Preview

Entrepreneur Assignment

Good Essays
Open Document
Open Document
7113 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Entrepreneur Assignment
2. Report of the Question(a) a) Students are required to describe the entrepreneurial skills and personal qualities that highly needed to run the business successfully by the entrepreneurs. Based on the list provided below, explain each of the elements with relevant examples (If needed) in the business perspective. Opportunistic
Entrepreneurs who are opportunity-orientated will first and foremost focus on growth opportunity than the business and its resources. Entrepreneurs in the 21st century not only must be able to see and grab opportunity whenever there is but also must be able and sensitive in analyzing, formulate and taking action towards any opportunities. Entrepreneurs who grab any chances that they see and make the best out of it are the pre-condition to success. In order to be an entrepreneur who can predict and analyze opportunities, they will not give up on any chances that will bring profit to their organization. Entrepreneurs that have this characteristic or attitude is also known to be an unique person because they can foresee future better than others and aiming towards the opportunities that is going to come.
To be a successful entrepreneur shall open eyes to opportunities. Be opportunity-oriented. Successful entrepreneurs are consistently looking for new opportunities. When you 're stuck in a job, you are forced to fear loss - that is, getting demoted or let go. When you are an entrepreneur, the fear of missed opportunities is more than the fear of loss. Whether you 're looking for discoveries that will allow you to create another source of income, or ones that will allow you to enhance your existing business, keeping a vigilant eye on new opportunities is important to your success as an entrepreneur.
Opportunity-oriented entrepreneurs respond to the crisis of change in a totally different way. While seeing the dangers, they view change as a potential advantage to be explored rather than to avoid it. Each day, they assume that new

You May Also Find These Documents Helpful

  • Satisfactory Essays

    QHT 1 Task 4

    • 433 Words
    • 2 Pages

    There are many reasons an entrepreneurial organization looks for innovative opportunities such as: new products and services, maximizing efficiency, improve brand recognition, and product and service differentiation.…

    • 433 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Business Assignment

    • 829 Words
    • 3 Pages

    e. Describe the possession utility of this good. Is the possession utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points)…

    • 829 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Based on J.W. Marriott video, I think the two most important qualities required for an entrepreneur to be highly successful is “A willingness to find and accept a challenge” and “Family background”…

    • 504 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    When entrepreneurs seize the opportunities to embark on a new venture it should be a product or service that is worth something to their customers, something that is useful that can enhance their lives and provide something to them that they…

    • 1101 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Successful entrepreneurs don't depend on luck. They are able to visualize and they believe in the attainment of their desires at all cost. Ability to visualize and to have faith in the attainment of your desires is an important factor in building your self-confidence.…

    • 845 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Entrepreneurs, by the very nature of the definition, are self-starters that are highly motivated to make their business successful. Most people that start their own business do so because they have the personal drive to put their own ideas into a business venture. It takes a very motivated individual with personal convictions to make a business become a profitable and successful business. Obviously, if a person has enough gumption to take the steps to start their own business, then they are, by nature, very motivated individuals that want to make their project succeed. People who are not highly motivated will not become entrepreneurs or will more than likely fail if they try to make a half-hearted attempt to start their own business. To make a business succeed requires a vision of where the company should be after a specific time period. All entrepreneurs know in their mind what they would like their business to be in one year or five years or ten years. Successful entrepreneurs have a focused vision of what steps need to be taken to make their business succeed.…

    • 950 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Entrepreneur

    • 2045 Words
    • 9 Pages

    Born in 1984, Mark Zuckerberg is an entrepreneur who, along with two of his fellow students, founded Facebook while still studying at Harvard. Facebook is a social website that is privately owned, and is used by its members to put up details about themselves through pictures and profiles. It is based on similar sites available to students at various universities. The intention of these sites is to allow students to become better acquainted with one another.…

    • 2045 Words
    • 9 Pages
    Powerful Essays
  • Best Essays

    A stream of research shows that opportunity recognition is highly associated with entrepreneur’s alertness in the market, prior knowledge on a particular field, mental stimulation, social capital, and behavioral and cognitive skills. According to research done by…

    • 2194 Words
    • 9 Pages
    Best Essays
  • Better Essays

    Project Report on Bamboo

    • 9158 Words
    • 37 Pages

    A growth oriented Entrepreneur will always be in search of opportunities, which can generate income, enhance long-term value and command recognition and respect in the society.…

    • 9158 Words
    • 37 Pages
    Better Essays
  • Powerful Essays

    PowerPoint_Entrepreneur

    • 11815 Words
    • 48 Pages

    Woolworths, the pyramids and the Internet have one thing in common: they started out as nothing but an idea.…

    • 11815 Words
    • 48 Pages
    Powerful Essays
  • Satisfactory Essays

    BUSINESS ASSIGNMENT

    • 1359 Words
    • 8 Pages

    Unicef is a charity, work to protect child rights, UNICEF UK established in 1956 and is one of 36 UNICEF National Committees based in industrialized countries. It is a charitable company limited by guarantee and is governed by a Board of Trustees. The Board meets regularly to discuss governance matters, including the charity’s vision, mission and strategic direction.…

    • 1359 Words
    • 8 Pages
    Satisfactory Essays
  • Good Essays

    An entrepreneur must be a moderate risk taker and learn from failures. The successful entrepreneurs are neither high risk takers, nor gamblers. They work in between the two extremes. They take moderate challenging risk to attain moderate returns which are influenced within their abilities and decisions.…

    • 564 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Entrepreneurship

    • 1485 Words
    • 6 Pages

    * Passion for business: passion for business is must for any entrepreneur. The passion typically steps from the entrepreneur belief that the business will positively influence people’s life. For example, Bill Gates believes that their product will make difference in people lives and make the world a better place to live in.…

    • 1485 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    Entrepreneur Case Study

    • 847 Words
    • 4 Pages

    The entrepreneur that I choose to interview was Arun Jagatheesan, who is the CEO of CurbZero. CurbZero is the brainchild of Arun that started in December 2016. He arrived at the idea from working in his previous startup (hotel/customer experience app) that was not successful. Incidentally, India, is where the lure of entrepreneurship first took a hold of Arun. He witnessed his grandfather build a small fortune in the the 5th grade through his numerous businesses. Namely, the sugar, rice and aluminum processing business. With that being the case, he was first drawn to Silicon Valley in the late 90’s while studying computer science in India. He wanted to further his studies in the computer science industry with a specific focus on fashion or…

    • 847 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Feasibility Study

    • 3356 Words
    • 21 Pages

    M O N T G U I D E MT 9510 Human Resource Development Starting a Small Business: The Feasibility Analysis by Michael D. Reilly, Ph.D. and Norman L. Millikin, Ph.D. College of Business, Montana State University-Bozeman Healthy local economies stem from the formation of new businesses. Unfortunately, the success rates for small businesses are typically quite low.…

    • 3356 Words
    • 21 Pages
    Better Essays

Related Topics