Browsing: risk taking
Introduction. Much of the empirical research has defined creativity as an outcome, focusing on the production of new and useful ideas concerning products, services, processes and procedures. Using this definition, research has examined creative solutions to business problems, creative business strategies and creative changes in job processes.
Aim of the study. This paper provides a review of old and new research examining contextual factors that can foster or hinder creativity at the individual and organizational level. In particular, we examine the role of leadership and the use of different human resource practices for developing a work context that is supportive of creativity. In the end, we discuss practical implications for managers and highlight some directions and areas for future research.
Keywords: creativity, intrinsic motivation, risk taking, organizational climate
JEL Classification: O31, O39, M12
Introduction. Individuals in a society often have different degrees of aversion about risk. When individuals with equal skills take risky activities with a high potential for profit, such as the establishment of a large business, some associations fail, others not. The presence of successful and unsuccessful collaborations in a society results in economic inequality, even when all individuals are identical in terms of level and field of education, the decisive factor is taking calculated risks or not.
Aim of the study. I will present in this paper the results of a study that I conducted in March 2014 related to influence of taking risks involved in opening a business as well as flexibility and adaptability on labor market.
Keywords: entrepreneurship, risk taking, flexibility, adaptability
Introduction. Many objective or subjective factors influence the decision to open a business. The most important factors are: the existence of an adequate opportunity or a market, perception that starting a business could be difficult because of bureaucracy, financial barriers or the need to acquire new skills, a lack of money, etc. Also, entrepreneurial behavior is generally influenced by socio-economic status of the family of origin . Thus, children from wealthy families have the “competitive advantage” to receive an education appropriate for managing a business and of course have the necessary financial resources and its start . However, abilities of every individual can “correct’’ these benefits are completely eliminated/reduced exogenous barriers .
Aim of the study. In this article I will present the results of a pilot study conducted in 2014 at Bucharest employees to observe their entrepreneurial behavior.
Keywords: employee, entrepreneurial behavior, risk taking, stability.