Is Entrepreneurship a Teachable Profession? An Examination of the Effects of Entrepreneurship Education and Experience

22 Pages Posted: 25 Mar 2014

See all articles by Ed Marram

Ed Marram

Babson College

Julian Lange

Babson College - Arthur M. Blank Center for Entrepreneurship

David Brown

Babson College

Joel Marquis

Babson College

William D. Bygrave

Babson College - Arthur M. Blank Center for Entrepreneurship

Date Written: March 22, 2014

Abstract

We examined the conflicting claims of Schumpeter, who stated that entrepreneurship is not a profession, and Drucker, who wrote that entrepreneurship is a discipline that can be learned (and presumably taught). We studied the effects of an entrepreneur’s education and experience on the startup and subsequent operating performance of a new venture. Taking entrepreneurship courses enhanced the amount of startup capital raised, but real-world experience enhanced it more. However, neither taking entrepreneurship courses nor learning how to write a business plan had any effect on the subsequent operating performance of the business. Previous entrepreneurship experience enhanced the amount of startup capital raised but did not improve the operating performance. In contrast, professional experience in general — rather than entrepreneurship-specific — gained after graduation before starting a business improved operating performance.

Keywords: entrepreneurship, performance, education, experience

JEL Classification: M13

Suggested Citation

Marram, Ed and Lange, Julian and Brown, David and Marquis, Joel and Bygrave, William D., Is Entrepreneurship a Teachable Profession? An Examination of the Effects of Entrepreneurship Education and Experience (March 22, 2014). Available at SSRN: https://ssrn.com/abstract=2412932 or http://dx.doi.org/10.2139/ssrn.2412932

Ed Marram

Babson College ( email )

231 Forest St.
Babson Park, MA 02457-0310
United States

Julian Lange

Babson College - Arthur M. Blank Center for Entrepreneurship ( email )

231 Forest Street
Babson Park, MA 02457-0310
United States

David Brown

Babson College ( email )

231 Forest St.
Babson Park, MA 02457-0310
United States

Joel Marquis

Babson College ( email )

231 Forest St.
Babson Park, MA 02457-0310
United States

William D. Bygrave (Contact Author)

Babson College - Arthur M. Blank Center for Entrepreneurship ( email )

231 Forest Street
Babson Park, MA 02457-0310
United States

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