Management Notes

Reference Notes for Management

An entrepreneur is:

An entrepreneur is:


A. Born
B. Made
C. Bom and made both
D. All of these

The Correct Answer Is:

  • D. All of these

The correct answer is “D. All of these.” The concept of entrepreneurship is a complex one, and it involves a combination of inherent qualities, learned skills, and environmental factors. Let’s explore in detail why this answer is correct and why the other options are not individually correct.

Why the Answer Is Correct (Option D – All of these):


Some individuals have certain inherent qualities or traits that predispose them to be entrepreneurs. These traits may include a high tolerance for risk, a strong desire for independence, creativity, and a proactive mindset.

While these qualities may be part of an individual’s inherent nature, it doesn’t mean that they are automatically successful entrepreneurs. Being “born” as an entrepreneur may give someone a head start, but it’s not sufficient on its own.


Entrepreneurship is also a learned skill. Many successful entrepreneurs acquire knowledge, skills, and experiences through education, training, mentorship, and practical experience.

They develop an understanding of business principles, marketing strategies, financial management, and other essential aspects of running a business. Learning how to navigate the complexities of entrepreneurship is a crucial part of becoming a successful entrepreneur.

Born and Made Both:

The most accurate representation of entrepreneurship acknowledges that it’s a combination of inherent traits and learned skills. Some individuals may have a natural aptitude for entrepreneurship, but they still need to develop their skills and knowledge to succeed.

Conversely, people who may not have been born with entrepreneurial traits can acquire them through education, experience, and personal development. The most successful entrepreneurs often exhibit a blend of natural talent and cultivated expertise.

Why the Other Options Are Not Correct:

A. Born:

While some individuals may have inherent qualities that align with entrepreneurial traits, it’s an oversimplification to suggest that entrepreneurship is solely a matter of being “born” as an entrepreneur.

Natural talent or inclination is only one part of the equation. Success in entrepreneurship also depends on how individuals harness and develop these traits, along with learning and adapting to the demands of the business world.

B. Made:

Suggesting that entrepreneurship is solely a matter of being “made” as an entrepreneur overlooks the importance of inherent qualities and predispositions.

Learning how to be an entrepreneur is a significant aspect, but it’s not enough to guarantee success. Without some degree of innate entrepreneurial qualities, individuals may find it challenging to thrive in the unpredictable and high-risk world of entrepreneurship.

C. Born and Made Both:

This option, which combines both born and made aspects, accurately represents the complex nature of entrepreneurship. It recognizes that successful entrepreneurs are a combination of individuals who may have natural inclinations and those who have acquired entrepreneurial skills.

This approach acknowledges the interplay between inherent traits and learned abilities in entrepreneurship.

In summary, the correct answer is “D. All of these” because entrepreneurship is a multifaceted concept. Successful entrepreneurs may possess some inherent traits that make them well-suited for the entrepreneurial path, but they also need to acquire knowledge, skills, and experiences to excel in the business world.

In the real world, the most successful entrepreneurs are those who leverage both their natural inclinations and their acquired expertise to navigate the challenges and opportunities that come their way. It’s not a matter of being exclusively born or made but rather a dynamic interplay between these factors.

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