In my previous post, I considered entrepreneurship as creating business or initiationg a venture. But after I read some articles on entrepreneurship, I realized that etrepreneurship does have various definitions and is not solely about creating new business. Therefore, according to the lectures delivered by Jonas Dahlqvist, if you add innovation to business creation becomes entrepreneurship. So, entrepreneurship is wide and comprised of various roles of entrepreneur. According to Schumpeter, the entrepreneur is an economic agent that introduces new combinations into the economy. Which in turn is called as creative distruction and thus, it leads to economic development. At the other hand, Kizner says that entrepreneur can be a copycat or an innovator nd the important characteristic is that they “drive the market process”. So, here we see different views on the same concept called entrepreneurship.
As for me, I like when I read different views of opinion-leaders and think more broadly. I totally agree with Stevenson and Gumpert (1985) while saying that “the question for the would-be entrepreneur is: How can I make innovation, flexibility and creativity operational?” (p. 86) And then, he suggests to look at entrepreneural behaviour or process since it’s where we can find answer to that question. From my point of view, entrepreneurship is a process and every entrepreneur goes through this process by asking herself/hisself: where is the opportunity? How do I capitalize on it? What resources do I need? How do I gain control over them? What structure is best?
Finally, I am interested to search more on entrepreneurial process as involving two overlapping parts: one is discovery process and another exploitation process. Since discovery process entails initial conception and further refinement of business idea over time and exploitaion process involve the acquisition and coordination of the resources that are needed to realize the idea, as well as the identification and persuasion of would-be buyers, these two overlap at some point.
Stevenson, H.H., & Gumpert, D. E (1985). The heart of entrepreneurship. Harward Business Review.
Dahlqvist, J. (2008). Lecture August 27th: What is entrepreneurship? Retrieved 2008-08-27, from
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