Influences and Characteristics of Entrepreneurial Behavior Essay

Management skill and strong team building abilities be often perceived as essential leadership holdings3 for successful enterprisers. Robert B. Reich considers leadership, caution ability, and team-building as essential qualities of an entrepreneur. This concept has its origins in the work of Richard Cantillon in his Essai tire la Nature du Commerce en (1755) and Jean-Baptiste Say4 in his Treatise on semipolitical Economy.Psychological studies show that the psychological propensities for male and female entrepreneurs argon more(prenominal) similar than different. A growing body of work shows that entrepreneurial way is dependent on well-disposed and economic factors. For example, countries with healthy and diversified labor party markets or stronger safety nets show a more favorable symmetry of opportunity-driven rather than necessity-driven women entrepreneurs. Empirical studies suggest that male entrepreneurs possess strong negotiating skills and consensus-forming abiliti es. search studies that explore the characteristics and personality traits of, and mildews on, the entrepreneur take a shit come to differing conclusions. Most, however, agree on certain consistent entrepreneurial traits and environmental influences. Although certain entrepreneurial traits ar required, entrepreneurial behaviours argon also dynamic and influenced by environmental factors. Shane and Venkataraman (2000) implore that the entrepreneur is solely concerned with opportunity recognition and exploitation, although the opportunity that is prize depends on the type of entrepreneur while Ucbasaran et al. (2001) argue in that location are many different types contingent upon environmental and personal circumstances.Jesper Srensen has argued that some of the most signifi trickt influences on an individuals decision to mother an entrepreneur are workplace peers and the social composition of the workplace. In researching the likeliness of becoming an entrepreneur based upo n working with former entrepreneurs, Srensen find a correlation between working with former entrepreneurs and how often these individuals exit entrepreneurs themselves, compared to those who did not work with entrepreneurs.5 The social composition of the workplace can influence entrepreneurism in workplace peers by proving a possibility for success, causing a He can do it, why cant I? attitude. As Srensen stated, When you meet others who have gone out on their own, it doesnt seem that crazy. 5Perception of entrepreneursThe ability of entrepreneurs to innovate is thought to meet to innate traits such as extroversion and a proclivity for risk-taking. harmonize to Schumpeter, the capabilities of innovating, introducing natural technologies, increasing efficiency and productivity, or generating sunrise(prenominal) products or services, are characteristic qualities of entrepreneurs.Entrepreneurs are catalysts for economic change, and researchers argue that entrepreneurs are highly seminal individuals with a tendency to imagine new solutions by decision opportunities for derive or reward.6 Largely due to the influence of Schumpeters heroic conceptions of entrepreneurs, it is widely maintained that entrepreneurs are unusual individuals. In line with this view, there is an emerging research tradition investigating the genetic factors that are perceived to afford entrepreneurs so distinctive (Nicolaou and Shane, 2009).However, there are also critical perspectives that attri entirelye these research attitudes to oversimplified methodological and/or philosophical assumptions (Gartner, 2001). For example, it has been argued that entrepreneurs are not that distinctive, but that it is in essence unrealistic preconceptions about non-entrepreneurs that maintain laudatory portraits of entrepreneurs (Ramoglou, 2011). mixed bag of entrepreneursA. ground on functional characteristics1. Innovative entrepreneur such(prenominal) entrepreneurs introduce new goods or new m ethods of production or discover new markets or reorganize the enterprise. 1. EX new product, new ways of product, new markets and reorganise the enterprise. 2. Imitative or adoptive entrepreneur Such entrepreneurs take overt innovate,they copy technology or technique of others.1. EX Chinese mobiles.3. Fabian entrepreneur Such entrepreneur display grates situation and incredulity in experimenting with any change in their enterprise. They change wholly when there is a serious threat to the very existence of the enterprise. 4. Drone entrepreneurs Such entrepreneurs are characterised by a diehard conservatism and may even out be prepared to suffer the losses. 1. EX Acc. To MC Kinsey in 2015, 110-130 billion battalion will be unemployed out of which 90-100 million people will be Fresher.editB. Based on development angle1. bang mover This entrepreneur sets in motion a powerful date of development expansion and diversification of business. 1. EX Ambani 2. Manager such an entrepren eur doesnt initiate expansion and its content in just staying in business. 3. Minor innovator This entrepreneur contributes to economic progress by finding better use for existing resources. 1. EX minimum wastage maximum production.4. send This entrepreneur assumes a suppliers role and slowly move towards a productive enterprise. 5. Local trading such entrepreneur limits his enterprise to the local market.C. Based on entrepreneurs business1. Manufacturing2. Wholesaling3. Retailing4. ServiceBased on personality traits1. The improver They have unwavering to run these businesses with high integrity and ethics. 2. The adviser Customer is right and we must do everything to please him because company is construct by advisors and advisors become customer focused. 3. The superstar All depends upon the charisma and on the high aptitude of the superstar CEO. 1. EX Richard Branson (400 cos/ virtuous coin), Larry Page (Google), Lt. Steve Jobs (Apple), Ratan Tata (Tata sons). 4. The artists Are highly creative type, very assured about business. If feedback is constructive i.e. positive than also lets go with negative self-image. 1. EX Aamir Khan, Michael Dell (Dell), MC Cormich (EMI).5. The visionary Too focused on dreams with itsy-bitsy focused on reality. 1. EX Jack Welch (GE), Bill Gates (Microsoft), Kishore Biyani (Future Group), warren Buffet (Berkshire Hathaway), Sam Walton (Wall Mart). 6. The analyst More focused on haunt problems in a systematic way. 1. EX Gordon Hore (Intel), Rana Kapur (Yes Bank), Gautam Adani (Adani Groups) 7. The fireball A business owned and operated by a fireball is full of life, energy and optimism. They have A get it done attitude in a playful manner. 1. EX Malcolm Forbes Forbes magazine8. The hero Have an incredulous will and ability to lead the world and your business through challenges. 9. The therapist They provide nurturing harmony to their business, they have uncanny abilities to survive and persists inner calm. 1. EX Dr. B indeshwar Pathak (Sulabh International), Kumar Manglam Birla (Son of L.M Birla). 1. The Opportunistic take advantage of opportunities as they occur. 1. EX Mark Zuckerbergtheory-based TypologiesRecent advances in entrepreneur researcher indicate that the differences in entrepreneurs and the heterogeneousness in their behaviors and actions can be traced back to their the founders identity. For instance, Fauchart and Gruber (2011) have recently utilized social identity theory to illustrate that entrepreneurs can be distinguished in three main types Darwinians, Communitarians and Missionaries. These types of founders not only diverge in fundamental ways in terms of their self-views and their social motivations in entrepreneurship, but also engage fairly differently in new firm creation.