Intrinsic Concepts In Entrepreneurship

Running head: ENTREPRENEURSHIP
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Name of the Student
Name of the University
Author Note

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Executive summary
The study is focused towards the analysis of the intrinsic concepts are connected with
entrepreneurship. Some of the most important aspects connected with effective entrepreneurships
are evaluated through the study. The entrepreneur in focus for the study is Raphael Geminder,
founder of Pact Group. The various aspects of the entrepreneurial development of the leader has
been effective in bringing about effective implications about the subject of entrepreneurship.
Germinder was found to be an effective leader whose business decisions have helped in
developing Pact as a global organization.

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Table of Contents
Introduction......................................................................................................................................3
Categorization of entrepreneurship..................................................................................................3
Type of entrepreneurship.................................................................................................................4
Talents and shortcomings................................................................................................................4
Description of entrepreneurial temperament...................................................................................5
Entrepreneurial orientation..............................................................................................................5
Motivational aspects for entrepreneurial opportunities...................................................................6
Surprising entrepreneurial aspects...................................................................................................6
Findings on the entrepreneur and insights.......................................................................................6
Teamwork value for the entrepreneur..............................................................................................7
Challenges tackled in the entrepreneurial role.................................................................................7
Mistakes committed.........................................................................................................................8
Networking aspects of the entrepreneur..........................................................................................8
Tools of trade...................................................................................................................................8
Factors supporting the entrepreneurial behavior.............................................................................9
Knowledge gained of entrepreneurship concepts............................................................................9
Conclusion.......................................................................................................................................9
References......................................................................................................................................11

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Introduction
The report is focused towards gaining effective knowledge about the various aspects that
encompass leadership and entrepreneurships. The different factors that tend to affect the
leadership prospects of entrepreneurships are evaluated through the study. The focus is on
gaining essential insight into the various factors and the specific impact they have on the growth
and development of entrepreneurship. The entrepreneur in focus for the study is Raphael
Geminder, founder of Pact Group. The Pact group are a holding company that are engaged in
various businesses. Some of the most important businesses of the company are consumer and
industrial packaging, contract manufacturing, materials handling and sustainability services.
Raphael Germinder is the executive chairman of the Pact group holdings. He is also the chairman
of the Pact Group Holdings Pty Limited. He is also the chairman of the Visy Recycling group.
He has completed his MBA from the Syracuse University. The growth and success of the Pact
group is much related to the effective entrepreneurship of Raphael Germinder. However, the
process for the development of the company has not been smooth and it has faced some
significant challenges in its way towards development. The same challenges have affected the
entrepreneurship of Raphael Germinder. There are also other significant aspects that need to be
evaluated in consideration of the leadership traits, outlook and journey of Germinder.
Categorization of entrepreneurship
The entrepreneurship of Germinder can be classified as a large business entrepreneurship.
Raphael Germinder can be classified as an effective leader as he has led Pact group towards
achieving significant business excellence. It is important to consider that Germinder has created
a strong vision for the Pact Groups and its various subsidiaries and established an effective
developmental path for the growth of the organization. At the same time it is important to
consider the other attributes that make Germinder an effective entrepreneurship performer. He
has been effective in founding the Pact group in 2002. At the same time he has also been
awarded the honorary consul of South Africa. In addition to the same, Germinder is a director in
various other private companies. His visionary leadership has caused him to be recognized as
one of the most popular entrepreneurs in Australia. He has shown extraordinary entrepreneurship
skills that has enabled his organization to excel in its important business propositions.

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Figure 1: Raphael Germinder
(Soource- Board Of Directors – Pact Group 2019)
Type of entrepreneurship
The type of leadership displayed by Raphael Germinder is both charismatic and
transformational depending upon the situations. He is focused towards the holistic development
of his organization. He has always focused towards achieving excellence in all fields of
entrepreneurial development. This has helped him to grow and evolve his leadership standards in
the changing corporate environments. The transformational leadership he has chosen as his was
of leading the various organizations that are related to him helps him to create strategies that are
important in terms of the development of the business. Germinder has helped to overcome all the
important barriers that had affected his business. It is important to consider that he has been an
effective entrepreneur due to his global vision. His leadership has seldom emphasized on the
importance of technology towards improving performance and productivity. He is constantly
focused changes that can create a better business advantage for his company.
Talents and shortcomings
Some of the most important talents of germander has been his effectiveness in
negotiating deals with the clients. Another of his most important talents include man
management capabilities and enabling people performance. He has shown great vision and

