Entrepreneurship: A Very Short Introduction by Paul Westhead & Mike Wright

Author:Paul Westhead & Mike Wright [Westhead, Paul & Wright, Mike]
Language: eng
Format: epub
ISBN: 9780199670543
Publisher: Oxford University Press
Published: 2013-01-15T07:00:00+00:00

Chapter 5 Entrepreneurial thinking and learning

Early research into what made an entrepreneur took the position that an individual’s possession of a particular personality trait or particular traits predisposes them towards enterprising behaviour. Several personality traits explored in entrepreneurship studies are summarized in Table 15. However, studies that have attempted to build personality profiles of people who intend to become entrepreneurs, entrepreneurs who have started a business, and entrepreneurs who run successful ventures suggest that entrepreneurs exhibit some, but not all, of the following positive personality traits: risk-taking propensity, strong need for achievement, high tolerance for ambiguity, and or high internal locus of control. We define and discuss below the effectiveness of these traits in identifying entrepreneurs.

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