Abstract
Entrepreneurship has been a driving force for economic growth. However, the definition of entrepreneurship has been defined as a way of thinking for creating value or defined as activities related to start-up.
This kind of narrow definition led the misunderstanding to the public. Also, the entrepreneurship policy makers and educators have used the concept of entrepreneurship as a start-up activities. With this mis-concept of narrow definition should broaden to the right and broad concept of entrepreneurship as the zeitgeist and the solutions to social problem.
For redefining the entrepreneurship concept, we conducted the survey with experts in the entrepreneurship industry such as professors in entrepreneurship division at university level and experts in entrepreneurship industry such as policy makers in the government related organization. Based on Colaizzi(1978)’s research, the phenomenologist view is useful to see the core value of phenomena. Researchers did in-depth interview to redefine the definition of entrepreneurship.
We got the 6 key concepts which they have to be included in the definition of entrepreneurship through in-depth interview.
First, entrepreneurship can solve the inequity issues in terms of social value and economic side. Second, it can be a solution of unbalanced bad cycle of society. Third, it can be a solution to adjust the current economic paradigm. Forth, entrepreneurship can be a driving force of economic and social dynamics. Fifth, it will create the positive system to create the effective results. As a sixth key point, entrepreneurship can be a source of social value creation beyond the economic value creation.
These core values can lead the more broad perspective to understand entrepreneurship concept as a solution of social problem and the zeitgeist.
Using this understanding, entrepreneurship can be applied to the economic sectors and social sectors as well. Also, it will bring the right direction for entrepreneurship education in the situation all students have to take the entrepreneurship course as a mandatory course.
This kind of narrow definition led the misunderstanding to the public. Also, the entrepreneurship policy makers and educators have used the concept of entrepreneurship as a start-up activities. With this mis-concept of narrow definition should broaden to the right and broad concept of entrepreneurship as the zeitgeist and the solutions to social problem.
For redefining the entrepreneurship concept, we conducted the survey with experts in the entrepreneurship industry such as professors in entrepreneurship division at university level and experts in entrepreneurship industry such as policy makers in the government related organization. Based on Colaizzi(1978)’s research, the phenomenologist view is useful to see the core value of phenomena. Researchers did in-depth interview to redefine the definition of entrepreneurship.
We got the 6 key concepts which they have to be included in the definition of entrepreneurship through in-depth interview.
First, entrepreneurship can solve the inequity issues in terms of social value and economic side. Second, it can be a solution of unbalanced bad cycle of society. Third, it can be a solution to adjust the current economic paradigm. Forth, entrepreneurship can be a driving force of economic and social dynamics. Fifth, it will create the positive system to create the effective results. As a sixth key point, entrepreneurship can be a source of social value creation beyond the economic value creation.
These core values can lead the more broad perspective to understand entrepreneurship concept as a solution of social problem and the zeitgeist.
Using this understanding, entrepreneurship can be applied to the economic sectors and social sectors as well. Also, it will bring the right direction for entrepreneurship education in the situation all students have to take the entrepreneurship course as a mandatory course.
| Translated title of the contribution | Entrepreneurship as the Solution to Social Problems |
|---|---|
| Original language | Korean |
| Pages (from-to) | 277-295 |
| Number of pages | 19 |
| Journal | Korea Business Review |
| Volume | 20 |
| Issue number | 4 |
| DOIs | |
| State | Published - Nov 2016 |