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CHA P T E R  

 2APPROACHES TOENTREPRENEURSHIP

1. Overview of Entrepreneurial Thoughts

Entrepreneurship is a practical and behavioural subject. It is

interdisciplinary. Nowadays, it is growing as a distinct and specifc

feld o study. Various types o schools o thoughts have emerged in

entrepreneurship. As such it contains various approaches that can

increase ones understanding o the feld. !he schools o thoughts

e"plain entrepreneurship, predict entrepreneurial activities #ore"ample, by characteri$ing conditions that are li%ely to lead to new

proft opportunities to the ormation o new enterprises&, and

provide important guidance #that is, prescribe the right action in

particular circumstances& or entrepreneurial actions.

Entrepreneurial schools o thoughts are the results o many %inds o 

theories, principles, studies, fndings and conclusions o 

entrepreneurship.

Entrepreneurship schools o thought approaches that divides

entrepreneurship into specifc activities. !hese activities may bewithin a 'macro' view or a 'micro' view(. 

)acro View o Entrepreneurial *chools o !hought

)icro View o Entrepreneurial *chools o !hought

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SELECTED NOTES AND REFERENCES

1. Donald F. Kuratko (2009 Entrepreneurship: Theory, Process and Practice! USA"Sout#$%&'t&rn C&na& )&arn*n! ++. ,$1-.

2. Donald F. Kuratko and R. . Hod&tt' (200/ Entrepreneurship in the New

Millenium" N& D&l#*" C&na& )&arn*n! ++. 0$.

-. *#a&l H. orr*'! P. )&*'! and Donald ). S&3ton (1994 5Reconceptualising

Entrepreneurship: An Input-Output Perspectie5 SA Ad6an&d ana&7&nt

8ournal 9! no. 1 (%*nt&r! 1994! ++. 21$-1. Ada+t&d ro7 Donald F. Kuratko (2009

Entrepreneurship: Theory, Process and Practice! USA" Sout#$%&'t&rn C&na&

)&arn*n! +. 1.

4. Ro:&rt C. Ron'tandt (19,4 Entrepreneurship! Do6&r. A" )ord Pu:l'#*n! +. -9.

Ada+t&d ro7 Donald F. Kuratko (2009 Entrepreneurship: Theory, Process andPractice! USA" Sout#$%&'t&rn C&na& )&arn*n! +. 1.

. %.;.

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