Thursday, 29 October 2015

Introduction to the Group Assignment of SADE1013 on Entrepreneurial Traits

Generally, entrepreneurship is refer to the process of starting a business, typically a start up company offering an innovative product, process or service. However, there is no specific concept or definition to actually define entrepreneurship as this concept is too vast (Rosli, 2010).

Becoming a successful entrepreneur is not by faith or chance. It is a long process that involves various strategies, characteristics and quality of person who wants to become a successful entrepreneur. Successful entrepreneurs have various similarities on their personalities, which scholars conclude them as entrepreneur traits. This assignment is aimed to study various entrepreneurial traits, including networked, open risk taker, observant, visionary, failure is an option, open culture, outcome oriented, team oriented and proactive.

In Chapter 2, various relevant examples are given to describe the entrepreneurial traits. The assignment also highlighted the importance of the enhancement of entrepreneurial skills, portray a better understanding on entrepreneurial traits.

In Chapter 3, He Xiangjian is chosen by the group in order to highlight various typical entrepreneurial traits in an entrepreneur. He Xiangjian is a leading entrepreneur in China, as the co-founder of Midea group. Midea group produces mainly electronic appliances and also household appliances, based in Guang Dong, China. A complete profile of He Xiangjian will be discussed, emphasizing his entrepreneurial traits.

A successful entrepreneur may not have all the traits mentioned but he(she) will at least portray a few typical traits. Thus, understanding and implementing these entrepreneurial skills are necessary to achieve success in life.

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