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Entrepreneurial Learning - Essay Example

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This paper "Entrepreneurial Learning" discusses entrepreneurial behavior that is highly related to the individual disposition and more importantly to the individuals’ life experiences that either prompt entrepreneurship or hamper such an orientation (Rae and Craswell, 2000)…
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Entrepreneurial Learning
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Download file to see previous pages Focusing on those life experiences that actually ‘get in the way’ of entrepreneurial activities, it needs to be stressed that there are several ways in which learning or knowledge that is gained through these experiences affect not only the personality characteristics or traits but predominantly the orientation of people toward engaging in risk-taking and opportunity leverage business behavior. There are actually two ways in which life experiences can refrain individuals from being entrepreneurs; the first way refers to the practical dimension of entrepreneurship whereas the second one refers to the theoretical underpinnings of entrepreneurship (the orientation of the individuals themselves). Within the practical framework, economic conditions and financial capabilities of people can indeed pose obstacles in adopting an entrepreneurial attitude. Given the fact that entrepreneurship entails to a great extend risk assuming situations, the necessary resources (with regards to costs) need to be available. In the opposite case, such life experiences can withdraw people from being entrepreneurs.

Moving on to the underpinning assumptions in terms of personalities and dispositions of entrepreneurs, life experiences that relate to lack of creativity or significantly hampered creativity due to suppressive cultural, religious or family environments can ultimately kill creative thinking or innovative thinking ng due to the narrowed perspectives offered during the learning stages of individuals. Another very important experience that can decline people from being entrepreneurs is also the employment or career experience that individuals have gained. If such experiences are rather negative and do not foster people’s willingness and eagerness to engage in more goal or performance orientation then they become obstacles for entrepreneurship.

In Magdalena’s case, her entire life was full of experiences pointing towards entrepreneurship. First of all, the three constantly changing cultural environments have eventually contributed to her widening her perspectives and building upon different cultural infrastructures in developing her personality and overall behavior. ...Download file to see next pagesRead More
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