Entrepreneuring as Emancipation Rindova, Barry, and Ketchen 2009 Entrepreneuring: efforts to bring about new economic, social, institutional, and cultural environments through the actions of an individual or group of individuals → emancipatory process with broad change potential. This view foregrounds three aspects: (1) seeking autonomy, (2) authoring, and (3) making declarations. There exist four main approaches about what entrepreneurs distinguishes from managers: (1) creation of new organizations, (2) high-growth, high-wealth-creating businesses, (3) innovations and creation of new products and markets, and (4) recognition and pursuit of profitable opportunities. The underlying assumption is that wealth creation is a …show more content…
Seeking autonomy Autonomy is a goal of emancipation which is defined as breaking free from the authority of another. The hope for autonomy is one of the main drivers of efforts to become self-employed. Breaking free suggests the desire to make one’s own way in the world, breaking up draws attention to the striving to imagine and create a better world. Analyzing the seeking autonomy aspects of entrepreneuring opens up the following directions in entrepreneurship research: The breaking up aspect of emancipation resonates with the Schumpeterian view of entrepreneurship as “creative destruction”. However, the emancipatory view goes beyond the Schumpeterian view by attending to both the breaking free and the breaking up. Example: how do entrepreneurial efforts may be affected by different conceptualizations of autonomy? Escaping the default individualist assumptions derived from the disciplines of psychology and economics that have informed it, and theorizing and researching both deeply individualist and social aspects. It involves the breaking up of constraints. The emancipatory perspective sees creative destruction as one of its goals (instead of the mean). Entrepreneuring individuals and groups often solve technological and other problems because they are internally motivated to change their worlds. The emancipatory perspective suggests that understanding the
Definitions of entrepreneurship almost always involve the risk taking within the business world. Businessdictionary.com states “The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.” Why we want individuals to create new companies or even to grow products and ideas within an existing company is beyond the scope of this paper be we are going to assume that over all the outcome of this behavior is good for the organization, community, or country. There is little dispute that the United States was known for this behavior over the last two hundred years and it may be something that we are starting to lose. At least it is a behavior that we want to continue to foster.
Entrepreneurship involves entrepreneurial skills to develop, organize and manage a business venture by focussing on opportunities along with any of its risks in order to make a profit. Entrepreneurship is also an approach to management that can be applied in start-up situations as well as within established businesses. (Business Management: a contemporary compilation)
Independence: sense of independence can be one of the driving forces that lead to entrepreneurship. Various studies show that a strong need of financial independence is one of the most common characteristic of entrepreneurs worldwide.
An entrepreneur is “a person who organizes and manages a business with considerable initiative and risk”. In other definitions an entrepreneur “identifies an opportunity or a gap in a market and evaluates the risk related to the establishment of the business and is prepared to take the associated risk to start the business in the quest for making profit; and has the ability to obtain the resources to establish and grow a business”. Entrepreneurship exceedingly relies on entrepreneurs to start-up, develop and produce companies across the use of their
Entrepreneurship offers independence as entrepreneurs make their own decisions and are not restricted by company policy.
Entrepreneurship is difficult to define throughout its history research. Even nowadays, this concept is still a debatable point (Rajendra, et al., 2017). Based on four decades of research, Gartner (1988) concludes that entrepreneurs are founders of new firms. Shane and Venkataraman (2000) consider entrepreneurship as “a new venture’s risk-taking endeavor seeking an opportunity” and Fortunato (2014) adds innovative value into the concept of entrepreneurship. Thus, research on the definition of entrepreneurship continue. According to those diverse views, I will interpret six unique entrepreneurial characteristics and theoretically analyze each one. Risk taker, need for achievement and proactivity as my strengthens will be illustrated with my experience. Innovativeness, internal locus of control and tolerance for ambiguity are my weaknesses, thus I will describe relevant successful Entrepreneurs’ experiences.
