Case Study of two Entrepreneurs: Sir Richard Branson and James Dyson

Running head: ENTREPRENEURSHIP
Case Study of two Entrepreneurs: Sir Richard Branson and James Dyson
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1ENTREPRENEURSHIP
Executive summary
This report mainly focusses on understanding whether entrepreneurship has a strong impact on
economic development. It also covers the problems, challenges, and ethical issues being faced by
entrepreneurs. It does so by discussing two case study entrepreneurs, Sir Richard Branson and
James Dyson. These entrepreneurs are being discussed in this report from several aspects of
entrepreneurship like the selection of difficult decisions, handling legal disputes, and the ethical
challenges.

2ENTREPRENEURSHIP
Table of Contents
A study background:........................................................................................................................3
1. A critical discussion on the role of entrepreneurship with regards to creating a strong economy
.........................................................................................................................................................3
2. A critical analysis of entrepreneurs.............................................................................................5
A. a difficult decision they have made........................................................................................5
B. an ethical challenge they encountered....................................................................................7
C. a legal dispute they faced........................................................................................................8
Conclusion.......................................................................................................................................9
References......................................................................................................................................11

3ENTREPRENEURSHIP
A study background:
The report tries to understand whether entrepreneurship and entrepreneurs are essential
for economic growth. The purpose is being served by answering this query with references from
trusted secondary resources. In addition to this, the rest of the questions as mentioned in this
report that also helps to understand the upraised query as above is being answered in reference to
two successful UK-based entrepreneurs. They are Sir Richard Branson and James Dyson. Sir
Richard Branson is the founder of Virgin (Niphadkar 2017). James Dyson is a British industrial
design engineer, inventor, and Dyson's company founder (Business Advice 2019).
1. A critical discussion on the role of entrepreneurship with regards to creating a strong
economy
Entrepreneurship plays a very critical role in the economic development of a country. In
fact, most countries became globally popularised when these countries were able to identify and
nurture its hidden talents largely in the form of business entrepreneurs. These countries, later on,
moved to the accessible open economies. With regards to the modern economy, the role of
entrepreneurship is significantly higher. However, entrepreneurship is a debatable topic and
attracts diverse views of economists, citizens, political leaders, business leaders, and
policymakers. On a broader note, entrepreneurship promotes inequality in the economy (Harvard
Business Review 2019). Entrepreneurs use their minds to enter into new markets and generate
huge wealth. The earnings sometimes happen to be very quickly while over decades in many
cases. In their journey to success, entrepreneurs reward risk-tolerant and smart investors for their
efforts to generate extraordinary financial returns. Notably, entrepreneurs can be classified into
many categories while disruptive entrepreneurs are the most successful of them. The word