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Nature Of Entrepreneurship Essay

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ORIGINS AND EVOLUTION OF THE CONCEPTS OF THE ENTREPRENEUR AND ENTREPRENEURSHIP
It is commonplace to find the terms of entrepreneurship and small business used interchangeably in the literature, however, Thurik and Wennekers (2004), Longenecker, Moore and Petty (2003) and Burns (2001) suggest the two terms are related but not synonymous. Most texts on entrepreneurship start by defining, or at least attempt to define entrepreneurship. However, by screening the multitude of definitions, one realises that there is no generally accepted or agreed upon definition for the term entrepreneurship, despite all the interest shown in this discipline (Kirby, 2003; Hisrich and Peters, 2002; Gray, 2002; Bygrave and Hofer, 1991; Chell, Haworth and Brealey, 1991;). Kuratko and Hodgetts (1995: 7) caution readers by noting that “the study of entrepreneurship is still emerging” and as such the debate must be encouraged and thus the fact that there is no one correct and accepted definition will further encourage debate. Kuratko and Hodgetts (1995: 16) contend that entrepreneurship is an “interdisciplinary concept” and this is evidenced in the multitude of definitions. The interdisciplinary nature of entrepreneurship implies various approaches to aid the understanding of this field. It is necessary to briefly mention these approaches in order to better …show more content…

An example of political displacement might be the introduction of laws that limit a particular industry. An example of cultural displacement might be the issues of race, religion, ethnic background and sex that afflict minority groups who might feel persecuted and move towards an entrepreneurial venture (Kuratko and Hodgetts, 1995). An example of economic displacement might be an individual

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