Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................8
INTRODUCTION James Trevor OliverMBE(born 27 May 1975) is a British chef. Jamie was born in the 1975. Jamie parents was having the own owned restaurant with the name cricketers and the Jamie used to work in that at very small age itself. This report highlights the Factor which has motivated the Jamie to become the Successful entrepreneur(Nahman-Averbuch and et.al.,2016). The factor which has been identified are identified on the basis of the current academic perspectivesofentrepreneurialmotivationfrompsychological,sociologicalandeconomic disciplines.This report also explains the factor with the help of the Journey of the Jamie Trevor Oliver to become successful. MAIN BODY Psychological Factor Attitude and Belief:It is the biggest factor which has helped the Jamie in motivating him to become the successful entrepreneur. Jamie was always shown the positive attitude and the clear belief about what he is doing and it was the only reason he was offered the TV show by the BBC in the Year 1999(Broshek,De Marco, and Freeman, 2015). BBC has also sad the same at the time of the offering the TV show to the Jamie that the attitude and the passion which is shown by the Jamie in making the pastry at the shop is the biggest reason of offering the contract. Not only that the Jamie has carried the same attitude in the TV series also and which has helped the series in becoming the successful at the starting stage itself. This was not the end as the most important thing in the entrepreneur life is to be innovative and always need to look forward and continue with the same intensity this is what has been done by the Jamie as he does not stop on the TV and the restaurant he started to write the book with the same title the Naked chef and the attitude and the belief of the Jamie was that positive that the book become the best seller at that time and this all primary thinks has played a very important role in the Jamie success as Jamie carried forward the same in such a way that now he is having the more than 22 books in the name of Jamie and the owner of the many restaurant. And the TV show of the Jamie is telecast in the more than 50 countries in achieving this all Attitude of the Jamie has played a very crucial role(Chatterjee, and Das, 2015). Learning:Learning is the another big factor which has motivate the Jamie in becoming the successful entrepreneur in the today scenario as the parents of the Jamie was owing the restaurant and the Pub in the town with the name called Cricketers(Saunders-Scott, Braley, and 3
Stennes-Spidahl, 2018). This was the reason Jamie started the learning of the chef from the small age itself as Jamie has started working in the restaurant at the age of the 11 which has helped the Jamie in having the learning of the cooking. At the age of the 16 Jamie has joined one of the most successful catering college in the town which has helped the Jamie in becoming the successful as the college has taught the Jamie about the tradition, basic and culture of the food preparation in the country and this all touch are seen in the food prepared by the Jamie today also (So-Ahola and Dotson, 2016). Jamie was always in search of the new and the innovative thing in the learning so he decided not to join the Father in the own cafe he started doing the job in the France which has helped the Jamie in understanding the new and the innovative thing which can be done in this line to improve the performance of the business.After that the Jamie joined the cafe with the name River cafe in London where he worked for more than 3 years and he always regards that it was the place where he got all the learning what it takes to deliver the freshest, most honest, totallydelicious food. So it can be said that the learning is the biggest thing which has helped the Jamie to become what he has achieved today. As the learning is the thing which comes from the background, culture and the initiative and the thing which always be with the learner as it is the basics of all the thing. Jamie has always said that what he has achieved in the life is because of the learning and the following he has done at all the stage and the situation of the journey in becoming the successful entrepreneur. Social factors; Social factors are the one which influence individual personality, lifestyle and attitude. Social factors might motivate an entrepreneur ordemotivate them. Social factors creates an important role in encouraging the entrepreneurship. The social factors play a key role in the success and failure of an individual. The environment in which people grow, the values and beliefs as well as norms of the society in which person live play an important role in the success of the entrepreneur. Some individuals face failure due to lack of support from their families. As they fail due to lack of support by the families and become unable to overcome barriers. As many social factors other than this such as education and attitude of society in which they live also affect the entrepreneurship. Due to lack of support of family and society an individual may sometimes feel like loosing hope. Many of the entrepreneur fails failure in their path of achieving goal only few are able to achieve success while many of them loose hope(Gray and et.al., 2019). 4
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Here are some social factors which has played a huge role behind the success of Jamie Oliver as an entrepreneur: Family Background:Family background represents size of family, economic status, type of family etc. the background of family contributes highly in the success and failure of an individual. If the family of an individual is supportive and is financially stable than there is a high chance that an individual will always get motivation from their family members. Also the thinking of the family also contribute to enhancing level of motivation in an individual. It is not always true that a family should be financial stable sometimes the urge for becoming rich also acts as motivation factors for an individual. Jamie Oliverbelongs to the family who is settled. The parents of Jamie Oliver owns restaurant but instead of that Jamie Oliver starts to work on its own at very small age. The background of Jamie is however strong in spite of this he work on his own. Education:Education help an individual to understand the outside world and gain the basic knowledge as well as skills to deal with day to day operations(Baumgartner, 2019). But it is not always true that it is necessary to gain education to become entrepreneur sometimes it might happen that the personal interest or need may also result in entrepreneurship. Education helps individual Jamie Oliver has completed is college