Economic Process and Entrepreneurship
Journal Title: UNKNOWN - Year 2015, Vol 3, Issue 2
Abstract
There is a robust body of knowledge around the theory of Entrepreneurship, but the lack of a comprehensive and widely accepted view to describe this phenomenon is obvious. There is two main streams in entrepreneurship literature, first the Schumpeterian view which emphasizes on ideas, innovation and creativity and second view, known as Kirznerian point that views opportunities of market as the core of entrepreneurship .This conflict can be easily understood from Kirzner‟s words that says” Schumpeter‟s entrepreneur, I pointed out, was essentially disruptive, destroying the preexisting state of equilibrium. Entrepreneur, on the other hand, was responsible for the tendency through which initial conditions of disequilibrium come systematically to be displaced by equilibrative market competition”, which are paradoxical to some extent. In this paper, author believes that there can be issued a new conceptual framework about the entrepreneurship. This framework views entrepreneurship in an economic, product-transaction-based process. The value of entrepreneurial activities is arisen from mutual interests of human beings, which is the neglected part of Schumpeter and Kirzner‟s views to the phenomenon Entrepreneurship.
Authors and Affiliations
Mohsen Rezaei Mirghaed
Keywords
Related Articles
- EP ID EP323784
- DOI -
- Views 68
- Downloads 0
Invention, Innovation and Innovative practices: A reason to study in a VUCA perspective
Invention may be described as an action towards creating something new, typically a process or a device.' Innovation is described as an idea and its outcome interpreted as new by individuals and also seen as a multiple a...
Association of Total Shareholder Return with other value based measures of financial performance
Purpose- The purpose of this paper is to examine the relationship between total shareholder return (TSR) and other value based measures like created shareholder value (CSV), market value added (MVA), and economic profit...
Impact of Financial Leverage on Market Value Added: Empirical Evidence from India
The paper aims at analyzing the impact of financial leverage on market value added in the context of companies listed on Bombay Stock Exchange and provide empirical evidence. The study covers 197 companies classified as...
The Multiple Perception of Innovation: The Case of Micro and Small Enterprises in the Region of Eastern Macedonia and Thrace
This paper explores how innovation is perceived, on the one hand, by the scientific literature and, on the other, by the everyday practice of small and micro enterprises operating in the less developed socioeconomic syst...
SME’s Enterprise Resource Planning Implementation, Competitive Advantage, and Marketing Performance
Enterprise Resource Planning (ERP) is an integrated application software for widespread use in the organization. The aim of this study is to determine factors that affect the successful implementation of ERP in Small and...