“Describe and critically analyse how academic economists, psychologists and sociologists have defined entrepreneurship and entrepreneurial behaviour. Use examples of entrepreneurs to support your argument.”
Economists School of Thoughts
Theorists and theories:
Schumpeter (1934) – E.g., Henry Ford, Netflix (Marc Randolph & Reed Hastings)
Kirzner (1973) – E.g., Alibaba, eBay
Knight (1921) – E.g., Virgin Group (Richard Branson)
Psychologists School of Thought
Theorists and theories:
McClelland (1965) E.g., Apple Inc ( Steve Jobs)
Rotter (1966)
Ajzen (1985)
Sociologists School of Thought
Theorists and theories:
E.g., The body Shop (Anita Roddick)
E.g., Grameen Bank (Muhammad Yunus)
