Theory Research Paper Example | Topics and Well Written Essays - 750 words

Theory - Research Paper Example The tolerance of others’ viewpoints and open attitude towards change along with having the scientific bent of mind are the concepts of basic philosophy for REBT theory. The aim of this motivation is to make people live happily while they are with others or in intimate relationships. The motivation provides an opportunity for people to strive towards happiness, while learning, working or enjoying. The â€Å"ABC† constructs of this theory refers to some event that happens to people, called as ‘Antecedent’, People’s thoughts with reference to such happenings, reflecting what happened in the event, which refers to ‘Belief’ and the ‘consequence’ of individual thought process or belief. This reflects behavior of people and their emotions, resulting from such thoughts. There is no particular theory as each individual is influenced by certain hereditary beliefs, which lead to thinking or acting irrationally and reacting emotionally. The environment that involves parents, teachers, peers and siblings are some of such influences. REBT relates to dysfunctions, which include any person’s irrational belief system generated from an experience, leading to undesirable situations and consequences. The concept of psychological health relates to the defeat of this human natural tendency, while preparing the individual for relying on rational beliefs, using the principal of unconditional acceptance. This theory teaches about balancing the social interest with self-interest, required for healthy living philosophy. (Jorn 2009) Albert Ellis is the founder of this theory, who presented it in 1950s to enhance the techniques of psychoanalysis and behaviorism, while fully addressing the relation between cognition and emotional disturbance. Developing the ABCDE model of this theory in relation to emotional disturbance, Ellis discovered the core irrational beliefs, which included demand for comfort, approval in love matters as well as demand

Explain the different conceptions of entrepreneurial strategies Essay

Explain the different conceptions of entrepreneurial strategies provided by Schumpeter (1996 and 2000) and Kirzner (1997). Use - Essay Example This appraisal is based on five different set of ideas which can be described as disequilibrating/ equilibrating, or new information or no new information, extremely innovative or not as much innovative, exceptionally conventional and originally imaginative innovation. The next step would be to assess the types of opportunities that can be commercially recognized and used beneficially (Beam, 2007) Perception The general perception is that individuals who are tough, resilient and progressive are most likely to favor Schumpeterian opportunities, and they persistently try to find inventive ways and means to expand their company. Besides their considered directions for their enterprises is to fulfill future requirements by developing practical and practical products, while individuals who concentrate on current demands have a tendency to pursue Kirznerian opportunities. This is the major inherent difference between the Schumpeterian and Kirznerian formulation of entrepreneurship; one tak es the economic systems away from stability while the other proposes a system that will ensure equilibrium. Both theories are pertinent and applicable to entrepreneurship in different ways. Some entrepreneurs establish their businesses and work towards its expansion and growth; while there are entrepreneurs who seize opportunities as and when presented and capitalize on the presented opportunities. Case Study of Ed Bazinet Schumpeter contends that the main distinctiveness of entrepreneurship is to bring together existing resources using a new and innovative approach. This is not a regular process, but it results in the acquisition of the latest knowledge and creation of new goods, which needs a new supply sources for production of these goods. This form of entrepreneurship creates a monopoly position for that organization. A case study is given of Ed Bazinet who was an extremely successful businessman. He came from a working class background, and although he was interested in busine ss he had no money to start one. He started working at a job as a purchaser to get the requisite experience, and travelled continuously to analyze markets. He began to buy up decorative pieces and found markets for the products. He called his enterprise Department 56, and its inception makes interesting reading. In 1971, Bazinet received a visit from potter who made his living by making ceramic items in his garage and selling them. The potter showed Bazinet as a ceramic Victorian house shaped like a cookie jar. Bazinet perceived a business opportunity where others had not. He asked the potter to modify the item by making a window in it, and place a light inside so that it would glow and can be used as a nightlight. The original 6 houses sold immediately, and there was an immediate demand for more. The potter did not have the resources to mass produce these miniature Victorian houses, so Bazinet had the houses made in Taiwan, and that formed his original snow village. The reason that made these villages a business success was the idea of the creation of entire snow villages with houses and components of every imaginable depiction. An outstanding feature of snow villages created by Department 56 was that they have Styrofoam and cardboard fitted sleeves which protect them from damage. The business further prospered with the