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On the Ideal Duration of Entrepreneurial Resources Commitment
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Technology and Investment·Volume 01 (2010)·Pages 49–58·Published 1 March 2010·DOI10.4236/ti.2010.11006
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Abstract
The paper proposes that the entrepreneur’s perception of time in the form of average ideal duration of entre-preneurial resources commitment is an important personal trait. The entrepreneur develops a particular checking filter for the entrepreneurial involvement on which the evaluation of entrepreneurial opportunities is based. The concept of ideal time dimension of entrepreneurial engagement is crucially related to the de-velopment of structural prototype prevailing in space and time. Three main influences have been located with respect to the formation of duration on entrepreneurial commitment: microeconomic influences, long-term macro-environmental influences and short-term macro-environmental influences.
KeywordsEntrepreneurshipTime CommitmentPayback Period
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