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Entreprenurship in the United States and policy implications : cases from the Kauffman Foundation and Babson college : current issues

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Frame of Image urship has blurred nearly
beyond recognition, including terms such as new business creation, corporate entrepreneurship, social entrepreneurship, and public-sector entrepreneurship. Most of all, it is believed that opportunity-motivated business creation and innovating entrepreneur contribute directly to economic growth. Joseph A. Schumpeter, the great twentieth-century economist who has celebrated the role of the entrepreneur, described the entrepreneurial venture as “the fundamental engine that sets and keeps the capitalist engine in motion” by creating new goods, inventing new methods of production, devising new business models, and opening new markets.1) Peter Drucker, management guru, emphasized that entrepreneurs innovate and innovation is the specific instrument of entrepreneurship.2) According to David M. Hart, entrepreneurship is the processes of starting and continuing to expand new businesses.3) According to the European Commission, entrepreneurship is
1) Schumpeter, J.A.(1942), Capitalism, Socialism, and Democracy, Harper, New York, p. 83. 2) Drucker, P.F.(1985), Innovation and Entrepreneurship: Practice and Principles, Harper & Row, New York, p. 30. 3) Hart, D.M.(2003), The Emergence of Entrepreneurship Policy: Governance, Start-Ups, and Growth in the U.S. Knowledge Economy, Cambridge University Press, New York, p. 3.
multi-dimensional and can occur in different contexts, economic or other, and in all types of organizations. Focusing on entrepreneurship within a


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Title Entreprenurship in the United States and policy implications : cases from the Kauffman Foundation and Babson college
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Sub Title

current issues

Material Type Reports
Author(English)

Park, Jong-Bok; Yang, Hyun-Bong

Author(Korean)

박종복; 양현봉

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2009
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 13; no.6
Pages 14
Frequency Bimonthly
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Entrepreneurship
Holding KDI School of Public Policy and Management

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