Entrepreneurship Executive Summary 2022

Running head: ENTREPRENEURSHIP
ENTREPRENEURSHIP
Name of the Student
Name of the University
Author Note

ENTREPRENEURSHIP1
Executive Summary:
The purpose of the paper is to discuss and assess entrepreneurship traits in regards to the
selected case study of Fairphone. The paper indicated a series of traits including flexibility,
innovation, strong vision, leadership qualities and values of ethics and integrity. The paper
also discussed regarding the qualities the entrepreneur of Fairphone possesses. The paper also
discussed regarding the challenges of social entrepreneurship mainly, misbalances of vision
and business, increasing competition and challenges of scalability. The paper concluded by
summarizing the paint points such as the significant traits of entrepreneurs and challenges of
social entrepreneurship was indicated.

ENTREPRENEURSHIP2
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................3
Analysis of Entrepreneur traits/characteristics:..................................................................3
Major Boundaries or Challenges in Social Entrepreneurship:..........................................6
Conclusion..................................................................................................................................8
References:.................................................................................................................................9

ENTREPRENEURSHIP3
Introduction
Entrepreneurship involves the process of constructing new business by considering
various risks for a rewarding outcome. The procedure of entrepreneurship includes the
implication of innovation and services for operating a business phenomenon (Burns and
Dewhurst 2016.). The purpose of the paper is to assess general entrepreneurial traits followed
by the identification of the traits in the Fairphone case study. The paper will also reflect the
challenges encircling social entrepreneurship. The chosen case study is Fairphone, an ethical
cell phone, which is framed for changing the smartphone’s future. This case reflects the
process of becoming entrepreneurs in context of manufacturing of an ethical line and product
of a smartphone.
Discussion
Analysis of Entrepreneur traits/characteristics:
The characteristics and traits are the elements that distinguish entrepreneurs from
business owners, traits stimulates the initiatives and maintains the urge of creating or
supporting an innovating idea. The below mentioned traits are usually found amongst
entrepreneurs:
 Passion and Vision: The vision of an entrepreneur should be transparent with the
capability of planning both short-term and long-term objectives. Integrating passion
with respect to the new initiative or new idea is crucial for enabling a potentially
successful business operation.
 Innovation: The ability to innovate and participate activity in the process of
innovation is considered one of the main characteristics of establishing a start-up
(Eckhardt, Ciuchta and Carpenter 2018). The innovation characteristics may involve a