Entrepreneurship in motion: Towards an interdisciplinary and an eclectic perspective

During the past two decades there has been a heightened policy and research interest in the entrepreneur and entrepreneurship in South Africa and other countries. The recent focus on entrepreneurship has made an understanding that the nature or role of entrepreneurs is essential for economic growth...

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Main Author: Darma Mahadea
Format: Article
Language:English
Published: AOSIS 2013-12-01
Series:The Southern African Journal of Entrepreneurship and Small Business Management
Online Access:https://sajesbm.co.za/index.php/sajesbm/article/view/31
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author Darma Mahadea
author_facet Darma Mahadea
author_sort Darma Mahadea
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description During the past two decades there has been a heightened policy and research interest in the entrepreneur and entrepreneurship in South Africa and other countries. The recent focus on entrepreneurship has made an understanding that the nature or role of entrepreneurs is essential for economic growth and business development. Without entrepreneurs, there cannot be any entrepreneurship, whether in a large or small venture. It is increasingly realized that SMME entrepreneurs and entrepreneurship are critical to the generation of output growth, employment creation, wealth expansion, revenue generation and poverty alleviation for individual and national prosperity, when many large firms are downsizing and retrenching labour, amidst a background of recessionary circumstances and fiscal stress. Entrepreneurship has been conceptualized by different schools of thought, stressing different functions, under diverse circumstances in different historical times. This paper critically examines the nature of entrepreneurship by selectively drawing from the economic, management and psychological schools. It then presents an eclectic view of entrepreneurship related to decision-making ability under conditions of uncertainty by individuals who have access to and can control the utilization of resources in response to opportunities. The paper offers some pointers for enhancing the supply of effective entrepreneurship at the national level in South Africa, and suggests that an interdisciplinary approach is needed to gain a better understanding of entrepreneurship.
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spelling doaj.art-6da27ad90e994e8aba7f9ec0ef347fe72022-12-22T03:40:30ZengAOSISThe Southern African Journal of Entrepreneurship and Small Business Management2522-73432071-31852013-12-0161213810.4102/sajesbm.v6i1.3128Entrepreneurship in motion: Towards an interdisciplinary and an eclectic perspectiveDarma Mahadea0UKZNDuring the past two decades there has been a heightened policy and research interest in the entrepreneur and entrepreneurship in South Africa and other countries. The recent focus on entrepreneurship has made an understanding that the nature or role of entrepreneurs is essential for economic growth and business development. Without entrepreneurs, there cannot be any entrepreneurship, whether in a large or small venture. It is increasingly realized that SMME entrepreneurs and entrepreneurship are critical to the generation of output growth, employment creation, wealth expansion, revenue generation and poverty alleviation for individual and national prosperity, when many large firms are downsizing and retrenching labour, amidst a background of recessionary circumstances and fiscal stress. Entrepreneurship has been conceptualized by different schools of thought, stressing different functions, under diverse circumstances in different historical times. This paper critically examines the nature of entrepreneurship by selectively drawing from the economic, management and psychological schools. It then presents an eclectic view of entrepreneurship related to decision-making ability under conditions of uncertainty by individuals who have access to and can control the utilization of resources in response to opportunities. The paper offers some pointers for enhancing the supply of effective entrepreneurship at the national level in South Africa, and suggests that an interdisciplinary approach is needed to gain a better understanding of entrepreneurship.https://sajesbm.co.za/index.php/sajesbm/article/view/31
spellingShingle Darma Mahadea
Entrepreneurship in motion: Towards an interdisciplinary and an eclectic perspective
The Southern African Journal of Entrepreneurship and Small Business Management
title Entrepreneurship in motion: Towards an interdisciplinary and an eclectic perspective
title_full Entrepreneurship in motion: Towards an interdisciplinary and an eclectic perspective
title_fullStr Entrepreneurship in motion: Towards an interdisciplinary and an eclectic perspective
title_full_unstemmed Entrepreneurship in motion: Towards an interdisciplinary and an eclectic perspective
title_short Entrepreneurship in motion: Towards an interdisciplinary and an eclectic perspective
title_sort entrepreneurship in motion towards an interdisciplinary and an eclectic perspective
url https://sajesbm.co.za/index.php/sajesbm/article/view/31
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