The Entrepreneurial Society

Georg Weiers
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Georg Weiers: African Development Bank

Chapter 3 in Innovation Through Cooperation, 2014, pp 35-58 from Springer

Abstract: Abstract How has innovation happened so far? After the Second World War, innovation was mainly a corporate process. In-house researchers were tasked to innovate for firms. Towards the end of the 20th century, entrepreneurship became more and more important where anyone with a bright idea and the skills and means to set up a firm could innovate. An Entrepreneurial Society arose, ‘an economy full of innovators and entrepreneurs, with entrepreneurial vision and entrepreneurial values, with access to venture capital, and filled with entrepreneurial vigor’. Now innovation is essentially equated with entrepreneurship. Innovation is entrepreneurship. Entrepreneurs are hailed the modern economic heroes, the bringers of growth and prosperity.

Keywords: Small Business; Venture Capital; Entrepreneurial Activity; Global Entrepreneurship Monitor; World Economic Forum (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-319-00095-4_3

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DOI: 10.1007/978-3-319-00095-4_3

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