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Bus 3303 Unit 1 Research Paper

Satisfactory Essays

University of the People

Assignment Unit 3
BUS 3303 Entrepreneurship, Unit 3
Apr 28th, 2016

Well to me it depends on the mind-set of an individual, his/her innate abilities and capabilities. I myself broadly classify entrepreneurs into two types, The Inventors (those who with their discrete and genius intellect pioneer goods and services that never existed) and the Innovators (take existing idea and innovate it with their brilliance). It is the category that defines the set of skills, traits and characteristics suited to that entrepreneur. For example the first type of entrepreneurs i.e. Inventors are revolutionary blended with growth orientation. They want to revolutionize the market or industry and grow at some rate so that their product becomes a necessity e.g. Thomas Edison, While on the other hand …show more content…

The Entrepreneur:-
The entrepreneur I chose and researched is Mr. Elon musk who is a Canadian- American serial entrepreneur, Pioneered some all-time great state of the art companies like Paypal (Worldwide online payment system – sold to eBay in 2002), SpaceX (Aerospace manufacturer and transport company), SolarCity (Energy solution provider), OpenAI (NFP AI research company) and Tesla Motors (Electric (cell powered) automobile manufacturer) conceptualized brilliant ideas like Hyperloop (High speed transportation system) and proposed a VTOL supersonic jet aircraft which he named Musk electric jet.
Characteristics and Traits:-
Well definitely Elon can easily be classified as both a revolutionary and growth entrepreneur. When he introduced Paypal it was a revolutionary online transactions system and soon it

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