Limited Entrepreneurial Attention and Economic Development

Limited Entrepreneurial Attention and Economic Development Economic development depends on the allocation of entrepreneurial resources to efforts to discover new profit opportunities. Limited entrepreneurial attention is allocated between maintaining current activities and starting new activities. This paper addresses the problem of allocating limited entrepreneurial attention in a variety of contexts. The issues that are addressed are product improvement and new product development; the choice of career as an innovative entrepreneur, a managerial entrepreneur or a salaried employee; the venture capitalist's attention to current and new ventures and funds; the writing of internal contracts and market contracts and the supervising of current employees and hiring additional employees. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Small Business Economics Springer Journals

Limited Entrepreneurial Attention and Economic Development

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 1998 by Kluwer Academic Publishers
Subject
Business and Management; Management; Microeconomics; Entrepreneurship; Industrial Organization
ISSN
0921-898X
eISSN
1573-0913
D.O.I.
10.1023/A:1007966215575
Publisher site
See Article on Publisher Site

Abstract

Economic development depends on the allocation of entrepreneurial resources to efforts to discover new profit opportunities. Limited entrepreneurial attention is allocated between maintaining current activities and starting new activities. This paper addresses the problem of allocating limited entrepreneurial attention in a variety of contexts. The issues that are addressed are product improvement and new product development; the choice of career as an innovative entrepreneur, a managerial entrepreneur or a salaried employee; the venture capitalist's attention to current and new ventures and funds; the writing of internal contracts and market contracts and the supervising of current employees and hiring additional employees.

Journal

Small Business EconomicsSpringer Journals

Published: Oct 6, 2004

References

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