New Horizons in Management series
Chapter 7: The entrepreneurial personality, behavior, and proactivity
A major manifestation of the proactive personality and behavior is entrepreneurship, particularly in the sense of developing an innovative business. Entrepreneurship is considered an asset for society because so much new employment is created through the efforts of entrepreneurs. Approximately 60 to 80 percent of new employment in the United States is created by small businesses. An unknown number of these small businesses are novel enough enterprises to be considered true entrepreneurships. For example, when two people open a café, the activity might not be classified as entrepreneurship but rather as merely small-business ownership. Successful entrepreneurs tend to be proactive, particularly with respect to being creative and adventuresome. The potential contribution of entrepreneurs in society, as well as their personality, behavior, and proactivity are illustrated by how, in recent years, entrepreneurs have helped rebuild the deteriorating city of Detroit, Michigan. At its depth of despair the population of Detroit had plummeted 25 percent, and the city had more than 10,000 vacant lots. Furthermore, Detroit declared bankruptcy in 2013.
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