No one could imagine that making fun could open a door of successes but actually that what Funko company is doing. Mike Becker have started a small toy business in Washington. Once he spies out on pop culture with one of his friends. It all started at Universal studios after Mike finds that Eureka moment in front of Sparky’s store, the fun has begun.
Funko were a bubblehead company then in 2005 has exploded after Mike sell it to a friend called Brian Mariotti. They had various toy license deals with companies, now they distribute world widely! Funko now is a very successful company with very innovative products. From a bobblehead garage to an innovative leader of pop culture world. That’s how Funko Inc brings us fun.
Funko & Entrepreneurship
First of all the origin entrepreneurship word is French ”entreprendre” in the 13’s century which was defined as to do something or to undertake. Entrepreneurship idea has established in the 1700s, the concept of the entrepreneurship is so deep as it has many definitions and descriptions through the past decades, even though it has passed and developed through a lot of meanings all of the concepts have agreed that entrepreneurship is an essential part of our business lives.
According to (Coulter, 2001) “entrepreneurship is the process whereby an individual or a group of individuals use organized efforts and means to pursue opportunities to create value and grow by fulfilling wants and needs through innovation and uniqueness, no matter what resources are currently controlled”
Simply it’s starting a new business journey by organizing with the ability of taking risks and challenges with no fear of failing, therefor it’s the way of taking an advantage of an opportunity by satisfying your consumers with no matter what efforts you are making. Another important definition of entrepreneurship by Rindaova defined acts of entrepreneurship as “Efforts to bring about new economic, social, institutional, and cultural environments through the actions of an individual or group of individuals” And that’s done by the person who manages and controls a business with assuming challenges and hoping of profit, which will lead us fitting to Low and MacMillan definition of entrepreneurship as “the creation of new enterprise”. Entrepreneurship has more recently been defined as the creating of new economic activities (Davidsson et al., 2006). And that’s what Mike Becker has done. A change in the economy has been identified recently, moving from knowledge-based activities to creativity, innovation, entrepreneurship, and imagination (van den Broecket al. 2008; Oke et al. 2009).
Creativity & entrepreneurship
Creativity has been viewed as the construction of ideas or products which are new and potentially useful (Amabile 1988), Creativity is that skill where you have the ability of coming up with novel and new ideas and having a bright look at your enterprise problems or opportunities. Therefor Creativity enables the entrepreneur to act on these opportunities in ways which can result in competitive advantages for the organization. It can provide the basis for innovation and business growth, as well as impacting positively on society generally (Bilton 2007).
Innovation & entrepreneurship
The relevance of understanding the role of entrepreneurs given the contribution made in terms of both creating employment and advancing with innovation (Thurik and Wennekers, 2004; Welter and Lasch, 2008; Wennekers and Thurik, 1999). According to Drucker (1985), innovation is a specific instrument to entrepreneurs. Furthermore, innovation is a powerful tool to any entrepreneur it’s the technique of presenting your enterprise in a different but better way, thus innovation is a critical factor to companies seeking to obtain a dominant position and as well as boosting their profits (Hu and Hsu, 2008; Kaminski et al, 2008).
Brian Mariotti As an Entrepreneur
In my opinion Brian is the perfect example of a successful entrepreneur, cause Funko could never ever gone to where it is today without him. Brian built a foundation with vision in the right time and took it to places that no one could imagine. Brian Mariotti received the EY Entrepreneur of The Year 2016 Award in the Consumer Goods and Services category in the Pacific Northwest. Which shows that he is a real entrepreneur, as he is not afraid of trying and making mistakes. He has the knowledge and resources that helped Funko to have a competitive advantage and expand over the past 10 years.
Eureka 