In this essay, our purpose is to prove that diversity in an entrepreneurial team often leads to success and that, reciprocally, failures may often be explained by the narrow-mindedness resulting from a too homogeneous partnership. When we talk about diversity, we talk about complementary intellectuals, with cultural and technical assets and backgrounds. If there is diversity, there should never, ever, whatsoever, be any misunderstanding when it comes to the goals and strategy of the new firm, and if possible a convergence in the partners interests. However, there is no magic solution in entrepreneurship or we would all be rich; the point is that the more diversity, the more knowledge, the bigger the networks, the more the financial resources, hence our conclusion advocating a thorough dual-competencies training of the entrepreneur, making the existence of entrepreneurship studies even more relevant. This research essay is three-fold: the first section raises the issue of diversity leading to successful entrepreneurial adventures, the second section looks at several cases in which too much homogeneity necessarily leads to failure, and, last but not least, the third section focuses on looking for entrepreneurial success, going over family businesses and very well educated entrepreneurs, in order to validate our initial statement.
APA Style reference
For your bibliographyOnline reading
with our online readerContent validated
by our reading committee