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:
“For some reason a nation feels as shy about admitting that it ever went forth to war for the sake of more wealth as a man would about admitting that he had accepted an invitation just for the sake of the food. This is one of humanity’s most profound imbecilities, as perhaps the only justification for asking one’s fellowmen to endure the horrors of war would be the knowledge that if they did not fight they would starve.”
—Rebecca West (1892–1983)