Entrepreneurship in the global evironment Essay

Entrepreneurship in the global evironment - Essay Example His entrepreneurial prowess is evident from his engineering work and being an inventor of dual cyclone bagless vacuum cleaner, roles that have made him allegedly over 1 billion pound rich. Dyson’s idea of vacuum cleaners started back in 1970 when he innovated his first product named the sea truck and later he invented the ball barrow, which resembled a modified wheelbarrow. Dyson faced some challenges in marketing his product in the United Kingdom since no distributor was willing to distribute his product because of fear that his vacuum cleaners would overtake the replacement cleaner bags. He then opted to launch his product in Japan where he made profitable returns and even won the international design fair prize in Japan, in 1991. As a result of manufacturers failing to sell his product, Dyson decided to take that as a challenge and set up his own company in 1993 in a small town named Malmebury. Luckily, in 2005, Dyson’s vacuum cleaners were leading in sales in the Un ited States and employment had increased in Malmebury by 1,200. Indeed, Dyson was awarded with the Queen’s award for enterprise for the outstanding growth and success abroad (Loch, 2008, pp 119,120). According to BBC News (2006), after dyson received a Knighthood, he told BBC that he is an entrepreneur who produces things that people want to buy. He adds that he has failed 5,126 times and has learnt that success alone teaches one nothing, but failures teach someone everything, since when one makes a mistake, he/she learns from that mistake to better on the product. According to BBC News (2006), by then, the company had 1400 staff in the United Kingdom and 4,000 workers placed in Malaysia plants. Therefore, Dyson is the best choice of an entrepreneur, since he has come a long way by putting his innovation into practice, beaten all odds of marketing, and failed numerous times before achieving the best and being contented with his products. Why James Dyson is classified as an en trepreneur According to Bolton (2004, p. 134), â€Å"Dyson is another entrepreneur who has challenged the industry giants with a revolutionary of vacuum cleaner, since his dual cyclone cleaner has a UK market share in excess of 50% and his international sales are prospering.† The main admirable aspect of Dyson as an entrepreneur is that he is always innovative and creative, thus focuses on what the customers want, and he always desires to improve his products. Dyson has also proved to be a risk taker, since he invested his resources on his dream of appropriate vacuum cleaners. Finally, he succeeded and his returns tell it all. Dyson’s idea of a vacuum cleaner started back in 1979 when he was only 31 years of age. At that time, he needed a machine that would separate particles from air. He faced many challenges, one of them being that manufacturers rejected his idea, since they did not want his machine to interfere with the replacement dust bags market. In 2000, Dyson m anaged to launch the dual cyclone cleaner that used battery to operate. He later launched a washing machine with the ability to spin and almost dry clothes. These were some of his achievements after being rejected by other manufacturers (Bolton, 2004 pp 135, 136). Dyson portrays the spirit of a true entrepreneur, since entrepreneurship is about opportunities and risks in business. Successful entrepreneurs usually spot an opportunity especially where others