Entrepreneurship - Essay Example

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The aim of this paper has been designed towards development of personal entrepreneurial characteristics and entrepreneurial state of mind. In this paper, entrepreneurial analysis of Oleg Tinkov will be considered as the great popular and well-known entrepreneur of Russia. …
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Download file to see previous pages Entrepreneurial Journey of Oleg Tinkov According to Paul Burns (2001), personal characteristics and traits, societal culture, antecedent influence and situational factors are the strongest influencers on entrepreneur (Burns, 2001). Thus, it is important to note that Oleg Tinkov’s journey towards becoming an entrepreneur started at his childhood itself due to his father’s influence. As he grew old, cycling became one of his favorite leisure activities. Entrepreneurial analysis with respect to personal traits and characteristics suggests that entrepreneurs possess similar characteristics to those of sportsmen. Therefore, it is implied that his passion for cycling also has led him forward in his journey towards entrepreneurship. As challenging moves for Oleg Tinkov during his start ups, situational factors played an important role too. The micro-environment factors were prevalent within the country such as that of changes in perception, mood and meaning of the societal communities. Oleg Tinkov challenged the macro economic factors such as economic changes within the country and market structure. His challenge was initiated by his motive of grasping the first mover advantage in the market generated after the disintegration in the Soviet Union. He held extremely strong instinct of defeating any challenge and every time evolved as a winner and this trait has been activated upon him through his immense interest in cycling (Tinkov, 2006). Entrepreneurial Opportunity for Oleg Tinkov Oleg Tinkov is a constant seeker of business opportunities and it is his search for the best which has never allowed him to remain stiff to a single...
This editing researches an entrepreneurial background of Oleg Tinkov, his entrepreneurial opportunities and its transformation into business, business strategies and decisions of Oleg Tinkov, challenges and remedial actions to those challenges by Oleg Tinkov, his entrepreneurial network and role of luck and fortune. From the overall analysis of entrepreneurial traits of Oleg Tinkov, it can be stated that there cannot be the most appropriate ingredient for the best entrepreneur blended with certain portion of characteristics and certain portion of luck or fortune. Conversely, it is a combination of various factors which can only be enhanced by the entrepreneur himself. The entrepreneurs, who realize the importance of the most appropriate factors, ultimately become successful. However, at the same time, the entrepreneurs can conduct an in-depth analysis of the situational factors for interpreting the entrepreneurial traits and strive towards adopting those traits. It has also been found out from the entrepreneurial analysis that people who are more indulged in challenging activities such as that of sports and hold strong notion of winning each of the game are more likely to become a successful entrepreneur.
Above all these facts behind becoming a successful entrepreneur lay the capability of identifying opportunities in the market and grasping each of the opportunities. Change identification and adaptation to changed environment are undeniably the most important characteristics of an entrepreneur.


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