Emprendimiento is a dynamic multidimensional concept.
Thus, it needs understanding and consideration of many factors and perspectives.
In this context, the 11 differentiating characteristics of the entrepreneurship are:
Proceso de Innovación.
Motivación de alto logro.
Proceso transformacional.
Actividad de construcción de organizaciones.
Función de retiro de estado.
Creencia religiosa.
Actividad gratificante.
Proceso incremental de creación de riqueza.
Toma de decisiones sociales.
Actividad de llenado de huecos.
Habilidades Gerenciales y Liderazgo.
El resultado de la estructura sociopolítica y económica.
Estos se explican a continuación;
1. Proceso de innovación
Entrepreneurship is an innovation process.
Schumpeter (1934) describes this distinct feature of entrepreneurship that involves innovating a product with which consumers are not yet familiar or a new source of raw materials or a new market either to unexplored or a new combination of means of production or a new way of operation not yet applied.
Thus, entrepreneurship foresees the potentially profitable opportunity and tries to exploit it in a new and better way.
Wilken (1979) summaries a list of innovative activities entrepreneurship does.
They are shown below:
Expansión inicial- Producción original de bienes.
Expansión posterior- Cambio posterior en la cantidad de bienes producidos.
Innovación de factores- Aumento de la oferta o productividad de los factores.
Financiero- Adquisición de capital de una nueva fuente o en la nueva finca.
Mano de obra- Adquisición de mano de obra de una nueva fuente o de un nuevo tipo; mejorar la mano de obra existente.
Material- Adquisición de material antiguo de una nueva fuente o uso de material nuevo.
Innovaciones productivas- Cambios en el proceso productivo.
Tecnológico- Uso de nueva técnica de producción.
Organizacional- Cambio de forma o estructura de las relaciones entre las personas.
Innovaciones de mercado- Cambios en el tamaño o composición del mercado de un Producto.
Producción de nuevos bienes o cambios en la calidad o costo de bienes existentes.
Mercado- Descubrimiento de un nuevo marcador.
2. Motivación para lograr grandes logros
Entrepreneurship is an exhibition of the need for achievement of a person.
McClelland (1961) has put forward this feature of entrepreneurship.
It denotes that the person with a strong desire for achievement would be an entrepreneur and the outcome of his highly motivated action-oriented activities is entrepreneurship.
He stresses that the need for achievement is the most directly relevant factor for explaining economic behavior or people.
The achievement motive is a relatively stable and enduring characteristic of an individual.
This inspires to perform two essential characteristics of entrepreneurship, one is doing things in a new and better way and the other is decision making under uncertainty. Meredith and others (1982) also support this idea of entrepreneurship.
3. Proceso transformacional
Entrepreneurship is a transformational process that improves the symbolic position of people in their larger structures.
Young (1971) has come forward with this distinct characteristic of entrepreneurship, he found that the tendency to describe the situation as a problem to be solved, an awareness of pragmatic effort required, confidence in their own ability to solve the problem, a tendency to take the viewpoint of each individual in turn and analyze the situation as he might see it before suggesting an outcome are the forces that transform the people into entrepreneur.
The change theory of Young suggests that entrepreneurship is the mechanism of the society to incorporate the reactive subgroups into it.
A group becomes reactive when the following three conditions coincide:
Cuando un grupo experimenta un reconocimiento de bajo estatus.
Cuando se le niega el acceso a importantes retrabajos sociales; y
Cuando el grupo tiene mejores recursos institucionales que otros grupos de la sociedad del mismo nivel.
4. Actividad de creación de organización
Entrepreneurship is an organization building activity. Harbison (1956) perceives that entrepreneurship is the managerial skills and creativity to build new organizations to harness the economic use of others’ innovations.
Understands that organization building is the most critical skill required for the industrial development of a country.
This skill means the ability to ‘multiply oneself by effectively delegating responsibility to others.
Thus, entrepreneurship puts the new ideas of different innovators into productive use through building an appropriate organization.
