Open AccessThe characteristics of successful entrepreneurs
Author(s) -
Dragana M. Pokrajčić
Publication year - 2004
Publication title -
economic annals/ekonomski anali
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.148
H-Index - 12
eISSN - 1820-7375
pISSN - 0013-3264
DOI - 10.2298/eka0462025p
Subject(s) - personality , big five personality traits , order (exchange) , psychology , social psychology , economics , finance
This paper examines the economic, psychological and social-behavioral theories of the entrepreneur in order to determine the characteristics of a successful entrepreneur. The major contribution of economic theories of the entrepreneur is better understanding of the entrepreneur and his/her role in economic development. The psychological characteristic theory of entrepreneur argues that successful entrepreneurs possess certain personality traits that mark them out as special, and tries to determine and to evaluate these special traits. The social-behavioral theories stress the influence of experience, knowledge, social environment and ability to learn on the entrepreneur’s success as well as his/her personality traits. Neither of the examined theories of entrepreneur gives a satisfactory explanation of the entrepreneur’s success, but taken as a whole, they can explain key factors of entrepreneur’s success. The entrepreneur’s success comes about as a result of his/her personality traits, ability to learn from experience and ability to adjust to his/her environment