The entrepreneurial process

Davidsson, Per (2012) The entrepreneurial process. In Carter, Sara & Jones-Evans, Dylan (Eds.) Enterprise and Small Business : Principles, Practice and Policy [3rd ed.]. Pearson Education, Harlow, pp. 95-119.

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This chapter revolves around research-based insights into the entrepreneurial process. By is meant the process of setting up a new business activity resulting in a new market offer. This new offer may be made by a new or an existing firm, although the main focus here is on the start-up of new, independent firms. Further, the new offer may be innovative, bringing to the market something that was not offered before or imita­tive i.e., a new competitor enters the market with products or services very similar to what other firms are already offering. Although the lsatter type of process may be less complex and also have less market impact, it still entails most of the steps that typically have to be taken in order to get a business up and running. If successful, it also shares, at least to some degree, the consequences that signify entrepreneurial processes:

  • it gives consumers new choice alternatives
  • it gives incumbent firms reason to shape up
  • it attracts additional followers to enter the market, further reinforcing the first two effects (Davidsson, 2004).

Besides, imitatlve starr-ups outnumber by far innovative ones (Reynolds et al., 2003; Samuelsson and Davidsson, 2009).

Impact and interest:

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ID Code: 53765
Item Type: Book Chapter
Keywords: Entrepreneurial Process, Entrepreneurship, Start-ups
ISBN: 9780273726104
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Entrepreneurship (150304)
Divisions: Current > Research Centres > Australian Centre for Entrepreneurship
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Deposited On: 20 Sep 2012 23:18
Last Modified: 12 Jun 2013 15:11

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