Fundamentals of entrepreneurship

Many scholars are of the opinion that entrepreneurship as a field, even though has grown but there is lack of progress in the field. This haphazard growth has led to a situation where it is very difficult to develop a good theory on entrepreneurship. Inability to develop theory in the field of entrepreneurship has been attributed to many factors that include definitional issues in the area of entrepreneurship, the scope of entrepreneurial activities, relevance and measurement of various constructs used in entrepreneurship to describe the phenomenon. Besides these issues, unit of analysis and lack of longitudinal studies are further impediments to the development of entrepreneurship as a field.