Entrepreneurship: The Act of Enhancing One's Reality
In the research field of entrepreneurship there has not yet been a consensus on the most appropriate definition and conceptual framework of entrepreneurship. This paper aims to fill this persistent gap in entrepreneurship research. The conceptual framework and definition proposed in this paper, â€šÃ„ÃºThe Act of Enhancing Oneâ€šÃ„Ã´s Realityâ€šÃ„Ã¹, unifies the trait approach and the behavioural approach used by entrepreneurship scholars. It forges a link between entrepreneurship research and other social sciences, rendering Maslowâ€šÃ„Ã´s hierarchy of needs empirically testable. It sheds light on how opportunities come into existence as well as how they are recognized. It provides insight into the relation between micro-level entrepreneurial action and macro-level economic growth. And finally, it creates the unique interdisciplinary domain of reality enhancement for the research field of entrepreneurship. The new definition and conceptual framework proposed in this paper is consistent with the critique, insights and results yielded from past research on entrepreneurship and it shows promise that it is indeed possible to foster the successful and innovative kind of entrepreneurship that promotes economic growth. Moreover, it is able to provide consistent explanations to questions past entrepreneurship research had sought to answer. But most importantly, the proposed definition and conceptual framework of entrepreneurship is universal in its applicability for scholars from a wide variety of disciplines, for policymakers of advanced economies as well as policymakers of developing economies. Entrepreneurship is not only limited to the realm of economics nor limited to the start up of firms and profit making. Entrepreneurship, as defined in this paper, is the very essence of humankind. From the first handmade fires to the nuclear power plants of today, from Icarusâ€šÃ„Ã´ wings to men on the moon, the progress we have made as humankind and our very existence as we know it today is the result of the ever continuing accumulation of entrepreneurial action. The proposed definition and conceptual framework of entrepreneurship offers insight into the progress we have made in the past, the progress we can make now and the progress we as one people are still able to make in the future.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Sander Wennekers & André Stel & Roy Thurik & Paul Reynolds, 2008.
"Nascent entrepreneurship and the level of economic development,"
Small Business Economics,
Springer, vol. 30(3), pages 325-325, March.
- Sander Wennekers & André van Wennekers & Roy Thurik & Paul Reynolds, 2005. "Nascent Entrepreneurship and the Level of Economic Development," Small Business Economics, Springer, vol. 24(3), pages 293-309, 04.
- Sander Wennekers & André van Stel & Roy Thurik & Paul Reynolds, 2005. "Nascent entrepreneurship and the level of economic development," Papers on Entrepreneurship, Growth and Public Policy 2005-14, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
- Blanchflower, D.G. & Oswald, A., 1991.
"What Makes an Entrepreneur?,"
Economics Series Working Papers
99125, University of Oxford, Department of Economics.
- Blanchflower, David G., 2000.
"Self-employment in OECD countries,"
Elsevier, vol. 7(5), pages 471-505, September.
- Sander Wennekers & Andre van Stel & Niels Noorderhaven & Roy Thurik, 2004.
"The Role Of Dissatisfaction And Per Capita Income In Explaining Self-Employment Across 15 European Countries,"
Papers on Entrepreneurship, Growth and Public Policy
2004-11, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
- André van Stel & Roy Thurik & Sander Wennekers & Niels Noorderhaven, 2004. "The role of dissatisfaction and per capita income in explaining self-employment across 15 European countries," Scales Research Reports N200407, EIM Business and Policy Research.
- André van Stel & Roy Thurik & Sander Wennekers & Martin Carree, 2010.
"The relationship between entrepreneurship and economic development: is it U-shaped?,"
Scales Research Reports
H200824, EIM Business and Policy Research.
- Wennekers, Sander & van Stel, André & Carree, Martin & Thurik, Roy, 2010. "The Relationship between Entrepreneurship and Economic Development: Is It U-Shaped?," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 6(3), pages 167-237, July.
- Wennekers, Sander & Thurik, Roy, 1999. "Linking Entrepreneurship and Economic Growth," Small Business Economics, Springer, vol. 13(1), pages 27-55, August.
- Evans, David S & Leighton, Linda S, 1989. "Some Empirical Aspects of Entrepreneurship," American Economic Review, American Economic Association, vol. 79(3), pages 519-535, June.
- C. Praag & Peter Versloot, 2007.
"What is the value of entrepreneurship? A review of recent research,"
Small Business Economics,
Springer, vol. 29(4), pages 351-382, December.
- C. Mirjam van Praag & Peter H. Versloot, 2007. "What is the Value of Entrepreneurship? A Review of Recent Research," Jena Economic Research Papers 2007-061, Friedrich-Schiller-University Jena.
- van Praag, Mirjam C. & Versloot, Peter H., 2007. "What Is the Value of Entrepreneurship? A Review of Recent Research," IZA Discussion Papers 3014, Institute for the Study of Labor (IZA).
- C. Mirjam van Praag & Peter H. Versloot, 2007. "What is the Value of Entrepreneurship? A Review of Recent Research," Tinbergen Institute Discussion Papers 07-066/3, Tinbergen Institute.
When requesting a correction, please mention this item's handle: RePEc:wiw:wiwrsa:ersa10p721. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gunther Maier)
If references are entirely missing, you can add them using this form.