Essays on Entrepreneurship Issues Case Study

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The paper Entrepreneurship Issues' is a wonderful example of a Business Case Study. Entrepreneurs are people considered to be having certain qualities such as risk-taking, money management skills, and self-confidence, and flexibility. While people develop entrepreneurial abilities at different stages in life, some are gained through an experience such as perseverance, obsession, and passion. Some qualities are developed from parents, business leaders, politicians and friends. In this essay, I mention two people with entrepreneurship qualities that resemble my own. Specifically, I develop a brief profile of my father and my high school English teacher and how their attributes and qualities seen as entrepreneurial mirrors my own.

I also undertook the Entrepreneurial Aptitude Test (TAI) and compared the results with the mentioned persons above. The factors considered in the TAI test were drawn from the analysis done by Cubico et al. (2010) and were used to determine the score of entrepreneurial qualities. I explained the rationale behind this selection and discussed why the two people are worth being recognized as entrepreneurs. Finally, I critically reflected on the learning modules and outlined some of the achievements of undertaking this assignment on entrepreneurship. Brief profile of entrepreneurs I resemble Two people with entrepreneurial qualities and spirit that resembles me are my father and my high school English teacher.

To start with, my father is encouraging and positive on many occasions. He likes demonstrating his ideas and numerical skills to his children and neighbors confidently. When I could not perform well at school, he kept pushing me to achieve my goals despite the difficulties I had in grasping some subjects. I liked his attitude of staying on course to his activities and was not swayed easily.

Just like my father, I am confident in seeing that I deliver a project through to the end. I am not easily discouraged and feel comfortable doing something that can allow me to share my skills and ideas with others. I also take up projects with great enthusiasm and optimism and no matter the challenges I face during implementation, I ensure that I remain committed to its cause. On the other hand, my high school English teacher was very understanding, embraced teamwork, thought of several alternatives to a problem, stimulated his students to see things differently and respect others.

For example, when there were changes in the school timetable, he took the time to explain to us and helped us to have a different dimension of issues affecting our learning. He was also a great team player who involved all of us into a conversation and debate on issues affecting our bonding during classwork. I too, like my teacher is receptive to other people’ s ideas, motivated to see things differently, disciplined in accomplishing tasks, and express my opinions openly during group work.

I also get energized by listening and watching stories of success from books and other motivational materials. Choice of persons classed as entrepreneurs Entrepreneurship is the process and mindset of developing and creating economic activities through a blend of innovation, creativity, and risk-taking within an existing or new organization (European Commission, 2003, p. 6). Entrepreneurs have certain attitudes and qualities that help them see and undertake a given enterprise to completion (Carsrud & Brä nnback, 2009). Some of these qualities include solidarity and perseverance, responsibility, assiduity, team spirit, independence, self-confidence, initiative, leadership, and creativity.

According to Cubico et al. (2010), the entrepreneurial aptitude test (TAI) is an instrument that measures and detects psychological characteristics that differentiate entrepreneurs from non-entrepreneurs such as values, motivations, attitudes, personality traits, and aptitudes. The authors describe the entrepreneurial potential of individuals based on eight factors; autonomy, flexibility, innovation, need for self-empowerment, need for achievement, adaptability, leadership, and goal orientation.

Reference

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Baum, JR Frese, M & Baron, R 2007, The Psychology of Entrepreneurship, Lawrence Erlbaum Associates: Mahawah, NJ.

Carsrud, AL & Brännback, M 2009, Understanding the Entrepreneurial Mind. Opening the Black Box, Springer, New York.

Cubico, S Bortolani, E Cubico, A & Favretto, G 2008, Entrepreneurial choice: aptitudes, motivations and behavior’, Proceeding of the World Meeting 2008 of IAREP -The International Association for Research in Economic Psychology and SABE - The Society for Advancement of Behavioral Economics, 3-6 September, Luiss University Press, Roma, Italy.

Cubico, S Bortolani, E Favretto, G & Sartori, R 2010, Describing the entrepreneurial profile: The entrepreneurial aptitude test (TAI), International Journal of Entrepreneurship and Small business, vol. 11, no. 4, pp. 424-432.

Cuervo, A 2005, Individual and Environmental Determinants of Entrepreneurship, International Entrepreneurship and Management Journal, vol. 1, no. 3, pp. 293-311.

European Commission, 2003, Green Paper: Entrepreneurship in Europe, COM (2003) 27 Final, Brussels, 21st January, 2003.

Fritsch, M & Mueller, P 2004, Effects of new business formation on regional development over time, Regional Studies, Vol. 38, No. 8, pp.961-975.

Messick, S 2008, Test validity and the ethics of assessment, In Bersoff, D.N. (Ed.): Ethical Conflicts in Psychology, pp.273-275, American Psychological Association, Washington DC.

Sartori, R & Pasini, M 2007, Quality and quantity in test validity: how can we be sure that psychological tests measure what they have to?, Quality and Quantity, International Journal of Methodology, Vol. 41, No. 3, pp.359-374.

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