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Entrepreneurship > Approaches to Entrepreneurship > Flashcards

Approaches to Entrepreneurship Flashcards

1
Q

What are the two basic schools of thought that shape the profile of an entrepreneur?

A

Behaviourist

Economist

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2
Q

The roles of an entrepreneur from economist perspective, are based on certain roles…

A

Arbitrageur
Innovator
Risk Bearer
Co-ordinator of scarce resources

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3
Q

Kirzner

A

Key ability is ‘creative alertness’

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4
Q

Schumpter

A

Innovator

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5
Q

Knight

A

Risk Taker

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6
Q

Casson

A

Organiser of resources

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7
Q

Socio-behavioural approaches recognise…

A

the importance of the environment and influence of culture on individuals

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8
Q

The discovery perspective suggests….

A

That entrepreneurs perceive opportunities which exist as a result of inefficiencies in the allocation of resources or imperfections in a market

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9
Q

The creative perspective suggests…

A

That opportunities are created by actions, reactions and enactments of entrepreneurs

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Entrepreneurship (12 decks)

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