Allow about 90 minutes for this activity
Read Section 1.2 ‘Scoping and defining entrepreneurship’ in Exploring Entrepreneurship: Practices and Perspectives (Blundel and Lockett, 2011, pp. 4–9) and make your own notes on the working definitions of ‘entrepreneurs’, ‘entrepreneurial activity’, ‘entrepreneurship’ and ‘enterprise’ that are offered in the text. Also spend a few minutes considering the different kinds of activity that might be described as entrepreneurial, based on the ways it is organised, the context in which it takes place and the goals that are pursued in its name.
Now watch ‘A successful jam-making business’ (duration: 05:53 minutes). It features 20-year-old Fraser Doherty from Edinburgh, who started making jam at home with his grandmother. As demand grew, he looked into the jam market and spotted a gap for a healthier brand which he successfully marketed to supermarket chains. His success with SuperJam has brought global media attention. Now he uses some of the profits to fund afternoon social events for local pensioners. Make your own notes in response to the following questions:
You might also like to carry out a quick search to get updates on Fraser’s venture at the SuperJam website.
Fraser Doherty’s story might be seen as reinforcing another stereotype of the entrepreneur as an exceptional individual. However the case also contains evidence of external factors that helped him create a successful business venture at such an early age. In the next activity, we examine the influence exerted by other people, including family and friends.
OpenLearn - Entrepreneurial impressions – reflection
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