ABSTRACT
After studying this chapter you will be able to:
Explain the nature and roots of the term ‘entrepreneurship’ and how it is related to the characteristic entrepreneurial path.
Uncover the different backgrounds that foster entrepreneurship among individuals, consequently engaging factors that will facilitate the development of such backgrounds in the business to stimulate entrepreneurial spirit and conduct among teams and employees.
Recognize that individuals differ in finding entrepreneurship as the most desirable career path, subsequently facilitating the way to entrepreneurship for those who are attracted to it as well as introducing entrepreneurship to those who are less attracted to it, to enable them to make more conversant choices along their future career path.
Understand the different drivers toward entrepreneurship.
Identify the main characteristics of today’s entrepreneurs (e.g., human capital-related factors, vision, motivation, and psychological traits).
Discuss factors related to individuals’ readiness to enter into entrepreneurship.
Articulate the multifaceted relationships between entrepreneurial businesses and their ecosystems, and be able to take knowledgeable decisions on the relevant niche in which to set up a business.
