Microenterprise Education and Economic Development
Edited by Jeremi Brewer and Stephen W. Gibson
Chapter 3: Towards an improved understanding of knowledge requirements in entrepreneurship: an empirical investigation of founder and opportunity characteristics
This chapter sheds light on two main factors driving the founding process of new organizations - the founder and the opportunity that is being exploited - in order to increase understanding of the heterogeneity encountered in entrepreneurship and, in particular, in those instances when people become entrepreneurs 'out of necessity.' As we will see, both the heterogeneity in terms of founder human capital endowments and in the opportunities being exploited will affect processes and outcomes in entrepreneurship, which in turn allows us to draw conclusions about the knowledge requirements that founders need to meet in order to become successful in entrepreneurship.
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