A Report on the Entrepreneurial Traits of Thomas Alva Edison

This report examines the entrepreneurial traits of Thomas Alva Edison, a prominent figure in American history known for his inventions and business acumen. The report begins with an introduction to entrepreneurship and highlights Edison's significant contributions, including his numerous patents. The core of the report focuses on key findings, specifically, the application of the opportunity-based entrepreneurship theory and the characteristics of successful entrepreneurs as they relate to Edison. It discusses factors such as confidence, decision-making, motivation, and creativity. The report also delves into entrepreneurial motivation, including optimism, self-reliance, and commitment. The conclusion summarizes the importance of these traits in converting opportunities into successful business ventures, emphasizing the role of entrepreneurial motivation in driving business operations and productivity. The report references several academic sources to support its analysis.

Entrepreneurship

Table of Content
 Introduction
 Findings
 Conclusion

Introduction
Entrepreneurship refers to the ability of
a person of developing a new business
with willingness to take risks and
implementation of some innovating
idea. This presentation is based on
findings of entrepreneurial traits of
Thomas Edison.

About Thomas Edison
Thomas Alva Edison is one of the greatest
entrepreneur and inventor of America. The
entrepreneur was born in 1847 in United States.
The entrepreneur has recorded 1093 patents that
includes his key innovations as well as some minor
improvements. The personality was self educated
and still was able to invent and commercialize
many products that has transformed whole era.

Main Findings
Opportunity based entrepreneurship theory:
This theory was frame-worked by Peter Drucker. It indicates ability of
entrepreneur to analyse possibilities in this dynamic era and commercialize
those possibilities or opportunities to create a business venture.

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Characteristics of entrepreneurs:
Successful entrepreneurs has several characteristics that are discussed below with
relevance to Thomas Alva Edison:
 Confidence
 Decision-making
 Motivation
 Creativity
 Passion

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 Entrepreneurial Motivation:
As per the findings there are several motivational factors that encourages
entrepreneurship. These are optimism, self reliance, sense of accomplishment,
flexibility, commitment and enthusiasm. Optimism restricts entrepreneur to
discourage from failures.

Conclusion
From the above findings it can be concluded that characteristics of entrepreneur
enables them to grab opportunities can convert it into successful business proposal.
Entrepreneurial motivation factors further encourages entrepreneurs to achieve
objectives with effective business operations with better performance and higher
productivity.

References
 Pato, M. L. and Teixeira, A. A., 2016. Twenty years of rural entrepreneurship: A
bibliometric survey.Sociologia Ruralis. 56(1). pp. 3-28.
 Urbano, D. and Aparicio, S., 2016. Entrepreneurship capital types and economic
growth: International evidence.Technological Forecasting and Social Change.
102. pp.34-44.

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