Abstract
Attempts to clarify and improve understanding of the concept of entrepreneurship in national and regional development. The nature of entrepreneurship is discussed and it is shown that the entrepreneur and the capitalist are conceptually distinct; that it is useful to differentiate between the entrpreneurial and managerial functions; and that the essence of the concept is the initiation of entrepreneurial acts when the individual is behaving in an innovative way under uncertainty. The distinction between entrepreneurship and arbitrage is briefly clarified and the relationship between entrepreneurship and large organizations is discussed. Our understanding of spatial variations in entrepreneurial behaviour is currently insufficient for the purpose of explanation and policy prescription. -Author
| Original language | English |
|---|---|
| Pages (from-to) | 565-574 |
| Number of pages | 10 |
| Journal | Regional Studies |
| Volume | 20 |
| Issue number | 6 |
| Publication status | Published - 1986 |
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Entrepreneurship and regional development : some conceptual issues. / O'Farrell, P. N.
In: Regional Studies, Vol. 20, No. 6, 1986, p. 565-574.Research output: Contribution to journal › Article
TY - JOUR
T1 - Entrepreneurship and regional development
T2 - some conceptual issues.
AU - O'Farrell, P. N.
PY - 1986
Y1 - 1986
N2 - Attempts to clarify and improve understanding of the concept of entrepreneurship in national and regional development. The nature of entrepreneurship is discussed and it is shown that the entrepreneur and the capitalist are conceptually distinct; that it is useful to differentiate between the entrpreneurial and managerial functions; and that the essence of the concept is the initiation of entrepreneurial acts when the individual is behaving in an innovative way under uncertainty. The distinction between entrepreneurship and arbitrage is briefly clarified and the relationship between entrepreneurship and large organizations is discussed. Our understanding of spatial variations in entrepreneurial behaviour is currently insufficient for the purpose of explanation and policy prescription. -Author
AB - Attempts to clarify and improve understanding of the concept of entrepreneurship in national and regional development. The nature of entrepreneurship is discussed and it is shown that the entrepreneur and the capitalist are conceptually distinct; that it is useful to differentiate between the entrpreneurial and managerial functions; and that the essence of the concept is the initiation of entrepreneurial acts when the individual is behaving in an innovative way under uncertainty. The distinction between entrepreneurship and arbitrage is briefly clarified and the relationship between entrepreneurship and large organizations is discussed. Our understanding of spatial variations in entrepreneurial behaviour is currently insufficient for the purpose of explanation and policy prescription. -Author
UR - http://www.scopus.com/inward/record.url?scp=0022844463&partnerID=8YFLogxK
M3 - Article
VL - 20
SP - 565
EP - 574
JO - Regional Studies
JF - Regional Studies
SN - 0034-3404
IS - 6
ER -