Enterprise and Entrepreneurship - J.K Rowling

Running head: ENTERPRISE AND ENTREPRENEURSHIP
ENTERPRISE AND ENTREPRENEURSHIP
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ENTERPRISE AND ENTREPRENEURSHIP
Table of Contents
Introduction......................................................................................................................................2
Background of the Entrepreneur......................................................................................................2
Entrepreneurial traits/ Characteristics..............................................................................................3
Opportunity development and Idea development process...............................................................4
Competitive advantages...................................................................................................................4
Recommendations............................................................................................................................5
References........................................................................................................................................6

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ENTERPRISE AND ENTREPRENEURSHIP
Introduction
Entrepreneurship is considered as the process of designing, developing and running a
new form of business which was in its beginning stage was regarded as a small business. The
individuals who are engaged in these forms of business are generally called the entrepreneurs.
The term entrepreneurship is being described as the ability and the will to enhance, organize and
even manage a venture of the business along with the hazards that are associated with it in order
to make profits. However, the sector of the economics is able to define the term in a broader
sense as the an ability to identify and perform upon the chances in order to translate the
inventions or technologies into products and various number of services. This assignment will be
focused on the entrepreneur J.K Rowling of the United Nations (Babich, 2016) According to the
report, she holds the value of about one billion dollars as she continues to acquire the profits
from the distribution of her books and her films , bringing huge amount of success to her
business and building up her foundation as the entrepreneur and as one of the most commercially
successful writer of all the time (Drucker, 2014).
Background of the Entrepreneur
J.K Rowling who is originally known as the Joanne Kathleen tends to be born in
Chipping Sodbury, England in the year 1965. Writing was being initiated by her from the age of
6 with the story of that of a rabbit which was not completed by her (Aditiana 2015). During the
summer of 1990, on a late train from the Manchester to that of the London, an idea came up to
her mind which was of a boy who discovered the fact that he is a wizard. The sociological theory
of the entrepreneurship can be applied here (Errington, 2015). The setting in which an individual
tends to lie effects his or her success. The delayed train is considered to the setting in which the