Entrepreneurship: Personality Traits, Opportunity Recognition, and Innovation

Entrepreneurship

Table of Contents
INTRODUCTION......................................................................................................................3
MAIN BODY.............................................................................................................................3
A. About the Entrepreneur (or group of entrepreneurs) who was Behind the Organisation. 3
B. About the Entrepreneurial Organisation- about 8,00 words..............................................5
C. About Contribution to the Economy and Society..............................................................7
CONCLUSION..........................................................................................................................8
REFERENCES.........................................................................................................................10
Books and journals...............................................................................................................10

INTRODUCTION
Entrepreneurship can be defined as a function which is related to creation of extension
value which is related to entrepreneurship functions for entrepreneurship can be defined as a
capability of an individual which include the process of designing launching and running a
new business venture (Hasan, Khan and Nabi, 2017). It include all those functions which
cover the capacity and willingness to develop organise and manage your business venture by
undertaking different risk and profits. The persons who perform all this function are known
as entrepreneurs. In context of the current report it is based on study of virgin group.it is a
British multinational venture capital organisation which was founded by Richard Branson
and nick Powell. Organisation was incorporated in 1989 and performing its function within
United Kingdom. The current estimated turnover of organisation is around 19 billion. Virgin
group has headquartered at Guntur District city of West minister.in context of current
business environment virgin group of company have a complex structure that contain
elements of generic system. The current headquarter of organisation is situated in London
England. There are number of products and services which are offered by vision group in the
current market. It includes banking books commercial aviation commercial space white
consumer electronics films healthcare internet jewellery and many other.in context of the
present report there is this question about entrepreneurship where appropriate structure is
followed. In the beginning there is discussion about personality traits of an entrepreneur as
well as how did entrepreneur recognise the opportunity in order to create a possibility. There
is also discussion about antimalarial organisation. Along with this contribution of
entrepreneurship in the economy and society will also be discussed.
MAIN BODY
A. About the Entrepreneur (or group of entrepreneurs) who was Behind the Organisation
Critically discuss the personality traits of the entrepreneurs
In order to become a successful entrepreneur there are a number of trades and which
has to be included by the individual in its personality. It is identified that there are different
kind of functions which are required to be performed and in order to achieve better results. In
context to virgin group entrepreneur Richard bran son always used to follow number of
personality traits which they include in their personality in order to become successful
business entrepreneur of. Some of these traits are discussed below:
Motivation: Primary trait which is included in the behaviour of entrepreneur in order
to achieve the successful business operation as well as perform different business activities.
Hard working business owner always use incredible motivation to succeed. In context of
Richard Branson it is identified that they always used to demonstrate the motivation to in
their employees while performing the functions within the organisation. This helps them in
maintaining a positive attitude as well as increasing the employee satisfaction by providing
them appropriate passion for work (Sitdikova and Starodumova, 2019).

Creativity: It is also identified that one more trade which is included in the
personality of Richard Branson is creativity for stock creativity is essential element for every
entrepreneur in order to develop their skills as well as achieve the business objectives while
performing the activity of entrepreneurship. In context of Richard branson it is identified that
the always want it they can adopt creative ideas so that functioning can be managed in an
efficient way by increasing the job opportunities and functioning of organisation. This help
them in maintaining appropriate environment and improving the learning process within
employees so that they can gain maximum from organisation and functioning.
Directed vision: One more important aspect of the entrepreneurial trade is related to
directed vision. It is identified from the functioning of entrepreneur that appropriate vision is
essential in order to clear the image and achieve the goals and objectives in an appropriate
manner. In context of Richard Branson, it is identified that they are performing their function
with a clear vision. This helped them in developing an entrepreneur real quality where they
can success their business in an appropriate manner (Kurowska-Pysz, 2016). Here and in
your used to create a vision about the strategic planning where they can perform different
function according to it and manage the resources in an appropriate way.
Flexibility: It also acts as an important factor within an individual which helped them
in developing their personality in accordance with the entrepreneur royal opportunities. It is
identified that there are a number of functions which they performed by an entrepreneur
within the organisation which need flexibility in the working. In context of Richard Branson,
the always used to follow functions which helped them in bringing flexibility in their working
and promoting the functions in accordance with the opinions ideas and open-minded
approaches for stop this help them being better entrepreneur and performing the function
according to the requirements of current environment.
As stated above that there are entrepreneur personality traits which can be used by the
organisation in order to achieve the objectives and performing the function according to the
requirements. This includes number of functions which can be managed in accordance with
the business environment and performing appropriate approach to achieve business
objectives.
How did the entrepreneur recognise the opportunity or did the entrepreneur create the
opportunity?
Entrepreneur is a person who always seeks for different opportunities within the
market so that they can easily recognise them and perform their function in accordance with
entrepreneur Ariel opportunities. It is identified that entrepreneur opportunities are and
expectations are those functions which help them in gaining sustained attention within
entrepreneur real function entrepreneur opportunity give much importance by the
entrepreneur in order to improve their functions as well as achieving appropriate system so
that they can perform according to the requirements of current business environment.
Entrepreneurs are always seeks to create opportunities for business environment where the
use different factors such as innovation creativity flexibility and various other trades which
can be included in order to create the opportunity and perform the business idea (Morselli,