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A Comparative Discussion of Different Approaches to Entrepreneurship 19/12/2003 1.0 Introduction: There is no a universal theory exists in entrepreneurship by now. The entrepreneurship consists of several different approaches including psychological, sociological, anthropological, economic and regional science areas. Each school has its own opinion, so does every scholar. For example, Robert Hisrich mentioned (1985) entrepreneurship is the process of creating something differently with value by devoting the necessary time and effort, assuming the accompanying financial, psychological and social risks, and receiving the resulting rewards of monetary and personal satisfaction. Stephen Spinelli, et al. in Babson College recently also presented a definition as a way of thinking, reasoning, and acting that is opportunity obsessed, holistic in approach, and leadership balanced. The analysis of concept of entrepreneurship and its meaning is such a large topic to cover in a single paper. Thus, dipping into an inch of research, this study concentrates...

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