5entp005w Entrepreneurial Practice Assignment Sample

Exploring Critical Incidents, Reflective Models & Entrepreneurial Skills Development

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Introduction Of Entrepreneurial Practice Assignment Sample

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According to Boud, Keogh, and Walker (1985), reflection is "a process of reviewing an experience of practice in order to describe, analyze, evaluate, and so inform learning about practice." By reflecting on critical incidents, individuals can gain a deeper understanding of their actions, identify areas for improvement, and learn how to apply these lessons in the future. Throughout this module, I have had the opportunity to work on several team projects and engage in various entrepreneurial activities. These experiences have provided me with valuable learning experiences that have helped me to develop new skills and insights into entrepreneurship and project management (Wadhwani, et. al. 2020). In this reflective essay, I will discuss my individual contributions to these team projects and how they have impacted my learning experiences. I will begin by reflecting on my thoughts and feelings about my contributions to the success or failure of the campaigns. I will also discuss the entrepreneurial skills that I have developed over the course of these projects, such as creativity, innovation, problem-solving, and teamwork (Wurth, et. al. 2022). In doing so, I hope to demonstrate the ways in which these experiences have contributed to my growth as an entrepreneur and project manager.

Entrepreneurial Practice Assignment

A critical incident is and the importance of reflection

During the team projects, I made various contributions that helped to shape the direction of the campaigns and achieve our goals. In this section, I will discuss my individual contributions, my thoughts and feelings, and the entrepreneurial skills that I have developed throughout the module.

In the first project, In the Hope for the Brain fundraising event, I took on the responsibility of developing the funding plan to raise money for brain tumor research. To do this, I conducted extensive research on the latest developments in brain tumor treatment and reached out to various stakeholders, including medical professionals, researchers, and patients, to gain insight into the most pressing needs in the field. My contribution to the event went beyond developing the funding plan. I also utilized my entrepreneurial skills to devise creative fundraising strategies, such as organizing a charity walk or a benefit concert, that would not only generate donations but also raise awareness about the importance of brain tumor research.

Being part of this initiative was an emotionally challenging experience for me, as I came face-to-face with the harsh realities of brain tumors and their impact on patients and their families. However, it was also a rewarding experience to know that my contributions could make a meaningful difference in the lives of those affected by this disease. My participating in the Hope for the Brain fundraising event allowed me to develop and hone my entrepreneurial skills while also contributing to a cause that is close to my heart. I am grateful for the opportunity to have made a positive impact on the world and to have worked with a team of like-minded individuals who share my passion for making a difference (Amjad, et. al. 2020). Throughout the project, I felt excited and challenged by the creative process. I enjoyed working collaboratively with my team members and learning from their different perspectives. However, I also experienced some frustration and stress when encountered obstacles or disagreements in the process. These feelings taught me the importance of resilience and adaptability in entrepreneurship (Akhmetshin, et. al. 2019).

Fundraising event artefact 2

Figure 2 Fundraising event artefact 2

As the project manager of the Hope for the Brain fundraising event, I felt a heightened sense of responsibility and accountability. This cause was particularly important to me because I have a close family member who has been affected by a brain tumor. Therefore, I wanted to ensure that our fundraising efforts were focused on the needs of patients and their families. One of my main contributions was developing a comprehensive funding plan that included various fundraising activities such as a charity walk, a benefit concert, and an online donation platform. I also worked closely with medical professionals and researchers to identify the most pressing needs in the field of brain tumor research and targeted our fundraising efforts towards those areas. As with any project, we encountered unexpected challenges and delays that put pressure on our team. However, I learned the importance of effective communication, delegation, and problem-solving skills in entrepreneurship. Through my experiences as a project manager, I developed various entrepreneurial skills that I believe will be valuable in my future endeavors.

I learned the importance of collaboration and valuing the perspectives of others, particularly in a cause that affects so many people. I also developed my creativity by coming up with innovative fundraising ideas and solutions. Resilience was another skill that I honed, staying motivated and persistent in the face of challenges and setbacks. Accountability was a key skill that I learned as a project manager, taking ownership of my work and ensuring that we met our deadlines and achieved our goals. Effective communication was also vital, particularly when working with a team, stakeholders, and donors.

Finally, my experience as a project manager allowed me to develop my leadership skills. I learned to manage a team, delegate tasks, and motivate others towards a shared vision. Overall, I am proud of the contributions I made to the Hope for the Brain fundraising event and the entrepreneurial skills that I have developed along the way. The team projects provided me with valuable learning experiences that have helped me develop various entrepreneurial skills (Galvão, et. al. 2020). My individual contributions to the projects allowed me to practice and refine these skills, leading to successful outcomes for both campaigns. A critical incident refers to a significant event or situation that has a significant impact on a team or organization. Critical incidents can be positive or negative, and they often require immediate action to address the situation effectively (Prüfer and Prüfer, 2020). Examples of critical incidents in a business setting include a major product launch, a significant change in the market, or a crisis that impacts the organization's reputation.

