Entrepreneurship and Creativity

This report explores the concept of entrepreneurship and its relation to creativity. It discusses the roles and responsibilities of entrepreneurs and how they contribute to business success. It also examines the impact of the size and features of a company on its growth. The report emphasizes the importance of innovation and creativity in entrepreneurship.

Entrepreneurship and
Creativity.

Contents
MAIN BODY...................................................................................................................................1
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................8

INTRODUCTION
Entrepreneurship is the creation or extraction within the value on entrepreneurship is
viewed as better changed where it generally as it beyond what is normally as it encountered in
starting a business, which include other values than simply economics ones. The process of
setting up business which is known as entrepreneurship, as the entrepreneur is individual creator
and innovator who build different types of business ideas and structure into better new goods and
services along with systematic business procedure (Anjum and et. al , 2020). As the another role
of creativity in entrepreneur to having disconnect from accustomed and move into uncharted
territories with having aim discern unique and useful solution. It has therefore, which become
essential towards both leader and employees to better develop and creative skills. The innovation
and creativity bring entrepreneurship to gain optimum success path. In this report, by considering
Modern Adventure is company which generally provide domestic and international trips. They
are more famous because of handcraft extraordinary journey to people. The mission driven
companies who are getting mission driven remarkable things.
The topic is covered about concept of entrepreneurship support and current academic
theories and application in Modern Adventure (Barnard and Herbst., 2018). To evaluate how
feature size of the company Modern Adventure affect of success. Along with present to the
entrepreneurship is the process of starting business and its growth discuss within creativity and
innovation.
MAIN BODY
The concept of Entrepreneurship refers within the concept of developing and managing
about business venture in order to gain profit and undertaking several in order in better corporate
world. Entrepreneurship id act of setting out on own and starting business instead of working for
others individual in business. They are itself a unique personality and entrepreneurs are
contribute not only capital but the most important thing is creativity and ideas that attracts people
as well as other business who come ahead to contribute in business effectively. While
entrepreneur majorly deals with large number of challenges or scarcity regarding with
investments, manpower, salaries and payoff or more further into it. Good entrepreneur is having
positive trait that they create their vision and mission as per their skills set and also contain
certain power which willingness to invest (Boysen, Jansen and Knage, 2020). As per the day to
day activities which individual entrepreneur need to maintain as well as track about all business
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campaigns which conduct that create interest entrepreneur. To unless which turn into interest
also invest vision growth of business expansion. Some of the concepts which creates
entrepreneurship more productive and effective enough. Having many areas of expertise: It is
depend upon all areas which covers about in interest and vision that can not make up for a total
lack of applicable skills (Eghenter , 2018). As per the head of the company, weather he has
manpower or not. For addition, as Modern Adventure is type of individual firm that creates more
funding and also provide handicraft tourism or travelling experience. Financial and emotional
investment: An entrepreneur must invest in her company, this investment may something which
is less tangible, such as time which invests or the skills with reputation. An individual need to
measure of assets with a clear value, weather it relates to cash, capital or intellectual property.
An entrepreneur who will not to cannot invest specific company that expect to other for better
succeed. Organisation and delegation: At some moments in which new business start as one
man show successful entrepreneurship is characterised through quick and stable growth (Erro-
Garcés, 2020). It means hiring to other peoples who ae specialised in their stream and they make
their continuous about organisation to pay close attention where it is everything that goes on
their companies. As they us hire the right people for right jobs and let them to do their jobs
within minimal interference from management. Risk and Rewards: To being entrepreneur is
itself a risk as because individual assessment to need contribute assets equates as per amount of
time and money for invest within business. This risk also have trend to relate which directly to
reward involved. An entrepreneur who invests within franchise pays for someone else business
paln to receive to respectable incomes, while entrepreneur who undertakes ground breaking
innovations risk every things of an assumption that something revolutionary will work un the
market (Hillman and Baydoun, 2020). If such a person is having revolutionary is wrong, as she
loose everything. There are some academic theory in perspective of Modern adventure to related
some of academic theory as it along with some entrepreneurship background. It elaborates about
certain theory such as: Behaviourism: it is a view in which behaviour that can be explained
through external factor or behavioural conditioning which can be used as universal learning
process. In behaviourism the ideas can be positive and negative reinforcement through better
effective tools about learning and behaviour modification as well as punish better reward
system. Cognitivism: according to this theory it physical pathways and sharing of experiences
about theory which explain to creates more effectively through reading text lecture instruction.
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Constructivism: this is an idea that people are responsible in creating their own understanding
about world and using what they know based on previous experiences as it help to provide new
link process towards linkage towards their experiences (Naderi, Ebrahimi and Jalilvand, 2019).
