Determinant Of Entrepreneurship Research Essay

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2.1.4 Determinant of Entrepreneurship Past research on entrepreneurship predominantly centres on entrepreneurial motivations; it was accepted that the entrepreneurial panache, risks taking proclivities and the craving to create a business were intrinsic in the individual. This motivation was referred to variously in the literature by Schumpeter (1934) as an innovative drive, McLelland (1961) as a ‘need for achievement’, and Rotter (1954) as ‘locus of control’. The intrinsic qualities have been identified to include the degree to which a spirit of enterprise exist or can be aroused to respond to uncertainty and competition (Carter and Jones-Evans, 2000, p.98). Many other variable factors feed into the personality of an entrepreneur, aside the …show more content…

They then outline two key issues surrounding the purpose of entrepreneurship research; firstly, to determine the extent to which entrepreneurship research generates knowledge that aids the creation of new economic activity or new organisations. Secondly, to determine whether entrepreneurship research should be restricted to micro level issues or should seek to explain the role of new enterprise or new organisations in societal …show more content…

Entrepreneurship can be expressed in a number of contexts, for instance it can be studied based on its definition as the establishment of new firms (Bull et al., 1995; Low & MacMillan, 1988) but this limits the study to business start-ups and their early growth. Likewise, acquiring a franchise or an existing venture or firm can be regarded as entrepreneurship (Gartner, 1984). It can also be based on Schumpeter’s (1934) and Baumol’s (1990) process-driven view secured in time and space specificity. Yeung (2002, p.37) adopted this framework by envisaging that entrepreneurship involves taking risks to establish, integrate and sustain operations and stresses that ‘an entrepreneur may not forever be an entrepreneur because he or she may lose entrepreneurship over time or in different

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