A Comparative Analysis: Entrepreneurship Theories and Development

This report provides a comprehensive analysis of entrepreneurship theories, focusing on their impact on effective innovation and economic development. It examines various articles and perspectives, highlighting the role of entrepreneurship in driving productivity, fostering innovation-driven growth, and influencing the economic development of business organizations. The report compares and contrasts different definitions of entrepreneurship, emphasizing the importance of innovation, risk-taking, and market opportunities. It also explores the relationship between entrepreneurship, innovation clusters, and the overall economic success of local businesses. The analysis includes a theory chart that summarizes key points from the articles, along with similarities and differences in the definitions of entrepreneurship. This solved assignment is available on Desklib, where students can find a wealth of resources, including past papers and solved assignments.

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

2ENTREPRENEURSHIP
Development
by Frederic
Sautet
Source:
https://www.researchga
te.net/profile/Frederic_
Sautet/publication/2560
21934_Local_and_Syst
emic_Entrepreneurship
_Solving_the_Puzzle_o
f_Entrepreneurship_and
_Economic_Developme
nt/links/
5aa28d7d0f7e9badd9a6
6107/Local-and-
Systemic-
Entrepreneurship-
Solving-the-Puzzle-of-
Entrepreneurship-and-
Economic-
Development.pdf
effects on the aspects
of innovation as well as
employment (Sautet,
2013). This article also
indicates towards the
fact that systematic
entrepreneurship in the
companies based on the
large volume of market
transactions that helps
in exploiting gains
from both the trade and
innovations. In
addition, innovation-
oriented
entrepreneurship leads
to the economic
development of the
companies (Sautet,
2013).
organizations (Sautet,
2013). On the other
hand, this report also
indicates towards the
fact that the scope of
opportunities and the
extent to the markets
can create constrain
for entrepreneurship
in the process of
economic
development for the
companies (Sautet,
2013).
calculative
risks with the
aim to earn
profit (Sautet,
2013).
3. Clusters of
Entrepreneur
ship and
Innovation by
Aaron
Chatterji,
Edward
Glaeser and
William Kerr
Source:
https://www.nber.org/c
hapters/c12943.pdf
This article indicates
towards the fact that
the innovation in
entrepreneurship helps
the economic
development of the
local business
organizations
(Chatterji, Glaeser &
Kerr, 2014). However,
this article also shows
that there has been very
limited works on the
aspect to promote
innovation in the
process of
entrepreneurship; for
this reason, this
particular aspect leads
to the lack of economic
It can be seen from
this particular article
that the
entrepreneurship
innovation has
positive
consequences on the
economic
development of the
business
organizations as the
entrepreneurs can
invent new
innovative products
and services for the
overall success of the
companies. Apart
from this,
entrepreneurship can
be considered as a
 Entrepreneurs
hip can be
considered as
the process to
design, launch
and run a new
business with
the aim to
generate profit
from it
(Chatterji,
Glaeser &
Kerr, 2014).

3ENTREPRENEURSHIP
development of the
local business
organizations
(Chatterji, Glaeser &
Kerr, 2014).
powerful force for the
economic growth of
the companies
(Chatterji, Glaeser &
Kerr, 2014).

4ENTREPRENEURSHIP
References
Chatterji, A., Glaeser, E., & Kerr, W. (2014). Clusters of entrepreneurship and
innovation. Innovation Policy and the Economy, 14(1), 129-166.
Naudé, W. (2014). Entrepreneurship and economic development. International Development.
Ideas, Experiences and Prospects.
Sautet, F. (2013). Local and systemic entrepreneurship: Solving the puzzle of entrepreneurship
and economic development. Entrepreneurship Theory and Practice, 37(2), 387-402.