According to economist Lester Thurow, “Entrepreneurs … bring the new technologies and the new concepts into active commercial use. They are the change agents of capitalism” (Murray, 2015). Based on this definition, to be an entrepreneur, these individuals must take a new idea or some creative thought, and actually derive commercial viability from it. The historical study of entrepreneurship was particularly concerned with understanding the process of structural change and development within economies. Joseph Schumpeter, a 20th century economic and political thinker, was well known for his theory describing entrepreneurial activity as one of the key drivers of economic growth. Further, Schumpeter coined the term “creative destruction”; the act of new innovations replacing old innovations (Joseph Schumpeter HBS).
Entrepreneurship is the process of starting a business or other organization in which the ‘Entrepreneur’ develops a business plan and is fully responsible for its success or failure.
Entrepreneurship is an organized effort that is aimed at pursuing a unique, innovative opportunity so as to make quick, profitable growth. Similarly, entrepreneurial opportunities are those circumstances where new goods, services, raw materials and organizing methods may be brought into the market at be sold at a higher value than their cost of production. These opportunities can be differentiated from other opportunities for profit since they entail the discovery of new means-ends relationships and not building on the existing means-end structures (Legge and
There have been dozens of definitions of entrepreneurship. The first of those is the phenomenon that some people, rather than working for somebody else under an employment contract, strike out on their own and become self-employed. These economic entities involve some element of innovation at start-up, and some degree of innovativeness is needed to survive over time. However, innovation is not central to this phenomenon. It is to the second social reality. This reality involves the development and renewal of any society, economy or organization, which is based on micro-level actors who have the initiative and persistence to make change happen. In this reality, ‘entrepreneurship’ means the creation of new economic activities and organizations as well as the transformation of existing ones .
The definition of entrepreneurship has been debated among scholars, educators, researchers, and policy makers since the concept was first established in the early 1700’s. The term “entrepreneurship” comes from the French verb “entreprendre” and the German word “unternehmen”, both means to “undertake”. Bygrave and Hofer in1891 defined the entrepreneurial process as ‘involving all the functions, activities, and actions associated with perceiving of opportunities and creation of organizations to pursue them’. Joseph Schumpeter introduced the modern definition of ‘entrepreneurship’ in 1934. According to Schumpeter, “the carrying out of new combinations we call
Entrepreneurship refers to the ability and willingness to design, develop and organize a business in order to realize profits. This is inclusive of management and risk taking in order to get profitable returns. In economics, entrepreneurship refers to the capacity to combine the factors of production such as labor, land and capital in order to realize profits. An entrepreneur is any person with the ability to manage, assume the risk, and conduct business in order to gain profits. An entrepreneur can identify opportunities, combine locally available resources, and make a plan to start a business. In simple terms, an entrepreneur is someone who can create value in resources. Entrepreneurship is a day-to-day activity where an entrepreneur regularly comes up with new ways of doing business and creating value in order to meet the needs and expectations of customers or consumers.
Entrepreneurship refers to the act of investing in productive capital and assuming risk for productive ventures. An entrepreneur is an individual who purchases factors of production and combines them to produce consumable output. Entrepreneurs are distinguished from capitalists- who rent out capital to entrepreneurs- and workers, who sell their labor to entrepreneurs. Entrepreneurs are indispensable to the functioning of any economy. Entrepreneurs grow economies by creating new output, increase efficiency in economies, allocate society’s resources efficiently, and serve consumers and job-seekers.
The entrepreneurial function implies the discovery, assessment and exploitation of opportunities, in other words, new products, services or production processes; new strategies and organizational forms and new markets for products and inputs that did not previously exist (Shane and Venkataraman, 2000). The entrepreneurial opportunity is an unexpected and as yet unvalued economic opportunity. Entrepreneurial opportunities exist because different agents have differing ideas on the relative value of resources or when resources are turned from inputs into outputs. The theory of the entrepreneur focuses on the heterogeneity of beliefs about the value of resources (Alvarez and Busenitz, 2001: 756). Entrepreneurship – the entrepreneurial function, can be conceptualized as the discovery of opportunities and the subsequent creation of new economic activity, as a majority or active shareholder who, in many small and medium–sized firms, assumes both the entrepreneurial and managerial functions (Reynolds, 2005).
-According to R.M.Hodgehs,-‘Entrepreneurship is the process of organizing, managing and assuming the risk of a business.”