Strategic Management and Business Policy Essay Example | Topics and Well Written Essays - 2500 words

Strategic Management and Business Policy - Essay Example A Pro-quest article states that people with education who want to become an entrepreneur, take the risk f owning or controlling a business because they use their knowledge to ensure promising business opportunities (Anonymous, 2005). It is well understood that people who have well-educated skills acquired from tertiary education, become entrepreneurs to turn their dream and vision into action. Knowledge gained by education consists f guidance, and not to tell you what to do in life. Most successors who take this into considerations have broader views and more information on how to succeed in life. Although what education from class may not be true, or mean anything towards their view, it is solely up to the person him/her self to use the techniques that they have learned through education. In 1913, Henry Ford, the founder f 'Ford Motors' used his educated knowledge for mass producing cars, which increased production greatly, as well as decreased the cost per car by two-thirds (Jones, et al, 2000). Henry Ford introduced the 'classical scientific theory' (established by Frederick W. Taylor) towards his manufacturing company. With the use f this theory in which he implemented, he experimented to discover the most efficient way that each worker performed in their one specialized task (Jones, et al, 2000). Although each process was very repetitive, production for cars grew, and costs were cut down which made Henry Ford a huge success person within the car production industry. With such an innovative idea which Henry Ford implemented, through the use f the 'classical scientific management theory', Henry Ford became one f the biggest entrepreneurs in the history f car manufacturing. Another great entrepreneur who used his educated skills greatly is Stewart L. Tubbs. Tubbs is the author f the book "Leadership: Communication, Innovation, and Change". Tim McGraw Quotes "He was the dean f the College f Business at Eastern Michigan University. He received his doctorate in communication and organizational behavior from the University f Kansas. His master's degree in communication and his bachelor's degree in science are from Bowling Green State University. He has completed postdoctoral work in management at Harvard Business School, the University f Michigan, and Michigan State University." (McGraw 2002) Although Tubbs is only an author for the McGraw publisher, is had many success stories f how he becomes the person he is currently. Tubbs has used his widely well-educated skills and been named outstanding teacher 3 times, as well as being an outstanding scholar twice. He has also consulted with over 500 companies have has achieved more than he ever could wish for (McGraw 2002). Along with educational purposes, they are able to extensively use educated skills gained by academic classes/buildings, in order to support their decisions in which they make to become their own entrepreneur. In Tubbs case, Tubbs took his knowledge to pursue his goals in life.