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.
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.