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Comparative EntrepreneurshipThe UK, Japan, and the Shadow of Silicon Valley$
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D. Hugh Whittaker

Print publication date: 2009

Print ISBN-13: 9780199563661

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199563661.001.0001

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Comparative Entrepreneurship

Comparative Entrepreneurship

Chapter:
(p.7) 1 Comparative Entrepreneurship
Source:
Comparative Entrepreneurship
Author(s):

D. Hugh Whittaker

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199563661.003.0001

Although much of the twentieth century was dominated by large firms and organized capitalism, the last few decades of this century experienced a shift from ‘managed’ to ‘entrepreneurial’ economies. Competition from lower wage economies and telecommunications and computer revolutions, otherwise known as the ‘twin forces of globalization’, are seen to have driven this shift. This chapter differentiates the entrepreneur from entrepreneurship. Here, entrepreneurship is seen as the processes that are involved when opportunities to create goods and services are discovered, evaluated, and exploited, while an entrepreneur is someone who makes the key entrepreneurial decisions. In addition, this chapter looks into the levels of entrepreneurship, the ‘varieties of capitalism’ and type of innovation, and emphasizes how researchers have to take social context into account when studying comparative entrepreneurship.

Keywords:   comparative entrepreneurship, globalization, lower wage economies, telecommunications, computer revolutions

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