The word technology comes from two Greek phrases, transliterated techne and logos. On this article, the journal articles on technology entrepreneurship printed since 1970 are classified into eight themes, the journals where these articles had been published are examined, and the varied definitions of expertise entrepreneurship found within the literature are recognized.
Two different themes handle what occurs inside small corporations engaged in expertise entrepreneurship and another theme focuses on the interdependence between small-firm initiatives and the external infrastructure that contributes to science and expertise advances.
Expertise is a definite human cultural activity in which human beings exercise freedom and responsibility in response to God by harnessing and directing the materials and forces of the natural creation, with the aid of tools and procedures, for practical ends and functions.
It is about managing joint exploration and exploitation, where each individual has roles and responsibilities in collaboratively and cooperatively transferring ahead toward undertaking shared objectives ( Lindenberg and Foss, 2011 ). Know-how entrepreneurship is about investing in and executing the companies’ tasks, not just recognizing expertise or market alternatives.
These features are: i) the interdependence between scientific and technological change and the choice and growth of latest combinations, property, and asset attributes; ii) biases in the present entrepreneurship literature; iii) conceptualization of expertise entrepreneurship as an funding in a undertaking, moderately than alternative recognition or enterprise formation; and iv) links amongst expertise entrepreneurship, the speculation of sustainable competitive benefit, and the theory of the firm.