Entrepreneurship and Small Business Management: Examining the Influence of Personal Background and Experience

This report examines the impact of personal background, skills, experiences, and personality on entrepreneurial success and failure. It analyzes the cases of Wang Jianlin, a Chinese real estate developer, and Nandan Nilekani, an Indian entrepreneur and co-founder of Infosys. The report explores how their personal backgrounds, skills, and experiences, as well as the wider entrepreneurial ecosystems in China and India, have influenced their entrepreneurial journeys. It also critically evaluates the positive and negative influences of personal background and experience on entrepreneurs, comparing and contrasting the two case studies.

Entrepreneurship and Small Business
Management
TASK 4 P7, M4, D4

Table of content
• Introduction
• Examine, using information about the two (2) entrepreneurs in the case
study and your independent research into the Chinese and Indian
entrepreneurial ecosystems; how personal background, personal skills and
experiences, personality and the wider entrepreneurial ecosystem can hinder
or foster entrepreneurship success or failure.
• Analyse the link between entrepreneurial characteristics and the influence
of personal background and experience, including sources and Harvard
Referencing Style.
• Critically evaluate how personal background and experience influences
entrepreneurs, both positively and negatively, by comparing and contrasting
• Conclusion
• Reference

Introduction
• This report will help in knowing about the
entrepreneurial personal background.
• This will help in understanding about how
the background and experience of the
entrepreneur can hinder and foster.
• It will also help in knowing how it
positively and negatively impact the
entrepreneur.

Wang Jianlin
China’s largest real estate developer

Continued…
• Wang Jianlin is a successful and recognized
entrepreneur. He is also included in the most
influential 50 in whole world.
• He takes care of the technologies which are used, as
he feels that it helps in getting success.
• He keeps the personal interest from the development
of the company.

Nandan Nilekani
Indian entrepreneur politician and bureaucrat
Co- founder of Infosys

Continued…
• He always takes care that all the work is
carrying out in a proper manner or not.
• He is very interested in reading and
learning which helped him release the
essentialness of the better education and
the infrastructure quality, It also helped in
reflecting the work style.
• The main characteristics which he has that
he believe in working not in setting ideally
on top.

Examine, using information about the two (2) entrepreneurs in the case study
and your independent research into the Chinese and Indian entrepreneurial
ecosystems; how personal background, personal skills and experiences,
personality and the wider entrepreneurial ecosystem can hinder or foster
entrepreneurship success or failure.
In the case of Indian
entrepreneur Nandan
Nilekani it is considered that
technology is essential.
It is
considered that without
having the knowledge of
technology it is very much
hard to implement and
conduct proper business.

Continued…
•It is essential that there should be some natural
quality in them which can foster the individual to
go further than it.
•Wang Jianlin have this quality in him, He think
very high and different from other people.
•This quality make him deal with the hindrance
which occurs.

Continued…
• As Wang Jianlin instinct quality in him he came out
of the family background and done something
different from it.
• He left the military job to do something different
from others.

Continued…
Nandan Nilekani had
struggled very much to get
this success.
Background of Nandan
Nilekani was very strong
which helped him to attain
various things in his life.

Continued…
• His father and brother were already in the business
felid and because of this background he enhanced the
skills.
• His father and brother support him in all the phases
of time.
• He learnt various things from his personal
background.

Analyse the link between entrepreneurial characteristics and
the influence of personal background and experience,
including sources and Harvard Referencing Style.
•The characteristics of the entrepreneur is
considered as flexible, motivational, etc.
•It is seen that the background of a person mainly
impact to his/ her own characteristics as because
the flexibility which the person had in past.
•The characteristics of an entrepreneur helps in
motivating, creativity, etc.
• The skills as well as capability of an entrepreneur is
very much essential so that the ability of the
entrepreneur can be enhanced.

Continued…
•The entrepreneur carry out there own skills,
abilities, background as well as their experiences
with the help of which they can develop much
more things.
•With the help of which an entrepreneur can
enhance their own knowledge, capability as well
as skills.

Critically evaluate how personal background and experience
influences entrepreneurs, both positively and negatively, by
comparing and contrasting
• It is considered that there is a connection
in between the background as well as
characteristics of an individuals.
• It is considered that the background of an
individual can cause the factor to have
hinder.
• In the cases on both the entrepreneur it is
considered that both of them got proper
life experience.

Continued…
There are positive as well as negative which can have
by background and experience of entrepreneur have:
Negative
• The negative effect of the experience is if a business
visionary has an ordeal and it works as per past
working style than it gives the negative effect of the
involvement in the enterprise and it is a marker of
misfortune in business.

Continued…
Positive
• The positive effect of experience is it is useful for the
business visionary to accomplish the particular
objective of the business.
• The other one is the foundation of the enterprise that
is useful for the business person to comprehend the
affiliations working system or the things to execute
during the time spent relationship for gathering
advantage from the affiliation.

Conclusion
• This presentation helped in understanding about the
background of the entrepreneur.
• This had also assist in knowing about ways through
which the background and experience.
• This helped in knowing about how the experience
and background of the entrepreneur hinder and foster
the success and failure.

References
• Bock, A. J., Opsahl, T., George, G. & Gann, D. M., 2012.
The effects of culture and structure on strategic flexibility
during business model innovation. Journal of Management
Studies, Vol.49, No.2, pp.279-305.
• Cruz, C. & Nordqvist, M., 2012. Entrepreneurial orientation
in family firms: A generational perspective. Small Business
Economics, Vol.38, No.1, pp.33-49.
• Schoon, I. & Duckworth, K., 2012. Who becomes an
entrepreneur? Early life experiences as predictors of
entrepreneurship. Developmental psychology, Vol.48, No.6,
p.1719.

Thank you