Entrepreneurship Theory and Practice
Added on 2022-12-27
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Running head: ENTREPRENEURSHIP THEORY AND PRACTICE
Entrepreneurship Theory and Practice
Name of the Student:
Name of the University:
Author Note:
Entrepreneurship Theory and Practice
Name of the Student:
Name of the University:
Author Note:
ENTREPRENEURSHIP THEORY AND PRACTICE1
Table of Contents
Discussion on the Question........................................................................................................2
Entrepreneur 1 – Jeff Bezos.......................................................................................................3
Entrepreneur 2 – Mike Lazaridis................................................................................................5
References..................................................................................................................................8
Table of Contents
Discussion on the Question........................................................................................................2
Entrepreneur 1 – Jeff Bezos.......................................................................................................3
Entrepreneur 2 – Mike Lazaridis................................................................................................5
References..................................................................................................................................8
ENTREPRENEURSHIP THEORY AND PRACTICE2
Discussion on the Question
As the proverb goes, “You cannot make an omelette without breaking the eggs,”
considering the ideology of the mentioned proverb the question framed for the purpose of the
given paper is recognised as – Can you make an omelette without breaking eggs? The
purpose of this question is critically related to the behaviour of entrepreneurs towards the
business firm they are connected to. In this connection, the question built is – Is the downside
of challenging behaviour and shady business dealings an acceptable trade-off for the success
and wealth that entrepreneurs create?
Based on the applied question, the report critically tends to state that every individual
has their strengths and weaknesses indulged in themselves. In this context, the individual as
an entrepreneur is considered to indulge the potentialities of strength when the individual is
able to establish a new as well as a renowned business firm that remains stable in the long
run. As implied by Kuratko (2016), for an entrepreneur to be a successful and a renowned
entrepreneur, a high degree of enthusiasm and degree of energy is required to be able to
achieve the dreams and desires that are being set at the time of the start-up of the business
firm. On the other hand, if those needs and desires are let loose, the same may result in the
decline of the business and also create havoc in the same. As stated by Barak (2016), the
weaknesses indulged by a business person often may remain unnoticed because of the several
other peers and employees working in the organisation. Although the same does not fail to
impact the entrepreneurship characteristics of the individual and create an influence on the
sharp business activities and practices that the entrepreneur solely is responsible for.
Moreover, it was also examined that running a business firm for a more extended
period of time and sustaining its goodwill and reputation in the modern business market is not
as easy as it seems. In this connection, as opined by Chang (2016), generating the business
Discussion on the Question
As the proverb goes, “You cannot make an omelette without breaking the eggs,”
considering the ideology of the mentioned proverb the question framed for the purpose of the
given paper is recognised as – Can you make an omelette without breaking eggs? The
purpose of this question is critically related to the behaviour of entrepreneurs towards the
business firm they are connected to. In this connection, the question built is – Is the downside
of challenging behaviour and shady business dealings an acceptable trade-off for the success
and wealth that entrepreneurs create?
Based on the applied question, the report critically tends to state that every individual
has their strengths and weaknesses indulged in themselves. In this context, the individual as
an entrepreneur is considered to indulge the potentialities of strength when the individual is
able to establish a new as well as a renowned business firm that remains stable in the long
run. As implied by Kuratko (2016), for an entrepreneur to be a successful and a renowned
entrepreneur, a high degree of enthusiasm and degree of energy is required to be able to
achieve the dreams and desires that are being set at the time of the start-up of the business
firm. On the other hand, if those needs and desires are let loose, the same may result in the
decline of the business and also create havoc in the same. As stated by Barak (2016), the
weaknesses indulged by a business person often may remain unnoticed because of the several
other peers and employees working in the organisation. Although the same does not fail to
impact the entrepreneurship characteristics of the individual and create an influence on the
sharp business activities and practices that the entrepreneur solely is responsible for.
Moreover, it was also examined that running a business firm for a more extended
period of time and sustaining its goodwill and reputation in the modern business market is not
as easy as it seems. In this connection, as opined by Chang (2016), generating the business
ENTREPRENEURSHIP THEORY AND PRACTICE3
idea is although easy, but implementing and executing the same is a matter of complete
different fact. In order to build a renowned business firm and sustain the competitive
advantage of the same in the long run is only possible if the nature and attitude of the
entrepreneurs remain the same throughout the existence of the firm. According to the
viewpoint of Ravenelle (2017), the rage of a business person in the pursuit of building a
perfect entrepreneurship is termed to be successful only when the individual has the
capability to create the most desirable and accessible products and services that satisfy the
crucial demands of the potential customers and the complete target market. In the modern era
of the business world, many terms and conditions are to be fulfilled in the criteria of
maintaining a healthy and wealthy business firm (Crane & Matten, 2016). The market
structure, the innovation changes, the technological modifications, the human- friendly
working environment, the potential meet in the demand and the supply, the strategical
implementation of the peer competitors as well as managing the Human Resources; all are
termed to be an excellent challenge for the entrepreneurs (Berman et al., 2019). An
entrepreneur in this regard needs to be critically focused and work to the greatest zeal and
enthusiasm to keep the competency of the business to the highest level and gain the motive of
adequate profit earning from the same. As studies show that many entrepreneurs build a
business firm, earn a famous paradigm in the same, but fails to maintain the same in the long
run. Thus, it can be critically stated that one cannot make an omelette without breaking an
egg. Similarly, one cannot become a successful businessman without working at the best of
the capabilities. In this connection, the given report tends to state the example of two such
entrepreneurs who were successful in building their relevant renowned business firm.
Entrepreneur 1 – Jeff Bezos
Jeff Bezos, formerly known as Jeffrey Preston Bezos is an American based
technology entrepreneur, investor as well as philanthropist. The concerned business person
idea is although easy, but implementing and executing the same is a matter of complete
different fact. In order to build a renowned business firm and sustain the competitive
advantage of the same in the long run is only possible if the nature and attitude of the
entrepreneurs remain the same throughout the existence of the firm. According to the
viewpoint of Ravenelle (2017), the rage of a business person in the pursuit of building a
perfect entrepreneurship is termed to be successful only when the individual has the
capability to create the most desirable and accessible products and services that satisfy the
crucial demands of the potential customers and the complete target market. In the modern era
of the business world, many terms and conditions are to be fulfilled in the criteria of
maintaining a healthy and wealthy business firm (Crane & Matten, 2016). The market
structure, the innovation changes, the technological modifications, the human- friendly
working environment, the potential meet in the demand and the supply, the strategical
implementation of the peer competitors as well as managing the Human Resources; all are
termed to be an excellent challenge for the entrepreneurs (Berman et al., 2019). An
entrepreneur in this regard needs to be critically focused and work to the greatest zeal and
enthusiasm to keep the competency of the business to the highest level and gain the motive of
adequate profit earning from the same. As studies show that many entrepreneurs build a
business firm, earn a famous paradigm in the same, but fails to maintain the same in the long
run. Thus, it can be critically stated that one cannot make an omelette without breaking an
egg. Similarly, one cannot become a successful businessman without working at the best of
the capabilities. In this connection, the given report tends to state the example of two such
entrepreneurs who were successful in building their relevant renowned business firm.
Entrepreneur 1 – Jeff Bezos
Jeff Bezos, formerly known as Jeffrey Preston Bezos is an American based
technology entrepreneur, investor as well as philanthropist. The concerned business person
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