Theory and Practice of Investment Management

Question: Discuss about the Theory and Practice of Investment Management. Answer: Introduction John Singleton is one of the successful Australian entrepreneurs who were born on 9th November 1941. This research paper will help in reflecting the history, growth and the achievements of the Australian entrepreneur John Singleton whos full name is John Desmond Singleton. The skills, traits and leadership qualities of an entrepreneur help in providing some sort of motivation to the deterrent employees of any of the firm. This research paper will help in highlighting the different businesses of John Singleton as well as the advantages of its businesses as compared with the other entrepreneurs. There are some of the future suggestions which need to be implemented by the entrepreneurs. History, development, and growth of the entrepreneur He was born on 9th November 1941 and is the founder member of different businesses such as radio, hotels, horse racing as well as publishing. There are seven children from his six marriages. There were many ups and down throughout his childhood days. His life partner till the year 2011 was Yvette Hartman. The survey conducted by Business magazines revealed the fact that he was among 200 of the top richest people. These are different facts reveal his struggle and patience at the young age and it was very difficult for him to come up these barriers (Kendrick 2010). The business ventures include publishing, radios, and the hotels along with horse racing. In his early days, John Singleton he played for a Rugby club throughout the 1970s. He has the desired skills, which helped him in succeeding his business top a larger extent. This stage of his life evaluated the growth of an entrepreneur and which helped him in succeeding his business process within the concerned market segments. He wit h his friend named Gerry Harvey owned the gold coast thoroughbred firm. In the year 1973 he became the Managing director for DDBs Australian operations. It is evident to know that working internationally became a major challenge for him and thus he left that particular business. He was held as the executive director for creation for Qantas commercials. Role of family and socio-cultural background in developing the passion of entrepreneurial The family members play the most vital role in developing the passion for an entrepreneur. The social and the cultural background create the crucial impact on the minds of the individuals and affect their future career in both ways i.e. positive and negative (Mazzarol 2014). His fathers experiences of his father provided him some sort of motivation for working harder and this is considered to be very helpful in enhancing his skills (Mohd Sidek 2016). On the other hand, it has been seen that the social and cultural factors influence the activities' of the concerned Entrepreneurs. The social factors consist of certain elements such as the individualistic factors and organizational factors (Tiffany, Peterson and Barrow 2012). The family plays the most significant role in providing motivation and desired encouragements to the candidates related to his job and skills. The traits and the behaviors of the successful entrepreneurs reveal his cultural background and this plays the major part in managing his future job activities (Holbeche 2010). There are certain theories such as the family orientation theory which highlights the sources for the respective entrepreneurial characteristics as well as the emergence of the different entrepreneurs. The primary motive of this theory is to reflect the desired role of the family members in the development of entrepreneurial character (Disselkamp 2009). It has been seen that the experiences and the characteristics of his father and mother help in bringing up a successful entrepreneur for Australia. He started his career in the year 1960 with an advertising agency in Sydney. He won merely three awards for writing from the concerned university and this lead for a contract with the agency of creative artists throughout sophomore year. Businesses and the competitive advantage of the business compared to other entrepreneurs There were three types of businesses developed by John Singleton; they were radio, horseracing, hotels and Publishing. There are two radio networks of John Singleton named as the Macquarie and Virgin radio. He was critically involved with the Qantas and then made an awesome commercial for Qantas. One of his major businesses is the STW which helped him in generating a larger amount of the finance (Fabozzi and Markowitz 2011). Then the business was expanded into the different market segments. On the other hand, he was also engaged in the horse racing and the publishing. The next business of the firm is the development and execution of the hotel business. The primary motive of the firm was to provide excellent services the different market segments of Australia. This particular business provided the desired advantage to John as compared with the other entrepreneurs as the products were of Australia and therefore the people can easily believe the quality of services and moreover the pric es were affordable for the people (Ghaemi 2011). The next business was the publishing which mainly focused on the style prevailing throughout the different market segments. He was greatly involved with the Qantas and then he became the member of Order of The Australia. Moreover, he was popularly known for the career life he had. He had six marriages which were not considered to be an even travel for him throughout his livelihood as well as it is extremely recognized within the Australian communicational business. It is evident to know that he became very popular for promoting the beer brand throughout the different market segments of Australia. Future suggestions for the entrepreneur It is very important for an entrepreneur to look upon his traits and behavioral characterizes as these plays the most crucial role in developing effective leadership qualities for managing the concerned firm. There are some of the crucial recommendations as to implement the different leadership theories such as the transformational, participative as well as the transactional leadership styles (Gunzel-Jensen et al.2016). There are different tips from well-known researchers for the entrepreneurs to become successful. These are challenging you, caring for the work, taking the risk, believing in you, having the distinct and effective vision, finding the goods and the right people, facing the fears, taking effective actions, managing the time and building efficiency and effective team for the desired growth and expansion of the firm (Verbeke et al. 2011). There are different types of the business for which the entrepreneurs needs to be careful such s the selling businesses. Managing the e ntire firm is considered to be the primary responsibility of an entrepreneur as it helps in developing the effective team for carrying out the useful work. Participative style of leadership helps in taking an active part of the employees in the decision-making the process of the firm and therefore the entrepreneur needs to encourage the employees to take the active part in the decision king process of the firm (Halsall 2015). Development of the effective team helps to enhance the business process and brings out more profitability for the firm. Taking risks is another vital point for an entrepreneur which helps in expanding its respective business processes to a large extent. Conclusion John is one of the successful Australian entrepreneurs and was famous during his prime time. This paper revealed his history, growth, achievements and establishment of different businesses. There were three types of businesses developed by John Singleton; they were Radio, Hotels, horse racing, and Publishing. He had six marriages from which there were seven children. Expansion of the effectual team helps to augment the business method and brings out more productivity for any of the firm. The social as well as the cultural background generate vital impact on the minds of the individuals and affect their future career. There are certain theories such as the family orientation theory which highlights the sources for the respective entrepreneurial characteristics as well as the emergence of the different entrepreneurs. It is, therefore, recommended to develop effective leadership skills as to enhance the growth of the business to the international market segments. . Managing the complete firm is measured to be the primary duty of an entrepreneur as it helps in developing the effectual team for carrying out the useful work. References Disselkamp, L, (2009),No boundaries, Hoboken, N,J,: Wiley. Fabozzi, F, and Markowitz, H, (2011),The theory and practice of investment management, Hoboken, N,J,: John Wiley Sons. Ghaemi, S, (2011),A first-rate madness, New York: Penguin Press. Gunzel-Jensen, F, Jain, A, and Kjeldsen, A, (2016), Distributed leadership in health care: The role of formal leadership styles and organizational efficacy, Leadership. Halsall, R, (2015), The role of CEO (auto-) biographies in the dissemination of neo-ascetic leadership styles,Leadership. Holbeche, L, (2010),HR leadership, Amsterdam: Butterworth-Heinemann. Kendrick, R, (2010),Cyber Risks for Business Professionals, Ely: IT Governance Pub. 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