What skills and knowledge do creative entrepreneurs require in the contemporary creative economy - Essay Example

lls, quite valuable in the fashion industry, seem to be self-motivation, business-management, cooperation, understanding of cultural heritage and risk-taking. These skills are analyzed below, as involved in entrepreneurial efforts made in the fashion industry. My personal experience in the fashion industry is also explained at the level that it will help me to realize my creative practitioner career development plan; indeed, after finishing my degree, I’m planning to start my own fashion magazine.

My experience in the fashion industry, as analyzed below, will help me to develop this plan successfully avoiding risks and failures, as possible. The paper aims to show that the effective involvement of entrepreneurs in the fashion industry is closely related not just to their personal skills and experience but also to their ability to respond to the needs of creative entrepreneurship, which is highly developed in the fashion industry. As already noted above, the characteristics of entrepreneurship are likely to be differentiated in each industrial sector.

For example, in creative industries, emphasis is given on the ‘social culture of entrepreneurship’ (Henry and De Bruin 2011, p.30). From this point of view, the success of an individual as an entrepreneur in creative industries is depended on his ability to communicate and cooperate in order to promote a particular creative project. In other words, in the context of the Creative Economy, entrepreneurship can be considered as similar to socialization. The relationship between entrepreneurship and the Creative Economy can be understood by referring to the characteristics of entrepreneurship.

According to Curran and Stanworth an effective definition of entrepreneurship would be the following one: ‘entrepreneurship is the process of creating a new economic entity centred on a novel product or service’ (Curran and Stanworth 1989, p.12, cited by Araya 2010, p.104). The above definition introduces another