Entrepreneurship and Enterprise Activity Research Paper

Entrepreneurship and Enterprise Activity - seek Paper ExampleWithin th fild of ntrprnurship studis, it is dbtd whthr th rtion of nw ombintions rquirs th rtion of nw orgnistion or if it is lso md possibl through innovtion in xisting orgnistion ().In omprison, th psyhologil hrtristis shool of ntrprnurship fouss on prsonlity ftors nd numbr of diffrnt spts hv bn xplord in th rsrh. Ths r prsonl vlus suh s honsty, duty, rsponsibility nd thil bhviour, risk-tking propnsity, th nd for hivmnt (Mlllnd, 2000) nd lous of ontrol (Story, 2001 p25). dhrnts to this shool of thought do not bliv tht ntrprnurs n b dvlopd or trind in th lssroom. Th lssil onomi shool is rfltd in th rsrh by uthors suh s ntillon (1992) nd Shumptr (1986). In ft Hjorth (2004) points out tht urop hs long stblishd trdition of ntrprnurship nd tht th trm ntrprnur drivs from th Frnh vrb ntrprndr, mning to undrtk. Ky spts of this shool of thought r innovtion, rtivity nd disovry. In prtiulr, Shumptr (1986) sw th ntrprnur s somon who would disrupt th onomi quilibrium, th Shumptrin ntrprnur would b n innovtor providing th indispnsbl crusade for for pitlist onomi growth. Th mngmnt shool of ntrprnurship is bsd on th blif tht ntrprnurship n b tught (Spinos, 1997). s rsult, ntrprnurship is viwd s sris of lrnd tivitis with fous on th ntrl funtions of mnging firm. In omprison, th ldrship shool of ntrprnurship is oftn viwd s th non-thnil sid of th mngmnt shool s fous is upon th ntrprnur s popl mngr or s n fftiv ldr/mntor whos mjor rol is in motivting, dirting nd lding popl (ldrih, 1999). Th Frnh trdition ssoitd with th work of ntillon (1992) suggsts tht th ntrprnur is th ky figur who oprts within st of onomi mrkts. H hs th forsight to ssum unrtinty h rts to profit opportunitis nd brs unrtinty. This ontrsts with th Grmn-ustrin trdition rprsntd by Shumptr (1986) whr th Shumptrin ntrprnur plys disquilibrting rol by innovting, i.. introduing nw goods or mthods of prodution nd th opning of nw mrkts.Th higo trditi on is ssoitd with th work of gentle (2000), who suggsts tht ntrprnurs r rsponsibl for thir own tions. ntrprnurs r prprd to tk risks in n unrtin nvironmnt. Knight lso suggstd tht ntrprnurs hv skills nd omptnis tht nbl thm to sussfully o-ordint sr rsours, whih distinguishs thm from othr individuls.