Entrepreneurship: Analysis of the Literature

Entrepreneurship: Analysis of the Literature

ARNAUT, Dino
ERGUN, Ugur

Throughout the world, shifts in population demographics, technological modification, fluctuating economies and alternative dynamic forces have transformed societies as never before, bringing new challenges in addition to opportunities to the forefront. Among the responses to those everyday shifting forces is an actual increase in stress on entrepreneurship by governments, organizations and the general public. Entrepreneurship cannot be a panacea for it all, but it can surely be part of the answer. Entrepreneurship is a very popular topic for the researchers in almost every part of the world. This paper seeks to create a roadmap for the entrepreneurship literature. This task is not easy since entrepreneurship itself is a multifarious and complex social and economic phenomenon. This roadmap’s sole purpose is to highlight aspects of entrepreneurship that can act as a guideline for policy makers to help them understand the most important questions and issues, and to understand better the distinctions of entrepreneurship in emerging markets from that in developed countries. This is critical in order to develop private sector in developing countries. This paper examines recent empirical evidence that systematically and collectively supports the claim that entrepreneurship cause important economic benefits, such as economic development and growth. Keywords: entrepreneurship, literature review, roadmap, self-employment, economic development, economic growth.

Article
PeerReviewed

ISSN 2303-4564

International Burch University

2014-04

2645