Chapter 10

Entrepreneurship

Abstract

We begin Part II of the book and switch to the concept of entrepreneurship in this chapter. We begin by again defining what we mean by entrepreneurship, given the plethora of definitions since the early work of Joseph Schumpeter, and discuss how that is different from innovation. We discuss briefly the entrepreneurial process that results in the creation of new ventures and then talk about the factors that drive entrepreneurship.

Keywords

Efficiency-driven

Entrepreneurial environment

Entrepreneurial process

Factor-driven

Global Competitiveness Index (GCI)

Innovation-driven

US, China, and India: entrepreneurship

Get Innovation, Entrepreneurship, and the Economy in the US, China, and India now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.