What makes entrepreneurs entrepreneurial?

By Pachi | May 6, 2009

Came across this brilliant paper which points out the difference between the way entrepreneur thinks and works and the way an MBA would handle it.

The main difference I saw was in the approach, Entrepreneur would jump into action with little analysis, and make the market carve out a roadmap, there is not a huge timelag or investment that is put in before entering the market, whereas an MBA typically spends a lot of time and effort into market research, competition analysis and logically designs the best possible product.

The difference is the cost of failure. Entrepreneurial thinking reduces the cost of failure and at the same time tries to create blue oceans. Blue oceans, cannot help but be a result of entrepreneurial thinking.

Of course for the success of a venture, experience and technical knowledge is a must, be an entrepreneur or a MBA!

Check out this paper on “What makes entrepreneurs entrepreneurial?” by Dr.Saras D. Sarasvathy.

Related posts

Liked the post? Consider leaving a Comment and Subscribing to Arbit Blog by Email

24 Comments so far
  1. Pavan Kumar H. May 30, 2009 10:40 am

    I chanced upon your blog and found it very informative. The event blogs are striking enough to have a feel of the event, so, I would like to have a little chit-chat on your blogging interests. And even we are coming up with an event on startups on June 6th. So, can I have your contact details? Looking forward to hear from you.

  2. OJAS May 30, 2009 11:41 am

    I read your blog and found it very informative. The event blogs are striking enough to have a feel of the event, so, I would like to have a little chit-chat on your blogging interests. And even we are coming up with an event on startups on June 6th. So, can I have your contact details? Looking forward to hear from you.
    Contact me at ojas@siliconindia.com

  3. samartha August 20, 2009 11:04 pm

    Couldn’t agree more. Entrepreneurship is about risk taking, while the MBA course teaches you to manage risk, and not take risks. The mindset of ‘an MBA’ is many ways fundamentally opposed to risk taking. MBA’s are great at managing enterprises, and not necessarily at starting enterprises ..

    my 2 paise ..

  4. meandthecomputer September 10, 2009 11:54 pm

    Interesting post. My own take is that entreprenuers are leaders and artists while MBAs are about maintaining the status quo and management.

  5. hdmi cables October 16, 2009 1:08 am

    I must say that your logic is very good indeed .. :)

  6. Holistic addiction treatment October 29, 2009 3:07 pm

    Nice blog, with very interesting articles..i enjoy reading them.

  7. used rv for sale November 2, 2009 7:29 pm

    I remember hearing her speak on television about the name of her company, The Body Shop. People thought she was “dealing with dead people,” as though the company was a funeral parlor.

  8. used rv for sale November 2, 2009 7:29 pm

    Entrepreneurial qualities for success in present times are to be practical, go getter, leader by self examples and motivator for rest of his team, stakeholders and authorities.

  9. Celeste December 9, 2009 3:56 pm

    Thank you for the great post!

  10. FlyShark April 9, 2010 5:58 am

    Great post! I just subscribed to your RSS feed. Thanks!

  11. London April 16, 2010 6:45 pm

    Very good artical. I didnt read allthe way through the document provided but i will tackle that when i get home from work. My aim is to become an entrepreneur is the near future. fingers crossed.

  12. jimmy choo May 14, 2010 1:10 pm

    The main difference I saw was in the approach

  13. Cheap Acoustic Electric Guitars May 19, 2010 10:43 pm

    Amazing. just awesome…i possess any term to value this publish…..Really i am impressed from this publish….the actual person that produce this publish he or is a great man..thanks for shared this with us.i found this informative and interesting weblog

  14. eid gifts to pakistan May 24, 2010 3:55 pm

    Really superb post buddy. I think every person has their own thought and strategies not everyone alike. The thinking of MBA and entrepreneur is different but here entrepreneur has extra edge because he already has lot of experience in business field.

  15. Chatspk June 18, 2010 10:11 pm

    Pakistani Chat Rooms, Pak Chat Desi Chat Pakistani Girls Indian Chatting Sites Pak Voice Chat Urdu Chat, Pakistanis Chat Pakistan Chatting Friends Free Voice Chat…www.chat-paki.co.cc

  16. air conditioning services July 3, 2010 8:56 am

    Once again you put together an awesome list of young entrepreneurs. Very motivating. Keep it up your work is very much appreciated.

  17. air conditioning repairs July 3, 2010 9:02 am

    Very informative, i agree with the part on A class team with B class idea preferred over vice versa. A good team can churn better success with a second rate idea, but a superb idea can be flawed if the team isn’t that great

  18. Kavita Singh July 14, 2010 12:50 am

    It is interesting t read how Indian students are also getting aid to go abroad and study for MBA, undergraduate and other master programs. Admission to Indian students is being offered by more and more MBA universities worldwide.
    Admissions is being secured in Harvard, stanford, wharton, columbia, london business school and others.

    I wish them best of luck!

  19. How to Make Sushi July 19, 2010 9:20 pm

    As far as I can tell, MBA is about doing nothing and waffling around for a while worrying about exact calculation of ROI while entrepreneurship is about doing something and worrying about if you’re making money later :)

  20. air conditioning services July 31, 2010 1:43 pm

    Entrepreneurs tend to identify a market opportunity and exploit it by organizing their resources effectively to accomplish an outcome that changes existing interactions within a given sector.

  21. Mobile60 August 4, 2010 4:27 pm

    What unique entrepreneurial trait did Anita Roddick possess which set her apart from other entrepreneurs?

  22. Christian Louboutin high heels sale August 29, 2010 6:19 pm

    thank u for sharing.I like

  23. Mobile60 September 1, 2010 8:56 am

    Babson always ranks high on any list, in this particular field. But in general, I usually rely on the US News rankings for this field, and they list the top programs as including:

Leave a Comment

If you would like to make a comment, please fill out the form below.

Name (required)

Email (required)

Website

Comments

© 2007 Arbit Blog, - Daily Blog Tips Themes