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Analysis Of Robert Herjavec's Five Factor Model Of Personality

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The purpose of this paper is to analyze and relate Robert Herjavec’s personality to the openness to experience dimension in the five factor model of personality. I will begin by introducing who Robert Herjavec is as a successful entrepreneur, and then I will explore his business career and some of the highlights in his life over the years. I will then describe the five factor model of personality and analyze the openness to experience dimension. I will introduce a few studies that show the characteristics associated with the openness to experience dimension has been shown to have a significant correlation to successful individuals in the business world. Lastly, I will relate the openness to experience components that have been analyzed to …show more content…

The five factor model is also called the big 5 model because the five trait dimensions used in the model are a comprehensive set of personality traits for the normal human adult (Weiner & Greene 2008). The five trait dimensions within the model are the most agreed upon set of traits because of the vast amount of empirical support, and the five traits are considered to be consistent over-time, and consistent across cultures (Bagby & Widiger, 2018). The five traits are emotional stability, extraversion-introversion, openness to experience, agreeableness, and conscientiousness (Nies & Zacher, …show more content…

One element of an entrepreneur’s openness to experience is their strength in searching for novel and productive ways of doing things. This element is important in entrepreneurs because they are required to recognize new opportunities, create a business from the ground up, take ongoing risks, and enter into new markets with innovative products and/or services (Slavec, Drnovsek & Hisrich, 2017). Entrepreneurs are constantly looking for new ideas to launch for a new business or product, and are involved in decision making and problem solving. All of these activities require being creative and open to taking on new experiences and risks in order to make their company succeed and

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