WHY MBA STUDENTS and MANAGERS REQUIRE SYSTEM APPROACH

One of the best managerial skills is problem solving and other one is decision making. A good manager has a special view to the problems in business. In fact a manager requires looking at a problem in different perspective and analyzing a problem with multiple environmental factors that cause some effects. This type of thinking to the problem is called system thinking or holistic approach.

 What is holistic or system thinking?

System Thinking

In holistic or system thinking a problem (business, decision, etc.) will be analyzed as a set of factors or elements that are interrelated together and have effects. Business is not an island; we need different elements in business to survive. For example if you analyze your customer problem without any attention to your suppliers what will happen. In medium and large scale businesses it is more important to have holistic approach. 

MBA is general program and the contents for MBA courses have been designed to improve managerial skills. MBA courses have multi-skills managerial contents to improve students’ knowledge in different fields and specializations. An easy survey in some business schools and colleges shows that MBA curriculum does not have sufficient contents for system thinking skills.

For example some Indian colleges have more concentration on Finance and HRM specialization .This is an old course design. Maybe Indian MBA students are more interested in these fields or careers and job opportunities are more in Finance and HRM. 
In well known western business schools like Harvard Business School , Stanford Business School , they have more focuses on Leadership , Entrepreneurship and Strategic Management.All of these fields are related to the system approach .

We need system approach

For example, in recent years with growth in IT and other technologies we need technology management, system management or we need changes and design of new business models. Lack of system thinking in modern age will cause some problem.Technology management will be a big challenge for managers in future and managers should think about this problem more and more.It is more critical for underdevelopment countries .
A small business has dependencies to the technology as like large scale businesses .Each business model consists of some elements and they have some impacts on business , an entrepreneur or businessman needs to find relationship of these factors and manage them. 

Today everything is a system and all organizations require managers with system thinking abilities to help them gain more competitive advantages.One of the best courses in MBA system or MBA IT is system analysis and design , it is helpful because provides some useful tools and approaches to analyze the business's requirements.It is helpful when it becomes an essential step for innovation in business.Lack of managerial skills in analysis wastes so many resources in organizations in procurement of new technologies like Information Systems .
Technology and more specific Information Technology should be adopted and managed in efficient way , but some organization are just users and some of them are just developers , who wants to  utilize?

You may want to see:

USE Study of Macroeconomics in MBA

Key Indicators of Macroeconomics or Important Macroeconomics Factors 

SWOT Sample in Macroeconomics for MBA 

MBA Curriculum or Syllabus 

iPhone 5 Video shows differences

You may heard about  iPhone 5 innovative features  and beautiful look , I found a video in youtube that exactly shows the iPhone 5 operations. This is an unique video that I have seen in web about iPhone 5 and other videos are new edition of this video .
This video has title iPhone 5 Concept and I think this is an official version of Apple  for iPhone 5.



iPhone 5 in Schedules
People are waiting for iPhone 5 , I think most attractive feature is laser keyboard that makes it flexible for users to handle it in each places . There is a big difference with other brands and apple may requires to go court against some companies in future !!!!!.
The combination of iPhone 5 and iCloud power gives the user more efficiency and accessibility for web applications , but the main problem for iPhone 5 is the compatibility with mobile networks .You may know that 3G or 2G mobile networks , they mean the mobile network generation , and iPhone 5 needs 4G networks as the platform for maximum performance . 3G or third generation of mobile networks is not popular in all countries , how we can expect the 4G networks .
All schedules of iPhone 5 are postponed continuously and we are waiting for release date.

6 MISTAKES IN BUSINESS PLAN

A good business plan is an image that shows your dreams , and it is a detailed program of actions that you want carrying  out to start developing your business . In last topic we discussed about how write a business plan for small business , but writing a business plan is not using business plan template. In fact it is the biggest concentration on goals and achievement in business model .
.
There are some guidelines to write a good business plan for small business  :
 i. Clarity and Realistic preparation
ii. Good Market Research
iii. Real Competitor Analysis
iv. Time Management

But there are some problems in business plan that  you should avoid for successful business plan . In other hand not only we should take care about guidelines but also we should avoid  weaknesses in process of business plan writing . Optimistic writing is good  but reality in business plan shows that you actually are thinking about your goals from different perspectives . Each perspective shows your  Strengths , Weakness and view point of Opportunities and Threats .

