Entrepreneurship Case Study Example | Topics and Well Written Essays - 1500 words

Entrepreneurship - Case Study Example However, in recent days, the concept has been altered greatly and presently it includes several social as well as political elements. Entrepreneurship has a considerable significance in the present business scenario as consumers are greatly influenced by innovative business ideas. The world has witnessed the emergence of many eminent entrepreneurs who contributed to the growth of modern business concepts. At this juncture, this paper will evaluate the entrepreneurial success of James Caan in his venture Hamilton Bradshaw and how his attitudes, approaches, and strategies have played a major role in the success of his venture. James Caan James Caan is a UK entrepreneur who was born in 1960 in Lahore, Pakistan. Caan, who got popularity for his innovations has been developing and selling business ventures since 1985. Lahore Business School has expressed its admiration to Caan when it awarded honorary doctorate to this innovative entrepreneur. The business world witnessed Caan’s he ight of confidence when he sold his venture, the Alexander Mann Group, a company with turnover of ?130m and operations in 50 countries. Recently in 2010, Caan launched his new venture HB Real Estate into market with intent to target investments. History of Hamilton Bradshaw ‘Hamilton Bradshaw is a leading mid-market private equity firm’ which is headquartered at London and it is founded by James Caan in 20031. James Caan himself made whole investments to commence this business venture and that makes the Hamilton Bradshaw different from other similar private firms. Even though Hamilton Bradshaw is a mid-market firm, it has business interests in all sectors of the industry. It ‘invests in companies across sectors and at all stages’ irrespective of the business traditions of firms; Hamilton Bradshaw is also interested in Real Estate business and it has reserved an amount of $35 million for the purpose2. Caan got a gap year after he sold his shares in Alexander Mann, Humana Mann, and Recruitment International. During this period, Caan closely watched different market sectors in addition to his advanced management study at Harvard. From his observations, Caan identified that many industries collapsed as they had failed to develop innovative concepts, and sufficient financial sources that were highly necessary. Caan had good experience in recruitment and hence he believed that the concept of HB would play a vital role in the business world if it made equity investments in financially and strategically struggling companies. Moreover, the sale of Alexander Mann also persuaded Caan to begin this new venture. James Caan strongly believed that major portions of corporate failures can be avoided if the firms are provided with sufficient strategic advices and financial assistance. Hence, HB not only finances the companies but also closely examines their business strategies. It will also identify the most appropriate resources in order to safeguard HB’s interests in those companies. Caan also believed that inter-cooperation between international business houses would avert business failures to a large extent. Since HB is a huge company having world wide network of top performing business houses, it can assist weaker member firms to get access into HB’s global network of resources and thereby increase their operational efficiency. Caan’s admirable innovativeness is evident in the success of