Wednesday, September 7, 2011

Born or Made?

The age old question debated in entrepreneurship classes across the world: can an entrepreneur be taught or is there an entrepreneur gene? According to a recent Babson College study, there is overwhelming evidence that taking two or more core entrepreneurship courses positively influenced the intention to become an entrepreneur and actually becoming an entrepreneur. The study consisted of 3,755 Babson Alumni, a prestigious private business school in Massachusetts, who graduated between 1985 and 2009.
The basis for the study was the prejudicial question many scholars and business professionals posed, “Is entrepreneurship worth teaching?” With the new empirical evidence from Babson’s study, educators can rest at ease that their coursework does a positive influence on students. In addition, business students learn that entrepreneurship classes can help a student decide if they want an entrepreneurial career path and if they think they have what it takes to succeed as a business owner.
Some other interesting facts that study uncovered include:
·         Males are more likely to become entrepreneurs than females
·         Having entrepreneurial parents played no significant role in become an entrepreneur
·         Full time students are more likely to become entrepreneurs than part time students
·         MBA or graduate students had no difference in wanting to become entrepreneurs
·         Greater job satisfaction lead alumni less likely to want to become entrepreneurs

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