Some studies show the evidences of business plan failure in small and medium business
1.More Focus on Future 
Investment for growth is based on the future performance but future performance is based on the past track record . This means best analysis is based on the past performance and repairing the mistakes . Forecasting and more optimistic prediction is not helpful . Reality is key of  success of business plan.

2. Management Inefficiency 
Managerial skills are more important in start up , like a children that requires mother in childhood , a new venture requires a careful parent to utilize the resource and leading the team to the objectives . Manager plans , leads and controls activities and tries improve efficiency .

3.Aggressive Financial Strategy 
A good financial strategy is based on the power of market analysis and financial performance in market , more focus on the cost and marginal revenue in start up brings you in an unlimited loop . More focus on cash flow and improving market share is better than concentrate on a marginal revenue and marginal cost.

4. More Focus on the Technology 
Today technology is framework of business but more dependency on technology and automation reduce your concentration on the process efficiency . The good aspect of technology is the Analytic tools and some times in start up it is better more focus in the improving the manual process , then using technology . Technology without management and utilization is cost.

5. Improper Target Market 
A good segmentation in market and target the manageable segment is better than selecting big and unknown segments . Good size segment can help to improve the Customer Care and Customer relationship Management and in result you have more customer satisfaction .

Finally we can add the Communication . Communication helps to promote your business .Lack of good communication with suppliers and customers is a draw back of your business . With out communication no business can not be alive , as before we discussed about expanding the business network to improve the business .

WHAT IS BUSINESS PLAN ?

You want to start your business , it is a small business or medium medium business , it is not important the scale of your business,  it is important to have a business plan for yourself . In last topic we discussed about What is small business  and the importance of ideas and opportunities for small business . A businessman or entrepreneur requires business plan .
When you start to think about business plan and try to write a business plan , in fact  you will imagine your ideas .The process of writing business plan helps you to find problems that you will face in future  .  " A good problem definition is half of answer "  it means if you try to write a good business plan you have half of your answer and during writing business plan you will find some good solutions . In fact any effort to change in life is possible with a plan , it is not a managerial activity only and any one can write a business plan or life plan to improve his or her life .

What is BUSINESS PLAN ?
A business plan or project plan  is a written document , that describes all requirement steps in opening and operating and improving  a business activity . It consists of principal features ,  future prospects and analysis of requirements and conditions to start a successful  business.
A good business plan is based on the facts , real estimation of condition and provides technical feasibility as well as commercial success in business . It is a way to implement your dreams and  success. The result of a good business plan is a road map for actions and a key to monitor your business performance and evaluate the activities in  achievement  goals and objectives .
In other word if you have a business plan , you reach 50 percent of answers , you will find some new resources , you will find new ideas , when you just start to think about business plan .

Key elements of a Business Plan 
The main parts of a business plan can be key factors of your business activity . They have more impact on your future success and if you implement these part perfectly and based on the reality you have valuable information about yourself and your business .
1.Goals and Objectives
2.Product or Services or Outcomes of your business or Values you want to create .
3.Market or Customers .
4.Financial statement or Financial fund resources and solutions for business .

At first it is very hard to implement all of them but if you start to write about your goals and products / services you will find answers for Market and Financial support .

How to write a business plan ?
A business plan required a well definition of business and should be written  with owners . May be you need helps of an advisory but finally you need to write business plan . There are many business plan templates and they gives idea to write business plan . I prepared a simple form of a business plan template  .
The importance of the structure and format of a business plan is very high and if you are using a business plan template you should follow the structure . May be you want a grant for your small business or a loan  for small business and you should give your proposal or your business plan to be accepted .
Sometimes a venture capitalist or other types of fund sources look at the business plan and important parts are market analysis , financial statement and ownership .

