Entrepreneurship and Innovation

Abstract

The paper considers the importance of interaction of entrepreneurship and innovation. Tracing the definition of entrepreneurship, the paper puts forward some of the important characteristics of entrepreneur-ship and how it has evolved over a period of time and what exactly it is today. Discussing the types of entrepreneurship, the paper presents the characteristic traits of entrepreneurs and how to profile them. The ability to take risks and indulge in creative destruction and innovation are shown as distinguishing features of entrepreneur. Differentiating creativity, invention and innovation, the paper presents certain major theories of entrepreneurship which could help predict the entrepreneurial capabilities in a person. Finally the paper presents the importance of innovation and the form it should take and how entrepreneurship is a combination of many factors including the family background and ability to take risks and innovate and put forward new ideas and concepts and implement the same.

Inovação Em Serviço Orientada Para Gestão De Resíduos: Estudo De Caso Em Uma Prestadora De Serviços Na Região Metropolitana De Belo Horizonte

“…Este crescimento organizacional apontado por Norrman e Bager-Sjögren (2010) pode ser explicado pela forma como as inovações são alcançadas. Veeraraghavan (2009) sugere uma combinação de muitos fatores como fundamentais na tarefa de empreender, incluindo o histórico familiar, habilidade para assumir riscos e forma de colocar novas ideias para serem realizadas. O empreendedor precisa de características distintas: jeito para tratar riscos e conhecimento sobre a destruição criativa (Schumpeter,1934).…”

El intraemprendimiento y su impacto en el desarrollo del sector de autopartes colombiano

“…El concepto de emprendimiento surge inicialmente de la unión de los vocablos francés entreprendre, y alemán unternehmen, que significan emprender (Veeraraghavan, 2009). Este vocablo emprendedor se asume como de origen francés y se refiere a quien asume riesgos, es decir, aquel que persigue beneficios y trabaja en equipo o individualmente, innovando, creando oportunidades de negocio (Hisrich, 1990;Bruneau & Machado, 2006).…”

A conceptual framework for measuring entrepreneurship and innovation of young hi-technology firms

“…Then entrepreneurship helps to generate new idea for economy, create culture of independence, risk taking and confidence. As a result, the combination of the factors of innovation and entrepreneurship leads to businesses achievement [13].…”

“…While, innovation at all segments and organization levels is imperative for organizations [10] as it involves a complex process with multiplex links between new technology and science as well as capability producers and buyers [11] and, as a result, the businesses can build up the technological capabilities that will allow them to innovate better than other firms [12]. Veeraraghavan [13] concluded that a combination of the Innovation and entrepreneurship factors would lead to successful businesses.…”