Towards technology and entrepreneurship: a perspective with cyclic conditions

Abstract

In this paper aspects of technology and entrepreneurship interaction are considered. Firstly some dynamic aspects of technology are presented from a brief literature perspective. This is then contrasted to and integrated with some elements of entrepreneurship where cyclic aspects are influenced by unemployment in the business and possibly technology environment. This work is built on some views presented by previous authors such as Faria and others. Their work is extended to a conceptual systems thinking model representing cyclic factors in entrepreneurship using a causal loop diagram (CLD) approach. Some business statistics from databases are gathered and analysed for entrepreneurship to show and support some arguments of Faria and others about cyclic nature of entrepreneurship. A conceptual system dynamics approach for the entrepreneurship dynamics is presented based on previous research.