Key Components and Implications of Entrepreneurship: A 4-P Framework
Peking University - China Center for Economic Research (CCER)
York University - Schulich School of Business
Journal of Business Venturing, Vol.21, No. 5, pp. 704-725, 2006
Entrepreneurship has been gaining increasing respect from the research community as a field of scholarly study as well as practical application worldwide as a means to achieve wealth creation and personal fulfillment. Yet, entrepreneurship, as a theoretical construct and practical phenomenon, remains poorly defined and its interpretation fragmented. This article attempts an eclectic account of the major ingredients of entrepreneurship and dissects the entrepreneurship process through a parsimonious 4-P framework: pioneer, perspective, practice, and performance. It is expected that this framework will help us better understand the essence of entrepreneurship: its theoretical underpinnings as well as its practical implications.
Number of Pages in PDF File: 22working papers series
Date posted: February 16, 2010
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