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Others disagree that numerous entrepreneurs are generating low-capacity companies helping regional markets. [13] Business cluster – A business cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field. Early research was done in this context by Benjamin Chinitz in 1961.
Ecopreneurship is a term coined to represent the process of principles of entrepreneurship being applied to create businesses that solve environmental problems or operate sustainably. The term began to be widely used in the 1990s, and it is otherwise referred to as "environmental entrepreneurship."
Sustainopreneurship (entrepreneurship and innovation for sustainability) is an idea that emerged from the earlier concepts of social entrepreneurship and ecopreneurship, via sustainability entrepreneurship. The concept aims to use creative business organization in order to solve problems related to sustainability.
However, there have been some salient early papers focusing specifically on entrepreneurial leadership as a prerequisite for organizational development, on the importance of the entrepreneur being a (visionary) leader, and on the parallels between leadership and entrepreneurship as fields of research and practice. [13]
Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. [1] This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs. [2]
Startup Development Phases Startup Ecosystem Dynamics. Ideas, inventions and research i.e., Intellectual property rights (IPR) Entrepreneurship Education [4] Startups at various stages [4] Entrepreneurs [4] Start up team members [4] Angel investors [5] Startup mentors [4] Startup advisors [4] Other business-oriented people
It is important to recognize the effect social relations have on economic action, including business development (Ford et al., 2006). Granovetter also argues that social relations in a network lead to trust between partners, an important factor for stable development in a dynamic environment.
Social entrepreneurship is the use of business techniques by start-up companies and other entrepreneurs to develop, fund, and implement solutions to social, cultural, or environmental issues. [107] This concept may be applied to a variety of organizations with different sizes, aims, and beliefs. [ 108 ]