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Entrepreneurialism and Its Characteristics in Business Essay


Measurements

The measurement of entrepreneurial leadership characteristics has become crucial nowadays. Specific methods were designed to implement this idea. Several scholars presented examples of such techniques. Paul Torrance was a specialist in psychology who invented a test that measures creativity. This trait is a must when it comes to finding solutions to emerging problems. Another example is Entrescale.

It is a well-known scale that measures the entrepreneurial orientation at the firm level. These examples illustrate the possibility of such measurements. Techniques for assessing entrepreneurial characteristics are particularly relevant in the fast-developing business world.

Disruptions

The concept of entrepreneurial disruptions has developed for more than 60 years. The first idea of disruptive innovations was described by Christensen. He suggested that innovations might shift the balance in established markets. The cell phone is a notorious example of disruptive innovation. Most customers could not afford to buy these devices at first. However then, technologies developed, and the market of cell phones became much bigger than the market of traditional desktop telephones. Another example is a personal computer. The invention of the PC affected the well-established market of mainframe computers. Therefore, technological development is the main principle of the entrepreneurial disruption concept.

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IvyPanda. (2020, November 6). Entrepreneurialism and Its Characteristics in Business. Retrieved from https://ivypanda.com/essays/entrepreneurialism-and-its-characteristics-in-business/

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"Entrepreneurialism and Its Characteristics in Business." IvyPanda, 6 Nov. 2020, ivypanda.com/essays/entrepreneurialism-and-its-characteristics-in-business/.

1. IvyPanda. "Entrepreneurialism and Its Characteristics in Business." November 6, 2020. https://ivypanda.com/essays/entrepreneurialism-and-its-characteristics-in-business/.


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IvyPanda. "Entrepreneurialism and Its Characteristics in Business." November 6, 2020. https://ivypanda.com/essays/entrepreneurialism-and-its-characteristics-in-business/.

References

IvyPanda. 2020. "Entrepreneurialism and Its Characteristics in Business." November 6, 2020. https://ivypanda.com/essays/entrepreneurialism-and-its-characteristics-in-business/.

References

IvyPanda. (2020) 'Entrepreneurialism and Its Characteristics in Business'. 6 November.

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