Thursday, February 20, 2020

Choose an entrepreneur and answer this to what extend do risk ,rewards Essay

Choose an entrepreneur and answer this to what extend do risk ,rewards and motives contribute towards an entrepreneurs goals - Essay Example Entrepreneurship exists in various forms. It may involve developing new ways of doing things and distributing products, starting a new business, as sources of information, and market middlemen. An entrepreneur is characterized by his search for opportunities that are unseen or ignored by others and taking risks on them in order to get a profit reward (Carsrud & Bra?Nnback, 2009: p35). With all the three factors seeming to play a role, the question is then raised as to the extent to which risk, reward, and motives contribute towards an entrepreneurs goals. This question was put to successful entrepreneur Sir Richard Branson. According to Branson, â€Å"The financial risks and rewards of being an entrepreneur have significant meaning in an entrepreneur’s motivation to open a business† (Personal Communication, 2013). There are several reasons for this, including the fact that over 50% of new start-ups fail in their initial four years (Roth, 2010: p67). Entrepreneurs, on av erage, he contends, will achieve less success over ten years in terms of income than they would have if they would have been employed. In addition, there does not seem to be any proof that entrepreneurs get better rewards if they start a business as compared to invest in stocks with the most likely result being that, from a risk perspective, they do not as much as they would have in the stocks market. However, Branson further says, even with these statistics, it is imperative to note that entrepreneurs account for 66% of British millionaires, despite making up only 20% of the entire labor force, while 80% of the millionaire entrepreneurs are â€Å"self-made†. From these statistics, it is possible to argue that the high risk in financial terms, coupled to the potentially high rewards, enhance the importance of intrinsic motives to an entrepreneur (Roth, 2010: p67). These intrinsic motives include purpose for entrepreneurship, for example, the ability to better the world, the f reedom, and autonomy that entrepreneurship will give an individual, and the reward of overcoming challenges and becoming a master. Branson says that, it is possible to think of the results of a hypothetical proposition, to show the enhanced role of motives over risk and reward. In order to gauge the tolerance to risk of entrepreneurs, three options are given to potential entrepreneurs. â€Å"They can earn a $10 million profit with the chance of success placed at 20%, $5 million of profit and a 50% chance they will be successful, and q $1 million profit for an 80% chance at success†, Branson posits (Personal Communication, 2013). While there is a general perception that entrepreneurs are all profit and risk seeking business people and that they would go for the first option, it is indicative that it is most likely that they will go for the 3rd choice (Casson & Buckley, 2010: p29). Entrepreneurs seek to go into business with the option of getting a higher profit but less of it. Therefore, for successful entrepreneurs like Sir Richard, reward is not as important to entrepreneurs in starting a new business. The creation of a new enterprise carries a lot of risk and uncertainty, which indicates that the entrepreneur’s motives carry more importance than financial rewards. For example, Richard contends that entrepreneurs

Tuesday, February 4, 2020

An Artwork of Ai Weiwei Essay Example | Topics and Well Written Essays - 1000 words

An Artwork of Ai Weiwei - Essay Example I have observed that art pieces of Ai Weiwei seem to be confusing many viewers. Ai Weiwei artistic are challenging because the artist uses nearly every object to represent unique features. Evidently, a number of his work tends to leave the viewers grappling to identify the meaning. For example, in one of his art piece, he has used an ordinary bicycle to produce a sterling art piece. Attempts towards interpreting the meaning of this piece often leaves the viewer thinking about the meaning of the ordinary piece of object used in artwork. As noted by a number of art critics, the use of ordinary objects to produce unique art pieces sometimes creates difficulty in interpretation (Laar and Diepeveen 94). Largely, placing the artwork in any context tends to be very difficult. I believe that this situation is evident with most art pieces of Ai Weiwei. The common nagging question that people find difficult is what the art piece represents when the meaning of the ordinary object has changed. W hile the viewers often struggle to find the meaning of art pieces, many fail to think in terms of placing the artwork in a given context. Laar and Diepeveen have observed that some artwork that the audiences regard as difficult tends to incline towards certain cultures (112). Arguably, interpreting art pieces designed to address a concern in the western countries might not have the same meaning in the Asian countries. Thus, in interpreting artwork, the viewer needs to understand the culture of the people where the artwork has emanated from. For instance, Ai Weiwei art pieces often confuse many viewers because they seem to address aspects of the Asian culture as well as western cultures. Arguably, a mixture of cultural aspects from different backgrounds may be difficult to interpret. First, by putting the artwork in a different cultural background, the viewer shall have lost the real meaning. Secondly, failure to recognize the background of the artwork will also make the interpretati on difficult. In my view, interpreting the art pieces of Ai Weiwei requires understanding the context of his work. The difficulty in interpretation often arises when the situation that led to the creation of the artwork is unclear. In such cases, the viewer needs to know circumstances that surround the creation of the artwork. I think the vagueness in the presentation is the failure of the viewer to identify the situations or circumstances that artists want to display. For example, artistic works which address political issues may confuse a viewer who does not place the work in the right political situation. I have realized that Ai Weiwei’s work which addresses the sorry state of the society tends to create controversy in interpretation. For example, Ai Weiwei’s painting, â€Å"Ai Weiwei is missing in Taipei† illustrates stools clamped together. The painting may be disturbing to interpret because it tends to project varied meaning. While in Ai’s view the painting illustrates his absence during the Taipei event, a viewer who does not have the right information might not think in that line.