Non-Economic Perspectives on Entrepreneurship

Keith S. Glancey and Ronald McQuaid

Chapter 7 in Entrepreneurial Economics, 2000, pp 124-154 from Palgrave Macmillan

Abstract: Abstract This chapter concludes the examination of theoretical perspectives on entrepreneurship undertaken in Part II. Chapters 3 to 6 demonstrated that economic approaches have generally focused on the function of entrepreneurship in the economic system, rather than on the personal characteristics of those individuals who are entrepreneurial. However, economic theorists have recognized the importance of sociological factors such as social background and cultural attitudes, and psychological attributes such as creativity and imagination. In economic approaches the prime motivation to undertake entrepreneurial activities is utility maximization generally based upon profit and the intrinsic gains to the individual of undertaking entrepreneurial activity are relegated to relatively minor importance. Some would argue that without profit there is no entrepreneurship (although this view ignores the view of entrepreneurship as a form of behaviour).

Keywords: Small Business; Small Firm; Entrepreneurial Activity; Family Firm; Entrepreneurial Behaviour (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-98124-5_7

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DOI: 10.1057/9780333981245_7

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