Entrepreneurship as Empowerment: Knowledge Spillovers and Entrepreneurial Ecosystems

Abstract

Abstract Entrepreneurship is a form of empowerment as it provides a way for individuals to pursue their dreams. The generation of ideas is at the heart of entrepreneurship and involves assessing new opportunities. Recognizing gaps in the marketplace that new products, services or processes can fill is central to the idea of entrepreneurship. There are many different types of entrepreneurship including social, technological, sport and international that provide a way for ideas to enter the marketplace. This chapter focuses on the way entrepreneurship empowers people and provides a way for novel ideas to gain momentum. By taking a knowledge spillover and ecosystems perspective, the chapter highlights the way entrepreneurship gives strength to those with a creative idea. Thereby, acting as a form of empowerment, entrepreneurship provides a way for practitioners and researchers to make a positive contribution to society.

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