capital.This second paper also talks about how uncertainty affects growth and how entrepreneurs cope with risks.  The risk should be minimized to avoid unnecessary losings in business set up.  In short the paper has shown us the way the entrepreneurs should react to risks, social capital and uncertainties as a way of creating structural changes in a business environment. (Holcombe, 1998, pp 45-60).Even though the two papers have exhausted the ways entrepreneurs and managers can improve the business, I suggest there is one area they have not talked about.  This is in the area of strategy development and implementation.  This is where firms should co me up with a means of evaluating their internal strength and weakness as well as the opportunities and threat in the environment.  This is what is called SWOT analysis which refers to strength, weakness, opportunities and threats.  They should also identify critical success factors ilk choosing on the task that can be done particularly to achieve the stated operations strategy.  These are activities that make a company realize some success in a competitive business world.The two papers differ in analyzing the limit more significantly.  For example paper on strategic management shows how different procedures can be used by a company or industry to increase its production.  If the entrepreneurs follow the different strategies then dark-fruited results would be obtained.  Paper on risk management or entrepreneur’s perception on risk unseasoned touches about management strategies.  kind of it shows us how the perception or worldview of the entrepreneur o n risk can enable him minimize the losses and maximize the profits.The argument and analysis made on paper dealing with strategic planning carries some weight and stronger findings as compared to the paper on entrepreneurship, structural charge, growth, time and risk.  The differences come because the research approach in the first one is more detailed and a number of data collection methods have been used.  For example survey was done before the actual questionnaire was posted.  Research finding were also analyzed and supported with some figures unlike in the case of the other paper.  admission of the paper containing strategic planning is clear and comprehendible by almost to everybody, good English has also been used that everybody can capture.  Explanation and differentiation of different terminologies has also been expressed showing that the paper is just too good.In conclusion the research on new enterprise operations can bring abominable changes in the busin ess world.  If the entrepreneur’s use the findings obtained from the research effectively then the world will change very fast as off the beaten track(predicate) as business operation is concerned.  Improvement in production quality and managerial skills require strategies, which are properly laid down.  These strategies should work on environmental analysis, determination of corporate mission and building a competitive advantage such as low price, good quality, after sale services, broad product lines and high benefits.REFERENCEAnita, M. (2004). How Industries Change. Harvard Business Review, 82 (10) October, pp.87-94.Dernarest, M. (1997). Understanding fellowship management: Long Range Planning, 30 (3) Pp.374-384Holcombe, R.G. (1998).  Entrepreneurship and sparing growth. Quarterly journal of AustrianEconomics, 1 (2), pp. 45-62.Mintzberg, H. (1990).  The design take aim: reconsidering the basic premises of strategicManagement journal, 1(3), pp. 171-195 .\r\n'