A Report on Skills, Traits, and Aspects of Entrepreneurship

This report examines the skills, traits, and personality aspects of successful entrepreneurs, drawing on examples like Peter Jones, Socorro Ramos, and Jeff Bezos. It uses the OCEAN model to assess entrepreneurial personalities, emphasizing openness to experience. The report analyzes how background and experience can either hinder or foster entrepreneurship, highlighting the importance of these factors in achieving business success. It concludes that entrepreneurship is vital for economic growth and development, with various types of entrepreneurs contributing to a country's economy. Desklib provides students with access to similar solved assignments and past papers for comprehensive study resources.

Business Management

Table of Content
 Introduction
 Characteristic skills and traits of successful entrepreneurs
 Aspects of the entrepreneurial personality
 Background and experience can hinder or foster entrepreneurship
 Conclusion
 References

Characteristic skills and traits of
successful entrepreneurs
There are different kinds of entrepreneurs in this business world who have
various kinds of skills and traits and on the basis of that entrepreneurs receive
success in their field.
Peter Jones: Peter Jones is a famous real television personality and British
entrepreneur who have interest in new technologies and different kinds of
services.
Traits: In his personality, Peter Jones has perseverance, tenacity and sheer
determination as well.

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 Skills: She has good learning ability due to which she can
consistently work towards her book store in a successful manner.
 Jeff Bezos: He is the founder of Amazon company which is
the largest e commerce market place which is used by millions of
customers.
 Traits: He has been an innovator and hardcore realistic
personality and also a competitive man as well.

Aspects of the entrepreneurial
personality
OCEAN model which is used in terms of assessing aspects of
entrepreneurial personality. The major focus of model is towards measuring
a person's personality characteristics and also support in terms of identifying
exact job role that matches according to an individual personality.
Openness to experience: It has been defined as depth and complexity of an
individual's mental experiences and life. For example, Jeff Bezos is a
personality who is always open for new experiences and also want to
innovate something different to attract attention of the market.


Background and experience can hinder
or foster entrepreneurship
 Background of Peter Jones: He was born in Berkshire, England and his passion
towards tennis and business makes him independent.
 Experience: He started his career on a very initial age and also opened a
cocktail bar as well. He has started various kinds of businesses but he actually got
success through telecom business in the year of 1998.
 According to background and experience of Peter Jones, it has been analysed
that his experience in different kinds of business leads him towards becoming a
successful entrepreneur.

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 Background of Socorro Ramos: She was born into the family of
shopkeepers and she also worked for her brother-in law. She was
thrown into poverty after losing the family business and after her
marriage, she founded national book store in the year of 1940.
 Experience: She not only worked as manager but also as
cashier, helper, purchaser sales and janitor. She has expanded her
business of book chain into an empire that spans a variety of
business which includes publishing, music stores etc.

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 Background of Jeff Bezos: He was born in New Mexico and also have early love
of computers and also studied computer science and electrical engineering at
Princeton University.
 Experience: After graduation, he found work at several firms on Wall
Street and during his career of finance he choose to make a risky move into world
of e-commerce(Biography of Jeff Bezos) Finally he opened Amazon.com in the
year of 1995.

Conclusion
The above stated report concludes that entrepreneurship plays a very important role
in terms of economic growth and development. There are different kinds of
entrepreneur in this business world which includes small scale, large and social
entrepreneur. These entrepreneurs have some similarities and differences according
to their skills and traits. Within an economy, these small and micro businesses plays
a very important role in terms of growth and development of a country's economy.

References
 Haupt and et.al., 2015, September. Using business intelligence to support
strategic sustainability information management. In Proceedings of the 2015
Annual Research Conference on South African Institute of Computer Scientists
and Information Technologists (pp. 1-11).
 Kumar and et.al., 2019. Online business education research: Systematic analysis
and a conceptual model. The International Journal of Management Education,
17(1), pp.26-35.
 Lee and et.al., 2019. Emerging technology and business model innovation: the
case of artificial intelligence. Journal of Open Innovation: Technology, Market,
and Complexity, 5(3), p.44.

Thank You