Entrepreneurship Assessment - Desklib

ENTREPRENEURSHIP
ASSESSMENT

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
About an entrepreneur......................................................................................................................1
How entrepreneur recognise opportunity or did they create opportunity...................................3
Innovative products and services introduced on market and importance of innovation in
organisation.................................................................................................................................3
About entrepreneurial organisation..................................................................................................4
How entrepreneur build entrepreneur team.................................................................................4
Entrepreneurial role as a leader that helps in becoming successful in marketplace...................5
About contribution to economy and society....................................................................................7
Discuss and evaluate contribution to economy...........................................................................7
Evaluate survival issues due to COVID 19.................................................................................8
CONCLUSION ...............................................................................................................................9
REFERENCES..............................................................................................................................10
APPENDIX....................................................................................................................................11

INTRODUCTION
Entrepreneurship refers to an effective concept of managing and developing the business
venture with a motive of gaining profitable results by taking risk within the corporate world.
Entrepreneurship is highly focused on start a new venture where they perform the role of
economic development that helps in expanding global marketplace. In this an entrepreneurship is
the one who is willing to work himself (Audretsch and Moog, 2020). Entrepreneurship defines as
an ability and readiness to develop, run and organise the particular business enterprise, along
with several uncertainties to attain more profitable results. It defines as an act to create
something unique and innovative that is useful to attracts people attraction and generate
profitable results. The main purpose of conducting this essay report it is understand the
knowledge regarding entrepreneurship. To complete this project report Dyson organisation is to
be undertaken that is a largest organisation in UK and deals on worldwide nation. This essay
report covers information about entrepreneurs, entrepreneurial organisation along with their
contribution on economy and society. This helps in gaining knowledge about entrepreneurial
field that helps in enhancing career development of an individual person.
MAIN BODY
About an entrepreneur
James Dyson is an entrepreneur of Dysin Ltd company that is a leading British
technology company that highly focused on innovate vacuum cleaner and manufactures many
more household appliances such as hand dryers, air purifiers blameless fans etc. James Dyson is
a British investor who successfully focused on producing innovative household appliances. He is
a phenomenal engineer as he takes his passion for building innovative vacuum cleaner with the
motive of earn fortune innovative creations such as Dyson Ball Vacuum cleaner (Dana, 2021).
James Dyson is a wealthiest engineer within UK and now he become a successful entrepreneur
in the international market. To effectively understand James Dyson personality, this essay report
involves OCEAN model that are presented below:
Personality traits defines those traits which reflects characteristics patterns of thoughts
and action. It mainly implies consistency and stability that helps in recognising individual
personality as an entrepreneur that helps to become successful in business world. Basically there
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are five personality traits which is useful to examine James Dyson personality due to which he
become an entrepreneur within corporate world.
Openness trait features an attributes such as insight and imagination. Hence people who
are high in this trait tend to have a broad range of interest because they are highly curious to
know about the world and also eager to learn new things so that they enjoy more new
experiences (Landström, 2020). In context of James Dyson who is an entrepreneur of Dyson Ltd
have this personality trait because James have open minded due to this he create and innovate
products and services for people convenience. James also focus on tackling new challenges as he
face the challenge of selling their innovative household appliances to customers.
Conscientiousness is a type of standard feature that is based on high level of good
impulse control, thoughtfulness, goal directed behaviours etc. In context of James Dyson , this
trait is presented in his personality due to this they finish and complete the priority task by
enjoying regular set of schedule so that targets are attained easily and effectively. James does not
procrastinate essential task that helps in gaining successful results within marketplace.
James has Extraversion type personality because he is social, excitability, talkative,
assertiveness and many more. This trait people are belongs to outgoing technology that helps in
solving issues with effectiveness and calmness. They also feel energised around other people that
helps James to create network which assist in generating high profitable results within
marketplace. His ability to find new friends useful for Dyson ltd visibility and sustainability that
is one of the main motto of James Dyson.
Agreeableness is another trait that involves several factors such as altruism, trust,
affection, kindness and several pro social behaviours. People who are high in agreeableness
shows more corporation that is useful to gain profitable results within business point of view.
James Dyson show cares for others that helps in generate innovate ideas so that people should
done their task easily and conveniently (Belik and et. al., 2019). To focused on care for other
James Dyson innovate household appliances this will generate more profitable results. As James
also help their employees in completion of task so that issues related to manipulation and
misunderstanding at workplace is to be eliminated. Hence, James Dyson have agreeable
personality trait.
Neuroticism demonstrates by sadness, emotional instability, moodiness etc. James
Dyson has low in this personality trait because he is emotional stable and plan each and every
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