800 words

The New Experiences and the Experiential Learning Process

The experiential learning process aids individuals, especially those willing to learn to effectively acquire knowledge, skills, and theories acquired in the classroom and easily relate it to the real world (Ruhi,2016). The new experience here may be the work experiences that most entrepreneurs engage in both internationally and domestically. This assumption majorly relates to the human capital theory, whereby most work-related outcomes gain more learning outcomes that result from the accumulation of experiences within the business (Marvel et al., 2014). Transformation processes can have different outcomes in businesses based on how individuals prefer to learn from experience. Entrepreneurs show differences to the extent to which they prefer to transform their experiences into knowledge via less searching to variations in experiences among various individuals. All search strategies are crucial for learning from experience, but they also compete for the available scarce resources, a clear indication that individuals have a tendency to specialize in one or two of them.

Most businesses prefer to emphasize exploration activities, hence seeking actions that are a bit different from the ones that they had already taken, hence seeking actions that are slightly different from those they had adopted. Exploration activities are mainly associated with behaviors such as risk-taking and experimentation, which are all essential qualities of a good business person. Additionally, exploration strategies also entail the strategic planning process whereby as a sales agent, I get the opportunity to strategically plan on all the relevant skills and knowledge that I acquired concerning my engagement in business activities hence effectively use the tactics to stand out in the business world. The planning would mainly entail the outlining and the organization of the project activities in such a way that I would ensure the effective delivery of services to my potential clients. Having ideas on such would enable me as a sales agent to easily come up with new and relevant business ideas and opportunities, which are in turn, crucial for conducting business activities.

Conclusion

In conclusion, the integration of these two intellectual theories and methods would play a vital role in ensuring the development of various entrepreneurship processes. New experiences in a business organization, especially the work experiences, are beneficial since they enable individuals to determine if either the role or the industry in which they operate meets their expected criteria and is somehow proving to be successful in the future. By questioning other employees in the area, individuals would be able to determine if the job really suits them. As such, individuals would acquire knowledge on the value of depth for new experiences and business opportunities, both domestically and internationally and plan on how they would intensively research their project.AS a sales agent, the theory and methods initially discussed would be crucial in boosting my sales in the pharmaceutical sales company, leading to increased profits.

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