Their artisans are earning a living wage and discovering new business opportunities for their skills and products. Lulan goes even further, discerning the specific needs of the individual communities and offering tailored benefits, such as education and housing allowances. The benefits given by Lulan vary from place to place because the people pick the benefits that work best for them as a group. Eve believes that this helps to strengthen the community in the short and long term. Individuals who see the effects of these benefits personally can value them even more
Effective managerial skills are essential in order to successfully run a business. It determines how well a manager can handle business matters and lead his employees. These skills can be developed through practice and social interactions. Some managerial skills include creativity, communication skills, as well as personal attributes such as self-confidence and persistence. It is essential that managers possess these skills as they are the entrepreneurs of the future.
Small businesses are good thing because they give individuals the opportunity to be their own employer, help others, and build the dreams and ideas that they are so passionate about (You). Running a small business can have many positive impacts on you and those around the business. A small business allows the owner to live a much more flexible lifestyle, and even lend a hand in the community (Able). Launching a successful small business requires teamwork (As). The owner of the business is going to have to build positive relationships with employees, work as a team, and keep employees motivated (As).
Cooperative entrepreneurship in fact seeks to bring creativity, innovation and strategic management into the management of cooperative society. To do this it is essential that cooperatives should have dynamic governance structures, qualified, competent and dedicated human resource, and modern management systems. Based on this, entrepreneurial characters of cooperatives and functions of cooperative entrepreneurship are discussed in this
Those understanding mean that the empowerment is an effort to build the power by encouraging, motivating and raising the awareness of individuals. The empowerment process is not merely an effort to empower people. The empowerment should be followed by strengthening potential or power possessed by the person or the community. Creating a good environment for people to develop their abilities is not only the recipe to solve the problem about community empowerment (Sumodiningrat 1999).
In small business you know who you are dealing with and it is important to building strong relationship. • responding flexibly to problems and challenges, for example, Small businesses can make a quick decision on whether or not it can do what is
For today’s challenging environments, human capitals are playing an importance role in the organization in order to have dominant position in competitive advantage. Human capital developments are indispensable because it is unique and valuable assets for successful today. Undeniable, practices of human capital development is a significant process to employing and selecting the qualified employees to the organization. So, have a systematic functions and proper practices in strategic way not only can retain and attract the employees, it also can let the organization more understand the demand of employees. Development activities, empowerment, training and energetic participation to decision making process are the examples of human resources management (HRM) practices, all of these can assist employees’ to creative innovative ideas and let them active in innovation process.
Explain how own managerial and personal skills will support career development Development of career is very essential to all organisations. Managerial and personal skills help to improve and develop one’s career in the recent competitive market. Some of the personal traits that contribute to career development include; attitude, behaviours, integrity, and dedications towards work success. Managerial skills may include human skills, technical skills and conceptual skills. The managerial skills play an effective role in career development when used by the manager’s well to accomplish organisational goals and objectives.
1. Introduction Microfinance industry as we know it today is changing the lives of people who depend on it for various financial services not only in India but globally as well. Whether it is a small size or a marginal loan amount, or a savings account, crop loan, or for fulfilling social events of life such as birth or death ceremonies, marriages and likewise. Schumpeterian has defined microfinance service provider as an entrepreneur, in a sense that the form of business he is involved is a social but innovative in nature. The fact is that by venturing into such a business he is not only running the business, but also solving a social problem, and creating new relationships using innovative business models which involves ground level actions
Communication is a two way process, by definition, and in the case of innovative communication recommends drawing up and sharing relevant content on the one hand and the feedback / reaction from the other side. Because the information is through the interaction enriches, enhances, and she gives meaning and value in different contexts. To be able to exist and develop, innovation requires open dialogue, informal forms of communication and a variety of external pulses. The communication strategy of innovation in organizations is conducted on two levels: the internal level where there are workers who need to be adequately informed about innovation as a strategic objective of the company, and that they are expected to actively participate in the creation of innovation. On the other, the outer level of the organization, there are different interest groups and the public that the company needs to present its innovative orientation, at the same time including them in the very process of innovation.