Donald Trump: Entrepeneurial Ability, Both Born and Made

1113 Words3 Pages
bulb-icon

Recommended: Research paper on donald trump

Over the centuries, civilization has had a prevailing number of successful entrepreneurs. From Steve Job’s technology revolution to Walt Disney’s lucrative entertainment business; such are those who revolutionize their own self-made businesses, cultivating it to reside in today’s thriving marketplace. But beyond this substantiality lies an even more intriguing question: “Are [such] entrepreneurs a special breed, born into this world with a drive and need to succeed […], or can they be created through education, experience and mentorship?” (Daley 2013, p. 65). Evidently, this deep-seated debate over whether successful entrepreneurship stems from nature or nurture has resulted in a division of sentiment.

One of which hails from the notion of Professor James V. Koch suggesting, entrepreneurs are born “with a specific set of genes and characteristics” (Vennare 2014). As Koch puts it, “some individuals are simply more naturally fitted to become entrepreneurs,” because “they are pre-wired” with an entrepreneur gene (Kihara 2014). However, this calls to question an opposing school of thought advocated by Professor Julian Lange with the opinion that entrepreneurs are made and can be taught. Lange’s assertion derives from the belief that individuals can discover their entrepreneurial passion in a class setting and have their enterprising skills and abilities enhanced through teaching and practice (Daley 2013).

As deviating as both sentiments are, however this dissertation’s verdict does not belong to either one or the other but instead is of the opinion that successful entrepreneurs are both born and made for the reason that individual and corporate success – by means of identity reinforcement, skill enhancement, venture opportunity an...

... middle of paper ...

...uccess’, TheRichest, 17 April, viewed 20 April 2014, http://www.therichest.com/rich-list/nation/donald-trump-biography-and-rise-to-success/

Sanders, M 2005, How Does Trump repeatedly file for Bankruptcy and still stay on top?, LegalZoom, viewed 24 April 2014, http://www.legalzoom.com/legal-headlines/celebrity-lawsuits/how-does-trump-repeatedly-file

Trump, D & Schwartz, T 2007, Trump: The Art of the Deal, Random House Publishing Group, NY.

Vennare, J 2014, ‘Are Entrepreneurs Born or Made?’, Entrepreneurship Life, 28 January, viewed 16 April 2014, http://www.entrepreneurshiplife.com/entrepreneurs-born/

Yecies, L 2012, ‘Are Entrepreneurs Born or Made? Views from the Life of a “Made” Entrepreneur’, Forbes, 6 January, viewed 21 April 2014, http://www.forbes.com/sites/laurayecies/2012/01/06/are-entrepreneurs-born-or-made-views-from-the-life-of-a-made-entrepreneur/

Show More
Related

  • How to Get a Real Education at College an Article Written by Scott Adams

    974 Words  | 2 Pages

    entrepreneurship develops within a person are irreplaceable. It’s rare for someone to say that they

    Read More

  • Most Likely To Succeed Analysis

    1736 Words  | 4 Pages

    The book provides the parents and educators with a fundamental guide to getting the best from their kids and a roadmap for opinion leaders and policymakers. The issue the authors have determined is a real one, although there is no single system can work for everyone, and the authors presume that Rebecca or Bill Gates or Steve Jobs (or Wagner or Dintersmith) are the ultimate desirable models of success. This leaves whole classrooms with gifted memorizers as well as regular humans who never aspired to be or can never even be a Bill Gates. Although it does not offer a clear roadmap on how to go in making every child become an entrepreneur, the book is a commendable prose for the teachers and policy makers in the education system, and I think that if implemented it can improve the education system by a great

    Read More

  • Henry Trafton's Independence By Horatio Alger

    1161 Words  | 3 Pages

    As Percy Bysshe Shelley said “There is no real wealth but the labor of man.” Often called the land of opportunity, the United States of America is known for its free market economy. In this free market economy, America has planted the seed for future entrepreneurs. Throughout time, this seed will eventually grow into a tree that will bear the fruits of one’s labor. However, many entrepreneurs have found different ways to cultivate this seed to bear fruit. Such two men named Dale Carnegie and Horatio Alger have given the world two of the most famous business philosophies. Those who pursue Horatio’s philosophy achieve success through hard work and dedication while those who pursue Carnegie’s philosophy achieve success by being very charismatic. Though both philosophies talk about gaining success, they are very different in their methods.

    Read More

  • Entrpreneurs Who are Born or Made

    1064 Words  | 3 Pages

    To sum up, entrepreneurs, some of them are born, some of them are made. If they are born,...

    Read More

  • What does Entrepreneur Means

    1054 Words  | 3 Pages

    Treanor, S. (2013, july 13). Are entrepreneurs born or can they be taught? Retrieved from http://www.bbc.co.uk: http://www.bbc.co.uk/news/business-23157638

    Read More

  • Entrepreneurship Skills

    776 Words  | 2 Pages

    Entrepreneurship is by far the largest field contributing to the world’s economics. In terms of whether entrepreneurs are born or made, my pick would be that entrepreneurs are made. I don’t agree on the idea of entrepreneurship skills are genetic. For people who inherit family business or maybe an empire, those skills are learnt when they were growing up, watching their family members running the business. Being a risk taker sure is something that is just within ourselves but for a person to be able to detect opportunities and the ways of tackling those opportunities are something that meant to be learnt in classroom. Even in schools and universities, these skills are not just been taught theatrically but also the practicality. Students are encouraged to practice their entrepreneur skills before competing in the real world.

