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.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Science
- Entrepreneurship
- Classical Theories
- Neoclassical Theories
- Schumpeterian Approach
- Kirzner's Approach
- Knightian Entrepreneur
- Schutz's Approach
- Sociological Aspects
- Biological Theories
- Different Perception of Knowledge
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper aims to explore entrepreneurship as an individual science, focusing on the unique way entrepreneurs perceive and assess knowledge. It investigates the role of scientific methods in understanding entrepreneurship and highlights the factors that differentiate entrepreneurs in terms of their knowledge management, personal characteristics, and decision-making processes.
- Entrepreneurship as an individual science
- The role of scientific methods in understanding entrepreneurship
- Factors influencing knowledge perception and assessment among entrepreneurs
- The impact of knowledge management on entrepreneurial behavior
- The interplay of personality traits, demographic variables, and neural processes in entrepreneurial decision-making
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter introduces the paper's objective of examining entrepreneurship as an individual science and its focus on the distinctive approach entrepreneurs take towards knowledge perception and assessment.
- Science: This chapter defines science and its methodological approach, exploring various definitions and emphasizing its role in understanding the natural world through observation, hypothesis testing, and evidence-based knowledge generation.
- Entrepreneurship: This chapter delves into the concept of entrepreneurship, reviewing various definitions and theories. It explores the historical development of entrepreneurship theory from classical to contemporary perspectives, highlighting the different roles and functions attributed to the entrepreneur.
- Different Perception of Knowledge: This chapter examines the factors contributing to the distinct ways entrepreneurs perceive and assess knowledge. It explores the significance of knowledge management, the influence of intelligence and self-confidence, the role of personality traits, the impact of demographic variables, and the role of neural processes in shaping entrepreneurial decision-making.
Schlüsselwörter (Keywords)
This paper explores the key concepts of entrepreneurship as an individual science, knowledge management, knowledge perception, entrepreneurial characteristics, personality traits, demographic variables, neural processes, and decision-making. The study highlights the unique approaches entrepreneurs take in managing, perceiving, and assessing knowledge, contributing to a deeper understanding of the individual nature of entrepreneurship.
- Quote paper
- Antoine Niyungeko (Author), 2020, Entrepreneurship as an Individual Science. Different Perceptions of Knowledge, Munich, GRIN Verlag, https://www.grin.com/document/956968