A. Rahman, Badruddin and Mohd Shariff, Mohd Noor (2010) Why do some entrepreneurs succeed and others failed? The Timmons framework. In: The First Seminar On: Entrepreneurship and Societal Development in Asean (ISE-SODA 2010) "Achieving Regional Growth through Entrepreneurship Education", 27th February-1st March 2010, City Bayview Hotel Langkawi. ASEAN Universities Consortium of Entrepreneurship Education (AUCEE), pp. 273-283. ISBN 983-2078-36-4

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Abstract

Successful entrepreneurs share common attitudes and behaviors. They possess not only a creative and innovative flair, but also solid general management skills, business know-how, and sufficient contact. Some other failed attributing to mainly incompetence. These entrepreneurs do not know how to run the enterprise. They make major mistakes that an experienced, well-trained entrepreneur would quickly see and usually sidestep. In tying to explain this phenomenon, Timmons develops a framework relating the driving forces that dominate the entrepreneurial process. The Timmons model incorporates the following aspects: (a) It is opportunity driven; (b)It is driven by a lead entrepreneur and an entrepreneurial team; (c) It is resource parsimonious and creative; (d) It depends on the fit and balance among these; and (e) It is integrated and holistic.

Item Type:	Book Section
Additional Information:	This seminar is collaboration between The Co-operative and Entrepreneurship Development Institute (CEDI) of Universiti Utara Malaysia; National Entrepreneurship Institute (INSKEN); Universiti Padjajaran (UNPAD), Bandung; Universiti Komputer Indonesia (UNIKOM) and Prince Songkla of University (PSU), Thailand.
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	School of Business Management
Depositing User:	Prof. Dr. Mohd Noor Mohd Shariff
Date Deposited:	29 Apr 2011 09:23
Last Modified:	24 Apr 2016 01:25
URI:	https://repo.uum.edu.my/id/eprint/2984

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