Reflection As Entrepreneur Aged Care Sector -Myassignmenthelp.Com

Question: Discuss About The Reflection As Entrepreneur Aged Care Sector? Answer: Introduction: The following report is going to illustrate and analyse the individual competence and potency of mine as an organizational leader- to be specific an entrepreneur. The reflection is based on several course studies that have been learned during the course. The given lecture slides have been useful for the development of concepts pertaining to the entrepreneurial decision making procedures. Different leadership theories and models would be discussed in the report that would establish me as an effective entrepreneur or a business leader irrespective of profit and non-profit sector (Alvarez, Audretsch Link, 2016). More than that, the process of design thinking has been conceptualized during the course of learning. Design thinking can be defined as the methodology used by the market and business designers to solve the problems that arre supposed to be intricate and complex in nature. In order to illustrate the self analysis process, four different theories have been taken into account. Th ese are; Cantillons theory Marshalls approach to entrepreneurshi The Social Enterprise School Schultz Approach to entrepreneurship The Design thinking Tools Used for the Entrepreneurial Innovations: Visualization: it is performed through constructive use of images. It is also known as visual thinking. These are non-verbal methods of making something done with the effective usage of proper ideas. Journey Mapping: It is an ethnographic research method. It focuses on the interaction with the customers. Value Chain Analysis: Value chain of the organization Mind Mapping: Mind Mapping is effectively used to comprehend the ideas present in the brain. Rapid Concept Development: It helps an entrepreneur generate hypothesis with the basic concept of the utilization of the mind mapping concept that has to be taken care of. Assumption testing: It identifies the assumption that underlies within a business for the specific focus on the new business idea Learning launches Story telling Definition of Entrepreneur: The definition of entrepreneur encompasses both classical and neo-classical notions. The classical theorists have already focused on economic, sociological and psychological perspectives in order to establish a succinct definition of an entrepreneur. However, standing in the twenty first century it can be regarded that the definition of entrepreneur is associated to multidimensional overview, which is quite true. In Essai sur la nature du commerce en general, Richard Cantillon has actually promulgated the economic aspect of entrepreneurship. In fact, this has to be taken into certain context that in most of the cases, the business leaders are considered to have the expertise in multidimensional aspects. Some has considered entrepreneurship as a mental act, some of the critics have considered entrepreneurs being an evolutionary act, some consider it to be an act of actors and some of the critics consider an entrepreneur as a human capital. It can thus be stated that an entrepreneur is an amalgamation of all the five perspective and characteristic traits. In order to authenticate myself as an effective entrepreneur I ought to look into these five spheres. Learning from the Course and Self Incorporation: In this case the course details have comprised of several designing tools that would help me develop my personal skill as an entrepreneurial leader. The study has helped me understand the theories and models underlying the practice of design thinking. It has also made me comprehend the ideas with the specific concept for the effective understanding of the process that was highly effective with the specific course such as planning the plot of entrepreneurial decision. Considering the design thinking this has been taken into certain consideration of the fact that has been conceptualized through divergent and convergent thought process, philosophical worldview of design thinking and action research. I was also able to reflect on the logic of reasoning. Comprehending on the basic reasoning pattern, I developed my thought process in orientation with What I would opt for designing and How the process would be performed. I conceptualized the following equation: What+ How= desired VALUE For instance, my concept and understanding of what I opt for designing amalgamates with how the process would be done would result in the successful execution of my desired value of the entrepreneurial decision. Team Designing: As a business leader, team designing is one of the most impactful, significant and intricate task because a team that is full of potency would drive and channelize the business through zeal and enthusiasm. I, therefore, plan to build a team of young workers who can learn as well as earn with the organization. Since, this organization stringently focuses on the quality service provision to the aged people; we need a team of dedicated members who diligently work for the betterment of the society as well as the organization. In this context, it can be regarded that the most impactful experience with its different understanding has to be taken into certain consideration pertaining to the care and cure of them. My plan, therefore is to post an advertisement for the career of those youngsters of my age who are looking forward to work with some certain objective. In this context, it can be regarded that this has to be taken into certain consideration that the advertisement needs to be speci fic and convincing as initially the organization would not be able to pay huge amount of salary to the employees. My team would comprise of the following attributes: The aforementioned network design focuses on the network build-up with the internal as well as the external stakeholders. My entrepreneurial decision would focus on the effective network building so that we can gain a trust thus entailing into the market reputation. In this matter of fact, this has to be taken into certain consideration pertaining to the effective understanding of the process with its different understanding of the wants and needs of the clients. To provide quality service to the greater number of the aged people we have to collect as much funds as possible. Hence, the organization would focus on the event organizations in collaboration with other profit making companies so that we can help them promote their business. in terms of creating an effective understanding of the fact that this has to be taken into certain understanding with the fact that this has to be taken into certain consideration of the fact that the network build-up policy has to be taken into certai n consideration of the fact with its different understandings. Fund Raising and Contact Build-Up: In order to raise the fund for the organizational activities, a support needs to be developed. In this case a support team would be constructed comprising of different students who would be working with the organization as support staff. Those would mostly be interns and they are going to be deployed and regarded as highly responsible persons to contribute their best ideas for the entire performance related to the organizational work (Weaver, Dickson, Liguori Cohen, 2014). I would, bid an advertisement for the recruitment of the interns who would be working for three days in a week so that a circulatory movement of staff deployment of the staff is made possible. The following diagram is going to demonstrate the aforementioned circulatory movement of the staff deployment: As per the aforementioned diagram, it is succinctly clear that the intern workers would be responsible to work on the market research and direct service provision. The research team would be guided with the intelligibility of the following aspects of their jobs: Job Title Job Description Junior Research Associates (Zero hour