People often say that education is the key to success. With education, people will be able to survive life with less difficulty through decent and high-paying jobs. For that reason, parents try their best in giving their children the education they needed. Indeed, it is true that with education, they can have a better future. However, there is something off about what people thinks or to be exact, the usual mindset of people.
As discussed in our class, the usual mindset of people especially parents is that, children will have to attend school, should strive hard to attain good grades, earn a degree, and have a successful job with a better position. In this case, they need to find a job that would fit their specialties and a company that would offer high-paying jobs. Sad to say, those companies who offer high salary are those outside their place and foreign countries. Now the tendency in this scenario is that, people will grab the opportunity in higher businesses leaving their hometown in a still position. This kind of cycle continued for how many generations until such people with alternative mindset worked on it.
Based on what was said, I have thought that this is really what my parents, and billions of people think. Even myself, I admit that I once thought that maybe going to other places would cause people to earn more money. I closed my mind with these thoughts until we discussed in class, the matters in having an alternative mindset.
Now, what would be the alternative mindset for this? Just like the usual, children will have to attend school, acquire good grades, earn a degree, and have a job. The only difference is when people finish their studies and be gainfully employed. Instead of leaving their places for high paying jobs in other places, why not establish a job in their own place; earn money more than what they get in other places and have a chance to develop their very own hometown. This is what alternative mindset leads people – entrepreneurship. In addition to that, since the modern generation today revolves around technology, why not be an entrepreneur in the field of technology, or as what they call, technopreneurship?
People who enter into new and pioneering ventures are call entrepreneurs. And starting up a new business is called entrepreneurship. On the other hand, technopreneurship is entrepreneurship in the field of technology. In this area, people need to use their whole brain, the left brain for logical thinking and right brain for creative thinking, to have best results. It requires characters such as hard-working, have goals, a risk-taker, and most of all, committed. And the best way to know how to be a competent technopreneur is to gain knowledge in the course model called SEED where it stands forSelf Mastery, Environment Mastery, Enterprise Mastery, and Development of Business Plan.
Through SEED, we can have step by step analysis on how we are going to start with our goals. The first one is self-mastery. In this category, it tests how far we really know ourselves. It’s like, we need to know our selves deeper to know what our passion is and with that passion, we can be able to bring out the best we can be. And as what we have discussed in class, a self-mastered person doesn’t need to have a very high IQ. It just needs high EQ and AQ, and also competency and efficiency to be able to handle the business well. The person has to know its own strengths and weaknesses because through weakness, we can gain our own strength. To sum it up, the first step in everything is to understand thoroughly how we naturally work.
The second one is environment mastery. I have mentioned above that people can establish businesses in their own hometown, but to do that, they must be very familiar with their place. They may already be accustomed in their own places but it is still important to know how people work in certain areas, and the commonly and mostly needs and wants of these people. I think this is an essential part of being an entrepreneur since you have to thoroughly investigate the place to have assurance that what you would establish or develop would appear appealing to people.
The third one is enterprise mastery. In this field, the entrepreneurs would be able to learn how to run a business. They would be able to comprehend how the different management works. Like, in this area, they would start understanding the information of the parts in building enterprises, and after apprehending, they would be able to put it up together.
Last but not the least is the development of business plan. After knowing and understanding yourself, the environment where you would build your business, and how an enterprise works, it would all be put into action which is the developing the plans. Developing business plan involves writing the business plan, presenting it to people, and defending it to be able to prove how it works, and if approved, adding some refinements to make it perfect. This last step in the course model is a very big step towards the next level because people would now be able to make it real. They would have the chance to establish their thoughts and to be part in job creation.
Now what is job creation? As what I have read from prnewswire.com, job creation is not about providing jobs but for supporting the ideas that creates job. The said ideas will lead to a real innovation where in these innovations will change the world and could eventually employ the world. It is also stated that entrepreneurs and government go side by side and depends on each other when it comes to this matter. This is because these two acts socially responsible when they have to employ people. Job creation also has different definitions and methods.
