The paper "Entrepreneurs Born or Made" is a good example of business coursework. An entrepreneur is someone who commercializes on his or her innovations. In order for one to be an entrepreneur, they must make certain in innovation in the market and commercialize on it (Ramoglou, 2013). The innovations could be in the form of a new product or service. Innovation may also be based on an existing product or service and it should not be a modification. Most of the people who are innovators are not entrepreneurs since they do not commercialize on the innovations.
This, therefore, brings about the question of whether the entrepreneurs are made or born. Some of the entrepreneurs have a high level of education but some are school dropouts. The founder of Microsoft had to quit college and he ended up as one of the most powerful entrepreneurs. Other entrepreneurs like Richard Branson, Alan Sugar, and Theo Paphitis all dropped out of school at the age of 16. The fact that most entrepreneurs dropped out of school seems to support the idea that entrepreneurs are born and not made.
This is also considering that they were not mentored by anyone to become entrepreneurs. Despite their little education, they were also able to succeed where most of the highly educated people have failed. However, there are also entrepreneurs who are highly educated and left permanent employment to venture into entrepreneurship. Some employees have also left their jobs after working for sometimes to pursue entrepreneurship opportunities. Aligning skills and passion is however common for most of the entrepreneurs (Yecies, 2012). This is also considering that most of the entrepreneurs are always passionate about what the do.
Other people have also ended up becoming entrepreneurs after losing passion in their jobs or employment. Some individuals have also been mentored by the entrepreneurs and have ended up as great entrepreneurs. The paper critically looks at whether entrepreneurs are born or made. Discussion Entrepreneurs play an essential role in contributing to the economy of a country. Because of entrepreneurship, thousands of people have been employed and they benefit directly from entrepreneurs. It is also important to note that a single entrepreneurial venture can employ thousands of employees.
This has led to the establishment of entrepreneurial education for the purposes of enabling people to study entrepreneurship and become great entrepreneurs (Rodrigues, et al, 2012). However, although thousands of students have undertaken entrepreneurship studies only a handful end up becoming entrepreneurs. This is an indication that entrepreneurs are not necessarily made. Most of the professors who have great entrepreneurship knowledge and skills are not entrepreneurs themselves. This is an indication that entrepreneurship knowledge and skills are not enough to make individuals entrepreneurs. Some of the most successful entrepreneurs did not complete their education and did not undertake any entrepreneurship education.
This further indicates that entrepreneurs are not necessarily made as compared to other professionals or career where the knowledge must be gained from education or training. Most of the successful entrepreneurs have also used their own personal knowledge and experience without undergoing training. It is the entrepreneurs who are successful that end up mentoring the educated individuals to become entrepreneurs. The genetic predisposition of the entrepreneurs cannot be considered as a factor that on its own produces entrepreneurs.
This is considering that most of the successful entrepreneurs are from a humble background with little or no history of family members engaging in entrepreneurship.
List of References
Ramoglou, S, 2013, Who is a ‘non-entrepreneur’? Taking the ‘others’ of entrepreneurship seriously, International Small Business Journal, 31(4), 432-453.
Rodrigues, R. et al, 2012, The effect of an entrepreneurial training programme on entrepreneurial traits and intention of secondary students, Entrepreneurship–Born, made and educated, 77-92.
Yecies, L, 2012, Are Entrepreneurs Born or Made. Views from the Life of a “Made” Entrepreneur, ForbesLife.
Casati, A., & Genet, C, 2014, Principal investigators as scientific entrepreneurs, The Journal of Technology Transfer, 39(1), 11-32.
Baum, J, et al, 2014, The psychology of entrepreneurship, Psychology Press.
Shane, S, 2010, Born entrepreneurs, born leaders: How your genes affect your work life, Oxford University Press.
Neck, H, & Greene, P, 2011, Entrepreneurship education: known worlds and new frontiers, Journal of Small Business Management, 49(1), 55-70.
Berglund, K, & Holmgren, C, 2013, Entrepreneurship education in policy and practice, International Journal of Entrepreneurial Venturing, 5(1), 9-27.