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J. G. Dees argues that social entrepreneurship is the result and the creation of an especially creative and innovative leader. [10] Social entrepreneurs can include a range of career types and professional backgrounds, ranging from social work and community development to entrepreneurship and environmental science. For this reason, it is ...
Joseph Schumpeter, for example, addressed the process of innovation directly with his theory of creative destruction and his definition of entrepreneurs as people who combined existing elements in new ways to create a new product or service. Beginning in the 1980s, writers on technological change increasingly addressed how social factors affect ...
According to Schumpeter, an entrepreneur is a person who is willing and able to convert a new idea or invention into a successful innovation. Entrepreneurship employs what Schumpeter called "the gale of creative destruction" to replace in whole or in part inferior innovations across markets and industries, simultaneously creating new products ...
Creative entrepreneurship is the practice of setting up a business – or becoming self-employed - in one of the creative industries.The focus of the creative entrepreneur differs from that of the typical business entrepreneur or, indeed, the social entrepreneur in that they are concerned first and foremost with the creation and exploitation of creative or intellectual capital.
Policy entrepreneurs use innovative ideas and non-traditional strategies to influence society, create opportunities, and promote desired policy outcomes. Policy entrepreneurship usually happens over three phases. It starts with a demand in the political landscape for some form of innovation involving a public good. [5]
Innovation economics is a growing field of economic theory and applied/experimental economics that emphasizes innovation and entrepreneurship.It comprises both the application of any type of innovations, especially technological but not only, into economic use.
They emphasize that cultural elements, such as community engagement and shared values, play a crucial role in the growth and success of emerging startup ecosystems. By incorporating both cultural and material perspectives, policymakers can better design incentives and regulations to foster economic growth and innovation in these ecosystems.
Societal innovation refers to a systemic change in the interplay of the state and civil society. It is a relative of social innovation , but differs from it by considering the state to be an important co-creator in achieving sustainable systemic change.