What is it about?

In this paper we examine the crude dichotomy of necessity versus opportunity types of entrepreneurship. We show how what would be classified as necessity enterprise can be very entrepreneurial indeed.

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Why is it important?

We argue that our analysis shows the potential for informal businesses to grow if, but only if, the institutional environment is 'supportive'. Our analysis demonstrates the important role played by informal businesses in more challenging environments.

Perspectives

So called 'necessity' entrepreneurship is often treated as some kind of second class or marginal form of entrepreneurship. Yet when the circumstances in which a small firm operates are difficult, informal enterprising makes a lot of sense.

Distinguished Professor Alistair Anderson
Lancaster University

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This page is a summary of: Enacting Entrepreneurship in ‘Informal’ Businesses, The International Journal of Entrepreneurship and Innovation, August 2013, SAGE Publications,
DOI: 10.5367/ijei.2013.0118.
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