Entrepreneurship

Entrepreneurship

Observing Trends in Entrepreneurship

Observing Trends in Entrepreneurship

Observing Trends in Entrepreneurship Identifying Opportunities of Observing Trends; The First approach to identifying opportunities is to observe trends and study how they create opportunities for entrepreneurs to pursue. The most important trends to follow are economic trends, social trends, technological advances, and political action and regulatory changes. As an entrepreneur or potential entrepreneur, it’s …

Identifying and Recognizing Opportunities

Identifying and Recognizing Opportunities

Identifying and Recognizing Opportunities Essentially, entrepreneurs recognize an opportunity and turn it into a successful business. An opportunity is a favorable set of circumstances that creates a need for a new product, service, or business. Most entrepreneurial ventures are started in one of two ways. Some ventures are externally stimulated. In this instance, an entrepreneur …

What is Entrepreneurship Theories and Empirical Research?

Entrepreneurship Theories and Empirical Research

Entrepreneurship Theories and Empirical Research Entrepreneurship theories and research remain important to the development of the entrepreneurship field. This paper examines six entrepreneurship theories with underlying empirical studies. These are: 1) Economic entrepreneurship theory, 2) Psychological entrepreneurship theory, 3) Sociological entrepreneurship theory, 4) Anthropological entrepreneurship theory, 5) Opportunity-Based entrepreneurship theory, and 6) Resource-Based entrepreneurship theory. …