Critical Review of Entrepreneurship

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Critical review of entrepreneurship
This essay brings out a critical reflective discussion on certain concepts of entrepreneurships,
the origin of ideas of entrepreneurship and the opportunities and the mindset are the
characteristics of an entrepreneur. This analysis is based on critical review of
entrepreneurship from the readings but it essentially has the discussion on four particular
articles.
According to Bouquet, Barsoux, & Wade, (2018), it is seen that innovation and digital
transformation has forced the pioneer thinkers to change the mindsets in several fields
ranging from medics, chefs, and entrepreneurs. It is often seen that majority of business
executives are engaged in innovation with the help of leading full-scale programs, huge
transformational paths, and many top-level innovation workshops. This innovation has led to
the emergence of unconventional thinkers who closely see for the first time, try it in a smart
way, visualize unconventional amalgamations, and identify hostile and the vibrant
environment which exist within and outside the organisation. The idea of digital tool has
shaped and transformed the creativity of entrepreneurs as they have easy access to
knowledge, capital, talents, and the consumers, which they need to create a venture and start-
ups. Famous business thinker “Gary Hamel” has noted that organisations are oversupplied
with the ideas that often fall into “Flaky no-hoper” and “incremental no brainer” that means
that the ideas do not have any scope of success and requires low mental efforts. This article
has described the criticisms with the help of three overlapping issues. At first, the issue is
related to innovation models that they are unrealistic which means it is very much liner
without view into the dynamic environment and zigzagging from activities to activities. At
Second, these models often seems incomplete that signifies that rigid people do not

incorporate digital aspects of innovation that show that it is human centric approach of
preserving through design thinking that further permit the entrepreneur to think more
intensely. At last, these models are often misleading where the biasness and pitfalls may
contrast creativity.
According to López, Zozimo, San, & Jack, (2016), entrepreneurship is defined as
organisational process, which comprises of starting up new enterprise. This process, which
further has emphasized on personal capabilities and opportunities available in the market.
Entrepreneurship refers to the procedure of exploration, exploitation, and discovery of
available opportunities in order to introduce goods and services by reshaping the market,
processes, and other raw materials that were not present in the market previously. With an
aim to exploit available opportunities, it is not the individual capacity, but other factors
affecting are economic, cultural, and political contexts. This discussion also reflects the
historical approaches to entrepreneurship that says that it is strongly connected to five
milestones. According to traditional approach, the notion of entrepreneurship is connected to
classical and neo-classical economic thought that includes dynamics of capitalism and
industrial change. This article has developed the insight in three entrepreneurial debates
where there exist dialogue between business history and management, which has seemed to
highly promising international entrepreneurship, network, and corporate entrepreneurship.
These debates has few examples of multidisciplinary perspective. It is the understanding of
innovation processes and economic growth of both organisations and economies. As a result,
there are no unified theoretical for studying entrepreneurship and the central issues such as
entrepreneurship opportunities, corporate behaviour, and skills of people, which persuade
them to affect the external environment.