Preview

Entrepreneur

Satisfactory Essays
Open Document
Open Document
332 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Entrepreneur
CRAETIVE JOURNAL
Qian jieqi 12780468

Lecturer:Pauline Ong

Lecture:BU2005 Entrepreneurship
Campus:James Cook Australia Institute of Higher Learning
Semester:SP52
Date handed in:18/09/2013

Journal 1 Brief
The mind and actions of the entrepreneurship has provided an overview of the characteristics that influence the entrepreneur and shape their behaviour. The factors influencing entrepreneurship are found both internally and externally to the individual, comprising a combination of personality traits and environment influences. Entrepreneurs are typically characterized by strong achievement drive, high levels of creativity, a desire for autonomy, a willingness to take calculated risks, and an internal locus of control. These are key enterprising tendencies that are inherent in all people regardless of their background, age, ethnicity or personality. Entrepreneurs are not born; rather, they interact with their environment to apply their enterprise tendencies into entrepreneurial activities. Entrepreneurial motivation is triggered by the individual’s entrepreneurial orientation, personal goals and the opportunities available to them in their environment. The factors that influence entrepreneurial behaviour are the individual’s ability to recognise opportunities and to act upon them, but also to learn from their experiences and to undertake realistic self-evaluation. Each stage of our lives presents different opportunities for entrepreneurial behaviour. Individual develop personal theories of what they achieve , and they then shape these through their active learning and their pursuit of ambitious goals. Their confidence and self-belief are critical to entrepreneurial activity. The GET test is a measure of enterprise tendencies, and can be useful to help people evaluate their own life history and capacity for entrepreneurship. Entrepreneurial orientation is a measure of the level of innovativeness, pro-activity and

You May Also Find These Documents Helpful

  • Good Essays

    Knee injuries are never fun to deal with. The frustration of dealing with a knee injury can be debilitating at times. If a person really commits exercising on a consistent basis, a knee injury might feel like a couple steps backward in a health and fitness journey. Thankfully, a bad knee isn't the end of the world. There are ways to get back into the workout cycle without causing further harm to the knee. With clearance from medical professionals, check this post because there are a few exercises a person can still work on even with a bad knee.…

    • 558 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Entrepreneurial

    • 708 Words
    • 3 Pages

    Commitment, determination, and perseverance are the only characteristics one needs to become a successful entrepreneur.…

    • 708 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Entrepreneure

    • 5298 Words
    • 22 Pages

    Erwin, Fielt (2008) A service-oriented business model (Article). Weblog [Online] 5th March. Available from: http://fieltnotes.blogspot.com/2008/03/service-oriented-business-model.html [Accessed 27/08/10]…

    • 5298 Words
    • 22 Pages
    Powerful Essays
  • Satisfactory Essays

    entrepreneurship

    • 2951 Words
    • 10 Pages

    KEEP A COPY Please be sure to make a copy of your work. If you have submitted assessment work electronically make sure you have a backup copy.…

    • 2951 Words
    • 10 Pages
    Satisfactory Essays
  • Best Essays

    There has been extensive research conducted on the characteristics that successful entrepreneurs possess. These attributes vary widely across literature, however there are common key traits that are required to achieve any form of success. Frederick et al (2013) suggest entrepreneurs are risk takers, optimistic, have sound judgement and an ability to manage. While a review of literature relating to the psychology of an entrepreneur reveals a large variety of characteristics in a successful entrepreneur, these can be consolidated to a a few into only a few traits that are essential for a successful entrepreneur. Whilst taking into consideration Frederick et al (2013) point of view of key characteristic, other research suggests that there are further primary attributes that a successful entrepreneur necessitates.…

    • 2185 Words
    • 9 Pages
    Best Essays
  • Powerful Essays

    Kaizen

    • 1612 Words
    • 7 Pages

    Today, all manufacturing industries are trying to increase their productivity and respond to rapidly changing customer needs. All the companies declare that their priority is to provide customers with the highest quality, on the other hand they are also trying to reduce costs as much as possible. Thanks to globalization, today’s competition has become really tough. There are several managerial approaches how to face globalization. Some of them have been successfully applied all over the world. However, there have been also tools, which many of the companies did not succeed with. One of such tools is Japanese method called Kaizen. Kaizen is a Japanese method of management which helps manufacturing companies to remain competitive and keep their market share through continuous improvement of manufacturing system processes.…

    • 1612 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Psychological theory has been used to better understand an individual’s willingness and ability to become a successful entrepreneur in society. It is widely recognised that entrepreneurs are a major source of economic growth and financial benefit for society; as such it is useful to understand the psychological traits and drivers behind a successful entrepreneur to encourage more people to become entrepreneurs for the benefit of society. There are two major psychological theories that are useful and also criticised in the understanding of entrepreneurship; these are the trait approach and the cognitive approach.…

    • 2483 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Entrepreneur

    • 1324 Words
    • 6 Pages

    * The initiative and voluntary act of managing risk and assuming responsibility in transforming creativity and innovation to unique products for the purpose of providing effective and efficient solutions to consumers, while achieving long-term profitability and contributing growth to the economy as a whole.…

