Entrepreneurship: Skills and Strategies of Mike Lazaridis

Running head: ENTREPRENEURSHIP
ENTREPRENEURSHIP
Name of the Student:
Name of the University:
Author note:

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Executive Summary
Entrepreneurship is identified as a global phenomenon which has been occurring in developed as
well as developing countries. It has been noted that local economic as well as cultural factors are
likely to influence new ventures. Furthermore, it has been noted that entrepreneurship both in
relation to new venture creation as well as promoting an entrepreneurial orientation within
current organizations has been related to the prosperity of regions or nations. Moreover,
entrepreneurship proficiently establish new ventures along with elevating the amount of
economic performance and further generating value and employment. The paper has offered
significant insights to the way one of the renowned entrepreneurs in Canada has gained
substantial recognition through his innovative entrepreneurial skills and strategies.

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Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................3
Background of Mike Lazaridis....................................................................................................3
Mike Lazaridis Entrepreneurship Skills......................................................................................4
Entrepreneurial Skills of Mike Lazaridis.....................................................................................5
Opportunity recognition and idea development..........................................................................6
Competitive Advantages generated by Mike Lazaridis...............................................................7
Recommendation.........................................................................................................................7
Conclusion.......................................................................................................................................8
References........................................................................................................................................9

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Introduction
Entrepreneurial development recently has become highly significant in view of being a
key to economic development. The objectives of industrial development, regional expansion and
employment generation rely significantly on entrepreneurial development (Dees 2017).
Entrepreneurs are thus recognized as the seeds of industrial development as well as productive
outcomes of industrial development and thus facilitate the increase in per capita income.
According to Drucker (2014), entrepreneurship is the process of actions of an entrepreneur who
typically seeks innovation and creativity and further exploits ideas into productive opportunities
by accepting risks as well as uncertainty with the enterprise. The following paper will focus on
the entrepreneurial skills of a leading Canadian entrepreneur Mike Lazaridis, who has gained
substantial recognition through his innovative entrepreneurial skills and strategies.
Discussion
Background of Mike Lazaridis
Mike (Mihal) Lazaridis has shown immense creativity and imagination to his
entrepreneurial skills and strategies. Belonging to a Greek family, Mike at the age of 12 won an
award for his academic interest in science in the Windsor Public Library. Reports of Ensign and
Farlow (2016) have revealed that the co-founder of Blackberry makers Research in Motion
supervises a company which is still emerging and is maintaining its pace with innovations from
its competitors like Apple’s iPhone and other smart phone makers. Mason and Brown (2014)
have noted that since founding RIM, Lazaridis has strategically registered several patents and