This paper is authored by S. Suryanarayanan, Associate Professor, Xavier Institute of Management and Entrepreneurship, Bangalore Inculcating entrepreneurial qualities in management students. In his famous article “ The discipline of Innovation “ ,Peter Drucker says that “Despite much discussion these days of the "entrepreneurial personality”, few of the entrepreneurs with whom I have worked during the last 30 years had such personalities. But I have known many people - salespeople, surgeons, journalists, scholars, even musicians-who did have them without being the least bit "entrepreneurial."What all the successful entrepreneurs I have met have in common is not a certain kind of personality but a commitment to the systematic practice of innovation.”
What Peter Drucker conveys is that besides acquiring entrepreneurial qualities, a person must be innovative to be successful. Innovation is the key trait of successful entrepreneurs .
In the case study “ Corporate entrepreneurship and innovation: The case of Google.Inc.” written by Todd A Finkle, CEO Eric Schmidt says , “I looked at Google as an extension of graduate school; similar kinds of people, similar kinds of crazy behavior, but people who were incredibly smart and who were highly motivated and had a sense of change, a sense of optimism. It was a culture of people who felt that they could build things; they could actually accomplish what they wanted and ultimately people stay in companies because they can achieve something.”
What Eric Schmidt conveys is that employees in Google behave like entrepreneurs; have freedom, crazy work habit, committed, innovative and so on. Innovation is key to successful employees not only in Google, but many companies. Innovation is therefore a common trait for successful person, name him entrepreneur or manager. Many books and articles provide an inventory of characteristics of an entrepreneur, like passion, commitment,...