Good Business Plan Structure and Format 
In writing  a business plan several points must be considered and headlines give you ideas to prepare the plan . The accepted format for a business plan :
1. Introductory or Initial pages or Cover pages
        i. Title page : name , address of company and Owner properties like fax , telephone , email
       ii. A paragraph about company and nature of business
      iii. A paragraph about financing needed
      iv. A statement about the confidentiality of the plan .
2. Executive Summary 
     Three or four pages that summarizing the business plan . It is most important part.
3. Market Analysis
      i. Future trend of market
     ii. An analysis about competitors
    iii. Market segmentation and customers plan
    iv. Industry forecasting
4. Description about Venture
     i. Product / Service
     ii. Size of  Business
    iii. Office equipment and personnel requirement
    iv. A short paragraph about yourself
5. Product / service Plan 
      i.  Operation process
      ii. Planet and Place of  your firm
     iii. Machinery and Tools
     iv. Suppliers and material requirement
6. Operation Process 
     i. A good description about company 's operation
    ii. Flow of orders for product / service
    iii. Technologies   that will be used in company
7. Market Plan  
     i. Pricing method
    ii. Distribution strategy
   iii. Promotion and Advertisement plan
   iv. Control and Monitoring
8. Organization structure and management 
   i. Form of ownership , partners , authority
  ii. Management background
  iii. Role and responsibility of management
9. Risk Assessment 
    i. Evaluation of weakness of business
    ii. New technologies
10. Financial Plan
     i. Income statement
     ii. Cash flow model and projection
    iii. A simple balance sheet statement
    iv. Sources of Funds - it is very important part of business plan
11. Appendix 
     i. Market research data
     ii. Contracts and agreements
     iii. Suppliers price lists
You can download free this business plan template pdf , it contains business plan in pdf format : click here .
This business plan can be used for any purpose like bank loan , entrepreneurship , government grant , nmart business plan and so many other business plan ideas. 

HOW FIND IDEAS FOR SMALL BUSINESS ?

You are in start up or thinking about how start your business , you may know each new business or small business starts with an idea .Generating new ideas for small business is very hard work and if you find a good idea it will be your key of success . But at first try out to find what is small business in fact ?
What is  SMALL BUSINESS ?  
Small business has some definitions in different countries , but generally speaking a small business can be a form of business with few capital and few employees. In another hand small business is a business that starts with a single manager or few people that combine all resources with their skills to achieve profitability .
 Sometimes it is defined based on the capital or numbers of employees but in my opinion a small business is defined based on the numbers of products or services .Investment decision for people is very hard, to find good small business model and start business .An entrepreneur or a businessman who start own business , in fact start small business and makes investment in new venture  .
Small business is based on an idea and a good idea is a powerful tool in hands for you to become an entrepreneur or a successful businessman . Thousands of ideas are in our minds but  best ideas have opportunities . Ideas like :
1.New customer need
2.New product or service
3.New type of process in business
4.New sources of materials
and so many different things .

How Find Ideas For Business ? 
1.Idea Generation
All ideas are not opportunities but all opportunities come from ideas , this is a good aspect that gives the way of thinking , means that don't waste your time on ideas that are not feasible . To generate ideas simply you should think different , it is not easy , but today please think " if  I change the process what will happened ?"
Some opportunities are in changes , for example technological changes gave Online marketing  solution to the market and some people become rich .
Some sources of ideas can be listed as below :
i.  Consumers
ii. Competitors and Existing Companies
iii. Governmental or Social  needs
iv. Any Changes in Technology , Society , Markets


2.Screen Business Ideas              
After finding ideas it is very important to test ideas to be feasible , in another hand is it possible for you to develop your solution on the idea ? . For example you can produce new product . There are some constraints for you to develop your idea and they are :
i.   Financial Feasibility
ii.  Niche Market Feasibility
iii. Product / Service Feasibility
A good feasibility study helps you to find can yo do it or not and it is a profitable idea or not .

3.Selecting Idea  
Selecting an idea is based on the opportunities that you will find in idea . For example you will find 3 ideas in last steps but you require recognize the opportunities in these ideas . In term of selection it is better to think about  these problem :
i.  Potential of growth - it is very important
ii. Competition and market condition
iii. Profitability or Rate of return of your investment in business .
Each idea has Strength points , Weak points , Opportunities and Threats (Risk , competition ,...)  , try to find SWOT analysis .SWOT is very helpful .
We can see some people have made a big business in different ways , for example differences between Google and Yahoo , Google changed the aspect to the search engines and made it in very innovative way .
For example in this  world economic condition and macroeconomics indicators for a country it is a good idea to invest in a foreign country . By default some underdevelopment countries like India are destination of foreign investment .
Another example , everyday you are walking in streets , did you think about people needs , about a way to give them a new service and facilitate one process for them . Think different 
Also you can find HOW MAKE BUSINESS NETWORK ? 

