MANAGEMENT1 Table of Contents Introduction................................................................................................................................2 Background of the entrepreneur.................................................................................................2 Characteristics and traits............................................................................................................3 Opportunity recognition and development of idea process........................................................4 Competitive advantage...............................................................................................................5 Recommendations......................................................................................................................5 References..................................................................................................................................6
MANAGEMENT2 Introduction ThewordentrepreneuroriginatesfromtheFrenchword“entreprendre”implies“to undertake”. Innovation and creativity ooze out of the pores of an entrepreneur(Chandra, Styles and Wilkinson, 2009). On the wider side, the concept of entrepreneurship has a wide range of meanings which emphasizes on new products, new markets, new production methods and new form of enterprise. While such innovation brings out new demand, wealth is created(Chatterji, Glaeser and Kerr, 2014). This viewpoint also helps in signifying one significantfunctionofentrepreneurshipwherecombingvariousinputsfactorsinan innovative manner will lead to generating value to the consumer. This report outlines towards one of the famous entrepreneurs i.e. Sian Simpson and her contribution towards community with bringing a New Zealand start-up named Kiwi Landing Pad. This start-up was established in 2011 and its aim was to help New Zealand enterprise to expand its business in the US markets. This report also discusses background of Sian Simpson which includes her history, growth and socio-cultural background. The traits and relevant characteristics are also being discussed in reflection with the significant theories. Moreover, how Sian Simpson founded the opportunity and convert it into business ideas is also analysed. The competitive advantage of Kiwi Landing Pad comparing to its competitors is also signified with backing up of relevant facts. In last, several recommendations are suggested for Sian Simpson and its venture for its future business and avenues. Background of the entrepreneur Sian has personal story that would describe how her traditional portfolio career was being. She visited more than 45 countries and embraced ‘the future of work’ for almost a decades (celebrityspeakers.co, 2019). She had also worked with various clients across the globe on her previous career portfolio, however, her vital role initiated with heading up to Kiwi LandingPadwithbeingaglobalcommunitydirector.Thecompanyisstart-upand TechnologyCompanywithvisionofhavingglobalaspirationsandexporting (kiwilandingpad.com, 2019).
MANAGEMENT3 Underneath all her success, Sian also sat before on the dark side of depression, suicide and severe anxiety, however, later on, she realised at 21 that everything that made her confident was “on” her, and not “in” her. After realising this thing, she set out change and with shedding all things back, she learned to define her own success. Sian majorly spends her time in New Zealand and San Francisco and doing regular journey in min international markets like Paris, London and Singapore. Sian also frequents various hubs in US to say linked, develop community and study about major trends and influences impacting NZ and the rest of world. Sian also shared her ideas and views to thousands of people belonging to different culture and background and thus champion a distinct learning style. She gains understanding about innovation and technology from some of best leaders in New Zealand, Israel and Silicon Valley. All it can be viewed as a conceptual framework of entrepreneurial learning that helps her to activate entrepreneurial learning processes for transforming the beliefs and idea into entrepreneurialpracticeslater(Heinonen,HyttiandStenholm,2011).Basedonthis background,theaimofthisconceptualframeworkwouldexplaintheprocessof entrepreneurial learning as an experiential process. Characteristics and traits Sian is a dynamo and expressed the vision, priorities and commercial context of Kiwi Landing pad with grace, energy and intellect. Through her creativity and efforts, Sian establishes Kiwi Landing Pad to be a bridge between New Zealand and the USA. She is also a true global citizen who had visited more than 50 countries all over the world to foster learning and building relationship with local influencers. Sian also a business minded women who seek innovation in the various communities of these countries. She also exemplifies philosophy of do not travel, live(linkedin.com, 2019). NZSMJ, a well know sales and marketing Jam was also initiated where the experts of US start-ups and technology will get a platform to share their networks and experiences with the Kiwi Landing Pad business. After being finalist in 2015 and 2016, Sian was called the New Zealand Global Women of Influence in 2017. Moreover, she was also the winner for innovation and technology of the North Harbour Clubs prestigious AIMES award.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
MANAGEMENT4 One of his traits resembles that she is a content interviewer and strategist where she talks with influencergloballeaderanddevelopsdigitalinformationfortheirbusinessesand management(Zampetakis, Beldekos and Moustakis, 2009). Hence, she was passionate to do work enthusiastically in all the fields. All this resembleshere traits of being a successful entrepreneur with a clear vision, passionate towards the work, tenacity to change and modify her plan as per the situation, confidence in herself and the business, flexibility to try new approaches from various countries influencers and so on. She also reflects persistency as she builds her own luck with hard work and never stop learning or giving back. Therefore, traits also reflect entrepreneur personality attributes(Nga and Shamuganathan, 2010). Opportunity recognition and development of idea process Consideringventurecreation,opportunityrecognitionisacrucialprocesswhere entrepreneurs perceive the possibility of initiating new businesses or enhancing existing business.Generally,therearethreefundamentalstepsintheopportunityrecognition signifying perception, discovery and creation(Gregoire, Barr and Shepherd, 2010). Sian perception of taking New Zealand technology to the world so as to build a world-class place help her to initiate business of Kiwi Landing Pad. She discovers more than 50 countries and theirtopinfluencertolearnvariousthingswhereKiwithriveinbusiness,lifeand environment. In last, she establishes the business with a growing community in dream of exporting the business overseas. In response with various theories of entrepreneurship, Max Weber theory of social change is best matched with Sian Simpson. This theory advocates a sociological explanation for the development of entrepreneurship as they play a vital role in determining the entrepreneurial culture(Watson, 2013).Moreover, it urges spirit of capitalism as a fundamental concept. Kiwi Landing Pad (KLP) was set up as a non-profit in 2011 which offers a landing point for a rising number of Kiwi technology businesses wises to grow into the US. The philosophy of KLP helps many companies by accelerating their business growth plans with the integrated framework of knowledge, network and curated community.
