Entrepreneurship is just a stage in the enterprise lifecycle

Fachartikel 510

Fachbereich
Betriebswirtschaftslehre
Fachrichtung
Entrepreneurship
Artikel
2012
Sprache
englisch

Beschreibung

Most new businesses commence with someone seeing an opportunity and developing the resulting idea into a visualized product, service, or event in the future. This is the result of perception, an interpretation, combining perceptions and interpretations with prior knowledge into an idea, and the development of the motivation to take action upon that idea. In most cases the idea does not exactly fit the metaphorical dimensions of the opportunity and the manifested products, strategies, resources, capabilities, and organization must be manipulated until there is a tight fit. These actions when yielding positive results create a new source of value which the enterprise is able to benefit from. This dynamic construct can be seen as the product of an entrepreneurial mindset, and the resulting actions as entrepreneurial behavior.

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