You are on page 1of 3

A p p r o a c h e s

o f

E n t r e p r e n e u r s h i p

|

4 9

CHAPTER

2
APPROACHES TO
ENTREPRENEURSHIP
1. Overview of Entrepreneurial Thoughts
Entrepreneurship is a practical and behavioural subject. It is
interdisciplinary. Nowadays, it is growing as a distinct and specific
field of study. Various types of schools of thoughts have emerged in
entrepreneurship. As such it contains various approaches that can
increase one's understanding of the field. The schools of thoughts
explain entrepreneurship, predict entrepreneurial activities (for
example, by characterizing conditions that are likely to lead to new
profit opportunities to the formation of new enterprises), and
provide important guidance (that is, prescribe the right action in
particular
circumstances)
for
entrepreneurial
actions.
Entrepreneurial schools of thoughts are the results of many kinds of
theories, principles, studies, findings and conclusions of
entrepreneurship.
Entrepreneurship schools of thought approaches that divides
entrepreneurship into specific activities. These activities may be
within a "macro" view or a "micro" view1.

Macro View of Entrepreneurial Schools of Thought
Micro View of Entrepreneurial Schools of Thought

W. 21-31). What is the process approaches to entrepreneurship? Explain. Robert C. Kuratko and R. Gartner (1985) "A Conceptual Framework for Describing the Phenomenon of New Venture Creation" Academy of Management Review (October. 3. 50-55. 39. Lewis. 8-13. Adapted from Donald F. Kuratko (2009) Entrepreneurship: Theory. USA: South-Western Cengage Learning. pp. Adapted from Donald F. Discuss about the entrepreneurial trait school of thought. 2. p. 5. and Donald L.  . MA: Lord Publshing. USA: South-Western Cengage Learning. 15. Process and Practice. 15. 1 (Winter. 702.B. 2. Discuss about the approaches to entrepreneurship.5 0  1. P. 5. pp. M. Process and Practice. 1985) p. Sexton (1994) "Reconceptualising Entrepreneurship: An Input-Output Perspective" SAM Advanced Management Journal 59. Dover. p. REVIEW QUESTIONS Short Answer Questions 1. Discuss about the micro view of entrepreneurial schools of thought 4. Kuratko (2009) Entrepreneurship: Theory. Michael H. USA: South-Western Cengage Learning. Explain the environmental and displacement school of thought of entrepreneruship. pp. Hodgetts (2007) Entrepreneurship in the New Millenium: New Delhi: Cengage Learning. no. Morris. Process and Practice. 6.  | E n t r e p r e n e u r s h i p D e v e l o p m e n t SELECTED NOTES AND REFERENCES Donald F. p. Kuratko (2009) Entrepreneurship: Theory. 4. 1994. Ronstandt (1984) Entrepreneurship. Donald F. Explain the macro view of entrepreneurial schools of thought 3.

A p p r o a c h e s o f E n t r e p r e n e u r s h i p | 5 1 .