Exploring Entrepreneurial Mindset: Samsung's Business Success Analysis

This presentation analyzes the entrepreneurial mindset, using Samsung as a case study. It explores various types of entrepreneurial ventures, including small businesses, and their impact on national and international economies. The presentation delves into the characteristic traits, skills, and motivational drives essential for entrepreneurial success, highlighting the importance of a growth and social mindset. The analysis includes the application of the OCEAN model and examines how an entrepreneur's background and experience can both foster and hinder success. The presentation concludes by emphasizing the significance of these factors in achieving entrepreneurial goals and success. The presentation also provides information about the founder of Samsung, Lee Byung-chul, and his contributions to the company's success. This presentation is a valuable resource for students and anyone interested in understanding the key elements of entrepreneurial success.

Exploration of
Entrepreneur mind-set

TABLE OF CONTENTS
 Introduction
 Types and typology of different entrepreneurial venture with similarities and difference
 Impact of small business on national and international economy
 Characteristic traits, skills and motivational drives.
 Various characteristic of the entrepreneurial personality reflect entrepreneurial motivation.
 Background and experience on entrepreneurship.
 Conclusion
 References

INTRODUCTION
 The presentation will base on the successful entrepreneur of Samsung.
 This will determine and assess by the key aspects of an entrepreneurial mind set.
 It will also examine different environmental that foster and hinder
entrepreneurship.

Types and typology of different entrepreneurial
venture
There are different types of entrepreneurial venture which are
as follows;
Social enterprise
Profit motive company
Public company

Typology of entrepreneurial venture:
Small business entrepreneurship
Scalable start-up entrepreneurship
Large company
Social entrepreneurship

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Similarities between different entrepreneurial venture:
Profit earning is similar in each type of entrepreneur because all entrepreneur like social, private, public and lifestyle
business are run for earn money and profits.
Creating brand name is also similar in each type because all business man want success and best goodwill at
marketplace.

Impact of small business on national and
international economy.
 In the context of developing and generating
economy, small and medium size enterprises
impacts to the great extent.
 It is analysed and accounted that there are about
99.8% of the total enterprises of UK are small
and medium size.

Characteristic traits, skills and motivational
drives.
There are various characteristics which are help to
entrepreneur for become successful entrepreneur at
marketplace. Success of entrepreneur is based on
their characteristic not on money and idea.
 Self motivation
 Risk taker
 Passions

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For example:
Owner of Samsung is Lee Byung-chul is successful entrepreneur he was take various risk in success.
Other hand, characteristic, skills and motivational drives of successful manager are different. Every
manager and entrepreneur have their own characteristic, skill and motivation tools which has support
to them to achieve success. Motivational tools are friends, family and economy drivers.

Various characteristic of the entrepreneurial
personality reflect entrepreneurial motivation.
Entrepreneur mind set is effective which is often missing
by important conversation. There are different
types of mind sets of Samsung entrepreneur are as
follows:
 Social mind set
 Growth mind set

CONTINUE
To analysis the motivation here is look towards OCEAN model are
as follows:
 Openness to experience
 Conscientiousness
 Extraversion
 Agreeableness
 Neuroticism

Background and experience on entrepreneurship.
 Background and experience of entrepreneur can hinder and foster.
 This can give high success to peoples in their life.
 The owner of Samsung is Lee Byung-chul is successful entrepreneur of
South Korea businesses.
 He was born in 12th Feb 1912 in South Korea.

Conclusion
 The presentations have shows the characteristic of successful entrepreneur and
mind sets.
 The growth, social mind set of people help to achieve success in life.
 The background and experience of peoples can foster and hinder which has
highly supportive for success.

REFERENCES
Piperopoulos, P. G., 2016. Entrepreneurship, innovation and business clusters.
Routledge.
Scarborough, N. M., 2016. Essentials of entrepreneurship and small business
management. Pearson.
Storey, D. J., 2016. Entrepreneurship and new firm. Routledge.

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