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Entrepreneurship Assignment Solution (Doc)

   

Added on  2020-10-05

9 Pages2541 Words226 Views
EntrepreneurshipProfessional Development
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Entrepreneurial Ventures
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 3............................................................................................................................................1P5 Characteristics, traits and skills of successful entrepreneurs.................................................1P6 Aspects of the entrepreneurial personality reflect entrepreneurial motivation and mind-set3TASK 4............................................................................................................................................5P7 Examine how background and experience can hinder or foster entrepreneurship................5CONCLUSION................................................................................................................................6REFERENCES ...............................................................................................................................7
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INTRODUCTIONEntrepreneurship is known as skill and willingness of individual to develop a businessventure and manage all organisational activities properly. In this process, an entrepreneur createinnovative ideas and thoughts to implement them accurately in their business activities andapproaches. Their main objective is to take any kind of risk in order to make desirable profit andincome (Blackburn and et. al., 2013). Entrepreneurship and these ventures play a most importantrole in economic development and growth. In this procedure entrepreneur provide their owncontribution to build appropriate goodwill in global marketplace. This report representCharacteristics, traits and skills of successful entrepreneurs. TASK 3P5 Characteristics, traits and skills of successful entrepreneursManager and entrepreneur are two different components of an organisation. A successfulentrepreneur have specific skill and characteristic which help them to achieve target objectivesand goals in appropriate manner. Manager is an individual who have an responsibility tomonitor, control and administer organisational activities while as entrepreneur is known as anindividual who create ideas to taking risk in order to set up a new venture. Characteristic, skillsand traits of successful entrepreneurs are different to each other as - Bill gates – He is an successful entrepreneur who known as an business magnate andinvestor. Bill gates is the founder of Microsoft Corporation. This organisation is world's largestPC software company which was established in the year of 1975. Bill gates takes higher positionin the list of world's wealthiest people by their own skills and working approaches. Giorgio Armani- He is an successful Italian fashion designer who formed his owncompany Armani in 1975. This company is known as an world's luxurious shoes, watches,fashion wears, accessories retail and manufacturing firm. Giorgio Armani is an successfulentrepreneur and designer of Italian origin (Bridge and O'Neill, 2012). Characteristics, traits and skills of Bill gates - Hard work and confidence: This is a most important skills which is having by Bill gatesin their working approaches. An individual should have to work hard regarding theirbusiness to achieve their future goals and objectives easily. For this they require to makecreative thoughts and ideas to implement them properly in their organisation. An1
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