Time and Risk Entrepreneurial Characteristics of Growth: The Case of Persisted Light Industrial Prototypes

Abstract

This article is about the role of entrepreneurial perception of time and risk vis à vis structural change and growth. Entrepreneurship is a basic constituent element of social capital which in turn is a productive lubricant of the growth process. Different structural entrepreneurial prototypes with respect to time and risk have different structural change effects. Those structural changes (and any structural changes) are not neutral as far as the implications of growth rate changes are concerned. Therefore the time and risk characteristics of active entrepreneurship are reflected in the growth process either in the form of structural change and/or in the form of growth rate change

Using Interactive Management to Identify, Rank and Model Entrepreneurial Competencies as Universities’ Entrepreneurship Curricula

“…'Risk perception' is an individual's assessment of how controllable uncertainty is (Petrakis, 2010). 'Risk propensity' is defined as an individual's existing tendency to take or avoid risk, or a company's willingness to engage in business ventures in which the outcome may be highly uncertain (Leko-Šimić, Horvat & Forjan, 2007) who is one of the first authors to formally use the term 'entrepreneurship' indicated that the main factor that distinguishes entrepreneurs from employed workers was the uncertainty and risk taken on by the former (Entrialgo et al, 2000).…”

“…The Journal of Entrepreneurship, 23, 1 (2014): 57-94 (Lans & Gulikers, 2010, Petrakis, 2010Rezaei & Rahsepar, 2009;Shaver, 2009) have noted the importance of risk taking as an entrepreneurial competency, while others argue that risk-taking propensity is not strongly linked to entrepreneurial effort and outcomes (Izquierdo & Deschoolmeester, 2010). The latter group of scholars believe that successful entrepreneurs are not gamblers; they are more inclined to take moderate than high risks and they tend to assess and calculate risks carefully (Izquierdo & Deschoolmeester, 2010).…”