Entrepreneur As An Entrepreneur

-During discussion, the teacher will gauge how the students are following along with the “Shark Tank” Presentation.

In this matter Adams Nager, a policy analyst at the Information Technology and Innovation Foundation, state that “In reality, America’s innovators are far more likely to be immigrants with advanced degrees who have paid their dues through years of work in large companies.” (Chew,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

Grant stresses that originals are not fruitful because they are not innovative and maverick but because they transform their thoughts and their fantasies into reality. They figure out how to conquer imperviousness to change through outlandish techniques. One innovative business visionary gathered an incredibly big amount of dollars in subsidizing by clarifying what was not right with his organization. Less astounding yet similarly viable is the

Business has been a large part of my family, and has started to grow on me. My dad worked in sales for many years, and is now the President of a company in Staples. My mom started her own cleaning business, and now works for herself, as well as my uncle owns a golf course, and a pump and well business. My other uncle has his own handy man business, while one of my aunts operates a redimix and construction company . So I guess it could be said, business is kind of in by blood.

In the book Where Good Ideas Come From by Steven Johnson, he shows his readers that great ideas come from ordinary involvement and he uses the history of inventions/innovations to back up his theories. Steven Johnson’s writing is meant to explain how to achieve good ideas and what we can do to advance the ingenuity of our environment. Throughout this piece of work, Johnson illustrates seven theories of innovation of how inventions happen, these consist of; The Adjacent Possible, Liquid Networks, The Slow Hunch, Serendipity, Error, Exaptation, and Platforms. Where Good Ideas Come From advises that in the end sincerity and connection may be more respected to innovation than to a full extent competitive humans.

Considerable confusion exists between entrepreneurship and intrapreneurship, as well as, innovation, creativity, and invention. First,

“Innovation is definitely not self-starting or self-perpetuating. People make it happen through their imagination, will power, and perseverance” (Kelley and Littman.2005.p. 6). I believe that an innovation leader is a person who empower himself with knowledge and skills to support others and create a change. My personal definition of innovation is “when people work hard to create a change and transfer their positive ideas into actions.” My personal philosophy of innovation is influenced by the book The Ten Faces of Innovation. From this book I learned that people can play different roles in their lives to be a good innovators. For example, in a hospital the head nurse can play the Anthropologist role and come up with new insights to help new staff to succeed in their nursing journey and encourage them to be more effective. “ The anthropologist brings new

These investors understand that innovation is what separates winners from losers in the long-term (Drake, 2014, p. 30). Research shows that many ventures wind up within their initial three years of operation (Benn, Dunphy, and Griffiths, 2014, p.4). For example, a closer analysis of the technological world shows how emerging technologies have led to the demise of some global corporations and the rapid rise of emerging businesses. Indeed, failure to adapt to the new world of technological advancement and innovation has led to many businesses losing their market dominance to new players (West, Salter, Vanhaverbeke, and Chesbrough, 2014, p. 806). Therefore, sophisticated investors know that to remain sustainable in the long-term, businesspersons launching new ventures must demonstrate how they intend to use innovation to create competitive advantages in their relevant markets or

The purpose of writing this report is to show how much I have learned and experience from enrolling in BBA 220. It is also include the impression and my personal reflection about the unit itself, and also the reflection about group project. Before I start this unit, I do not understand much about entrepreneur and entrepreneurship at all. I just know that people who do business are businessmen. However, after joining this unit, my understanding toward entrepreneur become different. Entrepreneur is someone who is willing to take risk by inventing a new business that does not exist in the market or start up their own business to make profit or take benefit of an opportunity. On the other hand, according to Joseph Alois Schumpeter (1883-1950),

In more and more occasions such as the regular meeting of teams and annual report statements, the concept of creativity and innovation has been frequently mentioned and discussed for that entrepreneurs and managers have been fully aware of the importance and significance of creativity and innovation (Vehar, 2013). It goes without doubt that their meaning and value have been attached with enough attention, however, the

This school sees strategy formation as a visionary process and is fell under the descriptive school of strategic management. The chief architect of the strategy is the CEO of a company. This school took formal leadership seriously and CEO is responsible for strategy formulation. It stressed on mental state and processes such as instinctive knowledge, belief, wisdom, experience and insight of a single leader. The leader should be visionary in formulating strategy. The entrepreneurial school promotes strategy as a process which has a clear image and sense of direction which can be termed as a vision. Entrepreneurial strategy often occurs in startup companies and organizations in trouble and needing a

Taking this entrepreneur course has been the best thing I could do for myself. Not only did it grow my mindset, but it taught me how to focus and concentrate on meeting my goals. At the beginning of this semester I could not let go the negative self-image I had of myself. Since I have been able to reflect on who I am I am slowly able to let go of that past image. I now know that I am more than able to reach my goals with the proper mindset and skills. I have come a long way since the beginning of this course. At the beginning of this course we were asked what is most important in life, and when I chose myself I knew after that reflections that I was off to a great start. Putting myself first these last few months has been the best thing I

Have you ever had a miraculous idea? The kind of idea where your head keeps on spinning with intriguing questions, so many that your head might spin right off. Where to start and whose going to pay for it? Is the idea even possible to make? These are a couple of the question racing through your mind. The adrenaline is rushing through your blood steam. You want to tell everyone in the world, but in the real world there are people out their looking to steal those great ideas. Which in turn leads to secretiveness of the idea. In a sense it would be like spilling the beans on the Manhattan project.

There are two sides to every debate, and the "what makes an entrepreneur" argument has raged for decades with neither side able to conclusively prove their case. There are many who believe that an entrepreneur must possess personality traits such as vision, passion and drive that are innate and cannot be taught. Others argue that the skills of evaluating opportunities, motivating people and operating a business are easily passed on to eager students looking to be entrepreneurs. The truth is that both sides are right and it's time for a compromise: Entrepreneurs are born and made. Some people may be natural entrepreneurs and immediately open a business, others will have studied and