Theories of Entrepreneurship Failure Essay Example | Topics and Well Written Essays - 15000 words

Theories of Entrepreneurship Failure - Essay ExampleThis study looks into an entrepreneurship as something that some great deal look toward and few people accomplish. In the world of work, as the economy changes and workers lose traditional jobs, legion(predicate) atomic number 18 finding that entrepreneurship can be their next way to earn an income. The contest with this humor is that many small businesses fail for a number of reasons and this often leaves the small business owner looking for a new job. Many people mistakenly think that entrepreneurship and small business owner are synonymous. The challenge with this thought is that there are many small businesses, but only a few solid entrepreneurs. Entrepreneurs find failure many times but there are a variety of reasons for it. Cardon, Stevens, and monkey around suggest that failure is an key phenomenon beca lend oneself it leads to the entrepreneurs ability to understand and make sense of what happened. In this way, the y can make choices to do something different or begin another entrepreneurial venture. there are many theories that will be discussed in this essay to discuss scholarly views on the nature and types of speculation. There are a variety of discussions that place the nature of theories and why they are important. Harlow states that one of the challenges to the word guess is that there are so many different ways that it is used. In other words, there is no universal meaning for this word. Harlow also notes that research uses opening to mean the relevant aspects of the literature that are important in building a background of information about the specific topic. As an example, in entrepreneurship, the use of theories will provide a foundation for the study of how entrepreneurship and failure are presented. Gelso (2006) describes opening from a more scientific point of view than Harlow (2009). Gelso posits that science and theory work together and one without the other would be ve ry different. Gelso states that science must exist in collaboration with research in collection to present solid research. In one respect, science without controlled, empirical research would consist of only untested ideas and biases (Gelso, 2006, para. 2), which would see research unusable. Gelso defines a theory as a statement of the suspected relationship between and among variables (Gelso, 2006, para. 9). With this understanding, Gelso suggests that the soulfulness researcher can provide an integrated approach to the topic under study and make worthy assumptions about the research. Wacker (1998) adds to this discussion by stating that the difference in the way that professionals view theory is in the study nature of the theory (p. 361). Wacker states that there are several reasons why theory is important to every discipline. These reasons are It provides a framework for analysis It provides an efficient method for field development It provides a clear translation for the p ragmatic world (Wacker, 1998, p. 362). In stating such, Wacker (1998) supports the ideas of Gelso (2006) and Harlow (2009) in that theory is important and that it lays the foundation for research to be create upon. Waker also states that developing theory lessens the possibility of error because the researchers can build upon current theory this leads to efficiency. Wacker (1998) creates a definition of theory using what academic theory understands as important. Theories are made of quad factors in his definition. They must define terms or variables, they must have a domain where the theory generates from, the variables must have some type of relationship and the theory must have specific claims (Wacker, 1998, p. 363). This idea corresponds with Gelso (2006) and gives a foundation to the idea that research must be grounded in secure theories in order for them to be sound. Henderikus (2007) also has presented information regarding theory in a similar way as Wacker (1998). Henderiku s (2007) suggests that theory is a more mathematical concept and therefore