Reflecting Essay on Enterprise Development

This reflecting essay explores the experiences gained during the planning process of developing a business idea. It discusses the benefits of reflection, different types of models, and the author's use of Gibbs reflective cycle. The essay concludes with an action plan for future improvement.

Enterprise
Development
Reflecting Essay

INTRODUCTION
Reflection refers to the process of thinking about the experiences and analysing its
effects, causes and future indications. Reflection is basically exploring of issues of concern
related to an experience. It is not necessary for a reflection to be positive, it can even be negative.
There are some things that I feel during my experience where I got some difficulties. The main
thing in this process is to be honest with yourself, If you are not honest then you cannot work on
the difficult parts of your evaluation. But on the other hand I learned new things and also
improved my skills. It aims to be thoughtful and analytical based on your experience. (Kiersch
and Gullekson, 2021)
This reflection is all about the experienced I gained during my journey of the planning process
while development of my business idea. It is based on how I functioned there, how I felt during
the process, what I have learned and many other such things. We will discuss how the process
might have more effective, what else could I have done and much more.
Benefits of reflection
It helps us in taking the future decision as from experience an individual came to know about his
interests and problems he faced during that period or he/she look for better opportunities. An
individual can understand his/ her own values and addition and work on them if necessary. Also
it increases self motivation. Self reflection also work as a team building activity as people share
there thoughts with each other, review works of each other, acknowledges each others efforts and
thoughts. So all these activities and emotions creates an environment of relation between
employees. The good thing about self reflection is that we came to know about our capabilities,
our interests and the best we can do and how can we be most effective. One more thing I have
noticed during my experience is that some people have overcome their fears which is very
unique for me as well (Kopnina, 2020).
Different types of models
There are different types of models of reflection some of them are-

 CARL model of reflection – This model is also known as CARL technique. It focuses on
the following elements in depth -
◦ C – The context of past experiences.
◦ A – The actions that were taken.
◦ R – The results that occurred.
◦ L – The lessons that occurred.
 Gibbs reflective cycle – It involves examination of a person's feeling and how those
feelings have impacted the situation and experience (Levine, 2022).
I am using Gibbs model as this model acknowledges feelings of an individual which is also very
important aspect of the whole experience. This model is developed by professor Graham Gibbs.
He published his reflective cycle in 1988 in the book “Learning by Doing”. It helps an individual
to understand what he did well, what he did not done well and what he can do better in the
future. It is useful for the person especially who did not do well. There are six stages in this
model (Perusso, 2019).
 Description – When I was planning for my business idea I found that there are several
resources which are available in the market and are of great use for my business idea.
There is an team of five persons who helped me during this process. Every person in
team has their own business idea which I personally found very creative. Their creative
ideas and their thoughts gave me very interesting ideas to implement in my business.
Each of them has their own process of thinking and everyone has their own point of view
to a single problem. Well it is not true to say that everyone was right about their
perspective there are times when they also gone wrong.
 Thinking and Feeling – At first I felt a little nervous, there are questions in my mind like
what if my team do not understand or like my idea and what if I gave wrong suggestions.
But later on I found everyone of them very understandable and passionate to work. The
main thought which I got continuously is about what I am learning from this process
which I think is important also.

 Evaluation – There are a lot of things which I learned from this experience. I got a lot of
creative ideas for my business idea which are definitely beneficial for my business idea.
Also I found out challenges which I will face when I will start my business. But I
personally did not like time management in our team. Given tasks took a lot more time
than we thought. There are times where team gets into conflicts which creates problems
for everyone.
 Analysis – Despite of problems faced by us, everything went well at last. The main
reason for it is that we helped each other in work, we found solutions for critical
problems by combining every team members thoughts. Teamwork is an important factor
which helped us in this process. Every team member's previous experiences played an
important role throughout the journey. My research and creative ideas also led to the
success of this planning process (Posthuma, 2020).
 Conclusion – I think there are some things that I could have during this planning process
which could have helped me. I could have take help from my seniors as they are more
experienced than me and can give better advice to me.
 Action Plan – If I get a chance to participate in this process I will definitely grab it. It is
very beneficial for a person who want to learn new things. This time I will focus on the
areas where I was not good before. Time management is one of the key are where I will
work to overcome this problem
REFERENCES
Books and Journals
Kiersch, C. and Gullekson, N., 2021. Developing character-based leadership through guided self-
reflection. The International Journal of Management Education, 19(3), p.100573.
Kopnina, H., 2020. If a Tree Falls: Reflection of Business Students on Ethics and. Kontroverses
Miteinander: Interdisziplinäre und kontroverse Positionen zur Bildung für eine nachhaltige
Entwicklung, p.133.

Levine, M.E., 2022. Working with CPAs in the Wealth Management Business: A
Reflection. The CPA Journal, 92(5/6), pp.8-9.
Perusso, A., 2019. Experimental learning & reflection: How it promotes competence
development in business education. In EDULEARN19 Proceedings 11th International
Conference on Education and New Learning Technologies: Palma, Spain. 1-3 July,
2019 (p. 977). IATED Academy.
Posthuma, S., 2020. Designing a structured reflection process for a Visual Thinking business.