Such person-centric models of entrepreneurship have shown that are not valid because in real life entrepreneurs rather operate in teams rather than as single individuals. Family involvement is limited to provision of risky capital, usually in combination with other investors. The management model in medium enterprises is so called illuminated paternalism, where the usage of human and physical capital is much more intensive compared to large enterprises...
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The negative side is that often exist a not very fortunate division of responsibilities between entrepreneur-owner and the other employees. This is a result of the companies’ limited resources that do not allow companies to form a divisionalised organisation with different management levels that could systematically evaluate business opportunities...
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