logo

Characteristics and the Role of Entrepreneurs

   

Added on  2020-10-23

12 Pages4288 Words401 Views
Entrepreneurship inBusiness

Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY ..................................................................................................................................1Characteristics and the role of Entrepreneurs..............................................................................1Critically evaluate how Entrepreneurs have contributed to a country of your choice.................3Critically evaluate how the country of your choice contributes to Entrepreneurship..................6Use at least two real world relevant examples from well-known entrepreneurs.........................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10

INTRODUCTIONEntrepreneurship is the act of creating a business or businesses while building & scalingit to generate profit. The act of entrepreneurship has perform by the entrepreneur and it generatenew idea so that business of company can expand and higher profits can be generated. In thegrowth of company it plays a vital role and creates employment opportunities in country. Tobetter understand this concept Mark Zuckerberg and Sergey Bin has been chosen and theybelongs to USA. In this report there are following topics are covered such as: characteristic androle of entrepreneurs, how entrepreneurs have contributed to a country and how a countrycontributes to entrepreneurship. Apart from this it also discuss about to take real world examplesfrom well known entrepreneurs. MAIN BODY Characteristics and the role of EntrepreneursEntrepreneurs are the persons who think creative and innovative to develop an businessidea so that they can start a new venture and beat the competition. Entrepreneurship is a processof developing an idea and creating something new for the society. Not conforming to societalstandards of career choices is their characteristic. They establish business by converting the ideainto product which was not in existence earlier. This is a much wider concept than business.Being capable enough on his own and deal with difficulties in life is one of the attribute requiredto be an entrepreneur. Identifying answers of problems is the main purpose of this process.Entrepreneur plays a huge role in society. The establish bridge between customers needs andwants. They offer goods and services which can gives new meaning to their life. Being rigid withthe changing times is not a good quality. Flexibility gives room for learning and growth(Piperopoulos and Dimov, 2015). Characteristics and role of Mark Zuckerberg founder of FacebookSelf Motivated- Entrepreneurship is not an easy job because life becomes tough whenreality kicks in. Self motivation refers to persons ability to never fall short in front of theproblems. He does not need anyone's support to do things that requires him to do. MarkZuckerberg created Facebook but the hardest time he faced was when he was leading it.He believes that purpose is required to be self motivated. Following that sense of purposegave him hope to keep going and becoming successful.1

Passionate- Desire to do something and satisfy that, is what successful people have incommon. Making money and having good career was not the purpose Mark Zuckerberg.He wanted to connect more people, it was his passion to bring people closer together. It ishis understanding that whatever he is doing is making the world progressive. Now,people can even possess information through social networking sites.Creating Employment- The major role entrepreneur played is of a job maker. Creatingemployment opportunities for large section of people. Providing jobs in production,marketing, research and management sector is a part of entrepreneurship. Facebookcreated 4.5 millions around jobs. It has 8000 around employees working as marketers,developers, and Influencers that are obligated to perform promotions on variousplatforms. Generating traffic on it's website and it also considered targeting rightaudience. They believes in reaching reaching large number of number. Leadership- Entrepreneurs are great leaders. It is one of their key roles to perform asthey are always in charge of every difficulties faced by the organisation. Identifyingopportunities, threats, solving conflicts are all part of their job. They also keep theworkforce motivated to perform well. Ensuring employees productivity is an importanttask that needs to be managed effectively. Mark Zuckerberg believes successfulleadership lies in team management. It hires extremely passionate people who gives theirbest in increasing the profitability of business (Parker, 2012).Role and characteristic of Sergey Brin Co- founder of googleVisionary- Vision is an imagination, future thinking that entrepreneurs have. It is placewhere they wants their organisation to reach. It is the attainment of that very purposewhich was the foundation of business. Sergey Brin had the vision to change the worldand fix it. They want to filled the world with robots and artificial intelligence. Innovative- Entrepreneurs are known for thinking out of the box. Innovating uniqueproducts or services. Customers get attracted to such new creation. Google rose to whereit is today is due to offering unique service called Internet to customers which has nowbecome part of everyone's life. It provides information on various subject with everysingle detail. This has helps in solving problems that customers are facing even on day today matters. Sergey Brin developed internet and became founder at very early age. He2

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Entrepreneurship in Business
|12
|3897
|70

Leadership Style of Mark Zuckerberg : Presentation
|17
|1404
|32

Analysis on Entrepreneurship and their Business Ventures
|7
|1516
|1

Best Entrepreneurship Report 2022
|5
|2128
|22

Role and Contribution of Entrepreneurs in the UK and US | Desklib
|14
|4832
|85

Factors that Motivate Mark Zuckerberg to Become a Successful Entrepreneur
|8
|2324
|94