Theoretical Background of Entrepreneurship

This chapter introduces the basic theoretical features of entrepreneurship and forms the theoretical backbone of this book. These basic theoretical features of entrepreneurship are important to understand the phenomenon of entrepreneurship that plays a crucial role in the development of the small firm, and they are necessary for the development of entrepreneurship education (see Chapter 2 in this book) and for solving the entrepreneurial dilemmas (see Chapter 3 in this book). Eleven basic features of entrepreneurship are distinguished, all presented in different sections. Two sections also contain two subsections, respectively [...]