Globalization has opened the doors for global recruitment for management students. The state of our infrastructure can be deemed to be a nightmare to both entrepreneurs and the rest of the country’s population. With the existing infrastructure deteriorating and in some places it is non-existent; the cost of doing business has tremendously gone up. The state of the country’s road network makes it hard for entrepreneurs in the agricultural sector to transport harvested produce from farms to processing factories. According to a report released by the World Bank, Nigeria’s pace of socioeconomic development and growth is way below what we can achieve. This is mostly because of the erratic supply of electricity which has negatively affected many businesses. The outcome of power problems has prompted entrepreneurs to generate power through expensive ways that have in turn increased their production costs and made their products uncompetitive due to high prices. Our government should put policies in place to perk up Nigeria’s infrastructure so as to promote successful entrepreneurship.
First, biblical leaders practice praise and thanksgiving. Praise is taking time to acknowledge God’s attributes. God’s attributes are the characteristics that are central to His being. For instance, God is always holy, loving, good and faithful. He demonstrates these traits whether we respond positively or not. Human beings are double-minded and often do things contrary to their desired nature. But, God is always the same and cannot go against his own nature. We praise God for who he is. Thanksgiving business management is thanking God for what He has done or promised to do. For instance, God did not have to save human beings from their sins. Since God chose to send His Jesus to pay the penalty for our transgressions, we give thanks to Him. We also give thanksgiving to God for what he has provided for the business or Jewish and Christian Scriptures are filled with examples of leaders who praised God for His character and thanked Him for what He did for them. The best examples are found in the Psalms.
With the growing global market and increasing technology use throughout all industries, the core of entrepreneurship and the decision-making has become an ongoing process rather than isolated incidents. citation needed This becomes knowledge management , citation needed which is “identifying and harnessing intellectual assets” for organizations to “build on past experiences and create new mechanisms for exchanging and creating knowledge”. 150 This belief which? draws upon a leader’s past experiences that may prove useful. It is a common mantra for one to learn from their past mistakes, so leaders should take advantage of their failures for their benefit. citation needed This is how one may take their experiences as a leader for the use in the core of entrepreneurship decision-making.
Modern entrepreneurs are great creators in the modern world. These people create ideas that are used to generate income, constantly thinking of better ways to improve a method. They have a complex role in a business because they do so many different things for their brand. An entrepreneur carries the responsibility of their ideas and must see that it is able to perform well in the long run. They run the risk of making or breaking a company thus the ideas they present will be the deciding factor in the outcome. When a business goes down, the entrepreneur will almost always be the one blamed for its demise. At the same time, they are also the first ones to be acknowledged when a project becomes successful making it a fulfilling career to choose.