The study is focussed on understanding the management practice in the light of management concepts. It is specifically aimed at understanding the behaviour of entrepreneurs. The thesis statement of the study which is “You can’t make an omelette without breaking eggs” is itself supporting the few negative sides of characteristics of entrepreneurs in a course to attain the business success. It means it is universally accepted that the negative characteristics in entrepreneurs can be ignored till the moment they are scripting the story of success. The study tries to understand the escalated thesis statement with the help of conceptualising and studying the ideological nature of entrepreneurs in the first part labelled as Part A. The study further progresses with the help of understanding the strengths and weaknesses of the two selected entrepreneurs in the next section labelled as Part B. The two chosen entrepreneurs for this study are Steve Jobs and Mark Zuckerberg.
1. Answering the question while thinking about conceptualisations of entrepreneurship
Entrepreneurship is related with the mindset that few people possess. Those few people are innovative, opportunity-focussed and growth-oriented. They are innovative and because of which they are keen for new technologies to be able to put forward a stiff market competition. They are opportunity focussed and that is why they look for new ventures in new markets. They are growth-oriented and that urge them to look for change management in order to maintain a competitive workforce (Drucker 2014). Such facts are the resource for many good positive outcomes like a few listed below (Kuratko 2016):
New industries are born when technological change produces a very new business concept in the market. For example, the concept of supermarkets is one of such developments. The development had occurred due to the increased capability of entrepreneurs to understand the customer needs. Their capabilities had increased with the help of Big Data Analytics and other technologies (Tam and Clarke 2015). The supermarket stores in different formats are one of the most attractive formats of shopping and loved by people especially in the United Kingdom, the United States, Australia, New Zealand, the European Nations and the other countries.
Job opportunities are created when there are new business opportunities created with the help of technological disruption. The technological disruption such as the few mentioned earlier in this section is one of the characteristics of the entrepreneurs. For example, the supermarket industry in most parts of the world is now a very good resource for employment (Tsogas 2015). Economic growth is always the possibility when there are new industries formed. Such new industries as discussed earlier in this section also create the ample of job opportunities. A high employability means an increased per capita and the purchasing capability. Moreover, entrepreneurs in many ways influence the individuals purchasing capability (Baron, Franklin and Hmieleski 2016).
There are some shaded characteristics of entrepreneurs which are not acceptable from the end person who receives or witness it. Entrepreneurs do often have the number of tasks going in their mind. They are not static at one single work. In course of such tendency, they often shuffle around tasks which are confusing to others. As a result of such tendency, they often drift from a few of important tasks. Entrepreneurs have a tendency that they are rarely satisfied with other’s work. They expect job perfection from everybody who is associated with them (Stam, Arzlanian and Elfring 2014). Entrepreneurs may also not necessarily be a team player. They take the association of others for the sake of workforce required to accomplish the project. However, they hardly have the realisation of the importance which the teamwork carries. Some entrepreneurs are also over-confident to an extent of being egotistical. They need to have a healthy ego; however, it must not be extended to a level that it becomes a negative trait of arrogance. Many consider Ted Turner in this category (Nielsen et al. 2017).
Sometimes the entrepreneurs struggle with challenging circumstances. They at times find this difficult to fire or hire people and hand over such task to their capable partners. In such situation, they seem to have missed on the learning traits, timely decisions and the management disciplines. Such elements are essential to help a business grow (Kuratko 2016). Few entrepreneurs may fall into a state of paranoia while dealing with new people and the partners. They hardly have trust on anybody. Instead, they must have the capability to build up the win-win relationships with people around them. Some entrepreneurs may be found to have the workaholic tendencies at the startup of every new business. Such tendencies may be justified from the perspectives of entrepreneurs; however, people around them such as their business partners, team members and family members may take this in another way (Edwards-Schachter et al. 2015).
2. Thinking about the ideological nature of entrepreneurship
The ideological beliefs regarding the nature of entrepreneurship are largely related to different types of access which most entrepreneurs have. Entrepreneurs have access to capital using which they can experiment with new ventures and take the measured risks. They have less fear of losing their investments as most of them are from the wealthier families. On the other hand, those who do not have access to capital they have very fewer chances of being recognised as entrepreneurs. They are deprived of not taking any risk as they do not have the financial backups. Hence, they find this challenging to prove their worth to the world of business (Bhachu 2017). Entrepreneurs do also have fewer worries about legal proceedings as many of them are from wealthier families. Therefore, they believe that they will be bailed out if they come across any legal proceeding. The access to capital and the other resources are some favours which the entrepreneurs have. However, there are many who do not have such accesses and hence, they fall short in proving their potential. This is also because of the stated reasons that the rate of entrepreneurs is less in Africa (Terjesen, Hessels and Li 2016).
