Individual Reflections

1.0 Introduction
The Entrepreneurship in Practice module is taught with the purpose to educate the potential future entrepreneur to spot the opportunities, alert to recent market positions, proactiveness and writing up a clear and realistic business plan before starting new firms. My main objective to enroll this module was to explore practices and creativity in entrepreneurships to keep abreast with the fast changing business evolvement. This module does help me to understand more the real life situations in business world through SimVenture simulation. There are many concerns and risk when starting a new firm.

This paper will describe the process of running the SimVenture business simulation by a group of future entrepreneurs. It will also discuss the experience and lesson learnt with the simulation, individual growth points as well as group dynamic reflection.

  2.0 The Group Selection
My group was teamed up by 4 ambitious entrepreneurs, there are few similarity among us which tied us together in the WOW group. We taken the Entrepreneurship and Creativity module last semester and go through the simplified version of Herrmann Brain Dominance Instrument (HBDI). The four sided model of thinking styles are metaphorically attributed to four regions of the brain and characterized as A-Logical, B-Organized, C-Interpersonal and D-Imaginative. I am the only one in the group with A-logical thinking quadrant while the other three of my team mates are D-Imaginative thinking quadrant.

Source: Adapted from Innowiz Project, 2008.
Figure 1: The Hermann Whole Brain Model Diagram
The HBDI teaches us how to communicate with each other effectively by understanding their thinking style. It is important to understand his or her thinking style preferences as it will help to improved teamwork, leadership, customer relationships, creativity, problem solving and other aspects of personal and interpersonal...