Knowledge entrepreneurship
related to wealth
Knowledge entrepreneurship refers to the process of utilising, leveraging, and transforming knowledge into valuable products, services, or ventures. It emphasises the application and commercialisation of knowledge, with the aim of generating both economic and social impact.
Unlike traditional economic approach to entrepreneurship,
which focuses primarily on the pursuit of financial profit, knowledge entrepreneurship focuses on the generation and dissemination of knowledge, including research outputs and personal transformation. It has been proposed as a suitable model of entrepreneurship for not-for-profit educators, researchers, and educational institutions.
While the generation of economic value may be a component of knowledge entrepreneurship, this concept is often directed towards addressing social issues and contributing to positive societal change.
Knowledge entrepreneurship
Following Clark the term entrepreneurial may refer not only to individuals, but also to organisations as social systems, and even to specific projects. However, in contrast to Clark's approach, the dynamic process of vision and change—key aspects of entrepreneurship (Kuratko, 2006; Schumpeter & Opie, 1934), also referred to as entrepreneuring—can be demanding and stressful. Entrepreneurship is generally understood as the pursuit of novel approaches within real-world contexts. Lumpkin and Dess (1996) defined it more specifically as "the essential act of entrepreneurship is new entry." Similarly, Brown described it as "a process of exploiting opportunities that exist in the environment or that are created through innovation in an attempt to create value" (Brown & Ulijn, 2004, p. 5).
The public source identifies “Knowledge entrepreneurship” as related to wealth. This brief keeps that definition visible, then builds a research path around Knowledge, entrepreneurship and related.
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This entry incorporates text from “Knowledge entrepreneurship” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.