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Reflection Point

Your Thoughts

Based on the previous opportunity journal, as an entrepreneur, you have idea(s) on the type of business that you want to start.

·         What skills do you need to develop if you want to run this visionary business?

·         What skills can you develop prior to the launch and early stages of your company?

·         Can you create a simple plan to develop these skills?

1.      As mentioned by Guirdham (2005) a leader should be influential so that he can take the team forward. A vision can be created only when the leader is accommodative to the ideas and builds peoples trust (Doherty, 2010).

2.      Trust is always built with the help of a process and this cannot be through coercion. Therefore it is important that I develop listening skills.

3.      The plan that I intend to follow is based on the model of Blake & Moulton, grid management. I intend to be more task and people oriented and non authoritarian in terms of the control.

Think about the people you like to join you in the founding team.

·         What sorts of skills, values, experiences that you are looking for in the founding members?

·         How will you find these members?

1.      The founding members should be charismatic in nature and should be team player. They should be committed in their work. The founding members should be inspirational (Bold, 2011).

2.      The process of finding members will be on the basis of recruitment. Skilled staff requires more in terms of the rewards that are quantitative and qualitative in nature.

Think about the people you like employ.

·         What sorts of skills, values, experiences that you are looking for in your first few employees?

·         How will you find these employees?

1.      Employees should be able to use the tasks in a diligent manner and should be careful in solving the problems in an optimal manner. Ability and will to learn is the important characteristic that will be looked in the employees.

2.      The recruitment will be on the basis of the new trends in the markets. Young employees at reasonable costs can be recruited through social media (Doherty, 2010).

 

 

 

 

 

 

 

 

 

 

 

Identify your personality types using MBTI (https://www.humanmetrics.com/cgi-win/JTypes1.htm) .

·         Which character of your personality type (see Otto Kroeger’ caricature on Week 4 Light Reading Section in LMS) that will be beneficial for an entrepreneur?

·         Which character of your personality type that you think can hinder your entrepreneurial journey? And how will you work on them?

Sixteen types of psychological pairs are addresses in the test. My test results stated that my personality type is ESFJ (Extraversion, Sensing, Feelings and Judgemental). I am friendly to the external environment and have judgemental qualities for the decision making. My extrovert qualities can sometimes be taken in a wrong manner and therefore I should be more cautious in dealing with people.

 

 
 

Organizational Chart

 

Organizational Chart                                Visionary & Organizational Chart, Romanowski, 2014 

References

 
 
  1. Bold, E-O 2011, Instruments and techniques used in design and implementation of change management, Journal of Advanced Research in Management, Vol 2, Iss. 1(3), p. 5-13.
  1. Doherty, R 2010, Getting social with recruitment, Strategic HR Review, Vol. 9, Iss. 6, p. 11-15.
  1. Guirdham, M 2005, Communicating Across Cultures at Work (2nd edition), New York: Palgrave MacMillan.
  1. Romanowski, D 2014, How a Simple Chart can derive accountability [Online]. Accessed on 22 August 2014.
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