Emprendimiento y Emprendedor. Conceptualización Teórica | | UPV

Introduction to Entrepreneurship

Understanding the Concept of Entrepreneurship

• Monika Rollo introduces the topic of entrepreneurship, questioning its significance and prevalence in media and government initiatives.

• The learning objectives include analyzing different definitions of entrepreneurs, understanding the economic impact of entrepreneurship, distinguishing between entrepreneurs and business owners, and recognizing entrepreneurship as a global phenomenon.

Historical Context of Entrepreneurship

• The term "emprender" originates from Latin, initially referring to adventurers or military personnel.

• In 1732, the Royal Spanish Academy defined an entrepreneur as someone who undertakes significant tasks with determination.

• Jean-Baptiste Say's 1821 definition aligns entrepreneurs with contractors acting as intermediaries between capital and labor.

Evolution of Entrepreneurial Thought

Shifts in Definition Over Time

• By 1911, Jean-Peter emphasized that inventions and innovations drive economic growth, positioning entrepreneurs as key agents of change.

• Three main schools of thought emerged:

• Economic perspective focusing on new combinations disrupting market equilibrium.

• Socio-psychological perspective examining personal traits differentiating entrepreneurs from non-entrepreneurs.

• Behavioral perspective analyzing entrepreneurial actions related to starting and managing businesses.

Divergence in Definitions

• There is a lack of consensus among scholars regarding the definition of entrepreneurship; interpretations vary based on individual interests and research contexts.

• While entrepreneurship is linked to innovation-driven economic development, empirical studies often focus on business creation rather than broader entrepreneurial activities.

Distinction Between Entrepreneurs and Business Owners

Characteristics of Entrepreneurs vs. Business Owners

• Entrepreneurs are characterized by their innovative skills and propensity for risk-taking; they are not necessarily business managers.

Understanding Entrepreneurship and Innovation

The Intersection of Entrepreneurs and Business Managers

• The concept of "entrepreneurial entrepreneurs" combines both entrepreneurial skills and business management capabilities, highlighting a unique intersection between theory and practical application.

• The distinction is made between entrepreneurs (who drive innovation) and business managers (who manage existing enterprises), with the overlap being the entrepreneurial entrepreneur who contributes to economic development.

Defining Entrepreneurship

• Entrepreneurship is defined as the process of identifying new opportunities or initiating actions aimed at discovering these opportunities, which can lead to innovative activities.

• Innovative actions may manifest in various forms such as new companies, products, processes, or marketing strategies. A key point is that entrepreneurship must be linked with innovation; without it, there is no true entrepreneurship.

Risks in Entrepreneurship

• Risks associated with entrepreneurship are characterized as controlled risks taken under uncertainty. These risks are not limited to financial aspects but can encompass various types of challenges.

• Ultimately, entrepreneurship serves as a catalyst for change and economic growth, driven by an individual's ability to innovate rather than merely creating businesses.

Conclusion on Entrepreneurial Concepts