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Entrepreneurship as a non-profit-seeking activity


Benz, Matthias (2009). Entrepreneurship as a non-profit-seeking activity. International entrepreneurship and management journal, 5(1):23-44.

Abstract

It is typically assumed that people engage in entrepreneurship because there are profits to be made. In contrast to this view, this paper argues that entrepreneurship is more adequately characterized as a non-profit-seeking activity. Evidence from a broad range of authors and academic fields is discussed showing that entrepreneurship does quite generally not pay in monetary terms. Being an entrepreneur seems to be rather rewarding because it entails substantial non-monetary benefits, like greater autonomy, broader skill utilization, and the possibility to pursue one's own ideas. It is shown how incorporating these non-monetary benefits into economic models of entrepreneurship can lead to a better understanding of the phenomenon

Abstract

It is typically assumed that people engage in entrepreneurship because there are profits to be made. In contrast to this view, this paper argues that entrepreneurship is more adequately characterized as a non-profit-seeking activity. Evidence from a broad range of authors and academic fields is discussed showing that entrepreneurship does quite generally not pay in monetary terms. Being an entrepreneur seems to be rather rewarding because it entails substantial non-monetary benefits, like greater autonomy, broader skill utilization, and the possibility to pursue one's own ideas. It is shown how incorporating these non-monetary benefits into economic models of entrepreneurship can lead to a better understanding of the phenomenon

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:National licences > 142-005
Dewey Decimal Classification:Unspecified
Scopus Subject Areas:Social Sciences & Humanities > Management Information Systems
Social Sciences & Humanities > Management of Technology and Innovation
Language:English
Date:1 March 2009
Deposited On:20 Dec 2018 17:05
Last Modified:24 Jan 2024 15:51
Publisher:Springer
ISSN:1554-7191
OA Status:Green
Publisher DOI:https://doi.org/10.1007/s11365-006-0031-y
  • Content: Published Version
  • Language: English
  • Description: Nationallizenz 142-005