Business problems in entrepreneurship

Posted by Imam Larh on Tuesday, 13 March 2018

1. Business problem-solving abilities (solutions)
One of the most important responsibilities of entrepreneurs is to solve scientific problems in business. Entrepreneurs should be able to analyze by collecting data, processing them, analyzing, interpreting and drawing conclusions from the analyzes. Solving that problem is a very important activity in business or business. 

Skills acquired by Entrepreneurs will be a provision in solving problems in business or business activities. Although the problem does not have the right problem, the final decision to decide the best solution is up to the Entrepreneur. 

Problem-solving and how to solve it in business or business, in fact not so difficult if an entrepreneur has a lot of experience in the business environment or business. If the issues have been determined and all the information and data issues have been collected, an Entrepreneur must identify all the ways in which solutions can be solved. 

An Entrepreneur should look at problems from various angles and find new ways to solve the problem. If the group of company employees reduces the number of choices of the problem, here Entrepreneur must consider the problem, to be broad and deep. If an Entrepreneur in his business or business reviews all possible troubleshooting on the list, then some solutions can be combined, while other troubleshooting others can be set aside.

The following criteria may be very useful if an Entrepreneur wants to evaluate the solution of the problem proposed.
a. Is there a problem that can not be resolved?
b. Is the solution workable?
c. Can problem-solving be based on theory, logic, and experience?
d. Is the solution logical?
e. Are additional issues arising from troubleshooting results resolved properly?

As for the problem-solving procedure, the steps are implemented using the scientific method as follows:
a. recognize the problem in general;
b. formulate the problem correctly and correctly;
c. identify the key issues to be solved in relation to;
d. Determine the facts and important data related to the problem.
e. Determine the theory and problem-solving approach
f.  Consider the various possible ways out of the problem.
g. Choose a workable solution.
h. Check to see if the solution is correct.

Scientific thinking can be done with systematic, goal-oriented steps, and using certain methods to solve problems. In broad outline, scientific thinking can take place in solving problems with the following steps.
a. Formulate goals, desires, and needs, both for yourself and for others.
b. Formulate problems related to efforts to achieve goals.
c. Collect relevant information relating to the problem under consideration.
d. Compile objective facts related to the problem of thought.
e. Processing facts with certain thinking patterns, either inductively or deductively.
f.  Choosing the most appropriate alternative.
g. Examine the alternative by considering the law of cause and effect.
h. Find and believe in ideas.
i.  Spark the idea, both orally and in writing.

2. The characteristics of business problems
An entrepreneur must be creative especially in taking and setting issues. The problems are
faced by entrepreneurs, should be actual and interesting issues. The problem should contain several possible alternative actions among several alternative choices in problem-solving. Such a solution is one application of Dewey's theory of reflective thinking. According to Dewey, an entrepreneur who thinks reflectively should:
  1. Feeling hesitant, confused, and troubled.
  2. Formulate the problem to solve to overcome the confusion and confusion.
  3. Test the hypothesis by collecting factual data as an attempt to find a way to solve the problem, so that tension or uncertainty can be overcome.
  4. Develop ideas to get the best solution for upgrading.
  5. Taking conclusions backed up by facts, or valid experimental evidence and rejecting conclusions that are not supported by valid data.
The wider conditions of an entrepreneur are required to pay attention to the development of regional autonomy in which it is located so that the broader range of issues (macro aspects) that affect problem-solving and problem-solving. As a result of Government policy changes, monetary changes and changes in relations between countries including natural disasters affecting national development activities.

3. Business troubleshooting steps.
You must have a firm belief and be confident that you have established the right solutions. Problem-solving does not always take a regular and fixed mindset. Each Entrepreneur's experience in solving the same problem sometimes varies. The following is stated
steps in problem-solving, namely:
a. Realize and decide the problem.
b. Review problems and formulate problems.
c. Collecting data.
d. Data analysis
e. Interpretation and verification of data.
f.  Decision-making.
g. Application conclusion.

Sources Of Business Information.
1. Terms of information sources
In order to make the right decision, an entrepreneur desperately needs a complete and accurate source of business information. In addition to being complete, the sources of information must also be reliable. If the sources of information are incomplete data, then in decision-making and conclusions, as well as suggestions to be posted may be less than perfect. 

In the world of business and technology, information is the basis for observing form and business or business in the future. Dr. Alfred Osborne, Jr., Director of the Center for Entrepreneurship Studies, at the University of California, emphasized that information and the need to use information resources can create enormous business opportunities.

a. Various kinds of information required.
In the era of globalization, half of the workers in the field of services will move in the activities of collecting, analyzing, storing, and selling business information. As for the kinds of information required among them as follows.

1) Quantitative information
The quantitative information contains inputs of calculated values, such as weight, amount, pressure, temperature, and so on.

2) Qualitative information
The qualitative information contains inputs of perceived value, such as product changes, product quality, speed, heat, cold, and so on.

3) Control information
Control information, such as the description of instructions: whether a change in the product, model or design variables can run normally or not.

4) Symbol information
Symbol information, such as instructions in business signs. Reliable sources of information are those that are thorough information and appropriate to the company's needs. These sources of information are sources that can provide information on the amount of data and facts related to their product and marketing policies. 

The need for information resources greatly evolved to generate much information related to product marketing. Product activities require information on what to produce, how nature and requirements, how the quality, and how many products to produce. 

The marketing system should be able to provide information and determine how the market and consumer tendencies. Instead, the production system will provide information to the marketing department, about what will be done to be delivered to the market

The sources of information required by entrepreneurs must be complete, accurate and reliable. Therefore, entrepreneurs who utilize information should be able to collect, organize, process, deliver, and use the information.
  1. Problems should contain several possible solutions, thus activating the mind and will, as well as the selection of some alternative solutions.
  2. Timely, precise, and precise promise are the key elements of making decisions in business.
  3. The business opportunity is not an opportunity if it does not exist or is unable to find a possible and feasible action to make it happen.
  4. Key issues in any organization are issues that have no past experience at all but can be used as guidelines
2. Information required in the decision
Information is the success of decision making. The more complicated the business, the information system is increasingly needed by an entrepreneur. The speed of obtaining and receiving access to information is needed by entrepreneurs. However, how is the information needed by entrepreneurs? Information which is required by Entrepreneurs is as follows.
  • Information on persons, including the basic information, required: salaries/wages and safety and living safety habits.
  • Information on overall investment and investment per division: future view of business, wealth/debt, business sustainability.
  • Information on daily operations: cash receipts, payments in business, balance sheet and actual profit, capital structure.
  • Facts and data for business supporters and possible ways Entrepreneurs make decisions about business expansion: competitors, construction, factories, products, warehouses, marketing, and so on.
Information search requires careful and thorough observation, especially with regard to the following.
  1. Competitor
  2. Subtleties of marketing.
  3. Subtleties of management are required.
  4. Architectural and civil development
  5. Management and financial control
  6. Business experience and research.
  7. Reliable sources and data.
  8. Mapping survey management.
  9. Tourism development
  10. The development of tour packages
  11. Administration and bookkeeping.
  12. Treatment of production equipment.
  13. Technological development
  14. Accounting and auditing.
  15. Feasibility study.
  16. Price, promotion and distribution information.
The order of priority action in collecting the required information is as follows.
  1. Seeking information required and desired by entrepreneurs, but available.
  2. Seeking information is unnecessary and undesirable for an entrepreneur, but not available.
  3. Seeking information required and desired by entrepreneurs, but not yet available.
  4. Seeking needed, but unwanted and unavailable information.
  5. Seeking information that is needed and available even if undesirable.

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