5 Things You Should Know About Sustainability in Macroeconomics

Today with economic crises in World Economy and more specific in European countries , managerial economic has a big challenge . For a MBA student or manager in top level or an entrepreneur who is looking for sustainable growth in business , it is very important to know about sustainability in macroeconomics  .
In last post we discussed about What is Macroeconomics ?    and Macroeconomics Key Indicators .

Macroeconomics Circulation 

  For those who don’t know, macroeconomics is the study of economics as it covers an entire industry, region, or even the globe.  Sustainability in macroeconomics is a big concern as all industries and regions are connected in one way or another.  Today’s uprising can lead to tomorrow’s higher gas prices, to the day after’s food shortage, and so on.  To help you get a better understanding of the principles, we have gathered five things everyone should know about sustainability in macroeconomics.

1. Stability = Sustainability – The staple of any good economy is the ability to predict what will happen in the future.  While things like natural disasters can’t be predicted, knowing what the laws are and will be in the short term are.  If businesses in any arena are expected to operate successfully, they need stability to do so.
2. Trickle Down vs. Growth – The theory in Trickle Down economics is that if rich people make money, they spend it, helping the middle and lower classes.  A more accurate point would be that growth is good for everyone, as it can see incomes rise and/or prices fall, making growth a more sustainable option than Trickle Down.
3. Monopoly Free – Although it can be tempting to have one giant run all the aspects of an industry, it can also be dangerous to sustainability.  A monopoly can set prices to whatever they like, whenever they like, upsetting stability and making it harder to maintain a good economy.  Having options in case one business gets out of hand can help keep economics sustainable.
4. Clean Business – It is no secret that business can be a dirty affair, both literally and metaphorically.  But what happens when a business pollutes enough to endanger the health of the people surrounding them?  It is a threat to sustainable economics and can create many unintended consequences.
5. Free Trade – The innovation of the internet has brought about a global market like never before imagined.  Now, people from all over the world have access to each other to provide goods and services like never before, an important part of sustainable economics.

With thanks to guest writer " Shelly Mirriam " who is a science student and also writes for Masters in Environmental Science which helps students find the right environmental science degree.

For more information see:

USE Study of Macroeconomics in MBA

Key Indicators of Macroeconomics or Important Macroeconomics Factors 

SWOT Sample in Macroeconomics for MBA 

MBA Curriculum or Syllabus 

HOW MAKE WEBSITE FOR BUSINESS in 10 Minutes with 10 Dollars ?

In last topic about the Business , I wrote the importance of a website for business and how make business network easy and fast . In the topic we were discussing about the low cost of the websites for businesses and it is very important for a person who want continues fast , cheap and easy .
For an entrepreneur or a business man or a young guy that wants to expand business or make money in Internet or want online marketing to make profit , it is required to make a website and more clear ,at first , some people are looking the ways to make free websites . I have tested some ways to find a solution for myself to make free website , but there are just some ways to decrease the cost of website to the minimum cost .
When I am talking about cost , it is regarding to the all costs to make website ,means all times , money , efforts and technical knowledge that may you require to make a website .
In fact you want to promote your business and products and services in Internet and you don't have proper time to spend in website builder tools or implement a website template for your website.
The solution is that you can use a blog solution with custom domain . I said in post how make business network easy and fast that two ways are there to deploy information on the web,  first blogs second websites .
All things that you require to make a website :
1. Domain Name :You should find a good domain name related to your business , this name is the flag of your business in competition and can make your way easy than ever . For example you have a bird shop , and you want promote your shop in web or Internet . Your website name should reflect your business , in our sample it can be "the-birdshop-online.com " or any combination for them . This name gives you more terrific or readers easily . In my experience it is 30 percent of your success . You can find proper name with a domain look-up  service  , for example example.com is a domain name .
2.Hosting service : A website requires a host to be allocated , this is the key factor  that you should be aware . A good host gives you some opportunities to make a website free and easy . My solution is  using free and powerful blogging service like  Blogger for your free hosting service or any other blogging service like Wordpress . At first you should create a blog then with the option Setting > Publishing > Custom Domain
easily you can set your domain on the blog and enjoy the benefits of  Blogger  for your website .
3.Content Management or any HTML codes in your website. If you select blogs you are free from technical knowledge , and you will start writing soon .

