Non-profit entrepreneurship: extending the concept of profit opportunities
by Peter M. Frank
International Journal of Entrepreneurship and Innovation Management (IJEIM), Vol. 6, No. 3, 2006

Abstract: Entrepreneurship theory helps explain the market process and the means by which economic development occurs. The non-profit sector is an increasingly important component of economic development, yet the entrepreneurial process within this sector is largely unexplained. By expanding the economic literature on entrepreneurship, this paper establishes a conceptual framework for understanding the decision-making process of the non-profit entrepreneur. Extending the market notion of profit opportunities, the non-profit entrepreneur creatively acts in a non-market context by establishing an organisation that helps to coordinate individual plans and purposes.

Online publication date: Sun, 21-May-2006

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