Entrepreneurial Personality Analysis

1155 Words5 Pages
Introduction Among the emerging entrepreneurs in recent years, it is noticeable that some of them are more successful than others. Researches have suggested that besides education, personal skills and experience, personality traits could be a contributor to their success. For example, the results of meta-analysis conducted by Zhao, Seibert & Lumpkin (2010) show that four of the Big Five personality dimensions (conscientiousness, openness to experience, emotional stability and extraversion) were associated with the intention to become an entrepreneur and entrepreneurial firm performance, which are critical to attainment of entrepreneurial status (Baron, 2007; Venkataraman, 1997). Besides the broadly defined Big Five personality dimensions, some…show more content…
To illustrate, we will begin with definitions and present theories, followed by meta-analytic results. Then the changes in personality traits (mainly based on the Big Five dimensions) observed in life span are examined. We propose studying both internal and external factors that influence the shaping of personality because entrepreneurs are often found to be exposed at changing political, economic, social and technological environment. Therefore not only personal wills and efforts to change personality traits matter in this case, but also the external environment. Previous studies on the relationship between entrepreneurship and personality trait have been focusing on what makes an entrepreneur successful but not on how to become a successful one. Therefore our review collects Meta-Analysis results to examine the Big Five personality dimensions and provide evidences to show the changes observed in the five personality traits. Hopefully this review could shed light on the possibility of getting people participate in the process of entrepreneurship who have been denied previously by their personality…show more content…
(Shane, 2000). Entrepreneurship covers multi-dimensional activities from discovering business opportunities, launching a business to survival, growth and development in the market. Thus entrepreneurial success can be recognized from a wide range of dimensions such as the very beginning of starting up new business and start-ups’ performance in the market. This is where entrepreneurs’ individual difference in personality traits emerges as the different stages of entrepreneurship correspond to different tasks which in turn require different task-matching personality traits (Markman & Baron, 2003). In our review, we apply the Big Five Personality Traits model to capture various dimensions of personality traits and illustrate its relationship with entrepreneurial
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