BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The claim that “entrepreneurs are born, not made” captures the idea that entrepreneurial ability is largely determined by a person’s inborn characteristics. Despite longstanding scholarly interest in assessing the validity of this claim, the belief that entrepreneurial ability is inborn remains largely unexamined.

Detailed explanation-2: -Here’s why. Unlike other fields like sports that require an inborn physical talent and endurance, entrepreneurship is just a series of good decisions backed by hard work. To become successful, entrepreneurs need education (not necessarily formal) and experience. Those things are not qualities people are born with.

Detailed explanation-3: -Overview of the 4 types of entrepreneurs Traditional businesses are those ones that have been around for many years; restaurants, shops, carpenters, hair dressers, mechanics and other companies that help the local community function.

Detailed explanation-4: -The traditional definition of entrepreneurship was mainly focused on generating business capital. In today’s economic climate, the entrepreneurship definition has evolved to include the notion of transforming the world.