    Read More

  • Call of the Entrepreneur

    989 Words  | 2 Pages

    In the documentary “Call of the Entrepreneur,” three successful entrepreneurs, Brad Morgan, Frank Hanna, and Jimmy Lai, are presented to explain their views on entrepreneurship and in turn leadership. Brad Morgan is the owner of a million dollar dairy and compost company, Frank Hanna is a merchant banker in New York City, and Jimmy Lai is the founder of Giordano department stores and Next Media. A central theme of the documentary is how each of these businessmen displays the characteristics of persistence, patience, and perseverance to overcome frustrating obstacles and become successful. The film defines entrepreneurship and explains how the entrepreneur responds positively to consumer demands and is able to organize and direct others toward a goal only the entrepreneur can see. The film shows that though some entrepreneurs are driven by greed and some are not, the ones that are successful are answering the needs of consumers.

    Read More

  • Career Interview Report: Challenges To Become An Entrepreneurship

    1055 Words  | 3 Pages

    Like I said, I grew up in a family of successful entrepreneurs. I grew up always wanted to be like my father. I felt as if I had a knack for business and here I am today.

    Read More

  • Managing A New Venture Essay

    2003 Words  | 5 Pages

    Tommy Høyvarde Clausen. (2006). Who identifies & exploits entrepreneurial opportunities?. Available: http://www.ccsr.ac.uk/methods/festival/programme/18QM/documents/PaperTommyClausen2_000.pdf. Last accessed 1st Nov 2013.

    Read More

  • Top Earners in The World Are Entrepreneurs

    2759 Words  | 6 Pages

    Entrepreneurs exist due to consumers wanting something new and relevant, which will also make an impact in the market place. Entrepreneurship is about individuals recognizing a need for a commercial application and being able to innovate their ideas to meet the needs of the consumer (Baron & Shane, 2008). On average, there are over 1400 billionaires in the world, and of those 960 are entrepreneurs who were successful, while the rest were fortunate to inherit their wealth (Vital, 2013). If we focus on the 960 and how they made their fortune we find out they became billionaires from either a single or multiple business ventures. The majority of the 960, which equates to 830, owned more than one business, and remaining 130 managed only one company. Therefore, the most top earning entrepreneurs in the world are most likely to be serial entrepreneurs, and being very successful innovating ideas that consumers like (Vital, 2013). Entrepreneurship is essential for the global economy and the success of future growth in small and large business as they exploit the need for new services and products. The growth within entrepreneurship will also drive employment growth and hopefully stabilize the global economy by increasing wealth in the middle class.

    Read More

  • Essay About Entrepreneurs

    714 Words  | 2 Pages

    Many people dream of becoming entrepreneurs someday. But it made me realize that there other factors that needs to be taken into consideration. We need to ask ourselves are we ready to take the challenge to the outside world. Not everyone have the vision, innovation and creativity to become an entrepreneur. The individual must have a positive attitude and accept the responsibility, have discipline to meet their goals, and take action when the opportunity presents itself. Many prefer a job security and rely on a weekly paycheck, while entrepreneurs will take risks and doesn 't have that luxury to know the amount of their income.

    Read More

  • What Are The Importance Of Entrepreneurship?

    1844 Words  | 4 Pages

    Entrepreneurship is an important aspect of social, economic and community life. It can be viewed as a critical factor to economic growth as well as a way of addressing unemployment (Nolan, 2003).Entrepreneurs are people who are persistently focused on identifying opportunities, they seek to create something worthwhile while taking into account foreseeable risk and rewards associated with the efforts (Nolan, 2003). Furthermore, entrepreneurs are frequently understood to be individuals who discover market needs and establish new business to meet those identified opportunities. The following assignment will firstly discuss the types of entrepreneurship, secondly it will discuss the reasons people become entrepreneurs, and thirdly it will discuss the importance of entrepreneurship.

    Read More

  • Characteristics of Successful Entrepreneurs

    1006 Words  | 3 Pages

    Most successful entrepreneurs are have a passion for their product or service as well as a desire to solve a problem and make life easier, better, cheaper (10 Qualities of successful entrepreneurs, 2010). Their desire to be an entrepreneur is mostly due to in internal factor rather than an external such as money.

    Read More

  • The Life of an entrepreneur

    1630 Words  | 4 Pages

    There stands many poems about entrepreneurs. The poem Entrepreneurship by Eric Niehoff presents the exact attitudes needed by an entrepreneur to attain success. “Creative and driven, bound to succeed, seeing opportunity, where others concede” (Niehoff).This illustrates t...

    Read More

  • Successful Businessman Essay

    1378 Words  | 3 Pages

    The path to achieving great success is not easy. Whereas there are many shortcuts, the long and patient walk is what takes a person many miles ahead. This concept applies to any individual who aims at becoming a successful businessman. The process of becoming a successful businessman requires a person to attain several accomplishment levels. Each of the level takes energy and time, as well as the ability to recognize the things that make a person truly successful in the business world and life. Becoming a successful businessman requires measurements that take into account not only the monetary and material gains but also the greater scheme of things. Therefore, true success measure achieves in light of creating wealth and value. These factors are vital in the lifetime of success as they present an intangible worth and measurable profit. This essay discusses the way a person can become successful as a businessman.

    Read More

More about Donald Trump: Entrepeneurial Ability, Both Born and Made

Open Document