NIST does not necessarily endorse the views expressed, or concur with the facts presented on these sites.Further, NIST does not endorse any commercial products that may be mentioned on these sites. In the 20th century, the understanding of entrepreneurship owes much to the work of economist Joseph Schumpeter in the 1930s and other Austrian economists such as Carl Menger, Ludwig von Mises and Friedrich von Hayek.
Larry Kim is the CEO of Mobile Monkey, a chatbot building platform for marketers that enables mobile messaging between businesses and customers via Facebook Messenger.
He’s also the founder of Word Stream, the World’s top PPC marketing software company.
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First, there must be opportunities or situations to recombine resources to generate profit.
Second, entrepreneurship requires differences between people, such as preferential access to certain individuals or the ability to recognize information about opportunities. Fourth, the entrepreneurial process requires the organization of people and resources.
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