Entrepreneurs Are Born and Made

Entrepreneurship is a term that has reentered the public vernacular over the last few years, many times in reference to what is wrong with America but what it means is rarely defined. Furthermore, it is generally agreed that more Entrepreneurship is a desirable trait but how to go about encouraging it is again a point of contention. This paper will address a specific facet of entrepreneurship and attempt to discover what are the key drivers to foster an entrepreneurial spirit from childhood.

A person’s personality and their eudemonia are what shapes a person’s life. However the reason behind these concepts are still debated as to whether they are affected by nature or by nurture. The Genetic Influences on Psychological Well-Being: A Nationally Representative Twin Study was a study led by Prof Timothy Bates in 2012. It was held at the University of Edinburgh and was held because they wanted to solve whether nature or nurture influenced a person’s eudemonia and personality. The study focused on personality traits which contribute to our chances of success in life. For example, how determined we are to succeed by overcoming challenges. The method used was to collect data from more than 800 sets of identical and non-identical twins. Then the 42-item Ryff Psychological Well-Being Scale was used to measure the psychological well-being. The result of the case was that nature is responsible

Have you ever wondered who thought about the idea of creating a multinational retail corporation here in America called Wal-Mart? Sam Walton - founder of Wal-Mart was behind that idea. Sam Walton is an example of great entrepreneur who wanted to make his business successful. An entrepreneur needs a variety of skills but does not need to have a formal education. Being an entrepreneur is challenging even if an individual is well educated on the field or has no education at all. There is always the risk conducting business because of the competition with other companies. However, what does an entrepreneur do? Do you have what it takes to be on top the business world and compete ? An entrepreneur must have is a guide to start and run a business even if it is a big or small business.

The nature vs nurture issue has been a controversial argument among psychologist for decades. This argument exposes two different views. One of them emphasizes that our personality depends solely on genetics (nature). On the other hand, the second view suggests that humans “develop through experience” (Myers 2013, SG 6) (nurture).

Gerber argues that anyone can become an entrepreneur and create a successful company, a departure from the conventional wisdom on the question of whether entrepreneurs are born or made. Using a frame work he calls the "Dreaming Room," Gerber identifies four dimensions of the entrepreneurial personality and recommends a pathway to conceive of and develop a small business.with focused attention and the intention of actually achieving something and understanding the market, your core customers, securing capital, preparing financials—those kinds of elements? Every one of those

The article was written by Sharon Begley, who is a science writer. It published on December 1, 2008, and it has been illustrated by Harry Campbell for Newsweek. We always think our personality is related to our genes, which is stable or cannot be changed. However, Begley assume we can change our personality as we grow up. It depends on environment and our parents. They both play a great role in shaping our personality.

What do entrepreneurs do that distinguishes them from any other person involved in business? Why is it that personality characteristics may be good predictors of who will be a successful entrepreneur?

Who a person’s parents or relatives are is already predetermined at conception. The traits that a child’s family have are going to be his/her traits simply because of genetics. According to the above study done on Croatian twins, genetic factors account for “stability in personality” from seventy-five to one hundred percent (Bratko and Butkovic 155). The researchers used genetic models to look into the differences between twins. They broke genetics into two sources in this study: additive genetic influences and nonadditive genetic influences. Bratko and Butkovic insinuated that, based on the findings of this project, heredity was mostly attributed to the steadiness of personality in the pairs of twins. In the novel Nature Via Nurture: Genes, Experience, & What Makes Us Human by Matt Ridley, a quote was attributed to Ralph Greenspan from his research on romance between fruit flies. He likened personality to this

Almost everyone in any related field has an opinion as to which is truly more important, nature or nurture. The director of a group called the Minnesota Study of Twins Reared Apart, Thomas Bouchard, believes that 70 percent of a person's personality is genetic and 30 percent is due to environment. The director of the Lewisville Twin Study, Adam Matheny, however, says it is 50-50.

To conclude I would cite the philosopher Ralph Waldo Emerson: “Do not go where the path may lead, go instead where there is no path and leave a trail.” Being an entrepreneur means being able to go where nobody else went before you, being able to take risks, being able to see opportunities where nobody has looked before you… In my mind there is different ways to succeed in

Personality may be based on many factors. It may be based on innate or learned experience, or latent or manifest. But, the focus of this essay will be whether a person's personality is based on the magnitude of genetic or an environmental influence. Personality can be divided into two categories, innate or acquired characteristics. Heritability is a statistical measure that expresses the proportion of the observed variability in a trait that is a direct result of genetic variability. Environmental influences can be divided into two classes, shared and non-shared environment. Both heredity and environment contribute to personality traits and that the degree of their individual contributions cannot be specified for any traits. Although a person's environment plays an important part in their personality development, heredity factors play a larger role in deciding disposition of this

First, in the chapter six assessment we learned about managing small business startups. This “Do You Think Like an Entrepreneur?” assessment measures the likelihood of me becoming an entrepreneur. The self-assessment questions to some aspect of improvisation, which is a correlate of entrepreneurial intentions. Entrepreneurial improvisation consists of three elements such as creativity, ingenuity, and the ability to produce novel solutions under constrained conditions. Successful entrepreneurs also have the ability to work well under pressure while also having action, persistence, and the determination to achieve goals and solve problems in the moment. Based on my personality, I would have assumed that I would was not fit to be entrepreneur because although, I am always

Over the years genetics has proven to be the fundamental component of human composition; it dictates a person’s hair color or eye color, but does the same apply to our own personality? People like to think that they alone are responsible for the actions they take, but recent studies has proved that, that very sentiment may not be true. Based on the experiment discussed in the article The Minnesota study of twins reared apart it can be concluded that genetic factors also known as genomes account for a vast majority of human characterises. The experiment used twins that have been separated at birth to determine whether or not environmental factors contribute to a person’s personality. According to the study the physiological, personality, psychological interests, and social attitudes were almost identical even though they were raised in different environments. The only characteristics that differentiated were there intelligence. Based on this there are many questions that may arise such as, does our parents genetics really determine our personality or our behaviours? What about where we group up, does that influence our behavior? Or, should we just give up, and say we are genetically programed to think and behave the way we do? What about our intelligence, does that come from our parents? This paper will address those questions and discuss: environmental factors and there relation to personality, the relation

There has been extensive research conducted on the characteristics that successful entrepreneurs possess. These attributes vary widely across literature, however there are common key traits that are required to achieve any form of success. Frederick et al (2013) suggest entrepreneurs are risk takers, optimistic, have sound judgement and an ability to manage. While a review of literature relating to the psychology of an entrepreneur reveals a large variety of characteristics in a successful entrepreneur, these can be consolidated to a a few into only a few traits that are essential for a successful entrepreneur. Whilst taking into

In order to become a successful entrepreneur, you have to be a highly motivated individual. It is important to have