Entrepreneurship Theory and Practice

Entrepreneurship Theory and Practice
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Table of Contents
Introduction................................................................................................................................... 3
Part A - Can you make omelets without breaking eggs?......................................................................4
Part B - Make specific reference to the activities of two well-known entrepreneurs to help illustrate........7
Conclusion.................................................................................................................................. 10
References................................................................................................................................... 11
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Introduction
This report is going to be presented over the subject of entrepreneurship theory and practice. The
main aim of this report is to justify the concept and idealization of entrepreneurship. As it is said
one cannot make an omelet without breaking, egg means entrepreneurs never make success
without being rude and stubborn. Every entrepreneur has some common specific traits and skills
which prove better results for their company. Leadership quality, managing critical situation,
processing, and many more factors effective entrepreneurship.
Not only strengths, but weakness also shapes the company in other perspectives. It can be
understood the two mentioned examples of world famous entrepreneurs: bill gates and
JeffBezos. Strengths and weaknesses of both the entrepreneurs are discussed in his report to
understand the concept and motto of the report. Both have their respective impact on the
company which produces better results. This report helps the learner in getting a good
understanding of entrepreneurship theory and practice.
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Part A - Can you make omelets without breaking eggs?
This is a very old saying that nothing can be gained without pain. In an organization behavior of
an employee plays a very vital role. It is not mandatory that his or her behavior liked by
everyone in an organization or outside the organization. But every change and behavior that
brings good for the company considered fruitful (Kuratko, 2016). A right leadership approach
enables the company to achi8eve its peak. There is no business growth without change, so
different leadership style and behavior adapted for the sake of the company brings a good result.
It can be easily seen in this report. It does not mean breaking old laws and regulations; it means
modifying the long existi8ng methods running since long. A desire of an entrepreneur in
achieving something may lead to havoc in an organization but it generates shine results than one
can never expect(Kertai-Kiss, 2014).The concept of ideal entrepreneurship is that the company
earns profit more and more than the previous year. The main aim of an entrepreneur is to earn a
profit. Every entrepreneur has some strengths and weaknesses.
Strengths of an entrepreneur
o Business-oriented
They only focus on their business; rest is secondary for them
o Remain confident
In any circumstances, they remain self-awarded and confident (El Ebrashi, 2013).
o Out of box thinker
Being an entrepreneur it is highly necessary that he must contain an entirely different idea, which
highlights him in the crowd. Innovation and creativity are the key factors of success in the
business world. For example – when Mark Zuckerberg came to an idea of introducing a site
where people can connect from all over the world. Then came Face book and now it becomes the
largest source of social media. Hence creativity always shines.
o Determined
Never let down them in any critical situation. Confront obstacles as an opportunity (Vesperi, et
al., 2015).
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