Comprehensive Understanding of Psychological Traits in Entrepreneurial Achievements Through Insights from the Strategic Way

Abstract

The purpose of the study is to recapitulate the psychological traits that play a crucial role in either the success or failure of entrepreneurs with the case study of Elon Musk and Elizabeth Holmes. Through the sacrifices of presently successful entrepreneurs, this work points out specific psychological traits such as swinging in the risks, resilience, vision, and ethical character that give the business the edge. The strategic vision, gamete behaviour, and integrity Elon Musk displays at Space X and Tesla are manifestations of these characteristics combined with responsible business ethics and future thinking skills. Whereas Elizabeth Holmes, the CEO of Theranos, refers to specific forms of leadership destruction of empathy, authenticity, and teamwork that caused severe business and moral misconduct. This analysis provides critical and essential psychological and ethical frameworks and backbones that either give way for or break down entrepreneurial success; therefore, our aspiring and current entrepreneurs have a lot to gain from it.