Also you can at first create your blog with the name that you select for your domain in Blogger  then with Blogger custom domain service you can buy your domain name in less than 5 minutes and , totally in 10 minute you can start your website , with out any technical requirements .
There are many benefits with Blogger service for persons like me that don't have time to design or don't want pay for tools like website builders or website templates .
This is a solution with the lowest cost possible that you can enjoy it to make your website  .
Blogger has some benefits and free tools :
1. It is a Google service  and you just want a google account .
2. In Blogger platform you have some tools for free.
3.Some useful services like state or monitoring the traffic , easy design , flexible writing , Gadgets .
4. You easily can join your website to the Google Analytics  and use the benefits of Google Webmaster Tools analyse your website everyday .
5.The total cost for you is the cost of domain registration that is less than 10$ for one year .
6. You do not want to spend time in any technical points .
7. If you want to monetize your website or make money online in Internet , this is your opportunity that with  Blogger   Gadgets   , you can easily  join to Amazon affiliation  service or Clickbank  to earn money with retail service or online marketing .
8. Just with mouse drag and drop you can design your website .
9. Good support in Google not only for search but also for technical support .
I do not want give evidences for this solution more ,  but I have done in 10 minutes easy and fast and flexible .
 The total cost of your project is 10 $ .
Opportunity cost  for time and other value added services are not countable , time management is key success in project . As a MBA I can give you an strategic view to this method but it is not require for you when you will find a small guy earned 3000$ in last  month with amazon or Google with out any cost .
Later I will write about benefits of  Google Analytics  and  Google Webmaster Tools  .

iPhone 5 Innovative Features

With memorial of Steve Jobs who was one of the productive and famous entrepreneur in world in Apple company . People know apple with ipod , iphone and mp3 players innovation in world. A businessman or a student easily uses the iPhone in different ways , one for gaming and other one for business plan management .
The  iPhone  5 is new release of  iPhone  series and is one of the famous and fantastic products of apple .

The iPhone 5 has an increase in length of 8mm for accommodating its new 4” screen , iPhone 5 will have similar flat edges to the iPhone 4 ; also  the teardrop-style tapering to the edges that will be expected.

The smoother design has not been gone for because battery had to have power LTE and the connections being bulkier require extra space. The iphone 5 also has an aluminium casing similar to iPod Touch.

iphone 5 new apple product

The new phone is on schedule for a summer 2012 launch; however the engineering phase is still on with production yet to start.It is not clear that this is reality or an effort to make new product , but with apple power it is possible .
It is appears that business and corporate entrepreneurship is stable in apple  company and we should not worry about leaving the apple with Steve jobs .
You can see iPhone 5 Video 

HOW MAKE BUSINESS NETWORK ?

Each business requires money or capital to start up , and finally the result of a business is money or Profit . Maybe you are thinking about non-profitable business  , but all non-profitable business as like social activities also require donation and monetary support .
A business in any size , small business or medium business as like large scale businesses require a business network, and a business network contains all relationship with customers , suppliers and  stakeholders .
Small business has some limitation in money and capital , and it is required to  find some opportunities in market.
As the result of Micheal Porter Strategies : Cost Leadership is one of the  basic strategies for winning the competition . But how we can use Cost Leadership or how we can minimize the cost ?
Business Network helps to reduce the cost effectively and fast growth for an entrepreneur or a established business  , because a small business to work healthy ,at first, requires Customers or Consumers with lowest cost of communication and maximum efficiency in distribution of news and goods and services   .
To make a business network , we have some suggestion like societal marketing , but How it works .
The main environment that all small businesses can use is Internet or Online Marketing to improve the business network .
Internet helps to make a business network fast and easy . Internet is full of websites  and each website can be a shop floor of a business to deliver the information , find customers , support customers and manage them .
1.A website easily could have viewers (Promotion) in any place with computers , mobiles (Place ) and brings the products or services with lowest possible advertisement cost and different types of pricing model .
In another hand you have simply Products , Price , promotion , Pricing in one place and easy accessible for customers .
2. A website has some value added services , like traffic monitoring  that gives you the idea how many people are interested in your business and why they are coming to visit you..
3.A website has customer support service like email service (feeds ) that helps you to promote and advertise and find loyal customer with no price .
4.A website, easily with no cost or low cost , can be promoted in Internet and find more traffic means more viewers , as like Social networks , Search Engines Advertisement ,etc
There are so  many benefits to make a business network based on the Internet and website and nowadays all people are challenging with effect of Internet on business and life.
A young boy how doesn't know  any thing about business or MBA easily can earn money with starting an online selling website .
There are two popular option for a business network in Internet
1.Blogs  : has no cost actually and easy to start with minimum technical knowledge , for example Blogger
You can read the manual for good blogs
2.Website : You require to register a name (6-20 $) and require more time to establish .

