Entreprenuership Development Programme
INTRODUCTION-
Concept and classification of entrepreneurship
"Good science has to begin with good definitions" Source: Bygrave & Hofer (1991, p.13)
The term entrepreneurship has a history that dates back to 1732, when the Irish economist Richard Cantillon used the word in reference to individuals with "a willingness to carry out forms of arbitrage involving the financial risk of a new venture" (Minniti & Lévesque, 2008: 603). The active form of entrepreneur, "entreprendre", can be translated as "to undertake or start something". Researchers and "economists such as Mill (1870), Say (1857), Knight (1921), Schumpeter(1934), Kirzner (1973, 1997), Baumol (1990,2002) are among the most influential contributors to our understanding of entrepreneurial behaviour..." (Minniti et al., 2008: 603).
An entrepreneur is a leader of excellence, trailblazer and pioneer who constantly brings change to their generation(Anyado ,2013) . Many researchers argue that entrepreneurship as such is still a field with no clear boundaries and that it lacks a clear conceptual framework (Bruyat
& Julien, 2001; Busenitz et al., 2003; Ireland & Webb, 2007; Shane & Venkataraman, 2000).
The entrepreneur is solely concerned with opportunity recognition and exploitation, although the opportunity that is recognised depends on the type of entrepreneur(Shane & Venkataraman, 2000).
There are many different types contingent upon environmental and personal circumstances (Ucbasaran et al., 2001) ; it has been argued that entrepreneurs are not that distinctive, but that it is in essence unrealistic preconceptions about "non-entrepreneurs" that maintain laudatory portraits of "entrepreneurs (Ramoglou, 2011).,
Entrepreneurs can be distinguished in three main types: Darwinians, Communitarians and Missionaries. These types of founders not only diverge in fundamental
Concept and classification of entrepreneurship
"Good science has to begin with good definitions" Source: Bygrave & Hofer (1991, p.13)
The term entrepreneurship has a history that dates back to 1732, when the Irish economist Richard Cantillon used the word in reference to individuals with "a willingness to carry out forms of arbitrage involving the financial risk of a new venture" (Minniti & Lévesque, 2008: 603). The active form of entrepreneur, "entreprendre", can be translated as "to undertake or start something". Researchers and "economists such as Mill (1870), Say (1857), Knight (1921), Schumpeter(1934), Kirzner (1973, 1997), Baumol (1990,2002) are among the most influential contributors to our understanding of entrepreneurial behaviour..." (Minniti et al., 2008: 603).
An entrepreneur is a leader of excellence, trailblazer and pioneer who constantly brings change to their generation(Anyado ,2013) . Many researchers argue that entrepreneurship as such is still a field with no clear boundaries and that it lacks a clear conceptual framework (Bruyat
& Julien, 2001; Busenitz et al., 2003; Ireland & Webb, 2007; Shane & Venkataraman, 2000).
The entrepreneur is solely concerned with opportunity recognition and exploitation, although the opportunity that is recognised depends on the type of entrepreneur(Shane & Venkataraman, 2000).
There are many different types contingent upon environmental and personal circumstances (Ucbasaran et al., 2001) ; it has been argued that entrepreneurs are not that distinctive, but that it is in essence unrealistic preconceptions about "non-entrepreneurs" that maintain laudatory portraits of "entrepreneurs (Ramoglou, 2011).,
Entrepreneurs can be distinguished in three main types: Darwinians, Communitarians and Missionaries. These types of founders not only diverge in fundamental
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