Tuesday, August 2, 2011

Module 1: Evolution Of Entrepreneurship Theories

Adam Smith ( 1776 )

An entrepreneur is an agent who transforms demand into supply

To read more on Adam Smith, kindly go here: http://en.wikipedia.org/wiki/Adam_Smith

Jean-Baptiste Say ( 1803 )

An entrepreneur is a person who shifts resources for low productivity areas to high productivity areas

To read more on John-Baptiste Say, kindly go here: http://en.wikipedia.org/wiki/Jean-Baptiste_Say

John Stuart Mill ( 1848 )

An entrepreneur is a prime mover in a private enterprise. This is the fourth factor after land, labor and capital

To read more on John Stuart Mill, kindly go here: http://en.wikipedia.org/wiki/John_Stuart_Mill

Carl Menger ( 1871 )

An entrepreneur is an economic agent who transforms resources into products and services with added values

To read more on Carl Menger, kindly go here: http://en.wikipedia.org/wiki/Carl_Menger

Joseph Alois Schumpeter ( 1934 )

An entrepreneur is an innovator and a prime mover that moves through economic boundaries by the process of creative destruction

To read more on Joseph Alois Schumpeter, kindly go here: http://en.wikipedia.org/wiki/Joseph_Schumpeter

Alfred Marshall ( 1936 )

Entrepreneurship is an incremental or evolutionary process. An example of this is the transformation of a sole proprietorship company to a public company

To read more on Alfred Marshall, kindly go here: http://en.wikipedia.org/wiki/Alfred_Marshall

Ibn Khaldun ( 1377 )

An entrepreneur is a knowledgeable individual crucial to the emergence of enterprises through development of cities and states

To read more on Ibn Khaldun, kindly go here: http://en.wikipedia.org/wiki/Ibn_Khaldun

David Mcclelland

An entrepreneur is a person with high needs for achievement and success

To read more on David Mcclelland, kindly go here: http://en.wikipedia.org/wiki/David_McClelland










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