Are Entrepreneurs Born or Not - 2062 Words

Research in the field of entrepreneurship has over the years increased, yet questions and consensus over issues in the field of entrepreneurship have yet to be answered or agreed upon. (Lazenby et al., pg. 2) Issues include the definition of entrepreneurship and whether or not entrepreneurs are born or trained. In this essay the arguments involved in defining entrepreneurs will not be analysed, but specific attention will be given to the argument on whether or not entrepreneurs are born or trained. According to Reynolds et al. (2000) entrepreneurs are people who have both the will (in other words, desire or motivation) and the skill (the ability) to project their ideas or schemes into the future, and, by backing their judgement with†¦show more content†¦These include: 1. good listening skills, 2. ability to play passionate advocate, 3. broad knowledge and education, 4. sound judgement, 5. ability to separate the important things from the unimportant, 6. ability to set priorities and focus on goals, 7. pleasant scepticism. (Anonymous, 2003, pg. 2) Herb stated that vision and the ability to inspirationally communicate it others are the most important abilities required by successful entrepreneurs. Therefore according to Herb, entrepreneurs are born and trained, and require a mix of these two to become successful. The natural born characteristics of an entrepreneur are the building blocks or foundations on which entrepreneurs can build upon. (Anonymous, 2003, pg. 3-4) Entrepreneurs are born by circumstance Ââ€" where there is hunger, where there is despair, where there is desire. (Chye, pg. 1) According to Brown (1999) some people are born entrepreneurs, with or without education they will succeed, whereas no amount of education can provide business success for someone that does not have the ‘entrepreneurial spirit . (Brown, 1999, pg. 3) Skills and characteristics that entrepreneurs require include: critical thinking, reliance on experience, venture feasibility analysis, venture strategy and evaluation skills, networking, deal-making and harvesting skills. (Brown, 1999, pg. 4) Hisrich and Peters (1998, pg. 20) categorize the various skills required by entrepreneurs as:Show MoreRelatedAre Entrepreneurs Born or Made1104 Words   |  5 Pagesï » ¿Are entrepreneurs born or made? Critically discuss. Introduction An entrepreneur is a person who sets up a business by taking on financial risks in hope to make a profit. The word entrepreneur stems from the French word entreprendrà © which means to undertake . A couple of examples are Lord Alan Sugar and Bill Gates. Lord Sugar is an entrepreneur worth  £800 million. He started by selling car aerials out of a van, he then set up his company, Amstrad which sold affordable hi-fi turntable coversRead MoreEntrepreneurs Are Born and Made2128 Words   |  9 PagesIntroduction Entrepreneurs are born not made There are two sides to every debate, and the what makes an entrepreneur argument has raged for decades with neither side able to conclusively prove their case. There are many who believe that an entrepreneur must possess personality traits such as vision, passion and drive that are innate and cannot be taught. Others argue that the skills of evaluating opportunities, motivating people and operating a business are easily passed on to eager studentsRead MoreEntrepreneurs Are Born and Not Made?1364 Words   |  6 PagesEntrepreneurs are born and not made An entrepreneur is ‘a person who has possession of a new enterprise, venture or idea and assumes significant accountability for the inherent risks and the outcome.’ So are entrepreneurs born? Or made? There have been many debates from businessmen to academics alike on whether entrepreneurs are born or made, but is it as straight forward as that? In this essay I will evaluate arguments both for and against this statement and conclude it with my own personal observationRead MoreAre Entrepreneurs Born or Made?2639 Words   |  11 PagesLaunching a New Venture | Are entrepreneurs born or made? | ID: 1011838 2011-3-19 Word Count: 2,438 | Introduction The term entrepreneur is not a recent invention. It was first coined in the eighteenth century by Richard Cantillon, who identified the risk-bearing function of an entrepreneur (Jennings et al. 1994). According to Morrison (1999 p30), entrepreneurs can be regarded as â€Å"first among equals in the process of wealth creation†. Moreover, entrepreneurs are presented as economic heroesRead MoreEntrepreneurs Are Born, Not Made1885 Words   |  8 PagesEntrepreneurs are Born, Not Made We all face with the high increased in new entrepreneurs recently, and from the past until this modern economy; an entrepreneur is playing an important role as a competitor in every single industry. 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These are the individuals that take risks to bring innovations, employment and new products to the economy. They provide an inspiration to millions who wish to try their luck at starting a successful business and to those who wish to become a natural at the entrepreneurial process. But can the qualities of an entrepreneur be taught or are they already in the genes that one is born with? This has been one of the longest-standing debatesRead MoreAre Entrepreneurs Born or Made? Critically Discuss Essay1823 Words   |  8 PagesAre entrepreneurs born or made? Critically discuss. The question of â€Å"Are entrepreneurs born or made?† has been an interrogative sentence for long as both confronting propositions are bolstered by sophisticated theories. Regardless of the perpetual fierce debate, my standpoint is that entrepreneurs are both born and made as these seemingly opposing ideologies are in fact coexisting with each other. This essay will attempt to critically discuss the authenticity of the above stance. The definitionRead MoreEssay on Entrepreneurs Are Born Not Made - What Do You Think?806 Words   |  4 Pagesâ€Å"ENTREPRENEURS ARE BORN, NOT MADE† What do you think? When we talk or debate about if the entrepreneurs are born or made, we need to think about what makes an entrepreneur, what are his objectives as an owner of a business, what should be his main skills and what kind of challenges and tasks he needs to face when running out a company. The word entrepreneur, originally from the French verb â€Å"entreprend†, means â€Å"to undertake†. An entrepreneur is the person who undertakes a business. He is someoneRead MoreMarc Andreessen : An American Software Engineer, Entrepreneur, And Investor Born869 Words   |  4 PagesMarc Andreessen, 43, is an American software engineer, entrepreneur, and investor born on July 9, 1971 in Cedar Falls, Iowa, United States (Curley 142). His father traded in seed, while his mother a worked with Lands’ End, a catalogue clothier. As early as when he was in the 6th grade, Andreessen was able to develop a program on a school computer, which helped him to do his math homework. In 1995, Andre essen created Netscape, a company that competed with Microsoft in the development of an internet