Entrepreneurship: Motivations and Characteristics of Jeff Bezos

Entrepreneurship

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Entrepreneurial Motivations........................................................................................................1
Entrepreneurial Characteristics...................................................................................................2
Regret Minimization Theory.......................................................................................................4
CONCLUSION................................................................................................................................4
References:.......................................................................................................................................6

INTRODUCTION
Entrepreneurship is defined as the developing a values in terms of product or services for
sale and revenue generations. Enterprise is defined as a project or business which is undertaken
to gain some profit. Importance of entrepreneurship includes growth in economy, job
opportunity, innovation, community development, refines living standard and encourages R&D
(Entrepreneurship - Types of Entrepreneurship, 2020). Amazon is one of the leading
international E-commerce firm. It founded in 1994 in US. Other than E-commerce, it also deals
with cloud computing, artificial intelligence and digital streaming. It was established by Jeff
Bezos, he is an entrepreneur in internet, media proprietor, investor and industrialist. He is the
founder, CEO and president of Amazon. The following discussions is based on entrepreneurial
motivation and characteristics using academic models in context of Amazon-Jeff Bezos.
MAIN BODY
Entrepreneurial Motivations Initiation of big things starts from small things: It refers to the plan which is made by an
entrepreneur by starting from small that can take them to the highest level. In context of
Jeff Bezos, he started his career in computer and electrical engineering and did a job in
banks then he started aiming high and land it up to be an entrepreneur. This is a
motivation for him to start from small to target to big things, that is why he is owning the
world largest E-commerce company-Amazon. Because of his motivated thinking today
he is on it's heights that what actually he aimed for in his life (Boudreaux, Nikolaev and
Klein, 2019). Passion: It refers to the obsession of doing something in terms of career or hobby in
order to attain achievement in life. This is an important motivation to every person who
looks for an entrepreneurship. In context of Jeff Bezos, he was passionate from starting
only when he pursuing graduation, he has rejected many companies in campus
placements because he was passionate about of what he is today, so he started working
for it and took experiences about what he aimed in his life. His passion motivated him to
be an entrepreneur of such an amazing firm and made the firm of what he actually dreamt
of.
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