Does an MBA Help Entrepreneurs?While there are several definitions for the word “Entrepreneurship”, the one we like to use the most has been given by Professor Howard Stevenson from the Harvard Business School. He says entrepreneurship is the pursuit of opportunity beyond resources controlled. So, what this basically means is that all entrepreneurs must deal with limited resources such as time, money, human capital and so on. The Great Man theory and the Trait Theory of Leadership say that true leaders or entrepreneurs are born and not made. For instance, Mahatma Gandhi, Abraham Lincoln, and Mao Tse Tung had inbuilt leadership skills i.e. they were born leaders. However, in contrast, we have the Behavioral theories which suggest that people can learn to become great leaders by observing, experiencing and learning. While you may not be born with talents that make you the best leader, we believe that with a little determination, perseverance, and patience, one can learn to be a great leader! So, what about the innumerable programs offered by several universities across the world. Will you be justified in signing up for such a program? What should you look for when you have decided that such a program is for you? Importantly, can an MBA help entrepreneurs?..
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