1 Entrepreneurial knowledge, technology and the transformation of regions
It seems safe to claim that entrepreneurs with their varying presence and their varying activities play a critical role for the speed with which regions transform as well as for the direction of this transformation. Entrepreneurs are individuals (or groups of individuals) who specialize in making choices that require an intensive use of judgement, i.e. choices that involve unprecedented situations in which different people are likely to make different decisions (Casson, 1982). Entrepreneurship can be defined as the discovery, evaluation and exploitation of entrepreneurial opportunities by potential entrepreneurs with the ...
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