Entrepreneurship Report: Characteristics, Skills, and Impact Analysis

This report delves into the core characteristics, skills, and motivational drivers essential for entrepreneurial success. It provides an in-depth analysis, including case studies of successful entrepreneurs like Peter Jones and Oprah Winfrey, highlighting their unique skills and backgrounds. The report examines how these characteristics influence entrepreneurial mindsets and behaviors, and explores the impact of entrepreneurial ventures on the national economy, emphasizing job creation and the growth of small, medium, and micro-sized enterprises. The report concludes that entrepreneurial ventures significantly contribute to the development of the country, supporting economic growth and expansion.

Entrepreneurship
Venture and
impact on the
economy

Table of Contents
 Characteristics traits, skills and motivational drivers of
successful entrepreneurs
 Characteristics of the entrepreneurial personality reflects
entrepreneurial motivation and mindset
 Critical Evaluation of the influences of entrepreneurial
Characteristics, backgrounds and experience on
entrepreneurship.

Introduction about Samsung
Samsung is an South Korean multinational conglomerate
company headquarter in Samsung Town, Seoul.
Founded- 1 March, 1938
Headquarter- South Korea
Number of employees- 320,671 employees
Products- Electronic and home appliances, automotive,
chemicals, medical equipments.

An analysis of the characteristics traits, skills and
motivational drivers of successful entrepreneurs
Entrepreneurs is an individual who plays an important role
in the business. In context of Samsung, an entrepreneur
with the great skills and traits can improve overall
performance of the organisation. They must have that
skills and traits which help them to embracing risk,
having big ideas, and making major innovation related to
their business.

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Peter Jones, he is also a most successful British entrepreneur
and businessman whom interest in media, mobile
phones, retail and property
Skills
 Confidence
 Long term Vision

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Motivational Drivers
 Care for the staff
 Be personable and approachable
Characteristics
 Responsible
 Hard Worker

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Oprah Winfrey is most successful American media executive,
actress, talk show host, TV producer, and philanthropist.
Skills
 Innovative
 Puts the people first

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Characteristics
 Motivational
 Emotionally Intelligence
Motivational Drivers
 Clearly Defined Goals
 Team Working

Characteristics of how various characteristics of the
entrepreneurial personality reflects entrepreneurial
motivation and mindset
An entrepreneur is main asset of any organisation who has
ability of carry out innovations, develop new resources, a
new product, new market for their products, and new
methods to increase productivity. The above skills helps a
entrepreneur to do their mindset regarding their goals and
objectives

Critical Evaluation of the influences of entrepreneurial
Characteristics, backgrounds and experience on
entrepreneurship.
Oprah Winfrey- As Winfrey born on January 29, started
learning speeches and recitation at their social gatherings
at church. She actively participated in dance and debate
club which enhanced her communication and interaction
skills Apart from this Oprah also won scholarship in
public speaking competition and done graduation in
speech communication.

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Peter Jones
Peter Jones family background was simple as his father was
a small mechanic engineer , this motivated him to develop
interest towards various electronic field and this motivated
him to start its own entrepreneurial ventures. Peter has
completed education in economics field and left the
school at the early stage and therefore gained interest
towards mobile applications.

CONCLUSION
From the above report it has been concluded that
entrepreneurial ventures greatly enhances the national
economy by providing employees with more employment
opportunities. In addition to this small, medium and
micro sized enterprise enhances the growth of the
national economy and leads to the development of the
country.