Professional Documents
Culture Documents
GEB2112U - Entrepreneurship
MODEL ON ENTREPRENEURSHIP -
Abstract
This report will cover how an individual business can turn into entrepreneurship, especially in
the craft industry, through Self-Directed Learning aka SDL. It analyzes vital information and
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methods that can foster innovation for small businesses that attempt to bring their business to
another level. Moreover, the report discusses how small businesses become craft
entrepreneurship. Through this report, readers can have an overall sight of SDL, methods that
artisans use to innovate their business, and the basic sources that people can get knowledge from.
This academy report can help readers realize the gap between theory and reality and a close
connection between self-directed learning and entrepreneurship.
Table of contents
Abstract 2
Introduction 3
Analysis 3
Recommendations 5
References 7
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Introduction
The article starts with craft entrepreneurship, which brings the necessary knowledge about craft
entrepreneurship, such as the overview and benefits of the craft industries and the development
potential of craft entrepreneurship. The second part, the importance of SDL’s expertise to
become craft entrepreneurship, emphasizes how critical education the artisan needs to follow and
implement in the entrepreneurial process. The third part, how connections between craft industry
and SDL have created the craft opportunities and new venture creation that all follow cycles of
SDL is “assess knowledge gaps - act - review outcomes - learn.”
The reason for writing the report is to explore the SDL model, which is not fresh but is
increasingly being used extensively recently. This article shows the practical application of this
SDL model through craft entrepreneurship. Thereby we can learn more about its applicability,
and the knowledge that can help us better understand how to build an enterprise or how to
transform our expertise into entrepreneurship. The first analysis is the purpose of using SDL in
the transformation of craft expertise to craft entrepreneurship. The second analysis is the
structure to clarify SDL. In the final analysis, the writer evaluates the information such as the
definition of craft entrepreneurship and its future, then the definition of SDL, and the final
showing the influence of SDL in entrepreneurship.
Analysis
Point 1 - Purpose
The author in the article gives advice on how to shift careers to become a craft entrepreneur and
the values of various professions while taking the financial viability of the company. To produce
and serve products to customers rapidly and effectively, work on a plan-based project or
procedure via self-directed learning in place of instruction. It allows them to learn from their own
experiences or from engaging with others, particularly in situations when enterprises must
compete with more powerful rivals or deal with consumer issues. Eventually, discussing self-
management and self-monitoring, which the company must employ in order to organize,
implement, monitor, and regulate all company activities.
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Point 2 - Structure
The author has mentioned some parts which create a shift in becoming a craft entrepreneur. First
is the history of craft major that begins in a small city - a root for an artisan’s innovation. Next,
the author declares that there are two ways to receive knowledge on Self-Directed Learning that
are instructional - the knowledge that people can get from classrooms and interactive - the
knowledge through their own experiences or communication with others in unplanned structures,
and the second pathway attracts most researchers. For researchers, there are three important
components that create innovation in craft entrepreneurship. Ultimately, the audience can see
they have different ways to achieve their goals by numerous transitions. Their knowledge is built
up from their interaction with friends, partners, and family.
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dimensions. The foremost element is “self-management” which refers to external resources that
can lead artisans to notice and be familiar with the entrepreneurship environment, they need to
control the task or the learning activities and adopt the environment in support of goal-directed
actions. The second element is “self-monitoring”, which means artisans have responsibilities for
evaluating their results to see how they change in the whole improvement. Combining their
previous knowledge with a novel one and applying it in their future entrepreneur. And the last is
“motivation” that fosters them to implement and achieve it.
Recommendations
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I have considered that motivation is one of the first factors. It promotes the SDL process
more effectively, thereby inducing a mastery of its skills to create the product. From there,
creating an iterative process for products, these attributes force the second element of self-
management, is the opportunity to thrive by listening to the product's perception of both positive
and negative directions that can help them develop products that fit to the market. The authors
Jeff, Mary, and George have controlled over their resources, tasks and vision. This process gives
them the advantage of creating familiar markets for them and assumptions about market
opportunities for their businesses. All three script writers have conducted a similar thing: self-
assessing their skills, products. That helps them increase their understanding of the market’s
needs and their products that can help them create better and more unique products. All aspects
that I mentioned show that SDL is theoretical and it can be applied in practice to create familiar
markets, the motivation to continue with the profession, create awareness and grow businesses to
survive for craft entrepreneurship. People have to remember that all three components of self-
management; self-mentoring and motivation cannot be missing in a whole process.
Conclusion
In conclusion, the SDL plays a role in promoting handicraft entrepreneurship in craft
communities in these cities. The academic research captures the main aspects of SDL as
individuals transition from craft to entrepreneurship. The findings from this study need to be
further surveyed to develop theoretical SDL about manual entrepreneurship, which suggests the
discovery and exploitation of SDL for more detail, then implications for practice. Therefore, as
an entrepreneur, no matter a long-term business or a beginner, they must all carefully prepare our
knowledge and acquire the knowledge to solve problems with the above competitors' business
marketing. Entrepreneurs can learn from interacting with seniors, professional artisans or
enrolling in school by academic program. Through this lesson, we can create a management
system, create jobs and stabilize jobs that create motivation, confidence and creativity.
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References