Wednesday, July 10, 2013

Schumpeter's elaboration on entrepreneurs mindset


Schumpeter (1934) stated that  entrepreneur is an individual who possess specific traits of creation of new firms and innovative activity. An individual with a dream and will to form private kingdom and dynasty; with a will to conquer, the impulse to fight, to prove superior to others and to succeed. He further described entrepreneur as an individual with the joy of creating, of getting things done and exercising one’s own energy and ingenuity.

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