Steve Jobs:
Steve Jobs has several remarkable strengths and the strengths are so profound that those had entirely overshadowed the weaknesses. Jobs had the passion for product brilliance. Jobs wanted to make the products look brilliant from every aspect. This is why enough of attention was paid to the design of the products and also to the inbuilt hardware and software. Jobs put utmost cares to everything from marketing to product quality. The perfection in this regard was that high that it also overshadowed a few of the negative characteristics of Jobs such as the follows (Forbes.com 2018):
In fact, the list of the weaknesses of Steve Jobs is quite long; however, the perfection of the product had overshadowed every hidden characteristic in him. If this is not true then Steve could not have succeeded the way Jobs has actually managed to be. Such behaviours could have been the reasons for capsizing in his early career. The strengths in Steve have helped to eclipse the shortcomings in him (Forbes.com 2018).
Steve Jobs was not a very good team player. This characteristic of entrepreneurs has already been highlighted in the aforesaid section that most entrepreneurs are not a good team player. They just drift from one project to another. Steve Jobs is also very impatient. Such characteristic has already been highlighted in the above sections that few entrepreneurs do not have the patience and try to do many a thing at one time. In doing so, they do not only bring them into the troubles, but also the people who work with them (Forbes.com 2018).
The strengths and the weaknesses which have been discussed so far regarding Steve Jobs merely justifies the thesis statement which is “You can’t make an omelette without breaking eggs”. Steve Jobs had a long list of weaknesses which are not liked by its business partners and the others. It further means that entrepreneurs must have a clear vision. They must have the clear objectives and the plans to conquer the set vision. They must deliver the objectives as being done by few entrepreneurs such as Steve Jobs (Liu and Almor 2016). However, such things may not come as realistic to every single leader. This is also understandable from a fact that every leader is not necessarily the entrepreneurs; however, all entrepreneurs are the effective leaders. Therefore, this would not be entirely true to say that the stated thesis statement in this study is perfect from every single perspective.
Mark Zuckerberg:
The CEO and co-founder of Facebook, Mark Zuckerberg, is one of the most successful entrepreneurs the world ever had. However, Mark is also surrounded by numerous positive and negative characteristics. The negative characteristics in Mark justify a fact that strengths of entrepreneurs do also overshadow the weaknesses they have. Mark has one of the most common traits which most entrepreneurs have and that is his sheer passion to flock to innovative ideas (Gedik, Miman and Kesici 2015). Mark had the purpose to make Facebook not just a source to connect to friends and relatives but also to make it an engaging and interactive landscape. The purpose is evident in the platform which continually undergoes a series of changes in terms of the appearances, technologies and others (van der Zwan et al. 2016). Mark is very capable of hiring the right people to the team. Actually, Mark believes in preferring attitudes over skills as according to him, skills can be taught, not the passions. Mark believes to establish a culture that supports innovation. Mark has been found to have the courage to stick with the set vision. Mark also has the desires to produce a favourable working culture at the organisational level (Ellison et al. 2014).
Mark also has a list of weaknesses such as the communication skill; however, the success of Facebook has overshadowed the list of weaknesses in Mark. Communication skills are one of the weaknesses that have troubled Mark in the early days of Facebook. Mark was very shy to be in front of media. At that time, Mark was blamed to have copied the idea from others. The way Mark reacted to media in his early days had just supported the speculations (Ellison et al. 2014). Mark seems like struggling with resilience quotient which is one of the essential elements of entrepreneurs. Entrepreneurs, as stated in the aforesaid sections, do not only work hard but also knows ways to attain the set vision. Mark has been observed as losing control of the business that he worked so firm to establish. Such thing was observed during Mark’s recent appearance to lawmakers in Washington. Mark has been able to calm a few of the people on the Cambridge Analytica Scandal as being reported by Forbes while others have different views altogether (Forbes.com 2018).
Conclusion:
Therefore, it is near to impossible to make the omelettes without breaking the eggs. From the discussions on the entrepreneurs, Mark Zuckerberg and Steve Jobs, it is evident that entrepreneurs do take the steps which may not necessarily be equally meaningful to others. The thesis point which is “You can’t make an omelette without breaking eggs” is justified to quite a larger extent. The strengths of Steve Jobs helped him to overshadow the list of weaknesses in him. Steve Jobs is not a good team player which is required to be an ideal leader. Despite the fact, Steve has been able to script the story of successes. The findings are significant in a way that it also finds the shaded parts of entrepreneurs. In a broader aspect, the implication of this topic would draw more such studies on the entrepreneurial skills. The approach chosen in this study has some limitations that also include the secondary resources that were being accessed to. There are a few factors such as the ways of working with entrepreneurs could have also helped to understand the characteristic of entrepreneurs; however, the study had no scopes for such factors. Few studies must also be done on to identify how entrepreneurs craft their work. This will help to understand how the strengths of entrepreneurs overshadow the list of weaknesses in them.
References
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