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Considerations Regarding the Relevance of Failures in Entrepreneurial Development

Author

Listed:
  • Manoela Popescu

    (Christian University "Dimitrie Cantemir", Faculty of Tourism and Commercial Management, Bucharest)

  • Dorin Vicentiu Popescu

    (Academy of Economic Studies, Commerce Faculty, Bucharest)

Abstract

Economic, sociological and even psychological research revealed that entrepreneurship is a process, a dynamic phenomenon, a science based on evident models of manifestation and development. And entrepreneurship represents a behavioral characteristic of an entity. As a result of that, a research became necessary regarding the role and importance of failures in entrepreneurial individual success and, of course, to promote and develop entrepreneurship. As such, this paper focuses on this topic, based on identifying the determinants of entrepreneurship and how it contributes to their failures. In the context of the knowledge economy, entrepreneurship at the individual level is crucial, is essential for development of entrepreneurial phenomenon at organizational and societal level. Failure is the most highly motivated individuals’ only steps to success.

Suggested Citation

  • Manoela Popescu & Dorin Vicentiu Popescu, 2012. "Considerations Regarding the Relevance of Failures in Entrepreneurial Development," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1090-1094, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1090-1094
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    More about this item

    Keywords

    antrepreneurial spirit; success; failure; entrepreneurship; entrepreneurial culture;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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