This question has been the focus of significant research and debate that is entrepreneurial ability inherent in all of us? Does it require some external shock to awaken it? Can we identify the traits and can they be taught? Shine (2010) In his book “discusses how your genes influence your work interests, work values, decision making, risk taking, management style, approach to leadership, creativity, entrepreneurship and work performance. Shame’s conclusions were primarily based n the findings of studies of the twins, which has long been the favored method of separating hereditary traits from environmental Influences.
Sensation seeking, for example, Is a personality trait believed to be related with entrepreneurship. Shine and his colleagues studied over 3000 twins In U. K. And found “between 37 and 42 percent of the variance In tendency of people to engage In entrepreneurship Is accounted for by genetic factors……. Twine 31 and 46 percent of this variance was edited by psychological traits of sensation seeking” (Anomalous, Shine, Checkers and Specter, 2008, p 16).
These findings are not entirely surprising or new. Both popular beliefs and scientific evidences suggest biology plays a role what we become eventually. So are these studies show we are only the product of ‘nature? Dana (2001 ) argues that the Centenarians entrepreneur who creates an innovation is more likely to be born, whilst the Cankering entrepreneur who simply identifies an opportunity can be taught.
A common denominator between these two broader lactation’s of entrepreneurs is that the innovation, whether created or identified, is exploited for profit.
As a consequence training has to be tailored to the needs of entrepreneurs. A survey identifying the training and development methods most adapted to Quebec entrepreneurs showed the need for both lecture and participation (77%) and favored trade associations working with educational institutions (57%) (Grainier et al. , 1985).
Bill Bolton and John Thompson says, It is however believed that educational programs for entrepreneurs have their place in Ron/made ratio but still environment is an important parameter. Let me conclude with the statement of Bill Bolton and John Thompson “We are particularly concerned that such a standard text should be recommended that those who score 25 out of 103 in its Entrepreneur Quotient questionnaire should be advised You still have a chance. Go for it” Bolton, B. And Thompson, J. (2004), Entrepreneurs, Elsevier Buttonholer-Henchman, Oxford UK. Dana, D. 2001), Conflict Resolution, McGraw Hill Professional, 2001. Anomalous, N. , Shine, S. Checkers, L. Specter, T. (2008), The Influence of Sensation Seeking In the Heritability of Entrepreneurship, Strategic Entrepreneurship Journal 2 7-21. Shine, S. (2010), Born Entrepreneurs Born Leaders, Oxford University Press, awaken it? Can we identify the traits and can they be taught? Shine (2010) in his book separating hereditary traits from environmental influences. Sensation seeking, for example, is a personality trait believed to be related with entrepreneurship. Shine and his colleagues studied over 3000 twins in U.
K. And found “between 37 and 42 recent of the variance in tendency of people to engage in entrepreneurship is mediated by psychological traits of sensation seeking”.