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Tuesday, March 29, 2011

Can Entrepreneurship be taught?

Excellent points told by Sheenu Jain an young and intelligent management guru..

She told many thought provoking points like " Entrepreneurship involves a combination of attitudes, skills, and knowledge (ASK) and  hence a good mentor can certainly facilitate the development of these capabilities and  a good B-school can provide the inputs for students to become entrepreneurs, though it may not be taught  in conventional way."
 
"An aspirant need to understand that entrepreneurial journey begins with developing and demonstrating an attitude towards entrepreneurship."

"Since, entrepreneurs have to keep taking decisions on an regular basis, developing analytical and decision making capabilities at all stage is very important and that is what can be taught in entrepreneurship courses at B- schools."

Briefing the essetial qualities one should develop , she listed..
The most essential among them are:
* Passionate about doing something new
* Confident about winning
* Persistent with the idea and actions to accomplish the goal
* Hard working and extracting work from others
* Adaptable to situations
* Ability to lead team and innovative
* Optimistic and not giving up in the face of difficulties
* Ability to manage risk
* Relevant technical and managerial skills.


She quotes an example of  Karsanbhai, to say that family wealth and great background are not needed for any one to become a successful entrepreneur...
"Karsanbhai Patel came from a small town of Gujarat to create "Nirma" detergent powder about three decades ago. He showed Hindustan Unilever and others that an unsatisfied group of people who lived below their radar, wanted cheaper but effective washing powder. Nirma went on to become a legendary success story.

There are many such stories of successful people who became immortal by creating new products and services and transforming the way we live. Incidentally, they became very wealthy too. They spotted an unfulfilled need and offered an innovative and acceptable solution to people. In the process, they took calculated risk and convinced customers why they should buy their solutions.

                        
                    We may have many Karsanbhais around in different industries and markets. They have the passion to innovate and win. They are the people who do not give up easily and are prepared to work hard and face hardships. They are entrepreneurs, and these qualities reflect the essence of entrepreneurship. Several psychologists, sociologists, economists, and management researchers have given us a list of behavioral attributes of an entrepreneur."

Thanks.

Gopi Gandi.