Are Enterprenuers Born or Bred - a Potentia Primer
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Submitted By akinari626 Words 2564 Pages 11
Are Entrepreneurs Born or Bred?
Academics currently debate whether entrepreneurs are born or do they develop with the help of their environment. It is a big debate today and the reason is simple. Governments and think tanks today are struggling with this question because entrepreneurial creativity and innovation leads to a phenomenon at the centre of any economic theory - job creation. Governments want to know whether entrepreneurs can be trained and if they can, what can the government do to advance those skill sets in the systems. If entrepreneurs are born, then what are the factors which influence it? Is good milk and honey the answer?
To date there has been no solid, widely applicable correlations between successful entrepreneur and personality traits, which are fixed. However, much is written and known about the behaviour of hundreds of successful entrepreneurs, no theory proves to highlight a particular personality trait of these successful people which can be described as key to their success. Where we read that Virgins Branson’s mother raised them to be “self reliant and responsible…taking control of their destiny”, the same Branson had to learn to use his network. As his magazine business grew, he came to rely on his childhood friend Powell. This turned out to be one of the most fruitful and calculated commercial marriages for Branson. Branson learnt that building a reliable team is as good as being self reliant.
Similarly to date there also hasn’t been a theory that proves that entrepreneurs can be trained like physicists or doctors. Can one learn to innovate? It is difficult to rationalise this notion. Let us assume first that we are rational beings. We take on a task because we believe we can handle it. We start a task because we think we have a very high chance of finishing it. If that is so then there is something different about Stevenson’s