(PDF) Entrepreneurship, Innovation and Creativity
Added on 2020-10-22
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Managing Entrepreneurship,Innovation & Creativity
Table of ContentsTASK 1............................................................................................................................................1Introduction.................................................................................................................................1TASK 2............................................................................................................................................1Entrepreneurial traits are needed to be a successful entrepreneur. What traits and attributesshould they avoid?.......................................................................................................................1TASK 3............................................................................................................................................4The Concept Plan........................................................................................................................4REFERENCES................................................................................................................................9
TASK 1IntroductionAn entrepreneurship is an activity of setting a new business, taking the financial risk forearning profit. Innovation and creativity both are regarded to overlapping construct among twodifferent stages of creative process. Creativity is production of the useful or new ideas and on theother hand, innovation is execution of new ideas in to new service or goods. I am an entrepreneur, creative and innovative person and I am coming from the openenvironment where my parents support me for doing some thing new and innovative. I aminterested in doing the new things, take risk and overcome from them by making the bettersolutions in an effective manner. My family members are more supportive and provide me fullfinancial support. In my family, my father is entrepreneur and from him I learn many things orcreativity. Under this module, I am bringing selling skill, self- reflection, resiliency, strongleadership qualities, motivation etc. These all skills and attributes are helpful for me in setting upthe new business in a better or effective manner. As I am very creative and also develop the newideas and concept for make business more successful. TASK 2Option D – Theme - Entrepreneurial Journey Entrepreneurial traits are needed to be a successful entrepreneur. What traits and attributesshould they avoid?Entrepreneurship is the process of starting new business with creative ideas and willing totake risk. It is the capacity to organise, develop and manage new business with the hope to makeprofit. The person who develop the business is called entrepreneurs (Abu-Saifan, 2012).Entrepreneurial Journey What is question asking- The question is asking from me about the journey of anentrepreneur and different traits which are required to be an entrepreneur and which should beavoid. Find onDiscover- In the research, I discover that traits should be necessary in an entrepreneur because itis helpful in conduct the business activities and operations in a significant manner. On the otherhand, entrepreneur should be innovative as well as creative to make things better. 1
Research methodology- The research methodology that was used in conducting aninvestigation is qualitative because it is based on the theoretical basis.Measure success or failure- If an entrepreneur is able to perform its business functionsand enhance sales then it will help in measure success and on the other hand firm is facing theloss and many risk arise then it will be failure.Entrepreneurshipeducation and Business start-ups- It is necessary that an entrepreneur should be well qualifiedand he should have better knowledge and understanding about the business or managementconcept. Through this, it can able to start the new business firm in an effective manner. Every entrepreneurs should possess entrepreneurship traits. These attributes helpsbusiness to take risk and earn maximum profit with creative ideas. The traits which entrepreneurrequires are:Traits of an Entrepreneur as AdvantagesThe characteristics of an entrepreneur is termed as entrepreneur traits. The eight traits ofan successful entrepreneur traits is been discussed below.Strong leadership qualities: A leader is more than just a retentive. He values goals nomatter how much unpleasantness work is there to reach that goal and a capacity to boosts themorale of the employees with strong communication and interpersonal skills (Anderson,Potočnik and Zhou, 2014). The person directs subordinates to achieve group or an individualgoal's and bring out effectiveness and efficiency in their work. An individual gains the faith andrespects of the subordinates by directing them towards a positive path and encouraging them forfulfilling the objectives. Highly self-motivated: Successful entrepreneurs are the one who take actions to invokechanges by going out and analysing the world. They do no sit back and wait for the opportunitiesto come to them to grab. A person is confident and motivated and work passionately to achievethe targets or solve problems. He is of flexible nature and adapt to the changing situations andthink foresightedly at a universal level by a more complete vision or goal rather then on thepresent task (The 5 Personality Traits All Entrepreneurs Must Have, 2018). A person is skilled inhis field and encourages his subordinates by motivating them for accomplishing new tasks andobjectives. 2
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