    • 1324 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    Entrepreneur

    • 4151 Words
    • 17 Pages

    Tony Tan Caktiong is the founder and current Chairman and CEO of Philippine fast food chain Jollibee. He graduated from the University of Santo Tomas with a degree in chemical engineering. Caktiong had initially planned an ice cream parlor when he founded Jollibee, then subsequently added additional dishes such as hamburgers, french fries, and fried chicken.…

    • 4151 Words
    • 17 Pages
    Good Essays
  • Better Essays

    Entrepreneurship

    • 3346 Words
    • 14 Pages

    The word “entrepreneur” is derived from a French word “entre” that was originally used to refer to leaders of military expeditions. Early entrepreneurs provided men and materials needed by feudal lords to wage wars. Entrepreneurship refers to a skill or ability to mobilise the factors of production, i.e. land, labour, capital and ability to use them to produce new good and services. The entrepreneurial function may be performed by a single individual or a sole proprietor, or by several individuals’ i.e., partners and companies.…

    • 3346 Words
    • 14 Pages
    Better Essays
  • Satisfactory Essays

    Aptitude Test

    • 616 Words
    • 3 Pages

    Undertaking your own self-employment venture can be exciting, rewarding and profitable, but it is critical that you first conclude that it is the right course of action for you – and only you can ultimately form this conclusion. Each of the assessment tools presented in this first step of the SEM has been designed to help you look at the issues of self-employment and entrepreneurship from different perspectives. This activity is an Entrepreneurial Aptitude Quiz that presents various behavioral traits that may contribute to being successful at self-employment and entrepreneurial ventures, and shows the results in a quantitative score. This score can help reinforce the conclusions you have been reaching in the prior exercises. It is important to keep in mind that there are no definitive answers. This is just a tool. It is interesting to use and interpret, but you should keep it in perspective. The ultimate choice is yours. This exercise may be performed on your own or with an experienced Vocational Rehabilitation Counselor whereby you may also discuss any questions you might have as well as exchange other pertinent ideas.…

    • 616 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    It is undeniable that personal characteristics of entrepreneur have influenced on entrepreneurship. In early personality theory is described as single-trait theory because theorists sought to identify a single-trait and link it to a greater propensity to be a successful entrepreneur. A consequence of theory has moved to multi-trait way and then the studies shift to identify ever- wider sets of characteristics to measure entrepreneurial potential to success. For example: High need for achievement prefer situations stimulating their achievement motivation (McClelland, 1961), Self confidence and high internal locus of control illustrates why and how individuals engage in situations with the risk of failure (Brockhaus, 1982), Risk-taker relates different in risk perception and affect the individual’s opportunity evaluation thus determine the entrepreneur’s risk-taking (Meredith, 1982) and Creativity and Innovativeness concern a process of intentional change made to create value by meeting opportunity and seeking advantage. (McMullan and Long, 1983) etc. Those characteristics of above have been proved that are some basic factors which could help entrepreneurs to set up a competitive business and develop their business.…

    • 2186 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Entrepreneurial Competencies

    • 2971 Words
    • 12 Pages

    It is hoped that after reading this module you will actually see the potential of a career in entrepreneurship, and experience a desire to start a venture of your own. At the same time there might be certain inhibitions in your mind whether such a task is feasible, practical and sustainable. For every task one needs certain competencies. In this module you would learn in detail about the entrepreneurial competencies. Whereas competencies reinforce a person’s perception of feasibility of a career option, there also has to be the will and urge, a ‘perception of the desirability.’ Is it not impossible that entrepreneurship has a key role to play in economic development, yet there are very few who ever think of it as a career option? And, it is not that they may be lacking in skills. What one often finds is the lack of motivation! Competencies equip you with the knowledge of how to do (‘know-how’) of entrepreneurial behavior and motivation provides answers to why to do (‘know-why’) of entrepreneurial behavior. You would also be learning about why people opt for entrepreneurship. The question of ‘why entrepreneurship’ is also linked to reward expectations, be these financial, social status or psychological satisfaction. In case of entrepreneurship, successful performance of the venture itself becomes a reward for the entrepreneur.…

    • 2971 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    Entrepreneurship

    • 586 Words
    • 3 Pages

    Both Steven Blake and Brent Goldfarb use these teaching techniques to improve the student’s knowledge in business. They educate the students to be more open to the world instead of doing paper works.…

    • 586 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Entrepreneurship

    • 1444 Words
    • 6 Pages

    The course provides the students with an opportunity to develop concepts, attitudes and philosophies about business and entrepreneurship. It includes understanding the requirements of establishing a new venture or managing a small business. It also addresses multiple functions within the firm emphasizing those that contrast with established firms and discusses problems and issues unique to managing small businesses. It relies strongly on a class room lecture, group discussions and case study approach to learning to equip students with knowledge and skills which they can apply to fluid and often, ambiguous, work environments. The lecture sessions are planned to utilize a lot of teaching strategies in order to expose students to innovative practices in teaching, learning and assessing management practices.…

    • 1444 Words
    • 6 Pages
    Satisfactory Essays