Entrepreneurship: Characteristics and Motivations of Thomas Edison

Entrepreneurship

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
About “Thomas Edison”..............................................................................................................1
Opportunity based entrepreneurship theory to evaluate characteristics and motivations of the
entrepreneur.................................................................................................................................2
CONCLUSION................................................................................................................................5
REFRENCES ..................................................................................................................................6

INTRODUCTION
Entrepreneurship is the process of developing, organize and launching a business along
with uncertainties in order to make a profit (Chen, 2018). Their vision is define by undertaking
all risk in the competitive global market. Entrepreneur bring new innovative ideas, upgrade
their technology and replace the existing idea with new one. It only mean starting a new venture
by undertaking all risk and responsibility and make profit. In the report there is an entrepreneur
is taken which name is “Thomas Edison”. Thomas Alva Edison is born on 11 February, 1847, he
was an American inventor and businessman which has been described as America's great
inventor. He developed many devices in fields such as electric power generation, mass
communication, sound recording and motion pictures. In the report there has been describe the
entrepreneurial motivations and characteristics using the model which is appropriate suit to the
traits of entrepreneur by considering Opportunity based entrepreneurship theory.
MAIN BODY
About “Thomas Edison”
Thomas Alva Edison was born on 11 February, 1847 , he was an American inventor and
businessman that has been described as America's great inventor. Firstly, the entrepreneur
invented an viable incandescent light bulb. The devices which he invented was name as electric
power generation, mass communication and sound recording and motion pictures. The
entrepreneur also helped to build America's economy during industrial revolution. The
personality have done their career as a telegraph operator, he established their first laboratory in
Menlo park, New Jersey. Later built botanic laboratory in Fort Myers, Florida in collaboration
with businessmen. Edison was an opportunity gainer that gain many opportunities to become a
successful entrepreneur their skills, characteristics and traits help them to become successful
businessman. Due to this gain he was acquired a reputation as a first- rate inventor. The
entrepreneur also developed Phonograph in December 1877. As an independent businessman,
Thomas formed many partnerships through optimising Opportunity based entrepreneurship
theory (Ghezzi and Cavallo, 2020).
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