The first one presented is the job creation by government spending/stimulus. In this way, government can stimulate job creation when it invests in projects that improve or create new services. These activities include the releasing of contracts to the private sector for infrastructure, engineering, justice, and many others. Other way in which the government creates jobs is by issuing special grants for privately run programs. These are often for special studies and research. Grant receivers do employ people. However these grants are often connected to special favors called earmarks. These seemingly good gestures destroy independent innovation that is developed by unconnected science communities and can cause discouragement to innovate by others. The government also often decides to grow itself and hires new government employees. Some people argue that the bigger government gets; the more overhead private taxpaying industries must pay to support the costs of government.
In my point of view, the reason why most ideas are being thrown in trash is because of the lack of support in funds and other matters from the government. There may be projects and ideas which are thoroughly supported but not all are given the chance. This may also the reason why only few technologies are produced by the country. Unlike in Japan and other countries where the people with ideas can have all the resources they need for their projects to be produced. However, the government may have enough reasons why it ended the way it was. It was also just fortunate for others who have found companies or private agencies which offers job creation.
The second definition presented in the job creation influenced by legislation and monetary policy. A change to monetary policies, tax incentives and changes in regulations effects employment. The government needs tax revenues and walks a fine line trying to measure the complicated causal effects of their actions. Good intentions can stray an economy as the actors in the theatre of the economy react to a multitude of conditions at once. These rules and regulations are what established businesses love or hate. The more often there are major changes to tax structure and regulation, the more often there are major movements in rates of employment, either job creation or job destruction. Too many changes can hurt an economy and too little can damage an economy. Again, it is a balancing act that is becoming more and more difficult with the existence of special interest lobbyists, non-profit Political Action Committees with noble concerns over social issues and the environment. Government actions do matter
I guess this kind of definition is a very big one since every possibility is counted. The people here should be very cautious in their action in order for them to maintain the balance that they are protecting.
The third one is the job creation using a market share approach. Job creation can occur when the unemployed become ambitious and start their own business in easy entry industries and markets. This is usually accomplished when an unemployed person turns into an entrepreneur and goes into business to compete in the industry they were familiar with for many years. These new businesses' create jobs simply by innovating and implementing the ideas that were ignored when they were employed. Most small businesses that begin come to the rude awakening that "it's not that easy" but survivors tend to change entire industries that were stuck in operating the "same old way" for years. This also leads to lower prices, stable wages, higher revenues and growth for services in that industry.
This kind of approach is most likely the common one. I think most entrepreneurs especially those who just have started are given this type of job creation since it is also a convenient one. It is also a type of approach where you could work independently and see if your ways are effective. It can also show what improvements you could have and other matters.
The fourth one is job creation through ideas: Innovate, create, invent, and invest. The most difficult but the most effective way to create long-term employment is to create new industries. It truly is the hardest way but the best way to continually grow an economy that can support its citizens with employment. In the 1990's the computer desk-top industry exploded along with the internet industry. It was a time of high prices for technology, confusion in this new young technology industry and lots of good paying jobs. It is possible to see new industries surface suddenly as we maintain the free markets environment and investment becomes more transparent and accessible to everyone.
As what was mentioned, it is the hardest yet the best way. It would really bring out the best of an entrepreneur since it requires good skills and knowledge about what they are trying to do. This also implies the requirements of being an entrepreneur which is to have whole-brained since it needs a lot of thinking, being a risk-taker since it would be a high risk, and being efficient since it has to be in an orderly manner. However, if all of these can be overcome, then good results may be coming in your way.
But apart from the presented ideas of job creation, there is also other way which was discussed in the class. It is the technology ventures which consist of human resources, financial resources, environment, and laws. For the human resources, it involves the Academes, the Research and Development Centres, and many others. In environment, it has IT Parks, Science Parks, Incubation Centres which could be a good starting point for technopreneurs, Infrastructures, and others. The financial resources are the investors and other agencies which could fund the business plans and other projects. And lastly are the laws and policies which are implemented.
Indeed, technopreneurship is a hard thing to do since it requires too much in a person. But then all of these will be all worth it if we would be aiming for excellence. After all, technopreneurship may be the most difficult one but the best way to be able to gain success.
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