Sarasvathy: Entrepreneurship as Economics with imagination
5 important questions on Sarasvathy: Entrepreneurship as Economics with imagination
Entrepreneurship becomess the art of learning to outlive failures and cumulate successes over time.
Modeling failure as the undesireable half has led economists to
- develop failure avoidance
- based on risk aversion
Especially in initial stages, entrepreneur tends to experience the firm as part of himself. That he is not is a difficult realization, especially when
- they're forces to exit through bankruptcy or rapid growth
- for novice entrepreneur the firm he cretes can become tangible emotional.
Failures are important, and even necessary. They are crucial for three reasons
- entrepreneurs start companies. Very few succeed, most fail. People should be encouraged to try, so economy can continue to have successes and keep healty and growing
- there are define regularitis that can be learned and used to our advantage in creating and sustaining enterprises
- Because of failures (and succeses) can we built our desires.
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Entrepreneur trades off lower priority values for higher ones. They don't love risk, but
Economists generally think that new technologies are the key to economic succes. But, as Josiah figured out in 18th century, and as we know today
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The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
