The discussion is based on what entrepreneurship is. It also explores the qualities required by people to be successful entrepreneurs. The concept of business plan and proposal is included. The methodology used to implement a revolving fund at Chipinge Banana company has been analyzed. A few other case studies of how revolving fund was implanted on an international scene are also discussed.
Table of Contents
1. Introduction
2. Entrepreneurship and Organizational Skills
3. Revolving Funds: Definition and Purpose
4. Establishing and Maintaining a Revolving Fund
4.1 Phase I- Preparation
4.2 Phase II- development
4.2.1 Analysis of our Revolving Fund Proposal
4.3 Business plan
4.3.1 Analysis of the business Plan for Chipinge Banana Company
5. Methodology of implementation of the projects
Objectives and Topics
The primary objective of this study is to explore the practical implementation of entrepreneurial projects, specifically the establishment and management of a revolving fund within an organizational setting. The research investigates how such a fund can foster sustainability, provide social support, and improve the welfare of employees through collective action and disciplined financial practices.
- Principles of entrepreneurship and essential leadership attributes.
- The conceptual framework and sustainability benefits of revolving funds.
- Strategic planning and the role of business plans in organizational success.
- Case study of the Chipinge Banana Company revolving fund operations.
- Methodologies for implementing, monitoring, and managing community-based funds.
Excerpt from the Book
Analysis of our Revolving Fund Proposal
This proposal was made by the Human Resources Manager, after wide consultations with the majority of the people. The principle of democratisation was used here. What to include in the proposal came from the workers themselves through the surveys that were carried. Several meetings on discussing the proposals were made. This is in line with what Heath and Miller (2004:4) say, "social reality is constructed by many voices, which may compete with one another to have a final say...Best practices suggest that one consistent theme needs to be voiced by the organization." This was enhanced by giving all interested people the platform to freely say what they want. To create a sense of ownership the people involved must be truly involved; they must as well feel that they are involved; and observers must see that they are really involved. Many leaders make the mistake of faking people when taking their views. They involve them on the paper but disown them on the ground. That must not happen at all. Heather and Miller (2004:4) add, "Analysis of the dialogue surrounding a crisis can be sharpened by giving attention to the narrative elements that emerge as various groups interpret the crisis." This shows the need to get what the people really want and implement it.
Summary of Chapters
Introduction: This chapter highlights the growing global trend of fostering entrepreneurship among all organizational personnel to gain a competitive edge and details the focus of the study on the practical aspects of creating a revolving fund.
Entrepreneurship and Organizational Skills: This section discusses the critical qualities required for successful entrepreneurship, such as innovation, determination, self-discipline, and continuous self-renewal.
Revolving Funds: Definition and Purpose: This chapter defines the concept of a revolving fund as a sustainable accumulation of money used for specific purposes and explores its role in social capital and community development.
Establishing and Maintaining a Revolving Fund: This section outlines the structural phases for creating a fund, including preparatory steps, the creation of a business plan, and the specific application of these principles at the Chipinge Banana Company.
Phase I- Preparation: This chapter focuses on the foundational stage of identifying the revolving mechanism and creating a power map to garner stakeholder support.
Phase II- development: This chapter details the activities involved in gaining support, networking, and formalizing the project proposal through active employee participation.
Analysis of our Revolving Fund Proposal: This subsection emphasizes the importance of democratic processes and active voice in creating a sense of ownership among participants.
Business plan: This chapter explains the necessity of a clear roadmap for business enterprises and outlines the essential components required for a functional and effective business plan.
Analysis of the business Plan for Chipinge Banana Company: This subsection examines how the company tailored its business plan to incorporate both financial goals and employee discipline through a unique approach to fines and contributions.
Methodology of implementation of the projects: This chapter describes the practical execution of the fund at Chipinge Banana Company, from initial monthly subscriptions to the diversification into income-generating projects like tuck shops and gardens.
Keywords
Entrepreneurship, Revolving Fund, Sustainability, Business Plan, Social Capital, Chipinge Banana Company, Stakeholders, Financial Management, Innovation, Community Development, Discipline, Organizational Culture, Human Resources, Capital Creation, Economic Development
Frequently Asked Questions
What is the core focus of this publication?
The work focuses on the practical application of entrepreneurship within an organization, specifically detailing how a company can establish and run a sustainable revolving fund to support its workforce.
What are the central thematic areas addressed?
Key themes include the cultivation of entrepreneurial skills, the definition and purpose of revolving funds, the necessity of rigorous strategic and business planning, and the importance of community and stakeholder engagement.
What is the primary objective of the research?
The objective is to demonstrate how a revolving fund can serve as an entrepreneurial tool to improve the welfare of employees and provide sustainable financial support in challenging economic environments.
What scientific or business methods are utilized?
The author uses a case study methodology, drawing upon organizational management principles, democratic consultation processes, and standard business planning frameworks to describe the implementation of the fund.
What is covered in the main body of the text?
The main body covers the essential attributes of successful entrepreneurs, the theoretical background of revolving funds, the phased approach to fund establishment (preparation, development, and implementation), and a practical assessment of the Chipinge Banana Company model.
Which keywords best characterize this work?
The work is characterized by terms such as entrepreneurship, revolving fund, sustainability, business planning, and organizational development.
How does the Chipinge Banana Company use fines to support the fund?
The company treats fines for minor offenses as voluntary donations to the revolving fund, which helps instill discipline while providing capital that other employees can eventually borrow for personal needs.
Why is "de-rolling" an important concept for the revolving fund committee?
De-rolling means that once members participate in the revolving fund committee, traditional corporate hierarchies are set aside so that every participant's input is weighed equally, fostering a sense of partnership.
What role does the business plan play for the organization?
The business plan serves as a roadmap and a benchmark against which the successes and failures of the fund's operations can be assessed and corrected.
- Quote paper
- Mashell Chapeyama (Author), 2010, Entrepreneurial Project at Company Level: A Case Study, Munich, GRIN Verlag, https://www.hausarbeiten.de/document/173977