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expertise when it comes to assessing the most important business situations. He has been
instrumental in integrating all the major leadership ideas towards the formation of essential
organizational goals. However, there are significant shortcomings. These are his inability to
create effective developmental frameworks for all the people that are engaged with the
organization. At the same time the company has suffered some setbacks due to some of his rash
and quick decisions (Pact's Raphael Geminder wants new CEO to be 'in the weeds', 2019). He
has not been effective in motivating the lower order employees of the organization. Hence, his
leadership scope has been concentrated at the higher levels of the organizational hierarchy. Thus
many of the employees of the lower order have failed to identify with him.
Description of entrepreneurial temperament
His entrepreneurial temperament is passion, strong sense of the self, flexibility and
vision. He has passion for what he does. Hence, he provides much importance to business goals
and the effective means of achieving the same. He has a strong self-sense and wants to create a
more charismatic image of him towards improving his leadership skills. At the same time he
takes decisions on the basis of their flexibility. He wants to achieve goals that are more SMART
and effective. He is focused towards achieving relevant goals toward realizing greater
profitability. It is important to consider that he is an effective strategist. For this he relies on a
vision that he has been able to nurture over his years of experience in the industry. He sometimes
can also make some quick and aggressive entrepreneurial decisions. He focuses on making most
of a given business opportunity to gain the most positive results.
Entrepreneurial orientation
His entrepreneurial orientation is focused towards transforming the business performance
aspects in consideration of the most important situational factors. It is important to regard the
fact that the entrepreneurship is focused towards the development of business processes that can
lead the organization towards the achievement of greater goals in the future. He is always
focused towards calculated risk taking in terms of the business opportunities that are present in a
given environment. He has an entrepreneurial orientation that focuses on constantly evolving the
business process towards the achievement of business goals that can determine the value of the
growth of the organization greatly (Venkataraman, 2019). It is important thus to consider him as
an effective goal oriented personality. His orientation of entrepreneurships helps in the effective

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alignment of the organizational performance requirements with the performance capabilities of
the workforce.
Motivational aspects for entrepreneurial opportunities
The things that motivate Germinder most in his entrepreneurial ventures are his vision
toward gaining experience and the growth factors that can help the organization to realize greater
profitability. This creates an environment of effective development of the organizational venture.
It is important to evaluate the significance of his motivational factors view of the business
development requirement for his businesses. He is a growth focused person and believes in
creating effective business partnerships, mergers and acquisitions that can help his company to
create better performances over longer periods of time. However, at the same time he is willing
to take risks that can ensure better opportunities for profitability in the future. He has written
down his assets recently due to challenging trading conditions. He is engaged in the constant
development of policies and frameworks that can help people and the organization grow
effectively in the business environment.
Surprising entrepreneurial aspects
Some of the more surprising elements that are connected with his entrepreneurial aspects
are his innovative outlook despite being a calculated risk taker. He focuses on the more technical
aspects of the business by creating a better framework for developing them. He consults
regularly with the research as development teams. He keeps his entrepreneurial aspects intact
while making decisions that are effective in terms of the value they tend to deliver to the
organization. He takes very much interest in the development of the policies that can help to
improve the technical and technological aspects that can help in the realization of greater
productivity (Dentchev et al., 2016). It was surprising to see so much active interest for
Germinder in the technological values that tend to govern the organization. He is seen to monitor
personally all the technological equipment that are installed in the organization.
Findings on the entrepreneur and insights
The research pointed to the fact that the entrepreneur was quite like many of the other
people that are present on the rich list very focused towards the vision of the company. He is
focused towards managing the most important areas of the developmental process that the

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companies go through. It was surprisingly revealed that despite the initial assumptions that he
takes the risks very calculatedly, he was seen to make very bold decisions for the organization. It
is important that the organization effectively takes the decisions like the 340 million dollars write
down that it had to engage in due to the issues that it faced in the market. The entrepreneurial
vision was also found to be dependent on factors other than the requirements of time. He has
always focused towards achieving excellence in all fields of entrepreneurial development. This
has helped him to grow and evolve his leadership standards in the changing corporate
environments.
Teamwork value for the entrepreneur
He views teamwork very importantly. It is important according to Raphael Germinder to
innovate the organizational process through the participation in essential teamwork functions.
This creates better performance scope for the future. The entrepreneur focuses on the
development of policies that can reap benefits for the teams that engage in coordinated activities
towards the achievement of essential goals. Germinder has always stressed on the need for
becoming better entrepreneurs. It is important to consider that the organization is always better
performing if the teams do their work in accordance of the organizational goals that are set for
them. Germinder supports the servant leadership mechanism within the teams. According to him
this improves greatly the performance potential of the teams. The organizational outlook that the
entrepreneur has focuses on the development of effective teams. Effective team management is
one of the most important outlooks of the Pact Company.
Challenges tackled in the entrepreneurial role
There were significant challenges that Germinder had to face in his role as an
entrepreneur. The company had to cut down many of their important departments due to the
extreme financial pressures that they had to endure. As the chairman of the group Germinder had
to take all the important decisions in regards to the downsizing of the organization at times. The
entrepreneur made significant steps to expand into the retail market. However, the Reject shop
where the investment by the group did not agree to the offer. The Pack group however, did not
stop at this and continued to focus on the market development concerning its various industries
of operation. This has helped the organization and Germinder to function effectively with

