FINAL PULKIT ARORA REPORT 2015

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EBD Summative Assignment
Individual Report
Enterprise and Business Dev.
BA (Hons) Management
BUSI12092
Pulkit Arora
N0522098

Abstract
This report aims to target different elements based on a student’s personal experience from the first year by the carefully analysis, comparing and contrasting of personal learning techniques and skills. Through the use of Venn diagram, there will be a focus among the differences and similarities between the Placement Opportunity Skills for Bosch Car company and current Enterprise Skills and also establish a difference between the Personal Enterprise Skills and an entrepreneurial mind-set. A focus will be set on my current skills, my limitations, and what can I do to improve. This report will also emphasise on my current choice of placement and how entrepreneurial mindset is crucial when it comes to success.

Table of Contents
Section

Content

Page(s)

1)

Introduction

i.
ii.
iii.
iv.

What is Development Planning?
Why is Development Planning important?
What is Entrepreneurial Mindset?
Why is Entrepreneurial Mindset important when it comes to Development Planning?

1

2)

Skill Analysis

i.
ii.
iii.

Compare & Contrast Skills: Placement Opportunity Skills & Personal Enterprise Skills. Difference between Personal Enterprise Skills & Entrepreneurial Mindset Benefits of Applying Entrepreneurial Mindset in relation to my placement

3)

Application of Theory

2-3

4-5

i.
ii.

How can the Organisation offering the placement be considered Enterprising? How has innovation and entrepreneurship contributed to or could it contribute to their competitive advantage?
iii.
External factors & Ethical and Sustainable Dimensions

4)

Conclusion

6

5)

References

7

6)

Appendices

8 - 12

Introduction
What is Development Planning?
Personal Development Planning is defined as a structural supported process undertaken by an individual to reflect upon their own learning, performance and/ or achieving and to plan for their personal and business career development.

Why is Development Planning Important?
Development Planning is considered very important mainly because it helps one self identify personal goals, and work towards them. It helps on Transferring skills still in development to new situations, it contributes on the growth of an individual and the development of skills such as independence and confidence specially when it comes to employability. What is Entrepreneurial Mindset?

Entrepreneurial Mindset describes the most common characteristics associated with entrepreneurs which are considered independent, intensely committed, determined, hard working and competitive confident and optimistic individuals.Entrepreneur is any person that continuously seeks and acts upon opportunities for economic and or social gains through applying the principle of creative problem solving.(Burns,2014)

Why is Entrepreneurial Mindset important when it comes to Development Planning? Achieving any kind of educational or career goal is ultimately about carrying out good actions. Carrying out good actions is driven by thinking the right thoughts and thinking the right thoughts might be a result of having the right knowledge. If one wishes to become successful in any kind of development planning, adapting an entrepreneurial mindset and change ones attitudes will significantly bring positive outcomes. In order to carry out a successful development planning one must have an overwhelming desire to achieve success, have well defined plans on how one will achieve their goals, a willingness to take appropriate actions to carry out these plans, and most importantly a persistence and unwillingness to quit.

1

Skill Analysis
When it comes to Development Planning one must analyse the different set of skills already possessed and identify the weaknesses in order to create further improvements in one self and have bigger chances of receiving any...
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