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Essay / Research Paper Abstract
This 10 page paper discuses Kolb's Experiential Learning model and how the different dimensions would help or hinder the success of an entrepreneur. The writer also reports the link between Kolb's model and the intellectual entrepreneur. Bibliography lists 5 sources.
Page Count:
10 pages (~225 words per page)
File: MM12_PGkolb.rtf
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Unformatted sample text from the term paper:
An individual may have the best idea that has been seen in 50 years, but if that person does not plan and go about starting the business within legal parameters
using good business practice, he or she will fail. There are a number of factors that act as drivers for an individual to start a new business, which are usually
categorized into lings like individual traits, personality, situational factors, socioeconomic factors (McPhee, 2000). There is also the theory of displacement, which posits that an individual will only start their own
business if they are displaced from other activities, like losing their job, or prevented from doing other things, like finding a job they like (McPhee, 2000). Other drivers for starting
a new business include being at a crossroads in ones career, the influence of family and the influence of occupational experience (McPhee, 2000). All of the factors can act as
push-pull drivers and they are all intertwined against a landscape of an array of other factors and events in a persons life (McPhee, 2000). The push factors have to do
with threats to ones job security, for instance, and the pull factors have to do with entrepreneurial insight (McPhee, 2000). The individual traits that have been identified for a person
to start their own business is a need for achievement (McPhee, 2000). Wanting to be responsible for ones own career outcomes and also wanting to be in control of ones
environment are also traits associated with successful entrepreneurship (McPhee, 2000). Entrepreneurship that leads to starting a new business requires dedication, commitment, planning and more. Not everyone who thinks they have
all the necessary qualities and characteristics will be able to translate those into starting up a successful business. For example, there is more and more emphasis being placed in teams
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