Entrepreneurship

Seminar paper from the year 2015 in the subject Business economics - Business Management, Corporate Governance, grade: 1,3, Ramkhamhaeng University (Institute Of International Studies), language: English, abstract: The focus of this paper is on the implementation of corporate entrepreneurship and on the exchange and communication of knowledge in a global context, because it allows a targeted and interactive transfer and development of knowledge as well as the creation of innovations (Eppler & Reinhardt, 2004). After the introduction, the main terms used in this paper will be explained now. This allows the correct usage of terms in order of importance. The concept of entrepreneurship is very extensive and an evolving field of research. The term has several dimensions and therefore a scientifically uniform definition is not possible (Gautam & Verma, 1997). But entrepreneurship has been developed as a generally recognized phenomenon towards economic growth of every country of all over the world. Entrepreneur, according to Schumpeter (1934), "is the innovator who implements change within markets through the carrying out of new combinations" and entrepreneurship "is seen as new combinations including the doing of new things or the doing of things that are already being done in a new way." Onuoha (2007) defined entrepreneurship as "the practice of starting new organizations or revitalizing mature organizations, particularly new businesses generally in response to identified opportunities." Both authors only consider the entrepreneur or entrepreneurship and what they represent. But they did not discuss the cause of this behavior. The behavior of entrepreneurship is based on cultures values and that refers on the framework of Hofstedes cultural dimensions. The national culture and also the corporate culture play an important impact on entrepreneurship (Eroglu & Picak 2011).