Trait theory of Entrepreneurship

The theory holds that entrepreneurship developed because the individuals called entrepreneur possessed certain specific traits or characteristics or competencies which made them capable of generating new ideas and creating new ventures. The major traits responsible for the emergence of entrepreneurship are said to be : creative and innovative skills, propensity to take risks, ability of building on organisation and managing it effectively perseverance, and foreseceability. Different studies have emphasised different traits. However, it may be said that there are opponents of the trait approach. They ask a logical question as to whether those among us who do not choose to be entrepreneur, have similar traits.