Economic Perspective on Entrepreneurship - Ateeya Manzoor

The concept of entrepreneurship is multifaceted. There are varied, diverse and somewhat contradictory sets of definitions of the term. As a way out the definitional dilemma, this article aims to explain the economic perspective on entrepreneurship.

The economic perspective rests on certain economic variables which include innovation, risk bearing, and resource mobilization.

Innovation/Creativity: In this approach, entrepreneurs are individuals who carry out new combination of productive resources. The key ingredient, the carrying out of new combination (or innovation) distinguishes entrepreneurs from non-entrepreneurs. While new venture creation appears as the most prevalent form of entrepreneurship, there exist other forms. Entrepreneurship also involves the initiation of changes in the form of subsequent expansion in the amount of goods produced, and in existing form or structure of organisational relationships.

In the entrepreneurship literature, some scholars have questioned the use of organization creation as criterion for entrepreneurship. It has been argued that organizations such as political parties, associations and social groups are always created by people who are not "entrepreneurs." Interesting as it might sound, the terms entrepreneurship and entrepreneur have been adopted by varied scholars to meet the innovation and spirit of the time. This is evidenced by attempts to apply entrepreneurial thinking to contemporary team-oriented workplace strategies. Members of such groups - political parties, associations and social groups - therefore, could be called entrepreneurial teams. Besides, activities inherent in such groups have flourished in recent years, and are increasingly being described as social entrepreneurship.

Risk Taking: This is another economic variable upon which the economic perspective revolves. Risk taking distinguishes entrepreneurs from non-entrepreneurs. Generally, entrepreneurs are calculated risk takers. They bear the uncertainty in market dynamics. This notion has its critics and advocates. Entrepreneurs may not necessarily risk her own funds but risk other personal capital such as reputation and the possibility of being more gainfully employed elsewhere.

Resource Mobilization: here, entrepreneurship is reflected in alertness to perceived profit opportunities in the economy. This implies the allocation of resources in pursuit of opportunities with the entrepreneur playing the role of an opportunity identifier. This way, entrepreneurs are distinguished by their ability to identify persistent shocks or challenges (of long term opportunities) to the environment, and then to synthesize the information and take decisive actions based upon it.

This article has conceptualized entrepreneurship based on resource mobilization, risk taking, and innovation. Beyond the above-mentioned economic variables, entrepreneurship can also be viewed based on a set of personal characteristics, motives and incentives of the actor in the entrepreneurship act. This is the psychological perspective, the subject of a future article. In addition to the psychological perspective, we shall also examine the process and small business

Ms. Ateeya Manzoor is a managing director and management strategist and partner at Mayfair Management Group.
As a professional with over fifteen years of experience, Ateeya Manzoor has worked with a large range of clients in various industries and sizes, ranging from large publicly traded financial institutions and technology firms, large resorts to midsized oil and gas companies, to small non-profits requiring a fresh perspective.
To read more, please visit here: http://ateeyamanzoorpost.simplesite.com

A Look at Stock Trading From a Business Perspective by Ateeya Manzoor

Because of the large size of the stock market, beginner investors seem to feel overwhelmed as to where to even begin investing their money. To most people, the market presents a tangled web of options but does not provide the road map of clarity to direct their way along way in their investment adventure.

Ateeya Manzoor believes that the key to investing in stocks is to become as educated as possible so that you know exactly what is taking place at all times. This helps people to make logical and sound decisions about their money, thus, reducing the stress involved with investing.

The average person, when beginning to entertain the idea of investing in the market, falls into one of two categories. Category one is the gambler who feels that investing is definitely a form of gambling and no matter what they do, they are certain that they will lose money rather than make money. It seems that this opinion of investing in stocks is either formed from friends and family that have lost in the stock market or personal experience.

If a person has personally lost in the stock market, it is quite evident that they were not educated enough at the time of their investment into the stock market. Therefore, they must become educated as to what exactly the stock market is as well as how it works in order to become successful investor.

Category two, on the other hand, represents the "go-getter" investor, which is an individual who knows that they should invest into the stock market for the security of their financial future, but they have absolutely no idea where to begin. The "go-getters" tend to leave their financial decisions up to professionals; therefore, they are unable to explain why they own a certain stock.

A typical "go-getter" operates in blind faith, as one stock goes up in value, they more than likely will purchase it. The "go-getter" is in worse shape than the gambler in that they will invest like everyone else and then wonder why they receive unsatisfactory or devastating results. This just proves that the average person should become thoroughly educated about the stock market as well as stocks before investment takes place.

