Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/321093 
Year of Publication: 
2024
Citation: 
[Journal:] Administrative Sciences [ISSN:] 2076-3387 [Volume:] 14 [Issue:] 11 [Article No.:] 287 [Year:] 2024 [Pages:] 1-13
Publisher: 
MDPI, Basel
Abstract: 
This paper suggests that the theory of entrepreneurship needs to be amended. This paper first shows how the phenomenon of entrepreneurial teams has become established in practice and in the literature. Then the axioms of entrepreneurship theory are discussed. This paper (with a literature review and GEM data) argues that there is an inconsistency within entrepreneurship theory: in order not to have to change the axioms of entrepreneurship theory, entrepreneurial teams were assumed to consist of individual entrepreneurs. This paper explains how that impedes advances in theory development and suggests a new taxonomy of entrepreneurs: the individual entrepreneur, the individual entrepreneur in a team, and a socially minded true team entrepreneur.
Subjects: 
entrepreneurial teams
entrepreneurship theory
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
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