Notes

The Of Entrepreneurship - HBR - Harvard Business Review


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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://youmatter.world/app/uploads/sites/2/2019/02/social-entrepreneurship-definition.jpg" alt="The major differences between startup and entrepreneurship – Start-Up Chile"><span style="display:none" itemprop="caption">The 3 T's of Entrepreneurship - Big Fish Presentations</span>
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<h1 style="clear:both" id="content-section-0">Getting My Entrepreneurs are key to reigniting the Heartland's economy To Work<br></h1>
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<p class="p__0">Jean-Baptiste Say also recognized entrepreneurs as a driver for economic development, highlighting their role as one of the collecting factors of production allocating resources from less to fields that are more efficient. Both State and Cantillon came from French school of thought and referred to as the physiocrats. Going back to the time of the medieval guilds in Germany, a craftsperson needed unique permission to run as a business owner, the little proof of competence (Kleiner Befhigungsnachweis), which limited training of apprentices to craftspeople who held a Meister certificate.</p>
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<p class="p__1">Nevertheless, proof of proficiency was not needed to begin an organization. In Read More Here and in 1953, higher proof of proficiency was reintroduced (Groer Befhigungsnachweis Kuhlenbeck), which needed craftspeople to get a Meister apprentice-training certificate before being allowed to establish a new company. In the Ashanti Empire, effective entrepreneurs who collected big wealth and males in addition to distinguished themselves through brave deeds were awarded social and political recognition by being called "Abirempon" which indicates big guys.</p>
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<p class="p__2">The state rewarded business owners who obtained such achievements with Mena(elephant tail) which was the "heraldic badge" 20th century [modify] In the 20th century, entrepreneurship was studied by Joseph Schumpeter in the 1930s and by other Austrian financial experts such as Carl Menger (1840-1921), Ludwig von Mises (1881-1973) and Friedrich von Hayek (1899-1992).</p>
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<p class="p__3">According to Schumpeter, a business owner wants and able to convert an originality or innovation into a successful innovation. Entrepreneurship employs what Schumpeter called the "wind of creative damage" to change in whole or in part inferior offerings throughout markets and industries, simultaneously developing brand-new items and brand-new business models, [] therefore imaginative damage is mostly [] responsible for long-term financial growth.</p>
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<h1 style="clear:both" id="content-section-1">Little Known Facts About Entrepreneurship &amp; Regional Development: Vol 33, No 5-6.<br><img width="475" src="https://cdn.sevdesk.de/uploads/devenir-micro-entrepreneur.jpg"><br></h1>
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<p class="p__4">An alternative description by Israel Kirzner (1930-) recommends that the majority of developments might be incremental improvements - such as the replacement of paper with plastic in the construction of a drinking straw - that need no unique qualities. For Schumpeter, entrepreneurship led to brand-new markets and in brand-new mixes of currently existing inputs.</p>
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