Impact of Entrepreneurial Skills on Employee Motivation at M&S

This report investigates the impact of entrepreneurial skills on employee motivation, using Marks & Spencer as a case study. It begins by defining entrepreneurial skills and their relevance to the workplace, highlighting skills such as innovation, risk-taking, and creativity. The research aims to analyze this impact, identify the benefits of developing such skills for employees, and determine the challenges arising from their absence. The theoretical background emphasizes the importance of employee motivation for organizational success, and how training and development in entrepreneurial skills can enhance performance. The report explores how Marks & Spencer provides opportunities for skill enhancement, leading to increased employee confidence and productivity. It further discusses the benefits of entrepreneurial skills in terms of networking, problem-solving, and overall efficiency, ultimately contributing to both professional and personal growth. The methodology section, though mentioned, is not detailed in this provided text. The report concludes by underscoring the positive influence of entrepreneurial skills on organizational development and competitiveness.

How Entrepreneurial
Skills Motivate
Employees

Contents
INTRODUCTION.....................................................................................................................................3
Theoretical Background and Research Focus.........................................................................................3
Research Aim..........................................................................................................................................3
Research Objectives................................................................................................................................3
Research Questions.................................................................................................................................3
Theoretical Background..........................................................................................................................3
Justification and Contextualization..........................................................................................................5
Methodology..............................................................................................................................................5

INTRODUCTION
Entrepreneurial skills can be defined as the ability of an entrepreneur to convert
innovative ideas into action. Different entrepreneurial skills can include innovation, risk taking,
creativity, managing skills etc. These skills are considered to be important and can significantly
affect the overall motivation level of the employees within the workplace. Entrepreneurial skills
can be applied to different job roles and industries. Organization chosen for this report is Marks
and Spencer, a leading British retailer which was founded by Michael Marks and Thomas
Spencer in the year 1884. The company is headquartered in London, United Kingdom and
operates in different geographical locations across the world. This research is based on how
entrepreneurial skills can affect or motivate the employees. It explains the importance of
different entrepreneurial skills and their impact on employees.
Theoretical Background and Research Focus
Research Aim
“An investigation to analyze the impact of entrepreneurial skills on employee motivation.
A study on Marks and Spencer.”
Research Objectives
 To analyze the impact of entrepreneurial skills on employee motivation.
 To identify benefits of developing entrepreneurial skills for employees at the workplace.
 To determine the challenges faced by employees due to lack of entrepreneurial skills.
Research Questions
 What is the impact of entrepreneurial skills on employee motivation?
 What are the benefits of developing entrepreneurial skills for employees at the
workplace?
 What are the challenges faced by employees due to lack of entrepreneurial skills?
Theoretical Background
Employee motivation is important at a workplace as it allows an organization to achieve
its goals and objectives. If the workforce will not be motivated, the overall performance of the
company will be affected. Therefore, it can be said that it is very crucial for the management of

an organization to implement measures and provide various opportunities to the employees in
order to maintain their level of motivation. A company can conduct training and development
sessions for the employees. This can help them in acquiring new entrepreneurial skills and
performing effectively. Employees get an opportunity to manage their time and develop skills
like critical thinking, creativity and innovation. The performance of employees and motivation
are inter related to each other. If the employees are motivated, they will be committed to their
respective jobs and put in efforts to complete the tasks assigned to them within the given time
frame. Marks and Spencer offers various opportunities to its employees so that they can enhance
their skills. This helps them in increasing their levels of confidence and deliver results that are
expected from them. Motivation serves to be one of the key driving factors for employee
performance at a workplace and can help in increasing the overall performance as well as the
productivity of the company on the whole.
Different entrepreneurial skills like time management skills, strategic thinking, effective
communication networking etc. lead to a greater satisfaction among employees. When
employees are motivated towards their work, they will be committed to completing the work that
has been assigned to them. Not only this, their positive motivation will lead the company to
growth which is beneficial for the company. Various entrepreneurial skills can allow an
employee to achieve their personal goals and also facilitates their overall development. Once
they reach their individual goals, they understand the relation between putting efforts and
obtaining desired results. This further motivates them to continue putting in efforts. Apart from
this, entrepreneurial skills also contribute to an improved overall efficiency of the employees.
This is because their overall efficiency does not solely depend on their qualifications. In order to
obtain the desired results from the employees, Marks and Spencer ensures that its employees are
able to maintain a balance between the tasks assigned to them as well as their willingness to do
the same. This has led to an increase in the overall performance of the employees as well as an
improvement in their overall efficiencies.
There are many benefits of developing entrepreneurial skills for employees within a
workplace. They not only get a chance to interact with new people and build a network, but also
develop creative ideas. Developing entrepreneurial skills can teach employees how to work as
part of teams and enhance their relationships with others. Networking is considered to be one of

the most important entrepreneurial skills that employees within a workplace are expected to
possess. An employee can register for different entrepreneurship programs that are conducted
online. Employees have a responsibility of coming up with solutions to different problems that
can come up during their jobs. So, problem solving skills can be beneficial for them at this time
and help them in resolving any issues or concerns that are raised by the customers. Apart from
this, entrepreneurial skills also benefit the employees in terms of enhancing their overall
efficiency as well as individual productivity levels. As an employee, it is important to have
excellent analytical skills as well as the business. Employees at Marks and Spencer are confident
and comfortable in working with each other.
The company has a workforce that is not only efficient, but also committed towards
achieving organizational goals and objectives. The employees are always prepared for any kind
of uncertainties and are also creative at the same time. The managers are experienced and able to
identify any problems or risks that might be associated with a particular project. This means that
the employees possess good entrepreneurial skills and are also, engaged in their respective jobs.
Therefore, it can be said that there are numerous benefits of entrepreneurial skills for the
employees as they not only contribute to their professional careers, but also for personal growth.
Respective company ensures that various opportunities are provided to the employees so that
they develop new skills and enhance their overall knowledge. Lastly, entrepreneurial skills also
facilitate the development of the organization on the whole. As a result, there is an increase in
the overall profitability as well as productivity of the company. Having a skilled staff can lead
the company to gain a competitive advantage against competitors within the industry.
Justification and Contextualization
Methodology