Scheller Business Insights is a dynamic video series that highlights the innovative thought leadership of the esteemed faculty at the Georgia Tech Scheller College of Business. At Scheller, we are committed to exploring ideas that educate and inform others about the profound impact of business on our lives and the world.
In this episode, Karthik Ramachandran, Dunn Family Professor of Operations Management, examines whether entrepreneurs are born or made and explores the skills entrepreneurs need to succeed. Drawing on his previous research, he believes developing critical decision-making skills is essential, including learning how to take customer feedback and knowing whether to stay on course or pivot when faced with a particular challenge.
According to the U.S. Department of Treasury, entrepreneurship is on the rise, with the U.S. witnessing an average of 430,000 new business applications per month in 2024, an increase of 50 percent from 2019. Yet, year over year, around 90 percent of startups fail. So what can entrepreneurs do to ensure they're in the 10 percent who succeed?
Listen as Ramachandran discusses the critical skills every entrepreneur needs to see their company succeed and whether they can be developed over time.
