SCSDI

Establish goals of the enterprise and develop plans to attain goals. Common to all business organizations is the pursuit of profit. They may vary in strategies of achieving or maximizing profits.

Organize people and other resources to achieve goals. Resources and activities of the enterprise must be grouped in such a way as to ensure efficiency and economy.

Lead and motivate people towards the goals of the enterprise. The entrepreneur must be a good leader and effective motivator. He must be able to stimulate his employees to give their peak performance for the best interest of the enterprise.

Maintain sufficient control system to ensure that the enterprise is moving well towards its goals. The entrepreneur must evaluate and regulate current activities to make sure that gaols are realized. In case activities are not on schedule or out of line, then corrective actions can be done.

Entrepreneurs play a very important role in economic development. They are the ones who create goods and services and jobs. Considering our poor economy, there is clearly a great need for more and more entrepreneurs in our there is clearlt a great need for more and more entrepreneurs in our country. Prices of goods are high because their supply is scarce. Jobs are few because economic activities are also few. In Japan and other industrial countries, they experience labor shortages due to so much activities in agriculture, trade and industry. They use machines and import labor from poor countries with labor surpluses.

With proper and adequate assitance programs government can develop a larger entrepreneurial economy. Priorities should be focused on micro and small enterprises. Such mass and community based projects utilize local labor, material, management and technology. Hence the poor masses are benefitted.

The business community needs to rethink its role in the new economy. Business should provide leadership for the broader changes to come, not only through altruism but also through self-interest. The success of businesses will depend on the rapidity and smoothness of the societal changes that are being unleashed by the I-Way. Business in any nation-state can succeed only if it has a new-economy workforce—one that is educated, motivated, stable, and healthy. And domestic markets will be viable only if they are supportive of innovations, see the social benefit to themselves, and have confidence about their personal privacy.

Corporations have never lived in a social vacuum. The- have always had an interest in the sociopolitical environment.  Companies gave to charities, support political parties, invest in social projects.  Conversely, companies have been able to operate in unstable volatile environments, but that’s not where they put their head offices and key assets.  However, as the shift to the new economy gains momentum. the links between economic and social transformation become intense. The federal deficit is a tame problem compared to the potential social deficit lurking in the wings of a poorly managed transition to the new economy. Furthermore, as the world becomes a smaller place both for companies and customers such links grow on a global scale.

As networks proliferate and new companies and individuals innovate to create wealth (using the new infrastructure) knowledge is dispersing and along with it—economic and political power.

More than ever knowledge is power. In the emerging digital economy, what people know matters. What they know about new production processes. What they know about where to find information on organic bread or energy efficient heating. What they know about the occupational health or learning needs and services of their community.

Today, as most innovative organizations already understand, the capacity for knowledge in action is the predominant source of economic advantage. People are the source of knowledge in action. People are the prime engine of economic power. In innovative start-ups, such power can correspond to income and wealth. In larger companies there is still dissonance between contribution and rewards—between ownership of the new means of production and ownership of wealth. But as Miller says, the genie is out of the bottle.