employees) They would be responsible for the research and situational analysis of the ageing population of the locality. Having done that, they would provide the organization and the operations team with the data where they the latter ones would be heading for practical judgment. Both the teams would be responsible for the market research analysis in theoretical and practical manner. House Staff It includes the professional nurses and junior medical practitioners. After receiving the data from the research associates, they would head to providing service and aid to the aged population. `Nurses and Doctors The nurses and the doctors would be high class practitioners and the professionals and they would be approached seasonally. Psychologists The organization would be approaching to the numbers of psychologists as they are highly effective in terms of making it a proper process for the basic requirement of the aged people. We firmly believe that they need more mental support than the medical support from our end. Table 1: Job Allocation Source: Created by the Author In fact, this has to be taken into certain consideration pertaining to the effective understanding of the fact that these employees and helpers would mostly be the zero hour staffs. A different team would be set up for the fund raising activities. In this context, the team would be approaching to the established NGOs and Medicine companies for the promotional and activities and sponsorship (Parker, 2012). Rationale behind Keeping Zero Hour Employees: It can thus be stated that in most of the cases this has to be taken into certain consideration pertaining to the recruitment and deployment of the zero hour staffs in the junior associate level and house staff level. The reason behind keeping the zero hour staffs is to put a thorough check on the cost of human resource department of the organization (Borg Gratzer, 2013). In this context, it can be regarded that in most of the cases this has to be taken into certain consideration pertaining to the effective understanding of the issues as they would not be granted as the permanent staff at the initial level. The organizational structure would be based on the geographical one as this would facilitate many of the working employees for long run. The payment method would be on the basis of their work and they would be provided with a certificate of excellence for taking active participation in this noble project. Creative Learning: As an entrepreneur, I would focus on the implementation of my creative thought process pertaining to the innovative business idea. In this context I would o far my own creative understanding is concerned; the following diagram would demonstrate the same: This is a step wise process that the creative thought process is going to be implemented in my organizational development. It begins with the imagination and ends with imagination. The creative circle modeled by Resnick is going to be applied in the analytical leadership method. As a business leader I have effectively understood the basic understanding of the process pertaining to the entire core business idea through my imagination. I hereby, imagined an innovative method to raise fund for the social campaigns. The fund raising program would be organized through Guerilla marketing process. With the promotional activity of the brand of different profit making companies specifically the stalwarts in sports wears and other elements, the fundraising activity would be performed. As a leader I would create a space for the others where they can share their own ideas. In this process the basic changes pertaining to the effective understanding of the issues care highly effective for the ent ire changes pertaining to the business process. After the creation of the path I would focus on the role play of channelization of the ideas. I would further want to share those ideas with my employees where they can judge whether the idea is apt for the current business performance. In this context this has to be taken into certain consideration that the idea of my business proposal would be reflected with critical consideration by the organizational members and the other companies so that this would be taken into certain consideration pertaining to the effective understanding of the process. in this case, this has to be taken into certain consideration that the business understanding has to be taken into account of creative consideration. In fact, this has to be taken into certain consideration pertaining to the effective understanding of the cases. Co-Creation and Co-Design: This has been developed through the idea propelled by Sanders and Stapper (2008). In this context, this has been taken into certain consideration that the basic understanding of the process that has to be taken into certain consideration so that this has to be taken into certain consideration that has been taken into certain consideration with the fact that this has been taken into certain consideration with its model of co-creation and co-design. In this context, I have actually contemplated on the user centered design. It means, my business performance is going to focus on the people who would be aided through our organization. In this context, this has been taken into certain consideration pertaining to the fact that this would be again a consideration of the how the effective service is provided to the maximum number of people of the country. Conclusion: From the aforementioned discussion it can thus be concluded that the entrepreneurial decision making process has various implications. I personally place my leadership criteria in a transformational one. I believe that constant change process would definitely help achieve the greater goal of the organization. Different leadership theories and models would be discussed in the report that would establish me as an effective entrepreneur or a business leader in non-profit sector. This would also provide an idea to focus on strategic design making process by which I can perk up the quality of my existing service provision to huge number of the clients. The strategy would be associated with the thought that it would not just consider the business as non-profit; it would rather consider my operational goal matching with that of the profit making business sectors so as to get stronger hold in the specific market. I would not exclude the people working with the organization. OZed does not hav e any existence without the contribution from its newest member. It thus focuses on to the basic understanding of the process that for a business or an organizational leader this process is highly effective. Reference: Alvarez, S. A., Audretsch, D., Link, A. N. (2016). Advancing our understanding of theory in entrepreneurship.Strategic Entrepreneurship Journal,10(1), 3-4. Borg, E. A., Gratzer, K. (2013, January). Theories of Brands and Entrepreneurship: Conceptualising brand strategies. InInternational Conference on Business Strategy and Organizational Behaviour (BizStrategy). Proceedings(p. 58). Global Science and Technology Forum. Osula, B., Ng, E. C. (2014). Toward a collaborative, transformative model of non-profit leadership: Some conceptual building blocks.Administrative Sciences,4(2), 87-104. Parker, S. C. (2012). Theories of entrepreneurship, innovation and the business cycle.Journal of Economic Surveys,26(3), 377-394. Resnick, M. (2008). Sowing the seeds for a more creative society.Learning Leading with Technology,35(4), 18-22. Ricketts, M. (2006). Theories of entrepreneurship: Historical development and critical assessment. InThe Oxford handbook of entrepreneurship. Sanders, E. B. N., Stappers, P. J. (2008). Co-creation and the new landscapes of design.Co-design,4(1), 5-18. Weaver, K. M., Dickson, P. H., Liguori, E., Cohen, S. (2014). Social Enterprise Academy: Enhancing the Impacts of the Non Profit Sector on Leadership and Job Creation Thru Research Models.