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Why do some entrepreneurs succeed and others failed? The Timmons framework

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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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: http://repo.uum.edu.my/id/eprint/2984

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