The Systematic Search for Entrepreneurial Discoveries (Hardcover)


Entrepreneurs do much more than manage small businesses. At the heart of entrepreneurship is the discovery process. An idea is conceived and then exploited for profit. But if the idea is neither useful nor unique, its exploitation will generate only average profits. Therefore, the idea and the process that leads to its discovery are of the utmost importance to the success of any new venture. Can the discovery process be taught, or must one be born with the talent to unearth promising opportunities? Fiet argues that entrepreneurial discovery can indeed be taught, and he proposes a theory of the informational elements that constitute the discovery process.

Entrepreneurship as an academic discipline has often been criticized for lacking intellectual rigor and a theoretical foundation. Fiet supplies both in this scholarly book, which approaches entrepreneurial competence from an academic perspective. There are three primary characteristics of entrepreneurial competence: tacit knowledge of an entrepreneur's field of endeavor, which can be improved by trial and error; the knowledge of decision rules that enable one to make rational informational investments based upon the signals of opportunities; and the unequal distribution of entrpreneurial competence among the population. Recognizing that entrepreneurs start out at different stages of competence, Fiet asserts that anyone cam improve using his book as a pedagogical aid. This volume fills a void in the entrepreneurship literature, which too often is indistinguishable from that which informs courses on small business management.


R2,693

Or split into 4x interest-free payments of 25% on orders over R50
Learn more

Discovery Miles26930
Mobicred@R252pm x 12* Mobicred Info
Free Delivery
Delivery AdviceShips in 10 - 15 working days


Toggle WishListAdd to wish list
Review this Item



Product Description

Entrepreneurs do much more than manage small businesses. At the heart of entrepreneurship is the discovery process. An idea is conceived and then exploited for profit. But if the idea is neither useful nor unique, its exploitation will generate only average profits. Therefore, the idea and the process that leads to its discovery are of the utmost importance to the success of any new venture. Can the discovery process be taught, or must one be born with the talent to unearth promising opportunities? Fiet argues that entrepreneurial discovery can indeed be taught, and he proposes a theory of the informational elements that constitute the discovery process.

Entrepreneurship as an academic discipline has often been criticized for lacking intellectual rigor and a theoretical foundation. Fiet supplies both in this scholarly book, which approaches entrepreneurial competence from an academic perspective. There are three primary characteristics of entrepreneurial competence: tacit knowledge of an entrepreneur's field of endeavor, which can be improved by trial and error; the knowledge of decision rules that enable one to make rational informational investments based upon the signals of opportunities; and the unequal distribution of entrpreneurial competence among the population. Recognizing that entrepreneurs start out at different stages of competence, Fiet asserts that anyone cam improve using his book as a pedagogical aid. This volume fills a void in the entrepreneurship literature, which too often is indistinguishable from that which informs courses on small business management.

Customer Reviews

No reviews or ratings yet - be the first to create one!

Product Details

General

Imprint

Praeger Publishers Inc

Country of origin

United States

Release date

July 2002

Availability

Expected to ship within 10 - 15 working days

First published

July 2002

Authors

Dimensions

235 x 156 x 24mm (L x W x T)

Format

Hardcover

Pages

256

ISBN-13

978-1-56720-255-7

Barcode

9781567202557

Categories

LSN

1-56720-255-1



Year-End Exam Prep For School