09 Resources & Schumpetarian Ventures
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9 Terms
resources entrepeurs seek from their environment
cultural resources
social resources
material resources
cultural resources
positive attitude towards entrepreneurship
value of risk-taking
success stories
acceptance of failure
…
social resources
dense networks that provide…
risk capital
workforce
knowledge and expertise
mentorship
material resources
support organizations: universities, incubators, accelerators, …
political-institutional infrastructure
physical infrastructure
characterists Schumpetarian entrepreneurial venture
before the start: opportunity orientation
moment of venture creation: high-tech innovation
early life of a new venture: high growth aspirations
characterists non-Schumpetarian entrepreneurial venture
before the start: necessity orientation
moment of venture creation: low-tech or tech imitation
early life of a new venture: permanently small