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.
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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.
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
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 ..
Interesting post. My own take is that entreprenuers are leaders and artists while MBAs are about maintaining the status quo and management.
I must say that your logic is very good indeed ..
Nice blog, with very interesting articles..i enjoy reading them.
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.
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.
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Thank you for the great post!
Great post! I just subscribed to your RSS feed. Thanks!
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.
The main difference I saw was in the approach
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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.
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Once again you put together an awesome list of young entrepreneurs. Very motivating. Keep it up your work is very much appreciated.
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
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!
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
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.
What unique entrepreneurial trait did Anita Roddick possess which set her apart from other entrepreneurs?
thank u for sharing.I like
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: