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Journal ArticleDOI
Ian Deamer, Louise Earle 
48 Citations
The authors argue that entrepreneurship is a multidimensional construct and that EMAQ can give insight into whether a person might succeed as an entrepreneur.
Relevant research findings regarding each stakeholder constituent studied have been cited to show that the practices of Jamsetji Nusserwanji Tata have relevance to business even today.
The results provide empirical insights about firm and individual characteristics that explain the likelihood of being an innovative and ambitious entrepreneur.
The literature reveals that although there is positive relationship between entrepreneur traits and firm performance in the context of SMEs, the relationship is still inconclusive; suggesting that there are intervening constructs between the two constructs.
It is indeed confounding that Ratan Tata was at the helm of the Tata conglomerate for more than two decades and even then he could not identify/groom a single person for filling-in his role.
The key factor in predicting the success of the entrepreneur is resourcefulness.
This study has a strong practical implication, especially for thefinanciers who have a strong need to identify the potential of an entrepreneur in a comprehensive way.
Practical implications – The study contributes to the existing research about the role the founder-entrepreneur ...

Related Questions

What are the key skills required for successful entrepreneurship in Indonesia?5 answersSuccessful entrepreneurship in Indonesia requires a combination of key skills such as innovation, communication, workplace management, leadership, and administrative proficiency. Additionally, the development of entrepreneurial competencies, including absorptive capacity and entrepreneurial skills, plays a crucial role in strengthening leadership towards successful entrepreneurship, especially for women entrepreneurs in Indonesia. Entrepreneurship education is vital in instilling these skills early on, starting from primary and secondary education levels, to prepare the youth for the challenges of the 4.0 era and enhance their competitiveness. Moreover, formal and informal educational institutions need to cultivate an entrepreneurial spirit among higher education students through innovative programs and research-oriented cultures to contribute to the growth of the nation's economy through entrepreneurial activities.
What specific life strategies have been found to be most effective for successful entrepreneurship?5 answersSuccessful entrepreneurship is influenced by several key strategies. Firstly, effective business strategies, such as pricing to customer value, planning cash flow, selecting the best employees, and writing a formal strategic business plan, substantially reduce the risk inherent in new ventures. Secondly, formulating start-up strategies to respond to competition in a crowded marketplace is crucial for maximizing the likelihood of survival. Additionally, effective entrepreneurship can enhance sustainable development and family livelihood, particularly through the contributions of entrepreneurship in family businesses. Furthermore, successful entrepreneurship requires adapting to changing market needs and filling gaps in the market, as demonstrated by the founders of Healthians, who sensed the need for proactive health care and converted it into a successful business model. By considering these strategies, entrepreneurs can increase their chances of success and longevity in their ventures.
What are traits of a successful entrepreneur?5 answersSuccessful entrepreneurs possess certain traits that contribute to their success. These traits include joy of developing, integrity, and striving. Additionally, successful entrepreneurs exhibit personality traits such as a preference for variety, novelty, and starting new things (openness to adventure), a desire to be the center of attention (lower levels of modesty), and high levels of exuberance (higher activity levels). It is important to note that there is no one "Founder-type" personality, but rather six different personality types, with startups founded by a "Hipster, Hacker, and Hustler" being twice as likely to succeed. Furthermore, larger, personality-diverse teams in startups have been shown to have benefits for success.
Whais is successful entrepreneurship?3 answersSuccessful entrepreneurship refers to the ability of individuals or businesses to achieve sustainable and valuable outcomes in the market. It involves factors such as knowledge, skills, creativity, coordination, and the ability to bear uncertainty. Entrepreneurs play a crucial role in coordinating resources and directing production towards socially valuable ends, using their subjective and practical knowledge of the specific time and place. The success of entrepreneurship is influenced by various factors, including low risk aversion, human and financial capital, and the ability to learn and adapt. Additionally, ethical considerations are important in defining entrepreneurial success. Understanding how successful entrepreneurs learn and interact with others can also contribute to their success. Overall, successful entrepreneurship involves the ability to identify opportunities, make sound judgments, and create value in the market.
What disease Ratan Tata is suffering from?8 answers
Which political party does Ratan Tata support?10 answers

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