Professional Documents
Culture Documents
What are the seven (7) major themes that characterize entrepreneurs? Which are most important
the basic characteristics. According to (Spinelli & Adams, 2012), the seven major themes that
situation and find out their weakness. Good entrepreneur completes their commitment with
strong determination. They do not afraid of their personal reputation though they fail. An
entrepreneurs shows willingness to invest a substantial portion of his or her net worth in the
Courage
pain without being overcome by fear or being deflected from a chosen course of action. The
other scholars explain it as the ability to do somethings dangerous, or to face pain or opposition,
without showing fear (Sekerka & Baqozzi, 2007). In particular, courage is a character trait built
up by practice that allows one to persist willingly in the face of fear and pain for the sake of
goods ends.
Leadership
Leadership is taken as one of the main tools that characterize entrepreneur. Successful
entrepreneurs had ability to exert influence to others without formal power. They can know how
to lead and influence other to follow them (Ensley, Pearce, & Hmieleski, 2006). They know
when to use logic and when to persuade, when to make a concession, and when to exact one.
Successful entrepreneur doesnot back off their hands in conflict situation and able to think
critically to solve conflict. The entrepreneur had learned skills from their experience to hold
their third parties such as customer, supplier, the financial broker, and creditors to operate their
venture smoothly.
Opportunity Obsession
Successful entrepreneurs look towards market based opportunity and gives less
importance to the money, resources, contacts and appearances. In others, the entrepreneur value
opportunity first and cash last. Even though entrepreneur had highly successful venture, they
will start up another company. Just like artist, scientist, athlete, or musician sacrifice their
personal life in order create new history, entrepreneur search another opportunity for business
Successful entrepreneur had capacity to tolerate risk, ambiguity and uncertainty. They
can calculate risks and put their reputations on the line. They can minimize negative reactions of
exhaustion and frustrations and increase motivation of their people in work performances. Good
entrepreneur manages their stress and help their follower to hander difficult situation in the
organization.
Successful entrepreneur has the ability to look forward about their ventures goal. They
can easily adapt to changing environment to take first mover advantages in market. They dont
afraid of failing but able to learn from the mistake and motivate other to take initiate in
innovation.
Motivation to Excel
entrepreneur able to understand their own strengths and weakness and their other partners and
Among these seven, Opportunity obsession, tolerance to risk, ambiguity and uncertainty,
Such type of entrepreneurs is encouraged themselves from growing uncertainty market. Before
the people become an entrepreneur can work in other people jobs to understand how the CEO,
managers make decision, implement new product. Also, the people can understand how the
management of existing firms treated the subordinate and employee of the firms. Such
information helps the entrepreneur to know the lack valuable to grab opportunities and develop
themselves to become that characteristic of entrepreneur and fill the gap exists in the firms.
References
Ensley, M. D., Pearce, C. L., & Hmieleski, K. M. (2006). The moderating effect of
Sekerka, L. E., & Baqozzi, R. P. (2007, April). Moral courage in the workplace: Moving to and
from the desire and decision to act. Business Ethics, 16(2), 132-149.
Spinelli, S., & Adams, R. (2012). New venture creation. New York: McGraw-Hill.