In this way, Shane and Venkataraman (2000) argued that identification and utilization of business opportunities by whom and its outcomes are the key to entrepreneurship. Schumpeter (1934), defined entrepreneur is an innovator who breaks an existing state of equilibrium in market to create progress and profit. Innovation is the driving force to create new products, new production and operations methods, new sources, new business models, new tools, techniques and new markets. In this sense, entrepreneurship is highly related and concerned to the ability to produce something new through factors of productions. Entrepreneurship is the “engine” that drives an economy to create new businesses, new ventures, new jobs and well-being in society. It’s also spurs business expansion, technological progress on the bases of innovation, and wealth creation through factors of productions (Lumpkin & Dess, 1996). Increasing the supply of entrepreneurs in the economy is a central preoccupation of governments, policy makers and scholars for two
In this way, Shane and Venkataraman (2000) argued that identification and utilization of business opportunities by whom and its outcomes are the key to entrepreneurship. Schumpeter (1934), defined entrepreneur is an innovator who breaks an existing state of equilibrium in market to create progress and profit. Innovation is the driving force to create new products, new production and operations methods, new sources, new business models, new tools, techniques and new markets. In this sense, entrepreneurship is highly related and concerned to the ability to produce something new through factors of productions. Entrepreneurship is the “engine” that drives an economy to create new businesses, new ventures, new jobs and well-being in society. It’s also spurs business expansion, technological progress on the bases of innovation, and wealth creation through factors of productions (Lumpkin & Dess, 1996). Increasing the supply of entrepreneurs in the economy is a central preoccupation of governments, policy makers and scholars for two