Peter Klein discusses the connection between economy and entrepreneurship by explaining what economics and economic theory can say about entrepreneurial activities. Klein also points out how, in the past years, there has been an increase in interest about entrepreneurship among students of other disciplines. The main objective of his conference is to describe opportunities and emphasize value proposition during the process of generating ideas. He shares different examples to clarify how opportunity recognition takes place; by identifying trends, solving practical problems and looking for gaps in the market. He concludes talking about the importance of analyzing uncertainty and risk when investing resources; and the role of institutions, economic policy and government policy in entrepreneurship.
First Tuesday: Opportunity and Value Proposition Peter Klein
Milton Friedman Auditorium Universidad Francisco Marroquín Guatemala, September 6, 2011
A New Media - UFM production. Guatemala, September 2011 Camera: Rebeca Zuñiga; digital editing: Adrián Méndez; index and synopsis: Sara Sánchez; content reviser: Sofía Díaz; publication: Daphne Ortiz/Sofía Díaz
This work is licensed under a Creative Commons 3.0 License Este trabajo ha sido registrado con una licencia Creative Commons 3.0
Peter Klein is researcher on economics of organization, entrepreneurship and corporate strategy. He is Associate Professor of Applied Social Sciences and Director of the McQuinn Center for Entrepreneurial Leadership at the University of Missouri. Klein holds a BA in Economics from the University of North Carolina, Chapel Hill and a PhD in Economics from the University of California, Berkeley.