“Millennipreneurship” vs Entrepreneurship: Exploring Emerging Dynamics in Entrepreneurial Competencies Among Generational Cohorts

Abstract

As part of the ongoing debate on ideal entrepreneurial competencies, this study seeks to introduce a generational dimension that explores how the generation an individual belongs to could be influential in determining their entrepreneurial competence. In its submission, this paper critically discusses the unique attributes of millennials in on how distinct they are in terms of personality traits from older generations (Baby Boomers and Generation X). The study reviews the literature on entrepreneurial competencies to map them to the personalities of various generational cohorts. The study then makes propositions as to why millennials possess unique entrepreneurial competencies that make them superior entrepreneurs than their predecessors. The findings of this study have significant implications for future research and practice as it offers a more defined basis for examining the competencies of entrepreneurs.