Category: Entrepreneurship
The Entrepreneurship Propensity System
A system can be described as being in a certain state, containing “stock”, with inflows (new ventures) and outflows (business failures). At any given time,…
Opportunity vs Necessity and Maslow’s Hierarchy of Needs
There are many reasons why a person becomes an entrepreneur, based on one of two common motivators in the form of opportunity-driven and necessity-driven entrepreneurship.1…
Entrepreneurship and the Entrepreneur
Entrepreneurship can be defined as an economic function in which an entrepreneur acts independently to carry out commercial activities for the purpose of earning a…