A Mathematical Formalization Proposal for Business Growth

Abstract

Economic sciences have known a spectacular evolution in the last century; beginning to use axiomatic methods, applying mathematical instruments as a decision-making tool. The quest to formalization needs to be addressed from various different angles, reducing entry and operating formal costs, increasing the incentives for firms to operate formally, reducing obstacles to their growth, and searching for inexpensive approaches through which to enforce compliancy with government regulations. This paper proposes a formalized approach to business growth, based on mathematics and logics, taking into consideration the particularities of the economic sector.

The Path to Entrepreneurship: The Role of Social Networks in Driving Entrepreneurial Learning and Education

“…The concept of a Community of Practice (CoP) is defined as a group of individuals who share common interests in a specific topic or domain and develop knowledge and expertise through regular interaction, known as the practice (C. Wenger, 2011). This collective and collaborative learning process involves the members of the network interacting with each other to share knowledge and is a useful framework for real learning where knowledge can be applied (Ardichvili, 2008;Târnăveanu, 2012;E. C. Wenger & Snyder, 2000).…”

“…Wenger, 2011). This collective and collaborative learning process involves the members of the network interacting with each other to share knowledge and is a useful framework for real learning where knowledge can be applied (Ardichvili, 2008; Târnăveanu, 2012; E. C. Wenger & Snyder, 2000).…”