People use these experiences and create opportunities and try to reduce negative uncertainty
through their own meaning. This theory help to determine into learning as an active process,
personal and unique for each student experience based. Human learning theory: It is very
closely which is related to constructivism. Humanism directly focuses on idea on self
actualisation. Every function under certain hierarchy of need. As in basis need if human Self-
actualisation is one of top need to describe possible version of yourself. Every one is striving
which feels to need strategies towards with your effective learning outcomes. In perspective of
Modern Adventure company as it is start up and every people who are working they have
humanism leaning attitude as they always wants to approach new benchmark or attitude to gain
positive outcomes within effective manner. In context of every one is striving about this year as
it generate better learning outcomes to meeting our needs or away from needs.
The Size and feature of Modern Adventure company as it the first experimental travel
company to make encourage for brands and mind of customer along with their needs and wants
for creating better content deeper engagement within unprecedented loyalty (Petrakis., 2020).
The company partners with chefs, winemakers, craft brewers, hotelier and mission driven
companies to bring each other to life created travel experiences. As the Size of company is very
less around 10-50 employees are working in which Luis Vargas is a founder and CEO of
Modern Adventure. Their motive is that in this developing economy they want share their
travelling service experience to people which bring out their passion and mission to brand of
their life. Modern Adventure is redefining about how brand engage through with customer says
Vargas. We exist to translate the beating heart brand into extraordinary experiences, leveraging
our worldwide network to local travel partners and other effective content creator. Bill Fradin,
managing partner of Seal Rock Partner adds, “We are passionate about investing in adventure
panel travel which is using US$ 300 billion market where fastest grow company in travelling
industry (Putri, Rahmawati and Suroto., 2019). On which this company is excited and support to
new innovative and talented venture Modern Adventure. As it is into premier provider of
experimental travel brand and customer. Luis and Scott will also be instrumental in how to make
future investment as it actively portfolio in travel industry. Some of the factor which need to
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highlight for Modern Adventure company in which Entrepreneurial efforts are like biological
experiments in nature. Many Variation are tired but only a small percentage of those go on to
thrive. There is advantages over nature and impact are there which would influence towards their
success. As there is five factor to having entrepreneurial success such as tolerance of risk,
responsiveness to opportunities, leadership and the ability to take advantages of the right
afforded through an business personality and entrepreneurs. Creativity and Accumulation of
Ideas: The ideas and creativity can be factor that enhance impact on certain business success
wheel creator to improve upon a stone cylinder. By standing on the shoulder of giants it is
existing ideas and make small improvement through upon them. The idea can be generate in any
situation or get motivated through third party. It all depend how the fresh idea could be recognise
and make sure to write it and able to accumulating within great ones from ready to run with best.
Risk to Tolerance and taking advantage of opportunities: The reward rarely come without
risk, in which ability of taking advantages of an opportunity will depend to attain tolerance for
risk. As the founder of start up investors that attain such expects that will have vested internet
about business (Ratten ed., 2019). If the business person not afford or capable to attain risk in
terms of financially or emotionally which might have taken decision that are too rapid to being as
successful. The entrepreneur needs strong sense of self efficiency to believe the risk efficiency as
to believe that risk will be surmountable. Responsiveness to opportunity: The opportunity can
leave quickly business opportunity which can be having difference between a successful business
model. Being responsiveness as an entrepreneur that enhance flexibility of mind and resources
necessary to see and takes advantages off new upcoming possibilities. Learning from mistakes
and implement some changes that maintain business stabilize (Tang, Byrge and Zhou., 2018).
Leadership and Inspiring others: It is up to entrepreneur about marshal assets where leaders
are there to enhance challenges within taking possibilities and turning them to inspire and
motivate other. The inventible have to sell either idea and creativity that turn into productive
product and service as it capitalise opportunity. Intellectual Property Rights: The intellectual
property is having laws that intend to provide which exclusive business rights to generate ideas
within economic prices. But if the ideas gets introduce within public it will not longer to use
through other competitive advantages. As society keep value and shows respect to the ideas, in
sharing the business idea to government is usually provide limited monopolies that will allows to
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making capitalise on them for period. As intellectual property through major professional can aid
to seeking such rights.
Evaluation : From above factors which are described on Modern Adventure company it generate
certain impact socially and financially which success get might attain or not. But ideas,
opportunity, risk tolerance and others is only can provide succeed if the person is high risk taker.
` The role of Entrepreneurship in starting up the business where it is seeking for major
roles and responsibilities are involved within company process. Some of the duties which
entrepreneurs are enhance to commence such as Being leader: This is fortunate that one=ce to
become an entrepreneur he or she needs to handle each and every aspect of their business. The
actual role of leadership takes the experience towards master (Thompson., 2018). As the leader
about organisation establishing roles and responsibilities towards internal tone, setting a good
example for better team, resolving conflicts that keeping morale up time to distress or hardship.
Figurehead: Leader being acts as figurehead through being entrepreneur that shows resilience.
