You must have often heard people saying that running or managing a business should actually run in your blood. It was a perception that children who are born in a business running family, eventually turn out to be better entrepreneurs since from a young age they receive the necessary exposure required for managing the business. Also, such individuals are already provided with the business setup which they have to just take it forward.
On the other hand, children who have absolutely no experience or exposure to managing a business may sometimes feel quite overwhelmed seeing the kind of work which business requires. Do you also subscribe to the same view that business cannot be learnt and that it has to come from within? If yes, then you are absolutely wrong! Business is not necessarily something which you may be born with, but it can be something which you can learn to manage. This Blog will help you in understanding how to do that.
Scientific research behind this idea
According to a study conducted by the New York University Steinhardt of Culture, Education and Human Development, the place or the University from where an individual decides to pursue his or her education and the nature of modules he or she studies play a crucial role in understanding whether such an individual intends to become an entrepreneur or not.
This change in the popular perception can be owing to the sudden boom of entrepreneurship in almost all corners of the world. As a result, the view adopted by experts as on date is that entrepreneurship skills are something which can be in nature and at the same time can also be nurtured. Experts, however, have basic question as to whether innovation which is the heart of any business can be taught in schools and universities. This question however remains unanswered.
Decoding the link between ethnic characteristics and entrepreneurial skills
One of the conclusions which this study laid down was to understand the kind or nature of persons who were more business oriented. According to this study, male students, particularly Asian and who had politically conservative views were less inclined to entrepreneurship as opposed to their other counterparts.
Having said so, the experts also believed that this is not a hard and fast rule since colleges today promote students belonging from diverse cultures and ethnicities coming and studying together. So there are high probabilities that after getting in touch with their counterparts, people less inclined towards entrepreneurship may also develop similar interest.
As per the survey so compiled by the John Cook School of Business at St. Louis University, presently, there are as many as 220 colleges and universities in the whole world who have introduced a special curriculum or a specialized degree in entrepreneurship.
The way no two fingers of the same hand can be the same, in the same way, it is not possible that all the persons will agree to one particular perception. Similarly, there are experts who do not subscribe to this idea.
According to the Thiel Followship website which has been established by Peter Thiel, the founder of PayPal, it expressly opines that classroom teaching in universities till date is restricted only to what has already been in existence. It does not promote learning or venturing into something new and innovative.