DINAMICS OF THE ENTREPRENEURSHIP CONCEPT. LITERATURE REVIEW
The purpose of this theoretical paper is to analyze the concept of entrepreneurship while following the approaches taken by scholars over time in this field of research. Four entrepreneurship theories which are relevant for the analysis and practice of entrepreneurship will be explained and compared...
| Main Authors: | , |
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| Format: | Article |
| Language: | deu |
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University of Oradea
2014-07-01
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| Series: | Annals of the University of Oradea: Economic Science |
| Subjects: | |
| Online Access: | http://anale.steconomiceuoradea.ro/volume/2014/n1/046.pdf |
| _version_ | 1811338383419506688 |
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| author | Cosma Dorin Galceava Sinel Alexandru |
| author_facet | Cosma Dorin Galceava Sinel Alexandru |
| author_sort | Cosma Dorin |
| collection | DOAJ |
| description | The purpose of this theoretical paper is to analyze the concept of entrepreneurship while following the approaches taken by scholars over time in this field of research. Four entrepreneurship theories which are relevant for the analysis and practice of entrepreneurship will be explained and compared. In a continuously and rapidly changing world, like the one today, information and knowledge seem to be of most interest for entrepreneurs. The current central element of entrepreneurship within the academic world is considered to be the notion of opportunity. Nonetheless, this has not always been the situation in entrepreneurship research and as a result, during this paper I will follow the evolution of entrepreneurship as a concept and I will point out a series of findings relevant for its analysis and practice. Consequently, I have considered choosing two theories focused on the notion of opportunity, namely Drucker’s theory of entrepreneurship and Burt’s theory of entrepreneurship. Additionally, I have used Schumpeter’s theory of entrepreneurship because of its major influence over both the theoretical and practical aspects of entrepreneurship and von Hayek’s theory of entrepreneurship because of its role in signalizing the significance of practical knowledge within the research of entrepreneurship. Each of these four theories is analyzed and strengths and drawbacks are pointed out. The comparison which resumes the paper takes into consideration the theories authors’ profiles, their backgrounds and the moment in time when the theories have been stated. It will be possible for the reader to observe that the concept of entrepreneurship has changed in time and implicitly the trend in entrepreneurship research has altered from a theoretical approach to a much more practical one. The main driver for this change was the business environment, which was forced to continuously search for improvement measures in order to survive. These improvement measures relied always on discovering new opportunities and therefore, nowadays the scholars worldwide consider the notion of opportunity to be the paramount element of entrepreneurship. |
| first_indexed | 2024-04-13T18:09:54Z |
| format | Article |
| id | doaj.art-0f0e20e6bc814a84a87bf844d40fea93 |
| institution | Directory Open Access Journal |
| issn | 1222-569X 1582-5450 |
| language | deu |
| last_indexed | 2024-04-13T18:09:54Z |
| publishDate | 2014-07-01 |
| publisher | University of Oradea |
| record_format | Article |
| series | Annals of the University of Oradea: Economic Science |
| spelling | doaj.art-0f0e20e6bc814a84a87bf844d40fea932022-12-22T02:35:56ZdeuUniversity of OradeaAnnals of the University of Oradea: Economic Science1222-569X1582-54502014-07-01231445451DINAMICS OF THE ENTREPRENEURSHIP CONCEPT. LITERATURE REVIEWCosma Dorin0Galceava Sinel Alexandru1 West University of Timisoara, Faculty of Economics and Business Administration, Finance DepartmentWest University of Timisoara, Faculty of Economics and Business Administration, Finance DepartmentThe purpose of this theoretical paper is to analyze the concept of entrepreneurship while following the approaches taken by scholars over time in this field of research. Four entrepreneurship theories which are relevant for the analysis and practice of entrepreneurship will be explained and compared. In a continuously and rapidly changing world, like the one today, information and knowledge seem to be of most interest for entrepreneurs. The current central element of entrepreneurship within the academic world is considered to be the notion of opportunity. Nonetheless, this has not always been the situation in entrepreneurship research and as a result, during this paper I will follow the evolution of entrepreneurship as a concept and I will point out a series of findings relevant for its analysis and practice. Consequently, I have considered choosing two theories focused on the notion of opportunity, namely Drucker’s theory of entrepreneurship and Burt’s theory of entrepreneurship. Additionally, I have used Schumpeter’s theory of entrepreneurship because of its major influence over both the theoretical and practical aspects of entrepreneurship and von Hayek’s theory of entrepreneurship because of its role in signalizing the significance of practical knowledge within the research of entrepreneurship. Each of these four theories is analyzed and strengths and drawbacks are pointed out. The comparison which resumes the paper takes into consideration the theories authors’ profiles, their backgrounds and the moment in time when the theories have been stated. It will be possible for the reader to observe that the concept of entrepreneurship has changed in time and implicitly the trend in entrepreneurship research has altered from a theoretical approach to a much more practical one. The main driver for this change was the business environment, which was forced to continuously search for improvement measures in order to survive. These improvement measures relied always on discovering new opportunities and therefore, nowadays the scholars worldwide consider the notion of opportunity to be the paramount element of entrepreneurship.http://anale.steconomiceuoradea.ro/volume/2014/n1/046.pdfentrepreneurship, innovation, practical knowledge, network theory |
| spellingShingle | Cosma Dorin Galceava Sinel Alexandru DINAMICS OF THE ENTREPRENEURSHIP CONCEPT. LITERATURE REVIEW Annals of the University of Oradea: Economic Science entrepreneurship, innovation, practical knowledge, network theory |
| title | DINAMICS OF THE ENTREPRENEURSHIP CONCEPT. LITERATURE REVIEW |
| title_full | DINAMICS OF THE ENTREPRENEURSHIP CONCEPT. LITERATURE REVIEW |
| title_fullStr | DINAMICS OF THE ENTREPRENEURSHIP CONCEPT. LITERATURE REVIEW |
| title_full_unstemmed | DINAMICS OF THE ENTREPRENEURSHIP CONCEPT. LITERATURE REVIEW |
| title_short | DINAMICS OF THE ENTREPRENEURSHIP CONCEPT. LITERATURE REVIEW |
| title_sort | dinamics of the entrepreneurship concept literature review |
| topic | entrepreneurship, innovation, practical knowledge, network theory |
| url | http://anale.steconomiceuoradea.ro/volume/2014/n1/046.pdf |
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