Benefits of Training in the Areas of Business and Entrepreneurship

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It goes without saying that training in specific areas of business and entrepreneurship may be beneficial for my organization and my personal and professional development.

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First of all, training dedicated to business processes will help me as a banker to understand what strategies will be more suitable for my organization’s stable development. Thus, the training “Profit Maximisation vs Profit Satisficing” explains the difference between these two approaches and their expediency in relation to business. In general, I am highly interested in profit and believe that companies should maximize profit (Colander, 2017).

However, due to the training, I will know the benefits of the profit satisficing approach and its advantages for the firm’s growth. Thus, this training will help me to understand that the focus on profit is not always progressive, and the steady achievement of reasonable goals is safe. In addition, the training “Networking and Relationship Capital” dedicated to the advantages of cooperation in business will be beneficial for my organization’s development as well. For instance, I will learn to search for partners and sources of information and support.

For my professional development, the training “Influence of Economic and Cultural Approaches to Entrepreneurship” will be highly useful as well. I will understand what professional knowledge and skills I need to have to be a good leader and manager. For instance, in high-income countries, some cultural patterns, including low uncertainty avoidance, individualism, short-term orientation, and femininity, stimulate entrepreneurship (Achim, Borlea, and Văidean, 2019). In addition, communication with employees with respect to their cultural peculiarities and personal needs is necessary for a modern business environment. In this case, I will check what professional competencies, such as leadership and communication skills, persistence, and determination, I have and whether they need improvement.

In general, professional and personal development in relation to business are interconnected as both of them contribute to the company’s success or failure. The training “Influence of Identity on Business, Entrepreneurship and Professional and Personal Development” will help me to understand the importance of my individual characteristics. In addition, by attending the training “Entrepreneurial Personal Characteristics of Vision, Resilience and Passion,” I will realize that these characteristics need my particular attention. Thus, by developing passion, self-confidence, resilience, and other personal traits, I will be successful not only in business but in other spheres of life as well.

Reference List

Achim, M. V., Borlea, S. N. and Văidean, V. L. (2019) ‘Culture, entrepreneurship and economic development. An empirical approach’, Entrepreneurship Research Journal, 11(1), pp. 1-28. Web.

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Colander, D. (2017) ‘How to market the market: the trouble with profit maximization’, Eastern Economic Journal, 43, pp. 362-367. Web.

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ChalkyPapers. (2022, October 25). Benefits of Training in the Areas of Business and Entrepreneurship. Retrieved from https://chalkypapers.com/benefits-of-training-in-the-areas-of-business-and-entrepreneurship/

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ChalkyPapers. (2022, October 25). Benefits of Training in the Areas of Business and Entrepreneurship. https://chalkypapers.com/benefits-of-training-in-the-areas-of-business-and-entrepreneurship/

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"Benefits of Training in the Areas of Business and Entrepreneurship." ChalkyPapers, 25 Oct. 2022, chalkypapers.com/benefits-of-training-in-the-areas-of-business-and-entrepreneurship/.

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ChalkyPapers. (2022) 'Benefits of Training in the Areas of Business and Entrepreneurship'. 25 October.

References

ChalkyPapers. 2022. "Benefits of Training in the Areas of Business and Entrepreneurship." October 25, 2022. https://chalkypapers.com/benefits-of-training-in-the-areas-of-business-and-entrepreneurship/.

1. ChalkyPapers. "Benefits of Training in the Areas of Business and Entrepreneurship." October 25, 2022. https://chalkypapers.com/benefits-of-training-in-the-areas-of-business-and-entrepreneurship/.


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ChalkyPapers. "Benefits of Training in the Areas of Business and Entrepreneurship." October 25, 2022. https://chalkypapers.com/benefits-of-training-in-the-areas-of-business-and-entrepreneurship/.