In terms of team projects, reflection on individual contributions is essential for success. According to Belbin's team role theory (1981), successful teams require a mix of different roles, including plant, monitor-evaluator, coordinator, resource investigator, implementer, team worker, completer-finisher, and specialist. In my own experience, I can provide information on crowdfunding and learning new skills. Crowdfunding is a fundraising method that allows individuals or organizations to raise money for a project or cause by obtaining small contributions from a large number of people. To make this campaign successful, we need to develop a well-crafted crowdfunding campaign that is targeted towards potential donors who are interested in this cause.

To ensure that our campaign is effective, we can engage in various activities to develop the skills required for successful crowd funding. For example, we can take online courses or attend workshops that teach us how to develop a compelling pitch, how to identify and reach potential donors, and how to create a sense of urgency around our cause. We can also read books or articles that provide insights into successful crowd funding campaigns and learn from the experiences of others. Additionally, we can practice our crowd funding skills with mentors or peers who have experience in this field. We can experiment with new techniques or technologies, such as social media marketing or video production, to create engaging content that attracts potential donors (Pardo-Garcia and Barac, 2020). The key to success in any crowd funding campaign is to set clear goals, develop a plan of action, and consistently execute that plan while being open to feedback and adaptation. By doing so, we can create a crowd funding campaign that effectively raises money for the Hope for Brain fundraising event, helping people affected by brain tumors to receive the support they need.

Fundraising Campaign artefact

Figure 3 Fundraising Campaign artefact

To successfully raise funds for the Hope for Brain fundraising event, it is important to engage in entrepreneurial activities that identify the problem or need in the market and create a unique solution to address it. This may involve conducting market research to understand the needs of those affected by brain tumors and developing a value proposition that clearly communicates the value of the solution to potential donors. To be successful in fundraising, it is also important to have a well-crafted crowd funding campaign that communicates the value of the solution and provides incentives to potential donors. This may involve creating a compelling pitch that tells the story of the Hope for Brain initiative, using social media to reach potential donors, and offering rewards or recognition to donors who contribute.

Participating in team projects and entrepreneurial activities can also help individuals develop the skills necessary to be successful in fundraising and entrepreneurship. These activities can help individuals build communication, collaboration, problem-solving, and leadership skills, as well as the confidence and resilience needed to adapt to changing circumstances. Ultimately, participating in the crowd funding campaign for the Hope for Brain fundraising event is an opportunity to contribute to society and help those suffering from brain tumors. It requires hard work, dedication, and a willingness to learn and adapt, but the rewards of making a positive impact on the lives of others can be significant.

Each critical incident that impacted learning

Each subheading represents a different critical incident, one negative and one positive that could have a significant impact on learning experiences and the development of entrepreneurial skills. In the following sections, I will discuss my thoughts and feelings about each incident and how they impacted my learning experiences (Ghouse, et. al. 2019).

Missed Fundraising Target

During our fundraising campaign for the Hope for Brain project, we encountered a critical incident where we missed our target by a significant margin. As the project manager, I felt responsible and disappointed that we were not able to reach our goal, which would have helped many individuals suffering from brain tumors (Listiningrum, et. al. 2020).

However, instead of dwelling on our failure, we took the opportunity to reflect on our approach and identify areas for improvement. We analyzed our fundraising strategy, identified gaps in our communication, and worked on ways to better engage with potential donors. This incident taught us the importance of thorough planning, effective communication, and persistence in fundraising campaigns (Al-Kwifi, et. al. 2020).

Successful Brain Tumor Research Project Launch

On a positive note, we were able to successfully launch a brain tumor research project that had a significant impact on our learning experience. This project involved collaboration with medical experts and researchers to find new treatments and potential cures for brain tumors. As a team, we felt a strong sense of purpose and dedication to this project, and we were thrilled when it finally came to fruition (Sariwulan, et. al. 2020). However, we also recognized that there was still much to learn and improve upon. We continued to refine our research methods and collaborate with experts in the field to further our understanding of brain tumors. This incident taught us the importance of collaboration, dedication, and a long-term perspective in tackling complex problems such as brain tumors (Zhao, et. al. 2021).

Describe incident in detail with the reflective models

The critical incident I would like to reflect on is related to the Hope for Brain crowdfunding campaign, where I worked as a project manager. One of the critical tasks in the campaign was to create a detailed timeline to ensure that all the activities were completed on schedule. During the planning phase, I collaborated with the team to identify all the necessary tasks and assigned specific deadlines for each task. We then created a Gantt chart to visualize the timeline and ensure that all the activities were sequenced in the correct order. As the project manager, I was responsible for ensuring that the campaign launched on time and achieved its fundraising goals. The project timeline helped me to monitor progress and identify any potential delays, enabling me to take corrective action proactively (Sariwulan, et. al. 2020). I communicated with the team regularly to ensure that everyone was aware of their responsibilities and to address any concerns promptly.

