Analysing the Definition of Entrepreneurship

In: Business and Management

Submitted By marvinjohnson
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Critically discuss how the biographies of entrepreneurs you have read and the guest speakers you have met confirm, extend, or contradict the definitions of entrepreneur and entrepreneurship in the academic literature.

Submitted by: Marvin Johnson (33936056)

Word Count: 1,074


There are countless discrete views on how entrepreneurs and the concept of entrepreneurship can be identified. This is largely due to the immense opinionated culture of the concept. We can see from Gartner’s (1988) perspective that an entrepreneur is simply identified by their ability to create an organization. This definition was further developed by
Shane and Venkataraman (2000), who took into account businesses which were already established and defined entrepreneurs as individual who found an opportunity and exploited them effectively. However, this was largely criticised as many argue that an entrepreneur is set apart from non-­entrepreneurs by their distinct traits and characteristics, which thereby has an influence on an entrepreneur’s success (Pokrajcic, 2004). Despite, these contradicting definitions they all play a significant role in identifying whether or not certain people can be classified as so-­called entrepreneurs.
This essay will build up on the different types of definitions for entrepreneurs and entrepreneurship, by implementing the definitions to two differentiating entrepreneurs. The first entrepreneur is Duncan Bannatyne-­ Founder of ‘The Bannatyne Group’ and television

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