The web technology has changed the business model to the online model , and a web page is a gateway for customer and relationship expansion .
In next topic I have  explained  how make a cheap website .

What are favorites of productive people ?

These days are the last days in 2011 and people are thinking about improvement and happiness in life for new year , but the question is what should we do to improve our life ?
I want to introduce a book for people who are looking for business improvement or want to increase the productivity in life . productivity can be defined as the ratio between outputs or outcomes and inputs or resources that each person or a business uses in daily activity .
Productivity is not a concept or a factor for production only ,it could be referred to our life in step by step improvement of lifestyle.
In this book you will find very important points of the productive people.If you want to know the secret of growth in your life , in your business you can read this book but as the conclusion I will write guidelines.

Habits and Favors of productive people: 


First Part : Independence or Self-Mastery
1.Be Proactive
Accept that your life is depend on your decision and is the result of your activities .Avoid locus of control .
Become initiative in your daily life and accept the consequences of your actions and take your responsibility with yourself.
2. Begin with the End in Mind
Try to find your real characteristics and accept them and find your real values and goals .It helps you to find the relation between your activities and visions .
3. Put First Things First
Evaluate your condition to find majority and urgent requirement in your life . In another hand based on your goals and values  what actually do you want ?

Second Part :Interdependence

4. Think Win-Win
Respect to the people values and goals also . Genuinely strive for mutually beneficial solutions or agreements with your friends and in society.
5. Seek First to Understand, Then to be Understood
At first you require to understand  and listen perfectly then it will help you to speak effectiveness .
6. Synergize
Become positive and use the positive energy of positive people and friends . You are not alone and no one can not do any things alone . Contribution is the result of the group and is highly beneficial.

Third Part :Self Renewal

7. Sharpen the Saw
Try to renew yourself , your aspect , your energy to make a long established healthy life .

From Wiki about Book .
"The Seven Habits of Highly Effective People, first published in 1989, is a self-help book written by Stephen R. Covey. It has sold more than 15 million copies in 38 languages since first publication, which was marked by the release of a 15th anniversary edition in 2004. Covey presents an approach to being effective in attaining goals by aligning oneself to what he calls "true north" principles of a character ethic that he presents as universal and timeless. "

What are Macroeconomics effects on Entrepreneurship and vice verse ?

What are Macroeconomics effects on Entrepreneurship and Entrepreneurship on Macroeconomics in Country and Global level? 
As before I wrote about entrepreneurship and Corporate entrepreneurship   and Macroeconomics and Macroeconomics key indicators ,we know that each business requires a platform and economy in country is the basic platform for the growth in the business .
At first time we are talking about requirements of a business and factors to start a business. PEST factors are the basic assumptions of each business activity and more specifically for profitable businesses .
PEST factors :
They are Political , Economical , Social ,Technological  factors and  external factors for business. The importance of these factors is clear . Pest factors are the macroeconomics factors in other word and each country has situation in scale of national level or global level. When you want to start an business activity definitely you will check the condition , market and you will do a simple feasibility study stand on your own or may be take the advisement of other people or experts .

Secondly    , we know entrepreneur is a person who undertake the risk to start a new venture or make a new product , market , do innovative activity or creativity or any change  and so on . An entrepreneur has an idea and conceptualize it and tries to make it productive or useful or profitable in case of helping to himself or society to improve . This productivity has a cycle and create business and we know today successful entrepreneur has some feasibility study .
There is a paradox , that we can see entrepreneurship helps the economy and society to grow and as a business it requires the Macroeconomics factors to support it.  

Macroeconomics on Entrepreneurship 
If the economical or any other  PEST factors are not good how it is  possible to talk about the success or how an idea can survive a society ? For example Greece monetary and recession problem ?
You have good idea but you are not in heaven , the real world is complicated , we are not talking about the competitors or suppliers , we are talking about the Recession and Growth and Inflation in economy .
For example you are living in Iraq or Saudi Arabia , and you have a modern  idea  and you know , if you create the product you have good market but P factor (political) factor is not ready. May be you select other countries but how and when ? and what is dependency of row material to the geographical area ?

