The Resources Potential of the Innovative Entrepreneur

Sophie Boutillier ()
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Sophie Boutillier: LAB.RII - Laboratoire de Recherche sur l'Industrie et l'Innovation - ULCO - Université du Littoral Côte d'Opale - CNRS - Centre National de la Recherche Scientifique, CLERSÉ - Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019 - Université de Lille - CNRS - Centre National de la Recherche Scientifique

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Abstract: The resources potential has been established as an attempt to face the difficulty that neoclassical economists experience in trying to define with precision entrepreneurs and their modernizing effect on the economy, especially by building on Granovetter and Aldrich's contributions. This chapter defines innovative entrepreneurs based on the major economic theories of entrepreneurship, so as to get to the concept of the entrepreneur's resources potential. The social dimension of entrepreneurial behavior is evident as entrepreneurs, evolving within society, are constantly interacting with other economic agents. Knowledge-based and financial resources are fundamental. Despite their knowledge, entrepreneurs do not always easily access funding. The only way to overcome this obstacle is to activate one's network of social relationships. According to the theory of ignorance, economic agents are not aware of the decisions taken by other agents.

Keywords: entrepreneur; innovation (search for similar items in EconPapers)
Date: 2018-10
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Published in Uzunidis, Dimitri. Collective Innovation Processes: Principles and Practices, 4, ISTE Editions, pp.63-85, 2018, 978-1-119-55795-1

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04555326

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