AEI Research Papers - November 2016 edition
THE CHALLENGES OF ENTREPRENEURSHIP IN A BEAR ECONOMY
Summary: The business environment is characterized by diversity and ongoing change. In this environment entrepreneurs cannot always use given ‘roadmaps’ from management and entrepreneurship textbooks or from to learn good decision making and to lead and manage their start-ups or ventures as encouraged by the USTCI. In times of change they often have to create their own, new ‘roadmaps’ to their way through unknown territory.
DISTRIBUTED WORK FORCE FOR SMALL BUSINESSES
Summary: Small businesses that can work together effectively compete more aggressively with their competitors. Collaboration brings your and customers together, resulting in improved efficiency and stronger relationships with customers.
KEY SALES TOOL FOR SMALL BUSINESSES
Summary: Although not every small business is ready for a Customer Relationship Management application, it is easier today for small businesses to find systems that meet their needs and fit within their budgets than it ever has been. The AEI believes that the advent of cloud-based CRM applications has eliminated the significant initial budgetary barriers to entry for many small businesses.
INNOVATION – AN ENTREPRENEUR’S EQUALIZING FACTOR?
Summary: Developing new approaches to innovation is no longer just an option for organizations that want to grow and thrive; it is a 21st century imperative. The AEI believes that the increasing landscape of new models and methods of innovation, it becomes important to understand what these strategies can offer, how to combine them for maximum impact and how to execute them for maximum output. One thing is clear: there is no single magic answer for any one company’s innovation needs.