The Hong Kong Polytechnic University
School of Professional Education and Executive Development
84035 Bachelor of Arts in Retail and Service Management
SPD4396 Entrepreneurship and Small Business Management
Semester Two, 2014/15
HOW ENTREPRENEURIAL AM I
Subject Lecturer: Eric Hwang
Tutorial Group: B01A
Lau Cheuk Hin
Word Count: 1179 words
Reflections from Self-Assessment Questionnaire
For the answer that am I entrepreneurial, to complete the questionnaire would give a basic picture that which type of myself I belongs to. Questionnaire divided into few parts and focus on different traits. For part one, which is focus on entrepreneurial attributes and also test how likely want to work with stable and predictable environment. 4 stages divided and I belongs to the lowest score level which mean very low level of self-evaluation as entrepreneurial.19 or below belong to this class and I score in 18. Obviously I lack of entrepreneurial attributes result in not suitable to be entrepreneur. For example some leading skills or wish to lead, creative, responsibility to take, etc. Part two is to compare how likely I belong to more typical of entrepreneurial minded or want to work in stable. And I finally got -2 point. Consistently, the result match with part one and same result in very low level of self-evaluation as entrepreneurial. This is very extreme I think because result in negative two got 19 score difference with just above level. Like working stable is not a problem, people do not like to take risk is self-deference that protect myself away from threats and dangers. Part three is test for how likely to be self-employed or be employee. My answer is being a employee. I would consider lots of factors that being employee or self-employed, for example the capability, the knowledge, and so on. Based on present, I prefer to be employed to earn what I need include precious experience, network, knowledge and other need to know but now I don’t know before experience in related industry. Although based on the questionnaire, I belong to extreme low level as entrepreneurial. I believe people in different stage will have different idea and change the mind.
Application of Lecture Materials
As I believe, traits to determined people suitable to be entrepreneur are not persuasive. Knowledge can determined when and how to entrepreneurial in suitable time and ways. First to start a business, right time is basic requirement. See the trend and analysis it PEST for Political, Economic, Social and Technological can catch the opportunities and recognize the facing threats. For example Political trend that have to focus the policy of government, regulation of law. Economic trend that may affect your business very much including economic growth, employment rate and so on. Social with affecting people behavior can be opportunities or threats. For example online shopping can build chance for many brand, however it harm lots of retailers with physical stores. Technological trend may help the business, for example some mobile devices as a huge business platform, RFID technology help easier business process. Or now move to PESTLE and more Legal and environmental issue to be concern. After recognize some PEST factors, solving problem can become my opportunities. For example the problem now with serious global warming that everyone concern. As I want to take part in car industry and it will become worse industry due to pollution from cars generate. Solving this environmental problem by innovative, e.g. produce electricity car which environment friendly to use and huge opportunities create.
Gap should find in the marketplace just like the example of electricity car. Gap between people want to drive and people support environmental protect. It can give a opportunities for business. It cannot be done by normal people which create a business to be success. Something...
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