New Enterprise Venture Development

Running head: NEW ENTERPRISE VENTURE DEVELOPMENT
New Enterprise Venture Development
Name of student
Name of University
Author note

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Assignment 3: Individual reflection
This piece of work is a reflection based on the personal experience acquired by me for
the group consultancy project. To ensure that he reflection based on the project is done
correctly, I will like to use the reflective cycle by Kolb’s to manage concrete experience,
manage active experimentation, abstract conceptualisation and making reflective
observations too. I personally think that Preston has experienced poor management of the
environment, transportation issues and lack of ability to manage a proper shopping centre.
The environment was clean and because of the materials and resources transported through
waterways, there was need to maintain a clean and healthy environment where business could
be set up as well as managed effectively. I have been appointed as the leader of the project
and have learnt about these issues faced at Preston, which are needed to be mitigated as soon
as possible for successful management of a business in the concerned location (Bruton et al.
2015). I have also learnt that to establish a proper business in Preston, first of all, it is
important to create a cleaner and healthier environment, furthermore ensure that the
transportation of goods is done properly too.
The group is formed by me as well as organised though with the consideration of
various issues and at the same time, facilitate having an experience, based on which, the
project can be commenced with ease. The work reflects my personal experience while
working in a group for the consultancy project while at the same time, facilitated individual
skills, knowledge and expertise to work as an unit and in coordination. The thing that most
importantly, worked well, has been the communication and team work, which assisted me to
ensure that the project is managed properly and positive outcomes can be derived. One of the
most important that did not work well is the lack of communication between individuals,
because of the different views and opinions, which often caused conflicts and
misunderstandings too (Danes and Jang 2013). I would like to try out something different like

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creating a forum online and make them discuss about the project by sharing and exchanging
their individual views and opinions, furthermore ensure making a perfect decision in the end
too.
The Kolbs learning cycle is known for its effectiveness to facilitate learning from the
experiences obtained in life consistently, furthermore improve the learning approach through
reflection and making reflective observations. The four stages comprise the learning cycle
proposed by Kolbs and it starts from doing something to obtain experience, reflect on the
experiences by thinking what I have done, conceptualising the facts and finally developing a
proper project plan for successful and positive outcomes.
Gaining a concrete experience is essential and this has been possible by actively
taking participation in various projects and leadership campaigns. I have assigned various
individuals who have the relevant skills, knowledge and expertise about the concerned
market. I communicated with them via telephonic conversations and emails to take part in the
group and even facilitate group thinking and teamwork (Keating, Geiger and McLoughlin
2014). As it was necessary to develop a proper strategic plan and make the clients decide