Chapter 2 - Who is the entrepreneur?

Question 1

Name the different types of entrepreneurs

Answer 1

• Novice (a person with no entrepreneurial experience)
• Habitual (a person with previous entrepreneurial experience)
• Serial (a person who is constantly establishing and selling organisations)
• Portfolio (a person who owns several organisations simultaneously)
• Hybrid (a person who is simultaneously self-employed and employed)
• Nascent (a person who is in the process of considering the establishment of a new organisation – he or she can either be a novice, habitual, serial or portfolio)
• Intrapreneur (a person acting entrepreneurially within an existing organisation)

Question 2

What defines if an entrepreneur is born rather than made?

Answer 2

• Need for achievement
• Drive & determination
• Need for independence
• Creativity, innovation & opportunism
• Internals locus of control
• Acceptance of measured risk & uncertainty
• In the genes?
• Special super-individuals?

Question 3

What defines if the entrepreneur is made rather than born?

Answer 3

• Environmental factors
• Personality is shaped
• Entrepreneurial or encouraging parents
• Gender & age (23-34 and more men)
• Situations and experience
• Interaction
• Learning & knowledge

Question 4

Name the four factors for Gartner’s contingency model

Answer 4

• Individual(s)
• Organisation
• Process
• Environment

Question 5

Are entrepreneurs born or made?

Question 6

Discuss your view on this following observation: “Entrepreneurs who are made will most
likely discover entrepreneurial opportunities while entrepreneurs who are born will most likely
create entrepreneurial opportunities”