'Entrepreneur is an innovator playing the role of a dynamic businessman adding material growth to economic development', is articulated by:

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UGC NET (Management) Official Paper-II (Held On: 12 Mar, 2023 Shift 2)
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  1. Porter (1990)
  2. Lichtenstein and Lyons (2010)
  3. Joseph Schumpeter (1883-1950)
  4. Shane (2008)

Answer (Detailed Solution Below)

Option 3 : Joseph Schumpeter (1883-1950)
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UGC NET Paper 1: Held on 21st August 2024 Shift 1
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The correct answer is Joseph Schumpeter (1883-1950).

Key Points

  • The statement "Entrepreneur is an innovator playing the role of a dynamic businessman adding material growth to economic development" aligns with the ideas and concepts put forth by Joseph Schumpeter (1883-1950), an influential economist and social scientist.
  • Schumpeter's work focused on the role of entrepreneurship in economic development and the concept of "creative destruction."
  • Schumpeter viewed entrepreneurs as agents of change who drive economic progress through innovation and disruption.
  • He emphasized the importance of entrepreneurs in introducing new products, services, technologies, and business models, which he believed were the primary drivers of economic growth and development.
  • According to Schumpeter, entrepreneurship was a dynamic force that fueled economic transformation and led to the creation of new industries and the decline of old ones.
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