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Entrepreneurial Creativity and Growth

In: Entrepreneurship - Practice-Oriented Perspectives

Author

Listed:
  • Panagiotis E. Petrakis
  • Kyriaki I. Kafka

Abstract

The concept of creativity is multidimensional, helping to take advantage of entrepreneurial opportunities and favoring in this way economic growth. Next to this basic argument of neoclassical theory, which ignores the role of entrepreneurship in growth, the present chapter states that entrepreneurship should be included as a contributing factor of growth. Through this key argument, this chapter attempts to clarify the importance of creativity to entrepreneurial activity, concentrating on the factors that influence entrepreneurial creativity that in turn lead to economic growth, as well as to capture the way in which entrepreneurial creativity is affected by this procedure. These factors are knowledge and education, the management of disrupting technologies, spill-over creativity, the role of cultural background and personal characteristics of individuals, the motives and incentives of individuals, the existence of--and access to--resources, and the institutions that delineate the environment of action of the entrepreneur.

Suggested Citation

  • Panagiotis E. Petrakis & Kyriaki I. Kafka, 2016. "Entrepreneurial Creativity and Growth," Chapters, in: Mario Franco (ed.), Entrepreneurship - Practice-Oriented Perspectives, IntechOpen.
    • Handle: RePEc:ito:pchaps:106756
    DOI: 10.5772/65453
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    Cited by:

    1. Damianus Abun & Theogenia Magallanes & Editha B. Acidera & Mary Joy Encarnacion & Carol U. Domingcil, 2021. "Work Environment and work Engagement of Employees of the Catholic Colleges in the Ilocos Region, Philippines," Technium Social Sciences Journal, Technium Science, vol. 19(1), pages 439-464, May.
    2. Marian Pompiliu Cristescu & Raluca Andreea Nerișanu, 2021. "Sustainable Development with Schumpeter Extended Endogenous Type of Innovation and Statistics in European Countries," Sustainability, MDPI, vol. 13(7), pages 1-22, March.

    More about this item

    Keywords

    entrepreneurship; creativity; growth; education; knowledge; institutions; cultural background; resources; motives; incentives; technologies;
    All these keywords.

    JEL classification:

    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

    Statistics

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