Entrepreneurship on Macroeconomic  
This is clear and appears from thousands of samples in world that how entrepreneurs survive the economy , for example the IT growth in world and US.

In my opinion , an entrepreneur requires at least , minimum condition to do some basic activities and  start to improve . For example if Political problems are barriers other factors should support .
How we can analyse the majority of the PEST and which of them is the most important ?

For more information see:

USE Study of Macroeconomics in MBA

Key Indicators of Macroeconomics or Important Macroeconomics Factors 

SWOT Sample in Macroeconomics for MBA 

MBA Curriculum or Syllabus 

5 Things You Should Know About Sustainability in Macroeconomics 

What are 25 critical points and advises for Entrepreneurship by Steve Jobs

Entrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. The most obvious form of entrepreneurship is that of starting new businesses (referred as Startup Company); however, in recent years, the term has been extended to include social and political forms of entrepreneurial activity. When entrepreneurship is describing activities within a firm or large organization it is referred to as intra-preneurship and may include corporate venturing, when large entities spin-off organizations.

What are 25 critical points and advises  for Entrepreneurship by Steve Jobs

Reprinted from Wamda.com. Original post here. Twitter: @endeavor_global.
Remembering Steve Jobs, 1955-2011


1. Create a product with soul. Jobs proved that to create a product that customers would not just use, but love, you have to marry science with art.

2. Start small but think big. “I want to put a ding in the universe,” Jobs famously said.

3. Your time is limited, so don’t waste it living someone else’s life. Don’t build the life that someone else wants you to- Jobs’s life is a lesson in making original decisions.

4. Stick to your guns. Interviewers often said that Jobs was a tough interview- he didn’t answer their questions, but rather always said exactly what he wanted to say.

5. Find real solutions to real problems. Jobs made the claim early on that 99-cent mp3s would save the music industry. Indeed- since April 2008, the Apple iTunes Store has been the number one music vendor in the U.S., and by October 4, 2011, the iTunes store sold its 16 billionth song.

6. Become a market leader. Own and control the technology that you create and use, to reduce the ability for others to successfully imitate to your standards.

7. Make a product that can sell itself. Apple’s advertisements were famous for simply showcasing their products. They didn’t work overtime to convince you- their elegant user interface did, all on its own, by being head and shoulders above the competition.

8. Don’t listen to your customers too much. Jobs was famous for his assertion that listening to customers too much is a waste of time. You have to think on their behalf but ignore their skepticism if you’re going to create something that no one has ever seen before.

9. Live every day as though you have nothing to lose. “Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose,” said Jobs. “There is no reason not to follow your heart.”

10. Look at the silver lining in failure. When Jobs was fired from Apple, he said, “I felt that I had let the previous generation of entrepreneurs down – that I had dropped the baton as it was being passed to me.” But, he realized, it was the best thing that ever happened to him, because it freed him to enter one of the most creative periods of his life, he said in his Stanford commencement speech.

11. If you love what you do, you will find a way. Jobs said that when he was fired from Apple, he thought about running away from the valley. But then he realized that he loved what he did, and the events at Apple couldn’t change that.

12. Have faith in your journey. Jobs described you can’t connect all of the dots when you look forward in time, but you can, in retrospect, see the way that pieces fall into place to bring you lessons.

13. Trust your inner voice. “Don’t let the noise of others’ opinions drown out your own inner voice,” he said- following his inner voice allowed Jobs to both pivot into different projects and to innovate.

14. Be a perfectionist. We’ve all heard the stories of Jobs being an unapologetic taskmaster, to the point that he alienated some co-workers. And yet, his passion created products that speak for themselves.

15. Keep your eye on the endgame. “I don’t really care about being right, you know, I just care about success,” Jobs famously said, after he was fired by Apple. Borrow ideas if you have to, but focus on the implementation, and on improving rather than the politics of business.

16. Surround yourself with talent. Although Steve stands out as the leader who made Apple what it is today, it’s a myth that he alone is responsible for Apple’s success. A team of talented leaders- Phil Schiller, Jony Ive, Peter Oppenheimer, Tim Cook, and Ron Johnson- work overtime at Apple to build Apple.

17. Let simplicity reign. Jobs was famous for talking about the power of saying “no” when it came to adding bells and whistles to his products. It’s been said that choosing what not to do was more important to him than choosing what to do.

