Entrepreneurship

Résumé du document

Being an entrepreneur is more about doing something what one loves and especially something which can bring creativity, innovation and change. Over the last twenty years, entrepreneurship has been viewed mostly as the action of starting a new business and nothing more than it but a lot of economists decided to study the world of entrepreneurship and have drawn the conclusion that it was more about a certain spirit and also about an ability of opportunity spotting. Despite of the fact that a lot of people studied about the subject of entrepreneurship in the last four centuries, it is still difficult to provide a global definition of the term that everybody could agree with. Indeed a lot of things have been said or written about the subject, and the term entrepreneur has different meanings depending on the period of publication and the author who published the definition. Contrary to the popular belief, an entrepreneur is not automatically a person who looks for money or who tries really hard to create a business. Of course, it would be wrong to say that entrepreneurs don't like money or that they don't want to start their own business.

Extraits

[...] 27-57. Albany: State University of New York. Scheff, T. (1990). Micro-sociology. Chicago: UCE Scheff, T. (1997). Emotions, the social bond and human reality. Cambridge: CUP (David Goss, March 2005; Schumpeter's legacy? [...]

[...] But beside the economic aspect, the question that can be asked is what characteristics of their personality make entrepreneurs so different than the most people. One of the first of the psychological characteristics described by the authors is the need for achievement. It is one of the emotional factors that can have an influence on the motivation and thus on the opportunity seeking and exploitation which lead to the entrepreneurial process. People with a high need for achievement are more inclined to take risks in order to exploit opportunities because they prefer do things like solving problems or finding new ideas by their. [...]

[...] This point is really important because people who obtain Emotional Energy that way are particularly keen to be entrepreneurs. The opposite of this pride mode is called the shame mode or shame-based mode. It is characterized by David Goss (2005) as the fact that would defines people who “would be expected to be susceptible to routine conformity and lacking the Emotional Energy necessary to engage in radical innovation”. He says also that strong link between shame, anger, aggression, and rage can mean that it is capable of generating significant (negative) EE in this way. [...]

[...] But as the society is all the time moving and getting different, truth of today may not be the same as tomorrow and kinds of entrepreneurs as the ones described by Kirzner may be the ones that matter in tomorrow's society. Reference List Cantillon, R. (1931), "The Circulation and Exchange of Goods and Merchandise", in Higgs, H. (Eds),Essai sur la Nature du Commerce en Général, Macmillan, London, Say, J.-B. (1972), Traité d'économie politique, Editions Calmann Lévy, Paris (première édition : 1803). Schumpeter, J. [...]

[...] In a way this is why Schumpeter thinks that the innovative entrepreneur may find difficult to set up an innovative small company. That point can have a direct influence on the economy because one way to determine the health of an economy can be having a look on the number of small business creations. Indeed, new companies, even if it small ones, create job opportunities and make the economy being more dynamic because there is always something new (whatever the company goes well or not. [...]