"This is the true joy in life - the being used for a purpose recognized by yourself as a mighty one." - George Bernard Shaw

Of late the print media seem to cover quite a few columns on entrepreneurship. Yesterday's ET has two big columns on this subject - one showcasing three entrepreneurs who dared to not follow the typical B-school crowd mentality, and the other attempting to explore a seemingly ridiculous question on whether one can be taught to become an entrepreneur. This debate cannot be dismissed as a purely academic one for if entrepreneurship can be learnt as a discipline, then it is bound to change the whole paradigm of business.

Today, there is enough literature that identifies typical attributes of an entrepreneur. In fact there are psychometric tests, such as Entrepreneurial Attributes Scale, that could be used to identify whether one has successful entrepreneurial attributes -  high level of drive and energy, self confidence, calculated-risk taking ability, readiness to learn from ones own mistakes and ability to visualize way-ahead. Now the question is whether these attributes can be imbibed in. Or can we categorically say that someone is born with these traits? If these attributes can be taught as a formulas, then is a B-School the right place? Is it not too late to learn these attributes, most of which are soft skills?

On one end of the spectrum, plethora of theories and evidences have been put forth that essentially says that it is absurd to expect to learn being an entrepreneur. However, in citing world's most successful entrepreneurs such as Bill Gates and Steve Jobs, and Indian success stories of Ambani or Dabbawalas, the argument falls into the trap of "Fallacy of biased sample" or what in psychology is termed as a "Confirmation bias".

The most repulsive argument comes when one cites numerous entrepreneurs who have emerged in the developing countries owing to the availability of capital through micro-credit. This calls for a more comprehensive review of two kinds of entrepreneurship - "Necessity based" and "Opportunity based". Are the self-employed bunch essentially entrepreneurs? If so, are the millions of Indians, unlike in the west, born entrepreneurs and hence don't need to be taught the same in a school setting?

Well, while much needs to be researched on teaching this discipline at MBA level, it might be worth noting that occasionally even best of the B-schools might falter and produce people of the George W Bush's (Harvard'75) caliber! Do we draw any conclusions from the Fortune magazine's 1999 article on "Why CEOs fail?" that states that 40% of failed CEOs were MBAs?

For now, time shall speak if like in Science, someday we have Newton's laws of entrepreneurship. Can schools impart confidence if not competence for budding entrepreneurs?

~ Santosh

 


Comments

Thank your for sharing useful purchasing ideas with us. Christian louboutin sale store mainly sales cheap exquisite christian louboutin 20 years. All our red buttoms heels are 2012 most popular studs footwear christian louboutin 2012. No matter how long it pasted, I do trust the leader position of christian louboutin ankle boots in fashion world will never change. Stylish and special christian louboutin bags not only make women more charming and eglegent, but also show mens unique charms and personal style fully. Our online shop supply you christian louboutin evening with new arrive, top quality and discount price. So 2012 christian louboutin flats studded bridal shoes must be your best choice for wedding. No matter you live in any place in the world including uk, you can buy free shipping christian louboutin high boots shoe or men flats on our website, we will send those red bottom shoes with 3-8 days fast delivery christian louboutin pumps, christian louboutin sandals outlet have no custom tax, accept dropship, so what are you waiting for christian louboutin slingback? http://www.christianlouboutinsalesaustralia.com/
WYF

Reply
08/16/2012 19:54

http://www.fakeraybansn.com/

Reply
08/19/2012 23:15

Fashion seasons come and go just like the regular ones. You should always try to be up to date with the latest styles of barbour jackets. Which barbour jacket is the best choice for the coming season? Our barbour sale uk shop is absolutely the best place for you to get the newest and great jacket with big discount. In barbour online store, you can see that a wide array of colors and styles mens barbour jackets and womens barbour jackets are available for you. Each of barbour jacket in our barbour store would give you a gorgeous appearance that is hard to come by. So what are you still waiting for? Come to get the cheapest barbour jacket for yourself! In barbour uk, barbour sale jackets combine the best of classic and contemporary design. They mix innovative materials with craftsmanship and attention to detail. Our barbour online shop would offer your whatever you need to go about your life with confident.
http://www.barbourjacketsshop.net

Reply
08/21/2012 02:17

Attention, please. Good coast are here. Get your [url=http://www.womendressuk.biz]coast clothing[/url], [url=http://www.womendressuk.biz]coast dresses[/url] and [url=http://www.womendressuk.biz]coast dress[/url] from the coast online. There are [url=http://www.womendressuk.biz]occasion wear dresses[/url], [url=http://www.womendressuk.biz]cheap bridesmaid dresses uk[/url] and [url=http://www.womendressuk.biz]Coast Bridal Dresses[/url] for you. The [url=http://www.womendressuk.biz]occassion dresses[/url] and [url=http://www.womendressuk.biz]Coast One Shoulder Dress[/url] are good, too. All with good quality. You should go.
http://www.womendressuk.biz

Reply

All the points have been covered.

Reply

It's clever of you to use a topic sentence at the beginning of a Para.

Reply
12/16/2012 23:11

In winter, people are enthusiastic about the <strong><a href="http://www.northfacejackets-saler.com/">Cheap North Face Jackets</a></strong>. They think north face jackets can give them warm and comfortable feeling. These reasons lead to the business of <strong><a href="http://www.northfacejackets-saler.com/">North Face Outlet</a></strong> is very well. But even these changes do not go far enough for some. They not only need north face jackets, but also need <strong><a href="http://www.chicago-bulls-snapback.com/">Chicago Bulls Hats</a></strong>. It can make people more fashionable. Sometimes, <strong><a href="http://www.chicago-bulls-snapback.com/">Chicago Bulls Snapback Hats</a></strong> is a better choice. It can bring people intense emotion. So dress collocation is an art!

Reply



Leave a Reply


Development and Growth Blogs - Blog Catalog Blog Directory