A brief description of entrepreneurial traits and the respective literature.
The traits of entrepreneurs are, supposedly because of their mere complexity, a topic that catches the interest of many researchers. So far many thoughts and theories have been postulated. This part focuses on some of them to gain an understanding about what research knows so far about the entrepreneurial mindset.
Various researchers suggest that entrepreneurs underlie a variance of personality traits. These distinct them from others and is in the view of these researchers a major driver of entrepreneurial action such as opportunity identification. For instance the latter is viewed by Shane and Venkataraman (2000) as defining for entrepreneurship as they see it as the “the discovery and exploitation of profitable opportunities” (p. 217). Furthermore Wickham (2006) states that “the good entrepreneur is constantly searching for new opportunities. In effect, this means that they are never really satisfied with the way things are at any moment in time.” (p. 99). [...]
Inhaltsverzeichnis (Table of Contents)
- The Traits of Entrepreneurs
- Personality Traits
- Environmental Dimensions
- Cognitive Processes
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper explores the multifaceted nature of entrepreneurial traits, aiming to provide a comprehensive understanding of the characteristics that distinguish entrepreneurs from other individuals. It delves into various research findings and theories, examining how personality, environmental factors, and cognitive processes contribute to entrepreneurial success.
- Personality Traits and Their Influence on Entrepreneurial Action
- Environmental Factors Shaping Entrepreneurial Skills
- Cognitive Processes and Entrepreneurial Decision-Making
- The Role of Opportunity Identification and Exploitation
- The Impact of Heuristics and Biases on Entrepreneurial Thinking
Zusammenfassung der Kapitel (Chapter Summaries)
- The Traits of Entrepreneurs: This chapter introduces the concept of entrepreneurial traits and explores various theories and research findings related to personality, environmental factors, and cognitive processes. It highlights the importance of opportunity identification and exploitation in entrepreneurial success.
- Personality Traits: This section delves into the "Big Five" model of personality traits and its relevance to entrepreneurship. It discusses how different personality traits, such as openness, conscientiousness, and extraversion, can influence entrepreneurial behavior.
- Environmental Dimensions: This section examines the role of environmental factors in shaping entrepreneurial skills. It explores how factors like education, employment, family background, and societal culture can influence entrepreneurial activity.
- Cognitive Processes: This section focuses on cognitive processes and their relevance to entrepreneurial traits. It discusses how entrepreneurs perceive the world, solve problems, and approach tasks, highlighting the importance of creativity, entrepreneurial alertness, and pattern recognition.
Schlüsselwörter (Keywords)
Entrepreneurial traits, personality traits, environmental factors, cognitive processes, opportunity identification, opportunity exploitation, heuristics, biases, entrepreneurial alertness, pattern recognition, cognitive style, cognitive strategy.
- Quote paper
- Felix Zappe (Author), 2017, Exploration of the traits of entrepreneurs in order to raise awareness for a self-assessment, Munich, GRIN Verlag, https://www.grin.com/document/358197
