Innovation and Entrepreneurship: Personal Qualities of Elon Musk and Challenges Faced by SpaceX

Innovation and
Entrepreneurship

Table of Content
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................4
Three personal qualities Elon Musk possess as entrepreneur....................................................4
TASK 2............................................................................................................................................5
Three entrepreneurial challenges Elon Musk SpaceX Venture faces.........................................5
TASK 3............................................................................................................................................7
Evaluation of entrepreneurial challenges and shortcomings in investments..............................7
CONCLSUION .............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Innovation and entrepreneurship can be understood as widely crucial aspect which has
shaped global best brands, where entrepreneurs in today’s fast pacing world are widely
innovative to bring on diverse products. Innovative business ideas among entrepreneurs
successfully shape up functional scope for technical advancement, keen rise towards new goal
oriented businesses which develops professional commercial success. The report will be
analysing Elon Musk Entrepreneur, whose ideologies and new functional skills in
entrepreneurship has been shaping varied range of diverse horizons towards varied competitive
domains. Study will be analysing focus towards personal qualities which are possess in Elon
Musk and challenges faced by Space X launch for bringing on keen parameters in structural
efficacy. The report further will discuss entrepreneurial skills possess in Elon Musk for
launching Tesla and varied challenges which have shaped fundamental scale growth towards
bringing high return from investments actively .
TASK 1
Three personal qualities Elon Musk possess as entrepreneur
Elon musk as one of the great entrepreneur possess high scale work ethics and skills
profoundly making him highly successful in all the ventures, achievable with breakthrough
benchmarks of innovative business goals. The characteristics and personal qualities of Elon
Musk can be discussed as follows (Elon Musk- the Complete Journey of a Visionary
Entrepreneur, 2017).
Insane work ethics: Elon musk is hard working innovator, working for about 100 hours a week
for bringing on innovative business efficacy in longer time frame and also technical innovation
which has fuelled investments successfully. The passion and creative energy with which Elon
Musk works has been profoundly known to be one of the best fundamental skill in entrepreneur
competently making him a successful vision achiever. His investments are insanely work

oriented with expertise and commercial acumen, profoundly making entrepreneur one of the
greatest achiever on long term scale growth operational paradigms. The targeted exceeding
challenging obstacles which have new range of success parameters are some of the most
essential aspects, where Elon Musk has been actively heading focus. TESLA success can be
analysed as one of the best aspect where competent efficacy domains in Elon Musk passion has
been raising functional growth. There is wide scale focus on long term vision oriented growth
towards competitive benchmarks, where smart work ethics of Elon Musk has actively developed
success in brand value globally.
Strong risk tolerance: Elon Musk has strong risk tolerance quality which is indeed one of the
most essential strength demanded among business competitive market, where his all time
learning skill has been also excelling growth (Lei, 2021). There are varied aspects where his risk
taking style and understanding towards uncertain business venture, has led to consistent
functional efficacy towards bringing consistent success in all ideas. Musk has taken great risk by
investing millions of dollars to found PayPal, Tesla which are his most successful ventures.
Space x founded in 2002 by Elon Musk has been found to be one of the best investment done in
business, which reduces space transportation costs actively. Brand promises quality services to
all clients globally making it one of the most productive aspect, for competent efficacy horizons
and optimistically expand towards untapped paradigms. The strong risk tolerance factor is one of
the key strength in his personality where ideologies to shape productive diversity, excelling
change among workforce has been found as most prominent. Risk factor within investments in
Space X have been effectively
Passion for innovation: With strong positive energy and zeal for creative learning, Elon Musk is
one of the most passionate entrepreneur whose ideologies to create fundamental innovation has
been imperatively growing. The entrepreneur has high passion for innovation towards varied
horizon, where technical innovation developed in companies of Tesla, PayPal has been bringing
on best returns. This can be understood that Elon Musk has dynamic passion for innovation,
which he puts in bringing stringent motivation among team members and to ideally bring on
wider scale operative goals completed. Entrepreneur vision, innovation for strategic
fundamental growth towards untapped business parameters in expanding businesses have been
found to be widely growing among new horizons. Innovative business goals have shaped
fundamental scale growth towards varied effective parameters to keep yielding advanced focus