Kolb's Experiential Learning Theory
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Added on 2020-10-22
Kolb's Experiential Learning Theory
Added on 2020-10-22
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Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1CONCLUSTION ............................................................................................................................5REFERENCES................................................................................................................................1
INTRODUCTIONBusiness canvas model has to developed as a strategic tool for the development of a newbusiness. Kolb’s experiential leaning theory imputes for the development of new concepts isprovided by new experiences and involves the acquisition of abstract concepts that can beapplied flexibly in a range of situations. MAIN BODYKolb’s experiential leaning theory works on two levels that is four stage cycle of learningand four separate learning styles. Learning is the process whereby knowledge is created throughthe transformation of experience (Kolb’s experiential leaning theory. 2018). The four stages are:concrete experience, reflective observation, abstract conceptualization, active experimentation.While doing the project me and my team use business canvas model which provide help me tounderstand a business model in a straightforward and structured way. It helps to develop theinsights which is useful to conduct this project in successful manner. Four stages of Kolb'sexperiential leaning theory are as follows : Concrete experience : While doing project my experience is wonderful and I get toknow about various things which are previously unknown by me. I get to know the important ofa business idea which provide help to run a successful business. Wedding Bells is the companywhich involves in various activities such as : wedding planning and event management. I get toknow about how organisation can use business canvas model so that it can get success. I knowthat how business idea can be develop and what are the necessary steps should be taken. Myoverall experience is good except one thing that is time management as a result work can not becompleted as per the required time frame. My team mates also have good experience and theyfeel that there is good communication and coordination which provide help to communicate therelevant information on time so that work can be done in effective manner. The thing which Ilearn is that how collective efforts can help to conduct a task in successful manner. For anentrepreneur is it essential to think something innovative so that better idea can be generated. Itis a person who take risk and operates the business activities and who is responsible to runningthe operations and functions. Goal and objectives should be frame in that manner so that targetscan be achieve as per the stipulated time period. It should be profit potential so that enterprisecan expand and with out sufficient profits the efforts of entrepreneurs would remain only an1
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