Ateeya Manzoor is a managing director and management strategist and partner at Mayfair Management Group.
As a professional with over fifteen years of experience, Ateeya Manzoor has worked with a large range of clients in various industries and sizes, ranging from large publicly traded financial institutions and technology firms, large resorts to midsized oil and gas companies, to small non-profits requiring a fresh perspective.
To read more, please visit here: https://ateeyamanzoor.wordpress.com/

Invest in Oil and Gas Opportunities - Ateeya Manzoor

Investing in oil and gas opportunities being offered by the best oil and gas companies is a sure way to beat the stock market these days. It has to be done correctly and only with the very best companies. Ms. Ateeya Manzoor suggests that Companies that you choose to invest in must be successful and knowledgeable of the risks that go along with drilling for oil and gas. They must know how to handle and manage these risks, have best technology, hire the best contractors and drilling companies, and be able to perform well in all market conditions. By investing with consistently well performing companies, you minimize your risk.

There are many areas of concern when investing with oil and gas companies. Beware of quick estimates of cash flow distributions from newly drilled wells. At least 90 days are needed to begin to receive income from new development activities. New wells require fine-tuning and purchase contracts need to be negotiated, especially when drilling deep onshore or offshore wells that have large commercial reserves. The process usually takes between 6-12 months for cash flow to really begin. Big companies want to establish long-term cash flow and not shallow wells with short-lived production, something to keep in mind when considering investments. Successful companies do not entertain wells with rapidly depleting reservoirs, they want to maintain revenue stream for a longer period of time.

Another area of concern is to be sure that the tax write-offs are legitimate and properly listed in their yearly K-1 reports. These reports are prepared by the development companies and sent to the IRS yearly. That way, you can get all of the tax benefits available from the investment to lower your taxable income from all the sources. A combination of these areas: cash flow from oil and gas revenue distribution, your return on investment, taking advantage of your legal tax benefits, and trusting the companies you are investing with are essential to the success of your oil and gas investment.

This requires a level of sophistication, only possessed by top individuals in the business. If you decide to invest in this arena, do not attempt to do it without professional guidance.

Ateeya Manzoor is the Managing Director of Mayfair Management Group.
As a professional with over fifteen years of experience, Ateeya Manzoor has worked with a large range of clients in various industries and sizes, ranging from large publicly traded financial institutions and technology firms, large resorts and entertainment venues, to midsized oil and gas companies, midsized medical and quasi medical coaching practices, to small non-profits requiring a fresh perspective.
For more info about Ms. Ateeya, visit here: http://ateeyamanzoor.bcz.com/about/

Ways by Ateeya Manzoor to Raise Funds for Charity Work

It is quite obvious that in order to help the underprivileged people the charity organizations need to be financially strong. Otherwise, the members will find it difficult to give them the financial support. This is why; if you are planning to set up such an institute you need to know some of the effective strategies regarding fund raising for the philanthropic activities.


There are usually a number of ways, which you can adopt for collecting money from market. Among them some of the most popular ways enlisted by Ateeya Manzoor are as follows:

Street Fund Raising

You can appoint some people, who will stand at different locations and through their conversation will let the people know about your organizational activities. If these people are convinced you will see that they are contributing money at their own will. Since it is a part of charity fund raising campaign, do not force anyone to contribute. If they think that they should get involved with such a good work then only take money from them.

Sponsorship from Corporate Organizations

Getting corporate sponsorship is indeed one of the best ways to accumulate money. Nowadays, there are several reputed business institutes that prefer to be a part of such charitable work. So, get in touch with those companies and ask for donation.

Auctions for Charity

Usually, people donate items to auctions and the money acquired from those staff is donated to the charity organizations. In recent times, there are also a number of online auction websites, from where the general people bid on items.

Organizing Cultural and Sports Events

Sometimes, such events are organized in order to raise funds for charity work. In such type of shows, well-known people perform and participate. This is why; people purchase tickets and the money they spend for buying their entry fees are donated to the charity fund.

Arranging a Rubber Duck Race

Usually the philanthropic institutes buy the ducks in bulk and then ask for permission from the local council for organizing a duck race there. Thereafter they invite people, who will sponsor those ducks. Usually, each person sponsors one duck and the one who wins among them gets good amount as a prize. Thereafter this sum of money is transferred to the charity fund.

Though, there are plenty other ways, these are indeed the most effective techniques. So, if you are in need of money for your charity organization you can go for these options.


Ateeya Manzoor is the Managing Director of Mayfair Management Group.
Ateeya has a commitment to realizing potential which extends in her philanthropic work. Through numerous charitable causes, talks, writings and mentorship, she is committed showing those who struggle that there is always a way to ascend. She is currently working on her first book.
To read more, please visit here: https://ateeyamanzoor.wordpress.com/