On the Ideal Duration of Entrepreneurial Resources Commitment

Panagiotis E. Petrakis

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DOI: 10.4236/ti.2010.11006                

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.

Keywords

Entrepreneurship, Time Commitment, Payback Period

Conflicts of Interest

The authors declare no conflicts of interest.

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