jared_Kiasa_Otieno_Employees

Jared_Kiasa_Otieno_Employees

You hire your employees because of their skills and traits. You should then empower them to do their jobs by trusting them to make their own decisions. As an entrepreneur do not micromanage your employees. You should believe and trust that they are doing their best to help the company achieve its objectives without having to look over their shoulder. Good entrepreneurs create the feeling of company ownership in the employees and this helps to support the growth company vision.

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JaredKiasaotieno_Entrepreneurship and Innovation

An entrepreneur is a person who starts a new business. That’s not necessarily innovative, but it can create new jobs and new wealth, so it is valuable. Sometimes, entrepreneurs create new businesses based on new ideas, either inventions or new innovations. However, a person running a McDonald’s is also an entrepreneur, but not necessarily innovative. Innovation can happen in any organization, of any size. An innovation is a new idea that is put into valuable or profitable action. Innovation is a part of our daily life.

An innovation can be created by an inventor who then licenses her invention to others to commercialize, or commercializes the concept herself as a small business person – in this case as an entrepreneur. An innovation can (and often is) created by a large organization to disrupt an existing market space or create an entirely new market (the iPod or Flip Video recorder are two good examples.
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