This presentation explores the mindset and motivational drivers of successful entrepreneurs, including their characteristic traits and personal factors. It also provides examples of national, international, and social entrepreneurs and examines the debate of whether entrepreneurs are born or made.
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- MINDSET OF THE ENTREPRENEUR
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Table of contents INTRODUCTION MAIN BODY 1.) Analyse and assess the characteristic traits and motivational drivers of successful entrepreneurs 2.) Difference between entrepreneur and business managers. 3.) Give examples of national, international and social entrepreneur 4.) How personality, lifestyle, culture and family upbringing amongst other factor that linked to entrepreneurial motivation and mindset. 5.) Examine the argument of whether entrepreneurs are born or made and whether entrepreneurship skills can be learned. 6.) Critically evaluate how personal background and experience can be good or bad for development of entrepreneurship. 7.) Analyse and assess that all above specific examples of entrepreneurs, making sure you are compare and contrast them with each other. REFLECTION CONCLUSION REFERENCES
Introduction Entrepreneur is an individual who organise venturebytakingriskinordertotaking benefits from opportunity. Basically, these are thosepeoplewhohavevariousskillsthat helpstobringnewideas(Allioand Allio, 2021).ThisPPTisbasedonmindsetof entrepreneur that is highly growth oriented, focus on learn new things and so on.
It refers to a personality of entrepreneur. But there is no single profile that use to define successful entrepreneur. Following are the different characteristic trait that define this very clearly. Adaptability Decisiveness Curiosity Analyse and assess the characteristic traits and motivational drivers of successful entrepreneurs
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All the business man are pursue by their own respectivejourneybuttherearevariouskey drivers that provide them motivation to grow. •Passion: An entrepreneur want to know about allrisksasmentalfortitudeoffacing challengestypicallycomesfromhaving confidence in something(Fleck and Asmuth, 2021). Key Motivational Drivers
Difference between entrepreneur and business managers. EntrepreneurManager It is the person who can focus and taking financial risk of business.This refers to an individual who is working as an employee in business and only work for salary. Its main aim is to start a business and expand it on a large area.It main target of accomplish regular allot task in a smooth manner. It can be casual or formal in some situationIt take every issue in a formal manner. Their rewards is based on efforts that earns by enterprise in form of profitIts reward come from company in terms of salary and incentives. The key driver motivation for entrepreneurs is achievement(Hattenberg, Belousova and Groen, 2020) It inspiration are arise from the power that can generate through its position.
Give examples of national, international and social entrepreneur National entrepreneur •DhirubhaiAmbani:ItisaIndian businessman who started selling traditional snacks to religious people. His business before long developed, and he extended anddifferentiatedintoenterprises including media communications, power age, and many more.
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Continue… International Entrepreneur •Jeff Bezos: He is a American entrepreneur whoknownasexecutivechairmanof Amazon.Heisthesecondwealthiest personintheworld.Theyworkupon developing site software.
Continue… Social Entrepreneur •JeffreyHollander:Itisapersonwho formallyknownasCEOofseventh generation founder and also owned their natural product business. He is a top most speaker,activistandconsultantof corporate social responsibility.
How personality, lifestyle, culture and family upbringing amongstotherfactorthatlinkedtoentrepreneurial motivation and mind-set. •An individual personality is important aspect that affect behaviour of businessman. These person prefer high risk, emotional stability and so on •A lifestyle of business people are basically roused by need to prevail at carrying on with a specific personal satisfaction by keeping a pay which permits them to make due. •A culture is most important aspect that give motivation to do something as this can support or reduce corporate behaviour on a individual basis. •A successful upbringing gives motivation to employees as this create an implication on promoting entrepreneurship. It also influence individual to increase a venture.
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Examine the argument of whether entrepreneurs are born or made and whether entrepreneurship skills can be learned. A successful entrepreneur is that person who can owned their small as well as large venture (Mouraviev and Kakabadse, 2019). They are the big developer of great business plan.It issurely conceived, and they need to apply their attributes a specific way. However, nobody is brought into world with every characteristics is significant for 100 percent success There is no one man band in entrepreneurship
Criticallyevaluatehowpersonalbackgroundand experience can be good or bad for development of entrepreneurship. A personal background is more important for entrepreneurship as this needs knowledge in ordertoacknowledgingentrepreneurial opportunities(Outsios and Kittler, 2018). This can come from personal backgrounds, skills, education and working environment for this field.
Analyseandassessthatallabovespecificexamplesofentrepreneurs,makingsureyouarecompareandcontrastthem witheachother. Dhirubhai AmbaniJeff BesosJeffrey Hollander He is a most famous business tycoon who are founded reliance industries(Sadiku-Dushi and Ramadani, 2020). He isan American entrepreneur who founder and chairman of Amazon. It is a co- founder and CEO of seventh generation. He build a lead of natural care product of household and personal care. He is taken lot of experience in their field. He started his career as a clerk at A. Besse and corporation. He also learn trading, accounting and other business skills. He has done his BSE from Princeton University. After that he work as an entrepreneur in media proprietor investor and computer engineer. Now he operate amazon. He is a first business venture in field of banking and education. He is also an adjunct professor and also work as a consultant. It also facing lots of difficulties in order to pursue goals and try to convert it into opportunities. HE is facing severe health issues, major stroke and paralysed with his right hand. He is facing so much failures such as Amazon fire phone, Books getting deleted, Antitrust issues, Book group etc. He is facing lots of issue related to time, social equity and so on.
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REFLECTION This presentation is very helpful for me as this can define me various Challenges and opportunities that are facing by an entrepreneur at the time of they start any business. When I make this presentation I realise that being a business man is not easy task as this takes lots of responsibility which is highly appropriate for business. I am facing various difficultieswhenIamfocusontomakethispresentationlikeIhavenoidea entrepreneurship skills, knowledge and all which is most important for defining any business.
CONCLUSION As per above PPT, it is being conclude that to be effective in sustainable business practices is necessary for entrepreneurs which are taking a risk for successfully owned business. A mind set and attitude of business man is focus on specific approach for doing something. This assist to rapidly fond out various problems related to business and try to provide timely solution.
References •Allio, R.J. and Allio, R., 2021. The existential mindset for corporate survival and growth: innovation and resilience.Strategy & Leadership. •Fleck, E. and Asmuth, J., 2021. Building capacity for creativity: rediscovering the inner “superhero” as a mechanism for developing a creative mindset for entrepreneurial problem-solving.Entrepreneurship Education and Pedagogy. 4(1). pp.82-95. •Hattenberg, D.Y., Belousova, O. and Groen, A.J., 2020. Organizational conditions stimulating the entrepreneurial mindset. InSustainable Entrepreneurship and Entrepreneurial Ecosystems. Edward Elgar Publishing.