Non-profit entrepreneurship: extending the concept of profit opportunities

Peter M. Frank

International Journal of Entrepreneurship and Innovation Management, 2006, vol. 6, issue 3, 224-240

Abstract: Entrepreneurship theory helps explain the market process and the means by which economic development occurs. The non-profit sector is an increasingly important component of economic development, yet the entrepreneurial process within this sector is largely unexplained. By expanding the economic literature on entrepreneurship, this paper establishes a conceptual framework for understanding the decision-making process of the non-profit entrepreneur. Extending the market notion of profit opportunities, the non-profit entrepreneur creatively acts in a non-market context by establishing an organisation that helps to coordinate individual plans and purposes.

Keywords: entrepreneurship; incentives; non-profit institutions; non-profit entrepreneurs; decision making; profit opportunities. (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijeima:v:6:y:2006:i:3:p:224-240

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