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What Makes an Entrepreneur?

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Adolfo Serrato

on 9 October 2014

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Transcript of What Makes an Entrepreneur?

Chapter 3: What Makes an Entrepreneur?

old and new definitions
someone who undeertakes a signiant project or activity
individual who organizes, manages, and assumes the risks at at business or enterprise
Nature vs. Nurture
Scott Shane:
professor, wrote
The Illusion of Entrepreneurship
argues that entreprenurial traits are in our genes; DNA affects everything
certain personalities that make for better entrepreneurs
environment is responsible for that innate potential being realized.

family, friends, and schools affect people
encouraged into or discouraged from entrepreneurship by environment

http://blog.lib.umn.edu/clar0841/psychblog2012/ Nature_versus_Nurture.jpg

1. There is only one type of entrepreneurship.

2. A person can be genetically predisposed to be an entrepreneur.

3. Poorer countries have a higher level of entrepreneurship.


How many entrepreneurship courses are offered in the US?
A. 877
B. 2,200
C. 3,134
D. 1,000

Poor countries have high rates of entrepreneurship because of "necessity."
People forced into creating their own businesses.
Important for developing countries.
Rates of entrepreneurship in developed countries are lower.
"Opportunity entrepreneurs" make their own businesses just because they can.
Important for making advancements globally.
Forms of Entreprenuership
1) Social Entrepreneurship:
form in which individuals create social values that benefit society, as opposed to financial values

2) Intrapreneurship:
form in which individuals within a large corporation take direct responsibility for turning an idea into a finished product

3) Policy Entrepreneurship:
form in which individuals make innovations in public policy and management
Entrepreneurial Spirit
Sebastian Serrato, Evelyn Hobbs, and Abbey Lockhart
October 9, 2014
what makes an entrepreneur
courage, perseverance, creativity, etc.
Entreprenurial Activity and Spirit Gap
Other Factors
financial systems and policies
access to capital
social status of entrepreneurs
attitudes of society towards entrepreneurs
Entrepreneurship Education
way to increase entrepreneurship rates, but its value is questionable

skills can be taught, but not spirit

actually could decrease creativity and promote conformity

education system must help people see their potential and increase self-confidence
http://bookboon.com/blog/wp-content/uploads/2013/01/ shutterstock_96793303-1024x837.jpg
There will always be debate, but ultimately the entrepreneurial spirit comes from a combination of nature and nurture.
Network for Teaching and Entrepreneurship Video
3 Types of Economies
Factor-Driven: entrepreneurship by necessity; subsistence agriculture and collection of natural resources; sub-Saharan Africa

Efficiency-Driven: more industrialized economies; entrepreneurship to improve manufacturing; China, Russia, Brazil, Latin America, former Eastern Europe

Innovation-Driven: well-developed economies; entrepreneurship characterized by R&D; opportunity; U.S., Japan, Western Europe
Works Cited
Zhao, Yong. World Class Learners: Educating Creative and Entrepreneurial Students. Thousand Oaks, CA: Corwin, a Joint Publication with the National Association of Elementary School Principals, 2012. Print.
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