New enterprise operation

Once firms catch the issues involved coming up with an effective strategy, they should therefore evaluate their internecine strengths and weakness as tumesce as opportunities in the environment. This is summarized as pulverisation synopsis which refers to strength, weakness, opportunities and threats. Therefore not bad(predicate) analysis of these key factors will institutionalise a caller-up in a better position of muscular competition in a global melodic line environment.Therefore, I afford critically and categorically tind a detailed analysis of the following give-ups the story on strategical planning in nearly(a) falsifiable findings (SMEs) and a typography on growth, Entrepreneurship, structural change, prison term and Risk. The first musical theme on strategic planning tries to sum up some insight to entrepreneurs and patronage film directors.This makeup attempts to provide managers and entrepreneurs with a variety of knowledge on how to implement too ls of strategic management and planning when operating a railway line or discovering business opportunities to name rock-steadys and services. Mostly it provides some guidelines to small and medium coat business managers and entrepreneurs with strategies to evaluate their strength and weaknesses and opportunities. Good planning for a business should form the basis part of experiencing high standards of quality results (Anita 2004, pp87-90)The second interrogation typography on growth entrepreneurship, time and try tries to provide entrepreneurs with some knowledge and guidelines as how to manage risk. The perception of the entrepreneur on risk analysis and expressions of overcoming the risks ar also covered in this search root.Again the makeup has elaborately talked ab let forth unalike kinds of risks and the risk return relationships. In summary this question paper-points out how entrepreneurs and managers cope up with the risks that arise in their decisions making and what particularizes the way they view the risk of their decision. Otherwise lack of entrepreneurship would create an environment where task be taken back to olden long time where growth is not achieved or realized.The 2 explore papers incur been presented by the use of incompatible seek regularitys of collecting cultivation. For example, the look paper dealing with strategic planning in SMEs has been provided subsequently a perfect(a) research has been make. Different methods of selective information collection suffer also been utilize to come up with this documented paper. Research Paper on strategic planning has showed the usefulness of questionnaires as a method of collecting data the so called primary data. This has helped to provide first hand information on the topic to be researched on. However, in most of the cases the questionnaires contain proved to be misleading especially when it is posted.The person filling in the questionnaire or administering the questionnaire whitethorn near decide to provide wrong information or figures especially if quantifiable analysis is to be provided. All the same since oral consultation could be the best, questionnaire has proved to be best since several questions open fire be researched and answered at investigators convenient time hence time saving. The questionnaire has covered the whole topic areas and research finding figures have been provided to view as or to give further explanations on the topics researched on. For example accede on page 856 of articles by George stone house and Jonathan Perberton. But the findings ware open to be inaccurate or degree of accuracy was low because of the way in which the questionnaire was filled.The research method used in the second paper on growth entrepreneurship, structural change time and risks in just too theoretical. Everything was done by extracting information from secondary sources, that is information was obtained any from books, journal or from periodicals. Though this method seems to be good because a lot of books and other sources are researched on, the research method at propagation tends to provide information which may be outdated.Several books undergo review after every year so the validity of the information provided is questionable. However, since the researcher has consulted a number of sources then(prenominal) I jakes say that the method is good. very(prenominal) many scholars have also been quoted in the paper showing that the research was detailed or thorough. An example has been on the analysis of entrepreneurs perception on risk management. The weakness of this research paper is that adept meaning of some terms has not been explained elaborately for example where the researcher was talking about types of risks.The mode of presentation also differs in the two papers for example the paper on strategic planning in small and medium size enterprises presents the findings using some(prenominal) qualit ative and quantitative thus a mixture of the two methods. This has clearly come out when the questionnaire was completed and support 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 representative 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 other hand the paper on growth Entrepreneurship, structural change, time and risk is purely qualitative in nature. It has been produced after several collections of different scholars views and thoughts have been put together. Nobody was interviewed or consulted during the research so only books or secondar y sources of information were researched on.Whether the information is outdated or current we cannot report .We also realize that a survey has been used 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 given to bring purifyment on the business.The research paper on strategic planning acknowledges that the choice of planning strategies defined by a business industry determines the profit the company is going to make. This paper argues that strategic management involves careful planning thinking and some frame fails designed which help the mangers of business firms or organizations to improve on the quality of work done. T his was done with restriction to Uks manufacturing and service industry.It has also talked about the differences about the third ambiguous terminologies used in strategic management. The three terms are mostly confused since they appear to be same but they are totally different in meaning. They include strategic thinking, which means 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 collapse 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 will 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 production.The othe r term is strategic management which means a conclave 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 dialog about the slipway 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 course of labor as a way of distributing risks around different levels.Role of entrepreneurship in social swell and growth has been discussed in the paper whereby we find out that entrepreneurship expands institutional development and social capital aggregation. Social capital accumulation encourages them distribution. Therefore in brief entrepr eneurship 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 minimize to avoid unnecessary losses 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 come 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 chance upon cr itical success factors like 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 confine 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 fruitful results would be obtained. Paper on risk management or entrepreneurs perception on risk new touches about management strategies. preferably it shows us how the perception or worldview of the entrepreneur on risk can enable him minimize the losses and maximize the profits.The argument and analysis make on paper dealing with strategic planning carries some weighting and stronger findings as compared to the paper on entrepreneurship, structural charge, growth, time and risk. The differences come because t he 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. Introduction of the paper containing strategic planning is clear and understandable 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 deduction the research on new enterprise operations can bring tremendous changes in the business world. If the entrepreneurs use the findings obtained from the research effectively then the world will change very truehearted as far as business operation is concerned. Improvement in production quality and managerial skills require strategies, which are properly rigid down. These strategies should work on env ironmental analysis, determination of corporate mission and twist 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 Knowledge management Long Range Planning, 30(3) Pp.374-384Holcombe, R.G. (1998). Entrepreneurship and economic growth. Quarterly journal of AustrianEconomics, 1 (2), pp. 45-62.Mintzberg, H. (1990). The design school reconsidering the basic expound of strategicManagement journal, 1(3), pp. 171-195.