Role of Entrepreneurship and Challenges Faced by Jeff Bezos

Running Head: HRM
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HRM
1/28/2019

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Contents
Introduction...........................................................................................................................................2
Dark side of Entrepreneurship...............................................................................................................2
Decisions undertaken by Jeff Bezos......................................................................................................3
Ethical challenge faced by Jeff Bezos...................................................................................................4
Legal dispute faced by Jeff Bezos.........................................................................................................5
Conclusion.............................................................................................................................................7
References.............................................................................................................................................8

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Introduction
The report will bring about the discussion on the aspects and role of entrepreneur and
entrepreneurship and the contribution towards creating a strong economy. Entrepreneurship
can be defined as the process or activity of setting up the business or businesses and taking
financial risks to generate profits in the long-run. The people who hold the responsibility of
creating these businesses are termed as entrepreneurs. To gain an understanding of the role of
entrepreneur within businesses and community, Jeff Bezos has been taken as the
entrepreneur. Jeffrey Preston Bezos has been an American technology entrepreneur, investor,
and philanthropist (Bezos, 2015). Jeff Bezos is the founder and CEO of Amazon, and has
been identified as one of the most intelligent Entrepreneur. Thus, the report in the later part
will include the discussion of the dark side of the process, challenges, ethical and legal issues
faced by the entrepreneur, and their contribution towards creating a better and strong
economy.
Dark side of Entrepreneurship
An entrepreneur is considered to be significant to be able to create successful businesses and
create strong economy. However, there are some negative aspects also which defines the
weaknesses of the entrepreneur, which leads to the ethical and legal issues due to the
challenges faced within organisations. In the process of entrepreneurship, it is important to
make effective decisions for the betterment of both, the organisation and the society. The
dark side of the entrepreneurship states that entrepreneurs deal with the stress and anxiety on
the daily basis. Thus, it is important for an entrepreneur to establish balance in their other
aspects of life, to avoid any situation of burnout (Spivack and McKelvie, 2018).
Few elements are there which forms the base of dark side of entrepreneurship and defines the
pathway to overcome them effectively.
 Balance – The element of work-life balance is one of the most important factors as
being an entrepreneur it is essential to keep their minds refresh to work with high
productivity.
 Health – Maintaining one’s own health is essential to avoid any issues in work.