Came across this brilliant paper which points out the difference between the way entrepreneur thinks and works and the way an MBA would handle it.
The main difference I saw was in the approach, Entrepreneur would jump into action with little analysis, and make the market carve out a roadmap, there is not a huge timelag or investment that is put in before entering the market, whereas an MBA typically spends a lot of time and effort into market research, competition analysis and logically designs the best possible product.
The difference is the cost of failure. Entrepreneurial thinking reduces the cost of failure and at the same time tries to create blue oceans. Blue oceans, cannot help but be a result of entrepreneurial thinking.
Of course for the success of a venture, experience and technical knowledge is a must, be an entrepreneur or a MBA!
Check out this paper on “What makes entrepreneurs entrepreneurial?” by Dr.Saras D. Sarasvathy.
I chanced upon your blog and found it very informative. The event blogs are striking enough to have a feel of the event, so, I would like to have a little chit-chat on your blogging interests. And even we are coming up with an event on startups on June 6th. So, can I have your contact details? Looking forward to hear from you.
I read your blog and found it very informative. The event blogs are striking enough to have a feel of the event, so, I would like to have a little chit-chat on your blogging interests. And even we are coming up with an event on startups on June 6th. So, can I have your contact details? Looking forward to hear from you.
Contact me at ojas@siliconindia.com
Couldn’t agree more. Entrepreneurship is about risk taking, while the MBA course teaches you to manage risk, and not take risks. The mindset of ‘an MBA’ is many ways fundamentally opposed to risk taking. MBA’s are great at managing enterprises, and not necessarily at starting enterprises ..
my 2 paise ..
Interesting post. My own take is that entreprenuers are leaders and artists while MBAs are about maintaining the status quo and management.
Nice blog, with very interesting articles..i enjoy reading them.
Entrepreneurial qualities for success in present times are to be practical, go getter, leader by self examples and motivator for rest of his team, stakeholders and authorities.
Thank you for the great post!
Great post! I just subscribed to your RSS feed. Thanks!
Very good artical. I didnt read allthe way through the document provided but i will tackle that when i get home from work. My aim is to become an entrepreneur is the near future. fingers crossed.