Effective Entrepreneurship Business Report

Running head: ENTREPRENEURSHIP
ENTREPRENEURSHIP
Name of the student
Name of the university
Author note

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Table of Contents
First entry.........................................................................................................................................2
Third entry.......................................................................................................................................7
Fourth entry.....................................................................................................................................8
Fifth entry......................................................................................................................................11
References......................................................................................................................................13
Appendix........................................................................................................................................17
Appendice 1...................................................................................................................................17
Appendice 2...................................................................................................................................22
Appendice 3...................................................................................................................................25

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First entry
The five driving force for undertaking the effective entrepreneurship business is based on
the self correctional methods through which the lacks can be identified and controlled according
to the requirements of the organization. I have enumerated certain weaknesses by undertaking
the personality test that is required to be arranged in order to make significant progress in the
process of the business. The most important consideration that I observed during the test is based
on the habits and outlook that I possess determines the driving force for the organization. The
test portrayed that there are issues in certain approaches that might affect the productivity of the
organization. The issues are being arranged according to the findings for the better understanding
of the modifications hat are required to be brought.
Issue questionnaire Solutions
How is autonomy important?? Autonomy helps in the proper management of
the functions of the enterprise. Therefore,
every entrepreneur makes use of the autonomy
in order to take the correct decisions for the
organization (Morris, 2015).
How to improve the achievement quotient? The achievement quotient of the organization
can be improved through the improvements in
the decision-making and the correct form of
goal and the implementation of the strategies.
Is risk taking an important factor? Risk taking is an important factor as it helps
the organization in exploring new horizons and

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cultures, which helps in the progress of the
organization (Santos, 2012).
How controlling skills can be enhanced? Controlling the skills can be enhanced through
the methods of proper monitoring over the
skills and the services that are being provided.
How can creativity help in the progress? Creativity helps in bringing in innovations.
Innovations helps the organization to stand out
to be unique in its approach.
Based on the report that is being formulated, the personality trait that I have received lags
on the need for autonomy to a greater extent (refer to appendice 1). Need for autonomy helps the
entrepreneur in maintaining the organizational standards depending on the requirements of the
organization. it helps the entrepreneur in taking the decisions for the organization freely. A lower
rate of the autonomy, as I have received in the test, portrays that I depend on the external sources
to take the organizational decisions that might affect the progress of the organization. On the
other hand, the risk taking and the controlling factors that forms an integral part of the job is
being affected due to the lack of autonomous control over the organization. Therefore, in order to
make significant progress, I must modify the outlook and possibly try to take decisions not
depending on the external sources. Creativity is again another factor on which I have received
high points. Creativity will help in bringing in innovation in the organization and thereby make
the significant progress.
The scored personality type, which I have received, is the Thinker based on the
assessment of the creativity. Creativity helps in bringing about innovation in the business and

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therefore it is an important aspect that must be considered by the entrepreneur. Creativity helps
the business in innovating the new trends and the technologies and thereby helps in sustaining
the enterprise largely. The personality will be helping me in making considerable advancements
in the business because of my idealism and the new approaches that I would be able to forecast.
The personality that I have received through the test correlates to the characteristics of my inbuilt
personality. It has helped me in taking up ideas and making them useful depending on the needs
of the business I am into.
I am the Hipster of the team as I can not only motivate the team through my activities but
also make use of the ideas in order to make the processes simpler for my people to work on. The
thinker always helps the team with the new possibilities and the traits. Therefore, the most
important consideration I undertake is to motivate my team through the ideas of improvement in
the processes and by simplifying the work of my team.
Second entry
The most important consideration that is being undertaken in order to make use of the
person who have influenced me the most is the life and the achievements of Sir Richard Charles
Nicholas Branson. Richard is a business magnate, an entrepreneur who founded the Virgin group
of companies. It is through the hard work and the entrepreneurial management that the person
has secured such high position in the market. The most important determinant of his success is
based on his vision (Fayolle, 2013). The person was having a vision from his early age of
becoming an entrepreneur himself and therefore it is the prime target since his boyhood days.
Effective leadership and management of the ideas is an important consideration that determines
the abilities of the management system they are into (Kelley, Singer & Herrington, 2012).

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The most significant factors that affect the business of this man is based on the principles
of entrepreneurship. The business is the sole motive of the man and the only thing that is
considered to be living is the autonomous culture of the industry and the management of the
functions (Fisher, 2012). The main objective of Sir Richard, according to himself, is to set
himself in the highest position of the business. The proper integration of the activities and the
functions of management and the risks that the entrepreneur took to rise is an important
consideration that must be undertaken while discussing on him (Schaper et al., 2014). The major
aspect that helps in the process of the undertaking effective management is based on the criteria
of the success that is being enjoyed by the man (Gedajlovic et al., 2013). The main philosophy of
the business that the man has inherited is based on the sustenance of the business he is into and
thereby it is important in signifying the needs of the business.
Davidson’s model
MoneyMentorship Mindset
Market
Management
Mechanism