Innovation and Entrepreneurship: Exploring the Success of Elon Musk and Tesla

Innovation and
Entrepreneurship

Table of Contents
INTRODUCTION...........................................................................................................................3
PERSONAL QUALITIES...............................................................................................................3
CHALLENGES...............................................................................................................................4
ENTREPRENEURAL PERFORMANCE......................................................................................5
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................1

INTRODUCTION
Innovation and Entrepreneurship are considered to be one of those aspects that will bring out the
business development ideas in no time. In this present era there seems to be a lot of innovations
that are adopted by companies around the globe. The world is full of opportunities and there are
young entrepreneurs every now and then coming up with their ideas and implementing them in
no time (Nambisan and et.al, 2019). Entrepreneurship is defined to be one of the complicated
aspects that is performed by individuals and sometimes there might be people supporting the idea
or at times will have to go on an individual implementation. The entire report deals with
entrepreneurship and the different innovations that arise as a consequence of the entrepreneurial
ideas. The report also brings forth one of the greatest entrepreneur your Elon Musk. Elon Musk
in his tenure of being the entrepreneur was not believed by many and yet he did not fail to lose
strategies of innovations and now turned out to be one of the billionaires of the entire world. The
innovation that are in regards to Elon Musk as well as the entrepreneurial ideas that are adopted
by him are put forth in this report.
PERSONAL QUALITIES
Say no attitude: Elon Musk enthrals upon saying no to dropouts. It is said that when an idea of
entrepreneur is going to flourish in the beginning there will be challenges that are associated and
also there will be critics that are to be dealt with (Cunningham and et.al, 2019). This is being
faced by Elon Musk at every interval of his development. But the challenges never stopped Elon
Musk to drop in between from the choices that he made. The entrepreneur Elon Musk is so
determined and so passionate towards his goals and strategies that even the critics that came
along his way were dealt in a proper manner and with positivity he continued the work he
started. Through this determination he has developed one of the online banking platforms which
is PayPal. The idea of PayPal was at first being criticized as one of the most underrated (Elert
and et.al, 2017). Elon Musk with the strategies paved way for its implementation and now it is
regarded as one of the most preferred online payment modes. The application conquered The E-
Commerce industry in such a way that every user came up with a positive response. Although
there were many critics in the beginning of development of this application yet the Paypal
application was sold making Elon Musk one of the billionaire.
Proved that serial entrepreneurship is not a bad idea: every entrepreneur upon developing the
idea of implementing things up on there will come across negotiations that will act as a barrier