Discuss how the list of basic questions in entrepreneurship research can be expanded to include research inquiries that are important in today's...
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Discuss how the list of basic questions in entrepreneurship research

can be expanded to include research inquiries that are important in today's world.


Please help me this question and please provide me a long answer.


here is the source: https://openpress.usask.ca/entrepreneurshipandinnovationtoolkit/chapter/chapter-1-introduction-to-entrepreneurship/






****please provide me the different answer with the answer below for understanding easily****:




The list of basic questions in entrepreneurship research can be expanded to include research inquiries that are important in today's world are as follows:-


1. The Entrepreneur 


"The question that needs to be addressed is: Does entrepreneurship involve entrepreneurs (individuals with unique characteristics)?"
2. Innovation 


"Does entrepreneurship involve innovation?"
3. Organization Creation 


"Does entrepreneurship involve resource acquisition and integration (new venture creation activities)?"
4. Creating Value


"Does entrepreneurship involve creating value?"
5. Profit or Nonprofit


"Does entrepreneurship involve profit-making organizations only"
6. Growth


Should a focus on growth be a characteristic of entrepreneurship?
7. Uniqueness 


"Does entrepreneurship involve uniqueness?"
8. The Owner-Manager 


To be entrepreneurial, does a venture need to be owner-managed?




Explanation:


1. The Entrepreneur - The entrepreneur theme is the idea that entrepreneurship involves individuals with unique personality characteristics and abilities (e.g., risk-taking, locus of control, autonomy, perseverance, commitment, vision, creativity). Almost 50% of the respondents rated these characteristics as not important to a definition of entrepreneurship


 


2. Innovation - The innovation theme is characterized as doing something new as an idea, product, service, market, or technology in a new or established organization. The innovation theme suggests that innovation is not limited to new ventures, but recognized as something which older and/or larger organizations may undertake as well . Some of the experts Gartner questioned believed that it was important to include innovation in definitions of entrepreneurship and others did not think it was as important.


 


3. Organization Creation - The organization creation theme describes the behaviors involved in creating organizations. This theme described acquiring and integrating resource attributes (e.g., Brings resources to bear, integrates opportunities with resources, mobilizes resources, gathers resources) and attributes that described creating organizations (new venture development and the creation of a business that adds value).


 


4. Creating Value - This theme articulated the idea that entrepreneurship creates value. The attributes in this factor indicated that value creation might be represented by transforming a business, creating a new business growing a business, creating wealth, or destroying the status quo.


 


5. Profit or Nonprofit


 


6. Growth


 


7. Uniqueness - This theme suggested that entrepreneurship must involve uniqueness. Uniqueness was characterized by attributes such as a special way of thinking, a vision of accomplishment, ability to see situations in terms of unmet needs, and creates a unique combination.


 


8. The Owner-Manager - Some of the respondent did not believe that small mom-and-pop types of businesses should be considered to be entrepreneurial. Some respondents felt that an important element of a definition of entrepreneurship was that a venture be owner-managed.

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