20 July 2017 | Report
Entrepreneurship and the entrepreneur: A literature review
Summary
The fact sheet considers the evolution of entrepreneurship as a field of study from its economic origins in the 1930s, through to more fragmented contemporary approaches that consider entrepreneurship through the lenses of strategic management, social psychology, and small business venturing and finance. The report also explores the specific cases of entrepreneurship in developing countries, as well as women’s entrepreneurship.
Highlights
- Entrepreneurs are considered as change agents driving novel contributions with far-reaching impacts, but they do not always have the necessary financial resources to achieve it.
- The report presents a model for understanding entrepreneurship that examines both the nature of entrepreneurs, as well as the nature of the environment where opportunities for entrepreneurship reside.
- Entrepreneurship in emerging economies is affected by the level of economic development, the quality of institutions, the size of the market, levels of infrastructure, regulatory and policy environment, as well as social and cultural norms.
- The report highlights differences among women entrepreneurs in financing, family involvement, and motivations behind engaging in entrepreneurship.
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