This experience taught me the importance of effective project management skills, including planning, monitoring, and communication. It also highlighted the importance of collaboration and teamwork in achieving success in entrepreneurial projects (Zhao, et. al. 2021). Overall, this critical incident helped me to develop my skills as a project manager and contributed to the successful launch of the Hope for Brain campaign, which raised significant funds to support people suffering from brain tumors (Staniewski and Awruk, 2019)

The crowdfunding campaign for the Hope for Brain fundraising for people suffering from brain tumors, flexibility and adaptability would be crucial qualities to have (Boldureanu, et. al. 2020).

As with any fundraising campaign, unexpected obstacles and challenges can arise that may require changes in the approach or strategy. For example, if the initial fundraising goal is not met, it may be necessary to revise the campaign timeline or adjust the messaging to better resonate with potential donors. Effective communication and problem-solving skills will also be critical in ensuring that everyone involved in the campaign remains motivated and focused on the shared goal of raising funds for brain tumor patients. Ultimately, this incident has taught me that being flexible, adaptable, and having strong communication and problem-solving skills are essential in successfully managing any project or campaign in entrepreneurship. (Abubakre, et. al. 2022).

I will use the Gibbs Reflective Cycle to describe the critical incident of the communication breakdown that occurred during the group project.

  • Description: During the group project, I experienced a communication breakdown with a team member. We both had different ideas about how to approach the project, which led to disagreements and tension between us.
  • Feelings: At the time, I felt frustrated and annoyed that we couldn't see eye-to-eye, and I felt like we were wasting time going back and forth (GIBS, 2022).
  • Evaluation: I recognized that effective communication is crucial in any team setting, and that I needed to take responsibility for my role in the breakdown. I realized that I needed to approach the situation from a more empathetic perspective and communicate more clearly.
  • Analysis: I reflected on the breakdown in communication and the factors that contributed to it. I realized that I needed to be more mindful of my communication style and approach team projects with a more collaborative mindset.
  • Conclusion: I was able to resolve the communication breakdown by listening to my team member's perspective, empathizing with their position, and compromising to reach a solution (Lindblom, al. 2020). This experience taught me valuable lessons about effective communication, empathy, and collaboration.
  • Action Plan: Going forward, I will approach team projects with a more collaborative mindset and be more mindful of my communication style. I will strive to listen actively, empathize with my team members, and communicate clearly to avoid similar breakdowns in the future.

Using the Gibbs Reflective Cycle, I was able to analyze the critical incident in detail and identify the factors that contributed to the breakdown in communication. This reflective process allowed me to recognize my role in the incident, and learn valuable lessons about effective communication, empathy, and collaboration that will undoubtedly benefit me in future endeavors as an entrepreneur.

The theories fit in

To analyze the incidents using the chosen reflective model (in this case, Gibbs Reflective Model), research can be helpful to provide a theoretical framework for understanding the different stages of the model. Some sources that can be useful for this include:

  • Gibbs, G. (1988). Learning by Doing: A guide to teaching and learning methods. Further Education Unit, Oxford Polytechnic.

This is the original source of the Gibbs Reflective Model, and it provides a detailed explanation of the different stages of the model and how they can be applied in a learning context.

  • Schön, D. A. (1983). The Reflective Practitioner: How professionals think in action. Basic Books.

Schön's work on reflection in professional practice is often cited in discussions of reflective models, and his ideas can be useful for understanding how reflection can be applied in real-world situations.

  • Boud, D., Keogh, R., & Walker, D. (1985). Reflection: Turning experience into learning. Routledge.

This book provides an overview of different reflective models and their applications, and it can be useful for understanding how reflection can be used to turn experiences into learning.

  • Hatton, N., & Smith, D. (1995). Reflection in teacher education: Towards definition and implementation. Teaching and Teacher Education, 11(1), 33-49.

This article focuses specifically on the use of reflection in teacher education, but its insights into the different stages of reflective models can be applied more broadly to other contexts, including entrepreneurship and project management.

By drawing on these and other sources, it is possible to gain a deeper understanding of the different stages of the reflective model and how they can be used to analyze incidents and inform future actions.

Conclusions

Entrepreneurship is not just about starting a business; it's about solving problems and creating value for society. The crowdfunding event for Hope for Brain is a great example of how entrepreneurship can be used to make a positive impact on people's lives. Through this campaign, individuals with brain tumors can access critical treatment and support services. This experience has taught us the importance of having a clear vision, strong leadership, and effective communication in achieving our goals. Moving forward, it is crucial for the organization to have a funding lines plan and target sponsors to ensure the sustainability and success of our mission. We must continuously evaluate and adjust our strategies to ensure that we are making the most significant impact and meeting the needs of those we serve. As we continue our journey, we must remain committed to learning, growing, and adapting to new challenges, as these are the keys to achieving entrepreneurial success.

References

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Al-Kwifi, O.S., Tien Khoa, T., Ongsakul, V. and Ahmed, Z.U., 2020. Determinants of female entrepreneurship success across Saudi Arabia. Journal of Transnational management, 25(1), pp.3-29.

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