The Concepts of Business Monitoring
Studies about business creation and business monitoring have multiplied and branched out over the last 30 years. For the sake of clarity, our concepts have been based on a classification adopted by business specialists (Gilbert et al. 2006), i.e., approaches based on the theory of growth, on a focus on the individual, on business life cycles, on strategies, on population ecology, on resources, and on coherence. In each of these, determinants are analyzed that either complete or respond to one another. Among others, analyzing the environment of business creation processes is key for strategies-, resources-, and population ecology-based approaches.
In these three approaches, analyzing the environment allows the entrepreneur to spot opportunities and make choices. As established for corporate governance practices (OECD, Organisation for Economic Cooperation and Development,
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Hassanaly, P. (2020). Information Monitoring and Business Creation. In: Carayannis, E.G. (eds) Encyclopedia of Creativity, Invention, Innovation and Entrepreneurship. Springer, Cham. https://doi.org/10.1007/978-3-319-15347-6_220
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