3301_S02_08-28-13

Vity risk taking demographics social networks age

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Unformatted text preview: ontrol one’s des?ny Opportunity iden?fied and recognized Access to capital, individuals or organiza?ons to facilitate start- up •  Dissa?sfac?on at work, job insecurity, downsized •  Compulsion to follow a dream, to see inven?on applied •  Desire for financial rewards •  •  •  •  •  •  Present Lifestyle Catalyst New Enterprise ü༏ Desirable ü༏ Possible Characteris?cs of Successful Entrepreneurs Four Primary Characteris?cs What is an entrepreneur? •  Two possible approaches to categorizing: – A[ributes •  An entrepreneur is someone who possesses a[ribute X – Behavioral/func?onal •  An entrepreneur is someone who does Y – So what are X and Y? 11 A[ribute Approach The Entrepreneurial Mind in Ac?on •  Psychological Traits – Intelligence, extraversion, desire for control, need for achievement, social competence, crea?vity, risk- taking •  Demographics – Social networks, age, marital status, parental influences, work experience, educa?on, income level, social status •  Are these a[ributes necessary? •  Successful entrepreneurs have a wide range of personality types – Research has considered gene?cs, family, educa?on, career experience, etc., but no single psychological model of entrepreneurship has been supported. •  Acquired skills are more important that specific inherent traits 12 13 2 8/28/13 What Does it Take to Succeed as an Entrepreneur? Leadership and Human Behavior •  But, venture capitalists, investors, and entrepreneurs agree that the venture will depend to a large extent upon the talent and beh...
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