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Question 1 (500-700 words, 100 marks): A. To be successful in entrepreneurship and innovation as an employee or owner/manager of an enterprise, an individual needs

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Question 1 (500-700 words, 100 marks): A. To be successful in entrepreneurship and innovation as an employee or owner/manager of an enterprise, an individual needs to be aware of their personality traits, and how they fit in with their teams. This awareness is essential for an individual who aspires to be a leader-entrepreneur. Assess the previous statements using the Big five model of personality traits. (50 marks) B. Knowing oneself is an essential capability a leader is expected to develop over time. Leaders are not expected to be without weaknesses, but they need to be aware of these weaknesses. This long process of development is based on Practical Wisdom among other things. Referring to Nonaka & Takeuchi (2011) essential abilities for leading with practical wisdom, discuss with relevant examples the importance of practical wisdom in leading successful organisations. (50 marks)

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