By Philip A. Wickham
An updated, obtainable and rigorous exam of the speculation, examine and perform of entrepreneurship in all kinds and sizes of association.
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Additional info for Strategic Entrepreneurship (4th Edition)
A. G. (2003) ‘A model of strategic entrepreneurship: The construct and its dimensions’, Journal of Management, Vol. 29, No. 6, pp. 963–89. Fogel, G. (2001) ‘An analysis of entrepreneurial environment and enterprise devevelopment in Hungary’, Journal of Small Business Management, Vol. 39, No. 1, pp. 102–9. D. and Ibrayeva, E. (2000) ‘Environmental and psychological challenges facing entrepreneurial development in transitional economies’, Journal of World Business, Vol. 35, No. 1, pp. 95–110. McMillan, J.
We now enjoy the benefits of digital technology and yet we, as consumers, have not, personally, had to face the risks inherent in creating it. In effect, we have delegated that risk to the entrepreneurs who were active in developing the technology. Of course, entrepreneurs expect that in return for taking the risk they will be rewarded. This reward, the profit stream from their ventures, is the price that customers have ‘agreed’ to pay (not explicitly, but by being willing to pay an addition cost for the goods provided) so that they can have the benefits of the product and yet not face the risk of developing it.
Qxd 19/06/2006 11:48 Page 14 Part 1 The entrepreneur as an individual • Temperamental traits are those concerned with public actions – ‘how we do what we do’; for example, extroversion and introversion or internal versus external reference (whether we look inside ourselves or to the outside world for guidance and judgement on our actions) are temperamental traits. • Dynamic traits are those concerned with internal motivation – ‘why we do what we do’; they relate to internal drives. In an influential study in the early 1960s, David McClelland identified a ‘need for achievement’ (along with various other characteristics) as the fundamental driving trait in the personality of successful entrepreneurs.
Strategic Entrepreneurship (4th Edition) by Philip A. Wickham