The Journal Personal Journey: Self-Assessment and Business Analysis

RUNNING HEADER: The Journal Personal Journey 1
The Journal Personal Journey

The Journal Personal Journey 2
Contents
First Personal Journal Entry Set.............................................................................................................3
Second Personal Journal Entry Set........................................................................................................5
Third Personal Journal Entry Set............................................................................................................5
Fourth Personal Journal:........................................................................................................................7
Fifth Personal Journal:...........................................................................................................................9
Reference:...........................................................................................................................................10
Appendix:............................................................................................................................................11
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The Journal Personal Journey 3
First Personal Journal Entry Set
The self-assessment process requires five assessment, and in this self-journal, I will state the
basic principles of the self-assessment process and compare myself with the philosophies to
get a conclusion about myself. This self-assessment procedure is based on five different
stages, which are achievement drive, creativity, desire for autonomy, and internal locus of
control.
Me
Achievement Drive:
The achievement drive is the level of desire and dedication given to the individual goals.
Every individual, especially the entrepreneurs have specific goals based on which they act
and frame their business strategies. My primary objective was to create this hotel to serve
those people who want to get good food at an affordable price. Another desire was to provide
the foreigners a glimpse of the Indian and Asian cuisine.
Creativity Tendency: This business idea of opening a South Asian restaurant may not seem
like a creative one, but this business idea is unique. Majority of the fast food corners provide
local food products, which can be grown and made locally.
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The Journal Personal Journey 4
Risk Taking: However, opening a restaurant for the foreign delicacy that also at an affordable
price point is a unique business idea.
Desire for Autonomy: Arora et al. (2011) have stated that this business proposal is
autonomous, as this does not require any outsourced service. The raw materials are readily
available in the local market, and the chefs and the staffs are local as well.
Locus of Control: The entire business can be controlled through the chief executing officer. As
this restaurant will be controlled and operated by using three staffs only that is why the entire
restaurant and the business operations can be easily controlled by using one post only.
B.
As this project is a pilot project that is why the scope for improvement is limited. One thing
can be added that this business is using a local chef to make the foreign delicacies. Also, the
chef does not have any experience about the regional food of South Asia, and that is why it is
tough to maintain the authentic taste of South Asian cuisine in the meals of that particular
restaurant. To improve the taste or authenticity of the food, the organization needs to hire a
chef who has enormous experience in South Asian cuisine or someone who has done his
specialization in South Asian cuisine (Boud, Lawson, & Thompson, 2013).
Personality:
As per the self-assessment test, my scores reflect that I am a hipster. I cant maintain and
conduct the entire operation on my own, and I cannot conduct the business operations myself.
I have provided the idea of the leading business and how the human resources will be
organized and how the business operations will be conducted. That is why I consider myself
as a manager or the creator of the idea.
My Poster Entrepreneur:
Recently I read about the CEO of ‘Wao Momo.' This organization worth more than $30
million and the entrepreneur started his journey with $4000 only. They hired a small place to
sell their momos, which is typical fast food and very soon they developed their company.
Initially, this organization was not making any profit at all, but that was not their primary
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