If there were one thing central to doing business, that would be towards developing your self. And that exactly what famous entrepreneurs go through.
Well, it's only between them and themselves after all. The battles they have to get through and the risks they needed to confront to be able to get from square one to the second juncture of your business will all pour down as instruments for their own self-realization.
Since personal development is different from one person to another, we cannot give an actual characterization or pattern for various stimulus (e.g. risk taking, failure of business transactions, lack of funds, etc.), even as we see them unfolding for famous entrepreneurs.
If you want to be like them, it would not harm if you follow these guidelines.
Discovering where you are good at is one of the earliest stage in becoming an entrepreneur of your own business. Knowing your forte and turning it into productive means will not only produce a good source of income for you but will also extensively nurture you as a person. There is no telling how much you would improve once you become the founder of a business you decided to take.
As many of us would agree, getting the most of life's lesson will only be possible if you are taken at the center of all the challenges. That way, you would get to experience things first hand. And you would learn to cope up with the pressing problems in ways you thought would have been impossible if you were not the captain of it all.
In a sense, venturing into business entrepreneurship does not only mean that you'll get better (or worse) financially. It also requires you to develop yourself full-blown depending on your reactions to specific risks and problems you would have deal with.
Operating a new enterprise or embarking on a new operation you have not done before is surely a thing that would create developments in you. Before you do you must know the risks and be able to prepare yourself with the possible failures that are their eternal parts. The way you would handle them will be able to test your limits and will be used as boundary points when similar undertakings come in the course of your business. You must know that you alone is accountable for all your decisions in attempt to make your own business grow. You must understand that it is not those who labor for you or those who share the capital with you who will spell the success. It is you, as the entrepreneur will decide what courses to take. Thus you'll either lead your group to success or failure.
With each trials you have, you and your group will meet new changes that will require you to go with the flow or to go beyond it. Both ways, you will hone yourselves. Both ways, you will learn to cope. And both ways your personalities will be taken into newer heights. Thus you will develop.
Therefore, personal development in the business world is largely dependent on how you manipulate factors.
Chances are small that you would not grow, even if your business fails. The fact that you have taken responsibilities on things that only few take is reason enough for you to consider as a pathway for self-realization.
Business entrepreneurs are specifically knowledgeable of the opportunities that lay in their paths. They are keen to various chances in pursuing growth in areas like professionalism and personal development.
Some may not actually realize the extent of their progress. Nevertheless, once something is changed in them and that something has changed towards good, there is absolutely a degree of productive change which whether they choose it or not, will be applied to other things important to wholesome living.
As we have repeatedly implied, the opportunity for personal development is high in the business world. Business entrepreneurs, to be able to meet success, should have a good combination of attitudes, skills, beliefs systems and training. All these would work together towards extending product services to those that need them.
People who have been through extreme hardships are those who are most beautiful. They have learned to take risks and turn those risks into opportunities. They have learned to compromise their present leisure in exchange for future growth. They have learned to welcome failures and prove other people's doubts wrong. They have learned through their everyday business battles that it is always too late for giving up.
With a population of 148 million and the second largest economy in the continent after South Africa, the state of Nigeria's economy is a bundle of extreme contradictions. The US sources 10% of its crude imports from abundant oil fields in the Niger Delta, a region that is also home to one of the largest know natural gas reserves in the world. Despite these natural endowments, Nigeria is crippled with rampant poverty and depressing macroeconomic indicators and human development indices. Unemployment is endemic and more than 54% of its population lives on less than $1 per day. Decades of political turmoil, civilian unrest and large scale government mismanagement are largely to blame for this state of Nigerian affairs.
The Business Intelligence Market Outlook: Key drivers, market challenges and vendor strategies for future growth
IT majors need a new rallying cry to get big businesses and wider user communities excited about new types of IT systems, driving IT spend across the wider economy. There is a sense of agreement among the leading IT vendors that Business Intelligence (BI) is that rallying cry. Key IT vendors such as IBM, SAP, Oracle, Microsoft and SAS have made a series of acquisitions in the space, and the centrality of Business Intelligence in their overall marketing messages is testimony to the emergence of Business Intelligence as the ‘next big application of the future'.
This report closely examines the Business Intelligence supply side, looking at how BI vendors are performing in the context of helping organizations to understand their past state, comprehend their present state and predict what to expect in the future.
Beyond the BI supply side, this report assesses the state of the global BI market from the demand side perspective. Demand side analysis investigates the uptake of BI globally, investments on current BI use and planned future use, and usage of BI in key verticals such as banking and insurance, healthcare and pharmaceuticals, government, retail and telecom.
Key features of this report
• Definitions of key terms
• Provides Business Intelligence market sizing and forecast to 2013.
• Analysis of proprietary data related to Business Intelligence usage gathered from surveys of CIOs across a wide variety of vertical sectors and geographic regions, and of leading BI vendors.
• In-depth examination of key vendor offerings and strategies.
• Case studies of organizations that have adopted Business Intelligence.
• Analysis of key technological and market issues affecting Business Intelligence market growth.
Scope of this report
• Establish the size of the BI market and identify growth drivers and patterns.
• Understand the challenges that still stand in the way of BI market development.
• Identify the types of organization that are adopting BI by size and vertical industry.
• Identify the buy-side priorities in the context of BI usage.
• Gain insight into future BI usage by enterprise functions and components
• Gain insight into the offerings and strategies of key and emerging vendors in the BI space.
• Gain insight into the direction in which the BI market is heading and what it could offer in the future.
Key Market Issues
• BI is increasingly becoming a central theme in most major IT offerings. Key IT vendors such as IBM, SAP, Oracle, Microsoft and SAS have made a series of acquisitions in the space, and the centrality of Business Intelligence in their overall marketing messages is testimony to the emergence of Business Intelligence as the ‘next big application of the future'
• Growth of the BI market has been phenomenal. BI is probably one of the very few segments of the IT market which has seen double digit growth in this difficult economic climate.
• Mega-acquisitions have had a far-reaching effect on BI market development. The impact of IBM, SAP and Oracle's entry into the BI market through their recent BI pure play acquisitions is propelling these IT majors to position themselves further away from being fixated with a particular type of data format, towards enhanced understanding and capabilities of managing diverse data types and formats.
Key findings from this report
• The global Business Intelligence market was worth around $8.4bn in 2008, and is forecasted to grow to $13bn by 2013.
• Market growth will be driven by factors including acquisition synergies resulting from data management providers acquiring pure play BI vendors, leading to new types of business analytics services and therefore new market opportunities. Other key drivers include increasing uptake of BI and business optimization, an overarching need for business transparency, better corporate governance and the need comply with stricter regulations.
• Of those organizations which do not currently use BI tools, the biggest barriers to uptake are cost and complexity.
• A lack of mining capabilities for unstructured data such as text, incompatibility of BI solutions with inter-vendor ERP/CRM systems, and lack of understanding of available BI services among the mid-market users are major stumbling blocks for wider adoption of BI.
• The vendor landscape is heavily dominated by the big five: IBM Cognos, SAP BusinessObjects, Oracle Hyperion, SAS and Microsoft.SAP. BusinessObjects and IBM Cognos lead the global BI market followed by SAS, Oracle Hyperion and Microsoft.
Key questions answered
• How big is the global BI market?
• What is driving BI market growth?
• What types of organizations use BI? In which enterprise functions? For what purposes?
• What are the main priorities for organizations, and how does that relate to their usage of BI?
• Who are the leading players in the BI vendor space? What are their growth strategies?
• What does the future hold for BI?
• How can BI deliver real value to the end user?
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