As with many broad questions, seeking to answer the issue of whether or not entrepreneurs are born or whether or not they are made requires a great deal more research than one might necessarily expect. The entrepreneur, regardless of the definition or approach that will…
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However, it has been provided so that the individual analyst can interpret what an entrepreneur is necessarily espouses in the broadest sense. Harkening back to the question at hand, whether or not an entrepreneur is born or made, the analyst should consider the fact that the ultimate answer to this question is both, neither, and some mixture in between. Far from being a clever manipulation of words, it will be the express intent of this particular analysis to define how the entrepreneur requires skills that are inherent to some individuals, how other individuals can learn these, and how a synergy between the two types of individuals is ultimately possible. Through such an identification is the hope of the student that the reader will come away with a more informed interpretation of what the entrepreneur espouses and how individuals without a certain level of entrepreneurial spirit or “gift” can effectively navigate within this particular paradigm.
Firstly, it should be noted that as with any skill set that one learns in life, there are inherently individuals that are born to a natural level of talent in terms of being an entrepreneur. Some individuals have necessarily understood this to mean that the entrepreneur is with someone that is somehow genetically predisposed to be an effective entrepreneur and to gain a degree of notoriety and success in its accomplishment. However, flipping this argument on its head, the reader should note the fact that certain individuals are born with a certain proclivity to playing music, others with a certain proclivity to art, and still others with a certain proclivity to memorization etc. etc. However, this does not mean that educators, or the parents, should despair that their child will never be a musician, artist, etc., instead, it merely means that the educational process will need to be engaged at a further level of length and perhaps a further level of rigor in order for the
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The study seeks to analyze the statement, “Although ethnic entrepreneurship has been relatively well researched, the distinctions between the various ethnic groups make it difficult to construct an over-arching set of policies with regard to SME ethnic minority finance”.
This research will begin with the statement that entrepreneurship is a process of static growth of a thought which can lead to profit. An entrepreneur initiates innovation in order to increase the market potential which is significant for economic development. The most important characteristics of entrepreneurs are finding prospects and taking risks to gain benefits from them.
cash outflows and inflows, projection of the sales demand. Apart from that, the business plan is also critically evaluated using academic textbooks and journals to check the viability of the plan. The critical evaluation also involves analysis of the various assumptions made while preparing the business plan (Garnier and Gasse, 2011).
18) conjure up images of heroic efforts by entrepreneurs to transform their ideas and vision to reality and thus make successful changes. For most people, entrepreneur triggers mental images of some world renowned personalities like Bill Gates, Mark Zuckerberg, Larry Page, Steve Jobs and so on with certain aspirations of their fame and wealth they have reaped from their skills (Baron, 2012, p.
From this, it can be derived that an entrepreneur is "someone who perceives an opportunity and creates an organization to pursue it" (Bygrave & Hofer, 1991, p 14). Timmons, (1994) has identified three crucial driving forces of entrepreneurship, which include (i) the entrepreneur or founder, (ii) the recognition of opportunity and (iii) the resources needed to found the firm.
reneur can be described as a person who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying opportunities and assembling the necessary resources to capitalize those (Zimmerer & Scarborough, 2002).
Hence, it would be easier if there was prototype that reflected entrepreneurial personality. This prototype would help in identifying and separating entrepreneurs from the crowd. This approach has been known as the trait approach.
Zahra (1991) suggests that corporate entrepreneurship is actually creating a new business in existing firms as a means of enhancing profitability and to strengthen competitive advantages. In this context, CE should be defined as