Influences and Characteristics of Entrepreneurial Behavior Essay

Management skill and strong team building abilities atomic number 18 often perceived as essential leadership associates3 for successful entrepreneurs. Robert B. Reich considers leadership, vigilance 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 political Economy.Psychological studies show that the psychological propensities for male and female entrepreneurs are to a greater extent similar than different. A growing body of work shows that entrepreneurial behaviour is dependent on fond and economic factors. For example, countries with healthy and diversified wear markets or stronger safety nets show a more favorable balance of opportunity-driven rather than necessity-driven women entrepreneurs. Empirical studies suggest that male entrepreneurs possess strong negotiating skills and consensus-forming ab ilities.enquiry studies that explore the characteristics and disposition traits of, and curves on, the entrepreneur give up come to differing conclusions. Most, however, agree on certain consistent entrepreneurial traits and environmental influences. Although certain entrepreneurial traits are required, entrepreneurial behaviours are also dynamic and influenced by environmental factors. Shane and Venkataraman (2000) represent that the entrepreneur is solely concerned with opportunity recognition and exploitation, although the opportunity that is treasure depends on the type of entrepreneur while Ucbasaran et al. (2001) argue there are many different types contingent upon environmental and personal circumstances.Jesper Srensen has argued that round of the most signifi tummyt influences on an individuals decision to beget an entrepreneur are workplace peers and the social composition of the workplace. In researching the likeliness of becoming an entrepreneur based upon workin g with former entrepreneurs, Srensen discover a correlation between working with former entrepreneurs and how often these individuals arrest 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 come to to innate traits such as extroversion and a proclivity for risk-taking. harmonise to Schumpeter, the capabilities of innovating, introducing in the altogether technologies, increasing efficiency and productivity, or generating parvenue products or services, are characteristic qualities of entrepreneurs.Entrepreneurs are catalysts for economic change, and researchers argue that entrepreneurs are highly fictive individuals with a tendency to imagine new solutions by determination opportunities for meshing 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 make up entrepreneurs so distinctive (Nicolaou and Shane, 2009).However, there are also critical perspectives that attri moreovere 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). variety of entrepreneursA. found on functional characteristics1. Innovative entrepreneur such(prenominal) entrepreneurs make new goods or new methods 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 wear upont innovate,they copy technology or technique of others.1. EX Chinese mobiles.3. Fabian entrepreneur Such entrepreneur display grates situation and scepticism in experimenting with any change in their enterprise. They change only(prenominal) 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 in time be prepared to suffer the losses. 1. EX Acc. To MC Kinsey in 2015, 110-130 one million million mountain will be unemployed out of which 90-100 million people will be Fresher.editB. Based on development angle1. kick mover This entrepreneur sets in motion a powerful order of development expansion and diversification of business. 1. EX Ambani 2. Mana ger such an entrepreneur 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 nut-bearing 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 advisor Customer is right and we must do everything to please him because company is built by advisors and advisors become customer focused. 3. The superstar All depends upon the charisma and on the high competency of the superstar CEO. 1. EX Richard Branson (400 cos/virginal coin), Larry Page (Google), Lt. Steve Jobs (Apple), Ratan Tata (Tata son s). 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 teentsy focused on reality. 1. EX Jack Welch (GE), Bill Gates (Microsoft), Kishore Biyani (Future Group), rabbit warren Buffet (Berkshire Hathaway), Sam Walton (Wall Mart). 6. The analyst More focused on jam 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 marvellous will and ability to lead the world and your business through challenges. 9. The healer They provide nurturing harmony to their business, they have uncanny abilities to survive and persists inner c alm. 1. EX Dr. Bindeshwar 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.