Entrepreneurial self-analysis
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Ent-Self-analysisSample.docxEntrepreneurship self-Analysis
Contents 1) Introduction 3 2) Critical evaluation 3 2.1 GET 2 results and interpretation 3 3) Supporting and contradicting evidence for the results 6 3.1 Evaluation of results with AULIVE 6 3.2 Work-life example for entrepreneurship skill 8 4) Analysis of Antecedent influencers 8 5) Reflection, conclusions and implications 8 5.1 Reflections and Conclusions 8 5.2 Implications 8 Bibliography 9 Appendix 10
1) Introduction
Entrepreneurship development is basically a combination of skill and art which an individual will have to develop. All the famous personalities who are now the leading entrepreneurs across the world once started their career by analysing their own skills and development. The attributes that are connected towards the individual development includes communication, critical thinking, problem solving, adaptability, curiosity, self-regulation and also the entrepreneurship skills (Kumar, 2015).
All the firms in today’s competitive environment expects an individual to be creative, dynamic, innovative, leadership ability and also the strategic skills that are required. The modern economy defines the role of an individual which will take the organisation to the next level and also will help in developing the entrepreneurial skills that an individual can develop (Stel, 2014).
The real time analysis was carried out in the study using two tools which is basically the GET and AULIVE and based on the results self-analysis is carried out.
2) Critical evaluation
2.1 GET 2 results and interpretation
The Get2results will help in determining the areas and the ability that I have to become an entrepreneur. It is important to analyse the skills that I possess and also in working on the areas that needs improvement. The attributes that are getting assessed includes creativity, autonomy, risk taking ability, control and also the need for achievement. The tool is available in www.GET2TEST.net and the analysis is based on 54 closed ended questions with two options. On an overall I had achieved 69% which determines that I am occasionally enterprising and it is an important characteristic for an entrepreneur.
The results
The result shows that I had the strengths of being an entrepreneur and has 69% which portraits the enterprising ability that I possess. The Management Trainee experience that I have with Bank Nizwa which is the first Islamic bank helped me in developing the basic skills that are required. This helped me in innovating new things where the operational standards can be improved across Bank Nizwa.
Figure 1: Overall results – Get2Test
Source: (get2test, 2017)
Bank Nizwa had provided me lot of opportunities through which the skills, attributes and also capabilities that are required to be an entrepreneur.
Figure 2: Test result summary
Source: (get2test, 2017)
There are few areas like the need for achievement that needs to be improved by doing few exercises which requires a lot of efforts from my side other than what Bank Nizwa thought me towards entrepreneurship (get2test, 2017).
Need for achievement
The result is very clear that I will have to put more efforts towards improving the ability to achieve something big. This gave me a heads-up that I will have to improve in this area a lot and especially towards task focus, proper time management and also in setting realistic goals that can be achieved. I had scored 50% which still needs to be improved (get2test, 2017).
Figure 3: Need for achievement
Source: (get2test, 2017)
Need for autonomy
The need for autonomy result implies that I am independent and even in terms of carrying out important tasks at Bank Nizwa I was individualistic and independent as well (get2test, 2017). With the score shows that I secured over 67% in this attribute but I love working as a team and also will be contributing my individual part as well.
Figure 4: Need for autonomy
Source: (get2test, 2017)
Creative tendency
The creativity score shows that I am creative after securing 67% but it is something that needs to be improved. The creative that I possess is above average but needs to be improved by doing creative things on technology, critical process and also through innovative working ideas (Santarelli, 2013).
Figure 5: Creative tendency
Source: (get2test, 2017)
Calculated risk taking
I personally feel that greater the risk greater would be the rewards and it is an important attribute for an entrepreneur. It is always better to predict the future and based on which calculated risk needs to be taken and it remains my approach as well towards risk which is getting described through 67%.
Figure 6: Calculated risk taking
Source: (get2test, 2017)
Locus of control
This is one of the high scored areas and I firmly believe that this is an essential character for an entrepreneur. With the score of 92% it automatically explains that I am a person with strong self-belief who proactively work on things and also the one with high self-confidence.
Figure 7: Locus of control
Source: (get2test, 2017)
Figure 8: Individual attribute score
Source: (get2test, 2017)
3) Supporting and contradicting evidence for the results
3.1 Evaluation of results with AULIVE
The overall score out of the psychometric assessment through AULIVE is 70.13 which describes that I possess a medium skill range to be an entrepreneur.
Figure 9: AULIVE test score
Source: (Aulive, 2017)
Abstraction
Abstraction shows the ability of doing things which is normal as per the score.
Connection
I can connect to things easily which is one of the important aspects towards the creativity.
Perspective
When I analyse on the perspective it is very clear that there is a space, time and people (Aulive, 2017).
Curiosity
I am very curious towards learning new areas that will give a sense of bringing new things.
Paradox
It is very clear that I can work under the contradictory statements.
Complexity
I have the capability of analysing the larger information and also in maintaining that information.
Persistence
I analyse things and then the right decision will be made accordingly. The decision will take the usual time and also will yield a stronger result (Aulive, 2017).
3.2 Work-life example for entrepreneurship skill
The real time experience as a Management trainee in Bank Nizwa helped in analysing the skills that I possess. These skills by default are required for any individual who wanted to become an entrepreneur. I have a positive way of developing the entrepreneurship development and especially the skills that are required. Bank Nizwa helped me in developing the skills which includes personal, interpersonal skills, communication, leadership, self-knowledge, energy and innovation (Burns, 2014). This helped me to understand the ability that I possess and also in applying those in the real time situation.
4) Analysis of Antecedent influencers
The real time experience which I had with Bank Nizwa helped me in developing the required skills.
Education
The basic education that I possess had helped me in analysing the areas and also will serve as a platform to be an entrepreneur.
Family
The collaborative family environment where I live with a larger family helped me to understand different opinions of the members (Aulive, 2017).
Experience
Being the first Islamic bank in Oman the workplace provided me the experiences which are required to be an entrepreneur.
5) Reflection, conclusions and implications
5.1 Reflections and Conclusions
Both Get2 and Aulive results are similar where the entrepreneurship skills that I possess are average. This needs to be improved and there are areas in which I will have to work and that will help in making me a successful entrepreneur. I have the abilities which are at an average level and the real time experience helped me in improving the scores better.
5.2 Implications
There are areas in which the improvement needs to be made and it gives me a sense of confidence that I will be a successful entrepreneur in the near future. Innovation is one area that needs to be improved drastically for which analysing cases, reading books, real time situation tests and also in improving the technical skills.
Bibliography Aulive. (2017). Aulive. Retrieved from Aulive: http://www.testmycreativity.com/ Burns, P. (2014). New Venture Creation (Fourth Edition ed.). Palgrave Macmillan. get2test. (2017). Get2test. Retrieved from Get2test: http://www.get2test.net/test/results.htm Kumar, S. A. (2015). Entrepreneurship Development (Third Edition ed.). New Age International. Santarelli, E. (2013). Entrepreneurship, Growth, and Innovation (Third Edition ed.). Springer Science & Business Media. Stel, A. v. (2014). Empirical Analysis of Entrepreneurship (First Edition ed.). Springer Science & Business Media.
Appendix
Entrepreneurial self-analysis assessment-1
Critical evaluation of GET profile
Results of GET2
Evaluation from AULIVE:
Results from AULIVE:
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