Entrepreneurship and Elon Musk's Entrepreneurial Performance

and Entrepreneurship

TABLE OF CONTENT
INTRODUCTION...........................................................................................................................................3
TASK 1..........................................................................................................................................................3
Three main personal qualities that made Elon Musk a great entrepreneur in order to grasp the
business opportunities............................................................................................................................3
Theories that are being adapted by entrepreneur..................................................................................4
TASK 2..........................................................................................................................................................5
Analyse all the entrepreneurial challenges which were faced by Elon Musk in SpaceX business
venture....................................................................................................................................................5
TASK 3..........................................................................................................................................................6
Research to evaluate the Elon Musk's entrepreneurial performance on the projects............................6
CONCLUSION...............................................................................................................................................9
REFERENCES................................................................................................................................................9

INTRODUCTION
Entrepreneurship is the tool or the method which helps out to maintain the new business
and idea in order to earn revenue in the market. This is mainly the framing of new ideas and the
culture in their business so as to expand in all the areas in the market. All such business is being
created by the entrepreneur who se to innovate the techniques in their business and frames out all
the methods and the process that helps them to gain the target and also the reach through which
the business can be gained(Lei, Hock, and Karim, 2020) In order to start a new business the
entrepreneur need as new idea and the innovation in their product through which they attract the
customers and gain the maximum trust of all the people in the market. This report will further
cover all the entrepreneur sills of Elon Musk with all his venture of SpaceX with their challenges
and the evaluation that helped out in maintaining the electric car Tesla.
TASK 1
Three main personal qualities that made Elon Musk a great entrepreneur in order to grasp the
business opportunities.
Entrepreneurs are the person who use to hold the business and enter in the market with
some new idea and innovation in order to gain the customers and also the control of the
market. They have to attain and carry the new skills and the techniques that will help out
to reach the competitiveness n the market. Elon Musk a being the founder of the SpaceX
and has also made the Tesla inc. which is the most well known and important innovation
of Tesla, as being an entrepreneur he attain certain qualities which are as follows:
Entrepreneurial spirit- This is mainly the risk taking ability, as there has been outgrown that in
order to start any business it is important to maintain and hold the business with utter confidence
and their use to be a high risk taking abilities are being needed. Elon Musk has that spirit as he
thereby being always ready to take the risk with confident tries to maintain the growth and
innovation with his product(Del Bosco, Chierici, and Mazzucchelli, 2019).
 Strategic direction- Elon Musk tries to regulate all the strategy in their work so as
that will help them up and guide to maintain the work and the growth in the
market with utter confidence and also regains them to develop the team work and
the spirit that lies within. As for maintaining the growth in the market their should