18. Create a unified team. Under Jobs, the executive team at Apple held weekly meetings to review every single product under development, and handed responsibility for all expenses to its Chief Financial Officer alone. Jobs thought that Sony, for example, had too many divisions to create a viable iPod, iPad or iPhone competitor. “It’s not synergy that makes [Apple] work,” he said, “it’s that we’re a unified team.”

19. Teach your company your vision. Apple hired an academic from Yale Management School to create an “Apple University” inside the company, so that his knowledge could be passed on and the structure and vision of Apple could be taught to future employees.

20. Create buzz. Apple creates a lot of hype by keeping its new products a secret until the very last minute. Although the policies of its tight ship are occasionally controversial, it seems to have incidents in which employees leave prototypes in bars fueling even more speculation on the web about the next iPhone.

21. Keep a Beginner’s Mind. “There’s a phrase in Buddhism, ‘Beginner’s mind.’ It’s wonderful to have a beginner’s mind,” Jobs once said. Keep a sense of exploration and wonder in the world.

22. Be a yardstick of quality. “Some people aren’t used to an environment where excellence is expected,” said Jobs.

23. Think differently. Although the Apple stores were considered a huge risk, Jobs pushed ahead with the idea, pointing out that “innovation distinguishes between a leader and a follower.” Apple now has over 357 stores worldwide, and in 2010 the stores earned over $3.2 billion, about 13% of total Apple sales.

24. Defy expectations- visually. At his 2008 Keynote speech, Jobs showed how the MacBook air fit into a standard office envelope, creating an image that no on could forget.

25. Stay hungry. Stay foolish. This was a phrase that Jobs saw on an issue of The Whole Earth Catalogue, a magazine he loved when he was growing up. They printed it on the back cover of their final issue, he described in his in his 2005 speech at Stanford. “I have always wished that for myself,” he said.

Steve Jobs father of Innovation and entrepreneur

Because of  Steve Jobs father of Innovation and Entrepreneur

Steven Paul "Steve" Jobs (February 24, 1955 – October 5, 2011) was an American inventor and entrepreneur. He was co-founder, chairman, and chief executive officer of Apple Inc. Jobs also previously served as chief executive of Pixar Animation Studios; he became a member of the board of directors of the Walt Disney Company in 2006, following the acquisition of Pixar by Disney.

In the late 1970s, Jobs—along with Apple co-founder Steve Wozniak, Mike Markkula and others—designed, developed, and marketed one of the first commercially successful lines of personal computers, the Apple II series. In the early 1980s, Jobs was among the first to see the commercial potential of Xerox PARC's mouse-driven graphical user interface, which led to the creation of the Macintosh. After losing a power struggle with the board of directors in 1985, Jobs left Apple and founded NeXT, a computer platform development company specializing in the higher-education and business markets.

In 1986, he acquired the computer graphics division of Lucasfilm Ltd, which was spun off as Pixar Animation Studios. He was credited in Toy Story (1995) as an executive producer. He remained CEO and majority shareholder at 50.1 percent until its acquisition by The Walt Disney Company in 2006, making Jobs Disney's largest individual shareholder at 7 percent and a member of Disney's Board of Directors. Apple's 1996 buyout of NeXT brought Jobs back to the company he co-founded, and he served as its interim CEO from 1997, then becoming permanent CEO from 2000 onwards .After resigning as CEO in August 2011, Jobs was elected chairman of Apple's board of directors and held that title until his death.

On October 5, 2011, Jobs died in California at age 56, seven years after being diagnosed with pancreatic cancer.On his death he was widely described as a visionary, pioneer and genius—perhaps one of the foremost—in the field of business, innovation, and product design, and a man who had profoundly changed the face of the modern world, revolutionized at least six different industries, and who was an "exemplar for all chief executives". His death was widely mourned and considered a loss to the world by commentators across the globe.

World is looking for a man to follow the Steve and we need . A real man who did some thing for us .

We remember him with new technology, all happened in Apple company these years . An MP3 in your pocket or iPad , iPod , iPhone and any technology in your pocket .

Internet , MP3 , music , video and communication , computer in your pocket . 

This is a book regarding to the Steve Jobs

The idea : any thing without button as like Steve has done ,a minimalist idea , small and powerful, including beauty .