Innovation and Entrepreneurship: The Success of Elon Musk

INNOVATION AND
ENTREPRENEURSHIP

Table of Contents
Introduction ....................................................................................................................................4
Main body........................................................................................................................................4
Task 2..............................................................................................................................................6
Entrepreneurial challenges face...................................................................................................6
Task 3..............................................................................................................................................7
Entrepreneurial performance over project...................................................................................7
CONCLUSION ..............................................................................................................................9
REFERENCES..............................................................................................................................10

Introduction
Entrepreneurship is the quality that help to produce a unique product or service that help
consumers to feel new experience. This skills are shown on the success of their products or
service in market and shown through his success. Innovation is the process that makes a process
easy and convenient to use by customers. The demand, need and wants are fulfilled through
innovation by entrepreneur to in order to get success in market. It is an important aspect for
business to work on innovation that help to get the strong position in market. This help to offer a
unique experience to world through their innovative products move towards technology. This
qualities are being scene in Elon musk which is the owner of top venture like Tesla, Space X,
hyper loop and PayPal. The challenges are also being faced by Elon Musk during their star ship
program of Space X. And the working on PayPal, Tesla and hyper loop that shows the true
entrepreneurship skills Elon Musk have.
Main body
Elon musk is one of the most successful qualities of entrepreneur that makes him a world
best entrepreneur. He is having many entrepreneurship qualities that shows him through its
success and makes a great leaders. He is working in the latest technology and innovation that is
used in their ventures that creates the best new innovative ideas and products to serve in market
and maintain a unique identity of their products. For example: Space X is one the major venture
that is working on the landing on Mars and on the other hand Tesla cars models which operate
through lithium batteries cars which help to saves environment from damage cost very less when
it compare to other cars which is operating with gasoline releasing CO2 and carbon emission
(Arvin and et.al., 2020). It also saves cost when it compares to gasoline cars which shows high
maintains and running cost. This feature is invented by Elon Musk with his talent and
entrepreneurship skills using innovation in process that help world. However, Elon Musk
qualities are moreover which are: