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Entrepreneurship

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The Role Of Entrepreneurship, Innovation, And Intuition, Jens Pohl Aug 2011

The Role Of Entrepreneurship, Innovation, And Intuition, Jens Pohl

Collaborative Agent Design (CAD) Research Center

In recognizing the importance of entrepreneurship and innovation as the principal drivers of economic growth, this paper focuses on the human attributes that govern the behavior of the entrepreneur and the societal perceptions that influence the human environment in which the entrepreneur operates. Foremost among these human attributes is the experience-based nature of the human cognitive system that prepares us well for dealing with events that are closely related to our past experience, but forces us to learn by failure as we apply past methods to new situations. In particular, the paper discusses the difficulties that the human dependence on …