Human Capital in the Entrepreneurship Ecosystem

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

Since Adam Smith (1776) took consideration to human capital as an asset of economic value, academic interest has focused on the economic effects of human capital. In 1931, Schumpeter called for a focus on the individual entrepreneur or the creative destructor with his/her motives, wishes, aspirations and activities when dealing with entrepreneurship and entrepreneurs. Along these lines, this paper focuses on an in-depth investigation of the domain of human capital in Isenbergs Entrepreneurship Ecosystem. It captures the entrepreneurial mindset of the highly complex individual as a requisite for entrepreneurial success and ultimately, for business growth and development. The increasing literature debating human capital confirms the relevance of locating and refining the factors for entrepreneurial success. Consequently, this paper improves the roadmap of Entrepreneurship Ecosystems by adding the innate skills and conceptualizing four generic archetypes, the Local Entrepreneur, the Global Entrepreneur, the Incremental Entrepreneur, and the Radical Entrepreneur, based on the combination of short/long education and narrow/broad labour.
Close

Details

Since Adam Smith (1776) took consideration to human capital as an asset of economic value, academic interest has focused on the economic effects of human capital. In 1931, Schumpeter called for a focus on the individual entrepreneur or the creative destructor with his/her motives, wishes, aspirations and activities when dealing with entrepreneurship and entrepreneurs. Along these lines, this paper focuses on an in-depth investigation of the domain of human capital in Isenbergs Entrepreneurship Ecosystem. It captures the entrepreneurial mindset of the highly complex individual as a requisite for entrepreneurial success and ultimately, for business growth and development. The increasing literature debating human capital confirms the relevance of locating and refining the factors for entrepreneurial success. Consequently, this paper improves the roadmap of Entrepreneurship Ecosystems by adding the innate skills and conceptualizing four generic archetypes, the Local Entrepreneur, the Global Entrepreneur, the Incremental Entrepreneur, and the Radical Entrepreneur, based on the combination of short/long education and narrow/broad labour.
Original languageDanish
JournalInternational Journal of Entrepreneurship and Small Business
VolumeSpecial Issue on: 16th ISS Conference Schumpeterian Perspectives on Entrepreneurship
ISSN1476-1297
StateAccepted/In press - 2018
Publication categoryResearch
Peer-reviewedYes

Activities

ID: 266037886