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flexible plans. Germinder kept his plans alive and invested towards partnerships that actually
helped the organization to achieve greater productivity.
Mistakes committed
There were some important mistakes that were committed by Raphael Germinder. The
profit margins of the organization crunched and incurred a loss of 150 million AUD (Pact's
Raphael Geminder wants new CEO to be 'in the weeds', 2019). Germinder failed to make any
effective plans to tackle the losses that were endured by the Pact group. Hence, his major
mistakes were failing to create better strategies to tackle the changing conditions of the market
operations. There were significant decisional mistakes that were made by Germinder as he failed
to contribute towards any significant strategies that could have helped the organization to
perform better. He has made mistakes in regards to the ineffective venture into the retail world.
He could have created a more effective partnership with the retail giants Reject Shop. Ineffective
decision making on his part did not contribute to the effective undertaking of the retail shop. This
resulted in missed opportunities for growth and development.
Networking aspects of the entrepreneur
One of the most important aspects of business improvement in the corporate world is the
creation of efficient networks. The Pact Group created effective networks in the consumer and
industrial packaging, contract manufacturing, materials handling and sustainability services. This
helped in the formation of goals that were important in realizing significant profitability. It has
created a name for itself in the packaging industry. It has effectively created a strong network
with various different organization that has contributed towards the development of its
organizational business scope. The company has formed essential partnerships with the various
Asian organizations to market their products. This has contributed towards the effective
development of trade. Most of the networking functions have been led by the entrepreneur.
Tools of trade
The tools of trade that the entrepreneur has used for the development of his business
effectively have been innovation oriented leadership outlook, utilization of the most effective
technologies, development of stronger networking and creation of better leadership facility. It is
important to remember that the innovative outlooks have helped the company to develop

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innovative ideas towards the achievement of important organizational goals. The effective
utilization of especially IT technologies have helped the organization to develop better planning
and development of its strategies. Another important trade tool that has been utilized by the
organization is the effective business communication tool.
Factors supporting the entrepreneurial behavior
The factors that support the entrepreneurial behavior are the willingness to make
actionable strategies. Along with this the factor that contributed greatly towards the
entrepreneurial is the creativity factor. Pact was able to create better networks due to its creative
and effective business approaches. Technology has been an important factor in determining the
value of the entrepreneurship of the organization (Botha & Bignotti, 2016). Teamwork value has
worked in favor of the entrepreneurship. The development of better values has created a strong
performance oriented framework for growth and development. Persistence of the management
has also contributed towards the continuous growth of the organization. The entrepreneurship
has been greatly focused towards the effective development of the entrepreneurship venture.
Entrepreneurial temperament is passion, strong sense of the self, flexibility and vision are also
very important considerations for the development of
Knowledge gained of entrepreneurship concepts
Some of the important concepts that were derived from the study were the importance of
entrepreneurial intent, the development of innovative entrepreneurship values and the
effectiveness of the entrepreneurial development process. It is important to note that
entrepreneurships are more about making the right decisions at the right time. Entrepreneurship
is a holistic process that depends on the utilization of various forms of effective leadership
strategies to be implemented. It was very importantly found that entrepreneurs can have difficult
times and focusing on the challenges is an important way to stay on track for entrepreneurships
Conclusion
The implications of the study point towards the fact that Raphael Germinder has been an
effective entrepreneur in the present times in the corporate scenario of Australia. The
transformational and charismatic leadership displayed by Germinder has contributed toward the
development of the Pact group. He has also been effective in uniting all the major subsidiaries of

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the Pact group into an effectively functioning holistic enterprise. Germinder has helped to
overcome all the important barriers that had affected his business. Additionally, he has been an
effective entrepreneur due to his global vision. Germinder has focused on the development of an
effective business. He has also contributed greatly towards the scope of similar entrepreneurial
ventures. The effective entrepreneurship has created a better entrepreneurial environment in
Australia.

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References
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Pact's Raphael Geminder wants new CEO to be 'in the weeds'. (2019). Retrieved 23 August
2019, from https://www.afr.com/companies/manufacturing/pacts-raphael-geminder-
wants-new-ceo-to-be-in-the-weeds-20190219-h1bgs9
Venkataraman, S. (2019). The distinctive domain of entrepreneurship research. In Seminal Ideas
for the Next Twenty-Five Years of Advances (pp. 5-20). Emerald Publishing Limited.
Welter, F., Baker, T., Audretsch, D. B., & Gartner, W. B. (2017). Everyday entrepreneurship—a
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