SOURCE: Polaris Media Group

Polaris Media Group

September 29, 2009 03:03 ET

Nurture vs. Nature: Can Entrepreneurial Skills Be Taught?

Research Finds Students Who Take Entrepreneurial Training and Start Businesses More Innovate Than Company Founders Who Skip the Class

LOS ANGELES, CA--(Marketwire - September 29, 2009) - The value of entrepreneurial training is being proven by research. That's according to the first phase of an ambitious study being conducted by the Ewing Marion Kauffman Foundation and the Small Business Administration. A team of researchers from the New York University Stern School and the New York University Stern School Berkley Center for Entrepreneurship & Innovation followed more than 5,500 students and graduates of five universities.

Initial results indicate -- not surprisingly -- that students who take entrepreneurial courses are more likely to launch, run or be employed by a start-up than others.

But the more insightful finding is that students who took an entrepreneurial course were more innovative than company founders who didn't. Those students had far more patents or copyrights (75% vs. 19%), new production processes (62% vs. 28%), and new services or products (86% vs. 18%). So much for the "nature" philosophy.

The "nurture" perspective was also supported in the research results, but with some caveats. In the first phase of the same study, undergraduate respondents who met two qualifications -- they defined themselves as "extroverted" and had a family member who was an entrepreneur -- had more intention to start a company than others. But they still scored lower on the innovation scale than the group who had entrepreneurial training.

"We believe deeply that entrepreneurial skills can be taught," stated Shane Krider, CEO, Polaris Media Group. "Creating and growing a business requires skills that are teachable, plus a dedication that can be fostered. That's a philosophy we live every day."

About Polaris Media Group

Polaris's mission is to help men and women achieve success and gain financial independence by providing effective educational materials and events that enhance self confidence and grow self reliance. The programs are based on the real possibility that individuals can create an improved lifestyle through an understanding of entrepreneurial skills and application of wealth creation strategies. We believe that the individual has the ability to realize their inherent potential and live a life of personal fulfillment. For more information, visit http://www.polarismediagroup.com.

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