ENTREPRENEURIAL INNOVATIONS

Entrepreneurial Technological Innovations

Entrepreneurial Technological Innovations

Introduction to Entrepreneurial Innovations

It is a widespread view that entrepreneurship and Innovation are synonymous to each other. Entrepreneurship is generally defined as high risk taking where the entrepreneur assumes high risk. Entrepreneur is always on the search for new opportunities to produce innovative products. Therefore, there is a strong link between entrepreneurship, innovation and technology. Without innovations, based on newer technologies, entrepreneurship venture may end up in a failure (Acs, 2005).

Creative Disruption

This term Creative disruption was disrupted by Joseph Schumpeter. His work “Capitalism, Socialism and Democracy” donated the creative disruption to the process of industrial transformation ...