The entrepreneur need to implement figurehead at the time to building network towards big
professionals, attend speaking events and develop about personal brand online. People will come
to associate company within better personality and behaviour. This can be true to effective create
impression. Visionary: The role of most of people are correlate with better entrepreneurship is
that having visionary. Entrepreneurship are ideas people that having always searching about
better opportunities for innovation and scrutinise new strategies or pattern to accomplish that
particular vision. As entrepreneur role is to mapping constantly about new ways to seeking for
new way to improve better direction about company to grow. Financial Analysts: It is important
for every entrepreneurs that financial health towards company is one of biggest factor as it
having ultimate success or failure. While it might have CFO similar position to filled in
organisation which creates overseas personalities to undertaken action when it necessary to
prevent disaster. Marketer study: As the primary visionary towards company as for having
better job establishing an image to increasing brand value. Being an entrepreneur it is important
to handle recruitment in which every business holder seeking potential candidates and well
certain capable clients who can invest in business and make it effective context of into
competitive market. Receptionists: In organisation get bigger where might receptionist or
secretory to help for tracking record of business, peoples and other appointment related with
business to reflect about company that relate with company incoming calls, receptionists towards
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vats majority about company to keep record. Other roles is to checking official mails, calling
important people, rescheduling appointment to accomplishing day to day targets within effective
manner. Human resource manager: As an entrepreneur, he or she is responsible towards hiring
candidates building team power and other work attributes which carries on different ideas and
objectives through relevant project. It is charge to building the team that carries about to sharing
ideas to making better organisation. To reflecting responsibilities that blend of skills, talent,
education, experience and personality to make thing work.
The link of entrepreneur is having relation with innovative and creativity is itself called
entrepreneurship where unique concept of business generate possible outcomes that provide
effective source of outcomes optimise that differ from other business.
CONCLUSION
From above report there is summarised about Entrepreneurship and creativity in which
there is discuss about concept of entrepreneurship which supported current academic
theories in which application towards specific company. To making evaluate about how
features and size of specific company which shows that it is small, medium or large business
venture along with certain factors which create impact on business to influence success. By
discussing the entrepreneur roles and responsibilities at the time of creativity and innovation
to gain competitive advantages.
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REFERENCES
Books and Journals
Anjum, T., Farrukh, M., Heidler, P. and Tautiva, J.A.D., 2020. Entrepreneurial Intention:
Creativity, Entrepreneurship, and University Support. Journal of Open Innovation:
Technology, Market, and Complexity, 7(1), pp.1-13.
Barnard, B. and Herbst, D., 2018. Entrepreneurship, innovation and creativity: the creative
process of entrepreneurs and innovators. Available at SSRN 3195912.
Boysen, M.S.W., Jansen, L.H. and Knage, M., 2020. To share or not to share: a study of
educational dilemmas regarding the promotion of creativity and innovation in
entrepreneurship education. Scandinavian Journal of Educational Research, 64(2),
pp.211-226.
Eghenter, A.S., 2018. Organizational creativity, play and entrepreneurship. Organization
Studies, 39(2-3), pp.169-190.
Erro-Garcés, A., 2020. Creativity and Emotions as Drivers for Social Entrepreneurship. Journal
of Social Entrepreneurship, 11(3), pp.300-316.
Hillman, J.R. and Baydoun, E., 2020. Innovation, Creativity, and Entrepreneurship in Academia:
A Review. Higher Education in the Arab World, pp.13-71.
Naderi, A., Vosta, L.N., Ebrahimi, A. and Jalilvand, M.R., 2019. The contributions of social
entrepreneurship and transformational leadership to performance. International Journal
of Sociology and Social Policy.
Petrakis, P.E., 2020. Entrepreneurship. In Theoretical Approaches to Economic Growth and
Development (pp. 193-223). Palgrave Macmillan, Cham.
Putri, R.D., Rahmawati, F. and Suroto, S., 2019. The Effect of Entrepreneurship Courses and
Creativity Program on Students' Interest in Entrepreneurship. Jurnal Pendidikan
Progresif, 9(1), pp.74-80.
Ratten, V. ed., 2019. Entrepreneurship and the Community: A Multidisciplinary Perspective on
Creativity, Social Challenges, and Business. Springer Nature.
Tang, C., Byrge, C. and Zhou, J., 2018. Creativity perspective on entrepreneurship. In The
palgrave handbook of multidisciplinary perspectives on entrepreneurship (pp. 81-102).
Palgrave Macmillan, Cham.
Thompson, N.A., 2018. Imagination and creativity in organizations. Organization Studies, 39(2-
3), pp.229-250.
Vuong, Q.H., 2019. Computational entrepreneurship: From economic complexities to
interdisciplinary research. Problems and Perspectives in Management, (17, Iss. 1), pp.117-
129.
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