Reflective Journal on Entrepreneurship and Innovation for Knowledge

Question: Write about theReflective Journal on Entrepreneurship and Innovation for Knowledge. Answer: Key issues and insights learned After going through the entire course, I have gained in depth knowledge about entrepreneurship and innovation. The sources possess enough flexibility for enhancing my preconceived knowledge regarding the aspects of innovation and entrepreneurship. Provision of in-depth information about the entrepreneurship and its types has altered my mindset regarding these issues. Consideration of extra readings have exposed to various avenues of making noticeable advances in the field of entrepreneurship. I think the transformations in entrepreneurship are like the phases of my life cycle. Reviewing the different implications of entrepreneurship, I felt elated in terms of its widespread presence in the field of business. Out of the widespread application of entrepreneurship, I think creativity is the most important aspect. This is because creativity helps people to come up with innovative ideas. Multi-faceted nature of entrepreneurship has invoked me to study the behavior of the people around me. Within this, studying the characteristic traits of the people I know reflects my counseling mentality towards approaching the events in a creative manner. Along with this, I have also gained an insight into the comparative studies between entrepreneurship and the other related aspects. Herein, I can relate the aspect of social entrepreneurship. Delving deep into the aspect, I got to know the real nature of entrepreneurship. As a matter of specification, my experience regarding entrepreneurship was enhanced. Earlier, I used to think that it is just a mere term in business. Now, I know that entrepreneurship is the rational application of the corporate minds to discover creative and innovative ways for approaching the issues. Here, the true essence of rationality lies in assessment of the risks after the application of a certain method or solution. An insight into the viewpoints of the national bodies like World Economic Forum has improved my knowledge regarding the factors, which heavily influences entrepreneurship. The action plans published by them makes me awestruck about their cautious approach towards assisting the companies and organizations to achieve sustainable growth. Here, I feel evaluation is important for assessing the applied solution. This evaluation would bring to the forefront the major drawbacks in my dealing with the tasks related to entrepreneurship. Maintenance of consistency in the execution of evaluation would help me to conduct self-observational skills. This exercise would make me aware of the differences between creativity and the effective ways and means to generate innovative ideas. Change in the thinking of these issues The aspect of self-observation has altered my perspective on entrepreneurship and innovation. Earlier, I used to simply apply one technique to a problem, which most of the times yielded negative results. After going through different sources on entrepreneurship, the scope and arena of my knowledge has enhanced. Now, after gathering the solutions, I evaluate their effectiveness, appropriateness and feasibility in terms of the tasks, which I have been assigned. Maintenance of consistency in the execution of this step has improved my expertise as an entrepreneur. Now I have emerged successful in delving deep into the matter for performing the allocated duties and responsibilities. I do not feel satisfied until and unless I have not referred to all the possible sources relevant for executing the entrepreneurship tasks. I think there has been a lot of improvement in my skills. I can say this, as I have exposed better performance for a consecutive period. I am now eager to gain my knowledge by consulting with my parents, peers and other relatives. This was not the story earlier. I used to be my own master. I did what I felt was right. I did not listen to others. Now, I have learned that evaluation of the undertaken decisions is important in terms of averting unwanted instances. Self-observation has provided me with the opportunity to think rationally to the issues, which I need to handle. Now, before taking a task, I assess its benefits in terms of the goals and objectives in my workplace. This assessment is a conglomeration of the ideas, which I have gathered from all the possible sources. Earlier, I used to conduct this assessment merely based on the type of the sources I have received. Now, I make assessments regarding how I can use the ideas gathered for bringing creativity in my performance. Along with this assessment, I also ensure that this creativity is in alignment with the needs and requirements of the workplace, to which I am engaged. Apart from this, I now involve my colleagues for taking decisions about completion of the tasks, which have been allocated to me. This is one of the other sources, which have broadened my perspectives regarding the allocated tasks. Even in terms of taking the suggestions of my colleagues, I apply rational thinking, which helps in picking out the innovative and creative decision for enhancing my personality as an entrepreneur. Relationship between the knowledge gained and professional practice My learning is valued if I emerge successful in establishing linkages between the knowledge, which I have gained and the behavior that I am exposing in the workplace. Countering this, my personality is enhanced if I am successful in making practical application of the learned skills in carrying out the tasks, which I have been allocated. Referring to various sources on entrpreneurship and innovation has made me aware of the fact that delving deep into the aspect before initiating the process of initiating the tasks. In-depth speculation of the relevance of the sources helps me in assessing its relevance in my usage in the workplace. Here, I can cite one example. When I was assigned a task or a project, I just thought about its submission. Now I conduct in-depth research about the subject matter, which includes the identification and specification of aims, objectives and questions. Most importantly, I conduct evaluation of the undertaken decisions. This is to ensure whether I have bee n able to abide by the created aims and objectives. Now I attend various courses and training for improvement of the preconceived skills, expertise and knowledge. Attending these courses have proved beneficial for me in terms of approaching the tasks from broader perspective. I think these courses are important for all the employees in terms of judging their position within the workplace. Here, I can attach the concept of judgment, as judging and placing the steps creates a positive image in the minds of the managers. This positivity has encouraged me to perform better performance consistently. The result is reflected in the performance appraisals, which I get the exposure of this type of performance. I think the performance appraisals need to be judgmental, as it is the matter of self-respect for entrepreneurs like us. Handing over the incentives or bonus to someone, who has worked on a project beyond the shift hours one day before the submission of the deadline, reflects an error of judgment. On the other hand, privileging the employee, who has worked hard from the first day of allocation of the projects is rationally and ethically correct in terms of valuing the efforts put in by entrepreneurs like us. I feel this is important as we all have put our best efforts for fulfilling the identified and the specified objectives. Usefulness of new information All the information, which I have gained would be effective if it helps me in making practical utilization of the skills, which I have learnt in the training. I can take trainings of the candidates aspiring to become entrepreneurs like me. Within this, referring to the sources, which I have used would help me when I get stuck in giving lectures to the candidates. This would result in the transfer of skills from me to the candidates wishing to pursue their employment in the field of entrepreneurship. Apart from this, I can use the gained information in conducting further research on entrepreneurship and innovation. I can submit this research to the publishing house, which would enhance my writing skills. The outcome of this submission would be the utilization of my writings by the young and the aspirant entrepreneurships. Apart from this, books can be published regarding my research on entrepreneurship and innovation. If this is done in the form of a ceremony, it would be expose me to a lot of audience. Herein lays the effectiveness of the personality development courses, which I attended. Development of personality is fruitful for me in terms of enhancing my presentability in the workplace. If celebrities are invited in the book publishing ceremony, then I would get a chance to meet different kinds of people. Moreover, these types of ceremonies would act as an opportunity for me to enhance my preconceived knowledge, skills and expertise on entrepreneurship and innovation. I can indulge in meetings with them for knowing their journey till this point. Following the footsteps of these famous personalities would help to shine in my life. Evaluation needs to be done on a regular basis for searching out the innovative avenues open before me for enhancing my professional life in future.