from Westminster Kingway. He is interested in cooking from quite small age. Cultural value: Culture valueare the principals and ideals on which the entire community exists. The culture value is made up of costumes and traditions of society. The society in which the person live the culture in which an individual grows also help business to achieve success and move on the path of fulfilling the dreams(Brieger and De Clercq, 2019). There are many types of entrepreneur some arises due to their personal interest while some arises out of their needs similarly there are many other forms. However the culture value contributes in the thinking process of an entrepreneurs. TheJamie Oliver is interested in cooking and due to the reason that he stick to his culture and is always supported by its society therefore help him to achieve success. He like to do new and innovative things thus after being getting successful as celebrity chef he writes the books which became the NI. 1 UK bestseller. Attitude of society:Attitude of society also plays an important role in entrepreneurship. For instance some societies encourage innovations and novelties which help an individual to promote their entrepreneurship skills. The biggest help which was received by the Jamie from the society 5
was that the society in the UK used to see this business as a good and the Rich sort of the business which has helped the Jamie in continuing with the passion in which the Jamie was having the interest. As Jamie was belonging to the family who was having the restaurant it was easy for the Jamie to adopt the passion and the Jamie was also positive toward the society and the passion that he started to take part in the operation of the business at the age of 11 itself. Their was also a good trend at that time of the restaurant business which has also attracted the Jamie to become the chef. Economical Factors Capital :Capital is the foremost factor that drives the motivation level of entrepreneur. Availability of capital facilities can impact the behaviour of Jamie Oliver. Sometimes due to lack of cost and fund entrepreneur could not able to achieve the final objective or meet the aim of the company (Carsrud and et.al., 2017). So overall possibilities can might increase the motivation or demotivate as well. However, capital source is regarded as lubricant to the process of production which ultimately goes to the capital formation. Along with that, this factor of economic can also help to motivate entrepreneur in order to get the business success into more productive manner. Capital factor is the most significant factor which has to be in equal quantity within the organisation development. For starting a new venture one of the most important factor is capital because, funds are required for conducting every type of activities such as for purchasing land, production of goods or providing services etc. If, adequate amount of funds are not available to the entrepreneur of Jamie Oliver in that case, the idea of starting new business will only remain an idea and it will never become reality. Adequate amount of capital enables the entrepreneur to bring together land, plant and machinery and raw material to offer innovative products to the customers. The activity of entrepreneurship get boost when funds are available for investing in new business or new products. There are various authors that are having opinion that, the willingness of entrepreneur get affected due to lack of adequate amount of capital (Storey, ed., 2016). Entrepreneur should make efforts for meeting the requirement of funds from various sources like financial institutions, venture capitalists. It will help in promoting growth and development of business. Raw Material :Due to lack of availability of raw material can also be the factor which affect the overall situation or behaviour of entrepreneur. This factor is also affecting the level of 6
motivation through whichJamie Oliver can distract with his roles. For that, it has been concluded that in order to get motivated and influencing. Jamie Oliver required to arrange all resources properly and make the system more effectively done and effectively done in the more properly manner to be more required form (Devece, Peris-Ortiz and Rueda-Armengot, 2016). Raw material necessity of raw materials which is more hardly needs to elaborate the best outcome results.This economical factor can be the reason of entrepreneur failure. In order to maintained the level of motivation it requires for the entrepreneur to maintained the availability of raw material within the organisation. Raw material is also one of the factor that can impact the level of motivation of entrepreneur. If good quality and quantity of raw material are not available at right time in that case, entrepreneur cannot start the process of manufacturing items. This will negatively affect motivation level of entrepreneur for starting a new venture. Raw material are essential for producing goods and providing services to the customers and in case of lack of raw material, process of production will disrupt. It will also affect the demand of goods in the marker (Kirzner, 2015). CONCLUSION There are many factors which contributes to the success and failure of entrepreneurs. The study helps in understanding the various factors which affects the entrepreneur the factors are social factors, economic factors, physiological factors etc. 7
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REFERENCES Books and Journals Baumgartner,T.,2019.Transitionstoalternativeenergysystems:Entrepreneurs,new technologies, and social change. Routledge. Brieger, S. A. and De Clercq, D., 2019. Entrepreneurs’ individual-level resources and social value creation goals: The moderating role of cultural context.International Journal of Entrepreneurial Behavior & Research.25(2).pp.193-216. Carsrud, A. and et.al., 2017. Motivations: The entrepreneurial mind and behavior. InRevisiting the Entrepreneurial Mind(pp. 185-209). Springer, Cham. Devece, C., Peris-Ortiz, M. and Rueda-Armengot, C., 2016. Entrepreneurship during economic crisis: Success factors and paths to failure.Journal of Business Research.69(11). pp.5366- 5370. Gray, B. and et.al., 2019. Internal factors influencing effective opportunity identification in a Tongan social enterprise.Journal of Small Business & Entrepreneurship.31(4).pp.323- 347. Kirzner, I.M., 2015.Competition and entrepreneurship. University of Chicago press. Poblete, C., Sena, V. and Fernandez de Arroyabe, J. C., 2019. How do motivational factors influenceentrepreneurs’perceptionofbusinessopportunitiesindifferentstagesof entrepreneurship?.EuropeanJournalofWorkandOrganizationalPsychology.28(2). pp.179-190. Storey, D.J. ed., 2016.Entrepreneurship and new firm. Routledge. 8