Knowledge entrepreneurship describes the ability to recognize or create an opportunity and take action aimed at realizing the innovative knowledge practice or product. Knowledge entrepreneurship is different from ‘traditional’ economic entrepreneurship in that it does not aim at the realization of monetary profit, but focuses on opportunities with the goal to improve the production (research) and throughput of knowledge (as in personal transformation (Harvey & Knight, 1996)), rather than to maximize monetary profit. It has been argued that knowledge entrepreneurship is the most suitable form of entrepreneurship for not-for-profit educators, researchers and educational institutions.
Read more about Knowledge Entrepreneurship: The Knowledge Entrepreneurship Model, Literature Review Knowledge Entrepreneurship
Famous quotes containing the word knowledge:
“But a mother is like a broomstick or like the sun in the heavens, it does not matter which as far as one’s knowledge of her is concerned: the broomstick is there and the sun is there; and whether the child is beaten by it or warmed and enlightened by it, it accepts it as a fact in nature, and does not conceive it as having had youth, passions, and weaknesses, or as still growing, yearning, suffering, and learning.”
—George Bernard Shaw (1856–1950)