In their path-breaking article, Low and MacMillan (1988) suggest that entrepreneurship be defined as the creation of new enterprise. The purpose of entrepreneurship research should be to explain and facilitate the role of new enterprise in furthering economic progress (p. 141). Such a delineation, they hold, would o-and macro-perspectives. They argue that researchers must acknowledge that entrepreneurship studies could and should be carried out at multiple levels of analysis and that these analyses complement each other. The reasons for studying entrepreneurship on multiple levels of analysis lie in the characteristics of the entrepreneurial phenomenon itself.
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Business, Management and Accounting(all)