MANAGEMENT5 Currently, community of Kiwi Landing Pad has over 4,000 members in more than 36 nations around the world. New Zealand Technology Company is hoping to break into the US market and with Kiwi Landing Pad, it helps them to share the knowledge between those who have thrived and those who want to prosper. It was also found that Sian Simpson never misses an opportunity to learn and share knowledge as during NBR Radio Andrew Patterson, she discussed her own path into the business world and how Zealand technological organisation can effectively leverage their compatriot's experience and escape from their mistakes. She also believes to be open to ideas from everywhere and then steals them. Competitive advantage Kiwi Landing Pad is making the journey of building a global business from New Zealand easier. With using of technological advancement and building a global and virtual community so that entrepreneurs, founders and talent can get access to what they need anywhere and anytime(Kurt Christensen, 2010). It also offers communities to expand themselves into the newer markets. This shift will lead potential New Zealand talent, start-ups, and entrepreneurs to bring Kiwi innovation into the most competitive markers into the world. One of the major competitive advantages of this community enterprise is the support they got from leading business firms such as BNZ, Air New Zealand and NZTE(Nzentrepreneur, 2014). Moreover, the New Zealand government also supports the organisation by means of funding. Moreover, Sian Simpson had visited into more than 50 countries and considering her experiences and learning from the influencer of those countries, it will be beneficial for her and the venture to continuously flourish in the US market as well as other nations. In addition, being a community organisation and support from government, the enterprise is not getting fierce competition in the market and thus ensures the future sustainability of the organisation. Recommendations Kiwi Landing Pad is an active community for entrepreneurs and by entrepreneurs and with active support from the government of New Zealand, the venture is effectively accelerating to success.Consideringthefuturegrowthpotentialofthiscommunityorganisation,the
MANAGEMENT6 company need to focus other than US markets. For instance, Sian can consider the top nations of previous year for entrepreneurs such as Germany, Japan and UK. This will help the organisation to offer unique and relative perspectives to all start-ups and innovators in these respective nations. In addition, the company can also set up joint venture with various other community organisation in US so as to strength their business process between these two countries.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
MANAGEMENT7 References celebrityspeakers.co.(2019)ExclusiveGoldEliteSpeaker[ONLINE]Availablefrom: https://www.celebrityspeakers.co.nz/sian-simpson/#speaker-profile[Accessed 06/04/2019]. Chandra, Y., Styles, C. and Wilkinson, I. (2009) The recognition of first time international entrepreneurialopportunities:Evidencefromfirmsinknowledge-based industries.International Marketing Review,26(1), pp.30-61. Chatterji,A.,Glaeser,E.andKerr,W.(2014)Clustersofentrepreneurshipand innovation.Innovation Policy and the Economy,14(1), pp.129-166. Gregoire, D.A., Barr, P.S. and Shepherd, D.A. (2010) Cognitive processes of opportunity recognition: The role of structural alignment.Organization science,21(2), pp.413-431. Heinonen, J., Hytti, U. and Stenholm, P. (2011) The role of creativity in opportunity search and business idea creation.Education+ Training,53(8/9), pp.659-672. kiwilandingpad.com.(2019)AboutKiwiLandingPad[ONLINE]Availablefrom: http://kiwilandingpad.com/about/[Accessed 06/04/2019]. KurtChristensen,H.(2010)Definingcustomervalueasthedriverofcompetitive advantage.Strategy & Leadership,38(5), pp.20-25. linkedin.com.(2019)SianSimpson[ONLINE]Availablefrom: https://www.linkedin.com/in/siansimpson[Accessed 06/04/2019]. Nga,J.K.H.andShamuganathan,G.(2010)Theinfluenceofpersonalitytraitsand demographic factors on social entrepreneurship start up intentions.Journal of business ethics,95(2), pp.259-282. Nzentrepreneur. (2014)WHAT IS THE KIWI LANDING PAD?[ONLINE] Available from: https://nzentrepreneur.co.nz/kiwi-landing-pad/[Accessed 06/04/2019]. Watson, T.J. (2013) Entrepreneurial action and the Euro-American social science tradition: pragmatism, realism and looking beyond ‘the entrepreneur’.Entrepreneurship & Regional Development,25(1-2), pp.16-33.
MANAGEMENT8 Zampetakis, L.A., Beldekos, P. and Moustakis, V.S. (2009) ‘‘Day-to-day” entrepreneurship within organisations: The role of trait Emotional Intelligence and Perceived Organisational Support.European Management Journal,27(3), pp.165-175.