Examine Schumpeters approach to entrepreneurship. Highlight his key assumptions and approaches. Discuss his influence in modern business and management studies.

Question
Examine Schumpeters approach to entrepreneurship. Highlight his key assumptions and approaches. Discuss his influence in modern business and management studies.

Core reading to start with:
McDaniel, B. A. A contemporary view of Joseph A. Schumpeters theory of the entrepreneur, Journal of Economic Issues, 39/2 (2005) 485-489; McFarling, B. Schumpeters entrepreneurs and commons sovereign authority, Journal of Economic Issues, 34/3 (2000) 707-721

The essay must demonstrate a solid understanding of the core readings indicated above