Theory Chart - Entrepreneurship

Running head: ENTREPRENEURSHIP
Entrepreneurship
Name of the Student
Name of the University
Author’s Note

1ENTREPRENEURSHIP
Theory Chart – Entrepreneurship
Theories Effective Innovation Economic
Development
Differences/
Similarities in terms
of the definitions
1. Entrepreneur
ship in
Economic
Development
by Wim
Naude
Source:
https://www.econstor.
eu/bitstream/10419/6
3572/1/560604459.pd
f
As per this article,
effective
entrepreneurship leads
the companies to
effective productivity
with the help of
innovation-driven
growth in the presence
of advanced
economics. The article
also states that the large
firms encourage the
aspects of
entrepreneurial
innovation for the
business success
(Naudé, 2014).
As per this article,
effective
entrepreneurship is
identified to
undermine the
economic
development of the
business
organizations. It also
indicates towards the
fact that the
misallocation of
entrepreneurial
abilities can hinder
the economic
development of the
business
organizations (Naudé,
2014).
 Entrepreneurs
hip is the
process of
innovation
where the
entrepreneurs
are the
innovators
(Naudé,
2014).
 Entrepreneurs
hip is not the
process of
initiating
changes, it can
be considered
as the process
to facilitate
adjustments to
change by
identifying the
opportunities
for profitable
arbitrage
(Naudé,
2014).
2. Local and
Systemic
Entrepreneur
ship: Solving
the Puzzle of
Entrepreneur
ship and
Economic
According to this
article,
entrepreneurship can be
considered as one of
the major factors for
the economic
development of the
companies through its
According to the
article, both the local
as well as systematic
entrepreneurship has
major positive impact
on the economic
development of the
business
 Entrepreneurs
hip can be
considered as
the process o
set up new
business
operations by
taking