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How Business Management benefit from Entrepreneurship

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  • Ing. Matthijs H. M. Hammer

Abstract

In this paper, the dominating models of Business Management are listed and their effect on business is stated. It is argued that in the last decades, no new models enriched the toolkit for this field, although economy alters permanently. Because of her promising impact on economic growth, the characteristic of Entrepreneurship is examined. Theories are explored to find clues on how to benefit from this phenomenon. Based on field experiments, evidence is shown that Business Management can benefit from Entrepreneurship when adopting the learning methodologies applied. It will be for this reason that Entrepreneurship will emerge in all European curricula, as is included in the Budapest agenda for enabling teachers for Entrepreneurship Education.

Suggested Citation

  • Ing. Matthijs H. M. Hammer, 2012. "How Business Management benefit from Entrepreneurship," Proceedings- 10th International Conference on Mangement, Enterprise and Benchmarking (MEB 2012),, Óbuda University, Keleti Faculty of Business and Management.
    • Handle: RePEc:pkk:meb012:175-182
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    References listed on IDEAS

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    1. Thomas Gries & Wim Naudé, 2008. "Entrepreneurship and Regional Economic Growth: Towards A General Theory of Start-Ups," WIDER Working Paper Series RP2008-70, World Institute for Development Economic Research (UNU-WIDER).
    2. Wennekers, Sander & Thurik, Roy, 1999. "Linking Entrepreneurship and Economic Growth," Small Business Economics, Springer, vol. 13(1), pages 27-55, August.
    3. Chandler, Gaylen N. & DeTienne, Dawn R. & McKelvie, Alexander & Mumford, Troy V., 2011. "Causation and effectuation processes: A validation study," Journal of Business Venturing, Elsevier, vol. 26(3), pages 375-390, May.
    4. Nadim Ahmad & Richard G. Seymour, 2008. "Defining Entrepreneurial Activity: Definitions Supporting Frameworks for Data Collection," OECD Statistics Working Papers 2008/1, OECD Publishing.
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    Cited by:

    1. Matthijs H.M. Hammer, 2014. "Premature Entrepreneurial Exit: Exploring the Role of Goal Setting Bias," Proceedings of FIKUSZ '14, in: Pál Michelberger (ed.),Proceedings of FIKUSZ '14, pages 97-106, Óbuda University, Keleti Faculty of Business and Management.

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