This paper aims to explain entrepreneurship as an individual science. It also describes how an entrepreneur goes about perceiving and assessing knowledge differently from other entrepreneurs. Research in entrepreneurship uses scientific methods to understand the particularities of an entrepreneur, for example his characteristics, his particular traits, what he does and how he does it.
Researchers analyze the entrepreneur in order to explain him, which shows that the entrepreneur as an individual, is an important aspect of research. This paper also shows that entrepreneurs differ among them based on their knowledge management, available information, the quantity of their dopamine and other characteristics, for example their intelligence and self-esteem, personality traits, demographic variables like age, experience and education.
Osman and Murat considered entrepreneurship as the practice of starting new organizations or revitalizing mature organizations, particularly new businesses generally in response to identified opportunities. Samuel, Mary and Damary identified two definitions of entrepreneurship. The first one is the process of perceiving profit opportunities and initiating actions to fill currently unsatisfied market needs or doing more efficiently what is already being done. While the second one is the process of extracting profits from new, unique and valuable combinations of resources in an uncertain and ambiguous environment. Thokozani considered entrepreneurship as an activity that involves the discovery, evaluation and exploitation of opportunities to introduce new goods and services, ways of organizing markets, processes and raw materials through organizing efforts that previously had not existed.
Table of Contents
1. Introduction
2. Science
3. Entrepreneurship
4. Different Perception of Knowledge
Objectives and Research Focus
This paper aims to conceptualize entrepreneurship as an "individual" science by examining the psychological, biological, and cognitive factors that influence how entrepreneurs perceive and manage knowledge differently. It investigates the intersection of scientific methodology and entrepreneurial behavior to provide a comprehensive understanding of the entrepreneur as the central subject of research.
- Scientific conceptualization of entrepreneurship
- Individual-level analysis of entrepreneurial traits and characteristics
- Knowledge management and information processing in entrepreneurs
- Neuroscientific and psychological drivers of entrepreneurial behavior
- Impact of demographic and personality variables on entrepreneurial orientation
Excerpt from the Book
Different Perception of Knowledge
The main different that exists on how an entrepreneur goes about perceiving and assessing knowledge differently from other entrepreneurs can due to, on one hand, the difference in knowledge management. John and JoAnn (2015) defined knowledge management as a conscious strategy of getting the right knowledge to the right people at the right time and helping people share and put information into action in ways that strive to improve organizational performance. Darwin (2003) showed the role played by knowledge; it provides an orderliness to our lives which allows us to conceptualize goals, to anticipate and perceive events, and to respond in accordance with the changing needs, purposes and desires. Andrea (2011) affirmed that intelligence increases business survival while self-confidence increases business creation.
Summary of Chapters
Introduction: This chapter defines the scope of the paper, aiming to position entrepreneurship as an individual science by analyzing the unique characteristics and cognitive processes of entrepreneurs.
Science: This chapter establishes a foundational understanding of science as a methodical approach to studying the natural world, emphasizing observation, evidence-based reasoning, and systematic inquiry.
Entrepreneurship: This chapter provides an overview of various definitions and theoretical perspectives on entrepreneurship, ranging from classical economic roles to modern creative and discovery-based approaches.
Different Perception of Knowledge: This chapter explores the cognitive, biological, and psychological factors—such as knowledge management, dopamine levels, and personality traits—that differentiate how entrepreneurs perceive and utilize information.
Keywords
Entrepreneurship, Individual Science, Knowledge Management, Scientific Method, Entrepreneurial Orientation, Personality Traits, Neuroentrepreneurship, Innovation, Risk-taking, Demographic Variables, Cognitive Processing, Business Creation, Decision-making, Dopamine, Organizational Performance.
Frequently Asked Questions
What is the core subject of this paper?
The paper fundamentally explores entrepreneurship as an "individual" science, focusing on the specific traits and behaviors that define entrepreneurs as subjects of scientific study.
What are the primary fields of study addressed?
The paper spans across entrepreneurship theory, knowledge management, psychology, and neuroscience to explain the variations in entrepreneurial behavior.
What is the main objective of this work?
The primary goal is to examine how entrepreneurs differ in their perception, assessment, and management of knowledge, and to establish entrepreneurship as a field that can be analyzed through scientific methodology.
Which scientific method is utilized in this paper?
The paper adopts a review-based approach, synthesizing existing literature, theories, and empirical studies to build a conceptual argument for entrepreneurship as an individual science.
What topics are covered in the main body?
The main body covers the definition of science, historical and contemporary theories of entrepreneurship, knowledge management strategies, and biological/demographic influences on entrepreneurial orientation.
Which keywords characterize this research?
Key terms include Entrepreneurship, Knowledge Management, Neuroentrepreneurship, Personality Traits, and Individual Science.
How does the author define knowledge management in an entrepreneurial context?
The author references John and JoAnn (2015), defining it as a conscious strategy of delivering the right knowledge to the right people to improve organizational performance.
What role does dopamine play in entrepreneurial behavior according to the text?
The paper notes that the density of dopamine receptors in the cerebral cortex is one of the natural characteristics that may contribute to differences in how entrepreneurs perceive risk and stimuli.
How do demographic variables influence entrepreneurial success?
Factors such as age, gender, education, and previous experience are highlighted as having a significant impact on an individual's entrepreneurial orientation, specifically regarding innovation and proactiveness.
What is the significance of the "creative destroyer" approach mentioned?
The Schumpeterian approach characterizes the entrepreneur as someone who disrupts market equilibrium through innovation, introducing new products or processes that drive economic change.
- Arbeit zitieren
- Antoine Niyungeko (Autor:in), 2020, Entrepreneurship as an Individual Science. Different Perceptions of Knowledge, München, GRIN Verlag, https://www.grin.com/document/956968
