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Basic Principles of Entrepreneurship

  • Christine K. Volkmann
  • Kim Oliver Tokarski
  • Marc Grünhagen

Abstract

A well-functioning competition system in a market economy is made possible by a multitude and diversity of enterprises. Among them, recently-founded young enterprises are today considered to be the main important engines of economic, technological and social changes in the life of nations. Considering this aspect, innovative new enterprises form the nucleus of functioning market economy systems. From the political point of view as well, the subject of entrepreneurship, interpreted as entrepreneurial thinking and acting, has achieved a greatly improved status in the last few years. In Europe [within the framework of the reorientation of the Lisbon strategy formulated by the EU commission in 2005] the encouragement of entrepreneurial spirit in education and culture as well as supporting new business formation and promoting the growth of young enterprises have gained special significance. [A good overview of world-wide initiatives to promote entrepreneurial mindsets and activity in a broad sense can be found in a report on educating the next wave of entrepreneurs published by the World Economic Forum 's Global Education Initiative; see Wilson (2009)]

Keywords

Corporate Social Responsibility Business Ethic Social Enterprise Social Entrepreneurship Social Entrepreneur 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Recommended Literature

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Copyright information

© Gabler Verlag | Springer Fachmedien Wiesbaden GmbH 2010

Authors and Affiliations

  • Christine K. Volkmann
    • 1
  • Kim Oliver Tokarski
    • 2
  • Marc Grünhagen
    • 3
  1. 1.University of WuppertalGermany
  2. 2.University of Applied SciencesSwitzerland
  3. 3.University of WuppertalGermany

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