Innovation and Entrepreneurship

INNOVATION AND
ENTREPRENEURSHIP

Table of Contents
TASK 1.......................................................................................................................................................2
Critically analyze three personal qualities that made Elon Musk a great businessman............................2
TASK 2.......................................................................................................................................................4
Critically examine three entrepreneurial challenges that Elon Musk’s SpaceX business will face with
the current Starship launch and vision in establishing first self-sustainable city on planet Mars.............4
TASK 3.......................................................................................................................................................5
Critically evaluate entrepreneurial performance of Elon Musk and any shortcomings during his
investment in Paypal................................................................................................................................5
REFERENCES..........................................................................................................................................8

TASK 1
Critically analyze three personal qualities that made Elon Musk a great businessman
In the world of business, many entrepreneurs available that has made effective
contribution to change the world through their innovative ideas and concepts. Elon Musk is one
of those successful entrepreneurs that has used his abilities and personal qualities to become a
great businessman in effective manner (Successful Personality Traits to Learn from Elon Musk,
2021). Here, three specific personal attributes of this entrepreneur mention below;
Positive Energy-
Elon Musk name is included in list of top and the most successful entrepreneurs in the
whole universe. As a key source of success, his personal qualities has contribute to make him a
great businessman. His workers, consumers, business investors and other stakeholders felt
energized and positive when he is around them, because Must is truly charismatics with a
positive outlook and hopefulness for greater future (Ferraz and Fernandez, 2020). He never take
his steps back from barriers or any venture challenges, which may affect its business success and
growth. Elon Musk has positive energy that help to made him a great entrepreneur and also allow
to spread positivity at workplace, which is quite important for better progress. This quality is one
of those personal attributes that made a person able to be confident and think about solving
issues, instead of sitting back and get afraid. Charisma is an ultimate leadership characteristic
which he had. His completely unimaginable patience, persistence and excellent leader skills,
drive him towards success that is hard to get but not possible for anyone when they have
personal qualities like Must has. This quality enhance and complement his other attributes and
traits as well.
With positive energy and thinking, he continually overcome extremely challenging
situations in his ventures, which is appreciable. It help him to win and make other follow his
ideas.
Passion for innovation-
In list of Elon Musk personal qualities, passion for innovation is the best and appropriate
one because it made him a great business man. He is quite passionate about innovation and