5. Función de retiro de estado
Entrepreneurship is an extreme effort to make a change in the present state of the status of people. This characteristic of entrepreneurship is discovered by Hagen (1962).
According to his concept, a displaced, fallen or harassed community exhibits a high profile of entrepreneurship, to gain back the withdrawn or lost status.
Wherever there is any withdrawal of status respect, it may raise an innovative response along with other responses and create an entrepreneurial personality.
Therefore, entrepreneurship is a course of change the present social status of people to get back the old.
6. Creencia religiosa
Entrepreneurship is a function of religious belief – this concept of Max Weber (1930) results from the verse of Protestantism.
He opines that the spirit of capitalism is a set of attitudes towards the acquisition of money and the activities involved in it.
Capitalism started its journey after the emergence of Protestantism that recognizes business as a permissible economic activity and the profit as divine grace.
This religious approval for material gain through economic activity is the genesis of entrepreneurship.
7. Actividad gratificante
Entrepreneurship is rewarding and therefore, people engage in entrepreneurial activities.
Hisrich and Peters (1998) have mentioned this distinct characteristic of entrepreneurship.
They believe that the devoted time and efforts for the entrepreneurship are paid back with financial, psychic and, independence rewards that act as a driving force to the growth of entrepreneurship in society.
8. Proceso incremental de creación de riqueza
Entrepreneurship is perceived as a dynamic process of creating incremental wealth.
Wealth is created by the individual who assumes the major risks in terms of equity, time and/or career commitment to providing value for some product or service.
The product or service may or may not be new or unique.
But the entrepreneurship must somehow infuse value by receiving and locating the necessary skills and resources. Ronstadt (1984) advocates this characteristic of entrepreneurship.
9. Toma de decisiones sociales
Lamb has pointed out this dimension of entrepreneurship. He opines that the entrepreneurship is a form of social decision-making performed by economic innovators.
Multivariate social variables influence the decision of entrepreneurship. Social context must favor entrepreneurial decision making instead of deterring it.
10. Actividad para llenar huecos
Entrepreneurship fills up the gap that always exists in the knowledge of production function. Liebenstein (1966) has mentioned this functional characteristic of entrepreneurship.
It is true in the sense that entrepreneurship creates such product and service in such a way that helps to fill with unfulfilled social and economic deficiencies.
11. Habilidades gerenciales y liderazgo
Hoseliz (1960) entrepreneurship is the function of managerial skills and leadership.
He maintains that an entrepreneur must have the drive to earn profits and amass wealth. He must have the ability to lead and manage.
Entrepreneurship innovates its commodity and takes it into an uncertain market. Thus, production-oriented leadership and strong managerial capacity would load to succeed m entrepreneurship.
According to Hoselitz, there are innumerable cases in entrepreneurial history that ventures fail became their founders could not function as managers or lead to enlisting the service of the manager when required.
12. El resultado de la estructura sociopolítica y económica
Kunkel (1970) says that entrepreneurship is the outcome of four structures found in a society or community. Entrepreneurs are the most deviant individuals who act against such, restrictions.
These structures are limitation structure, demand structure, labor structure, and opportunity structure. Limitation Structure limits specific activities, which are social and cultural.
Demand Structure is mainly economic and changes with economic progress and government policies. Labor Structure is concerned with the supply of competent and willing labor.
The supply of labor is governed by several factors such as available alternative means of livelihood, traditionalism, and expectations of life.
Opportunity structure consists of the availability of capital, managerial and technological skills, and information concerning production methods, labor, and markets. This structure is required to increase the probability of entrepreneurial activity.
Entrepreneurship is an innovation process.
Schumpeter (1934) describes this distinct feature of entrepreneurship that involves innovating a product with which consumers are not yet familiar or a new source of raw materials or a new market either to unexplored or a new combination of means of production or a new way of operation not yet applied.
Thus, entrepreneurship foresees the potentially profitable opportunity and tries to exploit it in a new and better way.
Wilken (1979) summaries a list of innovative activities entrepreneurship does.
They are shown below:
