Professional Documents
Culture Documents
Importance of Concept
Conceptual ambiguity
Who is an entrepreneur? Essential characteristics of entrepreneur? Which firms can be called entrepreneurial ventures?
Benefits of entrepreneurship?
Some explanations
Gets equated with small business ownership; self employment Essential characteristics of entrepreneur?
Should ownership of enterprise be omitted? Risk bearing Creation or exploitation of ideas Demographics
Some explanations
Introduction of new good; new methods of production; new market; new sources of supply; industrial reorganization.
Entrepreneur
Establishes and manages a Establishes and manages a business for principal business for principal purpose of profit and growth purpose of furthering personal goals. Characterized by innovative Business primary source of income and consumes behaviour majority of ones time and resources. Will employ strategic management practices in the Business perceived as extension of personality, business family needs, desires.
Www.VyaparHub.com | www.VyaparHub.in | www.VyaparHub.org | www.VyaparHub.net
Engages in behaviour that is aimed at profitability and growth. Business characterized by innovative strategic practices
Evolution as an area
Definition
Evolution as an area
Methodology
Data collection predominantly from small, independent enterprises implications for corporate entrepreneurship. Results of study by Carland et.al
Entrepreneurship distinct from small business ownership in terms of articulated venture strategies
Scholars not able to conceptualize motives and cognitive processes. Multiple perceptions exist
Success depend on factors prior to, during and after launching of new venture. Need to understand all parts and interaction between them.
Www.VyaparHub.com | www.VyaparHub.in | www.VyaparHub.org | www.VyaparHub.net
Conclusion
For field to evolve, conceptual and methodological issues need to be resolved. Trait and behaviour are inextricably linked. Probably case study methodology more suited, especially if objective is intervention. Institutional factors need to be incorporated.