Learning Outcome 1: Analyse the key characteristics of the entrepreneur in theory and practice.
This learning outcome is worth 20%, with each entry being worth 10 marks (5%). Satisfactory presentation and APA referencing is expected as a necessary part of the assignment. This outcome concerns the characteristics of the entrepreneur and what had driven them to be an entrepreneur.
Approximately 1500 words (+/- 10%)
1. Consider how your understanding of entrepreneurship and the characteristics required of successful entrepreneurs has changed since the start of this course. Hint: Ask yourself– what did I understand before the course and what do I now understand?
2. Analyse two real world examples from the case studies provided in class or your own interviews/research of an entrepreneur. Apply and discuss at least two ‘schools of thought’ (macro and/or micro) of entrepreneurship in your answer about your selected case studies.
3. Have you found that some entrepreneurs do not appear to follow in their practice either of the theoretical entrepreneurship schools of thought you selected in question 2? Provide one example of a successful entrepreneur that fits this picture. Justify your argument and evaluate how this person has survived successfully in their chosen business. Hint: You could select a different school of thought to consider or another theoretical framework.
4. As you come to the end of learning outcome one, evaluate your own personal characteristics for entrepreneurship. It is expected that you will refer to at least one self-test that you have carried out in order to evaluate yourself.
Instructions: The report must be your own work. Any references to others’ work must be referenced correctly using the APA referencing system (7th ed.).
There is also a set of helpful hints on EIT online to guide you in this first assignment. See the Assessments folder. Please ensure you refer to those to keep you on track.