Assignment for Entrepreneurship

Assignment for Entrepreneurship

The Characteristics of a typical entrepreneur are irreconcilable with a corporate career. Large organizations are by their nature bureaucratic and as such promote an environment in which the entrepreneur cannot survive

Prepare a discussion paper in essay style in which you survey the argument for an against the above quotation, and then justify your own position. In your answer, provide many examples of entrepreneurs and corporate managers, from your reading and your own experience, to illustrate the points you are making. When you refer to an example, provide enough details about that person that you are trying to make. You will have to provide defination of entrepreneurship in the introduction to your paper.

The total number of words should be between 1,000 and 1,500 words. This word count does not include your cover page, an abstract, table of contents, list of references or appendices. Thus you can place any supporting material that exceeds this word limit intoappendices. However, a reader should not have to look at an appendix to know about the main thrust of the points you are making in your assignment. So make sure all your main points are in the body of your report and refer there to the appendices that will support the points you are making in the body of your report, bacause the reader may not look at the appendices or otherwise.

Table of Contents

Introduction ..................................................... pg 4

Entrepreneurship ...................................................... pg 4

The Creative Personality ........................................................ pg 5

Managing Creativity ........................................................ pg 6

Measuring Entrepreneurship ........................................................ pg 7

Intra-Corporate Entrepreneurship ........................................................ pg 8

Conclusion ........................................................ pg 9

Appendices ........................................................ pg10

Introduction

The word entrepreneur is derived from the french entreprendre, meaning “to undertake.” The entrepreneur is one who undertakes to organize, manage, and assume the risk of a business. Today, an entrepreneur is an innovator or developer who recognizes and seizes opportunities; converts those opportunities into workable /marketable ideas; adds value through time, effort, money, or skills; assumes the risk of the competitive marketplace to implement these ideas; and realizes the rewards from these efforts.[1]

Over the decades writers have continued to try to describe or define what entrepreneurship is all about;

Entrepreneurship... consists in doing things that are not generally done in the ordinary course of business routine; it is essentially a phenomenon that comes under the wider aspect of leadership.[2]

Entrepreneurship

Entrepreneurship is the dynamic process of creating incremental wealth. This wealth is created by individuals who assume the major risks in term of equity, time, and/or career commitment of providing value for some product or service.The product or service itself may or may not be new or unique but value must somehow be infused by the entrepreneur by securing and allocating the necessary skills and resources.[3]

Tan Sri Dato Seri (Dr.) Lim Goh Tong was a prominent wealthy Malaysian Chinese businessman. He was renowned for his vision and courage in transforming Genting Highlands from an unexplored hilltop into one of the world's most successful Casino resorts. He was once the 3rd richest man in Malaysia with a net worth estimated to be 4.2 billion USD, making him the 204th richest person in the billionaire list compiled by Forbes.[4] He was penniless when he migrated to Malaysia (known as Malaya at that time) and without education background.

I regard Tan Sri Dato Seri Lim Goh Tong as a real entrepreneur based on his achievement. Genting Highlands is one of the most successful Casino resorts in the world and is one of the primary tourist attractions