A note on entrepreneurship from the academic literature

 

A note on entrepreneurship [from the academic literature]

Vimala Veeraraghavan. 2009. “Entrepreneurship and Innovation” Asia-Pacific Business Review. Vol. V, No. 1, January - March, pp. 14-20. ISSN: 0973-2470.

Idea 1: “Entrepreneurship is defined as the professional application of knowledge, skills and competencies and / or of monetizing a new idea, by an individual or a set of people by launching an enterprise de novo or diversifying from an existing one (distinct from seeking self employment as in a profession or trade), thus to pursue growth while generating wealth, employment and social good”;

 

Idea 2: “Schumpeter(1942) put forward five basic combinations for entrepreneurship and these include:

(i) Introduction of a new product

(ii) Introduction of a new method of production

(iii) Opening of a new market

(iv) Conquest of a new source of supply and

(v) Carrying out a new organization of industry”;

 

 

Simon C. Parker. 2011. “Intrapreneurship or entrepreneurship?” Journal of  Business Venturing 26 (2011) 19–34.

 Idea 3: “Intrapreneurship — also known as corporate entrepreneurship and corporate venturing — is the practice of developing a new venture within an existing organization, to exploit a new opportunity and create economic value. Entrepreneurship involves developing a new venture outside an existing organization”;

Idea 4: “A large body of theoretical research emphasizes the importance of human capital for understanding the determinants of startup organizing efforts. It is convenient at the outset to follow Becker (1964) by distinguishing between ‘general’ and ‘specific’ human capital. General human capital comprises skills, knowledge, experience and capabilities (such as those embodied in formal education) which are useful in a multitude of productive uses, including both existing organizations and new venture creation. Specific human capital in contrast refers to skills, experience, knowledge and capabilities, such as those imparted by firm-specific training programs, which are primarily useful to the organization which provides them”;