Reseach

Research

Innovations and Innovators: A Quest for Entrepreneurial Talent

Entrepreneurship is the driving force of a country’s economy. Fostering  entrepreneurship is not a trivial task. As global practice shows, one cannot do with investments alone. The funds invested in training entrepreneurs do not pay off. Expensive innovation infrastructure does not provide sufficient conversion of successful entrepreneurial projects. What is the reason?

Could it be that entrepreneurs are born, not made?

WHAT’S THE IDEA?

According to recent advances in psychology, neurophysiology, and neuro-entrepreneurship, the entrepreneur’s personality has its own specific characteristics. Science has gone even further: findings in the field of cognitive sciences indicate that entrepreneurs have a special mindset.

Taking into account these specific characteristics of personal behavioral preferences, it is possible to build a different system of training entrepreneurs and supporting development of their projects. Proper training of entrepreneurs is the key to efficient development of entrepreneurship.

WHAT DO WE WANT TO UNDERSTAND?

KEY ISSUES OF THE RESEARCH

  • What is the best way to detect entrepreneurial talent?
  • Entrepreneurial mindset: how is it different?
  • What should the Entrepreneur of the future be like?
  • What are the attributes of entrepreneurship?
  • What is the “anti-ideology” of entrepreneurial activity?
  • What is the difference between invention and entrepreneurship?
  • What is a way to develop an entrepreneurial project? What are necessary components of a successful entrepreneurial project? What role does the project team play?
  • What are reasons for the low survival rate of startups in business incubators?

SUPPOSITION

1. Each historical period needs its own type of entrepreneur.

The prototype of entrepreneurs was both merchants and inventors. In the third millennium, the time for a new type of entrepreneur has come: the Entrepreneur of the future, who not only creates breakthrough innovations, but also thinks projectively, in accordance with the concept of global coevolution.

2. Entrepreneurial talent is multi-faceted.

Various combinations of entrepreneurial cognitive and psychological characteristics create various types of entrepreneurs. This diversity of the entrepreneurial “species” is not limited to subspecies Investor, Manager and Innovator. In the current entrepreneurial ecosystem, the most prominent is Epigone, a subspecies that occupies the position between Manager and Innovator.

3. Successful entrepreneurial project is related to two constructs.

One of the constructs is anti-ideology which is a necessary attribute of entrepreneurship, another construct is deployed around the attribute of prospectivity (i.e., in our definition of an entrepreneurial project, “projectness” is not an allusion to a “temporary organization”, but rather  projective thinking, the projective idea of the entrepreneur-initiator with the projective mindset, who comes to a fore, since (s)he is the main “designer” of the project).

4. The solution to the problem of entrepreneurship development is not to find a way to increase the number of new businesses, but to increase their “life expectancy”, and to ensure their development and growth.

One way to achieve this is to apply  the Management of Developing Projects (MDP) Method.

RESEARCH FINDINGS

  1. Classification of psychotypes of the key subjects of entrepreneurial activity.
  2. The Concept of entrepreneurship anti-ideology.
  3. The Management of Developing Projects (MDP) Method.
  4. Models of behavioral preferences for predetermining specific features of formation of economic activities key subjects’ goals and motivational attitudes.

Collaboration

It is critical for the evolution of science that we conduct large-scale research studies; however, the magnitude of such work requires colossal effort on the researcher’s part, and would benefit greatly from a synergetic approach.

That is why we invite our academic colleagues who are interested in the topic of entrepreneurship, to exchange opinions, to work on joint publications, and to collaborate in any other way within the framework of our research project.